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Gazprom Marketing & Trading Singapore and Yamal Trade sign long-term contract for LNG supply

Gazprom Marketing & Trading Singapore, company of Gazprom Group and Yamal Trade signed a long-term sales and purchase contract for liquefied natural gas (LNG) from the Yamal LNG project. The contract that will be effective for over 20 years provides for the a ...

Can Africa's oil producers weather the oil price storm?

West Africa has suffered one of its most difficult years in 2014. and 2015 is shaping up to be an even more difficult year for that region. While the deadly Ebola virus will eventually wind down, the disruptions caused by the outbreak will continue to cripple ...

GMB warn parliament about threat to North Sea oil and gas and UK security

GMB, the union for gas and energy workers, called on MPs to support the Infrastructure Bill in the third reading today (26th Jan) in Parliament and warned that an amendment threatens North Sea oil and gas and UK energy security. Gary Smith, GMB National Secr ...

US onshore rig count continues steady decline

The Gaffney, Cline & Associates (GCA) US Oil & Gas Monitor, launched on 9 January 2015 to track onshore and Gulf of Mexico (GoM) activity in the light of the oil price crash, continues to show a steady decline generally tracking that seen six years ago in the ...

Palantir Forward Price Curve - 2015 Q1

Global Economy Global oil prices have declined more than 50% compared with the 2014 highs reached in June. During the first two weeks of January 2015, crude oil prices have continued to decline. On January 12, 2015, the New York Mercantile Exchange (NYMEX) W ...

Touchstone Exploration - operating cautiously

Touchstone Exploration (TXP) has put a strategy in place for 2015 aimed at weathering the current storm of low crude oil prices while maintaining the ongoing viability of its assets in Trinidad. In an effort to conserve the balance sheet, TXP is restricting ca ...

African Petroleum report upgraded prospective resources in Côte d'Ivoire and Liberia

African Petroleum Corporation, an independent oil and gas exploration company operating ten licences in five countries offshore West Africa, is pleased to announce an update to its prospective oil resources at its 90% owned and operated CI-509 and CI-513 offsh ...

Hey Bo Didley, do you know this RIF?

"Those who fail to learn from history are doomed to repeat it." -Sir Winston Churchill Once again, there is a lot of excited chatter about cost cutting in our industry. Oftentimes in the past, this has meant cutting great swathes of people (also kno ...

Global Energy Development report decrease in reserves and write down of oil assets

Global Energy Development PLC, the Latin America focused petroleum exploration, development and production company (AIM: GED) with operations in Colombia, announces the results of its UK reserve report at 31 December 2014, which has been produced by the indepe ...

Extension on NIS drilling programme for Falcon Oil & Gas expired

Falcon Oil & Gas Ltd. (TSX VENTURE:FO) (AIM:FOG) (ESM:FAC) announces the expiry of the extension granted to its partner, Naftna Industrija Srbije jsc (NIS), regarding their obligatory three-well drilling programme in Falcon's Mako Trough Licence in Hungary ...

Friday, January 23, 2015

Oil and the global asset crunch

Canary in the Coalmine The huge attention given by world media to the collapse of oil prices has diverted attention from similar falls in market prices for a range of other financial assets. These range from other commodities called "bellwether" for ...

Jericho Oil expands into Oklahoma

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 North America, announced it has signed a letter of intent to a ...

Petro-Victory Energy dispute with President Energy

Petro-Victory Energy (TSX-V: VRY) has received two notices of default from President Energy PLC, the Operator of the Pirity Concession, both of which the Company disputes. If the issues cannot be resolved by March 2, 2015, President Energy has indicated that t ...

Serinus Energy provide update for operations in fourth quarter 2014

Serinus Energy Inc. (TSX:SEN)(WARSAW:SEN) is pleased to provide the following update for its operations for the fourth quarter of 2014. Fourth Quarter Production and Realized Prices Average corporate production for the fourth quarter was approximately 5,409 ...
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