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Erin Energy exceeds 14,000 boe/d at Oyo field, provides Gambia operations update

Erin Energy Corporation (NYSE MKT:ERN) provides an update on Oyo field production and updates its offshore operations in The Gambia. Nigeria Erin Energy's current average production from the Oyo field is in excess of 14,200 barrels of oil equivalent per day ...

Oil price, Weir Group,52.53 -$4.40, And finally...

Oil price A very short blog today as there is little company news but one had to mention such a torrid day on the oil markets. I am also off to see Andrew Knott at Savannah which will be the first time the boot has been on the other foot, so to speak... Ironi ...

Petroceltic - Creating value in Algeria through execution

Petroceltic (PCI) is an E&P with assets in Egypt, Bulgaria and Algeria, where it is developing its flagship gas project Ain Tsila. As producing fields in Egypt and Bulgaria decline and exploration is de-emphasised, the valuation proposition in PCI shifts stead ...

Woodside awards OneSubsea FEED contract for Browse FLNG Development, confirms local content commitment

Woodside Energy Ltd. and OneSubsea®, a Cameron (NYSE: CAM) and Schlumberger (NYSE:SLB) company, jointly announce that OneSubsea has been awarded a front-end engineering and design (FEED) contract for the proposed Woodside-operated Browse FLNG Development o ...

Triple Energy provides Niaoshan-1 well update

The Directors of Triple Energy Limited (ASX: TNP) provide the following update on activities. The first of two wells (Niaoshan-1), was spudded in the Bird Mountain area 28 June 2015. It is located around 2 kilometers from the previous Xian Xian-1 well drilled ...

Tlou Energy provides drilling operations update

Drilling operations designed to expand the number of dewatering wells and ultimately gas production at Selemo is progressing as planned. At the end of the current program, the Company expects to have at least two new dewatering pods (vertical and lateral produ ...

Kina Petroleum provides progress update on Kwila-1 exploration well

Kina Petroleum Limited is pleased to provide an update on progress of the Kwila-1 exploration well in PPL 337. As at 8.00 a.m. local time on 7 July 2015 the well was at a depth of 1,000 metres and preparing to run wireline logs. During the week, the well was ...

Galilee Energy progresses testing at Hoffer B1 well, Texas

Galilee Energy Limited (ASX:GLL) is pleased to provide an update on testing at the Hoffer B1 well located in Lavaca County, Texas. Testing on this well is progressing. In aggregate, the zones tested in the Midcox units flowed approximately 6 million standard ...

Technip launches cost saving restructuring plan; 6000 jobs lost

Technip anticipates an even more challenging environment in oil & gas: Launches restructuring plan and accelerates its cost reduction to reinforce the Group through and beyond the downturn Total targeted savings of approximately €830 million, of which &eu ...

Northcote Energy and Gaia Ecologica provide joint venture update

Northcote (AIM: NCT) is pleased to announce a positive update in respect to activities undertaken through its Joint Venture in Mexico with Gaia Ecologica S.A. DE C.V. Successfully secured a 22 acre property for the development of its first scalable environment ...

Wentworth Resources deputy chairman appointed as senior independent director

Wentworth, the Oslo Stock Exchange (OSE: WRL) and AIM (AIM: WRL) listed independent, East Africa-focused oil & gas company, is pleased to announce that, in line with the provisions of the UK Corporate Governance Code, the Deputy Chairman, John Bentley has been ...

Platts Survey: OPEC Pumps 31.28 Million Barrels of Crude Oil Per Day in June

Oil production from the Organization of the Petroleum Exporting Countries (OPEC) totaled 31.28 million barrels per day (b/d) in June, up 170,000 b/d from May and the fourth consecutive monthly increase since February, as Saudi Arabia and Iraq pushed out more o ...

Monday, July 6, 2015

Rosneft Brasil and PetroRio receive ANP approval for the Solimoes Project transaction

Rosneft Brasil and PetroRio received approval by the Brazilian National Petroleum, Natural Gas and Biofuels Agency (ANP) for the Rosneft Brasil transaction to acquire additional 55% in the Solimoes project. Under the agreement the final completion date of the ...

Brazil - In Deep Trouble

Petrobras has long been a pioneer in the adoption and deployment of deepwater technology. This has enabled them to build huge reserves of some 16 billion barrels of oil. Converting these reserves to production, however, is another matter and Petrobras has a hi ...
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