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Gulf Keystone receives $15 million payment for Shaikan crude oil exports

Gulf Keystone confirms today that a gross payment of $15.0 million has been received from the Kurdistan Regional Government ('KRG') for Shaikan crude oil export sales in July 2016.
Middle East | Thursday, September 29, 2016

Maersk Oil begins drilling on Culzean project

At 18:00 on 28 September, drilling of the first production well began on the Maersk Oil operated Culzean field in the UK. The well is the first of six production wells to be drilled on the high pressure/high temperature (HPHT) field, with continuous drilling activity planned over the next five years.
West Europe | Thursday, September 29, 2016

TAG Oil updates recent operational activities

Oil and gas exploration and production company, TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF, 'TAG'), is pleased to provide the following update on its operations in the Taranaki Basin of New Zealand.
Australasia | Thursday, September 29, 2016

Why the UK Labour Party is wrong on fracking: The Eco Pragmatic Climate View

Would 'fracking', the nasty sounding word for what is in reality a mundane process of onshore natural gas extraction, lock us 'into an energy infrastructure that is based on fossil fuels long after our country needs to have moved to renewables' as Barry Gardiner MP told the Labour Party conference this week? It need not. It should not.
West Europe | Thursday, September 29, 2016

Jura Energy Corporation provides update on gas and condensate discovery in Badin IV South block

Jura Energy Corporation (TSX VENTURE:JEC) is pleased to provide an update on gas and condensate discoveries at the Aminah-1 and Ayesha North-1 exploratory wells in the Badin IV South block. Jura holds a 27.
Middle East | Thursday, September 29, 2016

KKR and Venado form partnership to pursue oil and gas investments in Eagle Ford Shale

KKR and Venado Oil and Gas, LLC today announced a partnership to consolidate proven assets in the Eagle Ford Shale of South Texas. The partnership is principally funded by KKR's Energy Income and Growth Fund I ('EIGF').
North America | Thursday, September 29, 2016

Oil price, Range Resources, Providence, President, Sundry-IGas-Falcon Oil & Gas- And finally...

Oil price- Swing when you're losing So, with a small puff of white smoke the Opec contingent have packed their tents and headed to the November 30th meeting with a potential deal up their sleeves. The market reacted well, any deal was unexpected and this, whilst not being worth the paper it isnt written on, satisfies the marketing department in Vienna.
West Europe | Thursday, September 29, 2016

PETEX announces Jean-Georges Malcor as second 2016 Keynote Speaker

PETEX are pleased to announce their second Keynote Speaker at PETEX 2016: Jean-Georges Malcor, Chief Executive Officer at CGG. PETEX is drawing closer! Registration for PETEX is now open and the Conference Timetable will be released soon! See below for details.
West Europe | Thursday, September 29, 2016

OPEC racked with division, but too soon to write it off?

Investors have been burnt before, and are now skeptical that OPEC will overcome its internal divisions and agree to do something about chronically low oil prices. But could that be the wrong conclusion to draw? Some contrarian voices argue that now is precisely the time to look for a change of stance, in which the fractious group at last gets its act together.
Middle East | Thursday, September 29, 2016

Falcon Oil & Gas announces encouraging preliminary results from Amungee NW-1H well

Falcon Oil & Gas Ltd. (TSX VENTURE:FO)(AIM:FOG)(ESM:FAC) is pleased to provide the following technical update regarding the hydraulic stimulation of the horizontal Amungee NW-1H well in the Beetaloo Basin, Australia.
Australasia | Thursday, September 29, 2016

Northern Petroleum announces operational update and interim results

Northern Petroleum, the AIM quoted oil company focusing on production led growth, provides the following update on operations and announces its unaudited interim results for the six months ended 30 June 2016. Operational update Current production of approximately 390 barrels of oil per day ('bopd') Planned summer work programme completed with five wells brought into production three workover wells on production from mid September two waterflood wells recently started with oil rate expected to build in October One well currently suspended through August and September due to pipeline repair and forecast to be back on production in October at approximately 50 bopd Evaluating opportunity with a local power generation company concerning a joint venture to produce shut-in gas within the Company's leases to generate power both for operations and to sell into the local grid material operating cost savings possible $1.
North America | Thursday, September 29, 2016

Green Dragon Gas announces first half 2016 results

Green Dragon Gas (LSE: GDG), one of the leading independent gas development and production companies in China, today announces its results for the six months ended June 2016. Financial highlights Revenue decreased to US$12.
Asia Far East | Thursday, September 29, 2016

Jersey Oil & Gas announces interim results for the first half of 2016

Jersey Oil & Gas (AIM: JOG), an independent upstream oil and gas company focused on the UK Continental Shelf region of the North Sea, is pleased to announce its unaudited interim results for the six months ended 30 June 2016. Highlights Farm-out process launched and post period end completed a successful farm-out of an interest in UK Seaward Licence P.
West Europe | Thursday, September 29, 2016

