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Fortuna Resources LLC Partners with Och-Ziff Affiliates to Pursue Oil and Gas Acquisition and Development Opportunities | PRN Newswire | Oil Country Media

HOUSTON, May 16, 2016 /PRNewswire/ —  Fortuna Resources Holdings, LLC (“Fortuna”) announced that certain affiliates of Och-Ziff Capital Management Group LLC (NYSE: OZM) (“Och-Ziff”) have committed $75 million to Fortuna, with an option to increase to $150 million. The investment is focused on expanding Fortuna’s activities in the West Texas Permian Basin and related areas through acreage and asset acquisitions and […]

Read More Fortuna Resources LLC Partners with Och-Ziff Affiliates to Pursue Oil and Gas Acquisition and Development Opportunities | PRN Newswire | Oil Country Media
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RRC: Drilling permits continue to rise in Midland region, across the state – Midland Reporter-Telegram

The Midland district dominated in August when it came to drilling permits, new oil completions and new gas completions, according to the Railroad Commission of Texas. The RRC reported the region – 8 – accounted for 55.9 percent of the 377 drilling permits in the state. The 211 in the Midland district was 176 more […]

Read More RRC: Drilling permits continue to rise in Midland region, across the state – Midland Reporter-Telegram

Oil companies idle production as U.S. Gulf Coast braces for hurricane | Reuters

HOUSTON (Reuters) – Offshore platforms and one refinery along the U.S. Gulf Coast shut down on Sunday as they prepared for a second hurricane strike in less than a month. Phillips 66 PSX.N began shutting its 255,600 barrel-per-day (bpd) Alliance, Louisiana, refinery as Tropical Storm Sally was forecast to pass just west of the plant, 24 miles […]

Read More Oil companies idle production as U.S. Gulf Coast braces for hurricane | Reuters

New Analysis Shows Gulf Coast States Among Hardest Hit by Proposal to Ban Federal Leasing and Offshore Development – TXOGA

Ban Would Jeopardize Over 200,000 Gulf Coast Jobs, Millions in Revenue for States September 9, 2020 AUSTIN – The Texas Oil and Gas Association (TXOGA), Louisiana Mid-Continent Oil and Gas Association (LMOGA) and the American Petroleum Institute (API) today released a new analysis warning of negative consequences from a proposed ban on federal leasing on natural […]

Read More New Analysis Shows Gulf Coast States Among Hardest Hit by Proposal to Ban Federal Leasing and Offshore Development – TXOGA
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AG Jennings announces suit to hold Exxon, American Petroleum Institute, 29 others accountable for climate change costs – State of Delaware News

Claims include Negligent Failure to Warn, Trespass, Nuisance and Consumer Fraud Act violations Attorney General Kathy Jennings announced Thursday that Delaware is suing 31 fossil fuel companies on behalf of the state’s residents and businesses to hold them accountable for decades of deception about the role their products play in causing climate change, the harm […]

Read More AG Jennings announces suit to hold Exxon, American Petroleum Institute, 29 others accountable for climate change costs – State of Delaware News
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Trump extends Florida offshore drilling pause, expands it to Georgia, South Carolina | TheHill

President Trump on Tuesday moved to block oil and gas drilling off the coasts of Florida, Georgia and South Carolina until mid-2032, a decade longer than drilling is currently delayed off Florida’s Gulf Coast.  “I will sign a presidential order extending the moratorium on offshore drilling on Florida’s Gulf Coast and expanding it to Florida’s Atlantic […]

Read More Trump extends Florida offshore drilling pause, expands it to Georgia, South Carolina | TheHill

Hurricane Laura has minimal impact on Calcasieu Pass LNG – Offshore Energy

The company noted that the hurricane made landfall in Louisiana early in the morning of Thursday, August 27, and passed directly over the project site. A walk-through inspection of most areas of the site following the storm confirmed that the project site’s robust storm protection system, including a perimeter wall and storm water pumping system, […]

Read More Hurricane Laura has minimal impact on Calcasieu Pass LNG – Offshore Energy

Offshore oil and gas production is crimped by Gulf storms | AP News

Offshore oil and gas production is crimped by Gulf storms By DAVID KOENIG August 23, 2020 Oil and gas production in the Gulf of Mexico was slowed Sunday by the approach of two storms that led companies to remove workers from more than 100 offshore platforms. The Interior Department said that based on company reports […]

Read More Offshore oil and gas production is crimped by Gulf storms | AP News

Lilis Energy to pursue sale process | Oil & Gas Journal

OGJ editors Aug 17th, 2020 Lilis Energy will pursue a process to sell substantially all of its assets in accordance with a restructuring support agreement after certain investment funds and entities affiliated with Värde Partners declined to pursue a new money investment. Lilis Energy Inc., Fort Worth, will pursue a process to sell substantially all […]

Read More Lilis Energy to pursue sale process | Oil & Gas Journal