GE announces new partnerships & investments to support Saudi Vision 2030
Posted On May 25 ,2016 - 05:52-PM | by admin

GE (NYSE: GE) today announced new strategic partnerships and localization initiatives that support the goals of the Saudi Vision 2030 approved by the Custodian of the Two Holy Mosques HRH King Salman ...

SAIIC and GE sign MoU for US$3 (SAR11.25) billion joint investments
Posted On May 25 ,2016 - 05:20-PM | by admin

Saudi Arabian Industrial Investments Company (SAIIC) and GE (NYSE: GE) have signed a Memorandum of Understanding (MoU) to co-invest in strategic sectors that will help develop and localize industrial ...

Sterling Resources Files Executive Summaries of Reserves Reports
Posted On May 25 ,2016 - 05:43-PM | by admin

Sterling Resources Ltd. (SLG.V) ("Sterling" or the "Company") advised that executive summaries of the reserves and resources evaluation reports for the Breagh and Cladhan fields in the UK North Sea as...

Baker Hughes Announces Tender Offers for Certain Outstanding Debt Securities
Posted On May 25 ,2016 - 05:14-PM | by admin

Baker Hughes Incorporated (the “Company”) (NYSE:BHI) announced today that it has commenced a tender offer (the “Tender Offer”) to purchase for cash up to $1 billion combined aggregate principa...

First cargo of Yamal oil shipped from Arctic Gate offshore terminal
Posted On May 25 ,2016 - 05:32-PM | by admin

Shipments of Yamal oil from the Arctic Gate (Vorota Arktiki), an Arctic oil loading terminal, took place today in the Mys Kamenny settlement (Yamal Peninsula, Yamal-Nenets Autonomous Area). The event ...

PGNiG to receive LNG deliveries from Qatar and Norway
Posted On May 25 ,2016 - 05:59-PM | by admin

The first cargo of LNG under the Qatar contract is expected at the Świnoujście Terminal on June 17th 2016. Another delivery of LNG, purchased under a spot contract with Statoil, is scheduled for Jun...

Seven Energy Announce Results for the Three Months Ended 31 March 2016
Posted On May 25 ,2016 - 05:48-PM | by admin

Seven Energy Finance Limited, together with its parent company Seven Energy International Limited (“Seven Energy” or the “Group”), the leading integrated gas company in south east Nigeria, wit...

Technip awarded umbilical supply contract by Statoil in Norway
Posted On May 25 ,2016 - 05:11-AM | by admin

Technip’s wholly-owned subsidiary Technip Umbilicals Ltd. has been awarded a contract by Statoil ASA to supply the umbilical to the Oseberg Vestflanken 2 field offshore Norway. This field is locate...

Neste congratulates the winner of the 2016 Millennium Technology Prize
Posted On May 25 ,2016 - 05:17-AM | by admin

Neste would like to congratulate biochemical engineer Frances Arnold, the winner of the Millennium Technology Prize, announced on 24th May 2016. The prize sum is EUR 1 million. Neste ...

Repsol's 2016 Annual General Meeting
Posted On May 24 ,2016 - 05:53-PM | by admin

Repsol held its 2016 Annual General Meeting in Madrid, at which Chairman Antonio Brufau and CEO Josu Jon Imaz presented results and milestones from 2015 and the first months of 2016. During his pre...

Technip Announce Results of the option to receive the dividend payment for financial year 2015 in share
Posted On May 24 ,2016 - 05:37-PM | by admin

Technip announces that the shareholders who have elected to receive the payment of the dividend for financial year 2015 in shares represented 57.3% of Technip's shares. At the Annual General Meetin...

Total Announce Approval of resolutions proposed by the Board of Directors
Posted On May 24 ,2016 - 05:19-PM | by admin

The Annual Shareholders’ Meeting of Total was held on May 24, 2016, under the chairmanship of Patrick Pouyanné. The Shareholders adopted all resolutions recommended by the Board of Directors, inclu...

San Leon Energy Announce Nigerian Onshore Production Deal Update
Posted On May 24 ,2016 - 05:50-AM | by admin

San Leon Energy plc ("San Leon" or "the Company"), the AIM quoted oil and gas exploration and production company focused on Europe and Africa, provided the following update on its production deal on t...

DEA awarded two licences in the Barents Sea
Posted On May 23 ,2016 - 05:42-PM | by admin

In the 23rd licensing round, the Norwegian Ministry of Petroleum and Energy has offered DEA Norge two new licences in the Barents Sea. DEA is awarded a 30% share in the licences PL609C and PL851 in...

Neste welcomes US EPA's proposal on renewable fuel volume requirements
Posted On May 23 ,2016 - 05:30-PM | by admin

The Environmental Protection Agency (EPA) in the US published a proposed ruling covering renewable fuel volume requirements for 2017 under the Renewable Fuel Standard (RFS) program on 18 May 2016. The...

Statoil Announce Cancellation of rig contract
Posted On May 23 ,2016 - 05:27-AM | by admin

Statoil has, on behalf of the Aasta Hansteen licence, decided to cancel the contract with Seadrill for the West Hercules drilling rig. On contract with Statoil since 31 January 2013, the rig has ca...

Seplat Announce Notice of dividend currency exchange rates - 2015 final dividend
Posted On May 20 ,2016 - 05:30-AM | by admin

Seplat Petroleum Development Company Plc ("Seplat" or the "Company") today confirms that the following currency exchange rates will be applicable in determination of the 2015 final dividend payment to...

PETRONAS Reports Tough Start to 2016
Posted On May 20 ,2016 - 05:51-AM | by admin

PETRONAS has recorded a group pre-tax profit of RM6.8 billion for the quarter that ended 31 March 2016, 60 per cent lower than the RM17.0 billion posted in the corresponding quarter of 2015. This w...

Cheniere Announces Closing of $1.25 Billion Senior Secured Notes
Posted On May 20 ,2016 - 05:46-AM | by admin

Cheniere Energy, Inc. ("Cheniere") (NYSE MKT: LNG) announced that its wholly owned subsidiary, Cheniere Corpus Christi Holdings, LLC ("CCH"), has closed the previously announced offering of $1.25 bill...

Petrolessons, The First Peer-to-Peer Training Marketplace
Posted On May 20 ,2016 - 05:23-AM | by admin

Petrolessons.com, a First-of-Its-Kind Peer-to-Peer Online Training Portal for the Oil & Gas Industry Calls for Oil and Gas Professionals to share their knowledge and get paid for it. Every experienced...

Oil Search and Total sign agreement regarding acquisition of InterOil assets in Papua New Guinea
Posted On May 20 ,2016 - 05:56-AM | by admin

Oil Search Limited and Total SA announced that they have entered into an exclusive Memorandum of Understanding (MoU). This follows Oil Search’s agreement to acquire InterOil Corporation (InterOil), ...

What Does The Next OPEC Meeting Have In Store?
Posted On May 20 ,2016 - 05:50-AM | by admin

The next OPEC meeting on the 2nd of June will act as little more than a forum for continued altercations between Saudi Arabia and Iran The 2 June 2016 OPEC meeting will be held amid a backdrop of ...

Technip and FMC Technologies Merge
Posted On May 19 ,2016 - 05:09-PM | by admin

Technip and FMC Technologies have announced that the companies will combine to create a global leader that will drive change by redefining the production and transformation of oil and gas. The combine...

MeteoGroup SPOS Onboard and RouteGuard services to include worldwide tidal currents model
Posted On May 19 ,2016 - 05:21-PM | by admin

MeteoGroup, a world leading weather business, has developed and integrated its own in-house tidal currents model into its SPOS Onboard and RouteGuard services. Available worldwide, the model will impr...

Gazprom and Thai oil and gas company PTT sign MoU
Posted On May 19 ,2016 - 05:48-AM | by admin

Alexey Miller, Chairman of the Gazprom Management Committee, and Tevin Vongvanich, President and Chief Executive Officer of the Thai state-owned company PTT, signed a Memorandum of Understanding on co...

Oceanteam ASA - Release Q1 2016 Report
Posted On May 19 ,2016 - 05:45-AM | by admin

Strong EBITDA due to sustainable business operations, solid contribution from Shipping and Solutions segments with focus on increasing contract backlog and a significant revenue accrual for early rede...

Cairn Announce Senegal Appraisal Well result
Posted On May 19 ,2016 - 05:20-AM | by admin

Cairn Energy announced the results of the SNE-4 appraisal well offshore Senegal where operations have been safely and successfully completed following drilling, coring and logging. The well is now bei...

DEA ready for further growth in Norway
Posted On May 19 ,2016 - 05:57-AM | by admin

New organisation set and new Managing Director appointed After a five-month integration process, DEA has set up a new organisation in Norway.

C-Kore Systems deploys Subsea Monitoring Tools for Shell
Posted On May 19 ,2016 - 05:22-AM | by admin

C-Kore Systems Ltd, a UK based company, recently deployed their C-Kore subsea monitoring tools for Shell E&P. The C-Kore units analyzed the electrical properties of the umbilicals, jumpers, dis...

Statoil awarded considerable position in 23rd licensing round
Posted On May 18 ,2016 - 05:18-PM | by admin

The Ministry of Petroleum and Energy has awarded five licences to Statoil in the 23rd licensing round, four as operator and one as partner.

“The Norwegian continental shelf (NCS) is...

Annual Energy Outlook 2016
Posted On May 17 ,2016 - 05:57-PM | by admin

EIA publishes Annual Energy Outlook 2016 Early Release with a summary of the Reference case, including the Clean Power Plan, and a No-CPP case Today, the U.S. Energy Information Administration post...

Petrona's first FLNG sets sail to Malaysia
Posted On May 17 ,2016 - 05:21-PM | by admin

PETRONAS’ first floating liquefied natural gas (LNG) facility, PFLNG SATU has set sail to the Kanowit gas field, offshore Sarawak, making its historic 2,120 nautical mile journey to Malaysia on 14 M...

JX Nippon Signs Strategic Cooperation Agreement with Vietnam National Petroleum Group
Posted On May 17 ,2016 - 05:04-PM | by admin

JX Nippon Oil & Energy Corporation (NOE), announced that NOE and Vietnam National Petroleum Group (known as “Petrolimex”), the largest distributor of petroleum products in Vietnam, agreed that NOE...

Ithaca Energy Q1-2016 Financial Results
Posted On May 17 ,2016 - 05:24-PM | by admin

Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) (“Ithaca” or the “Company”) announces its results for the three months ended 31 March 2016 (“Q1-2016” or the “Quarter”).

    Re...

Rosneft and PetroVietnam Expand Cooperation
Posted On May 17 ,2016 - 05:55-PM | by admin

Rosneft and Vietnam Oil and Gas Group (PVN) PetroVietnam have signed a cooperation agreement. The document was signed in the presence of Russian Prime Minister Dmitry Medvedev and Prime Minister of ...

Rockhopper Announce Result of Independent Resources Audit
Posted On May 17 ,2016 - 05:00-PM | by admin

Rockhopper Exploration plc (AIM: RKH), the oil and gas company with key interests in the North Falkland Basin and the Greater Mediterranean region, is delighted to announce the completion of an indepe...

IMF, at the Conclusion of Visit to Iran
Posted On May 17 ,2016 - 05:52-PM | by admin

Statement by Mr. David Lipton, First Deputy Managing Director of the IMF, at the Conclusion of his Visit to Iran Mr. David Lipton, First Deputy Managing Director of the International Monetary Fun...

Neste's Pre-Order the Future project has generated hundreds of ideas for renewable solutions
Posted On May 17 ,2016 - 05:57-PM | by admin

Neste's Pre-Order the Future project has generated over 370 unique renewable ideas during the project's first three weeks. After launching the project on the 20th of April people have been able to sub...

Economic Diversification in Kuwait and other GCC countries
Posted On May 17 ,2016 - 05:48-AM | by admin

The IMF Middle East Center for Economics and Finance, jointly with the Fund for Economic and Social Development, held a symposium that discussed the path to economic diversification in Kuwait and othe...

Premium-quality traffic fuels of Neste are Futura again
Posted On May 16 ,2016 - 05:10-AM | by admin

The premium-quality gasoline and diesel fuels of Neste are Futura fuels once again. Premium-quality Neste Pro Diesel will retain its well-established name. Previously, Futura traffic fuels were succes...

Statoil farms into Turkey onshore acreage
Posted On May 16 ,2016 - 05:07-AM | by admin

Statoil has entered a binding letter agreement into two exploration licenses in the Thrace region in the European north-western part of Turkey. Statoil will have a 50% interest in the Banarli licen...

Third Energy Says KM8 Planning Application Recommended For Approval
Posted On May 13 ,2016 - 05:46-PM | by admin

Commenting on the recommendation by North Yorkshire County Council to approve the planning application to hydraulically fracture the KM8 well, Rasik Valand, Chief Executive of Third Energy said: ...

TGS reaches 75% acquisition progress mark on Gigante seismic program
Posted On May 13 ,2016 - 05:56-PM | by admin

TGS announced that it has acquired approximately 141,000 kilometers (75%) of the planned 186,000 km 2D seismic project, Gigante. Gigante covers the entire offshore sector of Mexico and ties into TGS'...

Wintershall awards service contract for Maria project to Halliburton
Posted On May 13 ,2016 - 05:21-PM | by admin

Wintershall Norge AS has awarded a four-year service contract to support its exploration and development projects in Norway to Halliburton Norge AS. The contract is effective immediately and will b...

Eni Shareholders approve 2015 Financial Statements at Annual Meeting
Posted On May 13 ,2016 - 05:27-AM | by admin

The Ordinary Meeting of Eni’s Shareholders, held 12/05/16, resolved the following:

  1. To approve the financial statements at December 31, 2015 of Eni S.p.A. which show a net p...

Nord Stream 2 to spur European gas market development
Posted On May 13 ,2016 - 05:06-AM | by admin

A meeting was held in Berlin between Alexey Miller, Chairman of the Gazprom Management Committee, and Sigmar Gabriel, German Vice Chancellor and Minister for Economic Affairs and Energy. The parti...

Neste Says Finland is proposing amendments to its ownership policy
Posted On May 13 ,2016 - 05:27-AM | by admin

The State of Finland is proposing amendments to its ownership policy - holding in shares of Neste could decrease Neste was informed on May 12, 2016, that the Finnish Government's Ministerial Commi...

Eni announces a new model of integration between its traditional business and energy from renewable sources
Posted On May 12 ,2016 - 05:07-AM | by admin

Eni has made new and important progress in its commitment to combatting climate change, creating an original model of integration between its traditional business and energy from renewable sources. ...

Equatorial Guinea Empowers Nationals with ‘Historic’ Oil & Gas Technical Training Program
Posted On May 12 ,2016 - 05:44-AM | by admin

The Ministry of Mines, Industry and Energy of Equatorial Guinea announces that it has signed an agreement with the Southern Alberta Institute of Technology (SAIT Polytechnic) to provide comprehensive ...

Developing economies in Asia lead projected growth in world energy use
Posted On May 12 ,2016 - 05:12-AM | by admin

World energy consumption is projected to increase by 48% over the next three decades, led by strong increases in the developing world—especially in Asia, according to International Energy Outlook 20...

Statoil ASA Approves dividend of USD 0.2201 per share for fourth quarter 2015
Posted On May 12 ,2016 - 05:59-AM | by admin

On 11 May 2016 the annual general meeting of shareholders in Statoil ASA (OSE: STL, NYSE: STO) approved the annual report and accounts for Statoil ASA for 2015, as proposed by the board of directors. ...

Fugro commences Barents Sea Metocean and Ice Network Project
Posted On May 11 ,2016 - 05:00-PM | by admin

Fugro has begun a three-year period of metocean and ice data acquisition as part of the Barents Sea Metocean and Ice Network Project. The data will help operators to better understand relevant oper...

IMF Staff Concludes Review Mission to Ghana
Posted On May 11 ,2016 - 05:42-PM | by admin

A team from the International Monetary Fund (IMF), led by Joël Toujas-Bernaté, visited Accra from April 27-May 11, 2016, to conduct discussions on the third review of Ghana’s financial and economi...

Eni's production reaches 65,000 boed with Nooros field just 10 months after discovery
Posted On May 11 ,2016 - 05:30-PM | by admin

Eni, following the start of production of the Nidoco North 1X exploration well and the Nidoco North West 4 development well, brought the production of Nooros field, located in Abu Madi West concession...

Husky Energy Sells Southwest Saskatchewan Assets for $595 Million
Posted On May 11 ,2016 - 05:55-AM | by admin

Husky Energy (TSX: HSE) has reached an agreement for the sale of select assets in southwest Saskatchewan for $595 million to Whitecap Resources. "Today's announcement is another step in the transit...

Africa Oil Announces Significant Increase 2C Oil Resources
Posted On May 11 ,2016 - 05:20-AM | by admin

Africa Oil Corp has announced that an independent assessment of the Company's Contingent Resources in the South Lokichar Basin located in Blocks 10BB and 13T in Kenya has been completed by DeGolyer an...

Technip awarded multi-disciplinary engineering services contract by Woodside
Posted On May 11 ,2016 - 05:28-AM | by admin

Technip has been awarded an engineering services contract by Woodside to provide multi-disciplinary engineering services as part of an engineering panel. This contract covers all Woodside operated ons...

Premier Oil Announce Trading and Operations Update
Posted On May 11 ,2016 - 05:32-AM | by admin

Premier provided the following trading update for the period 1 January to 30 April 2016. This update was issued in advance of the Company’s Annual General Meeting which held at 11 Cavendish Square, ...

Wave Of Violence Causes Nigerian Oil Output To Fall To 20 Year Lows
Posted On May 11 ,2016 - 05:09-AM | by admin

The oil markets have suddenly been hit with a multitude of unexpected supply disruptions, the largest of which comes from the more than 1 million barrels per day that have been knocked offline because...

Anadarko Declares Dividend
Posted On May 11 ,2016 - 05:27-AM | by admin

The Board of Directors of Anadarko Petroleum Corporation (NYSE: APC) declared a quarterly cash dividend on the company's common stock of 5 cents per share, payable June 22, 2016, to stockholders of re...

Oando Commences Development Of Multi-Billion Naira Mini LNG Project
Posted On May 10 ,2016 - 05:56-PM | by admin

Oando Gas & Power Limited (“OGP”), the foremost indigenous developer and provider of gas and power solutions, and a fully-owned entity of Oando PLC, has commenced development of a mini Liquefied ...

Repsol Reports Adjusted net income was 572 million Euros
Posted On May 10 ,2016 - 05:03-PM | by admin

Repsol posted an adjusted net income of 572 million euros in the first quarter of 2016, compared with 928 million in the same quarter of the previous year, which included exceptional earnings of 500 m...

Oil Prices Rally As Canadian, Nigerian Outages Continue
Posted On May 10 ,2016 - 05:17-PM | by admin

One hundred and seventeen years after the birth of Fred Astaire, and the oil market is getting its groove on – facing the music and dancing higher. Hark, here are five things to consider in the oil ...

Eni successfully launch fixed rate bond
Posted On May 10 ,2016 - 05:25-PM | by admin

Eni successfully launched today a dual tranche fixed rate bonds issue at 6 and 12 years for a total notional amount of Euro 1.5 billion. Both transactions was placed in the international Eurobond mark...

Pura Vida Increases Equity to 100% and takes Operatorship over Ambilobe block
Posted On May 10 ,2016 - 05:11-PM | by admin

Pura Vida Energy NL (ASX: PVD) advises that it has increased its equity to 100% and has taken Operatorship of, the Ambilobe block, offshore Madagascar following the withdrawal of Sterling Energy (UK) ...

Paradigm Opens a Seismic Center of Excellence in Mumbai, India
Posted On May 10 ,2016 - 05:27-PM | by admin

Paradigm® announced that it has opened a Seismic Center of Excellence in Mumbai, India. The center, staffed by domain experts, will be dedicated to dealing with the challenges associated with proces...

DEA Management Board expands
Posted On May 10 ,2016 - 05:59-PM | by admin

Dmitry Avdeev has been appointed as a member of the Board of Management of DEA Deutsche Erdoel AG. DEA’s Supervisory Board had decided the expansion of the Board on 4 May. Effective as of 1 August...

Marathon Oil Reports First Quarter 2016 Results
Posted On May 10 ,2016 - 05:58-AM | by admin

Marathon Oil Corporation (NYSE:MRO) reported a first quarter 2016 adjusted net loss of $317 million, or $0.43 per diluted share, excluding the impact of certain items not typically represented in anal...

Rosneft Delivers its First LNG Shipment to Egypt
Posted On May 10 ,2016 - 05:00-AM | by admin

Rosneft Trading SA, a company of Rosneft Group, delivered its first LNG shipment as part of its contract with Egyptian Natural Gas Holding Company. The delivery of the cargo was made by the GOLAR ICE ...

PA Resources Executes Sale and Purchase Agreement with ETAP
Posted On May 10 ,2016 - 05:06-AM | by admin

PA Resources AB (“the Company”) announced that its wholly owned subsidiaries, PA Resources Tunisia Limited, Hydrocarbures Tunisie Didon Limited, Hydrocarbures Didon Jersey Limited and Hydrocarbure...

Kosmos Energy Announces Significant Gas Discovery Offshore Senegal
Posted On May 10 ,2016 - 05:40-AM | by admin

Kosmos Energy (NYSE: KOS) announced that its Teranga-1 exploration well offshore Senegal has made a significant gas discovery. Located in the Cayar Offshore Profond block approximately 65 kilometer...

IMF Staff Completes 2016 Article IV Mission to Oman
Posted On May 10 ,2016 - 05:25-AM | by admin

An International Monetary Fund (IMF) team led by Allison Holland visited Muscat from April 24 to May 4 to hold the 2016 Article IV consultation discussions with Oman. At the conclusion of ...

GE Introduces New Ultrafiltration Membrane for Offshore Oil and Gas Market
Posted On May 09 ,2016 - 05:54-PM | by admin

GE (NYSE: GE) announced a new water treatment technology for the offshore oil and gas industry. GE’s new ZeeWeed* 700B horizontal-designed, inside-out ultrafiltration (UF) membrane offers seawater p...

McDermott Awarded Three Offshore EPCI Projects in Arabian Gulf
Posted On May 09 ,2016 - 05:35-PM | by admin

McDermott International, Inc. (NYSE:MDR) announced that it has been awarded three separate projects by a major national oil company for the integrated engineering, procurement, construction, and insta...

IMF Staff Completes 2016 Article IV Mission to the United Arab Emirates
Posted On May 09 ,2016 - 05:58-PM | by admin

End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do...

Proposed acquisition of Saft Group by Total
Posted On May 09 ,2016 - 05:19-PM | by admin

Total and Saft announced today that, following the signature of an agreement between the companies, Total filed a friendly tender offer on all of the issued and outstanding shares in the capital of Sa...

Songa Offshore SE Announce April fleet update
Posted On May 09 ,2016 - 05:36-AM | by admin

Songa Dee achieved an operational efficiency of 100% and an earnings efficiency of 99% for the month, working for Statoil in Norway. Songa Delta achieved an operational efficiency of 100% and an ea...

Team of Oil Traders and Upstream Professionals Unveils DMWA Resources
Posted On May 09 ,2016 - 05:00-AM | by admin

The firm combines a vast network of industry contacts with extensive African oil & gas industry experience to offer an unparalleled service to NOCs and multinational companies operating on the contine...

Occidental Petroleum Announces 1st Quarter 2016 Results
Posted On May 05 ,2016 - 05:54-PM | by admin

Occidental Petroleum Corporation (NYSE:OXY) today announced its first quarter 2016 financial results Occidental Petroleum Corporation (NYSE:OXY) announced that operating cash flow from continuing ...

Cue Gets 4 year extension for Mahakam Hilir PSC exploration
Posted On May 05 ,2016 - 05:17-AM | by admin

Cue Energy Resources Ltd (ASX:CUE) advised that it has been notified by SKK Migas of the approval of its request for a four year extension to the exploration period of the Mahakam Hilir PSC until May ...

OMV and NIOC sign MoU
Posted On May 05 ,2016 - 05:19-AM | by admin

The National Iranian Oil Company (NIOC) and OMV, the international, integrated oil and gas company, have met in Tehran, Iran and signed a Memorandum of Understanding (MoU) concerning the evaluation of...

Wood Group awarded contract across Shell’s North Sea offshore assets
Posted On May 05 ,2016 - 05:53-AM | by admin

Wood Group has been awarded a three year contract extending its support of Shell’s eight UKCS offshore assets. Wood Group PSN (WGPSN) will continue to deliver maintenance and construction services...

SSAB introduces Strenx 700 OME performance steel
Posted On May 04 ,2016 - 05:44-PM | by admin

Strenx 700 OME from SSAB provides the offshore industry with new opportunities to save weight and reduce welding costs. The dual-certified Strenx 700 OME meets the standard requirements of ABS AB E...

Wilkens Weather releases new iOS mobile app tools with real-time, site-specific tracking of global tropical cyclones
Posted On May 04 ,2016 - 05:53-PM | by admin

Wilkens Weather Technologies® (WWT) has released a new version of its iOS Mobile App. The latest version contains a series of major upgrades to the app's Interactive Weather Map, including a new Thre...

Schlumberger Launches Industry’s Highest-Pull Wireline Conveyance System
Posted On May 04 ,2016 - 05:10-PM | by admin

Schlumberger announced the launch of the MaxPull* high-pull wireline conveyance system that can pull from 18,000 lbf to 30,000 lbf in wells 40,000 ft [12,192 m] deep or more. The MaxPull system’s en...

Schlumberger Introduces Industry-First Microfluidic Analysis Technology
Posted On May 04 ,2016 - 05:00-PM | by admin

Schlumberger announced at the 2016 Offshore Technology Conference the release of the Maze* microfluidic SARA analysis for reservoir fluids characterization. This is the first commercial application of...

Statoil Release Information relating to first quarter 2016 dividend
Posted On May 04 ,2016 - 05:02-PM | by admin

Key information relating to the cash dividend to be paid by Statoil (OSE:STL, NYSE:STO) for first quarter 2016. Dividend amount: 0.2201 Declared currency: USD Last day including right: 9 August 2...

Noble Energy Announces Solid First Quarter 2016 Results
Posted On May 04 ,2016 - 05:22-AM | by admin

Noble Energy, Inc. (NYSE:NBL) ("Noble Energy" or "the Company") today announced results for the first quarter of 2016, including an adjusted net loss(1) of $228 million, or $0.53 per diluted share, ex...

Why China Is Really Dictating the Oil Supply Glut
Posted On May 04 ,2016 - 05:46-AM | by admin

Ship tracking data from Bloomberg shows that 83 supertankers carrying around 166 million barrels of oil are headed to China, which has stockpiled an impressive 787,000 barrels a day in the first quart...

Noble Energy Sells Certain Greeley Crescent Acreage in DJ Basin for $505 Million
Posted On May 04 ,2016 - 05:51-AM | by admin

Noble Energy, Inc. (NYSE: NBL) ("Noble Energy" or "the Company") announced that it has signed a definitive agreement to divest certain oil and natural gas properties in the Greeley Crescent area of We...

Panoro Energy announces first oil production from the Aje field in Nigeria
Posted On May 04 ,2016 - 05:37-AM | by admin

Panoro Energy ASA (“the Company” or “Panoro” with OSE ticker: "PEN"), the independent E&P company with assets in Nigeria and Gabon, notes the recent announcement made by its partner, the Opera...

NOVATEK announces consolidated IFRS results for first quarter 2016
Posted On May 03 ,2016 - 05:47-PM | by admin

OAO NOVATEK released its consolidated interim condensed financial statements as of and for the three months ended 31 March 2016 prepared in accordance with International Financial Reporting Standards ...

2016 Getenergy Awards
Posted On May 03 ,2016 - 05:14-PM | by admin

Global energy services and software company, AGR, is down to the final few in the 2016 Getenergy Awards. Getenergy recognises excellence in education and training across the oil and gas sector ove...

Implico Highlights Opportunities of Digital Transformation
Posted On May 03 ,2016 - 05:50-PM | by admin

The second edition of UNITI expo to be held in Stuttgart from 14 to 16 June once again will cover all aspects of the service station business. One of the highlights this year at Europ...

Shell Completes Sale of Denmark Marketing Business to Couche-Tard
Posted On May 03 ,2016 - 05:27-PM | by admin

Shell has completed the sale of Dansk Fuels in Denmark to Couche-Tard for approximately $300 million including working capital. Dansk Fuels comprises Shell’s Retail, Commercial Fuels, Commercial Fle...

CME Group and Crypto Facilities Announce Launch of Bitcoin Reference Rate and Real-Time Index
Posted On May 03 ,2016 - 05:13-PM | by admin

CME Group announced it will collaborate with Crypto Facilities Ltd., a digital assets trading platform, to develop two new products planned to launch in the fourth quarter of 2016: CME CF Bitcoin Refe...

Statoil ASA to increase its ownership in Lundin Petroleum AB through swap agreement
Posted On May 03 ,2016 - 05:28-AM | by admin

Statoil ASA (OSE: STL, NYSE: STO) has entered into an agreement with Lundin Petroleum AB (Lundin Petroleum) to divest its entire 15 percent interest in the Edvard Grieg field for an increased sharehol...

Statoil in mourning
Posted On Apr 30 ,2016 - 04:39-PM | by admin

On Saturday, Statoil’s President and CEO, Eldar Sætre, and executive vice presidents Margareth Øvrum and Arne Sigve Nylund will visit the centre for next of kin in Bergen. "Today, Statoil is a ...

Statoil Announce 13 people feared dead in tragic helicopter accident
Posted On Apr 29 ,2016 - 04:10-PM | by admin

The police has confirmed that the 13 people on board the CHC helicopter on assignment for Statoil are now feared dead. The helicopter was en route from Gullfaks B to Bergen and crashed outside Turøy ...

ExxonMobil Earns $1.8 Billion in First Quarter of 2016
Posted On Apr 29 ,2016 - 04:31-PM | by admin

Exxon Mobil Corporation (NYSE:XOM) today announced estimated first quarter 2016 earnings of $1.8 billion, or $0.43 per diluted share, compared with $4.9 billion a year earlier. The impacts of sharply ...

Eni renews framework agreement for joint research projects with the Politecnico di Torino
Posted On Apr 29 ,2016 - 04:47-PM | by admin

Many of the measures of EU energy and environment policy are aimed at the progressive reduction of greenhouse gas emissions, as seen at the COP21 conference in Paris that resulted in the first ever un...

Chevron Reports First Quarter Loss of $725 Million
Posted On Apr 29 ,2016 - 04:42-PM | by admin

Chevron Corporation (NYSE: CVX) today reported a loss of $725 million ($0.39 per share – diluted) for first quarter 2016, compared with earnings of $2.6 billion ($1.37 per share – diluted) in the ...

Gazprom Release consolidated financial Report for Y/E December 31, 2015
Posted On Apr 29 ,2016 - 04:29-AM | by admin

PJSC Gazprom issued its audited consolidated financial statements prepared in accordance with International Financial Reporting Standards for the year ended December 31, 2015. Total sales (net of e...

Ophir provides Fortuna FLNG update
Posted On Apr 29 ,2016 - 04:34-AM | by admin

Ophir provides an update on the project workstreams leading to Final Investment Decision (“FID”) on the Fortuna FLNG Project: Since the 26 January 2016 announcement of a non-binding Heads of Term...

Eco Atlantic Receives Government Approval to Enter Next Exploration Phase on Namibian Licenses
Posted On Apr 29 ,2016 - 04:37-AM | by admin

Eco Atlantic Oil & Gas Ltd. (EOG.V) ("Eco Atlantic" or "the Company") announced that, as a result of meeting and exceeding its exploration work obligations, it has requested and received various appro...

Neste appoints Panu Kopra as Executive Vice President of Oil Retail
Posted On Apr 29 ,2016 - 04:51-AM | by admin

Panu Kopra (Bachelor of Business Administration BBA, MBA, 44) has been appointed as the new Executive Vice President of Neste's Oil Retail Business Area and a member of the Neste Executive Board as of...

Technip Announce Combined Annual General Meeting of April 28, 2016 Summary
Posted On Apr 29 ,2016 - 04:59-AM | by admin

Technip’s shareholders met for the Group’s 2016 Combined Annual General Meeting and approved the following decisions: - Technip’s statutory and consolidated financial statements for the full ...

GE Oil & Gas signs partnership agreement with Iraq Ministry of Oil
Posted On Apr 28 ,2016 - 04:13-PM | by admin

GE Oil & Gas (NYSE: GE) has signed a first-of-its-kind partnership agreement with the Iraqi Ministry of Oil that aims to strengthen the performance of the nation’s energy sector by providing advance...

Seplat Posts Annual Report and Notice of AGM
Posted On Apr 28 ,2016 - 04:36-PM | by admin

Seplat Petroleum Development Company plc confirms it has posted its Annual Report and Accounts for the year ended 31 December 2015 to shareholders together with the notice of the 2016 Annual General M...

World Bank Raises 2016 Oil Price Forecast to $41 per Barrel
Posted On Apr 28 ,2016 - 04:00-PM | by admin

Amid improving market sentiment and a weakening dollar, the World Bank is raising its 2016 forecast for crude oil prices to $41 per barrel from $37 per barrel in its latest Commodity Markets Outlook, ...

Sinopec 2016 First Quarter's Net Profit Increases Over 200% YoY
Posted On Apr 28 ,2016 - 04:46-PM | by admin

China Petroleum & Chemical Corporation ("Sinopec Corp." or the "Company")(HKEX: 386; SSE: 600028; NYSE: SNP) announced its unaudited results for the three months ended 31 March 2016 . Finan...

CNOOC Limited Announces Key Operational Statistics for Q1 2016
Posted On Apr 28 ,2016 - 04:30-AM | by admin

CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) announced its key operational statistics for the first quarter of 2016. The Company achieved total net production of 124.3 million ba...

Hess Announce Estimated Results for the 1st QTR 2016
Posted On Apr 28 ,2016 - 04:05-AM | by admin

Hess Corporation (NYSE: HES) reported a net loss of $509 million, or $1.72 per common share, in the first quarter of 2016 compared with a net loss of $389 million, or $1.37 per common share, in the fi...

CME Group Inc. Reports Strong First-Quarter 2016 Financial Results
Posted On Apr 28 ,2016 - 04:43-AM | by admin

CME Group Inc. (NASDAQ: CME) today reported record revenue of $934 million and record operating income of $574 million for the first quarter of 2016. Net income was $368 million and diluted earnings p...

Schlumberger enters agreement to Acquire Coiled Tubing Drilling Units from Xtreme
Posted On Apr 28 ,2016 - 04:49-AM | by admin

Schlumberger announced it has entered into an agreement to acquire the coiled tubing drilling and coiled tubing units from Xtreme Drilling and Coil Services Corp. (TSX:XDC), a Calgary-based provider o...

Wood Group wins $500 million EPCM contract in Azerbaijan
Posted On Apr 28 ,2016 - 04:25-AM | by admin

Wood Group has won a new five year contract with BP-operated projects, valued at $500 million, to deliver services to eight facilities, offshore Azerbaijan. Effective immediately, Wood Group PSN (WGPS...

Aker Solutions ASA Announce First-Quarter Results 2016
Posted On Apr 28 ,2016 - 04:56-AM | by admin

Aker Solutions made steady progress on major projects from Africa to Norway and Brazil in the first quarter of 2016. Overall margins strengthened as operational improvements countered the effects of a...

Tullow Oil Announce Trading Update ahead of AGM
Posted On Apr 28 ,2016 - 04:53-AM | by admin

Tullow Oil plc (Tullow) issues the following Trading Update, for the period 1 January to 28 April 2016. This statement is issued in advance of the Group’s Annual General Meeting which is being held ...

Neste Renewable Isoalkane to be used for Avantherm's renewable products for transferring heat and cold
Posted On Apr 28 ,2016 - 04:22-AM | by admin

Avantherm, a Swedish company specializing in Heat Transfer Media products, has started using Neste Renewable Isoalkane to produce the next generation, high-performance and more environmentally friendl...

Chevron Announces Quarterly Dividend
Posted On Apr 27 ,2016 - 04:16-PM | by admin

The Board of Directors of Chevron Corporation (NYSE: CVX) today declared a quarterly dividend of one dollar and seven cents ($1.07) per share, payable June 10, 2016, to all holders of common stock as ...

Exxon Mobil Corporation Declares Second Quarter Dividend
Posted On Apr 27 ,2016 - 04:29-PM | by admin

The Board of Directors of Exxon Mobil Corporation (NYSE:XOM) today declared a cash dividend of 75 cents per share on the Common Stock, payable on June 10, 2016 to shareholders of record of Common Stoc...

MudLabs™ Announce Next Generation Digital Drilling Fluid Performance Management
Posted On Apr 27 ,2016 - 04:24-PM | by admin

Measuring particle size effectively in real time can almost double your drilling ROP while cutting total drilling costs by 40% or more as seen on over 500 unique drilling operations” MudLabs™, ...

Technip awarded a contract extension for its Logistic Base in Vitória, Brazil
Posted On Apr 27 ,2016 - 04:14-AM | by admin

Technip has signed a four years extension of its five-year initial contract signed in January 2011 with Petrobras S.A. for its Flexible Pipes Logistic Base (BAVIT), located in Vitória, Brazil. The...

Aker Solutions and ABB Join Forces to Propel and Power Subsea Production
Posted On Apr 27 ,2016 - 04:52-AM | by admin

Aker Solutions and ABB agreed to build on their combined strengths in subsea, power and automation technologies to develop solutions that will improve oil and gas production for the global energy indu...

Statoil Announce 1Q 2016 Results
Posted On Apr 27 ,2016 - 04:15-AM | by admin

Statoil (OSE:STL NYSE:STO) reports adjusted earnings of USD 857 million in the first quarter of 2016. - Strong operational performance - financial results affected by low price environment - Conti...

Neste's Interim Report for January-March 2016
Posted On Apr 27 ,2016 - 04:03-AM | by admin

Good start for the year - renewables continued strong performance and refining market followed normal seasonality

    First quarter in brief:
  1. Comparable opera...

Saudi Arabia Releases Ambitious Plan To Diversify Economy
Posted On Apr 27 ,2016 - 04:06-AM | by admin

On Monday, Saudi Arabia released a blueprint for the future, a plan for the Kingdom that could alter the course of its history. The "Vision for the Kingdom of Saudi Arabia" could radically transform S...

PHRC, WRPC Produce 7 Million Litres of Petrol Per Day
Posted On Apr 26 ,2016 - 04:56-AM | by admin

In his avowed commitment to clear the fuel queues, the Minister of State for Petroleum Resources and Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Ibe Kachikwu says the P...

BP Announce First quarter 2016 results
Posted On Apr 26 ,2016 - 04:54-AM | by admin

BP today reported its results for the first quarter of 2016. Underlying replacement cost profit¹ for the quarter was $532 million, compared with $196 million for the previous quarter and $2.6 billion...

Neste Jacobs investigates the potential of LNG with Port of Turku
Posted On Apr 26 ,2016 - 04:28-AM | by admin

Technology, engineering and project management Company Neste Jacobs and Port of Turku have signed a contract for Neste Jacobs to investigate the potential and possibilities of LNG in Turku region toge...

ExxonMobil Renews Longstanding Commitment to Fight Malaria
Posted On Apr 25 ,2016 - 04:40-PM | by admin

ExxonMobil marked World Malaria Day by announcing grants to local and international organizations fighting malaria. These investments extend ExxonMobil’s commitment of more than 15 years to reduce t...

Statoil enters German offshore wind market through EUR 1.2 billion project with E.ON
Posted On Apr 25 ,2016 - 04:36-AM | by admin

Statoil today enters the German offshore wind market, through a 50% acquisition of the Arkona offshore wind farm. Statoil and E.ON also announce the final investment decision on the 385 megawatt proje...

SacOil Awarded Crude Allocation by the NNPC
Posted On Apr 25 ,2016 - 04:55-AM | by admin

SacOil and Energy Equity Resources (“EER”) (the “Partners”) signed a memorandum of understanding (“MOU”) to explore oil and gas opportunities in the Republic of Nigeria. Pursuant to the...

SacOil mulls African Renaissance Gas Pipeline JV agreement, yet to sign
Posted On Apr 25 ,2016 - 04:48-AM | by admin

Further to the announcement on 1 March, 2016, SacOil announces that a Joint Venture Agreement for the development of the African Renaissance Pipeline Project (“Project”) was signed in Maputo, Moza...

ExxonMobil Starts Production at Point Thomson
Posted On Apr 23 ,2016 - 04:11-PM | by admin

ExxonMobil said it has started production at its Point Thomson project, the first company-operated project on Alaska’s North Slope. Central pad facilities are designed to initially produce about ...

ExxonMobil and Employees Contribute more than $45 Million to U.S. Colleges and Universities
Posted On Apr 23 ,2016 - 04:44-PM | by admin

ExxonMobil and its employees contributed a total of $45.4 million to institutions of higher education across the United States as part of the ExxonMobil Foundation’s 2015 Educational Matching Gift P...

Total Joins the Terrawatt Initiative to Achieve Solar Scale-Up Worldwide
Posted On Apr 22 ,2016 - 04:38-AM | by admin

Total has joined the Terrawatt Initiative, as a founding member. This global non-profit organization represents key private sector solar energy stakeholders in their dialogue with governments and inte...

Over 16 million views per day - Neste's viral hit launches "Pre-order the Future" project
Posted On Apr 22 ,2016 - 04:00-AM | by admin

Neste launched its new "Pre-order the Future" project with a viral video that gained millions of viewers. The video, entitled EVERYBODY DIES, BUT NOT EVERYBODY LIVES, with YouTube megastar Prince Ea, ...

IBM Cloud to Help Halliburton Evaluate Development Decisions for Oil and Gas Fields
Posted On Apr 22 ,2016 - 04:32-AM | by admin

IBM (NYSE: IBM) announced that Halliburton has adopted IBM Cloud to run its sophisticated reservoir simulation software to help it better understand how complex oil and gas fields might behave under d...

Tlou Energy expands gas production testing at its Lesedi CBM Project
Posted On Apr 22 ,2016 - 04:02-AM | by admin

Testing procedures have been expanded to include the Selemo 2 and Selemo 4 wells in addition to Selemo 1 which commenced flow testing in Q1 2016  Pressure drops at the wells have been increased ...

Schlumberger Announces First-Quarter 2016 Results
Posted On Apr 22 ,2016 - 04:32-AM | by admin

Revenue of $6.5 billion decreased 16% sequentially EPS of $0.40 declined 38% sequentially, excluding charges and credits Repurchased 7.1 million shares for $475 million during the quarter Quarterly...

DeepOcean Awarded EPRD Contract on Varg Field by Repsol
Posted On Apr 22 ,2016 - 04:27-AM | by admin

DeepOcean AS, a subsidiary of DeepOcean Group Holding BV (DeepOcean), announced that the company has been awarded a contract for provision of Engineering, Procurement, Removal and Disposal (EPRD) of V...

DeepOcean Ghana Ltd Awarded 3 year LCV Contract
Posted On Apr 22 ,2016 - 04:20-AM | by admin

DeepOcean Ghana Ltd. announced that it has been awarded a 3 year contract with options for two additional years, to provide a Light Construction Vessel (LCV) to Tullow Ghana Limited. In this regard...

Bowleven granted Bomono licence extension, onshore Cameroon
Posted On Apr 22 ,2016 - 04:56-AM | by admin

Bowleven, the Africa focused oil and gas exploration group traded on AIM announces that it has been awarded a one year extension to the existing Bomono exploration licence, onshore Cameroon, pending t...

Hess Ranked Top Oil and Gas Company on 2016 Best Corporate Citizens List
Posted On Apr 22 ,2016 - 04:09-AM | by admin

Hess Corporation (NYSE:HES) has earned a place as the No. 1 oil and gas company on Corporate Responsibility magazine’s prestigious list of 100 Best Corporate Citizens for 2016. The list recognizes p...

Technip to provide proprietary equipment for S-Oil’s refinery in South Korea
Posted On Apr 22 ,2016 - 04:38-AM | by admin

Technip was awarded a contract by Daelim Industrial Company(1) to provide proprietary equipment for the world’s first commercial High Severity Fluid Catalytic Cracking (HS-FCC™) unit. The HS-FCC c...

Pemex meet with investors and executives of financial institutions
Posted On Apr 21 ,2016 - 04:01-PM | by admin

The Minister of Finance and Public Credit, Luis Videgaray, and the CEO of Pemex, José Antonio González Anaya, met in New York with investors, analysts, and executives of financial institutions to em...

Leaders Set Landmark Global Goals for Pricing Carbon Pollution
Posted On Apr 21 ,2016 - 04:26-PM | by admin

Call for faster action on carbon pricing to deliver on Paris climate change agreement Six heads of state and government, two city and state leaders, and the heads of the World Bank Group, the Inte...

Wood Group secures $150 million, 5 year contract extension with Nexen in the North Sea
Posted On Apr 21 ,2016 - 04:15-AM | by admin

Wood Group has been awarded a five year contract by Nexen, valued at $150 million. Extending a contract in place since April 2010, Wood Group PSN (WGPSN) will continue to deliver operations, mainte...

Saipem awarded €430m of E&C contracts
Posted On Apr 21 ,2016 - 04:28-AM | by admin

Saipem has been awarded new E&C contracts cumulatively valued at approximately €430 million.

    This includes, among the various initiatives:
- a contract with Sta...

Fox Petroleum Signs MoU with Govt of Karnataka for FSRU LNG TERMINAL
Posted On Apr 21 ,2016 - 04:26-AM | by admin

Fox Petroleum Group of Companies with interest in Oil and Gas sector, Power Generation and Distribution is one of the leading Company in its chosen field; With its core purpose of its existence to "Ma...

OGA issues new tenders for new seismic surveys and other subsurface work
Posted On Apr 21 ,2016 - 04:27-AM | by admin

The Oil and Gas Authority (OGA) has released the Invitation To Tender (ITT) for the 2016-2017 UK Government funded seismic acquisition and processing programme. The successful recipient(s) of the ...

