Image - Corterra Energy Acquires 26,000 Acres in Arkoma Basin for $68M

Corterra Energy Acquires 26,000 Acres in Arkoma Basin for $68M

Today, ("Corterra"), an independent exploration and energy production company headquartered in Tulsa, Okla., and backed by White Deer Energy, announced it has closed on an acquisition of 26,000 net acres and interest in over 400 producing wells in the Arkoma Basin. The company acquired the assets from Oklahoma City-based Continental Resources, Inc. (NYSE: CLR) for $68 million. With this purchase, Corterra has built a contiguous position of ne...

Oil and Gas - Oct 5, 2017


Image - ExxonMobil Announces 5th Discovery Offshore Guyana

ExxonMobil Announces 5th Discovery Offshore Guyana

Exxon Mobil Corporation (NYSE:XOM) today announced it made a fifth new oil discovery after drilling the Turbot-1 well offshore Guyana. Turbot is ExxonMobil's latest discovery to date in the country, adding to previous discoveries at Liza, Payara, Snoek and Liza Deep. Following completion of the Turbot-1 well, the Stena Carron drillship will move to the Ranger prospect. An additional well on the Turbot discovery is being planned for 2018. Ex...

Oil and Gas - Oct 5, 2017


Image - Total Inaugurates the Northern Sea Route with LNG Carrier Christophe de Margerie

Total Inaugurates the Northern Sea Route with LNG Carrier Christophe de Margerie

It's on its way! After loading its cargo at the Snohvit LNG export terminal in Norway, in which Total has an 18.4% interest, the Christophe de Margerie is taking the Northern Sea Route to Boryeong in South Korea, where it will deliver a cargo for Total Gas & Power. It's the first unescorted merchant vessel ever to take this route, which makes it possible to reach Asia via the Bering Strait in 15 days versus 30 days via the Suez Canal. This tec...

Oil and Gas - Jul 28, 2017




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