LEKOIL announces results for the first half of 2016

LEKOIL (AIM: LEK), the oil and gas exploration and development company with a focus on Nigeria and West Africa, reports half year results for the six months to 30 June 2016. Highlights Otakikpo Continuous commercial production from Otakikpo expected in Q4 Flow tests successfully completed at Otakikpo-002 and Otakikpo-003 Tested flow rates of C5 6,404 bopd, C6 5,484 bopd and E1 5,703 bopd Phase 1 of the Otakikpo Field Development Plan ('FDP') is targeting a production rate of 10,000 bopd by end 2016 25,000 bbls crude storage tank on site.
Africa | Thursday, September 29, 2016

Global Petroleum announces review of the year ended June 30th 2016

The Directors of Global Petroleum Limited present their report together with the consolidated financial statements of the Group comprising Global Petroleum Limited and the entities it controlled at the end of, or during, the year ended 30 June 2016. Chairman and CEO's Review During the period covered by this report macro-economic factors have remained challenging and continue to form the context for both operational and commercial activity in the upstream energy business.
Australasia | Thursday, September 29, 2016

President Energy provides update on Argentine and Louisiana operations

President Energy (AIM: PPC), the oil and gas exploration company provides the following update on its Argentine and Louisiana operations. Well DP 1002 S/T, Dos Puntitas Field, Puesto Guardian Concession, Salta, Argentina.
South America | Thursday, September 29, 2016

Oilex announces plans for new well and 30% workforce reduction

Well Planning Oilex Ltd (the Company) is in the final stages of planning a vertical well in the Cambay PSC, located onshore Gujarat State India. The well has been designed to achieve the following objectives: To obtain core samples for the EP-IV zone reservoir which are needed for future drilling, completions and stimulation optimisation Subject to core analysis results, undertake well stimulation of the EP-IV zone To test the shallower OS-II zone for production and to prepare an OS-II Field Development Plan for submission to the Government of India to meet the PSC extension requirements, which are required two years prior to the end of the PSC term, in September 2019.
Asia Far East | Thursday, September 29, 2016

Tlou Energy announces approval of Environmental Impact Statement for Lesedi CBM Project

Tlou Energy Limited, the AIM and ASX listed company focused on delivering power in Botswana and Southern Africa through the development of coal bed methane projects, is pleased to announce that Botswana's Department of Environmental Affairs has approved the Environmental Impact Statement submitted by the Company in December 2015 for its Lesedi CBM Project , following a public review. Key points: EIS approval is a major achievement and facilitates application for a Production Licence ('Mining Licence') for a 50MW project at Lesedi, moving the Company through the exploration phase into development The authorisation is for all the specified project activities in the EIS application DEA considers that the EIS adequately addressed the relevant impacts associated with the proposed development at LesediTlou Executive Director Gabaake Gabaake said: 'We continue to deliver milestones which de-risk our development of a 50MW CBM project at Lesedi and the granting of the EIS is good news for the Company, for the Lesedi project and for the people of Botswana.
Africa | Thursday, September 29, 2016

Range Resources Limited announces 11% increase to reserves

Range is pleased to announce that independent petroleum consultants, Rockflow Resources Limited, have completed an evaluation and independent audit of the Company's oil and gas reserves and resources in Trinidad as at 30 June 2016 (FY 2016), with the findings summarised in the tables below. Commenting on today's announcement, Yan Liu, Chief Executive Officer, said: 'Our assets in Trinidad provide an exciting mix of exploration and development activities.
Central America | Thursday, September 29, 2016

Eni resumes production on Goliat field

Eni Norge resumed production on the Goliat field early Tuesday morning. Full production is expected to be reached within short, with full reinjection of gas and produced water.
West Europe | Wednesday, September 28, 2016

Government of Canada approves Pacific NorthWest LNG Project

The Government of Canada is working to grow our economy, create good jobs for the middle class and opportunities for Canadians while protecting the environment for future generations. As the Prime Minister has emphasized, the only way to get resources to market in the twenty-first century, is if it is done sustainably and responsibly.
North America | Wednesday, September 28, 2016

Energy Hunter Resources agrees to acquire mineral rights in Permian Basin

Energy Hunter Resources, Inc., an oil-focused energy company headquartered in Dallas, Texas, today announced that it has entered into an agreement to acquire mineral rights under approximately 320 gross acres located in Howard County, Texas.
North America | Wednesday, September 28, 2016

InterOil provides update on ExxonMobil transaction

InterOil Corporation (NYSE: IOC, POMSox: IOC) today provided the following update regarding InterOil's pending transaction with Exxon Mobil Corporation (NYSE: XOM): As previously disclosed, the closing of the transaction with ExxonMobil requires a final order from the Supreme Court of Yukon. The hearing was held on September 27 and the court is considering the matter, including an objection filed by Phil Mulacek.
North America | Wednesday, September 28, 2016

