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The Progressive Contractors Association of Canada (PCA) welcomed the National Energy Board announcement on the approval of the Enbridge Line 9B pipeline reversal. Sean Reid, Vice President (Federal and Ontario), issued the following statement in reaction to the decision: The National Energy Board's decision to approve the Enbridge Line 9B Reversal Project is in the best interest of Canadian construction firms and their workers.
Cardinal Energy Group, Inc. (OTCQB: CEGX) announces that it has finalized the previously announced Purchase Sale Agreement to acquire the Stroybel-Broyles Lease located in Eastland County, Texas.
Octagon 88 Resources Inc., (OCTX) announce that the Manning Projects Operator (CEC North Star) has confirmed it has received the drilling license required for the spudding of the first production test well on the Bluesky Gething formation.
Dune Energy, Inc. (OCTBB:DUNR) announced results for the fourth quarter and calendar year 2013 and provided an operational update.
On 28 February, BP completed the purchase of all interests previously held by Japan's Mitsui Chemicals, Inc. (MCI) and Mitsui & Co.
Argent Energy Trust (TSX: AET.UN) notes that there continues to be high trading volume and price volatility in Argent units over the past few days, which may be related to recent analyst reports.
Arabella Exploration, Inc. (OTCQB: AXPLF) announced the following updates on its oil and gas exploration operations.
Libyan Prime Minister, Ali Zidan, and Eni's CEO, Paolo Scaroni, met today in Rome to discuss Eni's activities in Libya and the energy sector in the Country. During the meeting, Prime Minister Ali Zidan reiterated the importance Eni's historical presence in Libya and emphasised that at present the company contributes half of overall Libyan hydrocarbon production, ensuring the generation of electricity for local use.
Progress Energy Canada Ltd., Pacific NorthWest LNG Ltd.
Crew Energy Inc. (TSX:CR) of Calgary, Alberta is pleased to present its operating and financial results for the three month period and year ended December 31, 2013.
MNP Petroleum Corporation (TSX VENTURE: MNP) (OTCQB: MNAP) provide additional information about its Tajikistan Exploration Project and its shareholding in Petromanas Energy Inc. MNP is currently creating a consortium consisting of financing and operational entities for its ongoing activities in Tajikistan.
Southcross Energy Partners, L.P.
ENTREC Corporation (TSX VENTURE:ENT) announced that it has closed a new $240 million senior secured asset-based credit facility (the "ABL Facility") with a syndicate of lenders led by Wells Fargo Capital Finance Corporation Canada. The syndicate of lenders also includes The Bank of Nova Scotia, Canadian Western Bank, The Toronto-Dominion Bank, and National Bank of Canada.
Baker Hughes Incorporated (NYSE: BHI) announced that the international rig count for February 2014 was 1,341, up 16 from the 1,325 counted in January 2014, and up 66 from the 1,275 counted inFebruary 2013. The international offshore rig count for February 2014 was 318, up 16 from the 302 counted in January 2014, and down 5 from the 323 counted in February 2013.
Tower Resources plc (TRP.L, TRP LN), the AIM listed Africa focussed oil and gas exploration company, announces the following exercise of Options.
Bergen Group has decided to accelerate the process of reducing the Group's future involvement in the shipbuilding business in favor of a more dedicated focus on offshore related activities. As a part of this process, Bergen Group has entered into an agreement of selling two of the remaining shipbuilding projects to the shipyard group Kleven located in Sunnmøre, Norway.
Songa Venus achieved an operational efficiency of 100% and an earnings efficiency of 98% during the month working for Mubadala Petroleum in Malaysia. Songa Mercur achieved an operational efficiency of 100% and an earnings efficiency of 100% during the month working for Idemitsu in Vietnam.
Iona Energy Inc. (TSX VENTURE:INA) is pleased to announce an operational update related to its Huntington Oil Field located in the UK North Sea.
Warren Resources, Inc. (Nasdaq:WRES) announced its 2013 production, 2013 estimated proved oil and gas reserves, and 2014 capital budget.
