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Tuesday, June 28, 2016

PRD Energy announces completion of strategic review process and plan to dissolve the company

PRD Energy Inc. (TSX VENTURE:PRD) today announced that its Board of Directors has concluded its review of the Company's strategic alternatives process and determined that an orderly liquidation and dissolution of the Company is the best alternative for maximizing shareh ...
North America | Tuesday, June 28, 2016

Brexit & Oil: Buying Opp or Start of Bear Market? S&P Global Market Intelligence Analysis

The unexpected 'Leave' victory in the Brexit referendum has roiled financial markets today: equities, currencies, and yes, commodities. West Texas Intermediate (WTI) crude oil futures are down nearly 4% this morning. The macroeconomic impact on crude oil itself is two-f ...
West Europe | Tuesday, June 28, 2016

Urals Energy announces final results for 2015

Urals Energy PCL (AIM: UEN), the independent exploration and production company with operations in Russia, is pleased to announce its audited financial results for the year ended 31 December 2015. Key statistics for the year ended 31st December 2015 compared with same ...
Russia FSU | Tuesday, June 28, 2016

President Energy provides update on Argentina operations and loan restructuring

President Energy (AIM: PPC), the oil and gas exploration and production company provides the following update on Argentina operations and revised loan agreements. Highlights President has now engaged drilling contractors for a 2016 three horizontal well programme due t ...
South America | Tuesday, June 28, 2016

Statoil completes acquisition of interest in the Utgard field

On 22 June 2016, Statoil and JX Nippon completed their previously announced transaction whereby Statoil has acquired JX Nippon's 45% equity share in, and operatorship of, the UK licence for the Utgard field. Through this transaction Statoil now has a 100% interest in U ...
West Europe | Tuesday, June 28, 2016

Total obtains 30% interest in Al-Shaheen field concession for 25 years

Total has signed an agreement with Qatar Petroleum, granting the Group a 30% interest in the concession covering the offshore Al-Shaheen oil field for a period of 25 years beginning July 14, 2017. The Al-Shaheen field produces 300 thousand barrels of oil per day. The c ...
Middle East | Tuesday, June 28, 2016


Wood Group awarded multimillion dollar engineering and procurement services contract for Statoil's Peregrino field

Wood Group has been awarded a multimillion dollar contract to provide detailed engineering and design, and procurement services to South Atlantic Holding (owned by Statoil and partner Sinochem) for the development of the Peregrino field wellhead platform C, offshore Bra ...
South America | Tuesday, June 28, 2016

Monday, June 27, 2016

Pine Cliff Energy announces $25 million disposition of royalty assets

Pine Cliff Energy Ltd. (TSX:PNE) is pleased to announce that it has entered into an agreement to sell its fee title land and other minor overriding royalty interests for cash consideration of $25 million, prior to any closing adjustments. The Disposition will have an ef ...
North America | Monday, June 27, 2016

EU shock wave: Latest from London as market upheaval continues today

Enormous political and economic upheaval continued this morning in the aftermath of the UK's historic decision to leave the European Union. Stock traders and commentators struggled to keep pace with changing events in London, amid political interventions to calm market ...
West Europe | Monday, June 27, 2016

Ecopetrol offers 20 production assets to oil and gas companies

Ecopetrol S.A. announces that it launched 'Ronda Campos 2016,' a public and competitive bidding process, the objective of which is to offer to oil and gas companies Ecopetrol's stake and interests in 20 production assets located in the regions of Catatumbo, the Magdalen ...
South America | Monday, June 27, 2016

Brexit and the energy equation

The fretting in the financial markets after Great Britain's voters narrowly decided to leave the European Union (EU), a move dubbed Brexit, was less about immediate effects--there aren't any since it would take Britain up to two years to withdraw--and more about a foreb ...
West Europe | Monday, June 27, 2016

Oil price, Aminex/Solo, Sundry-Cape-GKP-Europa/Egdon/Union Jack- And finally...

Oil price The early prices for crude oil on Friday after the Brexit news came through never really got worse, maybe investors had more worrying exposure elsewhere...? Although there are worries about growth, particularly in Europe we mustn't get too full of our own imp ...
West Europe | Monday, June 27, 2016

Woodside announces approval of Greater Enfield oil development project

Woodside advises that with Joint Venture participant Mitsui E&P Australia, the Greater Enfield Project has been approved for development. Located 60 km off Exmouth in Western Australia within Commonwealth waters the project will develop the Laverda Canyon, Norton over ...
Australasia | Monday, June 27, 2016

SapuraKencana Energy signs upstream gas sales agreement for B15 gas field

SapuraKencana Energy Sarawak Inc ('SKE'), a wholly-owned subsidiary of SapuraKencana Petroleum Berhad ('SKPB') has signed the SK310 Upstream Gas Sales Agreement in relation to the production of gas from the B15 Gas Field on Thursday, 23 June 2016, between Petroliam Nasi ...
Asia Far East | Monday, June 27, 2016

Brexit is Now a Reality… Or is it?

The decision by 52% of the voters in the EU referendum last week to vote to leave the EU has had far-reaching impact across the globe. The oil and gas sector, bruised from nearly two years of low oil prices, is bracing itself for the fall out. The immediate impact of t ...
West Europe | Monday, June 27, 2016

Aminex extends Mtwara Licence term for one year

Aminex PLC, an independent oil and gas production and development company premium-listed on the London Stock Exchange and primary-listed on the Irish Stock Exchange with operations in Tanzania, is pleased to announce that it has completed discussions with the Tanzanian ...
Africa | Monday, June 27, 2016
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