Repsol announces appointment of new director

Repsol, S.A.
West Europe | Wednesday, September 28, 2016

Terra Nova to acquire additional 30.833% working interest in PEL 112 & 444

Terra Nova Energy Ltd. (TSX VENTURE:TGC)(OTCQX:TNVMF) is pleased to announce that it has entered into an Agreement with Perseville Investing Inc.
Australasia | Wednesday, September 28, 2016

Dundee Energy announces resignation of director

Dundee Energy Limited (TSX:DEN) announced today that Cameron Berry has resigned as a director of the Company effective September 25, 2016. The board of directors of Dundee Energy would like to thank Mr.
North America | Wednesday, September 28, 2016

Swift Energy appoints new Chairman of the Board

Swift Energy Company announced today the appointment of Marcus C. Rowland, 64, as Chairman of the Board, effective September 26, 2016.
North America | Wednesday, September 28, 2016

Crestwood and SWEPI enter long-term gas gathering agreement in Permian - Delaware Basin

Crestwood Equity Partners LP (NYSE: CEQP) announced today that it has entered into a long-term agreement with SWEPI LP, a subsidiary of Royal Dutch Shell plc, to construct, own and operate a natural gas gathering system in Shell's operated position in the Permian - Delaware Basin. The system will be owned through Crestwood's previously announced joint venture with First Reserve, Crestwood's indirect general partner and largest unitholder, which was formed to finance and own midstream infrastructure in the Delaware Basin.
North America | Wednesday, September 28, 2016

PETEX announces Luca Bertelli as a 2016 Keynote Speaker

PETEX are pleased to announce that Luca Bertelli, Chief Exploration Officer at Eni is a PETEX 2016 Keynote Speaker! PETEX is drawing closer! The Conference Timetable will be released soon and Registration will open mid-July! See below for details. Keynotes The keynote speakers for the 2016 Conference are: Luca Bertelli-Chief Exploration Officer;Eni Jean-Georges Malcor-Chief Executive Officer; CGG Andrew Latham-VP Global Exploration Research; Wood Mackenzie Gunther Newcombe-Director, Exploration and Production; Oil & Gas Authority UK Spotlight on.
West Europe | Wednesday, September 28, 2016

The Regulation of Commodity Markets: Part Five

This is the fifth and final article in a series that takes a critical look at the application of financial regulation to the commodity market. We foresee a problem down the road when the regulators begin to assimilate the hecatombs of new data that will be reported to them by Dodd Frank Swap Data Repositories ('SDRs') and EMIR Trade Repositories ('TRs').
West Europe | Wednesday, September 28, 2016

Where Will Oil Prices Go After Algiers?

Saudi Arabia and Iran may yet come to terms on some sort of production arrangement, but the outcome of the negotiations in Algeria this week may not do much to rescue oil prices. Following the media spectacle, the oil markets may have to shift their attention back to the supply and demand fundamentals, which are not reassuring.
North Africa | Wednesday, September 28, 2016

Magnolia Petroleum announces half-yearly results for 2016

Magnolia Petroleum Plc, the AIM quoted US focused oil and gas exploration and production company, announces its half-yearly results for the six month period ended 30 June 2016. Operational Overview 151 producing wells (H1 2015: 195) in proven US onshore formations Active management of portfolio during H1 2016 saw: Divestment of 67 producing wells with little or no economic value 13 new wells commence production Elected to participate in three new wells - 14 wells currently at various stages of development Total net proved and developed producing reserves ('PDP') of 133.
North America | Wednesday, September 28, 2016

Genel Energy confirms receipt of payment for oil exports from Taq Taq field

Genel Energy plc is pleased to announce that the Taq Taq field partners have received a gross payment of $23.37 million from the Kurdistan Regional Government for oil sales during July 2016.
Middle East | Wednesday, September 28, 2016

Roxi Petroleum announces first half 2016 results

Roxi Petroleum plc, the Central Asian oil and gas company with a focus on Kazakhstan, announces its unaudited results for the six-month period ended 30 June 2016. Highlights Financial Operating costs significantly reduced despite increased operational activity Drilling costs in Kazakhstan remain low Work continues towards the proposed merger with BaverstockOperational Aggregate shallow well production from BNG for the period totalled 62,000 bopd Remains in line with work programme commitments, targeting renewal of BNG licences to production licences from June 2018Outlook Roxi is in compliance with its work programme commitments and is working towards the renewal of its BNG licence as a full production licence from June 2018.
Russia FSU | Wednesday, September 28, 2016

Volga Gas announces results for the first half of 2016

Volga Gas, the oil and gas exploration and production group operating in the Volga region of Russia, announces its results for the six months ended 30 June 2016. HIGHLIGHTS OIL, GAS AND CONDENSATE PRODUCTION Group production averaged 5,933 boepd in H1 2016 (H1 2015: 2,642), a 126% increase.
Russia FSU | Wednesday, September 28, 2016

PetroNeft announces results for first half of 2016

PetroNeft (AIM: PTR) an oil & gas exploration and production company operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67 is pleased to report its results for the 6 months ended 30 June 2016. Highlights Current gross production from Licence 61 is about 3,200 bopd.
Russia FSU | Wednesday, September 28, 2016