BPZ Energy (NYSE:BPZ) (BVL:BPZ) provided summary financial and operational results for the fourth quarter and full year ended December 31, 2013 along with recent results on the Albacora A-19D well. Full year 2013 and year-to-date 2014 highlights for BPZ Energy include: Initiated the Block Z-1 development drilling campaign at both the Corvina CX-15 and Albacora platforms.
Lubbers Transport Group (LTG), the upstream oil and gas logistics specialist, has signed a contract worth £3million with Centrica Energy's exploration & production business. The deal will see LTG handle part of Centrica Energy's road transport needs in the UK for its exploration and production operations, including local road work in Aberdeen and Great Yarmouth as well servicing routes between the two.
Vallourec has been awarded a $100 million contract for the supply of premium pipes with VAM® 21 connections for the offshore ML-South Project, operated by Total's affiliate Total E&P Borneo in Brunei. After a successful exploration campaign started in 2007, Total has a drilling program starting with 6 development wells from 2015.
AKITA Drilling Ltd. announced that it has approved construction of a new state of the art pad rig for Western Canada, scheduled to be available for use in early 2015.
Cequence Energy Ltd. (TSX: CQE) announce its 2013 operating and financial results for the three months and the year ended December 31, 2013.
Marquee Energy Ltd. (TSXV: MQL) (OTCQX: MQLXF) announce the closing of the acquisition (the "Acquisition") by the Company of certain low decline, operated, producing assets contiguous with the Company's operations at Michichi from Paramount Resources Ltd.
As previously communicated, Athabasca Oil Corporation (TSX: ATH) completed a detailed review of its near term exploration and development priorities late last year with a view to allocate capital between its many development opportunities. As a result, the Company announced an initial 2014 capital budget focused on its key near term priorities, including the completion of Hangingstone Project 1, preparation for a Hangingstone Expansion and a targeted Duvernay drilling and completion program.
STW Resources Holding Corp. (OTCQB: STWS) announced that it completed $6 million in new financing to meet its accelerating growth.
Oceaneering International, Inc. (NYSE: OII) announced the appointment of Knut Eriksen to Senior Vice President, Business Development.
Welltec Corporation announce the award of a three year, direct contract from Esso Exploration Angola (Block 15) Limited (Esso Angola), Operator of Angola Block 15, for the provision of conveyance and well intervention services including clean-out and mechanical manipulation. Welltec® technologies and services increase flexibility and reduce the mobilization time for key intervention operations compared to conventional intervention methods utilizing coiled tubing or jointed pipe.
| Friday, March 07, 2014
SeaBird Exploration Plc announce that the Voyager Explorer has been awarded a contract for a 2D seismic survey with a national oil company in the Asia Pacific region. The contract has an estimated duration of approximately 20 days and an estimated value of approximately USD 2 million.
Gear Energy Ltd. (TSX:GXE) announce that it has agreed with the underwriters for its bought-deal financing announced today to increase the size of the bought deal financing to 14,000,000 common shares from 12,500,000 common shares at a price of $4.
SeaBird Exploration Plc announce that Osprey Explorer has been awarded a contract in South America for a major oil company. The contract has an estimated duration of approximately 75 days and a value of approximately USD 9 million.
Enbridge Inc. (TSX:ENB) (NYSE:ENB) announced today that after a rigorous and thorough regulatory review process, Canada's pipeline regulator, the National Energy Board (NEB) has approved the flow reversal and expansion of Enbridge's Line 9B between Westover, Ontario and Montreal, Quebec.
Petrobank Energy and Resources Ltd. (TSX:PBG) and Touchstone Exploration Inc.
NuVista Energy Ltd. (TSX:NVA) announce results for the three and twelve months ended December 31, 2013 and provide an update on its future business plans.
Buccaneer Energy Limited (ASX: BCC) advises that it has engaged Conway MacKenzie, Inc., to assist the company in its financial management and evaluation of strategic alternatives.
The Directors of Liquefied Natural Gas Limited (Company) are pleased to advise that the United States Department of Energy (DOE), has granted authorisation for Magnolia LNG, LLC (wholly owned by the Company), to export an additional 4 million tonnes per annum (mtpa) of LNG, from its proposed LNG project site at the Port of Lake Charles, Louisiana (Magnolia LNG Project). This follows the DOE's initial approval granted on 26 February 2013 to export up to 4 mtpa of LNG to Free Trade Agreement (FTA) countries with the United States.