Greka Drilling announces mobilisation of rigs in India
Posted On Apr 21 ,2016 - 04:42-AM | by admin

Greka Drilling Limited (AIM: GDL), the largest independent and specialised unconventional oil & gas driller in Asia, provided an update on the contract to provide drilling services to Essar Oil Limite...

Lithium War Heats Up After Epic Launch Of Tesla Model 3
Posted On Apr 20 ,2016 - 04:53-PM | by admin

The unveiling of Tesla’s Model 3 electric car was no less than the lifting of the final curtain on a game-changing energy revolution. And if we follow that revolution to its core, we arrive at lithi...

Eland Announce Ubima Reserves & Resources Update
Posted On Apr 20 ,2016 - 04:32-AM | by admin

Eland Oil & Gas, an oil & gas production and development company operating in West Africa with an initial focus on Nigeria, has announced the results of a Reserves and Resources evaluation on the Ubim...

Total Presents Proposed New Organization to Achieve its Ambition to Become The Responsible Energy Major
Posted On Apr 20 ,2016 - 04:15-AM | by admin

Total spent 2015 meeting the short-term goals set in response to the ongoing imbalances resulting from the fall in oil prices that began in June 2014. Yet even as it addresses these immediate chall...

Neste launches pioneering project with Prince Ea
Posted On Apr 20 ,2016 - 04:20-AM | by admin

Neste, the world's leading producer of renewable diesel, and spoken word artist, Prince Ea, have launched a one-of-a-kind project that enables people to participate in the development of future renewa...

Aker Solutions Wins Engineering Framework Agreement From Lundin Norway
Posted On Apr 20 ,2016 - 04:29-AM | by admin

Aker Solutions secured a framework agreement from Lundin Norway to provide engineering services for offshore developments in Norway. The agreement covers early-phase studies, pre-engineering (FEED)...

Songa Offshore SE Announce Completion of financial restructuring
Posted On Apr 20 ,2016 - 04:56-AM | by admin

Songa Offshore SE ("Songa Offshore" or the "Company") reports today that the conditions for the refinancing announced on 15 March 2016 (the "Refinancing"), have now been fulfilled and that the various...

Offshore Oil and Gas Training hubs launched by University of Western Australia
Posted On Apr 19 ,2016 - 04:00-PM | by admin

Two new $20 million hubs to be used for international research and training in offshore oil and gas have been officially launched at The University of Western Australia. The hubs are part of the Au...

Oceanteam Solutions awarded a contract to Supply & Engineer 4000T AND 1100T Turntables
Posted On Apr 19 ,2016 - 04:47-PM | by admin

Oceanteam Solutions has been awarded a contract to supply 4000T and 1100T turntables and auxiliary equipment for the storage, splicing and multiple loadouts of cables to a client at Oceanteam's own ba...

International Organizations Take Major Step to Boost Global Cooperation in Tax Matters
Posted On Apr 19 ,2016 - 04:40-PM | by admin

The International Monetary Fund (IMF), the Organisation for Economic Co-operation and Development (OECD), the United Nations (UN) and the World Bank Group (WBG) announced today the details of their jo...

ExxonMobil Starts Production at Julia Oil Field in the Gulf of Mexico
Posted On Apr 19 ,2016 - 04:23-PM | by admin

Oil production has started under budget and ahead of schedule at the Julia oil field in the Gulf of Mexico, Exxon Mobil Corporation (NYSE:XOM) said today. The first production well is now online and a...

Clarke Energy to Supply GE’s Gas Engine Technology to Combined Heat and Power Plant in Tanzania
Posted On Apr 19 ,2016 - 04:48-PM | by admin

GE’s Distributed Power business (NYSE: GE) announced that Clarke Energy, GE’s authorized distributor of Jenbacher gas engines, is supplying one of GE’s high-efficiency Jenbacher gas engines to S...

GE Oil & Gas and SapuraKencana Well Services join forces
Posted On Apr 19 ,2016 - 04:27-PM | by admin

GE Oil & Gas and SapuraKencana Well Services signed a Memorandum of Understanding (MoU) announcing an Asia-Pacific wide agreement to deliver cost effective light well intervention services, unlocking ...

Maersk Oil awards four year contract for Culzean Development
Posted On Apr 19 ,2016 - 04:13-PM | by admin

Maersk Oil has awarded leading information management specialist – Datum360 – with a four year contract to implement Software as a Service (SaaS) solutions for the Culzean development in the UK No...

Statoil launches new subsea concept
Posted On Apr 19 ,2016 - 04:56-AM | by admin

At the Barents Sea Conference in Hammerfest today, Statoil presented a new subsea concept that is designed to reduce cost and increase efficiency. The concept is called Cap-X. Statoil has set tough...

Paradigm Adds Support for SKUA-GOCAD to its App Exchange Program Application
Posted On Apr 18 ,2016 - 04:16-PM | by admin

Paradigm has expanded its Paradigm App Exchange program, with the addition of SKUA-GOCADT Apps (Macros), to help users solve specific geologic modeling problems and facilitate geologic modeling workfl...

Positive production test of Gavea appraisal well in Brazil
Posted On Apr 18 ,2016 - 04:00-PM | by admin

Statoil together with operator Repsol Sinopec and partner Petrobras has completed the Gavea A1 well in the ultra-deep pre-salt block BM-C-33 in the Campos basin in Brazil. The well encountered a hy...

Top Oil News Brief/Roundup to 18th April 2016.....
Posted On Apr 18 ,2016 - 04:58-PM | by admin

The price of OPEC basket of thirteen crudes stood at $38.05 a barrel on Friday, compared with $38.58 the previous day, according to OPEC Secretariat calculations. Iran wants OPEC members to keep talk...

Statoil Announce Collaboration on swimming robots for subsea maintenance
Posted On Apr 18 ,2016 - 04:10-AM | by admin

NTNU spin-off company Eelume collaborates with Kongsberg Maritime and Statoil to develop swimming robots for subsea inspection and light intervention. Kongsberg Maritime and Statoil have signed a...

Neste Renewable Jet Fuel to power KLM flights between Oslo and Amsterdam
Posted On Apr 18 ,2016 - 04:19-AM | by admin

Earlier this year, Oslo Airport Gardermoen became the world's first airport to offer renewable jet fuel refined by Neste in its hydrant system. KLM Royal Dutch Airlines announced that it will launch a...

Shell publishes 2015 Sustainability Report and payments to governments data
Posted On Apr 18 ,2016 - 04:43-AM | by admin

Royal Dutch Shell has published its Sustainability Report for 2015, which describes how it is working responsibly to help meet the world’s growing demand for energy. The Sustainability Report det...

Marathon Oil to Divest $950 Million of Non-Core Assets
Posted On Apr 18 ,2016 - 04:01-AM | by admin

Marathon Oil Corporation (MRO) announced recently it has signed agreements for the sale of certain non-core assets for $950 million, bringing the total to approximately $1.3 billion since last year. ...

Saipem signs MoU for Toos Gas Field project in Iran
Posted On Apr 16 ,2016 - 04:36-PM | by admin

During the official State visit to Iran of the Italian Prime Minister, Matteo Renzi, Saipem Chief Executive Stefano Cao and Ali Yadghar, Managing Director of Razavi Oil & Gas Development Company, ente...

Seven Energy full year results 2015
Posted On Apr 15 ,2016 - 04:09-AM | by admin

Seven Energy Finance Limited, together with its parent company Seven Energy International Limited (“Seven Energy” or the “Group”), the leading integrated gas company in south east Nigeria, wit...

Aker Solutions Signs Subsea Services Contract With Petrobras
Posted On Apr 15 ,2016 - 04:35-AM | by admin

Aker Solutions secured an agreement to provide maintenance and other services for subsea facilities at Petrobras-operated oil and gas fields offshore Brazil. The contract is for a fixed term of thr...

Top Oil News Brief/Roundup to 14th April
Posted On Apr 14 ,2016 - 04:45-PM | by admin

The price of OPEC basket of thirteen crudes stood at $38.91 a barrel on Wednesday, compared with $38.62 the previous day, according to OPEC Secretariat calculations.

    In Other News<...

Premier Oil announces first oil from the Solan field
Posted On Apr 14 ,2016 - 04:47-AM | by admin

Premier announced that first oil from the Solan field was safely achieved on 12th April 2016. The first producer well (P1) is being naturally flowed at a deliberately restricted initial rate. It is...

FAR Provides Senegal update: SNE oil field contingent resources upgraded
Posted On Apr 14 ,2016 - 04:44-AM | by admin

FAR Ltd (ASX: FAR) commissioned RISC Operations Pty Ltd (“RISC”) to update an Independent Resources Report for FAR’s SNE oil field offshore Senegal following the drilling of two successful appra...

Eland Oil & Gas Give update on Opuama-3 workover in OML 40
Posted On Apr 14 ,2016 - 04:23-AM | by admin

IM-listed Eland Oil & Gas, an oil & gas production and development company operating in West Africa with an initial focus on Nigeria, has announced an operational update on the Opuama-3 well re-entry....

Tesla And Other Tech Giants Scramble For Lithium As Prices Double
Posted On Apr 14 ,2016 - 04:48-AM | by admin

Demand for lithium—the hottest commodity on the planet and the only commodity to show positive price movement in 2015—is poised to continue on its upward trajectory, becoming the world's new gasol...

Victoria Oil & Gas Secure US$26m Debt Facility
Posted On Apr 13 ,2016 - 04:05-PM | by admin

Victoria Oil & Gas Plc, the integrated natural gas producing utility, announced that its wholly-owned subsidiary Gaz du Cameroun S.A. ("GDC") has agreed a US$26m debt facility to support its productio...

Lekoil announces successful well test at the Otakikpo Marginal Field
Posted On Apr 13 ,2016 - 04:54-PM | by admin

AIM-listed Lekoil, the oil and gas exploration and development company with a focus on Africa, has announced an update on operations from the Otakikpo Marginal Field. The Otakikpo-002 well flowed o...

Range identifies Multiple hydrocarbon zones identified on the MD 250 well
Posted On Apr 13 ,2016 - 04:56-PM | by admin

Range Resources announced that initial log evaluations on the MD 250 development well in Trinidad are highly encouraging with multiple hydrocarbon bearing zones identified, which will now be tested to...

Statoil awards contracts for removal, disposal and recycling of the Huldra platform
Posted On Apr 13 ,2016 - 04:26-PM | by admin

Hereema Marine Contractors Nederland SE will remove the platform and transport it to shore, while AF Offshore Decom AS has been awarded the contract for disposal and recycling of the platform.

14th Africa Independents Forum in London, May 25th & 26th
Posted On Apr 13 ,2016 - 04:39-AM | by admin

Corporate oil and gas players in Africa The 14th Africa Independents Forum 2016, held 25-26th May in London at the Waldorf Hilton, being hosted by the Global Pacific & Partners / ITE Group Plc JV, ga...

Total and Korea Gas Corporation extend cooperation along the entire LNG value chain
Posted On Apr 13 ,2016 - 04:46-AM | by admin

Total has signed a memorandum of understanding (MoU) with Korea Gas Corporation (KOGAS) during the LNG 18 conference in Perth, Australia, to reinforce mutual cooperation to explore opportunities throu...

Russian Clients Inspect Dervos Valves in China
Posted On Apr 13 ,2016 - 04:00-AM | by admin

On March 22nd 2016, Dervos Valve clients Mr. Gernady and Mr. Yuri from Russia Federation, accompanied by their Chinese colleague Mr. Wangshi, came to our valve factory to inspect the valves which they...

Paradigm Introduces New Compression Roaming Capability
Posted On Apr 12 ,2016 - 04:17-PM | by admin

ParadigmR announces a new seismic data compression roaming capability for seismic data that enables end users to rapidly manipulate large seismic volumes while maintaining seismic precision and reduci...

Talisman Sinopec ships new bridge linked platform for Montrose field
Posted On Apr 12 ,2016 - 04:57-PM | by admin

The Montrose Bridge Linked Platform (BLP) topsides has sailed out from the Heerema Fabrication Group's Zwijndrecht yard 12 miles south of Rotterdam. The topsides will make a short stop off at Schi...

Noble Energy Provides Gulf of Mexico Drilling Update
Posted On Apr 12 ,2016 - 04:50-PM | by admin

Noble Energy, Inc. (NYSE: NBL) today announced that drilling operations at the Silvergate exploration well, drilled on Mississippi Canyon Block 339, have been completed. The well did not encounter co...

$85 Crude Oil By Christmas – An Interview With Mike Rothman
Posted On Apr 12 ,2016 - 04:08-PM | by admin

After a 50 percent rally in oil prices between February and March, crude has retreated a bit as of late. The upcoming OPEC-Russia meeting in Doha looms over the markets, but few expect the outcome to ...

Total Announce Results of the option to receive the third quarter 2015 interim dividend in shares
Posted On Apr 12 ,2016 - 04:36-PM | by admin

he Board of Directors of Total met on March 15, 2016, and declared a third quarter 2015 interim dividend of €0.61 per share and offered, under the conditions set by the fourth resolution at the Ordi...

Cairn Announce Positive well results offshore Senegal
Posted On Apr 12 ,2016 - 04:12-PM | by admin

Cairn Energy announced further exploration and appraisal success in its latest well in the ongoing evaluation programme offshore Senegal. The BEL-1 well was targeting the Bellatrix exploration prospec...

Tap Oil Provides Funding and Exploration drilling update
Posted On Apr 12 ,2016 - 04:33-PM | by admin

Tap Oil Limited (ASX:TAP) provides the following Funding and Exploration drilling update. Funding Update As announced on 31 March 2016, Tap has now executed an Amended Facility Agreement with BNP Pa...

OER transfers operatorship of two Sao Tome and Principe blocks to Kosmos
Posted On Apr 12 ,2016 - 04:21-PM | by admin

Oando Energy Resources Inc. (“OER” or the “Company”) (TSX: OER), a company focused on oil and gas exploration and production in Nigeria and the Gulf of Guinea, announced the following transact...

CO2 recovery plant started commercial operation at Neste's refinery in Singapore
Posted On Apr 12 ,2016 - 04:04-PM | by admin

A carbon dioxide (CO2) recovery and liquefaction plant built at Neste's renewable products refinery in Singapore has started commercial operation. Since the completion of its construction at the end o...

Seplat Give Notice of 2015 final dividend currency exchange rates
Posted On Apr 12 ,2016 - 04:27-PM | by admin

On 24 March 2016, Seplat announced its intention to pay a 2015 final dividend of 4 US cents per share. The default currency for the dividend will depend on whether the shareholder has a Nigerian Certi...

Songa Offshore SE Announce USD 125 million convertible bond offering completed
Posted On Apr 08 ,2016 - 04:36-AM | by admin

Songa Offshore SE ("Songa Offshore" or the "Company") announces today that it has successfully completed a USD 125 million convertible bond offering (the "New Convertible Bond"), which is the maximum ...

Tullow Announce Jubilee Field operational update
Posted On Apr 08 ,2016 - 04:30-AM | by admin

Further to its release of 18 February, Tullow Oil plc ("Tullow") issues the following operational update on the Jubilee Field, Ghana. Technical investigation of the condition of the turret bearing ...

IMF Staff Concludes Visit to Jordan
Posted On Apr 08 ,2016 - 04:55-AM | by admin

End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do...

Wood Group acquires Ingenious Inc.
Posted On Apr 08 ,2016 - 04:37-AM | by admin

Wood Group has acquired Ingenious Inc., a supplier of proprietary software and consulting services to the global chemical, oil & gas, and energy industries, from its executive leadership team. The ...

CEMAC Officials Take Stock of Public Financial Management Reforms
Posted On Apr 07 ,2016 - 04:43-AM | by admin

The International Monetary Fund (IMF) and the Central African Economic and Monetary Community (CEMAC) held a regional seminar in Yaoundé on April 4–6, 2016. The event took stock of public financial...

Thames Oilport completes first phase of development
Posted On Apr 07 ,2016 - 04:55-AM | by admin

Thames Oilport celebrates the receipt of the first in a series of diesel shipments to be stored on site. The arrival of these shipments is a major milestone that brings fuel into the terminal for the ...

Angola is committed to economic diversification with the support of the IMF
Posted On Apr 06 ,2016 - 04:44-PM | by admin

The Government of Angola is aware that the high reliance on the oil sector represents a vulnerability to the public finances and the economy more broadly. The sustained efforts over many years to prom...

Successful Wisting exploratory appraisal well in Norway
Posted On Apr 06 ,2016 - 04:39-PM | by admin

Tullow Oil plc (Tullow) announces that the Wisting Central II long reach horizontal well (7324/7-3S) has successfully explored and appraised the Wisting South & Wisting West segments of the field incl...

DEA becomes operator in Denmark for the first time
Posted On Apr 06 ,2016 - 04:09-PM | by admin

The Danish Energy Agency has awarded DEA Deutsche Erdoel AG two licences in Denmark. The concession area of about 530 square kilometres is located in the southern Central Graben in the western part of...

Eni to ask the Court of Review to reassess the seizure order relating to The Oil Centre of Viggiano
Posted On Apr 05 ,2016 - 04:52-PM | by admin

Eni, beyond the independent checks carried out by national and international experts, has decided to request at the Court of Review a reassessment of the seizure order. This is in Eni’s primary inte...

Paradigm Partners with Dassault Systèmes to Help Oil & Gas Companies Predict Reservoir
Posted On Apr 05 ,2016 - 04:31-PM | by admin

Paradigm announced the availability of Reservoir Driven Production Risk Management (RD PRM), a combined software and services offering that integrates advanced rock, fluid and stress characterization ...

Randolph S. Richards Named Chevron Treasurer
Posted On Apr 05 ,2016 - 04:20-PM | by admin

Chevron Corporation (NYSE: CVX) announced that Randolph S. Richards has been named corporate vice president and treasurer, effective May 1, 2016. Richards replaces Paul V. Bennett, who is retiring fro...

Ari Palmroos appointed HSE Director at Neste
Posted On Apr 05 ,2016 - 04:03-PM | by admin

Ari Palmroos (born 1962, M.Sc.Eng, MBA) has been appointed the HSE Director at Neste. The main tasks of the HSE organization is to develop Neste's safety culture as well as to promote safe behavior an...

New licence awarded in Ghana
Posted On Apr 05 ,2016 - 04:50-AM | by admin

A consortium comprising GNPC, Explorco, Vitol, Eni and Woodfields, has been awarded a new exploration licence, Cape Three Points Block 4, located in the Tano Basin, offshore Ghana. GNPC, Vitol and Eni...

Liberty Oilfield to Acquire the US Assets of Sanjel Corporation
Posted On Apr 05 ,2016 - 04:36-AM | by admin

Liberty Oilfield Services (“Liberty”), a privately-held pressure pumping services company, has agreed to acquire the U.S. assets of Sanjel Corporation ("Sanjel") which encompass fracture stimulati...

OneSubsea Announces Successful Commission and Startup of Subsea Boosting Systems in the GoM
Posted On Apr 05 ,2016 - 04:34-AM | by admin

OneSubsea, a Schlumberger company, announced the successful commission and startup of subsea boosting systems installed in ultradeep waters, located in the Gulf of Mexico. "We strive to deliver the...

Erin Energy Announces Agreement With Zenith Bank on Terms of Loan Facility
Posted On Apr 05 ,2016 - 04:26-AM | by admin

Erin Energy Corporation (Erin Energy or the Company) (NYSE MKT: ERN) announced it has obtained a waiver to the funding requirements of the Debt Service Reserve Account associated with the Zenith Bank ...

Aker Solutions' MMO Unit to Work With Kværner on Njord A Upgrade
Posted On Apr 04 ,2016 - 04:51-PM | by admin

Aker Solutions' maintenance, modifications and operations (MMO) business in Norway will as a subcontractor of Kværner provide engineering services for upgrading the semi-submersible platform at the S...

Aker Solutions Wins MMO Contract From Statoil for Tie-In of Utgard to Sleipner
Posted On Apr 04 ,2016 - 04:25-PM | by admin

Aker Solutions' maintenance, modifications and operations (MMO) business in Norway secured a contract from Statoil for preliminary engineering work to enable a tie-in of the Utgard gas and condensate ...

AGR’s TRACS Training Director appointed to Heriot-Watt Advisory Board
Posted On Apr 04 ,2016 - 04:34-PM | by admin

Aberdeen based Mark Bentley, AGR’s TRACS Training Director, has been appointed as a member of the Advisory Board to the Foundation CMG Chair programme at the Institute of Petroleum Engineering at He...

Drilling services for fixed installations awarded on the Norwegian continental shelf
Posted On Mar 31 ,2016 - 03:38-AM | by admin

Statoil has, on behalf of relevant licensees, exercised options for previously awarded drilling service contracts for fixed installations. Options have been exercised for 17 installations on the Norwe...

DONG Energy terminates EPC contract on Hejre platform
Posted On Mar 31 ,2016 - 03:32-AM | by admin

In the annual report for 2015 released on 4 February 2016, DONG Energy announced that the Hejre project continues to be in a challenging situation and that first oil in 2017 is no longer the likely sc...

Rawson Resources Awarded Papua New Guinea Petroleum Prospecting Licence 549
Posted On Mar 31 ,2016 - 03:32-AM | by admin

Rawson Resources Limited (ASX:RAW) announced the successful award of Papua New Guinea Petroleum Prospecting Licence (PPL) 549, subject to the Company’s acceptance and the normal regulatory requirem...

Songa Offshore Announce Delivery of Songa Enabler
Posted On Mar 31 ,2016 - 03:10-AM | by admin

Songa Offshore has today taken delivery of Songa Enabler from Daewoo Shipbuilding & Marine Engineering (DSME) in Korea. Songa Enabler will shortly depart South Korea en route to Norway for commenceme...

Gazprom and Fluxys sign Framework Agreement on small-scale LNG cooperation
Posted On Mar 30 ,2016 - 03:35-PM | by admin

Deputy Chairman of the Gazprom Management Committee,Alexander Medvedev and Pascal De Buck, Fluxys Managing Director and Chief Executive Officer, signed in Paris a Framework Agreement on small-scale L...

Oando Energy Resources Announces Year End 2015 Results
Posted On Mar 30 ,2016 - 03:41-PM | by admin

Oando Energy Resources Inc. ("OER" or the "Corporation") (OER.TO), a company focused on oil and gas exploration and production in Nigeria, announced financial and operating results for the three and t...

Decisions taken by Neste's Annual General Meeting
Posted On Mar 30 ,2016 - 03:52-PM | by admin

Neste Corporation's Annual General Meeting (AGM) was held today at the Helsinki Fair Centre and adopted the company's Financial Statements and Consolidated Financial Statements for 2015 and discharged...

Neste to donate EUR 1.5 million to universities and higher education institutions
Posted On Mar 30 ,2016 - 03:16-PM | by admin

Today on March 30, the Annual General Meeting of Neste authorized the Board of Directors to decide on donations of at most EUR 1.5 million to be given to universities and higher education institutions...

Israel Supreme Court Rules Stability Provisions to be Addressed Through Alternate Means
Posted On Mar 30 ,2016 - 03:04-PM | by admin

Noble Energy, Inc. ("Noble Energy") (NYSE: NBL) was notified that the Supreme Court of the State of Israel ("the Court") affirmed the Government of Israel's Natural Gas Regulatory Framework, with the ...

Mærsk Deliverer contract cancelled by Chevron
Posted On Mar 30 ,2016 - 03:45-AM | by admin

Maersk Drilling has received a notice of early contract termination from Cabinda Gulf Oil Company Limited (CABGOC), Chevron Corporation’s affiliate in Angola, for the ultra-deepwater semi-submersibl...

Eni enters into the upstream of Morocco
Posted On Mar 30 ,2016 - 03:03-AM | by admin

Eni signed today a Farm-Out Agreement (FOA) with Chariot Oil & Gas to enter into Rabat Deep Offshore exploration permits I-VI, located in the Northern Atlantic Margin of Morocco. The completion of thi...

ONGC to invest $5.07bn to develop deepwater oilfields
Posted On Mar 29 ,2016 - 03:26-PM | by admin

The Board of Directors of India's state-owned Oil and Natural Gas (ONGC) have approved the Field Development Plan (FDP) for the development of fields falling under Cluster 2 of the Deep-water NELP Blo...

Eni awarded a new exploration licence offshore Ghana
Posted On Mar 29 ,2016 - 03:42-PM | by admin

Eni has been awarded a new exploration licence, the Cape Three Points Block 4, located in the prolific Tano basin, offshore Ghana. This acquisition will further strengthen the company’s position in ...

Total's Supercomputer now Industry’s Most Powerful Worldwide
Posted On Mar 29 ,2016 - 03:29-AM | by admin

Total's supercomputer Pangea recently boosted its computing power from 2.3 to 6.7 petaflops1, the equivalent of more than 80,000 laptops combined. Its storage capacity has also been increased, to 26 p...

U.S. Lifted The Crude Oil Export Ban, And Exports Went…Down
Posted On Mar 29 ,2016 - 03:14-AM | by admin

Just over three months after the authorities lifted the four-decade ban on crude oil exports, the U.S. has actually exported less this year than it did over the same period the year before, when the b...

The name of the Neste Oil station network will change to Neste
Posted On Mar 29 ,2016 - 03:52-AM | by admin

The official name of Neste Oil was changed to Neste Corporation in June 2015. The word "oil" no longer illustrated the company, in which products based on renewable raw materials have become an increa...

SDX Energy Announce Operations Update on Bakassi West, Cameroon
Posted On Mar 29 ,2016 - 03:31-AM | by admin

SDX Energy Inc. (“SDX” or the “Company”) (TSX VENTURE: SDX), an oil & gas exploration and production company with assets in Egypt & Cameroon, hereby announces that drilling operations have bee...

Aker Solutions to Provide Global Subsea Engineering Services to BP
Posted On Mar 29 ,2016 - 03:08-AM | by admin

Aker Solutions secured a global framework agreement to deliver engineering and project management services at BP-operated subsea oil and gas fields. The contract has a fixed period of five years and ...

The Current Oil Price Rally Is Reaching Its Limits
Posted On Mar 29 ,2016 - 03:05-AM | by admin

Oil prices have climbed by about 50 percent from their February lows, topping $40 per barrel. But the rally could be reaching its limits, at least temporarily, as persistent oversupply and the prospec...

Seplat Announce Full Year Results For YE 31st December 2015
Posted On Mar 29 ,2016 - 03:39-AM | by admin

Seplat Petroleum Development Company Plc ("Seplat" or the "Company"), a leading Nigerian indigenous oil and gas company, listed on both the Nigerian Stock Exchange and London Stock Exchange, announced...

Christine Lagarde Proposes Reappointment of Mr. David Lipton as First Deputy Managing Director
Posted On Mar 29 ,2016 - 03:08-AM | by admin

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), announced today her proposal to reappoint Mr. David Lipton as First Deputy Managing Director to a five year term begi...

IMF Publishes Work on the State of the Global Financial Safety Net
Posted On Mar 29 ,2016 - 03:04-AM | by admin

The International Monetary Fund (IMF) today published the paper “The Adequacy of the Global Financial Safety Net,” which the IMF’s Executive Board discussed during an informal session as part of...

Woodside halts Browse FLNG development in Australia
Posted On Mar 23 ,2016 - 03:14-PM | by admin

Woodside, as a participant in the Browse Joint Venture, advises that following completion of front-end engineering and design (FEED) work, the Browse Joint Venture participants have decided no...

Wood Group awarded industrial services contract by Shell
Posted On Mar 23 ,2016 - 03:57-PM | by admin

Wood Group has secured a new three year contract with Shell, to deliver industrial services to the St Fergus gas processing plant in Aberdeenshire and the Mossmorran gas processing plant and Braefoot ...

Nigerian Onshore Production Deal - Escrow Payment Made To BidCo Lawyers
Posted On Mar 22 ,2016 - 03:04-PM | by admin

San Leon Energy Plc (the "Company"), the AIM listed company focused on oil and gas exploration and production in Europe and Africa, announces that all of the funds required to be paid to satisfy the a...

Gulf Keystone Announce Shaikan Payment Update
Posted On Mar 22 ,2016 - 03:50-PM | by admin

Gulf Keystone Petroleum announced that a gross payment of $7.5 million has been received from the Kurdistan Regional Government ("KRG") for Shaikan crude oil exports in February 2016. This gross p...

IMF Releases Updated Guidelines for Compiling Monetary and Financial Statistics
Posted On Mar 22 ,2016 - 03:01-PM | by admin

The International Monetary Fund (IMF) has released today the prepublication version of the Monetary and Financial Statistics Manual and Compilation Guide, providing updated guidance for the compilatio...

Neste Jacobs to perform comprehensive energy study for INA's oil refinery in Croatia
Posted On Mar 22 ,2016 - 03:51-AM | by admin

Technology, engineering and project management company Neste Jacobs and INA - Industrija nafte, d.d. (INA) have signed an agreement for Neste Jacobs to perform a comprehensive energy efficiency study ...

CNOOC and Shell take final investment decision to expand petrochemical complex in China
Posted On Mar 22 ,2016 - 03:22-AM | by admin

China National Offshore Oil Corporation (CNOOC) and Shell Nanhai B.V. (Shell) today announce the final investment decision to expand CNOOC and Shell Petrochemical Company’s (CSPC) existing 50:50 joi...

Total and China National Petroleum Company Sign A Strategic Cooperation Agreement
Posted On Mar 21 ,2016 - 03:51-PM | by admin

While attending the China Development Forum in Beijing at the invitation of the Chinese government, Patrick Pouyanné, Chairman and CEO of Total, signed a strategic cooperation agreement with Wang Yil...

OMV signs a Technical Evaluation Agreement in Abu Dhabi
Posted On Mar 21 ,2016 - 03:53-PM | by admin

The Abu Dhabi National Oil Company (ADNOC), OMV, and Occidental Petroleum from the US have signed a contract over several undeveloped oil and gas fields in North-West Offshore Abu Dhabi including the ...

Erin Energy Announced Full Year & Fourth Quarter 2015 Results
Posted On Mar 21 ,2016 - 03:34-PM | by admin

Erin Energy Corporation (“Erin Energy” or the “Company”) (NYSE MKT: ERN) (JSE: ERN) announced financial and operational results for the year ended December 31, 2015.

    2015 High...

IMF Managing Director Concludes Visit to China, Meets Chinese Leadership
Posted On Mar 21 ,2016 - 03:57-AM | by admin

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), today concluded a two-day visit to China and issued the following statement: “It has been a great pleasure to b...

Statoil launches Batwind: Battery storage for offshore wind
Posted On Mar 21 ,2016 - 03:19-AM | by admin

A new battery storage solution for offshore wind energy will be piloted in the world’s first floating wind farm, the Hywind pilot park off the coast of Peterhead in Aberdeenshire, Scotland. Batwi...

Milestone underscores Chevron's commitment to growing its LNG business in Asia
Posted On Mar 21 ,2016 - 03:10-AM | by admin

Chevron Corporation (NYSE: CVX) announced that its first shipment of liquefied natural gas (LNG) from the Gorgon Project has departed Barrow Island off the northwest coast of Western Australia. The ca...

Statoil Clarifies Situation on Krechba plant in Algeria
Posted On Mar 19 ,2016 - 03:04-PM | by admin

After the attack on the In Salah Gas asset in Krechba in Algeria at 06.00 this morning, the situation at the plant is now calm. There are no reports of any injuries resulting from the attack. Stato...

TransCanada to Acquire Columbia Pipeline Group for US$13 Billion
Posted On Mar 18 ,2016 - 03:03-PM | by admin

TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) announced it has entered into an agreement and plan of merger pursuant to which it will acquire Columbia Pipeline Group, Inc. (NYSE:CPGX or C...

Swala Says Independent review increases resources and identifies 14 new leads
Posted On Mar 18 ,2016 - 03:42-PM | by admin

Swala Energy Limited (“Swala” or “the Company”) announced that Gaffney, Cline & Associates (“GCA”), an independent petroleum advisory firm, have completed their review of the resource pote...

Eni Announce 2016-2019 Strategic Plan
Posted On Mar 18 ,2016 - 03:17-PM | by admin

Claudio Descalzi, Eni’s CEO, presented the Company’s 2016-2019 Strategic Plan to the financial community.

    Main targets
Profitable growth – ...

Statoil presents annual and sustainability reports for 2015
Posted On Mar 18 ,2016 - 03:05-PM | by admin

Statoil (OSE:STL, NYSE: STO) is presenting the annual reports for 2015, including the sustainability report and the payments to governments report.

"The profitability of the oil and g...

MARKETS AND NEWS Linkups: Oil News Brief/Roundup 9th March;-- The price of OPEC's basket of thirteen crudes stood at US$34.50 a barrel on Wednesday 16th, according to OPEC Secretariat calculations.
Posted On Mar 17 ,2016 - 03:03-PM | by admin

U.S. stocks closed higher Wednesday, helped by a rise in oil prices, following the release of the Federal Reserve’s (Fed) statement and economic projections. Light sweet crude oil for April delivery...

Neste Jacobs to execute the integration project of the new Kilpilahti Power Plant in Porvoo, Finland
Posted On Mar 17 ,2016 - 03:47-PM | by admin

Neste Jacobs has been awarded the execution of the infrastructure integration project of the new Kilpilahti Power Plant ("KPP"). The total investment value of the joint project between Neste, Veolia a...

Oil Won't Stage A Serious Rebound Until This Happens
Posted On Mar 17 ,2016 - 03:21-PM | by admin

Oil prices have shown signs of life over the past few weeks, as production declines in the U.S. raise expectations that the market is starting to adjust. As a result, Brent crude recently surpassed $4...

Saudi Aramco and LANXESS announce the executive team of their joint venture, ARLANXEO
Posted On Mar 17 ,2016 - 03:19-AM | by admin

Saudi Aramco and specialty chemicals company LANXESS announced the members of the Executive Board of ARLANXEO, their previously announced 50:50 synthetic rubber joint venture. Both companies will h...

Saudi Refining, Inc. and Shell sign letter of intent to separate Motiva assets
Posted On Mar 17 ,2016 - 03:08-AM | by admin

Saudi Arabian Oil Company ("Saudi Aramco") through its wholly owned Saudi Refining Inc. ("SRI") subsidiary and Royal Dutch Shell plc ("Shell"), through its U.S. downstream affiliate, announced they ha...

Oil Price Will Bounce Back
Posted On Mar 17 ,2016 - 03:50-AM | by admin

The Nigerian Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has expressed optimism that the price of crude oil would rise to a level that is neither too high nor too low. The Minister ...

Rosneft Attracts a Consortium of Strategic Investors to Participate in the Taas-Yuryakh Neftegasodobycha Project
Posted On Mar 16 ,2016 - 03:07-PM | by admin

Rosneft (acting by the wholly owned subsidiary RN-Razvedka i Dobycha), Oil India, Indian Oil and Bharat Petroresources signed a legally binding share sale agreement relating to 29.9% participatory sha...

Kosmos Announces Successful Appraisal of Gas Discovery Offshore Mauritania and Senegal
Posted On Mar 16 ,2016 - 03:30-PM | by admin

Kosmos Energy (NYSE: KOS) announced that its Ahmeyim-2 appraisal well has successfully delineated the Ahmeyim and Guembeul gas discoveries offshore Mauritania and Senegal. Located in Mauritanian wa...

Tullow Announce Kenya - Well Update
Posted On Mar 16 ,2016 - 03:55-PM | by admin

Tullow Oil plc (Tullow) announces that the Cheptuket-1 well in Block 12A, Northern Kenya, has encountered good oil shows, seen in cuttings and rotary sidewall cores, across an interval of over 700 met...

Power plant arrangement between Neste, Veolia and Borealis closed
Posted On Mar 16 ,2016 - 03:34-PM | by admin

A joint project between Neste, Veolia and Borealis to arrange power plant operations and build a new power plant in Kilpilahti, Porvoo, Finland has been confirmed in the form it was announced in Decem...

CNPC and Alibaba Group sign strategic cooperation agreement
Posted On Mar 15 ,2016 - 03:41-PM | by admin

On March 10, CNPC signed a strategic cooperation framework agreement with Alibaba Group in Beijing. CNPC Chairman Wang Yilin and Alibaba Group Executive Chairman Ma Yun had a meeting before attendin...

Range Resources Spuds New well in Trinidad
Posted On Mar 15 ,2016 - 03:50-PM | by admin

Range Resources Limited advised that approval for the new 4,000 m drilling rig has been granted to RRDSL (a wholly owned subsidiary of LandOcean Energy Services Co., Ltd). Subsequently, the MD 51-1 d...

OneSubsea Awarded Subsea Production Systems Contract for BP West Nile Delta Fields Offshore Egypt
Posted On Mar 15 ,2016 - 03:36-PM | by admin

OneSubsea®, a Cameron (NYSE: CAM) and Schlumberger (NYSE: SLB) company, has been awarded a contract from BP Exploration (Delta) Ltd., and partner DEA (Deutsche Erdoel AG), to supply subsea production...

Aminex Announces Kiliwani North update
Posted On Mar 15 ,2016 - 03:05-PM | by admin

Aminex PLC (“Aminex” or “the Company”) advised that the final well integrity testing of the Kiliwani North-1 well (“KN-1”) has been concluded, recording a high tubing pressure reading rela...

Cairn Energy Preliminary Results Announcement
Posted On Mar 15 ,2016 - 03:18-AM | by admin

Cairn enters 2016 fully funded to complete an active exploration and appraisal drilling campaign focusing on Senegal, as well as to deliver first oil from the Kraken and Catcher development projects i...

Songa Offshore SE Announces comprehensive refinancing
Posted On Mar 15 ,2016 - 03:02-AM | by admin

Songa Offshore SE ("Songa Offshore" or the "Company") intends to issue a subordinated convertible bond of USD 100m with an option to upsize to USD 125m (the "New Convertible Bond") and complete a subs...

IMF Staff Completes 2016 Article IV Mission to Algeria
Posted On Mar 15 ,2016 - 03:18-AM | by admin

An International Monetary Fund (IMF) staff team led by Jean-François Dauphin visited Algiers from March 1 to 14 to hold discussions for the 2016 Article IV consultation. Discussions focused on the im...

IMF Executive Board Approves New Arrangements Totaling US$1.5 billion for Kenya
Posted On Mar 15 ,2016 - 03:22-AM | by admin

The Executive Board of the International Monetary Fund (IMF) today approved a new SDR 709.259 million (about US$989.8 million) 24-month Stand-By Arrangement (SBA) and a SDR 354.629 million (about US$4...

Shell delivers more Brazil deep-water production from Parque das Conchas
Posted On Mar 14 ,2016 - 03:16-PM | by admin

Third phase of major deep-water project delivered, optimizing production capacity Shell and its joint venture announce the start of oil production from the third phase of the deep-water Parque das Co...

Eni starts production of Goliat Norwegian field
Posted On Mar 13 ,2016 - 03:41-PM | by admin

Eni has started production of the Goliat field, located 85 kilometers northwest of Hammerfest, within Production License 229, in a ice-free area in the Barents Sea off Norway. Goliat, the first oil...

$67 Oil Has All The Majors Converging Here
Posted On Mar 13 ,2016 - 03:15-PM | by admin

Argentina offers one of the few places on earth where oil companies are not suffering from the full force of the collapse in prices. Argentina regulates oil prices, a policy originally intended to ins...

Constitution Pipeline Updates Projected In-Service Date
Posted On Mar 11 ,2016 - 03:02-AM | by admin

Cabot Oil & Gas Corporation (COG) ("Cabot") announced that Constitution Pipeline Company, LLC ("Constitution") has updated its in-service date projection from the fourth quarter of 2016 to the second ...

SAExploration Announces Fourth Quarter and FY 2015 Consolidated Financial Results
Posted On Mar 11 ,2016 - 03:55-AM | by admin

SAExploration Holdings, Inc. (NASDAQ:SAEX) (OTCBB:SAEXW) announced its consolidated financial results for the fourth quarter ("Q4") and fiscal year ended December 31, 2015.

    Fiscal Yea...

Tlou Energy Announce Interim Results 
Posted On Mar 11 ,2016 - 03:23-AM | by admin

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 (‘CBM’) projects, announced its interim ...

Update on Worldview Examinership Petition Suspension of Trading on AIM and ESM
Posted On Mar 11 ,2016 - 03:45-AM | by admin

On 4 March 2016 Worldview EHS International Master Fund (“Worldview”) presented a petition to the High Court of Ireland (the “Court”) to appoint an examiner to Petroceltic International plc, P...

Worldview Purchase of Petroceltic Debt
Posted On Mar 11 ,2016 - 03:43-AM | by admin

Sunny Hill, a company wholly owned by the Worldview Economic Recovery Fund (the "Economic Recovery Fund"), announced that, on 10 March 2016, the Economic Recovery Fund acquired 69.44 per cent....

DNV GL, Petrobras, Shell, Statoil and Woodside partner for new industry project on standardization
Posted On Mar 10 ,2016 - 03:27-PM | by admin

A joint industry project (JIP) to standardize subsea processing systems has been kickstarted by DNV GL with industry partners Petrobras, Shell, Statoil and Woodside. Subsea development projects have b...

Eni Updates on first production test of Zohr field
Posted On Mar 10 ,2016 - 03:57-PM | by admin

Eni successfully performed the production test of Zohr 2X, first appraisal well of Zohr discovery, in the Shorouk block, offshore Egypt. During the test, 120 m of the reservoir were opened to produ...

African Petroleum completes farmout of CI-513 licence in Côte d’Ivoire
Posted On Mar 10 ,2016 - 03:29-PM | by admin

Further to the Company’s announcement of 21 December 2015, African Petroleum, an independent oil and gas exploration company with ten licences in five countries offshore West Africa, announced that ...

Technip awarded a three-year contract by Total E&P Angola for engineering services
Posted On Mar 10 ,2016 - 03:04-AM | by admin

Technip Angola Engenharia Limitada, a joint venture between Technip and Sonangol, was awarded by Total E&P Angola a three-year engineering services contract. This contract covers services for the exis...

Neste mobile app for motorists
Posted On Mar 10 ,2016 - 03:07-AM | by admin

The new Neste mobile app makes driving safer, smoother and more enjoyable. It collects all the information motorists need: weather data and traffic jams, the closest Neste stations and local offers. ...

Rompetrol Automates Downstream Business in Romania
Posted On Mar 10 ,2016 - 03:30-AM | by admin

Rompetrol Downstream, part of KMG International Group, has started the extensive rollout of OpenTAS including complete SAP integration at several of its sites in Romania. The project also includes con...

Baker Hughes Announces February 2016 Rig Counts
Posted On Mar 09 ,2016 - 03:21-PM | by admin

Baker Hughes Incorporated (NYSE:BHI) announced that the international rig count for February 2016 was 1,018, down 27 from the 1,045 counted in January 2016, and down 257 from the 1,275 counted in Febr...

Falcon Oil & Gas Provides Operational Update
Posted On Mar 09 ,2016 - 03:11-PM | by admin

Falcon Oil & Gas Ltd. (TSX VENTURE:FO)(FOG.L)(FAC) announced the following operational update for its operations in Australia, South Africa and Hungary.

    Operational highlights

Rosneft Starts Exploratory Drilling, Offshore Vietnam
Posted On Mar 09 ,2016 - 03:29-PM | by admin

Rosneft Vietnam B.V., a company of Rosneft group, has started drilling exploration well PLDD-1X at Block 06.1 located offshore Vietnam. For the first time Rosneft is operating a drilling project, i...

Boskalis Awarded Contract In Abu Dhabi
Posted On Mar 09 ,2016 - 03:18-PM | by admin

Royal Boskalis Westminster N.V. (Boskalis) has been awarded a contract from the National Petroleum Construction Company of Abu Dhabi, UAE for dredging work related to the installation of an offshore g...

Moody's Assesses Impact of Sharp Fall in Oil Prices on 18 Sovereigns
Posted On Mar 09 ,2016 - 03:02-AM | by admin

Moody's Investors Service announced actions via separate releases on the ratings and outlooks of 18 oil-exporting sovereigns to reflect the impact of the continued large fall in oil prices, which Mood...

Cairn Energy announces the successful testing of the SNE-3 appraisal well offshore Senegal
Posted On Mar 09 ,2016 - 03:20-AM | by admin

Operations have been safely and successfully completed following drilling, coring, logging and drill-stem testing (DST). The well is now being plugged and abandoned. Cairn’s analysis of the extensi...

Addax Petroleum Chooses Paradigm Technology as its Corporate Tool for Pore Pressure Prediction
Posted On Mar 08 ,2016 - 03:00-PM | by admin

Paradigm® announced that Addax Petroleum has acquired the Paradigm Pore Pressure Prediction module to complement its Paradigm suite of products, which includes Paradigm SKUA-GOCAD™, Geolog® and Ea...

Hemisphere Energy Announces 49 Increase Proved Developed Producing Reserves
Posted On Mar 08 ,2016 - 03:27-PM | by admin

Hemisphere Energy Corporation (TSX-V: HME) ("Hemisphere" or the "Company") announced highlights from its independent reserves evaluation as at December 31, 2015 prepared by McDaniel & Associates Consu...

ExxonMobil Launches Speedpass+ Mobile Payment App with Apple Pay
Posted On Mar 08 ,2016 - 03:37-PM | by admin

ExxonMobil is now the first major fuel retailer to accept mobile payment at the pump, including Apple Pay, throughout the majority of its U.S. network. The Speedpass+ mobile payment app is now availab...

CME Group Announces Launch of Interest Rate Swaption Clearing
Posted On Mar 08 ,2016 - 03:12-PM | by admin

CME Group, announced it will begin clearing Interest Rate Swaptions on April 11. "CME Clearing is proud to be the first clearing house to deliver interest rate swaption clearing, a capital efficien...

Roxtec UK secures cable seal deal with BASF chemical plant
Posted On Mar 08 ,2016 - 03:02-PM | by admin

Roxtec secured the contract with BASF bio-acrylamide chemical plant, in Bradford, which produces raw materials for the water, oilfield and mining industries. Roxtec UK managing director Graham O’Har...

Chevron Affirms Production Growth; Announces New Spending Cuts
Posted On Mar 08 ,2016 - 03:46-PM | by admin

Chevron Corporation (NYSE:CVX) hosted its annual security analyst meeting in New York where executives reiterated priorities, expressed confidence in the company's near term outlook and emphasized an ...

