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Oil price, Sound Energy, Amerisur, Catch up-Hurricane-Lamprell-Faroe- And finally...

Oil price It's good to be back after an incredibly exciting, informative and whirlwind visit to Colombia which I will write up in more detailed reports in the next few days. Apart from todays news I shall attempt to make brief comments on this weeks events and will expect admonition for what I may have missed.
West Europe | Friday, September 23, 2016

Paramount Resources monetizes part of Seven Generations Energy shares, provides operational update

Paramount Resources Ltd. (TSX:POU) announces that it has monetized part of its holdings of 33.
North America | Friday, September 23, 2016

Teekay Offshore Partners awarded new North Sea shuttle tanker contracts

Teekay Offshore Partners L.P.
West Europe | Friday, September 23, 2016

BP in the Bight: why the planned oil spill response is too slow to protect the coast

Australia's offshore petroleum industry regulator is set to rule next week whether to grant oil giant BP's application to drill in the Great Australian Bight. But BP's environmental plan, released last week, suggests that the company's proposed plan for dealing with a blowout displays less urgency than would be expected in some other parts of the world.
Australasia | Friday, September 23, 2016

Carnarvon Petroleum announces discovery of gas and condensate at Roc-2

Carnarvon Petroleum Limited (ASX:CVN) provides the following update on wireline and testing operations as advised by the operator of the Roc-2 well, Quadrant Energy. Highlights within the Caley formation at Roc-2 Condensate rich gas samples extracted from the well at several locations 30 metres of net reservoir interpreted from wireline data 60 metres of gross gas and condensate charged sands intersected Excellent quality (100 to 350 mD) reservoir calculated from downhole sampling rates Forward plan to flow test the wellProgress Since the last report the full suite of wireline logs have been acquired, which have a higher resolution than the previously acquired Logging While Drilling ('LWD') logs, allowing for delineation of net and gross reservoir within the well.
Australasia | Friday, September 23, 2016

Don't be fooled by the numbers, Eagle Ford play is a sleeping giant

The Eagle Ford shale oil patch has seen brighter days. New well permits are down, production is low (down from its 2015 peak of 1.
North America | Friday, September 23, 2016

Baron Oil and SundaGas enter joint venture in Southeast Asia

Baron Oil PLC (AIM: BOIL) is pleased to announce that it has entered into a Joint Venture with SundaGas Pte Ltd, a Singapore-based company, to search for new business opportunities in Southeast Asia. SundaGas is a new exploration and production company, founded by Dr Andy Butler, formerly VP Business Development at Mitra Energy Inc.
Asia Far East | Friday, September 23, 2016

Sound Energy and PetroMaroc renegotiate terms for Siki Moktar acquisition

Sound Energy, the Mediterranean and African focused upstream company, reported in March 2016 that it had entered into a binding agreement with PetroMaroc Corporation Plc ('PetroMaroc') for the acquisition, subject to conditions precedent including regulatory approval, of a 50% operated interest in three onshore gas permits located in Morocco (together the 'Sidi Moktar Licences'). Since that date there have been a number of developments that have impacted that agreement, including the recent increase in the Company's share price.
North Africa | Friday, September 23, 2016

MX Oil announces half-year 2016 results

MX Oil plc, the AIM quoted oil and gas investing company, is pleased to announce its unaudited half-year results for the six-month period to 30 June 2016. Key points Aje Field, part of OML 113, commenced production in May 2016 Next phase of the Aje Field expansion being developed Over £7 million of new funding raised before expenses Repayment of loan notes to reduce gearing to a negligible level Strengthening of the management teamMX Oil's Chief Executive Officer Stefan Olivier said: 'With the Aje Field commencing production, the year to date has been an exciting period for the Company.
Africa | Friday, September 23, 2016

Aminex signs rig contract for Ntorya-2 appraisal well

Aminex is pleased to announce that it has executed a rig contract for the drilling of the Ntorya-2 appraisal well in the Ruvuma basin. The Caroil 2 drilling rig is currently on the Ntorya 1 well pad and preparations are underway to mobilize the rig and equipment to the Ntorya 2 pad, which is 1500m away.
Africa | Friday, September 23, 2016

OMV sells 49% minority stake in Gas Connect Austria

OMV, the international integrated oil and gas company based in Vienna, OMV Gas & Power GmbH (OGP) and the Consortium composed of Allianz, Europe ?s largest insurer, and Snam S.p.
East Europe | Friday, September 23, 2016

