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Friday, March 27, 2015

Halliburton and Baker Hughes announce approval of transaction by stockholders of both companies

Halliburton Company (NYSE:HAL) today announced that its stockholders approved Halliburton's proposal to issue shares of Halliburton common stock as contemplated by its merger agreement with Baker Hughes Incorporated (NYSE: BHI). In addition, Baker Hughes today ...

Nigerian elections 2015: Oil, militancy and subsidies

On March 28, Africa's biggest economy and also the continent's largest oil producer, Nigeria, will go to the polls to elect its new president. In an ideal world, these elections should have taken place six weeks ago. But alas, Nigeria has experienced a tumult ...

Cue Energy receives approval for farm-in to Mahato PSC Onshore Central Sumatra, Indonesia

Cue Energy Resources Limited (ASX:CUE) is pleased to announce receipt of government approval for the farm-in agreement with Bukit Energy Central Sumatra (Mahato) Pte Ltd to acquire a 12.5% participating interest in the Mahato Production Sharing Contract onshor ...

Aker Solutions announces changes in executive management team

Tore Sjursen will assume the position as executive vice president for operational improvement and risk management at Aker Solutions on April 1. Knut Sandvik will at the same time replace Sjursen as head of the company's maintenance, modifications and operation ...

Red Leaf Resources to accelerate commercial technology optimisation for the Early Production System, announces TomCo Energy

TomCo Energy plc today announces that further to the announcement of 5 February 2015 the Company's technology provider Red Leaf Resources Inc. has released an update as to the timing of construction for its Early Production System capsule. Red Leaf's announce ...

Oil price, Egdon/Europa/Union Jack, Parkmead, And finally...

Oil price It's all about the Yemen, as for the first time for a while a good old fashioned geo-political flare-up adds five bucks to the oil price. Indeed, at one stage yesterday Brent nearly negotiated $60 but came off at the end and today its $50 and $58 fo ...

Sigma Cubed Inc. selected by Paltar Petroleum for multi-year development and operations services across 8.9 million acres of Australian oil and gas companies

Sigma Cubed Inc. (SIGMA3) was selected by Paltar Petroleum Limited to deliver multi-year, onsite project management, engineering and operations services covering 8.9 million acres of oil and gas prospects in the Northern Territory and Western Australia. SIGMA3 ...

Clayton Williams Energy announces new President

Clayton Williams Energy, Inc. (NYSE:CWEI) today announced that Mel G. Riggs has succeeded Clayton W. Williams, Jr. as President of the Company, effective immediately. In his capacity as President, Mr. Riggs will be responsible for the general supervision, dire ...

Helix Energy Solutions enters new multi-year contract with Shell

Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today that it has entered into a new multi-year contract with Shell to provide well intervention services in the U.S. Gulf of Mexico utilizing Helix's Q4000. The Q4000 is a deepwater well intervention se ...

Ecopetrol announces new Board of Directors composition

Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC; TSX: ECP) announces the composition of its Board of Directors since March 26th, 2015: Representatives from the Government of Colombia: Minister of Finance and Public Credit (currently Mr. Mauricio Cardenas) Minister o ...

CNOOC Limited: exploration and development laid solid foundation lowering costs and enhancing efficiency program achieved outstanding results

CNOOC Limited (NYSE: CEO, SEHK: 00883, TSX: CNU) today announced its 2014 annual results for the year ended December 31, 2014. In 2014, the Company achieved various breakthroughs in exploration and the reserve replacement ratio for the year was 112%. Benefitt ...

African Petroleum Corporation provides company update

African Petroleum, an independent oil and gas exploration company operating ten licences in five countries offshore West Africa, is pleased to provide the following update on its activities. Funding Update African Petroleum has successfully raised NOK 95,016 ...

Highly experienced oil and gas executive joins Jacka Resources

The Directors of Jacka Resources Limited (ASX:JKA) are pleased to announce the addition of Ken Charsinsky to the Company's Executive Team as an E&P advisor to the Board. Mr Charsinsky brings to the role more than 35 years of experience in all phases of upstre ...

Oil Basins Limited and Backreef Oil settle out of court

Oil Basins Limited (ASX:OBL) advises as a mater of record that the Oil Basins Limited vs Backreef Oil Pty Ltd Magistrates Court PER/GCLM/18204/2014 was formally settled out of court late yesterday. OBL will receive within 5 days the full amount as claimed in t ...
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