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Seabird Exploration receives letter of intent for Hawk Explorer
SeaBird Exploration Plc announce that Hawk Explorer has received a letter of intent for a 2D seismic survey in Asia Pacific region. The survey will cover approximately 15,000 km and will have an estimated value of USD 12 million. The project is expected to start in mid- ...
Australasia
Exoma withdraws from the Galilee Joint Venture
Exoma Energy Limited (ASX: EXE) advises that it has withdrawn from the Galilee Joint Venture exploration permits (ATP 991P, ATP 996P, ATP 999P and ATP 1005P), effective as of 1 January, 2015. Following Exoma's withdrawal, CNOOC Galilee Gas Company Pty Ltd will have ...
Australasia
DONG Energy to divest 5% of West of Shetland Edradour field to Total
DONG Energy has agreed to divest 5% of the UK Edradour field to Total E&P UK Limited which when completed results in an aligned DONG Energy participation of 20% in the four UK West of Shetland fields, Laggan, Tormore, Edradour and Glenlivet. Total is the sole co-owner ( ...
West Europe
Vantage Drilling Company reports third quarter 2014 results
Vantage Drilling Company (NYSE MKT: VTG) reports net income for the three months ended September 30, 2014 of $751,000 or $0.00 per diluted share, excluding gains for the early retirement of debt and an upward revision to the tax provision, as compared to earnings of $6. ...
North America
Oilex announces quarterly report for 30 September 2014
CAMBAY PSC (45% & OPERATOR), ONSHORE GUJARAT, INDIA Fracture stimulation completed All isolation plugs successfully milled out Gas and light oil flows to surface during flow-back and light oil recovered for sale Higher than expected proportion of light oil particul ...
Asia Far East
Empire Energy Court case update
TXO PLC, the AIM-quoted energy resource and clean technology investment company, announces that following Smart Win's motion for summary judgment in the case against Empire Energy Inc. ("Empire"), in which TXO has an indirect interest via its 25 per cent. ...
North America
LNG to the rescue at a revived Caribbean oil refinery?
As various Caribbean refineries closed, reopening them faced a problem. Even if you could get cheaper WTI-based crude to them, they would be competing against US refineries powered by lower-cost natural gas. A refinery in the Caribbean would have little alternative exce ...
North America
BPZ Energy announces gas discovery at onshore Block XXIII
BPZ Energy (NYSE: BPZ) (BVL: BPZ) provided an operations update regarding the 2014 exploration campaign at onshore Block XXIII. Onshore Block XXIII (100% BPZ; 200,000 acres) Three onshore shallow exploration wells, ranging in depth from 3,500 to 3,800 feet, have been ...
North America
Oryx Petroleum announces appraisal and development progress on Demir Dagh in the Kurdistan Region of Iraq
Oryx Petroleum Corporation Limited announce an appraisal drilling update for the Demir Dagh field in the Hawler license area in the Kurdistan Region of Iraq, including test results for the Demir Dagh-7 and Demir Dagh-8 appraisal wells ("DD-7" and "DD-8&qu ...
Middle East
Far East Energy announces further extension of existing loan facility
Far East Energy Corporation (OTCBB:FEEC), the U.S. listed company that operates the Shouyang Coalbed Methane (CBM) Production Sharing Contract (PSC) in Shanxi Province, People's Republic of China, is pleased to announce a further extension of the maturity date of it ...
Asia Far East
Ivanhoe Energy reports third quarter 2014 financial results
Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) report its financial results for the third quarter of 2014. Third Quarter Financial Summary Ivanhoe Energy filed its quarterly financial report on Form 10-Q with the U.S. Securities and Exchange Commission and its unaudited ...
North America
Stream Oil & Gas announces third quarter 2014 results
Stream Oil & Gas Ltd. (TSX-V: SKO) report its financial and operating results for the three and nine months ended August 31, 2014. Q3 2014 Summary of Results ($US000s, except as noted) Three Months Ended Nine Months Ended August 31, August 31, 2014 2013 ...
North America
Mexco Energy Corporation announces purchase of oil and gas properties
Mexco Energy Corporation (NYSE MKT: MXC) announce the purchase of various royalty interests at a price of $1,000,000 covering approximately 1,800 wells in 27 counties of Texas. Of these oil and gas reserves, approximately 77% is natural gas and 23% oil. Mexco believes t ...
North America
Synergy Resources announces $125 million purchase agreement for Wattenberg Field assets
Synergy Resources Corporation (NYSE MKT: SYRG) (Synergy), a U.S. oil and gas exploration and production company with operations focused in the Greater Wattenberg Area in the D-J Basin, on October 30th, 2014 announced that it has signed a purchase and sale agreement for ...
North America
Nanotechnology hits the oilpatch
Dropping energy prices—for both oil and natural gas—has investors and analysts checking to see what the break-even price is for oil production in each play in North America. This is a moving target, and it’s going lower all the time. And I’m go ...
North America
NuVista Energy announces third quarter 2014 results and growth plans for 2015 and beyond
NuVista Energy Ltd. (TSX:NVA) is pleased to announce our results for the three and nine months ended September 30, 2014 and provide an update on our future business plans. During the third quarter of 2014 NuVista significantly advanced on our long-term goals with the st ...
North America
Strata-X Energy provide an update on the Burkett 5-34 HOR well
The directors and management of Strata-X Energy Ltd. (TSX VENTURE:SXE)(ASX:SXA) provide an update on the Burkett 5-34 HOR well, located in Clay County, Illinois. As previously announced an electrical submersible pump has been working to reduce the fluid level on the Lin ...
North America
Fluor reports third quarter results
Fluor Corporation (NYSE: FLR) announce financial results for its third quarter ended September 30, 2014. Net earnings attributable to Fluor from continuing operations rose to $183 million, or $1.15 per diluted share, from $173 million, or $1.05 per diluted share a year ...
North America
The end of an era: Is the US petrodollar under threat?
Recent trade deals and high-level cooperation between Russia and China have set off alarm bells in the West as policymakers and oil and gas executives watch the balance of power in global energy markets shift to the East. The reasons for the cozier relationship between ...
North America
ICA Fluor awarded fabrication contract for Shell's heavy oil extraction project in Canada
Fluor Corporation (NYSE: FLR) announced that ICA Fluor, its industrial engineering, fabrication and construction joint venture with Empresas ICA, S.A.B. de C.V. (BMV and NYSE: ICA), signed a contract with Shell Canada Energy to supply modular fabrication and procurement ...
North America