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How does BP's gross negligence affect the pending criminal cases against its 'company men'?
U.S. District Judge Carl Barbier’s finding that BP was grossly negligent in the Deepwater Horizon disaster raises troubling questions about the criminal trial of the BP “company men” on the ill-fated drilling rig, Donald Vidrine and Robert Kaluza. As ...
North America
ProSep appoints General Manager for Middle East in response to increasing demand for technology
ProSep has appointed a General Manger for the Middle East as it plans for significant growth in the region. Ryan McPherson joins the company from the Industry Technology Facilitator (ITF), where he has been Regional Director for the Middle East and Asia Pacific based i ...
Middle East
BNK Petroleum flowing back the Wiggins 11-2H well following its recent hydraulic fracturing treatment
BNK Petroleum Inc. (TSX: BKX) is provide an update on its Tishomingo Field, Caney oil shale operations in Oklahoma as well as its Polish shale gas project. Oklahoma - Tishomingo Field The Company is currently flowing back the Wiggins 11-2H well following its recent hy ...
East Europe
Enhanced Oil Resources provides an update on the sale of Crossroads oilfield
Enhanced Oil Resources Inc. (TSX-V: EOR; OTCQX: EORIF) previously announced that its indirect wholly-owned subsidiary, Ridgeway Arizona Oil Corp. (collectively with EOR, the "Company"), had entered into a non-binding Letter of Intent with a non-affiliated thir ...
North America
Petrodollars: What do Russian oil companies do in the wake of sanctions?
EU sanctions introduced Friday limit some state-owned Russian oil companies’ access to European financing in a move that could drive Rosneft, Transneft and Gazprom Neft to look to alternative sources. The US added to the Russian oil sector’s woes later in ...
Russia FSU
CAMAC Energy provides an update on its operations in West and East Africa
CAMAC Energy Inc. (NYSE MKT: CAK) announce an update on the Company's operations in West and East Africa, including Nigeria, Ghana, Kenya, and Gambia. Nigeria Oyo Offshore Installation Offshore installation campaign of the Company's Oyo field expansion projec ...
Africa
Par Petroleum Corporation announces retirement of Chief Operating Officer
Par Petroleum Corporation (NYSE MKT: PARR) announce the retirement of Par's Chief Operating Officer, Peter Coxon. Mr. Coxon will retire at year end but has stepped down from his role as COO of Par and President of its subsidiary, Texadian Energy Inc., effective Sept ...
North America
Eland Oil & Gas announces the resignation of Andrew Bartlett
Eland Oil & Gas PLC (AIM: ELA) announces the resignation of Andrew Bartlett from his position as a Non-Executive Director of the Company. Eland would like to thank Andrew for all his work and contribution to the Company since 2012. The company wish him well in his futur ...
North America
Xtract Resources announces appointment of Joint Broker
Xtract Resources Plc (AIM: XTR) announce that it has appointed Hume Capital Securities plc as joint broker to the Company with immediate effect. Cenkos Securities Plc continues to act as nominated adviser and joint broker to Xtract. Jan Nelson, CEO commented: "We ...
West Europe
Africa Oilfield Logistics Limited secures land lease in Northern Kenya to establish logistics hub
Africa Oilfield Logistics announce that Ardan Risk & Support Services ('Ardan'), the Company's primary investment, has entered into a 15 year lease over a sizeable land plot in Northern Kenya, which will be used for warehousing, fuel distribution, cold stora ...
Africa
Rose Petroleum announces Oil & Gas operations update and technical team appointments
Rose Petroleum (AIM: Rose) announce the progress it is making with its initial phase of development in both the Paradox and Mancos project areas and that these are proceeding very much in accordance with Rose's development plan. Paradox Operations The final design ...
North America
Union Jack Oil announces board changes
Union Jack, a hydrocarbon exploration company with a focus on drilling and development opportunities in the United Kingdom onshore oil and gas sector, announces the following board changes. Martin Durham, non-executive director, is stepping down with immediate effect. ...
West Europe
Volga Gas announce its results for the six months ended 30 June 2014
Volga Gas, the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to announce its results for the six months ended 30 June 2014. HIGHLIGHTS FINANCIAL RESULTS AND MAIDEN DIVIDEND Revenues increased by 50% to US$23.2 millio ...
Russia FSU
Green Dragon Gas announces interim results for the period ended 30 June 2014
Green Dragon Gas Ltd. (AIM:GDG), one of the largest independent companies involved in the production and sale of CBM gas in China, is pleased to announce its unaudited interim results for the six months ended 30 June 2014. Highlights FINANCIAL HIGHLIGHTS Revenue inc ...
Asia Far East
Petrobras' total production tops 2.7 million barrels of oil equivalent per day in August
Petrobras' consolidated oil and natural gas production in Brazil and abroad reached 2,759 thousand barrels of oil equivalent per day (boed), rising 2.2% from a reported production of 2,699 thousand boed in July. Oil production in Brazil increased by 2.7% from July ...
South America
Hurricane Energy substantially completes post-well data analysis
Hurricane Energy plc (AIM: HUR) has substantially completed post-well data analysis following the successful testing of the 1km horizontal appraisal well 205/21a-6 in Q2 2014 at the Company's Lancaster oil discovery West of Shetland. The well was optimally located t ...
West Europe
Sirius Petroleum enters into a Marketing Agreement with BTG Pactual Commodities
Sirius Petroleum (SRSP:LN) announce that it has entered into an Agreement with BTG Pactual Commodites (UK) LLP ("BTG Pactual") relating to the marketing of crude oil from the Ororo Field and other marketable product from other fields owned by Sirius Petroleum ...
Africa
Bahamas Petroleum announces interim results for the six months ended 30 June 2014
Highlights: Company engaged in ongoing discussions with a range of companies as it continues to actively pursue a funding partner. Developed a series of alternate well locations offering considerable optionality on cost and drilling execution risk. Continued detailed ...
Central America
Anita Gardiner to join InfraStrata team from BP Gas Marketing
InfraStrata plc (AIM:INFA) provide an operational update on its Northern Ireland and Southern England projects. Northern Ireland Petroleum exploration project As announced in July 2014, InfraStrata, together with joint venture partners Brigantes Energy Limited (" ...
West Europe
Faroe Petroleum announces appointment of Joint Broker
Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK is pleased to announce the appointment of RBC Capital Markets as joint broker with immediate effect. ...
West Europe