As revealed in its April 15 filings with the US Securities and Exchange Commission, Transocean Ltd. has signed an agreement with Ian C. Strachan to continue as the company’s interim CEO.
Petsec Energy Ltd. has executed an agreement with Oil Search Ltd. to acquire all the shares of its subsidiary Oil Search (ROY) Ltd. which holds a 34% participating interest in Block 7, Al Barqa Permit, in the Republic of Yemen, and is the designated operator of the block.
Matador Resources Co. has priced an underwritten public offering of 7,000,000 shares of its common stock. Total estimated proceeds of the offering to Matador, before estimated offering expenses, are $189 million. The offering is expected to close on April 21.
SM Energy Co.’s borrowing base under its senior secured revolving credit facility was maintained at $2.4 billion following its lenders’ regularly scheduled semi-annual redetermination. SM Energy has elected to leave the aggregate commitment amount from the bank group unchanged at $1.5...
Michael G. Hutchinson has joined the board of directors of ONEOK Partners LP, effective April 16.
LLOG Exploration Co. LLC, along with its Gulf of Mexico joint venture partner, Blackstone Energy Partners, and its co-owners, the entities managed by Ridgewood Energy (which includes Riverstone-designated ILX affiliates), Red Willow Offshore LLC, Calypso Exploration LLC, Deep Gulf Energy II LLC,...
PetrÃ³leo Brasileiro SA (Petrobras) has confirmed the discoveries of oil and gas accumulations in Brazil’s Amazon and EspÃrito Santos basins.
Due to the effects of low oil prices on the market, Schlumberger Ltd. will soon be laying off approximately 11,000 employees.
Post Oak Energy Capital has made a $150 million capital commitment to PetroEdge Energy IV LLC. PetroEdge’s management team will be co-investing alongside Post Oak.