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While other commodities are floundering or completely collapsing in this market, lithium—the critical mineral in the emerging battery gigafactory war—is poised to explode, and going forward Nevada is emerging as the front line in this pending American lithium boom. Most of the world's lithium comes from Argentina, Chile, Bolivia, Australia and China, but American resources being developed by new entrants into this market have set up the state of Nevada to become the key venue and proving ground for game-changing trade in this everyday mineral.
Royale Energy, Inc. (NASDAQ:ROYL) today announced that it has reached an agreement, with a major independent exploration and production company, to develop 1,300 acres in the Sacramento Basin Grimes Field.
Following the completion of the Ripiano transaction in April 2015, whereby Petrogrand acquired an indirect 49% interest in three oil producing fields in the Komi region of Russia, Petrogrand's new management team has finalized the forward heading operational plan for maximizing the value of all Ripiano's production fields. Since the acquisition of the Komi assets, the production has through implementation of production enhancement techniques increased from 1,516 barrels of oil per day ('bopd') in April to 1,883 in August, corresponding to an increase of 24%.
Condor Petroleum Inc. (TSX:CPI) has reached a total depth of 3,992 meters on the KN-501 Primary Basin well located on the Company's 100% owned Zharkamys West 1 Territory in Kazakhstan.
Supernova Energy Inc. (OTC PINK: SPRN) is pleased to provide a corporate update.
Sintana Energy Inc. (TSX VENTURE:SEI) is pleased to report that the Manati Blanco-1 exploration well, located on Colombia Block VMM-37, has been successfully drilled and cased through multiple tight oil formations to a measured depth of approximately 14,500'.
Resolute Energy Corporation (NYSE: REN) announced today that it has closed the sale of its Hilight Field assets in the Powder River Basin to a private party for a purchase price of $55 million. The transaction has an effective date of July 1, 2015.
MEG Energy Corp. (TSX: MEG) announced today the appointment of Diana McQueen to its board of directors.
THERE are few other genuine long-term bright spots in the US economy other than shale oil and shale gas unless you are at the very top of the economic pile and so view cloud computing, social media and internet search engines as equivalent to 'Morning in America' again. Cloud computing, social media and internet search engines don't create enough middle class average-income jobs, and it is more of these jobs that the US is going to desperately need as it struggles to deal with a new global recession/depression.
On Thursday 8 October at 8.30 a.
Evaluate Energy's new report 'Q3 2015 Oil & Gas M&A Slides to $18.2 Billion' shows that the total value of upstream oil and gas deals reached $18.
Encana Corporation (TSX: ECA)(NYSE: ECA) announced today that its wholly-owned subsidiary, Encana Oil & Gas (USA) Inc., has reached an agreement to sell its Denver Julesburg (DJ) Basin assets in Colorado to a new entity 95 percent owned by Canada Pension Plan Investment Board and 5 percent by The Broe Group.
Lion Energy Limited (ASX: LIO) is pleased to report contingent resources for the Lofin Field. The estimates confirm a significant gas/ condensate discovery in the Seram Non-Bula Block PSC, located in eastern Indonesia, in which Lion has a 2.
AGL Energy Limited today announced that it has secured long term gas storage rights utilising the Iona Gas Storage Facility. EnergyAustralia commenced a sale process for the Iona Gas Storage Facility in June 2015.
Tanjung Enim PSC Core Well TE-007C And TE-009C Successfully Drilled To The Targeted Depth Logs and Core Confirmed Total Coal Seams Thickness of 49 Metres Lab Tests Results Show Gas Content Circa 80 -110 scf/ton Rengat PSC Exploratory Well RE-CBM-01CE Reached Targeted Depth RE-CBM-01CE Has Been Cased And Cemented to 495 Metres Socialization Program Underway To Spud Second Exploratory Well NuEnergy Gas Limited (ASX: NGY) is pleased to provide an update on the drilling progress of Tanjung Enim Production Sharing Contract tenement in South Sumatra, Indonesia and Rengat PSC tenement in Central Sumatra, Indonesia. Tanjung Enim PSC Core Well TE-007C and TE-009C have been successfully drilled to the Target Depth.
