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ExxonMobil deny lobbying Iran on sanctions

Today, ExxonMobil issued a statement regarding Iran lobbying. 'Media reports that ExxonMobil is lobbying the U.
Middle East | Friday, May 22, 2015

Third Energy plans for fracking in North Yorkshire

Third Energy can announce that it will today submit a planning application to North Yorkshire County Council to hydraulically stimulate and test various geological formations, at the existing Well KM8 at Kirby Misperton. If successful, these tests will be followed by the production of gas from one or more of these formations into the existing production facilities for the generation of electricity.
West Europe | Friday, May 22, 2015

Vanguard Natural Resources to acquire Eagle Rock Energy Partners

Vanguard Natural Resources, LLC (Nasdaq:VNR) ('Vanguard' or 'the Company') and Eagle Rock Energy Partners, L.P.
North America | Friday, May 22, 2015

Statoil awarded drilling permit for well 6706/11-2 in production licence 602

The Norwegian Petroleum Directorate (NPD) has granted Statoil Petroleum AS a drilling permit for well 6706/11-2, cf. Section 8 of the Resource Management Regulations.
West Europe | Friday, May 22, 2015

Statoil drills dry wells north of the Hyme field in the Norwegian Sea

Statoil Petroleum AS, operator of production licence 348 C, is in the process of completing the drilling of wildcat wells 6407/8-7 and 6407/8-7 A. Both wells have been drilled about four kilometres north of the Hyme field in the southern part of the Norwegian Sea and 140 kilometres north of Kristiansund.
West Europe | Friday, May 22, 2015

Buru Energy's Olympic 1 exploration well spuds

Buru Energy (ASX: BRU) is pleased to advise that its extensive 2015 exploration drilling program has commenced with the spudding of the Olympic 1 conventional oil well located southeast of Broome in Western Australia. The well, which is being drilled with DDH1 Rig 31, has a programmed total depth of 1,450m and is expected to take some 30 days to drill.
Australasia | Friday, May 22, 2015

Mosman Oil and Gas updates shareholders on activities

The Directors of Mosman Oil and Gas Limited (AIM: MSMN), the New Zealand and Australia focused oil exploration and development company is pleased to update shareholders in respect to several matters. Corporate update Mosman's Board of Directors ('Board') has previously set out goals for the Company regarding building a sustainable mid-size oil company.
Australasia | Friday, May 22, 2015

PetroNeft Resources updates on Russian operations

PetroNeft (AIM: PTR) an oil & gas exploration and production company operating in the Tomsk Oblast, Russian Federation, is pleased to provide an update on operations at Licence 61. Highlights Sibkrayevskoye Sibkrayevskoye No.
Russia FSU | Friday, May 22, 2015

LGO provide Goudron drilling update, Trinidad

LGO is today pleased to announce that well GY-673, which was spudded on 1 May 2014, has reached total depth and that well GY-674 has now been spudded and drilling ahead at over 166 feet. Electric log interpretation from both the Goudron and C-sand intervals in GY-673 confirms the presence of recoverable hydrocarbons; the net oil pay in the Goudron Sandstone is estimated to be over 650 feet and net hydrocarbon pay in the C-sand main target is estimated at 140 feet.
Central America | Friday, May 22, 2015

UK offshore workers strike ballot to go ahead

We did make some progress today but sadly not enough to enable us to go back to members with proposals to resolve this dispute says GMB. GMB and Unite officials held further talks on 20th May on the dispute over unilateral changes to working conditions for workers covered by the Offshore Contractors Agreement (OCA) in UK waters.
West Europe | Thursday, May 21, 2015

Statement regarding a possible offer for Dragon Oil plc

Following the announcement by ENOC on 17 March 2015 confirming that it had made an approach regarding a possible offer for Dragon Oil, ENOC confirms that it has been in discussions with the independent committee of the board of Dragon Oil (the 'Independent Committee') regarding the terms of a possible cash offer for Dragon Oil. As a result of those discussions, and having considered initial shareholder feedback and market commentary around the possible offer price, ENOC is proposing a possible cash offer of 735 pence per Dragon Oil share (the 'Proposal').
West Europe | Thursday, May 21, 2015

Large Litre Meter flow assurance order goes down under to Ichthys

One of the largest orders for chemical injection flowmeters from UK flowmeter specialist Litre Meter (www.litremeter.
Australasia | Thursday, May 21, 2015

Speculators' oil inventories at record 5 days of world demand

Every oil trader has known the feeling. You've done your sums, talked to everyone, and decided the market is going to be short of product.
North America | Thursday, May 21, 2015

