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Friday, April 29, 2016

Neos to acquire the Multi-Physics business from CGG for an undisclosed sum

Neos today announced an agreement with CGG SA (CGG:PAR,ADR:NYSE:CGG) to acquire its Multi-Physics business group, its General Geophysics Italy group and its data libraries for an undisclosed sum. This acquisition will be transformational for Neos. As a result ...

Skyland acquires 20% interest in potential production project in Georgia

Skyland Petroleum Limited (ASX: SKP) is pleased to announce the completion of its acquisition of a 20% interest in the Block XIG Production Sharing Contract ('PSC') in the Republic of Georgia. In November 2015, the Company signed an agreement with its local p ...

Petrofac becomes Duty Holder for BP Miller, located in the Central North Sea

Petrofac has been awarded a Duty Holder contract from BP to support the late life management of the Miller platform, located in the Central North Sea. The contract is for 'life of asset' but has a four-year ceiling at which point extension options will be rev ...

Suncor Energy to acquire additional interest in Syncrude

Suncor today announced that it has agreed to acquire a further position in Syncrude, purchasing the five per cent interest from Murphy Oil Corporation's Canadian subsidiary at a purchase price of approximately $937 million, subject to closing adjustments. The ...


88 Energy provide report for the quarter ended 31 March 2016

Report on Activities for the Quarter ended 31 March 2016 The Directors of 88 Energy Limited ('88 Energy' or the 'Company', ASX & AIM:88E) provide the following report for the quarter ended 31 March 2016. Highlights Phase I Evaluation of Icewine#1 Exploratio ...

Circle Oil reserves and contingent resources update

Reserves and Contingent Resources Update Circle Oil plc (AIM: COP) the international oil and gas exploration, development and production company, announces the results of the Company's 2015 year-end reserves and resources assessment. The Company has engaged a ...

Ophir Energy cancels talks with Schlumberger on the Fortuna FLNG project

Ophir provides an update on the project workstreams leading to Final Investment Decision ('FID') on the Fortuna FLNG Project: 1) Since the 26 January 2016 announcement of a non-binding Heads of Terms Agreement with Schlumberger for upstream participation, Sch ...

Premier complete the acquisition of UK North Sea assets from E.ON

The Board of Premier is pleased to announce that following receipt of all necessary approvals, the acquisition of the UK North Sea assets from E.ON has now completed. Tony Durrant, Chief Executive, commented: 'We are pleased to have completed the acquisition ...

Thursday, April 28, 2016

ConocoPhillips reports a first-quarter 2016 net loss of $1.5 billion

ConocoPhillips (NYSE:COP) today reported a first-quarter 2016 net loss of $1.5 billion, or ($1.18) per share, compared with first-quarter 2015 earnings of $272 million, or $0.22 per share. Excluding special items, first-quarter 2016 adjusted earnings were a ne ...

Sinopec 2016 first quarter's net profit grows over 200% YoY

China Petroleum & Chemical Corporation (Sinopec) (HKEX: 386; SSE: 600028; NYSE: SNP) today announced its unaudited results for the three months ended 31 March 2016. Financial Highlights Amid low oil prices, the Company's mid- and down-stream segments became t ...

Polarcus announce a new capital structure

Polarcus Limited (OSE: PLCS) announces the release of its first quarter 2016 financial statements. HEADLINES Q1 2016: Revenues of USD 63.7 million, down 12% from Q4 2015 Gross cost of sales of USD 53.4 million adjusted for new operating lease expense, down 7% ...

Hess loses $509m in the first quarter of 2016

Hess Corporation reported a net loss of $509 million, or $1.72 per common share, in the first quarter of 2016 compared with a net loss of $389 million, or $1.37 per common share, in the first quarter of 2015. On an adjusted basis, first quarter 2015 adjusted n ...

Schlumberger to acquire coiled tubing drilling units from Xtreme

Schlumberger announced today it has entered into an agreement to acquire the coiled tubing drilling and coiled tubing units from Xtreme Drilling and Coil Services Corp. (TSX:XDC), a Calgary-based provider of international land drilling and coiled tubing drilli ...

Can OPEC 'freeze' production, or is it already frozen?

Between July 2014 and January 2015 the price of OPEC's oil 'market basket' fell from over $100/bbl to less than $50/bbl, causing considerable hardship to the OPEC countries who rely on oil exports to finance their national budgets - which is all twelve of them ...
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