Tullow Oil confirms insurance cover following the failure of Jubilee turret

Tullow Oil is pleased to announce that Hull & Machinery insurance cover has been confirmed for the FPSO Kwame Nkrumah by its reinsurers following the failure of the turret bearing earlier this year. The Hull & Machinery policy, which is procured on behalf of the Joint Venture, covers relevant operating and capital costs associated with both current operating procedures at the FPSO and the long-term solution.
Africa | Friday, September 23, 2016

Polarcus awarded XArray project in Europe

Polarcus Limited (OSE: PLCS) is pleased to announce that the Company has received a letter of intent for another 3D marine seismic acquisition utilizing its innovative XArray multiple source acquisition method to deliver extremely efficient high quality broadband data. This latest XArray survey is the company's 8th so far and is located in Europe.
West Europe | Friday, September 23, 2016

Transerv Energy moves closer to completion of Xanadu-1 farm out

On 7 July 2016, Transerv Energy Ltd (TSV) announced the formation of a strategic alliance with Norwest Energy Ltd (NWE) to facilitate the farmout and drilling of the 160 million barrel Xanadu Prospect in TP/15. On 19 September, NWE announced that it has executed a term sheet with Triangle Energy (Global) Limited (Triangle) for Triangle to earn a 30% interest in TP/15 by paying 40% of the costs of the Xanadu-1 well.
Australasia | Friday, September 23, 2016

Schlumberger executes contract with PETRONAS for multiclient wide-azimuth deepwater seismic survey in the Campeche Basin

Schlumberger announced today that PETRONAS, through its wholly-owned subsidiary, PETRONAS (E&P) OVERSEAS VENTURES SDN. BHD.
North America | Friday, September 23, 2016

Gazprom discovers new field on Sea of Okhotsk shelf

In the course of geological exploration of the Kirinsky prospect in the Sea of Okhotsk, a prospecting and appraisal well was drilled in the Yuzhno-Lunskaya structure within the Sakhalin III project. As a result, a substantial gas and condensate inflow was reported, signaling the discovery of a new field.
Russia FSU | Friday, September 23, 2016

Alvopetro fails to encounter hydrocarbons at 256(A1) well, Brazil

Alvopetro Energy Ltd. (TSX-V:ALV) announces that we have completed drilling our 256(A1) well, located on Block 256 in the Recôncavo basin in the State of Bahia, Brazil.
South America | Thursday, September 22, 2016

Spectrum commences 1,800 km2 Multi Client 3D seismic survey offshore Norway

Spectrum commences an 1,800 km2 Multi Client 3D seismic survey offshore Norway in the Western Barents Sea. The new survey, designed based on interest from industry will tie and complement Spectrum's existing 3D surveys in the area.
West Europe | Thursday, September 22, 2016

CGG completes phase one processing for Davros multi-client survey in Northern Carnarvon Basin

CGG announced today that the final pre-stack depth-migrated data for Phase 1 of its Davros 3D BroadSeis and BroadSource multi-client survey in the Northern Carnarvon Basin on the North West Shelf of Western Australia is available now. With over 6,400 km2 already acquired, Davros is the largest multi-client seismic program ever to be acquired and processed by CGG in the Asia-Pacific region.
Australasia | Thursday, September 22, 2016

InterOil shareholders overwhelmingly approve ExxonMobil transaction

InterOil Corporation (NYSE: IOC; POMSoX: IOC) today announced that at a Special Meeting held today, its shareholders overwhelmingly voted to approve the transaction with Exxon Mobil Corporation (NYSE: XOM). Of the votes cast at the Special Meeting, more than 80 percent were in favor of the proposed transaction.
North America | Thursday, September 22, 2016

Why Europe is pivotal to LNG growth

Europe will play a pivotal role in the performance of LNG markets globally amid ongoing concerns over gas over-supply, reduced demand in some quarters and pressure on prices. The major question remains the extent to which Europe can absorb increased gas volumes as part of goals to de-carbonize economies, promote renewables, ensure pricing remain competitive, safeguard energy security and deliver diversity of supply.
West Europe | Thursday, September 22, 2016

Eni exceeds expectations at Baltim South West appraisal well, field potential upgraded to 1 trillion cubic feet

Eni upgraded the field potential of Baltim South West to 1 trillion cubic feet (Tcf) of gas in place, following the results of the appraisal well Baltim South West 2X, drilled immediately after the successful drilling of the discovery well Baltim South West 1X. The Baltim South West field is located in the conventional waters of the Nile Delta, in 25 meters of water depth, 12 Km from the coastline and just 10 Km from the Nooros field, discovered in July 2015 and is already in production.
Middle East | Thursday, September 22, 2016

Royale Energy begins drilling second Rio Vista well following success at CRC RVGU #8-1

