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Wood Group collaborates with Librestream Technologies

June 27, 2017 No Comments

Wood Group has signed an extension to its collaborative agreement with Canadian technology company Librestream Technologies (Librestream) to continue its exclusive industry partnership, providing advanced digitally-enabled solutions for oil and gas customers. The agreement, initially signed in November 2015, has been extended for a further 12 months and combines Wood Group’s industry domain knowledge with […]

Tags: , , News analysis
Expect $30 Oil -Bank Of America

Expect $30 Oil -Bank Of America

June 21, 2017 No Comments

Oil prices hit on Tuesday their lowest levels since mid-November last year, with WTI entering a bear market, and analysts now see the price of oil sliding further down to below US$40 and even into the US$30s, as rising output from Libya and Nigeria adds to the persistent concerns over global oversupply. As of 2:21pm […]

Oil and Gas Newstrack to June 19

Oil and Gas Newstrack to June 19

June 20, 2017 No Comments

The price of OPEC basket of fourteen crudes stood at $44.46 a barrel on Monday, 19 June 2017, compared with $44.58 the previous Friday, according to OPEC Secretariat calculations. —————————- Nigeria has surpassed Angola to regain the top position as the largest oil exporter in Africa, a title it lost to Angola in 2016 after […]

Nostra Terra Agrees to acquire a further 25% of East Ghazalat

Nostra Terra Agrees to acquire a further 25% of East Ghazalat

June 15, 2017 No Comments

Nostra Terra (AIM:NTOG), the oil and gas exploration and production company with a portfolio of assets in the USA and Egypt, announces that on 14 June 2017 it reached agreement with Echo Energy plc (“Echo”) to acquire Echo’s 50% stake in Independent Resources Egypt Limited (“IRE”) (“the Acquisition”). IRE owns a 50% non-operating interest in […]

Baker Hughes and GE Reach Agreement with DOJ to Complete Proposed Transaction

Baker Hughes and GE Reach Agreement with DOJ to Complete Proposed Transaction

June 13, 2017 No Comments

Baker Hughes Incorporated (NYSE:BHI) and General Electric Company (NYSE:GE) announced that they have reached an agreement with the Department of Justice that would allow the parties to complete their proposed transaction under U.S. law. Today’s milestone represents significant progress toward creating an oil and gas productivity leader positioned to deliver value for customers, employees and […]

Savannah Petroleum Capital Markets Event

Savannah Petroleum Capital Markets Event

June 8, 2017 No Comments

Savannah Petroleum PLC (“Savannah”) announced that it is hosting a capital markets event for analysts and investors at its offices in London. Today, presentations will be given by Savannah’s management and operational team, and will include the following highlights: • R3 East 3D seismic survey (“R3 East”) was safely completed with no lost-time injury (“LTI”), […]

Eland Announce Final Results for the Year ended 31 December 2016

Eland Announce Final Results for the Year ended 31 December 2016

June 7, 2017 No Comments

Eland Oil & Gas PLC (AIM: ELA), an oil and gas production and development company operating in West Africa with an initial focus on Nigeria, announced the following update. 2016 highlights and 2017 developments · Challenging year due to prolonged Forcados shut-in and reduced revenues, requiring careful working capital management. · Cash currently at $6 […]

Jura Announces Commencement of Drilling in Badin IV North Block

Jura Announces Commencement of Drilling in Badin IV North Block

June 6, 2017 No Comments

Jura Energy Corporation (TSX VENTURE:JEC) (“Jura”) announced that drilling has commenced at Zainab-1 exploratory well in the Badin IV North block, which is located in the prolific oil and gas Lower Indus Basin of Pakistan. The projected depth of the well is 2,600 meters, which will target the Upper and Middle Sands of the Lower […]

Petronas Starts 2017 With Solid Q1 Performance

Petronas Starts 2017 With Solid Q1 Performance

June 6, 2017 No Comments

PETRONAS ended the first quarter of 2017 with marked improvements, recording an increase in profit after tax (PAT) of more than 100 per cent from the corresponding period last year. This was primarily driven by higher oil prices and improved margins from Upstream and Downstream businesses in tandem with PETRONAS’ on-going transformation efforts that have […]

Woodside Enters into Long-Term LNG Sale and Purchase Agreement With Pertamina

Woodside Enters into Long-Term LNG Sale and Purchase Agreement With Pertamina

June 6, 2017 No Comments

Woodside Energy Trading Singapore Pte Ltd (‘Woodside Singapore’) has entered into a long-term LNG sale and purchase agreement (‘SPA’) with PT Pertamina (Persero) (‘Pertamina’) for the supply of LNG commencing in 2019. Woodside Singapore has committed to supply initial ramp up quantities building to approximately 0.6 million tonnes per annum from 2022 to 2034, and […]

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