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Wednesday, May 25, 2016

Nostrum Oil & Gas announces financial results for first quarter 2016

Nostrum Oil & Gas PLC (LSE: NOG), an independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin, today announces its results in respect of the three month period ended 31 March 2016. Highlights: Fina ...
Russia FSU | Wednesday, May 25, 2016

IGas provides trading statement ahead of today's AGM

IGas today provides the following statement in relation to trading for the period 1 January to 24 May. This update is issued in advance of the Company's Annual General Meeting which is being held at 10.30am today. Highlights: Production and existing assets Production ...
West Europe | Wednesday, May 25, 2016

Fed Raising Interest Rates in June? Marc Faber Says No, Is Bullish on Gold and Oil Stocks

Marc Faber, editor of the Gloom, Boom & Doom Report, is bullish on gold and oil and gas stocks. Given the abundant speculation about the Federal Reserve and interest rates, Marc Faber told CNBC last week he believes the Fed is closely watching the market reaction to it ...
North America | Wednesday, May 25, 2016

Technip awarded umbilical supply contract by Statoil in Norway

Technip's wholly-owned subsidiary Technip Umbilicals Ltd. has been awarded a contract by Statoil ASA to supply the umbilical to the Oseberg Vestflanken 2 field offshore Norway. This field is located approximately 8 kilometers North West of the Oseberg field center at bl ...
West Europe | Wednesday, May 25, 2016

Atlantic Petroleum announces first quarter 2016 results

P/F Atlantic Petroleum (NASDAQ Copenhagen: ATLA DKK & Oslo Stock Exchange: ATLA NOK) today announces its results for the first quarter of 2016. This company announcement should be read in conjunction with Atlantic Petroleum's Condensed Consolidated Interim Report attach ...
West Europe | Wednesday, May 25, 2016

Tuesday, May 24, 2016

Primeline Energy Holdings commences arbitration proceedings against CNOOC

Primeline Energy Holdings Inc.(TSX VENTURE:PEH) today announces that it has sent a letter to China National Offshore Oil Corporation and CNOOC China Limited giving formal notice of its intention to commence arbitration proceedings against CNOOC Group under the provision ...
Asia Far East | Tuesday, May 24, 2016

Oil price, Sound Energy, Sundry-Faroe-Xcite- And finally...

Oil price Another quiet day in the market, the greenback remains firm exerting downward pressure on crude and I suspect that the inventory stats may provide most of the excitement for the week. Reuters findings are for a draw of 2.5m barrels in crude, 1.3m in gasoline ...
West Europe | Tuesday, May 24, 2016

Xcite Energy announces first quarter 2016 results

Xcite Energy announces its first quarter results for the 3 month period ended 31 March 2016. Highlights for the year to date Continuing discussions with bondholders ahead of debt maturity on 30 June 2016. Principal commercial terms agreed for development funding propos ...
West Europe | Tuesday, May 24, 2016

Sound Energy announces final 2015 results

Sound Energy, the Mediterranean focused upstream oil and gas company, announces its audited final results for the year ended 31 December 2015. 2015 Highlights Acquisition of an operated 55% position in the Tendrara licence, onshore Morocco, offering large scale gas dis ...
North Africa | Tuesday, May 24, 2016

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
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