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Oil price, Egdon/Europa, Hurricane, And finally...

Oil price As the weekend approaches and we see some consolidation in oil prices the markets are as uncertain as ever and looking further out there is no strong feeling of security. I suspect that market participants, as we can call them, will be happy enough with $46.5 ...
West Europe | Friday, September 4, 2015

InfraStrata provides update on the post Islandmagee-1 well programme of works

InfraStrata plc (AIM:INFA), the independent petroleum exploration and gas storage company, is pleased to provide an update on the programme of works on the Islandmagee gas storage project in Northern Ireland following completion of the drilling of the Islandmagee-1 well ...
West Europe | Friday, September 4, 2015

Roxi Petorleum provides BNG operations update

Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to further update the market with news of progress at its flagship BNG asset. Shallow Wells Well 143 Roxi is pleased to announce a new discovery at the MJ-F structure located towards t ...
Russia FSU | Friday, September 4, 2015

Northcote Energy provides update on participation in Mexican Onshore Field Bid Round

Northcote (AIM: NCT) is pleased to announce that, further to its previously announced intention to secure and develop onshore conventional fields in Mexico, the Company has registered for, and been granted, access to the data room being administered by the National Hydr ...
North America | Friday, September 4, 2015

Gazprom and OMV move forward with long-term business projects

Today in Vladivostock, a working meeting has been held between the Chairman of the Gazprom Management Committee, Alexey Miller, and OMV CEO Rainer Seele. During the meeting, a Term Sheet was signed regarding long-term business projects between Gazprom and OMV. The part ...
Russia FSU | Friday, September 4, 2015

Rosneft agrees sale of 15% in Vankorneft to ONGC Videsh

Rosneft and Indian ONGC Videsh Limited during the Eastern Economic Forum signed the agreement of sale and purchase of 15% in Vankorneft and shareholders agreement in regard of the enterprise management. The document was signed by the Chairman of Rosneft Management Board ...
Russia FSU | Friday, September 4, 2015

Thursday, September 3, 2015

ION announces cost reduction initiative; 25% global workforce reduction by the end of the month

ION Geophysical Corporation (NYSE: IO) today announced an aggressive cost reduction initiative as part of an overall plan to align operating expenses with business conditions and recent declines in the current commodity price environment for crude oil and natural gas. T ...
North America | Thursday, September 3, 2015

EIA Oil Revisions Are Bullish-if You Include This

This week the EIA released the first look at its new method for reporting United States crude oil production. It revealed two things. First, the EIA's prior method had been significantly overstating U.S. oil production so far in 2015. Second, U.S. production appears ...
North America | Thursday, September 3, 2015

EV Energy Partners announces $259 million in acquisitions from certain Enervest institutional partnerships

EV Energy Partners, L.P. (NASDAQ: EVEP) today announced it has entered into four agreements with certain EnerVest Institutional Partnerships to acquire oil and natural gas properties, which represent combined estimated net proved reserves of 302 Bcfe, in the Appalachian ...
North America | Thursday, September 3, 2015

America Resources Exploration acquires producing oil field in Texas

America Resources Exploration, Inc. (OTC PINK: AREN), today announced that it has acquired a producing oil field (The Harris Leases) in Callahan County, Texas. The leased area totals approximately 700 acres and comes with 6 shallow wells drilled into the Jane's Cross Pl ...
North America | Thursday, September 3, 2015

Saturn Minerals provides update on agreement with Jaguar Energy and further plans for Bannock Creek property

Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) is pleased to announce that further to the news release dated June 30, 2015 the Company and the Joint Venture Partner, Jaguar Resources Inc. have agreed to amend the Joint Operating Agreement initially entered into M ...
North America | Thursday, September 3, 2015

Much ado about... an OPEC editorial

An editorial in OPEC's latest Bulletin caused much excitement and contributed to a price rally on oil markets on August 31. The oil producer club said it stood 'ready to talk to all other producers' but emphasized that this had to be on 'a level playing field.' But the ...
Middle East | Thursday, September 3, 2015

Chevron and H5 settle over Ecuadorian lawsuit

Chevron Corporation (NYSE:CVX) has reached a settlement agreement with H5, a California-based e-discovery and litigation services firm. In the settlement, H5 has withdrawn its support from the litigation against Chevron in Ecuador and has assigned its 1.25 percent inter ...
South America | Thursday, September 3, 2015

Rosneft and Sinopec agree on the joint development of Russkoye and Yurubcheno-Tokhomskoye fields

Rosneft and China Petrochemical Corporation (Sinopec) signed the Heads of Agreement on cooperation within the proposed joint development of Russkoye and Yurubcheno-Tokhomskoye fields. The document was signed by the Chairman of Rosneft Management Board Igor Sechin and th ...
Russia FSU | Thursday, September 3, 2015

More Gloom on the Horizon for Bakken Companies in Q3 2015

As commodity prices fell at the end of 2014 and in early 2015, companies that participate in the Bakken shale in North Dakota and Montana were hit the hardest amongst U.S. unconventional operators. The WTI oil benchmark price dropped to below $50 in the first quarter of ...
North America | Thursday, September 3, 2015

Gulf Keystone - Payments anticipated in September

In its half-year results today, Gulf Keystone confirmed continued strong operational performance from Shaikan. The company continues to produce high volumes from Shaikan (a new daily high of 45mbblsd in August), though struggles to receive revenues for its crude. The pa ...
Middle East | Thursday, September 3, 2015
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