OilEarth
Home         Opinion & Commentary         Most Popular         Regions         Contact

Welcome to OilEarth

Quality Oil & Gas news for your iPad or tablet. Our news is powered by our parent site - OilVoice.

Statoil calls time-out in Kwanza exploration drilling program

Statoil has decided to cancel the Stena Carron rig contract after fulfilling the work commitments in the Statoil-operated blocks 38 and 39 in the Kwanza basin offshore Angola. The rig contract will cease with effect from 21 November 2014.
Africa | Friday, November 21, 2014

Canadian Quantum announces production test

Canadian Quantum Energy Corporation (TSX VENTURE:CQM) announced today that the Company has drilled a well on its Alexander property located just north-west of Edmonton. The 15-11-56-27W4 well was originally drilled for the Detrital sand but has since been completed in the upper Ellerslie "Calahoo" zone, which is a good producer in the area.
North America | Friday, November 21, 2014

BG Group brings new production onstream in Brazil

BG Group (LSE: BG.L) today announced the start-up of the Cidade de Ilhabela floating production, storage and offloading (FPSO) vessel.
South America | Friday, November 21, 2014

Rockefeller Hughes provides announces operational update

Rockefeller Hughes Corporation (TSX VENTURE:RHC) listed on the TSX Venture Exchange ("RHC"), is pleased to provide the following company and operational update. Halo Project, Robertson County, Texas: The Company is pleased to announce the closing of an exchange agreement with our partner in the Halo Project in East Texas.
North America | Friday, November 21, 2014

Talisman and Ecopetrol make hydrocarbon discovery in Block CPO-9, Colombia

Talisman Energy Inc. (TSX:TLM) (NYSE:TLM) affiliate Talisman (Colombia) Oil & Gas Ltd.
South America | Friday, November 21, 2014

Oil price, Ophir/Salamander, Parkmead, President, Sundry-Technip-Lansdowne, And finally…

Oil price So, lets establish the rules for next week ahead of the Opec meeting shall we? Firstly as someone amusingly once said, in this fight there are no rules, this applies to Opec meetings as much, if not more, than a Saturday night brawl outside a pub. Next week the one thing that can be guaranteed is that everyone with any sort of interest in the oil price will either say something positive or find someone who can.
North America | Friday, November 21, 2014

Genel Energy abandon well in offshore Angola

Genel Energy plc ('Genel') announces that the Jacaré -1 exploration well on Block 38 offshore Angola (Genel 7.5% working interest) has been plugged and abandoned.
Africa | Friday, November 21, 2014

Keystone XL was theater, but it was good theater

This week's Keystone XL drama in the US Senate was flush with the political party infighting, partisan sniping and naked political theater that critics of Washington, DC tend to hate most. It also included the political party infighting, partisan sniping and naked political theater that Beltway media and cable news junkies tend to love most.
North America | Friday, November 21, 2014

Australian junior chases Rocky Mountain oil and natural gas high

A small Australian upstream company, with the appropriate name of American Patriot Oil and Gas, is hoping to achieve what several of its peers have been unable to do: turn a little into a lot in the US market. American Patriot's business model is simple, yet crucially different from that pursued by some other small Australian companies that have burned through their own capital trying to make a go of it in US conventional and unconventional oil and gas, according to the company's CEO Alexis Clark.
North America | Friday, November 21, 2014

CGG confirms another client commitment to its StagSeis Solution in the Gulf of Mexico

CGG announced today another significant commitment from an Exploration and Production company to its StagSeisTM multi-client solution in the Gulf of Mexico, this time with an earlier prefunder expanding their position. Following completion of acquisition in October, StagSeis presales of all three surveys, IBALT, DEUX and TROIS, have continued to strengthen, both with new companies joining, and with repeat customers increasing their commitments.
North America | Friday, November 21, 2014

Cadogan Petroleum make interim statement on political situation and operations

This interim management statement, issued in accordance with the UK Listing Authority's disclosure and transparency rules, relates to the period from 1 July 2014 to 20 November 2014. Introduction The Company published its Half Yearly Report for the six months to 30 June 2014 on 27 August 2014.
Russia FSU | Friday, November 21, 2014

Parkmead Group report pleasing preliminary results

Parkmead, the UK and Netherlands focused oil and gas group, is pleased to report its preliminary results for the year ended 30 June 2014. HIGHLIGHTS Successful Exploration and Appraisal Programme Awarded five additional oil and gas blocks in the UK 27th Licensing Round, resulting in a total award of 30 blocks across the North Sea, West of Scotland and West of Shetlands Two new gas discoveries, at Pharos in the UK Southern Gas Basin and Diever West onshore the Netherlands Site survey completed at the exciting Skerryvore oil prospect in the Central North Sea, ahead of exploration drilling planned for 2015 Post year-end, major licence awards in the UK 28th Licensing Round, gaining stakes in six new licences, spanning nine blocks across the Central and Southern North Sea The new licence awards take Parkmead's total number of oil and gas blocks across the UK and the Netherlands to 61, with 48 of these being operated by the GroupMajor Growth in Production.
West Europe | Friday, November 21, 2014