Cherie Blair Foundation for Women Partners with ExxonMobil Foundation
Posted On Mar 08 ,2016 - 03:56-AM | by admin

To Empower Women Business Owners in Nigeria through Financial Literacy Initiative. Today, the Cherie Blair Foundation for Women celebrated an innovative new initiative to empower women entrepreneurs ...

Hyundai Heavy Industries Joins Industry Leaders in Growing California’s Solar Industry
Posted On Mar 08 ,2016 - 03:07-AM | by admin

Hyundai Heavy Industries (HHI) has become the newest member of the nation’s largest state solar power trade association, the California Solar Energy Industries Association (CALSEIA). “We are p...

Africa Oil & Power Names APO as Official Newswire
Posted On Mar 08 ,2016 - 03:21-AM | by admin

African Press Organization (APO), the sole press release newswire in Africa and the global leader in media relations relating to Africa, today announced it has been named as Official Newswire of the <...

Emission reductions from renewable fuel of Neste corresponds to greenhouse gas emissions of about 1.3 million cars
Posted On Mar 08 ,2016 - 03:36-AM | by admin

Neste's record-breaking year in 2015 was also record-breaking from an environmental excellence viewpoint. Globally, Neste renewable diesel reduced greenhouse gas emissions by about 6.4 metric tons. Th...

Chevron is positioned to be one of the world's largest LNG suppliers by 2020
Posted On Mar 08 ,2016 - 03:04-AM | by admin

Chevron Corporation (NYSE: CVX) today announced it has started producing liquefied natural gas (LNG) and condensate at the Gorgon Project on Barrow Island off the northwest coast of Western Australia....

Vitol to support new bunkering operation in Nigerian waters
Posted On Mar 07 ,2016 - 03:05-PM | by admin

PPPFM & their technical partners, Vitol, announced that their new bunkering operation has now commenced in Nigerian waters supported by the Secure Anchorag...

Neste's Annual Report, Corporate Governance Statement and Remuneration Statement for 2015 published
Posted On Mar 07 ,2016 - 03:44-PM | by admin

Neste's Annual Report 2015 has been published and can be read on company's web site at www.neste.com/investors . The Annual Report 2015 includes the Fin...

China Construction Bank as First Chinese Bank to Join the LBMA Silver Price
Posted On Mar 07 ,2016 - 03:04-AM | by admin

CME Group and Thomson Reuters today announced that China Construction Bank Corporation (CCB) will participate as a new member to the LBMA Silver Price. CME Benchmark Europe Limited and Thomson Reu...

Songa Offshore SE's February fleet update
Posted On Mar 07 ,2016 - 03:54-AM | by admin

Songa Dee achieved an operational efficiency of 100% and an earnings efficiency of 100% working for Statoil in Norway. Songa Delta achieved an operational efficiency of 100% and an earnings effici...

Statoil Energy Ventures invests in United Wind
Posted On Mar 07 ,2016 - 03:35-AM | by admin

Statoil Energy Ventures announced today that it had invested USD 3 million in United Wind, the leading provider of distributed wind energy leasing solutions. This is the first investment by Statoil...

Neste Corporation's disposal of own shares based on the share ownership plan
Posted On Mar 07 ,2016 - 03:29-AM | by admin

A total of 111 629 treasury shares of Neste Corporation has been on the 7th of March 2016 conveyed without consideration to the key persons participating in the Share Ownership Plan 2013 according to ...

Nigeria's FG Moves to Unbundle NNPC into 30 Companies
Posted On Mar 04 ,2016 - 03:49-AM | by admin

The Minister of State for Petroleum Resources and Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Ibe Kachikwu, has said that the NNPC is to be unbundled into 30 pro...

Implico Debuts at the Tank World Expo 2016 in Dubai
Posted On Mar 03 ,2016 - 03:35-AM | by admin

This year, the Implico Group will be showing its downstream solutions for the first time at the Tank World Expo in Dubai – the most important tank storage event in the Middle East and Africa.

Eni starts three oil and gas treatment plants at Zubair field
Posted On Mar 03 ,2016 - 03:29-AM | by admin

Eni and Kogas have introduced today, in the presence of H.E. the Deputy Minister of Oil Fayadh Hassan Nima and other representatives of the Iraqi government, three new generation plants for the oil, g...

Dana Gas Commences Production From The Zora Gas Field in the U.A.E.
Posted On Mar 03 ,2016 - 03:50-AM | by admin

Dana Gas, the Middle East’s leading regional private sector natural gas company, is pleased to announce that sales gas production commenced on 28th February 2016 from the Zora Gas Field. Initial pro...

San Leon Energy secures funding for Mart Arrangement Agreement
Posted On Mar 03 ,2016 - 03:59-AM | by admin

San Leon Energy Plc (the “Company”), the AIM listed company focused on oil and gas exploration and production in Europe and Africa, announces that it has secured the funds to complete the Mart Res...

Amec Foster Wheeler awarded £125m contract for BP Chilldown Project
Posted On Mar 03 ,2016 - 03:27-AM | by admin

Amec Foster Wheeler announces today that it has been awarded a one-year £125 million Engineering, Procurement and Construction (EPC) contract by BP to build a new refrigeration plant that will mainta...

Southern Africa Energy and Infrastructure Summit (SAEIS)
Posted On Mar 03 ,2016 - 03:13-AM | by admin

Gigawatt Mozambique announced this week a $200-million investment into Mozambique’s power sector, alongside several global stakeholders including Standard Bank and the World Bank, amongst many other...

SDX Energy Announce Operations Update - on Bakassi West, Cameroon
Posted On Mar 02 ,2016 - 03:42-PM | by admin

SDX Energy Inc. (“SDX” or the “Company”) (TSX VENTURE: SDX), an oil & gas exploration and production company with assets in Egypt & Cameroon, announced that drilling operations have commenced...

Gazprom Neft Reports IFRS Financial Results For FY 2015
Posted On Mar 02 ,2016 - 03:59-PM | by admin

Gazprom Neft has published its consolidated financial results in accordance with International Financial Reporting Standards (IFRS) for FY 2015. Increased production, consistent sales of petroleum ...

CME Group Achieves Record Average Daily Volume of 18.7 million Contracts per Day in February 2016
Posted On Mar 02 ,2016 - 03:04-PM | by admin

CME Group, the world's leading and most diverse derivatives marketplace, announced that February 2016 volume averaged a record 18.7 million contracts per day, up 18 percent from February 2015. CME Gr...

ExxonMobil Focuses on Business Fundamentals; Paced, Disciplined Investing
Posted On Mar 02 ,2016 - 03:06-PM | by admin

Exxon Mobil Corporation (NYSE:XOM) is achieving industry-leading financial performance throughout the commodity price cycle by maintaining a focus on the fundamentals, selectively investing in the bus...

Wood Group wins $120 million industrial services contract with Babcock International
Posted On Mar 02 ,2016 - 03:49-AM | by admin

Wood Group has been awarded a new five year framework contract with a five year extension option, valued at approximately $120 million, by Babcock International to provide industrial services to a num...

SacOil Announce Completion Of Phase 2 Development Programme - Lagia Oil Field
Posted On Mar 02 ,2016 - 03:19-AM | by admin

SacOil, aSouth African based independent African oil and Gas Company, announced the successful completion of Phase 2 of their development programme at its 100% owned Lagia oil field in Sinai, onshore ...

Det norske acquires Noreco’s Norwegian portfolio
Posted On Mar 02 ,2016 - 03:06-AM | by admin

Det norske has entered into an agreement with Noreco Norway to acquire Noreco’s Norwegian license portfolio, including a ca. NOK 45 million cash balance. The effective date of the transaction is 1 J...

Statoil awarded six licensing options offshore Ireland
Posted On Mar 02 ,2016 - 03:54-AM | by admin

Statoil Exploration (Ireland) Limited has been awarded six Licensing Options in Ireland’s 2015 Atlantic Margin Licensing Round. Statoil will be the operator of four Licensing Options and partner ...

Karpinsky Oil & Gas Company reveals development strategy for Southern Russia licenses
Posted On Mar 02 ,2016 - 03:57-AM | by admin

Karpinsky Oil and Gas Company (KOGC) has revealed plans to launch a drilling programme next year in the promising oil and gas license blocks it controls in the Karpinsky Ridge Basin in the Rostov Obla...

Why Oil Booms And Busts Happen
Posted On Mar 01 ,2016 - 03:00-PM | by admin

What if I told you that there was a period in history where oil demand declined by 5 million barrels per day and non-OPEC supply increased by 5 million barrels per day, yet oil price rallied more than...

SacOil Reorganizes Interests in Block III, Democratic Republic of Congo
Posted On Mar 01 ,2016 - 03:49-PM | by admin

SacOil announces proposed reorganisation changes to its indirect participating interest in Block III, Albertine Graben ("Block III") in the Democratic Republic of Congo (“DRC”), currently held by ...

SacOil Updates on African Renaissance Gas Pipeline in Mozambique
Posted On Mar 01 ,2016 - 03:49-PM | by admin

Cooperation Agreement Concluded with the new partners and the China Petroleum Pipeline Bureau (“CPP”), for the construction of the African Renaissance Gas Pipeline.

    Key Highligh...

African Petroleum Announce Interim Financial Report for the Fourth Quarter 2015
Posted On Feb 29 ,2016 - 02:00-PM | by admin

On 21 December 2015 the Company announced that it had entered into a new Production Sharing Contract (“PSC”) with Ophir Energy plc covering the Company’s CI-513 licence area in Côte d’Ivoire....

Swiber Wins USD100 Million EPIC Contract For A National Oil Company In South Asia
Posted On Feb 29 ,2016 - 02:30-PM | by admin

Swiber Holdings Limited has secured a contract worth about US$100 million to provide engineering, procurement, installation and construction services for a National Oil Company (NOC) in South Asia. ...

Total Gabon 2015 Revenues
Posted On Feb 29 ,2016 - 02:10-PM | by admin

Revenues amounted to $842 million in 2015, down 45% from $1,538 million in 2014. The decrease was driven mainly by the lower average selling price for Total Gabon’s crude oil grades, partially offse...

Petrofac Release Final results for the year ended 31 December 2015
Posted On Feb 26 ,2016 - 02:47-PM | by admin

Revenue up 10% to US$6.8 billion (2014: US$6.2 billion) EBITDA(1)(2) of US$792 million before Laggan-Tormore loss; EBITDA of US$312 million (2014: US$935 million) after Laggan-Tormore loss

Premier Oil Release 2015 Annual Report and Financial Statements
Posted On Feb 26 ,2016 - 02:35-PM | by admin

Strong production performance in 2015, together with the benefit of our hedging programme and extensive cost savings, has enabled the Group to deliver strong cash flows from operations of US$809.5 mil...

IMF Executive Board Concludes 2015 Article IV Consultation with Gabon
Posted On Feb 26 ,2016 - 02:42-PM | by admin

On February 19, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Gabon. Gabon’s economy is facing mounting headwinds. Economic activit...

Songa Offshore Release Report for the Fourth Quarter 2015
Posted On Feb 26 ,2016 - 02:20-PM | by admin

Songa Offshore SE reports total revenue for the fourth quarter 2015 of USD 159 million and EBITDA of USD 103 million. Operating revenue in the fourth quarter 2015 was USD 132.1 million, compared to U...

Nostra Terra Provides Wyoming Prospect Update
Posted On Feb 26 ,2016 - 02:19-PM | by admin

Nostra Terra (AIM:NTOG), the oil and gas exploration and production company with a portfolio of assets in the USA and Egypt, provided an update on the Paw Paw prospect in Wyoming. In December we an...

MX Oil Announce Sale of investment in Aje Field offshore Nigeria
Posted On Feb 26 ,2016 - 02:43-AM | by admin

MX Oil plc, the AIM quoted oil and gas investing company announced that it has now agreed terms for the sale of its investment in the Aje Field offshore Nigeria to GEC Petroleum Development Company Li...

Subsea 7 awarded contract of Over $750m offshore Egypt
Posted On Feb 26 ,2016 - 02:05-AM | by admin

Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) announced the award of a major contract by BP, and partner DEA (Deutsche Erdoel AG), for the development of the Giza, Fayoum and Raven subsea fields offsho...

Eni Announce Fourth Quarter and Full Year 2015 Results
Posted On Feb 26 ,2016 - 02:20-AM | by admin

Eni’s Board of Directors approved group results for the fourth quarter and the full year 2015 (unaudited).

    Highlights:
Robust cash generation: operating cash fl...

Eni's new successful exploration activities in Egypt
Posted On Feb 26 ,2016 - 02:46-AM | by admin

Eni successfully drilled the "Nidoco North 1X" well, in the exploration prospect of "Nooros East", located in the Abu Madi West license, in the Nile Delta, Egypt. The new find start up is expected by ...

ExxonMobil Employees Spark Girls’ Interest in Engineering
Posted On Feb 25 ,2016 - 02:36-PM | by admin

ExxonMobil is inspiring girls to consider careers in science, technology, engineering and math (STEM) through its 13th annual Introduce a Girl to Engineering Day program. This year’s program is a co...

ABB to improve uptime and reduce maintenance costs for unmanned oil platforms
Posted On Feb 25 ,2016 - 02:16-PM | by admin

ABB has won orders from National Petroleum Construction Company (NPCC) for the delivery of electrical and telecommunication systems to the Al Nasr Full field Development Project in Abu Dhabi, the Unit...

CME Group Named "Best Futures Exchange" by Markets Media Magazine
Posted On Feb 25 ,2016 - 02:20-PM | by admin

CME Group, the world's leading and most diverse derivatives marketplace, today announced the company was named "Best Futures Exchange" at Markets Media's 2016 Markets Choice Awards. The award cere...

Electric Car War Sends Lithium Prices Sky High
Posted On Feb 25 ,2016 - 02:49-AM | by admin

With lithium prices skyrocketing beyond wildest expectations, talk heating up about acquisitions and mergers in this space and a fast-brewing war among electric car rivals, it's no wonder everyone's b...

Tlou Energy Limited Announce Operations Update
Posted On Feb 25 ,2016 - 02:28-AM | by admin

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 (‘CBM’) projects, announced the commence...

Transocean Ltd. Reports Fourth Quarter And Full Year 2015 Results
Posted On Feb 25 ,2016 - 02:42-AM | by admin

Transocean Ltd. (NYSE: RIG) (SIX: RIGN) reported net income attributable to controlling interest of $611 million, $1.66 per diluted share, for the three months ended December 31, 2015. Fourth quarter ...

Technip Announce Fourth Quarter and Full Year 2015 Results
Posted On Feb 25 ,2016 - 02:48-AM | by admin

On February 23, 2016, Technip’s Board of Directors approved the full year 2015 consolidated financial statements. It stated that performance was in line with expectations

    Highlight...

Total starts up Vega Pleyade offshore project in Tierra del Fuego
Posted On Feb 25 ,2016 - 02:51-AM | by admin

Total has started up production at the offshore Vega Pleyade gas and condensate field in the Tierra del Fuego region of Argentina. Operated by Total, the project will have a production capacity of 10 ...

Jura Announces Gas Discovery at the Aminah-1 exploration well, Badin IV South block
Posted On Feb 25 ,2016 - 02:19-AM | by admin

Jura Energy Corporation ("Jura") announced a potential gas discovery at the Aminah-1 exploration well in the Badin IV South block. Jura holds a 27.5% working interest in the Badin IV South block, w...

Faroe Announce Results of Kvalross exploration well
Posted On Feb 24 ,2016 - 02:59-PM | by admin

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, announces that drilling has reached target depth ...

Who Will Be Left Standing At The End Of The Oil War
Posted On Feb 24 ,2016 - 02:32-PM | by admin

This is a financial cold war—nothing more, nothing less. While there are billions of reasons to cut output, and every major producing country is reeling from the loss of revenues, some are weath...

Shell announces senior staff and organisational changes in North America
Posted On Feb 24 ,2016 - 02:55-PM | by admin

Royal Dutch Shell (Shell) today announced that after a 34-year career with the company, Unconventional Resources Director and U.S. Country Chair, Marvin Odum, will leave Shell at the end of March, 201...

Eni announces approval of Development Plan for the Coral discovery, in Area 4 offshore Mozambique
Posted On Feb 24 ,2016 - 02:15-PM | by admin

Eni announces the approval of the Plan of Development for the Coral discovery, offshore Mozambique. The approval has been granted by the Government of Mozambique’s Council of Ministers. The appro...

Heerema Marine Contractors Completes infield flowlines scope for the INPEX Ichthys LNG project
Posted On Feb 24 ,2016 - 02:29-PM | by admin

On 21 February 2016 Heerema Marine Contractors’ Deepwater Construction Vessel (DCV) Aegir laid down the last 18” production flowline on the seafloor. This important milestone marks the successful ...

North Sea costs drop 40 per cent but activity outlook signals urgent need for tax reform
Posted On Feb 24 ,2016 - 02:36-PM | by admin

Oil & Gas UK’s 2016 Activity Survey, published on 23 February, reveals that while the industry’s drive to improve efficiency, reduce operating costs and increase production has had marked success,...

Neste Jacobs awarded a framework agreement with Gasum
Posted On Feb 24 ,2016 - 02:30-PM | by admin

Neste Jacobs has signed a five-year framework agreement with Gasum for engineering and project implementation services. The agreement covers engineering, project management, procurement, HSE and doc...

Statement by IMF M.D, Christine Lagarde at the End of her Visit to the United Arab Emirates
Posted On Feb 24 ,2016 - 02:58-AM | by admin

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today at the conclusion of her visit to the United Arab Emirates (UAE): “I would...

Technip technology selected for gas cracking ethylene plant in China
Posted On Feb 24 ,2016 - 02:28-AM | by admin

Technip announced that it has entered into a contract to supply its proprietary ethylene technology, Process Design Package, technical services and proprietary equipment to SP Olefins (Taixing) Co. Lt...

AGR’s Software division expands into Eastern European markets
Posted On Feb 24 ,2016 - 02:21-AM | by admin

Global service and software company AGR has taken a strategic step forward by securing a collaboration agreement with Petec Ltd to deliver its expert software technologies in the Commonwealth of Indep...

Roxtec targets marine and offshore oil & gas sectors with new metal pipe safety seal
Posted On Feb 23 ,2016 - 02:51-PM | by admin

International manufacturer Roxtec is targeting the marine and offshore oil and gas sectors with a new innovative safety seal which protects life and assets from a multitude of hazards. The firm’s...

Oceanteam Solutions Awarded Contract
Posted On Feb 23 ,2016 - 02:15-PM | by admin

Oceanteam Solutions has been awarded a contract to supply a cable manufacturer demountable turntables and auxiliary equipment for the multiple transport of cables from Asia to Europe in 2016. Ocea...

Sercel 508XT acquisition system in operation in Saudi Arabia
Posted On Feb 23 ,2016 - 02:30-PM | by admin

CGG announced today the successful large-scale deployment of Sercel’s new-generation land seismic acquisition system on a high-productivity super crew conducting a seismic survey in Saudi Arabia. T...

CGG Conducts Multi-client airborne gravity and magnetic survey offshore Mexico
Posted On Feb 23 ,2016 - 02:15-PM | by admin

CGG has announced that it will commence a multi-client airborne gravity and magnetic survey offshore Mexico. The Comisión Nacional de Hidrocarburos (CNH) has authorized the program, which will includ...

Africa Oil Completes Ethiopia Farm Out Deal with Maersk Oil
Posted On Feb 23 ,2016 - 02:37-PM | by admin

Africa Oil Corp. ("Africa Oil" or the "Company") (TSX:AOI)(OMX:AOI) is pleased to report that it has completed the previously announced (November 9, 2015) farmout with Maersk Olie og Gas A/S ("Maersk ...

BW Offshore Umuroa Contract Award
Posted On Feb 22 ,2016 - 02:47-PM | by admin

Following an arduous tender process, EM&I Australia were pleased this week to receive formal notification of a contract award from BW Offshore, for a Frame Agreement to supply conventional and special...

Christine Lagarde, Managing Director of the IMF, Speaks at the Arab Fiscal Forum in Abu Dhabi
Posted On Feb 22 ,2016 - 02:17-PM | by admin

Revenue Mobilization and International Taxation: Key Ingredients of 21st-Century Economies Speaking at the Arab Fiscal Forum in Abu Dhabi, Christine Lagarde, managing director of the IMF, said Oil-e...

GE Oil & Gas Signs Agreement with Statoil for Future Subsea Projects
Posted On Feb 22 ,2016 - 02:01-PM | by admin

GE Oil & Gas has signed a Master Service Agreement with Statoil for new subsea projects that will enable GE to continue to support the international energy company’s value creation in a low oil pric...

Petroceltic Announce Algeria operational update
Posted On Feb 22 ,2016 - 02:19-PM | by admin

Petroceltic International plc (AIM: PCI) ("Petroceltic" or the “Company"), the oil and gas exploration, development and production company, is pleased to announce the start of development drilling ...

Wood Group wins further design contract for GWF-2
Posted On Feb 22 ,2016 - 02:10-PM | by admin

Wood Group has secured a contract with Woodside to provide the detailed design of the Greater Western Flank Phase 2 (GWF-2) flowline system. The GWF-2 Project is located on the North West Shelf, off...

CME Group Announces the Launch of LNG DES Japan (Rim) Futures Contract
Posted On Feb 22 ,2016 - 02:08-AM | by admin

CME Group, the world's leading and most diverse derivatives marketplace, announced that it has expanded its suite of energy product offerings with the introduction of a new LNG DES Japan (Rim) futures...

ExxonMobil Announces 2015 Reserves Additions
Posted On Feb 21 ,2016 - 02:26-PM | by admin

Exxon Mobil Corporation (NYSE:XOM) said it added 1 billion oil-equivalent barrels of proved oil and gas reserves in 2015, replacing 67 percent of production, including a 219 percent replacement ratio ...

Eni completes the authorization process for the development of Zohr gas field
Posted On Feb 21 ,2016 - 02:35-PM | by admin

The Egyptian Ministry of Petroleum and Mineral Resources has approved that the Egyptian Natural Gas Holding Company (EGAS) grants Eni the Zohr Development Lease, which, following the contractual frame...

IMF Deputy Managing Director to visit Chad and Cote d'Ivoire
Posted On Feb 21 ,2016 - 02:05-PM | by admin

Mr. Mitsuhiro Furusawa, Deputy Managing Director of the International Monetary Fund (IMF), will visit Chad and Cote d’Ivoire on February 21-27, to engage with policymakers and other stakeholders in ...

Chariot Oil & Gas Completes 3D Seismic Programme in Namibia
Posted On Feb 20 ,2016 - 02:29-PM | by admin

Chariot Oil & Gas Limited (AIM: CHAR), the Atlantic margins focused oil and gas exploration company, announced that it has completed its 3D seismic survey in Blocks 2312 & 2412A (the "Central Blocks"...

Lukoil Granted Right To Use Subsoil Block Of Federal Significance In Baltic Sea
Posted On Feb 20 ,2016 - 02:28-PM | by admin

In accordance with Directive of the Russian Federation Government No. 246-r. of 18 February 2016, OOO LUKOIL-Kaliningradmorneft (a wholly-owned subsidiary of PJSC LUKOIL) was granted the right to use ...

Madagascar Oil Give Company Update
Posted On Feb 20 ,2016 - 02:20-PM | by admin

Madagascar Oil provides the following update on the status of its operations, the Partner Process, its financial position and its funding situation, including the potential requirement for the Company...

Cluff Announce Two Year Extension of Memorandum of Understanding with Halliburton
Posted On Feb 20 ,2016 - 02:33-PM | by admin

Cluff Natural Resources Plc, the AIM quoted natural resources investing company, announced that it has entered into a further memorandum of understanding (‘MOU’) with Halliburton Manufacturing and...

Gulf Keystone Announce Shaikan Payment Update
Posted On Feb 20 ,2016 - 02:53-PM | by admin

Gulf Keystone Petroleum, a leading independent operator and producer in the Kurdistan Region of Iraq, announced that the Kurdistan Regional Government has authorised a gross payment of US$15 million (...

IMF Executive Board Selects Christine Lagarde to Serve a Second Term as Managing Director
Posted On Feb 19 ,2016 - 02:17-PM | by admin

Statement by Christine Lagarde on her Second Term as IMF Managing Director Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today: ...

Technip named industry leader in sustainability by RobecoSAM
Posted On Feb 19 ,2016 - 02:20-AM | by admin

Technip has been recognized as industry leader and has received Gold Class distinction for its sustainability performance in the ‘Energy Equipment and Services’ sector according to the 2016 Robeco...

AGR to support Colombia’s development of significant heavy oil resources
Posted On Feb 19 ,2016 - 02:16-AM | by admin

AGR announced that it has finalised a contract with Colombia’s Agencia Nacional de Hidrocarburos (ANH) supporting further the company’s growth strategy in the South American region. AGR team w...

SacOil Announce Start of 2D Seismic Data Acquisition in DR Congo
Posted On Feb 18 ,2016 - 02:15-PM | by admin

Block III, Albertine Graben, Democratic Republic of Congo. With the granting of a two-year extension to current exploration period of Block III by the Minister of Hydrocarbons of the Democratic Republ...

Woodside Acquires Exploration Acreage in Senegal, Guinea-Bissau
Posted On Feb 18 ,2016 - 02:40-PM | by admin

Woodside advises that its subsidiary Woodside Energy (Senegal) Pty Ltd has entered into an agreement with Impact Oil & Gas AGC Ltd (Impact) to acquire a 65% participating interest in a Production Shar...

Petroceltic Announce Completion of Sale of Egyptian exploration interests to Edison
Posted On Feb 18 ,2016 - 02:09-PM | by admin

Petroceltic International plc (AIM: PCI) ("Petroceltic" or the “Company"), the oil and gas exploration, development and production company with licences in North Africa, the Mediterranean and Black...

Victoria Oil & Gas secures 75% interest in Matanda Block in Cameroon
Posted On Feb 18 ,2016 - 02:58-PM | by admin

Victoria Oil & Gas Plc, the integrated natural gas producing utility, announced that it has reached an agreement with Glencore Exploration Cameroon Limited ("Glencore Cameroon") and Afex Global Limite...

Occidental Petroleum Announces Regular Quarterly Dividend
Posted On Feb 18 ,2016 - 02:44-PM | by admin

Occidental Petroleum Corporation (NYSE: OXY) said that its Board of Directors has declared a regular quarterly dividend as well as a special stock dividend for the common stock of California Resources...

Tullow Announce Ghana Operational Update
Posted On Feb 18 ,2016 - 02:11-AM | by admin

Tullow Oil plc (‘Tullow’) announced that it has informed the Government of Ghana and its Partners of a change to operating procedures at the Jubilee field FPSO. Following a recent inspection of...

Oceanteam ASA Announce Q4 2015 Report
Posted On Feb 18 ,2016 - 02:28-AM | by admin

Revenue from operations USD 12.4 million, EBITDA from operations USD 6.8 million, Operating profit of USD 2.2 million, Net finance negative USD 2.8 million, General & administration costs further redu...

Further Update on Flow Test Horse Hill-1 Oil Discovery, Weald Basin, UK
Posted On Feb 17 ,2016 - 02:45-PM | by admin

Further Significant Oil Flows to Surface from Lower Kimmeridge Limestone Following the announcement on 16 February 2016, UK Oil & Gas Investments PLC (London AIM and ISDX: UKOG) announced that Horse H...

Statoil agrees farm-in with OMV in New Zealand
Posted On Feb 17 ,2016 - 02:31-PM | by admin

Statoil has agreed with OMV to acquire a 30% working interest in Petroleum Exploration Permit (PEP) 57073. This will further strengthen Statoil’s position in New Zealand. The permit covers an are...

BP Announces Start-up at In Salah Southern Fields, Algeria
Posted On Feb 17 ,2016 - 02:36-PM | by admin

In Salah Gas, a joint venture between Sonatrach, BP and Statoil announced the start-up of its Southern Fields project. The project is the latest stage in the development of seven gas fields in cent...

Noble Energy Announce Results for the Fourth Quarter 2015
Posted On Feb 17 ,2016 - 02:34-PM | by admin

Noble Energy, Inc. (NYSE:NBL) ("Noble Energy" or "the Company") announced today results for the fourth quarter of 2015, including adjusted net income(1) of $191 million, or $0.44 per diluted share. ...

Seven Energy secures US$100 million of additional equity capital
Posted On Feb 17 ,2016 - 02:43-AM | by admin

Seven Energy International Limited (“Seven Energy” or the “Group”), the leading integrated gas company in south east Nigeria, with oil and gas interests in the region, is pleased to announce t...

ERHC Energy Inc. Issues Update on Exploration Plans for Kenya Block 11A
Posted On Feb 17 ,2016 - 02:11-AM | by admin

ERHC Energy Inc. (OTCMKTS:ERHED), a publicly traded American company with oil and gas assets in Sub-Saharan Africa, issued the following update on exploration progress in Kenya Block 11A.

    <...

Woodside profit tumbles 99%
Posted On Feb 17 ,2016 - 02:03-AM | by admin

Woodside Petroleum - Australia's largest independent oil and gas company - has posted a 99% fall in profits for the 12 months to December. The Perth-based firm put the dramatic decline in profits dow...

Solo Announce Update on Horse Hill-1 Oil Discovery, Weald Basin, UK
Posted On Feb 16 ,2016 - 02:44-PM | by admin

Solo announced that it has been advised by the operator, Horse Hill Developments Limited, that light, 40 degree API, sweet oil has flowed naturally to surface from an 80-foot zone within the Lower Kim...

San Leon Release Arbitration Update
Posted On Feb 16 ,2016 - 02:57-PM | by admin

San Leon Energy plc ("the Company" or "San Leon"), the AIM listed company focused on oil and gas exploration in Europe and North Africa, announces that certain of its subsidiaries, including Aurelian ...

Tower Resources Announce South Africa Update
Posted On Feb 16 ,2016 - 02:54-PM | by admin

Tower Resources plc (the “Company” or “Tower” (TRP.L, TRP LN)), the AIM-listed Africa-focussed oil and gas exploration company announced the following update with regards to its interests in t...

Statoil Announce Start-up at In Salah Southern Fields in Algeria.
Posted On Feb 16 ,2016 - 02:50-PM | by admin

Statoil and its partners Sonatrach and BP have announced the startup of its Southern Fields project on In Salah in Algeria. The Statoil production from the southern fields will be around 22 000 equ...

Versalis (Eni), and Genomatica produce bio-rubber with bio-butadiene from sugars
Posted On Feb 16 ,2016 - 02:57-PM | by admin

Versalis (Eni), a European producer in the polymers and elastomers industry, and Genomatica, a leader in bioengineering solutions, announced today that they have successfully advanced to pilot-scale p...

Technip to provide Dorr Oliver FluoSolids® roasting system for KGHM in Poland
Posted On Feb 16 ,2016 - 02:08-PM | by admin

Technip was awarded a contract by KGHM(1) to provide engineering and procurement services for a 480 metric ton per day Dorr Oliver FluoSolids® roaster system for the Glogow I Copper Smelter Optimizat...

Aker Solutions and Total to Cooperate on Subsea Technology Development
Posted On Feb 16 ,2016 - 02:49-PM | by admin

Aker Solutions and Total agreed to collaborate on research and innovation to develop new cost-effective subsea field technology. The initial four-year technical collaboration agreement will build o...

Egdon Announce Start of drilling operations, Laughton-1 Well
Posted On Feb 15 ,2016 - 02:10-PM | by admin

Egdon Resources plc (AIM:EDR) announced the commencement of drilling operations at the Laughton-1 exploration well in UK Onshore Licence PEDL209 located in Lincolnshire. The Laughton-1 well was sp...

FUTUREN obtains permission to build its largest wind farm in France
Posted On Feb 15 ,2016 - 02:52-PM | by admin

FUTUREN obtained a building permit, today free of any third-party claim, to install 11 new wind turbines on Les Monts wind farm, located in the Aube French department. Following a first tranche of 4 w...

Sound Energy AnnounceTendrara Update
Posted On Feb 15 ,2016 - 02:22-PM | by admin

Sound Energy, the European/Mediterranean focused upstream gas company, announced that ground works have commenced on site at the Company's Tendrara licence area and that all contracts have now been aw...

Forsys Subsea awarded subsea FEED contract for Trestakk field development with Statoil
Posted On Feb 15 ,2016 - 02:29-PM | by admin

Forsys Subsea, the joint venture between FMC Technologies and Technip, has been awarded a contract from Statoil to provide a subsea front-end engineering and design (FEED) study for subsea tie-back of...

Statoil strengthens its position in Uruguay
Posted On Feb 15 ,2016 - 02:07-PM | by admin

Statoil has signed a farm-in agreement with Tullow to acquire a 35% working interest in offshore exploration block 15 in the Pelotas basin, deepening its position in Uruguay.

"With ...

Johan Sverdrup drilling platform at Aibel’s yard in Haugesund Commences
Posted On Feb 15 ,2016 - 02:21-PM | by admin

On Monday 15 February 2016 Haugesund mayor Arne-Christian Mohn started the machine cutting the steel for the Johan Sverdrup drilling platform This marks the start of the construction of the Johan Sve...

Dana Gas Release FY 2015 Earnings
Posted On Feb 15 ,2016 - 02:19-PM | by admin

Gross revenue declined by 39%, with lower hydrocarbon prices (lower by approx. 50%) and lower production in Egypt which declined by 15%. Net profit increased by 15% to $ 144 million as compared to US$...

Stephen W. Green Named President of Chevron Asia Pacific Exploration and Production
Posted On Feb 13 ,2016 - 02:49-PM | by admin

Chevron Corporation (NYSE:CVX) today named Stephen W. Green president of Chevron Asia Pacific Exploration and Production effective April 1, 2016. Green, 58, succeeds Melody B. Meyer who is retiring...

Solo Oil makes further investment in Kiliwani North
Posted On Feb 12 ,2016 - 02:10-PM | by admin

Solo Oil said that, further to the various agreements with Aminex, it has agreed to increase its interest in the Kiliwani North Development Licence (KNDL) to 10% for USD2.16m. It previously held a 6.1...

Europa Wins Award of New Offshore Ireland Licencing Option
Posted On Feb 12 ,2016 - 02:33-PM | by admin

Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration, development and production company focused on Europe, is delighted to announce it has been awarded a new Licensing Option (the ...

Woodside Announces Second Gas Discovery In Myanmar
Posted On Feb 12 ,2016 - 02:06-PM | by admin

Woodside reports that the Thalin-1A exploration well in Block AD-7 in the Rakhine Basin has intersected a gross gas column of approximately 64m. Approximately 62m of net gas pay is interpreted within ...

Total proposes a fourth quarter 2015 dividend of 0.61 euros per share
Posted On Feb 12 ,2016 - 02:16-PM | by admin

The Board of Directors of Total met on February 10, 2016, and agreed to propose to the Annual Shareholders’ Meeting on May 24, 2016, a 2015 annual dividend of 2.44 euros per share, stable compared t...

Aker Solutions ASA Announce Fourth-Quarter Results 2015
Posted On Feb 12 ,2016 - 02:33-AM | by admin

Aker Solutions made good progress on major projects from Africa to Norway and Brazil in the fourth quarter of 2015. Key deliveries included equipment to start drilling in November at the Kaombo develo...

T. Boone Pickens On Obama Oil Tax: "Dumbest Idea Ever"
Posted On Feb 12 ,2016 - 02:26-AM | by admin

The Obama administration's proposed $10.25 per barrel oil tax adds up to approximately $32 billion a year, and critics are coming out of the woodwork in defense of both the oil industry and end users ...

GNPC and Quantum Power agree terms for the construction and operation of the Tema LNG Import Terminal
Posted On Feb 12 ,2016 - 02:06-AM | by admin

Ghana National Petroleum Corporation and Quantum Power agree terms for the construction and operation of the Tema LNG Import Terminal Ghana National Petroleum Corporation (GNPC) - Ghana’s Nation...

CME Group Announces WTI Light Sweet Crude Oil Futures Volume Record
Posted On Feb 11 ,2016 - 02:44-AM | by admin

CME Group, the world's leading and most diverse derivatives marketplace, announced it reached a trading volume record for WTI Light Sweet Crude Oil futures yesterday, February 9, 2016, of 1,603,77...

Technip awarded fabrication and installation contracts by Statoil
Posted On Feb 11 ,2016 - 02:09-AM | by admin

Technip was awarded by Statoil ASA two lump sum contracts for infield pipeline construction for the Johan Sverdrup Development and the Oseberg Vestflanken 2 projects. The Johan Sverdrup field is one ...

MEO Australia Provide Cuba “Block 9” PSC Update
Posted On Feb 10 ,2016 - 02:26-PM | by admin

MEO Australia Limited (ASX: MEO) Provided the following update in relation to Block 9, onshore Cuba. MEO has now received a considerable quantity of historical technical data from Block 9 and has co...

Forte Oil Signs Up to United Nations Global Compact CSR Initiative
Posted On Feb 10 ,2016 - 02:22-PM | by admin

Forte Oil Plc, Nigeria's premier integrated energy solutions provider has been listed as a participant of the United NationsGlobal Compact, the world's largest corporate social responsibility initiati...

Magseis Awarded contract for major project in Saudi Arabia
Posted On Feb 10 ,2016 - 02:32-PM | by admin

Magseis has, together with its partner BGP, been awarded Saudi Aramco’s S78 project for large-scale ocean bottom seismic acquisition in the Red Sea. The project has an expected duration of 9 months ...

AGR named as CCS technical advisor to state-owned Gassnova
Posted On Feb 10 ,2016 - 02:55-PM | by admin

AGR has finalised a Frame Agreement to act as technical advisors to Norwegian state-owned Gassnova, as the country progresses with its Carbon Capture and Storage (CCS) development. Gassnova has ove...

Equatorial Guinea Awards EPC Contract for New Petrochemicals Complex
Posted On Feb 10 ,2016 - 02:12-PM | by admin

The Ministry of Mines, Industry and Energy of Equatorial Guinea announced that Riaba Fertilizers Limited has awarded the EPC contract for a new petrochemicals complex to a Chinese consortium led by Ea...

Tullow Oil Announce 2015 Full Year Results
Posted On Feb 10 ,2016 - 02:46-AM | by admin

Revenues down 27% on previous year; write-offs and impairment charges also impacted by the oil price decline, resulting in a loss after tax of $1.0 billion. Strong operating cash flow generation of $1...

Aker Solutions to Deliver Concept Study on Future Johan Sverdrup Phases
Posted On Feb 10 ,2016 - 02:57-AM | by admin

Aker Solutions will deliver a concept study on a new processing platform for future phases of the Statoil-operated Johan Sverdrup North Sea field, Norway's largest oil find in three decades. The st...

CNPC Offshore Engineering Company completed the first engineering package of Yamal LNG Project
Posted On Feb 09 ,2016 - 02:14-PM | by admin

CNPC Offshore Engineering Company (CPOE) officially delivered the FWP5 engineering package of Russia's Yamal LNG Project to its owner as it was loaded on board in Qingdao City, Shandong Province in Ch...

Schlumberger-Cameron Merger Receives Unconditional Clearance from European Commission
Posted On Feb 09 ,2016 - 02:07-PM | by admin

Schlumberger Limited (NYSE: SLB) and Cameron International Corporation (NYSE: CAM) jointly announced today that the European Commission has cleared their proposed merger without any conditions followi...

WPX Energy Offloads Subsidiary For $910 Million
Posted On Feb 09 ,2016 - 02:25-PM | by admin

WPX Energy (NYSE: WPX) announced that it has signed an agreement to sell its wholly owned subsidiary WPX Energy Rocky Mountain, LLC, to Terra Energy Partners LLC for $910 million. The parties expect t...

Wood Group extends Chevron contract in the North Sea
Posted On Feb 09 ,2016 - 02:43-PM | by admin

Wood Group has secured an extension to continue to support Chevron Upstream Europe across four offshore assets in the North Sea. Wood Group PSN (WGPSN) will deliver operations and maintenance services...

Newswatch: Nigeria Oil & Gas News as Reported 9th February
Posted On Feb 09 ,2016 - 02:23-PM | by admin

The fall in the price of oil has continued to affect the economies of many petroleum producers and Nigeria is no exception. Industry analysts predict a rough year ahead for all oil producing countries...

NNPC, NASS Pledge Speedy Reforms in Petroleum Sector
Posted On Feb 09 ,2016 - 02:52-PM | by admin

The Nigerian National Petroleum Corporation, NNPC has pledged to collaborate with the National Assembly in order to ensure efficiency and transformation of the downstream sector of the Petroleum Indus...

Diamond Offshore and GE Oil & Gas Enter into Subsea Blowout Preventer Service Agreement
Posted On Feb 09 ,2016 - 02:42-PM | by admin

Diamond Offshore Drilling, Inc. (NYSE:DO) and GE Oil & Gas (NYSE:GE) announced the offshore drilling industry’s first-of-its-kind contractual service agreement (CSA) that transfers full accountabili...

Suncor Energy announces successful acquisition of 72.9% of Canadian Oil Sands shares
Posted On Feb 09 ,2016 - 02:56-PM | by admin

Suncor announced that approximately 72.9 per cent of Canadian Oil Sands shares (“COS”) equating to 353,307,264 common shares and accompanying rights have been tendered to Suncor's Offer. Sunco...

Transocean Ltd. Announces Customer Early Terminates The Discoverer Deep Seas
Posted On Feb 09 ,2016 - 02:51-PM | by admin

Transocean Ltd. (NYSE: RIG) (SIX: RIGN) announced that Murphy Exploration & Production Company - USA, a subsidiary of Murphy Oil Corporation, has elected to terminate the contract for the ultra-deepwa...

Songa Offshore SE Announce January fleet update
Posted On Feb 09 ,2016 - 02:39-AM | by admin

Songa Dee achieved an operational efficiency of 100% and an earnings efficiency of 98% working for Statoil in Norway. Songa Delta achieved an operational efficiency of 100% and an earnings efficie...

Technip awarded subsea contract in the Gulf of Mexico
Posted On Feb 09 ,2016 - 02:41-AM | by admin

Technip has been awarded a lump sum contract by Deep Gulf Energy III, LLC (“DGE”) for the development of the South Santa Cruz and Barataria fields. These ultra-deepwater fields are located in Miss...

Total starts-up production at Laggan-Tormore in the West of Shetland
Posted On Feb 08 ,2016 - 02:46-PM | by admin

Total has started-up production from the Laggan and Tormore gas and condensate fields, located in 600 meters of water in the West of Shetland area. The fields will produce 90,000 barrels of oil equiva...

Fitch Reports Nigeria's Oil Response Has Downside Fiscal, Growth Risks
Posted On Feb 05 ,2016 - 02:09-PM | by admin

The Nigerian authorities' recent economic policy announcements show the response to the oil price shock is coalescing around state-led development to boost economic growth and import substitution to b...

Fitch Says U.S. Banks Steady Amidst Oil Price Declines
Posted On Feb 05 ,2016 - 02:23-PM | by admin

Volatile and plummeting oil prices are weighing heavily on global confidence; however, direct exposure to oil & gas is fairly modest for U.S. banks, according to a review by Fitch Ratings. U.S. banks ...

BG Announce 2015 Fourth Quarter and Full Year Results
Posted On Feb 05 ,2016 - 02:30-PM | by admin

BG Group plc reported its 2015 Fourth Quarter and Full Year Results to the London Stock Exchange at 07:00 (UK time) on Friday 5th February 2016.

    Full Year Key Points:

Subsea 7 awarded frame agreement offshore UK
Posted On Feb 04 ,2016 - 02:42-PM | by admin

Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) announced the award of a sizeable(1) three-year frame agreement, with four one-year options, for six North Sea clients: Chevron North Sea Limited, Dana Pe...

Lundin Petroleum signs farm-out agreements in Malaysia
Posted On Feb 04 ,2016 - 02:23-PM | by admin

Lundin Petroleum AB (Lundin Petroleum) announced that its wholly owned subsidiary Lundin Malaysia BV (Lundin Malaysia) has signed farm-out agreements (FOA) with certain wholly owned subsidiaries of DY...

Occidental Petroleum Announces 4th Quarter 2015 Results
Posted On Feb 04 ,2016 - 02:54-PM | by admin

Occidental Petroleum Corporation (NYSE:OXY) announced operating cash flow before working capital for the fourth quarter of 2015 was $944 million, with total cash on the balance sheet at December 31, 2...

Oceaneering Announces Early Vessel Termination with BP in Angola
Posted On Feb 04 ,2016 - 02:36-AM | by admin

Oceaneering International, Inc. (“Oceaneering” or the “Company”) (NYSE:OII) announced that a unit of BP p.l.c. (“BP”) (NYSE:BP) has exercised its right, under the Field Support Vessel Serv...

Russia Cries Dyadya (Uncle), Is Saudi Arabia Listening?
Posted On Feb 04 ,2016 - 02:46-AM | by admin

In recent days, signs of a possible breakthrough in the year-long stand-off between Russia and Saudi Arabia on crude production strategy have emerged. Saudi Arabia, OPEC's dominant member, has long in...

Statoil ASA Announce 2015 fourth quarter results
Posted On Feb 04 ,2016 - 02:58-AM | by admin

Statoil (OSE:STL, NYSE:STO) delivered adjusted earnings of NOK 15.2 billion and adjusted earnings after tax of NOK 1.6 billion in the fourth quarter 2015. For the full year 2015, adjusted earnings wer...

Neste Corporation Record-high full-year comparable operating profit and strong cash flow
Posted On Feb 04 ,2016 - 02:03-AM | by admin

Dividend proposal EUR 1.00 per share. Oil Products posted a comparable operating profit of EUR 439 million, compared to EUR 285 million in 2014. Highlights:

      Compara...

Total signs Heads of Agreement to supply LNG to ENN in China
Posted On Feb 04 ,2016 - 02:01-AM | by admin

Total has signed a binding Heads of Agreement with ENN LNG Trading for the delivery of 0.5 million tonnes per year of liquefied natural gas (LNG) for a period of 10 years. The deliveries will be s...

