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An inroad for US crude export supporters on national security - maybe

The national security argument for lifting the US' long-standing restrictions on oil exports appears to be making some headway. Senator Bob Menendez, a New Jersey Democrat who in June had signed a letter to President Barack Obama saying unfettered US oil expor ...

Oil price, Eni, Faroe, Falcon, Tethys, Rockhopper, Sundry-Trinity-Petroceltic-Range- And finally...

Oil price With WTI rising by 8.8% and Brent by 8.2% yesterday, the rise from last Wednesdays $39 and $43 plus change has been nearly 30% in less than a week. Such volatility was helped by a solid blast of short covering and a belief that something was going o ...

Arab Gulf states can outlast low oil prices, but expect foreign policy to shift

What might decreasing oil revenues mean for the Persian Gulf oil states? With low crude prices, high supply and global economic challenges, it is natural to wonder whether the level of dependence on petrodollars by Saudi Arabia and the other Gulf Cooperation C ...

Hydrocarb Energy announces plans to drill exploration well

Hydrocarb Energy Corporation (OTCQB: HECC) is anticipating mobilizing a drilling rig to Galveston Bay State Tract 259 to drill an exploration well in mid-October. The North Eagle Bay ST 259 #1 well is a high-impact exploration well in which Hydrocarb's subsidi ...

ION awarded TPDC contract for seismic survey

ION Geophysical Corporation (NYSE: IO) and the Tanzanian Petroleum Development Corporation today announced that the TPDC has awarded ION a contract to acquire 4,058 km of 2D seismic, gravity and magnetic data over offshore blocks 4/1B and 4/1C in the Rovuma De ...

Oceaneering appoints Director, Investor Relations

Oceaneering International, Inc. (NYSE: OII) announced today that Suzanne Spera has joined Oceaneering as Director, Investor Relations. Ms. Spera's business career spans over 15 years in investor relations for energy companies. From 2008-2015 she was the Direc ...

Total announces start of production from Surmont 2 oil sands project, Canada

Total announces the start-up of production from the Surmont 2 oil sands project, located 63 kilometers southeast of Fort McMurray in the Athabasca region of Alberta, Canada. As a result of the technology that will be implemented, production will ramp up throu ...

Gas Plus Khalakan to commence development drilling at Shewashan oil field, Kurdistan Region of Iraq

Gas Plus Khalakan, a 75%-owned subsidiary of New Age, is about to commence the development drilling of three wells for Phase 1 of the approved Field Development Plan for the Shewashan oil field in the Kurdistan Region of Iraq. Phase 1 of the development includ ...

LINN Energy closes sale of remaining Wolfcamp acreage

LINN Energy, LLC (NASDAQ:LINE) and LinnCo, LLC (Nasdaq:LNCO) ('LinnCo') announced today that LINN has closed the previously announced sale of its remaining position in Howard County in the Permian Basin for a contract price of approximately $281 million, subje ...

Pan Orient Energy appoints Director

Pan Orient Energy Corp. (TSX VENTURE:POE) is pleased to announce the appointment of Richard M. Alexander as a director and a member of Pan Orient's audit committee. Mr. Alexander has over 35 years of experience in the oil and gas industry. He is presently the ...

Deep Well Oil & Gas announces Steam Assisted Gravity Drainage project production update

Deep Well Oil & Gas, Inc. (OTCQB:DWOG) is pleased to announce a production update of our joint Steam Assisted Gravity Drainage project located in the Peace River oil sands area of Alberta, Canada. Our SAGD Project production rate at the end of 11 months excee ...

Urals Energy announces completion of tanker loading

Urals Energy PCL (AIM:UEN), the independent exploration and production company with operations in Russia, is pleased to announce that the planned annual tanker shipment for export from Arcticneft on Kolguyev Island has been completed successfully. The tanker h ...

Oil Production Vital Statistics August 2015

The main action this month has been on the oil price that continued to slide. Both WTI and Brent set new post-crisis lows but saw sharp reversals on 27th and 28th August last week. This is a story still unfolding that is discussed in greater detail in the capt ...

Petroceltic - Massive ENI discovery close to PCI licence

There was good news for Petroceltic (PCI) over the weekend. ENI announced that it had made a 30tcf GIIP discovery offshore Egypt, the largest ever gas find in the Mediterranean. The discovery, Zohr, is in the corner of a block adjacent to the North Port Fouad ...
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