Finance News

Latest News

Wednesday, October 22, 2014

Donnycreek Energy Inc. to merge with Contact Exploration Inc.
Donnycreek Energy Inc. ("Donnycreek" or the "Company") (TSX-V: DCK) reports that it has entered into an arm's length definitive arrangement agreement (the "Arrangement Agreement") with Contact Exploration Inc. ("Contact") wher ...
North America | Wednesday, October 22, 2014
Australia's Empire eyes domestic barite mining opportunity for Africa's largest oil producer
Australian gold and copper explorer, Empire Resources Limited, (ASX: 'ERL') has announced the company is entering a joint venture opportunity in Africa to focus on one of the principal ingredients used in that country's large offshore petroleum industry. Th ...
Africa | Wednesday, October 22, 2014
Nabors announces third quarter 2014 results
Nabors Industries Ltd. (NYSE: NBR) reported third-quarter 2014 operating revenues and earnings from unconsolidated affiliates of $1.81 billion, compared to $1.62 billion in the second quarter of 2014 and $1.55 billion in the same quarter of the prior year. Third-quarte ...
North America | Wednesday, October 22, 2014
ShaMaran announces Q3 2014 financial and operating results
ShaMaran Petroleum Corp. (TSX VENTURE:SNM) (OMX:SNM) announce its financial and operating results for the three and nine months ended September 30, 2014. Unless otherwise stated all currency amounts indicated as "$" in this news release are expressed in thousa ...
North America | Wednesday, October 22, 2014
Canacol Energy announces cash settlement and cancellation of warrants
Canacol Energy Ltd. (TSX:CNE)(OTCQX:CNNEF)(BVC:CNEC) announce the settlement of 2,697,292 outstanding phantom warrants for US$ 3.5 million, paid in cash. The phantom warrants arose in late 2012 in connection with a past financing transaction with respect to the acquisit ...
North America | Wednesday, October 22, 2014
Gazprom approves adjusted Investment Program, Budget and Cost Reduction Program for 2014
The Gazprom Board of Directors approved the adjusted Investment Program, Budget (Financial Plan) and Cost Optimization (Reduction) Program for 2014. According to the adjusted Investment Program for 2014, the total amount of investments will make up RUB 1 trillion 026.1 ...
Russia FSU | Wednesday, October 22, 2014
Thalassa provides a statement regarding the relocation of UK operations
Thalassa is making a statement following the recent inaccurate press coverage (the "Coverage") made without recourse to the Company or its advisers regarding the lease entered into by the Company with Eastleigh Court Limited ("ECL") for 10,000 sq ft ...
West Europe | Wednesday, October 22, 2014

Tuesday, October 21, 2014

Jericho Oil completes $4.23 million strategic financing with existing shareholders
Jericho Oil Corporation (TSX-V: JCO, Frankfurt: JLM) announce that it has closed its non-brokered private placement financing previously announced on October 9, 2014 by issuing 8,461,036 units (the "Units") at $0.50 per Unit for proceeds of $4,230,517 (the &qu ...
North America | Tuesday, October 21, 2014
Resolute Energy provides operational update and horizontal well results
Resolute Energy Corporation (NYSE: REN) updates certain operating data, provides horizontal well results and provides information for its scheduled conference call to discuss results for the quarter ended September 30, 2014. Our drilling during the third quarter and in ...
North America | Tuesday, October 21, 2014
Calmena announces divestiture of Brazil operations
Calmena Energy Services Inc (TSX:CEZ) announce that it has completed the sale of its Brazil operations, including all of its assets and its wholly owned subsidiary located in Brazil to a private Canadian company for a purchase price of $7.4 million. The sale price is co ...
South America | Tuesday, October 21, 2014
Weather conditions continue to hamper seismic contractor's operations in the Gum Deniz Oil Field
Greenfields Petroleum Corporation (TSX VENTURE:GNF)(TSX VENTURE:GNF.DB) provide an update on the continuing redevelopment of the Gum Deniz and Bahar fields in the Bahar Exploration, Rehabilitation, Development and Production Sharing Agreement ("ERDPSA"), Azerb ...
Russia FSU | Tuesday, October 21, 2014
Helix Energy Solutions Group reports third quarter 2014 results
Helix Energy Solutions Group, Inc. (NYSE: HLX) reported net income of $75.6 million, or $0.71 per diluted share, for the third quarter of 2014 compared to net income of $44.6 million, or $0.42 per diluted share, for the same period in 2013 and net income of $57.8 millio ...
North America | Tuesday, October 21, 2014
Rose Petroleum: Issue of equity under farm-in agreement
Rose Petroleum plc (ROSE.L) announce that it has signed an agreement with Rockies Standard Oil Company, LLC. ("RSOC") whereby RSOC has requested and Rose has agreed to issue ordinary shares of 0.1p in Rose ("Ordinary Shares") in respect of certain am ...
North America | Tuesday, October 21, 2014
Northern Petroleum refining plans for a first quarter 2015 drilling programme
Northern Petroleum, the AIM quoted oil company focusing on production led growth, provides the following update regarding drilling and production activities in north west Alberta, Canada. Highlights Summer drilling results Three wells targeting the Keg River edge ree ...
North America | Tuesday, October 21, 2014

Monday, October 20, 2014

Eagle Energy Trust seeks unitholder approval to permit investment in Canadian assets
Eagle Energy Trust (TSX:EGL.UN) plans to hold a Special Meeting of unitholders on November 24, 2014 to vote on a special resolution to amend the investment restrictions in Eagle's Trust Indenture to permit the acquisition of Canadian energy assets. Detail regarding ...
North America | Monday, October 20, 2014
Oil price, President, Genel/SL/Serica, Egdon/Europa, Sundry-Range-Afren-Halliburton, And finally...
Oil price There is a slightly better feel about the oil price this morning, US consumer sentiment appears better and it appears that China, as suggested here a number of times, has been buying for its strategic reserves. Elsewhere the Khafji oilfield in the Saudi/Kuwai ...
West Europe | Monday, October 20, 2014