Tag Archive

Zion Continues Drilling in Israel

Zion Continues Drilling in Israel

August 10, 2017 No Comments

Zion Oil & Gas, Inc. (NASDAQ: ZN) continues active drilling operations at its Megiddo-Jezreel #1 well in Israel. As of today, we have reached a depth of approximately 5,850 feet (~1,785 meters) toward a proposed total depth of up to 15,000 feet. Zion’s President and COO, Dustin Guinn, says, “I am encouraged by the results […]

Kosmos Announces Second Quarter 2017 Results

Kosmos Announces Second Quarter 2017 Results

August 8, 2017 No Comments

Kosmos Energy Ltd. (“Kosmos”) (NYSE:KOS) announced financial and operating results for the second quarter of 2017. For the second quarter of 2017, the Company generated a net loss of $8.5 million, or $0.02 per diluted share as compared to net loss of $108.3 million or $0.28 per diluted share in the same period last year. […]

Cairn announce results SNE North-1 exploration well offshore Senegal

Cairn announce results SNE North-1 exploration well offshore Senegal

August 7, 2017 No Comments

The well encountered oil and gas in the primary objective and oil in the deeper secondary objective, in a separate accumulation to the SNE field. Further work is being undertaken to establish the potential commerciality of this discovery and to integrate the results with the block wide data gathered to date. The well result has […]

Nigeria to Extend Gas Pipeline to Cote d’ Ivoire

Nigeria to Extend Gas Pipeline to Cote d’ Ivoire

August 4, 2017 No Comments

The Nigerian National Petroleum Corporation (NNPC) has said the West African Gas Pipeline (WAGP) would be extended from Ghana to Cote d’ Ivoire as part of the Federal Government West African energy integration policy. The Group Managing Director of the NNPC, Dr. Maikanti Baru, made this disclosure on Wednesday while receiving a delegation from Cote […]

Kosmos Energy Announces Intention to List on the London Stock Exchange

Kosmos Energy Announces Intention to List on the London Stock Exchange

August 2, 2017 No Comments

Kosmos Energy Ltd. (“Kosmos” or the “Company”), a leading independent oil and gas exploration and production (“E&P”) company, announced its intention to pursue a secondary listing on the standard segment of the Main Market of the London Stock Exchange (“LSE”). Kosmos – Key Highlights Founded in 2003, Kosmos is a leading independent oil and gas […]

YPF signs Agreement for exploration in Bolivia

YPF signs Agreement for exploration in Bolivia

August 2, 2017 No Comments

YPF CEO Ricardo Darré signed a contract with YPFB to advance exploration work in Charagua, a block with natural gas resources potential estimated at 2.7 TCF (trillion cubic feet). Following the signing, Darre held an event with Bolivian Hydrocarbons Minister Luís Alberto Sánchez and YPFB President Óscar Barriga at the VII International Congress of YPFB […]

Faroe Acquires further Interest in Blane Field

Faroe Acquires further Interest in Blane Field

July 31, 2017 No Comments

Faroe Petroleum announced the conditional acquisition of a further 13.9935% interest in the Blane Field in the UK North Sea (“Blane Interest”) from JX Nippon Exploration and Production (U.K.) Limited (”JXN”) for a total consideration of $5.25 million (the “Acquisition”). Highlights Value accretive: consideration of $5.25 million corresponds to approximately $5.0/boe; value synergies include greater […]

Cuadrilla’s UK shale rock DrillRig arrives

Cuadrilla’s UK shale rock DrillRig arrives

July 27, 2017 No Comments

The drilling rig that will be used to drill the first two horizontal wells to be drilled into UK shale rock has been delivered to Cuadrilla’s shale gas exploration site at Preston New Road, Lancashire. Francis Egan, CEO of Cuadrilla, said: “We are very pleased to have taken delivery of the drilling rig to our […]

Interoil Announce Vikingo Testing Results

Interoil Announce Vikingo Testing Results

July 27, 2017 No Comments

Interoil Colombia E&P and SLS (farming partner) announced the testing of the three layers targeted in Vikingo with the following results: lower C7 has steadily produced 180 bpd of formation fluids with 40% water cut (net oil of 108 bopd 25 API) through artificial lift, then upper C7 did not produce and finally C5 has […]

Tullow Oil plc’s 2017 Half Year Results

Tullow Oil plc’s 2017 Half Year Results

July 26, 2017 No Comments

Tullow Oil plc (Tullow), the independent oil and gas exploration and production group, announces its results for the six months ended 30 June 2017. First half revenues of $0.8 billion, gross profit of $0.3 billion and free cash flow of $0.2 billion Summary: • Revenue of $0.8 billion. Gross profit of $0.3 billion. Free cash […]

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