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

Cabot Oil & Gas Corporation (NYSE: COG) report continued strong financial and operating results for the third quarter of 2014 including establishing new record highs for several key metrics. Third Quarter 2014 Financial Results "The results posted in the most recently completed quarter once again highlight the quality of our operations and assets," said Dan O.
North America | Friday, October 24, 2014

VAALCO Energy announces entering into the Subsequent Exploration Phase on Block 5 offshore Angola

VAALCO Energy, Inc. (NYSE: EGY) announce that the Company has entered into the Subsequent Exploration Phase ("SEP") on Block 5 offshore Angola together with its working interest partner, Sonangol P&P, as provided for in the Production Sharing Agreement signed in 2006 with the Republic of Angola.
Africa | Friday, October 24, 2014

New discovery in EspĂ­rito Santo Basin deep waters

Petrobras announces the discovery of a hydrocarbon accumulation in deep waters of the Espírito Santo Basin post-salt by drilling well 4-BRSA-1265-ESS (ANP nomenclature) /4-GLF-42-ESS (Petrobras nomenclature), known as Lontra, at a water depth of 1,319 meters. The well, which is 81 km offshore the city of Vitória in Espírito Santo state and lies within the Golfinho concession area, confirmed the presence of gas and condensates, as supported by log data and cable tests.
South America | Friday, October 24, 2014

Penn Virginia announces borrowing base increase to $500 million and financial liquidity in excess of $620 million

Penn Virginia Corporation (NYSE:PVA) announce that its bank group has approved an increase in the borrowing base under PVA's senior secured credit facility from approximately $438 million to $500 million. PVA's financial liquidity, inclusive of the expanded borrowing capacity and its $124 million cash balance as of September 30, 2014, is in excess of $620 million.
North America | Friday, October 24, 2014

Shoreline Energy announces Settlement Agreement with a creditor

Shoreline Energy Corp. (TSX:SEQ) announce that it has entered into a settlement agreement (the "Settlement Agreement") with a senior creditor (the "Creditor").
North America | Friday, October 24, 2014

Arabella Exploration backs into additional acreage

Arabella Exploration, Inc. (OTCQB: AXPLF) announce that it has backed into ownership on additional acreage in Pecos and Reeves County in the Southern Delaware Basin.
North America | Friday, October 24, 2014

Statoil appoints new investor relations senior vice president

Statoil announce that Peter Hutton has been appointed senior vice president CFO investor relations and will report to chief financial officer Torgrim Reitan. Hutton is currently director of oil and gas research in RBC Capital Markets London, and has broad international experience from the oil and gas industry.
West Europe | Friday, October 24, 2014

Basic Energy Services reports third quarter 2014 results

Basic Energy Services, Inc. (NYSE: BAS) announce its financial and operating results for the third quarter and nine months ended September 30, 2014.
North America | Friday, October 24, 2014

CNOOC Limited announces new discovery Jinzhou 23-2 in Bohai

CNOOC Limited (NYSE: CEO, SEHK: 00883, TSX: CNU) announced that the Company made a mid-to-large new discovery Jinzhou 23-2 in Bohai. Jinzhou 23-2 structure is located in the north part of Liaodong Uplift of Bohai with an average water depth of about 10 meters.
Asia Far East | Friday, October 24, 2014

Eight pieces of our oil price predicament

A person might think that oil prices would be fairly stable. Prices would set themselves at a level that would be high enough for the majority of producers, so that in total producers would provide enough–but not too much–oil for the world economy.
North America | Friday, October 24, 2014

Ezra's Subsea Services division boosts winning momentum with awards for multiple contract wins

Ezra Holdings Limited ('Ezra' or 'the Group'), a leading contractor and provider of integrated offshore solutions to the oil and gas industry, today announced that the Group's Subsea Services division, EMAS AMC, has won multiple new awards from various energy companies valued at over US$70 million. The scope of work includes subsea installation of umbilicals, flowlines and jumpers, as well as provision of services to support rigs.
North America | Friday, October 24, 2014

The Oil Big Five: Your comments about oil prices worldwide

This is a busy time of year, and between conferences and of big news events, we’ve been running in several directions at once here at The Barrel. That’s part of the reason why we’re just now getting to your comments about the October version of The Oil Big Five, when we got our analysts and editors to share their biggest issues in the global oil industry.
North America | Friday, October 24, 2014

