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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
Ophir Energy update on recent drilling in Tanzania
Operational Update Ophir Energy plc announces an operational update on recent drilling in Tanzania. The Tende-1 well was drilled in East Pande by the Deepsea Metro I drillship in a water depth of 781m to a total depth of 4,153m targeting the Cretaceous-aged Tende pros ...
Ophir Energy makes possible offer for Salamander Energy
The Boards of Salamander Energy plc and Ophir Energy plc are pleased to jointly announce today the proposed terms of a possible share exchange offer for the entire issued and to be issued share capital of Salamander (the "Proposed Offer"). Offer Terms Under ...
West Europe
Technip to supply high technological flexible pipes for Tupi BV Iracema North Pre-Salt Field
Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) was awarded a contract from Tupi BV, a consortium controlled by Petrobras Netherland BV (PNBV, 65%) and constituted also by BG (25%) and Galp (10%), for the ongoing development of the Iracema North field, located in th ...
South America
CAODC predict 10% less drilling in 2015
The Canadian Association of Oilwell Drilling Contractors (CAODC) has released its 2015 Drilling Activity Forecast. The forecast projects a 10% decrease in activity from 2014. Canadian land-based drilling rigs will drill 10,354 wells in 2015. This well count will generat ...
North America
Pacific Energy Development begins Loomis Wells completion operations
PEDEVCO Corp. d/b/a Pacific Energy Development (NYSE MKT: PED), an energy company engaged in the acquisition and development of strategic, high-growth energy projects in the U.S., announced today that the Company has commenced completion operations, including hydraulic ...
North America

Thursday, November 20, 2014

MCW Energy Group's projected oil sands extraction production costs compare favourably to Alberta Oil Sands' average
MCW Energy Group Limited ("MCW") (TSX VENTURE: MCW) (OTCQX: MCWEF), a Canadian holding company involved in fuel distribution and the creation of oil sands extraction technology, today announced the publication of MCW's average production costs by the curre ...
North America
Ineos to invest £640 million in UK shale gas exploration
Ineos has announced plans to invest £640 million in shale gas exploration in the UK. The company said it had applied for numerous exploration blocks in an ongoing licensing round run by the Department of Energy and Climate Chang Chief executive of Ineos Upstream ...
West Europe
PetroNova spuds first well in its Llanos Basin drilling campaign
PetroNova Inc. (TSX-V: PNA) announce its operational and financial results for the three and nine months ended September 30, 2014 and that it has spud the first of four planned wells at its Pendare discovery on the CPO-13 Block (in which PetroNova has 20 percent working ...
South America
Mountainview Energy announces initial production of 700 boe per day from BJNJ 30-31-1H well
Mountainview Energy Ltd. (TSXV: MVW) provides an operational update on its recent three-well drilling program. BJNJ Well Pad (BJNJ 30-31-1H & BJNJ 19-18N-1H) The Company has successfully drilled the BJNJ 30-30-1H well (the "BJNJ 30 well") and the BJNJ 19-18- ...
North America
Oil and currency markets reflect expectations for lower global economic growth
Source: U.S. Energy Information Administration, based on Bloomberg Note: The U.S. dollar index measures the value of the U.S. dollar against a basket of six currencies' exchange rates: the euro, Japanese yen, British pound, Canadian dollar, Swiss franc, and Swedish ...
North America
Apache Corporation announces sale of non-core Southern Louisiana and certain Anadarko Basin oil and gas assets
Apache Corporation (NYSE, Nasdaq: APA) will provide an update to investors at its North American Update conference in New York today. Highlights from the Update include: Apache forecasts 2015 North American onshore liquids growth of 12 to 16 percent when adjusted for ...
North America
Hyperion Exploration to be acquired by Tri-Win International Investment Group Inc.
Hyperion Exploration Corp. (TSX VENTURE:HYX) announce that it has entered into an agreement (the "Arrangement Agreement") with Tri-Win International Investment Group Inc. ("Tri-Win") pursuant to which Tri-Win has agreed to purchase all of the issued ...
North America
Blackbird Energy appoints Garth Braun as Chairman
Blackbird Energy Inc. (TSX VENTURE:BBI) announce that it has filed its audited financial statements and related management's discussion and analysis for the year ended July 31, 2014 on SEDAR at In addition, the Company has filed its statements of res ...
North America
Venoco, Inc. announces 3rd quarter 2014 financial and operational results
Venoco, Inc. report financial and operational results for the third quarter of 2014. The company reported net income of $39.5 million for the quarter on total revenues of $57.9 million. The Company experienced reduced income from operations for the first nine months of ...
North America
International influence growing in Canadian Oil Sands
According to CanOils new report “The Canadian Oil Sands Outlook 2015” the Canadian Oil Sands industry looks set to have capacity to produce over 3 million barrels per day (bbl/d) by the end of 2015, with production likely to approach around 2.5 million bbl/d ...
North America

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