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Friday, July 29, 2016

Key Petroleum exercises option to acquire interest in WA-481-P

Key Petroleum has exercised an option under a Cooperation Agreement with Pilot Energy to acquire a 40% interest in Exploration Permit WA-481-P, located in the offshore North Perth Basin, Western Australia. Key's subsidiary Key Petroleum Offshore will be assig ...

Cabot Oil & Gas reports second quarter 2016 results

Cabot Oil & Gas Corporation (NYSE: COG) today reported financial and operating results for the second quarter of 2016. 'Cabot's 2016 operating plan was designed to provide modest production growth while generating positive free cash flow despite a lower commo ...

Encana Corporation completes sale of Gordondale and DJ Basin assets

Encana Corporation (TSX: ECA) (NYSE: ECA) announced today that it has completed the previously announced sales of its Gordondale and DJ Basin assets. Encana has completed the sale of its Gordondale assets in northwestern Alberta to Birchcliff Energy Ltd. (TSX ...

Corridor Resources comments on recent events regarding oil and gas exploration on Anticosti Island

Corridor Resources Inc. (TSX:CDH) wishes to provide a brief comment on recent developments regarding oil and gas exploration on Anticosti Island. By way of background, on April 1, 2014, Corridor announced the establishment of the Anticosti joint venture with ...


Chevron reports second quarter loss of $1.5 billion

Chevron Corporation (NYSE:CVX) today reported a loss of $1.5 billion ($0.78 per share - diluted) for second quarter 2016, compared with earnings of $571 million ($0.30 per share - diluted) in the second quarter of 2015. Included in the quarter were impairments ...

ExxonMobil earns $1.7 billion in second quarter of 2016

Second Quarter First Half 2016 2015 % 2016 2015 % Earnings Summary(Dollars in millions, except per share data) Earnings 1,700 4,190 -59 3,510 9,130 -62 Earnings Per Common Share Assuming Dilution 0.41 1.00 -59 0.84 2.17 -61 Capital and Explorati ...

Turkey crisis: how will oil and gas supplies be affected?

The Turkish military's attempted coup to topple president Recep Tayyip Erdogan didn't last long. The government restored control the following day and soon declared a three-month state of emergency, with more than 60,000 people since arrested or placed under i ...

Updated Panama Canal opens premium Asian markets to US LNG

It has been quite a year for the US LNG industry. In February, Cheniere's Sabine Pass LNG terminal exported the continental US' first commercial cargo of LNG. Since February, Cheniere's Train 1 at Sabine Pass, the only fully commissioned operating US LNG expor ...

Oilex reports on quarterly activities

CAMBAY FIELD, ONSHORE GUJARAT, INDIA Oilex reaffirms its commitment to unlocking the multi TCF in-place tight gas potential in its onshore Cambay Block. Planning underway to complete a vertical well with the dual objective of developing un-depleted OS-II sand ...

JKX Oil & Gas announces results for the first half of 2016

Operational Highlights Average production increased by 21% at 10,393 boepd (2015: 8,611 boepd) Nearing finalisation of the updated Field Development Plans across the group Monetization process of our Russian and Hungarian assets ongoing Bond liabilities reduce ...

Independent Oil and Gas appoints new Chairman and Senior Independent Non-Executive Director

Independent Oil and Gas plc, the development and production focused Oil and Gas Company, is pleased to announce the appointment of David Peattie as Chairman and Andrew Hay as Senior Independent Non-Executive Director, with immediate effect. Andrew succeeds Pau ...

Jupiter Energy provides quarterly update

KEY POINTS: 5 existing Convertible Notes with a nominal value of $US15.5m plus accrued interest as at 31 May 2016 of $US5,345,753 (total $US20,845,753) rolled into 4 new Promissory Notes with a repayment date of 1 July 2018. 1 existing Promissory Note with a f ...

Seadrill announces three year contract extensions for jack-ups AOD I and AOD II

Seadrill Limited has received three year contract extensions from Saudi Aramco for the jack-ups AOD I and AOD II expiring in June 2019 and July 2019, respectively. The extensions are in direct continuation of the current contracts and will add approximately $2 ...

Serica Energy recommences production from Erskine field

Serica Energy plc (AIM: SQZ) provides the following operations Serica is pleased to announce that oil and gas production from the Erskine field has recommenced following the clearance of a pipeline blockage and the completion of scheduled maintenance works on ...
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