Ophir Energy update on recent drilling in Tanzania

Operational Update Ophir Energy plc announces an operational update on recent drilling in Tanzania. The Tende-1 well was drilled in East Pande by the Deepsea Metro I drillship in a water depth of 781m to a total depth of 4,153m targeting the Cretaceous-aged Tende prospect.
Africa | Friday, November 21, 2014

Ophir Energy makes possible offer for Salamander Energy

The Boards of Salamander Energy plc and Ophir Energy plc are pleased to jointly announce today the proposed terms of a possible share exchange offer for the entire issued and to be issued share capital of Salamander (the "Proposed Offer"). Offer Terms Under the terms of the Proposed Offer, Salamander shareholders would be entitled to receive the following consideration: 0.
West Europe | Friday, November 21, 2014

Technip to supply high technological flexible pipes for Tupi BV Iracema North Pre-Salt Field

Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) was awarded a contract from Tupi BV, a consortium controlled by Petrobras Netherland BV (PNBV, 65%) and constituted also by BG (25%) and Galp (10%), for the ongoing development of the Iracema North field, located in the Santos Basin pre-salt area, Brazil. Aiming to meet pre-salt challenges, the contract covers the supply of 114 kilometers of flexible pipes, including: gas lift, gas injection and gas export lines.
South America | Friday, November 21, 2014

CAODC predict 10% less drilling in 2015

The Canadian Association of Oilwell Drilling Contractors (CAODC) has released its 2015 Drilling Activity Forecast. The forecast projects a 10% decrease in activity from 2014.
North America | Friday, November 21, 2014

Pacific Energy Development begins Loomis Wells completion operations

PEDEVCO Corp. d/b/a Pacific Energy Development (NYSE MKT: PED), an energy company engaged in the acquisition and development of strategic, high-growth energy projects in the U.
North America | Friday, November 21, 2014

MCW Energy Group's projected oil sands extraction production costs compare favourably to Alberta Oil Sands' average

MCW Energy Group Limited ("MCW") (TSX VENTURE: MCW) (OTCQX: MCWEF), a Canadian holding company involved in fuel distribution and the creation of oil sands extraction technology, today announced the publication of MCW's average production costs by the current issue of Bloomberg's Business Week Magazine. The article, titled "Cleaner Oil Sands.
North America | Thursday, November 20, 2014

Ineos to invest £640 million in UK shale gas exploration

Ineos has announced plans to invest £640 million in shale gas exploration in the UK. The company said it had applied for numerous exploration blocks in an ongoing licensing round run by the Department of Energy and Climate Chang Chief executive of Ineos Upstream, Gary Haywood, said: 'I want Ineos to be the biggest player in the UK shale gas industry.
West Europe | Thursday, November 20, 2014

PetroNova spuds first well in its Llanos Basin drilling campaign

PetroNova Inc. (TSX-V: PNA) announce its operational and financial results for the three and nine months ended September 30, 2014 and that it has spud the first of four planned wells at its Pendare discovery on the CPO-13 Block (in which PetroNova has 20 percent working interest).
South America | Thursday, November 20, 2014

Mountainview Energy announces initial production of 700 boe per day from BJNJ 30-31-1H well

Mountainview Energy Ltd. (TSXV: MVW) provides an operational update on its recent three-well drilling program.
North America | Thursday, November 20, 2014

Apache Corporation announces sale of non-core Southern Louisiana and certain Anadarko Basin oil and gas assets

Apache Corporation (NYSE, Nasdaq: APA) will provide an update to investors at its North American Update conference in New York today. Highlights from the Update include: Apache forecasts 2015 North American onshore liquids growth of 12 to 16 percent when adjusted for 2014 asset sales.
North America | Thursday, November 20, 2014

Hyperion Exploration to be acquired by Tri-Win International Investment Group Inc.

