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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 ...

1845 Oil Field Services appoints new CEO

1845 Oil Field Services today announced that logistics industry veteran Dave Lamolinara has been hired by the Board of Directors to succeed Tim Buffington as the company's next chief executive officer. Buffington, an original founder of 1845, will continue ...

Opportunities are strong in the European oil storage business

The room was pretty full for the first day of the Platts European Storage conference in Amsterdam this week, and it’s not surprising: the opportunities in this segment appear to be as strong as they’ve been for years. Most important are three big ...

Oil price, EnQuest, Gulfsands and finally...

Oil price The death of King Abdullah of Saudi Arabia was announced this morning at the age of 90, his successor is King Salman and his successor has already been announced as Prince Muqrin. I do not expect to see any significant change in oil policy from Saud ...

Santos report record sales revenue and appraisal success at Barossa

Santos today announced company records for sales revenue in both the quarter ($1.1 billion) and the full year ($4 billion), reflecting the successful ramp-up of production from the PNG LNG project as well as higher Cooper Basin production. Fourth quarter prod ...

Azonto Petroleum - Repositioning to ensure Gazelle progress

As a result of current market conditions, Azonto has announced organisational and cost initiatives, including the departures of Rob Shepherd and Andrew Rose (MD and CFO respectively). Gregory Stoupnitzky will step up, leading a reduced team, which retains nota ...

Eni announces a new oil and gas discovery in the Western Desert of Egypt

Eni has announced a new discovery of oil and gas in the West Melehia deep exploration prospect, located in the Melehia licence, in the Western Desert of Egypt, 300 square kilometers west of Alexandria. The exploration well, which allowed the discovery of Mele ...

Total signs first global agreement with IndustriALL Global Union

Total strengthens its commitment as a responsible employer by signing a global agreement today with international union federation IndustriALL Global Union, which represents more than 50 million workers in 140 countries in the energy, mining and manufacturing ...

Apache appoints new Chief Financial Officer

Apache Corporation (NYSE, Nasdaq: APA) announced today Stephen Riney will be appointed as executive vice president and chief financial officer. He is scheduled to begin in February. Riney brings over 30 years of financial and accounting experience to the posi ...

Shoreline Energy announces management changes

Shoreline Energy Corp. (TSX:SEQ) ("Shoreline" or the "Corporation") announces that Mr. Gary Lobb has resigned as Chief Financial Officer of the Corporation effective immediately to pursue other interests. "On behalf of the Board of Sh ...

Fidelity Exploration & Production appoints new CEO

MDU Resources Group, Inc. (NYSE:MDU) announced today that Pat O'Bryan will become chief executive officer of its Fidelity Exploration & Production Company, effective March 1. He also will retain his current position as president. He succeeds J. Kent Wells ...
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