Husky Energy begins steam operations at Rush Lake

Husky Energy (TSX: HSE) has started commercial steam operations at the 10,000 barrels per day (bbls/day) Rush Lake heavy oil thermal project in Saskatchewan, approximately eight weeks ahead of schedule. Like the Company's other thermal projects, Rush Lake is expected to ramp up to full production in a short time period.
North America | Thursday, May 21, 2015

ExxonMobil announces significant oil discovery offshore Guyana

Exxon Mobil Corporation (NYSE:XOM) today announced a significant oil discovery on the Stabroek Block, located approximately 120 miles offshore Guyana. The well was drilled by ExxonMobil affiliate, Esso Exploration and Production Guyana Ltd.
South America | Thursday, May 21, 2015

This Innovation Will Help U.S. Companies Win The Oil Price War

Although some US oil companies are struggling with low oil prices, a new wave of innovation is hitting the oil patch, allowing for a significant reduction in drilling costs. A variety of different improvements in production are starting to show up at all levels across the industry from small firms to oil majors.
North America | Thursday, May 21, 2015

Gazprom adds over 800 billion cubic meters of gas in 2014 through geological exploration activities

On the threshold of Gazprom's annual General Shareholders Meeting the Company's headquarters hosted today Press Conference 'Mineral and Raw Material Base Development. Gas Production.
Russia FSU | Thursday, May 21, 2015

Oil price, Sundry-Pacific Rubiales-BP/Halliburton-BPC-Range-Andes Energia- And finally...

Oil price Plenty to talk about on the oil price this morning as oil and products held key support levels yesterday and kicked on, aided by the overnight API inventory stats and later the EIA numbers. They showed that crude stocks fell by 2.
West Europe | Thursday, May 21, 2015

BG Group assumes operational control of QCLNG and meets pre-conditions for pipeline sale

BG Group today announces that operational control of Train 1 at its Queensland Curtis LNG plant has been formally transferred to QGC, BG Group's Australian subsidiary, from Bechtel Australia, which constructed the facility. In addition, the Company announces that approval for the sale of its QCLNG gas pipeline has been received from BG Group's Train 1 equity partner, the China National Offshore Oil Company (CNOOC).
Australasia | Thursday, May 21, 2015

Range increase interest in Guayaguayare block

Agreement signed to increase Range's interest in the Guayaguayare block Range is pleased to announce that it has signed an amendment agreement in respect of its interest in the Guayaguayare Block in Trinidad. As a result of the amended agreement, Range will acquire the full interest of Niko Resources Ltd.
Central America | Thursday, May 21, 2015

Transocean to pay $211m to settle claims from Deepwater Horizon oil spill

The Plaintiffs' Steering Committee (PSC) spearheading the litigation emanating from the 2010 Deepwater Horizon Oil Spill today announced that it has reached a preliminary agreement with Transocean for $211,750,000 to settle claims against the company arising from the spill. The settlement, which will be overseen by Judge Carl A.
North America | Thursday, May 21, 2015

MEO Australia farm out 30% of WA-488-P

MEO Australia Limited (ASX: MEO) is pleased to advise the execution of final documentation to farmout of a 30% participating interest in the WA-488-P exploration permit to a wholly owned subsidiary of SGX-listed Rex International Holding ('Rex'). Commenting on the announcement, MEO's MD & CEO Peter Stickland said: 'MEO is pleased to have completed the farm-out of WA-488-P to Rex.
Australasia | Thursday, May 21, 2015

Andes Energia announce final 2014 results

The Board of Andes Energia is pleased to report final results for the year ended 31 December 2014. OVERVIEW Year ended 31 December 2014 2013 US$m US$m Revenue 48.
South America | Thursday, May 21, 2015

Suncor Energy Norge AS awarded a North Sea drilling permit

The Norwegian Petroleum Directorate (NPD) has granted Suncor Energy Norge AS a drilling permit for well 25/10-13 S, cf. Section 8 of the Resource Management Regulations.
West Europe | Thursday, May 21, 2015

Range finalises 2015 work programme on the St Mary's Block in Trinidad

Range is pleased to announce that following the inaugural Operating Committee meeting held earlier this month with Joint Operating partner, the State Oil and Gas Company of Trinidad and Tobago Limited (Petrotrin), the two companies have finalised an exploration work programme and budget for 2015 on the highly prospective St Mary's block in Trinidad. The exploration work programme for 2015 is planned to commence in the second half of the year, and consists of: Audit of existing field infrastructure, facilities and wells; Preparation for environmental permitting to commence Electro Magnetic Surveying (Stratagem); Preparation for environmental permitting for drilling; and Tendering for drilling rig, equipment, and other oilfield services.
Central America | Thursday, May 21, 2015

