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Oil Prices: A Turkey Becomes Airborne, Danger Ahead

OIL prices rose yesterday, despite the latest Energy Administration Information (EIA) report for the week ending 28 August revealing that: Total US commercial stocks grew by 5.7 million barrels a day - and at 1.29 billion barrels are the highest level ever rea ...

Kicking Horse Energy announces appointment of Vice-President Finance and Chief Financial Officer

icking Horse Energy Inc. (TSX VENTURE: KCK) is pleased to announce the appointment of Mr. Aaron Grandberg as Vice President, Finance & Chief Financial Officer. Mr. Grandberg brings extensive financial experience to Kicking Horse, most recently as Chief Financi ...

Strata-X announces rig mobilization for Lingle appraisal well

Strata-X Energy (TSX VENTURE:SXE)(ASX:SXA) - Webster Drilling is mobilizing drilling rig for the Kuhlig #1 well. Kuhlig #1 is a 12 Km step-out appraisal well of the Burkett 5-34 horizontal well that reached 300 BOPD. Strata-X expects the well to be spudded on ...

Parex announces new Colombian oil discoveries; increases 2015 production guidance

Parex Resources Inc. (TSX: PXT), a company focused on Colombian oil exploration and production, is pleased to announce three new Colombian oil discoveries on blocks LLA-26 and LLA-34, and increased oil production guidance for 2015. All amounts herein are in Un ...

Oil price, Egdon/Europa, Hurricane, And finally...

Oil price As the weekend approaches and we see some consolidation in oil prices the markets are as uncertain as ever and looking further out there is no strong feeling of security. I suspect that market participants, as we can call them, will be happy enough ...

InfraStrata provides update on the post Islandmagee-1 well programme of works

InfraStrata plc (AIM:INFA), the independent petroleum exploration and gas storage company, is pleased to provide an update on the programme of works on the Islandmagee gas storage project in Northern Ireland following completion of the drilling of the Islandma ...

Roxi Petorleum provides BNG operations update

Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to further update the market with news of progress at its flagship BNG asset. Shallow Wells Well 143 Roxi is pleased to announce a new discovery at the MJ-F structure located ...

Extracting the Truth

People are afraid of choices. Sure, traditional wisdom (the kind espoused by grey-faced jobcentre coaches and your mum's marriage advice) would like us to believe that choice empowers us, brings our decisions to the boil, and leaves us safe and happy that what ...

Statoil plugs and abandons wildcat well following small oil discovery

Statoil Petroleum AS, operator of production licence 104, has concluded the drilling of wildcat well 30/9-27 S. The well was drilled around 7 kilometres west of the Oseberg Sør-field in the northern part of the North Sea, 150 kilometres west of Bergen. ...

Northcote Energy provides update on participation in Mexican Onshore Field Bid Round

Northcote (AIM: NCT) is pleased to announce that, further to its previously announced intention to secure and develop onshore conventional fields in Mexico, the Company has registered for, and been granted, access to the data room being administered by the Nat ...

Europa Oil & Gas: Wressle discovery could be bigger and more productive than first thought following results of extended well testing

Europa Oil & Gas (Holdings) plc, the AIM quoted oil and gas company with producing and exploration assets in Europe, is pleased to note today's update from Egdon Resources regarding Extended Well Test operations on the Penistone Flags oil zone and the Ashover ...

Gazprom and OMV move forward with long-term business projects

Today in Vladivostock, a working meeting has been held between the Chairman of the Gazprom Management Committee, Alexey Miller, and OMV CEO Rainer Seele. During the meeting, a Term Sheet was signed regarding long-term business projects between Gazprom and OMV ...

Rosneft agrees sale of 15% in Vankorneft to ONGC Videsh

Rosneft and Indian ONGC Videsh Limited during the Eastern Economic Forum signed the agreement of sale and purchase of 15% in Vankorneft and shareholders agreement in regard of the enterprise management. The document was signed by the Chairman of Rosneft Manage ...

Petsec Energy's Mystic Bayou discovery well commences production

Petsec Energy is pleased to advise that its recent gas/condensate discovery well - the 16,700' RA SUA; Williams No. 2 Alternate well, which was drilled to 17,266 feet measured depth /16,873 feet true vertical depth, commenced production on 31st August 2015. Th ...
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