Neste Announce Payment of share rewards based on the share based incentive plan
Posted On Feb 04 ,2016 - 02:11-AM | by admin

On 3 February 2016, the Board of Directors of Neste Corporation has confirmed the maximum number of shares earned based on the earning period 2013-2015 of the share based incentive plan 2013 for the c...

IMF Staff Team Concludes Visit to Azerbaijan
Posted On Feb 03 ,2016 - 02:13-PM | by admin

A staff team from the International Monetary Fund (IMF) led by Mohammed El Qorchi visited Baku during January 28-February 3, 2016, on a fact-finding visit and to discuss areas of technical assistance ...

Commonwealth Africa Summit 2016
Posted On Feb 03 ,2016 - 02:38-AM | by admin

Former Nigeria’s President, Chief Olusegun Obasanjo and over 18 Heads of State and Government, as well as over 500 leaders from business and society are expected at the 3rd Commonwealth Africa Summi...

Cue Discovers Oil at Naga Selatan-2, onshore Indonesia
Posted On Feb 03 ,2016 - 02:46-AM | by admin

Cue Energy Resources Limited (ASX: CUE) advises that the Naga Selatan-2 well (NS-2) has discovered oil and is currently being suspended to allow for future production testing. The well has safely reac...

Oceanteam ASA - CSV Bourbon Oceanteam 101 Expected to be released early from Angola contract
Posted On Feb 03 ,2016 - 02:18-AM | by admin

Oceaneering International Inc., the charterer of CSV Bourbon Oceanteam 101, has announced that a unit of BP has exercised its right, related to a Field Support Vessel Services contract between Oceanee...

Aker Solutions Wins MMO Contract in the UK
Posted On Feb 03 ,2016 - 02:59-AM | by admin

Aker Solutions won a framework agreement to provide engineering and construction services for several offshore oil and gas fields in the UK North Sea. The contract has a fixed period of five years ...

Statoil awarding contracts for Oseberg Vestflanken 2, Johan Sverdrup and Gina Krog
Posted On Feb 03 ,2016 - 02:20-AM | by admin

The contracts awarded on behalf of the licence partners include marine operations, marine construction, engineering, procurement and construction (EPC) of an unmanned wellhead platform as well as mo...

Baltimore campus of MITAGS-PMI to offer Chief Mate and Master assessments independent of courses in February 2016
Posted On Feb 02 ,2016 - 02:43-PM | by admin

Glen Paine, Executive Director of the Maritime Institute of Technology & Graduate Studies and the Pacific Maritime Institute (MITAGS-PMI), announced the Institutes have been certified to provide the C...

Premier Oil Update on Proposed Acquisition of E.ONs UK North Sea Assets and Restoration of Trading
Posted On Feb 02 ,2016 - 02:56-PM | by admin

On 13 January 2016, Premier announced that it had agreed to acquire the whole of E.ON's UK North Sea assets for a net consideration of $120 million plus completion adjustments. The proposed acquisiti...

Rosneft and GE Develop Joint Manufacturing in Russia
Posted On Feb 02 ,2016 - 02:59-PM | by admin

Rosneft and General Electric signed a long-term cooperation program. The deal involves construction plan of joint ventures for production of marine, oil and gas, and electrical equipment to ensure ...

ExxonMobil Earns $16.2 Billion in 2015
Posted On Feb 02 ,2016 - 02:26-PM | by admin

Exxon Mobil Corporation today announced estimated 2015 earnings of $16.2 billion compared with $32.5 billion a year earlier. Higher Downstream and Chemical earnings were offset by sharply lower commo...

Total Energy Ventures Invests in Two Distributed Solar Energy Start-Ups
Posted On Feb 02 ,2016 - 02:39-PM | by admin

Total Energy Ventures (TEV), the venture capital fund of French energy company Total that invests in start-ups, acquired an interest in Off Grid Electric and Powerhive. Both companies offer solar solu...

Two New Projects Commence Production in the Beibu Gulf Basin of the South China Sea
Posted On Feb 02 ,2016 - 02:04-AM | by admin

CNOOC Limited announced that the Weizhou 12-2 oilfield joint development project (Weizhou 12-2) and Weizhou 11-4 North oilfield Phase II project (Weizhou 11-4 North) have recently commenced production...

Total signs long-term agreements with Pertamina
Posted On Feb 02 ,2016 - 02:20-AM | by admin

Total has signed long-term liquefied natural gas (LNG) sale and purchase agreements with state-owned Indonesian company Pertamina for the supply of LNG volumes increasing from 0.4 to 1 million tonnes ...

GE and Statoil announce winners of open innovation challenge
Posted On Feb 02 ,2016 - 02:24-AM | by admin

GE and Statoil today announced the four winners of their Open Innovation Challenge, designed to utilize crowd sourcing to find solutions that reduce fresh water in shale oil and gas production. G...

Dana announce the completion of repairs at the pipeline in Kurdistan
Posted On Feb 02 ,2016 - 02:49-AM | by admin

Dana Gas PJSC would like to update the market that further to its earlier statement of 31 January 2016, the ruptured sales gas pipeline between the Chemchemal and Erbil power stations in the Kurdistan...

Sterling Energy Announce Withdrawal from Block C-3, Mauritania
Posted On Feb 01 ,2016 - 02:48-PM | by admin

Sterling Energy plc (the ‘Company’ – Ticker Symbol: SEY), the AIM listed upstream oil and gas company with interests in Africa, announces that its wholly owned subsidiary Sterling Energy Maurita...

Songa Announce Restructuring of its onshore organization
Posted On Feb 01 ,2016 - 02:14-PM | by admin

Songa Offshore SE (the Company) is now transforming from being largely a projects organization to an optimized operating organization. The Company today announced that as part of this process, the...

Aker Solutions Awarded Two MMO Contracts From ConocoPhillips in Norway
Posted On Feb 01 ,2016 - 02:07-PM | by admin

Aker Solutions' maintenance, modifications and operations (MMO) business in Norway secured two contracts for work at North Sea fields operated by ConocoPhillips. The company received a framework a...

Sasol obtains approval for Mozambique Field Development Plan
Posted On Feb 01 ,2016 - 02:39-PM | by admin

Sasol has obtained approval from the Mozambique Council of Ministers for its field development plan (FDP) that will see further hydrocarbon resources developed to support Southern Africa growth. To...

Statoil to explore offshore Uruguay
Posted On Feb 01 ,2016 - 02:17-AM | by admin

Statoil Uruguay B.V. (Statoil) has agreed with Total E&P Uruguay B.V. (Total) to acquire 15% working interest in offshore exploration block 14 in Uruguay. This represents a new impact opportunity f...

Shell to sell its shareholding in the Shell Refining Company in Malaysia
Posted On Feb 01 ,2016 - 02:53-AM | by admin

Shell has reached a conditional agreement with Malaysian Hengyuan International Limited (MHIL) for the sale of its 51% shareholding in the Shell Refining Company (SRC) in Malaysia for $66.3 million. ...

NuStar Energy Covers Distribution in the Fourth Quarter and for the Full-Year 2015
Posted On Jan 31 ,2016 - 01:36-PM | by admin

NuStar Energy L.P. (NYSE: NS) announced fourth quarter 2015 earnings before interest, taxes, depreciation and amortization (EBITDA) from continuing operations were $150.6 million, compared to fourth q...

Dana Gas Disclosure of KRG pipeline incident
Posted On Jan 31 ,2016 - 01:22-PM | by admin

Dana Gas PJSC notifies the market of a temporary interruption of the flow of gas from the Khor Mor plant in the Kurdistan Region of Iraq. The sale gas pipeline between the Chemchemal and Erbil powe...

Seplat takes over operatorship of OML 53 and OML 55
Posted On Jan 29 ,2016 - 01:38-PM | by admin

Seplat Petroleum Development Company Plc ("Seplat" or the "Company"), a leading Nigerian indigenous oil and gas company listed on both the Nigeria Stock Exchange and London Stock Exchange, today annou...

Chevron Reports Fourth Quarter Loss of $588 Million
Posted On Jan 29 ,2016 - 01:23-PM | by admin

Chevron Corporation (NYSE: CVX) reported a loss of $588 million ($0.31 per share – diluted) for fourth quarter 2015, compared with earnings of $3.5 billion ($1.85 per share – diluted) in the 2014 ...

Lundin commences Maligan exploration well, offshore Malaysia
Posted On Jan 29 ,2016 - 01:42-PM | by admin

Lundin Petroleum AB (Lundin Petroleum) announced that its wholly owned subsidiary Lundin Malaysia BV (Lundin Malaysia) has commenced drilling of the Maligan exploration well in Block SB307/SB308, offs...

Ophir announces Restructuring of Board and Committee Membership
Posted On Jan 29 ,2016 - 01:00-AM | by admin

In accordance with Rule 9.6.11(3) of the Listing Rules, the Board of Directors of the Company announced the following changes to the membership of the Board and its committees.

    Non-Ex...

GE Oil & Gas launches new Digital Solutions Business
Posted On Jan 28 ,2016 - 01:08-PM | by admin

Pilot Program with BP and Partnership with Paradigm GE Oil & Gas (NYSE: GE) today announced the creation of its new Oil & Gas Digital Solutions business, appointing Matthias Heilmann as head of the o...

Kosmos Energy Provides Operational and Financial Update
Posted On Jan 28 ,2016 - 01:02-PM | by admin

Kosmos Energy (NYSE: KOS) provided an operational and financial update in advance of releasing its fourth quarter 2015 results.

    Ghana
Gross production volumes fro...

Kosmos Energy Announces Gas Discovery Offshore Senegal
Posted On Jan 28 ,2016 - 01:37-PM | by admin

Kosmos Energy (NYSE: KOS) announced that its Guembeul-1 exploration well, located in the northern part of the St. Louis Offshore Profond license area in Senegal, has made a significant gas discovery....

Total has reinforces its Marketing & Services presence in the Caribbean
Posted On Jan 27 ,2016 - 01:47-PM | by admin

Total has reinforced its Marketing & Services presence in the Caribbean with the acquisition from Putney Capital Management of a majority 70% interest in the leading Dominican fuel retailer. The trans...

FMC Technologies Awarded $180 Million Subsea Systems Contract
Posted On Jan 27 ,2016 - 01:04-PM | by admin

FMC Technologies, Inc. (NYSE: FTI) announced that it signed an agreement with Woodside for the design, manufacture and supply of subsea production systems for the Greater Western Flank Phase 2 (GWF-2)...

Hess Reports Estimated Results for the Fourth Quater 2015
Posted On Jan 27 ,2016 - 01:14-PM | by admin

Hess Corporation (NYSE: HES) today reported an adjusted net loss, which excludes items affecting comparability, of $396 million or $1.40 per common share, for the fourth quarter of 2015 compared with ...

BG Group and Keppel to fuel ships with LNG in Singapore
Posted On Jan 27 ,2016 - 01:37-PM | by admin

BG Group and Keppel Offshore & Marine, have secured the license to supply LNG bunker to vessels in the Port of Singapore after submitting a joint bid to the Maritime and Port Authority of Singapore. W...

Neste and AS Tallink Grupp to continue and deepen strategic partnership in 2016
Posted On Jan 27 ,2016 - 01:26-PM | by admin

Neste and AS Tallink Grupp have agreed to continue their partnership agreement, according to which Neste supplies low-sulfur marine fuel to Tallink Grupp's ferries calling at ports in Finland. ...

Reasons Why Oil Investors Should Hang On
Posted On Jan 27 ,2016 - 01:33-PM | by admin

Inventories will continue to rise, but the momentum is slowing. 9 reasons why oil has taken so long to bottom: 1. OPEC increased production in 2015 to multiyear highs, principall...

Chevron Announces First Gas from the Chuandongbei Project in Southwest China
Posted On Jan 27 ,2016 - 01:47-PM | by admin

Chevron Corporation (NYSE:CVX) announced today that its fully-owned subsidiary Unocal East China Sea, Ltd. began natural gas production from the first stage of the Chuandongbei Project in southwest Ch...

Completion of 3D seismic survey on Guy Block, offshore Namibia
Posted On Jan 26 ,2016 - 01:44-PM | by admin

AziNam, the offshore Namibia focused exploration company, has completed a 3D seismic survey on PEL 34, the Guy Block, offshore Namibia. The Survey is located in the Walvis Basin and was conducted by P...

Amerisur announces acquisition of Platino Energy
Posted On Jan 26 ,2016 - 01:41-PM | by admin

Amerisur Resources, the oil and gas producer and explorer focused on South America, has announced the acquisition of Platino Energy (Barbados), a private company, from COG Energy for a total considera...

Sound Energy Announce Acquisition of Further Sidi Moktar Interest:
Posted On Jan 26 ,2016 - 01:25-PM | by admin

Sound Energy, the Mediterranean focused upstream gas company, is pleased to announce that it has reached heads of agreement with PetroMaroc Corporation Plc ("PetroMaroc") in respect of Sound Energy's ...

DONG Energy concludes strategic review of E&P business
Posted On Jan 26 ,2016 - 01:16-PM | by admin

In connection with the announcement of DONG Energy’s IPO roadmap on 18 September 2015, it was announced that DONG Energy would undertake a strategic review of the Exploration & Production (E&P) busi...

Hess Announces 2016 E&P Capital and Exploratory Budget
Posted On Jan 26 ,2016 - 01:04-PM | by admin

Hess Corporation (NYSE: HES) announced a 2016 E&P capital and exploratory budget of $2.4 billion, a 40 percent reduction from its 2015 actual spend of $4.0 billion and approximately 20 percent below p...

Royal Announces The WIRELESS Emergency Shutdown Device for the Oil & Gas Industry.
Posted On Jan 26 ,2016 - 01:48-PM | by admin

Royal Video & Communication Systems and Infinity Management LLC have partnered to provide the oil & gas industry with the latest technology in Emergency Shutdown Devices. The Wireless Emergency Sh...

Sales of Neste's renewable diesel begins in the Northern Italian Alps
Posted On Jan 26 ,2016 - 01:52-AM | by admin

Oil and energy company Tamoil has begun selling arctic diesel containing Neste's renewable diesel to its corporate customers in the northern Italian Alps region. Premium-quality "Gasolio Artico Tamoil...

Aker Solutions to Deliver FPSO Concept Study for Johan Castberg Field
Posted On Jan 26 ,2016 - 01:22-AM | by admin

Aker Solutions has secured an order from Statoil to provide a concept study for a floating production, storage and offloading facility for the Johan Castberg oil field development in the Barents Sea. ...

San Leon Energy announces Nigerian onshore production deal
Posted On Jan 25 ,2016 - 01:03-PM | by admin

San Leon Energy Plc (the “Company”), the AIM listed company focused on oil and gas exploration and production in Europe and Africa, announces its proposed entry into Nigerian onshore oil and gas p...

Ophir provides an update on Equatorial Guinea Farm in
Posted On Jan 25 ,2016 - 01:29-PM | by admin

Ophir has signed a non-binding Heads of Terms Agreement with Schlumberger whereby Schlumberger will, subject to due diligence, definitive documentation and Government approval, receive a 40% economic ...

MX Oil receives offer for Nigerian investment
Posted On Jan 25 ,2016 - 01:16-PM | by admin

Further to its announcement of 21 January 2016, MX Oil has provided an update in connection with its Nigerian investment and proposed fundraising. The Company previously announced that it had received...

CNOOC Limited Announces its 2016 Business Strategy and Development Plan
Posted On Jan 25 ,2016 - 01:32-PM | by admin

CNOOC Limited (the “Company”, SEHK: 00883, NYSE: CEO, TSX: CNU) announced its business strategy and development plan for the year 2016. The Company’s net production target for 2016 is in the ...

ExxonMobil’s Energy Outlook Projects Energy Demand Increase and Decline in Carbon Intensity
Posted On Jan 25 ,2016 - 01:16-PM | by admin

Global energy demand will increase 25 percent between 2014 and 2040, driven by population growth and economic expansion, ExxonMobil said today in the 2016 edition of The Outlook for Energy. At the sam...

Shareholders' Nomination Board's proposal for the composition of Neste's Board of Directors
Posted On Jan 25 ,2016 - 01:25-PM | by admin

The Shareholders' Nomination Board, established by Neste Corporation's Annual General Meeting (AGM) on 4 April 2013, will propose to the AGM to be held on 30 March 2016 that the company's Board of Dir...

Aker Solutions Starts Pioneering CO2-Capture Project in Norway
Posted On Jan 25 ,2016 - 01:59-PM | by admin

Aker Solutions today started a five-month test program to capture carbon emissions from the municipality-operated waste-to-energy Klemetsrud plant in Oslo, Norway. The project is the first of its k...

Will Oil Prices Rebound in 2016? Interview With Carl Larry
Posted On Jan 24 ,2016 - 01:25-PM | by admin

Oilprice.com recently spoke with Carl Larry, Director of Oil and Gas at Frost & Sullivan, a consultancy that conducts research on oil and gas markets, to get his thoughts on the state of oil in 2016. ...

BGP wins bidding of mega geophysical prospecting project in Saudi Arabia
Posted On Jan 22 ,2016 - 01:46-PM | by admin

On January 19, CNPC's affiliate BGP won the bidding of Saudi Aramco's S78 project for large-scale 3D transitional-zone seismic acquisition. The project has an operation period of 9 months + 1 year, wi...

GE to deliver 2.6 GW of power to major power plants in China
Posted On Jan 22 ,2016 - 01:29-PM | by admin

GE (NYSE: GE) announced two deals that will help meet the growing high-efficiency power needs in northern and central China under contracts with Huaneng Power International (HPI) and China Power Inter...

Wood Group strengthens commissioning capabilities through Magma collaboration
Posted On Jan 22 ,2016 - 01:20-PM | by admin

Wood Group has established a collaborative agreement with international engineering consultancy, Magma Products (Magma) to extend its existing commissioning service. Headquartered in Aberdeen and spec...

Wood Group wins Shell Prelude FLNG contract
Posted On Jan 22 ,2016 - 01:41-PM | by admin

Wood Group has secured a three year contract with Shell Australia’s Prelude, Floating Liquefied Natural Gas (FLNG) project. Perth-based Wood Group Kenny will provide specialist consultancy servic...

Schlumberger Announces Full-Year and Fourth-Quarter 2015 Results
Posted On Jan 22 ,2016 - 01:33-PM | by admin

Fourth-quarter revenue of $7.7 billion decreased 9% sequentially • Fourth-quarter EPS of $0.65, excluding charges and credits, declined 17% sequentially • Fourth-quarter restructuring and asset ...

CGG Conducts Multi-Client Airborne Gravity & Magnetic Survey Offshore South Africa
Posted On Jan 22 ,2016 - 01:14-PM | by admin

CGG has announced that it will commence a multi-client airborne gravity and magnetic survey offshore South Africa. The Petroleum Agency of South Africa (PASA) has authorized the program which will ext...

Oslo Airport the first in the world to offer Neste's renewable aviation fuel
Posted On Jan 22 ,2016 - 01:09-PM | by admin

Oslo Airport Gardermoen is the world's first airport to offer renewable aviation fuel refined by Neste for refueling airplanes. Lufthansa, SAS and KLM have already announced that they will be refuelin...

PanTerra, Azuren and EOR Laboratory Services (ELS) have joined forces
Posted On Jan 21 ,2016 - 01:20-PM | by admin

Anca Vasiliu PanTerra Geoconsultants, Azuren and EOR Laboratory Services announce merger completion PanTerra Geoconsultants B.V, Azuren B.V. and EOR Laboratory Services B.V. (ELS) announced a defini...

Noble Energy Announces Successful Early Tender Results
Posted On Jan 21 ,2016 - 01:52-PM | by admin

Noble Energy, Inc. ("Noble Energy" or "the Company") (NYSE: NBL) announced the early tender results for its previously announced tender offers to purchase up to approximately $1.4 billion aggregate pr...

IMF Executive Board Initiates Selection Process for Next Managing Director
Posted On Jan 21 ,2016 - 01:19-AM | by admin

The Dean of the Executive Board of the International Monetary Fund (IMF), Mr. Aleksei Mozhin, made the following statement today: “I am very pleased to announce that the Executive Board has ado...

Neste listed among world's most sustainable businesses in the Global 100 list
Posted On Jan 21 ,2016 - 01:00-AM | by admin

For the tenth time, Neste has been chosen as one of the world's top 100 most sustainable corporations and included in the Global 100 list. In 2016, Neste ranked 39th on the list. Neste has made the li...

Total transfers 20% interest and operatorship of Kharyaga to Zarubezhneft
Posted On Jan 21 ,2016 - 01:23-AM | by admin

Total and Zarubezhneft have agreed to adjust their participation in the Kharyaga Production Sharing Agreement whereby Total will transfer a 20% interest together with operatorship to Zarubezhneft. Fol...

International Monetary Fund (IMF), issues statement today in Washington
Posted On Jan 20 ,2016 - 01:02-PM | by admin

Mr. Gerry Rice, Director of Communications at the International Monetary Fund (IMF), issued the following statement today in Washington: “Today the Executive Board of the IMF approved an importan...

Gazprom and Shell address strategic projects
Posted On Jan 20 ,2016 - 01:05-PM | by admin

Alexey Miller, Chairman of the Gazprom Management Committee met with Harry Brekelmans, Maarten Wetselaar and Ronan Cassidy, Members of the Executive Committee of Shell in St. Petersburg. The partie...

Mart Resources announce December 2015 production and Issue operations update
Posted On Jan 20 ,2016 - 01:36-PM | by admin

Mart Resources, Inc. (TSX: MMT) (“Mart” or the “Company”) and its coventurers,Midwestern Oil and Gas Company Limited (“Midwestern”, Operator of the Umusadege field) and SunTrust Oil Compan...

Ironhorse Oil & Gas Inc. announces shut-in production due to low oil and gas prices
Posted On Jan 20 ,2016 - 01:21-PM | by admin

Ironhorse Oil & Gas Inc. ("Ironhorse" or the "Company") (TSX-V:IOG), advises that the operator of the Nisku L2L Pool (the "Pool") has informed Ironhorse that the operator intends to shut-in production...

Sterling Resources announces operational and corporate update
Posted On Jan 20 ,2016 - 01:02-PM | by admin

Sterling Resources Ltd. (TSX-V: SLG) (“Sterling” or the “Company” and together with its subsidiaries the “Group“) announces an update on certain operational matters and on plans to redeem ...

Deepsea Stavanger Awarded Drilling Contract with JX Nippon
Posted On Jan 20 ,2016 - 01:58-PM | by admin

JX Nippon Exploration and Production (U.K.) Limited (“JX Nippon”) has awarded Odfjell Drilling’s semi‐submersible Deepsea Stavanger a contract for drilling one exploration well located West of...

Paradigm Extends the Reach of its Well Planning and Drilling Engineering Offering with Sysdrill 10.5
Posted On Jan 20 ,2016 - 01:12-PM | by admin

Paradigm® announced the release of Paradigm Sysdrill® 10.5, the latest version of its integrated suite of well planning and drilling engineering applications. This upgrade represents the continued P...

CME Group Announces Record Eurodollar Options Volume
Posted On Jan 20 ,2016 - 01:28-PM | by admin

CME Group, the world's leading and most diverse derivatives marketplace, today announced it reached a trading volume record for Eurodollar options yesterday, January 19, of 4,279,584 contracts, surpas...

ANH, Colombia revokes Range Resources' exploration blocks
Posted On Jan 20 ,2016 - 01:46-PM | by admin

Range advises that it has received a notice from Agencia Nacional de Hidrocarburos (“ANH”), National Hydrocarbons Agency of Colombia, which states that the licences over the three exploration blo...

Mubadala Petroleum and PEMEX Sign Memorandum of Understanding and Cooperation
Posted On Jan 20 ,2016 - 01:47-PM | by admin

Mubadala Petroleum, a wholly-owned subsidiary of Mubadala Development Company (Mubadala), and Petróleos Mexicanos (PEMEX) have signed an agreement, in the presence of H.H. Sheikh Mohammed Bin Rashid ...

Eco Atlantic Granted Petroleum Prospecting License Offshore Guyana In Partnership With Tullow
Posted On Jan 20 ,2016 - 01:44-AM | by admin

Eco (Atlantic) Oil & Gas Ltd. (“Eco Atlantic” or the “Company”) (TSX-V:EOG, NSX:EOG) announced that, through its subsidiary, Eco (Atlantic) Guyana Inc. (“Eco Guyana”), it has been issued a...

Eni Board approves bond issue
Posted On Jan 19 ,2016 - 01:39-PM | by admin

Eni's Board of Directors today approved the possible issue of one or more bonds, to be placed with institutional investors, with a value up to a maximum aggregate amount of 2 billion euro, or its equi...

IMF Cuts World Growth Forecast
Posted On Jan 19 ,2016 - 01:40-PM | by admin

Weak Pickup in Global Growth, with Risks Pivoting to Emerging Markets

  1. Global growth forecast revised down—3.4 percent in 2016 and 3.6 percent in 2017
  1. Emergi...

CME Group Announces the Launch of Six New WTI Houston (Argus) Crude Oil Futures Contracts
Posted On Jan 19 ,2016 - 01:30-PM | by admin

CME Group, the world's leading and most diverse derivatives marketplace, today announced the launch of six new West Texas Intermediate (WTI) Houston (Argus) Crude Oil futures contracts. These new cas...

Occidental Petroleum and Ecuador Reach Understanding on Terms of Payment of ICSID Award
Posted On Jan 19 ,2016 - 01:33-PM | by admin

Occidental Petroleum Corporation (NYSE:OXY) announced that it has reached an understanding on the terms of payment for the amount payable to Occidental by the Republic of Ecuador under a November 2015...

Statoil awarded highest number of licences since 2005
Posted On Jan 19 ,2016 - 01:32-PM | by admin

In the Awards in Predefined Areas (APA) round 2015, Statoil has been awarded interest in 24 licences on the Norwegian continental shelf (NCS), 13 of those as operator and 11 as partner.

World Economic Forum Opens Its Doors to the Public at 14th “Open Forum”
Posted On Jan 19 ,2016 - 01:19-PM | by admin

The impact of the refugee crisis, artificial intelligence, international security and alternative economic growth strategies are among the topics for discussion at the Open Forum Davos 2016, held in p...

Chevron Agree to supply 0.5 million metric tons annually for 10 years from the Gorgon Project to China
Posted On Jan 19 ,2016 - 01:45-AM | by admin

Chevron Corporation (NYSE:CVX) announced that its Australian subsidiaries have signed a non-binding Heads of Agreement (HoA) with ENN LNG Trading Company Limited (ENN) for the delivery of liquefied na...

Neste Launches Premium-grade engine oil for Volvo passenger cars
Posted On Jan 19 ,2016 - 01:35-AM | by admin

Neste City Pro 0W-20 engine oil has been issued the official VCC RBS0-2AE 0W-20 approval for use as engine oil in Volvo passenger cars. The product meets Volvo's strict requirements for engine oil qua...

Cairn provides operations update and guidance in respect of the Group’s trading performance in 2015
Posted On Jan 19 ,2016 - 01:50-AM | by admin

Cairn intends to announce its preliminary results for the year to 31 December 2015 on Tuesday 15 March 2016. In advance of these results, Cairn is providing information on recent oper...

Eni announce redemption of the €1,250,000,000 0.625 per cent. bonds exchangeable into Snam shares due January 18, 2016
Posted On Jan 18 ,2016 - 01:42-PM | by admin

Eni announces that, in accordance with the terms and conditions of the €1,250,000,000 0.625% bonds exchangeable into ordinary shares of Snam S.p.A. (“Snam‘), issued in January 2013 and expired t...

Mosman provides Officer Basin Update
Posted On Jan 18 ,2016 - 01:35-PM | by admin

Mosman Oil and Gas (AIM: MSMN), the New Zealand and Australia focused oil exploration and development company provided an update in respect of its Officer Basin application for an exploration project....

Baron Oil Provides Block XXI Peru - Seismic Acquisition Update
Posted On Jan 18 ,2016 - 01:57-PM | by admin

The Board of Baron updated its shareholders on the progress of the seismic acquisition programme and the results of our initial interpretation of the newly acquired seismic data. After some weather...

3D Seismic Programme Commenced, Namibia
Posted On Jan 18 ,2016 - 01:24-PM | by admin

Chariot Oil & Gas Limited (AIM: CHAR), the Atlantic margins focused oil and gas exploration company, today announces that in conjunction with its partners AziNam (20%), NAMCOR (10%) and Ignitus (5%), ...

Monthly Oil Market Report
Posted On Jan 18 ,2016 - 01:59-PM | by admin

Opec has forecast that supplies from competitors will fall more steeply than expected this year due to the collapse in oil prices. Supply outside the Organization of the Petroleum Exporting Countrie...

Shell exits development of Bab sour gas reservoirs
Posted On Jan 18 ,2016 - 01:13-PM | by admin

Following a careful and thorough evaluation of technical challenges and costs, Shell has decided to exit the joint development of the Bab sour gas reservoirs with ADNOC in the emirate of Abu Dhabi, an...

Seventh Annual Oil & Gas Global Salary Guide
Posted On Jan 18 ,2016 - 01:05-AM | by admin

Oil and gas employers predict modest growth in headcount during 2016, however, skills shortages and recruitment issues are looming due to the number of workers having left the industry during the down...

BG Group Introduce Blue Amazon: the LNG ship of the future
Posted On Jan 18 ,2016 - 01:57-AM | by admin

An innovative project to optimise LNG ship hull forms is set to reduce emissions and save significant amounts of fuel for LNG vessel operators. On the shores of the Amazônia Azul – or Blue Amazo...

$46 Million in Loans Announced for Four Renewable Energy Projects in Africa, Caribbean
Posted On Jan 18 ,2016 - 01:30-AM | by admin

The International Renewable Energy Agency (IRENA) and the Abu Dhabi Fund for Development (ADFD) today announced USD 46 million in concessional loans for four renewable energy projects in developing co...

Emerson to Automate Tahrir Petrochemicals Project in Egypt
Posted On Jan 18 ,2016 - 01:18-AM | by admin

Emerson (NYSE: EMR) and Carbon Holdings, the privately owned Egyptian petrochemical firm, announced that Emerson Process Management has been selected to provide automation and reliability technologies...

Eni research Announce Eni Diesel +
Posted On Jan 16 ,2016 - 01:10-PM | by admin

The efforts of Eni’s research activities have led to Eni Diesel +, the new fuel with a 15% renewable component, produced from plant oils in Eni’s Venice refinery using the Ecofining™ technology....

War Between Saudi Arabia And Iran Could Send Oil Prices To $250
Posted On Jan 15 ,2016 - 01:38-PM | by admin

The rift between Saudi Arabia and Iran has quickly ballooned into the worst conflict in decades between the two countries. The back-and-forth escalation quickly turned the simmering tension into a...

Neste Jacobs to deliver Neste's Porvoo refinery a full scale Operator Training Simulator for core process units
Posted On Jan 15 ,2016 - 01:53-PM | by admin

Neste Jacobs, a technology, engineering and project management company and Neste, Baltic region's leading refiner and distributer of oil products and the world's largest producer of renewable fuels, h...

Neste's renewable diesel will be used in Super Bowl City fan village
Posted On Jan 15 ,2016 - 01:27-PM | by admin

As part of one of the world's biggest sporting spectacles, The Super Bowl City fan village has been planned as a "Net Positive" event. This Net Positive commitment recognizes that as well as reducing ...

Aker Solutions Repositions MMO Business in Norway
Posted On Jan 15 ,2016 - 01:01-PM | by admin

Aker Solutions today notified employees in its maintenance, modifications and operations (MMO) unit across Norway of necessary steps to reposition the business and enhance competitiveness in a market...

Wholesale Gas and Power Prices Fall Further with Mild Winter
Posted On Jan 14 ,2016 - 01:16-PM | by admin

The ICIS Power Index 2015 analysis shows UK gas and power price levels losing more value during the Q4 winter months Wholesale UK gas and electricity prices have weakened further with a mild winte...

Roxi Petroleum Issues Operational Update
Posted On Jan 14 ,2016 - 01:01-PM | by admin

Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update the market with progress at its flagship asset BNG as follows:

    Shallow Wells
...

Wentworth Resources Updates on Mnazi Bay Operation
Posted On Jan 14 ,2016 - 01:34-PM | by admin

Wentworth, the Oslo Stock Exchange (OSE: WRL) and AIM (AIM: WRL) listed independent, East Africa-focused oil & gas company, provided an operational update on its producing gas assets in Mnazi Bay, Tan...

Gulfsands Announce Result of Open Offer
Posted On Jan 14 ,2016 - 01:54-PM | by admin

Gulfsands Petroleum Plc ("Gulfsands" or the "Company"), the AIM listed oil and gas exploration company (AIM:GPX) with activities in Syria, Morocco, Tunisia and Colombia, announces the results of the r...

Sound Energy Announce Acquisition of Sidi Moktar
Posted On Jan 14 ,2016 - 01:10-AM | by admin

Sound Energy announced that it has entered into a binding agreement with Maghreb Petroleum Exploration S.A. ("MPE") for the purchase of MPE's 25% working interest in three onshore gas permits located ...

Bahamas Petroleum Announce Company Update & 2016 Outlook
Posted On Jan 14 ,2016 - 01:16-AM | by admin

Bahamas Petroleum Company, the oil and gas exploration company with significant prospective resources in licences in The Commonwealth of The Bahamas, is pleased to provide the following update.

Statoil announces acquisition of minority shareholding in Lundin Petroleum
Posted On Jan 14 ,2016 - 01:12-AM | by admin

Statoil ASA (OSE: STL, NYSE: STO) has acquired 37,101, 561 shares in Lundin Petroleum AB (publ.), corresponding to 11.93 percent of the shares and votes, at a total purchase price of approximately SEK...

IMF Executive Board Completes Second ECF Review for Ghana
Posted On Jan 13 ,2016 - 01:51-PM | by admin

The Executive Board of the International Monetary Fund (IMF) today completed the second review of Ghana’s economic performance under the program supported by an Extended Credit Facility (ECF) arrang...

Intelligent Pipeline Solution, from GE and Accenture
Posted On Jan 13 ,2016 - 01:21-PM | by admin

GE and Accenture (NYSE: ACN) have announced that Columbia Pipeline Group (CPG) is the first company to deploy the Intelligent Pipeline Solution, a breakthrough software solution that helps pipeline op...

Premier Announces Proposed Acquisition of UK North Sea Assets from E.ON
Posted On Jan 13 ,2016 - 01:09-PM | by admin

Premier Oil today announces it has agreed to acquire the whole of E.ON’s UK North Sea assets for a net consideration of $120 million plus working capital adjustments. The proposed acquisition, which...

Energy Industry to Face a $100 billion-plus Cash-flow Gap in 2016, Says AlixPartners Study
Posted On Jan 13 ,2016 - 01:15-PM | by admin

The year 2016 will likely be another year of low oil prices and deteriorating energy-industry revenues and profits, turning it into a watershed for the already-troubled industry, including for the mor...

Aminex signs gas sales agreement with Tanzania Petroleum Development Corporation
Posted On Jan 13 ,2016 - 01:11-AM | by admin

Aminex announced that it has executed a fully-termed Gas Sales Agreement (“GSA”) with the Tanzania Petroleum Development Corporation (“TPDC”) for its Kiliwani North gas field, which moves the ...

African Petroleum Corporation Limited Outlines Objectives for 2016
Posted On Jan 13 ,2016 - 01:53-AM | by admin

Complete further farm-out transactions during H1 2016 to fund forward well drilling programme for next 18 – 24 months

  1. Strengthen financial position through successful farm-outs: contri...

Dana Gas Announces New Senior Management Appointments
Posted On Jan 13 ,2016 - 01:16-AM | by admin

Dana Gas PJSC (“Dana Gas” or the “Company”), the Middle East's leading publicly listed natural gas company, has announced the following key senior management appointments. Chris Hea...

Tullow Oil plc Announce Trading Statement & Operational Update
Posted On Jan 13 ,2016 - 01:53-AM | by admin

Tullow Oil plc (Tullow) issues this statement to summarise recent operational activities and to provide trading guidance in respect of the financial year to 31 December 2015. This is in advance of th...

CNPC and CASC sign strategic cooperation agreement
Posted On Jan 12 ,2016 - 01:55-AM | by admin

China National Petroleum Corporation (CNPC) and China Aerospace Science and Technology Corporation (CASC) signed a strategic cooperation agreement in Beijing. According to the agreement, CNPC and ...

Africa Oil Receives Kenyan Government Approval of Maersk Oil Farm In
Posted On Jan 12 ,2016 - 01:10-AM | by admin

Africa Oil Corp.(TSX:AOI)(OMX:AOI) reports that the previously announced (November 9, 2015) farmout with Maersk Olie og Gas A/S ("Maersk") has received approval from the Government of Kenya. According...

Serimax and Technip, to enter into a strategic partnership for pipeline welding
Posted On Jan 12 ,2016 - 01:15-AM | by admin

Serimax, a Vallourec subsidiary, a world leader in offshore & onshore welding solutions, and Technip, a world leader in project management, engineering and construction for the energy industry, signed...

Condor Petroleum to acquire Marsa Energy
Posted On Jan 11 ,2016 - 01:18-PM | by admin

Condor Petroleum and Marsa Energy have entered into an agreement that provides for the acquisition of Marsa by Condor, to create a well-capitalized company with significant exploration and development...

Songa Offshore Announce December 2015 fleet update
Posted On Jan 11 ,2016 - 01:00-PM | by admin

Songa Dee achieved an operational efficiency of 100% and an earnings efficiency of 98% working for Statoil in Norway. Songa Delta achieved an operational efficiency of 100% and an earnings efficiency...

China’s clean energy demand will attract investors – AAG Energy
Posted On Jan 11 ,2016 - 01:20-PM | by admin

If there is one reason for investing in China right now, it would be China’s strong long term demand for clean natural gas. So say AAG Energy senior executives Pierce Li and Carl Lakey, whose compa...

Eni starts production of Mpungi offshore field at the West Hub Development in Angola
Posted On Jan 11 ,2016 - 01:21-AM | by admin

Eni has started production from the Mpungi field in the West Hub Development Project, within Block 15/06 of the Angolan Deep Offshore, approximately 350 kilometres northwest of Luanda and 130 kilometr...

Crescent Point Energy announces 2016 capital expenditures plan
Posted On Jan 08 ,2016 - 01:23-PM | by admin

Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX and NYSE: CPG) to announced its capital expenditures plans for 2016. Crescent Point expects to spend between $950 millio...

Kongsberg Oil & Gas Technologies signs contract with Wintershall
Posted On Jan 08 ,2016 - 01:25-PM | by admin

Kongsberg Oil & Gas Technologies AS (KONGSBERG) has been awarded a 3-year contract by Wintershall Holding GmbH for provision of its hosted SiteCom® real-time data aggregation and visualisation soluti...

TGS announces Q4 2015 revenue of approximately 131 MUSD
Posted On Jan 08 ,2016 - 01:50-PM | by admin

Based on a preliminary review of sales and investments, TGS provides the following update on Q4 2015:

  • Q4 2015 net operating revenues of approximately 131 MUSD, down 56% from Q4 2014
  • <...

    Frontier Resources Announce Operational Update
    Posted On Jan 08 ,2016 - 01:21-PM | by admin

    The Board of Frontier (AIM: FRI), the onshore oil and gas explorer with assets in Oman, Zambia and Namibia provided shareholders with the following operational update on its activities in the Sultanat...

    Statoil signing new agreements with OneSubsea and Aker Solutions
    Posted On Jan 08 ,2016 - 01:19-PM | by admin

    Statoil Petroleum AS has signed Master Service Agreements with Aker Solutions ASA and OneSubsea Processing AS. The agreements signed form the basis for potential new EPC contracts (engineering, pro...

    Lundin completes Imbok exploration well, offshore Malaysia
    Posted On Jan 08 ,2016 - 01:22-PM | by admin

    Lundin Petroleum AB (Lundin Petroleum) announces that its wholly owned subsidiary Lundin Malaysia BV (Lundin Malaysia) has completed the Imbok-1 exploration well in Block SB307/308, offshore East Mala...

    Lundin commences Bambazon exploration well, offshore Malaysia
    Posted On Jan 08 ,2016 - 01:20-PM | by admin

    Lundin Petroleum AB (Lundin Petroleum) announced that its wholly owned subsidiary Lundin Malaysia BV (Lundin Malaysia) has commenced drilling of the Bambazon exploration well in Block SB307/SB308, off...

    Technip awarded contract by Air Products
    Posted On Jan 08 ,2016 - 01:25-PM | by admin

    Technip was awarded a contract by Air Products to provide technology, engineering and procurement services for a grassroots hydrogen plant in Baytown, Texas, USA. The 3.5 million standard cubic me...

    China heading towards oversupply of natural gas
    Posted On Jan 08 ,2016 - 01:18-PM | by admin

    Zarko Arsov, senior associate at Taylor DeJongh, believes projected supply and demand trends suggest China could face a potentially-significant oversupply of natural gas by 2020, especially if the cou...

    LNG Canada Receives BC Oil and Gas Commission Permit
    Posted On Jan 07 ,2016 - 01:02-PM | by admin

    LNG Canada announced that the BC Oil and Gas Commission (OGC) has issued an LNG Facility Permit for the project, one of the key permits required for the construction and operation of the proposed LNG ...

    Buru Energy provides weekly update on drilling operations at the Ungani Far West-1 appraisal well.
    Posted On Jan 07 ,2016 - 01:54-AM | by admin

    Since the last progress report, the well has been drilled ahead in 6-1/8” (156mm) hole to the current depth of 2,316 metres in the interpreted shale formation overlying the Ungani Dolomite. A trip o...

    Wood Group wins PetroRio contract in Brazil
    Posted On Jan 07 ,2016 - 01:43-AM | by admin

    Wood Group has been awarded a new contract by PetroRio to deliver services to the Polvo A platform, in the southern Campos basin, approximately 100 kilometres off the coast of Rio de Janeiro. Integrat...

    IMF Managing Director Christine Lagarde Concludes Visit to Nigeria
    Posted On Jan 07 ,2016 - 01:03-AM | by admin

    Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement in Abuja today at the conclusion of her visit to Nigeria: “My visit to Nigeria ha...

    Noble Energy Enhances Financial Flexibility With Debt Refinancing
    Posted On Jan 07 ,2016 - 01:41-AM | by admin

    Noble Energy, Inc. ("Noble Energy" or "the Company") (NYSE: NBL) today announced a series of transactions, consisting of a new term loan and cash tender offers for certain outstanding notes, which col...

    Speech by IMF Managing Director, Christine Lagarde, to the Nigerian National Assembly
    Posted On Jan 06 ,2016 - 01:01-PM | by admin

    Honorable Speaker of the House, Honorable Members of Parliament, Honorable Members of the Government, Ladies and Gentlemen, Good morning—and—Happy New Year! I would like to thank you for t...

    Saudi-Iran Dispute Won't Cause Lasting Oil Price Rally
    Posted On Jan 06 ,2016 - 01:36-AM | by admin

    Oil prices jumped on the first trading day of 2016 as Middle East tension outweighed a selloff in financial markets around the world. Oil markets remain oversupplied and depressed, but geopolitica...

    Hyperdynamics Announces Partner Impasse and Failure by Tullow to Resume Petroleum Operations Offshore Guinea
    Posted On Jan 06 ,2016 - 01:19-AM | by admin

    Hyperdynamics Corporation (OTCQX:HDYN) announced an impasse in plans to resume petroleum operations and move forward with drilling an exploratory well under the Joint Operating Agreement governing th...

    Oyster Oil Commences Airborne Survey in Djibout
    Posted On Jan 06 ,2016 - 01:14-AM | by admin

    Oyster Oil and Gas Ltd. ("Oyster" or the "Company") announced that it had commenced an airborne survey in the Republic of Djibouti. The survey is being conducted by Bridgeporth Holdings Ltd, a UK b...

    Statoil Awards contract for new tank cleaning technology
    Posted On Jan 06 ,2016 - 01:05-AM | by admin

    Statoil has long been looking for a way to make tank cleaning on supply vessels safer and more effective. M-I SWACO has developed a new technological solution and has now been awarded a contract with...

    Paradigm Extends its High-definition Workflows in the Paradigm 15.5 Release
    Posted On Jan 05 ,2016 - 01:48-PM | by admin

    Paradigm® announces the release of its Paradigm® 15.5 comprehensive solution suite aimed at extending its high-definition subsurface workflows and enhancing user productivity. Paradigm 15.5 reinfor...

    African Petroleum Corporation Limited Shares De-Listed from the NSX
    Posted On Jan 05 ,2016 - 01:57-PM | by admin

    African Petroleum, an independent oil and gas exploration company operating ten licences in five countries offshore West Africa, advises that further to its announcement on 22 December 2015 the Compan...

    Egdon Resources Announce Directorate Changes
    Posted On Jan 05 ,2016 - 01:29-PM | by admin

    Egdon Resources plc (AIM:EDR) announced the appointment of Paul Jenkinson as a Non-Executive Director of the Company with immediate effect. Paul is Chief Executive Officer of Alkane Energy plc, which ...

    Solo Oil Announce Final Flow Test Consent
    Posted On Jan 05 ,2016 - 01:00-PM | by admin

    Solo Oil PLC announced that it has been notified by Horse Hill Developments Limited ("HHDL") that the Oil and Gas Authority has granted consent for an extended flow test over three separate intervals ...

    Gulfsands granted Chorbane Licence extension
    Posted On Jan 05 ,2016 - 01:02-PM | by admin

    Gulfsands Petroleum (GPX) has announced that, following the favourable opinion of the Comite Consultatif des Hydrocarbures made in August 2015 to extend the duration of validity of the first renewal p...

    Eland Oil & Gas Announce Board Changes
    Posted On Jan 05 ,2016 - 01:59-PM | by admin

    Eland Oil & Gas PLC (AIM:ELA), the oil and gas production, development and exploration company operating in West Africa with a principal focus on Nigeria, announces today several changes to its Board ...

    CME Group Volume Averaged a Record 14 Million Contracts per Day in 2015
    Posted On Jan 05 ,2016 - 01:41-PM | by admin

    CME Group, the world's leading and most diverse derivatives marketplace, today announced that full-year 2015 volume averaged a record 13.9 million contracts per day, up 2 percent from 2014, and includ...