Cooper Basin focused oil & gas development company Real Energy Corporation Limited (ASX:RLE) announces that Mr Michael Mager has resigned as a director effective immediately. Real Energy appreciates Mr Mager's contribution to the company and wishes him the best for the future.
Getting more from less approach is very obvious in the football world, where an astute manager can create a team with a low budget that can upset the giants of the game. Similarly an astute oilfield manager can deliver substantial returns from a producing field with only a limited budget.
Oil price A slightly quieter day in the oil markets with the EIA inventory stats just taking the edge off the recent rally. Analysts had been expecting a build, even after the API report of a modest draw and so seeing stocks up by 3.
Circle Oil plc (AIM:COP) the international oil and gas exploration, development and production company advises that Mark Eric Williams (42) has been appointed to the Board of Directors as the nominee of KGL Investment Group, following the resignation of Mohamad Sultan. Mark is the Chief Executive Officer of KGL Investment Asia, part of the Kuwait based KGL Investment Group, a Kuwait based investment house, which he joined in 2007.
Frontera Resources Corporation (London Stock Exchange, AIM Market - Symbol: FRR), an independent oil and gas exploration and production company, today provided an announcement of a significant upgrade to gas resources associated with its ongoing exploration and production efforts in the country of Georgia. The Company recently announced that it had continued to advance its natural gas focus within its eastern Georgia holdings by combining the technical focus of its Mtsare Kheve Gas Complex and Taribani Field Complex into one integrated 2,000 square kilometer geologic unit called the South Kakheti Gas Complex.
The Board of Pantheon Resources plc, the AIM-quoted oil and gas exploration company with a 50% working interest in several projects in Tyler and Polk Counties, onshore East Texas, is pleased to provide the following operational update: Commencement of flow testing operations at VOBM#1 well, Polk County, onshore East Texas Pantheon confirms that the JV has commenced flow testing operations at the VOBM#1 well. These operations commenced slightly later than originally anticipated owing to logistical issues including weather and the availability of an appropriate high-pressure wellhead.
Libya No unity government agreement has been reached. Last week, a day prior to the deadline, General Hafta, military commander in the Tobruk based government, ordered a new offensive in Benghazi against Islamic militants.
In line with AWE's succession planning strategy, the Managing Director and Chief Executive Officer, Mr Bruce Clement, will step down during 2016 after five and a half years in the role. The company has commenced a search for a new CEO, while continuing to focus on delivery of its growth projects.
On behalf of the Johan Sverdrup licence, Statoil is today awarding contracts for two Johan Sverdrup jackets to Kvaerner Verdal and Dragados Offshore S.A.
Tullow Oil plc is pleased to announce that it has reached agreement with the Government of Gabon over its licences in the Onal Complex Fields. Following negotiations, Tullow has regained its 7.
| Thursday, October 8, 2015
Cathedral Energy Services Ltd. (TSX: CET) is pleased to announce that Cathedral's Board of Directors have appointed Dale E.
