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Should Florida 'frack' its limestone for oil and gas? Two geophysicists weigh in

Florida is on the front lines of a debate over the spread of the controversial drilling technique hydraulic fracturing, or fracking, which raises a crucial question: are the state's unique geology and hydrology safe for expanded oil and gas drilling? Over the ...

Vermilion Energy reports operating and financial results for first quarter 2016

Vermilion Energy Inc. (TSX, NYSE: VET) is pleased to report operating and unaudited financial results for the three months ended March 31, 2016. Achieved average production of 65,389 boe/d during the first quarter of 2016, an increase of 7% as compared to 61, ...

Strad Energy Services announces first quarter results

Strad Energy Services Ltd., (TSX:SDY), a North American-focused energy services company, today announced its financial results for the three months ended March 31, 2016. All amounts are stated in Canadian dollars unless otherwise noted. SELECTED FINANCIAL AND ...

Epsilon Energy reports first quarter 2016 results

Epsilon Energy Ltd. (TSX:EPS) today reported first quarter 2016 financial and operating results. Mr. Michael Raleigh, Chief Executive Officer, commented: 'Epsilon's natural gas production remained below potential during the first quarter with approximately 1 ...

Pacific Drilling announces first quarter loss of $2.5 million

Pacific Drilling S.A. (NYSE:PACD) today announced a net loss for first-quarter 2016 of $2.5 million or $0.01 per diluted share, compared to a net loss of $13.6 million or $0.06 per diluted share for fourth-quarter 2015 and net income of $51.7 million or $0.24 ...

Recent U.S. imports of oil tend to be heavier than domestic production

Source: U.S. Energy Information Administration, EIA-914 and EIA-814 In 2015, more than 70% of the crude oil produced in the Lower 48 states was light oil with an API gravity above 35 degrees. At the same time, 90% of imported crude oil was heavier, with a gr ...

Oil Production Vital Statistics April 2016

Most regions experienced production losses in March with the exceptions of Iran (+80,000 bpd) and Europe (+90,000 bpd compared with a year ago). Total liquids were down -260,000 bpd for a loss of -990,000 bpd since the peak last July. The oil price rally has c ...

Ethos Offshore Ltd completes Harkand North America management buy out

A team led by AJ Jain, Harkand North America Managing Director, has agreed to a management buyout (MBO) of Harkand's North American and African business. The new company, to be named ETHOS OFFSHORE LIMITED, will continue to provide subsea engineering and const ...

Administrative Court in Slovenia withdraws Ascent Resources' IPPC Permit

Ascent Resources plc, the AIM quoted European oil and gas exploration and production company updates the market on the decision from the Administrative Court in Slovenia in relation to the IPPC Environmental Permit application. Petrol Geoterm, the contractor ...

Oil price, Sundry-Harkand-SDX-Primeline- And finally...

Oil price Mixed pressures on oil in the last 24 hours, Canada features obviously as does the NFP number later, the strong dollar and the EIA release, this morning prices have lost most of yesterday's gains. So, the fires raging around Fort McMurray have led ...

Harkand enters administration

Harkand Group has announced that it has entered administration. The oil services company defaulted on debt repayments, due to a shortage of funds following the long-term decrease in oil prices. Administrators Deloitte told the media that 171 jobs will be los ...

Baker Hughes announces April 2016 rig counts

Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for April 2016 was 946, down 39 from the 985 counted in March 2016, and down 256 from the 1,202 counted in April 2015. The international offshore rig count for April 2016 was ...

McDermott International awarded three EPCI contracts in the Arabian Gulf

McDermott International, Inc. (NYSE:MDR) has been awarded three separate projects by a major national oil company for the integrated engineering, procurement, construction, and installation (EPCI) services in multiple fields in the Arabian Gulf. In addition to ...

Athabasca Oil Corp shuts down Hangingstone Project in response to Fort McMurray fires

Athabasca Oil Corp has decided, in response to the elevated risk from the ongoing regional wildfires, to shut down the Hangingstone Project and evacuate all personnel. Over the past 24 hours, the Fort McMurray fire has advanced to the south and south east of t ...
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