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U.S. Global's Brian Hicks Shares His Summer Plans for Creating the Ultimate Resource Fund

You may want to rethink those tickets to Hawaii, and instead spend the summer basking in the opportunities developing in three different sectors of the oil market. In this interview with The Energy Report, U.S. Global Resources Fund Manager Brian Hicks shares ...

CNOOC announces mid-sized discovery Liuhua 20-2 in the Eastern South China Sea

CNOOC Limited (NYSE: CEO, SEHK: 00883, TSX: CNU) announced that the Company made a mid-sized discovery Liuhua 20-2 in the Eastern South China Sea. The Liuhua 20-2 structure is located in Northern Slope Belt of Baiyun Sag in the Pearl River Mouth Basin of the ...

Beach Energy to retain 100% interest as Woodside pulls out of Lake Tanganyika South exploration program

Beach Energy Limited (ASX: BPT) has been advised by Woodside Energy (Tanzania) Limited that it has decided not to enter into the next period of the exploration program relating to the Lake Tanganyika South Production Sharing Agreement in Tanzania. Beach has p ...

Titan Energy announces second drilling success at Allen Dome

Australian oil and gas company Titan Energy Ltd (ASX: TTE, OTC: TTENY) announces drilling success in the second test of the 2015 multi-well developmental drilling program on Allen Dome. JT Reese #15 Logging and Core Results (Titan 50% WI) The JT Reese #15 ha ...

Triple Energy agrees new drilling locations

The Directors of Triple Energy Limited are pleased to provide the following update on activities and the progress of the Company's strategic investment process: Drilling Locations The Aolong Joint Venture (80% profit interest to TNP) and CBM-specialist drill ...

Brightoil Petroleum announces new well drilling projects in Dina 1 and Tuzi Gas Fields

As per the 2015 resolution of the Joint Management Committee for the two upstream projects, Dina 1 Gas Field and Tuzi Luoke Gas Field, which are jointly developed by the Company and China National Petroleum Corporation, satisfactory results have been achieved ...

Norwegian Petroleum Directorate: More oil than ten years ago

The current recoverable volume of oil in fields and discoveries exceeds the estimated figure in 2005, and it is also presumed that more oil remains to be discovered. This is the result of the Norwegian Petroleum Directorate's (NPD's) review of the resource ba ...

Oil price, Victoria Oil & Gas, And finally...

Oil price The oil price reacted downwards yesterday again primarily on technicals, the better economic stats from the US causing further dollar strength which seeped into the oil price. On the upside it is only three days until the deadline for an Iranian nuc ...

Total produces two billion barrels on deep offshore Block 17, Angola

Total has achieved the significant milestone of producing a cumulative two billion barrels from its operated deep offshore Block 17 located 150 km off the coast of Angola. With the recent start up of CLOV, Block 17 has become Total's most prolific site with pr ...

Wood Group appointed as DECC technical advisor for carbon capture and storage

Wood Group Kenny (WGK) will provide technical advisory services for carbon capture and storage (CCS) policies, as well as potential projects across the UK, as part of a framework agreement with the Department of Energy & Climate Change (DECC). The four year a ...

TGS names new CFO

TGS announces the appointment of Sven Børre Larsen as the Company's new Chief Financial Officer. The effective date of Mr. Larsen's employment is yet to be determined, but will be no later than December 1, 2015. Mr. Larsen will be based in TGS' Asker of ...

Victoria Oil & Gas announces gas plant purchase from Expro, Cameroon

Victoria Oil & Gas Plc today announces that its 100% owned subsidiary, Gaz du Cameroun S.A., has made payment in full for the purchase of the Logbaba gas processing plant from Expro Worldwide BV. The Plant currently processes gas extracted from the GDC wells, ...

Atlantic Petroleum withdraws from PL602 and farms down PL802, Norwegian Sea

P/F Atlantic Petroleum (NASDAQ OMX Copenhagen: ATLA DKK & Oslo Stock Exchange: ATLA NOK) today announces that Statoil will exercise their option to take 10% of the PL802 licence in the Norwegian Sea. This will leave Atlantic Petroleum with 10% equity in Licens ...

Tuesday, May 26, 2015

USA Department of Energy authorizes Pieridae Energy to export American natural gas

Pieridae Energy (Canada) Ltd. announces that the Department of Energy of the USA has granted Pieridae Energy (USA) Ltd. long-term multi-contract authorization to export natural gas to Canada for end use in Canada and to export LNG produced from such natural ga ...
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