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Junex Inc., Quebec City, and privately held Cuda Energy Inc., Calgary, have agreed to merge in a deal related to the acquisition of a 27.75% interest in 25,000 gross acres in the Barron Flats (Deep) Unit in Wyoming.

 

ExxonMobil Corp. has started drilling the first of 17 planned wells of Liza Phase 1 development offshore Guyana with production startup expected in 2020.

Indian Essar Oil Ltd. has been renamed Nayara Energy Ltd. The company operates the 400,000-b/d Vadinar refinery in Gujarat and a retail network with about 4,500 service stations.

 

Light, sweet crude oil prices rose slightly on the New York market June 12 to remain above $66/bbl while Brent crude oil prices fell in London but held above $75/bbl. The International Energy Agency said June 13 that it expects world oil demand to remain brisk. 

Permian basin oil production is forecast to reach 5.4 million b/d by 2023—more than current production from any single Organization of Petroleum Exporting Countries member other than Saudi Arabia, IHS Markit said in a new report.

 

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RT @AnteroResources: Don't forget – our 3rd annual oil and gas dodgeball tournament is on June 15! Proceeds benefit Patrons of the Parks an…

RT @energizeWV: “The Cheat River is a beautiful river and one that stood out to us as a place that we could make a positive impact," Rowlan…