LGO Energy announces 2016 half-year report

Chief Executive's Review In the first half of 2016 LGO has remained focussed on its operations in Trinidad and Spain. The Company has also been able to address the financial pressures that resulted from the loan default with BNP Paribas ('BNPP') which followed the sharp fall in oil prices in late 2015.
Central America | Wednesday, September 28, 2016

Nostra Terra and Independent Resources announce settlement of loan note

Nostra Terra (AIM:NTOG) is pleased to announce that its Joint Venture with Independent Resources plc (AIM:IRG), Independent Resources (Egypt) Ltd, has reached an agreement with TransGlobe Petroleum International Inc. concerning the early repayment of the US$2.
West Europe | Wednesday, September 28, 2016

Gazprom and RusGazDobycha setting up project company to develop group of fields in Yamal-Nenets Autonomous Area

The Gazprom Board of Directors took notice of the information about the progress of the joint project for the development of the Parusovoye, Severo-Parusovoye and Semakovskoye fields located in the Yamal-Nenets Autonomous Area. It was highlighted that the work was underway to set up a joint project company as stipulated by the Master Agreement on the project's terms and conditions signed by Gazprom and RusGazDobycha.
Russia FSU | Wednesday, September 28, 2016

Ardyne appoints new Chief Operating Officer

Ardyne, provider of specialised plug and abandonment, workover, re-entry / slot recovery technology within downhole Bottom Hole Assemblies (BHAs) to the global energy industry, has strengthened its senior management team with the appointment of industry-heavyweight Jochem Scherpenisse as chief operating officer. Mr Scherpenisse has a wealth of international experience in the oil and gas industry, coming to Ardyne from Baker Hughes, where he spent the past 18 years, exposed to all levels and areas of operation, with particular experience on intervention.
West Europe | Wednesday, September 28, 2016

Karoon Gas acquires remaining 35% interest in Santos Basin exploration blocks jointly held with Pacific Exploration and Production

Karoon Gas Australia Ltd (ASX: KAR) has entered into a binding Sale and Purchase Agreement for Pacific Exploration and Production Corp.'s 35% equity interest in the jointly held Santos Basin exploration blocks S?M?1037, S?M?1101, S?M?1102, S?M?1165 and S?M?1166 for up to US$20.
South America | Wednesday, September 28, 2016

The economic and moral bankruptcy of UK energy policy

With its choice for Hinkley Point C - a £100 billion boondoggle - its enthusiastic support for expensive and environmentally harmful fracking, and its relentless attack on renewable energy, the UK government's energy policy is both morally and economically bankrupt, write Peter Strachan, Professor of Energy Policy at the Robert Gordon University, and Alex Russell, Professor and Chair of the Oil Industry Finance Committee. Westminster must reconsider this folly, which will be a disaster for the Conservative party, and embrace the renewable energy transition that can lead us into a clean and economically healthy future.
West Europe | Tuesday, September 27, 2016

United Hunter Oil & Gas to let oil and gas leases expire following dissolution of joint venture company Excelaron

United Hunter Oil & Gas Corp. (TSX VENTURE:UHO) announces that the management of Excelaron LLC has elected to dissolve the company and will be submitting a Certificate of Cancellation to the California Secretary of State's office to finalize this decision.
North America | Tuesday, September 27, 2016

Jura Energy Corporation commences drilling at Zarghun South-3

Jura Energy Corporation (TSX VENTURE:JEC) announced today that the drilling of Zarghun South-3 development well has commenced in the Zarghun South Development and Production Lease. The projected measured depth of the well is 1926 meters, which will target the Dunghan Limestone Formation of Paleocene age.
Middle East | Tuesday, September 27, 2016

DTE Energy to purchase natural gas midstream assets

DTE Energy today announced it will purchase midstream natural gas assets in support of the company's strategy to continue to grow and earn competitive returns for shareholders. The agreement calls for DTE to purchase 100 percent of Appalachia Gathering System (AGS), located in Pennsylvania and West Virginia, and 40 percent of Stonewall Gas Gathering (SGG), in West Virginia, from M3 Midstream.
North America | Tuesday, September 27, 2016

Newfield Exploration Company closes sale of Texas assets for $380 million

Newfield Exploration Company (NYSE: NFX) today announced the closing on its previously-disclosed transactions to sell its producing oil and gas properties and undeveloped acreage in Texas. Combined proceeds from the sales were approximately $380 million.
North America | Tuesday, September 27, 2016

Jones Energy completes STACK/SCOOP acquisition

Jones Energy, Inc. (NYSE:JONE) today announced the closing of its previously announced STACK/SCOOP acquisition for a closing price of $136.
North America | Tuesday, September 27, 2016

Painted Pony Petroleum closes asset exchange transaction

Painted Pony Petroleum Ltd. (TSX: PPY) is pleased to announce that it has closed the asset exchange transaction previously announced on July 27, 2016.
North America | Tuesday, September 27, 2016

