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Cathedral Energy Services announces board appointment

Cathedral Energy Services Ltd. (TSX: CET) is pleased to announce that Cathedral's Board of Directors have appointed Dale E. Tremblay as non-executive director of the Company, subject to regulatory approval. Mr. Tremblay has extensive oilfield service business ...

Petrogrand and Shelton Petroleum announce strategic business combination

Petrogrand and Shelton Petroleum have entered into an agreement to form a combined and enlarged oil group with Russian oil assets exclusively Shelton Petroleum will according to the agreement issue 17,500,000 B shares for a contribution by Petrogrand of (i) i ...

Black Stallion Oil & Gas acquires remaining 50% working interest in Woodrow Prospect, Montana

Black Stallion Oil & Gas, Inc. (OTCQB:BLKG) has acquired the remaining 50% Working Interest (WI) in the 12,233-acre Woodrow Prospect in Teton county, northwest Montana, within the Alberta Basin Bakken fairway. The Company is pleased to confirm it now holds a 1 ...

Oil stocks at record levels as demand growth slows, supply rises

OECD oil inventories have never been higher. They were 2.9mb at the end of July, and are expected to have risen further since then, according to energy watchdog the International Energy Agency: In terms of days of forward cover, they are now at 63 days in the ...

Freeport-McMoRan appoints two new directors

Freeport-McMoRan Inc. (NYSE: FCX) announced today that it has entered into an agreement with Carl C. Icahn and his affiliates. In connection with this agreement, Andrew Langham and Courtney Mather have been appointed to FCX's Board of Directors. With these add ...

Bankers Petroleum provides third quarter 2015 operations update

Bankers Petroleum Ltd. (TSX: BNK, AIM: BNK) is pleased to announce the Company's third quarter operational update. Production Average production from the Patos-Marinza and Kuçova oilfields in Albania for the third quarter of 2015 was 19,598 barrels of ...

Vulcan Systems appoints new Vice President of Business Development

Vulcan® Systems, a division of Worldwide Recycling Equipment Sales, LLC, and leading innovator and supplier of drying, calcining, and thermal desorption equipment, is proud to announce Preston Whitney has joined our company as the new Vice President of Bus ...

US continues to distance itself as the world leader of natural gas

Over the last decade, the United States has firmly established itself as the world's largest natural gas producer. This significance of this is difficult to overstate, as less than a decade ago growing natural gas demand and declining production was putting th ...

Oil Fundamentals Improve But Inventories Will Keep Prices Low

Global oil supply and demand fundamentals moved in the right direction in September but surplus inventory will keep oil prices low for some time to come. EIA's September 2015 STEO (Short Term Energy Outlook) reported lower world liquids production and higher ...

Baker Hughes announces September 2015 rig counts

Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for September 2015 was 1,140, up 3 from the 1,137 counted in August 2015, and down 183 from the 1,323 counted in September 2014. The international offshore rig count for Sept ...

Bell Geospace awarded contract for data acquisition in Canada

Bell Geospace, leaders in full tensor gravity gradiometry data acquisition, are pleased to announce that they have been awarded a contract to acquire approximately 2,396 linear km of airborne survey data over the Kirkland Lake area, Ontario, Canada. The proje ...

TransGlobe Energy - East Ghazalat asset receives a good price

Independent Resources and Nostra Terra, which are both party to a 50:50 JV with the express purpose to acquire E&P assets in North Africa, have agreed to acquire TransGlobe's East Ghazalat concession in Egypt. TGA holds a 50% working interest in East Ghazalat, ...

Urals Energy announces expansion of Articneft License Area

Urals Energy PCL (AIM: UEN), the independent exploration and production company with operations in Russia, is pleased to announce that, following the payment of a royalty of RR27.5 million to the Russian regulatory authorities, the Company has been granted an ...

Tethys Petroleum receives non-binding letter of intent from AGR Energy

Tethys Petroleum Limited (TSX:TPL)(LSE:TPL) announces that it has received a non-binding letter of intent from AGR Energy Holdings Limited in connection with a potential US$20 million equity fundraising at a price of C$0.165 per share and potential US$5 millio ...
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