Empyrean Energy provide production update from its flagship Sugarloaf AMI Project

Empyrean Energy, the profitable US onshore oil, gas and condensate exploration, development and production company with assets in Texas and California, is pleased to provide a production update from its flagship Sugarloaf AMI Project ('Sugarloaf' or the 'Project') in the prolific Eagle Ford Shale, Texas, for the three month period to the end of March 2015 ('Q1 2015' or the 'Quarter'). Empyrean has a 3% working interest in the Project, which is operated by Marathon Oil Company, a subsidiary of US major Marathon Oil Corporation (NYSE: MRO) ('Marathon' or the 'Operator').
North America | Thursday, May 21, 2015

Statoil's investigation of Gudrun leak completed

On 18 February 2015 a condensate leak occurred on the Gudrun platform in the North Sea. The incident has been investigated by Statoil's corporate investigation team which classifies it to be of the highest degree of seriousness.
West Europe | Wednesday, May 20, 2015

Mol Group announces new discovery in Pakistan and enters DG Khan block

Today, MOL Group announces a new commercial discovery from the MOL operated exploration well Mardan Khel-1 in the TAL Block. In addition, MOL has signed a farm-in agreement for the DG Khan block in Pakistan.
Middle East | Wednesday, May 20, 2015

Talisman drill dry well north of the Varg field

The well was drilled in the central part of the North Sea about six kilometres north of the Varg field and 220 kilometres southwest of Stavanger. The purpose of the well was to prove petroleum in Upper Jurassic reservoir rocks (the Ula and Sandnes formations) and in Middle Jurassic reservoir rocks (the Hugin and Sleipner formations).
West Europe | Wednesday, May 20, 2015

Wintershall ceases activities in Qatar due to lack of access to local infrastructure

Wintershall is ceasing its activities in Qatar and is returning Block 4 North near the North Field off the Qatari coast on 25 May 2015. Wintershall's office in Doha will be closed.
Middle East | Wednesday, May 20, 2015

Oil price, Faroe, Sound, Sundry-Gulfsands-Gulf Keystone- And finally...

Oil price Another bad day in the crude markets yesterday as a combination of continued dollar strength, absorption of Saudi export numbers and profit taking in WTI as the June contract expired. Indeed volumes of the next month July contract were noticeably higher than usual as traders saw more than usual rolling over of positions, not surprising considering the massive amount of open long positions at the moment.
West Europe | Wednesday, May 20, 2015

Analysing Assets for Sale in Western Canada

The rapid decrease in oil prices has been the catalyst for major strategic asset reviews across Canada, with many oil and gas companies now assessing opportunities for acquisition and divestment. CanOils Assets is a powerful tool to accelerate and improve the ability to evaluate asset opportunities in Canada for buyers, sellers and their advisors.
North America | Wednesday, May 20, 2015

Are US Drillers Actually Making A Comeback?

Is US shale about to make a comeback? Oil prices have rebounded strongly since March. The benchmark WTI prices soared by more than 36 percent in two months, and Brent has jumped by more than 25 percent.
North America | Wednesday, May 20, 2015

SacOil calls it quits with Nigdel and OPL 233

SacOil shareholders ('Shareholders') are advised that, in line with SacOil's strategy to focus on proven resources as a basis for growth, the Company has embarked on a process of balancing and rationalising its portfolio of assets. The aim of the rationalisation is to restructure the Company's future capital requirements - focusing on cash generative assets and low risk exploration assets.
Africa | Wednesday, May 20, 2015

88 Energy appoint Erik Opstad as General Manager of Alaskan operations

The Board of 88 Energy Limited ('88 Energy' or the 'Company') provide the following update regarding the appointment of Mr Erik Opstad as General Manager of Alaskan Operations. In House Drilling Capability Attained 88 Energy is delighted to announce the appointment of Mr Erik Opstad as General Manager of Alaskan Operations.
North America | Wednesday, May 20, 2015

Rose Petroleum announce positive Mancos Shale Core results

Rose Petroleum plc, the AIM-listed (AIM: ROSE) natural resources company, is pleased to provide a positive update on the core analysis results from the State 1-34 well taken within the Mancos Shale interval in the Uinta Basin acreage in Utah. Highlights Mancos core analysis results correlate strongly or exceed parameters used by Ryder Scott to calculate the Prospective Recoverable Resources of 709MMbbls oil and 4.
North America | Wednesday, May 20, 2015

