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Shell: More oil, less money

Shell is planning for a longer period of low oil prices. But in the longer term, argues Ben van Beurden, there will be no change to fundamental drivers such as rising demand and the need for new supplies. Moreover, the industry should not be blinded by low oil ...

Petrolia obtains necessary permit for Haldimand 4

Pétrolia Inc. (TSX VENTURE:PEA) is pleased to announce that it has obtained a completion permit which will allow it to carry out the cleaning of the well at Haldimand 4 and to start the long term production test. In anticipation of this work, the pump i ...

The O&G Industry Downturn: What It Means For Recent Grads & How To Survive It?

It was June 2014 when the oil and gas industry started to experience a downward market. Oil prices fell sharply to around $70 per barrel by November 2014, and this marked an end to a four-year period of price stability above $100 per barrel. Besides the geopol ...

Oceaneering Executive Vice President to step down at the end of 2015

Oceaneering International, Inc. (NYSE: OII) announced that Marvin J. Migura has decided to relinquish his position as Executive Vice President (EVP) effective December 31, 2015. Mr. Migura will continue to serve as a Senior Vice President (SVP), reporting to C ...

Penn Virginia Corporation sells non-core South Texas assets for $13 million

Penn Virginia Corporation (NYSE:PVA) today announced that it has sold certain non-core South Texas assets to an undisclosed buyer for gross cash proceeds of $13 million. The divested properties are located in far southwest Gonzales County, Texas, a significan ...

Platts Pre-Report Survey of Analysts' EIA/API Data Suggests 1.75 Mil. Barrel Build in U.S. Oil Stocks

U.S. commercial crude oil stocks are expected to have increased 1.75 million barrels in the week ended October 2, a survey of analysts showed Monday. The U.S. Energy Information Administration (EIA) is scheduled to release its weekly data at 10:30 am EDT (143 ...

Oil price, BP, Wood Group, Nostra Terra, Sundry-President- And finally...

Oil price A good day for the oil price as news from Russia and China helped crude continue to consolidate at these levels. The Russian move was on two fronts, firstly as it agreed to meet other major producers 'if asked' and also as it has a scheduled meeting ...

Mosman Oil and Gas satisfies conditions for STEP acquisition

Mosman Oil and Gas Limited (AIM: MSMN) the New Zealand and Australia focussed oil exploration and development company, is pleased to provide an update on the proposed South Taranaki Energy Project acquisition, having concluded the following important contractu ...

Tlou Energy provides update on the expanded lateral well program at Selemo

The original Selemo lateral production pod recently had two new lateral pods drilled either side of it to assist with dewatering and ultimately enhance gas deliverability. Following the successful drilling program, each new vertical production well was comple ...

Fugro awarded geophysical and geotechnical contract extension with PEMEX

Fugro (Mexico) in conjunction with long-time associates, Diavaz, has been awarded an extension of the ongoing offshore geophysical and geotechnical campaign by the Mexican national oil company, PEMEX. Geotechnical field operations, laboratory testing and Geoc ...

Oil Production in Manitoba and the Major Producing Formations

In terms of western Canadian provinces, oil production in Manitoba is undoubtedly a much smaller case study than production in Alberta, British Columbia or neighbouring Saskatchewan. All of the province's active wells as of August 31, 2015, are located in a sm ...

Beach Energy commences FY16 drilling campaign

Beach Energy Limited (ASX: BPT) announces the commencement of its FY16 operated drilling campaign, with spudding of the Maroochydore-1 exploration well in ATP 924 (Beach farming-in to a 45% interest with Drillsearch Energy Ltd). Maroochydore-1, located approx ...

New World Oil and Gas discussing options to continue participation in Blue Creek Production Sharing Agreement

New World Oil and Gas Plc, an oil and gas operating company, announces an update with regards to its Blue Creek Project in Belize. The Company previously reported the date by which the Blue Creek Production Sharing Agreement will terminate, unless an additiona ...

Independent Resources and Nostra Terra Oil & Gas announce acquisition of producing assets in Egypt

On 21 September 2015 IRG announced the intention to establish a strategic joint venture company owned 50-50 with Nostra Terra Oil & Gas Company plc focused on the acquisition of producing assets in the North Africa region. IRG and Nostra Terra are pleased to ...
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