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Oil Prices: Same As 200 Apples And Googles Going Bust

NO less than $119 trillion (or $119,000 billion) has been wiped off the value of the world's proven oil reserves. YES, that's right, if you look at the data on proven oil reserves in the CIA factbook, as John Mauldin did to verify calculations originally mad ...

U.S. mining and exploration investment declined 35% in 2015

Source: U.S. Energy Information Administration, based on U.S. Bureau of Economic AnalysisNote: Based on fourth-quarter and annual 2015 advance estimate of gross domestic product, which is subject to revision. See BEA's caution on the use of chained-dollar est ...

Seventy Seven Energy announces preliminary 2015 full year and fourth quarter operational and financial results

Seventy Seven Energy Inc. (NYSE: SSE) today reported preliminary estimated and unaudited financial and operational results for the 2015 full year and fourth quarter. Key information related to the 2015 full year and fourth quarter results is as follows: Full-y ...

Black Mountain Oil and Gas announces partnership with Natural Gas Partners

Black Mountain Oil & Gas, LLC is pleased to announce the closing of a $150 million equity commitment from Natural Gas Partners through NGP Natural Resources XI, L.P., the most recent NGP private equity fund focused on natural resources. The Black Mountain man ...


Kelt Exploration reports significant increases in reserves, undeveloped land and production in 2015 and provides update 2016 guidance

Kelt Exploration Ltd. (TSX: KEL) has released its reserves and operating results for the year ended December 31, 2015. Kelt's audit of its 2015 annual consolidated financial statements has not been completed and accordingly all financial amounts relating to 2 ...

Bellatrix Exploration announces director resignation

Bellatrix Exploration Ltd. (TSX, NYSE: BXE) announces that Daniel Lewis has resigned from the Board of Directors of the Company effective immediately. Mr. Lewis has resigned from the Board of Directors of the Company in connection with the recent announcement ...

Golar LNG Limited sells Golar Tundra to Golar LNG Partners LP

Golar LNG Limited announced today that it has entered into a purchase agreement to sell the Golar Tundra, a floating storage and regasification unit, to Golar LNG Partners LP for a sale price of $330.0 million. In connection with the closing, the Partnership ...

The Physics of Energy and the Economy

I approach the subject of the physics of energy and the economy with some trepidation. An economy seems to be a dissipative system, but what does this really mean? There are not many people who understand dissipative systems, and very few who understand how an ...

Oil price, Tullow, Circle, Sound, Far Limited, Sundry-Chesapeake- And finally...

Oil price As I mentioned on Monday, this week sees the publication of the short term outlook forecasts from all the major agencies. The IEA thumped the market yesterday by pouring cold water on most bullish scenarios such as non-Opec cooperation, a weak dolla ...

LUKOIL proved hydrocarbon reserves total 16.6 billion barrels of oil equivalent

PJSC LUKOIL finished an evaluation and independent audit of its oil and gas reserves as of December 31, 2015. The evaluation was performed in accordance with the US Securities and Exchange Commission (SEC) standards until the economic limit of commercial produ ...

Magseis awarded contract for major project in Saudi Arabia

Magseis has, together with its partner BGP, been awarded Saudi Aramco's S78 project for large-scale ocean bottom seismic acquisition in the Red Sea. The project has an expected duration of 9 months + 1 year and is expected to commence during July 2016. The sur ...

Cooper Energy to sell Indonesian exploration assets to Mandala Energy for $8.25 million

Cooper Energy (ASX:COE) announces that it has signed agreements for the sale of its Indonesian exploration assets to Mandala Energy Limited, a South East Asia focused oil and gas exploration and production company, for consideration of US$8.25 million. The sa ...

Aker Solutions to deliver concept study on future Johan Sverdrup phases

Aker Solutions will deliver a concept study on a new processing platform for future phases of the Statoil-operated Johan Sverdrup North Sea field, Norway's largest oil find in three decades. The study includes design solutions for a tie-in of the platform and ...

'Keep it in the ground' at work in the real world

Going forward, we know what the new year of environmental activism looks like. They have told us. They have made it perfectly clear. They call it: 'Keep it in the ground.' The campaign is about all fossil fuels: oil, gas, and coal. Instead of an 'all of the a ...
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