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Wednesday, July 1, 2015

Oil price, Tullow, Independent Oil & Gas, Amerisur, Sundry-Petroceltic-Gulfsands- And finally...

Oil price I have been away for just over a week, during which what might be described as considerable trauma has occurred but the oil price is almost exactly as I left it, notwithstanding some humps in the road. Greece has defaulted which has strengthened the dollar an ...
West Europe | Wednesday, July 1, 2015

Shell takes final investment decision for the Appomattox deep-water development in Gulf of Mexico

Royal Dutch Shell plc today announces the final investment decision to advance the Appomattox deep-water development in the Gulf of Mexico. This decision authorises the construction and installation of Shell's eighth and largest floating platform in the Gulf of Mexico. ...
North America | Wednesday, July 1, 2015

Leverage Comes in Different Forms - Run From This One

One of the most beaten-down names in the entire oil services sector is Paragon Offshore (PGN-NYSE). A spinoff from the deepwater-focused Noble Corp (NE-NYSE), this 'standard spec' offshore driller ended its first day of regular trading at $11 on August 4, 2014. The sto ...
North America | Wednesday, July 1, 2015

Hansa Hydrocarbons awarded licences in Germany and the Netherlands

Hansa Hydrocarbons Limited is pleased to announce that it has recently been awarded a number of licences in the Dutch and German sectors of the Southern North Sea. The awards comprise five contiguous licences, namely blocks N04, N05, N07c & N08 in the Netherlands and t ...
West Europe | Wednesday, July 1, 2015

Saturn Minerals announces Bannock Creek 4 well drill program - a positive for Bayhorse Silver

Bayhorse Silver have released the following statement to shareholders and investors: Today Saturn Minerals Inc issued a news release announcing that it has received a proposal from its Bannock Creek Property Joint Venture Partner in Saskatchewan's northern Williston Ba ...
North America | Wednesday, July 1, 2015

Marin Kutusa: Tricks Anybody Can Use to Out-Invest the Top Fund Managers

You don't have to be a geologist or a workaholic fund manager to spot deals in the natural resources space—although it helps if you know a good one. Focus on the people behind the company, find out if they have skin in the game, and wait until you can get in at a ...
North America | Wednesday, July 1, 2015

Karoon Gas Australia provides update on Exploration Permit wA-482-P, Carnarvon Basin

Karoon Gas Australia Ltd advises the Company received a Change of Control Notice from its joint venture partner, Apache Northwest Pty Ltd on 15 May 2015 relating to Carnarvon Basin exploration permit WA-482-P pursuant to the terms under the Joint Operating Agreement. T ...
Australasia | Wednesday, July 1, 2015

Incremental Oil and Gas completes purchase of Silvertip Oil and Gas Field

Incremental Oil and Gas is pleased to advise that it has completed the purchase of the Silvertip Oil and Gas Field from Fidelity Exploration & Production Company. Key Highlights Conventional oil and gas field estimated at 25% Oil, 45% Gas, 30% NGL's Leases cover approx ...
North America | Wednesday, July 1, 2015

Tullow Oil issues trading statement

Tullow Oil plc (Tullow) issues this statement to summarise recent operational activities and to provide trading guidance in respect of the financial year to 30 June 2015. This is in advance of the Group's Half Year Results, which are scheduled for release on Wednesday 2 ...
Africa | Wednesday, July 1, 2015

Tuesday, June 30, 2015

Palantir Forward Curve - 2015 June

Global Economy The oil price recovery slowed down this month after three consecutive months of steady price increases. As of June 15, WTI front month futures price settled at $59.53 USD/bbl which is little changed from the May average. European Brent front month future ...
North America | Tuesday, June 30, 2015

New oil price fall is matter of 'when', not 'if', as inventory builds

Financial players have become convinced in recent months that the oil price will rise. And so far, this has been a self-fulfilling prophecy. Their buying has led to oil being stored all over the world - in tankers floating at sea and in shale oil wells, as well as in st ...
North America | Tuesday, June 30, 2015

Cardinal Energy Group settles dispute with Concho Oilfield Services

Cardinal Energy Group, Inc. (OTCQB: CEGX) is pleased to announce that the attorneys for Concho Oilfield Services, LLC and Hudson Petroleum, Ltd., Co., have asked the court to dismiss their claims against the Company with prejudice. The motions filed with the Texas Distr ...
North America | Tuesday, June 30, 2015

Ring Energy completes acquisition of Delaware Basin acreage

Ring Energy, Inc. (NYSE MKT: REI) announced today that it has closed its previously announced acquisition of the Delaware Basin acreage located in Culberson and Reeves Counties, Texas, for a purchase price of $75 million. The Acquisition was financed with proceeds from ...
Middle East | Tuesday, June 30, 2015

Zion Oil & Gas enters drilling contract negotiations with Viking Services

Zion Oil & Gas, Inc. (NASDAQ:ZN) entered into drilling contract negotiations with Viking Services BV and Viking's Israeli subsidiary, for use of a land-based oil and gas rig with deep drilling capacity and certain other oilfield services for exploration activities withi ...
Middle East | Tuesday, June 30, 2015

Cenovus Energy sells royalty business for $3.3 billion

Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has reached an agreement to sell Heritage Royalty Limited Partnership (HRP), a wholly-owned subsidiary, to Ontario Teachers' Pension Plan for gross cash proceeds of approximately $3.3 billion. HRP holds approximately 4.8 millio ...
North America | Tuesday, June 30, 2015

Refining Margins Back but Will They Remain?

Between 2009 and 2014, refining margins rarely exceeded $5/bbl in Europe and $8/bbl in Asia, whilst the USA was the only safe-haven, averaging $15/bbl. In 2015, however, the game changed as the global oversupply triggered a crude price collapse, resulting in healthier r ...
North America | Tuesday, June 30, 2015
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