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Stone Energy Corporation provides drilling and production update

Stone Energy Corporation (NYSE: SGY) today provided a drilling and production update. In the Gulf of Mexico deepwater, operations at the Cardona #6 development well, located in Mississippi Canyon block 29, have been proceeding ahead of schedule and below budge ...

McDermott signs long term EPCI agreement with Saudi Aramco

McDermott International, Inc. (NYSE: MDR) announced it has been selected by Saudi Aramco as one of the winners of a global competition for a new Long Term Agreement (LTA) for future brownfield work in various fields in offshore Saudi Arabia. The LTA, which wa ...

In the maelstrom of oil price news, has bias triggered trading mistakes? Petrodollars

In this week's Oilgram News column, Petrodollars, Ned Molloy asks the question, have emotions and confirmation bias triggered trading mistakes in the maelstrom of oil price news?How often did one read this year that the oil market is in terrible shape - weak, ...

Legacy Reserves announces $440 million acquisition of East Texas assets

Legacy Reserves LP (Nasdaq:LGCY) today announced it has entered into separate agreements with affiliates of Anadarko Petroleum and Western Gas Partners, LP to purchase natural gas properties and gathering and processing assets in East Texas for a combined $440 ...


Gastar Exploration closes sale of non-core Oklahoma assets

Gastar Exploration Inc. (NYSE MKT: GST) announced today that it has completed the sale of certain non-core assets in Oklahoma to an undisclosed private third-party for a total of $46.1 million of net proceeds. The sale was previously announced on May 6, 2015 a ...

Oil markets begin to slide as Great Unwinding resumes

Oil prices have fallen around $5/bbl, since my suggestion last week that a 'New oil price fall was a matter of 'when', not 'if''. It thus seems increasingly likely they are resuming their fall back towards $30/bbl, as we discussed in last week's pH Report web ...

Maxim Resources signs extension to its Reconnaissance Concession on the Hassi Berkane Block, Morocco

Maxim Resources Inc., (TSX VENTURE:MXM)(FRANKFURT:M5HA)(OTCBB:MXMSF), is pleased to announce that it has signed a 6 month extension to its Reconnaissance Concession Authorization in respect of the Hassi Berkane Block in the Kingdom of Morocco with both the Nat ...

Dejour Energy issues Kokopelli completion update

Dejour Energy Inc. (NYSE MKT:DEJ)(TSX:DEJ), an independent oil and gas exploration and production company operating in North America's Piceance Basin and Peace River Arch regions, today announced an operational update for its project in NW Colorado. Since the ...

Parex Resources provides operational update: Q2 production exceeds 27,000 bopd and expansion of Rumba oil discovery

Parex Resources Inc. (TSX: PXT), a company focused on Colombian oil exploration and production, provides an operational update. Operational Highlights Grew Q2 (April 1-June 30, 2015) average oil production to 27,025 barrels of oil per day compared to producti ...

StonePoint Energy announces proposed acquisition by Endurance Energy

StonePoint Energy Inc. (TSX VENTURE:STO) is pleased to announce that it has entered into a definitive arrangement agreement pursuant to which Endurance Energy Ltd. ('Endurance'), a portfolio company of Warburg Pincus, a global private equity firm focused on gr ...

Erin Energy exceeds 14,000 boe/d at Oyo field, provides Gambia operations update

Erin Energy Corporation (NYSE MKT:ERN) provides an update on Oyo field production and updates its offshore operations in The Gambia. Nigeria Erin Energy's current average production from the Oyo field is in excess of 14,200 barrels of oil equivalent per day ...

Oil price, Weir Group,52.53 -$4.40, And finally...

Oil price A very short blog today as there is little company news but one had to mention such a torrid day on the oil markets. I am also off to see Andrew Knott at Savannah which will be the first time the boot has been on the other foot, so to speak... Ironi ...

Petroceltic - Creating value in Algeria through execution

Petroceltic (PCI) is an E&P with assets in Egypt, Bulgaria and Algeria, where it is developing its flagship gas project Ain Tsila. As producing fields in Egypt and Bulgaria decline and exploration is de-emphasised, the valuation proposition in PCI shifts stead ...

Woodside awards OneSubsea FEED contract for Browse FLNG Development, confirms local content commitment

Woodside Energy Ltd. and OneSubsea®, a Cameron (NYSE: CAM) and Schlumberger (NYSE:SLB) company, jointly announce that OneSubsea has been awarded a front-end engineering and design (FEED) contract for the proposed Woodside-operated Browse FLNG Development o ...
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