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EMGS reports multi-client sales
Electromagnetic Geoservices ASA (EMGS) has entered into a data licensing agreement with an international oil company. The agreement, which is worth USD 3.7 million after adjustment for partner's share of the revenues, is for the provision of 3D EM data from EMGS' ...
West Europe
Baker Hughes implements new policy of full chemical disclosure for fracturing operations
Baker Hughes Incorporated (NYSE: BHI) announce that it has implemented a new policy of disclosing 100% of the chemistry contained within its hydraulic fracturing fluid systems, without the use of any trade secret designations. The company announced in March of this yea ...
North America
Imperial Oil successfully completes Kearl turnaround
Imperial Oil Limited today announced the completion of a major planned maintenance turnaround at its Kearl facilities. "We would like to wholeheartedly congratulate and thank our contractors and employees for completing this major turnaround without a lost-time sa ...
North America
Noble Energy provides update on planned Falkland Islands drilling program
Noble Energy, Inc. (NYSE: NBL) today confirmed plans to resume exploration drilling in the Falkland Islands in 2015 following the acquisition and evaluation of an extensive 3D seismic program over portions of the Company's 10 million acre position. The Company's ...
South America
Marquee Energy announces closing of strategic non-core asset disposition
Marquee Energy Ltd. (TSXV: "MQL") announce that it has completed the previously announced disposition of its non-core, gas-weighted asset located in the Pembina area of western Alberta (the "Transaction"). Consideration for the Transaction totalled a ...
North America
TransCanada sells 30% interest in Bison to TC PipeLines, LP
TransCanada Corporation (TSX:TRP)(NYSE:TRP) announce it has entered into an agreement to sell its remaining 30 per cent interest in Bison Pipeline LLC (Bison) to its master limited partnership, TC PipeLines, LP (NYSE: TCP) (the Partnership) for cash proceeds of US$215 m ...
North America
Bill Barrett closes sales of remaining position in the Gibson Gulch natural gas program
Bill Barrett Corporation (NYSE: BBG) announce that it closed the previously announced sale of the Company's remaining position in the Gibson Gulch natural gas program in the Piceance Basin. The Company also announced that it closed the final transaction of its previ ...
North America
Natural gas storage injections typically continue beyond the end of October
Source: U.S. Energy Information Administration, Weekly Natural Gas Storage Report In natural gas markets, analysts refer to the storage injection season as running from April 1 through October 31 of each year, but these dates are not strict cutoff points. In each of t ...
North America
Jupiter Resources completes the acquisition of Encana's Bighorn assets
Jupiter Resources Inc. announce that it has successfully completed the acquisition of Encana's Bighorn assets in the Alberta Deep Basin for CAD$2.0 billion (before closing adjustments). The Bighorn acquisition was originally announced on June 26, 2014. Encana Corpo ...
North America
Lonestar Resources reports positive Eastern Eagle Ford Shale results
Lonestar Resources, Ltd. (ASX: LNR, OTCQX: LNREF) provide an update on the Company's initial successes in its drilling and completion activities in the Eastern Eagle Ford Shale play, including initial production tests from its first two completions which average 738 ...
North America
Pembina Pipeline Corporation announces resignation of Board member
Pembina Pipeline Corporation (TSX: PPL; NYSE: PBA) announce that pursuant to Thomas (Tom) W. Buchanan accepting the position of President and Chief Executive Officer of Athabasca Oil Corporation effective October 1, 2014, he has tendered his resignation from Pembina' ...
North America
ZaZa Energy announces McAdams well 30-day initial production results
ZaZa Energy Corporation (NASDAQ:ZAZA) announce the 30-Day production results from its East Texas McAdams Cattle Company 1H horizontal well ('McAdams 1H') in Walker County, Texas. Over the first 30 active days of production, average three-stream production for t ...
North America
Lightstream Resources announces closing of $378 million asset sale
Lightstream Resources Ltd. (TSX:LTS) announce the closing of our previously announced agreement with Crescent Point Energy Ltd. to sell the remaining assets in our southeast Saskatchewan Conventional business unit for gross proceeds of $378.4 million. Proceeds include c ...
North America
Huntington production stable following August shut down
Iona Energy Inc. (TSX VENTURE:INA) has previously announced that Huntington production was expected to be shut down from 30th October 2014 until 5th December 2014 to coincide with the scheduled maintenance shutdown of the Central Area Transmission System ("CATS&quo ...
North America
Jura Energy announces extension in the maturity date of C$ 11 million credit facility
Jura Energy Corporation (TSX:JEC) announce that it has entered into an amended loan agreement with its principal shareholder, Eastern Petroleum Limited ("EPL"), pursuant to which EPL has agreed to extend the repayment date of Jura's existing C$ 11 million ...
North America
Tamarack Valley Energy closes its Wilson Creek acquisition
Tamarack Valley Energy Ltd. (TSX VENTURE:TVE) announce that it has, through its wholly-owned subsidiary, successfully completed its previously announced acquisition of 100% of Suncor Energy's interests in the Wilson Creek area of Alberta (the "Acquisition" ...
North America
Magnum Hunter Resources announces sale of certain non-core assets located in Divide County, North Dakota
Magnum Hunter Resources Corporation (NYSE: MHR) (NYSE MKT: MHR.PRC) (NYSE MKT: MHR.PRD) (NYSE MKT: MHR.PRE) announce that Bakken Hunter, LLC, a wholly-owned subsidiary of the Company, closed on the sale of certain non-core and non-operated working interests in oil and g ...
North America
Crew Energy announces closing of Princess, Alberta asset disposition
Crew Energy Inc. (TSX:CR) announce that it has closed its previously announced disposition of its petroleum and natural gas assets in the Princess area of Southeast Alberta, with an effective date of August 1, 2014 (the "Princess Disposition"). Full details re ...
North America
Edgo Energy secures licenses for the Qarordon and Surkhsimo blocks in Tajikistan
Edgo Energy announce that it has secured licences for the Qarordon and Surkhsimo (formerly called Karadum and Kyziltumshuq respectively) blocks in Tajikistan and has also signed a service agreement with Klarenco, a Moscow-based subsurface interpretation company. Klaren ...
Asia Far East
Eden executes formal agreement to merge UK gas and petroleum assets with existing UK joint venture partner
SUMMARY Eden has signed a conditional formal Merger Agreement with its existing UK gas and petroleum Joint Venture partners to merge their respective interests on the following terms: Eden’s wholly owned Australian subsidiary, Adamo Energy Ltd (“Adamo AU& ...
West Europe