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Friday, August 26, 2016

OPEC members' net oil export revenue in 2015 drops to lowest level since 2004

Source: U.S. Energy Information Administration, derived from data in the Short-Term Energy Outlook Note: Data before 1994 do not include Angola or Ecuador. Figure does not include Gabon, which rejoined OPEC on July 1, 2016. Members of the Organization of the ...

Oil Market Jigsaw Puzzle: Putting The Pieces Together

THE data has long told us that the efficiency of the US shale oil process is constantly improving. For instance, the above chart shows that in just in one shale-oil field in the US - the Bakken in North Dakota and Montana - the amount of oil each well can pro ...

Lucas Energy enters agreement to fund development of Eagle Ford shale assets

Lucas Energy, Inc. (NYSE MKT: LEI), an independent oil and gas company with its operations in central Texas, today announced that its wholly-owned subsidiary, CATI Operating, LLC ('CATI'), entered into an agreement with its senior lender, as evidenced by a pro ...

Altura Energy announces acquisition of oil assets in East Central Alberta

Altura Energy Inc. (TSX Venture: ATU) is pleased to announce it has entered into an agreement to purchase high quality oil assets strategically located in east central Alberta for cash consideration of $4.0 million, subject to customary closing adjustments. Th ...

Renaissance Oil Corp nnounces acquisition of its fourth block in Mexico

Renaissance Oil Corp. (TSX-V: ROE) is pleased to announce the Company has entered into a license contract for the development of the Pontón block in Veracruz, Mexico. Pontón is approximately 12km² (2,965 acres) and now the fourth property, i ...

VAALCO Energy resumes production at Avouma

VAALCO Energy, Inc. (NYSE: EGY) has announced that the secondary electric submersible pump (ESP) in the Avouma 2-H well on the Avouma Platform offshore Gabon in the Etame Marin Permit was recently started and the well is now producing at a stable rate. As pre ...

MCW Energy Group closes acquisition of controlling stake of E&P company

MCW Energy Group Limited (TSX VENTURE:MCW)(OTCQX:MCWEF), a Canadian holding company involved in the development of environmentally-friendly oil sands technologies and the production of oil from Utah's oil sands, announces the closing of a previously announced ...

Antrim Energy announces 2016 second quarter results

Antrim Energy Inc. (TSX VENTURE:AEN)(AIM:AEY), an international oil and gas exploration company, today reported its financial results for the three and six month period ended June 30, 2016. All financial figures are unaudited and in US dollars unless otherwis ...

Petrolia announces changes to management team

Pétrolia Inc. (TSX VENTURE:PEA) announces changes to its management team following Alexandre Gagnon's notice to the Board of Directors that he is resigning as CEO and member of the Board. The Company would first like to acknowledge the enduring legacy ...

Guidon Energy and Blackstone Energy Partners announce a new Permian Basin platform and first asset acquisition

Guidon Energy ('Guidon'), an oil and gas partnership headquartered in Dallas, Texas, and Blackstone Energy Partners, an affiliate of Blackstone (NYSE:BX), announce their recently formed platform company in the Midland Basin and purchase in April of this year o ...

Amazing Energy Oil and Gas Co. continues development in Pecos County, Texas

Amazing Energy Oil and Gas Co. (AMAZ) is pleased to announce recent results from its Pecos County, Texas property. Reese Pinney, Chief Operating Officer, reported, 'The Company has closed the acquisition of Jilpetco, which greatly improves operational and cos ...

Oil price, Sound Energy, Victoria Oil & Gas, Falcon Oil & Gas, And finally...

Oil price A lot of to-ing and fro-ing in the oil markets which will probably end up slightly down on the week. After the poor inventory stats yesterday was up, partly as Iran confirmed that it would attend the Opec 'meeting' in Algeria and partly as there was ...

Polyard Petroleum announces results of Polyard-3 testing operation

This announcement is made by Polyard Petroleum International Group Limited, pursuant to Rule 17.10(2) of the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited and Inside Information Provisions ...

Petro Matad announces interim results for the first half of 2016

Petro Matad Limited, the AIM quoted Mongolian oil explorer, is pleased to announce its unaudited interim results for the six months ended 30 June 2016. Financial Summary The Group posted a profit of USD 0.1 million for the six-month period ended 30 June 2016 ...
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