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Rosneft Brasil and PetroRio receive ANP approval for the Solimoes Project transaction

Rosneft Brasil and PetroRio received approval by the Brazilian National Petroleum, Natural Gas and Biofuels Agency (ANP) for the Rosneft Brasil transaction to acquire additional 55% in the Solimoes project. Under the agreement the final completion date of the purchase a ...
South America | Monday, July 6, 2015

Brazil - In Deep Trouble

Petrobras has long been a pioneer in the adoption and deployment of deepwater technology. This has enabled them to build huge reserves of some 16 billion barrels of oil. Converting these reserves to production, however, is another matter and Petrobras has a history of s ...
South America | Monday, July 6, 2015

Sterling Resources announces Breagh operations and financial update

Sterling Resources Ltd. (TSX-V: SLG) announces an update to Breagh operations and a financial update. Unless otherwise noted all dollar figures contained in this release are denominated in U.S. dollars. Breagh Operations and Capital Expenditure Production at Breagh in ...
North America | Monday, July 6, 2015

Northern Blizzard Resources provides financial and operational updates

Northern Blizzard Resources Inc. (TSX: NBZ) announces the followiing updates: Production for the second quarter of 2015 was approximately 21,600 boe/d as compared to 22,469 boe/d in the first quarter of the year. Production for the first half of 2015 was approximately 2 ...
North America | Monday, July 6, 2015

LGX Oil + Gas Inc. announces operations and corporate updates

LGX Oil + Gas Inc. (TSXV: OIL) is pleased to provide an update of the Banff completion results from the 6-36-8-24 W4M well and various corporate developments. As previously announced, the Banff Formation was completed with a 6 m perforated interval in the build section ...
North America | Monday, July 6, 2015

LINN Energy sells remaining Wolfcamp acreage for $281 million

LINN Energy, LLC (NASDAQ:LINE) and LinnCo, LLC (NASDAQ:LNCO) announced today that LINN has signed a definitive agreement to sell its remaining position in Howard County in the Permian Basin for a contract price of $281 million. The transaction is expected to close in th ...
North America | Monday, July 6, 2015

Oil price, Ophir,Velocys, EOG, Sundry-Plexus-Dragon-Genel-Sound-Alkane- And finally...

Oil price With the US closed on Friday the prices above are the opening ones from London this morning, markets are naturally cautious and have continued the fall from the end of the week. WTI fell 6.91% and Brent was down 4.65% on the week, a number that might have bee ...
West Europe | Monday, July 6, 2015

Kicking Horse Energy announces acquisition of Kakwa acreage

Kicking Horse Energy Inc. (TSX VENTURE: KCK) is pleased to announce that it has acquired nine 100% working interest sections of Montney rights in the Kakwa area of Alberta. The New Acreage is located immediately offsetting the Company's West Kakwa acreage and within 3 m ...
North America | Monday, July 6, 2015

ACL International announces purchase of additional Northern Sumatra oil and gas assets

ACL International Ltd. (TSX VENTURE:ACL) announces that it has acquired a 38.25% working interest in a Production Sharing Contract for a block referred to as 'South Block A' located onshore, North Sumatra, Indonesia, from Peak Oil & Gas (Australia) Pty Ltd. for an aggre ...
Asia Far East | Monday, July 6, 2015

Eureka Hunter announces new record throughput volumes of ~700,000 MMBtu per day

Eureka Hunter Pipeline, LLC, a company in which Magnum Hunter Resources Corporation (NYSE: MHR) (NYSE MKT: MHR.PRC) (NYSE MKT: MHR.PRD) (NYSE MKT: MHR.PRE) owns a substantial equity interest, announced today that throughput volumes on Eureka Hunter's gas gathering pipel ...
North America | Monday, July 6, 2015

Lab rats and the corruption of how we count

There's an old joke about lab rats in which the teller says he or she secretly suspects that all lab rats are prone to cancer and so all research about the risk of cancer in humans based on tests in rats is likely useless. The Committee for Independent Research and Inf ...
North America | Monday, July 6, 2015

Oil Production Vital Statistics July 2015 - equilibrium reached

During May and June the oil price has stabilised and both WTI and Brent spot prices have converged on $60 / bbl; the US oil rig count is still falling, but slowly; oil production from all regions is stable hence global total liquids production is trending sideways on th ...
North America | Monday, July 6, 2015

ICIS licenses BFOE benchmark data to ICE Futures Europe for compilation of the ICE Brent Index

ICIS is pleased to announce that it is licensing its crude oil BFOE benchmark data to the ICE Futures Europe to be used in the compilation of the ICE Brent IndexTM. ICIS is providing ICE Futures Europe with its BFOE assessment and trade data, taking data five times dail ...
West Europe | Monday, July 6, 2015

AGL Energy to divest non-core assets following upstream gas review

AGL Energy Limited has today announced that, following a comprehensive review of its Upstream Gas business, it would focus on core gas projects and divest non-core and under-performing gas assets and activities. AGL has a strong gas supply position through a combinatio ...
Australasia | Monday, July 6, 2015

Canadian Oil & Gas Companies Raise More Funds in H1 2015 than H2 2014

Deal Values Recover After a Lacklustre End to 2014, But Deal Count Falls A total of $10.5 billion was raised by publicly-quoted upstream Canadian oil and gas companies during the first half of 2015, a significant rebound from a low $8.2 billion total in the second half ...
North America | Monday, July 6, 2015

Gulf Marine Services secures first decommissioning contract

Gulf Marine Services (LSE: GMS), the leading provider of advanced self-propelled self-elevating support vessels (SESVs) serving the offshore oil, gas and renewable energy sectors, is pleased to announce that one of its Large Class vessels in Europe has been contracted f ...
West Europe | Monday, July 6, 2015
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