Statoil takes on offshore operatorship in Australia


Statoil continues to expand in Australia, with the award of 100% equity share in a large exploration permit located in the prolific Northern Carnarvon Basin on the Northwest shelf of Australia. This is Statoil's third asset in Australia, adding to the onshore operatorship in the Northern Territory's South Georgina basin and four BP-operated offshore permits in the Great Australian Bight.
Australasia | Friday, October 24, 2014

Kuwait Energy announces discovery at Abu Sennan, Egypt

Kuwait Energy and their main partner, the Egyptian General Petroleum Corporation (EGPC), announced Wednesday that the operated exploration well ASA-1 st3 on the Abu Sennan license, onshore Egypt discovered hydrocarbons in the Abu Roash' E' and Abu Roash ' C' formations. The ASA-1 st3 licensees are Kuwait Energy 50% (operator), Dover 28% and Beach Energy 22%.
Middle East | Friday, October 24, 2014

Oil price, BP/Chevron, Ophir and finally...

Oil price Last week I named it 'short covering Friday as for the last few weeks this day has seen bears closing short positions ahead of the weekend, but today is slightly different. Last Friday we had just bounced off the low of the 50% retracement of the 5 year high and now the market appears to have settled down at least a touch.
North America | Friday, October 24, 2014

Penn West Petroleum announces $355 million non-core asset disposition

Penn West Petroleum (TSX: PWT) (NYSE: PWE) announce that it has signed an agreement to sell non-core assets located in south central Alberta for expected proceeds of approximately $355 million to a private company. The assets are currently producing approximately 7,500 barrels of oil equivalent ("boe") per day (weighted approximately 80 percent toward natural gas and natural gas liquids).
North America | Friday, October 24, 2014

VAALCO Energy announces new Director

VAALCO Energy, Inc. (NYSE: EGY) announce the appointment of Andrew L.
North America | Friday, October 24, 2014

Cameron LNG liquefaction project breaks ground In Louisiana

LNG export project to create 3,000 new construction jobs, deliver natural gas to international markets. More than 300 community, business and international leaders, along with several federal, state and local elected officials, took part in a groundbreaking ceremony for the new $10 billion liquefaction export facilities at Cameron LNG in Hackberry, La.
North America | Friday, October 24, 2014

Karoon takes possession of the Olinda Star drilling rig

Karoon Gas Australia announces the Company has now taken possession of the Olinda Star Semi-submersible drilling rig from Petrobras. The rig is currently in the Campos Basin and expected to be on location in the Santos Basin running anchors in the next few days with a likely spud date for the Kangaroo-2 appraisal well during the second week of November.
Australasia | Friday, October 24, 2014

Austex signs gas gathering contracts

AusTex report that it has entered into two additional gas contracts for the purchase of its gas from parts of its Area II (south east) and Area III (north west) acreage. The new contracts were entered into after negotiation between several gas gatherers, a feature made possible thanks to the Company's new infrastructure development.
Australasia | Friday, October 24, 2014

Fugro offers high resolution subsea laser scanning

Fugro, the world's largest integrator of geotechnical, survey, subsea and geoscience services, has expanded its services for the offshore oil and gas sector with the addition of high resolution subsea laser scanning. This specialist technology can be applied to a wide range of subsea services including metrology, field mapping, structure mapping, change detection and integrity management.
North America | Friday, October 24, 2014

CB&I reports 2014 third quarter results

CB&I (NYSE: CBI) reporte adjusted net income for the third quarter of $164.7 million, or $1.
North America | Friday, October 24, 2014

Southwestern Energy announces third quarter 2014 financial and operating results

Southwestern Energy Company (NYSE: SWN) announce its financial and operating results for the quarter and nine months ended September 30, 2014. "The strength of the portfolio continues to demonstrate our ability to generate record production and attractive returns," commentedSteve Mueller, President and Chief Executive Officer of Southwestern Energy.
North America | Friday, October 24, 2014

Delphi Energy successfully completes its sixth Montney horizontal well of 2014

BIGSTONE MONTNEY Delphi Energy Corp. (TSX:DEE) has successfully completed its sixth Montney horizontal well of 2014 at 3-26-59-23 W5M ("3-26") in East Bigstone.
North America | Friday, October 24, 2014

Archer Petroleum announces resignation of Director

Archer Petroleum Corp (TSX VENTURE:ARK)(DBFrankfurt:A6VA), announces that Joanne Yan has resigned from the Board due to time constraints effective immediately. "I would like to thank Joanne for her contribution to Archer, and we look forward to continuing to work with her in an advisory role in the future," said Colin Bowkett, President.
North America | Friday, October 24, 2014

Sterling Energy issues Interim Management Statement for the period beginning 1 July 2014

