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OPEC cuts; shale positioned to grow with offshore continuing to be the victim

With the announced OPEC cut of 1.2 million bbl/d yesterday, Rystad Energy expects that global liquid production to remain at current levels into next year. At the same time, demand is expected to grow by around 1.3 million bbl/d. This means that the large amount of stored oil will decline considerab ...

Julia Weiss


Posted 1 day agoOpinion > OPECShaleOffshore +2

Oil price, Range Resources, Aminex/Solo, And finally...

Oil priceWhilst many commentators remain unconvinced, the oil price is tracking upwards and for the moment giving the deal the benefit of the doubt. A decent spin from the 1oth December non-Opec meeting should cement, at least for the time being the situation.Range ResourcesRange has announced that ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 day agoOpinion > oil priceRange ResourcesAminex +4

US Oil Sands Inc. Announces US$7.5 Million Financing and PR Spring Project Update

US Oil Sands Inc. ("US Oil Sands" or the "Company") (TSX VENTURE:USO), an innovator of oil extraction technologies, announces an update on corporate liquidity and the PR Spring Project (the "Project") construction, commissioning and start-up costs and timing. In summary, the Company is planning to d ...

Katie Woodward - OilVoice


Posted 1 day agoPress > US Oil SandsUnited StatesFinance +1

Chesapeake Energy Corporation Announces Changes To Board Of Directors

OKLAHOMA CITY, Dec. 2, 2016 /PRNewswire/ -- Chesapeake Energy Corporation (NYSE: CHK) announced today that Gloria R. Boyland has been appointed to the Board of Directors, effective as of November 30, 2016. Boyland will serve as a member of the Audit Committee and will stand for re-election at the 20 ...

Katie Woodward - OilVoice


Posted 1 day agoPress > Kimberley QuerreyGloria R. BoylandChesapeake Energy Corporation +2

Strata-x Energy: Long Form Farm-in Agreement Signed and First Tranche of Capital Raising Completed for Serowe CSG Project

DENVER, CO and BRISBANE, AUSTRALIA and VANCOUVER, BC--(Marketwired - December 04, 2016) - The directors and management of Strata-X Energy Ltd. ("Strata-X" or the "Company") (TSX VENTURE: SXE) (ASX: SXA) are pleased to announce the Company has entered into a legally binding long form farm-in agreemen ...

Katie Woodward - OilVoice


Posted 1 day agoPress > BotswanaStrata-X EnergyFarm In +3

Petroleum Geo-Services ASA: Settlement of 2013 RSU Program

A part of the 2013 Performance based Restricted Stock Unit ("PRSU") program settled on December 2, 2016. Employees in Petroleum Geo-Services ASA and subsidiaries ("PGS" or "the Company") have received a total number of 2 000 shares. Following the transaction, 2 000 shares will be transferred from th ...

Katie Woodward - OilVoice


Posted 1 day agoPress > Petroleum Geo-ServicesSettlementLegal +2

UK Oil & Gas Investments PLC: PEDL234 Licence, Drilling Plans & Oil in Place Update, Central Weald Basin, UK

HighlightsKimmeridge Oil & Gas Limited plans first-half 2017 Broadford Bridge-1 exploratory well to test naturally-fractured Kimmeridge Limestone reservoirs as proven at Horse Hill-1Within PEDL234, Nutech calculates a P50 Kimmeridge Clay Formation ("KCF") oil in place ("OIP") of 7.12 billion barrels ...

Katie Woodward - OilVoice


Posted 1 day agoPress > UK Oil & Gas InvestmentsUKOGPEDL234 +4

DNO Reports Payment for Tawke Deliveries

Oslo, 5 December 2016 - DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 36.20 million from the Kurdistan Regional Government as payment towards September crude oil deliveries to the export market from the Tawke field.The funds, to be shared pro-rata by DNO and partner Gene ...

Katie Woodward - OilVoice


Posted 1 day agoPress > DNO InternationalFinanceTawke +2

Hunter Oil Corp. Comments on Trading Activity

Hunter Oil Corp. (TSX-V: HOC; OTCQX: HOILF) (the "Company") at the request of the Investment Industry Regulatory Organization of Canada ("IIROC"), in response to the increase in the Company's share price in today's trading session, the Company confirms that it is not aware of any undisclosed materia ...

Katie Woodward - OilVoice


Posted 1 day agoPress > Hunter Oil Corp.CanadaTrading Activity

BP announces start of drilling on new carboniferous prospect in southern North Sea

BP today announced that drilling has commenced on a potential carboniferous gas play in southern North Sea block 43/26a that, if successful, could open up a new phase of development in the region. The well, being drilled with partners Perenco and Premier, will test the potential of a deep carbonifer ...