Petrogrand and Shelton Petroleum have entered into an agreement to form a combined and enlarged oil group with Russian oil assets exclusively Shelton Petroleum will according to the agreement issue 17,500,000 B shares for a contribution by Petrogrand of (i) its 49% ownership in its oil assets in Komi and (ii) USD 4 million of cash The combined license portfolio will consist of Shelton Petroleum's assets in Bashkiria and Petrogrand's assets in Komi, with a net production of about 1,350 barrels of oil per day and 32 million barrels of 2P oil reserves Petrogrand and Shelton Petroleum have approximately 10,000 shareholders The new board of directors and management of the combined entity will hold representatives of both Shelton Petroleum and Petrogrand Shelton Petroleum's oil assets in Ukraine will be spun-off to existing shareholders and will not be part of the new joint entity Petrogrand's shareholders will receive 0.55 Shelton Petroleum shares for each existing Petrogrand share After the transaction, Petrogrand plans to shift its focus to new business ventures within real estate The proposed business combination puts an end to the cross-ownership between Petrogrand and Shelton Petroleum that has been criticized by the Securities Council The agreement is conditional upon the approval at the extraordinary general meetings of both companies Petrogrand and Shelton Petroleum are currently subject to a review by the Disciplinary Committee of Nasdaq StockholmPetrogrand AB (PETRO, Nasdaq First North Stockholm) and Shelton Petroleum AB (SHEL B, Nasdaq Stockholm) have entered into an agreement (i) to form a new combined and enlarged oil group with exclusively Russian oil assets and (ii) to dissolve the cross-ownership between the two companies.
Black Stallion Oil & Gas, Inc. (OTCQB:BLKG) has acquired the remaining 50% Working Interest (WI) in the 12,233-acre Woodrow Prospect in Teton county, northwest Montana, within the Alberta Basin Bakken fairway.
OECD oil inventories have never been higher. They were 2.
Freeport-McMoRan Inc. (NYSE: FCX) announced today that it has entered into an agreement with Carl C.
Bankers Petroleum Ltd. (TSX: BNK, AIM: BNK) is pleased to announce the Company's third quarter operational update.
Vulcan® Systems, a division of Worldwide Recycling Equipment Sales, LLC, and leading innovator and supplier of drying, calcining, and thermal desorption equipment, is proud to announce Preston Whitney has joined our company as the new Vice President of Business Development. Preston joins Vulcan® Systems to support our continued accelerated growth and expansion in our core markets and to identify, develop, and drive our expansion into new markets.
Over the last decade, the United States has firmly established itself as the world's largest natural gas producer. This significance of this is difficult to overstate, as less than a decade ago growing natural gas demand and declining production was putting the US on course to import significant amounts of gas from abroad.
Global oil supply and demand fundamentals moved in the right direction in September but surplus inventory will keep oil prices low for some time to come. EIA's September 2015 STEO (Short Term Energy Outlook) reported lower world liquids production and higher consumption but out-sized inventories remain a major obstacle to near-term oil-price recovery.
Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for September 2015 was 1,140, up 3 from the 1,137 counted in August 2015, and down 183 from the 1,323 counted in September 2014. The international offshore rig count for September 2015 was 268, down 2 from the 270 counted in August 2015, and down 65 from the 333 counted in September 2014.
Bell Geospace, leaders in full tensor gravity gradiometry data acquisition, are pleased to announce that they have been awarded a contract to acquire approximately 2,396 linear km of airborne survey data over the Kirkland Lake area, Ontario, Canada. The project is intended to map rock density variations that are associated with changes in geologic structures in support of gold exploration.
Independent Resources and Nostra Terra, which are both party to a 50:50 JV with the express purpose to acquire E&P assets in North Africa, have agreed to acquire TransGlobe's East Ghazalat concession in Egypt. TGA holds a 50% working interest in East Ghazalat, for which the JV is to pay $3.
Urals Energy PCL (AIM: UEN), the independent exploration and production company with operations in Russia, is pleased to announce that, following the payment of a royalty of RR27.5 million to the Russian regulatory authorities, the Company has been granted an additional license by the Russian regulatory authorities that has expanded the boundaries of its license area at Arcticneft by an additional 48.
Tethys Petroleum Limited (TSX:TPL)(LSE:TPL) announces that it has received a non-binding letter of intent from AGR Energy Holdings Limited in connection with a potential US$20 million equity fundraising at a price of C$0.165 per share and potential US$5 million loan to support short-term liquidity.
