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Saturn Minerals completes seismic survey on Bannock Creek Oil Project, Little Swan permits received

Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) announces that it has completed the previously announced 2D seismic program over Petroleum Exploration Permit 72 (the Bannock Creek Property) and that it has received final work permits to complete the seis ...

MCW Energy Group oil sands processing costs down to $28 a barrel as a result of slumping world oil prices

MCW Energy Group Limited, (TSX VENTURE: MCW) (OTCQX: MCWEF), a Canadian holding company involved in the development and implementation of oil sands extraction technologies, through MCW Oil Sands Recovery, LLC, today announced further details of its projected o ...

Breitling-Bering merger named a 2014 Deal of the Year

Breitling Energy Corporation (OTCBB: BECC) has been named as a 2014 Deal of the Year by Acquisition International for its merger with Bering Exploration Inc. After 18 months of intense negotiations, the two companies entered into an Asset Purchase Agreement wh ...

GAC secures worldwide agency contract with BG Group

GAC, a world leader in global shipping services, has been appointed sole provider of hub agency services for the worldwide LNG fleet of BG Group. The agreement also covers crude oil and LPG shipments to accommodate BG Group's expanding cargo range. The n ...

Junex production tests oil at 161 bopd at Galt No.4 horizontal well

Junex Inc. (TSX VENTURE:JNX) announces that it recorded a steady production rate of 161 barrels of oil per day during the final six days of its 14 day production test in its Galt No. 4 Horizontal well. This production rate of 161 BOPD was limited by the config ...

Fastnet Oil & Gas announces management changes

Fastnet (AIM: FAST, ESM: FOI), the UK and Irish listed E&P company focused on near-term exploration and appraisal acreage in Morocco and the Celtic Sea, announces certain management changes following the appointment of Carol Law as CEO in December 2014 and a r ...

Volga Gas concludes formal sale process

Conclusion of Formal Sale Process Following the announcement by the Company of a formal sale process on 5 June 2014 a number of proposals were received from interested parties. However none of the proposals have been deemed by the Board to represent a fair va ...

The most powerful sanction against Iran? Try US crude exports

As the US Senate deliberates a new round of sanctions on Iran, two former Obama advisers make a compelling case for a powerful policy lever that is not even on the table - US crude exports. The economic arguments for exporting US crude are fairly well-known a ...

New Frontiers: Colombia looks to reverse the drop in its oil production

After a much-celebrated turnaround in increasing oil production, Colombia reversed course last year. In this week’s Oilgram News column, Regulation & Environment, Chris Kraul talks with a key Colombian official on reversing that slide. Better terms. Mor ...

Tetra Technologies announces leadership change in offshore services division

TETRA Technologies, Inc. (NYSE: TTI) today announced that Peter J. Pintar, currently TETRA's Senior Vice President - Corporate Strategy and Development, will become Senior Vice President of TETRA's Offshore Services Division. Mr. Pintar will report to ...

Tethys Petroleum reports record net sales for full year 2014

The growth in sales from Tethys' production in the Sultanate of Oman continued in the fourth quarter 2014, and the company reports record net sales of MSEK 1,046 for the full year 2014. The increasingly stronger USD to the SEK during the fourth quarter has ...

Paradigm Oil & Gas report strong start to 2015 and plan to announce new partnerships in the next 48 hours

Paradigm Oil and Gas, Inc. (OTC PINK: PDGO), a leading service provider to the oil and gas industry with expanding operations in oil and gas production, announced important new strategic partnerships, the reactivation of four newly rebuilt wells and the accumu ...

Oil price, IGas/Egdon, Afren, and finally...

Oil price After falling modestly yesterday the oil price has again 'stabilised' at around these levels after a speech in London given by el-Badri the Opec Secretary General. He must have been reading the blog as I have been suggesting that the more cu ...

Rock Energy reduces 2015 capital spending to $25 million

Rock Energy Inc. (TSX:RE) provides a 2014 operations update and revised 2015 guidance. Rock is a Calgary-based crude oil exploration, development and production company. On November 5, 2014 Rock provided initial guidance for 2015 which included a capital spen ...
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