Oil & Gas News

» Search our database of 59435 oil and gas articles, dating back to 2002.

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

Today

New oil resources proved in the Grane area
Statoil Petroleum AS, operator of production licence 169, is about to complete drilling of appraisal well 25/8-18 S. The 25/8-4 discovery was proven in 1992 by Norsk Hydro Produksjon AS. The reservoir is in the Heimdal formation from the Palaeocene Age. The discovery i ...
West Europe
Quattro intersects 4 prospective horizons at Wood Mountain, Sask
Quattro Exploration and Production Ltd. (TSX VENTURE:QXP) announce the completion of its evaluation well at Wood Mountain, Saskatchewan. The well was drilled, cored, logged and cased to a total depth of 1950 meters, successfully intersecting the Bakken, Torquay and Bird ...
North America
Cue increases its interest in Mahakam Hilir PSC, Kalimantan to 100%
Cue Energy Resources Ltd is pleased to advise, that subject to government approvals, it has agreed to acquire a 100% interest in the Mahakam Hilir PSC in the prolific Kutei Basin onshore Kalimantan, Indonesia. Cue will purchase SPC Mahakam Hilir Pte Ltd, which holds the ...
Asia Far East
Relentless Resources announces Heathdale Glauconite oil well test
Relentless Resources Ltd. (TSX VENTURE:RRL) announce initial test results from the Relentless Heathdale 8-7-27-9 W4 horizontal Glauconite oil well (the "Well"). The 100% working interest (before payout) farm-in Well was drilled over 8 days to a total measured ...
North America
DualEx announces results of BHN-1 well in Tunisia
DualEx Energy International Inc. (DXE, TSX-V) announce that recompletion operations of the Abiod chalky limestone in its BHN-1 well on the Bouhajla Permit, onshore Tunisia, have concluded and the well will be plugged and abandoned. DualEx CEO Garry Hides stated "w ...
Middle East
Petro-Victory Energy encounters hydrocarbons at the Lapacho well
Petro-Victory Energy Corp. (TSXV:VRY) announce that the Lapacho well, located on the Pirity Block in Paraguay, has encountered hydrocarbons within the Icla Formation at a depth of 3,926 meters. Based on open hole logs run across the interval, these sandstones display av ...
South America
Jericho Oil completes $4.23 million strategic financing with existing shareholders
Jericho Oil Corporation (TSX-V: JCO, Frankfurt: JLM) announce that it has closed its non-brokered private placement financing previously announced on October 9, 2014 by issuing 8,461,036 units (the "Units") at $0.50 per Unit for proceeds of $4,230,517 (the &qu ...
North America
Resolute Energy provides operational update and horizontal well results
Resolute Energy Corporation (NYSE: REN) updates certain operating data, provides horizontal well results and provides information for its scheduled conference call to discuss results for the quarter ended September 30, 2014. Our drilling during the third quarter and in ...
North America
Hartgraves 1-5H well flowing back after being completed with BNK Petroleum's largest hydraulic stimulation to date
BNK Petroleum Inc. (TSX: BKX) is providing an update on its Tishomingo Field, Caney shale oil operations in Oklahoma as well as its Polish shale gas project. Tishomingo Field, Oklahoma The Company's latest Caney shale oil well, the Hartgraves 1-5H well (100% inter ...
North America
LDD completes platform jacket foundation installation, offshore Gabon
LDD, an Acteon company, has successfully finished a specialist foundation installation for the Etame Marin block field expansion project, offshore Gabon, West Africa. The company completed the very remote installation safely and on schedule. VAALCO Gabon (Etame) Inc. i ...
Africa
Oil price, Total, Ophir, Madagascar, Lamprell, Northern, Sundry-BP-Egdon-Xcite-Faroe, And finally...
Oil price All eyes were on the Chinese data overnight and there was relief that they weren't bad, in the end slightly beating the whisper at 7.3%. Forecasts had centred around 7.2% after last figs of 7.5% but overall not too bad. The oil stats were actually better ...
West Europe
Calmena announces divestiture of Brazil operations
Calmena Energy Services Inc (TSX:CEZ) announce that it has completed the sale of its Brazil operations, including all of its assets and its wholly owned subsidiary located in Brazil to a private Canadian company for a purchase price of $7.4 million. The sale price is co ...
South America
Taipan Resources announces increase in prospective resources on Block 1 Kenya
Taipan Resources Inc. (TSX VENTURE:TPN)(OTCQX:TAIPF) announce that an independent assessment of the Company's prospective resources on Block 1, northern Kenya has been completed by RPS Energy in the United Kingdom ("RPS"). The independent assessment was ca ...
Africa
Tourmaline Oil announces start-up of two gas facilities and record production levels
Tourmaline Oil Corp. (TSX: TOU) announce that two new gas facilities, the Musreau Alberta and Doe B.C. 50 mmcfpd plant expansions, were successfully commissioned last week. With the start up of the two projects, daily production has reached a record 136,000 boepd. The D ...
North America
A fly on the wall at OPEC's November 27th meeting
The next meeting of OPEC ministers is scheduled to take place November 27, 2014 in Vienna. It is not going to be business as usual. The stated purpose of the meeting is to set production policies for 2015. But we all know what the members will be discussing over tea o ...
North America
Weather conditions continue to hamper seismic contractor's operations in the Gum Deniz Oil Field
Greenfields Petroleum Corporation (TSX VENTURE:GNF)(TSX VENTURE:GNF.DB) provide an update on the continuing redevelopment of the Gum Deniz and Bahar fields in the Bahar Exploration, Rehabilitation, Development and Production Sharing Agreement ("ERDPSA"), Azerb ...
Russia FSU
Total CEO Christophe de Margerie killed in plane crash
Christophe de Margerie, the CEO of French oil company Total, has died after a plane crashed into a snow plough during take-off in Moscow. "Tonight, a plane crashed when it collided with a snow-clearing machine. Three crew members and a passenger died. I can confir ...
Russia FSU
Helix Energy Solutions Group reports third quarter 2014 results
Helix Energy Solutions Group, Inc. (NYSE: HLX) reported net income of $75.6 million, or $0.71 per diluted share, for the third quarter of 2014 compared to net income of $44.6 million, or $0.42 per diluted share, for the same period in 2013 and net income of $57.8 millio ...
North America
McDermott awarded second contract for PETRONAS Bukit Tua Development in East Java, Indonesia
McDermott International, Inc. (NYSE:MDR) announce that one of its subsidiaries was awarded a transportation, installation and pre-commissioning contract by PC Ketapang II Ltd, a subsidiary of PETRONAS, for the Bukit Tua Development Project in the Ketapang block of East ...
Asia Far East
Lamprell successfully completes construction of second Caspian Sea jackup drilling rig
Lamprell (ticker: LAM) announce that it has successfully completed construction of the second Caspian Sea jackup drilling rig, the "Mercury". Completion of this rig is another significant milestone for the Group, particularly as it has been built under challe ...
Middle East