CGG announced today that it has been awarded a contract by a subsidiary of Anadarko Petroleum Corporation and partner Ecopetrol to acquire and process a 5,500-km2 3D BroadSeis seismic survey on the Caribbean coast offshore Colombia. This is the largest marine seismic program ever acquired in Colombia and the first proprietary BroadSeis survey to be conducted in the country.
Sudan has officially informed South Sudan that it would freeze their oil and economic agreements and stop allowing its neighbour to export crude through its territory within two months. Two export pipelines from South Sudan will be closed within 60 days unless Juba gave up support for insurgents operating across their shared border, Sudan said on Sunday.
| Wednesday, June 12, 2013
Rosneft and ExxonMobil signed final agreements establishing a joint Arctic Research Center (ARC) in Russia and an over-arching technology sharing agreement to support the companies' joint ventures worldwide. Formally named the Arctic Research and Design Center for Continental Shelf Development, the ARC will provide the Rosneft and ExxonMobil joint ventures a full range of research, development and technical services, with near-term focus on the Kara Sea.
Maple Energy plc (AIM: MPLE; LIMA: MPLE), an integrated energy company with assets in Peru, announces today various updates regarding its ethanol business and operations as at 31 May 2013. An aggregate amount of approximately 461,000 gross tonnes of sugar cane (approximately 412,000 net tonnes) have been harvested and processed during 2013.
Santa Maria Petroleum Inc. (TSX VENTURE:SMQ) has been informed by Omega Energy Colombia, the operator of the Llanos 21 block in the Llanos basin in Colombia, that it has abandoned the Calacho No.
Heritage Oil Plc (LSE: HOIL), an independent upstream exploration and production company, issues an update regarding production levels in OML 30, Nigeria. Gross production from OML 30 has returned to rates of over 35,000 bopd and all of the key fields are in production.
| Wednesday, June 12, 2013
GeoPark Holdings Limited ("GeoPark"), the Latin American oil and gas explorer, operator and consolidator with operations and producing properties in Chile, Colombia, Brazil and Argentina (AIM: GPK), is pleased to announce the successful drilling, testing and putting into production of the Tua 4 well in the Tua oil field on the Llanos 34 Block in Colombia. GeoPark operates and has a 45% working interest in the Llanos 34 Block.
African independent oil and gas company Taleveras has signed a Farm-Out Agreement with a subsidiary of LUKOIL, Russia's largest private oil company, for Block CI-504 off the Ivory Coast. Block CI-504 is located in close proximity to the producing Baobab field, covering 399 square kilometers in water depths ranging from 800 to 2100 meters.
RWE Dea has signed a farm-in agreement with PETRONAS Suriname E&P BV, acquiring a 40% interest in the licence Block 52 off the coast of Suriname. In doing so, RWE Dea will secure entry into the South American country with proven hydrocarbon potential.
The BP Statistical Review of World Energy 2013 - the 62nd annual report - is launched today, revealing that 2012 had the largest single-year increase in US oil production ever recorded, and new evidence of the flexibility of the world’s energy system in meeting rapid global change. The US recorded the world’s highest growth in production of both oil and natural gas in 2012, on the back of increasing production of unconventional hydrocarbons such as tight oil, an example of the increasing diversity of energy sources as the global market continues to adapt, innovate and evolve.
As previously announced the new well (RS #11) on the Rustamovskoye field in Russia has encountered oil. The well is being production tested and has flowed at approximately 130 barrels per day.
Exillon Energy plc, a London Premium listed independent oil producer with assets in two oil-rich regions of Russia, Timan-Pechora ("Exillon TP") and West Siberia ("Exillon WS"), is pleased to announce a drilling update. EWS I - 70 Well EWS I - 70 was drilled on the northern extension of the East EWS I field.
Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) was awarded by Forest BtL Oy a contract, worth approximately €5 million, for the front-end engineering and design (FEED) of a new second generation biomass-to-liquid* (BTL) plant to be built on Ajos island, Finland. This plant will produce approximately 140,000 tons of biodiesel and naphtha from wood and by-products from the wood-processing industry.
Falcon Oil & Gas Ltd. (TSX VENTURE:FO)(AIM:FOG)(ESM:FAC), is pleased to announce that further to its announcement on 23 May 2013, the first of three exploration wells "Kutvolgy-1", to evaluate the gas potential of the Algyo Formation at a depth of approximately 3,000m in the Mako Trough, was spudded on the 11th June, 2013.
