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Ezra's Subsea Services division boosts winning momentum with awards for multiple contract wins
Ezra Holdings Limited ('Ezra' or 'the Group'), a leading contractor and provider of integrated offshore solutions to the oil and gas industry, today announced that the Group's Subsea Services division, EMAS AMC, has won multiple new awards from vario ...
North America
The Oil Big Five: Your comments about oil prices worldwide
This is a busy time of year, and between conferences and of big news events, we’ve been running in several directions at once here at The Barrel. That’s part of the reason why we’re just now getting to your comments about the October version of The Oil ...
North America
Statoil takes on offshore operatorship in Australia
Statoil continues to expand in Australia, with the award of 100% equity share in a large exploration permit located in the prolific Northern Carnarvon Basin on the Northwest shelf of Australia. This is Statoil's third asset in Australia, adding to the onshore opera ...
Australasia
Kuwait Energy announces discovery at Abu Sennan, Egypt
Kuwait Energy and their main partner, the Egyptian General Petroleum Corporation (EGPC), announced Wednesday that the operated exploration well ASA-1 st3 on the Abu Sennan license, onshore Egypt discovered hydrocarbons in the Abu Roash' E' and Abu Roash ' C& ...
Middle East
Oil price, BP/Chevron, Ophir and finally...
Oil price Last week I named it 'short covering Friday as for the last few weeks this day has seen bears closing short positions ahead of the weekend, but today is slightly different. Last Friday we had just bounced off the low of the 50% retracement of the 5 year h ...
North America
Penn West Petroleum announces $355 million non-core asset disposition
Penn West Petroleum (TSX: PWT) (NYSE: PWE) announce that it has signed an agreement to sell non-core assets located in south central Alberta for expected proceeds of approximately $355 million to a private company. The assets are currently producing approximately 7,500 ...
North America
VAALCO Energy announces new Director
VAALCO Energy, Inc. (NYSE: EGY) announce the appointment of Andrew L. Fawthrop to the Company's Board of Directors, effective November 1, 2014. Mr. Fawthrop will stand for re-election at the Company's 2015 Annual Meeting of Shareholders. Mr. Fawthrop, 62, has d ...
North America
Cameron LNG liquefaction project breaks ground In Louisiana
LNG export project to create 3,000 new construction jobs, deliver natural gas to international markets. More than 300 community, business and international leaders, along with several federal, state and local elected officials, took part in a groundbreaking ceremony fo ...
North America
Karoon takes possession of the Olinda Star drilling rig
Karoon Gas Australia announces the Company has now taken possession of the Olinda Star Semi-submersible drilling rig from Petrobras. The rig is currently in the Campos Basin and expected to be on location in the Santos Basin running anchors in the next few days with a ...
Australasia
Austex signs gas gathering contracts
AusTex report that it has entered into two additional gas contracts for the purchase of its gas from parts of its Area II (south east) and Area III (north west) acreage. The new contracts were entered into after negotiation between several gas gatherers, a feature made ...
Australasia
Fugro offers high resolution subsea laser scanning
Fugro, the world's largest integrator of geotechnical, survey, subsea and geoscience services, has expanded its services for the offshore oil and gas sector with the addition of high resolution subsea laser scanning. This specialist technology can be applied to a wi ...
North America
CB&I reports 2014 third quarter results
CB&I (NYSE: CBI) reporte adjusted net income for the third quarter of $164.7 million, or $1.51 per diluted share, excluding integration related costs of $2.8 million, or $0.03 per diluted share, up 35 percent from the third quarter 2013. In the quarter GAAP net income w ...
North America
Southwestern Energy announces third quarter 2014 financial and operating results
Southwestern Energy Company (NYSE: SWN) announce its financial and operating results for the quarter and nine months ended September 30, 2014. "The strength of the portfolio continues to demonstrate our ability to generate record production and attractive returns, ...
North America
Delphi Energy successfully completes its sixth Montney horizontal well of 2014
BIGSTONE MONTNEY Delphi Energy Corp. (TSX:DEE) has successfully completed its sixth Montney horizontal well of 2014 at 3-26-59-23 W5M ("3-26") in East Bigstone. The 3-26 well (100 percent working interest) was drilled to a total depth of 5,593 metres with a h ...
North America
Archer Petroleum announces resignation of Director
Archer Petroleum Corp (TSX VENTURE:ARK)(DBFrankfurt:A6VA), announces that Joanne Yan has resigned from the Board due to time constraints effective immediately. "I would like to thank Joanne for her contribution to Archer, and we look forward to continuing to work w ...
North America
Sterling Energy issues Interim Management Statement for the period beginning 1 July 2014
Cameroon The Ntem Concession is a large under-explored block, in water depths ranging from 400m to 2,000m, in the prospective southern Douala - Rio Muni Basin, offshore Cameroon. The Ntem Concession was under force majeure from June 2005 to January 2014 as a result o ...
Africa
Nighthawk's continued focus on driving production growth
Nighthawk, the US focused oil development and production company (AIM: HAWK and OTCQX: NHEGY), announces an update on production and drilling at its 100% controlled and operated Smoky Hill and Jolly Ranch projects in the Denver-Julesburg Basin, Colorado. Highlights A ...
West Europe
Ophir signs exploration and production sharing contracts for two additional blocks, offshore Gabon
Ophir Energy plc announces it has expanded its footprint offshore Gabon by signing exploration and production sharing contracts for two additional blocks. The new blocks, A3 and A4, are located outboard of Ophir's existing acreage in the North Gabon basin. Block A3 ...
Africa
Horse Hill-1 discovers oil accumulation
Solo Oil announces that, following preliminary evaluation of the electric logs, the Horse Hill-1 well has discovered an oil accumulation in the conventional Upper Jurassic Portland Sandstone at a top reservoir depth of 1,791 feet TVDss. A preliminary most likely est ...
West Europe

Thursday, October 23, 2014

Low oil prices hurting U.S. shale operations
Slumping oil prices are putting pressure on U.S. drillers. The number of active rigs drilling for oil and gas fell by their most in two months, according to the latest data from oil services firm Baker Hughes. There were 19 oil rigs that were removed from operation as ...
North America