Faroe Petroleum encounters no hydrocarbons in Bister exploration well

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, announces that drilling has reached target depth on the Statoil operated Bister exploration well in the Norwegian Sea (Faroe 7.5%).
West Europe | Wednesday, May 20, 2015

Sound Oil continues with Nervesa appraisal well

Sound Oil, the Mediterranean focused upstream oil and gas company, confirms that the second Nervesa appraisal well has reached Total Depth at 2,054 metres and that logging is now also complete. The Company confirms that mud log gas shows were recorded while drilling in the target reservoir zones within the Miocene San Dona Formation.
East Europe | Wednesday, May 20, 2015

Terneftegas launches the Termokarstovoye Field

OAO NOVATEK announced today that Terneftegas, a joint venture between NOVATEK (51%) and Total (49%), formally launched the Termokarstovoye gas and gas condensate field into commercial production. The field is expected to reach its planned daily production level equivalent to approximately 2.
Russia FSU | Wednesday, May 20, 2015

Oil price, Falklands-Premier/RKH/FOGL, Chariot, San Leon, Sundry-Far-Northern-Aminex- And finally...

Oil price Oil prices drifted yesterday as the dollar rallied, international growth appears sluggish despite lower oil prices and the Saudi's exported more in March, 7.898m barrels the highest since 2005.
North America | Tuesday, May 19, 2015

Conformance control for clever clogs

What do I mean by conformance control, well it's just a fancy engineering term for producing, or injecting, more of what you want and less of what you don't want. In the oilfield we use the word to indicate that we have done something to the downhole configuration to direct fluids where we want them to go.
North America | Tuesday, May 19, 2015

Gulfsands Petroleum removes Mahdi Sajjad as CEO

Gulfsands Petroleum plc (AIM: GPX), the oil and gas company with activities in Syria, Morocco, Tunisia and Colombia, provides an update on previously announced management changes. On 14 April 2015 the Company advised that Mr Mahdi Sajjad had been removed from his role as the Company's Chief Executive.
Middle East | Tuesday, May 19, 2015

Jura Energy abandons Ismail-1 Well

Jura Energy Corporation (TSX:JEC) ('Jura') announced today that the exploration well, Ismail-1, in the Guddu block was drilled to the total depth of 825 meters. The targeted Pirkoh Limestone formation was encountered at 700 meters.
North America | Tuesday, May 19, 2015

Strategic Oil & Gas announces first quarter 2015 results

Strategic Oil & Gas Ltd. (TSX VENTURE:SOG) reports financial and operating results for the three months ended March 31, 2015.
North America | Tuesday, May 19, 2015

Financing 'frack addicts' and shale producers in the US: Petrodollars

Robert Perkins examines the delicate balance act of financing shale oil production in the US in this week's Oilgram News column, Petrodollars. The US shale industry took a high-profile bashing this month from David Einhorn, the US hedge fund manager who gained notoriety by shorting Lehman Brothers a year before the bank collapsed in 2008.
North America | Tuesday, May 19, 2015

Norwegian Petroleum Directorate announce production figures for April 2015

Preliminary production figures for April 2015 show an average daily production of about 1 963 000 barrels of oil, NGL and condensate. This is 9 000 barrels per day (about 0.
West Europe | Tuesday, May 19, 2015

Wentworth Resources Q1 2015 financial statements and MD&A

Wentworth Resources Limited, the Oslo Stock Exchange (OSE: WRL) and London Stock Exchange (AIM: WRL) listed independent, East Africa-focused oil & gas company, today announces its results for the first quarter and three months ended 31 March 2015. The following should be read in conjunction with the Q1 2015 Management Discussion and Analysis and Financial Statements which are available on the Company's updated website at http://www.
Africa | Tuesday, May 19, 2015

San Leon Rawicz-12 update and field reserves

San Leon Energy plc, the AIM listed company focused on oil and gas exploration in Europe and North Africa, announces an update to the results of the Rawicz-12 well test in Poland. Following the Company's announcements dated 25 February and 6 March 2015, describing the highly positive preliminary well test results for Rawicz-12, Ryder Scott Company has finalised a Competent Persons Report ('CPR') on the Rawicz Gas field for Palomar Natural Resources ('PNR'), the operator.
East Europe | Tuesday, May 19, 2015

Chariot terminates farm-out agreement with AziLat

Chariot Oil & Gas Limited (AIM: CHAR), the Atlantic margins focused oil and gas exploration company, today announces that the farm-out agreement with AziLat Limited ('AziLat') on the BAR-M-292, BAR-M-293, BAR-M-313 and BAR-M-314 licences (the 'Licences') in the Barreirinhas basin, Brazil has been terminated. Since initial agreement, which was announced on 20 August 2014, AziLat has requested amendments to the commercial terms of the farm-out which are unacceptable to Chariot as they do not reflect the high potential of the assets and are therefore not in the interests of the Company nor its shareholders.
South America | Tuesday, May 19, 2015