    Equatorial Guinea to host Hydrocarbons & Industry Forum in India to Promote Investment Opportunities
    Posted On Jan 05 ,2016 - 01:57-PM | by admin

    The Ministry of Mines, Industry and Energy of Equatorial Guinea will host a 1-day forum in New Delhi to promote investment opportunities in its energy, hydrocarbons and industrial sectors. The Equator...

    Woodside Discovers Gas Offshore Myanmar
    Posted On Jan 05 ,2016 - 01:53-AM | by admin

    Woodside Petroleum Ltd. advises that the Shwe Yee Htun-1 exploration well in Block A-6 in the Rakhine Basin, located in the western offshore area of Myanmar, has intersected a gross gas column of appr...

    Statoil awarding contracts for insulation, scaffolding and surface treatment
    Posted On Jan 05 ,2016 - 01:28-AM | by admin

    Statoil has awarded two new, long-term contracts with estimated value of NOK 11 billion for insulation, scaffolding and surface treatment services to Beerenberg Corp AS and Prezioso Linjebygg AS. T...

    ExxonMobil Contributes to North Texas Tornado Recovery and Relief Efforts
    Posted On Jan 04 ,2016 - 01:30-PM | by admin

    Exxon Mobil Corporation (NYSE:XOM) announced today that it will donate $100,000 to the American Red Cross to provide disaster relief assistance in response to the recent tornadoes in north Texas. ...

    Clough AMEC awarded brownfield services contract for Bayu-Undan, Timor Sea
    Posted On Jan 04 ,2016 - 01:14-PM | by admin

    Amec Foster Wheeler announced that its Clough AMEC joint venture has been awarded a three year contract by ConocoPhillips to provide asset support, operations and maintenance services to the Bayu-Unda...

    Sound Energy & Schlumberger Announce Field Management Agreement
    Posted On Jan 04 ,2016 - 01:18-AM | by admin

    Sound Energy, the European / Mediterranean focused upstream oil and gas company is pleased to announce, further to the memorandum of understanding and term sheet previously signed with Schlumberger, t...

    IMF Managing Director to Visit Nigeria and Cameroon
    Posted On Jan 04 ,2016 - 01:59-AM | by admin

    Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), will visit Nigeria and Cameroon during January 4–9, 2016, to engage with policy makers and other stakeholders in bo...

    Cairn Announce Successful Senegal Appraisal Well
    Posted On Jan 04 ,2016 - 01:45-AM | by admin

    Cairn announced the successful testing of the SNE-2 appraisal well offshore Senegal with positive results. Operations have been safely and successfully completed following drilling, coring, logging an...

    Zion Oil & Gas Extends the Stock Unit Option Program
    Posted On Dec 31 ,2015 - 12:06-PM | by admin

    Zion Oil & Gas, Inc. (NASDAQ GM: ZN) (“Zion”) announced that under our Dividend Reinvestment and Common Stock Purchase Plan (“DSPP” or the “Plan”), we are extending the Unit Option under t...

    Statoil Announce Fatality on board COSL rig
    Posted On Dec 31 ,2015 - 12:15-PM | by admin

    It is with great sadness that Statoil and COSL have received confirmed information from the police that one person has died as a result of the breaking wave that hit the drilling rig COSL Innovator to...

    Statoil completes transactions with Repsol in Norway and US
    Posted On Dec 31 ,2015 - 12:59-PM | by admin

    Statoil and Repsol have completed two of the transactions announced on 11 December 2015: Statoil has farmed down to Repsol a 15% interest in the Gudrun field on the Norwegian Continental Shelf. Stato...

    Keel Layed for DOT Shipping’s New Large CSV Tampamachoco I
    Posted On Dec 31 ,2015 - 12:03-PM | by admin

    The keel has been laid for DOT Shipping’s new large offshore construction support vessel that is under construction. Keel laying is, besides launching, commissioning and decommissioning, one of the...

    First gas from the Corrib field
    Posted On Dec 30 ,2015 - 12:33-PM | by admin

    Operator Shell announced today that gas production has started from the Corrib field off the northwest coast of Ireland. Statoil holds a 36.5% participating interest in the field. The Corrib gas fi...

    Gazprom’s Board approves Investment Program, Budget and Cost Reduction Program for 2016
    Posted On Dec 30 ,2015 - 12:18-PM | by admin

    The Gazprom Board of Directors took notice of the information about the Company's preliminary operating results for 2015, projected Investment Program, Budget (Financial Plan) and Cost Optimization (R...

    Zion Oil & Gas Announce approval of their exploratory Drilling Request
    Posted On Dec 30 ,2015 - 12:41-PM | by admin

    Zion Oil & Gas, Inc. (NASDAQ: ZN) (“Zion”) announced that on December 21st in the city of Nazareth, Israel’s Northern District Committee held a formal, non-public meeting during which committee ...

    $10 Trillion Investment Needed To Avoid Massive Oil Price Spike Says OPEC
    Posted On Dec 30 ,2015 - 12:36-PM | by admin

    OPEC says that $10 trillion worth of investment will need to flow into oil and gas through 2040 in order to meet the world’s energy needs. The OPEC published its World Oil Outlook 2015 (WOO) in ...

    GE Oil & Gas Signs Contractual Service Agreement with PT Donggi-Senoro LNG
    Posted On Dec 28 ,2015 - 12:09-PM | by admin

    GE Oil & Gas announced the signature of a Contractual Service Agreement with the Asian energy company PT Donggi Senoro LNG (“DSLNG”). The deal will see GE Oil & Gas provide full package services a...

    African Petroleum Announce NSX Delisting – Shares Suspended
    Posted On Dec 23 ,2015 - 12:41-PM | by admin

    African Petroleum, an independent oil and gas exploration company operating ten licences in five countries offshore West Africa, advises that in accordance with the special resolution passed at the Co...

    Chairman of Libya's National Oil Corporation, meets Eni's CEO
    Posted On Dec 23 ,2015 - 12:24-PM | by admin

    The Chairman of the Libyan National Oil Corporation (NOC), Mustafa Sanalla met Eni’s CEO, Claudio Descalzi in Rome. The meeting focused on the outlook for development of the oil sector in Libya. ...

    Chevron and China Huadian Sign Heads of Agreement for Long Term LNG Supply
    Posted On Dec 23 ,2015 - 12:24-PM | by admin

    Chevron Corporation (NYSE: CVX) announced that its wholly-owned subsidiary, Chevron U.S.A. Inc., has signed a non-binding liquefied natural gas (LNG) supply Heads of Agreement (HOA) with China Huadian...

    Oceanteam Shipping ASA - Announces Corporate Name Change To Oceanteam ASA
    Posted On Dec 21 ,2015 - 12:59-PM | by admin

    As a result of the successful implementation of the Company's diversification strategy, Oceanteam Shipping ASA as of today has changed its name to Oceanteam ASA, reflecting the Company's growth in sol...

    Statoil Commences Construction Work for the Power-from-Shore Solution.
    Posted On Dec 21 ,2015 - 12:13-PM | by admin

    The mayor from the municipality of Tysvær in Rogaland, Sigmund Lier, pushed the button to set off one of the explosive charges at Haugsneset yesterday. The event marked the start of construction work...

    African Petroleum Signs New PSC with Ophir Energy
    Posted On Dec 21 ,2015 - 12:12-PM | by admin

    African Petroleum, an independent oil and gas exploration company operating ten licences in five countries offshore West Africa, is pleased to announce that it has entered into a new Production Sharin...

    Re-instatement of US Blender's Tax Credit supports Neste's result
    Posted On Dec 21 ,2015 - 12:18-PM | by admin

    On 18 December 2015, the US Blender's Tax Credit (BTC) was approved retroactively for the year 2015 and prospectively for 2016. In the US qualified biofuel blenders are eligible for a Blender's Tax Cr...

    KCA Deutag’s Offshore and RDS businesses awarded major contracts
    Posted On Dec 18 ,2015 - 12:13-PM | by admin

    Leading global drilling and engineering contractor, KCA Deutag, announced that it has been awarded two contracts with BP Exploration (Caspian Sea) Limited ("BP").

    These contracts have...

    Total Launches a “Plant 4.0” Corporate Incubator
    Posted On Dec 18 ,2015 - 12:01-AM | by admin

    Total is launching a “Plant 4.0” corporate incubator to support deployment of digital technologies in its industrial activities. Digital innovations — sensors, automation, big data, the Inter...

    Aker Solutions and Saipem to Cooperate on Subsea Projects
    Posted On Dec 18 ,2015 - 12:58-AM | by admin

    Aker Solutions and Saipem agreed to cooperate on targeted subsea oil and gas development projects worldwide. The companies will through a joint work group identify opportunities where they can crea...

    BG Announce Lake Charles LNG project receives FERC approval
    Posted On Dec 18 ,2015 - 12:58-AM | by admin

    BG Group (LSE: BG.L) announced that the Lake Charles LNG export project has received approval from the US Federal Energy Regulatory Commission (FERC) to construct and operate a natural gas liquefactio...

    Gazprom and CNPC sign Agreement on Power of Siberia cross-border section
    Posted On Dec 18 ,2015 - 12:08-AM | by admin

    Alexey Miller, Chairman of the Gazprom Management Committee and Wang Yilin, Chairman of the Board of Directors of CNPC signed in Beijing, an Agreement to design and construct the cross-border section ...

    Statoil Announce Rig contract cancellation
    Posted On Dec 18 ,2015 - 12:20-AM | by admin

    Statoil has decided to cancel the contract with Transocean for the drillship Discoverer Americas. The drillship has been on contract with Statoil since 2009, supporting Statoil’s exploration acti...

    How Much Oil Is Needed To Power Santa's Sleigh?
    Posted On Dec 17 ,2015 - 12:08-PM | by admin

    Every year around the world, hundreds of millions of children wait anxiously for Santa Claus to arrive and bring presents and good cheer. But what if Santa never came? What if this year the reindeer a...

    EU Commission’s competition agency discontinues its investigation into potential manipulation of oil price benchmarks
    Posted On Dec 17 ,2015 - 12:20-PM | by admin

    In May 2013 the offices of Statoil were subject to an inspection by EFTA Surveillance Authority (ESA) on behalf of the EU Commission. The purpose was to investigate potential manipulation of the energ...

    Anadarko Provides Interim Fourth-Quarter Update
    Posted On Dec 17 ,2015 - 12:25-PM | by admin

    Anadarko Petroleum Corporation (NYSE: APC) today announced extensions to the maturity dates of its credit facilities and also provided an interim update on its fourth-quarter performance. Anadarko ...

    Noble Energy Confirms Implementation of Israel's Natural Gas Framework
    Posted On Dec 17 ,2015 - 12:58-AM | by admin

    Noble Energy, Inc. ("Noble Energy" or "The Company") (NYSE: NBL) was notified that the Government of Israel acted to implement the Natural Gas Framework through execution of Section 52 of the Restrict...

    Supreme Court of Gibraltar Rules Against Donziger Offshore Company; Awards Chevron $28 Million
    Posted On Dec 17 ,2015 - 12:53-AM | by admin

    The Supreme Court of Gibraltar has issued a judgment against Amazonia Recovery Ltd., a Gibraltar-based company set up to receive and distribute funds resulting from a fraudulent Ecuadorian judgment ag...

    Total’s Board of Directors Elects Patrick Pouyanné as Chairman and Chief Executive Officer and Appoints a Lead Independent Director
    Posted On Dec 17 ,2015 - 12:28-AM | by admin

    At its meeting on December 16, 2015, Total’s Board of Directors elected Patrick Pouyanné, Chief Executive Officer of Total since October 22, 2014 and director since May 29, 2015, Chairman of the Bo...

    Total declares its second quarter 2015 interim dividend of 0.61 euro per share, available in cash or in discounted new shares
    Posted On Dec 17 ,2015 - 12:07-AM | by admin

    The Board of Directors of Total declared a second quarter 2015 interim dividend of €0.61 per share and offered, under the conditions set by the fourth resolution at the Ordinary General Meeting of M...

    DEA doubles production in Norway
    Posted On Dec 16 ,2015 - 12:59-PM | by admin

    The acquisition of 100% of the shares of E.ON E&P Norge AS by DEA Norge AS has been completed on the 16th of December. With the deal, DEA Deutsche Erdoel AG enhances its presence in Norway and its lon...

    Bibby Offshore secures huge subsea contract with BP
    Posted On Dec 16 ,2015 - 12:11-PM | by admin

    Bibby Offshore, a leading subsea services provider to the oil and gas industry, has been awarded a multimillion pound contract by BP to replace subsea infrastructure in the Central North Sea. The w...

    The Minister of Petroleum of Venezuela and President of PDVSA meets Eni's CEO
    Posted On Dec 16 ,2015 - 12:06-AM | by admin

    The Minister of Petroleum of Venezuela and the President of the state company Petróleos de Venezuela (PDVSA), Eulogio Del Pino, met in Caracas Eni’s CEO, Claudio Descalzi. During the meeting, th...

    Genel Announce Receipt of payment for KRI oil exports
    Posted On Dec 15 ,2015 - 12:48-PM | by admin

    Genel Energy plc (‘Genel’) announced that the Taq Taq field partners have received a gross payment of $30 million from the Kurdistan Regional Government for oil exported through the Kurdistan Regi...

    CNPC signs strategic cooperation agreement with Mubadala Petroleum
    Posted On Dec 15 ,2015 - 12:42-PM | by admin

    On December 13 in Beijing, in the presence of His Highness Sheikh Mohammed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, CNPC Chairman Wang Yilin and Dr. Sultan Ahmed Al Jaber, UAE Minister of State...

    Aker Solutions Give Update on Aker Solutions' MMO Business in Norway
    Posted On Dec 15 ,2015 - 12:20-PM | by admin

    Statoil ASA announced contract awards for maintenance and modifications services work offshore Norway. Five companies, including Aker Solutions, were awarded framework competition contracts spanning t...

    Neste, Veolia and Borealis to build a new combined heat and power plant in Porvoo, Finland
    Posted On Dec 15 ,2015 - 12:59-PM | by admin

    Neste, Veolia and Borealis have agreed to create a joint venture company to build a new combined heat and power plant ("power plant") and produce and supply steam and other utilities to Neste's refine...

    IMF Approves US$28.7 Million Disbursement for Chad
    Posted On Dec 15 ,2015 - 12:17-AM | by admin

    The Executive Board of the International Monetary Fund (IMF) today completed the second review of Chad’s economic performance under the program supported by an Extended Credit Facility (ECF)[1] arra...

    Technip awarded a subsea contract for the Odd Job deepwater field in the Gulf of Mexico
    Posted On Dec 15 ,2015 - 12:56-AM | by admin

    Technip has been awarded a lump sum contract by Deep Gulf Energy II, LLC for the development of the Odd Job field. This ultra deepwater field is located in Mississippi Canyon, offshore New Orleans, in...

    Neste Board of Directors resolves key personnel long-term incentive
    Posted On Dec 15 ,2015 - 12:59-AM | by admin

    The Board of Directors of Neste Corporation has resolved to establish a new long-term incentive directed to the Group key personnel (the LTI). The aim of the LTI is to align the objectives of the shar...

    Aker Solutions employees buy shares in company
    Posted On Dec 15 ,2015 - 12:28-AM | by admin

    Aker Solutions employees bought shares for NOK 60 million as part of annual programs for staff and managers. The company for the seventh consecutive year held share purchase programs to encourage emp...

    Tullow Announce Kenya Operational Update
    Posted On Dec 15 ,2015 - 12:28-AM | by admin

    Tullow Oil plc (Tullow) announces that the Etom-2 well in Block 13T, Northern Kenya, has encountered 102 metres of net oil pay in two columns. The objective of the well was to explore the Etom structu...

    Statoil awarding framework agreements for maintenance and modifications
    Posted On Dec 15 ,2015 - 12:56-AM | by admin

    Statoil has today awarded maintenance and modification agreements worth NOK 24 billion for the company’s installations on the Norwegian continental shelf (NCS) and for the onshore plants at Sture, K...

    Neste's Stakeholder Advisory Panel appointed
    Posted On Dec 14 ,2015 - 12:06-PM | by admin

    Neste's Board of Directors has invited representatives of the company's stakeholders to join a Stakeholder Advisory Panel that has been established to promote discussion between Neste and its stakehol...

    Quad204 development work in UK North Sea
    Posted On Dec 14 ,2015 - 12:00-PM | by admin

    New Glen Lyon FPSO sets sail for west of Shetland BP, on behalf of the Schiehallion co-venturers Shell and OMV, announced today that the new Glen Lyon floating production storage and offload (FPSO) v...

    Total starts up Moho Phase 1b deep offshore project
    Posted On Dec 14 ,2015 - 12:45-PM | by admin

    Total has brought on stream the Moho Phase 1b project, located 75 kilometers off the coast of Pointe-Noire in the Republic of the Congo. The project is operated by Total and has a production capacity ...

    Petrofac Secures $400m contract extension from Centrica and EnQuest
    Posted On Dec 14 ,2015 - 12:11-PM | by admin

    Petrofac has been supporting the UK Continental Shelf (UKCS) for more than 20 years, working in collaboration with its customers to drive efficiencies and generate maximum value across their operation...

    Oriental Energy Announce Update on Ebok field transition plan and associated issues
    Posted On Dec 14 ,2015 - 12:29-AM | by admin

    Oriental Energy Resources Limited (“Oriental”) has today provided an update on the progress of implementation of the Ebok field transition plan, and the status of negotiations with Afren Plc (in A...

    Technip certified in five additional countries to the EDGE standard
    Posted On Dec 14 ,2015 - 12:32-AM | by admin

    Technip and EDGE Certified Foundation announce today that Technip entities in Australia, Malaysia, United Kingdom, United Arab Emirates and United States have been certified to the EDGE (Economic Divi...

    Shell-BG recommended combination receives unconditional Chinese antitrust clearance
    Posted On Dec 14 ,2015 - 12:50-AM | by admin

    Pre-conditional approval process now complete. Royal Dutch Shell plc ("Shell") today announced that its recommended combination with BG Group plc ("BG") has received unconditional merger clearance ...

    ExxonMobil Starts Banyu Urip Central Processing Facility in Indonesia
    Posted On Dec 14 ,2015 - 12:56-AM | by admin

    ExxonMobil announced today the successful and safe startup of the onshore central processing facility at the Banyu Urip field in Indonesia, helping increase production to more than 130,000 barrels of ...

    RWE and Bin Butti International Investment agree on cooperation
    Posted On Dec 11 ,2015 - 12:54-PM | by admin

    At the beginning of December, Bin Butti International Investment (BBII), an investment entity headquartered in Abu Dhabi, and RWE AG have agreed to develop joint energy-related activities in the MENAT...

    RWE AG Supervisory Board unanimously approves plans for Group restructuring
    Posted On Dec 11 ,2015 - 12:12-PM | by admin

    At its meeting today, the Supervisory Board of RWE AG unanimously approved the Executive Board’s plans to restructure the Group. The company will transfer its renewables, grid and retail operations ...

    North West Shelf (NWS) Project Approves Development of GWF-2 Project
    Posted On Dec 11 ,2015 - 12:32-PM | by admin

    Woodside, as Operator of the North West Shelf (NWS) Project, advises that the project participants have approved the Greater Western Flank Phase 2 (GWF-2) Project off the north-west coast of Australia...

    Chevron Confirms First Production from Moho Bilondo Phase 1b Development
    Posted On Dec 11 ,2015 - 12:34-PM | by admin

    Chevron Corporation (NYSE:CVX) confirmed today that its subsidiary, Chevron Overseas (Congo) Limited, and partners have started production from the deepwater development Moho Bilondo Phase 1b offshore...

    ConocoPhillips Announces 2016 Operating Plan and Capital Budget of $7.7 Billion
    Posted On Dec 11 ,2015 - 12:50-AM | by admin

    ConocoPhillips (NYSE: COP) announced its 2016 operating plan. Key highlights from the plan include: $7.7 billion capital budget; 1 to 3 percent production growth, adjusted for asset sale...

    Repsol named Energy Company of the Year by Platts
    Posted On Dec 11 ,2015 - 12:46-AM | by admin

    Repsol was recognized as “Energy Company of the Year” by specialized news agency Platts at its Global Energy Awards ceremony in New York. Repsol was chosen from more than 200 nominees from 25 coun...

    Repsol divests Eagle Ford stake
    Posted On Dec 11 ,2015 - 12:18-AM | by admin

    Repsol has agreed to divest a 13% stake in its Eagle Ford project in the United States to its partner Statoil. At the same time, Repsol will acquire a 15% share in the Gudrun producing field in Norway...

    Statoil and Repsol announce transactions in Norway, UK, US and Brazil
    Posted On Dec 11 ,2015 - 12:33-AM | by admin

    These transactions increase the number of Statoil’s operatorships in priority areas, providing greater control of asset development and costs through shared efficiencies. “We are delighted to b...

    Total starts up Moho Phase 1b deep offshore project in Congo
    Posted On Dec 11 ,2015 - 12:58-AM | by admin

    Total has brought on stream the Moho Phase 1b project, located 75 kilometers off the coast of Pointe-Noire in the Republic of the Congo. The project is operated by Total and has a production capacity ...

    How Far Can The Syria Conflict Spiral Out Of Control: Interview With Pelicourt
    Posted On Dec 11 ,2015 - 12:25-AM | by admin

    Business is business, so why not buy oil from ISIS. The Russians claim the Turks are doing it, and in all likelihood even Assad is buying it. No one can fight a war without oil, according to Robert Be...

    Moody’s reviews Petrobras’ rating
    Posted On Dec 10 ,2015 - 12:14-PM | by admin

    Petrobras announce that Moody’s Investors Service reviewed Petrobras' rating from Ba2 to Ba3, with negative outlook. According to Moody’s, this revision reflects elevated refin...

    Shell and Akon unveil Africa’s first player & solar powered football pitch in Nigeria
    Posted On Dec 10 ,2015 - 12:16-PM | by admin

    Global music star Akon joined Shell to shine a light on the power of innovative options for access to smarter energy by unveiling Africa’s first human and solar powered football pitch at the Federal...

    Schlumberger Announces Issuance of Senior Notes
    Posted On Dec 10 ,2015 - 12:39-PM | by admin

    Schlumberger Limited (NYSE:SLB) announced that Schlumberger Holding Corporation (“SHC”), its wholly-owned subsidiary and the holding company for its U.S. operations, will issue five tranches of se...

    Schlumberger and Bauer Agree on Manufacturing Joint Venture
    Posted On Dec 10 ,2015 - 12:02-PM | by admin

    BAUER Maschinen GmbH, an affiliated company of BAUER AG and Schlumberger, today announced the signing of a joint venture agreement to manufacture land drilling rigs and associated products. Bauer a...

    GE Announces Jenbacher Gas Engine Order in China
    Posted On Dec 10 ,2015 - 12:13-PM | by admin

    Announcing its largest single order of Jenbacher gas engines in China, GE (NYSE: GE) said it will supply Shanxi Jincheng Coal Group with 12 of its Ecomagination qualified, 3.35-megawatt (MW) J620 gas ...

    Occidental Petroleum Promotes Vicki A. Hollub to President and COO
    Posted On Dec 10 ,2015 - 12:20-PM | by admin

    Occidental Petroleum Corporation (NYSE: OXY) announced that its Board of Directors has promoted Vicki A. Hollub to President and Chief Operating Officer and appointed her to the Board. As part of the ...

    Wood Group win Browse FEED contract
    Posted On Dec 10 ,2015 - 12:23-PM | by admin

    Wood Group has secured its second front-end engineering design (FEED) contract for the proposed Browse floating liquefied natural gas (FLNG) Development offshore Western Australia. Under the new co...

    ‘Honest desire for communication in North American oil and gas sector’
    Posted On Dec 10 ,2015 - 12:17-PM | by admin

    Despite being hit extremely hard by falling WTI pricing, the US oil and gas industry has shown remarkable resilience with up to 60% cost-cutting achieved after having adopting complex and creative fin...

    December Short-Term Energy Outlook forecasts non-OPEC production decline in 2016
    Posted On Dec 10 ,2015 - 12:35-AM | by admin

    The Short-Term Energy Outlook (STEO) released on December 8 forecasts non-OPEC crude oil and other liquids production to grow by 1.2 million barrels per day (b/d) in 2015, and then decline by 0.4 mill...

    Chevron Announces $26.6 Billion Capital and Exploratory Budget for 2016
    Posted On Dec 10 ,2015 - 12:41-AM | by admin

    Chevron Corporation (NYSE:CVX) announced a $26.6 billion capital and exploratory investment program for 2016. Included in the 2016 program are $4.5 billion of planned expenditures by affiliates. The 2...

    Strippers Suffering From Low Oil Prices
    Posted On Dec 10 ,2015 - 12:18-AM | by admin

    With Prices Below $50, what is a stripper to do? With OPEC breaking down and any kind of coordination among its members on price cuts looking increasingly unlikely, it now appears that oil prices ...

    EU and 79 African, Caribbean and Pacific countries join forces for ambitious global climate deal
    Posted On Dec 10 ,2015 - 12:17-AM | by admin

    As UN climate negotiations enter their final days, the European Union and the group of 79 African, Caribbean and Pacific (ACP) States today stressed their shared commitment for an ambitious and bindin...

    Technip denies it is in takeover talks
    Posted On Dec 10 ,2015 - 12:35-AM | by admin

    Following recent press articles with respect to possible strategic transactions involving Technip, we state that there are no ongoing discussions with respect to such transactions. Source: <...

    EBRD and its partners strengthens safety and environmental standards in Egypt's energy sector
    Posted On Dec 10 ,2015 - 12:00-AM | by admin

    For the first time in the southern and eastern Mediterranean (SEMED) region the European Bank for Reconstruction and Development (EBRD) led and arranged a syndicated loan, consisting of a loan facilit...

    CME Group Announces Record Light Sweet Crude Oil (WTI) Futures and Options Trading Volume
    Posted On Dec 10 ,2015 - 12:06-AM | by admin

    CME Group, the world's leading and most diverse derivatives marketplace, announced it reached a trading volume record for combined NYMEX WTI futures and options yesterday, December 8, of 1,841,295 con...

    Saddlehorn Pipeline Announces Open Season for Additional Pipeline Commitments
    Posted On Dec 09 ,2015 - 12:49-PM | by admin

    Magellan Midstream Partners, L.P. (NYSE: MMP) ("Magellan"), Plains All American Pipeline, L.P. (NYSE: PAA) ("Plains") and Anadarko Petroleum Corporation (NYSE: APC) ("Anadarko") announced today that S...

    Statoil on behalf of Johan Sverdrup Awards Three Pipeline Contracts
    Posted On Dec 09 ,2015 - 12:12-PM | by admin

    Statoil has, on behalf of the Johan Sverdrup partners, awarded contracts for the linepipe , coating and pipe installation of the Johan Sverdrup export pipelines. The total contract value is estimat...

    Noble Energy Announce Strong Operating Performance Driving Fourth Quarter 2015
    Posted On Dec 09 ,2015 - 12:25-PM | by admin

    Noble Energy, Inc. ("Noble Energy" or "the Company") (NYSE: NBL) today increased its fourth quarter 2015 sales volumes to range between 405 and 415 thousand barrels of oil equivalent per day (MBoe/d),...

    DEA remains strong partner in the West Nile Delta project
    Posted On Dec 09 ,2015 - 12:36-AM | by admin

    DEA Deutsche Erdoel AG has completed the farm-down of its stake in the West Nile Delta (WND) project in Egypt. Its share in all WND fields is now equalized at 17.25%. The share reduction was part of t...

    NovaSeis Joint Venture MoU with Northbridge Energy Ltd
    Posted On Dec 09 ,2015 - 12:54-AM | by admin

    San Leon Energy (the “Company”), the AIM listed company focused on oil and gas exploration in Europe and North Africa, announces an update on NovaSeis, its seismic subsidiary. NovaSeis, the Com...

    Ophir Energy signs HoAs for sale of gas and Capex reductions for Fortuna FLNG
    Posted On Dec 09 ,2015 - 12:08-AM | by admin

    Ophir Energy announces that it has signed Heads of Agreements (“HoAs”) for LNG offtake from the Fortuna FLNG project with six counterparties, all of whom are established LNG buyers in European and...

    Wood Group secures new ConocoPhillips contract
    Posted On Dec 08 ,2015 - 12:28-PM | by admin

    Wood Group has won a new, multi-year contract with ConocoPhillips in Australia. Effective immediately, Wood Group PSN will deliver brownfield engineering services to the Bayu-Undan field located south...

    OPEC 168th Meeting conclusion
    Posted On Dec 08 ,2015 - 12:23-PM | by admin

    The 168th Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) was held in Vienna, Austria, on Friday, 4th December 2015 under the Chairmanship of its President, H...

    Nigeria expresses its readiness to raise funds from international investors and the private sector in 2016
    Posted On Dec 08 ,2015 - 12:52-AM | by admin

    The Federal Government has expressed its readiness to raise funds from international investors and the private sector in 2016 to fund the Joint Venture cash calls between the Nigerian National Petrole...

    Shell takes final investment decision to build Solvent Deasphalter unit at Pernis refinery in the Netherlands
    Posted On Dec 08 ,2015 - 12:05-AM | by admin

    Shell today announces it has taken the final investment decision to build a major new unit at the Pernis refinery in Rotterdam, the Netherlands. The Solvent Deasphalter (SDA) unit will remove heavier ...

    JKX Announces Koshekhablskoye Well-27 Restored to Production
    Posted On Dec 08 ,2015 - 12:54-AM | by admin

    JKX Oil & Gas plc ("JKX") is pleased to report that well-27 in its Koshekhablskoye field in southern Russia has been restored to production following repairs and recompletion. The well is currently p...

    Lundin Petroleum commences Imbok exploration well, offshore Malaysia
    Posted On Dec 08 ,2015 - 12:29-AM | by admin

    Lundin Petroleum AB (Lundin Petroleum) announced that its wholly owned subsidiary Lundin Malaysia BV (Lundin Malaysia) has commenced drilling of the Imbok-1 exploration well in Blocks SB307 and SB308...

    Dana Gas Update On Kurdistan Arbitration– High Court of England
    Posted On Dec 08 ,2015 - 12:54-AM | by admin

    Following the disclosure made by Dana Gas PJSC on 29 November 2015 with regard to the international arbitration case it filed in October 2013, along with Crescent Petroleum and Pearl Petroleum Company...

    Russian gas export to France grows by 32 per cent in 11 months
    Posted On Dec 04 ,2015 - 12:11-AM | by admin

    Gazprom’s delegation, led by Alexey Miller, Chairman of the Company’s Management Committee, paid a visit to France today. As part of the visit, Alexey Miller met with Jean-Pierre Jouyet, Chief ...

    Why Is The U.S. Reluctant To Bomb ISIS Oil Fields?
    Posted On Dec 04 ,2015 - 12:31-AM | by admin

    There has been some revealing new information coming out recently regarding the strategy against ISIS. One aspect many find troubling is the apparent failure of U.S. and coalition forces to sufficient...

    Technip awarded furnaces contract for Unipetrol Ethylene Plant in Czech Republic
    Posted On Dec 04 ,2015 - 12:40-AM | by admin

    Technip has been awarded by Unipetrol a significant lump sum contract to supply four cracking furnaces for their ethylene plant in Zaluzi, Czech Republic. The project covers the engineering, suppl...

    Anadarko Achieves New Mozambique LNG Milestones
    Posted On Dec 03 ,2015 - 12:47-PM | by admin

    Anadarko Petroleum Corporation (NYSE: APC) today announced that, along with the concessionaires of Offshore Area 1 (operated by Anadarko Mozambique Area 1 Ltd. (AMA1)) and Offshore Area 4 (operated by...

    Statoil Seeking new acreage on the NCS
    Posted On Dec 03 ,2015 - 12:16-AM | by admin

    Statoil has delivered its application for the 23rd licensing round on the Norwegian continental shelf to the Norwegian authorities. It is expected that the Ministry of Petroleum and Energy will ann...

    Africa Oil & Power Breaks the Mold of Traditional Energy Conferences
    Posted On Dec 02 ,2015 - 12:15-PM | by admin

    The inaugural edition of the Africa Oil & Power conference will be held June 6-7, 2016 at the Westin Hotel in Cape Town, South Africa. Endorsed by the Ministry of Mines, Industry and Energy of Equator...

    African Petroleum Updates On Sierra Leone Licence SL-03
    Posted On Dec 02 ,2015 - 12:20-PM | by admin

    African Petroleum, an independent oil and gas exploration company operating ten licences in five countries offshore West Africa, announced that it’s wholly owned subsidiary European Hydrocarbons Lim...

    Det norske awards Rig contract to Transocean
    Posted On Dec 01 ,2015 - 12:29-PM | by admin

    Det norske oljeselskap ASA has on behalf of the partnerships in PL 203 (Alvheim) and PL 150 (Volund) awarded an agreement to Transocean Offshore (North Sea) Ltd NUF for the lease of the semi-submersib...

    Rosneft and BP Complete Transaction to Sell 20% share of Taas-Yuryakh Neftegazodobycha to BP
    Posted On Dec 01 ,2015 - 12:58-PM | by admin

    Rosneft and BP announce the completion of the transaction to sell a 20 per cent share of Taas-Yuryakh Neftegazodobycha LLC to the British company. The joint venture between Rosneft and BP based on ...

    Rosneft Completes Acquisition of 16.67% Share in PCK Raffinerie GmbH from Total
    Posted On Dec 01 ,2015 - 12:18-PM | by admin

    Rosneft and Total have closed the sale and purchase transaction concerning the 66.67% share in AET-Raffineriebeteiligungsgesellschaft mbH, representing a 16.67% effective share in PCK Raffinerie GmbH ...

    Gulfsands Announce Update on the Rharb Petroleum Agreement
    Posted On Dec 01 ,2015 - 12:55-PM | by admin

    Gulfsands Petroleum Plc ("Gulfsands" or the "Company"), the AIM listed oil and gas exploration company (AIM:GPX) with activities in Syria, Morocco, Tunisia and Colombia, provides the following update ...

    Expro expands into Middle East with a five-year contract win
    Posted On Dec 01 ,2015 - 12:35-PM | by admin

    International oilfield services company, Expro, has achieved a significant milestone as it enters Qatar for the first time and expands its Middle Eastern presence with a five-year contract win. Th...

    Sterling Updates On Ntem Concession, Cameroon
    Posted On Dec 01 ,2015 - 12:10-PM | by admin

    Sterling Energy plc (the “Company”), the AIM listed oil and gas exploration company (AIM: SEY), provides the following update on the Ntem Concession, offshore Cameroon. The Company is aware tha...

    Lekoil Announce Acquisition of Afren’s Interest in OPL 310
    Posted On Dec 01 ,2015 - 12:41-AM | by admin

    Lekoil (AIM: LEK), the oil and gas exploration and production company with a focus on Nigeria and West Africa, has agreed to acquire Afren plc’s (“Afren”) entire 22.86% participating interest in...

    Eni gives green light to the drilling campaign offshore Mexico
    Posted On Dec 01 ,2015 - 12:03-AM | by admin

    Eni signed in Mexico City with the Comisión Nacional de Hidrocarburos of Mexico (CNH) a Production Sharing Contract (PSC) for the development and exploitation of the Amoca, Miztón and Tecoalli oil ...

    ISIS, Turkey And Oil – The Bigger Picture: Interview With Pelicourt
    Posted On Dec 01 ,2015 - 12:22-AM | by admin

    As the terrorist attack in Paris sparks worldwide fear of similar reprisals and a bloody shootout and hostage situation in a five-star Mali hotel exacerbates those concerns, global energy security ree...

    Statoil to divest interest in Trans Adriatic Pipeline
    Posted On Dec 01 ,2015 - 12:29-AM | by admin

    Following the divestment of its share in the Shah Deniz gas field in Azerbaijan, Statoil has agreed to sell its 20% interest in Trans Adriatic Pipeline AG to the Italian gas infrastructure company Sna...

    EIA expands monthly reporting of crude oil production with new data by API gravity
    Posted On Dec 01 ,2015 - 12:32-AM | by admin

    New data released today by the U.S. Energy Information Administration (EIA) show that for the first nine months of 2015, the majority of crude oil produced in the Lower 48 states was light oil. As cat...

    Shell takes final investment decision to expand Alpha Olefins production
    Posted On Nov 30 ,2015 - 11:49-PM | by admin

    Shell Chemical LP (Shell) today announces the final investment decision to increase Alpha Olefins (AO) production at its chemical manufacturing site in Geismar, Louisiana, making the site the largest ...

    VSA analysts warn North Sea in need of a ‘health check’
    Posted On Nov 30 ,2015 - 11:56-PM | by admin

    VSA Capital analysts Ed Vaughan and Marc Anis-Hana have warned that the North Sea, which has produced more than 43 billion barrels of crude and has provided a steady stream of revenue for the UK gover...

    Oil and Gas Terminal Automation Market Expected to Surpass US$ 4 Billion by 2020
    Posted On Nov 30 ,2015 - 11:04-PM | by admin

    Future Market Insights (FMI) announces the release of its market study, titled, "Oil and Gas Terminal Automation Market: Global Industry Analysis and Opportunity Assessment 2014-2020".

    Seven Energy Announce Results for the nine months ended 30 September 2015
    Posted On Nov 30 ,2015 - 11:24-PM | by admin

    Seven Energy Finance Limited, together with its parent company Seven Energy International Limited (“Seven Energy” or the “Group”) the indigenous Nigerian oil and integrated gas exploration, de...

    African Petroleum Corporation Limited Announce Director Resignations
    Posted On Nov 30 ,2015 - 11:31-PM | by admin

    Further to the Company’s announcement on 18 November 2015 regarding the restructuring of the Board, African Petroleum announces the resignation of Non-Executive Directors Mr Gibril Bangura and Mr Je...

    Dana Gas wins $1.98 billion Kurdistan judgement
    Posted On Nov 30 ,2015 - 11:15-AM | by admin

    Dana Gas PJSC further updated the market with regard to the international arbitration case it filed in October 2013, along with Crescent Petroleum and Pearl Petroleum Company Limited (together the ‘...

    Perenco announces signing of FLNG project offshore Cameroon
    Posted On Nov 30 ,2015 - 11:12-AM | by admin

    Gazprom Marketing & Trading Singapore Pte Ltd (“GM&TS”), Société Nationale des Hydrocarbures (“SNH”), Perenco Cameroon S.A. (“PERCAM”), Golar Hilli and Golar Cameroon (“GOLAR”) annou...

    Future Market Insights
    Posted On Nov 27 ,2015 - 11:26-PM | by admin

    The global intelligent pigging services market is set to expand at a CAGR of 6.3% during the period 2015-2025, reaching US$ 826.5 Mn by 2025, according to a research report by Future Market Insights (...

    Wood Group wins $90 million contract in Iraq
    Posted On Nov 27 ,2015 - 11:07-PM | by admin

    Wood Group has won a new contract worth approximately $90 million to deliver services to one of the world’s leading blue-chip international oil companies (IOC) in Iraq. Wood Group PSN (WGPSN) will p...

    Hardy Oil and Gas Announce Half Year Results for the Six Months Ended 30 September 2015
    Posted On Nov 27 ,2015 - 11:33-PM | by admin

    Hardy Oil and Gas plc (LSE: HDY), the oil and gas exploration and production company focused in India, reports its results for the six months ended 30 September 2015. Summary ...

    Ophir announces completion of operations on the G4/50-11 wildcat exploration
    Posted On Nov 27 ,2015 - 11:37-AM | by admin

    The well was the second in Ophir’s 2015 exploration drilling programme in the G4/50 licence and targeted the Parichat Southwest prospect. The G4/50-11 well reached a total depth of 2,830 metres (Tru...

    Eni at JOB&Orienta to help young people navigate the Job market
    Posted On Nov 26 ,2015 - 11:50-AM | by admin

    Eni will be taking part in the 25th JOB&Orienta, the largest national exhibition on the topics of education and training. The exhibition and conference (Verona Fair, 26 to 28 November) offers an oppor...

    Penspen awarded engineering study for the development of offshore field in Southern Nigeria
    Posted On Nov 26 ,2015 - 11:47-AM | by admin

    Penspen, a leading global provider of engineering and management services to the energy industry, has been awarded a contract from Sirius Group to conduct an engineering study for the monetisation of ...

    Gazprom’s import substitution efforts boost cutting-edge technologies in Russia
    Posted On Nov 26 ,2015 - 11:34-AM | by admin

    The Gazprom Board of Directors took notice of the information about Gazprom Group's procurement activity in the new business environment as well as about the import restricting measures. Gazprom ha...

    Oil Jobs Lost: 250.000 And Counting
    Posted On Nov 26 ,2015 - 11:31-AM | by admin

    Texas Likely To See Massive Layoffs Soon Crude oil just capped off a third straight week of declines, as WTI nears the $40 per barrel threshold. Goldman Sachs is once again raising the possibility o...

    Aker Solutions Wins Maintenance and Modifications Contract From BP in Norway
    Posted On Nov 26 ,2015 - 11:22-AM | by admin

    Aker Solutions won a framework agreement to provide maintenance and modifications services at BP-operated oil and gas fields offshore Norway. The contract has a fixed period of five years valued at...

    Bowleven Announce Testing Update - Bomono Permit, Cameroon
    Posted On Nov 25 ,2015 - 11:15-AM | by admin

    Bowleven, the Africa focused oil and gas exploration group traded on AIM, announced the following update on the extended well test programme underway at Bomono. To date, the Moambe well has achieve...

    BG Group starts commercial operations from QCLNG Train 2 in Australia
    Posted On Nov 25 ,2015 - 11:07-AM | by admin

    BG Group (LSE: BG.L), a world leader in exploration and LNG, today announces that commercial operations began from the second train at its Queensland Curtis LNG (QCLNG) plant. QGC, BG Group's Australi...

    Equatorial Guinea’s National Gas Company Opens Negotiations for LPG Purchase
    Posted On Nov 25 ,2015 - 11:34-AM | by admin

    The Ministry of Mines, Industry and Energy of Equatorial Guinea has announced that national gas company SONAGAS will begin marketing the State’s share of liquefied petroleum gas (LPG) produced at t...

    Total launches synthetic bond financing
    Posted On Nov 25 ,2015 - 11:10-AM | by admin

    Total is raising approximately $1.2 billion of new debt financing through a structure combining the issue of non-dilutive cash-settled convertible bonds with the purchase of cash-settled call options ...

    Eni presents the 14th edition of the World Oil and Gas Review
    Posted On Nov 24 ,2015 - 11:59-PM | by admin

    Eni presents the 14th edition of the World Oil and Gas Review, the annual statistics report on world reserves, production and consumption of oil and gas. A special focus is devoted to crude oil qualit...

    DNV GL conducts largest ever controlled release of CO2 from an underwater pipeline
    Posted On Nov 24 ,2015 - 11:55-PM | by admin

    Carbon capture, utilisation and storage (CCUS) is gaining momentum to meet stringent climate change goals and secure energy supplies for the future. To fully understand the environmental and safety im...

    Eland Oil & Gas Provides Operational Update
    Posted On Nov 24 ,2015 - 11:22-AM | by admin

    Eland Oil & Gas PLC (AIM:ELA), the oil and gas production, development and exploration company operating in West Africa with a principal focus on Nigeria, announced that it has materially increased cu...

    Rockhopper Updates on Isobel - 2 Well
    Posted On Nov 24 ,2015 - 11:22-AM | by admin

    Rockhopper Exploration plc (AIM: RKH), the oil and gas exploration and production company with interests in the North Falkland Basin and Greater Mediterranean region, announces that the 14/20-2 'Isob...

    Technip awarded contract to supply reformer for STAR hydrogen plant
    Posted On Nov 24 ,2015 - 11:23-AM | by admin

    Technip has been awarded a lump sum contract to supply its proprietary technology, detailed engineering and procurement services for a reformer for a hydrogen plant. The plant is located near the STAR...

    Noble Energy and BG International Agree to Partnership in Block 12 Offshore Cyprus
    Posted On Nov 23 ,2015 - 11:07-PM | by admin

    Noble Energy, Inc. (NYSE: NBL) ("Noble Energy" or "the Company") announced today a farm-out agreement for a portion of its interest in Block 12 offshore Cyprus with BG International ("BG"). BG is...

    KrisEnergy receives approval for Rossukon Production Area
    Posted On Nov 23 ,2015 - 11:34-PM | by admin

    KrisEnergy Ltd. (“KrisEnergy” or “the “Company”), an independent upstream oil and gas company, announces that it has received government approval of the Production Area Application (“PAA...

    BG Group secures equity in Aphrodite discovery, offshore Cyprus
    Posted On Nov 23 ,2015 - 11:03-PM | by admin

    BG Group announced it has taken a 35% holding in Block 12 offshore Cyprus which includes the Aphrodite gas discovery. This upstream position provides a potential source of gas to Egypt where BG Group ...

    Dana Gas wins UK court ruling for $100 million
    Posted On Nov 23 ,2015 - 11:33-AM | by admin

    Kurdistan Arbitration Update – High Court of England ruling Dana Gas PJSC updated the market in regards to the international arbitration case it filed in October 2013, along with Crescent Petroleum...

    A tough reality for the industry
    Posted On Nov 23 ,2015 - 11:08-AM | by admin

    Global challenges and new opportunities in the energy market will create a turning point for the industry, says Statoil CEO Eldar Sætre at the Statoil Autumn Conference. In his speech to the Norwe...

    Ophir announce Results of G4/50-11 Exploration Well
    Posted On Nov 20 ,2015 - 11:44-AM | by admin

    Ophir announces that it has completed operations on the G4/50-11 wildcat exploration in the South Western Graben of the Gulf of Thailand. The well was the second in Ophir’s 2015 exploration drillin...

    Noble Midstream Partners LP Announces Postponement of Initial Public Offering
    Posted On Nov 20 ,2015 - 11:36-AM | by admin

    Noble Midstream Partners LP ("Noble Midstream") announced that it has postponed its previously-announced initial public offering. The board of directors and management of Noble Midstream's general par...