On June 6 oil production started on Cidade de Paraty, a floating production, storage, and offloading (FPSO)* unit chartered by Petroleo Brasileiro S.A.
Shelton Petroleum’s total oil production in May amounted to 17,240 barrels, equivalent to 556 barrels per day. The table below summarizes the production broken down by oil field.
The Board of Orca Energy Limited announce that it has agreed to sell its 20% participating interest in South Australian petroleum exploration licence (PEL) 115 to Senex Energy Limited (Senex, ASX: SXY), in exchange for a package of benefits worth approximately $7 million that includes free carry for oil exploration and development in the southern Cooper Basin. Under the terms of the agreement with Senex, Orca will retain its 20% interest in two key assets within PEL 115, namely the Fury oil discovery and the Burruna-1 oil exploration well.
A British oil worker has been kidnapped by a group of armed men in Indonesia. Engineer Malcolm Primrose, 61, was ambushed by an armed group as he travelled back from a mine site in the Aceh region.
Lion Energy Limited advises that a crude oil lifting of 300,744 barrels was completed on May 30th 2013 from the Seram (Non Bula) Block Renewal Production Sharing Contract onshore Seram Island , Eastern Indonesia. LION's share of the lifting is expected to be approximately US$650.
East West Petroleum Corp. (TSX VENTURE:EW) provide the following operational update on its activities in New Zealand.
Kidnapped British oil engineer has been reunited with his family after a two-day ordeal. Malcolm Primrose, 61, was freed by the armed gang who took him hostage in the Aceh region at around 6am local time today.
Panoro Energy ASA's wholly-owned subsidiary Pan Petroleum Aje Limited has agreed in principle the terms of sale with an undisclosed buyer forits 6.502 % participating interest in the OML 113 licenseoffshore Nigeria, which includes the Aje field, for a totalconsideration of USD 30 million (the "Transaction") to bepaid in cash upon closing.
| Thursday, June 13, 2013
Tap Oil Limited (ASX:TAP) provides the following update of the Bianchi-1 gas appraisal well in Retention Lease WA-49-R. The well will target sandstones in a Triassic age Mungaroo Formation within a separate fault block down dip of the Zola-1/ST1 gas discovery.
Mills-1 result Cooper Energy Limited (ASX: COE) reports that Mills-1, an exploration well in PEL 92, Cooper Basin, South Australia, has been plugged and abandoned after reaching a total depth of 1,900 metres and failing to record any significant hydrocarbon shows. Cooper Energy Executive Director, Mr Hector Gordon, said that the well has increased understanding of the southern portion of PEL 92 in advance of requirements to relinquish 50% of the permit in November 2013.
Packers Plus Energy Services Inc. has successfully completed a high pressure vertical well in the Cooper Basin of South Australia for Senex Energy.
North Energy was awarded six new licenses in the Barents Sea in the 22nd licensing round. North Energy was awarded six new licenses in the Barents Sea in the 22nd licensing round, according to a press release from the Oil and Energy Department.
Rialto Energy Limited advises that Mr Charles Nieto and Mr Vance Querio have resigned from the Board of the Company with immediate effect. In addition, Mr Matthew Worner has resigned his position as Company Secretary and Chief Legal Officer.
BG Group announced it has completed the sale of the Group's 65.12% holding in India's largest private natural gas distributor Gujarat Gas Company Limited (GGCL) for INR 24.
Clayton Williams, the operator, has advised that Abita well will now be perforated and recompleted in the 18 and Lower 18 Sands (18 Sands). The operator anticipates operations to commence within the next 30-60 days with sales of oil and gas to commence through existing immediately thereafter.
The Board of Iofina has accepted, with regret, the resignation from the Board, on health grounds, of Lance Baller the Group CEO and Company Secretary. As a result, the resolution to re-elect him as a Director of the Group will be withdrawn from the agenda at the Annual General Meeting ("AGM") to be held on 19 June 2013.
The Gulf state of Kuwait has a history in the oil industry which dates back to 1938, when oil was first discovered in the country's Burgan field. Since then, a lot has changed - except for the fact that 'Burgan No.