Rimrock Midstream, LLC announced that it has closed on the acquisition of an eastern Kansas crude oil pipeline system from Rose Rock Midstream Crude, L.P.
Oilex Ltd (ASX: OEX, AIM: OEX) announce that Cambay-77H horizontal production well drilling operations commenced on 07 March 2014 with the successful completion of a six (6) hour commissioning period at 1230 hours IST. The rig is currently drilling ahead at 76m Measured Depth (MD).
McDermott International, Inc. (NYSE: MDR) announced that one of its subsidiaries has been awarded a contract by Brunei Shell Petroleum Company Sdn.
Independent Oil and Gas plc, (AIM:IOG.L), the North Sea focused Oil and Gas Company, is pleased to announce that a substantial US financial institution has confirmed credit committee approval to provide IOG North Sea Ltd, a wholly owned subsidiary of IOG, with a US$50 million senior secured borrowing base facility (the "Facility").
Ruspetro plc (LSE: RPO) announces that the Company and Sberbank Capital LLC have agreed to amend the terms of the Option Agreement with Sberbank Capital as follows: (i) The Put Exercise Period has been deferred and is now exercisable between 30 April 2015 to 29 April 2016 inclusive, previously exercisable between 24 January 2014 and 24 January 2015; and (ii) The Put Exercise Price has been amended to 121.94p per share (being the IPO offer price of 134p per share less 9%) from 107.
Tethys Petroleum Limited (TSX:TPL) (LSE:TPL), the oil and gas exploration and production company focused on Central Asia and the Caspian Region, is pleased to announce that AKK17, the first shallow gas exploration well of its 2014 programme has been successful. Analysis of data from the well indicates it to be similar to the AKK15 well which tested gas at a stable rate of approximately 7 million cubic feet (195,000 cubic metres or 1,167 barrels oil equivalent) per day, and the AKK17 appears likely to test at a comparable rate.
Taipan Resources Inc. (TSX VENTURE:TPN) announce that BGP has completed an additional 196.
| Thursday, March 06, 2014
EnerJex Resources, Inc. (OTCQB: ENRJ) announced that it has commenced natural gas production from the previously announced J-Sand well.
Petroamerica Oil Corp. (TSX-V:PTA) announce a farm out of its El Porton Block and provide an operations update for its drilling and production activities in Colombia (note: all financial amounts are shown in United States Dollars unless otherwise stated).
Donald Benson, President and CEO of Nordic Oil and Gas Ltd. (TSX VENTURE:NOG), announce the Company has acquired an average of 80% interest in 1,179 hectares of land from Quattro Exploration and Production Ltd.
Breitling Energy Corporation (OTC:BECC) announced that its previously reported new oil discovery in Taylor County, Texas, the Teaff #1, began producing on February 11, 2014. The well has averaged 40 to 50 barrels of oil per day while pumping only 6 hours per day while the Company expands its onsite production equipment.
Cardinal Energy Group, Inc. (OTCQB: CEGX) announce that it has finalized the previously announced Purchase Sale Agreement to acquire the Powers-Sanders Lease located in Shackelford County, Texas.
Royale Energy, Inc. (Nasdaq:ROYL) announced that it has completed the field acquisition of its planned seismic survey over the western block of its Alaska North Slope acreage.
Gear Energy Ltd. (TSX:GXE) announce that it has entered into an agreement with a syndicate of underwriters co-led by FirstEnergy Capital Corp.
MEG Energy Corp. announced the filing of the corporation's 2013 year-end disclosure documents and a new appointment to its Board of Directors.
TrinCan Capital Corp. (TSXV-TRN) announces the following changes to management and the board of directors.
Commenting on fourth quarter and year end results, Steve Laut, President of Canadian Natural stated, "2013 was a solid year for Canadian Natural as we achieved significant progress in our transition to longer life, low decline assets. We achieved record cash flow of approximately $7.
