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Wednesday, September 28, 2016

PetroNeft announces results for first half of 2016

PetroNeft (AIM: PTR) an oil & gas exploration and production company operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67 is pleased to report its results for the 6 months ended 30 June 2016. Highlights Current gross produ ...
Russia FSU | Wednesday, September 28, 2016

LGO Energy announces 2016 half-year report

Chief Executive's Review In the first half of 2016 LGO has remained focussed on its operations in Trinidad and Spain. The Company has also been able to address the financial pressures that resulted from the loan default with BNP Paribas ('BNPP') which followed the shar ...
Central America | Wednesday, September 28, 2016

Nostra Terra and Independent Resources announce settlement of loan note

Nostra Terra (AIM:NTOG) is pleased to announce that its Joint Venture with Independent Resources plc (AIM:IRG), Independent Resources (Egypt) Ltd, has reached an agreement with TransGlobe Petroleum International Inc. concerning the early repayment of the US$2.5 million ...
West Europe | Wednesday, September 28, 2016

Gazprom and RusGazDobycha setting up project company to develop group of fields in Yamal-Nenets Autonomous Area

The Gazprom Board of Directors took notice of the information about the progress of the joint project for the development of the Parusovoye, Severo-Parusovoye and Semakovskoye fields located in the Yamal-Nenets Autonomous Area. It was highlighted that the work was unde ...
Russia FSU | Wednesday, September 28, 2016

Karoon Gas acquires remaining 35% interest in Santos Basin exploration blocks jointly held with Pacific Exploration and Production

Karoon Gas Australia Ltd (ASX: KAR) has entered into a binding Sale and Purchase Agreement for Pacific Exploration and Production Corp.'s 35% equity interest in the jointly held Santos Basin exploration blocks S?M?1037, S?M?1101, S?M?1102, S?M?1165 and S?M?1166 for up t ...
South America | Wednesday, September 28, 2016

Tuesday, September 27, 2016

The economic and moral bankruptcy of UK energy policy

With its choice for Hinkley Point C - a £100 billion boondoggle - its enthusiastic support for expensive and environmentally harmful fracking, and its relentless attack on renewable energy, the UK government's energy policy is both morally and economically bankrup ...
West Europe | Tuesday, September 27, 2016

United Hunter Oil & Gas to let oil and gas leases expire following dissolution of joint venture company Excelaron

United Hunter Oil & Gas Corp. (TSX VENTURE:UHO) announces that the management of Excelaron LLC has elected to dissolve the company and will be submitting a Certificate of Cancellation to the California Secretary of State's office to finalize this decision. After several ...
North America | Tuesday, September 27, 2016

DTE Energy to purchase natural gas midstream assets

DTE Energy today announced it will purchase midstream natural gas assets in support of the company's strategy to continue to grow and earn competitive returns for shareholders. The agreement calls for DTE to purchase 100 percent of Appalachia Gathering System (AGS), lo ...
North America | Tuesday, September 27, 2016

Newfield Exploration Company closes sale of Texas assets for $380 million

Newfield Exploration Company (NYSE: NFX) today announced the closing on its previously-disclosed transactions to sell its producing oil and gas properties and undeveloped acreage in Texas. Combined proceeds from the sales were approximately $380 million. The transactio ...
North America | Tuesday, September 27, 2016

Jones Energy completes STACK/SCOOP acquisition

Jones Energy, Inc. (NYSE:JONE) today announced the closing of its previously announced STACK/SCOOP acquisition for a closing price of $136.5 million, subject to customary post-closing adjustments, and announced the opening of an office in Oklahoma City, OK as a result o ...
North America | Tuesday, September 27, 2016

Painted Pony Petroleum closes asset exchange transaction

Painted Pony Petroleum Ltd. (TSX: PPY) is pleased to announce that it has closed the asset exchange transaction previously announced on July 27, 2016. The Swap includes Montney acreage, wells and non-operated facility interests with a large industry partner on jointly h ...
North America | Tuesday, September 27, 2016

Statoil cancels final phase of contract for East Epsilon jack-up rig

Statoil has decided to cancel the final phase of the contract with North Atlantic Drilling for the East Epsilon jack-up rig. The rig has been on contract to Statoil since 29 December 2010, performing operations for the Sleipner, Gudrun and Huldra licences. West Epsilon ...
West Europe | Tuesday, September 27, 2016

BP signs three concession amendments and reaches record production for the Nooros field in Egypt with partners

BP today announced it has signed with His Excellency the Egyptian Minister of Petroleum, Eng. Tarek El Molla, concession amendments for the Temsah, Ras El Barr and Nile Delta Offshore concessions in Egypt. These amendments allowed for the economic development of the Noo ...
Middle East | Tuesday, September 27, 2016

Xcite Energy provides update on potential restructuring

Xcite Energy provides an update on the restructuring of its senior secured bonds (the 'Bonds') issued by Xcite Energy Resources plc. As initially announced by the Company on 21 March 2016 in its full year results for the year ended 31 December 2015, the Company has bee ...
West Europe | Tuesday, September 27, 2016

PDVSA risks losing Curacao on failure to invest: Fuel for Thought

The failure of Venezuelan state-owned oil company PDVSA to live up to its contractually obligated investments in Curacao's Isla refinery has come back to bite them and they now risk losing it to China, which has stepped up to the plate with its own plan. PDVSA has oper ...
South America | Tuesday, September 27, 2016

Oil price, Range Resources, EOG/Union Jack, Bahamas Petroleum, Amerisur podcast, Sundry -Savannah-Providence Resources. And finally...

Oil price Ahead of tomorrow's 'Opec' meeting in Algeria hope springs eternal as bulls think a deal will be done. Even if a deal is apparently done that will only be part of it as previous deals have shown. Call me a cynical old sod but the agreement is only part of it, ...
West Europe | Tuesday, September 27, 2016
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