Hyperion Exploration Corp. (TSX VENTURE:HYX) announce that it has entered into an agreement (the "Arrangement Agreement") with Tri-Win International Investment Group Inc.
North America | Thursday, November 20, 2014

Blackbird Energy appoints Garth Braun as Chairman

Blackbird Energy Inc. (TSX VENTURE:BBI) announce that it has filed its audited financial statements and related management's discussion and analysis for the year ended July 31, 2014 on SEDAR at www.
North America | Thursday, November 20, 2014

Venoco, Inc. announces 3rd quarter 2014 financial and operational results

Venoco, Inc. report financial and operational results for the third quarter of 2014.
North America | Thursday, November 20, 2014

International influence growing in Canadian Oil Sands

According to CanOils new report “The Canadian Oil Sands Outlook 2015” the Canadian Oil Sands industry looks set to have capacity to produce over 3 million barrels per day (bbl/d) by the end of 2015, with production likely to approach around 2.5 million bbl/d.
North America | Thursday, November 20, 2014

Breitburn Energy Partners acquires QR Energy

BreitBurn Energy Partners LP (NASDAQ:BBEP) announced that it completed the acquisition of QR Energy, LP on November 19, 2014. In connection with the acquisition, Breitburn has elected Donald D.
North America | Thursday, November 20, 2014

SPDC completes sale of oil mining lease 24 in Nigeria

The Shell Petroleum Development Company of Nigeria Limited (SPDC), a subsidiary of Royal Dutch Shell plc (Shell), has completed the assignment of its 30% interest in Oil Mining Lease 24 (OML24) and related facilities in the Eastern Niger Delta to Newcross Exploration and Production Limited (Newcross). Total cash proceeds for Shell amount to some $600 million.
Africa | Thursday, November 20, 2014

Empire agrees to sell last of its Carnarvon Basin tenements

Empire Oil & Gas (ASX: EGO) is pleased to advise that it has taken another key step in its strategy to unlock the value of its Perth Basin assets, signing an indicative agreement to sell its remaining acreage in WA's onshore Carnarvon Basin. Empire will sell its subsidiary company, Rough Range Oil Pty Ltd that holds its remaining six Carnarvon Basin tenements to Bounty Oil & Gas NL (ASX: BUY) for a small cash sum and royalty based payments on future production.
Australasia | Thursday, November 20, 2014

Signal Hill Petroleum successfully conducts 1st aerial gravity gradiometry survey of Los Angeles Basin

Signal Hill Petroleum, Inc. (SHP), an energy company specializing in urban oil and gas production and exploration, has recently completed the first airborne Full Tensor Gravity Gradiometry (FTG) survey of the Los Angeles Basin.
North America | Thursday, November 20, 2014

Primeline signs project finance contract

Primeline Energy Holdings Inc. (TSX VENTURE:PEH) announces that the binding documentation for the project finance facility for the financing of its share of the costs to complete the LS36-1 gas field development ("Development") has now been finalised and was signed by Primeline and the financing banks on 17th November 2014.
Asia Far East | Thursday, November 20, 2014

Neste Jacobs selected to implement Norilsk Nickel LNG station in Harjavalta, Finland

Technology, engineering and project management company Neste Jacobs will perform Project Management, Engineering, Procurement and Construction Management services to construct Norilsk Nickel LNG Station in Harjavalta, Finland. Neste Jacobs will carry out the project during the years 2014 to 2015.
East Europe | Thursday, November 20, 2014

Legend Oil and Gas releases report for third quarter 2014

The Legend Oil and Gas, Ltd.(LOGL) quarterly report at September 30, 2014, continues to indicate many items that reflect the corporate restructuring which began in June of this year.
North America | Thursday, November 20, 2014

October 2014 production and sales report from Misen Energy AB

During October 2014, the Joint Activity (JA) led by Misen Energy AB (publ) (Misen) produced a total of 55.1 million cubic meters (mmcm) of natural gas, 2.
Russia FSU | Thursday, November 20, 2014

Alvopetro announces third quarter financial and operating results and 2015 capital plan

Alvopetro Energy Ltd. (TSX VENTURE:ALV) announce our third quarter 2014 financial and operating results and 2015 capital plan.
North America | Thursday, November 20, 2014

Continental Energy posts first quarter 2015 results

Continental Energy Corporation (OTCQB: CPPXF) an emerging international energy investment company established to acquire participating interests in conventional, alternative, and renewable energy generation and distribution projects focused on the developing countries of the "Indian Ocean Rim", announce the filing of its unaudited, condensed interim financial statements and management's discussion and analysis for its first quarter of fiscal 2015 ended 30 September 2014. Complete copies of these interim statements are available for download from the SEDAR website at www.
Asia Far East | Thursday, November 20, 2014

Global petrochemical prices fell 4% in October

Prices in the $3-trillion-plus global petrochemicals market extended its fall by 4% in October, as upstream energy prices continued to slide. Petrochemical prices, expressed as a monthly average, fell to $1,324 per metric ton (/mt) from $1,384/mt in September, according to the just-released monthly Platts Global Petrochemical Index (PGPI).
North America | Thursday, November 20, 2014

Shoreline Energy announces the closing of sale of its Wattenburg working interests for net proceeds of US$4.1 million

Shoreline Energy Corp. (TSX:SEQ) announce that it has closed the sale of its Wattenburg working interest assets for net proceeds of US$4.
North America | Thursday, November 20, 2014

