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Friday, December 19, 2014

Pacific Rubiales announces U.S.$320 million sale of interest in Pacific Midstream to IFC

Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) (BOVESPA: PREB) announce that it has executed definitive agreements with the International Financial Corporation ("IFC"), a member of the World Bank Group, the IFC Global Infrastructure Fund ("GIF" ...
North America | Friday, December 19, 2014

Oil price, Alkane Energy, Caza, Velocys,Sundry-IOG-Iona- And finally...

Oil price Whilst there may be blogs next week, subject to oil price shenanigans and company announcements I wouldnt hold your breath! The oil markets are very lacklustre and clearly positions are being closed off ahead of the Christmas holiday period. Both WTI and Bre ...
West Europe | Friday, December 19, 2014

Platts JKM for January-delivered LNG slumped 46.9% in largest year over year drop

Prices of spot liquefied natural gas (LNG) for January delivery to Asia plunged 46.9% year over year to average $10.062 per million British thermal units (/MMBtu), according to latest Platts Japan/Korea Marker (Platts JKM™) data for month-ahead delivery. The figur ...
Asia Far East | Friday, December 19, 2014

FMC Technologies awarded $393 million subsea systems contract

FMC Technologies, Inc. (NYSE: FTI) announce that it has received an order from Eni Angola to supply subsea production systems for its deepwater Block 15/06 East Hub development. The order has an estimated value of $393 million in revenue. "We are pleased to have b ...
Africa | Friday, December 19, 2014

Why $75 is the right price for oil

Putin's Prayer A large number of oil pricing experts - taking this to mean the interaction of oil, finance and the global economy - would likely agree that $75 a barrel is a reasonable and sustainable price. One expert who might agree is Citigroup's Edward L. M ...
North America | Friday, December 19, 2014

Falling oil prices, new regulations spell trouble for Bakken

Amid falling oil prices, another factor has come into play that could start to curtail North Dakota's crude production. On December 9th, the state's three-person Industrial Commission approved an order requiring Bakken crude to be conditioned before it is transp ...
North America | Friday, December 19, 2014

Cheniere and GE sign $1B service agreement for Sabine Pass LNG export terminal

GE (NYSE:GE) and Sabine Pass Liquefaction, a subsidiary of Cheniere Energy Partners, L.P. ('Cheniere Partners') (NYSE MKT: CQP), announced today that they have entered into a $1 billion, 20+-year service contract under which GE will provide spare parts and plann ...
North America | Friday, December 19, 2014

Senex moves to protect oil revenues

Senex Energy Limited (Senex, ASX: SXY) has moved to protect the company's oil revenues by securing a floor price for oil sales from January to June 2015. The protection has been put in place through a combination of put options and zero cost collars. These faciliti ...
Australasia | Friday, December 19, 2014

Turbulent times call for insulated investments

Turbulence and volatility are in Steven Salz's forecast for the energy market. The special situations analyst at M Partners tells The Energy Report that falling oil prices are hurting oil field services companies in different measures depending on their specialties, ...
North America | Friday, December 19, 2014

Fastnet Oil & Gas announces Interim Results for the six months ended 30 September 2014

Fastnet (AIM: FAST, ESM: FOI), the UK and Irish listed E&P company focussed on near-term exploration and appraisal acreage in Morocco and the Celtic Sea, announces its interim results for the six month period ended 30 September 2014. Operational Highlights Foum Assaka ...
West Europe | Friday, December 19, 2014

Tower Resources reaches agreement Repsol

Tower Resources plc (TRP.L, TRP LN) announce that it has reached agreement with the Operator, Repsol Exploration (Namibia) (Pty) Limited ("Repsol"), relating to the disputed costs associated with the drilling of the Welwitschia prospect, offshore Namibia. As ...
Africa | Friday, December 19, 2014

Mercom Oil Sands announces interim results for the six month period ended 30 September 2014

Mercom Oil Sands plc announces its interim results for the six month period ended 30 September 2014. Chairman's Statement I am pleased to present my Chairman's statement for Mercom Oil Sands plc ("the Company") for the six month period ended 30 Septe ...
West Europe | Friday, December 19, 2014

Mexican energy sector is being reopened to the private sector

Northcote (AIM: NCT) notes the announcement by MX Oil (AIM: MXO) with whom it has entered into an Agreement conferring Northcote the right to participate, at a level of up to 20%, in potential business activities, alongside MX Oil, in the upstream oil and gas sector in ...
North America | Friday, December 19, 2014

Thursday, December 18, 2014

Rosetta Resources announces 2015 capital budget and guidance

Rosetta Resources Inc. (Nasdaq:ROSE) announced its Board of Directors has approved a 2015 capital budget with the flexibility to spend up to $900 million. Considering the current commodity price environment, the Company anticipates total capital spending to be between $ ...
North America | Thursday, December 18, 2014

Atlantic Petroleum provides asset update and guidance for 2015

Atlantic Petroleum (NASDAQ OMX Copenhagen: ATLA DKK & Oslo Stock Exchange: ATLA NOK) provide the market with an asset update and guidance for 2015. Atlantic Petroleum expects a total production in 2015 of 560,000 boe (1,534 boe per day) from the UK continental shelf fi ...
West Europe | Thursday, December 18, 2014

Xplorer announces suspension of trading in the company's shares

The board of directors of Xplorer plc (LSE: XPL), the LSE Main Market listed investing company, can confirm that it is in discussions regarding a proposed acquisition of oil and gas assets in Africa (the "Proposed Acquisition"). The Proposed Acquisition would ...
West Europe | Thursday, December 18, 2014
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