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Total appoints Senior Vice President, Scientific Development

Philippe Baptiste has been appointed Senior Vice President, Scientific Development at Total, effective February 1, 2016. Philippe Baptiste began his career at the French National Center for Scientific Research (CNRS) in 1999. He then joined IBM's research tea ...

Oil price, Sound Energy, Sundry-Petroceltic-Egdon- And finally...

Oil price That was a funny old week for the oil price, whispers of meetings and Mr Venezuela doing the rounds kept the optimists just in the game but huge stock builds and an uninspiring set of US jobs data left the Fed cooling the market. With the rig count ...

Tethys Petroleum provides update on Olisol transaction

Tethys Petroleum Limited (TSX:TPL)(LSE:TPL) today provided an update on the previously announced US$15 million convertible debt facility with Olisol Petroleum Limited , a wholly owned subsidiary of Olisol Investments Limited. Following the Company's announcem ...

Sound Energy announces option to acquire interest in Meridja permit, onshore Morocco

Sound Energy, the Mediterranean and European focused upstream gas company, announces that it has signed a binding agreement with Oil & Gas Investment Fund S.A.S ('OGIF') whereby OGIF has granted Sound Energy an option to acquire a 55% interest in the Meridja p ...

Egdon Resources suspends Keddington-5 development well for future production testing

Egdon Resources plc (AIM:EDR) is pleased to provide an operational update on the Keddington-5 (KD5) development well. KD5 was spudded on the 20 January 2016 and on 1 February 2016 reached total depth (TD) of 2,433 metres measured depth, (2,201 metres true vert ...

Solo Oil announces flow-test operations commenced at Horse Hill-1 discovery well

Solo Oil PLC today announces that it has been notified by operator Horse Hill Developments Limited that operations have now commenced at the Horse Hill site to conduct the planned extended flow test over three separate zones in the Horse Hill-1 oil discovery w ...

Producer's Breakeven Oil Prices - Why Flip Flop?

Not very long ago oil prices were traded well below $20/BBL and OPEC anxiously come up with a mechanism what was called 'OPEC Price Band' between $22-$28/BBL. That is if the oil prices falls within this price band, OPEC members are quite happy as this price ra ...

Rosneft and Statoil commence well testing at the North-Komsomolskoye Field

Rosneft and Statoil commenced testing of two production wells of highly viscous oil of the PK1 layer of the North-Komsomolskoye field. The companies are implementing pilot operation of the horizontal wells constructed using best practices related to inflow co ...

Genel Energy receives payment for KRI oil exports from Tawke field

Genel Energy plc notes the announcement from DNO ASA, as operator of the Tawke field, that the Tawke field partners have received a gross payment of $17.99 million towards the monthly entitlement for January, for oil exported through the Kurdistan Region of Ir ...

SOCO International commences drilling at Baobab Marine-1 well

SOCO, an international oil and gas exploration and production company, announces that the Baobab Marine-1 ('BABM-1') commitment well commenced drilling on 5 February 2016 in the Mer Profonde Sud Block, located in the Lower Congo Basin, offshore the Republic of ...

DNO reports payment for Tawke exports

DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 21.45 million from the Kurdistan Regional Government for exports from the Tawke field under a new payment arrangement announced on 1 February 2016. The payment, to be shared pro-rata b ...

FAR announces upgrade to SNE oil field contingent resources

Independent Resources Report completed by RISC for FAR's SNE oil discovery, offshore Senegal. SNE oil field contingent resources (100% basis, recoverable) have been upgraded by RISC to 240 million barrels of oil ('mmbbls') 1C, 468 mmbbls 2C, 940 mmbbls 3C. RI ...

Platts Report: China Oil Demand Contracts 0.8% Year over Year in December

China's apparent oil demand contracted by 0.8% in December 2015 from a year earlier to 11.35 million barrels per day (b/d), according to a just-released Platts China Oil Analytics report on the latest Chinese government data. Refinery throughput in December a ...

Suncor Energy announces successful acquisition of 72.9% of Canadian Oil Sands shares

Suncor announced today that approximately 72.9 per cent of Canadian Oil Sands shares equating to 353,307,264 common shares and accompanying rights have been tendered to Suncor's Offer. Suncor will take up all tendered shares and those shares will be paid for ...
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