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Friday, April 17, 2015

New maps highlight geologic characteristics of U.S. tight oil, shale plays

EIA is currently in the process of updating maps of major tight oil and shale gas plays, including the Eagle Fordand Marcellus plays, which will help to better characterize the geology of key areas of production in the United States. EIA's most recent maps fo ...

Statoil committed to end routine flaring by 2030

Statoil and several other oil companies and nations joined together today to commit, for the first time, to end the practice of routine gas flaring at oil production sites by 2030. CEO Eldar Sætre represented Statoil at the signing at the World Bank in ...

Oil price, Schlumberger, Northern Petroleum, Plexus, Sound Oil, And finally...

Oil price With the expiry of the May Brent contract on Wednesday the last 48 hours has seen quite a swing in prices, indeed at one stage yesterday it nearly reached $65 having been below $58 on Tuesday. Bulls were on the Twitter machine yesterday asking if I ...

TAG Oil updates New Zealand production and operations

TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF): Mr. Alex Guidi, founder and Interim CEO of Canadian-based New Zealand operator TAG Oil Ltd., respectfully is providing the following update on the Company's Taranaki Basin oil and gas production, operations, and coming ...


BNK starts completion operations on Tishomingo Field

BNK Petroleum Inc. (TSX: BKX) is providing an update on its Tishomingo Field, Caney shale oil operations in Oklahoma. The Company has begun field operations to fracture stimulate 22 stages in the previously drilled Nickel Hill 36-3H (99.4% interest) to take a ...

Alvopetro announces 197(2) well test results

Alvopetro Energy Ltd. (TSX VENTURE:ALV) is pleased to announce the pressure transient analysis conducted on the first interval of our 197(2) well and the results of the test of the second interval. In December 2014, our 197(2) well located on Block 197 in the ...

Rooster Energy announces appointment of new CFO

ROOSTER ENERGY LTD. (TSX VENTURE:COQ) today announces the appointment of Mr. Stephen M. Holder as its new Chief Financial Officer. Mr. Holder commenced his employment on April 16, 2015. Mr. Holder has more than 34 years of experience in the accounting and oil ...

How falling commodity prices have flattered Chinese GDP in 2015

What's in a number? Quite a lot when it comes to Chinese GDP. Especially when it's 7%, which was the real growth rate of the Chinese economy in the first quarter of 2015, compared to the first quarter of last year, according to the Chinese National Bureau of ...

Kelt Exploration completes acquisition of Artek Exploration

Kelt Exploration Ltd. (TSX: KEL) (TSX: RTK) and Artek Exploration Ltd. are pleased to announce the successful acquisition by Kelt of all of the issued and outstanding common shares of Artek pursuant to the previously announced plan of arrangement between Kelt, ...

Magellan Petroleum comments on Horse-Hill 1 and provides Markwells Wood update

Magellan Petroleum Corporation (NASDAQ: MPET) today commented on certain recent announcements made by its partners in the Horse Hill-1 well in southern England. On April 9, 2015, UK Oil & Gas Investments PLC, an approximately 31% indirect owner of HH-1, annou ...

CAMAC Energy provides update on FPSO class certification

CAMAC Energy Inc. (NYSE MKT: CAK) has been informed by the owner of the Floating Production, Storage, and Offloading vessel Armada Perdana, Bumi Armada Berhad, that the renewal of the FPSO's class certification is now expected to be completed by April 24, 2015 ...

Norwest Energy to commence acquisition of 3D seismic data on the Arrowsmith Project

Norwest Energy NL (ASX:NWE) is pleased to report the on-ground preparatory work for the Arrowsmith seismic survey is complete, allowing for the acquisition of the 3D seismic data to commence. Mobilisation of the seismic acquisition crew and equipment is curre ...

Schlumberger to cut a further 11,000 jobs following first-quarter results

Houston, April 16, 2015-Schlumberger Limited (NYSE:SLB) today reported results for the first-quarter 2015. First-quarter revenue of $10.2 billion decreased 19% sequentially First-quarter EPS of $1.06, excluding charges and credits, declined 29% sequentially Fi ...

Abilene Oil and Gas commences drilling at two further wells on the CKU Project

Abilene Oil and Gas Limited provides the following update in relation to commencement of further drilling activities at the Central Kansas Uplift Project as received from the joint venture operator CMX Inc. CKU Project: Steiner #1-25 well starts drilling CMX ...
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