Royale Energy, Inc. (OTCQB:ROYL) has begun drilling its second well, the CRC RVGU #8-2, in the Rio Vista field after finding over 100 ft.
North America | Thursday, September 22, 2016

Sempra Energy subsidiary receives approval for acquisition of PEMEX's interest in Gasoductos de Chihuahua joint venture

Sempra Energy (NYSE: SRE) today announced that its Mexican subsidiary, Infraestructura Energética Nova, S.A.
North America | Thursday, September 22, 2016

Templar Energy completes restructuring transaction

Templar Energy LLC and its affiliates announced today that it has closed a comprehensive restructuring transaction on a fully consensual out-of-court basis, having obtained consent from 100% of each of its second lien lenders, equity holders and first lien RBL lenders. The transaction results in the extinguishment of $1.
North America | Thursday, September 22, 2016

Granite Oil Corp. provides operational and guidance update

GRANITE OIL CORP. (TSX:GXO)(OTCQX:GXOCF) is pleased to provide an operational update and updated guidance for the remainder of 2016.
North America | Thursday, September 22, 2016

Canacol Energy doubles natural gas drilling activity in Colombia

Canacol Energy Ltd (TSX:CNE)(OTCQX:CNNEF)(BVC:CNEC) is pleased to provide a revised capital plan for 2016. The new capital plan accelerates the Corporation's natural gas opportunities in Colombia with three new gas wells.
South America | Thursday, September 22, 2016

Ring Energy provides update on three-well drilling program

Ring Energy, Inc. (NYSE MKT: REI) released today a preliminary update on their three well horizontal drilling program which began in early August on the Company's Central Basin Platform ('CBP') asset.
North America | Thursday, September 22, 2016

Alvopetro agrees to farm out 95% interest in Block 107, Brazil

Alvopetro Energy Ltd. (TSX-V:ALV) is pleased to announce that we have entered into a Farm-out Agreement with an independent third party whereby the Farmee will acquire a 95% participating interest in Block 107 from Alvopetro.
South America | Thursday, September 22, 2016

Does This Man Run The Best Natgas Company in North America?

Shares of natural gas producer Painted Pony have gone from $3-$9 this year-despite Canadian natgas prices trading as low as 65 cents/mcf this year! They are one of the lowest cost producers, and I think will show the largest percentage increase in both production per share and cash flow growth per share-and that's what the Market pays for! That's the kind of market out-performance I look for when choosing companies to present to my subscribers at our annual Subscriber Investment Summit. CEO Pat Ward presented in March in Toronto, and he will be presenting again on Tuesday October 11 at our annual Vancouver summit-you can register here: http://bit.
North America | Thursday, September 22, 2016

Petrofac awarded contract with Statoil

Petrofac Training Services has been awarded a significant contract for Training and Emergency Response Services with Statoil (U.K.
West Europe | Thursday, September 22, 2016

Eland Oil & Gas announces interim results for the first half of 2016

Eland Oil & Gas PLC (AIM: ELA), an oil & gas development and exploration company operating in West Africa with an initial focus on Nigeria, today announces its financial results for the six-month period to 30 June 2016. George Maxwell, CEO of Eland, commented: 'The first half of 2016 was successful for Eland, with operational success at the Opuama-3 well workover in OML40 testing at rates in excess of 10,500 barrels/day of oil, reserves additions reported in CPRs for both the Ubima marginal field and the Gbetiokun field, and an oversubscribed equity raise for $18.
Africa | Thursday, September 22, 2016

Gulf Keystone Petroleum announces half-year 2016 results

Gulf Keystone Petroleum, an independent oil and gas exploration and production group and operator of the Shaikan field in the Kurdistan Region of Iraq, announces its results for the six months ended 30 June 2016. Operational highlights Security situation and HSSE performance All operations in the Kurdistan Region of Iraq remain safe and secure with no significant HSSE incidents during the periodProduction and sales Strong production performance resulted in gross production of 6.
Middle East | Thursday, September 22, 2016

KazMunaiGas Exploration Production elects new Chairman

JSC KazMunaiGas Exploration Production held its regular Board of Directors meeting. During this meeting the Board elected a new Chairman and approved the total volume of crude oil to be directed domestically in 2016.
Russia FSU | Thursday, September 22, 2016

Hurricane Energy announces half-yearly results for 2016

Hurricane Energy plc, the UK-based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, announces the publication of its interim report and financial statements for the six months ended 30 June 2016. Operational highlights Commenced the Lancaster 7 Wells, two-well drilling programme in July 2016 Interim results from Pilot Well confirmed a significant oil column deeper than the 2C Case set out in Hurricane's CPR - Lancaster field likely to be significantly greater than the 200 million barrel 2C Case currently estimated Drilling of Horizontal Sidetrack Well now underway Progressed plans for EPS - base case increased to 62 million barrel development with life-of-field OPEX reducing to $26 per barrelFinancial highlights Raised £52.
West Europe | Thursday, September 22, 2016

