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Friday, October 24, 2014

Cabot Oil & Gas announces third quarter 2014 financial and operating results
Cabot Oil & Gas Corporation (NYSE: COG) report continued strong financial and operating results for the third quarter of 2014 including establishing new record highs for several key metrics. Third Quarter 2014 Financial Results "The results posted in the most rec ...
North America
VAALCO Energy announces entering into the Subsequent Exploration Phase on Block 5 offshore Angola
VAALCO Energy, Inc. (NYSE: EGY) announce that the Company has entered into the Subsequent Exploration Phase ("SEP") on Block 5 offshore Angola together with its working interest partner, Sonangol P&P, as provided for in the Production Sharing Agreement signed ...
Africa
New discovery in Espírito Santo Basin deep waters
Petrobras announces the discovery of a hydrocarbon accumulation in deep waters of the Espírito Santo Basin post-salt by drilling well 4-BRSA-1265-ESS (ANP nomenclature) /4-GLF-42-ESS (Petrobras nomenclature), known as Lontra, at a water depth of 1,319 meters. Th ...
South America
Penn Virginia announces borrowing base increase to $500 million and financial liquidity in excess of $620 million
Penn Virginia Corporation (NYSE:PVA) announce that its bank group has approved an increase in the borrowing base under PVA's senior secured credit facility from approximately $438 million to $500 million. PVA's financial liquidity, inclusive of the expanded borr ...
North America
Shoreline Energy announces Settlement Agreement with a creditor
Shoreline Energy Corp. (TSX:SEQ) announce that it has entered into a settlement agreement (the "Settlement Agreement") with a senior creditor (the "Creditor"). The Settlement Agreement provides that Shoreline pay the Creditor $2.5 million immediately ...
North America
Arabella Exploration backs into additional acreage
Arabella Exploration, Inc. (OTCQB: AXPLF) announce that it has backed into ownership on additional acreage in Pecos and Reeves County in the Southern Delaware Basin. Arabella has owned a reversionary interest in certain acres controlled by Brigham Resources Operating, L ...
North America
Statoil appoints new investor relations senior vice president
Statoil announce that Peter Hutton has been appointed senior vice president CFO investor relations and will report to chief financial officer Torgrim Reitan. Hutton is currently director of oil and gas research in RBC Capital Markets London, and has broad international ...
West Europe
Basic Energy Services reports third quarter 2014 results
Basic Energy Services, Inc. (NYSE: BAS) announce its financial and operating results for the third quarter and nine months ended September 30, 2014. THIRD QUARTER HIGHLIGHTS Third quarter 2014 revenue increased ten percent to $394.0 million from $359.7 million in t ...
North America
CNOOC Limited announces new discovery Jinzhou 23-2 in Bohai
CNOOC Limited (NYSE: CEO, SEHK: 00883, TSX: CNU) announced that the Company made a mid-to-large new discovery Jinzhou 23-2 in Bohai. Jinzhou 23-2 structure is located in the north part of Liaodong Uplift of Bohai with an average water depth of about 10 meters. The well ...
Asia Far East
Eight pieces of our oil price predicament
A person might think that oil prices would be fairly stable. Prices would set themselves at a level that would be high enough for the majority of producers, so that in total producers would provide enough–but not too much–oil for the world economy. The price ...
North America
Ezra's Subsea Services division boosts winning momentum with awards for multiple contract wins
Ezra Holdings Limited ('Ezra' or 'the Group'), a leading contractor and provider of integrated offshore solutions to the oil and gas industry, today announced that the Group's Subsea Services division, EMAS AMC, has won multiple new awards from vario ...
North America
The Oil Big Five: Your comments about oil prices worldwide
This is a busy time of year, and between conferences and of big news events, we’ve been running in several directions at once here at The Barrel. That’s part of the reason why we’re just now getting to your comments about the October version of The Oil ...
North America
Statoil takes on offshore operatorship in Australia
Statoil continues to expand in Australia, with the award of 100% equity share in a large exploration permit located in the prolific Northern Carnarvon Basin on the Northwest shelf of Australia. This is Statoil's third asset in Australia, adding to the onshore opera ...
Australasia
Kuwait Energy announces discovery at Abu Sennan, Egypt
Kuwait Energy and their main partner, the Egyptian General Petroleum Corporation (EGPC), announced Wednesday that the operated exploration well ASA-1 st3 on the Abu Sennan license, onshore Egypt discovered hydrocarbons in the Abu Roash' E' and Abu Roash ' C& ...
Middle East
Oil price, BP/Chevron, Ophir and finally...
Oil price Last week I named it 'short covering Friday as for the last few weeks this day has seen bears closing short positions ahead of the weekend, but today is slightly different. Last Friday we had just bounced off the low of the 50% retracement of the 5 year h ...
North America
Penn West Petroleum announces $355 million non-core asset disposition
Penn West Petroleum (TSX: PWT) (NYSE: PWE) announce that it has signed an agreement to sell non-core assets located in south central Alberta for expected proceeds of approximately $355 million to a private company. The assets are currently producing approximately 7,500 ...
North America
VAALCO Energy announces new Director
VAALCO Energy, Inc. (NYSE: EGY) announce the appointment of Andrew L. Fawthrop to the Company's Board of Directors, effective November 1, 2014. Mr. Fawthrop will stand for re-election at the Company's 2015 Annual Meeting of Shareholders. Mr. Fawthrop, 62, has d ...
North America
Cameron LNG liquefaction project breaks ground In Louisiana
LNG export project to create 3,000 new construction jobs, deliver natural gas to international markets. More than 300 community, business and international leaders, along with several federal, state and local elected officials, took part in a groundbreaking ceremony fo ...
North America
Karoon takes possession of the Olinda Star drilling rig
Karoon Gas Australia announces the Company has now taken possession of the Olinda Star Semi-submersible drilling rig from Petrobras. The rig is currently in the Campos Basin and expected to be on location in the Santos Basin running anchors in the next few days with a ...
Australasia
Austex signs gas gathering contracts
AusTex report that it has entered into two additional gas contracts for the purchase of its gas from parts of its Area II (south east) and Area III (north west) acreage. The new contracts were entered into after negotiation between several gas gatherers, a feature made ...
Australasia