Katie Woodward - OilVoice


Posted 1 day agoPress > BPOperationsCarboniferous prospect +2

Solo Oil announces Tanzanian operations update

Solo is pleased to provide an operational update on activities in the Ruvuma Basin PSA and the Kiliwani North Development Licence operated by Aminex plc ("Aminex").Aminex confirms that an independent inspection of the Caroil#2 drilling rig has been completed and the Ntorya-2 ("NT-2") appraisal well ...

Katie Woodward - OilVoice


Posted 1 day agoPress > Solo OilTanzaniaKiliwani North Development Licence +1

Great Eastern Energy Corporation announces upgrade of reserves and resources at Raniganj (South) licence block

Great Eastern Energy Corporation Limited (LSE: GEEC), the fully integrated, leading Indian Coal Bed Methane (CBM) Company, is pleased to announce an upgrade in its reserves and resources at its Raniganj (South) license block, which has been provided by the independent reserve engineers, Advance Reso ...

Katie Woodward - OilVoice


Posted 1 day agoPress > Great Eastern EnergyRaniganj SouthReserves Audits +1

Texada Capital Management: Acquisition of Rights of Bengal Energy Ltd.

Pursuant to the early warning requirements of applicable Canadian securities laws, and in connection with the rights offering (the "Rights Offering") of Bengal Energy Ltd. ("Bengal" or the "Company") announced on November 23, 2016, Texada Capital Management Ltd. ("Texada"), a corporation controlled ...

Katie Woodward - OilVoice


Posted 1 day agoPress > TexadaBengal EnergyCanada

ExxonMobil Announces Tom Walters to Retire, Neil Duffin to be President of ExxonMobil Production Company; Liam Mallon to be President of ExxonMobil Development Company

IRVING, Texas--(BUSINESS WIRE)--Tom Walters, president, ExxonMobil Production Company, has announced his intention to retire after more than 38 years of service.Neil Duffin, currently president of ExxonMobil Development Company, has been appointed by the Exxon Mobil Corporation (NYSE:XOM) board of d ...

Katie Woodward - OilVoice


Posted 1 day agoPress > ExxonMobilUnited StatesPeople on the Move +3

Petrofac’s integrated approach secures North Sea contract extension

Petrofac is set to build on its provision of integrated support services on the Cygnus gas field following the award of a four and a half-year contract extension.The extension to December 2021 is worth in the region of US$70 million and includes the provision of enhanced construction services and pr ...

Katie Woodward - OilVoice


Posted 1 day agoPress > CygnusPetrofacNorth Sea +2

Cardinal Energy Ltd. Announces Appointment of New Officer and Confirms Monthly Dividend for December

CALGARY, ALBERTA--(Marketwired - Dec. 2, 2016) - Cardinal Energy Ltd. ("Cardinal") (TSX:CJ) is pleased to announce that Dale Orton, P. Eng. will join its management team in a Vice President capacity effective December 1, 2016. Mr. Orton has in excess of 20 years of experience in numerous aspects of ...

Katie Woodward - OilVoice


Posted 1 day agoPress > Dale OrtonCardinal EnergyPeople on the Move +2

Precision Drilling Corporation announces 2017 capital expenditure plan

Precision Drilling Corporation ("Precision" or the "Corporation") (TSX:PD) (NYSE:PDS) announced today that planned capital expenditures for 2017 are $109 million. The 2017 capital expenditure plan includes $51 million to upgrade existing rigs, expansion capital of $7 million, which is carried forwar ...

Katie Woodward - OilVoice


Posted 23 hours agoPress > Precision Drilling Corporation2017CAPEX +1

Genel Energy: Receipt of payment for KRI oil exports from Tawke field

Genel Energy plc notes the announcement from DNO ASA, as operator of the Tawke field, that the Tawke field partners have received a payment of $36.20 million from the KurdistanRegional Government for oil sales during September 2016.The payment reflects full settlement of the invoiced amount for Sept ...

Katie Woodward - OilVoice


Posted 1 day agoPress > Genel EnergyFinanceKurdistan Regional Government +2

Gulf Keystone Petroleum: Shaikan Payment Update

Gulf Keystone confirms today that a gross payment of $15.0 million has been received from the Kurdistan Regional Government for Shaikan crude oil export sales in September 2016.Gulf Keystone and the KRG's Ministry of Natural Resources continue to work towards agreeing the final form of the invoices ...

Katie Woodward - OilVoice


Posted 1 day agoPress > Gulf Keystone PetroleumFinanceKurdistan Regional Government +2

Technip and FMC Technologies Shareholders Approve Business Combination

HOUSTON & PARIS--(BUSINESS WIRE)--Regulatory News:FMC Technologies Inc. (NYSE: FTI) and Technip S.A. (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) (Euronext: TEC) announced that the companies’ respective shareholders voted today to approve the proposed business combination of Technip and FMC Technolog ...

Katie Woodward - OilVoice


Posted 23 hours agoPress > TechnipFMC TechnologiesBusiness Combination +2
Last fetch 12/6/2016 7:26:14 PM