ProSep, the oil, gas and produced water treatment specialist, has announced an internal restructure and strategic reorganization as the company seeks to strengthen its position amidst ongoing industry challenges. As part of the reorganization Patrick McCarthy, who was appointed to the board of directors 12 months ago, will assume the role of chief executive officer.
Tethys Petroleum Limited (TSX:TPL)(LSE:TPL) announces that Nostrum Oil & Gas PLC has withdrawn its proposed offer that was previously announced on September 23, 2015 to acquire the entire issued share capital of Tethys together with a proposed US$20 million interim funding transaction. Tethys and Nostrum have worked together to negotiate legally binding agreements implementing the Proposed Transaction during the exclusivity period that began on September 23, 2015 and expired at 11:59 p.
A very quick flash blog today, there is little company news but some interesting things going on in the oil market. One swallow does not a summer make but I am beginning to sense a more positive mood in the oil market although make no mistake in the short term fundamentals remain poor.
Bowleven, the Africa focused oil and gas exploration group traded on AIM, is pleased to announce the appointment of William ('Billy') MacDonald Allan as Non-Executive Director and Chairman Designate with effect from today. Billy will also join the Company's audit, nomination and remuneration committees.
Wood Group has been awarded a multi-million dollar contract by Bechtel to provide an automation solution consisting of detailed engineering, control hardware and remote instrument enclosures (RIEs) for Tengizchevroil's (TCO's) Crude Storage Capacity Project at the Tengiz Field in Kazakhstan. The project will increase capacity of the tank farm to accommodate the upgrading of the existing tank farm.
AWE Limited (ASX: AWE), Operator of the L1/L2 joint venture, today announced it had commenced the flow testing program for the Waitsia-1 well to further appraise the conventional Waitsia gas discovery in the onshore Perth Basin, Western Australia. The testing program is designed to determine well deliverability from two conventional reservoir zones and to collect gas samples for compositional analysis.
Shell is planning for a longer period of low oil prices. But in the longer term, argues Ben van Beurden, there will be no change to fundamental drivers such as rising demand and the need for new supplies.
Pétrolia Inc. (TSX VENTURE:PEA) is pleased to announce that it has obtained a completion permit which will allow it to carry out the cleaning of the well at Haldimand 4 and to start the long term production test.
It was June 2014 when the oil and gas industry started to experience a downward market. Oil prices fell sharply to around $70 per barrel by November 2014, and this marked an end to a four-year period of price stability above $100 per barrel.
Oceaneering International, Inc. (NYSE: OII) announced that Marvin J.
Penn Virginia Corporation (NYSE:PVA) today announced that it has sold certain non-core South Texas assets to an undisclosed buyer for gross cash proceeds of $13 million. The divested properties are located in far southwest Gonzales County, Texas, a significant distance away from our main acreage block, and include three producing wells with September 2015 net production of approximately 250 barrels of oil equivalent (BOE) per day, approximately 950 net developed acres and estimated mid-year 2015 proved developed reserves, as determined by third party engineers, of approximately 595,000 BOE.
Oil price A good day for the oil price as news from Russia and China helped crude continue to consolidate at these levels. The Russian move was on two fronts, firstly as it agreed to meet other major producers 'if asked' and also as it has a scheduled meeting with the Saudis later this month.
Mosman Oil and Gas Limited (AIM: MSMN) the New Zealand and Australia focussed oil exploration and development company, is pleased to provide an update on the proposed South Taranaki Energy Project acquisition, having concluded the following important contractual milestones: Origin Energy Limited has confirmed that it is satisfied that Mosman has provided it with reasonable financial assurance and accepted Mosman's financial capacity and, as a result, the STEP Acquisition is now formally proceeding. In addition, a new participation agreement has been signed and executed with High Peak Royalties Ltd (ASX: HPR) for HPR's acquisition of a 30% interest in the STEP Acquisition.