Prospex Oil and Gas announces first-half 2016 interim results

Prospex Oil and Gas Plc, the AIM quoted investment company, announces its interim results for the sixth month period ended 30 June 2016. Highlights: Acquisition of 49% stake in Hutton Poland in line with strategy to invest in high impact onshore and shallow offshore European opportunities with short timelines to production Hutton Poland owns 100% of the 1,150 sq km Kolo Licence, onshore Poland which includes the drill-ready Boleslaw Prospect Competent Person's Report highlights Boleslaw's attractive economics: Gross best estimate of 87 bcsf US$44 million to US$95 million NPV range net to Prospex £5 million to £8.
East Europe | Thursday, September 22, 2016

Lamprell announces interim results for the first half of 2016

Financial highlights Ensco settlement reduced revenue by USD 25 million and net profit by USD 35 million Underlying performance, excluding the settlement with Ensco, is broadly in line with expectations Revenues of USD 451.3 million substantially higher than the comparative period last year owing to phasing of construction activity Net cash position in line with guidance owing to working capital movements ahead of multiple upcoming rig deliveries; cash position expected to strengthen in the coming months Gross margins 6.
West Europe | Thursday, September 22, 2016

Cue Energy Resources announces Sampang field life extension

Cue Energy Resources Ltd (ASX:CUE) is pleased to advise that as part of its strategy of delivering disciplined growth through attractive opportunities in Indonesia, and subject to final government approvals, the Sampang Joint Venture [Santos 45% (operator), Singapore Petroleum Company 40%, Cue 15%] has approved the SSP. This initiative will involve switching the Oyong and Wortel Fields to a gas only production system and ceasing uneconomic oil production.
Asia Far East | Thursday, September 22, 2016

Polarcus awarded broadband 3D project in Australasia

Polarcus Limited (OSE: PLCS) is pleased to announce that the Company has received a contract award for a broadband 3D marine seismic project in Australasia. The project is due to commence in Q4 2016 and will run for approximately one month.
Australasia | Thursday, September 22, 2016

Gazprom enters commercial production at Russia's northernmost active oil field

A ceremonial event marking the launch of the Vostochno-Messoyakhskoye field took place today. The event was attended by Alexey Miller, Chairman of the Gazprom Management Committee, Igor Sechin, Chief Executive Officer of Rosneft, and Alexander Dyukov, Chairman of the Gazprom Neft Management Board.
Russia FSU | Thursday, September 22, 2016

Repsol announces resignation of director

Mr. Isidro Fainé Casas, Propietary Outside Director appointed under a proposal of CaixaBank, S.
West Europe | Thursday, September 22, 2016

The Regulation of Commodity Markets: Part Four

The first article in this series provided an overview of the regulatory policy objectives of the G20 group of Finance Ministers and their aim to restore global growth, strengthen the international financial system and reform international financial institutions following the 2007/2009 banking crisis and subsequent recession. The second article considered the Dodd Frank Act, which is the US approach to meeting its G20 obligations.
West Europe | Wednesday, September 21, 2016

UK Oil & Gas Investments submits planning application for appraisal and development of Markwells Wood-1 oil discovery

UK Oil & Gas Investments PLC (LSE AIM/ISDX: UKOG) announces that a planning application has been submitted to the South Downs National Park Authority for the appraisal and development of the company's conventional Markwells Wood-1 ('MW-1') oil discovery, located near Rowlands Castle in West Sussex. UKOG owns a 100% interest in the Markwells Wood licence (PEDL126).
West Europe | Wednesday, September 21, 2016

Lilis Energy announces plans to spud first two Wolfcamp horizontal wells

Lilis Energy, Inc. (OTCQB: LLEX) today announced plans to spud its first two Wolfcamp horizontal wells in the Delaware Basin.
North America | Wednesday, September 21, 2016

Suncor Energy announces that first exploration well of Shelburne Basin is non-commercial

Suncor reports that it has been advised by the operator of the Shelburne Basin joint venture exploration project, Shell Canada Limited, that the drilling of the first exploration well has been completed and it is non-commercial. As a result, in the third quarter of 2016 Suncor will write off its share of the cost of the well which, under the commercial terms of Suncor's farm-in agreement, is expected to be approximately $105 million (after-tax).
North America | Wednesday, September 21, 2016

