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Friday, June 24, 2016

Spartan Energy Corp. closes strategic southeast Saskatchewan light oil acquisition

Spartan Energy Corp. (TSX:SPE) is pleased to announce that it has closed its previously announced acquisition of Wyatt Oil + Gas Inc., a privately held corporation with light oil assets in southeast Saskatchewan. The total consideration is comprised of the issuance of a ...
North America | Friday, June 24, 2016

Lilis Energy closes merger with Brushy Resources

Lilis Energy, Inc. (OTCQB:LLEX) today announced the closing of its previously announced merger with San Antonio-based Brushy Resources, Inc. (Brushy). In connection with the merger, Lilis completed a substantial recapitalization whereby the Company completed a private p ...
North America | Friday, June 24, 2016

Green Dragon Gas responds to EU Referendum result

Green Dragon Gas Ltd. (LSE: GDG), one of the largest independent companies involved in the production and sale of Coalbed Methane ('CBM') gas in China, notes the initial market reaction to the result of the UK referendum on membership of the EU and clarifies that there ...
Asia Far East | Friday, June 24, 2016

Oil price, Amerisur, Cape, IGas, Circle, And finally...

Oil price Unsurprisingly it's all about Brexit this morning as crude, having both closed above $50 last night come crashing down. WTI is $47.91 -$2.20 and Brent is $48.52 -$2.29, with sterling at 1.37 against the dollar and 1.2504 against the Euro even motorists won't ...
West Europe | Friday, June 24, 2016

Decommissioning and asset valuation: a complex relationship

Decommissioning in the UK Continental Shelf (UKCS) is going to be an expensive and uncertain business. According to The Decommissioning Company, operators in Europe are forecast to spend over £60 billion on decommissioning over the next 30 years. A major part of ...
West Europe | Friday, June 24, 2016

Anton Oilfield Services enters Strategic Cooperation Framework Agreement on Integrated Services for Oil and Gas Development and Construction

The board of directors of the Company is pleased to announce that on 22 June 2016, the Company, China Oil HBP Science & Technology Co., Ltd. and Petro AP (Hong Kong) Company Limited jointly entered into the Strategic Cooperation Framework Agreement on Integrated Service ...
Asia Far East | Friday, June 24, 2016

Cape plc completes refinancing and extension of credit facilities

Cape plc is pleased to announce that it has agreed an 'amend and extend' of its existing revolving credit facility, increasing the facility by a further £5m to £300m and retaining the £50m accordion feature. The facility has a contractual maturity of 2 ...
West Europe | Friday, June 24, 2016

MyCelx and Schlumberger sign upstream agreement

MYCELX Technologies Corporation (AIM: MYX), the clean water technology company providing patented solutions for commercial industrial markets worldwide, is pleased to announce that it has entered into an exclusive marketing and distribution agreement with Cameron, a Sch ...
West Europe | Friday, June 24, 2016

Circle Oil provides financial update

Further to the announcement of 27 May 2016, Circle Oil plc (AIM:COP) the international oil and gas exploration, development and production company, is pleased to announce that International Finance Corporation ('IFC') has agreed to extend the suspension of the December ...
West Europe | Friday, June 24, 2016

Hague and London Oil announces acquisition of Premier Oil's SADR assets

Hague and London Oil PLC (AIM: HNL), the hydrocarbon exploration company, announces the acquisition, via its wholly-owned subsidiary Maghreb Exploration Limited, of Premier Oil (SADR) Limited, which holds interests in five exploration licence areas in the Sahrawi Arab D ...
West Europe | Friday, June 24, 2016

Suncor Energy completes purchase of additional 5% interest in Syncrude

Suncor today announced that it has closed the previously announced purchase of a five per cent interest in Syncrude from Murphy Oil Corporation's Canadian subsidiary. 'The closing of this transaction further reinforces Suncor's commitment to profitable growth and creat ...
North America | Friday, June 24, 2016

Thursday, June 23, 2016

Whitecap Resources closes acquisition of high quality low decline oil assets

Whitecap Resources Inc. (TSX: WCP) is pleased to announce that it has now closed its previously announced acquisition of premium oil assets in southwest Saskatchewan for cash consideration of $595 million. Since Whitecap announced the Acquisition on May 10, 2016, crude ...
North America | Thursday, June 23, 2016

Oil price, Providence Resources, Ithaca, Range Resources, Falcon, Sundry-Weir-Genel-IGas-VOG- And finally...

Oil price After the 5.2m barrel draw in stocks from the API, which come out after the previous close, the market was waiting for something special from the EIA and when that didnt happen the market fell away quite sharply. A draw of only 917/- barrels was below the 1.3 ...
West Europe | Thursday, June 23, 2016

Saudi Arabia Sets 2030 Oil and Gas Targets to Achieve the Transformation Plan

One of the key part of the transformation plan of Saudi Arabia includes to prepare the kingdom for post oil era. The plan sketches out possibilities that can be undertaken under different ministries. The cabinet of the kingdom has approved a plan that aims at diversify ...
Middle East | Thursday, June 23, 2016

Noble Corporation receives full $540 million settlement value from Freeport-McMoRan

Noble Corporation plc (NYSE: NE) today announced that it has now received the full settlement value of $540 million from Freeport-McMoRan pursuant to the previously announced settlement and termination agreement between Noble, Freeport and Freeport's oil and gas subsidi ...
West Europe | Thursday, June 23, 2016

PetroNeft announces final 2015 results

PetroNeft (AIM: PTR) owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, is pleased to report its final results for the year ended 31 December 2015. Highlights Gross production 737,655 barrels of oil from Licence 61 in 2015 Average gross produc ...
Russia FSU | Thursday, June 23, 2016
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