Oil & Gas News

» Search our database of 58935 oil and gas articles, dating back to 2002.

» Join our 60,000 members who receive our newsletters and custom alerts.

Today

Rift Energy enters into next exploration phase in Kenya and seeks farm-out partner
Rift Energy Corp. announce it is entering into the first additional two-year exploration program on Block L19 in Kenya after meeting or exceeding all contractual requirements of the initial two-year exploration program. Rift Energy is now obligated to either acquire 500 ...
Africa
Sasol Limited appointment of Executive Director and Chief Financial Officer
Sasol appoints Bongani Nqwababa as Executive Director and Chief Financial Officer (CFO) of Sasol with effect from 1 March 2015. Nqwababa has been an independent non-executive director and a member of Sasol's Audit Committee since 5 December 2013. He has been the F ...
Africa
Kurdish attempts to sell oil are not going to get support from the Obama administration
For two months now, the United Kalavrvta tanker holding 1 million barrels of Kurdish crude has idled in international waters off the coast of Galveston, Texas, awaiting a District Court ruling on whether the oil will be allowed to be sold in the US. But if the Kurdista ...
Middle East
PetroQuest Energy announces sale of Eagle Ford assets and borrowing base redetermination
PetroQuest Energy, Inc. (NYSE: PQ) announced that in September 2014, the Company completed the sale of its Eagle Ford assets for net proceeds of approximately $9.7 million. The Company estimates that operating cash flow generated from its Eagle Ford assets during the fi ...
North America
InterOil Corporation provides an update on its current exploration drilling program
RAPTOR-1, PPL 475 InterOil is preparing to set seven-inch casing in the Raptor-1 well in PPL 475 in the Gulf Province of Papua New Guinea. The casing point is slightly above the Kapau Limestone target zone, and is in line with the well program. At this stage, calcimet ...
Australasia
Bellatrix Exploration announces that Grafton has committed an additional $250 million towards further joint venture development
Bellatrix Exploration Ltd. (TSX, NYSE MKT: BXE) announce that based upon the success of the first joint venture with Grafton Energy Co I Ltd. ("Grafton Fund 1"), Bellatrix has entered into a new multi-year joint venture arrangement with Canadian Non-Operated R ...
North America
Suspended rig activities of the Energy Searcher drillship have now resumed
CAMAC Energy Inc. (NYSE MKT: CAK) announce that the suspended rig activities of the Energy Searcher drillship have now resumed, and the technical problem with the drillship's blow out preventer ("BOP") control hoses has now been resolved. New hoses have be ...
Africa
Lynden Energy reports fiscal year-end reserves at June 30, 2014
Lynden Energy Corp. (TSX VENTURE:LVL) reports the results of its June 30, 2014 Evaluation of Oil and Gas Reserves on its Midland Basin, Texas oil and gas properties, as evaluated by Cawley, Gillespie & Associates, Inc. ("Cawley" ) in accordance with National I ...
North America
Panorama signs an MOU for an oil block in Sudan and update
Panorama Petroleum Inc. (TSX VENTURE:PPA) reports that it has entered into a Memorandum of Understanding ("MOU") with State Petroleum Overseas Inc. ("State"), a private non-arms length British Columbia corporation to acquire one hundred percent (100% ...
Middle East
Energy XXI re-affirms quarterly production guidance
Energy XXI (NASDAQ: EXXI) (AIM: EXXI) provided an operations update, including production, recent drilling results, and adjustments to capital budget. Production Update During the company's fiscal first quarter, oil production is averaging approximately 41,700 bar ...
North America
Drilling at the Taree 193 #1 well in Glasscock County completed on 18 September 2014
US-focused oil and gas producer Target Energy Limited (OTCQX: TEXQY) (ASX: TEX) is pleased to provide a Fairway operations and corporate update. Corporate As previously advised, the sale of a 10% Working Interest in the Fairway Project to Aurora Energy Partners (&q ...
North America
New West Energy Services announces its first quarter results
New West Energy Services Inc. (TSX VENTURE:NWE) (the "Corporation") is pleased to announce the financial results for the Corporation for its first quarter ended July 31, 2014. Operational and Financial Results for the First Quarters Ended July 31, 2014 and 20 ...
Africa
SM Energy provides update on leadership transition
SM Energy Company (NYSE: SM) today announces that Anthony J. Best will retire from his role as the Company's Chief Executive Officer on January 31, 2015. In conjunction with this previously announced leadership transition, the Board of Directors appointed Javan D. O ...
North America
Regulation & Environment: Reading into the big BP Macondo decision
Gary Gentile, in this week’s Oilgram News Column Regulation & Environment, looked at the lengthy decision by a federal judge in the big civil action surrounding the Deepwater Horizon blowout. More than four years after the 2010 blowout at BP’s Macondo wel ...
North America
Ironbank 4-14-13TFH has completed drilling
NORTH STOCKYARD PROJECT, WILLIAMS COUNTY, NORTH DAKOTA TF NORTH PAD Lateral length Objective Status IP rate BOPD Avg. Rate BOPD# Cum to Date BO Bootleg 4-14-15TFH 7,211 ft. Three Forks 1 Flowi ...
North America
Plexus Holdings accepts winner of 2014 Northern Star Business Award
Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, is pleased to announce that on 25 September 2014 it accepted the 'Commitment to Innovative Use of R ...
West Europe
MX Oil interim results highlight significant progress made in 2014 towards imminent participation in the reopening Mexican energy sector
MX Oil plc, the AIM quoted oil and gas investing company focused on the re-opening Mexican energy sector, is pleased to announce its interim results for the six month period ended 30 June 2014. Highlights Successfully raised £1.05 million to pursue opportunitie ...
North America
Excellent initial gross flow rates from Lutcher Moore #9 and Lutcher Moore #14
North American Petroleum provide a production update for the recently acquired 1,670 gross acre Shoats Creek Project, in Louisiana ('Shoats Creek' or 'the Project'). NAP holds a 35%/26.25% working/net revenue interest ('WI/NRI') in Shoats Creek a ...
North America
GMS announces first contract award for new enhanced Small Class Vessel
Gulf Marine Services (LSE:GMS), the leading provider of advanced self-propelled self-elevating support vessels (SESV) serving the offshore oil, gas and renewable energy sectors, is pleased to announce the first contract award for its new enhanced Small Class vessel (the ...
Middle East
Empyrean Energy: AGM Statement
Empyrean Energy, the profitable US onshore oil, gas and condensate exploration, development and production company with assets in Texas and California, is holding its Annual General Meeting ("AGM") today at 9.30 a.m. at the Royal Institution of Great Britain, ...
West Europe