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Largest field discovered in UK North Sea for 10 years approved for development

The development of the largest new field discovered in the UK North Sea for a decade* has been approved by the UK Oil & Gas Authority. The Maersk Oil operated high pressure, high temperature (HPHT) Culzean field in the UK Central North Sea is expected to produ ...

Eni discovers a supergiant gas field in the Egyptian offshore, the largest ever found in the Mediterranean Sea

Eni has made a world class supergiant gas discovery at its Zohr Prospect, in the deep waters of Egypt. The discovery could hold a potential of 30 trillion cubic feet of lean gas in place covering an area of about 100 square kilometres. Zohr is the largest gas ...

Friday, August 28, 2015

Forent Energy announces second quarter financial and operating results

On June 30, 2015, Forent completed the acquisition of a private company for shares. In addition, an equity financing was closed with some directors and all of the executives participating. This business combination resulted in the addition of $1,950,000 of cas ...

Reduced offshore share in U.S. oil and natural gas production lowers risk from hurricanes

Source: U.S. Energy Information Administration, Petroleum Supply Monthly and Natural Gas Monthly Offshore energy production in the Gulf of Mexico has experienced relatively minor disruptions because of tropical storms and hurricanes in recent years, and the N ...

Cadogan Petroleum announces results for the first half of 2015

Cadogan Petroleum plc, an independent oil and gas exploration, development and production company with onshore gas, condensate and oil assets in Ukraine, announces its unaudited results for the six months ended 30 June 2015. The continued efforts to preserve c ...

Exillon Energy announces interim results for the first six months of 2015

Exillon Energy plc (EXI.LN), a London Premium listed independent oil producer with assets in two oil-rich regions of Russia, Timan-Pechora and West Siberia, today issues its interim results for the first six months to 30 June 2015. Highlights Net profit decre ...

LGO Energy announces initial production rates at Pad-5, Goudron Field, Trinidad

LGO today announces that production testing is now underway on wells GY-676 and GY-677, the second and third wells drilled on Pad-5 in the Goudron Field in Trinidad. After initial clean up, well GY-677 delivered a maximum natural flow rate of approximately 380 ...

The US sanctions against Russia now indirectly effect Norway

The shareholders of Seadrill are suing the company because of 'Rosneft' deal failure. Norway's Seadrill, which failed to close the deal with 'Rosneft' worth $ 4 billion because of sanctions, now faces court claims by its own shareholders. They challenged the ...

Oil price, IOG, Sefton, Sundry roundup of week. And finally...

Oil price Wow, that was one hell of a week whichever way you look at it. The oil price has picked up from the bottom in no mean fashion, yesterdays rise was the biggest one day rally in six years and WTI will likely be up on the week for the first time in 11. ...

It's Murphy's Law for Canadian Oil Producers

Murphy's Law Is Alive And Well In The Canadian Energy Patch Despite oil being up today, it's ugly for E&P companies across the globe. But I think Canadian producers have been hit with Murphy's Law worse than anyone. After a decent Q2-because of the low Canad ...

Ironhorse Oil and Gas announces second quarter 2015 financial and operating results

Ironhorse Oil & Gas Inc. (TSX-V: IOG) announces its financial and operating results for the three and six months ended June 30, 2015. Financial and Operation Summary The Company's reported production has increased 213% to 254 boe/d in the second quarter of 2 ...

Sea Dragon Energy announces second quarter 2015 financial and operating results

Sea Dragon Energy Inc. (TSXV: SDX) announces its 2015 second Quarter Financial and Operating Results. Operational Performance Production Total gross production for the quarter averaged 8,699 boepd (869 boepd net); of which oil was 7,253 boepd (725 boepd net) ...

Carnarvon Petroleum - Upcoming catalysts

Carnarvon is exclusively focused on the prolific North West Shelf of Australia. The region is home to some globally significant projects and since 2009 Carnarvon has worked exploration acreage offshore Western Australia, securing and working on four exploratio ...

Petrogrand provides Interim Report from January-June 2015

Second quarter of 2015 Acquisition of 49% interest in Ripiano Holdings Ltd, with 3 producing oil fields in Komi in Russia. During the second quarter, the Group had no operating income (-). The operating result for the second quarter amounted to TSEK -7 433 (-1 ...
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