Andalas Energy and Power plc, formerly CEB Resources, has signed a non-binding heads of agreement to farm-in to the technical assistance contract covering the Tuba Obi East (TOE) oil and gas concession in Jambi province, Sumatra, Indonesia.

Peter Blakey, non-executive director, is retiring from the board of directors of Tower Resources plc, an AIM-listed Africa-focused oil and gas exploration company, and will therefore not stand for reelection at the company’s next AGM expected to be held in April.

The board of directors of Holly Logistic Services LLC (HLS), the ultimate general partner of Holly Energy Partners LP, has appointed Mark A. Plake as president of HLS, effective Feb. 15. In connection with his appointment, Mike Jennings will resign as president of HLS, also effective Feb. 15....

Total has signed a binding heads of agreement with China’s privately run ENN LNG Trading for the delivery of 0.5 million tonnes per year of liquefied natural gas (LNG) for a period of 10 years.

Oil veteran T. Boone Pickens has sold all his oil holdings and says he is going to wait for the best timing to get back in, according to an interview he made on “Bloomberg Go.”

Warren Buffett’s firm Berkshire Hathaway has purchased nearly 1.7 million more shares of Phillips 66 to give it ownership of close to 14% of Phillips 66, according to the Associated Press.

LINN Energy LLC has initiated a process to explore strategic alternatives, including filing for bankruptcy, in order to strengthen its balance sheet and maximize the company’s value.

Schlumberger Ltd. and Cameron International Corp. have received unconditional approval from the European Commission to proceed with their proposed merger following a Phase 1 review.

A record number of oil and gas related entities commenced bankruptcy cases in 2015. All told, those bankruptcies involved approximately $16 billion in assets. By all accounts, the trend will continue and even increase into 2016. Companies doing business with oil and gas entities need to be aware of...

Peregrine Midstream Partners LLC, and its affiliates Peregrine Rocky Mountains LLC, Ryckman Creek Resources Holding Company LLC, and Ryckman Creek Resources LLC filed for voluntary bankruptcy under Chapter 11 of the US Bankruptcy Code in the Bankruptcy Court for the District of Delaware on February...