The original Selemo lateral production pod recently had two new lateral pods drilled either side of it to assist with dewatering and ultimately enhance gas deliverability. Following the successful drilling program, each new vertical production well was completed with down-hole equipment to enable water level reduction and allow the gas to begin to be liberated from the coal.
| Tuesday, October 6, 2015
Fugro (Mexico) in conjunction with long-time associates, Diavaz, has been awarded an extension of the ongoing offshore geophysical and geotechnical campaign by the Mexican national oil company, PEMEX. Geotechnical field operations, laboratory testing and Geoconsulting activities will support exploration drilling activities in the Bay of Campeche and deepwater locations in the Perdido area.
In terms of western Canadian provinces, oil production in Manitoba is undoubtedly a much smaller case study than production in Alberta, British Columbia or neighbouring Saskatchewan. All of the province's active wells as of August 31, 2015, are located in a small triangle of acreage located deep in Manitoba's southwest corner on the border with Saskatchewan to the west and the United States to the south.
Beach Energy Limited (ASX: BPT) announces the commencement of its FY16 operated drilling campaign, with spudding of the Maroochydore-1 exploration well in ATP 924 (Beach farming-in to a 45% interest with Drillsearch Energy Ltd). Maroochydore-1, located approximately 250 kilometres north-east of Moomba, will target Jurassic oil in the Hutton Sandstone.
New World Oil and Gas Plc, an oil and gas operating company, announces an update with regards to its Blue Creek Project in Belize. The Company previously reported the date by which the Blue Creek Production Sharing Agreement will terminate, unless an additional well is spudded before that time, or unless extended by agreement with the Belize Government, as being 12 October 2015.
On 21 September 2015 IRG announced the intention to establish a strategic joint venture company owned 50-50 with Nostra Terra Oil & Gas Company plc focused on the acquisition of producing assets in the North Africa region. IRG and Nostra Terra are pleased to announce that it has reached agreement with TransGlobe Energy Corporation for the acquisition by JVCO of a 50 per cent non-company operated interest in the East Ghazalat concession in Egypt from TransGlobe for a headline consideration of US$3.
Intertek, a leading quality solutions provider to industries worldwide, has won a third party inspection procurement contract for the South Oil Company in Iraq, a national Iraqi company responsible for all the oil and gas projects in southern Iraq. The multi-year agreement was recently signed.
President announces that it has entered into a sale and purchase agreement through its wholly owned subsidiary President Energy Paraguay S.A.
Wood Group announces the appointment of Robin Watson as chief executive officer (CEO), effective 1 January 2016. Robin succeeds Bob Keiller who has decided to retire from Wood Group on 31 December 2015.
Ikon Science, the global Geoprediction company, has added two new RokDoc® Plug-ins for Petrel* to its portfolio of existing tools on the Ocean platform. This latest addition contributes the first plug-ins covering geopressure data calculation, analysis and viewing to the E&P subsurface community.
The Energy Industries Council (EIC), the leading trade association for UK companies that supply goods and services to the energy industries worldwide, is pleased to announce the appointment of its new president Chris Haynes OBE FREng. Chris is a senior oil and gas industry professional with almost 40 years' experience with the Shell Group and its affiliates around the world.
Oil prices have stabilised in the $45-50 range over the last month, however, performances of major oilfield stocks have continued to suffer. According to analysis undertaken by DW, decline of a further 8% has been seen through September, down 39% year-on-year.
Petromin Resources Ltd is pleased to announce that it has elected to participate in the completion of the MIDDLE ELLERSIE ZONE in the 11-35-39-28W4M well located in the Joffre field. Upon completion, the well will be placed on production through the existing surface equipment and gas gathering and plant system.
PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of September 2015, the Company had an average of 99 drilling rigs operating in the United States and four rigs in Canada.
