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GasLog completes the acquisition of two LNG carriers from BG Group

GasLog Ltd. (NYSE:GLOG) is pleased to announce that it has successfully completed the acquisition of two LNG carriers from Methane Services Limited, a subsidiary of BG Group plc, which was previously announced on December 22, 2014. This completes the third acq ...

Chaparral Energy announces year-end 2014 results

Chaparral Energy, Inc. announced its year-end 2014 financial results and provided an update on its operations today. Highlights included: Average total production of 30.1 Mboe/d during the fourth quarter, a 26 percent year over year pro-forma increase for the ...

Torchlight Energy drills first well in Orogrande Project

Torchlight Energy Resources, Inc. (NASDAQ: TRCH), today announced that they have begun to drill the first test well in the Orogrande project, The University Rich A11. The University Rich A11 well will be a vertical test well drilled to approximately 6,000 fee ...

Saturn Minerals Inc. completes seismic program at Little Swan Saskatchewan oil & gas property

Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) is pleased to announce the completion of its third 2D seismic program over Petroleum Exploration Permit 71 (the 'Little Swan Property') consisting of 102,758 Hectares in the northern Williston Basin in east ...


U.S. oil production growth in 2014 was largest in more than 100 years

U.S. crude oil production (including lease condensate) increased during 2014 by 1.2 million barrels per day (bbl/d) to 8.7 million bbl/d, the largest volume increase since recordkeeping began in 1900. On a percentage basis, output in 2014 increased by 16.2%, ...

US oil production on track to reach all time high

Rystad Energy estimates US annual oil production (crude oil plus lease condensate) to peak at 9.7 million barrels per day by September 2015, assuming WTI stays at 55 USD/bbl on average for the year. The average production for 2015 estimated at 9.65 million bar ...

New EIA monthly data tracks crude oil movements by rail

. For the first time, EIA is providing monthly data on rail movements of crude oil, which have significantly increased over the past five years. The new data on crude-by-rail (CBR) movements are integrated with EIA's existing monthly petroleum supply statistic ...

Chevron's Vice Chairman and Executive Vice President, Upstream, to retire

Chevron Corporation (NYSE:CVX) confirmed today that George L. Kirkland, vice chairman and executive vice president, Upstream, will retire from the company, effective June 15. He will be succeeded by James W. (Jay) Johnson, as executive vice president, Upstream ...

Rex Energy announces Joint Venture agreement in Butler Operated Area and financial updates

Rex Energy Corporation (Nasdaq:REXX) announced a new joint venture agreement in the Butler Operated Area, re-determined borrowing base and amended financial covenants to the senior secured credit facility. Joint Venture Agreement Rex Energy has entered into ...

Cameron names Vice President, Marketing and Chief Technology Officer

Cameron (NYSE: CAM) announced today that Justin Rounce has assumed the newly created position of Vice President, Marketing and Chief Technology Officer (CTO), effective March 23, 2015. In his new role Rounce is responsible for Strategic Marketing, Communicati ...

Apache Corporation reports strong results from discoveries in Egypt's Western Desert

Apache Corporation (NYSE, Nasdaq: APA) today reported strong appraisal- and development-drilling results from Egypt following the previously announced discovery of two new oil fields in the Western Desert. The initial discoveries were announced with the fourth ...

CAMAC Energy ready to commence production at Oyo-8 well

CAMAC Energy Inc. (NYSE MKT:CAK) announced today it has finished completion operations on the Oyo-8 well, located offshore Nigeria, and is now ready to commence oil production. Oyo-8 is hooked up to the FPSO Armada Perdana owned by Bumi Armada Berhad. However ...

Hunting completes sale of E.A. Gibson Shipbrokers

Hunting PLC (LSE : HTG) announces the completion of the sale on 31 March 2015 of its wholly owned subsidiary E.A. Gibson Shipbrokers Limited. Gibson has been acquired by E.A. Gibson Holdings Limited, a holding company which is owned by Gibsons Employee Truste ...

C2O - Redefining Value in Brownfield Energy Projects

A pioneering collaboration between three industry leading companies has been launched to cut costs in the oil and gas sector. The C2O alliance brings together CDS Energy Services, On Line Design and Engineering and Optis Europe, who have worked together over ...
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