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Hundreds evacuated as PEMEX platform goes up in flames

A fire broke out on the Abkatun Permanente platform in the Gulf of Mexico earlier today. Approximately 300 workers have been evacuated, and several injuries reported. According to Reuters, at least 45 people have been registered as injured so far, while PEMEX ...

How will the top 10 oilfield service companies be affected by the large E&P spending cuts in 2015?

E&P companies have increased their spending on oilfield services over the recent years with a record level just shy of USD 1 trillion in 2014. New field developments have been crucial to the growth in spending, but also increased exploration efforts and operat ...

DeeThree Exploration announces significant EOR supported Alberta Bakken well test

DeeThree Exploration Ltd. (TSX:DTX)(OTCQX:DTHRF) announces results from its latest Alberta Bakken horizontal well 11-20-3-16 W4M. This is the first well designed specifically to optimize the Company's ongoing gas re-injection Enhanced Oil Recovery ('EOR') sche ...

Cardinal Energy commences drilling on Bradford West lease

Cardinal Energy Group, Inc. (OTCQB: CEGX) announces that it has secured its first drilling permit for its recently acquired 200 acre Bradford West Lease, which is adjacent and to the West of its Bradford A and B Leases. The first well of a twenty well program, ...

Hinto Energy establishes advisory board to focus on new opportunities

Hinto Energy, Inc (OTCQB: HENI), engaged in the exploration, acquisition, and development of oil and gas properties, with producing wells in Ohio, Utah and Montana, announced the establishment of an Advisory Board. Advisory Board members will assist the Compan ...

Updated geologic maps provide greater detail for Marcellus formation

Natural gas production from the Marcellus shale formation in the Appalachian basin increased to 14.4 billion cubic feet per day (Bcf/d) in January 2015, accounting for more than 36% of shale gas production and more than 18% of total dry natural gas production ...

SacOil terminates participation in OPL 281, Nigeria

In compliance with JSE Limited Listings Requirement 3.9, an issuer who has published a cautionary announcement must provide updates thereon in the required manner and within the time limits prescribed. With reference to the cautionary announcements, the last ...

Maersk Oil announces first production from new platform in the Danish North Sea

Production has started from the new unmanned platform Tyra Southeast-B, safely, on time and on budget. The platform is expected to add reserves of 50 million barrels of oil equivalent (BOE) over the next 30 years to Danish production. 'The Tyra Southeast exte ...

Oil Price Chaos: What It Means For The Planning Process

First of all, we were told that $100 a barrel, or thereabouts, was the natural price for oil. And then we were told this after the price collapse: 'Not to worry, this is just a temporary supply glut. Output cuts will soon be sufficient to restore the price ba ...

Keyera and Kinder Morgan to construct 4.8 million barrel crude oil storage

Keyera Corp. (TSX:KEY) today announced a 50-50 joint venture with Kinder Morgan, Inc. (NYSE:KMI) to build the Base Line Terminal, an above ground crude oil storage terminal near Edmonton, Alberta. The project is underpinned by several take-or-pay agreements ra ...

Brittania-U prepares for May 18th hearing in ongoing oil lease dispute with Chevron

Nigeria's Supreme Court has set a May 18 hearing date in the 15-month-old dispute between Brittania-U Limited of Nigeria and Chevron Nigeria and Chevron USA over the sale of three oil leases in the Niger Delta. In a hearing on March 24 in Abuja, the high cour ...

Niko Resources provides update on Indian gas price

Niko Resources Ltd. (TSX:NKO) provides the following update on the price for natural gas sales from the D6 Block in India: Natural Gas Price for April 1, 2015 to September 30, 2015 In accordance with the New Domestic Natural Gas Guidelines, 2014, issued in O ...

Blackbird Energy announces executive changes

Blackbird Energy Inc. (TSX VENTURE:BBI) announces that Mr. Don Noakes has joined Blackbird as Vice President, Operations. The Company also announces that Blackbird's former Chief Operating Officer, Mr. Darrell Denney, is no longer an officer or employee of the ...

Karoon Gas Australia spuds Echidna-1 exploration well, third of the current Santos Basin drilling campaign

Karoon Gas Australia Ltd is pleased to announce the spudding of the third well in the current Santos Basin drilling campaign, the Echidna-1 exploration well, at 1500 hrs BRT on 31 March 2015. The top of the reservoir section is expected to be penetrated withi ...
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