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Tuesday, August 23, 2016

Rex Energy announces closing of Illinois Basin asset sale

Rex Energy Corporation (Nasdaq:REXX) announced today that it has closed on the previously announced sale of its Illinois Basin assets to Campbell Development Group, LLC. The sale of the Illinois Basin assets includes approximately 76,000 net acres in Illinois, Indiana a ...
North America | Tuesday, August 23, 2016

The Case for Offshore Steam

When we talk to folk in the industry, about our plans to steam the Pilot, Elke & Narwhal fields in the middle of the Central North Sea, sometimes we get a pretty sceptical reaction, sometimes we don't. I prefer it when we get to talk positively about the potential of s ...
West Europe | Tuesday, August 23, 2016

Jersey Oil and Gas announces farm-out of Seaward Licence P.2170 to Statoil

Jersey Oil & Gas (AIM: JOG), an independent upstream oil and gas company ?focused on the UK Continental Shelf region of the North Sea, is pleased to announce that alongside its co-venturer, CIECO Exploration and Production (UK) Limited it has entered into a binding, con ...
West Europe | Tuesday, August 23, 2016

Tethys Petroleum announces par value reduction and corporate update

Tethys Petroleum Limited (TSX:TPL)(LSE:TPL) today announces a corporate update. Par Value Reduction The Grand Court in the Cayman Islands has approved a motion by Tethys Petroleum to reduce the par value of the Company's ordinary shares to USD 0.01. Accordingly, the C ...
West Europe | Tuesday, August 23, 2016

Malcy's Flash Blog: FAR Limited/Cairn

Far Limited/Cairn Briefly this morning I notice that things are moving on apace in Senegal with an announcement by Far. They have increased their contingent resource number by 14% to 641m barrels and say that the field 'has the credentials to support a potential develo ...
Africa | Tuesday, August 23, 2016

Cape plc announces unaudited half-year 2016 results

Cape plc, an international leader in the provision of critical industrial services to the energy and natural resources sectors, announces its unaudited half-year results for the period ended 3 July 2016. Operating Highlights A strong revenue performance, driven by Asia ...
West Europe | Tuesday, August 23, 2016

FAR provides update on proposed conditional sale of ConocoPhillips interest in Senegal

As duly reported in prior public statements by ConocoPhillips and Woodside, ConocoPhillips has confirmed to FAR Ltd (ASX:FAR) that it has a right of pre-emption over the proposed sale of ConocoPhillips interests in Senegal to Woodside Petroleum Limited. FAR advises tha ...
Africa | Tuesday, August 23, 2016

Cue Energy Resources announces results for the year ended 30 June 2016

Cue Energy Resources Ltd (ASX: CUE) had mixed results in the year ended 30 June 2016. The Company achieved significant growth in production and revenues that enabled gross profit to grow by 10% to $25.76 million. However the Company's cash balance declined for a third c ...
Australasia | Tuesday, August 23, 2016

Senex Energy announces full-year results

Senex Energy Limited (ASX:SXY, Senex) has today announced its 2016 full year results, which demonstrate a strong defensive response to volatile market conditions, and material progress on strategic growth projects. Key points FY16: Record safety performance, with Total ...
Australasia | Tuesday, August 23, 2016

FAR announces material 14% increase in SNE field contingent recoverable oil resources

Material SNE contingent resource upgrade 2C contingent oil resources contained in the SNE field offshore Senegal have increased by 14% to 641 mmbbls (100% basis, recoverable, unrisked). A new, updated Independent Resources Report for FAR Ltd (ASX: FAR) on the SNE oil ...
Africa | Tuesday, August 23, 2016

Monday, August 22, 2016

Manitok Energy and Raimount Energy complete plan of arrangement

Manitok Energy Inc. (TSX VENTURE:MEI) and Raimount Energy Inc. (TSX VENTURE:RMT) are pleased to announce that the previously announced plan of arrangement under the Business Corporations Act (Alberta) involving Manitok, Raimount, the holders of common shares of Raimount ...
North America | Monday, August 22, 2016

Oil price, Egdon Resources, Europa Oil & Gas, Bowleven, And finally...

Oil price Going, going, gone as the Brent price over 50 bucks went over the top in early trading this morning. I am also reminded that having not taken out the $52.51 resistance that even the chartists see a bit of a wobble. As for the non-chartists, they cant believe ...
West Europe | Monday, August 22, 2016

Monetization options for emerging and future gas producers (LNG-CNG-Downstream options)

The recent years many emerging gas producers are examining their options regarding the most beneficial monetization options or a combination of them for their vast gas reserves. Some emerging gas producers are Cyprus and Israel (already produces gas from the Tamar gas f ...
West Europe | Monday, August 22, 2016

Opportune Time for Africa Oil & Gas Industry to Consider Change: PwC Oil & Gas Review

The decline in the global oil price has led to a reduced level of activity across the African continent and had an impact on countries that traditionally depend on oil & gas revenue. Despite the bleak landscape, the African continent still offers significant opportuniti ...
Africa | Monday, August 22, 2016

Egdon Resources acquires additional 20% interest in PEDL068

Egdon Resources plc (AIM:EDR) is pleased to announce that it has reached agreement to acquire an additional 20% interest in Petroleum Exploration and Production Licence PEDL068 from DESS Energy Limited ('DESS') bringing our total interest to 68%. Egdon is operator of PE ...
West Europe | Monday, August 22, 2016

Seadrill announces cancellation of West Pegasus drilling contract

Seadrill Limited has received a notice of termination from Pemex Exploracion y Servicios for the West Pegasus drilling contract effective 16 August 2016. Seadrill has disputed the grounds for termination and is reviewing its legal options. During the second quarter of ...
North America | Monday, August 22, 2016
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