Statoil cancels final phase of contract for East Epsilon jack-up rig

Statoil has decided to cancel the final phase of the contract with North Atlantic Drilling for the East Epsilon jack-up rig. The rig has been on contract to Statoil since 29 December 2010, performing operations for the Sleipner, Gudrun and Huldra licences.
West Europe | Tuesday, September 27, 2016

BP signs three concession amendments and reaches record production for the Nooros field in Egypt with partners

BP today announced it has signed with His Excellency the Egyptian Minister of Petroleum, Eng. Tarek El Molla, concession amendments for the Temsah, Ras El Barr and Nile Delta Offshore concessions in Egypt.
Middle East | Tuesday, September 27, 2016

GMB comments on arrival of first shale gas in Scotland

GMB Scotland has commented on the arrival today of the first shipment of US shale gas in Scotland. Refinery owner Ineos said that the gas would replace dwindling North Sea supples and secure the future of the plant's workforce.
West Europe | Tuesday, September 27, 2016

Xcite Energy provides update on potential restructuring

Xcite Energy provides an update on the restructuring of its senior secured bonds (the 'Bonds') issued by Xcite Energy Resources plc. As initially announced by the Company on 21 March 2016 in its full year results for the year ended 31 December 2015, the Company has been in discussions with its principal Bondholders with respect to a potential restructuring of the Bonds.
West Europe | Tuesday, September 27, 2016

PDVSA risks losing Curacao on failure to invest: Fuel for Thought

The failure of Venezuelan state-owned oil company PDVSA to live up to its contractually obligated investments in Curacao's Isla refinery has come back to bite them and they now risk losing it to China, which has stepped up to the plate with its own plan. PDVSA has operated the Di Korsou refinery, also known as Isla, and the Bullen Bay oil terminal since 1985 under a lease agreement due to expire at the end of 2019.
South America | Tuesday, September 27, 2016

Oil price, Range Resources, EOG/Union Jack, Bahamas Petroleum, Amerisur podcast, Sundry -Savannah-Providence Resources. And finally...

Oil price Ahead of tomorrow's 'Opec' meeting in Algeria hope springs eternal as bulls think a deal will be done. Even if a deal is apparently done that will only be part of it as previous deals have shown.
West Europe | Tuesday, September 27, 2016

Greka Drilling announces 2016 half-year report

Greka Drilling Limited (AIM: GDL), the largest independent and specialised unconventional gas driller in China, is pleased to announce its results for the six months ended 30 June 2016. FINANCIAL HIGHLIGHTS Revenue of US$2.
Asia Far East | Tuesday, September 27, 2016

Baron Oil announces interim results for the first half of 2016

Baron Oil Plc, the AIM-listed oil and gas exploration and production company primarily focused on opportunities in Latin America and South-East Asia, announces its unaudited interim financial information and results for the six months ended 30 June 2016. Highlights Bill Colvin becomes non-executive Chairman, Malcolm Butler appointed Chief Executive Officer, Geoff Barnes appointed Finance Director.
South America | Tuesday, September 27, 2016

LGO Energy establishes stable production from GY-668, perforates GY-288

LGO is pleased to announce that stable production has now been established from a new oil pay interval in well GY-668, the fifth of its planned heavy work-overs at the Goudron Field in Trinidad, and that GY-288, the sixth well in the program has now been perforated. A total of 89 feet of perforations were added to the Mayaro Sandstone, at depths between 1,265 and 1,385 feet, in GY-668 and a further 45 feet in GY-288 between 1,236 and 1,289 feet.
Central America | Tuesday, September 27, 2016

Indus Gas announces results for the year ended 31 March 2016

Indus Gas Limited (AIM:INDI.L), an oil and gas exploration and development company with assets in India, is pleased to report its full year results for the 12 months to 31 March 2016.
Asia Far East | Tuesday, September 27, 2016

Savannah Petroleum announces unaudited results for the first half of 2016

Savannah Petroleum PLC, together with its subsidiaries, today announces its unaudited interim results for the six month period ended 30 June 2016. First Half Summary Framework contract signed with BGP Niger SARL for the provision of 2D and 3D land seismic acquisition services in respect of the R1/R2 and R3/R4 PSC Areas; H1 cash operating costs of US$2.
Africa | Tuesday, September 27, 2016

Sirius Petroleum provides 2016 half-year report

Sirius Petroleum (AIM:SRSP), the investing Company focused on oil and gas development and production opportunities in Nigeria, announces its interim results for the six month period ended 30 June 2016. Results The interim results for the six month period ended 30 June 2016 reflect the costs incurred during the period to continue our evaluation work on the Ororo Field, in collaboration with our Technical Advisors, Havoc Partners and our Nigerian partners, Owena Oil & Gas and Guarantee Petroleum, and our London and Nigerian operations as we progress our Project Funding discussions in relation to drilling the Ororo-2 well.
Africa | Tuesday, September 27, 2016