Klaipedos Nafta AB hereby informs that Special Plan for Construction of the Liquefied Natural Gas Terminal, Related Infrastructure and Gas Pipeline (hereinafter, the 'Special Plan') has been approved by the Order of the Energy Minister of the Republic of Lithuania No 1-130, dated 13 June 2013 (hereinafter, the 'Order'). The Order shall come into force on the next day as of its official publishing in the official gazette 'Valstybes žinios'.
Today, Cuadrilla announced the appointment of Arup, the engineering and design consultancy, as independent provider of Environmental Impact Assessments to be conducted as part of planning applications to explore for natural gas from shale in Lancashire. The process will start this summer, and is expected to run into the first quarter of 2014.
Australian oil and gas company Titan Energy Ltd (ASX: TTE) report that the Western Australian Department of Mines and Petroleum (DMP) has granted a 12 month extension on the North Perth Basin EP455 permit. The Company owns an 18.
Statoil and Stadtwerke Düsseldorf have signed a 15-year arrangement for the supply of natural gas to Stadtwerke Düsseldorf's upcoming 600-MW gas power plant (CCGT) in Lausward/Düsseldorf, Germany. The power plant will become one of the most efficient plants worldwide due to heat production that will be used in the district heating system.
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to provide an operational update on its flagship BNG asset. Well 143 As previously announced, Well 143 was spudded on 1 April 2013, on the MJ-F structure located towards the North of South Yelemes field at BNG.
Oil Search reports that the semi-submersible rig, Stena Clyde, spudded the Hagana 1 well on 7 June 2013. The well is located offshore PNG in PPL 244 in the Gulf of Papua.
The Embassy of the Republic of the Sudan in Washington DC would like to state the following in regard to the situation between Sudan and South Sudan in the wake of Sudan's announcement of the suspension of the cooperation agreement between the two countries, including shutting down of the oil pipeline. 1.
Statoil Petroleum AS, operator of production licence 120, has completed drilling of wildcat well 34/8-15 S. The well proved gas.
The Norwegian government on 12th June awarded the licences that form part of the 22nd round on the Norwegian Continental Shelf (NCS). Centrica Energy was awarded an operatorship and 50% ownership in the Scarecrow licence, block 719.
Centrica plc has today become a 25 per cent investment partner in the Cuadrilla Resources operated Lancashire Bowland shale gas exploration licence area. The ownership of the joint venture before the transaction was 75per cent Cuadrilla and 25 per cent A J Lucas.
IG Seismic Services PLC (LSE: IGSS), the leading pure-play land and transition zone seismic company in Russia and the CIS and one of the largest land seismic companies globally, announced today its interim financial and operational highlights for the three months period ended March 31, 2013. The financial data are based on management assessment only and have not been reviewed by external auditors.
ABERDEEN-based project management and development engineering specialist EPC Offshore has signed an agreement with Total E&P UK Ltd (TEP UK) to provide support services at its natural gas and condensate discovery in the Atlantic. Edradour, located in Block 206/4 of the UK Continental Shelf, is expected to start pumping in 2016, will be linked to the $3.
Oil Search reports that as at 06:00 hours KRI time on 13 June, the Taza 1 ST2 well was at a depth of 3,351 metres and rigging down test equipment. During the week, further flow and build-up periods were undertaken in the Euphrates open hole test.
Oil Search reports that as at 06:00 hours PNG time on 13 June, the Mananda 6 well was at a total depth of 2,093 metres and performing a production test of the Digimu Formation. During the week, the 5' liner was set and testing commenced.
The Board of Directors of Ramba Energy Limited refers to the previous announcements released on 27 December 2011, 11 October 2012, 29 October 2012, 19 November 2012, 30 November 2012, 28 December 2012, 4 February 2013 and 6 May 2013 with respect to its interest in the Lemang PSC block ('Lemang block') located in South Sumatra, Indonesia. The Board of Directors is pleased to announce that the Company has commenced drilling of the Akatara-2 appraisal well - the third exploration well to be drilled at the Lemang block - with spud in occurring at 1700 hours on 12 June 2013.
Following the results of the 22nd Licensing Round announced by the Norwegian Ministry of Petroleum and Energy, RN Nordic Oil AS, a 100% indirect subsidiary of Rosneft, has been granted the award of a 20% participating interest in the license PL713 covering the area of 1,213 sq. km.