Cameroon The Ntem Concession is a large under-explored block, in water depths ranging from 400m to 2,000m, in the prospective southern Douala - Rio Muni Basin, offshore Cameroon. The Ntem Concession was under force majeure from June 2005 to January 2014 as a result of overlapping maritime border claims by the Republic of Cameroon and the Republic of Equatorial Guinea.
Africa | Friday, October 24, 2014

Nighthawk's continued focus on driving production growth

Nighthawk, the US focused oil development and production company (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 September 2014 was 1,804 barrels per day ("bbls/day") and is averaging 1,931 barrels per day through mid-October, despite the Big Sky 12-11, the Big Sky 14-11 and the Snowbird 9-15 wells each being off line for several days for maintenance New additional focus of capturing behind pipe production and reserves in completed wells and new drills already showing potential benefits in Salen 14-35 and Snowbird 16-15 Identified a number of behind pipe opportunities that can be pursued in existing wells; these projects, which can generally be completed in a few days with nominal capital expenditure, may provide the highest capital efficiency projects available to the Company at the lowest levels of risk 3D seismic analysis being completed for the Snow King discovery and 3D seismic acquisition underway for the Salen area; these projects will set up business for later this year and into 2015(Nighthawk has an average Net Revenue Interest* of approximately 81.
West Europe | Friday, October 24, 2014

Ophir signs exploration and production sharing contracts for two additional blocks, offshore Gabon

Ophir Energy plc announces it has expanded its footprint offshore Gabon by signing exploration and production sharing contracts for two additional blocks. The new blocks, A3 and A4, are located outboard of Ophir's existing acreage in the North Gabon basin.
Africa | Friday, October 24, 2014

Horse Hill-1 discovers oil accumulation

Solo Oil announces that, following preliminary evaluation of the electric logs, the Horse Hill-1 well has discovered an oil accumulation in the conventional Upper Jurassic Portland Sandstone at a top reservoir depth of 1,791 feet TVDss. A preliminary most likely estimate of 3.
West Europe | Friday, October 24, 2014

Low oil prices hurting U.S. shale operations

Slumping oil prices are putting pressure on U.S.
North America | Thursday, October 23, 2014

Soaring oil production, weak demand eclipse geopolitics

Despite nearly unprecedented geopolitical concerns, both US and global crude prices have decreased during the third quarter of 2014 due to a surge in domestic production and weak oil demand growth. While the latest Department of Energy forecasts project continued increases in US oil production over the next 5-7 years, recent IEA estimates predict lower global oil demand growth than previously expected.
North America | Thursday, October 23, 2014

Touchstone Exploration achieves average sales volumes for the month of September of 2,293 barrels per day

Trinidad Operations Since May 2014 the Company has successfully drilled nine (8.16 net) wells.
Central America | Thursday, October 23, 2014

Fluor and Technip awarded RAPID refinery facilities project in Malaysia

Fluor Corporation (NYSE: FLR), in a joint venture with Technip, was awarded an engineering, procurement and construction management contract by PRPC Utilities and Facilities Sdn. Bhd.
Asia Far East | Thursday, October 23, 2014

Chevron announces oil discovery in Deepwater U.S. Gulf of Mexico

Chevron Corporation (NYSE:CVX) announce a new oil discovery at the Guadalupe prospect in the deepwater U.S.
North America | Thursday, October 23, 2014

FX Energy begins drilling Angowice-1 well

FX Energy, Inc. (NASDAQ: FXEN) announce that drilling has started at the Company's Angowice-1 well.
East Europe | Thursday, October 23, 2014

Juneau Energy acquires 20,800 net acres in Houston & Leon Counties, Texas

Juneau Energy, LLC, a subsidiary of Leucadia National Corporation, announced that it has completed the acquisition of oil and gas properties in East Texas, consisting of approximately 20,800 net acres primarily in Houston and Leon counties. Brad Juneau, CEO, remarked, 'This acquisition represents a unique addition to our asset portfolio and provides a contiguous acreage position with significant stacked pay potential in the Buda, Georgetown, Edwards, and Glen Rose formations.
North America | Thursday, October 23, 2014

Give us a break...