Trinity Exploration & Production announces interim results for the first half of 2016

Trinity Exploration & Production Plc, an independent E&P company focused on Trinidad & Tobago, announces its unaudited interim results for the six months ended 30th June 2016. Operating highlights With no capital investment aimed towards increasing production, Trinity's subsidiaries (together 'the Group') average H1 2016 net production levels declined 14% to 2,659 boepd (H1 2015: 3,085 boepd).
Central America | Tuesday, September 27, 2016

Europa Oil & Gas sells part of interest in Wressle discovery to Union Jack oil

Europa Oil & Gas (Holdings) plc, the AIM traded oil and gas exploration, development and production company focused on Europe, is pleased to announce it has signed a Sale and Purchase Agreement ('SPA') in relation to its 33.34% interest in PEDL180 and PEDL182 ('the Licences') in North Lincolnshire with Union Jack Oil plc ('UJO').
West Europe | Tuesday, September 27, 2016

Providence Resources appoints new non-executive Chairman

Providence Resources P.l.
West Europe | Tuesday, September 27, 2016

Bahamas Petroleum Company announces interim results for the first half of 2016

Bahamas Petroleum Company, the oil and gas exploration company with a significant prospective resource in licences in The Commonwealth of The Bahamas, is pleased to announce its interim results for the six months ended 30 June 2016. Highlights Final passage of the new Petroleum Act by the Bahamian legislature, with the new law formally enacted as at 31 March 2016 Gazettal and implementation of the attendant Petroleum Regulations took place during the summer Process of updating the legal and regulatory environment of The Bahamas in anticipation of future exploration activities completed Anticipated drilling rig rates now at a quarter of where they were in 2012 Independent analysis by Wood Mackenzie shows that the anticipated well ranks in the top 10 'Drilling and Future Wells by Prospect Size' in estimate of pre-drill volumes Meaningful farm-out discussions have continued with a number of suitably qualified potential partners Cost cutting has continued apace - Board elected to increase its fee deferral from 1 April 2016 to 50% of contracted entitlements, 90% for CEO Company has saved a total of $678k in cash fees / salary outgoings since the deferrals commenced in 4Q 2014 As at 30 June 2016 the Company had a total cash balance of approx.
Central America | Tuesday, September 27, 2016

Range Resources Limited provides update on Trinidad waterflood projects

The Company is pleased to provide an update on its waterflood projects in Trinidad with the following highlights: The Company is making significant progress with implementing the full scheme on its waterflood projects; Waterflooding is estimated to increase the total recovery factor to over 30% over the next 8 years; The majority of the Company's forecast Trinidad production of 2,500 bopd by the end of 2017 is expected to be achieved from the waterflood projects; The environmental approvals for use of the additional water and construction of the new water pipeline on the Morne Diablo project have been granted; The Company applied for approvals to conduct injectivity testing on the additional waterflood project in the South Quarry block, planned for early next year; and A total capex budget US$17 million for waterflood projects for 2016 is fully funded by purchase order 2 of US$50 million with LandOcean with credit terms of 720 days.Following commencement of the initial water injection on two waterflood projects, Beach Marcelle and Morne Diablo, the Company has been making significant progress with implementing the full waterflood schemes.
Central America | Tuesday, September 27, 2016

S&P Global Platts Preview of U.S. EIA Data: Likely to Show Crude Oil Stocks Rose 3.2 Million Barrels

With all eyes on OPEC's informal talks in Algiers this week, any failure by major producers to cut back from record-high levels could spell greater U.S.
North America | Tuesday, September 27, 2016

UK political party Labour announces plans to ban fracking if they can win the next general election

The Conservative government's plans to go 'all out for shale gas' could come to a sharp end if Labour are able to take control in the next UK general election. The current government has been keen to drum up support for shale gas, with promises of job creation and greater energy security.
West Europe | Monday, September 26, 2016

RAK Petroleum completes of four-year development campaign in Côte d'Ivoire

RAK Petroleum plc, the Oslo-listed oil and gas investment company, announced today the completion of a four-year, $850 million field development programme by operator Foxtrot International LDC in Block CI-27 offshore Côte d'Ivoire. Two new gas fields, Marlin and Manta, have been brought on stream following the installation of a four-legged, manned platform and related processing and pipeline facilities and the drilling of one exploration and seven production wells.
Africa | Monday, September 26, 2016

Petrofac completes successful well decommissioning contract for Tullow Oil

Petrofac's differentiated approach to decommissioning, in support of Tullow Oil's well plugging and abandonment campaign in the Southern North Sea (SNS), has delivered significant results and saved US$2.5 million compared to traditional approaches.
West Europe | Monday, September 26, 2016

Condor Petroleum commences commercial oil production at Shoba oilfield

Condor Petroleum Inc. (TSX: CPI) is pleased to announce that the Company has commenced commercial oil production at the Shoba oilfield in Kazakhstan on September 18, 2016.
Russia FSU | Monday, September 26, 2016

