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Statement from Sir Ian Wood on future of North Sea

Sir Ian Wood believes that, despite some very real challenges in the next 12 months, the North Sea industry will find itself in better shape in 2016 'I read with real concern the comments yesterday that the UK offshore oil & gas industry was 'close to ...

Pacific Rubiales announces U.S.$320 million sale of interest in Pacific Midstream to IFC

Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) (BOVESPA: PREB) announce that it has executed definitive agreements with the International Financial Corporation ("IFC"), a member of the World Bank Group, the IFC Global Infrastructure Fund (" ...

Oil price, Alkane Energy, Caza, Velocys,Sundry-IOG-Iona- And finally...

Oil price Whilst there may be blogs next week, subject to oil price shenanigans and company announcements I wouldnt hold your breath! The oil markets are very lacklustre and clearly positions are being closed off ahead of the Christmas holiday period. Both W ...

Platts JKM for January-delivered LNG slumped 46.9% in largest year over year drop

Prices of spot liquefied natural gas (LNG) for January delivery to Asia plunged 46.9% year over year to average $10.062 per million British thermal units (/MMBtu), according to latest Platts Japan/Korea Marker (Platts JKM™) data for month-ahead delivery. ...


Former BP Executive joins InterOil Board

InterOil Corporation (NYSE: IOC) (POMSoX: IOC) has appointed former Australasian BP oil and gas executive Katherine Hirschfeld to its board. Ms Hirschfeld, 54, is a chemical engineer whose career has included 20 years with BP in leadership and executive roles ...

FMC Technologies awarded $393 million subsea systems contract

FMC Technologies, Inc. (NYSE: FTI) announce that it has received an order from Eni Angola to supply subsea production systems for its deepwater Block 15/06 East Hub development. The order has an estimated value of $393 million in revenue. "We are pleased ...

Cardinal Energy provides a report on Bradford lease drilling

Cardinal Energy Group, Inc. (OTCQB: CEGX) announces that since drilling resumed December 1st on the Bradford Lease 4 new wells have been drilled, the B #13, B #10 and the B #8. The next locations, the B #17, B #14, and A #14 are permitted and will be drilled o ...

Temporary approval granted to resume production at a reduced rate at the Huntington field

Iona Energy Inc. (TSX VENTURE:INA), a Canadian independent oil & gas company with assets in the UK North Sea makes the following announcement regarding production at the Huntington field. The Company has been informed that a temporary approval has been grante ...

Junex nearing the end of its swabbing/well cleanup operations at its Galt No. 4 Horizontal Well

Junex Inc. (TSX VENTURE:JNX) announce that it is nearing the end of its swabbing/well cleanup operations at its Galt No. 4 Horizontal Well that it performed in preparation for oil production testing that is planned for January 2015. These swabbing/well cleanu ...

Strata-X spuds first of its vertical wells in the Illinois Basin

Strata-X Energy Ltd. (TSX VENTURE:SXE)(ASX:SXA) announces that it has begun drilling operations on the first of its planned vertical wells in its 100% owned Illinois Basin high margin oil project. Using Webster Drilling, Inc. Rig #3 the Company spudded the Blu ...

Why $75 is the right price for oil

Putin's Prayer A large number of oil pricing experts - taking this to mean the interaction of oil, finance and the global economy - would likely agree that $75 a barrel is a reasonable and sustainable price. One expert who might agree is Citigroup's E ...

Xcite Energy - Critical year ahead

2015 is a critical year for Xcite and its shareholders. Having seen its Bentley development delayed, the company is taking an innovative approach, engaging early with major service contractors to put in place a development group that would get it through FID a ...

Figuring out the proper time to sell a bear market

It is never too late to sell a bear market. Or at least so the saying goes. With the oil markets falling out of bed and the Thomson Reuters/CoreCommodity CRB Commodity Index down nearly 14% from the start of the year - and down nearly 25% from its mid-year hi ...

Sherritt announces the award of two new production-sharing contracts in its oil and gas business

Sherritt International Corporation (Sherritt) (TSX: S) announce that it has signed two new Production Sharing Contracts (PSCs) with the Government of Cuba. The new blocks, 8A and 10, are located in Central and Northern Cuba and encompass areas of 967 square k ...

High North Resources announces new Director, President and Chief Executive Officer

High North Resources Ltd. (TSX VENTURE:HN) announces the resignation of Colin Soares as President and Chief Executive Officer of the Company effective December 18, 2014, and the appointment of Paul Starnino as President and Chief Executive Officer and as a mem ...

Falling oil prices, new regulations spell trouble for Bakken

Amid falling oil prices, another factor has come into play that could start to curtail North Dakota's crude production. On December 9th, the state's three-person Industrial Commission approved an order requiring Bakken crude to be conditioned before it ...

Jacobs selected by BP as Strategic Supplier

Jacobs Engineering Group Inc. (NYSE:JEC) announce that it has been selected by BP to continue its role as Strategic Supplier of mid-cap work on a global basis. Company officials did not disclose the contract value, but noted that it replaces Jacobs' previ ...

Cheniere and GE sign $1B service agreement for Sabine Pass LNG export terminal

GE (NYSE:GE) and Sabine Pass Liquefaction, a subsidiary of Cheniere Energy Partners, L.P. ('Cheniere Partners') (NYSE MKT: CQP), announced today that they have entered into a $1 billion, 20+-year service contract under which GE will provide spare parts ...

Senex moves to protect oil revenues

Senex Energy Limited (Senex, ASX: SXY) has moved to protect the company's oil revenues by securing a floor price for oil sales from January to June 2015. The protection has been put in place through a combination of put options and zero cost collars. Thes ...

Cape announces the appointment of a new Non-Executive Director

Cape plc announces the appointment of Samantha Tough as a non-executive director with effect from 1 January 2015. Samantha is based in Western Australia and comes to Cape with extensive experience in a diverse mix of private and publicly listed oil and gas, e ...
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