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Petrofac provide an update on 2014 expectations and outlook for 2015
OUTLOOK AND GUIDANCE FOR 2015 Lower oil price environment and expectations of delivery on certain IES projects, coupled with anticipated outcome on Laggan-Tormore is likely to result in net profit in 2015 of around US$500 million Our guidance for 2015 reflects: cur ...
West Europe
Plexus receives £1.9 Million POS-GRIP well order with multi national oil company in the North Sea
Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, known for its safety, time and cost saving capabilities, is pleased to announce it has received a purch ...
West Europe
Rawicz-12 appraisal well spuds
San Leon Energy announces the spud of the Rawicz-12 appraisal well yesterday on the 742 km2 Rawicz Concession in Poland's southern Permian Basin. The well, which is operated by Palomar Natural Resources ("PNR"), is targeting the previously-discovered Rawi ...
East Europe
Opuama Field current average gross production over 3,500 bopd
Eland Oil & Gas plc (AIM: ELA), an oil & gas production, development and exploration company operating in West Africa with a principal focus on Nigeria, is pleased to announce the following operations and financing update. Highlights Opuama Field current average gros ...
Africa
Well GY-667 successfully recompleted in the upper C-sand reservoir
LGO Energy announce that well GY-667, the fourth well of the current 30 well development programme, has been successfully recompleted in the upper C-sand reservoir. The well is currently flowing under its own pressure at a stabilized rate of 350 barrels of oil per day ( ...
Central America
Rose Petroleum receives and signs a unit operating agreement for its Cisco State Unit from the State of Utah
Rose Petroleum plc, the AIM-listed (Ticker: ROSE) natural resources company, is pleased to announce that its wholly owned subsidiary, Rose Petroleum (Utah) LLC, has received and signed a unit operating agreement for its Cisco State Unit from the State of Utah (the " ...
North America
Sound Oil announces intended offer for Antrim Energy
Sound Oil, the European focused upstream oil and gas company, announces that it intends to launch a public offer (the "Intended Offer") for 100 per cent. of the share capital of Antrim Energy Inc. ("Antrim"). The combined business would leverage Sou ...
West Europe
Oilex Ltd shares placed in a trading halt on the Australian Securities Exchange
Oilex Ltd (ASX: OEX, AIM: OEX) wishes to advise that its shares have been placed in a trading halt on the Australian Securities Exchange ("ASX") pending the release of an announcement in relation to a proposed capital raising. Oilex expects that an announcemen ...
Australasia

Friday, November 21, 2014

Statoil calls time-out in Kwanza exploration drilling program
Statoil has decided to cancel the Stena Carron rig contract after fulfilling the work commitments in the Statoil-operated blocks 38 and 39 in the Kwanza basin offshore Angola. The rig contract will cease with effect from 21 November 2014. Statoil's first well resu ...
Africa
Canadian Quantum announces production test
Canadian Quantum Energy Corporation (TSX VENTURE:CQM) announced today that the Company has drilled a well on its Alexander property located just north-west of Edmonton. The 15-11-56-27W4 well was originally drilled for the Detrital sand but has since been completed in t ...
North America
BG Group brings new production onstream in Brazil
BG Group (LSE: BG.L) today announced the start-up of the Cidade de Ilhabela floating production, storage and offloading (FPSO) vessel. This is the second unit deployed on the Sapinhoá field and the fifth FPSO to have come onstream across the interests in which BG ...
South America
Rockefeller Hughes provides announces operational update
Rockefeller Hughes Corporation (TSX VENTURE:RHC) listed on the TSX Venture Exchange ("RHC"), is pleased to provide the following company and operational update. Halo Project, Robertson County, Texas: The Company is pleased to announce the closing of an exchan ...
North America
Talisman and Ecopetrol make hydrocarbon discovery in Block CPO-9, Colombia
Talisman Energy Inc. (TSX:TLM) (NYSE:TLM) affiliate Talisman (Colombia) Oil & Gas Ltd., and Ecopetrol S.A. (BVC: ECOPETROL NYSE: EC; TSX: ECP) have proven the presence of hydrocarbons in the Nueva Esperanza-1 exploratory well (A2b), located in block CPO-9, Department of ...
South America
Oil price, Ophir/Salamander, Parkmead, President, Sundry-Technip-Lansdowne, And finally…
Oil price So, lets establish the rules for next week ahead of the Opec meeting shall we? Firstly as someone amusingly once said, in this fight there are no rules, this applies to Opec meetings as much, if not more, than a Saturday night brawl outside a pub. Next week t ...
North America
Genel Energy abandon well in offshore Angola
Genel Energy plc ('Genel') announces that the Jacaré -1 exploration well on Block 38 offshore Angola (Genel 7.5% working interest) has been plugged and abandoned. The completion of this well concludes Genel's committed Angola drilling programme. Gen ...
Africa
Keystone XL was theater, but it was good theater
This week's Keystone XL drama in the US Senate was flush with the political party infighting, partisan sniping and naked political theater that critics of Washington, DC tend to hate most. It also included the political party infighting, partisan sniping and naked ...
North America
Australian junior chases Rocky Mountain oil and natural gas high
A small Australian upstream company, with the appropriate name of American Patriot Oil and Gas, is hoping to achieve what several of its peers have been unable to do: turn a little into a lot in the US market. American Patriot's business model is simple, yet crucia ...
North America
CGG confirms another client commitment to its StagSeis Solution in the Gulf of Mexico
CGG announced today another significant commitment from an Exploration and Production company to its StagSeisTM multi-client solution in the Gulf of Mexico, this time with an earlier prefunder expanding their position. Following completion of acquisition in October, St ...
North America
Cadogan Petroleum make interim statement on political situation and operations
This interim management statement, issued in accordance with the UK Listing Authority's disclosure and transparency rules, relates to the period from 1 July 2014 to 20 November 2014. Introduction The Company published its Half Yearly Report for the six months to 3 ...
Russia FSU
Parkmead Group report pleasing preliminary results
Parkmead, the UK and Netherlands focused oil and gas group, is pleased to report its preliminary results for the year ended 30 June 2014. HIGHLIGHTS Successful Exploration and Appraisal Programme Awarded five additional oil and gas blocks in the UK 27th Licensing Ro ...
West Europe

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