I see that Oil & gas UK has been talking again about the need for George Osborne to ‘put his money where his mouth is’ (I paraphrase!) and change the fiscal terms operative in the UKCS. This of course would be very welcome.
West Europe | Thursday, October 23, 2014

Continental Resources completes four new Springer oil wells In Oklahoma's SCOOP play

Continental Resources, Inc. (NYSE: CLR) announce continued success in its recently unveiled Springer play in the South Central Oklahoma Oil Province (SCOOP).
North America | Thursday, October 23, 2014

Husky Energy on track with third quarter results

Husky Energy (TSX:HSE) delivered another steady performance in the third quarter, with its balanced growth and focused integration strategy contributing to predictable results. "With all areas of our business, we are carefully staging our activities to not only provide dependable cash flows and returns, but to also fund future projects," said CEO Asim Ghosh.
North America | Thursday, October 23, 2014

Aqua Terra Water Management announces expansion into the Permian Basin

Aqua Terra Water Management, L.P.
North America | Thursday, October 23, 2014

Oil price, Tullow, Chariot, FOGL, Sundry-Weatherford-Core Labs-BP-Total-Range-Northern Pet-Jupiter-Tangiers, and finally...

Oil price Ok, so we whispered it a little too loudly and the oil price came off again last night after a poor set of inventory stats. These came in from the EIA as a 7.
West Europe | Thursday, October 23, 2014

Neste Oil issues interim report for January-September 2014

President & CEO Matti Lievonen: "While the general outlook for European refining remains challenging, the short-term market situation has clearly improved. Neste Oil has continued to implement internal improvement actions, and most of the targeted result improvements for this year have already materialized.
West Europe | Thursday, October 23, 2014

Jericho Oil achieves record production in September 2014

Jericho Oil Corporation (TSX-V: JCO, Frankfurt: JLM) announce that gross daily production from its Eastern Kansas oil producing acreage averaged approximately 118 barrels of oil per day in September 2014 with cumulative monthly production exceeding 3500 barrels. This represents an increase in production of approximately 130% since Jericho recommenced trading on the TSX Venture on March 25, 2014.
North America | Thursday, October 23, 2014

Nostra Terra announces spudding of 18th development well

Nostra Terra (AIM:NTOG), the oil and gas exploration and production company with a growing portfolio of assets in the USA, is pleased to announce the spudding of the 18th development well in which it has an interest in the Chisholm Trail Prospect, located in Oklahoma. The Bollenbach 1-33H well (CT-16) has spudded and is drilling forward.
North America | Thursday, October 23, 2014

Leave it to $80 crude to shake up US petrochemicals

There’s something about $80/barrel crude that gets petrochemical markets in the US all riled up. As the energy complex slowly emerges from its latest dip, let’s take a look at how some of these key markets fared over the past two weeks.
North America | Thursday, October 23, 2014

Bellatrix Exploration appoints Steve G. Toth as Vice President, Investor Relations

Bellatrix Exploration Ltd. (TSX, NYSE: BXE) announce the appointment of Steve G.
North America | Thursday, October 23, 2014

Weatherford International reports third quarter 2014 results

Weatherford International plc (NYSE: WFT) reported net income before charges of $248 million ($0.32 diluted earnings per share on a non-GAAP basis) on revenues of $3.
North America | Thursday, October 23, 2014

InterMoor announces double success offshore China

InterMoor, an Acteon company, has completed two major offshore projects for China Offshore Oil Engineering Corporation (COOEC) with support from Acteon sister companies in the Panyu and Enping fields, Pearl River Mouth basin, South China Sea. To extend the life of the Hai Yang Shi You III FPSO, the first project involved full mooring system replacement in the Panyu field.
Asia Far East | Thursday, October 23, 2014

GDF SUEZ and BP discover new Central North Sea field


GDF SUEZ E&P UK Ltd and BP today announced a new exploration discovery in the UK Central North Sea. The discovery, which spans GDF SUEZ operated block 30/1f (licence P1588) and BP operated block 30/1c (licence P363) was flow tested at a maximum rate of 5,350 barrels of oil equivalent per day.
West Europe | Thursday, October 23, 2014

Magnum Hunter Resources announces closing of new credit facilities

Magnum Hunter Resources Corporation (NYSE: MHR) (NYSE MKT: MHR.PRC) (NYSE MKT: MHR.
North America | Thursday, October 23, 2014

Red Emperor Resources announces Board changes

Red Emperor Resources NL announce the appointment of Nathan Rayner to the Board of Directors, effective immediately, following the resignation of Stephen Brockhurst. Mr Rayner is a Petroleum Engineer with over 15 years of experience, specialising in resource and project evaluations, field development planning and production optimisation.
West Europe | Thursday, October 23, 2014

Azabache announces appointment of a new Geological Advisor

Azabache Energy Inc. (TSX VENTURE:AZA) announces the appointment of Mr.
North America | Thursday, October 23, 2014

