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Oilfield service companies exposed to shale are the winners of OPEC cuts; offshore suppliers will struggle

Rystad Energy analysis shows that as much as 15 billion USD in increased spending will flow into the non-OPEC shale market in 2017. This incremental change comes after the announced OPEC decision to cut production by 1.2 million bbl/d.Non-OPEC shale well services are best positioned with an estimate ...

Julia Weiss


Posted 2 days agoPress > OPECOilfieldOffshore +3

Oil price, Shell, Plexus, EOG, Sundry-Faroe-Falcon-IOG- And finally...

Oil priceCrude oil has drifted back in the last couple of days, production is obstinately high, reports yesterday that Opec output in November was up to 34.2m b/d and that Russia was up to 11.2m b/d. Add to that news of first Saudi Arabia and then Kuwait cutting prices to Asian customers and one can ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 day agoOpinion > oil priceShellPlexus +4

Baker Hughes Announces November 2016 Rig Counts

HOUSTON--(BUSINESS WIRE)--Dec. 7, 2016-- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for November 2016 was 925, up 5 from the 920 counted in October 2016, and down 184 from the 1,109 counted in November 2015. The international offshore rig count for November ...

Katie Woodward - OilVoice


Posted 2 days agoPress > Baker HughesRig CountNovember 2016 +3

LGO Energy: BNP Paribas Bank Loan Repayment and Signing New Funding Agreement, Drilling Operations to Recommence at the Goudron Field

LGO is pleased to announce that agreements have been signed which will pay off the Company's entire remaining debt to BNP Paribas ("BNPP"), and put in place a new US$8.6 million Convertible Security Funding Agreement ("Funding Agreement") with an entity managed by the Lind Partners, LLC ("Lind"). Th ...

Katie Woodward - OilVoice


Posted 2 days agoPress > LGO EnergyBNP ParibasFinance +3

Plexus Holdings PLC: AGM Statement

Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, known for its safety, time and cost saving capabilities, will hold its Annual General Meeting ('AGM') today. At the AGM Jerome Jeffrey Th ...

Katie Woodward - OilVoice


Posted 1 day agoPress > Plexus HoldingsAGMUnited Kingdom

TransCanada To Proceed With $655 million Saddle West Natural Gas Project

CALGARY, ALBERTA--(Marketwired - Dec. 7, 2016) - News Release - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) announced today that its wholly-owned subsidiary, NOVA Gas Transmission Ltd. (NGTL), will move forward with an expansion of its NGTL System, the Saddle West Project, which will ...

Katie Woodward - OilVoice


Posted 2 days agoPress > TransCanadaSaddle WestCanada

Emerson Releases Major Updates to Seismic Reservoir Modelling and Simulation Software

STAVANGER, NORWAY (December 8, 2016) -- Emerson Automation Solutions has launched the latest version of its reservoir characterization and modeling software. Through a host of new features and greater workflow integration to support the Big Loop™ solution, Roxar RMS™ 10 provides improvements to the ...

Paul Fisher


Posted 1 day agoPress

Devon Energy Announces Resource Expansion in the Delaware Basin with Successful Leonard Shale Spacing Test

Devon Energy Corp. (NYSE: DVN) announced today an increase to its risked drilling inventory in the Delaware Basin following a successful Leonard Shale stacked spacing test in southeast New Mexico.The Thistle spacing pilot tested 400-foot vertical spacing between the Leonard Shale “B” and “C” interva ...

Katie Woodward - OilVoice


Posted 2 days agoPress > Devon EnergyDelaware BasinUnited States

Gulfport Energy Corporation Announces Agreement to Acquire 12,600 Net Undeveloped Dry Gas Utica Acres Located in Northern Monroe County, Ohio

OKLAHOMA CITY, Dec. 07, 2016 (GLOBE NEWSWIRE) -- Gulfport Energy Corporation (Nasdaq:GPOR) (“Gulfport” or the “Company”) today announced that the Company has entered into a definitive agreement with a third-party to acquire approximately 12,600 net undeveloped acres located in northern Monroe County ...

Katie Woodward - OilVoice


Posted 2 days agoPress > Gulfport EnergyAssetsUtica +2

Geokinetics to Acquire Geotrace Technologies Intellectual Property

HOUSTON, TX (December 8, 2016) – Geokinetics Inc., a provider of integrated seismic data acquisition, processing and reservoir analysis solutions is poised to acquire the intellectual property and legacy assets of Geotrace Technologies, a provider of seismic imaging and reservoir analysis services. ...

Louise Kinnersley - GEOKINETICS INC.