American Sands Energy Corp. (OTCBB:AMSE) announced that it has completed the submission of its Notice of Intention to Commence Large Mining Operations ("NOI"), or Mining Permit Application, to the Utah Division of Oil, Gas & Mining.
Jura Energy Corporation (TSX:JEC) announced that it has entered into an amended C$ 11 million loan agreement ("the Facility") with its principal shareholder, Eastern Petroleum Limited ("EPL"), pursuant to which the Maturity Date of the Facility has been extended for a period of six months. The Facility is now repayable at the demand of EPL on the earlier of (i) August 20, 2014 and (ii) ten (10) business days after the closing of a debt or equity financing by Jura for an aggregate amount in excess of amounts drawn down under the Facility.
Canacol Energy Ltd. (TSX:CNE)(OTCQX:CNNEF)(BVC:CNEC) provide an update of the testing operations from the La Luna Formation in the Mono Arana 1 exploration well pursuant to the VMM2 Exploration and Production ("E&P") Contract covering the Middle Magdalena Basin of Colombia.
Oil Search reports that at 06:00 hours KRI time on 5 March 2014, the Taza 2 well was at a depth of 2,611 metres and in the process of setting the 13-5/8' casing before drilling ahead in a 12-1/4' hole. Drilling progress for the week was 173 metres.
Purpose This report aims to explore and explain the capability challenges now facing the Upstream Oil & Gas industry. A product of detailed discussions with numerous industry leaders, it highlights the principal approaches the industry is taking to tackle these problems and suggests further required changes.
Oil Search reports that as at 06:00 hours PNG time on 6 March 2014, preparations were underway to plug back and suspend the Mananda 7 ST4 well as a potential future oil producer. During the week, the well reached total depth of 2,540 metres in an 8- ½' hole, encountering hydrocarbons in the Toro and Digimu sands as expected.
Bechtel, a global leader in planning, designing, and building port and marine projects, has been selected by LIGTT Project Company LLC to provide management services for the pre-construction of the Louisiana International Gulf Transfer Terminal. The innovative new cargo transfer terminal off Louisiana's Gulf Coast will be the largest deep-water port in the United States and will cater to the new classes of larger, more economical ships.
A new £20 million three-year programme that will support research to develop new low carbon manufacturing processes and technologies, low carbon cities and offshore renewables in the UK and China was agreed yesterday, Wednesday 5th March 2014. Representatives from the National Natural Science Foundation of China (NSFC) and the Engineering and Physical Sciences Research Council (EPSRC), as part of the Research Councils UK (RCUK) Energy Programme, signed a new memorandum of understanding (MoU) at a meeting in London which was witnessed by the UK's Minister of State for Climate Change, Greg Barker.
Recent unrest in Ukraine has sparked renewed calls for the Department of Energy to quickly approve long-delayed exports of U.S.
PetroFrontier Corp. announces that Ms.
Change required to prevent future disasters, industry warned Experts from the global oil and gas industry have heard that a catastrophic disaster can - and will - happen again if the lessons of Macondo and other similar incidents are not learned and shared routinely. The stark warning was issued to delegates at SPE Aberdeen's Another Perspective on Risk conference in Aberdeen, which was organised to address the shocking number of incidents occurring in recent years despite the horrifying images of the Deepwater Horizon being beamed around the world.
EMAS, the operating brand of Ezra Holdings, a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, today announced that the Group has been awarded subsea construction and offshore support contracts in Asia Pacific and West Africa with a combined value exceeding US$125 million, including options. Following contract wins in January, EMAS AMC continued its momentum with subsea contracts awarded in West Africa and Asia, including a deepwater pipeline installation project in the South China Sea.
Perpetual Energy Inc. report its fourth quarter and year end 2013 financial and operating results.
Archer, a global supplier of drilling and well services, has secured a contract for the provision of drilling services with Talisman Sinopec Energy UK Limited. This contract marks the first operation using the Archer Emerald modular rig on the U.
PETRONAS' subsidiaries Malaysia LNG Sdn Bhd (MLNG) and PETRONAS LNG Limited (PLL) have signed two contracts to supply CPC Corporation of Taiwan with a total of up to 2.6 million tonnes per year (mtpa) of liquefied natural gas (LNG), for a period of six years.
