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Bakken Oil Production Is Already Declining, But Is It About To Crash?

Bakken oil production has already declined in 2015. There is compelling evidence that this decline is going to accelerate significantly in the next couple of months. If that happens the recovery we have seen in oil prices in recent weeks is also going acceler ...

Saipem announces first quarter 2015 results

The Board of Directors of Saipem S.p.A. today approved Saipem Group's Interim Report as at March 31, 2015 (not subject to audit). First quarter 2015: Revenues: €3,020 million (€2,891 million in the first quarter of 2014) EBIT: €159 million (&eu ...

Surge Energy announces continued expansion of crude oil discovery at Shaunovan, Saskatchewan

Surge Energy Inc. (TSX: SGY) announces that its previously disclosed Upper Shaunavon crude oil discovery in SW Saskatchewan is continuing to expand with excellent on-going delineation drilling results. Surge now believes that this high quality, conventional sa ...

InterOil Corporation commences flow testing at the Elk-Antelope gas field, Papua New Guinea

InterOil Corporation (NYSE: IOC; POMSoX: IOC) has begun flow testing at the Elk-Antelope gas field in Papua New Guinea as part of the field appraisal. Papua New Guinea Prime Minister the Honorable Peter O'Neill and the Minister for Department of Petroleum and ...

Petrolia resumes work at Haldimand 4 site

Pétrolia (TSX VENTURE:PEA) announced today that the production pump arrived at the Haldimand 4 site on April 24th. The installation of the pump began today and will be completed during the week. The pump will initially be used to complete well cleaning ...

Floating LNG regasification is used to meet rising natural gas demand in smaller markets

Floating regasification is a flexible, cost-effective way to receive and process shipments of liquefied natural gas (LNG). Floating regasification is increasingly being used to meet natural gas demand in smaller markets, or as a temporary solution until onsho ...

TORC Oil & Gas announces strategic acquisition in southeast Saskatchewan

TORC Oil & Gas Ltd. (TSX:TOG) announces that it has entered into an agreement to acquire high quality, light oil assets which are complementary to TORC's existing assets in southeast Saskatchewan. The strategic acquisition includes 4,750 boepd (~98% light oil ...

Toro Oil & Gas files year-end 2014 results

Toro Oil & Gas Ltd. (TSX VENTURE:TOO) announces that it filed its financial and operating results for the fourth quarter and year ended December 31, 2014 with the Canadian Securities Administrators. Message from the President Fellow stakeholders, in my inaug ...

Oil price, Kosmos, Tullow, Falklands well, Sundry-BP-majors results-FT- And finally...

Oil price Last week saw a slight shift in favour of Brent over WTI, the former ending up gaining $1.83 and the latter losing 17c over the period. It pushed the differential back over $8 mainly due to another set of poor inventory stats which showed yet anothe ...

INPEX acquires participating interest in ADCO onshore concession

INPEX Corporation announced today that it has acquired a 5% participating interest in the ADCO Onshore Concession in Abu Dhabi. The acquisition is based on a 40-year agreement with the Supreme Petroleum Council of the Emirate of Abu Dhabi and the Abu Dhabi Nat ...

The significance of the physical and the benefits of oil barrels: Petrodollars

Ned Molloy explains the benefits of having ownership of physical barrels — and how companies that do so are still competing in trading with those armed only with information — in this week's Oilgram News column, Petrodollars. In the crude oil trad ...

West Texas Resources appoints new director to the board

West Texas Resources, Inc. (OTC PINK: WTXR), a Texas-based independent oil and gas company, today announced the appointment of Paul Brogan to its board of directors. Mr. Brogan has over 30 years of experience in the oil and gas industry. From 1999 to 2010, Mr. ...

Falcon Crest Energy searches for opportunities outside oil and gas sector

Falcon Crest Energy, Inc. (OTC: FCEN), a development stage oil and gas exploration and production company, today affirms the desire to look into diversification of its business strategy. 'With oil and gas prices as low as they have been in the past six months ...

Rockdale Resources signs LOI to acquire working interest in a historical Oklahoma oil field

Rockdale Resources Corporation (OTCQB: BBLSE), announces the signing of a Letter of Intent with Houston based SUDS Properties, LLC, whereby Rockdale will acquire up to a 50% undivided Working Interest in the historic 2,600 acre Slick Unit Dutcher Sands field, ...
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