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USA Department of Energy authorizes Pieridae Energy to export American natural gas

Pieridae Energy (Canada) Ltd. announces that the Department of Energy of the USA has granted Pieridae Energy (USA) Ltd. long-term multi-contract authorization to export natural gas to Canada for end use in Canada and to export LNG produced from such natural ga ...

Chevron to release documents in lawsuit over Nigerian oil leases

Chevron USA and BNP Paribas agreed recently in District Court in Texas to turn over documents and correspondence between the two companies and other entities to the Nigerian oil company that has sued Chevron over the sale of three oil mining leases in the Nige ...

East West Petroleum announces completion of TAG-owned pipeline, New Zealand, increasing revenue from gas production

International oil and gas producer East West Petroleum Corp. (TSX VENTURE:EW) is pleased to announce that it has been informed by TAG Oil Ltd. (TSX:TAO), the operator of the Cheal East discovery site (TAG 70% / EW 30%) in the Taranaki Basin of New Zealand, tha ...

Tanager Energy announces CFO appointment

Tanager Energy Inc. (TSX VENTURE:TAN) announces that Ms. Donna J. Hyshka, B. Comm. will assume the role of Chief Financial Officer with immediate effect. Ms. Hyshka has over 27 years of multifaceted experience with both major and minor companies in the Oil and ...

Riley Exploration Group acquires 90% equity interest of Cinco Resources, invests in 25,000 acre Permian Basin project

Riley Exploration Group, LLC, headquartered in Blanchard, Oklahoma, USA announces the acquisition of a 90% equity interest in Cinco Resources, Inc. effective May 19, 2015, through a share exchange with private equity funds managed by Yorktown Energy Partners ( ...

Ring Energy signs purchase and sale agreement on Delware Basin acreage

Ring Energy, Inc. (NYSE MKT: REI) announced today that it has signed a purchase and sale agreement to acquire producing wells and leaseholds located in Culberson and Reeves Counties, Texas. Acquisition Details The property consists of approximately 14,000 ne ...

Déjà vu for the Falkland Islands / Islas Malvinas

The Falkland Islands or Islas Malvinas is a favourite destination for wildlife fans, hosting thousands of Penguins, Elephant Seals, Sea Lions, and 65% of the world's black-browed albatross bird population. There are two types of sea lion in the Falkland Island ...

Non-OPEC production growth reduced by over 2 million bpd towards 2020

Non-OPEC liquids growth potential of 5.5 million barrels per day (bpd) over the next five years has been reduced by over 2 million bpd to 3.3 million bpd, according to Rystad Energy's most recent forecasts. Latest oil field research shows investments in oil a ...

Erin Energy announces offtake and prepayment agreement with Glencore

Erin Energy Corporation (NYSE MKT:ERN) announced today it has agreed to heads of terms on a commercial agreement with an embedded prepayment element with Glencore Energy UK Ltd, a subsidiary of Glencore PLC. The offtake contract would allow Glencore to undert ...

Rex Energy announces addition to board of directors

Rex Energy Corporation (Nasdaq:REXX) is pleased to announce that Jack N. Aydin will join the company's Board of Directors effective June 1, 2015. Mr. Aydin has over 45 years of experience as a financial analyst covering the oil and gas industry. He was a seni ...

Four Cenovus executives announce retirement

Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) is announcing that after extensive and successful careers at Cenovus and its predecessor companies, four Cenovus executives have made the decision to retire. Their transitions off the executive team will begin at diff ...

Magnum Hunter Resources to sell non-core undeveloped acreage in Tyler County, West Virginia

Magnum Hunter Resources Corporation (NYSE: MHR) (NYSE MKT: MHR.PRC) (NYSE MKT: MHR.PRD) (NYSE MKT: MHR.PRE) announced today that Triad Hunter, LLC, a wholly-owned subsidiary of the Company, has entered into a definitive agreement to sell certain non-core undev ...

Oil price, San Leon, Range Resources, Sundry-Tower- And finally...

Oil price There is nothing much that I can see in the oil market at the moment that would give the price much of an upward movement except perhaps further activity in the Middle East. With the greenback strong after the US inflation figures, the rig count eas ...

McDermott awarded project for twelve jackets offshore Saudi Arabia

McDermott International, Inc. (NYSE:MDR) announced today that it has been awarded a large brownfield contract by Saudi Aramco for the engineering, procurement, construction and installation (EPCI) of twelve jackets for offshore oil and gas fields in Saudi Arab ...
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