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Enhanced Oil Resources announces agreement with Schlumberger Technology Corporation
Enhanced Oil Resources Inc. (TSX-V: EOR; OTCQX: EORIF) announce that it has entered into a Letter of Intent with Schlumberger Technology Corporation (Schlumberger) whereby Schlumberger, at its own cost, will conduct an in-depth technical evaluation of the potential rede ...
North America
Solo Oil confirms that drilling operations on the Horse Hill-1 well are continuing as planned
Solo Oil Plc (AIM: SOLO)confirms that drilling operations on the Horse Hill-1 well are continuing as planned with the 20-inch surface casing having been set successfully at 84 feet below ground level. Operations are continuing at the site and further news will be issued ...
West Europe
Manitok Energy provide an operational update at Entice and Cordel-Stolberg
Manitok Energy Inc. (TSX VENTURE:MEI) provide an operational update at Entice and Cordel-Stolberg Entice As noted in the August 28, 2014 press release, Manitok Energy Inc. (TSX VENTURE:MEI) has drilled a horizontal well at 3-28-22-25W4, testing the middle Basal Quartz ...
North America
Buckeye Partners announces closing of $860 million acquisition
Buckeye Partners, L.P. (NYSE:BPL) announce that it has completed its $860 million purchase of an 80 percent interest in Buckeye Texas Partners LLC. Buckeye Texas Partners LLC and its subsidiaries, which are owned jointly with Trafigura AG ("Trafigura"), will o ...
North America
Misen Energy report on sales and gas balance
As of mid-September 2014, Misen Energy AB (publ) and its subsidiary LLC Karpatygaz have negotiated sales of 122.4 million cubic meters (mmcm) of natural gas. This volume comprises production of August and planned production for September. In addition, a separate agreem ...
North America
Horse Hill-1 well spudded and surface casing has been set and cemented to a depth of 84ft
Magellan Petroleum Corporation (NASDAQ: MPET) provide an update on the status of drilling at the Horse Hill-1 well in the Weald Basin, onshore UK. The well spudded on September 3, 2014, and surface casing has been set and cemented to a depth of 84 ft. Drilling on the in ...
West Europe
RWE Dea awarded two new concessions in Egypt
In the International Bid Round 2013, RWE Dea has been awarded two new offshore concessions with operatorship by the Egyptian General Petroleum Corporation (EGPC). The concessions are located in the Gulf of Suez, where the company is producing oil as operator for more th ...
Middle East
Statoil to lay up the COSL Pioneer rig in the fourth quarter of 2014
Due to overcapacity in our rig portfolio, Statoil will lay up the COSL Pioneer rig in the fourth quarter of 2014. The rig is currently carrying out an assignment on the Visund field and is scheduled to complete this work at the end of September. 'After a careful r ...
West Europe
Air Energi delivering on strategic vision
Air Energi Group, the global workforce solutions provider for the oil and gas industry, has published its financial end-of-year report for 2013. With turnover up 33 per cent to £385m and gross profit up 27 per cent to £44m year-on-year, the results confirm t ...
West Europe
Western Refining to acquire ConocoPhillips idled Wingate Plant and associated assets in Gallup, New Mexico
Western Refining, Inc. (NYSE:WNR) announce that it has entered into an agreement for the acquisition of the 25,000 barrel per day (bpd) idled Wingate Fractionation Plant in Gallup, New Mexico from ConocoPhillips Company. The Wingate facility includes rail loading and of ...
North America
Cubic Energy elects to participate in five horizontal Haynesville shale wells
Cubic Energy, Inc. (OTCQB:CBNR) announces its subsidiary, Cubic Louisiana, LLC, has elected to participate in the drilling and completion of five horizontal Haynesville Shale wells in its non-operated northwest Louisiana acreage. Cubic has an approximate 27% working int ...
North America
PA Resources takes measures to preserve liquidity and summons bondholders' meetings
PA Resources AB announces that it has initiated actions in order to preserve liquidity until a long term financing plan can be presented, and in this respect the Company has today summoned a bondholders' meeting for the Company's NOK denominated bond and initiat ...
North America
Cenovus Energy provides update on Foster Creek
Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) achieved first oil production at its recently-completed Foster Creek phase F expansion earlier this month. Phase F is expected to add 30,000 barrels per day (bbls/d) of capacity, with production ramping up over the next 12 to 1 ...
North America
Rowan Companies announces management changes
Rowan Companies plc (NYSE: RDC) announce that J. Kevin Bartol, Executive Vice President, Chief Financial Officer & Treasurer, has decided to leave the Company to pursue other opportunities. Mr. Bartol will continue to serve until a successor is chosen and a smooth trans ...
North America
North Sea Energy provides an update on the Bagpuss Prospect
North Sea Energy Inc. (TSX VENTURE:NUK) through its wholly owned subsidiary North Sea Energy (UK N02) Ltd. ("NSE-2") announce that the Bagpuss Site Survey has commenced and should be completed in the next 7 days. The purpose of the survey is to collect high re ...
West Europe
For a few trillion barrels more
Today, Scotland will vote on the following question: Should Scotland be an independent country? Answer YES and the vote is for independence, answer NO and the vote is to stay with The United Kingdom. Energy has not figured at the top of the debating issues that have b ...
West Europe
Oil price, Scotland, Caza and finally...
Oil price The oil price remains relatively week but looks to be trying to form a bit of a base around here, after the Fed stated yesterday that 'accommodative interest rates would remain for a considerable time' the greenback strengthened again... The EIA stat ...
North America
Target Energy provides Fairway operations and corporate update
Target Energy Limited (OTCQX: TEXQY) (ASX: TEX) is pleased to provide a Fairway operations and corporate update. Corporate The sale of a 10% Working Interest in the Fairway Project to Aurora Energy Partners ("Aurora"), a Texas general partnership in which Vi ...
North America
New Waitsia field potentially the largest conventional onshore gas discovery in WA since the1960s
Following on from the recently announced upgrade of 2C Contingent Resources in the Senecio Field, AWE Limited (ASX: AWE), as Operator of the L1/L2 Joint Venture, today announced initial Contingent Resource estimates for the "Waitsia" discovery (formerly Seneci ...
Australasia
Endeavour receives notice regarding NYSE continued listing standards
Endeavour International Corporation (NYSE: END) (LSE: ENDV) announce that the New York Stock Exchange ("NYSE") has notified the Company that it is not in compliance with two of the NYSE's continued listing standards. The NYSE requires that the average clo ...
North America