Niko Resources Ltd. (TSX:NKO) provide the following updates: Reserves Update The Company has received the final draft of the reserve evaluations for the D6 and NEC-25 Blocks in India and Block 5(c) in Trinidad and Tobago, and the final reserve evaluation for Block 9 in Bangladesh from independent petroleum engineering firms.
The well drilled by the Ocean Vanguard rig, consisted of a main wellbore 16/2-17S which was an appraisal in the western part of Johan Sverdrup, and a sidetrack 16/2-17B which tested potential in the Cliffhanger South area west of the current outline of the Johan Sverdrup field. The main wellbore 16/2-17S found a gross 82 m oil column in Jurassic sandstones and demonstrated test production of almost 6000 barrels per day and exceptional flow properties in the upper part of the reservoir.
"Statoil has been awarded new quality acreage in the Barents Sea. It creates a good foundation for expanding and deepening the core position Statoil has built in the region in line with the company's sharpened exploration strategy," says Gro Gunleiksrud Haatvedt, Statoil senior vice president for exploration on the NCS.
KBR (NYSE: KBR) announced that it has been awarded a contract by Sasol, duly represented by Sasol Technology (Pty) Ltd, for the provision of engineering, procurement and construction management services (EPCm) for the gaseous oxygen compressor at the Oxygen East Plant at the Sasol Synfuels Complex in Secunda, South Africa. The EPCm services to be provided by KBR entail all the management services required in order to restore the integrity of the gaseous oxygen compressor.
| Friday, June 14, 2013
Service Contract 58 - Election to Drill Extension Nido Petroleum Limited (ASX:NDO) advises that its wholly owned subsidiary, Nido Petroleum Philippines Pty Ltd, has secured a 6 month extension from its Joint Venture partner in Service Contract 58, PNOC Exploration Corporation, to defer the 'election to drill date' under its farmin agreement from 30 June 2013 to 11 January 2014. Some Facts about Service Contract 58 Service Contract 58 is a large deep water block of approximately 1,349,000 hectares that lies immediately outboard of the giant Malampaya gas field.
Nido Petroleum Limited (ASX:NDO) advises that the Operator of Service Contract 14C2, RMA (HK) Limited ('RMA'), has published reserves volumes from an independent expert report and related information on its website with respect to the West Linapacan Oil Field redevelopment. Nido advises that it cannot verify the volumes or projected values for recoverable oil volumes and the economic value ascribed to the project as published on RMA's website.
Noble Energy, Inc. (NYSE: NBL) announced that the second appraisal well at Gunflint successfully encountered 109 feet of net pay within the primary reservoir targets.
Heritage Oil Plc (LSE: HOIL), an independent upstream exploration and production company, announces that judgment in the English Commercial Court case brought against Heritage and its wholly owned subsidiary Heritage Oil & Gas Limited by Tullow Uganda Limited ("Tullow") has been received today. The Honourable Mr Justice Burton of the High Court in London has today, in relation to the $313 million contractual dispute between Tullow and Heritage, awarded judgment in favour of Tullow.
Tullow Oil plc (Tullow) announce that Tullow Uganda Limited, its Ugandan subsidiary, has received judgment in its favour in the proceedings against Heritage Oil and Gas Ltd and Heritage Oil Plc (together 'Heritage') in the High Court in London (Case No: 2011 Folio 471). In 2010, Tullow agreed to acquire Heritage's Ugandan assets pursuant to a Sale and Purchase Agreement (SPA).
Birchcliff Energy Ltd. (TSX:BIR) announce that it has closed its previously announced marketed offering by way of short form prospectus, of two million Cumulative Redeemable Preferred Shares, Series C ("Preferred Shares, Series C"), with a 7% yield, at a price of $25.
Contango Oil & Gas Company (NYSE MKT: MCF) announced that the Company's Vermilion 170 well has resumed production and as of June 12, 2013, was producing approximately 9.7 million cubic feet equivalent per day ('Mmcfed'), net to Contango.
PetroTech Oil and Gas Inc. (OTC PINK: PTOG), announced PetroTech Oil and Gas Inc.
