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Eneabba to expand Perth Basin portfolio

Eneabba Gas Limited is pleased to announce that it has entered into a binding Heads of Agreement) with Greenpower Energy Limited (ASX:GPP) for an option to acquire 100% of the issued capital of Greenpower's wholly owned subsidiary, GCC Methane Pty Ltd. GCC own ...

Tanager Energy commence work to put first well of the Joffre Project on production

Tanager Energy Inc. (TSX VENTURE:TAN) provides a status update regarding placing the first well within the Joffre D3 B Pool on production. Joffre Project: The Joffre Project, in which Tanager has a 50% working interest, consists of 4 suspended oil wells and ...

Virginia Hills Oil Corp. proposes acquisition of private oil & gas producer

Virginia Hills Oil Corp. and Pinecrest Energy Inc. (TSX VENTURE:PRY) announce that Virginia Hills and its wholly-owned subsidiary 1834163 Alberta Ltd., ('AcquisitionCo') have entered into an agreement with a private oil and gas producer, hereafter PrivateCo, p ...

U.S. crude oil storage capacity utilization now up to 60%

Crude oil inventory data for the week ending February 20 show that total utilization of crude oil storage capacity in the United States stands at approximately 60%, compared with 48% at the same time last year. Most U.S. crude oil stocks are held in the Midwe ...


ExxonMobil adds new production; continues long-term capital focus and investment discipline

Exxon Mobil Corporation (NYSE:XOM) expects to start up 16 major oil and natural gas projects during the next three years and is on track to increase daily production to 4.3 million oil-equivalent barrels by 2017, Rex W. Tillerson, chairman and chief executive ...

Magnum Hunter Resources appoints new Vice President of Reservoir Engineering

Magnum Hunter Resources Corporation (NYSE: MHR) (NYSE MKT: MHR.PRC) (NYSE MKT: MHR.PRD) (NYSE MKT: MHR.PRE) announced that the Company has appointed Charlie Gibson as Vice President of Reservoir Engineering effective March 2, 2015. Mr. Gibson, age 56, will rep ...

Blackbird Energy announces two significant discoveries at Elmworth Project

Blackbird Energy Inc. (TSX VENTURE:BBI) announces that its first two operated horizontal Montney wells, which are located at 06-26-70-07-W6 ('06-26') and 05-26-70-07W6 ('05-26') on Blackbird's 69 section land block at Elmworth, Alberta, Canada, have been succe ...

Oil price, Afren, President, Primeline, Bowleven, Sundry-BP-Circle- And finally...

Oil price Firstly apologies, my very short blog yesterday got lost to some addresses due to operator error, I was leaving early for a series of meetings. This meant that for some people the blog came twice, for others they will get two today! The main message ...

Here's What Will Send Oil Prices Back Up Again

Oil's rapid decline since August of last year has been dramatic. To listen to some commentators you would also think it is unprecedented and irreversible. Those claiming that oil will continue to fall from here and remain low for evermore, however, are flying ...

When the going gets tough: EBH Namibia, providing solid support for the oil and gas industry to weather oil price 'storm'

As one of the leading contributors to the economy of Namibia, ship repair company Elgin Brown & Hamer (EBH) Namibia, is keeping a close watch on the sliding oil price. The company is fully cognisant of the impact the downturn has already started to have and re ...

Cost Reduction Today, Now, in This Era!

Personally, I have had enough of 'doom and gloom'! So here's a wacky idea! Where the oil price goes from now - the price relative to this moment in time - is determined by the supply/demand balance. But what determines the absolute price? My argument would ...

Western Gas Partners acquires Anadarko's 50% interest in Delaware Basin JV gathering system

Western Gas Partners, LP (NYSE: WES) today announced that it has acquired Anadarko's 50% interest in the Delaware Basin JV gathering system. The Partnership paid no consideration at closing, but agreed to make a future payment on March 31, 2020 equal to eight ...

Oil price, Sundry, And finally...

Oil price Very quick blog this morning as I am off to see several companies today, particularly its the Falklands Capital markets Day which I will be reporting on tomorrow. Brent took a bath yesterday as Libya announced that production had picked up sharply ...

Odin Energy announces changes to the Board of Directors

The Company wishes to announce the appointment of Mr David Ballantyne as a director. David is a Chartered Accountant who has considerable commercial experience in the resources industry, both oil and gas, and hard rock. In addition he has experience outside re ...
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