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Lekoil announces acquisition of Afren's Participating Interest in OPL 310

Lekoil (AIM: LEK), the oil and gas exploration and production company with a focus on Nigeria and West Africa, has agreed to acquire Afren plc's ('Afren') entire 22.86% participating interest in OPL 310, which contains the Ogo discovery, for a total cash consideration o ...
Africa | Tuesday, December 1, 2015

Statoil to divest interest in Trans Adriatic Pipeline for EUR 208 million

Following the divestment of its share in the Shah Deniz gas field in Azerbaijan, Statoil has agreed to sell its 20% interest in Trans Adriatic Pipeline AG to the Italian gas infrastructure company Snam SpA for a total consideration of EUR 208 million. This amount is fo ...
East Europe | Tuesday, December 1, 2015

Monday, November 30, 2015

Atlantic Petroleum announces third quarter 2015 results

P/F Atlantic Petroleum (NASDAQ OMX: ATLA DKK & Oslo Stock Exchange: ATLA NOK) today announces its results for the third quarter of 2015 HIGHLIGHTS & OUTLOOK Production for 3Q was 125,000 boe (1H 2015: 240,200 boe) corresponding to an average of 1,359 boepd net (1H 2015 ...
West Europe | Monday, November 30, 2015

Few surprises expected from OPEC despite cracks over policy - Fuel for Thought

Never say never. With this in mind, it would probably be foolish to rule out some kind of deal between OPEC and non-OPEC producers to manage supply. But, right now, there's nothing to suggest that any such pact is even a remote possibility, and few OPEC watchers expec ...
Middle East | Monday, November 30, 2015

NXT Energy Solutions files third quarter 2015 results

NXT Energy Solutions Inc. (TSX VENTURE:SFD)(OTCQB:NSFDF) advises that its interim financial statements and related management's discussion and analysis for the three-month period ended September 30, 2015 have been filed. All financial information noted is in Canadian$ ( ...
South America | Monday, November 30, 2015

North America to feature heavily in a 2016 FPS resurgence

With a mere four orders so far this year the Floating Production System (FPS) sector is suffering. However, things are anticipated to be better next year, with the US Gulf of Mexico (GoM) in particular, having a surprisingly bright future. The area is expected to have a ...
North America | Monday, November 30, 2015

Rosneft and BP complete transaction to sell 20% share of Taas-Yuryakh Neftegazodobycha to BP

Rosneft and BP announce the completion of the transaction to sell a 20 per cent share of Taas-Yuryakh Neftegazodobycha LLC to the British company. The joint venture between Rosneft and BP based on Taas-Yuryakh Neftegazodobycha LLC will continue further development of t ...
Russia FSU | Monday, November 30, 2015

Expro enters Qatar with five-year contract win

International oilfield services company, Expro has achieved a significant milestone as it enters Qatar for the first time and expands its Middle Eastern presence with a five-year contract win. The contract will see Expro provide its range of well intervention and slick ...
Middle East | Monday, November 30, 2015

Fugro performs offshore survey programme in Equatorial Guinea

Fugro has been awarded a contract by Ophir Equatorial Guinea (Block R) Limited for the provision of survey services for the development of large scale assets and infrastructure offshore Equatorial Guinea. Under the contract Fugro will deploy three of its specialist ves ...
Africa | Monday, November 30, 2015

Norwegian Petroleum Directorate grants 16/4-10 drilling permit to Lundin Norway

The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway AS a drilling permit for well 16/4-10, cf. Section 8 of the Resource Management Regulations. Well 16/4-10 will be drilled from the Island Innovator drilling facility in position 58°35'03.08'' north ...
West Europe | Monday, November 30, 2015

Sterling Energy completes acquisition of interest in Block C-10, Mauritania

Sterling Energy plc (Ticker Symbol: SEY), the AIM listed upstream oil and gas company with interests in Africa, is pleased to announce that completion has now occurred under the sale and purchase agreement between its wholly owned subsidiary, Sterling Energy Mauritania ...
Africa | Monday, November 30, 2015

Friday, November 27, 2015

Confidence crisis for North Sea oil and gas industry

The confidence of North Sea oil and gas contractors is at an all-time low, according to a new industry report1 released Thursday. Four in five contractors (79 per cent) surveyed say they are less confident in their prospects than a year ago, compared to just one per ce ...
West Europe | Friday, November 27, 2015

Hemisphere Energy announces third quarter 2015 results

Hemisphere Energy Corporation (TSX-V: HME) is pleased to announce its financial and operating results for the three and nine months ended September 30, 2015. Q3 2015 Highlights Averaged 678 boe/d (75% oil and NGL) production during the quarter, a 6% decrease from the t ...
North America | Friday, November 27, 2015

Petroamerica announces 2015 third quarter results

Petroamerica Oil Corp. (TSX-V: PTA), a Canadian oil and gas company operating in Colombia, is pleased to announce the financial and operating results for the three and nine months ended September 30, 2015, and to provide an operations update on the Company's activities ...
South America | Friday, November 27, 2015

Hawk Exploration announces third quarter 2015 results

Hawk Exploration Ltd. (TSX VENTURE:HWK.A) is pleased to announce its results for the three and nine months ended September 30, 2015. Highlights Averaged production of 703 boe/d in the third quarter of 2015, an increase of 8% increase from 652 boe/d of production in the ...
North America | Friday, November 27, 2015

Great Prairie Energy Services announces 2015 third quarter 2015 financial results

Great Prairie Energy Services Inc. (TSX VENTURE:GPE) announces its financial results for the three and nine months ended, September 30, 2015. Financial Highlights for the third quarter ended September 30, 2015: Revenue of $5.05 million Adjusted EBITDAS of $0.76 million ...
North America | Friday, November 27, 2015
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