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Woodside Petroleum enters into contract for Reconnaissance Licence in morocco
Woodside Petroleum advises that it has entered into a contract for an exclusive Reconnaissance Licence (RL) with the Office National des Hydrocarbures et des Mines, the National Oil Company of the Kingdom of Morocco, to explore a block offshore Morocco. The block, know ...
North Africa
Golar LNG announces interim results for the period ended September 30, 2014
Highlights Key agreements executed to convert the 125,000 m3 LNG carrier Hilli to a floating liquefaction vessel. Hilli conversion activities commenced at Black & Veatch offices in US and at the Keppel Yard in Singapore. Sold a 10% stake in the entity that owns the ...
West Europe
Bellatrix announces lender approval of increase to its credit facilities
Bellatrix Exploration Ltd. (TSX, NYSE: BXE) announces that its syndicate of lenders, led by National Bank Financial as Sole Lead Arranger and Book Runner and National Bank of Canada as Administrative Agent, has approved, subject to completion of final documentation, an ...
North America
Madalena announces third quarter 2014 financial and operating results
Madalena Energy Inc. (TSXV: MVN and US: OTC: MDLNF) announce its third quarter 2014 financial and operating results. The third quarter was highlighted by the results of the accretive acquisition made by Madalena in late June 2014. The information below should be read in ...
North America
East West Petroleum announces drilling of Cheal-E6 well in New Zealand
East West Petroleum Corp. (TSX VENTURE:EW) announce the successful drilling of the Cheal-E6 well (30% working interest) in the Taranaki Basin of New Zealand. TAG Oil Ltd. ("TAG") is the operator and co-owner of all of the Company's licenses in New Zealand. ...
Otto Energy granted licence extension to drill Hawkeye well in SC55
Otto Energy Limited (ASX: OEL) announce that the Philippines Department of Energy (DOE) has today granted an extension of Sub Phase 4 of Service Contract 55 (SC55) for a period of 12 months. Sub Phase 4 will now expire on 23 December 2015. The Company continues its far ...
Asia Far East
TransAtlantic Petroleum announces successful Dadas completion in Southeast Turkey
TransAtlantic Petroleum Ltd. (NYSE-MKT:TAT) (TSX:TNP) announce its first successful completion in the Dadas interval at a vertical depth of approximately 9,650 feet in the Molla area of southeast Turkey. TransAtlantic performed a single-stage vertical frac of the Dadas ...
Middle East
Oil price and Opec meeting, IGas, Sundry-BG-Trinity-Sona- And finally...
Oil price ‘Twas the night before Opec and of course the market is none the wiser... As predicted each day comes with another series of ‘meetings’ real or imaginary and off-the-record briefings designed to put us all off the scent. Yesterday, the marke ...
West Europe
Is US oil production set to plummet?
American oil production is set for a fast pullback, says Chris Theal, founder and CEO of Canadian energy fund Kootenay Capital. And that has two important implications America is now the swing producer in the global oil market. If the bottom in oil prices wasn&rsquo ...
North America
Neste Oil to let 203 employees go
Neste Oil has completed the statutory employer-employee negotiations commenced on 7 October, 2014. The negotiations concerned the personnel of Neste Oil Corporation, Neste Renewable Fuels Oy, and Neste Shipping Oy. As the result of the negotiations, Neste Oil's per ...
East Europe
Petroamerica announces 2014 third quarter results including the Suroco acquistion
Petroamerica Oil Corp. (TSX-V: PTA) announce the financial and operating results for the three and nine months ended September 30, 2014, and to provide an update on the Suroco Energy Inc. ("Suroco") acquisition, operations and new business developments. Other ...
North America
MEO Australia - Merger plan makes sense
The proposed Neon Energy/MEO merger would create a combined group with c A$37m (as of September 2014) in cash and a diverse Australasian asset base. It would significantly reduce operating expenses and have a focused and experienced group of decision makers at the helm. ...
Hawk Exploration announces third quarter 2014 results
Hawk Exploration Ltd. announce its results for the three and nine months ended September 30, 2014. The Corporation's interim financial statements for the three and nine months ended September 30, 2014 and its management's discussion and analysis for the three an ...
North America
IGas Energy releases statement regarding finance facility
Further to the announcements on 16 January 2014 and 14 November 2014 regarding Mr Andrew Austin's finance facility with Equities First Holdings, LLC ("EFH") the Company wishes to make the following statement in relation to Mr Austin's financial interes ...
West Europe
Sale and purchase agreement to sell Trinity Exploration & Production's interests in TEPCL signed
Trinity Exploration & Production announces that it has signed a sale and purchase agreement to sell the Company's interests in TEPCL (the Tabaquite block) to LGO Energy PLC ("LGO") for US$2.0 million. The US$2.0 million consideration comprises a US$1.0 mi ...
Central America
LGO announces the signing of a binding Sale and Purchase Agreement
LGO today announces the signing of a binding Sale and Purchase Agreement ("SPA") to acquire 100% of the issued shares of Tabaquite Exploration & Production Company Limited ("TEPCL") from Trinity Exploration & Production plc ("Trinity"). TEP ...
Central America
Frontier Resources International: Issue of Equity and TVR
The Board of Frontier (AIM Ticker: FRI), the onshore oil and gas exploration company with assets in Oman, Zambia and Namibia, has today issued 1,000,000 new ordinary shares ("Shares") at 1.0p per new Share to John O'Donovan, a director of the Company, in r ...
West Europe
TAG's Cheal-E6 well intersects oil and gas bearing sands
TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF) report that the Cheal-E-JV-6 ("Cheal-E6") well (TAG 70%), located in the onshore Taranaki Basin of New Zealand has been successfully drilled to a total depth of 1,939 meters (6,360 feet). The Cheal-E6 step out well i ...
North Sea industry needs a cultural shift to maximise UKCS potential
Companies operating in the North Sea require a cultural shift to make the most of the its potential, according to a new report from Deloitte, the business advisory firm. The report, which gauges the oil and gas industry's reaction to Sir Ian Wood's Maximising R ...
West Europe
China oil demand rises 2.9% in October from year ago
China's apparent oil demand* in October rose 2.9% year over year to 42.65 million metric tons (mt), or an average 10.09 million barrels per day (b/d), according to a just-released Platts analysis of Chinese government data. The official data has also showed that Chi ...
Asia Far East

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