Posted 1 day agoPress > GeokineticsData ProcessingReservoir Analysis +1

ALL-ENERGY 2017 REACHES KEY MILESTONES

With over 70% of available space booked at All-Energy 2017 (Glasgow’s SECC, 10-11 May 2017) the UK’s largest renewable and low carbon energy exhibition and conference is in fine shape. Shepherd and Wedderburn has returned as Headline Sponsor of the two-day event; and abstracts are coming in thick an ...

Judith Patten


Posted 1 day agoPress > Renewable EnergyCCSGlasgow

Gulf Keystone Petroleum: Results of 2016 Annual General Meetng

The Board of Gulf Keystone announces that all the resolutions proposed at the Company's Annual General Meeting ("AGM") held today at 12.00 noon (local time) in Dublin, were duly passed by shareholders.After receiving feedback from key stakeholders in the Company, Resolutions 9 and 10  were   amended ...

Katie Woodward - OilVoice


Posted 1 day agoPress > Gulf Keystone PetroleumAGMIreland

PDC Energy Closes Core Delaware Basin Acquisition

PDC Energy, Inc. (Nasdaq:PDCE) today announced that the Company closed the previously announced Delaware Basin acquisition.Acquisition HighlightsClosing price of approximately $1.5 billion, subject to certain post-closing adjustments.Approximately 57,000 net acres in Reeves and Culberson Counties, T ...

Katie Woodward - OilVoice


Posted 2 days agoPress > PDC EnergyDelaware BasinAcquisition +2

Nostra Terra receives $600,000 additional cash for sale of Chisholm Trail Prospect

Nostra Terra (AIM: NTOG), the oil and gas exploration and production company with a portfolio of assets in the USA and Egypt, is pleased to announce an increase of US$600,000 cash for the sale of its interest in the Chisholm Trail Prospect, which was initially announced in June 2016. Nostra Terra ha ...

Katie Woodward - OilVoice


Posted 1 day agoPress > Nostra Terra Oil & GasFinanceChisholm Trail Prospect +1

Independent Oil and Gas announces extension of Blythe licence

Independent Oil and Gas plc, the development and production focused Oil and Gas Company, is pleased to announce that following discussions with the UK Oil & Gas Authority, the licence for Blocks 48/22b and 48/23a in the Southern North Sea containing the Blythe gas discovery (P1736) has been formally ...

Katie Woodward - OilVoice


Posted 1 day agoPress > Independent Oil and GasBlytheNorth Sea +1

Polarcus: Q4 and full-year 2016 update

Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) updates its guidance relative to multi-client prefunding estimated for the full year 2016.  Based on preliminary numbers, the Company expects to report a prefunding level of 120% for the full year 2016, down from previously guided 150%. The ...

Katie Woodward - OilVoice


Posted 2 days agoPress > PolarcusQ4162016 +2

LEKOIL: Otakikpo Production Update, Oil flows to storage tanks ahead of evacuation by shuttle tanker

LEKOIL (AIM: LEK), the oil and gas exploration and development company with a focus on West Africa, is pleased to announce that oil is flowing at the Otakikpo Marginal Field to onshore storage tanks, where it will be evacuated upon completion of the offshore pipeline.  All onshore facilities have be ...

Katie Woodward - OilVoice


Posted 1 day agoPress > LEKOILOtakikpoProduction +1

International Western Petroleum Acquires 3D Seismic Acreage in the Prolific King County of Texas

IRVING, TX--(Marketwired - Dec 7, 2016) - International Western Petroleum, Inc. (OTCQB: INWP), a Texas-based E&P company specializing in the acquisition, development, and exploration of crude oil and natural gas properties, announced today that it has acquired a 3D Seismic 350-acre leasehold in King ...

Katie Woodward - OilVoice


Posted 2 days agoPress > International Western PetroleumAcquisition3D Seismic +2

Pine Cliff Energy Ltd. Announces Closing of $31.4 Million Disposition of Non-Core Oil Assets

Pine Cliff Energy Ltd. ("Pine Cliff" or the "Company") (TSX:PNE) is pleased to announce that it has closed its previously announced disposition of non-core oil assets for $31.4 million, prior to any closing adjustments, consisting of $26.6 million in cash and $4.8 million in TSX-listed common shares ...

Katie Woodward - OilVoice


Posted 2 days agoPress > Pine Cliff EnegyDispositionAssets +1

Europa Oil & Gas plc Annual General Meeting Statement

Europa Oil & Gas (Holdings) plc, the AIM quoted UK and Ireland-focussed oil and gas exploration and production company, is holding its Annual General Meeting (‘AGM’) later today.  At the meeting, CEO Hugh Mackay will make the following statement:“Against a backdrop of low oil prices, 2016 saw excell ...

Katie Woodward - OilVoice


Posted 1 day agoPress > Europa Oil & GasAGMUnited Kingdom
Last fetch 12/9/2016 9:07:25 PM