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Oil price, Lamprell, And finally...

Oil price A predictably quiet day on world oil markets with the US closed for Thanksgiving. Poor Chinese economic data pushed prices down somewhat and has done so again this morning but crude looks destined to have an up week, albeit modestly. This day last year the S ...
West Europe | Friday, November 27, 2015

InfraStrata provides Islandmagee gas storage project update; 2015 work programme completed

InfraStrata plc (AIM:INFA), the independent petroleum exploration and gas storage company, is pleased to provide an update on its Islandmagee gas storage project. In the Company's update announcement on 4 September on the 2015 programme of work, InfraStrata confirmed t ...
West Europe | Friday, November 27, 2015

Lamprell announces trading update

Lamprell (ticker: LAM), a leading provider of fabrication, engineering and contracting services to the energy industry, issues the following trading update for the period from 27 August 2015 to date. The Group continues to deliver strong operational performance across ...
West Europe | Friday, November 27, 2015

FAR Ltd. receives Presidential Decree confirming Senegal PSC extension

FAR Ltd, (ASX:FAR) a member of the Senegal Joint Venture, has received a Presidential decree extending the current Petroleum Sharing Contract (PSC) by the requested three years starting from 6 February, 2016. This extension allows the Joint Venture time to appraise the ...
Africa | Friday, November 27, 2015

Thursday, November 26, 2015

Striker Exploration announces results for the third quarter 2015

Striker Exploration Corp. (TSX VENTURE:SKX) is pleased to announce our operating and financial results for the three and nine months ended September 30, 2015 along with an operational update. HIGHLIGHTS Striker continues to focus capital on drilling and acquisition ac ...
North America | Thursday, November 26, 2015

Crown Point Energy announces third quarter 2015 results

Crown Point Energy Inc. (TSX VENTURE:CWV) today announced its operating and financial results for the three and nine months ended September 30, 2015. Argentine Election On November 22, 2015, Mauricio Macri, the former mayor of Buenos Aires, won the presidential runoff ...
South America | Thursday, November 26, 2015

Oil price, Velocys, Sundry-Ophir-Genel-Wood Group-Nighthawk- And finally...

Oil price Oil traded fairly quietly and was headed for a down day with WTI touching $41.72 and Brent $45.03 when the EIA stats and the earlier than usual rig count data came to the rescue. The EIA inventory number was still a build but only of 961/- barrels whereas the ...
North America | Thursday, November 26, 2015

Cooper Energy announces Contingent Resource Upgrade at the Sole Field

Cooper Energy Limited (ASX: COE) announces that it has upgraded its net 2C Contingent Resource estimate in the Sole field to 121 PJ following reinterpretation of the results of special core analysis of the reservoir section in the Sole-2 well in VIC/RL3 in the Gippsland ...
Australasia | Thursday, November 26, 2015

Oil Jobs Lost: 250,000 And Counting, Texas Likely To See Massive Layoffs Soon

Crude oil just capped off a third straight week of declines, as WTI nears the $40 per barrel threshold. Goldman Sachs is once again raising the possibility of oil dipping into the $20s per barrel. That spells more pain for the energy sector. Many companies have already ...
North America | Thursday, November 26, 2015

Hardy Oil & Gas reports results for the six months ended 30 September 2015

Hardy Oil and Gas plc (LSE: HDY), the oil and gas exploration and production company focused in India, reports its results for the six months ended 30 September 2015. All financial amounts are stated in US dollars unless otherwise indicated. Summary PY-3 - a Managemen ...
Asia Far East | Thursday, November 26, 2015

Autumn Statement and Spending Review - Oil & Gas UK Reaction

Following Chancellor George Osborne's Autumn Statement and Spending Review, Mike Tholen, Oil & Gas UK's economics director, commented: 'Since the last Budget, the oil price has declined further, and we must continue to do as much as we can to help boost confidence and ...
West Europe | Thursday, November 26, 2015

Wood Group wins $90 million contract in Iraq

Wood Group has won a new contract worth approximately $90 million to deliver services to one of the world's leading blue-chip international oil companies (IOC) in Iraq. Wood Group PSN (WGPSN) will provide project management for an onshore facility under the three year c ...
Middle East | Thursday, November 26, 2015

Gazprom Board of Directors addresses evolution of global shale gas industry

The Gazprom Board of Directors took notice of the information about the results of monitoring the shale gas industry evolution around the world. It was pointed out that nowadays the proven shale gas reserves across the globe were estimated at about five trillion cubic ...
Russia FSU | Thursday, November 26, 2015

Wednesday, November 25, 2015

This Is The Only US Shale Play Doing What It's Supposed To

Oil bulls are hoping every shale play in the US pulls-'An Eagle Ford' But it hasn't worked out that way-so far, the Eagle Ford is unique. What I mean by that's the only Big Shale Formation in the US where oil production really is collapsing like The Market expec ...
North America | Wednesday, November 25, 2015

Madalena Energy announces third quarter 2015 results

Madalena Energy Inc. (TSXV: MVN and OTCQX: MDLNF) is pleased to announce its financial and operating results for the three and nine months ended September 30, 2015. Unless otherwise indicated, all numbers are expressed in Canadian dollars. THIRD QUARTER 2015 HIGHLIGHTS ...
North America | Wednesday, November 25, 2015

Cardinal Energy Group awarded partial default judgement in lawsuit

Cardinal Energy Group, Inc. (OTCQB: CEGX) reports that the Company has been awarded a partial default judgement on August 5, 2015 based on a lawsuit it filed in the District Court of Shackelford County, Texas, 259th Judicial District, against HLA Interests, LLC, Phillip ...
North America | Wednesday, November 25, 2015
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