With a projected 2018 capital expenditures program of $1.975-2.375 billion and adjusted for asset sales, Chesapeake Energy Corp., Oklahoma City, expects total 2018 production to increase 3% year-over-year and oil volumes to rise 5% compared with 2017 levels.
Anadarko Petroleum Corp. reported that Mozambique LNG1 Co. Pte. Ltd.—the jointly owned sales entity of the Mozambique Area 1 Lda. coventurers—has entered into a long-term LNG sale and purchase agreement with Electricite de France SA. The offtake agreement calls for the supply of 1.2 million tonnes/year of LNG to EDF over 15 years.
US Sen. Ted Cruz called for a cap on the price of renewable identification numbers to halt speculation and preserve jobs at refineries. “We’re here because the jobs, and the men and women whose livelihoods and families depend on those jobs, are at risk from a broken government regulation system that isn’t working, and that […]
Light, sweet crude oil prices fell slightly on the New York market Feb. 21 and continued falling in early Feb. 22 trading on mixed expectations about whether US oil supply levels rose or fell last week.
SDX Energy Inc. anticipates spudding the Ibn Yunus-1X exploration well at South Disouq, Egypt, in mid-March. In addition to the North West Gemsa, Meseda, and South Disouq concessions in Egypt, SDX is active in Morocco in the Lalla Mimouna, Sebou, Gharb Center concessions.
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