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Thursday, October 20, 2016

Oil price, Hurricane Energy, President Energy-Catch up-Aminex-Range-Circle Oil- And finally...

Oil price I return from Norway, where little seems to phase them, to find a modest rise in the oil price that looks as if it is going to stay, at least for the time being. There are still plenty of bears around but the people that count appear to think that they can in ...
West Europe | Thursday, October 20, 2016

Gastar Exploration executes definitive agreement to develop up to 60 wells in Oklahoma

Gastar Exploration Inc. (NYSE MKT: GST) announced that it has executed a definitive agreement with a large private global investment fund to jointly develop up to 60 Gastar operated wells in the STACK Play in Kingfisher County, Oklahoma. The drilling program will target ...
North America | Thursday, October 20, 2016

Helix Energy Solutions reports third quarter 2016 results

Helix Energy Solutions Group, Inc. (NYSE: HLX) reported net income of $11.5 million, or $0.10 per diluted share, for the third quarter of 2016 compared to net income of $9.9 million, or $0.09 per diluted share, for the same period in 2015 and a net loss of $10.7 million ...
North America | Thursday, October 20, 2016

Tethys Petroleum provides Olisol transaction update

Tethys Petroleum Limited (TSX:TPL)(LSE:TPL) today announces that it acknowledges Olisol Petroleum Limited's Press Release dated October 12, 2016 whilst wishing to clarify certain matters pertaining to Olisol's Release and to provide a transaction update. Olisol Petrole ...
North America | Thursday, October 20, 2016

Subsea 7 awarded contract offshore Egypt

Subsea 7 S.A. (Oslo Børs Børs: SUBC, ADR: SUBCY) today announced the award of a substantial contract, offshore Egypt, by Pharaonic Petroleum Company to be executed at water depths of over 900 metres in the Atoll field. The contract scope includes the engi ...
Middle East | Thursday, October 20, 2016

Wednesday, October 19, 2016

3 Charts Explain Why I DON'T Own Oil Tanker Stocks

I'm always looking to invest my money in oddball places in energy; subs-sectors that are outside the mainstream. That would include areas like ethanol, which I've done quite well at, and technology stocks-where I have sometimes lost a lot of money. Other examples inclu ...
North America | Wednesday, October 19, 2016

Cooper Energy sells remaining Indonesian asset to Bass Strait Oil Company

Cooper Energy (ASX: COE) announces it has accepted an offer from Bass Strait Oil Company Limited (ASX: BAS) for the sale of its remaining Indonesian asset, a 55% interest in the Tangai-Sukananti KSO, South Sumatra Basin, Indonesia. A share sale agreement to effect the ...
Asia Far East | Wednesday, October 19, 2016

KBR awarded pre-FEED study for Indonesian LNG regas project

KBR, Inc. (NYSE: KBR) announced today the award of a pre-front end engineering and design (FEED) study for PT Australasia LNG Indonesia's (AALNG) new proposed LNG Hub terminal in Probolinggo, East Java, Indonesia. This is KBR's first contract with AALNG. Under the term ...
Asia Far East | Wednesday, October 19, 2016

Halliburton announces strong third quarter 2016 results

Halliburton Company (NYSE:HAL) announced today results for the third quarter of 2016 of $0.01 per diluted share. 'I am pleased with our third quarter results given the devastation our industry has faced over the last two years. These results reflect the hard work and d ...
North America | Wednesday, October 19, 2016

Gulfsands Petroleum signs Colombian Farmout Agreement

Gulfsands Petroleum plc (AIM: GPX), the oil and gas company with activities in Syria, Tunisia, Colombia and Morocco, today announces that it has signed a Farmout Agreement relating to the Colombian, Putumayo-14 Exploration and Production of Hydrocarbons Contract No 2 of ...
South America | Wednesday, October 19, 2016

MX Oil announces first oil production at OML 113

MX Oil, the AIM quoted oil and gas investing company, is pleased to announce that PR Oil and Gas Limited, the holder of its investment in OML 113, has now received US$1.2 million from the sale of the first production of oil from the Aje Field, which forms part of OML 11 ...
Africa | Wednesday, October 19, 2016

Challenging the 'delusion' of cheap, safe shale gas extraction

Will Scotland end up in the (fracking) pocket of Donald Trump and Theresa May? In the latest of our running series of articles covering the subject, Professors Alex Russell and Peter Strachan present the case against. There are distinct similarities between the 1848-18 ...
West Europe | Wednesday, October 19, 2016

Lundin Petroleum to recognise $136 million foreign exchange gain for third quarter 2016

Lundin Petroleum AB will recognise a net foreign exchange gain of approximately MUSD 136 for the third quarter of 2016. The profitability for the third quarter of 2016 will be impacted by a largely non-cash net foreign currency exchange gain mainly related to the reval ...
West Europe | Wednesday, October 19, 2016

Range Resources announces third quarter activities report

The Company provides its quarterly activities report for the period ended 30 September 2016. Trinidad operations Production The Company's oil production for the period was 40,888 barrels (average of 444 barrels of oil per day ('bopd')) net to Range. Whilst the averag ...
Central America | Wednesday, October 19, 2016

Tuesday, October 18, 2016

Share issuances in vogue for U.S. oil & gas companies in 2016

The amount of cash raised by 68 U.S. oil and gas companies via a net issuance in new shares soared to a three-year high of $19.4 billion in Q2 2016, according to Evaluate Energy's new study focused on U.S. oil and gas company cash flow. In response to changing attitude ...
North America | Tuesday, October 18, 2016

Tethys Oil announces third quarter 2016 financial update

Tethys Oil's revenue amounted during the third quarter 2016 to MUSD 26. Tethys Oil's share of the production, before government take, from Blocks 3 and 4 onshore the Sultanate of Oman amounted in the quarter to 1,120,764 barrels. The average achieved oil price during t ...
Middle East | Tuesday, October 18, 2016
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