    K2 in partbnership with Applus+ Velosi Expands its Services in the Middle East
    Posted On Nov 20 ,2015 - 11:54-AM | by admin

    K2 announced the launch of its services in the Middle East in partnership with Applus+ Velosi. William Greenwood has been appointed as the Regional Manager for Middle East Rig Services, with respons...

    Nigerian banks to remain resilient despite elevated credit risks from deteriorating operating environment
    Posted On Nov 20 ,2015 - 11:50-AM | by admin

    Moody's Investors Service expects Nigerian banks' nonperforming loans to rise in 2016, driven by the deteriorating repayment capacity of borrowers in the oil and gas sector, although their profitabili...

    Maersk Oil Announce Approval of Sarsang Development Plan in Kurdistan
    Posted On Nov 19 ,2015 - 11:07-PM | by admin

    The Kurdistan Regional Government of Iraq (KRG) formally approved the Field Development Plan (FDP) for the Swara Tika discovery in the Sarsang Production Sharing Contract (PSC).

    “...

    Solo Oil Announce Farmout of Ruvuma PSA, Tanzania
    Posted On Nov 19 ,2015 - 11:31-PM | by admin

    Solo Oil announced that it has reached agreement with Aminex plc ("Aminex") to farmout a 12.5% net working interest in the Ruvuma Petroleum Sharing Agreement ("Ruvuma PSA") in Tanzania to Aminex in a ...

    Polarcus awarded broadband 3D project in Egypt
    Posted On Nov 19 ,2015 - 11:42-PM | by admin

    Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) is pleased to announce that the Company has signed a contract with an undisclosed client for a 3D marine seismic project offshore Egypt utili...

    Paradigm Releases Geolog 7.4, Offering Expanded Functionality
    Posted On Nov 19 ,2015 - 11:40-PM | by admin

    ParadigmR announced the release of Paradigm Geolog 7.4, the latest version of its industry-leading GeologR formation evaluation software suite. Geolog 7.4 offers a rich set of new engineering functio...

    Falcon Oil & Gas spuds Amungee NW-1 well
    Posted On Nov 19 ,2015 - 11:31-PM | by admin

    Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG, ESM: FAC) announced that drilling operations have successfully concluded on the Amungee NW-1H horizontal well. The well was drilled to a total measured dept...

    Decom North Sea and Oil & Gas UK to partner on North Sea Decommissioning
    Posted On Nov 19 ,2015 - 11:44-PM | by admin

    UK offshore oil and gas industry trade bodies Oil & Gas UK and Decom North Sea are to align on key areas to deliver a more efficient and effective decommissioning agenda for the North Sea. More joi...

    Project Financing in Oil and Gas
    Posted On Nov 19 ,2015 - 11:15-AM | by admin

    Funding challenges in the Oil and Gas Sector. Hear from Deutsche Bank, Société Générale, RPS Energy, Credit Agricole and Standard Chartered Bank. Leading experts involved with project financing ...

    Bowleven announces proposed acquisition of licence interests in Tanzania
    Posted On Nov 19 ,2015 - 11:05-AM | by admin

    Bowleven, the Africa focused oil and gas exploration group traded on AIM, announced that it has signed a conditional Heads of Terms (HOT) with Aminex PLC (Aminex) for the acquisition of a 25% interest...

    Oil companies announce significant write-downs in third-quarter 2015
    Posted On Nov 19 ,2015 - 11:35-AM | by admin

    International and U.S. upstream oil companies wrote down $38 billion in assets in the third quarter of 2015, the largest for any quarter since at least 2008 for this set of 46 companies (Figure 1). Lo...

    Saddlehorn and Grand Mesa to Combine Projects in DJ Basin Crude Oil Pipeline
    Posted On Nov 18 ,2015 - 11:53-PM | by admin

    Saddlehorn Pipeline Company, LLC ("Saddlehorn") announced today that it is combining projects with Grand Mesa Pipeline, LLC ("Grand Mesa") for the construction of a 20-inch undivided joint interest pi...

    GAZPROM shifting focus successfully
    Posted On Nov 18 ,2015 - 11:46-PM | by admin

    Mikhail Antonov, president and managing director of GAZPROM Marketing & Trading USA, has revealed that the company has changed its focus from contracting for natural gas assets and speculative trading...

    Grant Prideco Takes Ultra-Deepwater Operations Further
    Posted On Nov 18 ,2015 - 11:56-AM | by admin

    Whether it’s drilling, completion, intervention or even custom-designed applications, National Oilwell Varco (NOV) delivers well plans faster, deeper and safer. Grant Prideco, a Business Unit of NOV...

    Madagascar transfers Afren's interest in Block 1101 to Oyster Oil & Gas
    Posted On Nov 18 ,2015 - 11:53-AM | by admin

    Oyster Oil and Gas Ltd. ("Oyster" or the "Company") (TSX-V: OY) has noted the widely reported demise of the Afren group, and also the recent release of its formerly held interests in Block 1101 in Mad...

    Schlumberger-Cameron Merger Receives Unconditional Clearance from U.S. Department of Justice
    Posted On Nov 18 ,2015 - 11:22-AM | by admin

    Schlumberger Limited (NYSE: SLB) and Cameron International Corporation (NYSE: CAM) jointly announced that the U.S. Department of Justice has cleared their proposed merger without any conditions, grant...

    Saudi Planning For A War Of Attrition In Europe With Russia's Oil Industry
    Posted On Nov 18 ,2015 - 11:57-AM | by admin

    Russia's central bank recently warned about the growing financial risks to the Russian economy from Saudi Arabia encroaching upon its traditional export market for crude oil. Russia sends 70 percent o...

    Hyundai Heavy Industries and Saudi Aramco Sign MOU
    Posted On Nov 18 ,2015 - 11:52-AM | by admin

    Hyundai Heavy Industries (HHI) Group entered into a general memorandum of understanding (MOU) with Saudi Aramco, the world’s leading integrated energy and chemicals company, to jointly collaborate o...

    PetroChina Overcomes Challenge of Low Oil Prices, Announces Results for First Three Quarters of 2015
    Posted On Nov 18 ,2015 - 11:51-AM | by admin

    PetroChina Company Limited ("PetroChina" or "the Company", HKSE: 0857; NYSE: PTR; SSE: 601857) recently announced that the Company continued to report operational profits in the first three quarters o...

    BP explores sale of Alabama petrochemical facility
    Posted On Nov 18 ,2015 - 11:16-AM | by admin

    BP announced it has decided to market for sale its Decatur, Ala., petrochemicals complex as part of a broader reorganization of the company’s global petrochemicals business. BP’s refocused pe...

    Construction begins for new Rumaila electricity plant to supply power into the grid
    Posted On Nov 18 ,2015 - 11:55-AM | by admin

    Construction work has begun on a new electricity power plant at the Rumaila oilfield, which is scheduled to become operational in 2017. Powered by gas captured from the field’s own hydrocarbon...

    Statoil exits Alaska
    Posted On Nov 17 ,2015 - 11:30-PM | by admin

    Statoil is optimising its exploration portfolio and has decided to exit Alaska following recent exploration results in neighbouring leases. Statoil is committed to optimising its portfolio, strengthe...

    Foreign banks’ Funding to Emerging Europe Increased for the First Time Since 2011
    Posted On Nov 17 ,2015 - 11:34-PM | by admin

    The fall in foreign bank’s funding to countries in Eastern Europe may be bottoming out. A new report from the Vienna Initiative committee released today shows that foreign bank funding to Central, E...

    SacOil Commences Drilling Operations in Lagia Oil Field
    Posted On Nov 17 ,2015 - 11:27-AM | by admin

    SacOil, through its subsidiary Mena International Petroleum Company Limited ("Mena"), announced it commenced the drilling of the Lagia 11 well on 13 November 2015, at its 100% owned Lagia oil field in...

    Schlumberger Acquires Fluid Inclusion Technologies, Inc.
    Posted On Nov 17 ,2015 - 11:41-AM | by admin

    Schlumberger announced the acquisition of Fluid Inclusion Technologies, Inc. (FIT), a US-based oil and gas service company specializing in laboratory analysis of trapped fluids in rock material, and a...

    Tullow Announce Well update - Kenya
    Posted On Nov 17 ,2015 - 11:42-AM | by admin

    Tullow Oil plc (Tullow) announces that the Emesek-1 exploration well in Block 13T in the North Lokichar basin, Northern Kenya, has reached a total depth of 3,000 metres without encountering commercial...

    Aker Solution's CO2 Capture Technology Picked by Norcem for Commercial-Scale Use in Cement Production
    Posted On Nov 17 ,2015 - 11:40-AM | by admin

    Aker Solutions won an order from Norcem for a feasibility study on the development of the world's first commercial-scale carbon capture facility for use in cement production, the source of about 5 per...

    Trinity Announce Operational and Strategic Update
    Posted On Nov 16 ,2015 - 11:31-AM | by admin

    Trinity, an independent E&P company focused on Trinidad and Tobago, provides an update on its operations and financials for the year to September 2015 as well as details on its forward strategy and po...

    Lundin Petroleum spuds exploration well on the Lorry prospect
    Posted On Nov 16 ,2015 - 11:44-AM | by admin

    Lundin Petroleum AB (Lundin Petroleum) announced that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has commenced drilling of exploration well 6407/10-4 on the Lorry prospect. The we...

    Panoro Announces Completion Of Well Operations On Aje Field, Nigeria
    Posted On Nov 16 ,2015 - 11:16-AM | by admin

    Panoro Energy ASA (OSE ticker code: "PEN" – “the Company” or “Panoro”), the independent E&P company with assets in Nigeria and Gabon, is pleased to announce the completion of well operations...

    Petrofac awarded Fadhili contract
    Posted On Nov 16 ,2015 - 11:41-AM | by admin

    Petrofac has been awarded a contract by Saudi Aramco to undertake the engineering, procurement and construction (EPC) of a sulphur recovery plant as part of their Fadhili gas programme. Fadhili is ...

    BG Group Subsidiary, QGC Gets a vote of confidence in industry
    Posted On Nov 16 ,2015 - 11:00-AM | by admin

    QGC Pty Limited, along with joint venture partners China National Offshore Oil Corporation and Tokyo Gas, today announces a two-year, A$1.7 billion development of its natural gas tenements west of Wan...

    Kosmos Makes Second Major Gas Discovery Offshore Mauritania
    Posted On Nov 13 ,2015 - 11:29-AM | by admin

    Kosmos Energy (NYSE: KOS) announced today that the Marsouin-1 exploration well, located in the northern part of Block C-8 offshore Mauritania, has made a significant, play-extending gas discovery. Thi...

    Noble Midstream Partners LP Launches Initial Public Offering
    Posted On Nov 13 ,2015 - 11:41-AM | by admin

    Noble Midstream Partners LP ("Noble Midstream") today announced that it has commenced its initial public offering of 12,500,000 common units representing limited partner interests in Noble Midstream, ...

    Statoil bid for new licences offshore East Coast Canada Successfully
    Posted On Nov 13 ,2015 - 11:40-AM | by admin

    Statoil and its partners were the successful bidders for six exploration licences in the Flemish Pass Basin, offshore Newfoundland, and two licences offshore Nova Scotia. The licences offshore Newf...

    Africa Oil Announce Operations Update
    Posted On Nov 12 ,2015 - 11:20-PM | by admin

    Africa Oil Corp. ("Africa Oil" or the "Company") (TSX:AOI)(OMX:AOI) is pleased to announce an update on its operations in Kenya and Ethiopia.

      Kenya
    In the third q...

    Mart Resources Announces Private Placement with Delta Oil
    Posted On Nov 12 ,2015 - 11:12-PM | by admin

    Mart Resources, Inc. (TSX: MMT) (“Mart” or the “Company”) announces that further to its press release of October 16, 2015, Mart and Delta Oil Nigeria B.V. ("Delta") have jointly agreed, pursu...

    Global Petroleum granted licence renewal offshore Namibia
    Posted On Nov 12 ,2015 - 11:45-PM | by admin

    Global Petroleum Limited - AIM: GBP, ASX: GBP - the oil and gas exploration company presently focused on emerging plays in Africa and the Mediterranean, announced that its wholly owned subsidiary, Jup...

    Repsol Reports an adjusted net income of 1.399 billion euros
    Posted On Nov 12 ,2015 - 11:12-PM | by admin

    Repsol achieved an adjusted net income of 1.399 billion euros in the first nine months of 2015, 5% more than the 1.337 billion euros obtained in the same period of 2014. The strength of the company’...

    Eni signs concession and amendment agreements for petroleum exploration in Egypt
    Posted On Nov 12 ,2015 - 11:44-PM | by admin

    Eni signed today with the Egyptian Government three amendments for the IEOC concessions of "Sinai 12 and Abu Madi", "North Port Said" and "Baltim", which is in partnership with BP, and signed one new ...

    Effective Bid & tender Strategies for Gas and oil Workshop 2016.
    Posted On Nov 12 ,2015 - 11:10-AM | by admin

    During this interactive training, each delegate will learn greater ways and methods of overall bid and tender results, effectiveness, tender efficiency and outcomes, supplier sustainability, communica...

    CME Group Declares Dividend
    Posted On Nov 12 ,2015 - 11:03-AM | by admin

    CME Group Inc., the world's leading and most diverse derivatives marketplace, today declared a fourth-quarter dividend of $0.50 per share, payable December 28, 2015, to shareholders of record as of De...

    Technip awarded technology and EPC contract by CHS for a hydrogen plant in Montana, USA
    Posted On Nov 12 ,2015 - 11:22-AM | by admin

    Technip was awarded a significant contract by CHS Inc. to provide proprietary technology and Engineering, Procurement, Construction (EPC) for a 40 thousand normal cubic meters per hour grassroots hydr...

    Mitsui Announce Acquisition of Santos' Interest in an offshore gas and condensate field in Australia
    Posted On Nov 11 ,2015 - 11:38-PM | by admin

    Mitsui & Co., Ltd. ("Mitsui", Head Office Tokyo, President & CEO: Tatsuo Yasunaga) announced that it has reached an agreement with Santos Ltd.("Santos"), concerning the acquisition of the Santos' 35% ...

    Anadarko Issues Statement On Apache Offer
    Posted On Nov 11 ,2015 - 11:56-PM | by admin

    Anadarko Petroleum Corporation (NYSE: APC) today announced the following statement from Chairman, President and CEO Al Walker:

    "We constantly strive to make Anadarko a better compan...

    Statoil aims to further reduce CO2 emissions on the Norwegian continental shelf (NCS)
    Posted On Nov 11 ,2015 - 11:54-PM | by admin

    Since 2008, Statoil has had the aim of reducing CO2 emissions on the Norwegian continental shelf (NCS) by up to 800 000 tonnes by 2020. The company is already close to achieving this goal, four yea...

    ADNOC and Wintershall sign MoU for joint Chemical Enhanced Oil Recovery (cEOR) research
    Posted On Nov 11 ,2015 - 11:01-AM | by admin

    At the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) the Abu Dhabi National Oil Company (ADNOC) and the German E&P company Wintershall signed a Memorandum of Understanding (MoU)...

    Tullow issues Trading Update for the period 30 July to 11 November 2015
    Posted On Nov 11 ,2015 - 11:59-AM | by admin

    Tullow Oil plc (Tullow) will publish a Trading Statement and Operational Update on 13 January 2016. Full Year Results for 2015 will be announced on 10 February 2016.

      Highlights

    IMF Staff Concludes Visit to Turkmenistan
    Posted On Nov 11 ,2015 - 11:32-AM | by admin

    An International Monetary Fund (IMF) mission led by Mr. Björn Rother visited Ashgabat from November 4-10, 2015, to assess macroeconomic developments and discussed economic challenges and policy prior...

    IMF Mission Reaches Agreement on Staff-Monitored Program with Iraq
    Posted On Nov 11 ,2015 - 11:45-AM | by admin

    An International Monetary Fund (IMF) mission led by Christian Josz visited Amman from November 1–10, 2015 to discuss a Staff-Monitored Program (SMP) with the Iraqi authorities. At the end of th...

    London’s office development at seven year high with over 11 million sq ft under construction
    Posted On Nov 10 ,2015 - 11:39-PM | by admin

    The construction of offices in central London continues to grow as development activity increased by 18% in just six months. The latest London Office Crane Survey by Deloitte Real Estate has recorded ...

    Sterling Energy issues Interim Management Statement and financial results
    Posted On Nov 10 ,2015 - 11:32-PM | by admin

    Sterling Energy plc (the ‘Company’) together with its subsidiary undertakings (the ‘Group’) issued its Interim Management Statement and financial results for the third quarter ended 30 Septemb...

    Lundin commences Selada exploration well, offshore Malaysia
    Posted On Nov 10 ,2015 - 11:23-PM | by admin

    Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Malaysia BV (Lundin Malaysia) has commenced drilling of the Selada-1 exploration well in Block PM3...

    Husky completes jacket installation on Madura Strait field offshore Indonesia
    Posted On Nov 10 ,2015 - 11:58-PM | by admin

    Husky Energy (TSX: HSE) and its partners have achieved a significant milestone in advancing the Madura Strait BD gas-condensate field offshore Indonesia towards production. The jacket and wellhead ...

    Equatorial Guinea’s ‘Singapore of Africa’ ambition takes shape
    Posted On Nov 10 ,2015 - 11:44-AM | by admin

    Gabriel Obiang Lima, Equatorial Guinea’s Minister of Mines, Industry and Energy, believes the Central African nation’s success in the oil and gas sector stems from studying what has transpired in ...

    Political Climate Shifting Against The Oil And Gas Industry
    Posted On Nov 10 ,2015 - 11:49-AM | by admin

    Oil and gas companies have had a tough time over the past year trying to weather the storm of falling oil prices. But the political and financial winds are moving in the wrong direction for the indust...

    Nigeria Inching Closer to Oil Find in Chad Basin
    Posted On Nov 09 ,2015 - 11:08-PM | by admin

    The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC Dr. Ibe Kachikwu has indicated that the country may well be on the verge of a significant oil find in the lake Chad are...

    Apache Corporation announce third-quarter 2015 Results
    Posted On Nov 09 ,2015 - 11:00-PM | by admin

    Apache Corporation (NYSE, Nasdaq: APA) announced a third-quarter 2015 net loss of $5.7 billion, or $14.95 per diluted common share, which includes an after-tax ceiling test write down of $3.7 billion ...

    Winners of Oil & Gas UK Awards 2015 Announced
    Posted On Nov 09 ,2015 - 11:13-PM | by admin

    The winners of the Oil & Gas UK Awards 2015, sponsored by Shell U.K. Limited, were announced in Aberdeen. Winners were presented with their awards at an evening ceremony on Thursday 5th November, wher...

    McDermott Reports Third Quarter 2015 Financial and Operational Results
    Posted On Nov 09 ,2015 - 11:43-PM | by admin

    McDermott International, Inc. (NYSE:MDR) (“McDermott” or the “Company”) announced financial and operational results for the quarter ended September 30, 2015. The Company realized third quarte...

    McDermott Awarded EPCI Project Offshore Qatar
    Posted On Nov 09 ,2015 - 11:28-PM | by admin

    McDermott International, Inc. (NYSE:MDR) announced that it has been awarded a large brownfield contract by RasGas Company Limited (RasGas) for the engineering, procurement, construction and installati...

    Statement by IMF Managing Director at the Conclusion of Visit to Saudi Arabia
    Posted On Nov 09 ,2015 - 11:26-PM | by admin

    Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today at the conclusion of her visit to Saudi Arabia: “It has been a great pleasu...

    Rolls-Royce opens new Las Palmas workshop
    Posted On Nov 09 ,2015 - 11:48-PM | by admin

    Rolls-Royce opened a new, custom built, 2100m2 service facility at the Astican Shipyard in Las Palmas, on Gran Canaria in the Canary Islands. The centre is a partnership between Rolls-Royce and the sh...

    Atoll field in Egypt
    Posted On Nov 09 ,2015 - 11:34-PM | by admin

    BP announced that it has signed a Heads of Agreement (HoA) with the Egyptian Minister of Petroleum, His Excellency Eng. Tarek El Molla, regarding the acceleration of the development of the recent Atol...

    SacOil Joins Consortium to Develop Equatorial Guinea’s Bioko Oil Terminal
    Posted On Nov 09 ,2015 - 11:29-AM | by admin

    South African oil and gas company SacOil will join the consortium of Taleveras Group, Gunvor Group and the Strategic Fuel Fund in developing the Bioko Oil Terminal tank farm in Equatorial Guinea. T...

    Africa Oil Announce Farm-Out Deal With Maersk Oil for Kenya and Ethiopia Blocks
    Posted On Nov 09 ,2015 - 11:39-AM | by admin

    Africa Oil Corp. ("Africa Oil" or the "Company") (TSX:AOI)(OMX:AOI) announced that it has entered into a definitive farmout agreement with Maersk Oil & Gas A/S, a Danish oil and gas company owned by t...

    Shell launches Quest carbon capture and storage project
    Posted On Nov 09 ,2015 - 11:29-AM | by admin

    Shell today celebrated the official opening of the Quest carbon capture and storage (CCS) project in Alberta, Canada, and the start of commercial operations there. Quest is designed to capture and saf...

    Zion Oil & Gas Release Independent Resource Assessment Report
    Posted On Nov 09 ,2015 - 11:32-AM | by admin

    Zion Oil & Gas, Inc. (NASDAQ: ZN) (“Zion”) announced the public release of a resource assessment report, also known as a Competent Person's Report (“Garb Report”), prepared by an independent, ...

    IMF Managing Director Discusses Economic Challenges with GCC Countries
    Posted On Nov 09 ,2015 - 11:37-AM | by admin

    Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today at the conclusion of a meeting in Qatar with the finance ministers and central b...

    Akastor to divest real estate portfolio of eight properties
    Posted On Nov 09 ,2015 - 11:56-AM | by admin

    Akastor has entered into an agreement with Aker to divest eight properties with long-term lease agreements. The properties are valued at NOK 1 243 million in an all-cash transaction.

    Oando Energy Repays $100 Million Afrexim Facility
    Posted On Nov 06 ,2015 - 11:07-PM | by admin

    Oando Energy Resources Inc. (“OER” or the “Company”) (TSX: OER), a company focused on oil and gas exploration and production in Nigeria, announced a $91 Million upsizing of its senior secured ...

    IMF Staff Concludes Review Mission to Ghana
    Posted On Nov 06 ,2015 - 11:32-PM | by admin

    A team from the International Monetary Fund (IMF), led by Joël Toujas-Bernaté, visited Accra from October 21–November 5, 2015, to conduct discussions on the second review of Ghana’s financial an...

    Oil Megaprojects Won't Stay On The Shelf For Long
    Posted On Nov 06 ,2015 - 11:49-AM | by admin

    One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locale...

    Reduced equity share at Agbami field, Nigeria following redetermination
    Posted On Nov 06 ,2015 - 11:51-AM | by admin

    Statoil (OSE: STL, NYSE: STO) has received an Expert calculation of revised tract participations for the Agbami field in Nigeria. Assuming implementation, this calculation will result in a reductio...

    Songa Offshore SE Announce Third Quarter 2015 Results
    Posted On Nov 06 ,2015 - 11:52-AM | by admin

    Songa Offshore SE reports total revenue for the third quarter 2015 of USD 124 million and EBITDA of USD 64 million.

    "The Cat D project has advanced to another phase with Songa Equi...

    Eni makes a new discovery offshore Congo
    Posted On Nov 05 ,2015 - 11:25-AM | by admin

    Eni made a new discovery of gas and condensates offshore Congo, in the exploration prospect of Nkala Marine, located in Marine XII block, about 20 kilometers from the coast and 3 kilometers from the N...

    Golar and West African Gas Limited Agree Ghana FSRU Contract
    Posted On Nov 05 ,2015 - 11:09-AM | by admin

    Golar LNG Limited ("Golar") announced that it has executed a firm contract to provide West African Gas Limited ("WAGL") with Floating Storage and Regasification Unit ("FSRU") services to support their...

    Faroe announce Blink well results
    Posted On Nov 05 ,2015 - 11:16-AM | by admin

    Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, announces the results of the Blink exploration we...

    Cairn Energy spuds SNE-2 appraisal well offshore Senegal
    Posted On Nov 05 ,2015 - 11:57-AM | by admin

    V partner FAR reports that JV partner Cairn Energy has spudded the first appraisal well to be drilled on the SNE oil field located 100km offshore Senegal. The SNE-2 well will be drilled in approx. 1,1...

    Aker Solutions ASA Announce Third-Quarter Results 2015
    Posted On Nov 05 ,2015 - 11:53-AM | by admin

    Aker Solutions made good progress on major projects from Africa to Norway and Brazil in the third quarter of 2015 amid a push to improve operations and bring down costs across the business.

    China Minsheng Bank extends a credit line of over four billion RMB to WISON Offshore & Marine
    Posted On Nov 04 ,2015 - 11:22-PM | by admin

    WISON Offshore & Marine Ltd. (WISON Offshore & Marine) announced that it has been granted over 4-billion-RMB ($630m) line of credit by China Minsheng Bank (CMBC) to support its new order financing. ...

    Searcher announces new multi-client 2D seismic survey over the Gulf of Papua, PNG.
    Posted On Nov 04 ,2015 - 11:45-PM | by admin

    Searcher Seismic announced the Haere 2D Seismic Survey offshore PNG. The survey, in cooperation with the Department of Petroleum and Energy (DPE) and project partner BGP, comprises ~17,000 km of 2D l...

    Sonangol And Eni meet to Discuss the strategic and operational partnership between the two companies
    Posted On Nov 04 ,2015 - 11:53-PM | by admin

    The Chairman of Sonangol, Francisco de Lemos Maria, today met Eni’s CEO, Claudio Descalzi, in Rome. During the meeting, which further strengthened the strategic and operational partnership betwe...

    NNPC Replaces Offshore Processing Arrangement
    Posted On Nov 04 ,2015 - 11:13-PM | by admin

    In a major steer designed to enshrine transparency and eliminate the activities of middlemen in the crude oil exchange for product matrix, the Management of the Nigerian National Petroleum Corporation...

    Songa Offshore SE Announce October fleet update
    Posted On Nov 04 ,2015 - 11:40-PM | by admin

    Songa Dee achieved an operational efficiency of 100% and an earnings efficiency of 99% working for Statoil in Norway. Songa Delta achieved an operational efficiency of 100% and an earnings efficie...

    Accommodation rig contract for Johan Sverdrup
    Posted On Nov 04 ,2015 - 11:06-PM | by admin

    Statoil has, on behalf of the Johan Sverdrup licence, awarded a contract to Jacktel AS, a wholly owned subsidiary of Master Marine AS, for providing accommodation services on the Johan Sverdrup field....

    Four-way international partnership secures £1.5 billion UK renewable energy project
    Posted On Nov 03 ,2015 - 11:07-PM | by admin

    RWE Innogy announced three new project partners for Galloper Wind Farm Ltd (GWFL). UK Green Investment Bank (GIB), Siemens Financial Services and Macquarie Capital, join RWE Innogy in...

    Statoil to build the world’s first floating wind farm
    Posted On Nov 03 ,2015 - 11:45-AM | by admin

    Statoil has made the final investment decision to build the world’s first floating wind farm: The Hywind pilot park offshore Peterhead in Aberdeenshire, Scotland. This marks an important step fo...

    GE Oil & Gas to Acquire Advantec
    Posted On Nov 02 ,2015 - 11:16-PM | by admin

    GE Oil & Gas (NYSE: GE) has agreed to acquire Advantec, a leading provider of subsea intervention equipment and services, to boost the company’s capabilities to offer cost-efficient products and ser...

    Chevron Announces First Production from the Lianzi Development
    Posted On Nov 02 ,2015 - 11:46-PM | by admin

    Chevron Corporation (NYSE:CVX) announced today that its subsidiary, Chevron Overseas (Congo) Limited, has commenced oil and gas production from the Lianzi Field, located in a unitized offshore zone be...

    Noble Energy Announces Third Quarter 2015 Results
    Posted On Nov 02 ,2015 - 11:30-PM | by admin

    Noble Energy, Inc. (NYSE:NBL) ("Noble Energy" or "the Company") announced today a third quarter 2015 net loss of $283 million, or $0.67 per diluted share. Excluding the impact of certain items which ...

    Songa Offshore Announce Cancellation of the Songa Trym drilling contract
    Posted On Nov 02 ,2015 - 11:20-AM | by admin

    Songa Offshore SE (the "Company") has received a notice of cancellation of the drilling contract with Statoil for Songa Trym when the current well, Tarvos, is completed around 12 November 2015. <...

    Statoil cancels contract with Songa Trym
    Posted On Nov 02 ,2015 - 11:05-AM | by admin

    Statoil has decided to cancel the contract with Songa Trym, four months before the expiration of contract on 4 March 2016. Statoil has previously notified Songa Offshore that the rig would be suspe...

    Shell completes two Downstream divestments
    Posted On Nov 02 ,2015 - 11:03-AM | by admin

    Royal Dutch Shell plc (Shell) announced the completion of two divestments from its global downstream portfolio. In France, the company has completed the sale of its Butagaz LPG business to DCC Energy...

    Chevron Reports $2.0 Billion Third Quarter Net Income
    Posted On Oct 30 ,2015 - 10:16-PM | by admin

    Chevron Corporation (NYSE: CVX) today reported earnings of $2.0 billion ($1.09 per share – diluted) for third quarter 2015, compared with earnings of $5.6 billion ($2.95 per share – diluted) in t...

    ExxonMobil Announce $4.2 Billion Earnings in Third Quarter of 2015
    Posted On Oct 30 ,2015 - 10:21-PM | by admin

    Exxon Mobil Corporation today announced estimated third quarter 2015 earnings of $4.2 billion, or $1.01 per diluted share, compared with $8.1 billion a year earlier. Significantly lower Upstream reali...

    Statoil to explore offshore Mozambique
    Posted On Oct 30 ,2015 - 10:36-AM | by admin

    Statoil has together with partners submitted a winning bid on the A5-A block offshore Mozambique in the fifth competitive bidding round. The Eni led partnership will subsequently enter into negotiati...

    Eni, Statoil, Sasol and ENH, awarded new exploration block in the offshore of Mozambique
    Posted On Oct 30 ,2015 - 10:39-AM | by admin

    Eni, together with Statoil, Sasol and ENH, have been awarded, following the 5th Competitive Mozambique Bid Round, the exploration and development rights of the offshore block A5-A, in the area of Mo...

    BG Group plc Announce 2015 THIRD QUARTER & NINE MONTHS RESULTS
    Posted On Oct 30 ,2015 - 10:42-AM | by admin

    Revenue and other operating income decreased 9% to $4 147 million, reflecting a significant fall in realised sales prices impacting both the Upstream and LNG Shipping & Marketing segments. The impact ...

    OFS Portal’s emphasises eCommerce operations
    Posted On Oct 30 ,2015 - 10:05-AM | by admin

    OFS Portal, an oil and gas industry specialist connecting its members to buyers to improve efficiencies in their trading partner business processes, is turning its attention to eCommerce. Speaking ...

    CNOOC Announces Key Operational Figures for Third Quarter 2015
    Posted On Oct 29 ,2015 - 10:04-PM | by admin

    CNOOC Limited (the “Company”, NYSE: CEO, SEHK: 00883, TSX: CNU) today announced its key operational statistics for the third quarter of 2015. In the third quarter, the Company achieved a total ...

    ConocoPhillips Reports Third-Quarter 2015 Results
    Posted On Oct 29 ,2015 - 10:03-PM | by admin

    ConocoPhillips (NYSE: COP) today reported a third-quarter 2015 net loss of $1.1 billion, or ($0.87) per share, compared with third-quarter 2014 earnings of $2.7 billion, or $2.17 per share. Excluding ...

    Eni starts new production from the "near field" discoveries in the Nile Delta and in the Western Desert
    Posted On Oct 29 ,2015 - 10:16-PM | by admin

    Eni announces the success of the "Nidoco North West 3" well drilling, appraisal of “Nidoco NW 2 Dir‘ discovery, in the Nooros exploration prospect, located in the Abu Madi West license in the Nile...

    Israeli Prime Minister and the Infrastructure, Energy and Water Minister meets Eni's CEO
    Posted On Oct 29 ,2015 - 10:12-PM | by admin

    The Prime Minister of Israel, Benjamin Netanyahu, and the Infrastructure, Energy and Water Minister, Yuval Steinitz, met today in Jerusalem Eni’s CEO, Claudio Descalzi. During the meeting, Eni...

    Bechtel to Transition One Of Largest Coal-to-Natural Gas Power Plant Sites in US
    Posted On Oct 29 ,2015 - 10:54-PM | by admin

    Bechtel, a global leader in engineering, procurement, and construction, has been selected by Panda Power Funds to build a new 1,124-megawatt combined-cycle, electric generating facility as part of one...

    Equatorial Guinea Promotes New Offshore Exploration in 2016
    Posted On Oct 29 ,2015 - 10:48-PM | by admin

    Ministry of Mines, Industry and Energy will launch bidding round in 2016 Following the success of its 2012 and 2014 bidding rounds, the Ministry of Mines, Industry and Energy of Equatorial Guinea has...

    Chevron Announces the Successful Appraisal of the Anchor Discovery in the Deepwater Gulf of Mexico
    Posted On Oct 29 ,2015 - 10:38-PM | by admin

    Chevron Corporation (NYSE:CVX) announced the successful appraisal of the Anchor discovery in the Lower Tertiary Wilcox Trend.

    "The positive results of our appraisal work at Anchor ...

    CME Group Inc. Reports Strong Third-Quarter 2015 Financial Results
    Posted On Oct 29 ,2015 - 10:27-PM | by admin

    CME Group Inc. (NASDAQ: CME) today reported revenues of $850 million and operating income of $516 million for the third quarter of 2015. Net income was $360 million and diluted earnings per share we...

    Genel Energy Announce Sale of interest in Chia Surkh PSC
    Posted On Oct 29 ,2015 - 10:47-PM | by admin

    Genel Energy plc (‘Genel’) announced the sale of a 20% participating interest in the Chia Surkh Production Sharing Contract (‘PSC’) to Petoil Inc (‘Petoil’). As consideration for the sa...

    DONG Energy to build the world’s biggest offshore wind farm
    Posted On Oct 29 ,2015 - 10:22-PM | by admin

    DONG Energy has decided to construct the 660MW Walney Extension Offshore Wind Farm, located in the Irish Sea, approximately 19 km off the west coast of Britain. The final investment decision has b...

    Wood Group wins new global subsea contract with BP
    Posted On Oct 29 ,2015 - 10:20-PM | by admin

    Wood Group has secured a new multi-million dollar contract to provide engineering services to BP's existing subsea infrastructure in the Gulf of Mexico, UK and Norwegian continental shelves and off...

    Rosneft and ExxonMobil Win Big In Mozambique License Round
    Posted On Oct 29 ,2015 - 10:30-AM | by admin

    RN-Exploration (100% Rosneft subsidiary) and ExxonMobil Exploration and Production Mozambique Offshore Limited were declared winners for 3 blocks in the fifth license round organized by the Republic o...

    Forget Vegas, Nevada Is Now About Reno And Lithium
    Posted On Oct 29 ,2015 - 10:04-AM | by admin

    Nevada is booming as new lithium companies rush in to stake out targets and massive business development gets underway, from Tesla to Amazon and Apple. As the state's southwest corner fills up with ne...

    Statoil to explore offshore South Africa
    Posted On Oct 29 ,2015 - 10:45-AM | by admin

    Statoil has completed a farm-in transaction with ExxonMobil Exploration and Production South Africa Limited (ExxonMobil), acquiring a 35 percent interest in the ER 12/3/154 Tugela South Exploration Ri...

    Noble Announces Humpback well results offshore the Falkland Islands
    Posted On Oct 29 ,2015 - 10:17-AM | by admin

    Noble Energy announced that the Humpback well offshore the Falkland Islands reached total depth and is being plugged and abandoned. Humpback was drilled in the Fitzroy sub-basin of the Southern Area L...

    Noble Announces Early Start-up at Big Bend in the Deepwater Gulf of Mexico
    Posted On Oct 29 ,2015 - 10:17-AM | by admin

    Noble Energy, Inc. (NYSE: NBL) announced today that the Big Bend oil development in the deepwater Gulf of Mexico commenced production on October 26, 2015. The single-well field is ramping as expected ...

    Chevron Announces Quarterly Dividend
    Posted On Oct 29 ,2015 - 10:27-AM | by admin

    The Board of Directors of Chevron Corporation (NYSE: CVX) declared a quarterly dividend of one dollar and seven cents ($1.07) per share, payable December 10, 2015, to all holders of common stock as s...

    ExxonMobil to Expand Rotterdam Hydrocracker
    Posted On Oct 29 ,2015 - 10:15-AM | by admin

    ExxonMobil will expand the hydrocracker unit at its Rotterdam refinery to upgrade heavier byproducts into cleaner, higher-value finished products, including EHCTM Group II base stocks and ultra-low su...

    Royal Dutch Shell plc Announce Third Quarter 2015 Results
    Posted On Oct 29 ,2015 - 10:16-AM | by admin

    Royal Dutch Shell plc released its third quarter results and third quarter interim dividend announcement for 2015.

      Highlights:
    1. Royal Dutch Shell’s ...

    Total announces its third quarter 2015 interim dividend
    Posted On Oct 29 ,2015 - 10:49-AM | by admin

    The Board of Directors of Total met on October 28, 2015, and approved a third quarter 2015 interim dividend of 0.61 euros per share. This interim dividend, unchanged compared to the first and second q...

    Eni Release Third Quarter Highlights and FY 2015 outlook
    Posted On Oct 29 ,2015 - 10:42-AM | by admin

    Eni’s Board of Directors approved group results for the third quarter and nine months of 20151 (unaudited)

    1. Divestment of interest in Saipem: agreed the terms of the sale of a 12.5% int...

    Exxon Mobil Corporation Declares Fourth Quarter Dividend
    Posted On Oct 28 ,2015 - 10:03-PM | by admin

    The Board of Directors of Exxon Mobil Corporation (NYSE:XOM) today declared a cash dividend of 73 cents per share on the Common Stock, payable on December 10, 2015 to shareholders of record of Common ...

    Chevron Announces Senior Management Changes
    Posted On Oct 28 ,2015 - 10:28-PM | by admin

    Chevron Corporation (NYSE: CVX) announced today that two of its top executives will assume new roles effective Jan. 1, 2016. Michael Wirth will become executive vice president for Midstrea...

    Brazil's Oil Industry Regulator, ANP supports LatAm HSSE 2015
    Posted On Oct 28 ,2015 - 10:57-PM | by admin

    A recent explosion on an offshore oil and gas platform operated by Brazil's Petrobras killed at least three workers. Brazil's oil industry regulator, ANP, said that fire caused by the blast had been c...

    Hess Announce Estimated Results For Third Quarter 2015
    Posted On Oct 28 ,2015 - 10:09-PM | by admin

    Hess Corporation (NYSE: HES) reported an adjusted net loss, which excludes items affecting comparability, of $291 million or $1.03 per common share, for the third quarter of 2015 compared with adjuste...

    Circle Oil Announce Operating Update in Morocco
    Posted On Oct 28 ,2015 - 10:40-AM | by admin

    Circle Oil plc (AIM: COP), the North African focused oil and gas exploration, development and production company, announced a discovery at the Caid El Gaddari-13 (CGD-13) exploration well on the Sebo...

    Occidental Petroleum Announces 3rd Quarter 2015 Results
    Posted On Oct 28 ,2015 - 10:36-AM | by admin

    Occidental Petroleum Corporation (NYSE: OXY) announced core income for the third quarter of 2015 of $24 million or $0.03 per diluted share. Reported income was a loss of $3.42 per...

    Stop Blaming OPEC For Low Oil Prices
    Posted On Oct 28 ,2015 - 10:39-AM | by admin

    We are a little more than a month away from OPEC's next meeting, which will be held in Vienna on December 4, 2015. OPEC altered the course of the oil markets last year when it decided to cast aside ...

    CGG to Promote 11th Gabon Licensing Round
    Posted On Oct 28 ,2015 - 10:47-AM | by admin

    CGG announced that it has been appointed as technical consultant by the Gabonese Republic’s Ministry of Petroleum and Hydrocarbons to help with the promotion of its 11th Licensing Round focusing on ...

    Statoil Announces Third Quarter 2015 Results
    Posted On Oct 28 ,2015 - 10:01-AM | by admin

    Statoil (OSE:STL, NYSE:STO) delivered adjusted earnings of NOK 16.7 billion and adjusted earnings after tax of NOK 3.7 billion in the third quarter. Statoil reported net income in accordance with IFRS...

    Technip awarded technology license and process design package contract for grassroots ethylene cracker in the U.S.
    Posted On Oct 28 ,2015 - 10:36-AM | by admin

    Technip announced that it has entered into a contract to supply its proprietary ethylene technology and PDP to PTTGC America LLC (PTTGCA), a subsidiary of PTT Global Chemical, Thailand’s largest in...

    Eni sells 12.5% stake in Saipem to Fondo Strategico Italiano,
    Posted On Oct 28 ,2015 - 10:40-AM | by admin

    Eni S.p.A. ("Eni") announced that it executed a sale and purchase agreement (the "Sale and Purchase Agreement"), pursuant to which it will sell a stake in Saipem S.p.A. ("Saipem" or the "Company") con...

    Anadarko Announces Third-Quarter 2015 Results
    Posted On Oct 28 ,2015 - 10:10-AM | by admin

    Anadarko Petroleum Corporation (NYSE: APC) announced its financial and operating results for the third quarter of 2015, including a net loss attributable to common stockholders of $2.235 billi...

    Shell to halt Carmon Creek in situ project
    Posted On Oct 28 ,2015 - 10:38-AM | by admin

    Royal Dutch Shell plc (“Shell”) announces that the company will not continue construction of the 80,000 barrel per day Carmon Creek thermal in situ project located in Alberta, Canada. Shell ori...

    Lundin Makes Small Gas Discovery, Offshore Malaysia
    Posted On Oct 27 ,2015 - 10:11-PM | by admin

    Lundin Petroleum AB (Lundin Petroleum) announces that its wholly owned subsidiary Lundin Malaysia BV (Lundin Malaysia) has made a small gas discovery with the Mengkuang-1 exploration well in license P...

    Galp Energia acquires an operator position in Block 6 off São Tomé and Príncipe
    Posted On Oct 27 ,2015 - 10:58-PM | by admin

    Galp Energia, SGPS, S.A. (“Galp Energia”) informs that an agreement has been reached between the Government of São Tomé and Príncipe, Galp Energia and Kosmos Energy for the award of Block 6 off...

    Maersk Oil Announce Global workforce reductions
    Posted On Oct 27 ,2015 - 10:37-PM | by admin

    Maersk Oil has announced its intention to implement workforce reductions amounting to 10-12% of roles across its business. The move, part of the company’s drive to reduce operating costs by 20% b...

    Caofeidian 6-4 Confirmed to be a Mid-sized Oilfield
    Posted On Oct 27 ,2015 - 10:33-PM | by admin

    CNOOC Limited (the “Company”, NYSE: CEO, SEHK: 00883, TSX: CNU) announced that Caofeidian 6-4 oil structure in Bohai discovered in 2014 was appraised successfully and confirmed to be a mid-sized o...

    GE Oil & Gas Signs Expanded Contract Service Agreement with Cheniere Energy
    Posted On Oct 27 ,2015 - 10:22-PM | by admin

    GE Oil & Gas (NYSE: GE) has signed a $610 million agreement with Corpus Christi Liquefaction, LLC, a subsidiary of Cheniere Energy, Inc. (NYSE MKT: LNG) to provide spare parts and planned inspection...

    BP reports third quarter 2015 results
    Posted On Oct 27 ,2015 - 10:15-AM | by admin

    BP reported results for the third quarter of 2015 and set out a medium-term financial frame to balance cash flows by 2017 at around $60 per barrel. BP reported underlying replacement cost profit ...

    Europe Oilfield Services Market - Analysis & Forecasts to 2019
    Posted On Oct 27 ,2015 - 10:03-AM | by admin

    The Europe oilfield services market was valued at $45,592.5 million in 2014, and is projected to reach $60,017.5 million by 2019, at a CAGR of 5.7% from 2014 to 2019. The growth of this market can be ...

    Technip awarded contract to supply flexible pipes for the Libra pre-salt field
    Posted On Oct 27 ,2015 - 10:00-AM | by admin

    Technip was awarded a substantial contract from Libra Oil & Gas BV, a consortium led by Petrobras Netherland BV (40%) and partners: Shell (20%), Total (20%), CNOOC (10%) and CNPC (10%). The project...

    Oando Announce Results for the six months period ended 30 June, 2015
    Posted On Oct 26 ,2015 - 10:19-PM | by admin

    Oando PLC (referred to as “Oando” or the “Group”), Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, today announced unaudited results fo...

    RAK Petroleum Reports Start of Production from Second Côte d'Ivoire Offshore Platform
    Posted On Oct 26 ,2015 - 10:46-AM | by admin

    RAK Petroleum plc, the Oslo-listed oil and gas investment company, announced today commencement of production by operator Foxtrot International LDC from a second platform on Block CI-27 offshore Côte...

    Babyloan and Total Team Up to Create the First Ever Crowdfunding Platform
    Posted On Oct 26 ,2015 - 10:51-AM | by admin

    Babyloan, a European leader in crowdfunding*, and Total have teamed up to develop the first crowdfunding platform dedicated to access to energy. The partners are aiming to accelerate access to energy ...

    Neste's Interim Report for January-September 2015
    Posted On Oct 25 ,2015 - 10:12-PM | by admin

    All-time high quarterly comparable operating profit as a result of strong refining market and good operational performance Third quarter in brief: Comparable operating profit to...

    Day Of Reckoning For U.S. Shale Will Have To Wait
    Posted On Oct 25 ,2015 - 10:42-PM | by admin

    October has been billed as a pivotal month in which indebted shale companies would see their credit lines cut, precipitating a faster consolidation in the industry that would sow the seeds of a reboun...