Divergent Energy Services provides operations update

DIVERGENT Energy Services Corp. ('Divergent' or the 'Corporation') (TSX VENTURE:DVG) is pleased to provide the following operations update.
North America | Monday, September 26, 2016

Petrolia commences drilling lateral section of Bourque No 1

Pétrolia Inc. (TSX VENTURE:PEA) is pleased to announce that the work that will enable the drilling of the lateral section of Bourque No 1 began on September 25th.
North America | Monday, September 26, 2016

Junex applies for new production lease on Galt Oil Property

Junex Inc. (TSX VENTURE:JNX) is pleased to announce that it has made an application to the Quebec government for a 20 km2 (7.
North America | Monday, September 26, 2016

Oil price, Victoria Oil & Gas, Lamprell, Velocys, Egdon/EOG/Union Jack. And finally...

Oil price The 'Opec' meeting scheduled for Wednesday and looked forward to by so many bystanders looks like being a farce but don't say you weren't warned. When the Opec President called for this meeting back on August 9th, swiftly followed by the Opec machine led by the Saudis and others it all looked so good, even the Russians and the Iranians made comforting noises.
West Europe | Monday, September 26, 2016

Manitok Energy achieves highest production rate in last two years

Manitok Energy Inc. (TSX VENTURE:MEI) announces an update on corporate production rates.
North America | Monday, September 26, 2016

Krewe Energy acquires Coquille Bay Field

Krewe Energy, LLC, a privately held independent oil and gas exploration and production company based in Covington, Louisiana, announced today that it recently completed the acquisition of 100% of a Private Owner's interest in and Operatorship of the Coquille Bay Field located in Plaquemines Parish, Louisiana. The Coquille Bay Field is a vintage South Louisiana property which has been actively producing since the early 1950's.
North America | Monday, September 26, 2016

InfraStrata and Baron Oil revise Islandmagee option

InfraStrata plc (AIM:INFA), announces that it has agreed to a modification of the option held by Baron Oil Plc ('Baron') to acquire equity in Islandmagee Storage Limited ('IMSL'), the gas storage development company owned 90% by the Company. On 19 August 2016, the Company announced that it had repaid a loan from Baron and had amended the option which accompanied the loan from Baron, so that Baron had an option to acquire a 15% interest in IMSL for a payment of £1,536,498 until 31 March 2017.
West Europe | Monday, September 26, 2016

Winchester Energy spuds White Hat 38#2 well

Winchester Energy Limited will participate with a 50% working interest (WI) in a new well (White Hat 38#2) on the White Hat ranch oil lease. White Hat 38#2 was spud yesterday and becomes the seventh vertical well on the White Hat ranch oil lease.
North America | Monday, September 26, 2016

Noble Energy executes Leviathan gas sales contract with the National Electric Power Company of Jordan

Noble Energy, Inc. (NYSE: NBL) today announced the execution of a gas sales and purchase agreement (GSPA) to supply natural gas from the Leviathan field to the National Electric Power Company Ltd.
Middle East | Monday, September 26, 2016

What's the SCOOP on the STACK?

There are more than just earthquakes buzzing in Oklahoma. The South Central Oklahoma Oil Province and Sooner Trend Anadarko Basin Canadian and Kingfisher counties (SCOOP and STACK) are becoming some of the most highly sought after shale assets in North America.
North America | Monday, September 26, 2016

Velocys announces half-year 2016 interim results

Velocys plc (VLS.L), the company at the forefront of smaller scale gas-to-liquids (GTL), is pleased to announce its interim results for the six months ended 30th June 2016.
North America | Monday, September 26, 2016

Lamprell announces Johan Sverdrup contract award

Lamprell (ticker: LAM), a leading provider of fabrication, engineering and contracting services to the energy industry, is pleased to announce that it has received a new contract award from Jacktel AS, a wholly owned subsidiary of Master Marine AS, ('Master Marine'), for the upgrade of the mobile operating unit 'Haven' as an accommodation service vessel for the Statoil 'Johan Sverdrup' field, offshore Norway. The scope of works includes procurement, construction and installation of extended legs and new suction caissons.
West Europe | Monday, September 26, 2016

Petrel Resources provides interim statement regarding first half of 2016

The main focus of Petrel in the period under review was on activity in the Irish Atlantic Porcupine Basin: Petrel has a 15% carried interest in two Frontier Exploration Licences, FEL 3/14 and FEL 4/14, which total 1,050km2 and are operated by 85% holder Woodside Energy. Petrel recently applied under the 2015 Bid Round and was awarded an additional two Licensing Options, LO 16/24 and LO 16/25.
West Europe | Monday, September 26, 2016