Victory Energy announces preliminary third quarter 2014 results

Victory Energy Corporation, (OTCQX: VYEY) a rapidly growing, Permian Basin focused oil and gas company, today announced operating results for the three months and nine months ended September 30, 2014. 2014 Third Quarter Highlights (Unaudited) $5.
North America | Thursday, November 20, 2014

Hydrocarb Energy Corporation announces ongoing joint venture discussions

Hydrocarb Energy Corporation (OTCQB: HECC) confirmed ongoing discussions with several international energy firms expressing interest in the company's Owambo Basin Concession in Namibia. Hydrocarb has executed three Confidentiality Agreements to date with firms interested in forming a Joint Venture to explore the concession blocks in northern Namibia comprising 21,300 sq.
North America | Thursday, November 20, 2014

Oil price, Ineos, Wood Group, Sundry-Tangiers- And finally...

Oil price Another quiet day at the office for oil traders, this time next week will be the Opec meeting and of course Thanksgiving Day. The Libyan Oil Minister has said that he thinks Opec will 'scale back to their original 30m b/d target' which, even if adhered to would not represent enough to placate markets, that would mean an Opec cutback of up to 1m b/d.
West Europe | Thursday, November 20, 2014

Dejour Energy expands Woodrush Project

Dejour Energy Inc. (NYSE MKT: DEJ / TSX: DEJ) updates current development progress underway at the Woodrush/Hunter Project ('Woodrush') in NE B.
North America | Thursday, November 20, 2014

Oyster Petroleum farms in to further UK North Sea licence

Oyster Petroleum Limited announces that it has entered into a farm-in agreement whereby, in exchange for covering certain well costs on drilling, Oyster Petroleum will acquire a 30% interest in licence P.2132, covering blocks 16/11b and 16/16 in the South Viking Graben of the UK North Sea.
West Europe | Thursday, November 20, 2014

Technip approaches CGG to create a first tier oil and gas services provider

Following information released in the press, Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) announces that, on Monday, November 10, 2014, it approached CGG to create a first tier oil and gas services provider. The proposed transaction would take the form of a public tender offer in cash for CGG's shares at a price of 8.
West Europe | Thursday, November 20, 2014

FAR completes drilling operations on the SNE-1 well

FAR Ltd (ASX: FAR) and its Joint Venture (JV) partners have completed drilling operations on the SNE-1 well in Senegal and plans are now underway to appraise the discovery. Having discovered oil in the upper Albian sandstone target, no hydrocarbons were subsequently encountered in the deeper target of karstified and fractured Lower Cretaceous shelf carbonates.
Africa | Thursday, November 20, 2014

Federal Police announces error in mentioning Downstream Director José Carlos Cosenza

Petrobras has been informed that Police Chief Márcio Adriano Anselmo, of the Federal Police Department's Paraná Regional Superintendent's Office, submitted yesterday (November 19, 2014) official letter to Judge Sérgio Moro, of the 13th Federal Criminal Court of Paraná, stating that a 'material error' was made in mentioning the name of Downstream Director José Carlos Cosenza as one of the 'possible beneficiaries of the illicit advantages within the scope of Petrobras.' The Federal Police stated that the director's name ought to have been mentioned merely 'as the successor of Paulo Roberto Costa.
South America | Thursday, November 20, 2014

Drillsearch appoints Chief Operating Officer

Drillsearch Energy Limited (ASX:DLS) announce a further strengthening of its senior management team with the appointment of Mr Walter Simpson as Chief Operating Officer, reporting to Managing Director Brad Lingo. The most recent role in Mr Simpson's 30-year career in oil and gas was with BG Group subsidiary QGC as Technical & Commercial Director, based in Brisbane.
Australasia | Thursday, November 20, 2014

LUKOIL Overseas doubles oil production during first three quarters of 2014

In the first 3 quarters of 2014, the production of marketable hydrocarbons at LUKOIL Overseas (the operator of LUKOIL's international upstream projects) reached 70 million barrels of oil equivalent - a 44 percent year-on-year increase and a new record for LUKOIL's upstream operations abroad. Oil production more than doubled to reach over 6.
Russia FSU | Thursday, November 20, 2014

TGS announces LOA for 2D surveys over Mexico and US Atlantic

TGS announces that it has signed a Letter of Award (LOA) with Seabird Exploration to acquire up to 300,000 km of 2D seismic data over Mexico and US Atlantic waters. The LOA provides TGS access to charter up to six seismic vessels over a period of approximately 36 months.
North America | Thursday, November 20, 2014

