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Golar LNG Limited announces appointment of Sir Frank Chapman
Golar LNG Limited announces that with effect from September 19, 2014, Sir Frank Joseph Chapman has been appointed to the Board of Directors of the Company and will act as the Company's Chairman. Sir Frank Chapman has worked 40 years in the oil and gas industry culm ...
North America
Shoal Point Energy and Black Spruce Exploration agree to dissolve farmout agreement
Mark Jarvis, CEO of Shoal Point Energy (CSE:SHP)(OTCQX:SHPNF), announce that Shoal Point Energy and Black Spruce Exploration have mutually agreed to terminate their farmout agreement dated January 11, 2013, and release each other from all obligations related to the agre ...
North America
Super Nova Petroleum announces initial test results of the Eagle #1 well
Super Nova Petroleum Corp. (CSE:SNP)(PINKSHEETS:SNOVF) reports that the drilling operations of BNV Energy Company LLC ("BNV") and Super Nova's Eagle #1 was commenced in the morning of Sept. 6th and cased and cemented Sept 12th, 2014. Total depth reached wa ...
North America
Providence Resources provides an update on Irish seismic surveys
Providence Resources P.l.c. note today's announcement from Polarcus that the 3D seismic surveying operations have been successfully completed over its Drombeg oil exploration prospect, situated in Frontier Exploration Licence (FEL) 2/14 in the southern Porcupine Bas ...
West Europe
W&T Offshore acquires remaining interest in Fairway Field and Yellowhammer gas plant
W&T Offshore, Inc. (NYSE: WTI) announce that it has acquired a 35.7% working interest in the Fairway Field and the associated Yellowhammer gas processing plant. With the completion of this acquisition, W&T Offshore now holds a 100% working interest in both assets. The a ...
North America
Ivanhoe Energy appoints Acting Chief Financial Officer
Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) announce the appointment of Blair Vago as the company's Acting Vice President of Finance and Chief Financial Officer. Mr. Vago, Ivanhoe Energy's Divisional Controller in Ecuador, will assume the duties of Vice Presiden ...
North America
Newfield Exploration closes sale of Granite Wash assets
Newfield Exploration Company (NYSE: NFX) closed on the sale of its Granite Wash assets. As previously announced, the purchase price was $588 million (after-tax proceeds were approximately $582 million). Proceeds will be used to call Newfield's 71/8 % Senior Subordin ...
North America
ZaZa Energy announces closing of East Texas JV agreements with Quantum Energy Partners
ZaZa Energy Corporation (NASDAQ:ZAZA) announced that it has closed the previously announced Purchase and Sale Agreement with an affiliate of Quantum Energy Partners (“Quantum”), which includes an East Texas Development Agreement comprising Walker, Grimes, Ma ...
North America
Empyrean Energy provides an update on strategic review and FSP
Further to the announcement by the Company on 10 July 2014 in connection with a strategic review and the commencement of a formal sale process, Empyrean advises that it has set a closing date for bids of 25 September 2014. As notified previously, the Board reserves the ...
North America
US shale boom writes a tale of two emerging classes of gas carriers
Growing natural gas liquids production spurred by the US shale gas boom has stoked interest in new classes of ships to move ethane and LPG across oceans: very large ethane carriers and ultra large gas carriers. The first VLEC orders have been placed and could keep ship ...
North America
Dresser-Rand signs agreement to sell to Siemens for approximately $7.6 billion in an all cash transaction
Dresser-Rand Group Inc. (DRC), a global supplier of rotating equipment and aftermarket parts and services, today announced that it has entered into a definitive merger agreement with Siemens under which Siemens will acquire all of the outstanding shares of Dresser-Rand ...
North America
Westbridge Energy produces oil at Wharton County Field
Westbridge Energy Corporation (TSX VENTURE:WEB)(PINKSHEETS:WEGYF)(FRANKFURT:PUQ1) provide the following update to investors as it relates to the Wharton County Field in Wharton County, Texas, the Bivens Field in Beauregard Parish, Louisiana, the planned merger with Bla ...
North America
Paradigm Oil & Gas lands experienced oil and gas CFO
Paradigm Oil and Gas, Inc. (PINKSHEETS: PDGO) announce the hiring of Robert Stewart as its new Chief Financial Officer (CFO). Robert is a New York based Certified Public Accountant with over 30 years of corporate finance, accounting and tax experience. Early in his car ...
North America
RSI announces successful application of Rock Physics Technology for OMV Norge in the Barents Sea
Under contract and in close collaboration with OMV Norge AS, RSI has been developing tailored workflows for lithology and fluid prediction. These are based on integration of seismic, well and CSEM data with geology and have been applied in pre-drill analyses in the Bare ...
West Europe
Russia looks beyond West Siberia for future oil and natural gas growth
Source: U.S. Energy Information Administration, Eastern Bloc Research, IHS EDIN Note: Crude oil includes lease condensate production; Northwest & Arctic includes Kaliningrad. Russia was the world's largest producer of crude oil (including lease condensate) and the ...
Russia FSU
PDC Energy announces agreement to settle securities class action regarding 2010 and 2011 partnership purchases
PDC Energy, Inc. (Nasdaq:PDCE) announce that it executed a binding agreement in principle to settle the securities class action pending against the Company and its wholly-owned merger subsidiary regarding the acquisition of certain partnerships in 2010 and 2011. This cl ...
North America
At the Wellhead: The legal battle over a possibly big Ecuador oil field
Like a lot of other oil producers, Ecuador is seeing flagging levels of output. One field holds promise to reverse that, but its development has become controversial. In this week’s Oilgram News column, At the Wellhead, Quito correspondent Stephan Kuffner discusse ...
South America
Seadrill announces changes to the Board of Directors
Seadrill Limited announces that Tor Olav Trøim has decided not to stand for re-election to the Board of Directors in order to focus his efforts on developing Golar LNG. The Board would like to thank Mr Trøim for his many years of service and role in devel ...
West Europe
Hemisphere Energy achieves record production and commences five well drill program
Hemisphere Energy Corporation (TSX VENTURE:HME) announce initial production results from the final three wells of its summer drilling program, record corporate production rates, and the commencement of a fall drilling program in Atlee Buffalo, Alberta. Production Updat ...
North America
Oil price, Exxon, Siemens, Chariot, Faroe, Velocys and finally...
Oil price All sorts of influences on the oil price at the moment and in a number of different directions. On the demand side, tomorrows manufacturing numbers from China will be closely watched, the EU continues to look distinctly groggy and the G20 meeting in Sydney ye ...
West Europe