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Carrizo Oil & Gas announces first quarter 2016 results

Carrizo Oil & Gas, Inc. (Nasdaq:CRZO) today announced the Company's financial results for the first quarter of 2016 and provided an operational update, which includes the following highlights: Record Oil Production of 25,806 Bbls/d, 21% above the first quarter of 2015 R ...
North America | Wednesday, May 4, 2016

Oil price, Shell, Sundry-Plexus-Tullow-Wood Group-Caza- And finally...

Oil price For choice the news was bearish yesterday, Chinese data was poor and the US economy is only stuttering into life, jobs data there on Friday and the usual guess is around 200/-. Production continues to rise in the Middle East with Iran testing its recent highs ...
West Europe | Wednesday, May 4, 2016

Why China Is Really Dictating the Oil Supply Glut

Ship tracking data from Bloomberg shows that 83 supertankers carrying around 166 million barrels of oil are headed to China, which has stockpiled an impressive 787,000 barrels a day in the first quarter of 2016—the highest stockpiling rate since 2014. While the w ...
Asia Far East | Wednesday, May 4, 2016

Shell announces results for first quarter 2016

Following completion of the acquisition on February 15, 2016, BG Group plc ('BG') has been consolidated within Royal Dutch Shell's results. For practical purposes, this includes February and March 2016, as the impact for the first half of February is deemed immaterial. ...
West Europe | Wednesday, May 4, 2016

Plexus signs ninth well order with Det norske oljeselskap in Norway

Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, is pleased to announce that it has received its ninth purchase order ('PO') since 2012 from Det norske ...
West Europe | Wednesday, May 4, 2016

DNO commences active drilling programme at Tawke field, announces first quarter results

DNO ASA, the Norwegian oil and gas operator, announced the startup of an active drilling program at its flagship Tawke field in the Kurdistan region of Iraq as the company boosts investments on the back of seven consecutive monthly oil payments, the last three of which ...
Middle East | Wednesday, May 4, 2016


Noble Energy sells certain Greeley Crescent acreage in DJ Basin for $505 million

Noble Energy, Inc. (NYSE: NBL) today announced that it has signed a definitive agreement to divest certain oil and natural gas properties in the Greeley Crescent area of Weld County, Colorado. The transaction includes the sale of approximately 33,100 primarily undevelop ...
North America | Wednesday, May 4, 2016

Tuesday, May 3, 2016

Anadarko Petroleum announces first quarter 2016 results

Anadarko Petroleum Corporation (NYSE: APC) today announced its financial and operating results for the first quarter of 2016, including a net loss attributable to common stockholders of $1.034 billion, or $2.03 per share (diluted). The net loss includes certain items ty ...
North America | Tuesday, May 3, 2016

Debt: The Key Factor Connecting Energy and the Economy

There are many who believe that the use of energy is critical to the growth of the economy. In fact, I am among these people. The thing that is not as apparent is that growth in energy consumption is dependent on the growth of debt. Both energy and debt have characteris ...
North America | Tuesday, May 3, 2016

Torchlight Energy announces partial sale of additional Hunton assets

Torchlight Energy Resources, Inc. (NASDAQ: TRCH), today announced that it has closed the sale of assets in the Cimarron Trail property for net proceeds of $750,000 with an effective date of April 1, 2016. The sale, along with the receipt of the $500,000 received from Fo ...
North America | Tuesday, May 3, 2016

Nostra Terra Oil & Gas provides update on proposed Permian Basin acquisition

Further to the announcement of 5 April 2016 regarding the proposed acquisition of a 60% interest in producing assets in the Permian Basin of New Mexico from Alamo Resources II, LLC, Nostra Terra (AIM:NTOG) announces that a further extension to the closing to 31 May 2016 ...
North America | Tuesday, May 3, 2016

Oil price, Lamprell, Ithaca, Sound, Falcon, Sundry round-up-Amec-VOG-Velocys-Total-Exxon-Chevron-Ophir-GKP-Hal-BH- And finally...

Oil price The oil price was up strongly last week, WTI rose $2.19 and Brent $3.02 before expiry, today they have both settled down as news is for choice, not brilliant. Having said that the fundamentals are still looking obstinately bearish, last week's EIA stats showe ...
West Europe | Tuesday, May 3, 2016

Kosmos Energy finalizes Suriname farm-out with Hess Corporation

Kosmos Energy (NYSE: KOS) announced today that it has entered into a farm-out agreement with Hess Suriname Exploration Limited, a wholly-owned subsidiary of the Hess Corporation (NYSE: HES), covering the Block 42 contract area offshore Suriname. Under the terms of the a ...
South America | Tuesday, May 3, 2016

Bill Barrett Corporation announces agreement to divest certain Uinta Basin assets

Bill Barrett Corporation (NYSE: BBG) announced today that it has entered into an agreement with an unaffiliated third party to sell certain non-core assets located in the Uinta Basin for cash proceeds of approximately $30 million. The transaction is expected to close on ...
North America | Tuesday, May 3, 2016

3D Oil granted Otway Basin extension

ASX-listed 3D Oil has advised that, as foreshadowed in its recent ASX Quarterly Report, the National Offshore Petroleum Title Administrator has granted a 9 month Suspension and Extension for Year 3 of the T/49P exploration permit in the Otway Basin offshore western Tasm ...
Australasia | Tuesday, May 3, 2016

Proserv seals significant North Sea contract with Apache

Global-leading energy services company Proserv has been awarded a multi-million dollar contract from Apache Corporation for work on the UK Continental Shelf. Proserv will supply a subsea control system and associated topside and subsea interface equipment for use on th ...
West Europe | Tuesday, May 3, 2016
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