Erin Energy Corporation (NYSE MKT:ERN) (JSE:ERN) today announced that the resource volume assessment of the three previously discovered fields (Tano North, Tano West, and Tano South) has been completed in the Expanded Shallow Water Tano (ESWT) Block, located offshore Ghana. The ESWT block is operated by its subsidiary company, Camac Energy Ghana Limited.
| Monday, October 5, 2015
Oil price Both WTI and Brent fell marginally on the week, on the month they were both off about a dollar but on the quarter it was much worse, coming in at around $15 below the end June prices. The news from the US on Friday was mixed as far as the oil price is concerned, the NFP numbers were well below expectations and the August number was also revised down genuinely surprising the market.
Cameron (NYSE: CAM) announced that, in accordance with its previously disclosed succession plan, R. Scott Rowe has assumed the role of President and Chief Executive Officer, effective today.
FIRST came the collapse of the Berlin Wall in 1989 followed by the reunification of Germany and the integration of Eastern Europe in general into the Western way of running the world. Then came China's rise following the Deng Xiaoping 1992 'Southern Tour' and China's admission to the World Trade Organisation in 2001.
Suncor Energy Inc. today announced that it has formally commenced an unsolicited offer to Canadian Oil Sands Limited (TSX Symbol 'COS') shareholders to acquire all of the outstanding shares of COS for total consideration of approximately $4.
Shell Nigeria Exploration and Production Company Ltd (SNEPCo) has announced the start-up of production from the Bonga Phase 3 project. Andrew Brown, Shell's Upstream International Director, said: 'This new start up is another important milestone for Bonga, adding valuable new production to this major facility.
| Monday, October 5, 2015
On 23 September 2015, T Lukic and A Swarbrick were appointed as Joint Administrators of Arkex Limited. The affairs, business and property of the Company are being managed by the Joint Administrators who contract as agents of the Company without personal liability.
Last week a new television series set amidst the North Dakota oil boom debuted. Blood & Oil tells the story of locals and newcomers striking it rich in The Bakken, an oil formation that has been heralded as containing more oil than Saudi Arabia--a wildly misleading* but understandably alluring slogan.
Greka Drilling Limited (AIM: GDL), the largest independent and specialized unconventional oil & gas driller in Asia, is pleased to announce the appointment of Sean Mulhearn and Richard Day as Non-executive Directors of the Company with immediate effect. Mr Mulhearn has over 30 years' experience in international commodity finance; he will be an independent member of the board and a member of the Remuneration Committee.
Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration, development and production company focused on Europe, announces its final results for the 12 month period ended 31 July 2015. Operational highlights 141 boepd produced from four UK onshore fields (2014: 165 boepd from three fields) Competent Persons Report ('CPR') produced by ERC Equipoise ('ERCE') estimated gross mean unrisked Prospective Resources of 1.
LGO today announces that the Company has raised £1.0 million before expenses, by way of a Company arranged placing of 111,111,110 new ordinary shares at a placing price of 0.
Solo is pleased to announce that it has been notified by the operator that the Tanzania Petroleum Development Corporation intends to exercise its right to back into the Kiliwani North Development Licence for a 5% working interest as a fully paying partner. The assignment of the interest to TPDC will be subject to TPDC paying the existing joint venture partnership the 5% pro-rata share of the development capital spent to date and to complying with the existing Joint Operating Agreement.
| Monday, October 5, 2015
San Leon Energy, the AIM listed company focused on oil and gas exploration in Europe and North Africa, announces the next step in the development of the Rawicz field. The Rawicz-15 development well on the 742 km2 Rawicz Concession in Poland's southern Permian Basin, will be spud during November 2015.
Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) provides an operations update following the end of the third quarter of the year.
Range is pleased to provide the following update with respect to its drilling programme in Trinidad. The MD 42N development well, located at the Company's Morne Diablo field, which was spudded on 4 September 2015, has reached total depth.
Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has commenced drilling of exploration well 7220/6-2 in PL609. The Neiden prospect is located in the northern part of PL609, some 60 km northeast of the Alta discovery and approximately 200 km from the Norwegian coastline.
