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Urals Energy announces expansion of Articneft License Area

Urals Energy PCL (AIM: UEN), the independent exploration and production company with operations in Russia, is pleased to announce that, following the payment of a royalty of RR27.5 million to the Russian regulatory authorities, the Company has been granted an ...

Tethys Petroleum receives non-binding letter of intent from AGR Energy

Tethys Petroleum Limited (TSX:TPL)(LSE:TPL) announces that it has received a non-binding letter of intent from AGR Energy Holdings Limited in connection with a potential US$20 million equity fundraising at a price of C$0.165 per share and potential US$5 millio ...

ProSep announces internal restructure and strategic reorganization

ProSep, the oil, gas and produced water treatment specialist, has announced an internal restructure and strategic reorganization as the company seeks to strengthen its position amidst ongoing industry challenges. As part of the reorganization Patrick McCarthy ...

Nostrum Oil & Gas withdraws offer to acquire Tethys Petroleum

Tethys Petroleum Limited (TSX:TPL)(LSE:TPL) announces that Nostrum Oil & Gas PLC has withdrawn its proposed offer that was previously announced on September 23, 2015 to acquire the entire issued share capital of Tethys together with a proposed US$20 million in ...

Malcy's Flash Blog: Oil Price

A very quick flash blog today, there is little company news but some interesting things going on in the oil market. One swallow does not a summer make but I am beginning to sense a more positive mood in the oil market although make no mistake in the short term ...

Bowleven announces changes to the Board of Directors

Bowleven, the Africa focused oil and gas exploration group traded on AIM, is pleased to announce the appointment of William ('Billy') MacDonald Allan as Non-Executive Director and Chairman Designate with effect from today. Billy will also join the Company's au ...

Wood Group awarded automation project for Tengiz Field in Kazakhstan

Wood Group has been awarded a multi-million dollar contract by Bechtel to provide an automation solution consisting of detailed engineering, control hardware and remote instrument enclosures (RIEs) for Tengizchevroil's (TCO's) Crude Storage Capacity Project at ...

AWE Limited commences flow testing at Waitsia-1; first zone achieves 24.7 mmscf/d

AWE Limited (ASX: AWE), Operator of the L1/L2 joint venture, today announced it had commenced the flow testing program for the Waitsia-1 well to further appraise the conventional Waitsia gas discovery in the onshore Perth Basin, Western Australia. The testing ...

Tuesday, October 6, 2015

Shell: More oil, less money

Shell is planning for a longer period of low oil prices. But in the longer term, argues Ben van Beurden, there will be no change to fundamental drivers such as rising demand and the need for new supplies. Moreover, the industry should not be blinded by low oil ...

Petrolia obtains necessary permit for Haldimand 4

Pétrolia Inc. (TSX VENTURE:PEA) is pleased to announce that it has obtained a completion permit which will allow it to carry out the cleaning of the well at Haldimand 4 and to start the long term production test. In anticipation of this work, the pump i ...

The O&G Industry Downturn: What It Means For Recent Grads & How To Survive It?

It was June 2014 when the oil and gas industry started to experience a downward market. Oil prices fell sharply to around $70 per barrel by November 2014, and this marked an end to a four-year period of price stability above $100 per barrel. Besides the geopol ...

Oceaneering Executive Vice President to step down at the end of 2015

Oceaneering International, Inc. (NYSE: OII) announced that Marvin J. Migura has decided to relinquish his position as Executive Vice President (EVP) effective December 31, 2015. Mr. Migura will continue to serve as a Senior Vice President (SVP), reporting to C ...

Penn Virginia Corporation sells non-core South Texas assets for $13 million

Penn Virginia Corporation (NYSE:PVA) today announced that it has sold certain non-core South Texas assets to an undisclosed buyer for gross cash proceeds of $13 million. The divested properties are located in far southwest Gonzales County, Texas, a significan ...

Platts Pre-Report Survey of Analysts' EIA/API Data Suggests 1.75 Mil. Barrel Build in U.S. Oil Stocks

U.S. commercial crude oil stocks are expected to have increased 1.75 million barrels in the week ended October 2, a survey of analysts showed Monday. The U.S. Energy Information Administration (EIA) is scheduled to release its weekly data at 10:30 am EDT (143 ...
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