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BP forms alliance with Chevron and ConocoPhillips to advance Paleogene discoveries

BP announced today it has formed a new ownership and operating model with Chevron and ConocoPhillips to focus on moving two significant BP Paleogene discoveries closer to development and provide expanded exploration access in the emerging geologic trend in the ...

Cenovus Energy further reduces capital budget in response to low oil prices

Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) is further reducing its 2015 capital spending in order to preserve cash and maintain the strength of its balance sheet. The company has identified approximately $700 million in additional capital expenditures original ...

SacOil Holdings completes first phase development operations at Lagia oil field

SacOil Holdings Limited (AIM: SAC) through its subsidiary Mena International Petroleum Company Limited is pleased to announce the successful on-time completion of phase 1 of the field development operations at the Lagia oil field in Sinai, onshore Egypt. As p ...

Natural gas prices drop following strong production growth

Source: U.S. Energy Information Administration, Short-Term Energy Outlook, January 2015 Following a short-lived price increase in November, natural gas prices have dropped to their lowest levels since September 2012, reflecting strong domestic production a ...


Lies and deception in Ukraine's energy sector

The Ukrainian government has repeatedly claimed it is doing its best to improve the oil and gas investment climate, but official statements are the opposite of the reality, as Prime Minister Arseniy Yatsenyuk is leading the great deception. According to Prime ...

Karoon Gas Australia completes Kangaroo-2 down-dip side-track drilling

Karoon Gas Australia Ltd's Kangaroo-2 appraisal well, located in exploration Block S-M-1165, confirmed a 250 metre gross (135 metre net) oil column in Paleocene and Maastrichtian aged reservoirs, as announced on 26 November 2014. A multi formation producti ...

Oilex appoints new UK non-executive director

Oilex Ltd (ASX: OEX, AIM: OEX) announces the appointment of Mr. Jeffrey D. Auld (48) as a UK based independent non-executive director. Mr. Auld has over 24 years of experience in the oil and gas sector focused on financial and commercial management in upstream ...

KrisEnergy begins 2D seismic recording in West Papua

KrisEnergy Ltd., an independent upstream oil and gas company, announces that a 300 km 2D seismic acquisition program has commenced recording in the Udan Emas production sharing contract ('PSC') onshore West Papua. The acquisition program, which was aw ...

BP cuts 255 jobs in Azerbaijan, but remains committed to region

British oil major BP (BP.L) said on Tuesday it had cut around 8 percent of its workforce in Azerbaijan, or 255 jobs, as it streamlines costs in response to the "challenging market environment". In December, BP announced a $1 billion (0.66 billion po ...

Canacol Energy tests 21 MMSCFPD at Clarinete 1 gas discovery in Colombia

Canacol Energy Ltd. (TSX:CNE)(OTCQX:CNNEF)(BVC:CNEC) is pleased to announce that Clarinete 1, the first well drilled in its recently acquired VIM 5 Exploration and Production ("E&P") Contract, has tested at a final gross rate of 20.6 million standard ...

Nostrum Oil & Gas release positive operational update

Nostrum Oil & Gas PLC (LSE: NOG), an independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin, today announces its operational update for the Fourth Quarter and Full Year ended 31 December ...

Gulfsands Petroleum provide Corporate Update

Gulfsands Petroleum plc (AIM: GPX), the oil and gas production, exploration and development company with activities in Syria, Morocco, Tunisia and Colombia, provides the following update on the Group's financial position, drilling activities in Morocco and ...

Edge Resources Inc. completion new facility and provides operational update

Edge Resources Inc. is pleased to announce that it has completed its 100% owned and operated water and natural gas handling facility and 6,000 meters of natural gas and water pipelines in Eye Hill East (the "Facility"). Additionally, the Company wish ...

Gazprom to construct new gas pipeline to Turkey

Ankara hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Taner Yildiz, Turkish Minister of Energy and Natural Resources. The parties discussed the main issues of constructing a new gas pipeline across the Bl ...
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