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Rossukon-2ST sidetrack well provides encouraging results for KrisEnergy

KrisEnergy Ltd., an independent upstream oil and gas company, provides an update on the drilling of the Rossukon-2ST sidetrack exploration well in G6/48 in the Gulf of Thailand, which was drilled following the announcement on 24 March 2015 of the Rossukon-2 oi ...

Range Resources announces change of Company Secretary

In accordance with ASX Listing Rule 3.16.1 Range advises that Ms Rebecca Sandford has resigned as Company Secretary effective immediately. Range's Chief Financial Officer, Mr Nick Beattie, has been appointed as a Joint Company Secretary. Ms Sara Kelly continu ...

Saudi Aramco signs new standby credit facilities with 27 financial institutions

As part of the Company's strategy of maintaining financial flexibility, Saudi Aramco has signed a new standby revolving credit facilities agreement. The USD 10 billion standby revolving credit facilities agreement replaces the existing USD 4 billion facilities ...

ExxonMobil begins production at Hadrian South in Gulf of Mexico

Exxon Mobil Corporation (NYSE:XOM) announced today it began production in the deepwater Gulf of Mexico at Hadrian South with facilities tied back to the nearby Lucius project, reducing additional infrastructure requirements. Daily gross production from Hadria ...

88 Energy releases 2014 annual report

88 Energy Limited (ASX:88E; AIM:88E) advises that a copy of the Company's Annual Report for the year ended 31 December 2014 has been lodged on the ASX and is also available on the Company's website. The Annual Report was sent to shareholders today. Set out be ...

Petrus Resources Ltd. announces fourth quarter and annual 2014 results, setting new records for production, cash flow and reserves

Petrus Resources Ltd. is pleased to report operating and financial results for the fourth quarter and the 2014 fiscal year, in which the Company set new records for production, cash flow and reserves. Petrus began 2014, its third full year of operations, with ...

Logan International reports 2014 financial results

Logan International Inc. (TSX:LII) today reported the results of its fourth quarter and year ended December 31, 2014. Recent highlights include: Effected a reduction of almost $3 million in annual administrative expenses as a result of our review and restruct ...

New Zealand: Block Offer 2015 Release Areas announced

Speaking at the Advantage 2015 Petroleum Summit, Energy and Resources Minister Simon Bridges today opened the Block Offer 2015 tender for petroleum exploration permits. Block Offer 2015 features 429,298 square kilometres of acreage, including three onshore ar ...

Oil price, Statoil, Lamprell, Borders & Southern, And finally...

Oil price Almost all the pointers right now are downward arrows some of which are potentially have quite serious consequences. Last week WTI gained $3 but Friday's fall meant that Brent was only flat, today both are weaker again. It is not wrong to suggest th ...

Harvest Natural Resources announces 2014 fourth quarter and full-year results

Harvest Natural Resources, Inc. (NYSE: HNR) today announced 2014 fourth quarter and year-end earnings. Harvest posted a fourth quarter 2014 net loss of $179.7 million, or $4.23 per diluted share, compared with a net loss of $122.7 million, or $3.02 per dilute ...

Resolute Energy Corporation sells non-core assets, announces board changes

Resolute Energy Corporation (NYSE: REN) announced today that it has entered into a definitive agreement to sell certain non-core assets in the Midland Basin portion of the Permian Basin in west Texas. The properties will be sold to a private party for a purcha ...

Hedge funds moving away from 'buy on the dips' strategy

In recent years, financial markets have believed that 'everything is for the best in this best of all possible worlds'. Good news has taken markets higher. So has bad news - as investors assume policymakers will apply more stimulus. As a result, a whole gene ...

BASF names new head of Wintershall

Mario Mehren, currently a member of the Board of Executive Directors of Wintershall responsible for Exploration & Production Russia, North Africa and South America, has been named President of BASF's Oil & Gas division effective July 1, 2015, and in this funct ...

Steam Oil updates pilot project evaluation

Since being awarded, in the 28th seaward licensing round, Licence P2244, which covers the well appraised Pilot and Harbour fields, The Steam Oil Production Company has been progressing internal studies on the Pilot development project. This work has increased ...
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