OriginOil granted patent in China for its core extraction invention

OriginOil Inc. (OTC/QB: OOIL), developer of Electro Water Separation (EWS), the high-speed, chemical-free process to clean up large quantities of water, today announced that it has received its third international patent for its core technology from the China Patent Office.
Asia Far East | Thursday, October 23, 2014

Africa Oil provide an operational update on its exploration program in Kenya

The Kodos-1 exploration well in Block 10BB was drilled to a total depth of 2500 metres and encountered hydrocarbon shows which indicates the presence of an active petroleum system. This is the first well drilled in the Kerio Basin, northeast of the successful South Lokichar Basin, and it appears to have been drilled in an area of unfavourable reservoir development, near the basin bounding fault.
Africa | Thursday, October 23, 2014

Chariot Oil & Gas provides an update on Northern Blocks 1811 A&B, Namibia

Chariot Oil & Gas Limited (AIM: CHAR), the Atlantic margins focused oil and gas exploration company today announces that it has opted not to apply for a new exploration licence in the Northern Blocks 1811A&B, offshore Namibia, with the current licence due to lapse on the 26 October 2014. The Chariot team has analysed significant amounts of proprietary seismic and well data, as well as integrated information from third party drilling activity to study the possibility for long range hydrocarbon migration to the Zamba prospect.
Africa | Thursday, October 23, 2014

Baron Oil obtains approval from Perupetro

Baron Oil plc, the independent oil and gas exploration and production company focused on Latin America, is pleased to make the following announcements. Block Z-34 Baron Oil Plc (formerly Gold Oil), along with partner Union Oil and Gas Group Corporation ("Union"), has obtained approval from Perupetro to convert the Third Work Phase from a seismic obligation into a drilling obligation.
South America | Thursday, October 23, 2014

Jupiter Energy Exploration announces that the Exploration Period under Contract 2275 extended to 29 December 2016

The Board of Jupiter Energy Limited, the Kazakhstan-focused oil exploration and production company, quoted on AIM ("JPRL"), ASX ("JPR") and KASE ("AU_JPRL"), is pleased to provide shareholders with the following Operations Update. Extension of Block 31 Exploration Period: The Company is pleased to advise that the Exploration Period under Contract 2275 (comprising Block 31 in which all of the Company's current operations are based) has been extended to 29 December 2016.
Russia FSU | Thursday, October 23, 2014

96 boepd added to Magnolia's net production

Magnolia Petroleum Plc, the AIM quoted US onshore focused oil and gas exploration and production company, is pleased to report initial production rates for six wells in the Woodford and Mississippi Lime formations, Oklahoma. Magnolia holds a 4.
North America | Thursday, October 23, 2014

Tullow announces the results of recent exploration and appraisal activities conducted in Blocks 10BB and 13T

Tullow Oil plc announces the results of a series of recent exploration and appraisal activities conducted in Blocks 10BB and 13T onshore Kenya. Kodos-1 wildcat exploration well in the Kerio Basin The Kodos-1 exploration wildcat in Block 10BB is the first well drilled in the Kerio Basin, northeast of the successful South Lokichar Basin.
Africa | Thursday, October 23, 2014

TGS announces Q3 revenues of USD 190 million

TGS reports net revenues of USD 190 million in Q3 2014, compared to USD 191 million in Q3 2013. Earnings before interest and taxes (EBIT) totaled USD 71 million, corresponding to an EBIT margin of 38%.
West Europe | Thursday, October 23, 2014

Madagascar Oil announces Board changes

Madagascar Oil (AIM:MOIL) today announces the following Board changes, all of which are taking place with immediate effect. Mr Teck Soon Kong, a Non-Executive Director of the Company and nominated representative of Benchmark Advantage Fund Ltd and BMK Resources Limited (the "Benchmark Parties") has, at the direction of the Benchmark Parties, resigned from his position as a representative of the Benchmark Parties and Non-Executive Director of the Board, with immediate effect.
West Europe | Wednesday, October 22, 2014

Total organizes the Group's new governance

Total's Board of Directors met today and paid homage to Chairman and CEO Christophe de Margerie, who died tragically in an airplane accident in Moscow on the night of October 20-21, 2014. After joining the Group in 1974, Christophe de Margerie was appointed to the Executive Committee in 1999, then named CEO of Total on February 14, 2007, and Chairman and CEO on May 21, 2010.
West Europe | Wednesday, October 22, 2014

Royale Energy confirms new high rate well

Royale Energy, Inc. (Nasdaq:ROYL) announce it has achieved a sustained rate of 1,600,000 cubic feet per day after opening an initial 2 feet of a 65 foot gross interval in the recently drilled McKinney well.
North America | Wednesday, October 22, 2014