Velocys announces completion of construction at gas-to-liquids plant

Velocys plc (VLS.L), the company at the forefront of smaller scale gas-to-liquids (GTL), is pleased to announce that construction of ENVIA Energy's GTL plant in Oklahoma City is now complete.
North America | Wednesday, September 21, 2016

What really causes falling productivity growth - an energy-based explanation

What really causes falling productivity growth? The answer seems to be very much energy-related. Human labor by itself does not cause productivity growth.
North America | Wednesday, September 21, 2016

CNOOC commences production at Enping 18-1 oilfield

CNOOC Limited (SEHK: 00883, NYSE: CEO, TSX: CNU) today announced that the Enping 18-1 oilfield has commenced production. The Enping 18-1 oilfield is located in the Pearl River Mouth Basin of the South China Sea with an average water depth of approximately 90 meters.
Asia Far East | Wednesday, September 21, 2016

Frack Sand: The Unsung Hero Of The OPEC Oil War

The late-2014, Saudi-initiated oil-price war may have taken the 'boom' out of the US shale industry as it seriously threatened OPEC market share, but Saudi victory has been elusive: US shale has proven amazingly resilient. The industry has adapted quickly to the new playing field, and the unsung hero of a new uptick in drilling and investment isn't just true grit—it's sand.
North America | Wednesday, September 21, 2016

Velocys announces retirement of director

Velocys plc (VLS.L), the company at the forefront of smaller scale gas-to-liquids (GTL), announces the retirement from the Board of Dr Jan Verloop, effective immediately.
West Europe | Wednesday, September 21, 2016

JKX Oil & Gas provides operational update

Completion of updated Field Development Plans ('FDPs') for Ukraine and Russia and related independent evaluation of the Company's gas and condensate reserves at its Koshekhablskoye Field in Russia. The FDP for Ukraine identifies a technical solution to potentially unlock approximately 600 billion cubic feet of recoverable gas reserves previously considered uneconomic at the Rudenkivske gas field.
Russia FSU | Wednesday, September 21, 2016

Still significant interest in exploration in mature areas, says Norwegian Petroleum Directorate

When the application deadline for awards in pre-defined areas (APA) 2016 expired on 6 September, the authorities had received applications from 33 companies. 'It is very positive that so many companies still believe that more oil and gas can be discovered on the most mature parts of the shelf.
West Europe | Wednesday, September 21, 2016

Equatorial Guinea welcomes participation in oil and gas licensing round

A delegation of the Ministry of Mines and Hydrocarbons of Equatorial Guinea has arrived in Singapore to promote the oil and gas licensing round. During the CWC LNG & Gas Series: 8th Asia Pacific Summit, held September 20-23 at the Grand Hyatt in Singapore, the Ministry of Mines and Hydrocarbons welcomes companies to submit letters of interest.
Africa | Wednesday, September 21, 2016

Bellatrix Exploration announces $47 million sale of non-core asset

Bellatrix Exploration Ltd. (TSX, NYSE: BXE) is pleased to announce that it has entered into an agreement with InPlay Oil Corp.
North America | Tuesday, September 20, 2016

Cordy Oilfield Services announces new executive team

CORDY OILFIELD SERVICES INC. (the 'Corporation' or 'Cordy') (TSX VENTURE:CKK) is pleased to announce executive team changes as the Corporation continues to strengthen the organization and positions itself for future.
North America | Tuesday, September 20, 2016

Painted Pony Petroleum announces 30,000 boe/d production milestone

Painted Pony Petroleum Ltd. (TSX: PPY) is pleased to announce 180 MMcfe/d (30,000 boe/d) of production volumes were averaged over the previous five days, based on field estimates.
North America | Tuesday, September 20, 2016

MedcoEnergi and ConocoPhillips sign share sale and purchase agreement for South Natuna Sea Block B

PT Medco Energi Internasional Tbk has signed a share Sale and Purchase Agreement to acquire ConocoPhillips Indonesia Inc. Ltd.
Asia Far East | Tuesday, September 20, 2016

Crude Oil Prices at Risk of Another Fall This Week

Overview of Oil Prices: Last week was a bad week for crude oil prices, and this week does not seem to be any better. Oil prices fell sharply last week on various negative data and news.
North America | Tuesday, September 20, 2016

East Africa's oil export ambitions start to gel: Fuel for Thought

A recent flurry of progress on pipeline plans and field approvals in East Africa means Kenya is set to become the region's first oil exporter, beating its land-locked neighbor and regional rival Uganda to the punch. Under a deal struck with Tullow Oil last month, crude flows from Kenya's north western Lokichar basin to the port of Lamu on the Indian Ocean could begin by the middle of next year.
Africa | Tuesday, September 20, 2016

