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Oil & Gas Exploration and Production

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Sandridge Energy Publishes Letter To Shareholders Regarding Strategic Acquisition Of Bonanza Creek

7:00am EST

Dec 11 (Reuters) - Sandridge Energy Inc ::SANDRIDGE ENERGY PUBLISHES LETTER TO SHAREHOLDERS REGARDING STRATEGIC ACQUISITION OF BONANZA CREEK.

Sandridge Energy Publishes Letter To Shareholders Regarding Strategic Acquisition Of Bonanza Creek

7:00am EST

Dec 11 (Reuters) - Sandridge Energy Inc ::SANDRIDGE ENERGY PUBLISHES LETTER TO SHAREHOLDERS REGARDING STRATEGIC ACQUISITION OF BONANZA CREEK.

Whiting Petroleum says expects to record impairment charge between $800 mln-$900 mln in Q4 2017 for partial write-down of certain of its assets

6:34am EST

Dec 11 (Reuters) - Whiting Petroleum Corp ::Whiting Petroleum says expects to record impairment charge between $800 million and $900 million in Q4 2017 for partial write-down of certain of its assets.Whiting Petroleum Corp says on Dec 7, board of co concluded material charge for impairment to one of its assets was required ‍​.Whiting Petroleum Corp says ‍does not expect that impairment charge will result in any current or future cash expenditures​ - SEC filing.Whiting Petroleum says partial write-down is of certain of co's assets at redtail field in DJ Basin in Weld County, Colorado - SEC filing.Whiting Petroleum - after certain adjustments, sees year end 2017 SEC proved reserve volumes to be comparable to year end 2016 SEC proved reserve volumes.Whiting Petroleum - due to decision to focus development activities in Williston Basin in 2018, co reduced reserves, impaired investment at Redtail Field​.

Eclipse Resources Corp to buy New Utica Development Area in Central Pennsylvania

6:00am EST

Dec 11 (Reuters) - Eclipse Resources Corp ::Eclipse Resources Corporation announces agreements to acquire New Utica Development Area (the "Flat Castle" project area) in Central Pennsylvania.Eclipse Resources Corp - deal for $93.7 million.Eclipse Resources - deal price is payable entirely in shares of Eclipse Resources' common stock.Eclipse Resources - co, unit entered agreement pursuant to which unit acquired right to buy all outstanding equity interests of Cardinal NE Holdings.Eclipse Resources - unit acquired right to buy all outstanding equity interests of Cardinal NE for an aggregate purchase price of $18.3 million in cash​.

Kuwait Energy Says CEO Sara Akbar Resigns

5:41am EST

Dec 11 (Reuters) - Kuwait Energy Plc ::RESIGNATION OF CEO AND APPOINTMENT OF INTERIM CEO.‍RESIGNATION CO-FOUNDER, CEO SARA AKBAR AS EXECUTIVE DIRECTOR AND AS CEO WITH EFFECT FROM MONDAY 11 DECEMBER 2017​.‍APPOINTED ABDEL (ABBY) BADWI AS INTERIM CEO​.

Aker Solutions wins Aker BP field production systems deal

5:01am EST

Dec 11 (Reuters) - Aker Solutions Asa ::AKER SOLUTIONS TO PROVIDE SUBSEA PRODUCTION SYSTEM FOR AKER BP'S ÆRFUGL.‍WAS AWARDED A CONTRACT FROM AKER BP TO DELIVER SUBSEA PRODUCTION SYSTEM FOR FIRST PHASE OF ÆRFUGL DEVELOPMENT OFFSHORE NORWAY​.‍AWARD WAS MADE ON BEHALF OF SKARV UNIT AND IS SUBJECT TO GOVERNMENT APPROVAL OF PLAN FOR DEVELOPMENT AND OPERATION (PDO) OF ÆRFUGL (PREVIOUSLY KNOWN AS SNADD)​.‍SUBSEA SYSTEM WILL INCLUDE WELLHEADS, VERTICAL SUBSEA TREES, A TIE-IN MODULE AND AN UMBILICAL RISER BASE. CONTRACT INCLUDES AN OPTION FOR ÆRFUGL PHASE 2.​.‍ÆRFUGL IS A GAS CONDENSATE FIELD ABOUT 210 KILOMETERS OFFSHORE SANDNESSJØEN IN NORWAY. IT WILL BE CONNECTED BACK TO SKARV FLOATING PRODUCTION, STORAGE AND OFFLOADING VESSEL OPERATED BY AKER B​.‍ÆRFUGL IS A GAS CONDENSATE FIELD ABOUT 210 KILOMETERS OFFSHORE SANDNESSJØEN IN NORWAY. IT WILL BE CONNECTED BACK TO SKARV FLOATING PRODUCTION, STORAGE AND OFFLOADING VESSEL OPERATED BY AKER BP​.‍FIRST PHASE OF ÆRFUGL INCLUDES THREE PRODUCTION WELLS AND IS SCHEDULED TO START IN Q4 OF 2020​.‍PARTIES AGREED TO NOT DISCLOSE FINANCIAL VALUE OF CONTRACT, WHICH WILL BE BOOKED IN FOURTH-QUARTER ORDERS​.

Genel Energy ‍Update On Tawke PSC​

2:06am EST

Dec 11 (Reuters) - Genel Energy Plc ::‍UPDATE ON TAWKE PSC​.‍PRODUCTION FROM PESHKABIR FIELD IN TAWKE LICENCE IN IRAQ'S KURDISTAN REGION TRIPLED TO 15,000 BOPD.‍TOTAL OF 11 ZONES IN 1.2 KM HORIZONTAL SECTION OF CRETACEOUS, JURASSIC RESERVOIR IN PESHKABIR-3 WELL TESTED AND FLOWED SUCCESSFULLY​.‍PREPARATIONS ARE UNDERWAY TO DRILL PESHKABIR-4 WELL, WHICH WILL ALSO BE DESIGNED TO TEST UNDERLYING TRIASSIC RESERVOIR​.

Interoil: November IOX Operated Production In Colombia 2,175 boe/d

2:00am EST

Dec 11 (Reuters) - Interoil Exploration And Production Asa ::REG-INTEROIL EXPLORATION & PRODUCTION ASA: PRODUCTION REPORT FOR NOVEMBER 2017.NOVEMBER 2017 IOX OPERATED PRODUCTION IN COLOMBIA 2,175 BOE/D.

EnQuest Says Neil McCulloch To Step Down As Chief Operating Officer

2:00am EST

Dec 11 (Reuters) - Enquest Plc ::‍DIRECTORATE CHANGE​.NEIL MCCULLOCH IS STEPPING DOWN TODAY AS CHIEF OPERATING OFFICER AND EXECUTIVE DIRECTOR OF ENQUEST PLC BY MUTUAL AGREEMENT​.

Premier Oil Says To Sell Entire Equity Interest In Esmond Transportation System Pipeline

2:00am EST

Dec 11 (Reuters) - Premier Oil Plc ::HAS ENTERED INTO A SALE AND PURCHASE AGREEMENT TO SELL ITS ENTIRE EQUITY INTEREST IN ESMOND TRANSPORTATION SYSTEM ("ETS") PIPELINE TO CATS MANAGEMENT LIMITED​.‍PREMIER WILL RECEIVE CASH CONSIDERATION OF UP TO £23.6 MILLION ($31.6 MILLION) FOR ITS ENTIRE 30 PER CENT INTEREST IN ETS​.‍EFFECTIVE DATE OF SALE IS 1 JANUARY 2017​.‍PREMIER EXPECTS SALE TO COMPLETE IN 1H 2018​.

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