North Dakota aims to reduce natural gas flaring

Source: U.S.
North America | Wednesday, October 22, 2014

Petro One Energy receives email from KMDC

Petro One Energy Corp. (TSX VENTURE:POP)(FRANKFURT:C6K1) reported on October 8, 2014 that it had closed a private placement of $3,260,842.
North America | Wednesday, October 22, 2014

Magnum Hunter Resources completes production test results on Stewart Winland Pad in Tyler County, West Virginia

Magnum Hunter Resources Corporation (NYSE: MHR) (NYSE MKT: MHR.PRC) (NYSE MKT: MHR.
North America | Wednesday, October 22, 2014

Foster Wheeler awarded EPC contract for ExxonMobil's Antwerp refinery upgrade in Belgium

Foster Wheeler AG (Nasdaq:FWLT) announce that a subsidiary of its Global Engineering and Construction Group has been awarded an engineering, procurement, and construction (EPC) contract by ExxonMobil Petroleum & Chemical BVBA ('Esso') for the Antwerp Northwest Europe Resid Upgrade Project - Revamp and Offsites facilities at the Esso Antwerp Refinery at Antwerp, Belgium. Foster Wheeler's contract value was not disclosed.
West Europe | Wednesday, October 22, 2014

Oil price, Nabors, Shell, Amerisur, Nostra Terra, Sundry and finally...

Oil price Whisper it very quietly..
West Europe | Wednesday, October 22, 2014

3Legs Resources: Admission of ordinary shares to trading on AIM

3Legs Resources plc announces that it has applied for 215,884 ordinary shares of 0.025 pence each ("Ordinary Shares") to be admitted to trading on AIM ("Admission").
West Europe | Wednesday, October 22, 2014

BP announces contracts for Tangguh Expansion Project

Train 3 will build on the safe and reliable operations of the two existing liquefaction trains at the Tangguh site, which is located in Teluk Bintuni Regency in Papua Barat province of Indonesia. The Project will add 3.
Asia Far East | Wednesday, October 22, 2014

EMGS awarded seismic acquisition contract in Malaysia

With reference to stock exchange notice of 6 October 2014, with the announcement of a letter of intent in Malaysia, Electromagnetic Geoservices ASA (EMGS) hereby confirms that the Company has been awarded a contract. The survey will commence on 24 October, using the vessel BOA Thalassa.
Asia Far East | Wednesday, October 22, 2014

Why it's different this time

Is this downturn in oil prices going to be different for investors? I think it might. In fact, I think North American energy companies have a good chance of withstanding this downfall in prices than any other downturn of the last 40 years.
North America | Wednesday, October 22, 2014

Donnycreek Energy Inc. to merge with Contact Exploration Inc.

Donnycreek Energy Inc. ("Donnycreek" or the "Company") (TSX-V: DCK) reports that it has entered into an arm's length definitive arrangement agreement (the "Arrangement Agreement") with Contact Exploration Inc.
North America | Wednesday, October 22, 2014

InterOil Corporation updates on its exploration drilling program in Papua New Guinea

RAPTOR-1, PPL 475 Raptor-1 has intersected 200m of the Kapau Limestone target zone, with wireline logs indicating the presence of hydrocarbons. InterOil Corporation (NYSE, POMSoX: IOC) now plans to conduct well testing to determine the hydrocarbon type, column, flow rate and reservoir quality.
Australasia | Wednesday, October 22, 2014

Shell announces Gabon deep-water gas discovery


Shell today announced a frontier exploration discovery offshore Gabon, West Africa. The well Leopard-1 encountered a substantial gas column with around 200 metres net gas pay in a pre-salt reservoir.
Africa | Wednesday, October 22, 2014

OptaSense provides revenue assurance to LNG pipeline by reducing the impact of third party intrusion

OptaSense, a QinetiQ company and global leader in Distributed Acoustic Sensing (DAS) technology, has successfully prevented external threats to a natural gas pipeline in the republic of Yemen, according to a case study paper due to be presented by Total at ADIPEC, the oil and gas show in Abu Dhabi, 10-13 November 2014. The paper notes 'that since the pipeline intrusion detection system was installed, there has been a significant improvement in pipeline availability and regular LNG shipments.
Middle East | Wednesday, October 22, 2014

Bechtel begins construction on expanded Canadian LNG facility

Bechtel started construction at the Tilbury Liquefied Natural Gas (LNG) facility in British Columbia. FortisBC, the owner and operator of the facility, awarded Bechtel an engineering, procurement, and construction contract to expand its Tilbury facility, which will include a new 1-billion-cubic-foot full-containment LNG storage tank.
North America | Wednesday, October 22, 2014