Wood Group announces changes to its senior management team

Alan Semple, chief financial officer (CFO) has advised the board that he intends to retire and step down from his current role and from the board at the company's annual general meeting in May 2015, at which time he will have held senior financial roles with Wood Group for over 19 years. Alan has been CFO and a member of the board since 2000.
West Europe | Thursday, November 20, 2014

Wessex Exploration announces final results for the full year to 30 June 2014

Wessex Exploration PLC announce its audited results for the full year ended 30 June 2014. Operational highlights Conclusion to the Guyane Maritime drilling programme; data interpretation led to identification of new leads and prospects in the, so far untested, Central Area.
West Europe | Thursday, November 20, 2014

Nighthawk Energy provides production update on its Smoky Hill and Jolly Ranch projects

Nighthawk Energy (AIM: HAWK and OTCQX: NHEGY) announces an update on production and drilling at its 100% controlled and operated Smoky Hill and Jolly Ranch projects in the Denver-Julesburg Basin, Colorado. Highlights Average gross oil production from all wells in the calendar month of October 2014 was 1,886 barrels of oil per day ("bopd") and is currently in the 2,500-2,600 bopd range.
North America | Thursday, November 20, 2014

Tangiers Petroleum wins bid for significant interest in US oil and gas project

Tangiers Petroleum Limited announce that it has entered into Binding Agreements to acquire a significant working interest in a large acreage position on a multiple objective, liquids-rich exploration opportunity in onshore North America known as Project Icewine (the "Project"). PROJECT ICEWINE HIGHLIGHTS High working interest (87.
North America | Thursday, November 20, 2014

Raya Group announces that acquisition of leases within USA is underway

Raya Group Ltd (ASX:RYG.AX) announce that acquisition of oil and gas leases within an identified Area of Interest (AOI), in Oklahoma, USA, is underway.
North America | Wednesday, November 19, 2014

Panorama Petroleum provides an update on Block 26

Panorama Petroleum Inc. (TSX VENTURE:PPA) reports that it has received an independent NI 51-101 compliant report prepared for State Petroleum Overseas Inc.
Middle East | Wednesday, November 19, 2014

TransAtlantic Petroleum completes acquisition of Stream Oil & Gas and announces Vice President of Albania

TransAtlantic Petroleum Ltd. (NYSE-MKT:TAT) (TSX:TNP) announce the successful completion of its previously announced acquisition of Stream Oil & Gas Ltd.
East Europe | Wednesday, November 19, 2014

Exploration well LE-1 suspended for further study

The exploration well LE-1 in the eastern part of Block 4 onshore the Sultanate of Oman has been suspended to allow for further studies in the future. An oil sample has been recovered from the well, indicating the presence of medium light oil, which suggests that a petroleum system may be active also in the eastern region of Block 4.
Middle East | Wednesday, November 19, 2014

Oil price, Oil Council, Cairn, Sundry-Shell-Wood Group-Gulfsands-Pantheon and finally...

Oil price There are a number of factors weighing on the oil price at the moment but none so powerful as the Opec meeting next week. It is easy to see that the whole affair will be a damp squib with no reasonable or believable accord which will mean that the oil price drifts further down.
West Europe | Wednesday, November 19, 2014

GeoPark reports results for the third quarter ended September 30, 2014

GeoPark Limited (NYSE: "GPRK"), the Latin American oil and gas explorer, operator and consolidator with operations in Chile, Colombia, Brazil, Argentina, and Peru today reports results for 3Q2014. All figures are expressed in US dollars and growth comparisons refer to the same period of the prior year, except when specified.
South America | Wednesday, November 19, 2014

Deep Well appoints leading petroleum engineer to its Board of Directors

Deep Well Oil & Gas, Inc. (OTCQB:DWOG) announce the appointment of Mr.
North America | Wednesday, November 19, 2014

Kinsale Energy to farm-in to Lansdowne's SEL 4/07 Celtic Sea, offshore Ireland

Lansdowne Oil & Gas plc, a North Celtic Sea focussed oil and gas company, is pleased to announce that it has entered into a farm-in agreement with PSE Kinsale Energy Limited ("Kinsale Energy"), a wholly owned subsidiary of PETRONAS. Under the terms of the agreement, Kinsale Energy will: Acquire an 80% interest and be appointed operator of SEL 4/07 offshore Ireland Fund 100% of the costs of drilling a well on the Midleton prospect Fund Lansdowne's share of the costs of any testing programme up to US$ 2.
West Europe | Wednesday, November 19, 2014

SeaBird Exploration receives Letter of Intent in South East Asia region

SeaBird Exploration Plc announce that it has received a letter of intent for a 2D seismic survey in the South East Asia region. The survey will have an estimated value of USD 12-13 million.
Asia Far East | Wednesday, November 19, 2014

