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Abu Dhabi's onshore concession award to Inpex of no great surprise to oil observers

It wasn't the first time, and it will not be the last. Abu Dhabi struck a deal on April 27 with Japan's Inpex, awarding a 5% stake in its giant Adco onshore oil concession for the next 40 years from January 1, 2015. Just like before, Abu Dhabi's latest announ ...

Pengrowth Energy announces executive changes

Pengrowth Energy Corporation (TSX:PGF)(NYSE:PGH) announced a realignment of its executive team with the departure today of Marlon MacDougall, Chief Operating Officer to pursue other opportunities, and the retirement of James Causgrove, Senior VP Operations eff ...

China Oil Demand Climbed 6.5% Year over Year in March

China's apparent oil demand* in March increased 6.5% from a year earlier to 44.73 million metric tons (mt), or an average 10.58 million barrels per day (b/d), according to a just-released Platts analysis of Chinese government data. This was the highest growth ...

Projections show U.S. becoming a net exporter of natural gas

Source: U.S. Energy Information Administration, Annual Energy Outlook 2015 In its recently released Annual Energy Outlook 2015 (AEO2015), EIA expects the United States to be a net natural gas exporter by 2017. After 2017, natural gas trade is driven largely ...

What's all this appraisal business then?

Everyone knows the oil and gas value chain, I have drawn it for countless investor and strategy presentations, from my days in short trousers in BP's Corporate Planning Department to yet another roadshow presentation for investors. Here is one I had prepared e ...

Select Sands announces new director appointment

Select Sands Corp. (TSX VENTURE:SNS) is pleased to announce the appointment of Steven H. Goldman to the Board of Directors. Steven H. Goldman is a senior partner in the Toronto law firm of Goldman Hine LLP. Before joining that firm, he successfully led the res ...

Oil price, BP, Sound Oil, Velocys, Sundry-Faroe-Kosmos/Chariot- And finally...

Oil price A quiet day in the oil market as traders report little movement leading to classic price drift. A few pointers though, the Saudi Deputy Oil Minister was speaking in Beijing where he made two points, firstly that the oil market is apparently in 'exce ...

Buru Energy kicks off major exploration program in the Canning Basin

Highlights Continuous drilling program set to commence mid-May targeting conventional oil prospects Two rig program of five to seven wells with revolutionary drilling techniques for the basin to slash costs by more than half Prospects range from semi-appraisal ...

Lamprell announces contract with National Drilling Company, Abu Dhabi

Lamprell (ticker: LAM), a leading provider of diversified fabrication, engineering and contracting services to the onshore and offshore oil & gas and renewable energy industries, is pleased to announce that National Drilling Company, Abu Dhabi, has exercised o ...

Solo Oil comments on Horse Hill license expiration speculation

Solo notes the comments in yesterday's press in relation to the Horse Hill licences in which the Company has an interest of 6.5 percent. The Company confirms the current two exploration licences over Horse Hill and their expiry dates are as follows: the PEDL13 ...

Oilex completes production facilities at Cambay-73

Oilex is pleased to announce the completion of the Cambay-73 oil and gas production facilities on budget and ahead of schedule. The facilities are now ready for start-up and awaiting arrival of the low pressure gas pipeline to site. Construction of the pipelin ...

Rose Petroleum provides Uinta Basin operations update

Rose Petroleum plc, the AIM-listed (AIM: ROSE) natural resources company, is pleased to provide an operational update on activities within its highly prospective Uinta Basin acreage in Utah, in which it has a 75% working interest, and where the Company's prima ...

BP announces first quarter 2015 results

BP today reported its results for first quarter of 2015. Underlying replacement cost profit for the quarter was $2.6 billion compared with $3.2 billion for the same period in 2014 and $2.2 billion for the fourth quarter of 2014. 'We are resetting and rebalanc ...

Norwegian Petroleum Directorate announces minor oil discovery for Wintershall in the Kristen field

Wintershall Norge AS, operator of production licence 589, is about to complete drilling of wildcat well 6406/2-8. The well proved oil. The well was drilled about 20 kilometres south of the Kristin field in the Norwegian Sea and 190 kilometres northwest of Kri ...
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