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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.
| Friday, November 21, 2014
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.
BG Group (LSE: BG.L) today announced the start-up of the Cidade de Ilhabela floating production, storage and offloading (FPSO) vessel.
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.
Talisman Energy Inc. (TSX:TLM) (NYSE:TLM) affiliate Talisman (Colombia) Oil & Gas Ltd.
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.
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.
| Friday, November 21, 2014
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.
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.
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.
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.
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.
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.
| Friday, November 21, 2014
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.
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.
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.
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.
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.
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.
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).
Mountainview Energy Ltd. (TSXV: MVW) provides an operational update on its recent three-well drilling program.
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.
Hyperion Exploration Corp. (TSX VENTURE:HYX) announce that it has entered into an agreement (the "Arrangement Agreement") with Tri-Win International Investment Group Inc.
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.
Venoco, Inc. report financial and operational results for the third quarter of 2014.
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.
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.
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.
| Thursday, November 20, 2014
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.
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.
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.
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.
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.
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.
Alvopetro Energy Ltd. (TSX VENTURE:ALV) announce our third quarter 2014 financial and operating results and 2015 capital plan.
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.
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).
Shoreline Energy Corp. (TSX:SEQ) announce that it has closed the sale of its Wattenburg working interest assets for net proceeds of US$4.
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.
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.
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.
Dejour Energy Inc. (NYSE MKT: DEJ / TSX: DEJ) updates current development progress underway at the Woodrush/Hunter Project ('Woodrush') in NE B.
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.
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.
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.
| Thursday, November 20, 2014
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.
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.
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.
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.
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.
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.
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.
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.
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.
Panorama Petroleum Inc. (TSX VENTURE:PPA) reports that it has received an independent NI 51-101 compliant report prepared for State Petroleum Overseas Inc.
TransAtlantic Petroleum Ltd. (NYSE-MKT:TAT) (TSX:TNP) announce the successful completion of its previously announced acquisition of Stream Oil & Gas Ltd.
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.
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.
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.
Deep Well Oil & Gas, Inc. (OTCQB:DWOG) announce the appointment of Mr.
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.
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.
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.
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.
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.
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.
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.
Petrus Resources Ltd. report its operating and financial results for the third quarter of 2014.
Not every price in the energy complex is dropping. According to an index created by Cowen & Co.
Strategic Oil & Gas Ltd. (TSX VENTURE:SOG) reports financial and operating results for the three and nine months ended September 30, 2014.
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.
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.
Suncor Energy released its 2015 corporate guidance today, which includes capital spending of between $7.2 and $7.
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'.
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.
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.
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.
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.
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.
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.
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.
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).
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.
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.
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.
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.
| Wednesday, November 19, 2014
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.
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").
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.
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.
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.
Black Ridge Oil & Gas, Inc. (OTCQB: ANFC) announce the acquisition of additional acreage in the Company's Teton project (the "Project").
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.
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.
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.
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.
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.
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.