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Low oil prices are here to stay as the US shale oil revolution goes global

Oil price rises over the past 40 years have been truly spectacular, but the recent fall is probably here to stay, thanks to increasing production. We discuss these trends in our new book, The Price of Oil, published this month. In constant money, prices rose ...

Saipem awarded new E&C offshore contracts exceeding 600 million euro

Saipem has been awarded new E&C offshore contracts cumulatively valued at more than 600 million euro. Among the most significant initiatives are: Saudi Aramco Karan: An EPCI contract awarded by Saudi Aramco, which involves the engineering, procurement, trans ...

Oil price, Ithaca, Petrofac, President, Afren, And finally...

Oil price Another hike in the crude price yesterday and as not much has changed on fundamentals we should assume that the market is adding a modest geopolitical premium in for hostilities in Syria. With Russia and Saudi Arabia on different sides on this one t ...

Teekay announces senior management change

Teekay Corporation (NYSE:TK) announced that long-time Teekay leader David Glendinning, President, Teekay Gas Services, has decided to retire, as of December 17, 2015, after more than 28 years at Teekay. Stepping up to replace Mr. Glendinning is Mark Kremin, c ...

Chief Financial Officer of Connacher Oil and Gas retires

Connacher Oil and Gas Limited today announced that Greg Pollard will retire as Chief Financial Officer of Connacher effective November 15, 2015. The Company expects to find a replacement for Mr. Pollard shortly. On behalf of everyone at Connacher, I want to t ...

Genie Energy confirms significant hydrocarbon discovery in Israel

Genie Energy (NYSE: GNE) (NYSE: GNEPRA) today said that, consistent with its prior public statements and disclosures, preliminary evidence from the exploratory wells drilled by its Afek subsidiary in Northern Israel confirms the existence of significant quanti ...

Advancing Geoscience Through Science & Experimentation

In a recent (somewhat rowdy by his own admission) blog post by Teradata's brilliant geoscience expert, Duncan Irving, he addressed multiple frustrations with uptake of data analytics in oil and gas. The blog post is aptly named '4 Reasons Oil & Gas Companies A ...

Petrofac terminates contract with ZPMC following performance issues

Petrofac, the international service provider to the oil and gas industry, announces that due to issues with ZPMC's performance in respect of the construction of the proprietary design Petrofac JSD 6000 deepwater multi-purpose offshore vessel, Petrofac has term ...

NOVATEK reports preliminary operating data for the third quarter and nine months 2015

OAO NOVATEK reported today preliminary operating data for the third quarter and nine months 2015. In the third quarter 2015, NOVATEK's marketable production totaled 17.06 billion cubic meters of natural gas and 2,346 thousand tons of liquids, resulting in an ...

President Energy announces update on Paraguay prospective reserves

President announces significant new Prospective Resources from the completion of the processing and interpretation of the newly acquired seismic data over the largest prospect in the Hernandarias Block, the Boqueron prospect. Highlights of Boqueron Prospect A ...

Lundin Petroleum sells its Indonesian business

Lundin Petroleum AB is pleased to announce the signing of a sale and purchase agreement with PT Medco Energi Internasional TBK, to sell its oil and gas assets in Indonesia. The Indonesian assets include the non-operated interest in the producing Singa gas fiel ...

Northcote Energy provides update on participation in Mexican Onshore Field Bid Round

Northcote (AIM: NCT) is pleased to provide an update on the progress it has made in Mexico with regards to the due diligence it has been undertaking in contemplation of participating in Phase III of Round 1 of the National Hydrocarbons Commission's tender proc ...

Thursday, October 8, 2015

Lithium Market Set To Explode - All Eyes Are On Nevada

While other commodities are floundering or completely collapsing in this market, lithium—the critical mineral in the emerging battery gigafactory war—is poised to explode, and going forward Nevada is emerging as the front line in this pending Ameri ...

Royale Energy reaches agreement to develop Sacramento Basin Grimes Field

Royale Energy, Inc. (NASDAQ:ROYL) today announced that it has reached an agreement, with a major independent exploration and production company, to develop 1,300 acres in the Sacramento Basin Grimes Field. This agreement allows Royale to drill up to three well ...
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