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Mart Resources operations and January 2015 production update

Umusadege field production averaged 17,050 barrels of oil per day during January 2015 based on calendar days; average field production based on production days was approximately 18,070 bopd during January 2015. Total production from the Umusadege field in Jan ...

Oil price, Catch up blog, Genel, Hunting, Northern Petroleum/Sound Oil, Falklands spud, And finally...

Oil price Out in Glasgow yesterday so its a bit of a catch up today and with very little in the way of company announcements the market is very quiet. Yesterday saw the news from China that GDP growth was to be 'about' 7% this year after missing last years ta ...

Tap Oil confirms strategic review of asset portfolio

As stated in the 31 December 2014 quarterly report of Tap Oil Limited (ASX: TAP) and its financial results released on 27 February 2015, Tap is reviewing its business and asset base in order to respond to the recent change in market conditions in the oil and g ...

Jericho Oil closes on its initial Oklahoma acquisition

Jericho Oil Corporation (TSX-V: JCO, OTCQX: JROOF), a growth-oriented oil company engaged in the acquisition, exploration, development and production of overlooked and undervalued oil properties in the U.S., has closed on its previously announced acquisition o ...

Total appoints new Senior Vice President, Investor Relations

Effective March 1st 2015, Mike Sangster is appointed Senior Vice-President, Investor Relations of Total. He succeeds Martin Deffontaines who is appointed Exploration & Production Senior Vice President Strategy, Business Development and R&D. Prior to joining t ...

Propane Games: Does Panama really import 3.46 barrels of LPG per person annually from the US?

You know the saying, popularized by Mark Twain, 'there are lies, damn lies and statistics?' That was my first thought when I was going over the US Energy Information Association's liquefied petroleum gas export data - largely propane - for 2014, which was rel ...

Cygam Energy exiting Tunisian operations and terminating employment of Tunisian employees

Cygam Energy Inc. (TSX VENTURE:CYG) announced that on February 10, 2015, Cygam's Board of Directors met to identify, examine and consider strategic alternatives available to the Company, including, the sale of the Company, merger or other business combination, ...

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 ...
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