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Lower 48 oil production outlook stable despite expected near-term reduction in rig count

Source: U.S. Energy Information Administration, January Short-Term Energy Outlook Note: Graph does not include production from Alaska and the Federal Gulf of Mexico. The sharp decline in oil prices over the last quarter of 2014, which has continued in Janua ...

Oil price, The Bucket List... And finally...

Oil price The oil price had, by its own recent standards a fairly quiet week, Brent was only down $1.38 whilst WTI fared a little worse after those awful inventory numbers to finish down $3.54 over the period. This meant that having flirted with positive terr ...

Warren Resources announces 2014 production and updated 2015 capital budget

Warren Resources, Inc. (Nasdaq:WRES) today announced expected total production volumes for the full year 2014 and updated its capital budget and production guidance for the full year 2015. While year-end audited financials are not yet complete, Warren estimat ...

American Energy Partners appoints new Chief Financial Officer of its affiliates

American Energy Partners, LP (AELP) today announced that it has hired Jennifer M. Grigsby as the Chief Financial Officer of its affiliates American Energy - Woodford, LLC (AEW) and American Energy - Minerals Holdings, LLC (AEMN). Grigsby, 45, previously worked ...


ExxonMobil CEO chosen as Energy Intelligence 2015 Petroleum Executive of the Year

Energy Intelligence announced today that Rex W. Tillerson, Chairman and Chief Executive Officer of Exxon Mobil Corporation, has been named Petroleum Executive of the Year for 2015. He was chosen for the 2015 award by a group of top global oil industry executiv ...

LGO Energy announces flow rate of well GY-669 and Goudron Field update

LGO Energy (LSE:LGO) is pleased to announce that its most recently completed well, GY-669, at the Goudron Field in Trinidad was perforated on 23 January in the C-sands and is now flowing at a stabilized, but highly restricted, rate of 365 barrels of oil per da ...

The most important thing to understand about the coming oil production cutbacks

What the current oil price slump means for world oil supply is starting to emerge. "Layoffs," "cutbacks," "delays," and "cancellations" are words one sees in headlines concerning the oil industry every day. That can only ...

Gazprom Marketing & Trading Singapore and Yamal Trade sign long-term contract for LNG supply

Gazprom Marketing & Trading Singapore, company of Gazprom Group and Yamal Trade signed a long-term sales and purchase contract for liquefied natural gas (LNG) from the Yamal LNG project. The contract that will be effective for over 20 years provides for the a ...

Can Africa's oil producers weather the oil price storm?

West Africa has suffered one of its most difficult years in 2014. and 2015 is shaping up to be an even more difficult year for that region. While the deadly Ebola virus will eventually wind down, the disruptions caused by the outbreak will continue to cripple ...

GMB warn parliament about threat to North Sea oil and gas and UK security

GMB, the union for gas and energy workers, called on MPs to support the Infrastructure Bill in the third reading today (26th Jan) in Parliament and warned that an amendment threatens North Sea oil and gas and UK energy security. Gary Smith, GMB National Secr ...

US onshore rig count continues steady decline

The Gaffney, Cline & Associates (GCA) US Oil & Gas Monitor, launched on 9 January 2015 to track onshore and Gulf of Mexico (GoM) activity in the light of the oil price crash, continues to show a steady decline generally tracking that seen six years ago in the ...

Palantir Forward Price Curve - 2015 Q1

Global Economy Global oil prices have declined more than 50% compared with the 2014 highs reached in June. During the first two weeks of January 2015, crude oil prices have continued to decline. On January 12, 2015, the New York Mercantile Exchange (NYMEX) W ...

Touchstone Exploration - operating cautiously

Touchstone Exploration (TXP) has put a strategy in place for 2015 aimed at weathering the current storm of low crude oil prices while maintaining the ongoing viability of its assets in Trinidad. In an effort to conserve the balance sheet, TXP is restricting ca ...

African Petroleum report upgraded prospective resources in Côte d'Ivoire and Liberia

African Petroleum Corporation, an independent oil and gas exploration company operating ten licences in five countries offshore West Africa, is pleased to announce an update to its prospective oil resources at its 90% owned and operated CI-509 and CI-513 offsh ...
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