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The Regulation of Commodity Markets: Part One

Commodity markets have been caught in the cross fire of the battle, declared at the 2008 G20 [1] Finance Ministers' Summit, to restore global growth, strengthen the international financial system and reform international financial institutions following the banking cris ...
West Europe | Wednesday, August 31, 2016

Misen Energy announces interim results for second quarter 2016

Summary of results: Renewed investment program in 2015 has resulted in stable production during the first half of 2016. During the first half of 2016 Misen faced lower sales prices combined with increased sub-soil charges and continuously weakening Ukrainian currency, w ...
Russia FSU | Wednesday, August 31, 2016

Oil price, Sound Energy, Petrofac, Lamprell, Range Resources, Sundry-GKP-Providence- And finally...

Oil price Time flies as they say, it was 37 years ago this week that I started with the mighty firm of Wood Mackenzie, getting off the overnight sleeper and making my way to Queen Street in Edinburgh. With that sort of start in an oil team filled with talented, fun peo ...
West Europe | Wednesday, August 31, 2016

Wood Group wins new framework agreement in with Wintershall Norge AS

Wood Group has been awarded a new frame agreement by Wintershall Norge AS to tender for provision of modification and maintenance services to assets in the Norwegian continental shelf (NCS). The four year frame agreement, which has two three-year extension options and ...
West Europe | Wednesday, August 31, 2016

Providence Resources provides update on FEL 2/14, Southern Porcupine Basin

Providence Resources P.l.c. (PVR LN, PRP ID), the Irish based Oil and Gas Exploration Company, today provides an update on Frontier Exploration Licence ('FEL') 2/14, which lies in c. 2,250 metre water depth in the southern Porcupine Basin and is located c. 220 kilometre ...
West Europe | Wednesday, August 31, 2016

Gulf Marine Services announces second quarter 2016 results

Gulf Marine Services (LSE:GMS), the leading provider of advanced self-propelled self-elevating support vessels (SESVs) serving the offshore oil, gas and renewable energy sectors, today announces its interim results for the six months ended 30 June 2016. Financial Highl ...
West Europe | Wednesday, August 31, 2016

Tuesday, August 30, 2016

Shell divests Gulf Of Mexico assets for $425 million plus royalty interests

Royal Dutch Shell plc, through its affiliate Shell Offshore Inc. (Shell), today announces it has an agreement to sell 100 percent of its record title interest in Gulf of Mexico Green Canyon Blocks 114, 158, 202 and 248, referred to as the Brutus/Glider assets, to EnVen ...
North America | Tuesday, August 30, 2016

Athabasca Oil Corporation receives $139 million from Brion Energy

Athabasca Oil Corporation (TSX:ATH) announces that it has received payment of $139 million from Phoenix Energy Holdings Limited (now Brion Energy Corporation, 'Brion'), being the principal and interest payable under the final promissory note issued to the Company by Bri ...
North America | Tuesday, August 30, 2016

Cordy Oilfield Services releases second quarter 2016 results

CORDY OILFIELD SERVICES INC. (TSX VENTURE:CKK) released today its second quarter 2016 results. SECOND QUARTER ENDED JUNE 30, 2016 For the six month period ended June 30, 2016, Cordy's consolidated revenues decreased by $8.3 million, from the comparative period in 2015 ...
North America | Tuesday, August 30, 2016

Marquee Energy announces second quarter 2016 results

Marquee Energy Ltd. (TSX VENTURE: MQL) announces its second quarter financial and operational results for the three and six months ended June 30, 2016. SECOND QUARTER OPERATIONAL AND FINANCIAL HIGHLIGHTS Realized operating netbacks before hedging of $2.3 million, a 300 ...
North America | Tuesday, August 30, 2016

Bell Geospace and Onyx Engineering awarded FTG contract by Petronas

Bell Geospace, the world leader in Gravity Gradiometry, together with Onyx Engineering, has been awarded a contract by multinational exploration business, Petroliam Nasional Berhad (PETRONAS). The contract, for 3D multi-client Full Tensor Gradiometry (FTG) data acquisi ...
Asia Far East | Tuesday, August 30, 2016

Statoil and Petrobras strengthen strategic partnership in Brazil

Statoil and Petrobras took a step forward in strengthening their cooperation in Brazil by signing a Memorandum of Understanding (MoU). The intention of the MoU is to evaluate joint participation in future tenders for exploration areas and to increase upstream collabora ...
South America | Tuesday, August 30, 2016

KazMunaiGas announces positive result from the Supreme Court on the 2006-2008 tax audit appeal

JSC KazMunaiGas Exploration Production is pleased to announce that in accordance with the decision of the Supreme Court of the Republic of Kazakhstan, the 2006-2008 tax charge has been reduced by 5.4 billion Tenge from 12.2 billion Tenge. This amount will be recorded as ...
Russia FSU | Tuesday, August 30, 2016

Nostrum Oil & Gas announces first-half 2016 results

Nostrum Oil & Gas PLC (LSE: NOG), an independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin, today announces its results in respect of the six months ended 30 June 2016. Financial highlights from ...
Russia FSU | Tuesday, August 30, 2016

Wood Group awarded engineering framework agreement with Dong Energy

Wood Group has been awarded a new engineering services framework agreement by DONG Energy, to support their oil & gas assets across the Danish, Norwegian and UK continental shelves. Front end development, maintenance and modifications, engineering, and late life and de ...
West Europe | Tuesday, August 30, 2016

Statoil: Gullfaks ahead of schedule and under budget

Gullfaks Rimfaksdalen (GRD) was scheduled for start-up on Christmas Eve this year, but the project has worked faster and now the field is on stream - at lower costs than planned. 'I am pleased to see that the project starts up four months ahead of plan, demonstrating g ...
West Europe | Tuesday, August 30, 2016
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