Noreco issues company update

Reference is made to stock exchange notices dated 1 and 15 October 2014, where Norwegian Energy Company ASA ("Noreco" or the "Company") informed of expected impairments of Oselvar and Huntington, and that negative developments in the performance of its producing fields made it unlikely that the Company would be able to comply with its cash covenants towards the end of 2014 and through 2015. In light of the Company's current financial position and outlook as previously reported, it has been concluded that a deferral of bond instalments (NOK 560.
West Europe | Wednesday, November 19, 2014

Oil and gas professionals see growing optimism for American self-sufficiency for crude oil within five years

America today has enough affordable natural gas production to meet rising and changing sources of demand, and the United States also will be self-sufficient in oil in 5-10 years, according to oil and gas decision-makers who participated in a new Deloitte survey titled, "2014 Oil & Gas Survey: The Next Chapter of the Energy Renaissance." Compared with the Deloitte 2012 Oil & Gas Survey, there has been a 150 percent increase in the number of respondents who think the U.
North America | Wednesday, November 19, 2014

Did Russia and China just sign a death warrant for U.S. LNG exports?

Russia and China have signed two large natural gas deals in the last six months as Russia turns its attention eastward in reaction to sanctions and souring relations with Europe, currently Russia's largest energy export market. But the move has implications beyond Europe.
Russia FSU | Wednesday, November 19, 2014

US Oil Sands announces third quarter 2014 results

US Oil Sands Inc. (TSXV: USO) announce that it has filed its unaudited interim financial statements ("Interim Report") for the three month period ended September 30, 2014 ("Q3 2014") along with the management discussion and analysis ("MD&A") of the financial results of US Oil Sands for such period.
North America | Wednesday, November 19, 2014

CNOOC makes mid-sized discovery Lufeng14-4 made in Eastern South China Sea

CNOOC Limited (NYSE: CEO, SEHK: 00883, TSX: CNU) announce that the Company made a mid-sized new discovery Lufeng14-4 in the Eastern South China Sea. The Lufeng14-4 structure is located in Lufeng Sag in the Pearl River Mouth Basin of the South China Sea with an average water depth of 145 meters.
Asia Far East | Wednesday, November 19, 2014

Petrus Resources announces third quarter results and record exit production in October

Petrus Resources Ltd. report its operating and financial results for the third quarter of 2014.
North America | Wednesday, November 19, 2014

A strong frac sand market faces lower oil and natural gas prices

Not every price in the energy complex is dropping. According to an index created by Cowen & Co.
North America | Wednesday, November 19, 2014

Strategic Oil & Gas announces third quarter 2014 financial and operating results

Strategic Oil & Gas Ltd. (TSX VENTURE:SOG) reports financial and operating results for the three and nine months ended September 30, 2014.
North America | Wednesday, November 19, 2014

Hemisphere Energy announces third quarter 2014 financial and operating results

Hemisphere Energy Corporation (TSX VENTURE:HME) ("Hemisphere" or the "Company") is pleased to announce its financial and operating results for the three and nine months ended September 30, 2014. Q3 2014 Highlights Achieved highest quarterly average production rate to-date of 725 boe/d (86% oil and NGL), a 31% increase over the second quarter of 2014 and a 57% increase over the third quarter in 2013.
North America | Wednesday, November 19, 2014

Strata-X to commence Illinois Basin drilling

Strata-X Energy Ltd. (TSX VENTURE:SXE)(ASX:SXA) provide an update to the Company's vertical well exploration program which will test multiple shallow Mississippian-aged reservoirs with interpreted oil pay in its 100%-owned Illinois Basin project.
North America | Wednesday, November 19, 2014

Suncor Energy announces 2015 capital spending plan and production outlook

Suncor Energy released its 2015 corporate guidance today, which includes capital spending of between $7.2 and $7.
North America | Wednesday, November 19, 2014

Technip introduces the Deep Explorer Diving Support Vessel

Technip has unveiled the name for its latest newbuild Diving Support Vessel (DSV), currently being built by Vard. The state-of-the-art vessel will be known as the 'Deep Explorer'.
West Europe | Wednesday, November 19, 2014

Rooster Energy completes transformative acquisitions and recapitalizes balance sheet

Rooster Energy (TSX VENTURE:COQ) announce that it has closed on its acquisitions of Cochon Properties, LLC, and Morrison Well Services, LLC, and fully satisfied the Company's outstanding US$22.5 million term loan with proceeds from the issuance US$45 million in senior secured notes.
North America | Wednesday, November 19, 2014

Keith Meister appointed to Williams' Board of Directors

Williams (NYSE: WMB) announced today that Keith Meister has been elected to the company's Board of Directors. Meister currently serves as Managing Partner and Chief Investment Officer of Corvex Management LP.
North America | Wednesday, November 19, 2014

Williams seeks FERC approval for 1.13 MMdth/day Hillabee Expansion Project to Southeast U.S.