Gibson Energy Inc. (TSX:GEI) announced that its wholly-owned subsidiary, Gibson Energy ULC, has launched an initiative to refinance its existing senior secured credit facilities, currently consisting of a US$375 million revolving credit facility due June 2016 and a US$650 million term loan facility due June 2018.
Magnum Hunter Resources Corporation (NYSE: MHR) (NYSE MKT: MHR.PRC) (NYSE MKT: MHR.
President will be holding its Annual General Meeting of shareholders at 11 am today and provides the following update. Paraguay As previously announced, President is acquiring 100 km of 2D data in the Demattei Concession, and 780 km2 of 3D in the Pirity Concession.
In continuation of the share repurchase programme that BP p.l.
Antero Resources LLC revised its 2013 capital budget and provided a natural gas hedging update. 2013 Capital Budget Antero's Board of Directors has approved an 18% increase in the company's 2013 capital budget to $1.
Oil States International, Inc. (NYSE:OIS) announced that the Company's U.
The management of Shelton Petroleum AB and the management of Petrogrand AB have decided to enter into an agreement regarding two directed issues of convertible debentures with a combined amount of approximately SEK 215 million and a tenure to 31 December 2013. The first convertible is unconditional and amounts to SEK 30 million and the second amounts to SEK 185 million and is conditional upon certain events.
Basic Energy Services, Inc. (NYSE: BAS) reported selected operating data for the month of May 2013.
NGL Energy Partners LP (NYSE:NGL) reported net income of $48.2 million and Adjusted EBITDA of $183.
At the annual general meeting in PetroGrand AB (publ) held today 14 June 2013, the following was resolved in accordance with the proposals of the board of directors (the "Board") and the nominating committee. The AGM resolved to adopt the profit and loss account and the balance sheet, and the consolidated profit and loss account and the consolidated balance sheet for the financial year 2012 and resolved that the means of SEK 213 149 060 shall be carried forward and that no dividend is paid for the financial year 2012.
Petrobras and Banco BTG Pactual S.A.
| Monday, June 17, 2013
Urals Energy PCL (AIM:UEN), the independent exploration and production company with operations in Russia, announces that it has entered into a short-term loan agreement with Petraco under which Petraco will advance the sum up toUS$7.0 million to the Company (the "Loan").
Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) announces the execution of further UK exploration farm-out transactions.
The Board of JKX Oil & Gas has sent the following letter to shareholders: Dear Shareholder I am writing to you to tell you about the results of the Annual Meeting of your company on Wednesday. More than 81 per cent of all shareholders voted and we were enormously pleased by the overwhelming support.
LGO today announces that Group-wide oil production from its operations in Trinidad and Spain now exceeds 400 bopd and on the 10th June 2013 total production was over 450 bopd, a new Group record. In Trinidad, where the Company produces from the Goudron and Icacos fields, LGO's net oil production has increased to 315 bopd on the 10th June 2013.
Eni has been awarded 4 exploration licenses in the Barents Sea, offshore Norway, of which 3 as Operator. Eni has been awarded the four licenses following the competitive 22nd international licensing round by the Norwegian Government, which ended today.
New World Oil & Gas (LON:NEW) announced this morning that it has secured a six-month extension in work programme commitment deadlines for Licences 1/09 and 2/09 at its Danica Jutland Project in Western Denmark. The extension was agreed with Danica Jutland ApS and the Danish North Sea Fund, and approved by the Danish Energy Agency.
If you've ever looked at the elements that create the images in a kaleidoscope, they are unremarkable: pebbles, beads and bits of colored glass, all mixed together. But when seen through the viewing end of the device, this mixture creates the illusion of pleasing, colorful and multiple identical designs where, in fact, there are none.
Further to its announcement of 24 April 2013, Range Resources Limited provide the following update with respect to its proposed strategic merger with International Petroleum Limited. Since announcing the intended merger transaction, key legal, technical, corporate and financial advisors have been appointed and the parties have made good progress towards the completion of due diligence and confirming the structure of the transaction, which is likely to be conducted as an off-market takeover offer by Range to International Petroleum shareholders.
New World Oil and Gas Plc, an oil and gas operating company focused on Denmark and Belize, is pleased to announce that it has secured a six-month extension in work programme commitment deadlines for Licences 1/09 and 2/09 ('the Licences') at its Danica Jutland Project in Western Denmark. This extension was discussed with Danica Jutland ApS and the Danish North Sea Fund, the Company's 20% full-paying partner, and approved by the Danish Energy Agency, and will allow the results of the recent acquisition of 3-D seismic survey and some soil geochemistry work over the Jensen prospects to be incorporated into a forward work programme on these licences.
