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Friday, October 24, 2014

Cabot Oil & Gas announces third quarter 2014 financial and operating results
Cabot Oil & Gas Corporation (NYSE: COG) report continued strong financial and operating results for the third quarter of 2014 including establishing new record highs for several key metrics. Third Quarter 2014 Financial Results "The results posted in the most rec ...
North America | Friday, October 24, 2014
Penn Virginia announces borrowing base increase to $500 million and financial liquidity in excess of $620 million
Penn Virginia Corporation (NYSE:PVA) announce that its bank group has approved an increase in the borrowing base under PVA's senior secured credit facility from approximately $438 million to $500 million. PVA's financial liquidity, inclusive of the expanded borr ...
North America | Friday, October 24, 2014
Shoreline Energy announces Settlement Agreement with a creditor
Shoreline Energy Corp. (TSX:SEQ) announce that it has entered into a settlement agreement (the "Settlement Agreement") with a senior creditor (the "Creditor"). The Settlement Agreement provides that Shoreline pay the Creditor $2.5 million immediately ...
North America | Friday, October 24, 2014
Basic Energy Services reports third quarter 2014 results
Basic Energy Services, Inc. (NYSE: BAS) announce its financial and operating results for the third quarter and nine months ended September 30, 2014. THIRD QUARTER HIGHLIGHTS Third quarter 2014 revenue increased ten percent to $394.0 million from $359.7 million in t ...
North America | Friday, October 24, 2014
Eight pieces of our oil price predicament
A person might think that oil prices would be fairly stable. Prices would set themselves at a level that would be high enough for the majority of producers, so that in total producers would provide enough–but not too much–oil for the world economy. The price ...
North America | Friday, October 24, 2014
Ezra's Subsea Services division boosts winning momentum with awards for multiple contract wins
Ezra Holdings Limited ('Ezra' or 'the Group'), a leading contractor and provider of integrated offshore solutions to the oil and gas industry, today announced that the Group's Subsea Services division, EMAS AMC, has won multiple new awards from vario ...
North America | Friday, October 24, 2014
The Oil Big Five: Your comments about oil prices worldwide
This is a busy time of year, and between conferences and of big news events, we’ve been running in several directions at once here at The Barrel. That’s part of the reason why we’re just now getting to your comments about the October version of The Oil ...
North America | Friday, October 24, 2014
Oil price, BP/Chevron, Ophir and finally...
Oil price Last week I named it 'short covering Friday as for the last few weeks this day has seen bears closing short positions ahead of the weekend, but today is slightly different. Last Friday we had just bounced off the low of the 50% retracement of the 5 year h ...
North America | Friday, October 24, 2014
Penn West Petroleum announces $355 million non-core asset disposition
Penn West Petroleum (TSX: PWT) (NYSE: PWE) announce that it has signed an agreement to sell non-core assets located in south central Alberta for expected proceeds of approximately $355 million to a private company. The assets are currently producing approximately 7,500 ...
North America | Friday, October 24, 2014
Austex signs gas gathering contracts
AusTex report that it has entered into two additional gas contracts for the purchase of its gas from parts of its Area II (south east) and Area III (north west) acreage. The new contracts were entered into after negotiation between several gas gatherers, a feature made ...
Australasia | Friday, October 24, 2014
CB&I reports 2014 third quarter results
CB&I (NYSE: CBI) reporte adjusted net income for the third quarter of $164.7 million, or $1.51 per diluted share, excluding integration related costs of $2.8 million, or $0.03 per diluted share, up 35 percent from the third quarter 2013. In the quarter GAAP net income w ...
North America | Friday, October 24, 2014
Southwestern Energy announces third quarter 2014 financial and operating results
Southwestern Energy Company (NYSE: SWN) announce its financial and operating results for the quarter and nine months ended September 30, 2014. "The strength of the portfolio continues to demonstrate our ability to generate record production and attractive returns, ...
North America | Friday, October 24, 2014
Sterling Energy issues Interim Management Statement for the period beginning 1 July 2014
Cameroon The Ntem Concession is a large under-explored block, in water depths ranging from 400m to 2,000m, in the prospective southern Douala - Rio Muni Basin, offshore Cameroon. The Ntem Concession was under force majeure from June 2005 to January 2014 as a result o ...
Africa | Friday, October 24, 2014
Nighthawk's continued focus on driving production growth
Nighthawk, the US focused oil development and production company (AIM: HAWK and OTCQX: NHEGY), announces an update on production and drilling at its 100% controlled and operated Smoky Hill and Jolly Ranch projects in the Denver-Julesburg Basin, Colorado. Highlights A ...
West Europe | Friday, October 24, 2014

Thursday, October 23, 2014

Low oil prices hurting U.S. shale operations
Slumping oil prices are putting pressure on U.S. drillers. The number of active rigs drilling for oil and gas fell by their most in two months, according to the latest data from oil services firm Baker Hughes. There were 19 oil rigs that were removed from operation as ...
North America | Thursday, October 23, 2014
Soaring oil production, weak demand eclipse geopolitics
Despite nearly unprecedented geopolitical concerns, both US and global crude prices have decreased during the third quarter of 2014 due to a surge in domestic production and weak oil demand growth. While the latest Department of Energy forecasts project continued incre ...
North America | Thursday, October 23, 2014