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Friday, November 21, 2014

Statoil calls time-out in Kwanza exploration drilling program
Statoil has decided to cancel the Stena Carron rig contract after fulfilling the work commitments in the Statoil-operated blocks 38 and 39 in the Kwanza basin offshore Angola. The rig contract will cease with effect from 21 November 2014. Statoil's first well resu ...
Canadian Quantum announces production test
Canadian Quantum Energy Corporation (TSX VENTURE:CQM) announced today that the Company has drilled a well on its Alexander property located just north-west of Edmonton. The 15-11-56-27W4 well was originally drilled for the Detrital sand but has since been completed in t ...
North America
BG Group brings new production onstream in Brazil
BG Group (LSE: BG.L) today announced the start-up of the Cidade de Ilhabela floating production, storage and offloading (FPSO) vessel. This is the second unit deployed on the Sapinhoá field and the fifth FPSO to have come onstream across the interests in which BG ...
South America
Rockefeller Hughes provides announces operational update
Rockefeller Hughes Corporation (TSX VENTURE:RHC) listed on the TSX Venture Exchange ("RHC"), is pleased to provide the following company and operational update. Halo Project, Robertson County, Texas: The Company is pleased to announce the closing of an exchan ...
North America
Talisman and Ecopetrol make hydrocarbon discovery in Block CPO-9, Colombia
Talisman Energy Inc. (TSX:TLM) (NYSE:TLM) affiliate Talisman (Colombia) Oil & Gas Ltd., and Ecopetrol S.A. (BVC: ECOPETROL NYSE: EC; TSX: ECP) have proven the presence of hydrocarbons in the Nueva Esperanza-1 exploratory well (A2b), located in block CPO-9, Department of ...
South America
Oil price, Ophir/Salamander, Parkmead, President, Sundry-Technip-Lansdowne, And finally…
Oil price So, lets establish the rules for next week ahead of the Opec meeting shall we? Firstly as someone amusingly once said, in this fight there are no rules, this applies to Opec meetings as much, if not more, than a Saturday night brawl outside a pub. Next week t ...
North America
Genel Energy abandon well in offshore Angola
Genel Energy plc ('Genel') announces that the Jacaré -1 exploration well on Block 38 offshore Angola (Genel 7.5% working interest) has been plugged and abandoned. The completion of this well concludes Genel's committed Angola drilling programme. Gen ...
Keystone XL was theater, but it was good theater
This week's Keystone XL drama in the US Senate was flush with the political party infighting, partisan sniping and naked political theater that critics of Washington, DC tend to hate most. It also included the political party infighting, partisan sniping and naked ...
North America
Australian junior chases Rocky Mountain oil and natural gas high
A small Australian upstream company, with the appropriate name of American Patriot Oil and Gas, is hoping to achieve what several of its peers have been unable to do: turn a little into a lot in the US market. American Patriot's business model is simple, yet crucia ...
North America
CGG confirms another client commitment to its StagSeis Solution in the Gulf of Mexico
CGG announced today another significant commitment from an Exploration and Production company to its StagSeisTM multi-client solution in the Gulf of Mexico, this time with an earlier prefunder expanding their position. Following completion of acquisition in October, St ...
North America
Cadogan Petroleum make interim statement on political situation and operations
This interim management statement, issued in accordance with the UK Listing Authority's disclosure and transparency rules, relates to the period from 1 July 2014 to 20 November 2014. Introduction The Company published its Half Yearly Report for the six months to 3 ...
Russia FSU
Parkmead Group report pleasing preliminary results
Parkmead, the UK and Netherlands focused oil and gas group, is pleased to report its preliminary results for the year ended 30 June 2014. HIGHLIGHTS Successful Exploration and Appraisal Programme Awarded five additional oil and gas blocks in the UK 27th Licensing Ro ...
West Europe
Ophir Energy update on recent drilling in Tanzania
Operational Update Ophir Energy plc announces an operational update on recent drilling in Tanzania. The Tende-1 well was drilled in East Pande by the Deepsea Metro I drillship in a water depth of 781m to a total depth of 4,153m targeting the Cretaceous-aged Tende pros ...
Ophir Energy makes possible offer for Salamander Energy
The Boards of Salamander Energy plc and Ophir Energy plc are pleased to jointly announce today the proposed terms of a possible share exchange offer for the entire issued and to be issued share capital of Salamander (the "Proposed Offer"). Offer Terms Under ...
West Europe
Technip to supply high technological flexible pipes for Tupi BV Iracema North Pre-Salt Field
Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) was awarded a contract from Tupi BV, a consortium controlled by Petrobras Netherland BV (PNBV, 65%) and constituted also by BG (25%) and Galp (10%), for the ongoing development of the Iracema North field, located in th ...
South America
CAODC predict 10% less drilling in 2015
The Canadian Association of Oilwell Drilling Contractors (CAODC) has released its 2015 Drilling Activity Forecast. The forecast projects a 10% decrease in activity from 2014. Canadian land-based drilling rigs will drill 10,354 wells in 2015. This well count will generat ...
North America
Pacific Energy Development begins Loomis Wells completion operations
PEDEVCO Corp. d/b/a Pacific Energy Development (NYSE MKT: PED), an energy company engaged in the acquisition and development of strategic, high-growth energy projects in the U.S., announced today that the Company has commenced completion operations, including hydraulic ...
North America

Thursday, November 20, 2014

MCW Energy Group's projected oil sands extraction production costs compare favourably to Alberta Oil Sands' average
MCW Energy Group Limited ("MCW") (TSX VENTURE: MCW) (OTCQX: MCWEF), a Canadian holding company involved in fuel distribution and the creation of oil sands extraction technology, today announced the publication of MCW's average production costs by the curre ...
North America
Ineos to invest £640 million in UK shale gas exploration
Ineos has announced plans to invest £640 million in shale gas exploration in the UK. The company said it had applied for numerous exploration blocks in an ongoing licensing round run by the Department of Energy and Climate Chang Chief executive of Ineos Upstream ...
West Europe
PetroNova spuds first well in its Llanos Basin drilling campaign
PetroNova Inc. (TSX-V: PNA) announce its operational and financial results for the three and nine months ended September 30, 2014 and that it has spud the first of four planned wells at its Pendare discovery on the CPO-13 Block (in which PetroNova has 20 percent working ...
South America

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