Oil & Gas News

» Search our database of 59640 oil and gas articles, dating back to 2002.

» Join our 60,000 members who receive our newsletters and custom alerts.

Today

PTTEP records solid Q3 profit despite odds
PTT Exploration and Production Plc (PTTEP) continued to report solid profit in the third quarter of this year, although higher asset depreciation, write-off and exploration costs have curtailed growth. The company posted an un-reviewed consolidated net profit of USD 477 ...
Asia Far East
Neste Jacobs renews its organization
Neste Jacobs changes its leadership model and organization to respond better to its Growth Strategy and future challenges. The Company Board approved at the end of 2013 the new long term Growth Strategy which targets to double the turnover of Neste Jacobs. The focus of ...
East Europe
GeoPark provides update and internal reserve estimate for the Tigana oil field in the Llanos 34 Block in Colombia
GeoPark Limited (GPRK), the Latin American oil and gas explorer, operator and consolidator with operations in Chile, Colombia, Brazil, Argentina and Peru, provides an update and preliminary internal reserve estimate for the Tigana oil field in the Llanos 34 Block in Col ...
South America
CGG announces major commitment to its StagSeis program in the Gulf of Mexico
CGG announce another major commitment to its Gulf of Mexico StagSeisTM multi-client program with the prefunding of the entire 871-offshore-block program by an international E&P company. Representing over 20,000 sq. km, this new full-program commitment for all three Stag ...
North America
New significant oil discovery in the offshore of Congo
Eni preliminary estimates the potential of Minsala Marine discovery in about 1 billion barrels of oil equivalent in place, of which 80% oil. Eni has made a new important oil discovery in the Minsala Marine exploration prospect located in the Marine XII Block offshore C ...
Africa
Petromanas Energy provides update on European assets
Petromanas Energy Inc. (TSXV: PMI) provide an update on key operational and corporate initiatives for its European assets located in Albania and France. Albania Molisht-1 As announced in the press release dated August 25, 2014, the Company was drilling a sidetrack we ...
East Europe
Lundin Petroleum spuds exploration well on the Lindarormen Prospect in the Norwegian Sea
Lundin Petroleum AB (TSX:LUP)(OMX:LUPE) (Lundin Petroleum), through its wholly owned subsidiary Lundin Norway AS (Lundin Norway), is pleased to announce that drilling of exploration well 6405/12-1 in PL584 has commenced. The well will investigate the hydrocarbon potent ...
West Europe
Epsilon Energy reports third quarter 2014 results
Epsilon Energy Ltd. (TSX:EPS) today reported third quarter 2014 financial and operating results. Financial and Operating Results Three months ended September 30, Nine months ended September 30, 2014 2013 2014 2013 Revenue by product - total period ($ ...
North America
Eni signs a cooperation agreement with Pemex
Petroleos Mexicanos' CEO, Emilio Lozoya Austin, and Eni's CEO, Claudio Descalzi, signed today a Memorandum of Understanding and Cooperation (MoU) that establishes the basis for cooperation and knowledge sharing in the upstream, midstream and downstream areas. T ...
East Europe
ConocoPhillips reports third-quarter 2014 results
ConocoPhillips (NYSE:COP) today reported third-quarter 2014 earnings of $2.7 billion, or $2.17 per share, compared with third-quarter 2013 earnings of $2.5 billion, or $2.00 per share. Excluding special items, third-quarter 2014 adjusted earnings were $1.6 billion, or $ ...
North America
Canacol Energy announces strategic financing with Apollo Investment Corporation
Canacol Energy Ltd. (TSX:CNE)(OTCQX:CNNEF)(BVC:CNEC) announce that it has established a financing relationship with Apollo Investment Corporation (NASDAQ:AINV) (or "Apollo Investment") to finance its investment in oil and gas properties in Colombia and Latin A ...
North America
Oil price, Shell, Cairn, Gulf Keystone, Sundry-Eni-Afren-NTOG- And finally...
Oil price Another small rally yesterday albeit slightly lost this morning on the back of a strong dollar. Traders tell me that the feel of the market stayed quite good yesterday and rallied again after the EIA stats which showed a build of 2.1m barrels, less than the 3 ...
West Europe
Suncor Energy reports third quarter results
Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and have been prepared in accordance with International Financial Reporting Standards (IFRS), specifically International Accounting Standard (IAS) 34 Interim Financial Rep ...
North America
Completion of drilling operations at Burton on the Wolds-1 exploration well
Egdon Resources plc (AIM:EDR) announces the completion of drilling operations at the Burton on the Wolds-1 conventional exploration well in UK Onshore Licence PEDL201 in Leicestershire. The Burton on the Wolds-1 well was spudded on 18 October 2014 and reached a total d ...
West Europe
Leni Gas & Oil agrees to acquire airborne gravity survey
Leni Gas & Oil announce that it has agreed to acquire a license to a Full-Tensor Gravity Gradiometry ("FTG") airborne survey over the entirety of the onshore Southern Basin of Trinidad. This survey, which is an integral part of LGO's data gathering for its ...
Central America
Petrofac secures further contract extension at Al Fao
Petrofac, the international oilfield service provider, has secured a second contract extension from South Oil Company (SOC) for support on its Iraq Crude Oil Expansion Project. The 12-month extension, worth around US$106 million, comes into effect in December and bring ...
Middle East
Crude Energy announces availability of Blue Wolf #1 in the Permian Basin
Crude Energy LLC, a Dallas-based exploration and production company offering oil and gas investment opportunities through oil and gas direct participation working interests, has made available the Blue Wolf #1 in the Permian Basin. The primary objective of the Blue Wolf ...
North America
Questar reports third-quarter 2014 earnings of $38.6 million
Questar Corporation (NYSE:STR) reported third-quarter 2014 net income of $38.6 million, or $0.22 per diluted share, compared to a net loss of $19.2 million, or $0.11 per diluted share, in the third-quarter 2013. The 2013 quarterly loss included a non-cash impairment cha ...
North America
Pacific Drilling announces closing of $500 million revolving credit facility
Pacific Drilling S.A. (NYSE: PACD) announced today that it has signed a revolving credit facility with an aggregate principal amount of up to $500 million. Prior to delivery of the Pacific Zonda, up to $350 million is available under the $500 million revolving credit f ...
North America
Gulf Marine Services confirms new four-year contract for Large Class vessel
Gulf Marine Services (LSE:GMS), the leading provider of advanced self-propelled self-elevating support vessels (SESV) serving the offshore oil, gas and renewable energy sectors, is pleased to confirm a major new contract award for one of its Large Class vessels. The ve ...
West Europe