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Sterling Resources announces successful Breagh well A08 fracture stimulation and well test
Sterling Resources Ltd. (TSX-V: SLG) advise that hydraulic stimulation, perforation and production testing of Breagh well A08 have been successfully completed. After several days of flowing the well to clean it up, the well was production tested at a stabilized rate of ...
West Europe
Canacol Energy completes drilling of Labrador 6 well on its LLA23 block
Canacol Energy Ltd. (TSX:CNE) (OTCQX:CNNEF) (BVC:CNEC) provide the following update concerning its production and main drilling operations. Average net production before royalties for the period July 1 to September 30, 2014 was 13,256 barrels of oil equivalent per day ( ...
North America
Neste Jacobs selected to implement Skangass' LNG terminal in Pori, Finland
Technology, engineering and project management company Neste Jacobs will perform EPCM services to construct Skangass' LNG terminal in Pori, Finland. Neste Jacobs will carry out the Engineering, Procurement, and Construction Management for Skangass during the years 2 ...
East Europe
Atlantic Petroleum provides operations update for September 2014
Atlantic Petroleum (OMX: FO-ATLA CSE & Oslo Børs: ATLA) today announces that during the month of September, Atlantic Petroleum produced a net total of 60,000 barrels of oil equivalents (boe) from the Chestnut, Ettrick and Blackbird fields. The average daily produ ...
West Europe
KFG reports operating profit for fiscal 1st quarter ending July 31, 2014
Mr. Robert A. Kadane, President of KFG Resources Ltd., reported that KFG's wholly-owned subsidiary, KFG Petroleum Corporation, of Natchez, Mississippi, had net income of $460,581 for the Company's fiscal First Quarter ending July 31, 2014, compared to $113,525 i ...
North America
Vanoil Energy commences international arbitration against the Government of Kenya
Vanoil Energy Ltd. (TSX VENTURE:VEL) has commenced an international arbitration against the Government of Kenya (the "Respondent"). This action has been filed to resolve a dispute arising from the Respondent's breach of the Production Sharing Contracts (th ...
Africa
Recompletion of BHN-1 well commences in Tunisia
Africa Hydrocarbons Inc. (TSX VENTURE:NFK) announces that the re-completion of the BHN-1 well on the Bouhajla Permit in Tunisia has commenced. As previously announced, this operation will entail pulling the existing production tubing from the wellbore and re-perforating ...
Middle East
Artisan Energy announces Letter of Intent to acquire MOGL Corp. & Spur Energy up to $2 million private placement
Artisan Energy Corporation (TSX VENTURE:AEC) announce that it has signed a letter of intent (the "LOI") to acquire all of the issued and outstanding shares (the "Acquisition") of each of MOGL Corp. ("MOGL") and Spur Energy Corp. ("Spu ...
North America
Kallisto Energy announces closing of recapitalization financing
Kallisto Energy Corp. (TSX VENTURE:KEC) announce that it has closed the previously announced Private Placement (the "Closing"), issuing an aggregate of approximately 296,296,296 units of Kallisto ("Units") at a price of $0.03375 per Unit and approxim ...
North America
Drilling operations begin on Massé structure on property in the Lower St. Lawrence area
Petrolympic Ltd. (TSX VENTURE:PCQ) announce that drilling operations have started on the Massé structure on its joint venture property in the Lower St. Lawrence area (the "Property") located in the Appalachian Basin of Quebec, in partnership with Squate ...
North America
Why oil exports are not like ice cream
Support for lifting the 40-year ban on crude oil exports is growing in Congress, but before we embrace the idea of selling U.S.-produced oil overseas, we need to understand what’s actually happening with the surging domestic production that hydraulic fracturing ha ...
North America
Trinity Exploration & Production notes the recent downward movement in its share price
Following the update provided to the market in the interim statement, the Board of Trinity Exploration & Production advises shareholders that it knows of no reason for the move. Trinity's asset portfolio remains fundamentally sound. First half production was 3,795 ...
West Europe
International energy logistics group boosted by North Sea growth
Peterson Offshore Group BV, one of the leading energy services groups operating in the North Sea announces its consolidated results for the 12 months ending 31st December 2013. North Sea revenues increased to £288m and operating profit increased by 9%, to £ ...
West Europe
Petro River Oil provides an update on ongoing regional development in the Mississippian Lime
There have been significant transactions in the Mississippian Lime recently, highlighting new operating companies and investment groups entering the basin. Petro River remains confident in its recent acquisition of the Pearsonia West Concession ("Pearsonia West&quo ...
North America
The world's 10 biggest energy gluttons
Next time you get into your car and drive to the supermarket, think about how much energy you consume on an annual basis. It is widely assumed that Westerners are some of the world's worst energy pigs. While Americans make up just 5 percent of the global population, ...
West Europe
Oil price, Ophir, Primeline Energy, Afren and finally...
Oil price There is a soggy tone to oil prices at the moment as news is filtering into the market that Saudi Arabia has set November prices to Far East buyers for November liftings at what might be significant discounts to current levels. These price points are a good s ...
West Europe
Pine Cliff completes acquisition of Alberta and Southern Saskatchewan natural gas assets
Pine Cliff Energy Ltd. (TSX VENTURE:PNE) is pleased to announce that the previously announced acquisition to acquire certain shallow natural gas assets in Alberta and Southern Saskatchewan for cash consideration of $100 million, prior to any adjustments (the "Acqu ...
North America
Bengal Energy expands drilling program
Bengal Energy Ltd. (TSX:BNG) announce that four of the 2014 Phase One Cuisinier oil wells have been tied-in and are producing, resulting in an additional preliminary gross production rate of approximately 1,100 barrels of oil per day ("bopd") or 334 bopd net t ...
Asia Far East
OptaSense recognised for improving the safety of hydraulic fracturing
OptaSense, a QinetiQ company and global leader in Distributed Acoustic Sensing (DAS), has been recognised for its contribution to improving the safety of hydraulic fracturing. OptaSense's DAS Hydraulic Fracture Profiling (DAS-HFP) service has been selected as a fina ...
North America
Gross production from Jubilee field averages approximately 103,000 bopd for the first nine months of 2014
Kosmos Energy Ltd. ('Kosmos') (NYSE: KOS) today provided an operational and financial update in advance of releasing its third quarter 2014 results. As a result of the continued strong production from the Jubilee field, gross production has averaged approximate ...
North America