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Wednesday, September 17, 2014

Texhoma Energy wins auctions for non-operated working interest in eight wells, Texas
Texhoma Energy, Inc. (OTC Pink: TXHE) announced that continuing with its tradition of oil and gas operations, it has won a third auction and acquired various non-operated working interests in eight (8) wells located in Gregg and Upshur Counties, Texas. The working inter ...
North America
Hunting PLC announces Directorate change
Further to the Board change announced in the Company's 2014 Half Year Results on 28 August 2014, Hunting today confirms that Andrew Szescila, non-executive Director, stepped down from the Board on 15 September 2014 following completion of his three year term of appo ...
West Europe
SAGD producing well recompleted for production
Pan Orient Energy Corp. (TSX VENTURE:POE) provide an update on the Sawn Lake, Canada, steam assisted gravity drainage ("SAGD") demonstration project on behalf of Andora Energy Corporation ("Andora"), in which Pan Orient has a 71.8% ownership interest ...
North America
Deep Well updates shareholders on Sawn Lake Heavy Oil Project
Deep Well Oil & Gas, Inc. (OTCQB:DWOG) will be announcing at a meeting of its shareholders later today that the development of its Sawn Lake Heavy Oil Project is progressing. Our target for 2014 was to initiate production from a single SAGD well pair. We are pleased to ...
North America
Enbridge proposes to transfer U.S. $900 million asset to Enbridge Energy Partners
Enbridge Inc. (TSX:ENB) (NYSE:ENB) announced today that it has proposed to transfer its 66.7 percent interest in the U.S. segment of the Alberta Clipper Pipeline to its affiliate, Enbridge Energy Partners L.P. (NYSE: EEP) (EEP) for approximately U.S. $900 million. EEP i ...
North America
WesternZagros Resources resumes field operations on the Garmian and Kurdamir blocks
WesternZagros Resources Ltd. (TSX VENTURE:WZR) has resumed field operations on the Garmian and Kurdamir blocks following the stabilization of industry conditions and the return of third party oil field services in the Kurdistan Region of Iraq. In August, following consu ...
Middle East
Panama Canal expansion will allow transit of larger ships with greater volumes
Source: U.S. Energy Information Administration; Surveyor (2002); Maritime Connector Ships carrying crude oil and petroleum products are limited by size restrictions imposed by several of the main thoroughfares of maritime navigation: the Panama Canal, the Suez Canal, ...
North America
Lublewo LEP-1ST1H lateral well continues to flow natural gas and light oil in addition to frac fluid
Highlights: Baltic Basin: Lublewo LEP-1ST1H lateral well The well continues to flow natural gas and light oil in addition to frac fluid; a nitrogen lift was commenced on 20 August. Over the period from 8 August to 17 September, the well has produced at an average rat ...
East Europe
Oilex announces significant improvement in flowback rates for gas, oil and water
Oilex Ltd (ASX: OEX, AIM: OEX) announce the successful completion of the chemical intervention work with a significant increase in flowback rates. As announced on 21 August 2014, the work was completed in accordance with the plan developed by Oilex on behalf of the Join ...
Asia Far East
Mosman Oil and Gas receives Trident acceptances totalling 80.06% of the issued capital of Trident
Mosman Oil and Gas Limited (AIM: MSMN) announce that as of 17 September, Mosman has received acceptances from Trident Energy Limited ("Trident") shareholders totalling 80.06% of the issued capital of Trident. Following this significant acceptance milestone, M ...
West Europe
Oil price, Northern Petroleum, Petroceltic, Sound Oil, Sundry -BP-Tangiers and finally...
Oil price The first thing to say is that the Brent price is really around $99, the price above not reflective of realité. The two dollar turnaround was mainly started by the Opec Secretary General who gave an interview after a meeting with the Russian Oil Minist ...
West Europe
InterOil starts drilling Antelope-4 appraisal well
InterOil Corporation (NYSE:IOC) (POMSoX:IOC) has started drilling the Antelope-4 appraisal well in Petroleum Retention License 15 in Papua New Guinea. Antelope-4 is the first of at least two appraisal wells planned on the Antelope field. The well lies about 1km south ...
Australasia
How do you spend $35 billion in a town of 13,000 people?
The LNG (Liquid Natural Gas) countdown is on in Canada. Within weeks, there are three major catalysts happening that could reshape the entire economy and labour market of western Canada. The British Columbia government outlines its fiscal regime for LNG The environme ...
North America
Continental Energy to sell stake in Norwegian affiliate
Continental Energy Corporation (OTCQB: CPPXF) announce that it has reached an agreement for the sale of its 51% shareholding stake in Visionaire Energy AS ("VEN") to Visionaire Invest AS ("Visionaire") of Horton, Norway, for consideration of US$ 1,20 ...
West Europe
Paradigm Oil & Gas passes on commercial property
Paradigm Oil and Gas, Inc. (PINKSHEETS: PDGO) announce that it has withdrawn its offer to purchase a 4,000 square foot commercial facility situated on 4 acres along US Highway 175 in West Athens, Texas. "After conducting the necessary due diligence to finalize the ...
North America
Empyrean Energy announces Q2 2014 production and operational update
Empyrean Energy provide the following production and operations update for the three month period to the end of June 2014 (‘Q2 2014’ or the ‘Quarter’) updated with current data since the end of the Quarter, where available. Empyrean has a 3% wor ...
North America
Oil tanker sizes range from general purpose to ultra-large crude carriers on AFRA scale
Source: T. Mason Hamilton, U.S. Energy Information Administration The global crude oil and refined product tanker fleet uses a classification system to standardize contract terms, establish shipping costs, and determine the ability of ships to travel into ports or thr ...
North America
MENA Hydrocarbons announces sale of Lagia Project
MENA Hydrocarbons Inc. (TSX VENTURE:MNH) announce that it has entered into a share purchase agreement (the "Share Purchase Agreement") with SacOil Holdings Limited (JSE:SCL)(AIM:SAC). The Share Purchase Agreement dated September 9, 2014 provides that SacOil ...
North America
Mapan Energy provides operational update on Deep Basin North
Mapan Energy Ltd. (TSX VENTURE:MPG) reports that natural gas production from its Deep Basin North properties at Chinook Ridge, Alberta and Hiding, British Columbia will be on restricted rates due to repairs and maintenance to be conducted by Trans Canada Pipelines Limit ...
North America
First Mountain Exploration proposes private placement
First Mountain Exploration Inc. (TSX VENTURE:FMX) announce that it has finalized the terms and conditions of a non-brokered equity private placement (the "Offering"). The Offering will consist of the issuance of up to 13,000,000 common shares (the "Common ...
North America