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Jericho Oil acquires additional productive acreage in prolific oil producing channel
Jericho Oil Corporation (TSX-V: JCO, Frankfurt: JLM) announce it has added production and an additional 475 development acres in Miami County, Kansas. The new acreage, located within two miles of Jericho's existing EKan-3 leases and which runs along the same prolifi ...
North America
Legend Oil and Gas announces mutual settlement and release agreement with the National Bank of Canada
Legend Oil and Gas Ltd. (OTC Markets: LOGL) announce that Legend and National Bank of Canada ("NBC") have signed a mutual release and settlement agreement (the "Agreement"). NBC is the Senior lender for the company's sole wholly owned Canadian su ...
North America
Gray Fox Petroleum provides a corporate and operational update on its West Ranch Prospect project
Gray Fox Petroleum Corp. (OTCQB:GFOX) provide a corporate and operational update on its West Ranch Prospect project (100% Working Interest; 82% Net Revenue Interest). Gray Fox has engaged Dawson Geophysical Company ("Dawson Geophysical"), to undertake its But ...
North America
PanTerra enters into agreement to acquire additional assets in the Alberta foothills
PanTerra Resource Corp. (TSX VENTURE:PRC) announce that it has entered into an arm's length purchase and sale agreement dated August 19, 2014 (the "Purchase and Sale Agreement") with a public Canadian oil and gas company to acquire (the "Acquisition&q ...
North America
SandRidge Energy announces executive management changes
SandRidge Energy, Inc. (NYSE: SD) announces changes in leadership within its executive management team. Craig A. Johnson, 47, has been promoted to Executive Vice President of Operations. Mr. Johnson joined the company in July 2007 as Vice President of Operations and ha ...
North America
Polarcus successfully completes UKCS program for TGS
Polarcus Naila has continued to deliver superior performance since her propulsion upgrade in April this year. The modern 3D seismic vessel has recently completed a two month program for TGS-NOPEC towing a large 12 streamer spread offshore of the UK Shetland Islands. Thi ...
West Europe
Contact Exploration's Kakwa development continues with successful multi-well pad drilling
Contact Exploration Inc. (TSX VENTURE:CEX) announce that the three Contact operated wells, at 2-18-63-5 W6M, 8-20-63-5 W6M and 9-20-63-5 W6M (collectively, the "New Wells"), drilled from the Company's first three-well pad, have each been successfully compl ...
North America
Miller Energy Resources announces updated reserve report
Miller Energy Resources, Inc. (NYSE: MILL) announced a substantial increase in the estimated value of its reserves located in the Cook Inlet area of Alaska as determined by Ryder Scott Company (RSC), an independent petroleum reserves engineering consulting firm, in a re ...
North America
Donnycreek provides Kakwa operations update
Donnycreek Energy Inc. (TSX VENTURE:DCK) reports that all three 50% working interest wells 2-18-63-5 W6M, 8-20-63-5 W6M and 9-20-63-5 W6M (collectively "New Wells") from the Company's first three-well pad ("7-19 Pad") have been successfully compl ...
North America
Victory Energy Corporation issues updated reserve report
Victory Energy Corporation, (OTCQX: VYEY) a rapidly growing, Permian Basin focused oil and gas company, today issued an updated reserve report showing a 62.6% increase in the PV-10 value of its reserves based on a report issued by Cambrian Management Ltd., an independen ...
North America
Russia-China deal will supply Siberian natural gas to China's northern, eastern provinces
Source: U.S. Energy Information Administration, International Energy Outlook 2013, IHS Energy, Eastern Bloc Research Note: Volumes shown for Russia-China gas deal assume minimal contract obligations. Increases in these volumes will lessen the amount needed from LNG imp ...
Asia Far East
Woodside achieves record first half profit of US$1.105 billion
Woodside has achieved a record half-year reported net profit after tax (NPAT) of US$1.105 billion, underpinned by record production of 46.5 MMboe and record operating revenue of US$3.551 billion for the period. Financial headlines for 1H 2014 Record half-year operati ...
Australasia
WesternZagros declares commercial discovery at Kurdamir
WesternZagros Resources Ltd. (TSX VENTURE:WZR) and its co-venturer, Talisman (Block K44) B.V. ("Talisman"), have submitted a Declaration of Commercial Discovery ("DoC") to the Kurdistan Regional Government ("KRG") for the oil and gas discov ...
Middle East
Two MacGregor subsea cranes ordered for Chinese PSVs
MacGregor, part of Cargotec, has secured a new contract from Chinese shipbuilder, Fujian Mawei Shipbuilding Ltd, for two 100-tonne active heave-compensated subsea MacGregor cranes. The cranes will be fitted to two 86-metre multi-purpose platform supply vessels (PSVs) un ...
Asia Far East
Venoco announces 2nd quarter 2014 financial and operational results
Venoco, Inc. reported financial and operational results for the second quarter of 2014. The company reported a net loss of $8.7 million for the quarter on total revenues of $67.0 million. Adjusted Earnings, which adjusts for unrealized derivative gains and losses and c ...
North America
INPEX to transfer 1.2% of Ichthys LNG Project equity to Kansai Electric Power Co., Inc.
INPEX CORPORATION (INPEX) announced today it has agreed to transfer 1.2% of its equity interest in the Ichthys LNG Project to Kansai Electric Power Co., Inc. (Kansai Electric Power). The agreed transfer is required to meet all conditions precedent including approval by ...
Australasia
Platts JKM LNG prices for September delivery plunged 33.1% on weak demand
Prices of spot liquefied natural gas (LNG) for September delivery to Asia plummeted 33.1% year over year to an average $10.702 per million British thermal units (/MMBtu), the latest Platts Japan/Korea Marker (Platts JKM™) for month-ahead delivery showed. The drop ...
Asia Far East
Bumi Armada appointed as the FPSO Lease Contractor for the Madura BD Field
Bumi Armada Berhad announce that its wholly-owned subsidiary, Bumi Armada Offshore Holdings Limited ('BAOHL') together with its joint venture company, PT Armada Gema Nusantara ("PT AGN") (collectively, the 'Consortium') have been appointed as t ...
Asia Far East
AWE Limited provides an update on Senecio-3 drilling
AWE Limited (ASX: AWE), as Operator of Permits L1/L2 in the Perth Basin, Western Australia, advises that as at 06:00 hours (6.00am) AWST yesterday, the Senecio-3 appraisal well was at a measured depth of 2,691m in an 8 ½ inch hole and was running in the hole befo ...
Australasia
Phoenix South-1 well completed drilling to a depth of 4,595 metres measured depth after encountering the Locker shale
Carnarvon Petroleum Limited (ASX:CVN) is pleased to advise that the Phoenix South-1 well has completed drilling to a depth of 4,595 metres measured depth ('MD') after encountering the Locker shale. A further two minor sands were encountered during the additiona ...
Australasia