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Thursday, April 23, 2015

Oil price, Cape, Victoria Oil & Gas, Sefton Resources, Trap Oil, Sundry, And finally...

Oil price Lets get the facts out of the way first, last night's EIA inventory figures showed yet another build of crude oil stocks, this time by 5.3m barrels against consensus of 2.7m. This number is the highest since 1982 and the monthly figure is the highest since 19 ...
West Europe | Thursday, April 23, 2015

CAMAC Energy completes corporate changes; becomes Erin Energy

CAMAC Energy Inc. (NYSE MKT:CAK) will implement a reverse stock split of its common stock pursuant to which each six shares of common stock will be converted into one share of common stock, effective as of 5:00 p.m. Eastern time on Wednesday, April 22, 2015. Concurrent ...
North America | Thursday, April 23, 2015

How did that prediction work out, Nostradamus?

They say never make predictions, especially about the future; and by 'they' I mean just about everyone, the quote is variously attributed to Yogi Berra, Albert Einstein and Dan Qualye, amongst others. Foolishly I ignored that advice and I did make a prediction, but I d ...
North America | Thursday, April 23, 2015

Supreme Court of the Netherlands rules in favour of Ecopetrol in Llanos Oil Exploration case

Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC; TSX: ECP) hereby informs that on March 18 the Supreme Court of the Netherlands notified the final verdict in favor of Ecopetrol S.A. in the lawsuit filed in 2011 by the Llanos Oil Exploration Ltd. against the company. The Dutch ...
West Europe | Thursday, April 23, 2015

E.ON Global Commodities and Meridian LNG announce UK Gas Sales agreement

Meridian LNG Holdings Corp. and E.ON Global Commodities SE, the trading unit of E.ON SE, have entered into a 20-year gas sales agreement under which EGC has agreed to purchase up to two million tons of regasified LNG per year (2.0 mtpa) from Meridian LNG at market-refle ...
West Europe | Thursday, April 23, 2015

Patterson-UTI Energy reports financial results for first quarter 2015

PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported financial results for the three months ended March 31, 2015. The Company reported net income of $9.1 million, or $0.06 per share, for the first quarter of 2015, compared to net income of $34.8 million, or $0.24 pe ...
North America | Thursday, April 23, 2015


Applus RTD to provide testing to ultra-deep water Kaombo development

Applus RTD, the global leader in the provision of integrity technology services, has been awarded a contract from Heerema Marine Contractors as part of the Kaombo development offshore Angola. As part of the largest ultra-deep water SURF (subsea, umbilicals, risers, flo ...
Africa | Thursday, April 23, 2015

Alvopetro announces operational update, updated 2015 capital plan, and year-end 2014 financial results

Alvopetro Energy Ltd. (TSX VENTURE:ALV) is pleased to provide an operational update, our updated 2015 capital plan, announce our fourth quarter 2014 and year-end 2014 financial results and the filing of our annual information form. Operational Update We recently teste ...
North America | Thursday, April 23, 2015

PRD Energy provides operational update and 2015 outlook

PRD Energy Inc. (TSX VENTURE:PRD) announces filing of its financial statements as at and for the year ended December 31, 2014, and provides an operational update on activities to date as well as an outlook for the remainder of 2015. The Company's year end filings includ ...
West Europe | Thursday, April 23, 2015

Trap Oil announces final 2014 results; 'significantly reduces' workforce

Trapoil (AIM: TRAP), the independent oil and gas exploration, appraisal and production company focused on the UK Continental Shelf region of the North Sea, announces its audited results for the year ended 31 December 2014. Highlights £3.0m paid to fund the drilli ...
West Europe | Thursday, April 23, 2015

Cape awarded 5 year contract with ExxonMobil

Cape plc has been awarded a 5-year contract with ExxonMobil for the supply of access, insulation and associated services to Fawley Refinery in the UK. ExxonMobil is the world's largest publicly traded international oil and gas company. It holds an industry-leading inve ...
West Europe | Thursday, April 23, 2015

Zoltav Resources announces final results for the year ended 31 December 2014

Zoltav (AIM:ZOL), the Russia and CIS-focused oil and gas exploration and production company, announces final results for the year ended 31 December 2014. Corporate Highlights Acquired 100 per cent. interest in the Bortovoy Licence in the Saratov Oblast of the Russian F ...
Russia FSU | Thursday, April 23, 2015

Sterling Energy disputes expiration of first renewal period at Ntem Concession, Cameroon

Sterling Energy Plc, the AIM listed oil and gas exploration company (AIM: SEY), provides the following update for the Ntem Concession, offshore Cameroon. Background Sterling Cameroon Limited, a wholly owned subsidiary of Sterling Energy Plc, holds a 100% working inter ...
Africa | Thursday, April 23, 2015

Technip's first quarter 2015 results - a solid first quarter despite industry headwinds

On April 21, 2015, Technip's Board of Directors approved the first quarter 2015 adjusted consolidated financial statements. First quarter 2015 results Order intake of €1.5 billion; backlog at €20.6 billion 17% growth in adjusted revenue to €2.9 billion A ...
West Europe | Thursday, April 23, 2015

Wednesday, April 22, 2015

Arcan Resources enters arrangement agreement to be acquired by Aspenleaf Energy

Arcan Resources Ltd. (TSX VENTURE:ARN) announces that today it has entered into an arrangement agreement with Aspenleaf Energy Limited pursuant to which Aspenleaf will, subject to certain conditions, acquire all of the issued and outstanding common shares of Arcan for $ ...
North America | Wednesday, April 22, 2015

New Western Energy signs LOI to acquire 100% interest in Osage County Oil & Gas Project

New Western Energy Corp. (OTCQB:NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, today announced that it has signed an LOI to acquire one hundred percent interest i ...
North America | Wednesday, April 22, 2015
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