Marathon Oil to buy Permian acreage for $1.1 billion

Marathon Oil Corp. has agreed to acquire 70,000 net surface acres in the Permian basin from BC Operating Inc., Midland, Tex., and other entities for $1.1 billion in cash. Source: News


ExxonMobil to acquire interest in Mozambique Area 4 from Eni

ExxonMobil Corp. and Eni SPA have signed a sale and purchase agreement to enable ExxonMobil to acquire from Eni a 25% indirect interest in the natural gas-rich Area 4 block offshore Mozambique. Source: News


Premier Oil lets contract for subsea work offshore Indonesia

Premier Oil PLC has let a contract to Global energy service provider Proserv for the supply of a subsea control system for the Bison-Iguana-Gajah Puteri field development in the Natuna Sea offshore Indonesia. Source: News


IPAA official urges White House to choose new FERC, PHMSA leaders

Noting that she appreciates the Trump administration’s more favorable attitude toward US oil and gas producers than its immediate predecessor’s, an Independent Petroleum Association of America official called on the White House to promptly fill leadership vacancies at two key federal energy transportation regulatory agencies. Source: News