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Polarcus awarded 3D seismic acquisition project offshore West Africa
Polarcus Limited (OSE: PLCS) announce that the Company has signed a Letter of Intent ("LOI") with an undisclosed client for a 3D marine seismic acquisition project offshore West Africa. The project, subject to the execution of a service contract, will commence ...
Africa
INPEX commences oil production from Umm Lulu Oil Field
INPEX CORPORATION (INPEX) announce that, through its wholly-owned subsidiary, Japan Oil Development Co., Ltd. (JODCO), it commenced oil production from the Umm Lulu Oil Field offshore Abu Dhabi, the United Arab Emirates, on October 2, 2014. The Umm Lulu Oil Field is lo ...
Middle East
New Frontiers: Cutting back natural gas flaring in North Dakota hits a bump
North Dakota has aggressively sought to cut the amount of natural gas flaring going on in the state. It’s made strides, but it has a new hurdle, as Brian Scheid discusses in this week’s Oilgram News column, New Frontiers. North Dakota oil drillers appear ...
North America
Blackbird Energy announces spudding of first Middle Montney well at Elmworth
Blackbird Energy Inc. (TSX VENTURE:BBI) announce that it has spud its first Middle Montney well at Elmworth. The well was spud from surface location 14-14-70-07W6 and will be drilled to a vertical depth of approximately 2,330 meters and a lateral length of approximately ...
North America
DONG Energy divests Stenlille Gas Storage Facility to Energinet.dk
DONG Energy and the state owned entity, Energinet.dk, have signed an agreement today under which Energinet.dk will acquire DONG Energy's 100% ownership stake in DONG Storage for a total consideration of DKK 2.25bn on a debt and cash free basis. Included in the pric ...
West Europe
Petrowest announces completion of the acquisition of Trans Carrier Ltd. and Trans Carrier Rentals Ltd.
Petrowest Corporation (Petrowest) (TSX: PRW) announced today that it has closed the previously announced (August 22, 2014) acquisition of all the shares of each of Trans Carrier Ltd. and Trans Carrier Rentals Ltd. for the purchase price of $11.5 million plus the assumpt ...
North America
Shale oil production from Bakken, Eagle Ford up 2.1% in September
Oil production from shale formations in North Dakota and Texas increased by 55,000 barrels per day (b/d) or 2.1% in September, according to Bentek Energy, an analytics and forecasting unit of Platts, a leading global provider of energy, petrochemicals, metals and agric ...
North America
QEP Resources announces sale of its midstream business to Tesoro Logistics LP for $2.5 billion
QEP Resources, Inc. (NYSE:QEP) announce that its wholly owned subsidiary, QEP Field Services Company ('Field Services'), has entered into a definitive agreement to sell its midstream business, including the Company's ownership interest in QEP Midstream Partn ...
North America
Preparations underway to perform cased hole testing at SM-1 well, offshore Morocco
San Leon confirms that the SM-1 well in the Sidi Moussa block offshore Morocco has reached a total depth of 2,825mMDBRT (measured depth below rotary table) and encountered oil during drilling operations. Preparations are underway to perform cased hole testing. San Leon ...
North Africa
Serica Energy provides update on Sidi Moussa operations
Serica Energy plc (AIM & TSX: SQZ) confirms that the SM-1 well in the Sidi Moussa block offshore Morocco has reached a total depth of 2,825m MDBRT (measured depth below rotary table) and encountered oil during drilling operations. Preparations are underway to perform ca ...
North Africa
Xcite Energy enters into a Memorandum of Understanding with Baker Hughes
Xcite Energy announces that its 100% subsidiary, Xcite Energy Resources plc ("XER"), has entered into a Memorandum of Understanding ("MOU") with Baker Hughes Limited ("Baker Hughes"), which sets out the principles for the provision of oil f ...
West Europe
FAR strengthens cash position with $46.7 million capital raising
FAR Ltd (ASX: FAR) has completed a placement to institutional and sophisticated investors to raise $46.7 million before expenses by issuing 424,961,685 shares. The capital raising follows the significant oil discovery in FAN-1, offshore Senegal with its partners Cairn ...
Africa
Egdon Resources continues to make good progress across the business
Egdon Resources plc (AIM:EDR), the UK-based exploration and production company with a primary focus on the hydrocarbon-producing basins of the onshore UK, reports the following operations update ahead of the announcement of the Company's Final results scheduled for ...
West Europe
Strategic Planning Priorities for Oil & Gas in 2015
Falling oil prices, operational difficulties and geopolitical uncertainty reflect a complex world. But we believe that companies in the industry would be better prepared to succeed in it by taking five key steps to simplify their planning processes: Have an action plan ...
West Europe
President Energy makes first ever oil discovery in the Paraguayan Chaco
President Energy announces an update on its Lapacho well, Pirity Concession, Paraguayan Chaco (President 64% operated interest) Highlights Lapacho well discovery President has made the first ever oil discovery in the Paraguayan Chaco Conventional light oil / conden ...
South America
Quadrise Fuels International announces final results for the year ended 30 June 2014
Quadrise Fuels International plc (AIM: QFI) is the emerging manufacturer and supplier of MSAR® emulsion fuels, a low cost alternative to heavy fuel oil (one of the world's largest fuel markets utilising over 500 million tons per annum) in the global shipping, re ...
West Europe
Salamander Energy submits draft shareholder circular to the Financial Conduct Authority
Following the recent announcement on 21 July concerning the transaction to divest of an interest in the Greater Bualuang Area, Salamander today announces that it has submitted a draft shareholder circular to the Financial Conduct Authority. Salamander previously announ ...
West Europe
Akintola Williams Deloitte finishes fieldwork and issues draft report
Victoria Oil & Gas Plc announce that Akintola Williams Deloitte, Nigeria ("Deloitte"), a member firm of Deloitte Touche Tohmatsu Limited, has finished its fieldwork and issued a draft report relating to development cost contributions by both parties towards th ...
Africa
Northern Petroleum announces completion of the sale of the UK assets
Northern Petroleum, the AIM quoted oil company focusing on production led growth, announces that the previously announced sale of the UK assets for £1.5 million has now completed. The consideration was settled entirely in cash. The company previously announced th ...
West Europe
Oil Tech Royalties to form joint venture in Kuwait
TXO announces that its investee company, Oil Tech Royalties Inc. ("OTR"), has signed a non-binding letter of intent with Abdulaziz Abdulmohsin Al-Rashed Sons. W.L.L. ("AlL Rashed"), one of largest and most respected private commercial enterprises in ...
Middle East