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Friday, July 22, 2016

Do we need to re-think UK energy policy?

The future shape of the UK's energy market - including sources of domestic supply and pricing strategies - is subject to a new inquiry launched yesterday. Led by the House of Lords Economic Affairs Committee, the inquiry will assess whether a combination of p ...

Oceaneering announces second quarter 2016 results

Oceaneering International, Inc. ('Oceaneering') (NYSE: OII) today reported net income of $22.3 million, or $0.23 per share, on revenue of $626 million for the three months ended June 30, 2016. Excluding the impacts of a total of $7.0 million of bad debt expens ...

Torchlight Energy reaches total depth at Flying B Ranch Well #1

Torchlight Energy Resources, Inc. (NASDAQ: TRCH), today announced that the Flying B Ranch #1 has been drilled to a total depth of 6470 feet. The well has been logged and 25 sidewall cores were taken from the different pay zones. The well has been cased and cem ...

Contango Oil and Gas to purchase Southern Delaware Basin acreage for up to $25 million

Contango Oil & Gas Company (NYSE MKT:MCF) announced today that it has entered into an agreement with a private oil and gas company to purchase one-half of seller's interests in approximately 12,100 gross undeveloped acres (~5,000 net acres) for up to $25 milli ...

Oil price, Ithaca Energy, Rockrose Energy, Cairn/Far, Sundry-Providence-Gulfsands- And finally...

Oil price Apparently a fairly quiet day yesterday as the market mulled over the inventory stats, crude was ok coming in with a draw of 2.3m barrels, higher than the 1.3m forecast but it was the build of 911/- in gasoline that started people worrying. Right in ...

Husky Energy announces second quarter 2016 results

Husky Energy (TSX: HSE) made steady progress in the quarter against several objectives, including strengthening its balance sheet and further improving the quality of its production. 'This is a milestone moment for the Company, as the elements of the transfor ...

Executive Chairman of Gulfsands Petroleum retires

Gulfsands Petroleum plc (AIM: GPX), the oil and gas company with activities in Syria, Tunisia, Colombia and Morocco, today announces that Alastair Beardsall, Executive Chairman, will be retiring from his executive role and as a Director of the Company with imm ...

Total signs long term agreement to supply LNG to Choguko Electric

Total has signed a binding Heads of Agreement with Chugoku Electric for the direct supply of liquefied natural gas (LNG) for a period of 17 years starting from 2019. Under the agreement, Total will supply Chugoku Electric with up to 0.4 million tons of LNG per ...

Ithaca Energy announces completed FPF-1 inclination test

Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) reports that the 'FPF-1' floating production facility has completed the required inclination test as planned and departed the Remontowa shipyard in Gdansk, Poland. The vessel has been moved to a deep water location o ...

Schlumberger announces second quarter 2016 results

Schlumberger Limited (NYSE:SLB) today reported results for the second quarter of 2016. Revenue of $7.2 billion increased 10% sequentially Acquisition of Cameron contributed revenue of $1.5 billion EPS: GAAP loss per share of $1.56 Excluding charges and cre ...

Santos Energy reports second quarter 2016 activities

Key Highlights Record first half production of 31.1 mmboe, up 10% on the prior half-year. Second quarter production of 15.5 mmboe, up 8% on the corresponding quarter. Average realised oil price decreased 29% to US$43 per barrel for the first half. Upstream pro ...

ExxonMobil to acquire InterOil in transaction worth over $2.5 billion

Exxon Mobil Corporation (NYSE: XOM) and InterOil Corporation (NYSE: IOC, POMSoX: IOC) today announced an agreed transaction worth more than $2.5 billion, under which ExxonMobil will acquire all of the outstanding shares of InterOil. 'This agreement will enabl ...

Magnolia Petroleum releases AGM statement

Magnolia Petroleum Plc, the AIM quoted US focused oil and gas exploration and production company, is holding its Annual General Meeting ('AGM') later today. At the meeting, CEO Steven Snead will make the following statement: 'Magnolia Petroleum is an oil and ...

Polarcus announces second quarter 2016 financial report

Polarcus Limited (OSE: PLCS) announces the release of its second quarter 2016 financial statements. HEADLINES Q2 2016: Revenues of USD 67.9 million, up 7% from Q1 2016 Multi-client revenues of USD 26.5 million, prefunding level of 205% Gross cost of sales of ...
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