    BG Group host Gastech 2015
    Posted On Oct 25 ,2015 - 10:36-PM | by admin

    BG Group is proud to host the 28th edition of Gastech, taking place from 27-29 October 2015 in Singapore. Gastech is the leading industry event for the international oil and gas industry, attractin...

    Rosneft agreed to sell 8.99% interest in Saras S.p.A.
    Posted On Oct 22 ,2015 - 10:21-PM | by admin

    Rosneft JV Projects S.A. (Luxembourg), an indirect subsidiary of Rosneft Oil Company, has agreed to sell to institutional investors 85,481,816 ordinary shares in Saras S.p.A., representing approximate...

    BP and CNPC to expand global partnership
    Posted On Oct 22 ,2015 - 10:51-PM | by admin

    In an expansion of their ongoing global partnership, BP and China National Petroleum Corporation (CNPC) today entered into a framework agreement on strategic cooperation covering potential shale gas e...

    BP Signs multibillion dollar LNG deal With Chinese Energy Company
    Posted On Oct 22 ,2015 - 10:04-PM | by admin

    BP and China Huadian Corporation (Huadian) signed a sale and purchase agreement for BP to sell Huadian up to 1 million tonnes of liquefied natural gas (LNG) per year worth up to $10 billion over the n...

    Noble Energy Announces Filing of Registration Statement for Initial Public Offering of Noble Midstream Partners LP
    Posted On Oct 22 ,2015 - 10:54-PM | by admin

    Noble Energy, Inc. (NYSE: NBL) ("Noble Energy" or the "Company") announced today that its wholly owned subsidiary, Noble Midstream Partners LP ("Noble Midstream"), has filed a Registration Statement o...

    Falcon Announce Preliminary Results of Second Beetaloo Well
    Posted On Oct 22 ,2015 - 10:14-AM | by admin

    Falcon Oil & Gas Ltd. (TSX VENTURE:FO)(FOG.L)(FAC) announced that drilling operations have successfully concluded on the Amungee NW-1 well. Results encountered are very encouraging, with the well dril...

    CGG Begins BroadSeis Survey in Brazil’s Barreirinhas Basin
    Posted On Oct 22 ,2015 - 10:59-AM | by admin

    CGG announced that it has now received all necessary permits to start acquiring the industry’s first regional broadband seismic survey of the Barreirinhas Basin in the Equatorial Margin of northern ...

    Oil Glut Appears To Be Getting Worse, Not Better
    Posted On Oct 22 ,2015 - 10:53-AM | by admin

    Back in the spring, oil prices plunged to 7-year lows amid fears that U.S. inventories were going to fill to the brim. As we all know now, that didn’t happen – although they did peak at a mighty 4...

    GGP’s Water-Tek® Wins 2015 ICIS Innovation Award
    Posted On Oct 22 ,2015 - 10:36-AM | by admin

    Global Green Products, LLC (GGP), a leader in green chemistry for the oil and gas industry, announced that its Water-Tek product has been selected as the winner of the 2015 ICIS Innovation Award for B...

    Climate Research Stories Inaccurate and Deliberately Misleading says ExxonMobil
    Posted On Oct 22 ,2015 - 10:22-AM | by admin

    Exxon Mobil Corporation (NYSE:XOM) said today that media and environmental activists’ allegations about the company’s climate research are inaccurate and deliberately misleading. “For nearly ...

    SacOil Announce licence extension for Block III, Albertine Graben, Congo (DRC)
    Posted On Oct 22 ,2015 - 10:58-AM | by admin

    Following application to the Ministry of Hydrocarbons of the Democratic Republic of Congo (“DRC”), the joint venture partners, with Total E&P RDC as operator, were informed that the Block III lice...

    Technip awarded flexible pipe contract for the Layang Development
    Posted On Oct 22 ,2015 - 10:27-AM | by admin

    Technip has been awarded an important subsea contract by JX Nippon Oil and Gas Exploration (Malaysia) Ltd in the Layang field, Block SK10, offshore Sarawak, Malaysia at a water depth of 85 meters. ...

    ERHC Energy reaches Agreement with Kosmos for Block 11, São Tomé and Principe EEZ
    Posted On Oct 21 ,2015 - 10:00-PM | by admin

    ERHC Energy Inc. (OTCMKTS: ERHE), a publicly traded American company with oil and gas assets in Sub-Saharan Africa announced that it has reached an agreement with Kosmos Energy (NYSE: KOS), a leading ...

    Halliburton Announces Third Quarter Earnings
    Posted On Oct 21 ,2015 - 10:10-PM | by admin

    Halliburton Company (NYSE:HAL) announced that income from continuing operations for the third quarter of 2015 was $265 million, or $0.31 per diluted share, excluding special items. This compares to i...

    InterOil Announce Second rig to join Antelope appraisal
    Posted On Oct 21 ,2015 - 10:55-AM | by admin

    InterOil Corporation (NYSE: IOC) (POMSoX: IOC) has assigned one of its drilling rigs to the Elk-Antelope appraisal program in Papua New Guinea. The PRL 15 Joint Venture, which is operated by Total...

    Sound Energy, Schlumberger Oilfield form Strategic Collaboration
    Posted On Oct 21 ,2015 - 10:54-AM | by admin

    Sound Energy, the European / Mediterranean focused upstream oil and gas company announced it has signed a : (i) a Memorandum of Understanding ("MOU") with Schlumberger Oilfield Holdings Limit...

    Nigeria, Ghana Reach Agreement to Settle N33.8bn Gas Debt in February
    Posted On Oct 20 ,2015 - 10:34-PM | by admin

    The Nigerian Federal Government has reached an agreement with Ghana on the modalities to settle the outstanding N33.8bn owed by the Volta River Authority (VRA) on gas supplied for power generation by ...

    Eni's sustainability excellence in the Congo
    Posted On Oct 20 ,2015 - 10:21-PM | by admin

    Eni, the Official Partner for Sustainability Initiatives in African Countries of Expo Milano 2015, is organising a meeting with representatives of the Republic of Congo at the Casa Corriere of the U...

    AWE’s second exploration well in China reaches Total Depth
    Posted On Oct 20 ,2015 - 10:35-AM | by admin

    AWE Limited (ASX: AWE) advises that the Operator of Block 09/05 in the Bohai Bay Basin, China, ROC Oil Company Limited (ROC) has confirmed that the second of two planned exploration wells in the block...

    Sercel’s QuietSea passive acoustic monitoring system (PAM) continues to gain momentum
    Posted On Oct 20 ,2015 - 10:03-AM | by admin

    Sercel announced today that its revolutionary new QuietSea™ system, used to detect the presence of marine mammals during seismic operations, has been successfully operating onboard multiple seismic ...

    Ocean Rig Athena drill ship commences mobilisation to Senegal
    Posted On Oct 20 ,2015 - 10:42-AM | by admin

    The Ocean Rig Athena drill ship has commenced mobilisation from Luanda, Angola in preparation for the appraisal and exploration drilling program in FAR’s highly prospective blocks, offshore Senegal....

    EMAS Offshore Awarded US$33 Million Contracts
    Posted On Oct 20 ,2015 - 10:40-AM | by admin

    EMAS Offshore Limited (OSE:EMAS) (“EMAS Offshore” or “the Group”), an established offshore services provider offering offshore support, accommodation, construction and production services to t...

    Technip awarded contract to supply hydrogen reformers for PETRONAS’ RAPID project in Malaysia
    Posted On Oct 20 ,2015 - 10:20-AM | by admin

    Technip has been awarded by Tecnicas Reunidas a significant contract to supply three hydrogen reformers as part of the hydrogen production facility at PETRONAS’ Refinery and Petrochemical Integrated...

    Oil Market Showdown: Can Russia Outlast The Saudis?
    Posted On Oct 20 ,2015 - 10:18-AM | by admin

    "Two men enter, one man leaves, two men enter, one man leaves, two men enter..." Mad Max: Beyond Thunderdome On November 27, oil consuming countries will celebrate the first anniversary of the S...

    Mart Enters Into Arrangement Agreement With Delta Oil
    Posted On Oct 19 ,2015 - 10:52-PM | by admin

    Mart Resources, Inc. (TSX: MMT) (“Mart” or the “Company”) announces that it has entered into an arrangement agreement (the “Arrangement Agreement”) with Delta Oil Nigeria B.V. ("Delta"). U...

    Kuwait Energy announces commencement of oil production from Faihaa-1 well in Block 9, Iraq
    Posted On Oct 19 ,2015 - 10:00-PM | by admin

    Kuwait Energy has announced that the consortium comprising of Kuwait Energy Company (60%) as the operator, Dragon Oil (30%) and the Egyptian General Petroleum Corporation (10%) has commenced oil produ...

    Project Financing in Oil and Gas 2015
    Posted On Oct 19 ,2015 - 10:01-PM | by admin

    Less than 5 weeks remain until SMi opens the doors to the 2nd annual Project Financing in Oil and Gas Conference. This truly global event features attendees from all over the world including A...

    Total sells a further 15% interest in the Gina Krog field
    Posted On Oct 19 ,2015 - 10:34-AM | by admin

    Total has signed an agreement to sell a 15% interest in the Gina Krog field in Norway to Tellus Petroleum, a subsidiary of Sequa Petroleum NV. The completion payment will total 1.4 billion NOK. The tr...

    President of Egypt meets Eni 's CEO
    Posted On Oct 19 ,2015 - 10:06-AM | by admin

    The President of the Republic of Egypt, Abdel Fattah Al-Sisi, and Eni’s Chief Executive Officer, Claudio Descalzi, met yesterday in Cairo to discuss Eni's activities in the country. During the m...

    Schlumberger Announces Third-Quarter 2015 Results
    Posted On Oct 16 ,2015 - 10:20-AM | by admin

    Revenue of $8.5 billion decreased 6% sequentially • EPS of $0.78 declined 11% sequentially • Free cash flow of $1.7 billion represented 170% of earnings • Sequential and year-over-year decre...

    OGCI CEOs declare action on climate change
    Posted On Oct 16 ,2015 - 10:51-AM | by admin

    The chief executive officers of 10 of the world’s largest oil and gas companies - which together provide almost a fifth of all oil and gas production and supply nearly 10% of the world’s energy - ...

    Gladstone LNG ships first liquefied natural gas cargo
    Posted On Oct 16 ,2015 - 10:41-AM | by admin

    The first shipment of liquefied natural gas (LNG) from the Gladstone LNG project has been loaded and is now on its way to South Korea. The plant at Curtis Island will produce 7.2 million tons of LNG p...

    Aker Solutions and MAN Diesel & Turbo Form Subsea Compression Alliance
    Posted On Oct 16 ,2015 - 10:50-AM | by admin

    Aker Solutions and MAN Diesel & Turbo agreed to form an alliance to develop the next generation in subsea compression systems that can be used at even the smallest oil and gas fields to increase recov...

    Neste's NEXBTL renewable diesel to power City of Oakland's municipal fleet
    Posted On Oct 16 ,2015 - 10:19-AM | by admin

    The City of Oakland, California began filling up its vehicles with Neste's NEXBTL renewable diesel in order to reduce the emissions of their municipal fleet. Oakland is the first major US city to conv...

    TAG Oil Reports a Reduction in Forward Guidance and Reduced Capital Spending
    Posted On Oct 15 ,2015 - 10:49-PM | by admin

    TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), is cutting its forward guidance and planned capital expenditures for the remainder of fiscal 2016 in response to the low commodity price environment, and du...

    Ocean Rig Athena drilling contracts executed for offshore Senegal
    Posted On Oct 14 ,2015 - 10:32-AM | by admin

    FAR Limited (‘FAR’) and its Senegal joint venture partners have executed contracts for the use of the Ocean Rig Athena drillship for a drilling program in FAR’s highly prospective offshore Seneg...

    DEA accelerates its growth strategy
    Posted On Oct 14 ,2015 - 10:10-AM | by admin

    DEA Deutsche Erdoel AG acquires 100% of the shares of E.ON’s Norwegian oil and gas business to create an enlarged Norwegian portfolio more than doubling its current production in Norway to 75,000 ba...

    Primeline obtains contract extension for Block 33/07 in East China Sea
    Posted On Oct 14 ,2015 - 10:22-AM | by admin

    Primeline Energy Holdings Inc. (“Primeline” or the “Company”) (TSXV: PEH) announced that China National Offshore Oil Corp (“CNOOC”) has agreed to extend the exploration period under the Pe...

    Rosneft Closes Deal with PetroRio
    Posted On Oct 14 ,2015 - 10:16-AM | by admin

    Rosneft Brasil (100% owned Rosneft subsidiary) and Petro Rio S.A. (PetroRio) announce the closing of the Rosneft Brasil transaction to acquire PetroRio’s 55% in the Solimões project. Closing follow...

    Subsea 7 awarded contract offshore Egypt
    Posted On Oct 14 ,2015 - 10:26-AM | by admin

    Subsea 7 S.A. (Oslo Børs: SUBC ADR: SUBCY) announced the award of a sizeable contract (between USD 50 million and USD 150 million) to Subsea 7 by Pharaonic Petroleum Company S.A.E. for the developmen...

    China To Continue Expanding Its Influence In The Oil And Gas Sector
    Posted On Oct 13 ,2015 - 10:13-PM | by admin

    Since 2009, China has been taking a much more active role in its pursuit of international oil contracts. In 2009, for the first time, Saudi Arabia exported more of its oil to China than it did to the ...

    New Era of Transparency in NNPC
    Posted On Oct 13 ,2015 - 10:17-PM | by admin

    In line with its earlier pledge to open up the books of the Nigerian National Petroleum Corporation, NNPC for public scrutiny, the Management of the national oil Corporation under the watch of Dr. Ibe...

    Shell to install nationwide network of hydrogen vehicle fuelling pumps in Germany
    Posted On Oct 13 ,2015 - 10:54-PM | by admin

    Shell will install a nationwide network of hydrogen fuelling pumps at retail sites in Germany from 2016, in an effort to accelerate the growth in Europe of this low-carbon alternative transport fuel. ...

    NNPC, MOMAN, DAPPMA Rally to Consolidate Uninterrupted Fuel Supply
    Posted On Oct 13 ,2015 - 10:53-AM | by admin

    A major step towards ensuring zero fuel queues throughout the country ahead of the forthcoming yuletide and beyond kicked off on Monday with a meeting between the Group Managing Director of the Nigeri...

    VAALCO Energy Provides Operational Update On Offshore Gabon
    Posted On Oct 13 ,2015 - 10:00-AM | by admin

    VAALCO Energy, Inc. (NYSE: EGY) announced a re-sequencing update to its drilling and workover program offshore Gabon in the Etame Marin block. As previously reported in a press release dated S...

    OMV announces new gas discovery in the Latif block, Pakistan
    Posted On Oct 13 ,2015 - 10:22-AM | by admin

    OMV, the integrated, international oil and gas company, announces the discovery of gas in the Latif South-1 exploration well in the Latif exploration license. The presence of hydrocarbons was proven t...

    OMV and Borealis extend their cooperation
    Posted On Oct 13 ,2015 - 10:23-AM | by admin

    OMV, the integrated, international oil and gas company, and Borealis, a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers, are extending their succe...

    Fugro awarded a contract by Blue Stream Pipeline Company B.V.
    Posted On Oct 13 ,2015 - 10:45-AM | by admin

    Fugro has been awarded a contract by Blue Stream Pipeline Company B.V. for the provision of survey support vessels and associated survey services to perform the 2015 external pipeline inspection for t...

    Ocean Installer gets a Regional Framework Agreement with BP
    Posted On Oct 13 ,2015 - 10:22-AM | by admin

    Ocean Installer has been awarded a Regional Framework Agreement with BP for subsea work in the Gulf of Mexico region. The agreement covers subsea fabrication, transportation and installation of off...

    OPEC daily basket price stood at $47.97 a barrel Monday, 12 October 2015
    Posted On Oct 13 ,2015 - 10:21-AM | by admin

    The price of OPEC basket of twelve crudes stood at 47.97 dollars a barrel on Monday, compared with $48.79 the previous Friday, according to OPEC Secretariat calculations. The new OPEC Reference Ba...

    Gazprom and BASF/Wintershall Celebrate 25 years of fruitful cooperation
    Posted On Oct 13 ,2015 - 10:53-AM | by admin

    The town of Lomonosov (Leningrad Region) hosted a ceremony dedicated to the 25th anniversary of the cooperation between Gazprom and BASF/Wintershall. “25 years is a relatively short period of tim...

    Genie Energy confirms finding significant hydrocarbon resource in Northern Israel
    Posted On Oct 13 ,2015 - 10:42-AM | by admin

    Genie Energy (NYSE: GNE, GNEPRA) said that, consistent with its prior public statements and disclosures, preliminary evidence from the exploratory wells drilled by its Afek subsidiary in Northern Isra...

    Improving the assessment of the potential for buried oil and gas reservoirs
    Posted On Oct 12 ,2015 - 10:50-PM | by admin

    A new software tool that characterizes the properties of deltaic sedimentary deposits in 3D will be developed by Deltares and Delft University of Technology for Statoil, a leading company in oil and g...

    Starting subsea gas compression
    Posted On Oct 12 ,2015 - 10:33-PM | by admin

    Statoil with partners Petoro and OMV have started the world´s first wet gas compression on the seabed of the North Sea Gullfaks field.​ The unique technology will increase recovery by 22 million...

    Lundin sells its Indonesian business
    Posted On Oct 12 ,2015 - 10:42-PM | by admin

    Lundin Petroleum AB ("Lundin Petroleum") announced the signing of a sale and purchase agreement (SPA) with PT Medco Energi Internasional TBK ("Medco"), to sell its oil and gas assets in Indonesia. The...

    Saipem awarded new E&C offshore contracts exceeding 600 million euro
    Posted On Oct 12 ,2015 - 10:47-AM | by admin

    Saipem has been awarded new E&C offshore contracts cumulatively valued at more than 600 million euro. Among the most significant initiatives are:

      Saudi Aramco Karan:
    ...

    Eni awarded two new exploration licenses in the Egyptian offshore of the Mediterranean Sea
    Posted On Oct 12 ,2015 - 10:36-AM | by admin

    Eni has been awarded with two new exploration licenses located in the Egyptian offshore of the Mediterranean Sea, North El Hammad and North Ras El Esh, as a result of the competitive 2015 EGAS bid rou...

    Mercuria Joins Forces with Forte Oil Plc
    Posted On Oct 12 ,2015 - 10:53-AM | by admin

    Forte Oil Plc, Nigeria's foremost integrated energy solutions provider, hereby announces that Mercuria Energy Holdings SA has acquired 17% of its equity valued at USD 200 Million. Mercuria Energy H...

    Swala completes farmout of Kilosa-Kilombero and Pangani licence interests to TPL
    Posted On Oct 09 ,2015 - 10:09-PM | by admin

    Swala Energy Limited (“Swala” or “the Company”) advised that its partly-owned subsidiary company, Swala Oil and Gas (Tanzania) Plc (“Swala Tanzania”) and Tata Petrodyne Limited (“TPL”...

    KN-501 Primary Basin well
    Posted On Oct 09 ,2015 - 10:57-AM | by admin

    Condor Petroleum has reached a total depth of 3,992 meters at the KN-501 Primary Basin well located on the Company's 100% owned Zharkamys West 1 Territory in Kazakhstan. Numerous gas shows were enc...

    Eni returns to the Maker Faire with a stand entitled "Innovation for Energy"
    Posted On Oct 09 ,2015 - 10:39-AM | by admin

    Eni is gold sponsor of the “Maker Faire - the European Edition‘ which will be held in Rome form 16 to 18 October at the “Sapienza‘ University of Rome. Maker Faire is the world’s biggest i...

    Wood Group awarded automation project for Tengiz Field in Kazakhstan
    Posted On Oct 09 ,2015 - 10:11-AM | by admin

    Wood Group has been awarded a multi-million dollar contract by Bechtel to provide an automation solution consisting of detailed engineering, control hardware and remote instrument enclosures (RIEs) fo...

    8th annual Energy from Waste
    Posted On Oct 08 ,2015 - 10:03-PM | by admin

    Some of the most senior industry experts in resource efficiency and waste management will gather this December to discuss the latest developments in Energy from Waste when SMi's 8th annual show return...

    Lithium Market Set To Explode – All Eyes Are On Nevada
    Posted On Oct 08 ,2015 - 10:05-PM | by admin

    While other commodities are floundering or completely collapsing in this market, lithium—the critical mineral in the emerging battery gigafactory war—is poised to explode, and going forward Nevada...

    Oil spill at Statfjord
    Posted On Oct 08 ,2015 - 10:03-PM | by admin

    On Thursday 8 October at 8.30 a.m. there was a report that oil had been observed in the sea close to the OLS B loading buoy at the Statfjord field. The oil spill was discovered during the loading of ...

    Tullow announce agreement with the Government of Gabon
    Posted On Oct 08 ,2015 - 10:10-PM | by admin

    Tullow Oil plc (Tullow) is pleased to announce that it has reached agreement with the Government of Gabon over its licences in the Onal Complex Fields. Following negotiations, Tullow has regained its ...

    Nostrum withdraws its proposed offer for Tethys
    Posted On Oct 07 ,2015 - 10:43-PM | by admin

    Nostrum Oil & Gas PLC (LSE: NOG) (“Nostrum” or the “Company”), an independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basi...

    Rolls-Royce continues transformation of Marine business through investment in R&D
    Posted On Oct 07 ,2015 - 10:48-PM | by admin

    Rolls-Royce announced plans to continue the transformation of its Marine business through a programme of increased investment in research and development and further efficiencies, as it positions the ...

    Range Announce Trinidad Drilling Operations Update
    Posted On Oct 06 ,2015 - 10:05-AM | by admin

    Range Resources Limited provided the following update with respect to its drilling programme in Trinidad. The MD 42N development well, located at the Company’s Morne Diablo field, which was spudded...

    Erin Energy discovers oil in ESWT Block offshore Ghana
    Posted On Oct 06 ,2015 - 10:21-AM | by admin

    Erin Energy Corporation (Erin Energy or the Company) (NYSE MKT:ERN) (JSE:ERN) announced that the resource volume assessment of the three previously discovered fields (Tano North, Tano West, and Tano S...

    Is Russia Plotting To Bring Down OPEC?
    Posted On Oct 06 ,2015 - 10:20-AM | by admin

    President Putin's recent moves in the Middle East—to shore up Bashar al-Assad's regime in Syria through deployment of combat aircraft, equipment, and manpower and build-out of air-, naval-, and grou...

    IMF Staff Completes 2015 Article IV Mission to Islamic Republic of Iran
    Posted On Oct 05 ,2015 - 10:18-PM | by admin

    End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and ...

    Lundin Petroleum resumes exploration drilling in Malaysia with the Mengkuang-1 well
    Posted On Oct 05 ,2015 - 10:13-PM | by admin

    Lundin Petroleum AB (Lundin Petroleum) announced that its wholly owned subsidiary Lundin Malaysia BV (Lundin Malaysia) has resumed exploration drilling in Malaysia with the spud of Mengkuang-1 explora...

    Lundin Petroleum spuds exploration well 7220/6-2 on the Neiden prospect
    Posted On Oct 05 ,2015 - 10:25-PM | by admin

    Lundin Petroleum AB (Lundin Petroleum) announced that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has commenced drilling of exploration well 7220/6-2 in PL609 in the Barents Sea Sout...

    The Innovation LaboratoTry of Total (Tilt) Celebrates its First Anniversary
    Posted On Oct 05 ,2015 - 10:33-PM | by admin

    It's raining and you're in a rush. How could you pay for your gas quickly without getting out of your car? Automatic license plate recognition or QR codes could be a solution. What other services co...

    GMC - Finalist in the 2015 ASME Global Pipeline Award
    Posted On Oct 05 ,2015 - 10:19-AM | by admin

    GMC was named as a finalist for the American Society of Mechanical Engineers International (ASME) Global Pipeline Award to recognize outstanding innovations and technological advances in the field of ...

    Shell commences production from Bonga Phase 3 project in Nigeria
    Posted On Oct 05 ,2015 - 10:52-AM | by admin

    Shell Nigeria Exploration and Production Company Ltd (SNEPCo) has announced the start-up of production from the Bonga Phase 3 project. Andrew Brown, Shell’s Upstream International Director, said:...

    Eni presents its online magazine Eniday at the Triennale in Milan
    Posted On Oct 05 ,2015 - 10:56-AM | by admin

    Eni will present its online magazine Eniday, a digital platform in English and Italian devoted to stories about the new frontiers of energy and technological innov...

    DeepStar Contract For GMC
    Posted On Oct 04 ,2015 - 10:33-PM | by admin

    GMC has received an award from DeepStar as part of DeepStar Phase XII-B funding. The project titled ‘Testing of High-Strength Mechanically Connected Steel Riser’ will demonstrate the strength and ...

    Eni satisfied with Milan Court ruling
    Posted On Oct 02 ,2015 - 10:45-PM | by admin

    Eni announced that it is pleased to learn that the judge for the preliminary hearing of the Court of Milan has decided to dismiss the case against Eni SpA and members of its management for the alleged...

    Statoil enters UK licence for Alfa Sentral project
    Posted On Oct 02 ,2015 - 10:51-PM | by admin

    On 2 October 2015, Statoil acquired First Oil’s 24% equity share in the UK licence for the Alfa Sentral field for USD 15 million. Alfa Sentral is a c.60 mmboe gas and condensate field planned to ...

    Technip awarded additional subsea contract for the Stones project development in the Gulf of Mexico
    Posted On Oct 02 ,2015 - 10:47-PM | by admin

    Technip was awarded by Shell Offshore Inc. (“Shell”) a contract for the development of subsea infrastructure for the Stones project. Included in the service are two subsea production tie-backs to ...

    Norwegian University of Science and Technology (NTNU) and Statoil sign an agreement
    Posted On Oct 01 ,2015 - 10:57-AM | by admin

    The Norwegian University of Science and Technology (NTNU) and Statoil today (Thursday 1 October) signed an agreement on research funding for future energy solutions. With a total budget of NOK 50 m...

    Amec Foster Wheeler expands presence in UAE
    Posted On Oct 01 ,2015 - 10:54-AM | by admin

    Amec Foster Wheeler announces today that it is expanding its UAE operations in response to recent key contract awards and growing opportunities in the Middle East. The Middle East market remains s...

    Golar Cameroon FLNG Project Reaches Major Milestone
    Posted On Oct 01 ,2015 - 10:25-AM | by admin

    Golar LNG Limited ("Golar") announces that its Cameroon floating liquefied natural gas project has reached a major milestone with the final approval by all parties of the Gas Convention for the projec...

    Tullow credit facilities unchanged following six-monthly RBL redetermination
    Posted On Oct 01 ,2015 - 10:43-AM | by admin

    Tullow Oil plc (Tullow) and its lending banks have completed the routine six-monthly Reserve Based Lend (RBL) redetermination process and available debt capacity remains unchanged at US$3.7 billion. ...

    Aker Solutions to Provide Subsea Production System for Rotan Development in Malaysia
    Posted On Oct 01 ,2015 - 10:27-AM | by admin

    Aker Solutions has been awarded a contract from Murphy Sabah Oil Co., Ltd. (Murphy) to deliver the subsea production system for the Rotan deepwater natural gas development offshore Malaysia. The de...

    Technip awarded umbilical supply contract by ENI
    Posted On Oct 01 ,2015 - 10:33-AM | by admin

    Technip’s wholly-owned subsidiaries Technip Umbilicals Ltd.(1) and Angoflex Ltda. have been awarded a contract by ENI S.p.A. to supply umbilicals to the Block 15/06 East Hub Development offshore Ang...

    ExxonMobil to Sell Torrance Refinery to PBF Energy
    Posted On Oct 01 ,2015 - 10:35-AM | by admin

    ExxonMobil has reached an agreement with PBF Energy, Inc. for the sale and purchase of its refinery in Torrance, California, a lubricants distribution center at Vernon, products terminals at Vernon an...

    Alta discovery well 7220/11-3 and sidetrack 7220/11-3 A Drilling successfully completed
    Posted On Sep 30 ,2015 - 09:24-PM | by admin

    The drilling of appraisal well 7220/11-3 and sidetrack 7220/11-3 A on the eastern part of the Alta discovery in PL609 have been successfully completed.

    “With each well in PL609, w...

    African Petroleum Announce Change of Chief Executive Officer
    Posted On Sep 30 ,2015 - 09:13-PM | by admin

    The Board of African Petroleum announces that Dr Stuart Lake, CEO and Executive Director, is stepping down with immediate effect for health reasons. Mr Jens Pace, currently serving...

    Petsec Energy completes acquisition of interest in Block 7, Al Barqa Permit
    Posted On Sep 30 ,2015 - 09:12-AM | by admin

    Petsec Energy advised that it has completed the acquisition of both the Mitsui E&P Middle East (8.5%) and AWE Limited (21.25%) Participating Interests in the Block 7, Al Barqa Permit, in the Republic ...

    Técnicas Reunidas awarded contract in Abu Dhabi
    Posted On Sep 30 ,2015 - 09:34-AM | by admin

    Abu Dhabi Oil Company (ADOC), a Japanese company responsible for the development of the Haild field in Abu Dhabi, has awarded Técnicas Reunidas a new contract for the Early Production Facilities in t...

    Tower Announces Operational Update and Interim Results to 30 June 2015
    Posted On Sep 30 ,2015 - 09:09-AM | by admin

    Tower Resources plc (the “Company” or “Tower” (TRP.L, TRP LN)), the AIM-listed Africa-focussed oil and gas exploration company, announces an Operational Update and its Interim Results for the ...

    Shell, Statoil, Oando Energy Resources and GE Oil & Gas to Discuss Nigerian Content and Wealth Creation
    Posted On Sep 29 ,2015 - 09:24-PM | by admin

    Over the last five years, the Nigerian Oil and Gas Industry Content Development Act (NOGICDA) has arguably been the single most impactful piece of legislation for the Nigerian oil and gas industry sin...

    Energy Recovery Awarded $1.8 Million Contract
    Posted On Sep 29 ,2015 - 09:32-AM | by admin

    Energy Recovery Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, announced an award for $1.8 million to supply its PX Pressure Exchanger® technology for a mega...

    EnergyBoardroom releases a new report on the Oil & Gas sector in Algeria
    Posted On Sep 29 ,2015 - 09:09-AM | by admin

    The report is an authoritative and up-to-date assessment of the major sector in this strategically important oil and gas producing country. It features interviews with senior executives from the maj...

    CGG Completes Depth Imaging of Banda Arc BroadSeis Survey Offshore Indonesia
    Posted On Sep 28 ,2015 - 09:26-PM | by admin

    CGG announced that all four phases of its BandaSeis 2D BroadSeis multi-client program targeting the Banda Arc around East Indonesia and Timor Leste have now been fully processed and are ready for deli...

    Bowleven Announce Bomono Drilling Update in Cameroon
    Posted On Sep 28 ,2015 - 09:02-AM | by admin

    Bowleven, the Africa focused oil and gas exploration group traded on AIM, announced that Moambe, the second well in a two exploration well programme, has been drilled to its planned total depth (TD) o...

    BG Group to explore offshore Newfoundland
    Posted On Sep 28 ,2015 - 09:46-AM | by admin

    BG Group has acquired three non-operated positions offshore Newfoundland from Repsol. This provides the company with access to early stage exploration in a proven prospective basin ahead of the first ...

    Aker Solutions to Execute Employee Share Purchase Program
    Posted On Sep 28 ,2015 - 09:29-AM | by admin

    Aker Solutions will offer employees in selected jurisdictions the opportunity to buy shares in the company. The 2015 employee share purchase program allows participants to acquire shares for between ...

    Shell updates on Alaska exploration
    Posted On Sep 28 ,2015 - 09:55-AM | by admin

    Shell today provided an update on the Burger J exploration well, located in Alaska’s Chukchi Sea. The Burger J well is approximately 150 miles from Barrow, Alaska, in about 150 feet of water. Shell ...

    APICORP maintains strong asset quality despite oil price drop
    Posted On Sep 26 ,2015 - 09:57-PM | by admin

    Arab Petroleum Investments Corporation's (APICORP, Aa3 stable) asset quality and capital adequacy remain strong, despite the drop in global oil prices, says Moody's Investors Service in a report publi...

    Debt Buybacks Becoming Attractive for Brazilian Banks
    Posted On Sep 26 ,2015 - 09:15-PM | by admin

    Some small and medium Brazilian banks are seeking to repurchase debt below face value to preserve their net interest margins (NIMs) amid Brazil's challenged economic environment, says Fitch Ratings. W...

    Nigerian Banks' Foreign Currency Liquidity Still Tight
    Posted On Sep 26 ,2015 - 09:47-PM | by admin

    Cutting reserve requirements will not add liquidity to the Nigerian banking system because it releases no additional foreign currency (FC), says Fitch Ratings. Substantial government-related FC deposi...

    Primeline Spuds LS23-1-1 Well
    Posted On Sep 25 ,2015 - 09:43-PM | by admin

    Primeline Energy Holdings Inc. (“Primeline” or the “Company”) (TSXV: PEH) announced the drilling of its LS23-1-1 exploration well has commenced to tap into resources near its LS36-1 gas field ...

    EMGS signs agreement with Directorate General of Hydrocarbons in India
    Posted On Sep 25 ,2015 - 09:19-PM | by admin

    Electromagnetic Geoservices ASA (EMGS) announced that the Company has signed a multi-client acquisition agreement with the Directorate General of Hydrocarbons (DGH) in India. The agreement grants ...

    NNPC Is Not Recruiting Now !!!
    Posted On Sep 25 ,2015 - 09:28-PM | by admin

    Disclaimer - NNPC Is Not Recruiting Now The attention of the Nigerian National Petroleum Corporation (NNPC) has been drawn to the activities of some fraudulent persons using various devious means ran...

    President Energy Announces significant increase in Argentina reserves and prospective resources
    Posted On Sep 25 ,2015 - 09:02-PM | by admin

    President announced a significant increase in Reserves on its 100% owned and operated Puesto Guardian Are , with the issue of a new independent statement of Crude Oil Reserves carried out by the inter...

    Noble Energy Announces Cheetah Exploration Results Offshore Cameroon
    Posted On Sep 25 ,2015 - 09:40-PM | by admin

    Noble Energy, Inc. (NYSE: NBL) announced today that the Cheetah exploration well in the Tilapia license offshore Cameroon reached the targeted Cretaceous interval and is being plugged and abandoned. ...

    CME Group and CFETS Sign Agreement on Cooperation
    Posted On Sep 25 ,2015 - 09:53-PM | by admin

    CME Group, the world's leading and most diverse derivatives marketplace, and China Foreign Exchange Trade System (CFETS), the major trading platform and pricing center for RMB and related products, an...

    Argus Africa LPG Conference
    Posted On Sep 25 ,2015 - 09:06-PM | by admin

    Argus Media will host the second annual Argus Africa LPG conference in Cape Town, South Africa, on 20- 21 October. The conference will bring together companies with a long-term interest in LPG to ...

    Troll oil, 20 years since the start of oil production
    Posted On Sep 24 ,2015 - 09:24-PM | by admin

    Statoil announce this week it is 20 years since the start of oil production from the Troll field. The 20 year-old can look back on enormous wealth, with 1.56 billion barrels produced so far and NOK 46...

    Total Strategy & Outlook presentation
    Posted On Sep 23 ,2015 - 09:08-AM | by admin

    Patrick Pouyanné, CEO, presents Total’s Strategy & Outlook to the financial community today. The presentation slides and webcast are available on total.com.

      Key messages of the pre...

    Neste Jacobs chosen to implement Neste's Naantali Refinery reconfiguration project in Finland
    Posted On Sep 23 ,2015 - 09:44-AM | by admin

    Technology, engineering and project management company Neste Jacobs will perform EPCM (Engineering, Procurement, Construction Management) services for Neste's EUR 60 million investment in Naantali to ...

    Total declares its first quarter 2015 interim dividend of 0.61 euro per share
    Posted On Sep 22 ,2015 - 09:35-PM | by admin

    The Board of Directors of Total declared today a first quarter 2015 interim dividend of €0.61 per share and offered, under the conditions set by the fourth resolution at the Ordinary General Meeting...

    Breaux Named General Manager of Knight Oil Tools Tri*Drill Services
    Posted On Sep 22 ,2015 - 09:00-PM | by admin

    Earl Blackwell, President and Chief Executive Officer of Knight Oil Tools, announced that Paul Breaux has been named General Manager of Tri*Drill Services. Tri*Drill Services provides non-destruct...

    Amec Foster Wheeler awarded new BP contract for Eastern Trough Area Project (ETAP) Additional Living Quarters
    Posted On Sep 22 ,2015 - 09:59-PM | by admin

    Amec Foster Wheeler announced that it has been awarded an Engineering, Procurement and Construction (EPC) contract by BP for the provision of additional living quarters, as part of BP’s Life Extensi...

    African Petroleum Announce Notice to De-List from the National Stock Exchange of Australia
    Posted On Sep 22 ,2015 - 09:25-PM | by admin

    African Petroleum, an independent oil and gas exploration company operating ten licences in five countries offshore West Africa, advises that, subject to shareholder approval, the Company has elected ...

    CME Group and China Securities Index Co. Ltd Sign Agreement to Develop Commodity Indexes
    Posted On Sep 22 ,2015 - 09:17-PM | by admin

    CME Group, the world's leading and most diverse derivatives marketplace, and China Securities Index Co. Ltd, today announced that they have signed an index development and product licensing agreement....

    IMF Executive Board Concludes 2015 Article IV Consultation with The Gambia
    Posted On Sep 22 ,2015 - 09:16-PM | by admin

    On September, 18, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation1 with The Gambia. The Gambia has experienced large balance of payments and f...

    Paradigm to Demonstrate High-Definition Workflows for Reservoir Characterization, Modeling and Engineering at SPE ATCE
    Posted On Sep 21 ,2015 - 09:43-PM | by admin

    ParadigmR will showcase its ParadigmR 15 Release at the 2015 Society of Petroleum Engineers Annual Technical Conference and Exhibition in Houston, September 28-30. Conference attendees are invited to ...

    Statoil Brazil awards Peregrino OMM contract to Wood Group
    Posted On Sep 21 ,2015 - 09:35-PM | by admin

    On behalf of the Peregrino licence partners, Statoil is awarding a contract to Wood Group to provide four-year operations and maintenance for our two wellhead platforms (Alpha and Bravo) and modificat...

    Hansa Hydrocarbons partners with ENGIE
    Posted On Sep 21 ,2015 - 09:05-PM | by admin

    Hansa Hydrocarbons Limited (Hansa) announced that it has completed a farm-out with GDF SUEZ E&P Nederland B.V. (part of the ENGIE Group) in respect of a 30% interest in its 4Quads licences (blocks G18...

    Westermo RedFox industrial routing switch certified for hazardous area applications
    Posted On Sep 21 ,2015 - 09:24-PM | by admin

    Westermo announces that the high-performance RedFox industrial Ethernet switch range is now fully certified for use in hazardous areas. ATEX/IECEx certification by BASEEFA enables these robust Layer 3...

    NNPC Secures $1.2 bn Alternative Funding Arrangement for 36 Oil Wells
    Posted On Sep 21 ,2015 - 09:26-PM | by admin

    In a landmark move designed to supplement the Federal Government’s Cash- Call commitment, the Nigerian National Petroleum Corporation, NNPC has secured a $1.2 bn multi-year drilling financing packag...

    Total sells a 10% interest in Fort Hills to Suncor
    Posted On Sep 21 ,2015 - 09:53-PM | by admin

    Total has signed an agreement to sell a 10% interest in the Fort Hills oil sands mining project to the operating partner Suncor Energy. The total aggregate consideration at the time of the announcemen...

    Neste Jacobs to implement production optimization to Forchem Tall Oil Distillation Plant with NAPCON Controller
    Posted On Sep 21 ,2015 - 09:54-AM | by admin

    Forchem, an independent innovative company supplying industry-leading Tall Oil products, has selected technology, engineering and project management company Neste Jacobs, to optimize the production of...

    What Needs To Happen For Oil Prices To Stabilize
    Posted On Sep 19 ,2015 - 09:26-PM | by admin

    On September 10th the EIA reported a production decline in the Lower 48—essentially shale production—of 208,000 BOPD. That is a staggeringly enormous number, approximately 10 percent of the estima...

    Aker Solutions Completes Its Deliveries for the World's First Subsea Compression System
    Posted On Sep 18 ,2015 - 09:23-PM | by admin

    The world's first subsea gas compression system went on stream yesterday at the Statoil-operated Åsgard field. Aker Solutions has delivered the subsea compression system for this field development. ...

    Eni awarded Exploration Company of 2015 by the Petroleum Economist
    Posted On Sep 18 ,2015 - 09:02-AM | by admin

    Eni is winner of the Petroleum Economist Award, established in 2006 by the prestigious Petroleum Economist, as Exploration Company of the Year. During a ceremony held yesterday in London, a panel o...

    Business backed by new Enterprise Bill
    Posted On Sep 18 ,2015 - 09:02-AM | by admin

    The UK government publishes an Enterprise Bill that backs business to drive growth, create jobs and ensure economic security for all. The government on 17 September 2015 published an Enterprise Bil...

    Johan Sverdrup contract awarded to FMC Technologies
    Posted On Sep 18 ,2015 - 09:01-AM | by admin

    On behalf of the Johan Sverdrup partnership, Statoil has awarded an EPC contract for subsea equipment for the Johan Sverdrup project to FMC Kongsberg Subsea AS. The contract involves establishment of ...

    IMF Staff Concludes Visit to Egypt
    Posted On Sep 18 ,2015 - 09:58-AM | by admin

    An International Monetary Fund (IMF) team led by Chris Jarvis visited Cairo during September 13–17, 2015 to review recent economic developments since the Article IV Consultation mission in November ...

    VAALCO Energy Announces Industry-First Offshore Gabon Production
    Posted On Sep 17 ,2015 - 09:50-AM | by admin

    VAALCO Energy, Inc. (NYSE: EGY) announced that the North Tchibala 1-H well, the first development well drilled by VAALCO in the North Tchibala field, was brought online at a rate slightly in excess of...

    New 3D seismic survey commenced offshore Senegal
    Posted On Sep 17 ,2015 - 09:53-AM | by admin

    FAR Limited (‘FAR’) and its Senegal joint venture partners have begun a new 3D seismic survey over its Sangomar Deep, Sangomar and Rufisque permits, offshore Senegal. The Polarcus Adira 3D seis...

    The Shale Delusion: Why The Party's Over For U.S. Tight Oil
    Posted On Sep 17 ,2015 - 09:46-AM | by admin

    The party is over for tight oil. Despite brash statements by U.S. producers and misleading analysis by Raymond James, low oil prices are killing tight oil companies. Reports this week from IEA and EIA...

    Anadarko Announces New Board Member and Promotion of Amanda McMillian
    Posted On Sep 17 ,2015 - 09:17-AM | by admin

    Anadarko Petroleum Corporation (NYSE: APC) today announced the election of Dr. Sean Gourley to serve as an independent director of the company, effective Sept. 15, 2015. "Our industry and company w...

    Gulf Keystone Announce Shaikan Operational and Payment Update
    Posted On Sep 16 ,2015 - 09:36-PM | by admin

    Gulf Keystone, the operator of the world class Shaikan field in the Kurdistan Region of Iraq, announced that total commercial production from the Shaikan field has now surpassed 15 million barrels wit...

    SAExploration Announces $90 Million of New Project Awards
    Posted On Sep 16 ,2015 - 09:51-PM | by admin

    SAExploration Holdings, Inc. (NASDAQ:SAEX) (OTCBB:SAEXW) announced three new project awards for onshore logistical support and seismic data acquisition services in North and South America, collectivel...

    ExxonMobil Starts Oil Production at Erha North Phase 2 Project Ahead of Schedule and Well Under Budget
    Posted On Sep 16 ,2015 - 09:25-PM | by admin

    Exxon Mobil Corporation (NYSE:XOM) announced that its subsidiary, Esso Exploration and Production Nigeria Limited, has started oil production ahead of schedule at the Erha North Phase 2 project offsh...

    OGDCL discovers Gas from exploratory well Aradin-I
    Posted On Sep 16 ,2015 - 09:59-AM | by admin

    Oil and Gas Development Company Limited (OGDCL), as an operator of Khewari Exploration Licence, together with its Joint Venture Partner i.e. Government Holdings Private Limited (GHPL) has discovered a...

    Seadrill Cancels the West Mira Construction Contract
    Posted On Sep 16 ,2015 - 09:48-AM | by admin

    Seadrill Limited ("Seadrill" or "The Company""), has notified Hyundai Heavy Industries Co Ltd. ("the Shipyard") that it has exercised its right to cancel the contract for the construction of the West ...

    Nostrum’s proposed offer has not yet been accepted by the Tethys board
    Posted On Sep 16 ,2015 - 09:10-AM | by admin

    Nostrum Oil & Gas PLC (LSE: NOG) (“Nostrum” or the “Company”), an independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basi...

    Tower Announce Signature of Thali Production Sharing Contract, offshore Cameroon
    Posted On Sep 16 ,2015 - 09:33-AM | by admin

    Tower Resources plc (the “Company” or “Tower” (TRP.L, TRP LN)), the AIM-listed Africa-focussed oil and gas exploration company, is delighted to announce the signing of the shallow water Thali ...

    NNPC to Review Deep Offshore Production Agreements with Oil Companies
    Posted On Sep 16 ,2015 - 09:46-AM | by admin

    The Nigerian National Petroleum Corporation, NNPC is set to revisit the fiscal terms of the existing Production Sharing Contracts, PSC entered into by the Corporation with some International Oil and G...

    ExxonMobil to Produce Mobil 1 Synthetic Engine Oil in Singapore
    Posted On Sep 15 ,2015 - 09:56-PM | by admin

    ExxonMobil is expanding its operations in Jurong to produce synthetic lubricants, including Mobil 1TM, the company’s flagship synthetic engine oil. The expansion will further strengthen the company...