Southwestern Energy elects Terry W. Rathert to the Board of Directors

The Board of Directors of Southwestern Energy Company (NYSE: SWN) announce that, effective October 20, 2014, Terry W. Rathert has been elected to the Board for a term expiring at the annual meeting of stockholders in 2015.
North America | Wednesday, October 22, 2014

Australia's Empire eyes domestic barite mining opportunity for Africa's largest oil producer

Australian gold and copper explorer, Empire Resources Limited, (ASX: 'ERL') has announced the company is entering a joint venture opportunity in Africa to focus on one of the principal ingredients used in that country's large offshore petroleum industry. The move is the second international foray for Perth based Empire, adding to its current 17% stake in ASX listed FYI Resources which is developing high demand potash interests in Thailand.
Africa | Wednesday, October 22, 2014

Nabors announces third quarter 2014 results

Nabors Industries Ltd. (NYSE: NBR) reported third-quarter 2014 operating revenues and earnings from unconsolidated affiliates of $1.
North America | Wednesday, October 22, 2014

PetroMaroc confirms significant natural gas potential of Kechoula Structure

PetroMaroc Corporation plc (TSXV: PMA) announce that GLJ Petroleum Consultants ("GLJ"), a premier oil and gas resource consulting firm headquartered in Calgary, has completed an independent evaluation of the Undiscovered Petroleum Initially in Place (UPIIP) and prospective resources of the Kechoula structure located in the Sidi Moktar Exploration License, Morocco, incorporating the technical information obtained from the Koba-1 and Kamar-1 wells, which were drilled in 2013 and 2014. GLJ's evaluation report will be available as soon as it has been received, however GLJ has given PetroMaroc permission to report the main conclusions to shareholders and the general public.
North Africa | Wednesday, October 22, 2014

Mart Resources participates in consortium to acquire onshore Nigerian Oil Mining Lease 18

Mart Resources, Inc. (TSX:MMT) announce that it is a member of a consortium (the "Consortium") that has entered into an assignment agreement (the "Assignment Agreement") with The Shell Petroleum Development Company of Nigeria Limited ("SPDC"), Total E&P Nigeria Limited and Nigerian AGIP Oil Company Limited (collectively, the "Sellers") pursuant to which a special purpose company ("Consortium SPV") owned directly or indirectly by the Consortium members will acquire a 45% participating interest in Nigerian Oil Mining Lease 18 ("OML 18") and all associated assets, wells, pipelines and infrastructure.
Africa | Wednesday, October 22, 2014

ShaMaran announces Q3 2014 financial and operating results

ShaMaran Petroleum Corp. (TSX VENTURE:SNM) (OMX:SNM) announce its financial and operating results for the three and nine months ended September 30, 2014.
North America | Wednesday, October 22, 2014

Bell Geospace wins tender for the provision of Airborne Geophysical Surveys in Ethiopia

Bell Geospace is delighted to announce that following a tender submission, it has been awarded the contract for the provision of Airborne FTG & Magnetic Surveys in the Gewane-El Wiha Block, Ethiopia (Afar Area) by GPB Ethiopia Resources B.V.
Africa | Wednesday, October 22, 2014

Canacol Energy announces cash settlement and cancellation of warrants

Canacol Energy Ltd. (TSX:CNE)(OTCQX:CNNEF)(BVC:CNEC) announce the settlement of 2,697,292 outstanding phantom warrants for US$ 3.
North America | Wednesday, October 22, 2014

Savanna Energy Services signs contract to build four new drilling rigs

Savanna Energy Services Corp. (TSX:SVY) announce it has signed a contract to expand its drilling operations in Australia.
Australasia | Wednesday, October 22, 2014

Drilling and fracking operations during Argentine winter impacted by cold weather

Crown Point Energy Inc. (TSX VENTURE:CWV) is pleased to provide an operational update.
South America | Wednesday, October 22, 2014

Albert Taubi has resigned as a director of Mercom Oil Sands

Mercom Oil Sands plc announces that Albert Taubi has resigned as a director of the Company following a bankruptcy order issued against him dated 16 May 2014, notification of which it received today. Patrick Cross, chairman of Mercom Oil Sands plc, commented "the Board accepts Albert's resignation with profound regret, thanks him for his contribution to the Company and wishes him all success in the future.
West Europe | Wednesday, October 22, 2014

