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Monday, April 27, 2015

Bakken Oil Production Is Already Declining, But Is It About To Crash?

Bakken oil production has already declined in 2015. There is compelling evidence that this decline is going to accelerate significantly in the next couple of months. If that happens the recovery we have seen in oil prices in recent weeks is also going accelerate. Bein ...
North America | Monday, April 27, 2015

Saipem announces first quarter 2015 results

The Board of Directors of Saipem S.p.A. today approved Saipem Group's Interim Report as at March 31, 2015 (not subject to audit). First quarter 2015: Revenues: €3,020 million (€2,891 million in the first quarter of 2014) EBIT: €159 million (€127 mil ...
East Europe | Monday, April 27, 2015

Surge Energy announces continued expansion of crude oil discovery at Shaunovan, Saskatchewan

Surge Energy Inc. (TSX: SGY) announces that its previously disclosed Upper Shaunavon crude oil discovery in SW Saskatchewan is continuing to expand with excellent on-going delineation drilling results. Surge now believes that this high quality, conventional sandstone po ...
North America | Monday, April 27, 2015

Floating LNG regasification is used to meet rising natural gas demand in smaller markets

Floating regasification is a flexible, cost-effective way to receive and process shipments of liquefied natural gas (LNG). Floating regasification is increasingly being used to meet natural gas demand in smaller markets, or as a temporary solution until onshore regasif ...
North America | Monday, April 27, 2015

TORC Oil & Gas announces strategic acquisition in southeast Saskatchewan

TORC Oil & Gas Ltd. (TSX:TOG) announces that it has entered into an agreement to acquire high quality, light oil assets which are complementary to TORC's existing assets in southeast Saskatchewan. The strategic acquisition includes 4,750 boepd (~98% light oil and liquid ...
North America | Monday, April 27, 2015

Toro Oil & Gas files year-end 2014 results

Toro Oil & Gas Ltd. (TSX VENTURE:TOO) announces that it filed its financial and operating results for the fourth quarter and year ended December 31, 2014 with the Canadian Securities Administrators. Message from the President Fellow stakeholders, in my inaugural messa ...
North America | Monday, April 27, 2015

Oil price, Kosmos, Tullow, Falklands well, Sundry-BP-majors results-FT- And finally...

Oil price Last week saw a slight shift in favour of Brent over WTI, the former ending up gaining $1.83 and the latter losing 17c over the period. It pushed the differential back over $8 mainly due to another set of poor inventory stats which showed yet another build at ...
West Europe | Monday, April 27, 2015

INPEX acquires participating interest in ADCO onshore concession

INPEX Corporation announced today that it has acquired a 5% participating interest in the ADCO Onshore Concession in Abu Dhabi. The acquisition is based on a 40-year agreement with the Supreme Petroleum Council of the Emirate of Abu Dhabi and the Abu Dhabi National Oil ...
Middle East | Monday, April 27, 2015

The significance of the physical and the benefits of oil barrels: Petrodollars

Ned Molloy explains the benefits of having ownership of physical barrels — and how companies that do so are still competing in trading with those armed only with information — in this week's Oilgram News column, Petrodollars. In the crude oil trading world, ...
West Europe | Monday, April 27, 2015

Falcon Crest Energy searches for opportunities outside oil and gas sector

Falcon Crest Energy, Inc. (OTC: FCEN), a development stage oil and gas exploration and production company, today affirms the desire to look into diversification of its business strategy. 'With oil and gas prices as low as they have been in the past six months, it has m ...
North America | Monday, April 27, 2015

Rockdale Resources signs LOI to acquire working interest in a historical Oklahoma oil field

Rockdale Resources Corporation (OTCQB: BBLSE), announces the signing of a Letter of Intent with Houston based SUDS Properties, LLC, whereby Rockdale will acquire up to a 50% undivided Working Interest in the historic 2,600 acre Slick Unit Dutcher Sands field, located in ...
North America | Monday, April 27, 2015

Nostra Terra Oil & Gas begins expansion in South Texas with acquisition of 1% working interest in 20,000 acre prospect

Nostra Terra (AIM:NTOG), the oil and gas exploration and production company with a growing portfolio of assets in the USA, is pleased to announce the acquisition of a 1% working interest in a 20,000 acre prospect in South Texas. Highlights: Initial well already spud Sh ...
North America | Monday, April 27, 2015

Petroceltic announces award of rig contract for the Ain Tsila project to SINOPEC

Petroceltic International plc (AIM: PCI), the oil and gas exploration, development and production company focused on the Middle East, North Africa and the Mediterranean region, is pleased to announce the award of a contract for the provision of a drilling rig between Gr ...
North Africa | Monday, April 27, 2015

Friday, April 24, 2015

Overview of Our Energy Modeling Problem

We live in a world with limits, yet our economy needs growth. How can we expect this scenario to play out? My view is that this problem will play out as a fairly near-term financial problem, with low oil prices leading to a fall in oil production. But not everyone comes ...
North America | Friday, April 24, 2015

EIA report highlights top 100 U.S. oil and natural gas fields

The top 100 oil fields in the United States accounted for 20.6 billion barrels of crude oil and lease condensate proved reserves, or 56% of the U.S. total in 2013. The top 100 natural gas fields accounted for 239.7 trillion cubic feet of natural gas proved reserves, 68 ...
North America | Friday, April 24, 2015

Cabot Oil & Gas announces first quarter financial and operating results and amendment to credit facility

Cabot Oil & Gas Corporation (NYSE: COG) today reported its financial and operating results for the first quarter of 2015. Highlights for the quarter when compared to the first quarter of 2014 include: Production of 171.4 billion cubic feet equivalent (Bcfe), an increase ...
North America | Friday, April 24, 2015
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