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NOVATEK Launches Commercial Production at the Yarudeyskoye Oil Field

OAO NOVATEK ('NOVATEK' and/or the 'Company') announced the start of commercial production at the major Yarudeyskoye oil field, which is expected to rapidly reach its planned daily production level equivalent to approximately 3.5 million tons of crude oil on an ...

Lekoil announces acquisition of Afren's Participating Interest in OPL 310

Lekoil (AIM: LEK), the oil and gas exploration and production company with a focus on Nigeria and West Africa, has agreed to acquire Afren plc's ('Afren') entire 22.86% participating interest in OPL 310, which contains the Ogo discovery, for a total cash consi ...

Amerisur Resources provides Ecuador-Colombia Interconnector update

Amerisur Resources Plc, the oil and gas producer and explorer focused on South America, is pleased to provide an update on the project to connect the Platanillo field in Colombia with the oil pipeline system in Ecuador, named Oleoducto Binacional Amerisur (OBA ...

Changes to Oil & Gas UK's board announced

Oil & Gas UK, the representative organisation for the UK offshore oil and gas industry, today (30 November) announces a number of appointments of member company representatives to its Board. The appointment of Elisabeth Proust, managing director of Total, to ...

EPI to support GNPC seismic exploration of Voltaian Basin

EPI Group (EPI) Ghanaian Joint Venture Company - EPI SonarTusk - has signed a contract to provide project management consultancy to support seismic exploration by Ghana National Petroleum Corporation (GNPC) in the Voltaian Basin. The two-year contract will see ...

Statoil to divest interest in Trans Adriatic Pipeline for EUR 208 million

Following the divestment of its share in the Shah Deniz gas field in Azerbaijan, Statoil has agreed to sell its 20% interest in Trans Adriatic Pipeline AG to the Italian gas infrastructure company Snam SpA for a total consideration of EUR 208 million. This am ...

Atlas Development & Support Services Limited - Kenya Update

Atlas (AIM, NSE: ADSS) announces that it has taken the decision to place its Kenyan subsidiaries into liquidation by way of a Creditors Voluntary Liquidation. The downturn in the oil and gas industry, market adjustments and the failure of certain key clients t ...

Sterling Energy provides update on Ntem Concession, offshore Cameroon

Sterling Energy plc (the 'Company'), the AIM listed oil and gas exploration company (AIM: SEY), provides the following update on the Ntem Concession, offshore Cameroon. The Company is aware that Société Nationale des Hydrocarbures ('SNH'), the s ...

ISIS, Turkey And Oil - The Bigger Picture: Interview With Pelicourt

As the terrorist attack in Paris sparks worldwide fear of similar reprisals and a bloody shootout and hostage situation in a five-star Mali hotel exacerbates those concerns, global energy security reels under the pressure of unfathomable geopolitics. In an exc ...

Platts Pre-Report Survey of Analysts' EIA Data Suggests: 100,000-Barrel Build in U.S. Distillate Stocks

With distillate stocks on the U.S. Atlantic Coast (USAC) showing few if any signs of dropping, analysts and traders are likely eyeing total storage levels in the region when the data is released by the U.S. Energy Information Administration (EIA) this week. A ...

EIA expands monthly reporting of crude oil production with new data by API gravity

New data released today by the U.S. Energy Information Administration (EIA) show that for the first nine months of 2015, the majority of crude oil produced in the Lower 48 states was light oil. As categorized by API gravity, a measure of the density of oil, th ...

Monday, November 30, 2015

How our shale future is affected by climate change commitments

As world leaders and negotiators gather in Paris for the 2015 United Nations climate change conference (known as the 21st Conference of the Parties or COP 21, between 30 November and 11 December), Uisdean Vass and Sarah Holmes of Bond Dickinson take a look at ...

Tuscany Energy announces new heavy oil pool discovery

Tuscany Energy Ltd. (TSX VENTURE:TUS) is pleased to announce that it has drilled and cased a new Dina heavy oil pool discovery at Winter, Saskatchewan. The Tuscany Winter HZ 91/5-36-42-25W3 encountered 713 metres of porous oil saturated sand in the Dina zone. ...

U.S. oil and natural gas reserves both increase in 2014

Source: U.S. Energy Information Administration, U.S. Crude Oil and Natural Gas Proved Reserves U.S. crude oil and lease condensate proved reserves increased by 9% to 39.9 billion barrels, and natural gas proved reserves increased by 10% to 389 trillion cubic ...
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