Norwegian Petroleum Directorate grants drilling permit to Lundin Norway

The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 7219/12-1, cf. Section 8 of the Resource Management Regulations.
West Europe | Tuesday, September 20, 2016

Sound Energy commences civil works at Badile exploration well site

Sound Energy, the European and African focused upstream company, is pleased to confirm the commencement of civil works at the Badile exploration well site, onshore Northern Italy. The rig is expected to be mobilised during Q4 2016 with a view to drilling commencing around the end of the year.
East Europe | Tuesday, September 20, 2016

Nighthawk Energy announces settlement of litigation

Nighthawk, the U.S.
North America | Tuesday, September 20, 2016

Norwegian Petroleum Directorate announces August 2016 production figures

Preliminary production figures for August 2016 show an average daily production of 1 929 000 barrels of oil, NGL and condensate, which is a decrease of 202 000 barrels per day (approx. 9.
West Europe | Tuesday, September 20, 2016

Expro awarded $30m production contract in India

International oilfield services company, Expro, has been awarded a contract worth over $30m with the Hindustan Oil Exploration Company (HOEC) for the Dirok gas field in India. The project will see Expro provide the design, engineering, construction, transportation, installation and commissioning of a Modular Gas Processing Plant (MGPP) which will fulfil the requirement of a fast-track Early Production System (EPS) as well as long-term operational goals.
Asia Far East | Tuesday, September 20, 2016

Andalas Energy and Power appoints non-executive director

Andalas Energy and Power Plc, the AIM listed Indonesian focused upstream oil and gas and power company (AIM: ADL), is pleased to announce the appointment of Dr Robert Arnott as Non-Executive Director with immediate effect. Dr Arnott is a pre-eminent figure in the international oil and gas industry and the Board is confident that he will be highly instrumental as the Company advances its strategy to become a leading Indonesian focused energy company.
West Europe | Tuesday, September 20, 2016

Highlands Natural Resources provides operational update on onshore US projects

Highlands Natural Resources, the London-listed natural resources company, is pleased to provide an operational update with regards to recent progress at its onshore U.S.
North America | Tuesday, September 20, 2016

Faroe Petroleum announces interim results for first half of 2016

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, announces its unaudited Interim Results for the six months ended 30 June 2016. Highlights Operations - significant Brasse discovery and acquisition of package of producing assets from DONG boost production, cash flow, reserves and resources Exploration programme delivers considerable increase in resources Faroe-operated Brasse oil and gas discovery (Faroe 50%) estimated at 43-80 mmboe in good reservoir located near Brage and Oseberg production facilities Kvalross exploration well (Faroe 40%) in Norwegian Barents Sea, announced as dry in February 2016 Further new exploration licence awards - six APA licences awarded in Norway in January 2016 and one licence option, located close to the producing Corrib field, awarded offshore Ireland in July 2016 Average first half production of 9,030 boepd from existing portfolio (H1 2015: 10,971 boepd) - decrease mainly due to planned suspension of Njord and Hyme in early June 2016 Average operating cost per boe approximately $25 (2015: $23) - increase primarily due to lower production resulting from Njord and Hyme suspension and higher tariff charges on Schooner and Ketch Acquisition of four producing fields in Norway from DONG adding 19.
West Europe | Tuesday, September 20, 2016

AWE announces independent certification of Waitsia 2P reserves 34% higher than estimate

AWE Limited (ASX: AWE) provides the following update of 2P Reserves and 2C Contingent Resources for the Waitsia gas field (50% owned, Operator) following receipt of an independent certification report. AWE appointed Perth-based RISC Operations Pty Ltd (RISC) to provide independent review and certification of Reserves and Contingent Resources for the Waitsia gas field, located in onshore Permit L1/L2, northern Perth Basin, Western Australia.
Australasia | Tuesday, September 20, 2016

Ikon Science RokDoc shortlisted for Energy Institute Technology Award

Ikon Science is delighted to announce that its revolutionary RokDoc Ji-Fi software has been shortlisted for a prestigious Energy Institute Award. RokDoc Ji-Fi, is a software system that uses analytic data from global and regional well trends to generate high fidelity geological models and subsurface rock properties from seismic data.
West Europe | Tuesday, September 20, 2016

Tethys Oil announces August production figures

Tethys' share of the production, before government take, from Blocks 3 and 4 onshore the Sultanate of Oman amounted in August 2016 to 387,174 barrels of oil, corresponding to 12,489 barrels of oil per day. Tethys Oil AB, through its wholly owned subsidiary Tethys Oil Block 3 and 4 Ltd, has a 30 per cent interest in Blocks 3 and 4.
Middle East | Monday, September 19, 2016