Rockhopper Exploration update ahead of AGM

Operations Update - Isobel Deep & Mediterranean Rockhopper Exploration plc (AIM: RKH), the oil and gas exploration and production company with interests in the North Falkland Basin and the Greater Mediterranean region, is pleased to provide the following update ahead of the Company's AGM today in relation to the Isobel Deep Well and its Mediterranean operations. Isobel Deep (Rockhopper 24%) Following the penetration of a sand interval with suspected elevated formation pressure and oil shows, the operator has decided to set a cement plug over this interval and run the contingent 9 5/8' casing string in the shale section above, prior to drilling through the prognosed Isobel reservoir interval to the well TD (Total Depth).
South America | Tuesday, May 19, 2015

Northern Petroleum update on Canadian activities

Northern Petroleum, the AIM quoted oil company focusing on production led growth, provides the following update regarding production activities in north west Alberta, Canada. Highlights Production package for well 100/16-19 now ready to be transported to well site with production start up planned for beginning of June Start up production rate of between 75 and 100 barrels of oil per day ('bopd') expected from the well The pump on well 102/15-23 has been installed and expected production of approximately 150 bopd will start following remedial maintenance on the pipeline by the local operator - forecast for Q3 2015 At US$55 WTI, operating net back after royalty is forecast to be approximately US$30 per barrel At current oil prices, net cashflow from both wells is expected to cover most of the total general and admin costs for the Company Planning continues to re-start economic production from other shut-in wellsKeith Bush, Chief Executive Officer, commented: 'Recent work has been focused on ensuring the business can operate effectively in the current oil price environment.
North America | Tuesday, May 19, 2015

Falkland Oil and Gas update on 14/20-1 'Isobel Deep'

Falkland Oil and Gas Limited ('FOGL'), the exploration company focused on its extensive licence areas to the North, South and East of the Falkland Islands, is providing an operational update on the 14/20-1 'Isobel Deep' well that was spudded by Premier Oil (well Operator) on 8th April 2015. A zone of suspected elevated formation pressure was penetrated at the base of the current 12 ¼' hole section and oil shows were also encountered in this interval.
South America | Tuesday, May 19, 2015

Kosmos Energy encounters additional hydrocarbons during Mauritania Drilling

Kosmos Energy (NYSE: KOS) announced today that the Tortue-1 exploration well in Block C8 offshore Mauritania has encountered additional hydrocarbons while drilling to total depth to evaluate the deeper Albian stratigraphy. Based on the preliminary analysis of drilling results, Tortue-1 has intersected approximately 10 meters (32 feet) of net hydrocarbon pay in the lower Albian section, which is currently interpreted to be gas.
Africa | Monday, May 18, 2015

Oil price, Bahamas Petroleum, Sound Oil, Providence Resources, Primeline, And finally…

Oil price As we start the lead-up to the Opec meeting on June 5th the usual pre-meeting stories are doing the rounds as one might expect. On Friday the Venezuelan President announced that 'some sort of deal is being worked on' which is probably fair enough as it would be foolish of the 'have nots' not to have a plan B of some sort.
West Europe | Monday, May 18, 2015

Two non-executive directors resign from Afren

Afren plc announces that Mr Peter Bingham and Mr John St John will resign as Non-Executive Directors of Afren with effect from the close of the Company's 2015 Annual General Meeting scheduled for Wednesday 25 June 2015. Peter Bingham, who has served as a Director of the Company since May 2005, and John St.
West Europe | Monday, May 18, 2015

TGS announces Gigante 2D offshore Mexico

TGS is pleased to confirm that it has received a seismic permit from Mexico's Comisión Nacional de Hidrocarburos (CNH) authorizing the acquisition of a 181,500 km regional 2D seismic survey. In addition TGS has received environmental and social resolutions.
North America | Monday, May 18, 2015

Parkmead raises US$21.1 million to accelerate opportunities

Parkmead, the UK and Netherlands focused independent oil and gas group, is delighted to announce that it has raised approximately US$21.1 million (£13.
West Europe | Monday, May 18, 2015

Warming weather in California exposes vulnerabilities of wind power

Is it the first signs of a serious problem for wind power generation? Data shows a significant drop-off of wind power sales in California due to warm weather, which caused a drop in wind velocities. Is it possible that wind farms that so many believe will help mitigate the warming of a changing climate will instead be impaired by that very same warming? The initial numbers that have emerged are striking.
North America | Monday, May 18, 2015

