Schlumberger BV and Eurasia Drilling Co. Ltd. are continuing to cooperate with the Russian Federal Anti-Monopoly Service and the Commission on Foreign Investment with regard to the proposed merger between the Eurasia Drilling and EDC Acquisition Co. Ltd. and the related transaction with...

Following Eni’s participation in the competitive International Bid Round launched by the Republic of the Union of Myanmar, the company has signed two production sharing contracts for offshore blocks MD-02 and MD-04. The joint venture is between Eni, the operator with an 80% participating interest...

CONSOL Energy Inc. has closed its private placement of $500 million of its 8.000% senior notes due 2023. The notes are guaranteed by substantially all of CONSOL's wholly owned domestic restricted subsidiaries.

PetroQuest Energy Inc.’s bank group has completed its semi-annual re-determination of its borrowing base under its credit facility. As a result, the company's $220 million borrowing base has been revised to $190 million, subject to the aggregate commitments of the bank group, which the...

Val M. Holms, president, CEO, and chairman of Bakken Resources Inc., began a voluntary paid leave of absence on March 24. 

Chevron Corp. has confirmed that George L. Kirkland, vice chairman and executive vice president, Upstream, will retire from the company, effective June 15. He will be succeeded by James W. “Jay” Johnson, as executive vice president, Upstream, effective June 16.

Private equity firm Warburg Pincus has agreed to invest up to $500 million in start-up oil and gas exploration and production company Independence Resources Management (IRM).

Citizens Financial Group has purchased a $400 million portfolio of reserve-based loans from The Royal Bank of Scotland. Additionally, Citizens has hired a Houston-based oil and gas banking team from RBS.

Michael A. Creel, CEO of Enterprise Products Partners LP’s general partner, plans to retire as of Dec. 31. A.J. “Jim” Teague, Enterprise’s COO, has been elected to succeed Creel as CEO upon Creel’s retirement at the end of 2015.