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San Leon Energy provides update on Nigerian onshore production deal

San Leon Energy plc, the AIM quoted oil and gas exploration and production company focused on Europe and Africa, is pleased to provide the following update on its production deal on the OML 18 block, onshore Nigeria. As announced on 16 May 2016, in order to complete th ...
Africa | Tuesday, May 24, 2016

The end of OPEC as we know it?

Saudi Arabia's decision to reduce its dependency on oil is the final acknowledgment that the Kingdom's global swing producer role is nearing its end. The decision will have long-standing consequences for OPEC and oil markets. The past two years have not been easy for O ...
Middle East | Tuesday, May 24, 2016

Parsley Energy acquires mineral rights in Southern Delaware Basin

Parsley Energy, Inc. (NYSE: PE) today announced that it has entered into an agreement to acquire mineral rights under approximately 30,000 acres consisting of Parsley leasehold and other adjacent properties in Pecos and Reeves Counties, Texas in the Southern Delaware Ba ...
North America | Tuesday, May 24, 2016

Wood Group awarded Statoil master services agreement

Wood Group has been awarded an evergreen master services agreement (MSA) by Statoil to support the life cycles of its offshore and onshore facilities. Work and services covered by the MSA include engineering studies, detailed engineering, procurement services and manage ...
West Europe | Tuesday, May 24, 2016

Monday, May 23, 2016

Oil price, Andes Energia, Europa/Union Jack, Sundry-Petroceltic-Lansdowne-And finally...

Oil price It's not just because oil didnt break $50 last week but at these prices it certainly seems that some sort of equilibrium has been reached, at least in the short term. Last week was another up week for crude, WTI rose 3.3% whilst Brent only gained 1.7% as the ...
West Europe | Monday, May 23, 2016

Andes Energia announces final results for 2015

The Board of Andes Energia is pleased to report final results for the year ended 31 December 2015. OVERVIEW Year ended 31 December 2015 2014 US$m US$m Revenue 66.8 48.2 Operating profit 2.8 *5.5 EBITDA 16.8 *8.8 Net cash generated from operating activiti ...
South America | Monday, May 23, 2016

Saudi Arabia is planning for the post-oil era, why not the United States?

The world's largest exporter of crude oil, the Kingdom of Saudi Arabia, recently announced a plan for its post-oil future. If a country almost synonymous with the oil economy can see the need for such a plan, how can the rest of the world, particularly the United States ...
North America | Monday, May 23, 2016

Statoil announces cancellation of Hercules drilling rig contract with Seadrill

Statoil has, on behalf of the Aasta Hansteen licence, decided to cancel the contract with Seadrill for the West Hercules drilling rig. On contract with Statoil since 31 January 2013, the rig has carried out an exploration campaign offshore Newfoundland in Canada for th ...
North America | Monday, May 23, 2016

Europa Oil & Gas announces farm-out of Holmwood, Weald Basin

Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration, development and production company focused on Europe, is pleased to announce it has signed a Farm-Out Agreement in relation to its 40% interest in the PEDL143 licence in the Weald Basin with Union ...
West Europe | Monday, May 23, 2016

Friday, May 20, 2016

Abraxas Petroleum raises 2016 guidance and capital budget

Abraxas Petroleum Corporation (NASDAQ:AXAS) today provided the following operational update and preliminarily raised the Company's 2016 guidance and capital budget. Permian Basin Abraxas recently elected to conclude the sales efforts for the Company's Ward and Reeves ...
North America | Friday, May 20, 2016

PetroShale announces first quarter 2016 results

PetroShale Inc. (TSX VENTURE:PSH)(OTCQX:PSHIF) is pleased to announce its financial and operating results for the three month period ended March 31, 2016. Q1 2016 HIGHLIGHTS: PetroShale continued to execute our strategy focused in the heart of the North Dakota Bakken, ...
North America | Friday, May 20, 2016

ArPetrol announces sale of substantially all of its assets

ArPetrol Ltd. is pleased to announce that it has successfully closed the previously announced sale of substantially all of its assets to Empresa Nacional Del Petróleo, the state owned oil and gas company of Chile, and its subsidiary ENAP Sipetrol Argentina S.A. T ...
South America | Friday, May 20, 2016

Oil price, Circle Oil, Sundry-AEP-GKP-Oil Search- And finally...

Oil price The oil price will end up on the week but with a whimper not a bang. Yesterday the continued strength of the greenback kept the wrappers on the price although continued bad news on production, particularly from Nigeria made for a late in the day rally. Inter ...
West Europe | Friday, May 20, 2016

Oil Search and Total enter exclusive Memorandum of Understanding regarding acquisition of InterOil assets

Oil Search Limited and Total SA are pleased to announce that they have entered into an exclusive Memorandum of Understanding (MoU). This follows Oil Search's agreement to acquire InterOil Corporation (InterOil), announced earlier today. The MoU sets out the principles ...
Australasia | Friday, May 20, 2016

Oil Search signs definitive agreement to acquire InterOil

Oil Search Limited (ASX:OSH, POMSoX: OSH) and InterOil Corporation (NYSE: IOC, POMSoX: IOC) today announced that they have signed a definitive agreement under which Oil Search will acquire all of the outstanding shares of InterOil. The InterOil Transaction offers Inter ...
Australasia | Friday, May 20, 2016

SDX Energy announces admission to AIM

SDX Energy Inc. (TSX-V / AIM: SDX), an oil & gas exploration and production company with assets in Egypt & Cameroon, is pleased to announce that admission of its ordinary shares to trading on the AIM market of the London Stock Exchange will take place and dealings will ...
West Europe | Friday, May 20, 2016
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