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The OPEC 'Deal': What It Really Means

THE OPEC decision to cut oil production for the first time since 2008, if indeed it does amount to a real cut in production, could end up being self-defeating. As I discussed last month, US shale oil production efficiency continues to go quite literally through the roo ...
Middle East | Friday, September 30, 2016

Coor consolidates positioning in the Norwegian oil and gas industry

Coor has signed new and extended Integrated Facility Management contracts with two oil service companies in Norway. The total estimated yearly value of these agreements is some NOK 40 m. Coor has extended and signed new Integrated Facility Management (IFM) contracts wi ...
West Europe | Friday, September 30, 2016

Premier Oil to exit Bagpuss joint venture, announces North Sea Energy

North Sea Energy Inc. (TSX VENTURE:NUK) announces that Premier Oil UK Limited have informed the Bagpuss joint-venture ('JV') partnership that they are resigning as Operator of the Bagpuss joint-venture (Licence P.1943) with the effective date of December 31, 2016. Premi ...
West Europe | Friday, September 30, 2016

Manitok Energy announces asset acquisition

Manitok Energy Inc. (TSX VENTURE:MEI) is pleased to announce that it has entered into an asset purchase agreement with an Alberta based private oil and gas company to acquire certain assets that averaged 1,934 boe/d 32% light oil and NGLs) of production in the second qu ...
North America | Friday, September 30, 2016

RockBridge Resources provides company update

RockBridge Resources Inc. (TSXV symbol: RBE) provides this update on its current operations and its ongoing plans. As previously announced on June 6, 2016, the Company sold its Alberta subsidiary to 1077398 B.C. Ltd. and has now recently sold several of its smaller pro ...
North America | Friday, September 30, 2016

Oil price, IGas, Independent Oil & Gas, Sundry-Genel-Tullow- And finally...

Oil price With Brent expiring at the close of business tonight there was little incentive to push it through 50 bucks yesterday and sure enough it peaked at $49.81 and drifted off to the close. Given that the so called Opec agreement has more holes in it than a colland ...
West Europe | Friday, September 30, 2016


President Energy announces interim results for first half of 2016

President (AIM:PPC), the oil and gas exploration and production company with producing assets in Argentina and Louisiana and an exploration focus on Argentina and Paraguay announces its interim results for the six months ended 30 June 2016. Operation Summary Argentina ...
South America | Friday, September 30, 2016

Hague and London Oil announces results for the first half of 2016

Hague and London Oil PLC (AIM: HNL) is pleased to announce its unaudited interim results for the half-year ended 30 June 2016. Highlights Strategic Strategy redefined and portfolio restructured to adapt to current markets Higher risk assets being spun off into 49% own ...
West Europe | Friday, September 30, 2016

Nighthawk Energy annnounces results for the first half of 2016

Nighthawk, the US focused oil development and production company (AIM: HAWK and OTCQX: NHEGY), announces its unaudited interim results for the six months ended 30 June 2016. First half 2016 Operational Highlights Oil sales volumes lower than six months ended 30 June 20 ...
North America | Friday, September 30, 2016

San Leon Energy announces interim results for the firs thalf of 2016

San Leon Energy, the AIM listed company focused on oil and gas development and appraisal in Africa and Europe, today announces its interim results for the six months ended 30 June 2016, and provides an update on its interest in the OML 18 block, onshore Nigeria. Highli ...
Africa | Friday, September 30, 2016

Frontera Resources releases financial results for the first half of 2016

Frontera Resources Corporation (London Stock Exchange, AIM Market - Symbol: FRR), an independent oil and gas exploration and production company, today releases its financial results for the first half of 2016. Highlights Revenues from exploration pilot oil and gas prod ...
Russia FSU | Friday, September 30, 2016

Independent Oil and Gas announces interim results for the first half of 2016

Independent Oil and Gas plc (AIM: IOG.L), the North Sea focused Oil and Gas Company, announces its interim results for the six-month period ended 30 June 2016. Highlights for the period to 30 June: £10 million secured convertible loan signed with London Oil and G ...
West Europe | Friday, September 30, 2016

Serica Energy announces interim results for the first half of 2016

Serica Energy plc (AIM: SQZ) announces its interim financial results for the six months ended 30 June 2016. Highlights: UK North Sea Erskine Field Strong production in January-February averaging over 3,200 boepd net. Production then interrupted by blockage in downstre ...
West Europe | Friday, September 30, 2016

Tullow Oil provides Jubilee turret insurance update

Tullow Oil is pleased to announce that it has received confirmation from its Lead Insurers that they accept there is a recoverable claim with respect to the Group's corporate policy for Business Interruption insurance following damage to the Jubilee turret bearing earli ...
Africa | Friday, September 30, 2016

Thursday, September 29, 2016

Gulf Keystone receives $15 million payment for Shaikan crude oil exports

Gulf Keystone confirms today that a gross payment of $15.0 million has been received from the Kurdistan Regional Government ('KRG') for Shaikan crude oil export sales in July 2016. Gulf Keystone and the KRG's Ministry of Natural Resources ('MNR') continue to work towar ...
Middle East | Thursday, September 29, 2016

KKR and Venado form partnership to pursue oil and gas investments in Eagle Ford Shale

KKR and Venado Oil and Gas, LLC today announced a partnership to consolidate proven assets in the Eagle Ford Shale of South Texas. The partnership is principally funded by KKR's Energy Income and Growth Fund I ('EIGF'). Venado is led by CEO Scott Garrick and a core tea ...
North America | Thursday, September 29, 2016
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