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Wednesday, November 25, 2015

Falcon Oil & Gas announces interim results for the nine months ended 30 September 2015

Falcon Oil & Gas Ltd. (TSX VENTURE:FO)(AIM:FOG)(ESM:FAC) is pleased to announce its financial results for the three and nine months ended 30 September 2015. Highlights Operational Commencement of the Australian nine well exploration and appraisal programme, planned fr ...
Australasia | Wednesday, November 25, 2015

Rosneft announces financial results for the period ended 30 September 2015

Consolidated IFRS financial results for Q3 2015 and 9M 2015: 1. Adjusted for forex effect from the recognition of revenue under long term oil supply contracts in the amount of RUB 23 bln in Q3 2015 and RUB 15 bln in Q2 2015. 2. Excluding gain from the sale of LLC 'Yug ...
Russia FSU | Wednesday, November 25, 2015

Equatorial Guinea's national gas company opens negotiations for LPG purchase

The Ministry of Mines, Industry and Energy of Equatorial Guinea has announced that national gas company SONAGAS ( will begin marketing the State's share of liquefied petroleum gas (LPG) produced at the Alba Plant, on Bioko Island. SONAGAS has now o ...
Africa | Wednesday, November 25, 2015

Tuesday, November 24, 2015

Opportunity Looms in the Midstream

Consisting mostly of publicly traded master limited partnerships (MLPs), oil and gas midstream suppliers, for better or worse, are beholden to a breed of investors as interested in the return of their capital (i.e., distribution yield) as they are the return on their ca ...
North America | Tuesday, November 24, 2015

Madalena Energy to begin trading on the OTCQX in the United States

Madalena Energy Inc. (TSX-V: MVN; OTCQX: MDLNF) is pleased to announce that the Company's common shares commenced trading today on the OTCQX®Best Market, a top tier public market in the United States, under the symbol MDLNF. Madalena will continue to trade on the T ...
North America | Tuesday, November 24, 2015

Oil price, Rockhopper/FOGL, Sound Energy, Links to III interviews, And finally...

Oil price The oil price was looking very sickly yesterday until news 'leaked' from Saudi Arabia of a cabinet meeting at which no less than the King himself had said that the Kingdom was 'ready to cooperate with Opec and Non-Opec to achieve market stability'. Oh what po ...
West Europe | Tuesday, November 24, 2015

Ikkuma Resources Corp. announces third quarter 2015 results

Ikkuma Resources Corp. (TSXV: IKM) is pleased to report its financial and operating results for the three and nine months ended September 30, 2015. Q3 2015 Highlights Achieved production capability of approximately 9,500 - 10,500 boe/d during the quarter with the tie-i ...
North America | Tuesday, November 24, 2015

Oil and Gas Industry: Need for a 360 Degree Approach towards Transformation

Operations Management is one of the key area of management which deals with the planning, control and changes of the manufacturing, production and service process of the business. The operations management can differ from Industry to industry and it can play a key role ...
North America | Tuesday, November 24, 2015

Cape plc provides trading update

Cape plc, the international provider of critical industrial services to the energy and natural resources sectors, today issues the following trading update for the period 6 July 2015 to 1 November 2015. Trading and market conditions The Group has delivered a trading r ...
West Europe | Tuesday, November 24, 2015

Why 'supply and demand' doesn't work for oil

The traditional understanding of supply and demand works in some limited cases-will a manufacturer make red dresses or blue dresses? The manufacturer's choice doesn't make much difference to the economic system as a whole, except perhaps in the amount of red and blue dy ...
North America | Tuesday, November 24, 2015

Nostrum Oil and Gas announces results for the nine months ended 30 September 2015

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 nine months ended 30 September 2015. Financial and Operat ...
Russia FSU | Tuesday, November 24, 2015

Sound Energy announces significant cost reduction in upcoming Badile exploration well

Sound Energy, the Mediterranean focused upstream oil and gas company, is pleased to announce a significant reduction in the estimated cost of the forthcoming Badile exploration well. The Company has now completed a selective re-tendering of the Badile well programme wi ...
East Europe | Tuesday, November 24, 2015

SacOil Holdings announces reviewed condensed consolidated interim results for the six months ended 31 August 2015

Key highlights: Refund of $10 million on expiry of the OPL 233 performance bond Lagia: Commencement of installation of steam facilities Agreement reached on the settlement of the EERNL loans Completion of exit from OPL 233Commenting on the results, SacOil's CEO Dr. Thab ...
West Europe | Tuesday, November 24, 2015

Tethys Petroleum extends exclusivity period with Olisol Investments Limited

Tethys Petroleum Limited (TSX:TPL)(LSE:TPL) announces that is has agreed to extend the previously agreed exclusivity period with Olisol Investments Limited by 14 days to 11:59 p.m. Calgary time on December 7, 2015. On November 9, 2015 Tethys and Olisol signed a Letter ...
South America | Tuesday, November 24, 2015

Seadrill Limited announces third quarter 2015 results

Highlights Revenue of $985 million EBITDA of US$546 million 92% economic utilization Excluding non-recurring items and non-cash mark to market movements on derivatives, Net Income of $136 million and earnings per share of $0.21 Reported Net loss of $1.9 billion and dilu ...
West Europe | Tuesday, November 24, 2015

Rockhopper Exploration and Falklands Oil and Gas Limited announces recommended merger

The boards of Rockhopper and FOGL are pleased to announce that they have reached agreement on the terms of a recommended all-share merger to be effected by means of a Court-sanctioned scheme of arrangement under Part IV of the Companies Act 1948, being the legislation a ...
South America | Tuesday, November 24, 2015
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