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Today

Fluor reports second quarter results
Fluor Corporation (NYSE: FLR) announced financial results for its second quarter ended June 30, 2014. Net earnings attributable to Fluor from continuing operations were $163 million, or $1.02 per diluted share, compared with $161 million, or $0.98 per diluted share a ye ...
North America
Africa: New land of opportunity? Ashley Kelty points to the positives
Oil and gas plays in Africa are no day at the beach, but they are more promising than the press would suggest, says Ashley Kelty, oil and gas equities analyst at Cenkos Securities Plc. Africa has locals with oil patch skills, abundant, accessible reservoirs and less vol ...
Africa
Fugro achieves innovation through integration
When Aberdeen-based Diamond Offshore wanted to add new functionality to the existing helideck monitoring system on the Ocean Guardian drilling rig in the North Sea, Fugro developed and delivered a fully integrated, user-friendly solution to fulfil the requirements. Sev ...
West Europe
Andes announces preliminary award of 3 discovered oil fields in Colombia bidding round 2014
The Board of Andes (AIM: AEN; BCBA: AEN) is pleased to announce, as part of the Colombia bidding round 2014, the preliminary award of three undeveloped fields with conventional oil discoveries, located in the Llanos basin in Colombia. Alejandro Jotayan, CEO of Andes, c ...
South America
MX Oil signs transformational JV with Mexican partner & raises £2 million to participate in vast re-opening energy sector in Mexico
MX Oil plc is pleased to provide an update on its activities in line with the Company’s strategy to explore investment opportunities in Mexico’s energy industry, which is being reopened to the private sector to attract greater foreign investment and expertis ...
North America
Northcote gains derisked exposure to Mexico's vast hydrocarbon potential through Strategic Agreement with MX Oil
Northcote (AIM: NCT) is pleased to announce that it has entered into an Agreement with MX Oil plc ('MX Oil'; AIM: MXO) (formerly Astar Minerals plc), the AIM listed company focused on opportunities in the upstream oil and gas sector in Mexico. Northcote became a ...
North America
3Legs Resources announces that the multi-stage stimulation of the Lublewo LEP-1ST1H lateral well successfully completed
3Legs Resources plc, an independent oil and gas group focusing on the exploration and development of unconventional oil and gas resources in Poland, announces the following operations update. Highlights: Baltic Basin: Lublewo LEP-1ST1H lateral well Multi-stage stimu ...
East Europe
Ithaca Energy announces completion of acquisition of interests in three UK producing oil fields
Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) report that, further to the announcement made on 23 June 2014, it has now completed the acquisition of the three UK producing oil field interests from Sumitomo Corporation ("Sumitomo"). Ithaca has acquired Summit Pe ...
West Europe
July 31 an amusing day for overpriced oil
Suddenly There Is Ample Supply Newswires and energy sites on the Internet desperately sought rational explanations of why oil could not only flirt with the '100 dollar benchmark' but (OMG!) fall well below it in just a few days of so-called 'hectic trading& ...
North America
Savannah Petroleum's first day of dealings on AIM
Savannah Petroleum, the Niger focused oil and gas company, is pleased to announce its admission to trading on AIM at 08:00 UK time today. Dealings in the company's ordinary shares will commence under the ticker AIM: SAVP. Summary The Placing, comprising the issue ...
West Europe
Pilot borehole completed under Wouri River for Bonaberi gas supply
Victoria Oil & Gas announces that drilling of a 678m single shot pilot borehole was completed under the Wouri River to Bonaberi in Douala, Cameroon on 31 July 2014. Once the borehole is reamed out and all pipework connected and tested, this extension will open a new mar ...
Africa
Rosneft closes the deal for the acquisition of oil field services from Weatherford International
Rosneft announces the close of the deal for the acquisition of land drilling and workover assets of Weatherford in Russia and Venezuela. The closure marks the realization of the agreement signed in July 2014 by Rosneft and Weatherford International plc. Rosneft acquir ...
Russia FSU
Sound Oil update investors on progress with the proposed second well addressing the Southern limb of the Nervesa gas discovery
Sound Oil, the European / Mediterranean focused upstream oil and gas company, is pleased to update investors on its continued progress with the proposed second well addressing the Southern limb of the Nervesa gas discovery, onshore Italy. The 5,000psi single completion ...
East Europe

Thursday, July 31, 2014

Oil technology should be driving costs down, not up
With the oil industry being worth more than £35bn annually to the UK economy alone, it is without a doubt one of the most powerful industries in the world.i And yet, there is a decline in the production of oil, especially in the North Sea which is directly affecti ...
West Europe
Exxon Mobil Corporation announces estimated second quarter 2014 results
Second Quarter First Half 2014 2013 % 2014 2013 % Earnings $ Millions 8,780 6,860 28 17,880 16,360 9 $ Per Common Share ...
North America
FieldPoint Petroleum provides an update on its recent activity
FieldPoint Petroleum Corporation (NYSE/MKT:FPP) provided an update on recent activity. Phillip Roberson, FieldPoint President and CFO, stated, "As the Ranger Project continues, we have now completed the third and fourth horizontal Taylor Sand wells in the Serbin F ...
North America
WPX Energy officially names Kevin Vann as CFO
WPX Energy officially named J. Kevin Vann as Senior Vice President and Chief Financial Officer. Vann has more than 20 years of experience in accounting and risk management. Vann had been serving in both roles on an interim basis since March. He was with WPX during its ...
North America
Junex tests 180 barrels of oil per day at its Galt No. 3 well
Junex Inc. (TSX VENTURE:JNX) announce that it has recovered 180 barrels of oil over a 24-hour period (or an "initial rate" of 180 barrels of oil per day) from a production test at its Galt No. 3 well. This well is on Junex's Galt Oil Property that is situa ...
North America
Apache reports 18 percent year-over-year pro forma North American onshore liquids growth for second-quarter 2014
Apache Corporation (NYSE, Nasdaq: APA) today announced second-quarter 2014 earnings of $505 million or $1.31 per diluted common share and adjusted earnings, which exclude certain items that impact the comparability of results, of $644 million or $1.67 per share. For the ...
North America
Second discovery boosts reserves on Tuna block offshore Indonesia
Premier Oil Plc's (Premier), latest exploration well offshore Indonesia has discovered wet gas reserves in the Singa Laut structure in the Tuna production-sharing contract. The Singa Laut-1 well penetrated 54 metres of gas-bearing reservoir quality sands within the ...
Asia Far East