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Friday, February 5, 2016

Oil Production Vital Statistics January 2016

Market fundamentals point to chronic over-supply of crude oil throughout 2016. The technicals point to the makings of an oil price rally. A strong price rally from current levels may extend the situation of chronic over-supply that may have a debilitating impa ...

Osage Exploration and Development files for bankruptcy

Osage Exploration and Development, Inc. (OTCBB: OEDV), an independent exploration and production company focused on the Horizontal Mississippian and Woodford plays in Oklahoma, announced that on Tuesday, February 3, 2016, it filed a voluntary petition for reli ...

US Oil Sands Inc. provides project and financing update

US Oil Sands Inc. (TSX VENTURE:USO), a company focused on oil sands exploration and production in Utah, announces that it has completed a detailed review of its PR Spring Phase 1 Project in light of continued low oil prices and the closure of two key contracto ...

CONSOL Energy announces reserves update

During 2015, CONSOL Energy Inc. (NYSE: CNX) added 934 Bcfe (net to CONSOL) of proved reserves through extensions and discoveries. As of December 31, 2015, total proved reserves were 5.6 Tcfe, which included 583 Bcfe, or 10.3%, of oil, condensate, and liquids. ...

Frontier Resources provides corporate update; new Chairman appointed

The Board of Frontier (AIM Ticker: FRI) announces that the Company has today conditionally issued, though a direct subscription, 4,750,000,000 new ordinary shares of 0.01p each with existing and new investors at a placing price of 0.03p per Subscription Share ...

Electrification of the Automobile - The Challenges for the Oil & Gas Industry

Not too long ago, only the wealthy and well to do could afford television and only handful of households were connected with the direct telephone lines (a symbol of pride). In the 1950s and 1960 television was still largely in black and white, and for internat ...

LINN Energy announces process to explore strategic alternatives

US company LINN Energy has initiated a process to explore strategic alternatives to strengthen its balance sheet and maximize the value of the Company. 'Efficient management of our stable asset base and aggressive cost management are driving meaningful value ...

Baker Hughes announces January 2016 rig counts

Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for January 2016 was 1,045, down 50 from the 1,095 counted in December 2015, and down 213 from the 1,258 counted in January 2015. The international offshore rig count for Jan ...

Oil price, Faroe, Velocys, Sound Energy, And finally...

Oil price The oil price drifted yesterday, concerns about the US economy after recent farcical statements from the Fed and of course today is Non-farm payroll day, much to watch. Also, Saudi Aramco announced that it was cutting prices to European, Asian and ...

Greka Drilling provides operations update to 31 December 2015

Greka Drilling Limited (AIM: GDL), the largest independent and specialised unconventional oil & gas driller in Asia, is pleased to provide an operations update to 31 December 2015. OPERATIONAL HIGHLIGHTS 62 wells were drilled in 2015 (2014: 45 wells) a 38% in ...

Velocys announces ENVIA Energy GTL plant project progress

Velocys plc (VLS.L), the company at the forefront of smaller scale gas-to-liquids (GTL), is pleased to announce that ENVIA Energy's EPC contractor, Ventech Engineers, has signed the final major contract, covering installation of process modules, related piping ...

Brian Bagnell's Tips for Smart Oil and Gas Investing

In today's tough price environment where most oil and gas juniors are losing money, a strong balance sheet is the key to survival, says Brian Bagnell. Access to liquidity will also help these companies hold on until prices rise again. Bagnell, a research analy ...

Genel Energy receives payment for KRI oil exports from the Taq Taq field

Genel Energy plc is pleased to announce that the Taq Taq field partners have received a gross payment of $16.3 million from the Kurdistan Regional Government ('KRG') for oil exported through the Kurdistan Region of Iraq-Turkey pipeline. Genel's share of the gr ...

BG Group announces 2015 fourth-quarter and full-year results

Full Year Key Points E&P production 704 kboed, up 16%; ramp up in both Australia and Brazil; 282 LNG cargoes delivered, up 58% Lower commodity prices impacted financial results Upstream EBITDA $4 167 million, down 35% LNG EBITDA $1 456 million, down 46% Busine ...
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