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  • China ‘set for shale gas revolution’

    Expected hike in gas demand is driving country to develop own resources, but LNG and pipeline imports to continue

    Online  upstreamonline.com 17 Sep 14:13 GMT Eoin O'Cinneide

    Warburg splashes $500m on Tall City

    Private equity firm provides equity line to Permian basin pure-play

    Online  upstreamonline.com 17 Sep 11:35 GMT Caroline Evans

    Permian players pitch in with record bids

    New Mexico lease offering draws in highest amount of revenues for any sale of its kind

    Weekly  upstreamonline.com 13 Sep 22:00 GMT Kathrine Schmidt

    Pioneer clinches sand deal with US Silica

    Pioneer Natural Resources has signed a deal with US Silica to take a stake in its sand mine in Lamesa, Texas, locking up supplies of the shale play commodity for a 15-year period. The US independent said it expects to start taking in sand volumes in the first quarter of 2019 with a supply of about 1.4 million tonnes per annum. That level is expected to rise to 2 million tpa in 2020 and beyond. F

    Weekly  upstreamonline.com 13 Sep 22:00 GMT Global Mediator

    Velvet smoothes out Iron Bridge takeover

    Montney-focused Iron Bridge Resources has agreed a takeover by fellow Canadian player Velvet Energy after the rival agreed to sweeten its offer to shareholders, writes Caroline Evans. Velvet raised its offer for outstanding shares of Iron Bridge from the original 75 Canadian cents to 84.5 Canadian cents each, for total cash consideration of C$142 million (US$108 million). Iron Bridge threw its s

    Weekly  upstreamonline.com 13 Sep 22:00 GMT Global Mediator

    SandRidge Energy rejects more than two dozen offers from suitors

    US independent SandRidge Energy has thrown out more than two dozen offers to purchase the company or a portion of its properties and will move forward with developing its assets, writes Caroline Evans. The company, which has assets in the north-west Stack and Mississippi Lime of Oklahoma and the North Park basin of Colorado, said all of the bids undervalued the company and its properties. “When

    Weekly  upstreamonline.com 13 Sep 22:00 GMT Caroline Evans

    DGO looks to cast Appalachian net again

    Diversified Gas & Oil (DGO) is considering further asset acquisitions in the core Appalachian shale basin in the US after the UK-listed player posted a steady profit on increased revenues. “The window for further mergers and acquisition opportunities in the Appalachian basin remains open, and the company continues to review value accretive acquisitions in line with its proven growth strategy,” th

    Weekly  upstreamonline.com 13 Sep 22:00 GMT Eoin O'Cinneide

    Shale takes breather as offshore recovers

    Falling local oil prices and production issues in the prolific Permian basin in the US have caused service giants such as Halliburton to warn of a potential impact on profits in the short term. However, the bad news onshore is being leavened by predictions that offshore drilling is poised to bounce back strongly. The red flag onshore is being waved due to pipeline constraints and rising inflati

    Weekly  upstreamonline.com 13 Sep 22:00 GMT Editorial

    Permian players should pay heed to US Gulf tales

    There have been signs in recent weeks that the Permian basin in the US has started to hit a few speed bumps, as takeaway capacity from pipelines puts a damper on output growth. However, the US federal lease sale in New Mexico last week showed the play has plenty of running room left, raking in nearly $1 billion over the two-day event, with per-acre values shattering records to top out at $95,001.

    Weekly  upstreamonline.com 13 Sep 22:00 GMT Kathrine Schmidt

    EPA starts methane rollback

    US President Donald Trump’s administration has officially started the process of cutting rules aimed to reduce methane emissions at new onshore oil and gas sites, writes Caroline Evans. The US Environmental Protection Agency (EPA) published a proposal this week that would gut the rules, which were finalised in 2016, during the last days of the previous administration of president Barack Obama. H

    Weekly  upstreamonline.com 13 Sep 22:00 GMT Caroline Evans