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Tuesday, May 3, 2016

Low Prices for Oil Cure Low Prices for Oil

Torchlight Energy Three-Month Chart As investors we tend to over-think our investments. Regardless of why oil went down, at some point someone had to figure out that it was too cheap and should be bought. It didn't make any difference why oil was so cheap, at some poin ...
North America | Tuesday, May 3, 2016

Statoil ASA to increase its ownership in Lundin Petroleum AB through swap agreement

Statoil ASA (OSE: STL, NYSE: STO) has entered into an agreement with Lundin Petroleum AB (Lundin Petroleum) to divest its entire 15 percent interest in the Edvard Grieg field for an increased shareholding in Lundin Petroleum. The transaction also includes divestment of ...
West Europe | Tuesday, May 3, 2016

Husky Energy sells royalty interests for $163 million and additional interests

Husky Energy (TSX:HSE) has reached an agreement on the sale of royalty interests representing approximately 1,700 barrels of oil equivalent per day of expected Western Canada production in 2016 to Freehold Royalties Ltd. This transaction allows the Company to obtain a ...
North America | Tuesday, May 3, 2016

Friday, April 22, 2016

Aker Solutions wins engineering framework agreement from Lundin Norway

Aker Solutions secured a framework agreement from Lundin Norway to provide engineering services for offshore developments in Norway. The agreement covers early-phase studies, pre-engineering (FEED) work, verifications and follow-on engineering for Lundin Norway. It enc ...
West Europe | Friday, April 22, 2016

Oil price, Amerisur, Schlumberger, Sundry-Bowleven-Providence-Andes Energia-Bucket list-And finally...

Oil price Who woulda guessed, five days after the Doha disaster the oil price, despite falling yesterday, is likely to end up the best part of five bucks up on the week? This morning the new June WTI contract is around $44 and Brent is dead on $45, this is despite a st ...
West Europe | Friday, April 22, 2016

Zoltav Resources announces final 2015 results

Zoltav (AIM:ZOL), the Russia and CIS-focused oil and gas exploration and production company, announces final results for the year ended 31 December 2015 - a period in which the Company generated its first operating profit. Financial Highlights Revenues from production ...
Russia FSU | Friday, April 22, 2016

SacOil announces award of crude allocation by NNPC

Key highlights: SacOil and Energy Equity Resources signed a memorandum of understanding to explore oil and gas opportunities in the Republic of Nigeria. Pursuant to the initiative, SacOil and EER, was awarded a twelve month term contract for the purchase of Nigerian Cru ...
Africa | Friday, April 22, 2016

Schlumberger announces first quarter 2016 results

Revenue of $6.5 billion decreased 16% sequentially EPS of $0.40 declined 38% sequentially, excluding charges and credits Repurchased 7.1 million shares for $475 million during the quarter Quarterly cash dividend of $0.50 per share approved Cameron merger closed on Apri ...
North America | Friday, April 22, 2016

Cue Energy releases first quarter 2016 activities report

Production Total net production in the quarter of 190,140 boe comprised of 69,220 bbls and 725.52 mmcf. Maari (PMP 38160, New Zealand) field production varied between ~9000-13000 bopd (gross) during the quarter due to planned shut-ins, well work-overs and the FPSO moori ...
Australasia | Friday, April 22, 2016

Santos Energy provides 2016 first quarter activities report

KEY HIGHLIGHTS First quarter production of 15.6 mmboe was up 11% on the corresponding quarter and 5% higher than the previous quarter. Sales volumes were up 40% on the corresponding quarter. First quarter sales revenue was A$835 million. The average realised oil price d ...
Australasia | Friday, April 22, 2016

Lundin Petroleum provides first quarter 2016 financial update

Lundin Petroleum AB will expense pre-tax exploration costs of approximately MUSD 71 and recognise a net foreign exchange gain of approximately MUSD 159 for the first quarter of 2016. The profitability for the first quarter of 2016 will be impacted by certain expensed e ...
West Europe | Friday, April 22, 2016

Bowleven granted extension on Bomono licence

Bowleven, the Africa focused oil and gas exploration group traded on AIM announces that it has been awarded a one year extension to the existing Bomono exploration licence, onshore Cameroon, pending the final award of an Exploitation Authorisation (EA). The Bomono Expl ...
Africa | Friday, April 22, 2016

Thursday, April 21, 2016

Basic Energy Services reports first quarter 2016 results

Basic Energy Services, Inc. (NYSE: BAS) today announced its financial and operating results for the first quarter ended March 31, 2016. FIRST QUARTER 2016 HIGHLIGHTS First quarter 2016 revenue declined 19% to $130.4 million from $161.0 million in the fourth quarter of ...
North America | Thursday, April 21, 2016

PetroQuest Energy closes sale of majority of remaining Woodford Shale assets in the East Hoss field

PetroQuest Energy, Inc. (the 'Company') (NYSE: PQ) today announced the closing of the sale of the majority of its remaining Woodford Shale assets in the East Hoss field (the 'Sold Assets') for gross proceeds of $18 million, subject to purchase price adjustments between ...
North America | Thursday, April 21, 2016

Madalena Energy announces selected financial and operational information for 2015

Madalena Energy Inc. (TSXV: MVN and OTCQX: MDLNF) is pleased to provide selected financial and operational information for the three months and year ended December 31, 2015. Highlights for 2015 included: Oil and gas production averaged 3,274 boe/d (Q4-2014 - 4,075 boe/ ...
North America | Thursday, April 21, 2016

AltaGas reports first quarter 2016 results

Highlights Normalized EBITDA of $178 million; Normalized funds from operations of $132 million; 198 Mmcf/d shallow cut Townsend Facility 85 percent complete, commissioning to begin mid-2016; Filed application with the B.C. Oil and Gas Commission for the North Pine liqui ...
North America | Thursday, April 21, 2016
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