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Occidental Petroleum replaces 174 percent of 2014 production

Occidental Petroleum Corporation (NYSE:OXY) announced today that at year-end 2014, the company's preliminary worldwide proved reserves totaled 2.82 billion barrels of oil equivalent (BOE) compared to 2.74 billion BOE at the end of 2013, restated to exclude ...

Apco completes merger with Pluspetrol Black River

Apco Oil and Gas International Inc. (NASDAQ:APAGF) today announced that it had completed its merger with Pluspetrol Black River Corporation, a wholly-owned subsidiary of Pluspetrol Resources Corporation, in an all-cash transaction with an equity value of appro ...

Oil price, Shell, Caza, SOCO, Sundry-BP-IGas-Petroceltic- And finally...

Oil price Are we about to capitulate one might ask? Although the market has stayed remarkably stable for all of two weeks the signs are not that good, el-Badri continues to say that the pain has to be taken before the gain but it might take one more shake out ...

Novatek announces year-end 2014 reserves

OAO NOVATEK announced that independent petroleum engineers, DeGolyer & MacNaughton, have completed their comprehensive reserve appraisal of the Company's hydrocarbon reserves as of 31 December 2014. Total SEC proved reserves, including the Company's p ...


TXO comments on share price movement

The Board is aware of an erroneous corporate action letter sent to clients of TD Direct Investing (Europe) Limited ("TDI") stating that the Company would be cancelled from trading on AIM with effect from 23 February 2015. TDI have been made aware of ...

Wood Mackenzie says Chinese energy demand must be reviewed

Wood Mackenzie says 2014 was a significant year for China as economic rebalancing led demand growth - for a range of major energy commodities - and GDP growth decoupling significantly for the first time. Over the past two decades, commodity demand growth had m ...

Third XLE jack-up rig added to Maersk Drilling's fleet

Maersk Drilling has taken delivery of its third ultra harsh environment jack-up, XLE-3, from the Keppel FELS shipyard in Singapore ahead of schedule. The rig will start her mobilisation to the Norwegian North Sea in late February, where she after arrival, will ...

GE and Statoil launch ambitious new collaboration to accelerate development of sustainable energy solutions

GE and Statoil have now announced a new collaboration to accelerate the development of more environmentally and economically sustainable energy solutions to help fuel the future. This joint technology-focused program is aimed at driving an industrial response ...

Global Petroleum extends Namibian Licence

The Board of Global Petroleum Limited is pleased to present its Quarterly Report for the period ending 31 December 2014. Summary The Company held its Annual General Meeting in Brisbane on 27 November 2014. The Company agreed with the Namibian Ministry of Mi ...

Shell full year 2014 update: Balancing growth & returns

Shell's CEO Ben van Beurden today updates on 2014 performance and his priorities for the company, in presentations to financial markets. Van Beurden commented: "Shell has delivered where it counts in 2014. We are stepping up our drive for stronger ca ...

SOCO International trading and operations update

SOCO International plc issues the following trading and operations update in advance of the Company's full-year 2014 results, which are scheduled for release on 12 March 2015. The information contained herein has not been audited and may be subject to furt ...

Caza Oil & Gas provides operational update

Caza Oil & Gas, Inc. (TSX: CAZ) (AIM: CAZA) is pleased to provide an operational update for the Marathon Road and East Marathon Road properties along with future drilling plans for the Company's Bone Spring program. Marathon Road Property, Lea County, New ...

Wednesday, January 28, 2015

BP forms alliance with Chevron and ConocoPhillips to advance Paleogene discoveries

BP announced today it has formed a new ownership and operating model with Chevron and ConocoPhillips to focus on moving two significant BP Paleogene discoveries closer to development and provide expanded exploration access in the emerging geologic trend in the ...

Cenovus Energy further reduces capital budget in response to low oil prices

Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) is further reducing its 2015 capital spending in order to preserve cash and maintain the strength of its balance sheet. The company has identified approximately $700 million in additional capital expenditures original ...
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