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Baker Hughes announces February 2015 rig counts

Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for February 2015 was 1,275, up 17 from the 1,258 counted in January 2015, and down 66 from the 1,341 counted in February 2014. The international offshore rig count for Febr ...

BP finalises deal to develop Egypt's West Nile Delta gas fields

BP announces the signing of the West Nile Delta project todevelop 5 tcf of gas resources and 55 mmbbls of condensates BP today announced that it has signed the final agreements of the West Nile Delta project to develop 5 trillion cubic feet (tcf) of gas resou ...

GE opens new dedicated Oil & Gas facility in Broome to support subsea projects

GE (NYSE: GE) announced today the official opening of a new oil and gas facility in Broome, Western Australia, specifically designed to service subsea projects. The regional facility will support the offshore installation phase of the INPEX-operated Ichthys LN ...

Enbridge optimizes regional oil sands infrastructure expansions

Enbridge Inc., (TSX:ENB) (NYSE:ENB) announced today plans to optimize a previously announced expansion of its Regional Oil Sands System. The optimization, which has been agreed to with affected shippers, will involve capital cost savings of $0.4 billion in agg ...

Piedmont Natural Gas Chairman, President and CEO retires from the Board

Thomas E. Skains, Chairman, President and CEO of Piedmont Natural Gas (NYSE: PNY) announced the retirement of Aubrey B. Harwell, Jr. from the Board at today's Annual Meeting of Shareholders. Mr. Harwell has been a member of Piedmont's Board since 2002 and serv ...

AJ Lucas acquires interests in three NSW petroleum exploration licenses

AJ Lucas Group Limited (ASX: AJL) is pleased to announce that it has entered into an agreement to purchase an interest in three Petroleum Exploration Licences located in New South Wales. The interest comprises an 80% interest in two PELs, a 40% interest in ano ...

AWE Limited announces Pateke-4H subsea tie-back project under way in New Zealand

AWE Limited (ASX: AWE) as Operator of PMP 38158 advises that the Pateke-4H subsea tie-back and installation project commenced on Thursday 5 March with the arrival of the DOF Subsea Diving Support Vessel, the 'Skandi Singapore', at the Tui area oil fields locat ...

Contrarian Steve Palmer's balancing act stretches from Western Canada to the East China Sea

Building a small-cap energy portfolio that maintains balance in turbulence requires the ability to spot junior firms with solid backbones. Steve Palmer of AlphaNorth Asset Management has made a career of spotting companies loaded with value, and he tells The E ...

Santos announces the Hides F1 well exploration is to be abandoned after coming up dry

Santos advises that the Hides F1 (Hides Deep) well has reached total depth of 4,633 metres. Thick argillaceous sandstone intervals were encountered in the exploration target, the Koi-Iange Formation, but wireline evaluation confirms an absence of reservoir qu ...

Statoil announce new timeline for Johan Castberg and Snorre 2040

'Castberg and Snorre 2040 are two major and important projects in our portfolio, and it is important that we find sound and robust development solutions for them,' says Ivar Aasheim, Statoil's senior vice president for field development on the NCS. Statoil an ...

Completed Rawicz-12 well test shows success for Palomar Natural Resources and San Leon Energy

Palomar Natural Resources (PNR), a privately owned international oil & gas exploration and production company has successfully completed its testing program of the Rawicz-12 appraisal well located near in Western Poland. Results of the test data gathered to da ...

Lundin Petroleum recommence production at Brynhild, ramp-up phase expected to continue

Lundin Petroleum AB provides an update on the Brynhild production ramp-up phase and on Johan Sverdrup capital costs for 2015. Brynhild The Brynhild oil field commenced production on the 25th December 2014 with an initial production rate confirming that the f ...

Rockhopper Exploration announces spudding of 14/15-5 well

Rockhopper Exploration plc (AIM: RKH), the oil and gas exploration and production company with interests in the North Falkland Basin and the Greater Mediterranean region, announces that the 14/15-5 well was spudded, by Premier Oil as operator, on 6 March 2015. ...

Thursday, March 5, 2015

African Petroleum - Deep water West African explorer

African Petroleum (APCL) is a pure-play, offshore-focused explorer with 10 blocks across five countries on the West African transform margin. Significant discoveries in 2014 made by Cairn (with the SNE-1 and FAN-1 wells) and Total have significantly de-risked ...
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