Williams (NYSE: WMB) announce that Transco has filed an application with the Federal Energy Regulatory Commission (FERC) to expand its pipeline system to serve the growing need for natural gas by electric generators, natural gas distributors and end-users in the southeastern United States. The Hillabee Expansion Project is designed to expand the existing Transco pipeline's capacity in Alabama beginning in May 2017, providing incremental firm capacity from certain receipt points located at Transco's Station 85 in Choctaw County, Ala.
North America | Wednesday, November 19, 2014

Beach Energy appoints Colin Beckett a non-executive director

Beach Energy Ltd (ASX: BPT, 'Beach') is pleased to announce the appointment of Mr Colin Beckett as an independent non-executive director to its Board, with effect from 2 April 2015. Due to other commitments Mr Beckett is unable to join the Board at an earlier date.
Australasia | Wednesday, November 19, 2014

Trevor Bourne to join Senex Board

Chairman of Senex Energy Limited (Senex, ASX: SXY) Mr Denis Patten announce that Mr Trevor Bourne is to join the Senex Board. Mr Patten said that Mr Bourne has agreed to join Senex as an independent non-executive Director, and the Board will make the formal appointment on 1 December 2014.
Australasia | Wednesday, November 19, 2014

Kangaroo 2 appraisal well hits gas and oil

As at 2000 hrs BRST on 18 November 2014 drilling is ongoing in the 12-1/4' hole section at a current depth of 1,760 mRT. Kangaroo-2 penetrated the target Paleocene reservoir at 1,660 mRT as indicated by increased LWD resistivity readings, elevated gas readings and oil shows seen in mud log cuttings from the reservoir section consistent with reservoir descriptions from Kangaroo-1.
Australasia | Wednesday, November 19, 2014

MYCELX's technology increasingly used in projects of larger scale

MYCELX Technologies Corporation, the clean water technology and engineering company providing patented solutions to the Oil and Gas industry and other commercial industrial markets worldwide, announces an update on current trading. The Company's technology is being increasingly used in projects of larger scale and its pipeline comprises opportunities with some of the oil and gas industry's largest names.
North America | Wednesday, November 19, 2014

Wood Group PSN secures contract extension on Hibernia in Canada

Wood Group PSN (WGPSN) will continue its provision of engineering, procurement and construction services to the Hibernia platform, offshore Newfoundland and Labrador, under a new multi-million dollar, five-year contract extension from Hibernia Management and Development Company Ltd. (HMDC).
North America | Wednesday, November 19, 2014

Gulfsands Petroleum confirms establishment of MENA region strategic relationship with Arawak

Gulfsands Petroleum plc (AIM: GPX), the oil and gas production, exploration and development company with activities in Syria, Morocco, Tunisia, Colombia and the U.S.
North America | Wednesday, November 19, 2014

Pantheon Resources provides company update

Pantheon Resources plc, the AIM-quoted oil and gas company with a 50% working interest in several projects within Tyler and Polk Counties, East Texas, is pleased to provide the following operational update. Proposed Drilling Activity The Joint Venture ("JV") has now commenced the process of identifying and tendering for a suitable rig for the drilling of the first well (the "LP Offset well") on its Tyler County prospect, East Texas.
North America | Wednesday, November 19, 2014

Well GY-670 successfully drilled to a total depth of 4,300 feet MD

LGO Energy announce that well GY-670 has been successfully drilled to a total depth of 4,300 feet measured depth ("MD") and has been electrically logged and cased as a future production well from the C-sand interval. In addition to 206 feet of net oil pay identified on electric logs in the Goudron Sandstone formation and announced on 11 November, a further interval of 242 feet of net oil bearing C-sands have been computed by independent petrophysical analysis performed by LR Senergy.
Central America | Wednesday, November 19, 2014

Cairn Energy announces completion of Senegal drilling programme

Cairn and its Joint Venture (JV) partners have completed operations on the SNE-1 well in Senegal and plans are now underway to appraise the discovery next year. Having discovered oil in the upper clastic target, no hydrocarbons were subsequently encountered in the deeper target of karstified and fractured Lower Cretaceous shelf carbonates.
Africa | Wednesday, November 19, 2014

Empyrean Energy announce third quarter 2014 production and operational update

Empyrean Energy provide the following production and operations update on its flagship Sugarloaf AMI ('Sugarloaf' or the 'Project') in the prolific Eagle Ford Shale, Texas. This update is in respect of the three month period to the end of September 2014 ('Q3 2014' or the 'Quarter') and has been updated with figures taken since the end of the Quarter, where available.
North America | Wednesday, November 19, 2014

Exillon Energy issues October production report

Exillon Energy plc (EXI.LN), a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora ("Exillon TP") and West Siberia ("Exillon WS"), is pleased to announce unaudited production data for the month of October 2014 ("the Period").
Russia FSU | Wednesday, November 19, 2014

