Upstream oil and gas M&A and capital raising values totaled $47.9bn in Q4 2018 #OilmanNEWS Oil and Gas News Upstream 

Upstream Oil and Gas M&A and Capital Raising Values Totaled $47.9 Billion in Q4 2018

A total of 305 deals with a combined value of US$47.9bn were registered in the upstream oil and gas industry in Q4 2018, according to GlobalData, a leading data and analytics company. Of the total value, US$27.3bn was registered in mergers and acquisitions (M&A) in Q4 2018, representing a significant decrease of 41 percent from the US$46.2bn in M&A deals… Read More
Midstream oil and gas M&A values declined 59% in Q4 2018 #OilmanNEWS Midstream Oil and Gas News 

Midstream Oil and Gas M&A Values Declined 59 Percent in Q4 2018

A total of 71 M&A deals with a combined value of US$38.7bn were registered in the midstream oil and gas industry in Q4 2018, according to GlobalData, a leading data and analytics company. Of the total M&A deals, 44 deals, with a combined value of US$28.5bn were domestic acquisitions. The remaining 27, with a combined value of US$10.3bn, were cross-border… Read More
New upstream project startups set to soar in Europe from 2018 lows #OilmanNEWS Oil and Gas News 

New Upstream Project Startups Set to Soar in Europe From 2018 Lows

Entering into 2019, the global oil and gas industry remains cautiously optimistic as recovering oil prices have boosted companies’ profits and a rebound in new projects is expected. An increase in European greenfield startups is expected in 2019 as companies leverage infrastructure to commercialize small fields in the region, says GlobalData, a leading data and analytics company. The company’s latest… Read More
MFG Chemical Names Darin Gyomory Chief Financial Officer #OilmanNEWS Oil and Gas News Press Release 

MFG Chemical Names Darin Gyomory Chief Financial Officer

Dalton, GA  – MFG Chemical, a global leader in specialty and custom chemical manufacturing, has named Darin Gyomory to the position of Chief Financial Officer. Mr. Gyomory comes to MFG Chemical with 25 years of experience having served previously as CFO of WL Plastics (INEOS), Scepter Inc., and Area Controller at Dean Foods. Darin graduated Magna Cum Laude from Northwood… Read More
McConnell Named Director, Robert M. Zinke Energy Management Program, at OU’s Price College of Business #OilmanNEWS Oil and Gas News Oklahoma Press Release 

McConnell Named Director, Robert M. Zinke Energy Management Program, at OU’s Price College of Business

Norman, Okla. – Mike McConnell, an energy professional with more than 30 years of leadership experience, has been named the new director of the Robert M. Zinke Energy Management Program in the Michael F. Price College of Business at the University of Oklahoma. McConnell will take the reins beginning June 1, following longtime director Steve Long’s retirement. Long has served… Read More
Venezuela’s economy, oil production, government in trouble Alex Mills Contributors Oil and Gas News 

Venezuela’s Economy, Oil Production, Government in Trouble

Venezuela’s socialist government has been on a downhill slide for years. This week the U.S. sanctioned state-owned oil and natural gas company Petròleos de Venezuela, S.A. (PdVSA) and its central bank. Oil production, Venezuela’s primary cash producer, has steadily declined during the past 10 years resulting in foreign partners continuing to cut activities in the oil sector. With Venezuela’s heavy… Read More
Latest Oil Sands Technologies Propel Canada as the World’s Fourth Largest Producer of Crude Oil in 2018 #OilmanNEWS Oil and Gas News 

Latest Oil Sands Technologies Propel Canada as the World’s Fourth Largest Producer of Crude Oil in 2018

Due to rapid technological developments in the exploration and production of oil sands, Canada has emerged as the world’s fourth largest producer of crude oil, behind the US, Russia and Saudi Arabia in 2018. However, chronic midstream infrastructure bottlenecks and low price environment can limit the progress of the oil and gas industry, says GlobalData, a leading data and analytics… Read More
Routine Maintenance Is More Important Than Ever #OilmanNEWS Oil and Gas News 

Routine Maintenance Is More Important Than Ever

The oil and gas drilling environment is inherently dangerous, and despite the safeguards put into place in every company, lethal accidents continue to occur. Most recently, OSHA cited and fined a company in Quinton, Oklahoma, following the tragic deaths of 5 rig workers. Crucially, they noted maintenance problems of the well contributed to the outcome. Maintenance, including cleaning, can be a matter… Read More
Davis Refinery Permit to Construct Upheld by North Dakota District Judge #OilmanNEWS Oil and Gas News Press Release 

Davis Refinery Permit to Construct Upheld by North Dakota District Judge

BELFIELD, N.D., – Meridian Energy Group, Inc., the emerging growth refining firm and leading innovator in advanced technology and environmentally-beneficial full-conversion petroleum processing facilities, announced today that a North Dakota District Court has upheld the Permit to Construct (“PTC”) for the Davis Refinery that was issued on June 13th, 2018 as a Synthetic Minor Source. The PTC issued by the North Dakota Department… Read More
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