Cheniere Energy announces new executive leadership team

Cheniere Energy, Inc. (NYSE MKT: LNG) President and Chief Executive Officer Jack Fusco today announced his new executive leadership team.
North America | Monday, September 19, 2016

Statoil: Statfjord passing historic 5 billion barrels

On Monday 19 September minister of petroleum and energy Tord Lien together with Statoil, Centrica and ExxonMobil celebrated the 5 billion barrels of oil equivalent delivered by Statfjord since first oil in 1979. The minister got the honour of filling the barrel, which was decorated in golden colour for the occasion.
West Europe | Monday, September 19, 2016

Energy in a world of uncertainty

Political, environmental, international, and economic: the fast-moving macro factors that affect the oil and gas industry have created more volatility - and more data points that must be analyzed to make sense of it all. As Michael Schwartz at EKA explains, it's not just political operatives that have to understand the polls.
North America | Monday, September 19, 2016

Junex confirms strong production at Galt #4 well

Junex Inc. (TSX VENTURE:JNX) is pleased to announce that long-term oil production testing of its Galt No.
North America | Monday, September 19, 2016

Tethys Petroleum provides corporate updates

Tethys Petroleum Limited (TSX:TPL)(LSE:TPL) today announces a corporate update. Olisol Transaction As previously announced on September 2, 2016 the Company continues to work with Olisol to complete the private placement of 181,240,793 shares at C$0.
Russia FSU | Monday, September 19, 2016

Corridor Resources provides update on EL-1105 licence

Corridor Resources Inc. (TSX:CDH) announced today an update to its operations.
North America | Monday, September 19, 2016

A Sea Change In LNG

LNG technology evolved as a solution to the problem of transporting large quantities of gas over long distances. Developments in the market over the next five years are expected to have a significant impact on both the construction of LNG carriers and the primary LNG trading routes.
North America | Monday, September 19, 2016

Emirates National Oil Company announces Technip as main EPC Contractor for refinery expansion project

Emirates National Oil Company (ENOC) revealed plans to expand the capacity of its ENOC Processing Company (EPCL) Jebel Ali facility by 50 per cent. The expansion project comprises of three separate packages at an estimated value in excess of US$1billion.
Middle East | Monday, September 19, 2016

Carnarvon Petroleum provides Roc-2 update; wireline operations to be undertaken shortly

Carnarvon Petroleum Limited (ASX:CVN) provides the following update on drilling operations as advised by the operator of the Roc-2 well, Quadrant Energy. Progress Since the last report the well has been drilled down to a total depth of 5,290 metres measured depth and the rig is preparing to run wireline logging tools.
Australasia | Monday, September 19, 2016

Andes Energia announces 2016 half-year report

Andes (AIM: AEN; BCBA: AEN), the Latin American E&P group, announces its unaudited interim results for the six month period ending 30 June 2016. Operational Review Period highlights 6% increase in average daily production from 3,287* boepd in the first six months of 2015 to 3,481* boepd in the first six months of 2016 Average oil production of 2,322 bpd in Argentina; average net price received US$60.
South America | Monday, September 19, 2016

Jupiter Energy signs three year extension to Block 31 exploration period

Jupiter Energy Limited (AIM: 'JPRL', ASX: 'JPR' and KASE: 'AU_JPRL') is pleased to provide shareholders with the following Operations Update. Exploration Licence Extension: In late March 2016, the Company submitted a formal application to the Ministry of Energy for a 4 year extension (through to 20 December 2020) to the Exploration Period on Block 31.
Russia FSU | Monday, September 19, 2016

Argos Resources announces interim financial results for first-half 2016

Argos Resources Limited (AIM: ARG.L), the Falkland Islands based company focused on the North Falkland Basin, is pleased to announce its interim financial results for the six months ended 30 June 2016.
South America | Monday, September 19, 2016

Sound Energy reaches final casing point at Tendrara well

Sound Energy, the European and African focused upstream company, is pleased to announce that the second Tendrara well has now been drilled to the third and final casing point at a measured depth of 2623 metres and that operations have started to set and cement the 7' liner in the TAGI-I shale formation. The well is now approximately 10 metres from the target TAGI-I reservoir.
North Africa | Monday, September 19, 2016

Petrel Resources accept acreage coordinates for Tano Basin, Ghana

The directors of Petrel (AIM: PET) are pleased to advise shareholders that, further to our announcement of 7th September 2016, Petrel and its partners have been offered revised Tano Basin acreage coordinates by Ghanaian officials, which we have accepted in principle. Negotiations to formalise a revised Petroleum Agreement between the Company and Ghanaian officials will continue as agreement has yet to be reached on certain matters.
Africa | Monday, September 19, 2016