Gazprom approves adjusted Investment Program, Budget and Cost Reduction Program for 2014

The Gazprom Board of Directors approved the adjusted Investment Program, Budget (Financial Plan) and Cost Optimization (Reduction) Program for 2014. According to the adjusted Investment Program for 2014, the total amount of investments will make up RUB 1 trillion 026.
Russia FSU | Wednesday, October 22, 2014

Thalassa provides a statement regarding the relocation of UK operations

Thalassa is making a statement following the recent inaccurate press coverage (the "Coverage") made without recourse to the Company or its advisers regarding the lease entered into by the Company with Eastleigh Court Limited ("ECL") for 10,000 sq ft of office space at Eastleigh Court on 3 October 2014 (the "Lease" and the "Property"). The Lease was entered into in order to move the Company's principal UK operations from Bude in Cornwall to an area closer to London and Heathrow and Gatwick airports, which the Independent Directors (i.
West Europe | Wednesday, October 22, 2014

Amerisur forms joint venture with Talisman Colombia

Amerisur Resources announce that it has presented to the Agencia Nacional de Hidrocarburos "ANH" a request for a partial assignment of interest, rights and obligations in the exploration contract Put-30, awarded to Talisman Colombia Oil & Gas Ltd. ("Talisman Colombia") in the Ronda Colombia 2014 licensing round.
South America | Wednesday, October 22, 2014

New oil resources proved in the Grane area

Statoil Petroleum AS, operator of production licence 169, is about to complete drilling of appraisal well 25/8-18 S. The 25/8-4 discovery was proven in 1992 by Norsk Hydro Produksjon AS.
West Europe | Tuesday, October 21, 2014

Quattro intersects 4 prospective horizons at Wood Mountain, Sask

Quattro Exploration and Production Ltd. (TSX VENTURE:QXP) announce the completion of its evaluation well at Wood Mountain, Saskatchewan.
North America | Tuesday, October 21, 2014

Cue increases its interest in Mahakam Hilir PSC, Kalimantan to 100%

Cue Energy Resources Ltd is pleased to advise, that subject to government approvals, it has agreed to acquire a 100% interest in the Mahakam Hilir PSC in the prolific Kutei Basin onshore Kalimantan, Indonesia. Cue will purchase SPC Mahakam Hilir Pte Ltd, which holds the remaining 60% interest in the Mahakam Hilir PSC; under a sale and purchase agreement with SPC E&P Pte Ltd.
Asia Far East | Tuesday, October 21, 2014

Relentless Resources announces Heathdale Glauconite oil well test

Relentless Resources Ltd. (TSX VENTURE:RRL) announce initial test results from the Relentless Heathdale 8-7-27-9 W4 horizontal Glauconite oil well (the "Well").
North America | Tuesday, October 21, 2014

DualEx announces results of BHN-1 well in Tunisia

DualEx Energy International Inc. (DXE, TSX-V) announce that recompletion operations of the Abiod chalky limestone in its BHN-1 well on the Bouhajla Permit, onshore Tunisia, have concluded and the well will be plugged and abandoned.
Middle East | Tuesday, October 21, 2014

Petro-Victory Energy encounters hydrocarbons at the Lapacho well

Petro-Victory Energy Corp. (TSXV:VRY) announce that the Lapacho well, located on the Pirity Block in Paraguay, has encountered hydrocarbons within the Icla Formation at a depth of 3,926 meters.
South America | Tuesday, October 21, 2014

Jericho Oil completes $4.23 million strategic financing with existing shareholders

Jericho Oil Corporation (TSX-V: JCO, Frankfurt: JLM) announce that it has closed its non-brokered private placement financing previously announced on October 9, 2014 by issuing 8,461,036 units (the "Units") at $0.50 per Unit for proceeds of $4,230,517 (the "Offering").
North America | Tuesday, October 21, 2014

Resolute Energy provides operational update and horizontal well results

Resolute Energy Corporation (NYSE: REN) updates certain operating data, provides horizontal well results and provides information for its scheduled conference call to discuss results for the quarter ended September 30, 2014. Our drilling during the third quarter and into the fourth quarter has been focused in Reeves County, Texas (Delaware Basin) andCampbell County, Wyoming (Powder River Basin).
North America | Tuesday, October 21, 2014

Hartgraves 1-5H well flowing back after being completed with BNK Petroleum's largest hydraulic stimulation to date

BNK Petroleum Inc. (TSX: BKX) is providing an update on its Tishomingo Field, Caney shale oil operations in Oklahoma as well as its Polish shale gas project.
North America | Tuesday, October 21, 2014