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Friday, October 17, 2014

Panorama Petroleum provides an update on Block 26
Panorama Petroleum Inc. (TSX VENTURE:PPA) reported through a news release dated September 29, 2014 that the Company entered into a Memorandum of Understanding ("MOU") with State Petroleum Overseas Inc. ("State") to acquire one hundred percent (100%) ...
Middle East
Chevron adds new drillship to deepwater operations in the Gulf of Mexico
Chevron Corporation (NYSE: CVX) today announced that the Pacific Sharav, a deepwater drillship built to Chevron's specifications, has arrived in the Gulf of Mexico to work under a five-year contract with Pacific Drilling. The Pacific Sharav is an upgraded Dual-Load ...
North America
Odfjell Drilling and William Jacob Management form an alliance
Odfjell Drilling and William Jacob Management (WJM) announce the signing of a cooperation agreement under which the companies will mutually deliver engineering services of offshore drilling facilities to the global energy market. The services will include conceptual and ...
North America
Eni signs a cooperation agreement with Kogas on upstream and LNG activities
Eni sign a cooperation agreement with Korea Gas Corporation (KOGAS) to further strengthen their relationship in a number of areas, particularly in the upstream and LNG sectors. The agreement will allow the companies to jointly pursue opportunities worldwide. Eni and KO ...
Africa
GPK declares commerciality for the Shewashan light oil discovery in the Kurdistan Region of Iraq
GPK has declared the Shewashan light oil discovery commercial and is preparing the Field Development Plan (FDP) for submission to the MNR in accordance with the Khalakan PSC. Shewashan-1 produced light oil (45API) on test from reservoir zones in the Cretaceous Shiranis ...
Middle East
Range announces new credit facility and ratings upgrade
Range Resources Corporation (NYSE: RRC) announce that it has amended and restated its revolving credit facility. The new five-year agreement with a syndicate of twenty-nine financial institutions has a maximum facility size of $4 billion, with an initial borrowing base ...
North America
Oil price, Schlumberger, Petrofac, Lamprell, Pantheon, Aminex and finally...
Oil price I think at the moment we shall call this day, short closing Friday as the market has got used to ‘taking out a Rupert’ during the week and covering the position on Friday to ensure they aren’t left exposed over the weekend. There is nothing ...
North America
Legacy Oil + Gas announces appointment of Aidan M. Walsh as Director
Legacy Oil + Gas Inc. (TSX:LEG) announce that Aidan M. Walsh has joined the Board of Directors of Legacy. Mr. Walsh is President and Chief Executive Officer of Baccalieu Energy Inc., a Canadian junior oil and gas company. Mr. Walsh has 37 years of oil and gas experience ...
North America
Pacific Rubiales signs MOU with Pemex to jointly explore oil & gas business opportunities in Mexico
Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) (BOVESPA: PREB) announce that it has entered into a three year Memorandum of Understanding and Cooperation (the "MOU") with Mexico's state oil company, Petróleos Mexicanos and its subsidiary entit ...
North America
VAALCO Energy announces commencement of new drilling campaign offshore Gabon
VAALCO Energy, Inc. (NYSE: EGY) announced the commencement of a new six well drilling campaign offshore Gabon on its Etame Marin block. The development drilling campaign follows the recent on-schedule installation of the Etame platform and the Southeast Etame/North Tchi ...
Africa
Another big petrochemical project in the US might hit some supply constraints
With the announcement of yet another new cracker project this week-this time, to be built in North Dakota-the US petrochemical industry could be reaching a tipping point in the shale gas revolution. It's hard to imagine a time when the US could run out of ethane, p ...
North America
Great Prairie Energy Services announces the appointment of officers
Great Prairie Energy Services Inc. (TSX VENTURE:GPE) announces the appointment of Robert Gillies, CA as the Chief Financial Officer ("CFO") of the Corporation, effective immediately. Mr. Gillies joins Great Prairie with significant financial experience in the ...
North America
Bradford Drilling Program is executing as planned
Cardinal Energy Group, Inc. (OTCQB: CEGX) report that its Bradford Drilling Program is executing as planned. We have drilled 6 wells to date with 3 wells currently on-line. The Tannehill Sandstone is producing oil according to the anticipated results predicted from the ...
North America
WesternZagros completes testing after workover of Sarqala-1
WesternZagros Resources Ltd. (TSX VENTURE:WZR) has successfully completed the workover of the Sarqala-1 well in the Garmian Block in the Kurdistan Region of Iraq. The purpose of the workover was to install larger tubing to replace the subsurface safety valve and increas ...
Middle East
Artek Exploration pleased with initial production results
In the Inga/Fireweed area, Artek Exploration Ltd.'s (TSX:RTK) A-65-I Horizontal Montney well that was completed with a slickwater frac in the second quarter of 2014 has been on production for 30 days and during that time period averaged approximately 903 boe/d of wh ...
North America
Questerre Energy report on recent developments in the Kakwa-Resthaven area of west central Alberta
Production from Questerre Energy Corporation's (TSX:QEC)(OSLO:QEC) joint venture acreage resumed earlier this month following a scheduled shut-down for third party processing plant maintenance. Current production, net to Questerre, from this acreage is approximately ...
North America
Vollgrav South exploration well completed as a dry well
Lundin Petroleum AB (TSX:LUP)(OMX:LUPE), through its wholly owned subsidiary Lundin Norway AS (Lundin Norway), has completed the drilling of wildcat well 33/12-10 S. The well investigated the hydrocarbon potential of the Vollgrav South prospect in PL631, which is locate ...
West Europe
Schlumberger announces third-quarter 2014 results
Schlumberger Limited (NYSE:SLB) reports third-quarter 2014 revenue of $12.6 billion versus $12.1 billion in the second quarter of 2014, and $11.6 billion in the third quarter of 2013. Third-quarter revenue was up 5% sequentially and increased 9% year-on-year with Intern ...
North America
Clayton Williams Energy updates Eagle Ford and Delaware Basin operations
Clayton Williams Energy, Inc. (NYSE:CWEI) provide an operations update on its Eagle Ford and Delaware Basin activities and also provided an update to production guidance for the remainder of 2014 and new production guidance for 2015. Eagle Ford Operations The Company ...
North America
Carbon Energy receives independent expert valuation of its Surat Basin gas assets
Carbon Energy (ASX: CNX, OTCQX: CNXAY) announces that it has received an independent expert valuation of its Surat Basin gas assets. The valuation was conducted by Xstract Mining Consultants, an internationally recognised resource and asset evaluator who have valued the ...
Australasia