Andes Energia announces appointment of new director

The Board of Andes (AIM: AEN; BCBA: AEN) is pleased to announce the appointment to the Board of Sir Michael Rake as an independent non-executive director with effect from today. Sir Michael is Chairman of BT Group plc as well as Chairman of payments processing firm Worldpay Group plc, a director of S&P Global and Chairman of Majid Al Futtaim Holdings LLC.
West Europe | Monday, September 19, 2016

Ascent Resources announces interim half-year 2016 results

Ascent Resources plc, the AIM quoted European oil and gas exploration and production company is pleased to report its interim results for the six months ended 30 June 2016. Highlights: Raised £1.
West Europe | Monday, September 19, 2016

Santos appoints new Chief Financial Officer

Santos is pleased to announce the appointment of Mr Anthony Neilson as its new Chief Financial Officer. Mr Neilson is a Chartered Accountant with significant experience in the oil and gas sector within the United Kingdom, China, South East Asia and Australia.
Australasia | Monday, September 19, 2016

Baker Hughes announces weekly rig counts

Baker Hughes Incorporated has posted Weekly Rig Count reports to its Investor Relations website. BHI Rig Count: U.
North America | Monday, September 19, 2016

Amec Foster Wheeler announces director resignation

In accordance with Section 9.6.
West Europe | Friday, September 16, 2016

SacOil announces resignation of director

Shareholders are advised that Mr Steve Muller resigned as an independent non-executive director and as the chairman of the audit and risk committee of the Company on 15 September 2016 in order to pursue other business opportunities. Accordingly, ordinary resolutions 2.
West Europe | Friday, September 16, 2016

The US And China: Saudi Arabia's Big Picture Oil Strategy

THE above chart should tell you a great deal of what you need to know about Saudi Aramco's interest in buying the LyondellBasell Industries (LBI) refinery that's located in the Houston Ship Canal in the US: Between January 2007 and October of this year, the Eagle Ford shale-oil field in Texas will have seen the efficiency of oil output from reach of its rigs increase by 2,700% The Bakken field in North Dakota is meanwhile set to see its oil output per rig jump by 730%. The Permian basin, which is again in Texas, will see a 710% improvement with the Permian Basin offering a lot of potential for further innovation.
Middle East | Friday, September 16, 2016

TRC Companies appoints Chief Strategy Officer

TRC Companies, Inc. (NYSE: TRR) announced today that Jim Stephenson has been promoted to Chief Strategy Officer.
North America | Friday, September 16, 2016

RockPile Energy Services announces acquisition of American Well Service

RockPile Energy Services, LLC, a portfolio company of White Deer Energy, today announced the Company has acquired American Well Service LLP ('AWS'), a Kenmare, North Dakota based Workover Rig Company. Key Highlights: American Well Service is a 6 rig Workover business, which provides both 24 hour and 12 hour cleanout and well intervention service operations When added to RockPile's current 6 rig business, the Company will now have 12 Workover rigs servicing the Bakken with an operational presence in both the Northern and Southern portions of the basin American Well Service is an ideal fit with RockPile due to their reputation for high quality service delivery and a deep commitment to QHSE excellence Acquisition marks RockPile's first deal after being acquired by White Deer a week ago'We couldn't be more excited to welcome the American Well Service team to the RockPile family.
North America | Friday, September 16, 2016

Harvest Natural Resources announces stockholder approval for sale of Venezuela interests

Harvest Natural Resources, Inc. (NYSE: HNR) today announced that, at the Company's annual meeting held yesterday, the Company's stockholders authorized the sale of all of the Company's interests in Venezuela to CT Energy Holding SRL, a private investment firm (CT Energy), with more than 97% of the total number of shares voting on the proposal approving the transaction.
South America | Friday, September 16, 2016

Misen Energy announces August 2016 production and sales report

During August 2016, the Joint Activity (JA) led by Misen Energy AB (publ) produced a total of 54.3 million cubic meters (mmcm) of natural gas, 2.
West Europe | Friday, September 16, 2016

Range Resources Corporation closes merger with Memorial Resource Development

RANGE RESOURCES CORPORATION 'Range' (NYSE:RRC) and MEMORIAL RESOURCE DEVELOPMENT CORP. (NASDAQ:MRD) today announced the completion of the merger agreement under which Range will acquire all of the outstanding shares of common stock of MRD in an all-stock transaction valued at approximately $4.
North America | Friday, September 16, 2016

Volga Gas announces August 2016 production volumes

Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to announce its average production volumes for August 2016 and for the year to date. Average Group production for August 2016 was 7,081 barrels of oil equivalent per day (11.
Russia FSU | Friday, September 16, 2016