In a volatile environment, BP decides it's all too much

In a move last week that many commentators might see as a real blow for a company already struggling to convince the world of its environmentally friendly credentials, oil giant BP announced it had decided to sell its share in the UK's largest bioethanol plant. The company said that it was exiting the business, citing the challenging environment in Europe leading BP to having to make some 'tough choices', of which its ethanol plant was one.
North America | Monday, May 18, 2015

New challenges for petrochemical players in China

At the recent Asia Petrochemical Industry Conference (APIC) held on May 7-8 at Seoul in South Korea, one of the hot topics doing the rounds was China's march towards self-sufficiency. Will it, delegates asked, put a brake on petrochemical majors' engagement with the country, which is currently the world's largest consumer of chemicals? There is some justification for this concern.
Asia Far East | Monday, May 18, 2015

Bahamas Petroleum announce licence and well obligation extensions

Bahamas Petroleum Company, the oil and gas exploration company with licences in The Commonwealth of The Bahamas is pleased to provide the following market update. Highlights Bahamas Petroleum has agreed upon the terms of a Licence Renewal Addendum in relation to its four southern licences Current term of licences extended to 2Q 2018 Drilling commencement date extended to April 2017 Southern boundaries of these licences formalised up to The Bahamas - Cuba Maritime boundary All work undertaken in individual licences offsets against adjacent licence obligations Other licence terms and conditions remain intact and unaffected Bahamas Petroleum acknowledged as having satisfied all obligations in respect of all licences, the Regulations and the Act Licences grandfathered under the current Petroleum Act The Minister of Environment and Housing has indicated publicly that the second reading of the revised Petroleum Act and attendant Regulations was scheduled to be presented to the Bahamian House of Assembly on 13 May 2015 but was postponed.
Central America | Monday, May 18, 2015

Nostra Terra acquire interest in 35,000 acre prospect in South Texas

Nostra Terra (AIM:NTOG), the oil and gas exploration and production company with a growing portfolio of assets in the USA, is pleased to announce the acquisition of a 1% working interest in the San Miguel Prospect, comprising 35,000 acres in South Texas. This acquisition shares similar characteristics to the previous acquisition of interests in a 20,000 acre prospect (the Don Pedro Prospect), as announced 27 April 2015.
North America | Monday, May 18, 2015

Baron Oil plc commence drilling operations in Islandmagee-1 salt well

Baron Oil notes the announcement released this morning by Infrastrata plc regarding spudding of the Islandmagee-1 salt well. As announced on 1 May 2015, Baron Oil signed a Convertible Loan Agreement ('Agreement') with InfraStrata with respect to the Islandmagee gas storage project in Northern Ireland.
West Europe | Monday, May 18, 2015

Africa Oil announces financial and operating results for the first quarter 2015

Africa Oil has announced its financial and operating results for the three months ended March 31 2015. During the first quarter of 2015, seven wells finalized drilling across the South Lokichar Basin and the North Turkana basin in Block 10BA, Kenya.
Africa | Friday, May 15, 2015

MEO renews AC/P50 & AC/P51 permits, offshore Australia

MEO Australia has accepted an offer from the National Offshore Petroleum Titles Administrator (NOTPA) to renew the AC/P50 and AC/P51 exploration permits for a further five years. The firm minimum work program requirement is for the first three years of the renewal and for each block consists of geological and geophysical studies and seismic data reprocessing.
Australasia | Friday, May 15, 2015

AWE spuds Waitsia-1 appraisal well

AWE Limited, the Operator of Permits L1/L2 in the Perth Basin, Western Australia, has advised that the Waitsia-1 appraisal well commenced drilling operations at 11:00 hours (11:00 am) AWST on Thursday, 14 May 2015. As at 06:00 hours (6.
Australasia | Friday, May 15, 2015

Icon Energy renews ATP594 and announces new exploration program in the Cooper-Eromanga Basin

Icon Energy has announced the renewal of ATP 594 by the Department of Natural Resources and Mines, with a grant date of 17 April 2015. The current approved term of ATP 594 is for 4 years, with an opportunity to apply for a renewal at the end of the 4 year time period.
Australasia | Friday, May 15, 2015

Lion Energy continues testing of Lofin-2 despite operational results

Lion Energy Ltd (ASX Code: LIO) advises that Lofin-2 appraisal well has reached a depth of 5861m MD. Gas chromatography and oil shows in the primary objective were encountered through to total depth.
Asia Far East | Friday, May 15, 2015