Norwest Energy NL (ASX: NWE) reports that field activities at the Arrowsmith-2 well, comprising the 14-day well test and production logging program, have been successfully concluded. The analysis and interpretation of the dataset from this final test work to evaluate the contribution of gas and fluids from each of the perforated target intervals is currently in progress.
Legacy Oil + Gas Inc. (TSX: LEG) is pleased to announce its 2013 year-end reserves and provide an operational update.
Petromanas Energy Inc. (TSXV: PMI) has been advised that DWM Petroleum AG ("DWM"), previously the company's largest shareholder, today disposed of 40 million common shares at market prices, primarily to institutional investors purchasing through Haywood Securities Inc.
Bellatrix Exploration Ltd. announces the results of an independent reserve evaluation effective December 31, 2013.
Brinx Resources Ltd. (OTCQB: BNXR) announce that the fifth well of the Oklahoma-2013 multi-well exploration drilling program has begun.
The directors and management of Strata-X Energy Ltd. (TSX VENTURE:SXE)(ASX:SXA) are pleased to announce that the Company has signed a Purchase and Sale Agreement with an undisclosed third party ("Seller") to acquire a producing horizontal well and approximately 23,595 net acres of exploration leases (the "Assets") adjacent to the Company's existing Vail Oil Project ("Transaction").
Artek Exploration Ltd. (TSX:RTK) of Calgary, Alberta provide an operational update and announce the results of its independent reserve evaluation for the year ended December 31, 2013 (the "Sproule Report") as prepared by Sproule Associates Limited ("Sproule").
McDermott International, Inc. (NYSE: MDR) announced that one of its subsidiaries has been awarded a large engineering, procurement, construction and installation ('EPCI') project by an operator in the Arabian Gulf.
Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) has been awarded a major(1) subsea contract by Eni Muara Bakau B.V.
Liquefied Natural Gas Limited (the Company) is pleased to advise that Magnolia LNG LLC (MLNG), its 100% owned subsidiary, has executed a non-binding Tolling Agreement Term Sheet (Agreement), with AES Latin American Development, Ltd (AES) which is a wholly owned subsidiary of The AES Corporation Group (NYSE: AES). The Agreement is for LNG production capacity rights of between 800,000 tonnes per annum (tpa) and 1 million tpa from MLNG's proposed Magnolia LNG Project (described below), in Lake Charles, Louisiana, United States of America (MLNG Project).
The industry's latest report card, by respected energy economics group, EnergyQuest, shows the country's oil output for calendar 2013 was the lowest since 1970, plummeting 18.6% to 71.
AWE Limited (ASX: AWE) reports that as at 06:00 hours (6.00am NZDT) today, the Pateke-4H development well had been drilled to a total measured depth of 4,110 metres and an inclination of 89 degrees.
Hunting PLC (LSE:HTG) the international energy services group today announces its full year results for the year ended 31 December 2013. Following the change in presentational currency announcement on 5 December 2013, these results are reported in US dollars.
Kentz Corporation Limited (LSE: KENZ) announce the award of Phase 2 of the Moatize Coal Mining Project by multinational mining and metals corporation Vale in Tete Province Mozambique. The project, being one of the largest coal mining operations on the African continent, is welcome progress for the mining sector in sub-Saharan Africa.
| Thursday, March 06, 2014
Genel Energy plc announces its preliminary audited results for the year ended 31 December 2013. Results summary 2013 2012 Revenue ($million) 347.
Further to the press release dated 27 February 2014, reconfirming the successful appeal of an administrative fine of 212.6 billion Tenge against JSC Ozenmunaigas ("OMG"), JSC KazMunaiGas Exploration Production ("the Company") is today pleased to announce that the Specialized Administrative Court in Aktau of Mangistau region ("the Court") has ruled that the case has been dismissed and there is no avenue for appeal, but there remains the remote possibility that the Court's ruling can be revisited by the prosecutor's office.