MX Oil plc, the AIM quoted oil and gas investment company, is pleased to provide an update on the progress it is making in Mexico together with its partner Geo Estratos with regards to the on-going Bid Round 1 Licensing round and its efforts to secure onshore conventional concessions in the re-opening Mexican energy sector. The Company has submitted its pre-qualification filing with the National Hydrocarbons Commission regarding its participation in the third phase of Bid Round 1.
Baker Hughes Incorporated has posted Weekly Rig Count reports to its Investor Relations website. BHI Rig Count: U.
What will get North Dakota drivers back on the road? On Monday, the US Department of Transportation released its July 2015 Traffic Volume Trends, showing every state posting a year-over-year increase in vehicle miles traveled - except for one. Ironically, that state is North Dakota, home of the Bakken shale oil formation and arguably one of the main reasons for the US low gasoline prices that have enticed American drivers in other states to take to the road.
The graph shows the costs curve for remaining discovered liquids resources as of 2015: crude oil, condensate and NGL. The curve is made up of over 20,000 unique assets by considering each asset's break-even price and remaining liquids resources.
PETRONAS is pleased to announce the appointment of Tan Sri Zarinah Anwar and Dato' Sharifah Sofianny Syed Hussain as members of its Board. The Appointment of Tan Sri Zarinah and Dato' Sharifah took effect from 17 August 2015 and 1 October 2015 respectively.
Petrobras: The drilling of the third well in the Carcará area (Block BM-S-8) in the Santos Basin's ultra-deep waters has confirmed the light oil potential of pre-salt reservoirs. Well 3-SPS-104DA, informally known as Carcará Northwest, is within the Discovery Evaluation Plan area of discovery well 4-SPS-86B (Carcará).
Aker Solutions has been awarded a contract from Murphy Sabah Oil Co., Ltd.
Oil price The oil price had a topsy turvy day yesterday, partly caused by Hurricane Joaquin which first looked to be headed towards the Gulf of Mexico before heading offshore and up towards the East coast, no doubt we will see it in a few days. On the geopolitical front, bombing of Syria by Russia looks to be added to by Iranian troops on the ground so quite a support operation for Assad who is now the 'least worst alternative'.
On 2 October 2015, Statoil acquired First Oil's 24% equity share in the UK licence for the Alfa Sentral field for USD 15 million. Alfa Sentral is a c.
Canacol Energy Ltd. (TSX:CNE) (OTCQX:CNNEF) (BVC:CNEC) announces that Mr.
Pipelines are chasing crude-by-rail shipments out of most US markets, but the Bakken-to-Atlantic-Coast route has managed to keep a hold on its market share, making the spread between domestic and international crudes more important than ever to profitability on the rails. Rail used to have a key advantage in the midstream market; namely, it was already there.
Andes (AIM: AEN; BCBA: AEN), the Latin American E&P group, announces the termination of its joint venture agreement in Brazil. 'We have previously indicated that Brazil was not the focus of our development activities and we have now, mutually agreed with our partner in Brazil, to terminate the joint venture agreement without further obligations.
Magnolia Petroleum Plc, the AIM quoted US onshore focused oil and gas exploration and production company, is pleased to announce it is participating alongside leading US onshore operator, Continental Resources, in the drilling of 10 new gas wells targeting the proven Woodford formation. All 10 new wells are located in the prolific South-Central Oklahoma Oil Province play in Oklahoma, from which it is estimated a total of 3.
P/F Atlantic Petroleum (NASDAQ OMX COPENHAGEN: ATLA DKK & Oslo Stock Exchange: ATLA NOK) today announces that during the month of September, Atlantic Petroleum produced a net total of 33,000 barrels of oil equivalents (boe) from the Chestnut, Ettrick and Blackbird fields. The average daily production was 1,100 boe per day net to the Company.