HIREX signs binding agreements for 20% stake in offshore licence in Australia

The Board of Directors of Rex International Holding Limited wishes to announce that following the receipt of approvals from the Foreign Investment Review Board and the National Offshore Petroleum Titles Administrator (NOPTA) in Australia and the satisfaction of all the transaction completion requirements, including the exercise of the option to acquire a 20 per cent interest in VIC/P57 from 3D Oil by a wholly-owned subsidiary of HIREX, the proposed transactions stated in the binding agreements have been completed. The binding agreements accord an option, inter alia, from 3D Oil to a wholly owned subsidiary of HIREX to acquire a 20 per cent working interest in the approximately 448 square-kilometre concession VIC/P57, located in the northwest offshore oil-prolific Gippsland Basin, in exchange for use of the Rex Virtual Drilling technology to determine the best hydrocarbon prospects in the concession.
Australasia | Tuesday, November 18, 2014

Rampart Energy secures majority stake in Northern Carnarvon Basin permit WA-507-P

Rampart Energy Ltd (ASX: RTD) has secured the rights to an 80% working interest, as Operator, in the newly released exploration permit WA-507-P, located within the prolific Northern Carnarvon Basin off the Northwest Shelf of Australia. This new asset signifies a change of strategy for Rampart, aimed at developing a new and balanced portfolio of exploration assets, on appropriate commercial terms.
Australasia | Tuesday, November 18, 2014

IEA says oil supplies may not keep up with demand

Despite what appears to be a saturated oil market in 2014, oil producers around the world will struggle to meet rising demand over the next few decades. In its latest annual World Energy Outlook, the International Energy Agency (IEA) warned that the current period of oil abundance may be fleeting, and in fact, without heroic levels of production increases, oil markets will grow dangerously tight in the coming years.
North America | Tuesday, November 18, 2014

Black Ridge Oil & Gas announces increase to working interest in Teton Project

Black Ridge Oil & Gas, Inc. (OTCQB: ANFC) announce the acquisition of additional acreage in the Company's Teton project (the "Project").
North America | Tuesday, November 18, 2014

Gulf Keystone Petroleum - Payments show first step

On 7 November, the Kurdistan Regional Government (KRG) released a statement that it would be making an initial payment to oil producers, with further exports to follow on a regular basis. Gulf Keystone (GKP), more than most in the region, is reliant on cash flows from Shaikan, its key producing asset to fund ongoing development and exploration.
Middle East | Tuesday, November 18, 2014

TransAtlantic Petroleum - Approved Stream acquisition sets the tone in Q4

TransAtlantic has released a good set of Q314 financial and operational results, realising an oil production high of 3.7mb/d and with a significant quarter-on-quarter increase in net income to US$8.
West Europe | Tuesday, November 18, 2014

Quadrise Fuels International - Poised for commercialisation

Quadrise is the supplier of MSAR, a technically proven alternative to heavy fuel oil for power generation, marine and industrial applications. Since our last major note it has been awarded proof-of-concept for its reformulated marine MSAR and is preparing for the production of commercial volumes of marine MSAR during FY16.
North America | Tuesday, November 18, 2014

Eni strengthens its presence in Turkmenistan

The Director of The State Agency for Management and Use of Hydrocarbon Resources, Yagshygeldy Kakayev, the chairman of State Concern Turkmenneft, Tachdurdy Begdjanov, and Eni's CEO, Claudio Descalzi, today signed an addendum to the Production Sharing Agreement (PSA) with respect to the onshore Nebit Dag Area located in West Turkmenistan. The agreement was signed in the presence of the President of Turkmenistan, Gurbanguly Berdimuhamedov, and the Italian Prime Minister, Matteo Renzi.
Asia Far East | Tuesday, November 18, 2014

Gale Force closes Thunder Properties sale

Gale Force Petroleum Inc. (TSXV: GFP) (OTCQX: GFPMF) announce that it has sold its 50% working interest in the Thunder Properties in South Texas to the other owner of the properties (the "Buyer"), for $550,000 cash and the restructuring of debts owed to Gale Force by Buyer.
North America | Tuesday, November 18, 2014

Oil price, Oil Council, Halliburton/Baker Hughes, Sundry-Salamander-Aminex-Tower-San Leon-Enteq and finally...

Oil price Traders tell me that physical markets will remain quiet ahead of the Opec meeting next week, with that meeting happening on Thanksgiving Day and the thinly traded Friday afterwards anything might happen. There are all sorts of stories doing the rounds about Oil Ministers trying to cut deals but the only one will count will be in Vienna next Thursday so dont expect too much.
North America | Tuesday, November 18, 2014