Lundin Petroleum AB announce that its wholly owned subsidiary Lundin Norway AS has been awarded one exploration licence in the 22nd licensing round. The awarded licence, PL708, is located in the south eastern Barents Sea.
My observation remains that the last big innovation or disruptive breakthrough in subsurface interpretation was almost 20 years ago when Geoquest and Landmark 'invented' the 3D seismic interpretation workstation. My 'silent majority' are the folk who actually do the innovative work in oil & gas companies who are not only ignored, but hamstrung, by the technology and the purchasing policies of their companies! Since then, improvements have been incremental and the systems have fallen increasingly under the control of IT and supply chain managers who like low risk, competitively priced contracts with major suppliers that define a bundle or 'stack' of hardware, operating systems, master software license agreements, and most importantly, applications, in turn leading to high prices, lock-in and an inability to respond to business needs with innovative new applications.
Xun Energy, Inc., (OTCBB: XNRG) announced that the Company's operator, Vencedor Energy Partners (VEP), completed the 2nd and 3rd oil well pad for the Company's five oil well drilling and completions program on the Rice Lease in Venango County, PA.
Lion Energy Limited (ASX: LIO) announce that it has entered into a binding transaction coordination agreement and convertible loan agreement ('Transaction Agreements') with KRX Energy Pte Ltd (together with its affiliates, as appropriate, 'KRX') and Risco Energy Investments Pte Ltd (together with its affiliates, as appropriate, 'Risco'), pursuant to which the Company: a) has secured a $1.5 million convertible loan facility in favour of the Company from Risco (or its nominees) ('Convertible Loan'); b) will raise $2,500,000 by the placement of 100,000,000 fully paid ordinary shares ('Shares') in the capital of the Company to Risco (or its nominees) ('Proposed Risco Placement'); c) will seek shareholder approval to issue up to 80,000,000 new shares to professional and sophisticated investors ('Proposed Investor Placement'); and d) will acquire all of Risco's rights to a 35% interest in an area of mutual interest agreement ('AMI Agreement') which includes various unconventional oil and gas joint study applications onshore Indonesia ('Risco AMI Interest') in consideration for the issue of 39,900,108 Shares ('Proposed Asset Acquisition'), (the 'Proposed Transactions').
Far East Energy Corporation (OTCBB:FEEC) the US listed company that operates the Shouyang PSC in Shanxi Province, People's Republic of China, announced that 7 new wells have commenced in the 17 days since the last 2013 drilling program update release issued on Tuesday, May 28, bringing to 30 the number of wells spudded in 2013. They are production wells 128D, 62-3D, and 81-4D, as well as appraisal/exploration wells SYE-05, SYE-14, SYS02-1D, and SYW-14.
Chevron Corporation's (NYSE: CVX) subsidiary Cabinda Gulf Oil Company Limited confirmed that initial production of liquefied natural gas (LNG) has commenced at the Angola LNG project. Angola LNG is one of the largest energy projects on the African continent.
| Monday, June 17, 2013
Delonex Energy Limited, a new, world-class energy exploration and production company (E&P) focused on Central and East Africa, announced that an affiliate of Warburg Pincus, a global private equity firm focused on growth investing, has agreed to lead an investment of up to $600 million in the Company. Delonex Energy is led by Chief Executive Officer (CEO) Rahul Dhir, the former CEO of Cairn India Limited, where he led the company from its inception through to its $2 billion IPO and ultimate sale to Vedanta Resources plc.
| Monday, June 17, 2013
GeoPark Holdings Limited, the Latin American oil and gas explorer, operator and consolidator with operations and producing properties in Chile, Colombia, Brazil and Argentina (AIM: GPK), is pleased to announce the successful drilling, testing and putting into production of the Tarotaro 1 exploration well on the Llanos 34 Block in Colombia. GeoPark operates and has a 45% working interest in the Llanos 34 Block.
