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CAMAC Energy ready to commence production at Oyo-8 well

CAMAC Energy Inc. (NYSE MKT:CAK) announced today it has finished completion operations on the Oyo-8 well, located offshore Nigeria, and is now ready to commence oil production. Oyo-8 is hooked up to the FPSO Armada Perdana owned by Bumi Armada Berhad. However ...

Hunting completes sale of E.A. Gibson Shipbrokers

Hunting PLC (LSE : HTG) announces the completion of the sale on 31 March 2015 of its wholly owned subsidiary E.A. Gibson Shipbrokers Limited. Gibson has been acquired by E.A. Gibson Holdings Limited, a holding company which is owned by Gibsons Employee Truste ...

UK election kicks off an uncertain period for energy investors

The UK's general election kicked off Monday with the official closure of parliament, heralding 38 days of campaigning ahead of the May 7 vote. With clear policy differences between the parties and the polls too-close-to-call, energy investors could be set for ...

Loyz Energy inks two MOUs with India's Sun Petrochemicals with respect to its concessions

In a strategic move to manage its concession portfolio, Loyz Energy Limited, a fast-growing Singapore-based upstream energy group has entered into two binding memorandum of understanding with Sun Petrochemicals Private Limited (a leading manufacturer of petrol ...


McDermott awarded subsea contract in US Gulf of Mexico by Chevron

McDermott International, Inc. (MDR) announced today that it has been awarded a sizeable contract to transport and install subsea umbilicals, manifolds, jumpers and flying leads for Chevron U.S.A. Inc. to support the brownfield expansion of the Jack and St. Mal ...

Key Petroleum receives environment plan approval for Dunnart-2 well

Key Petroleum (Australia) Pty Ltd, a wholly owned subsidiary of Key Petroleum Limited, announces it has received Department of Mines and Petroleum ('DMP') approval for its amended Environment Plan pertaining to the testing program to be conducted at Dunnart-2 ...

Eni signs Production Sharing Contracts for the exploration of two blocks, offshore Myanmar

Eni, following its participation in the competitive International Bid Round launched by the Republic of the Union of Myanmar, signed two Production Sharing Contracts (PSC) for offshore blocks MD-02 and MD-04. The contracts were signed in Nay Pyi Taw, in the pr ...

VAALCO Energy announce disappointing start to Block 5, offshore Angola, as first exploration well is plugged and abandoned

VAALCO Energy, Inc. (NYSE: EGY) today announced that the post-salt Kindele-1 well, its first exploration well on Block 5 offshore Angola, was drilled to a total vertical depth of approximately 1,829 meters. The objective reservoir, the Mucanzo sand formation i ...

Bakken Resources CEO takes voluntary paid leave as investigation into claims of fraudulent behaviour begins

Bakken Resources, Inc. (OTCQX: BKKN), announces that Val M. Holms, President, Chief Executive Officer, and Chairman, began a voluntary paid leave of absence on March 24, 2015. Mr. Holms will remain on such voluntary paid leave through the completion of an int ...

Evolution Petroleum Corporation provides an update on operations and litigation

Evolution Petroleum Corporation (NYSE MKT: EPM) today provided an update on operations and litigation. Operations As previously projected, the operator of the Delhi Field has decreased CO2 purchases to a February rate of approximately 101 million cubic feet ...

Northern Offshore delays new construction jackup shipyard deliveries

Northern Offshore, Ltd. (Oslo Bors: NOF.OL) today announced it has negotiated a nine (9) month delay in the deliveries of its high specification jackups, Energy Engager and Energy Encounter from a shipyard in China. The new delivery dates for these units are D ...

Trapoil announces amendment of Athena Consortium's contract with BW Offshore

Trapoil (AIM: TRAP), the independent oil and gas exploration, appraisal and production company focused on the UK Continental Shelf region of the North Sea, announces a further operational update in respect of the Athena Oil Field, Licence P.1293, Block 14/18b, ...

Sefton Resources provides update on potential sale of Kansas Assets, appoints new CFO

Update on potential sale of Kansas Assets Further to the announcement of 24 February 2015, the board of Sefton (the 'Board') can provide an update on the discussions regarding a potential future sale of TEG MidContinent Inc. and TEG Transmission LLC, (collect ...

Caza Oil & Gas announces final results for 2014

Caza Oil & Gas, Inc. (TSX: CAZ) (AIM: CAZA) is pleased to announce the Company's final results for the year ended December 31, 2014. 2014 Financial and Reserve highlights include: Annual revenues for the twelve month period ended December 31, 2014 increased 1 ...
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