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Alaska's Arctic oil resources require tech investment now: Regulation & Environment

The technology underlying the US shale revolution was largely developed and funded by government laboratories working in conjunction with the private sector. Could the same formula be the key to unlocking the oil and gas riches offshore Alaska? That's one of ...

Stetson Appoints New President and CEO

Stetson Oil & Gas Ltd. (TSX VENTURE:SSN) is pleased to welcome Mr. Fred Leigh as the company's new President and Chief Executive Officer and a member of the board of directors. Mr. Leigh has been involved in the junior resource sector for more than 30 years an ...

Waldron Energy Corporation to sell its Ricinus and Strachan properties

As previously announced on December 2, 2014, Waldron Energy Corporation ('Waldron' or the 'Corporation') (TSX:WDN) has engaged Cormark Securities Inc. as its exclusive financial advisor in order to pursue the sale of a material portion of the assets of the Cor ...

Friday, May 1, 2015

US Quadrennial Energy Report shows the will - but not the way - to modernizing the SPR

Ever since US Energy Secretary Ernest Moniz acknowledged at a Platts forum in December 2013 that the Strategic Petroleum Reserve merited a 're-look' at how it is structured, given the boom in US production and the resulting declines in imports and changes in c ...

United Hunter Oil and Gas Corp. announces the impairment of its interest in Alamo Creek, LLC

United Hunter Oil & Gas Corp. (TSX VENTURE:UHO) announces that, in conjunction with the filing of its audited financial results for the period ended December 31, 2014, it has impaired the Corporations 25% interest holding in Alamo Creek, LLC. Alamo Creek holds ...

Afren releases 2014 full year results

The Board of Afren plc announces its results for the year ended 31 December 2014 Net production excluding Barda Rash of 31,819 bopd, slightly below the full year guidance range of between 32,000-36,000 bopd. Year-on-year reduction of 32% due to cost recovery a ...

Horse Hill #1 - Recommended Testing Programme

In my spare time, i.e. when I am not writing articles, I like to think of myself as a passable petroleum engineer. So I thought I would mock up the memo I would have written to Messrs Lenigas, Sanderson & Ritson if they had had the gumption to ask for my advic ...

Corridor Resources shuts in certain producing natural gas wells

Corridor Resources Inc. announced today an update to its 2015 operations. Corridor has decided to shut-in certain of its producing natural gas wells for the period from May 1, 2015 to October 31, 2015. The estimated average production from these wells is appr ...

Chevron reports first quarter net income of $2.6 billion

Chevron Corporation (NYSE: CVX) today reported earnings of $2.6 billion ($1.37 per share - diluted) for first quarter 2015, compared with $4.5 billion ($2.36 per share - diluted) in the 2014 first quarter. Foreign currency effects increased earnings in the 201 ...

Oil price, majors results, Chariot, Hurricane Energy, Cape, Sundry-Ascent-Nostra Terra-And finally...

Oil price Oil ended the month in a good place with WTI having risen by 25% and Brent by 21%. Reuters report that the first blush estimate of Opec production in April is of production of 31.04m b/d with Iran joining the Saudis in pushing up exports. Yesterdays ...

Bayport International Holdings announces acquisition of the two-well Cook lease, Oklahoma

Bayport International Holdings, Inc. (OTC PINK: BAYP) -- Today we are pleased to announce that we have signed a Letter of Intent to acquire the two well, 160 acre, Cook lease in Okfuskee County, Oklahoma from J.L. Watkins. Bayport has solidified a contract to ...

Savanna Energy Services Corp. announces changes to executive management team

The Board of Directors of Savanna Energy Services Corp. (TSX:SVY) has determined to make the following changes to Savanna's management team: Christopher Strong has been appointed President and Chief Executive Officer; Dwayne LaMontagne has been appointed Execu ...

Sintana Energy announces spud of Manati Blanco-1 well, Colombia

Sintana Energy Inc. (TSX VENTURE:SNN) is pleased to announce that Patriot Energy Sucursal Colombia, wholly owned by the Company, has received notice that ExxonMobil Exploration Colombia Limited has commenced drilling operations for the Manati Blanco-1 well, wh ...

Canadian Oil Sands announces first quarter results and progress on cost savings at Syncrude

Canadian Oil Sands Limited reported strong operating performance at Syncrude for the first quarter of 2015, with cost reduction initiatives and stable production mitigating the impact of lower oil prices. COS' cash flow from operations of $76 million ($0.16 pe ...
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