Petrobras, in compliance with the provision in the Brazilian Securities and Exchange Commission (Comissão de Valores Mobiliários, or CVM) Rule No. 358, of January 3, 2002, announces that its Board of Directors approved the restructuring of its petrochemical portfolio, and the subsequent merger of its wholly-owned subsidiaries Comperj Participações S.
Edge Resources Inc., the Canadian focused oil and gas explorer, developer and producer, today issues its updated reserves report prepared by Deloitte LLP ("Deloitte").
The International Association of Oil & Gas Producers (OGP) has elected Gordon Birrell to serve as Chair of its Management Committee. He was elected at the Association's recent Annual General Meeting, held in Brisbane, Australia.
Caracal Energy Inc. announced that it completed a previously disclosed Farm-in Agreement with GlencoreXstrata plc for the 25% farm-in for the development of the Badila and Mangara oil fields in Chad.
| Monday, June 17, 2013
Lamprell (ticker: LAM), a leading provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewable energy industries, is pleased to announce that it has signed binding commitment letters and detailed heads of terms for the arrangement of a new secured banking facility with a reduced number of five core lending banks. This new arrangement significantly simplifies the Company's lending structure and rationalises the covenants to a common basis.
Lundin Petroleum AB (TSX:LUP)(OMX:LUPE) through its wholly owned subsidiary Lundin Norway AS is pleased to announce the commencement of the drilling of the first development well on the Brynhild field in PL148, located in the Norwegian North Sea. The Brynhild field is located adjacent to the Norway-United Kingdom border, some 210 km from the Norwegian mainland.
Scaffolding specialist MAS Australasia Pty Ltd ('MAS') a subsidiary of AusGroup Limited, a leading provider of fabrication, manufacturing, construction and integrated services to the oil and gas and resources sectors, has secured an initial AU$34.5 million contract with CB&I and Kentz Joint Venture (CKJV) on the Chevron-operated Gorgon Project.
Yesterday the upper oil bearing sandstone was successfully perforated at Malolos-1 well. The perforation guns were covered in oil on retrieval.
North Sea Energy Inc. (TSX VENTURE:NUK) announces that the Norfolk joint-venture partners met recently for a Technical Committee Meeting in Aberdeen, hosted by the operator, First Oil Expro Limited.
Initial 7 foot section (2846-2853ft) perforated in the Upper C17 carbonates has continued to produce significant oil and gas to surface through ongoing reservoir pressure testing program Improved oil quality recovered in production testing in past week-samples assayed 36-37° API oil Strong well head pressures maintained over past week of between 300-400 psi during testing phase, with calculated natural reservoir pressure of approximately 1300 psi Oil production continued between 250-600 bopd on restricted choke sizes over the past 10 days when flowing well between shut ins for pressure testing program Oil cut of 100% from producing zone - no reservoirwater produced to date Construction of onsite production and storage facilities underway Negotiations advanced with a number of parties for Atzam #4 oil production 13ft zone in Upper C17 with better log interpretation (than current +600 bopd producing section in Upper C17) was not perforated due to the high pressure oil and gas production from perforated zone- will be perforated in future well production operations C13 and C14 carbonates remain untested above this C17 section, and are the main producing zones in the nearby Rubelsanto Field- produced over 30 mmbbl to date from 8 wells, 17km from Atzam Field Current Probable Reserve estimate of 2.3m barrels of oil in Atzam #4 well alone, to be revised on completion of production and pressure testing programs in coming week Net backs inGuatemala approximately 50% of the WTI market price - favourable economicsThe Company is pleased to advise that Latin American Resources (Operator) has undertaken a successful production and reservoir pressure testing program over the past 10 days on the perforated 7 foot section in the Upper C17 carbonates (2846-2853ft) in the Atzam #4 well, as announced on 3 June.
San Leon announce that all necessary approvals have been obtained to perform the hydraulic fracture work on the Lewino-1G2 well, Gdansk W concession in the Baltic Basin, described in the announcement dated 8 May 2013. Mobilisation will commence shortly, and operations are expected to commence during the first week of July.
Kulczyk Oil Ventures Inc. (WARSAW:KOV), an international upstream oil and gas exploration and production company, advises that the common shares of the Company, which trade on the Warsaw Stock Exchange ("WSE") under the trading symbol 'KOV' will be temporarily suspended from trading starting on Monday 17 June 2013 pending completion of a settlement of the consolidation of its common shares.