Cequence Energy announces results for first quarter 2015

Cequence Energy Ltd. (TSX: CQE) is pleased to announce its operating and financial results for the three month period ended March 31, 2015.
North America | Friday, May 15, 2015

Petroamerica Oil Corp announces 2015 first quarter results

Petroamerica Oil Corp. (TSX-V: PTA), a Canadian oil and gas company operating in Colombia, is pleased to announce the financial and operating results for the three months ended March 31, 2015, and to provide an operational update on the Company's activities in Colombia.
South America | Friday, May 15, 2015

Questerre Energy announces first quarter results

Questerre Energy Corporation (TSX,OSE:QEC) reported today on its financial and operating results for the quarter ended March 31, 2015. Michael Binnion, President and Chief Executive Officer, commented, 'With the sustained decline in commodity prices we executed on a cost reduction strategy in the first quarter of this year.
North America | Friday, May 15, 2015

Mart Resources announces financial results for the first quarter 2015

Mart Resources, Inc. (TSX:MMT) is pleased to announce its financial and operating results (all amounts in United States dollars unless noted) for the three months ended March 31, 2015, including the Company's outlook and operations update: Three months ended 31 March 2015 Mart's share of average daily oil produced and sold for the three months ended March 31, 2015 from the Umusadege field per calendar day was 8,785 barrels of oil per day compared to 6,891 bopd for the three months ended March 31, 2014.
Africa | Friday, May 15, 2015

Erin Energy receives government approval for license extension in The Gambia

Erin Energy Corporation (NYSE MKT:ERN) announced today it has received executive approval to extend the initial exploration period for blocks A2 and A5 in The Gambia by 24 months to December 31, 2018. The work program includes the requirement to drill one exploration well in either block during the exploration period.
Africa | Friday, May 15, 2015

Oil price, Sundry-BP, Shell, Afren-Premier-RKH-Ithaca-Europa-Cairn-Cape-Wood-EnQuest-Caza-IOG-Panoro-President-Range- And finally...

Oil price It has been a busy fortnight, almost entirely away from my desk but all the time visiting companies and seeing their operations. Today is really a summing up blog as I try to cover as much as possible that has gone on while I've been away, if I have missed something get in touch and I will try to make amends! Also over the next few days I will be writing up company visits where possible.
West Europe | Friday, May 15, 2015

Sanchez Production Partners announces first quarter 2015 results and management update

Sanchez Production Partners LP (NYSE MKT:SPP) today reported first quarter 2015 results. Highlights from the report include: SPP successfully converted from a limited liability company to a limited partnership in the first quarter 2015 with the overwhelming support of its unitholders and executed its first transaction involving producing assets in the Eagle Ford Shale.
North America | Friday, May 15, 2015

What if Oil Is the Best Investment of 2015?

Investors can't say definitively that the price of oil bottomed in the third week of March, but some very recent data released by the International Energy Agency (IEA) that supports the premise that a bottom is in. More on that in a moment.
North America | Friday, May 15, 2015

Black Ridge Oil & Gas announces first quarter results

Black Ridge Oil & Gas, Inc. (OTCQB: ANFC), a growth-oriented exploration and production company focused on non-operated Bakken and Three Forks properties, today announced financial and operating results for the three months ended March 31, 2015.
North America | Friday, May 15, 2015

Petrus Resources announces first quarter 2015 results

Petrus Resources Ltd. is pleased to report operating and financial results for the first quarter of the 2015 fiscal year.
North America | Friday, May 15, 2015

New Concept Energy announces first quarter results

New Concept Energy, Inc. (NYSE MKT: GBR), a Dallas-based oil and gas company, today reported net income for the three months ended March 31, 2015 of $314,000 or $0.
North America | Friday, May 15, 2015

Seplat comments on improper tax waiver speculation

Seplat Petroleum Development Company notes recent press coverage suggesting that the Company benefitted from improper tax waivers in relation to it being granted the pioneer tax incentive by the government of Nigeria. Whilst it is SEPLAT's policy to not comment ordinarily on press statements or business dealings with the government, on this occasion it is deemed necessary to clarify SEPLAT's position on this matter.
Africa | Friday, May 15, 2015

Caza Oil & Gas announces first quarter results

Caza Oil & Gas, Inc. (TSX: CAZ) (AIM: CAZA) is pleased to provide its unaudited financial and operational results for the three-months ended March 31, 2015.
North America | Friday, May 15, 2015

