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Jura Energy announces extension in the maturity date of C$ 11 million credit facility
Jura Energy Corporation (TSX:JEC) announce that it has entered into an amended loan agreement with its principal shareholder, Eastern Petroleum Limited ("EPL"), pursuant to which EPL has agreed to extend the repayment date of Jura's existing C$ 11 million ...
North America
Tamarack Valley Energy closes its Wilson Creek acquisition
Tamarack Valley Energy Ltd. (TSX VENTURE:TVE) announce that it has, through its wholly-owned subsidiary, successfully completed its previously announced acquisition of 100% of Suncor Energy's interests in the Wilson Creek area of Alberta (the "Acquisition" ...
North America
Magnum Hunter Resources announces sale of certain non-core assets located in Divide County, North Dakota
Magnum Hunter Resources Corporation (NYSE: MHR) (NYSE MKT: MHR.PRC) (NYSE MKT: MHR.PRD) (NYSE MKT: MHR.PRE) announce that Bakken Hunter, LLC, a wholly-owned subsidiary of the Company, closed on the sale of certain non-core and non-operated working interests in oil and g ...
North America
Crew Energy announces closing of Princess, Alberta asset disposition
Crew Energy Inc. (TSX:CR) announce that it has closed its previously announced disposition of its petroleum and natural gas assets in the Princess area of Southeast Alberta, with an effective date of August 1, 2014 (the "Princess Disposition"). Full details re ...
North America
Edgo Energy secures licenses for the Qarordon and Surkhsimo blocks in Tajikistan
Edgo Energy announce that it has secured licences for the Qarordon and Surkhsimo (formerly called Karadum and Kyziltumshuq respectively) blocks in Tajikistan and has also signed a service agreement with Klarenco, a Moscow-based subsurface interpretation company. Klaren ...
Asia Far East
Eden executes formal agreement to merge UK gas and petroleum assets with existing UK joint venture partner
SUMMARY Eden has signed a conditional formal Merger Agreement with its existing UK gas and petroleum Joint Venture partners to merge their respective interests on the following terms: Eden’s wholly owned Australian subsidiary, Adamo Energy Ltd (“Adamo AU& ...
West Europe
Should we be in the Arctic?
The sanctions-driven freeze on US and European involvement in the Russian Arctic gives us time to consider a fundamental question: Should we be exploring in the Arctic at all? On the one hand, as an explorer I am aware of, even excited by, USGS notions that the Arctic ...
North America
Bonavista Energy Corporation announces changes to Executive Officers
Bonavista Energy Corporation (TSX:BNP) would like to announce the following changes to our management team: Mr. Bruce Jensen has been promoted to the position of Chief Operating Officer effective October 1st, 2014. Mr. Jensen is a Professional Engineer and has over 30 ...
North America
Cardinal Energy announces closing of second Wainwright acquisition
Cardinal Energy Ltd. (TSX:CJ) announce that it has completed its previously announced acquisition in the Wainwright area of Alberta. The acquired assets are 99.4% operated, include a high working interest in the associated facilities and are consistent with our strategy ...
North America
Endeavour International Corporation announces closing of $440 million senior secured first lien term loan and forbearance agreement with noteholders
Endeavour International Corporation (NYSE: END) (LSE: ENDV) announce the closing of a $440 million senior secured term loan (the "Credit Agreement") with an annual interest rate of LIBOR plus 10% (with a LIBOR floor of 1%), that matures on January 2, 2017. The ...
North America
National Oilwell Varco Announces $3 Billion Share Repurchase Plan
National Oilwell Varco, Inc. (NYSE: NOV) announce that its Board of Directors has authorized a share repurchase program to purchase up to $3 billion of the company's outstanding common stock. Clay C. Williams, National Oilwell Varco's Chairman, President and CE ...
North America
ExxonMobil details risk management practices for unconventional resources development
ExxonMobil today released a report that outlines for shareholders how the company assesses and manages risks associated with developing unconventional resources, including through hydraulic fracturing. “Hydraulic fracturing has been responsibly and safely used by ...
North America
Dragon Oil awarded exploration Blocks in Algeria
Dragon Oil plc (Ticker: DGO), an international oil and gas exploration, development and production company, is pleased to announce today that Dragon Oil in partnership with ENEL Trade S.p.A. ("Enel") has been awarded two exploration blocks ("perimeters&qu ...
North Africa
Future innovation in the oil and gas sector will be driven by collaboration and innovation, finds a major new study
Global research from Lloyd’s Register Energy confirms the priorities up to 2025. In the latest industry opinion survey, Lloyd’s Register Energy, the leading compliance, risk and technical consultancy services group, has today released its findings from a m ...
West Europe
Plexus wins significant order from BG Group
Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, known for its safety, time and cost saving capabilities, is pleased to announce it has received a purch ...
West Europe
Union Jack Oil: Exercise of warrants and director dealing
Union Jack Oil plc, an onshore oil and gas exploration company with a focus on drilling and development opportunities in the United Kingdom hydrocarbon sector announces that on 30 September 2014 it received notice for the exercise of 20,000,000 warrants thereby generati ...
West Europe
Gulf Keystone Petroleum provides an update on operations at Shaikan
Gulf Keystone Petroleum Limited, an exploration and production company with operations in the Kurdistan Region of Iraq, today provides an update on the Company's operations at Shaikan, its key producing asset. The Company remains focused on achieving the target of ...
Middle East
President Energy successfully completes first stage of drilling on the Lapacho well
President Energy confirm that it has successfully completed the first stage of drilling on the Lapacho well and has cased the well to a depth of 3,200 metres, approximately 1,100 metres above the projected start of the target reservoir. The Company is now preparing to d ...
North America
Deloitte: Licensing rounds
Ministry of Energy and Mineral Resources launches International 2014 Bid Round for three blocks in Jordan The Jordanian Ministry of Energy and Mineral Resources (MEMR) announced the launch of The International 2014 Bid Round on 20 August 2014. More> Ministry of Ene ...
Middle East

Tuesday, September 30, 2014

Rift Energy enters into next exploration phase in Kenya and seeks farm-out partner
Rift Energy Corp. announce it is entering into the first additional two-year exploration program on Block L19 in Kenya after meeting or exceeding all contractual requirements of the initial two-year exploration program. Rift Energy is now obligated to either acquire 500 ...
Africa