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AWE Limited announces start of production at Yolla-6 well of the BassGas project

AWE Limited (ASX: AWE), a 35% joint venture partner in the BassGas project, advises that the Yolla-6 development well has been successfully tied-in to export facilities on the Yolla platform and production from that well has commenced. The Operator is monitor ...

Wednesday, July 29, 2015

Cub Energy provides second quarter 2015 operations update

Cub Energy Inc. (TSX VENTURE:KUB) provides the following update for its operations for the second quarter of 2015. This update includes ongoing operations from KUB-Gas LLC, which Cub has a 30% ownership interest, and Tysagaz LLC, Cub's 100% owned subsidiary. ...

Lansdowne Oil & Gas commences Midleton exploration well

Lansdowne Oil & Gas plc, a North Celtic Sea focussed oil and gas company, announces that PSE Seven Heads Limited, the operator of SEL 4/07, and a wholly owned subsidiary of PSE Kinsale Energy Limited has commenced drilling operations on the Midleton prospect i ...

Tough business environment reflected in outlook of UK oil and gas industry

Oil & Gas UK's Business Sentiment Index for the second quarter of 2015 published today (29 July) shows that the UK oil and gas industry remains fragile but that companies' outlook is improving. Pessimism has moderated with respondents returning a score of minu ...

As Rosneft turns to Asia, will spot crude oil sales in the East decline further?

Russian giant Rosneft's recent deals in Asia suggest it is potentially shifting the balance of its crude oil sales in the region - one of its most important export markets - from a spot tender basis to long term contracts and significantly reducing the amount ...

Saipem announces 2015 first half results and turnaround plan

The Board of Directors of Saipem S.p.A. today approved Saipem's consolidated Six-Month Report at June 30, 2015[1], and endorsed an incisive turnaround and cost cutting programme that will enable the Company to compete and create value in the new market context ...

Petro-Victory Energy Corp. appoints non-executive director

Petro-Victory Energy Corp. (TSX-V: VRY) announces that Mr. Drew Faulkner has been appointed as a Petro-Victory non-executive director effective immediately. Mr. Faulkner is currently the President and CEO of Olympia Oil, Inc. based in Edmond, Oklahoma and is ...

Ikkuma Resources appoints new director

Ikkuma Resources Corp. (TSXV: IKM) is pleased to announce the appointment of David G. Anderson as a new member of the Board of Directors. Since 1993, Mr. Anderson has been CEO of Winsome Capital Inc., a private venture capital firm. He co-founded Dixie Energy ...

Africa Oil provides update on operations and development in Kenya

Africa Oil Corp. (TSX:AOI)(OMX:AOI) is pleased to provide the following update on its operations in Kenya. During the second quarter of 2015, activities were focused on the appraisal of the South Lokichar basin to test the extent of previous discoveries and g ...

Range Resources Corporation announces second quarter 2015 results

Range Resources Corporation (NYSE: RRC) today announced its second quarter financial results. Highlights Production volumes reached a record high, averaging 1,373 Mmcfe per day, a 24% increase over the prior-year quarter. Unit costs declined $0.36 per mcfe, o ...

Junex commences drilling at Galt No.5 horizontal well

Junex Inc. (TSX VENTURE:JNX) is very pleased to announce that it started drilling its Galt No. 5 Horizontal well using its Foragaz No. 4 drilling rig. This well is the first of a series of horizontal exploration wells to be drilled by the Company as a follow-u ...

Why local content in Africa's extractive sector won't work without home grown human capital

For over 30 years many African countries have been exploring their natural resources, whether oil, gas or minerals. In the last ten years many more have joined the natural resource exploitation club. Many have also witnessed economic growth and development. S ...

Abraxas Petroleum Corporation provides operations and second quarter production update

Abraxas Petroleum Corporation (NASDAQ:AXAS) today provided the following operations update. Williston Basin At Abraxas' North Fork prospect, in McKenzie County, North Dakota, the Jore 5H, Jore 6H, Jore 7H and Jore 8H, producing from the Middle Bakken, averag ...

This Trade is So Simple Your Grandma Would Get It

The Obvious Trade That The Entire Market Has Missed It is as plain as the nose on your face but it has been missed by virtually everyone, especially the analyst community. Yesterday (Monday) was the first time I saw an energy analyst on TV talking about this ...
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