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GeoPark announces expansion in Colombia through the award of a new hydrocarbon block in the 2014 Colombia Bidding Round
GeoPark Limited (NYSE: GPRK), the Latin American oil and gas explorer, operator and consolidator with operations and producing properties in Chile, Colombia, Brazil and Argentina, today announces its continued expansion in Colombia through the award of a new exploratory ...
South America
Ceiba Energy Services announces closing of $16.1 million bought deal equity private placement
Ceiba Energy Services Inc. (TSX VENTURE:CEB) announce that it has closed its previously announced $16.1 million bought deal financing of 23,000,000 common shares of the Company ("Common Shares") at $0.70 per Common Share on a private placement basis (the " ...
North America
Argent Energy Trust announces higher than expected second quarter production and provides operational update
Argent Energy Trust (TSX: AET.UN) report that second quarter 2014 production averaged approximately 6,373 barrels of oil equivalent per day ("boe/d"), (approximately 69% oil and NGLs), exceeding previously announced second quarter production guidance of 6,100 ...
North America
Alan Boeckmann to join the BP board
The board of BP p.l.c announced that it has appointed Mr. Alan Boeckmann as a non-executive director with immediate effect. Mr. Boeckmann was previously Chairman and Chief Executive Officer of Fluor Corporation, the engineering and construction company. Carl-Henric Sva ...
West Europe
Statoil awarded licence offshore Colombia
Statoil has been awarded interest in the COL4 licence offshore Colombia in the Caribbean Sea in the 2014 Colombia Licensing Round. Statoil will hold 33,33% in the licence. Repsol will be the operator of the licence and will hold 33,34%. ExxonMobil Exploration Colombia ...
South America
Oil Search reports results at the Taza-2 well, Kurdistan
Oil Search reports that at 06:00 hours KRI time on 23 July 2014, the Taza 2 well was at a total depth of 4,200 metres in a 6-1/8' hole. During the week, having seen encouraging hydrocarbon shows towards the base of the previously drilled section, a further 102 metr ...
Middle East
Project finance for Ophir development
Octanex N.L. (ASX Code: OXX (Octanex)) is pleased to announce that limited recourse project finance has been secured for the development of the Ophir field, offshore Malaysia. Octanex is a 50% shareholder in Ophir Production Sdn Bhd ('OPSB') which was awarded t ...
Asia Far East
U.S. petroleum refineries running at record levels
Source: U.S. Energy Information Administration, Weekly Petroleum Status Report U.S. refineries have been processing record volumes of oil recently. Refinery inputs hit a record-high 16.8 million barrels per day (bbl/d) in each of the past two weeks, exceeding the prev ...
North America
Delphi completes and tests its eighth and ninth horizontal Montney wells utilizing 30 stage slickwater hybrid completions
Delphi Energy Corp. (TSX:DEE) is pleased to provide the following operations update. BIGSTONE MONTNEY Delphi has completed and tested its eighth and ninth horizontal Montney wells utilizing 30 stage slickwater hybrid completions. The 8-21-60-22 W5M ("8-21") ...
North America
Cabot Oil & Gas Corporation announces second quarter 2014 financial and operating results
Cabot Oil & Gas Corporation (NYSE: COG) reported its financial and operating results for the second quarter of 2014. Highlights for the quarter include: Production of 127.6 billion cubic feet equivalent (Bcfe), an increase of 34 percent over last year's comparable ...
North America
Offshore Reservoir Engineers; an under-utilised resource
Well testing is both a significant expenditure to oil and gas companies and a vital indicator as to whether the well is financially viable or not. Why then don't more companies insist on having a reservoir engineer on the rig to provide an on-site management of the ...
West Europe
Noble Energy announces second quarter 2014 results
Noble Energy, Inc. (NYSE: NBL) announces second quarter 2014 net income of $192 million, or $0.52 per diluted share on total revenues of $1.4 billion. Excluding the impact of certain items, which would typically not be considered by analysts in published earnings estima ...
North America
President Energy - Lapacho adds to Jacaranda drilling
President Energy (PPC) announced the spudding of the historic Jacaranda well on 16 June. Jacaranda is the first well to be drilled in Paraguay in many years and is the first in a three-well programme that has the potential to de-risk over 1bnboe of gross unrisked resour ...
South America
Husky Energy produces steady results with production growth on target
Husky Energy (TSX:HSE) advanced a strong balance of near, mid and long-term projects in the second quarter while generating higher quality returns to sustain growth. "Our continued investment in longer-wavelength projects such as heavy oil thermals, resource plays ...
North America
Kerui Petroleum completes drilling of the deepest well in Indonesia
This past May, with the ending of the third testing of 1X well, Shandong Kerui Petroleum Equipment Co., Ltd. (hereinafter referred to as Kerui Petroleum) successfully completed the construction of five wells as required in its first Indonesia exploratory well contract f ...
Asia Far East
Petroleum Geo-Services ASA announces second quarter and first half 2014 results
Highlights Q2 2014 Revenues of $337.0 million, compared to $381.7 million in Q2 2013 EBITDA of $170.6 million, compared to $209.6 million in Q2 2013 EBIT, excluding impairments, of $55.3 million, compared to $110.6 million in Q2 2013 Group EBIT margin, excluding im ...
West Europe
Ecopetrol and Pacific Rubiales announce decision concerning the Quifa SW STAR pilot project
Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC; TSX: ECP) and Pacific Rubiales Energy Corp. (TSX: PRE; BVC: PREC; BOVESPA: PREB) announced at a meeting yesterday of Ecopetrol's board of directors in which the Synchronized Thermal Additional Recovery ("STAR") pil ...
North America
Fortune Oil provides annual financial report
Fortune Oil (LSE: FTO.L) is a company focusing on crude oil, natural gas and resource supply operations and investments primarily in China. The Company is quoted on the main market of the London Stock Exchange and has its headquarters in Hong Kong. Following its change ...
Asia Far East
A small Maine city may have set off a big fight over oil movements
The next big fight in the war over oil and gas development in the US — or at least one of the next big fights – will be over local control. That issue ramped up this week and appears to raise a significant question of federalism. The city council in South ...
North America
Repsol posts net income of 1.327 billion euros
Repsol posted net income of 1.327 billion euros in the first half of the year, an increase of 47% from the year-earlier period. This reflects a good performance of the company's businesses as well as the success in securing a compensation agreement for the expropria ...
West Europe