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Five reasons to invest in post-sanctions Iran's oil and gas sector

Iran is home to the world's fourth and second largest proven reserves of oil and gas respectively. Sanctions have kept the country's 158 billion barrels of oil and 33.8 trillion cubic metres of natural gas largely off limits for foreign investors for much of ...

Pacific Energy Development announces acquisition agreement with Dome Energy

PEDEVCO Corp. d/b/a Pacific Energy Development (NYSE MKT: PED) today announced the entry into an Agreement and Plan of Reorganization with Dome Energy AB (OMX: DOME) whereby the Company will acquire all the US oil and gas assets of Dome. This transformational ...

Iona Energy announces first quarter 2015 financial results

Iona Energy Inc. (TSX VENTURE:INA) a Canadian independent oil & gas company with assets in the UK North Sea announces its Q1 2015 financial and operating results for the three months ended March 31, 2015. Q1 2015 Highlights Operating Q1 2015 average net prod ...

Crescent Point Energy to acquire Legacy Oil + Gas Inc in $1.5 billion deal

Crescent Point Energy Corp. (TSX:CPG)(NYSE:CPG) announces that it has entered into an arrangement agreement to acquire all of the issued and outstanding shares of Legacy Oil + Gas Inc.. Legacy is a publicly-traded, light oil-weighted producer with approximate ...

Leucrotta Exploration announces first quarter financial and operating results

LEUCROTTA EXPLORATION INC. (TSX VENTURE:LXE) announces its financial and operating results for the three months ended March 31, 2015. All dollar figures are Canadian dollars unless otherwise noted. Highlights Averaged 2,291 boe/d of production during Q1 2015 ...

Are oil and gas companies across the world 'complacent' on financial risk of suppliers?

It's no secret that the oil and gas industry is suffering from financial pressure, with firms racing to make efficiencies and achieve 'quick win' cost savings. The fall-out from the tumbling oil price has been punishing, painful for those losing jobs, and hig ...

Atlantic Petroleum announces first quarter results

P/F Atlantic Petroleum (NASDAQ OMX: ATLA DKK & Oslo Stock Exchange: ATLA NOK) today announces its results for the first three months of 2015. Highlights & Outlook Atlantic Petroleum has demonstrated exploration value creation in the short term by monetising ...

U.S. Global's Brian Hicks Shares His Summer Plans for Creating the Ultimate Resource Fund

You may want to rethink those tickets to Hawaii, and instead spend the summer basking in the opportunities developing in three different sectors of the oil market. In this interview with The Energy Report, U.S. Global Resources Fund Manager Brian Hicks shares ...

CNOOC announces mid-sized discovery Liuhua 20-2 in the Eastern South China Sea

CNOOC Limited (NYSE: CEO, SEHK: 00883, TSX: CNU) announced that the Company made a mid-sized discovery Liuhua 20-2 in the Eastern South China Sea. The Liuhua 20-2 structure is located in Northern Slope Belt of Baiyun Sag in the Pearl River Mouth Basin of the ...

Beach Energy to retain 100% interest as Woodside pulls out of Lake Tanganyika South exploration program

Beach Energy Limited (ASX: BPT) has been advised by Woodside Energy (Tanzania) Limited that it has decided not to enter into the next period of the exploration program relating to the Lake Tanganyika South Production Sharing Agreement in Tanzania. Beach has p ...

Titan Energy announces second drilling success at Allen Dome

Australian oil and gas company Titan Energy Ltd (ASX: TTE, OTC: TTENY) announces drilling success in the second test of the 2015 multi-well developmental drilling program on Allen Dome. JT Reese #15 Logging and Core Results (Titan 50% WI) The JT Reese #15 ha ...

Triple Energy agrees new drilling locations

The Directors of Triple Energy Limited are pleased to provide the following update on activities and the progress of the Company's strategic investment process: Drilling Locations The Aolong Joint Venture (80% profit interest to TNP) and CBM-specialist drill ...

Brightoil Petroleum announces new well drilling projects in Dina 1 and Tuzi Gas Fields

As per the 2015 resolution of the Joint Management Committee for the two upstream projects, Dina 1 Gas Field and Tuzi Luoke Gas Field, which are jointly developed by the Company and China National Petroleum Corporation, satisfactory results have been achieved ...

Norwegian Petroleum Directorate: More oil than ten years ago

The current recoverable volume of oil in fields and discoveries exceeds the estimated figure in 2005, and it is also presumed that more oil remains to be discovered. This is the result of the Norwegian Petroleum Directorate's (NPD's) review of the resource ba ...
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