Baron Oil signs Block XXI seismic contract

The board of Baron are pleased to announce that the Company's local Subsidiary, Gold Oil Peru SAC, has signed a seismic contract with GSS, a Houston based seismic contractor, to acquire, process and interpret 180 kilometres of 2D seismic on Block XXI located onshore northwest Peru. The total cost of this work is fixed at US$1.
South America | Friday, May 15, 2015

EnQuest announces strong operational performance, production up 20%

Highlights Production averaged 30,768 Boepd for the four months to the end of April 2015, up 20.2% on the same period in 2014.
Asia Far East | Friday, May 15, 2015

Suncor Energy drills dry well during oil discovery delineation

Suncor Energy Norge AS, operator of production licence 375, has completed drilling of appraisal well 34/4-14 S in the oil discovery 34/4-11. The discovery was proven in 2010, and is located approximately 20 kilometres northwest of the Snorre field in the North Sea.
West Europe | Friday, May 15, 2015

OMV plugs and abandons dry well near Wisting oil discovery

OMV (Norge) AS, operator of production licence 537, is in the process of concluding the drilling of wildcat well 7324/8-2. The well was drilled about 6 kilometres southeast of oil discovery 7324/8-1 'Wisting' in the Barents Sea and 310 km north of Hammerfest.
West Europe | Friday, May 15, 2015

Shallow Discussions Versus Complex Oil Price, Economic Realities

It has been a very good year so far for European and Asian naphtha cracker operators, as the chart above illustrates. As you can see, in the case of high-density polyethylene (HDPE), naphtha-based integrated margins in 2015 are turning out to be a better so far this year than those in 2013 and 2014.
West Europe | Thursday, May 14, 2015

Apache Corporation appoints new director

Apache Corporation (NYSE, Nasdaq: APA) today announced the appointment of Daniel W. Rabun to its board of directors.
North America | Thursday, May 14, 2015

Petrofac announces board changes

Further to the announcement on 25 February 2015, the Company confirms that Roxanne Decyk will today step down as a Non-executive Director, with Matthias Bichsel joining the Company as a Non-executive Director, following approval by shareholders at today's AGM. Matthias, who has over 30 years' relevant experience most recently as Director of Projects & Technology at Royal Dutch Shell plc, brings an extensive understanding of the oil and gas industry.
West Europe | Thursday, May 14, 2015

The Oil Big Five: Marking one year of watching the global oil industry

This month's version of The Oil Big Five marks its first anniversary and we're pleased to still be serving up a monthly dose of topics to keep an eye on in the global oil industry. You can read past entries in this series here if you're curious about what sort of issues our Platts editors and analysts have highlighted throughout the past year.
North America | Thursday, May 14, 2015

Alta Mesa announces first quarter 2015 results

Alta Mesa Holdings, LP announced its financial results for the first quarter of 2015 and provided highlights of its recent operations. A conference call to discuss these results is scheduled for today at 11 a.
North America | Thursday, May 14, 2015

Oryx Petroleum first quarter 2015 financial and operational results

Oryx Petroleum Corporation Limited today announces its financial and operational results for the three months ended March 31, 2015. All dollar amounts set forth in this news release are in United States dollars, except where otherwise indicated.
North America | Thursday, May 14, 2015

BNK Petroleum announces first quarter results

All amounts are in U.S.
North America | Thursday, May 14, 2015

Pacific Rubiales announces first quarter 2015 results: record net production, sale volumes and lower cash operating costs

Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) announced today the release of its unaudited consolidated financial results for the quarter ended March 31, 2015.
North America | Thursday, May 14, 2015

Delphi Energy reports first quarter results

Delphi Energy Corp. (TSX:DEE) is pleased to announce its financial and operational results for the quarter ended March 31, 2015.
North America | Thursday, May 14, 2015

Serinus Energy announces Q1 2015 financial and operating results

Serinus Energy Inc. (TSX:SEN)(WARSAW:SEN), is pleased to report its financial and operating results for the quarter ended March 31, 2015.
Russia FSU | Thursday, May 14, 2015

Corridor Resources announces first quarter results

Corridor Resources Inc. announced today its first quarter financial results.
North America | Thursday, May 14, 2015

Chinook Energy announces election of directors

Chinook Energy Inc. (TSX:CKE) announces the voting results from its annual and special meeting of shareholders held on May 12, 2015.
North America | Thursday, May 14, 2015

Canacol Energy reports financial and operating results to March 31 2015

Canacol Energy Ltd. (TSX:CNE)(OTCQX:CNNEF)(BVC:CNEC) reports its financial and operating results for the three and nine months ended March 31, 2015.
South America | Thursday, May 14, 2015