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Schlumberger acquires Novatek

Schlumberger announced today that it has acquired Novatek Inc. and Novatek IP, LLC. (Novatek), U.S.-based companies that specialize in synthetic diamond technology primarily for the oil and gas industry. The existing relationship between Schlumberger and Nova ...

Discussing the costs of disaster for offshore US oil : Regulation and Environment

In this week's Oilgram News column, Regulation and Environment, Gary Gentile asks if the risks associated with ultra-deepwater oil production endeavors are properly disclosed to shareholders. Opponents of offshore drilling in frontier environments, such as the ...

Virtus Oil and Gas spuds Lone Pine 34-11-5 well, Southern Utah

Virtus Oil and Gas Corporation (OTCBB: VOIL) spud the conductor hole at the Lone Pine 34-11-5 well in Southern Utah on August 25, 2015. Energy Drilling's Rig 8 has been assembled onsite and initiated formal operations on August 31, 2015. As of 7:00 a.m. on Se ...

GeoPark announces discovery of Jacana, new oil field in Colombia

GeoPark Limited (NYSE: GPRK), the Latin American oil and gas explorer, operator and consolidator with operations in Chile, Colombia, Brazil, Argentina and Peru[1], today announces a new oil field discovery following the drilling of exploration well Jacana 1, l ...

It's Insane But Why Not? Oil Back at $100 By Christmas

ALBERT Einstein is widely credited with saying this: 'The definition of insanity is doing the same thing over and over again, but expecting different results'. Who cares if it is either paraphrased or he didn't even say it at all? This is a fantastic quote. F ...

ION awarded contract to conduct 2D seismic survey of Somalia Puntland offshore margin

ION Geophysical Corporation (NYSE: IO) and the Puntland Petroleum Minerals Agency (PPMA) announced that the PPMA has awarded ION a contract to acquire 8,000 kilometers of seismic data covering the entire Somalia Puntland offshore margin. The regional 2D multi- ...

Effect of removing U.S. crude export restrictions depends on price and resource assumption

A new study by the U.S. Energy Information Administration (EIA) on the potential implications of allowing more crude oil exports finds that effects on domestic crude oil production are key to determining the other effects of a policy change. Gasoline prices w ...

Rooster Energy announces appointment of alternate director and new Chief Financial Officer

ROOSTER ENERGY LTD. (TSX VENTURE:COQ) announces the appointment of J. Munro M. Sutherland as an alternate Director and Gary L. Nuschler, Jr. as its new Chief Financial Officer. The appointments are effective September 1, 2015. In conjunction with the new appo ...

Prospect of new pipeline capacity in Louisiana rattles rail, barge operators

Louisiana could be the site of the next wave of pipeline expansions, which might be a boon for refiners there, but other midstream players could find themselves on the outside looking in, depending on the origin of the crude on the lines. Southern Louisiana h ...

Bilfinger awarded five year TAQA contract

Bilfinger Salamis UK, provider of asset life extension services, has been awarded a five year contract, with two one-year extension options, for international energy company TAQA for its oil and gas operations in the UK North Sea. Under the contract Bilfinger ...

Northern Frontier Corp. announces acquisition of SL Oilfield Construction Ltd.

Northern Frontier Corp. (TSX VENTURE:FFF) is pleased to announce that it has agreed to acquire SL Oilfield Construction Ltd., an oilfield construction service provider based in Whitecourt, Alberta. SL Oilfield's business is providing road and land preparation ...

ShaMaran Petroleum announces results of Chiya Khere-8 development well; completed for production

ShaMaran Petroleum Corp. (TSX VENTURE:SNM)(OMX:SNM) is pleased to announce the successful testing and completion of the Chiya Khere-8 development well in the Atrush Block in the Kurdistan Region of Iraq. The CK-8 development well was drilled in the third quar ...

Clean Energy no longer just for tree-huggers, as oil nations look to renewables

As the oil price further deteriorates, major oil-producing countries are looking to the future and to sustainability. Recently, Bloomberg forecast that two-thirds of the $12.2 trillion global investment in capacity-generation to 2040 will be in the renewables ...

WPX Energy sells Powder River Basin assets

WPX Energy (NYSE: WPX) has completed the divestiture of its remaining mature coalbed methane properties in Wyoming's Powder River Basin and scheduled a related sale of its membership interest in Fort Union Gas Gathering L.L.C. to close in November. The buyer ...
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