Great Eastern Energy Corporation Limited (LSE: GEEC), the fully integrated, leading Indian Coal Bed Methane ("CBM") Company, is pleased to announce that in relation to the Draft Red Herring Prospectus ("DRHP") of the Company, the Securities and Exchange Board of India ("SEBI") has vide its letter dated March 5, 2014 ("Letter") has given its final observations on the DRHP filed with SEBI. The Company will endeavor to take all the appropriate steps to list its equity shares on the Indian stock exchanges at the earliest, subject to receipt of requisite approvals, market conditions and other considerations.
Quadrise announce that it has raised £10.7 million before expenses by way of a placing of new ordinary shares with institutional and other investors (the 'Placing').
Faroe Petroleum announce an oil and gas discovery on the Pil exploration well in the Norwegian Sea (Faroe 25%). The Pil well (6406/12-3S) encountered a gross hydrocarbon-bearing reservoir section with approximately 135 metres of oil and 91 metres of gas in the Jurassic reservoir of the Rogn Formation, which has proved to be an effective reservoir at the Shell-operated Draugen oil field, located 60 kilometres to the north east.
W Resources Plc (AIM:WRES), a tungsten and gold exploration and development company with assets in Spain and Portugal, announces that 1,500 metres of core drilling has commenced at its Tarouca Project, which covers former tungsten and tin mines located 400 km north of Lisbon. The first hole intersected tungsten mineralisation at 15 metres and W expects strong results from the drilling programme, which will be completed over the next four months.
Kelt Exploration Ltd. has expanded its capital expenditure budget to $250 million for 2014, up from $130 million.
Rockdale Resources Corporation (OTC QB: BBLS) announced the drilling of three new oil wells on the Company's existing 623 acre lease in the Minerva-Rockdale Field, approximately 50 miles northeast of Austin. The Company has recently raised new equity capital in connection with its previously announced private placement of the company's common stock.
Quicksilver Resources Inc. (NYSE:KWK) announces its execution of a purchase and sale agreement along with SWEPI LP, to sell to Southwestern Energy Production Company all of their jointly owned holdings in the Sand Wash Basin for cash proceeds of $180 million to be allocated equally between Quicksilver and SWEPI LP, subject to customary due diligence and other closing conditions.
KKR announced the final closing of KKR Energy Income and Growth Fund I ('EIGF' or the 'Fund'). EIGF (together with related co-investment vehicles) represents a $2.
Exxon Mobil Corporation (NYSE:XOM) expects to start production at a record 10 major projects in 2014, adding new capacity of approximately 300,000 net oil equivalent barrels per day and contributing to profitable production growth, Rex W. Tillerson, chairman and chief executive officer, said today.
PRD Energy Inc. (TSX VENTURE:PRD) announced initial flow rates from the Boerger 7A horizontal well.
Earnings in the fourth quarter of 2013 were $0.08 per share ($6.
InterOil Corporation (NYSE: IOC; POMSoX:IOC) announced that following the approval of the drilling plan by the Papua New Guinea Department of Petroleum and Energy it has started drilling its Bobcat-1 exploration well in Petroleum Prospecting Licence 238 in the Gulf Province of Papua New Guinea. Bobcat-1 is an exploration well designed to assess the hydrocarbon potential of the carbonates within the Bobcat structure and gather data on shallow marine carbonate reservoir presence, quality and preliminary hydrocarbon volumes.
Southwestern Energy Company (NYSE: SWN), through its wholly owned subsidiary Southwestern Energy Production Company, announced that it has signed an agreement to purchase approximately 312,000 net acres in northwest Colorado targeting crude oil, natural gas liquids and natural gas contained in the Niobrara formation from Quicksilver Resources Inc. (NYSE: KWK) and SWEPI LP, a wholly owned subsidiary of Royal Dutch Shell plc (NYSE: RDS.
BNK Petroleum Inc. (TSX:BKX) announced that it has entered into an agreement with a syndicate of underwriters led by Macquarie Capital Markets Canada Ltd.
Gazprom Neft has completed laying, testing and connecting a 165 km oil pipeline from the Badra field, which the Company operates in Iraq, to the Gharraf oilfield (Nasiriyah district, Iraq). With infrastructure already in place at Gharraf, completion of the pipeline from Badra means that the field is now connected to the main Iraqi pipeline system.