Regal Petroleum announces unaudited results for the first half of 2016

Regal Petroleum plc, the AIM-quoted (RPT) oil and gas exploration and production group, today announces its unaudited results for the six month period ended 30 June 2016. Ukraine Operations Despite ongoing geopolitical events in Ukraine, the Group's production operations have continued relatively normally, although such events have resulted in volatility and weakening of the Ukrainian Hryvnia exchange rates and disruption to the gas sales market and gas sales price Average production from the MEX-GOL and SV fields over the six month period to 30 June 2016 of 167,541 m3/d of gas, 42.
Russia FSU | Monday, September 26, 2016

Zoltav Resources announces 2016 half-year report

Zoltav (AIM:ZOL), the Russia-focused oil and gas exploration and production company, announces results for the six months ended 30 June 2016. Financial Highlights Maiden profit before tax of USD 1.
Russia FSU | Monday, September 26, 2016

Green Dragon Gas provides update on Baotian-Qingshan block, Guizhou Province

Green Dragon Gas Ltd. (LSE: GDG), one of the largest independent companies involved in the production and sale of Coalbed Methane gas in China, is pleased to provide an update of the exploration and development activities for its Baotian-Qingshan block in Guizhou Province, PRC.
Asia Far East | Monday, September 26, 2016

SDX Energy announces directorate changes

SDX Energy Inc. (TSXV, AIM: SDX), the Egypt focused oil and gas company, is pleased to welcome Michael Raynes, Non-Executive Director, and Mark Reid, Chief Financial Officer, to the Board of Directors (the 'Board').
West Europe | Monday, September 26, 2016

Swire Oilfield Services appoints new CEO

Swire Oilfield Services, the world's largest supplier of cargo carrying units to the offshore energy industry, has welcomed its new CEO John Bruce (JB) Rae-Smith. He succeeds Tor Helgeland following his retirement in August 2016 after 22 years with the global company.
West Europe | Monday, September 26, 2016

Europa Oil & Gas announces results of independent CPR on Wressle discovery and Broughton North prospect

Europa Oil & Gas (Holdings) plc, the AIM traded oil and gas exploration, development and production company focused on the UK and Ireland, is pleased to announce the results of an independent Competent Person's Report prepared by ERC Equipoise Ltd, including estimates of Reserves and Contingent and Prospective oil and gas Resources for the UK onshore Wressle discovery and Broughton North prospect. Wressle and Broughton North are located on licences PEDL180 and PEDL182 and lie on structural trend with and 5 km from the Europa operated Crosby Warren field in East Lincolnshire.
West Europe | Monday, September 26, 2016

Victoria Oil & Gas announces interim results for the first half of 2016

Victoria Oil & Gas Plc, the integrated natural gas producing utility, today announces its unaudited interim results for the six months ended 30 June 2016. In the prior year the Company changed its accounting reference date to 31 December.
Africa | Monday, September 26, 2016

Baker Hughes announces weekly rig count

Baker Hughes Incorporated has posted Weekly Rig Count reports to its Investor Relations website. BHI Rig Count: U.
North America | Monday, September 26, 2016

Oil price, Sound Energy, Amerisur, Catch up-Hurricane-Lamprell-Faroe- And finally...

Oil price It's good to be back after an incredibly exciting, informative and whirlwind visit to Colombia which I will write up in more detailed reports in the next few days. Apart from todays news I shall attempt to make brief comments on this weeks events and will expect admonition for what I may have missed.
West Europe | Friday, September 23, 2016

Paramount Resources monetizes part of Seven Generations Energy shares, provides operational update

Paramount Resources Ltd. (TSX:POU) announces that it has monetized part of its holdings of 33.
North America | Friday, September 23, 2016

Teekay Offshore Partners awarded new North Sea shuttle tanker contracts

Teekay Offshore Partners L.P.
West Europe | Friday, September 23, 2016

BP in the Bight: why the planned oil spill response is too slow to protect the coast

Australia's offshore petroleum industry regulator is set to rule next week whether to grant oil giant BP's application to drill in the Great Australian Bight. But BP's environmental plan, released last week, suggests that the company's proposed plan for dealing with a blowout displays less urgency than would be expected in some other parts of the world.
Australasia | Friday, September 23, 2016

Carnarvon Petroleum announces discovery of gas and condensate at Roc-2

Carnarvon Petroleum Limited (ASX:CVN) provides the following update on wireline and testing operations as advised by the operator of the Roc-2 well, Quadrant Energy. Highlights within the Caley formation at Roc-2 Condensate rich gas samples extracted from the well at several locations 30 metres of net reservoir interpreted from wireline data 60 metres of gross gas and condensate charged sands intersected Excellent quality (100 to 350 mD) reservoir calculated from downhole sampling rates Forward plan to flow test the wellProgress Since the last report the full suite of wireline logs have been acquired, which have a higher resolution than the previously acquired Logging While Drilling ('LWD') logs, allowing for delineation of net and gross reservoir within the well.
Australasia | Friday, September 23, 2016

Don't be fooled by the numbers, Eagle Ford play is a sleeping giant

The Eagle Ford shale oil patch has seen brighter days. New well permits are down, production is low (down from its 2015 peak of 1.
North America | Friday, September 23, 2016