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Friday, April 18, 2014

Apache CEO, Vermont activist build alliance on climate issues
Steve Farris runs a $33 billion Texas oil and gas company and turns, for advice, to a bearded Vermont environmentalist. As other energy firms battled climate change and anti-pollution activists in recent years, the Apache Corp chief executive instead built an alliance ...
North America
Schlumberger & Baker Hughes results point to improving North America
Oilfield services providers Schlumberger Ltd and Baker Hughes Inc each posted better-than-expected quarterly profit on Thursday, though they said pockets of weakness loom in Brazil, Canada, Russia and other drilling regions. The results highlight a rapidly changing lan ...
North America
Turkey to seek discount in Russian gas price
Turkey will seek a discount in the price of gas it buys from Russia in talks with the deputy head of state-controlled Gazprom next week when he visits Ankara, Turkey's energy minister said on Friday. "The contract we have with Russia gives us the right for a p ...
Middle East
McDermott signs agreement for North Sea Spoolbase
McDermott International, Inc. (NYSE: MDR) announced today that one of its subsidiaries has signed an option agreement with PD Ports which gives it the exclusive right to operate a spoolbase to serve projects in the North Sea. McDermott expects to have the facility avail ...
West Europe

Thursday, April 17, 2014

Atlas Oil to sell BP branded assets in Chicago and NW Indiana
Atlas Oil Company announced Atlas Oil's planned sale of its BP branded assets in Chicago and NW Indiana to Parent Petroleum Inc. and Lehigh Gas Partners LP. Atlas Oil supplies BP branded gasoline stations in Chicago and NW Indiana with BP branded gasoline and other ...
North America
Gulf Keystone Petroleum announces settlement of US$250 million debt financing
Gulf Keystone announce the settlement and closing of its successful debt offering of US$250 million in three-year senior unsecured notes due April 2017, which have been privately placed in accordance with Reg S/144A with institutional investors in Europe, the US and Asi ...
North America
Lazio Regional Administrative Court has rejected the appeal filed by Medoilgas
The Board of Mediterranean Oil & Gas Plc (AIM: MOG) announces that, following the tribunal hearing held on 9 January 2014 in Rome, the Lazio Regional Administrative Court has rejected the appeal filed by Medoilgas Italia S.p.A ("Medoilgas"), a wholly owned sub ...
East Europe
Why Hubbert was wrong. US petroleum production in 2014
Combined production of crude oil, gas and condensates in the United States is on course to a hit a record this year, passing the previous peak set in 1972. The rise in output has confounded the famous forecast made by Shell geologist M King Hubbert who predicted that U ...
North America
Calfrac announces organizational changes
Calfrac Well Services Ltd. (TSX- CFW) announce that Bruce Payne, formerly Calfrac's Vice President, Global Operations, has been appointed as President of Calfrac's Canadian Division to replace Rob Montgomery, who recently resigned from such position. Mr. Payne w ...
North America
GDF Suez loses legal case on 1 billion euros in Belgian nuclear tax
French utility GDF Suez's Belgian subsidiary said a Brussels court had ruled in favour of the government in a case over about 1 billion euros ($1.4 billion) in taxes levied on its profits from generating nuclear power. Belgium imposed a nuclear tax on GDF subsidiar ...
West Europe
McDermott signs agreement for North Sea spoolbase
McDermott International, Inc. (NYSE: MDR) announced that one of its subsidiaries has signed an option agreement with PD Ports which gives it the exclusive right to operate a spoolbase to serve projects in the North Sea. McDermott expects to have the facility available f ...
West Europe
A 'Tidal Wave' of USGC refined product exports
With crude oil output in North America raining down on U.S. Gulf Coast refiners, creating a healthy supply and advantaged prices of feedstock, a 'tidal wave' of products flowing out of the U.S. will be eager to capture export markets, according to ESAI Energy ...
North America
Contingency Planning: the value to oil and gas companies in high-risk areas
This article has been drafted by Mark Theobald of Mars Omega LLP, a former senior British army officer with considerable operational experience and an expert in contingency planning. Editing and addition of whimsical ephemera by Anthony Franks. Given the rapidly evolvi ...
Russia FSU
Magellan teceives post-completion payment for sale of onshore Australia assets
Magellan Petroleum Corporation (NASDAQ: MPET) announced that on April 15, 2014, it received the final AUD $5 million payment contemplated by the Share Sale and Purchase Deed (the "Sale Deed") entered into with Central Petroleum Limited ("Central") (A ...
Australasia
Western Refining announces new Delaware Basin pipeline project
Western Refining, Inc. (NYSE:WNR) announced today an additional pipeline project in the Delaware Basin. Subject to approvals, Western plans to construct a new pipeline originating near Western Refining Logistics, LP's (NYSE:WNRL) existing Mason Station crude oil gat ...
North America
Schlumberger announces first-quarter 2014 results
Schlumberger Limited (NYSE:SLB) today reported first-quarter 2014 revenue from continuing operations of $11.24 billion versus $11.91 billion in the fourth quarter of 2013, and $10.57 billion in the first quarter of 2013. Income from continuing operations attributable t ...
North America
Gas storage Bergermeer starts partial commercial operations
TAQA, the international energy and water company from Abu Dhabi, announced the start of preliminary commercial operations at its Gas Storage Bergermeer facility in the Netherlands. When complete in 2015, Bergermeer will nearly double the Netherlands' capacity and b ...
West Europe
Total discovers oil in deep offshore Ivory Coast
The Total-operated Saphir-1XB exploration well on Block CI-514 proved the presence of liquid hydrocarbons in the deep offshore west of Ivory Coast. 'Drilled in an abrupt margin play, this first well is the first discovery in the San Pedro Basin, a frontier explorat ...
Africa
First Mountain Exploration announces filing of 2013 financials and reserve data, provides operational update and announces the appointment of a new CFO
First Mountain Exploration Ltd. (TSX Venture: FMX) has filed on SEDAR its audited annual financial statements ("Financial Statements") and management's discussion and analysis ("MD&A") for the year ended December 31, 2013. First Mountain has also ...
North America
Gondwana Oil Corp. provides acquisition update
Gondwana Oil Corp. (CSE: GO) would like to provide an update further to its press release dated April 14, 2014 concerning the application by the Company's 70% held subsidiary, Miura Petroleum Limited ("Miura"), to acquire an interest in the Offshore Cape T ...
Africa