    Magma Global signs joint development agreement with BP and Subsea 7
    Posted On Sep 15 ,2015 - 09:17-PM | by admin

    Magma Global announced the signing of a joint development agreement with BP and Subsea 7 in a project to qualify Magma’s carbon fibre m-pipe® as the next generation of subsea pipelines. The program...

    Erin Energy Completes 3D Seismic Acquisition off the coast of The Gambia
    Posted On Sep 15 ,2015 - 09:17-PM | by admin

    Erin Energy Corporation (Erin Energy or the Company) (NYSE MKT:ERN) (JSE:ERN) announced it has successfully completed acquisition of a new 3D seismic survey off the coast of The Gambia. Polarcus Ltd. ...

    BP Agrees Third Latest Generation PTA Licence With Ningxia Baota
    Posted On Sep 15 ,2015 - 09:56-PM | by admin

    BP and Ningxia Baota Chemical Fibre Co., Ltd. (a majority owned subsidiary of Baota Petrochemical Group) have signed an agreement to license BP’s latest generation purified terephthalic acid (PTA) t...

    Neste Capital Markets Day 2015: Growing ambitions
    Posted On Sep 15 ,2015 - 09:11-PM | by admin

    Neste Corporation is holding its Capital Markets Day 2015 in London today, 15 September, featuring presentations by senior management on subjects such as the company's strategy, targets, and recent bu...

    Fjords Processing Expertise Sparking Growth
    Posted On Sep 15 ,2015 - 09:00-PM | by admin

    Being among the exhibitors at Offshore Europe 2015 in Aberdeen, Fjords Processing used the opportunity to make several key announcements about the company's focus on growing key competences and busine...

    Oil Search rejects Woodside non-binding conditional indicative proposal
    Posted On Sep 14 ,2015 - 09:34-PM | by admin

    The Board of Oil Search Limited (ASX Code: OSH) advises that it has unanimously decided to reject Woodside’s (ASX Code: WPL) non-binding conditional indicative proposal to acquire all the shares in ...

    Ocean Installer awarded contract off the coast of the Republic of Congo
    Posted On Sep 14 ,2015 - 09:12-PM | by admin

    Ocean Installer has been awarded a contract for deep water UFR (umbilicals, flowlines, risers) installation work with Total E&P Congo at the Moho Nord field off the coast of the Republic of Congo. ...

    GE Oil & Gas and Statoil Sign Global Subsea Exploration Wellhead Frame Agreement
    Posted On Sep 14 ,2015 - 09:07-PM | by admin

    GE Oil & Gas (NYSE:GE) has been awarded a four-year framework agreement to provide wellhead equipment and associated services to Statoil with the option of two, two-year extensions. GE Oil & Gas wi...

    PEMEX and GE sign MoU to fuel the future of the Mexican Energy Sector
    Posted On Sep 14 ,2015 - 09:31-PM | by admin

    GE (NYSE: GE) and Mexico’s state-owned oil and gas company Petróleos Mexicanos (PEMEX) signed a Memorandum of Understanding (MOU), as part of the GE’s quarterly meeting of its Corporate Executive...

    South Africa's Gas Options meeting in Cape Town
    Posted On Sep 14 ,2015 - 09:52-AM | by admin

    EnergyNet are pleased to welcome Cheniere and Exxon Mobil as sponsors of the South Africa: Gas Options meeting in Cape Town at the end of this month. These companies will join the Minister for Ene...

    IKM Ocean Design awarded contract by Statoil
    Posted On Sep 14 ,2015 - 09:32-AM | by admin

    An engineering, procurement and construction (EPC) contract for the Johan Sverdrup gooseneck spool and retrofit hot-tap tee has been awarded to IKM Ocean Design by Statoil on behalf of operator Gassco...

    Eni and Total Sign Agreement on EST Technology
    Posted On Sep 14 ,2015 - 09:10-AM | by admin

    Eni and Total have entered into a special license and R&D Cooperation Agreement for Eni Slurry Technology (EST) and started today to work together to evaluate and tailor the technology to Total’s re...

    NNPC Lifts Embargo on 113 Crude Oil Vessels
    Posted On Sep 11 ,2015 - 09:16-PM | by admin

    The Nigerian National Petroleum Corporation, NNPC on Thursday announced the lifting of the embargo earlier placed on some 113 Vessels banning them from engaging in Crude Oil/Gas loading activities in ...

    Sasol, Partners Award US$45mn Condensate Sales Contract to PETROMOC
    Posted On Sep 11 ,2015 - 09:34-PM | by admin

    In a drive to promote local content in Mozambique, Sasol and its partners have entered into an agreement with Petróleos de Moçambique (PETROMOC), Mozambique's state-owned distributor of petroleum pr...

    Pipelines Facing Challenges In Low Oil Price Environment
    Posted On Sep 11 ,2015 - 09:42-PM | by admin

    While the low oil price environment isn't as challenging for pipelines as the upstream industry, there are many issues and concerns that do need attention and solutions, such as increased changing reg...

    Ferrovial / AMEY provide industry spotlights on the current RDF export market at Energy from Waste 2015
    Posted On Sep 11 ,2015 - 09:54-AM | by admin

    SMi’s 8th Annual Energy from Waste conference will be taking place on the 7th - 8th December 2015 at Holiday Inn Regents Park in London, UK. The RDF Export Industry Group release...

    Eni Announce fixed rate bond offering
    Posted On Sep 11 ,2015 - 09:45-AM | by admin

    Eni has mandated Banca IMI, Deutsche Bank AG, HSBC, RBS e Société Générale Corporate & Investment Banking as Joint Bookrunners for its upcoming fixed rate Euro benchmark size 8 year (January 2024)...

    Neste Porvoo refinery, 50 years On
    Posted On Sep 11 ,2015 - 09:59-AM | by admin

    The largest unit in the Finnish export industry, Neste Porvoo refinery, celebrates its 50th anniversary at the Porvoo Art Factory in September. The festivities kick off today on September 11 with an e...

    Saipem awarded new onshore drilling contracts in the Middle East and S. America
    Posted On Sep 11 ,2015 - 09:21-AM | by admin

    Saipem has been awarded new onshore drilling contracts in the Middle East and South America, cumulatively worth approximately $250 million. These include two key contracts awarded by Kuwait Oil Com...

    Technip awarded contract for a new Polyethylene Unit in Czech Republic
    Posted On Sep 11 ,2015 - 09:43-AM | by admin

    Technip was awarded by Unipetrol a.s. an important contract on lumpsum turnkey basis, covering the engineering, procurement and construction (EPC) of a new Polyethylene Plant (PE3) in the complex loca...

    Continental Resources Reducing 2015 Capital Spending
    Posted On Sep 11 ,2015 - 09:21-AM | by admin

    Continental Resources, Inc. (NYSE: CLR) (Continental or the Company) today announced plans to spend approximately $300 to $350 million less than its previously approved capital budget for 2015 to bett...

    Shell Appoints Ronan Cassidy as Chief Human Resources & Corporate Officer
    Posted On Sep 11 ,2015 - 09:13-AM | by admin

    Royal Dutch Shell plc (the ‘Company’) today announces the appointment of Ronan Cassidy as Chief Human Resources & Corporate Officer with effect from January 1, 2016. In his new role, Ronan will...

    Neste listed in the Dow Jones Sustainability Index for the ninth time
    Posted On Sep 10 ,2015 - 09:54-PM | by admin

    Dow Jones Sustainability Indexes (DJSI) have listed Neste in the DJSI World Index for the ninth time in a row. Neste ranks highly especially with regard to water related issues, as well as environment...

    Capstone receives order for C600 microturbine to power oil processing equipment in West Africa
    Posted On Sep 10 ,2015 - 09:53-PM | by admin

    Capstone Turbine Corporation (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems, announced today that it received an order for a C600 microturbine to powe...

    CME Group and Rim Intelligence sign exclusive license agreement for DES Japan LNG
    Posted On Sep 10 ,2015 - 09:34-AM | by admin

    CME Group and Rim Intelligence, Japan's foremost provider of energy price and information services, today announced the signing of a license agreement to permit CME Group to exclusively develop and cl...

    Total Sells a Majority Interest in Géosel to EDF Invest and Ardian
    Posted On Sep 10 ,2015 - 09:19-AM | by admin

    Total has signed an agreement to sell an interest of 50% plus one share in Géosel Manosque (“Géosel”) to a 50-50 consortium composed of EDF Invest and Ardian. The transaction values Total's inte...

    Aker Solutions Appoints José Formigli to Innovation Board
    Posted On Sep 10 ,2015 - 09:09-AM | by admin

    Aker Solutions has appointed José Formigli to its innovation board and to serve as an adviser for overall strategic decisions. Formigli, a Rio de Janeiro native and engineer by training, has more ...

    Africa Oil Week 2015
    Posted On Sep 10 ,2015 - 09:25-AM | by admin

    Global Pacific & Partners hosts the 22nd Africa Oil Week in JV with ITE Group plc 26-30 Oct, Cape Town, South Africa. Meet Africa’s Governments, state oil firms, licensing agencies, and the key ...

    88 Energy Announce Rig Contract Executed for Imminent Spud of Icewine #1
    Posted On Sep 10 ,2015 - 09:39-AM | by admin

    88 Energy Limited (“88 Energy” “the Company”) (ASX, AIM: 88E) announced that its wholly owned subsidiary, Accumulate Energy Alaska Inc (“AEA”), has executed a rig contract with Kuukpik Dri...

    Husky Announce Second Well Brought on Production From South White Rose Extension Drill Centre
    Posted On Sep 10 ,2015 - 09:26-AM | by admin

    Husky Energy (TSX: HSE) has commenced production from a second oil well at the South White Rose extension drill centre offshore Newfoundland and Labrador. The two wells are expected to ramp up to a...

    Indonesia asks OPEC to reactivate its membership
    Posted On Sep 10 ,2015 - 09:05-AM | by admin

    Indonesia has submitted an official request to the Organization of the Petroleum Exporting Countries to reactivate its full membership in the Organization.

    Karoon Gas Announce Santos Basin Brazil Revised Appraisal Plan Approved
    Posted On Sep 09 ,2015 - 09:36-PM | by admin

    Karoon Gas Australia Ltd announced the company has received written notification from the Brazilian oil and gas regulator, the Agência Nacional do Petróleo, Gás Natural e Biocombustíveis (‘ANP...

    Honeywell To Provide Control And Safety Support For Major North Sea Oil And Gas Producer
    Posted On Sep 09 ,2015 - 09:41-PM | by admin

    Honeywell (NYSE:HON) Process Solutions (HPS) announced a new multi-year agreement to provide comprehensive services and support for Lundin Norway, Norway's fastest-growing upstream oil and gas company...

    Egypt's Alexandria National Refining & Petrochemicals Company To Expand Refinery
    Posted On Sep 09 ,2015 - 09:33-PM | by admin

    UOP LLC, a Honeywell company (NYSE: HON) announced that Egypt's Alexandria National Refining & Petrochemicals Company (ANRPC) will use UOP technology and equipment as part of a $300 million, multi-yea...

    Baker Hughes Announces August 2015 Rig Counts
    Posted On Sep 09 ,2015 - 09:33-AM | by admin

    Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for August 2015 was 1,137, up 19 from the 1,118 counted in July 2015, and down 202 from the 1,339 counted in Augus...

    NNPC, Nigerian Military to Collaborate on Drone Technology
    Posted On Sep 09 ,2015 - 09:01-AM | by admin

    The Nigerian National Petroleum Corporation (NNPC) and the Nigerian Security Agencies have pledged to deploy drone technology in order to stem crude and petroleum products theft across the country. ...

    Effect of removing crude export restrictions depends on price and resource assumptions
    Posted On Sep 09 ,2015 - 09:08-AM | by admin

    The recent rise in domestic crude oil production from 5.6 million barrels per day (b/d) in 2009 to 8.7 million b/d in 2014 and the prospect of continued supply growth have sparked interest in the ques...

    Aker Solutions Names David Clark Regional President of UK and Africa
    Posted On Sep 09 ,2015 - 09:46-AM | by admin

    Aker Solutions has appointed David Clark as regional president of the UK and Africa to oversee an expansion and support operations in these key markets. Clark, a UK national, has more than 30 years...

    Wintershall Awards Rig Contract for Maria Field Development to Odfjell Drilling
    Posted On Sep 09 ,2015 - 09:32-AM | by admin

    Wintershall, Germany’s largest internationally active oil and gas producer, has awarded of a major rig contract for the Maria Field to Odfjell Drilling. The contract for the Deepsea Stavanger semi-s...

    Spectrum signs Seismic Data Agreement to Kick-Start Oil Exploration Offshore Somalia
    Posted On Sep 09 ,2015 - 09:52-AM | by admin

    Spectrum ASA entered into a Multi-client master co-operation agreement with the federal government of Somalia during a signing ceremony on September 5th at the SYL Hotel, Mogadishu. The agreement a...

    CME Group Expands Deliverable Swap Futures Offering with 7-year and 20-year Denominated Contracts
    Posted On Sep 09 ,2015 - 09:50-AM | by admin

    CME Group, the world's leading and most diverse derivatives marketplace, announced it will launch 7-year and 20-year US Dollar Deliverable Swap Futures (DSF) on September 28, 2015. This product extens...

    Gas auction of Gazprom Export starts
    Posted On Sep 09 ,2015 - 09:22-AM | by admin

    On September 7, 2015, at 9.00 a.m. CET (10.00 a.m. Moscow time) Gazprom Export begins the bidding for gas supply to Europe. Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and ...

    Centurion Law Group Opens Office in Cameroon
    Posted On Sep 09 ,2015 - 09:24-AM | by admin

    Targets Resurgent Economy, Oil and Gas Sector as Key Market Entry Opportunities Centurion Law Group is continuing its pan-African expansion with the opening of an office in Cameroon. The group will s...

    Neste breaks ground on world's first Bio LPG facility in Rotterdam
    Posted On Sep 08 ,2015 - 09:19-PM | by admin

    The ground-breaking ceremony held today at Neste's renewable product refinery in Rotterdam marks the beginning of construction for the world's first Bio LPG production facility. The EUR 60 million fac...

    Noble Energy Increases Third Quarter Volume Expectations
    Posted On Sep 08 ,2015 - 09:25-PM | by admin

    Noble Energy, Inc. ("Noble Energy") (NYSE: NBL) provided new third quarter 2015 sales volume guidance, with the midpoint of the Company's new expectation representing a 10 thousand barrel of oil equiv...

    The Default Next Move For Oil Is Downwards, And Here's Why
    Posted On Sep 08 ,2015 - 09:41-AM | by admin

    As traders, investors and pundits, we all like to think that what we do is akin to a science. We believe that by working harder and being smarter we can give ourselves an edge, that enough research wi...

    GE's commitment to ‘Make in India’
    Posted On Sep 08 ,2015 - 09:24-AM | by admin

    In its efforts to reinforce India’s position as a global manufacturing destination, GE is keen to further strengthen its partnership with India. Jeff Immelt, Chairman and CEO of GE, will visit India...

    Madagascar Oil Provides Strategic Process and Financing Update
    Posted On Sep 08 ,2015 - 09:51-AM | by admin

    Madagascar Oil (AIM: MOIL), which has over 1.7 billion barrels of contingent resources in the Tsimiroro field, provides the following update on its strategic partnering process and financinginitiative...

    Faroe's Acquisition of Interest in UK Producing Blane Field
    Posted On Sep 08 ,2015 - 09:16-AM | by admin

    Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, announced the conditional acquisition of Roc Oil ...

    Aqualis ASA Announce purchase of 49.9 percent stake in ADLER Solar
    Posted On Sep 08 ,2015 - 09:58-AM | by admin

    Reference is made to Aqualis ASA’s (OSE: AQUA) announcement dated 2 September 2015, when the company announced that it would acquire a 49.9 percent stake in ADLER Solar, a technical and engineering ...

    Woodside Petroleum Makes offer for Oil Search
    Posted On Sep 08 ,2015 - 09:54-AM | by admin

    Woodside confirms that it provided Oil Search a confidential and non-binding proposal to merge through a scheme of arrangement under the Papua New Guinea Companies Act. Woodside is currently engaging ...

    Technip wins flexible pipe contract in offshore East Malaysia
    Posted On Sep 08 ,2015 - 09:52-AM | by admin

    Technip has been awarded an engineering, procurement, installation and commissioning contract by PETRONAS Carigali Sdn Bhd (PCSB) for D18 Project. The project covers the procurement and installatio...

    Sound Oil Announce Second Moroccan Acquisition
    Posted On Sep 07 ,2015 - 09:27-AM | by admin

    Sound Oil, the Mediterranean focused upstream gas company, is announced that it has entered into an agreement with Maghreb Petroleum Exploration S.A. ("Maghreb"), under which Maghreb has awarded S...

    Rosneft and Japan Drilling Co., Ltd. sign agreement for drilling exploration wells offshore Vietnam
    Posted On Sep 07 ,2015 - 09:57-AM | by admin

    Rosneft Vietnam B.V., a company of Rosneft Group, and Japan Drilling Co., Ltd. (JDC) represented by its subsidiary Hakuryu 5, Inc. signed an agreement on provision and operation of the marine drilling...

    Lekoil Announce First Oil from Otakikpo
    Posted On Sep 07 ,2015 - 09:33-AM | by admin

    Lekoil (AIM: LEK), the oil and gas exploration and production company with a focus on Nigeria and West Africa more generally, announces the start of oil production from the Otakikpo Marginal Field (...

    Gazprom, BASF, E.ON, ENGIE, OMV and Shell sign Shareholders´ Agreement on the Nord Stream 2 project
    Posted On Sep 07 ,2015 - 09:42-AM | by admin

    At the Eastern Economic Forum in Vladivostok, Alexey Miller, Chairman of the Gazprom Management Committee, Kurt Bock, Chairman of the Board of Executive Directors of BASF SE, Klaus Schäfer, Member of...

    Gazprom and OMV sign Asset Swap Agreement
    Posted On Sep 07 ,2015 - 09:18-AM | by admin

    A Term Sheet was signed regarding long-term business projects between Gazprom and OMV. The parties agreed to a timetable and principles for exclusive negotiations regarding OMV’s participation in ...

    YPF signs production deal with Gazprom
    Posted On Sep 07 ,2015 - 09:26-AM | by admin

    YPF sealed an agreement with Russia’s state-controlled energy giant Gazprom to develop tight and shale gas in Argentina in what marks the latest deal that the firm has signed with an international f...

    BASF and Gazprom agree to complete asset swap
    Posted On Sep 07 ,2015 - 09:26-AM | by admin

    BASF and Gazprom have agreed to complete the swap of assets with equivalent value signed in December 2013 and originally intended to be completed by the end of 2014. With the swap, BASF will further e...

    Songa Offshore SE Notes Australian Tax Dispute
    Posted On Sep 07 ,2015 - 09:08-AM | by admin

    Reference is made to Note 4 in the Songa Offshore 2014 Annual Report regarding the Australian Tax Dispute. The Australian Taxation Office (ATO) raised claims against Songa Offshore for the 2009 ye...

    More than 160 bcm of shale gas reserves newly proved in Sichuan Basin
    Posted On Sep 05 ,2015 - 09:22-PM | by admin

    As examined and approved by the Ministry of Land and Resources, CNPC has added 207.87 square kilometers of new shale gas bearing areas in well blocks of Wei-202, Ning-201, and YS108, with proven origi...

    GE Announces Over $1 Billion in Orders from Asia Pacific Customers
    Posted On Sep 05 ,2015 - 09:24-PM | by admin

    Rapid economic growth across Asia Pacific has led to the demand for power to soar, fuel prices to rise and environmental and financial regulations to tighten. As a result, generators are looking for w...

    Royal Dutch Shell plc Announce second quarter 2015 Euro and GBP equivalent dividend payments
    Posted On Sep 04 ,2015 - 09:51-PM | by admin

    The Board of Royal Dutch Shell plc (“RDS”) announced the pounds sterling and euro equivalent dividend payments in respect of the second quarter 2015 interim dividend, which was announced on July 3...

    Warri Refinery Gets 90 days Fast-Track Ultimatum from NNPC
    Posted On Sep 04 ,2015 - 09:56-PM | by admin

    The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Ibe Kachikwu has given a 90 days ultimatum to the Management of the Warri Refining and Petrochemicals Company, WR...

    Rosneft and Sinopec agree on the joint development of Russkoye and Yurubcheno-Tokhomskoye fields
    Posted On Sep 03 ,2015 - 09:38-PM | by admin

    Rosneft and China Petrochemical Corporation (Sinopec) signed the Heads of Agreement on cooperation within the proposed joint development of Russkoye and Yurubcheno-Tokhomskoye fields. The document was...

    Rosneft and ChemChina develop cooperation
    Posted On Sep 03 ,2015 - 09:22-PM | by admin

    Rosneft and China National Chemical Corporation (ChemChina) signed a Heads of Agreement on cooperation in equity investment in ChemChina Petrochemical Corporation (CCPC) and a Memorandum of Understand...

    Neste's Shareholders' Nomination Board appointed
    Posted On Sep 03 ,2015 - 09:39-PM | by admin

    The following members have been appointed to Neste's Shareholders' Nomination Board: Eero Heliövaara, Director General of the Prime Minister's Office's Ownership Steering Department (Chair); Mikko ...

    Knight Oil Tools Names Tauzin Executive Vice President of Sales
    Posted On Sep 03 ,2015 - 09:20-PM | by admin

    Earl Blackwell, President and Chief Executive Officer of Knight Oil Tools announced that Rickey Tauzin has been named Executive Vice President of Sales. In his new position, Tauzin's primary respo...

    Mosman Oil and Gas signs SPA to acquire NZ producing oil and gas assets
    Posted On Sep 03 ,2015 - 09:22-PM | by admin

    Mosman Oil and Gas Limited (AIM: MSMN) the New Zealand (“NZ”) and Australia focussed oil exploration and development company, has executed a conditional sale and purchase agreement (“SPA”) to ...

    H5 Settles With Chevron Over Ecuadorian Lawsuit
    Posted On Sep 03 ,2015 - 09:23-PM | by admin

    Chevron Corporation (NYSE:CVX) has reached a settlement agreement with H5, a California-based e-discovery and litigation services firm. In the settlement, H5 has withdrawn its support from the litigat...

    Noble Energy Provides Statement on Regulatory Framework in Israel
    Posted On Sep 03 ,2015 - 09:31-PM | by admin

    Noble Energy, Inc. ("Noble Energy") (NYSE: NBL) continues to work diligently with the government of Israel to address matters necessary to facilitate the development of its world class discoveries at ...

    Oceanteam's presentation at the Pareto Securities' Oil & Offshore Conference in Oslo
    Posted On Sep 03 ,2015 - 09:03-AM | by admin

    Highlights of the Company & Market Outlook OceanteamSolutions secured a EUR 15 million revolving term loan facility

      Increased revenue, replacement of North Ocean 102 contribution comple...

    Argus Africa Storage and Logistics 2015 on 16-17 September
    Posted On Sep 03 ,2015 - 09:39-AM | by admin

    Argus Media is proud to announce Argus Africa Storage and Logistics 2015 which will be held in Durban, South Africa, on 16-17 September. The 2015 conference will offer a pan-African platform for p...

    Schlumberger Acquires Novatek
    Posted On Sep 03 ,2015 - 09:07-AM | by admin

    Schlumberger announced that it has acquired Novatek Inc. and Novatek IP, LLC. (Novatek), U.S.-based companies that specialize in synthetic diamond technology primarily for the oil and gas industry. ...

    Range Resources's New Drilling Rig Arrives in Trinidad
    Posted On Sep 02 ,2015 - 09:28-PM | by admin

    Range announced that the vessel carrying the first new 4,000 m rig has arrived at the port in Trinidad. This is the largest rig to be added to Range Resources Drilling Services Limited (“RRDSL”) d...

    ION announces cost reduction initiative
    Posted On Sep 02 ,2015 - 09:49-PM | by admin

    ION Geophysical Corporation (the "Company") (NYSE: IO) announced an aggressive cost reduction initiative as part of an overall plan to align operating expenses with business conditions and recent decl...

    ION awarded 2D seismic survey contract of Somalia Puntland offshore margin
    Posted On Sep 02 ,2015 - 09:50-PM | by admin

    ION Geophysical Corporation (NYSE: IO) and the Puntland Petroleum Minerals Agency (PPMA) announced that the PPMA has awarded ION a contract to acquire 8,000 kilometers of seismic data covering the ent...

    CGG Completes Hail-Shuweihat Survey for ADNOC
    Posted On Sep 02 ,2015 - 09:09-PM | by admin

    CGG announced that, with the support of its Seabed Geosolutions joint venture with Fugro, it has successfully completed the acquisition of a 3D seismic survey over the Hail and Shuweihat oil and gas f...

    PANORO ENERGY PROVIDES UPDATE ON DRILLING OF AJE-5 PRODUCTION WELL IN NIGERIA
    Posted On Sep 02 ,2015 - 09:09-PM | by admin

    Panoro Energy ASA (OSE ticker code: “PEN”), the independent E&P company with assets in Nigeria and Gabon, is pleased to provide an update on the drilling of the Aje-5 production well on the OML 11...

    NNPC SAYS REFINERIES NOT FOR SALE
    Posted On Sep 02 ,2015 - 09:29-PM | by admin

    In a bid to ensure lean, efficient and profitable operations, the Nigerian National Petroleum Corporation (NNPC) is to commence the unbundling of the Pipelines and Products Marketing Company Ltd into ...

    Aker Solutions to axe subsea jobs in Norway
    Posted On Sep 02 ,2015 - 09:51-PM | by admin

    Aker Solutions notified employees that it has become necessary to reduce the workforce capacity in its Norwegian subsea business because of a continued market slowdown. About 500 permanent position...

    ConocoPhillips Safely Delivers First Oil at Surmont 2
    Posted On Sep 02 ,2015 - 09:06-PM | by admin

    ConocoPhillips (NYSE: COP) safely delivered first oil at its Surmont 2 in-situ oil sands facility in Canada, marking a significant milestone for the megaproject. “The oil sands are an important p...

    Shell lifts Nigeria oil force majeure
    Posted On Sep 02 ,2015 - 09:32-PM | by admin

    The Shell Petroleum Development Company of Nigeria Ltd (SPDC) operated Joint Venture today (September 2) lifted the force majeure on Bonny Light exports following the repair and re-opening of the Tran...

    Pemex responds to Moody’s press release
    Posted On Sep 02 ,2015 - 09:26-PM | by admin

    Moody's Investors Service placed Petróleos Mexicanos’ (Pemex) global foreign currency and global local currency A3 ratings under review for a possible downgrade. In this regard, Pemex makes the fol...

    World's First Clean Oil Sands Project: An Interview With Dr. Gerald Bailey
    Posted On Sep 02 ,2015 - 09:21-PM | by admin

    After decades of exhaustive attempts to overcome the dirty reputation of oil sands, we finally have an environmentally-friendly and low cost method to tap into these vast resources in the state of Uta...

    Cash and Share Offer for BG Group plc by Royal Dutch Shell plc
    Posted On Sep 02 ,2015 - 09:25-PM | by admin

    The Boards of Shell and BG are pleased to announce that they have reached agreement on the terms of a recommended cash and share offer to be made by Shell for the entire issued and to be issued share ...

    Ventus Wind Drone Inspections Merges with Texas Aerial Solutions
    Posted On Sep 01 ,2015 - 09:03-PM | by admin

    Ventus Wind announced its merger with Texas Aerial Solutions, a regional supplier of drone video, and inspection services. The new company will be called Ventus and be based in Dallas, Texas. Texas ...

    OPEC Divorce And Self-Destruction Thanks To Saudi Oil Strategy?
    Posted On Sep 01 ,2015 - 09:22-PM | by admin

    "If you are the world's leading energy economy, you produce energy, that's what you do." "A government can stay irrational longer than it can stay solvent." "Even in the short term, you're dea...

    Start-up of Surmont 2
    Posted On Sep 01 ,2015 - 09:19-PM | by admin

    Total announces the start-up of production from the Surmont 2 oil sands project, located 63 kilometers southeast of Fort McMurray in the Athabasca region of Alberta, Canada. As a result of the te...

    JX Nippon Oil and Gas Announce Acquisitions of a Participating Interest in the Foz do Amazonas Basin of the Brazilian Amazon region
    Posted On Sep 01 ,2015 - 09:30-PM | by admin

    JX Nippon Oil & Gas Exploration Corporation (President: Shunsaku Miyake, “JX Nippon”) announced that its substantially wholly owned subsidiary, JX Nippon Oil & Gas Exploration (Brasil) Ltda. (“J...

    JX Nippon Oil and Gas Exploration Field Development Plan approved for Culzean in UK North Sea
    Posted On Sep 01 ,2015 - 09:34-PM | by admin

    JX Nippon Oil and Gas Exploration Corporation (President and CEO, Shunsaku Miyake) announced that its wholly owned subsidiary, JX Nippon Exploration and Production (U.K.) Limited (President and CEO, ...

    Total Sells Its Retail Network Assets to Demirören for €325 Million
    Posted On Sep 01 ,2015 - 09:44-PM | by admin

    Total has signed an agreement to sell its service station network and commercial sales, supply and logistics assets located in Turkey to Demirören for €325 million (around $356 million). The transa...

    EIA begins monthly survey-based reporting of U.S. crude oil production
    Posted On Sep 01 ,2015 - 09:47-AM | by admin

    With the release of today’s Petroleum Supply Monthly, EIA is incorporating the first survey-based reporting of monthly U.S. crude oil production statistics. Today's Petroleum Supply Monthly includes...

    IMF Completes First Review of Ghana’s ECF and Approves US$116.6 Million Disbursement
    Posted On Sep 01 ,2015 - 09:28-AM | by admin

    The Executive Board of the International Monetary Fund (IMF) completed the first review of Ghana’s economic performance under the program supported by an Extended Credit Facility (ECF) arrangement[1...

    SWALA OBTAINS LICENCE EXTENSION TO PROGRESS DRILLING CAMPAIGN
    Posted On Sep 01 ,2015 - 09:23-AM | by admin

    Swala Energy Limited (“Swala” or “the Company”) advised that the Tanzanian Ministry of Energy and Mining (“MEM”) has agreed to extend the period within which an exploration well must be dr...

    Schlumberger and IBM Introduce New Service
    Posted On Sep 01 ,2015 - 09:59-AM | by admin

    Schlumberger and IBM announced that they have teamed up to provide integrated services to upstream oil and gas customers that will improve the business impact of production operations projects. The...

    Schlumberger Announces Agreement to Acquire Cameron
    Posted On Sep 01 ,2015 - 09:04-AM | by admin

    Schlumberger Limited (NYSE: SLB) and Cameron (NYSE: CAM) jointly announced a definitive merger agreement in which the companies will combine in a stock and cash transaction. The agreement was unanimou...

    Largest field discovered in UK North Sea for 10 years approved for development
    Posted On Aug 31 ,2015 - 08:33-PM | by admin

    The development of the largest new field discovered in the UK North Sea for a decade* has been approved by the UK Oil & Gas Authority. The Maersk Oil operated high pressure, high temperature (HPHT) Cu...

    Eni discovers a supergiant gas field in the Egyptian offshore
    Posted On Aug 30 ,2015 - 08:32-PM | by admin

    Eni has made a world class supergiant gas discovery at its Zohr Prospect, in the deep waters of Egypt. The discovery well Zohr 1X NFW is located in the economic waters of Egypt’s Offshore Mediterran...

    Saudis Could Face An Open Revolt At Next OPEC Meeting
    Posted On Aug 27 ,2015 - 08:57-PM | by admin

    OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil pric...

    Total sells North Sea midstream assets for £585 million
    Posted On Aug 27 ,2015 - 08:18-PM | by admin

    Total has signed an agreement to sell all of its interests in the FUKA and SIRGE gas pipelines and the St. Fergus Gas Terminal to North Sea Midstream Partners for £585 million (around $905 million), ...

    NNPC to fine tune the Petroleum Industry Bill (PIB)
    Posted On Aug 27 ,2015 - 08:50-PM | by admin

    The Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Ibe Kachikwu has explained that the Petroleum Industry Bill which has been pending before the National Assembly in the l...

    NNPC Cancels Contract for Delivery of Crude Oil to Refineries
    Posted On Aug 27 ,2015 - 08:03-PM | by admin

    The Nigerian National Petroleum Corporation, NNPC, on Thursday announced new measures aimed at cost reduction and strengthening of operational efficiency across its value chain. The NNPC in a release ...

    Total Confirms Its Withdrawal from Coal Production and Marketing
    Posted On Aug 24 ,2015 - 08:37-PM | by admin

    Paris - Total no longer produces coal with the closing of the sale of mine operator Total Coal South Africa. Signed in summer 2014, the agreement to sell the affiliate to a local company has now been ...

    Noble Energy to Present at Upcoming Energy Conference
    Posted On Aug 24 ,2015 - 08:38-PM | by admin

    Noble Energy, Inc. (NYSE: NBL) announced that David L. Stover, the Company's Chairman, President & CEO, will present at the Barclay's CEO Energy-Power Conference on Wednesday September 9, 2015, at 10:...

    San Leon Makes Announcement Regarding Takeover Speculation
    Posted On Aug 24 ,2015 - 08:39-PM | by admin

    The Board of San Leon notes the takeover speculation regarding San Leon in yesterday’s press. The Board of San Leon confirms that it has received an approach from a possible offeror, that may or may...

    Erin Energy Enters next pahse of Onshore Kenya Exploration
    Posted On Aug 24 ,2015 - 08:07-PM | by admin

    Erin Energy Corporation (Erin Energy or the Company) (NYSE MKT: ERN) announced it has been given approval by the government of Kenya to enter the First Additional Exploration Period (FAEP) on its onsh...

    NNPC to explore Community Based Pipeline Protection model
    Posted On Aug 24 ,2015 - 08:49-PM | by admin

    The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Ibe Kachikwu has hinted that the Corporation may settle for the option of community based policing to protect the ...

    Songa Offshore SE Announce Delivery of Songa Endurance
    Posted On Aug 24 ,2015 - 08:03-PM | by admin

    Songa Offshore has today taken delivery of Songa Endurance from Daewoo Shipbuilding & Marine Engineering (DSME) in Korea. Songa Endurance will shortly depart South Korea en route to Norway for comm...

    Updates on Shale Gas Regulation and Licenses from Hampshire Country Council & Mobb€™s Environmental Investigations and Research
    Posted On Aug 24 ,2015 - 08:11-PM | by admin

    Hampshire Country Council and Mobb's Environmental Investigations and Research will meet at the 6th Annual Shale Gas Environmental Summit 2015 in London, to discuss updates in Shale Gas regulation and...

    What's Really At Stake With The Iran Nuclear Deal
    Posted On Aug 22 ,2015 - 08:44-PM | by admin

    Recently, I wrote on these pages that a remarkable turnaround was taking place in the President's fortunes. It's an impressive display of rising from the depths of falling popularity last fall, and it...

    Neste Jacobs selected by Borouge as FEED contractor for polyethylene plant modification in Ruwais, UAE
    Posted On Aug 22 ,2015 - 08:16-PM | by admin

    Borouge, the Abu Dhabi based leading provider of innovative, value creating plastics solutions has selected Neste Jacobs, a technology, engineering and project management company as a Front End Engine...

    aeSolutions™ Ships First UL-Listed Control Panels Suitable for Installation in Hazardous Locations to Prudhoe Bay, Alaska
    Posted On Aug 22 ,2015 - 08:10-PM | by admin

    aeSolutions, a UL 508a panel fabrication shop, has obtained NNNY and NRBX UL listings certifying industrial control panels for use in hazardous locations and shipped their first NNNY listed Burner Man...

    Neste's renewable fuel patent portfolio becomes stronger
    Posted On Aug 22 ,2015 - 08:22-PM | by admin

    Neste's patent portfolio in renewable fuels has strengthened with new patents in Europe and the United States. The patents further strengthen Neste's NEXBTL patent portfolio both geographically and in...

    Why the UK needs exploratory drilling
    Posted On Aug 22 ,2015 - 08:46-PM | by admin

    Britain awards shale gas exploration licences for the first time in seven years. The new licensing round awarded 27 new shale gas and conventional exploration blocks and obtained 95 applications fro...

    The first pipeline crossing the Arctic Circle
    Posted On Aug 22 ,2015 - 08:07-AM | by admin

    On 21 August the Polarled gas pipeline crossed 66 degrees and 33 minutes north of the equator becoming the first pipeline to take the Norwegian gas infrastructure across the Arctic Circle. This will o...

    The first building block completed on the Johan Sverdrup field
    Posted On Aug 13 ,2015 - 08:24-AM | by admin

    The first piece of the Johan Sverdrup development has now been completed and installed on the field in the North Sea. It was Heerema Marine Contractors’ crane vessel “Thialf” that completed t...

    Neste's NEXBTL renewable diesel retail availability expands into Southern California
    Posted On Aug 13 ,2015 - 08:22-AM | by admin

    After a very successful debut in Northern California, Neste's NEXBTL renewable diesel is now also available to drivers in Southern California at retail stations. Propel Fuels is the first retailer in ...

    Saudi Oil Strategy: Brilliant Or Suicide?
    Posted On Aug 13 ,2015 - 08:16-AM | by admin

    In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market's swing producer and therefore it role as unofficial guarantor of ...

    Statoil renewing partnership with the Arctic Race of Norway
    Posted On Aug 12 ,2015 - 08:59-PM | by admin

    There was a cheerful atmosphere in Harstad when the contract between Statoil and the Arctic Race of Norway was renewed today. Statoil continues as the main sponsor for another three years. “Stato...

    Hydrocarb Receives Work Extension and Environmental Clearance from Namibia
    Posted On Aug 12 ,2015 - 08:02-AM | by admin

    Hydrocarb Energy Corporation (OTCQB:HECC) announced that its subsidiary, Hydrocarb Namibia Energy Corporation (PTY) Ltd., “HNA”, has received a one year license extension and an e...

    Africa Oil Pipeline Update
    Posted On Aug 12 ,2015 - 08:09-AM | by admin

    Africa Oil Corp. ("Africa Oil", "AOC" or the "Company") (TSX:AOI)(OMX:AOI) announced that following a state visit to Uganda by His Excellency Hon. Uhuru Kenyatta, President of the Republic of Kenya, a...

    The Saudi Oil Price War Is Backfiring
    Posted On Aug 12 ,2015 - 08:32-AM | by admin

    Saudi Arabia has long enjoyed the status of being the top crude oil exporter in the world. With record production of 10.564 million barrels per day in June 2015, Saudi Arabia has been one of the major...

    Canacol Energy Provides Production and Drilling Update, Announces Light Oil Discovery in Ecuador
    Posted On Aug 11 ,2015 - 08:46-AM | by admin

    Canacol Energy Ltd. ("Canacol" or the "Corporation") (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) is pleased to provide the following update concerning its production and drilling operations in Colombia and Ecuad...

    Industry-First Multiclient Wide-Azimuth Deepwater Seismic Survey in Mexican Waters, Gulf of Mexico
    Posted On Aug 11 ,2015 - 08:54-AM | by admin

    Schlumberger expanded its Gulf of Mexico multiclient wide-azimuth seismic data portfolio by launching a new survey in the Campeche Basin. The acquisition of the industry’s first multiclient wide...

    PEMEX awards offshore engineering to Wood Group
    Posted On Aug 11 ,2015 - 08:02-AM | by admin

    Wood Group has been awarded a three-year offshore engineering blanket order by PEMEX Procurement International for field development in Mexico’s Gulf of Mexico waters. The agreement, valued at up to...

    Berkshire Hathaway to acquire Precision Castparts Corp. for $235 per share in cash
    Posted On Aug 10 ,2015 - 08:36-PM | by admin

    The boards of directors of Berkshire Hathaway Inc. (NYSE: BRK.A; BRK.B) and Precision Castparts Corp. (“PCC”) (NYSE: PCP) have unanimously approved a definitive agreement for Berkshire Hathaway to...

    Gazprom's Q1 net profit up 71 percent
    Posted On Aug 10 ,2015 - 08:00-AM | by admin

    Profit attributable to the owners of PJSC Gazprom for the three months ended March 31, 2015 totaled RUB 382,112 million which is RUB 159,105 million, or 71 %, higher compared to the three months ended...

    Afren plc ('Afren') provides notice of delisting and cancellation of trading of Afren shares
    Posted On Aug 10 ,2015 - 08:42-AM | by admin

    Notice of delisting and cancellation of trading of Afren plc shares As announced on 15 July 2015, the Ordinary Shares of 1p each of Afren (ISIN code: GB00B0672758) (the 'Afren Shares') were temporari...

    Sound Oil signs a gas sales agreement with Shell Energy Italia
    Posted On Aug 08 ,2015 - 08:07-PM | by admin

    Sound Oil, the Mediterranean focused upstream gas company announced the signature of a gas sales agreement for the Casa Tonetto production concession, which includes the Nervesa gas field, with Shell ...

    Marathon Oil Reports Second Quarter 2015 Results
    Posted On Aug 08 ,2015 - 08:07-PM | by admin

    Marathon Oil Corporation (NYSE:MRO) reported a second quarter 2015 adjusted net loss of $155 million, or $0.23 per diluted share, excluding the impact of certain items not typically represented in ana...

    aeSolutions’™ Announce Latest Release of aeShield® V4.0 with aeFacilitator®, Safety Lifecycle Management Suite
    Posted On Aug 07 ,2015 - 08:46-AM | by admin

    aeSolutions™ announced the release of aeShield® V4.0 with aeFacilitator®, the latest version of their Safety Lifecycle Management platform. aeShield paired with aeFacilitator provides maximum valu...

    Shell to sell stake in Tongyi Lubricants to Huo’s Group and The Carlyle Group
    Posted On Aug 07 ,2015 - 08:59-AM | by admin

    Shell has signed an agreement to sell its 75% stake in Tongyi Lubricants in China to Huo’s Group and The Carlyle Group. The transaction is expected to complete by late 2015 or early 2016, subject to...

    Range provides the following update with respect to its Trinidad operations
    Posted On Aug 07 ,2015 - 08:21-AM | by admin

    The average production in Trinidad for June and July was 570 barrels of oil per day (“bopd”). The overall production decreased by 8% compared to the last reported production of 620 bopd in May, d...

    Eland Oil & Gas Announce Operations and Corporate Update
    Posted On Aug 07 ,2015 - 08:40-AM | by admin

    Eland Oil & Gas PLC (AIM:ELA), the oil and gas production, development and exploration company operating in West Africa with a principal focus on Nigeria, is pleased to provide the following operation...

    EMGS Announce Letter of Award in Malaysia for BOA Thalassa
    Posted On Aug 07 ,2015 - 08:37-AM | by admin

    Electromagnetic Geoservices ASA (EMGS) has received a letter of award (LOA) for a contract worth approximately USD 4.2 million from an oil company for 3D EM data acquisition over their operated area i...

    Global Oil Supply More Fragile Than You Think
    Posted On Aug 07 ,2015 - 08:10-AM | by admin

    Many oil companies had trimmed their budgets heading into 2015 to deal with lower oil prices. But the rebound in April and May to $60 per barrel from the mid-$40s suggested that the severe drop was me...

    ExxonMobil Signs Agreements to Increase Position in Permian Basin
    Posted On Aug 06 ,2015 - 08:37-PM | by admin

    Exxon Mobil Corporation (NYSE:XOM) announced it has executed two agreements to obtain horizontal development rights in 48,000 acres in the core of the Midland Basin. The two agreements include an a...

    Could WTI Trade At A Premium To Brent By Next Year?
    Posted On Aug 06 ,2015 - 08:05-PM | by admin

    A flood of bearish news has pushed down oil prices to their lowest levels in months, with WTI nearing $45 per barrel and Brent flirting with sub-$50 territory. With a bear market back, there is pessim...

    SEC Adopts Rule for Pay Ratio Disclosure
    Posted On Aug 06 ,2015 - 08:58-PM | by admin

    The Securities and Exchange Commission today adopted a final rule that requires a public company to disclose the ratio of the compensation of its chief executive officer (CEO) to the median compensati...

    LR Senergy awarded contracts worth a combined US$7 million in the Middle East, Europe and Asia
    Posted On Aug 05 ,2015 - 08:09-PM | by admin

    Energy services company LR Senergy has been awarded a number of contracts worth a combined US$7 million in the Middle East, Europe and Asia as it continues to adapt to the difficult and changing marke...

    Repsol posts adjusted net income of 1.24 billion euros
    Posted On Aug 05 ,2015 - 08:56-PM | by admin

    During the first half of 2015, Repsol posted an adjusted net income of 1.24 billion euros, 35% more than the 922 million in the first half of 2014. This result, which specifically measures the per...

    CME Group and CFETS Sign Memorandum of Understanding
    Posted On Aug 05 ,2015 - 08:05-PM | by admin

    CME Group, the world's leading and most diverse derivatives marketplace, and China Foreign Exchange Trade System (CFETS), announced they have signed a Memorandum of Understanding (MOU) in Shanghai tod...

    Lundin Petroleum Announce Successful appraisal well on the Edvard Grieg field, offshore Norway
    Posted On Aug 05 ,2015 - 08:37-AM | by admin

    Lundin Petroleum AB (Lundin Petroleum) announced that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has completed the drilling and logging of appraisal well 16/1-23 S on the Edvard Grie...

    SOCO International plc Announce Interim Results for the six months ended 30 June 2015
    Posted On Aug 05 ,2015 - 08:54-AM | by admin

    SOCO announced its Interim Results for the six months ended 30 June 2015. The Company will host a conference call for institutional analysts at 9:30am today.

      Operational Highlights

    PwC’s ‘Africa oil & gas review, 2015’
    Posted On Aug 05 ,2015 - 08:27-AM | by admin

    Overall, activity in the oil & gas industry across the African continent has slowed in the wake of the declining oil price in late 2014. • 93% of respondents expect a Brent crude price range of U...

    Neste's Interim Report for January-June 2015
    Posted On Aug 05 ,2015 - 08:55-AM | by admin

    Continuing strong refining market enabled good result despite the scheduled major turnaround at the Porvoo refinery

      Second quarter in brief:
    • Comparable operatin...

    Anadarko Declares Dividend
    Posted On Aug 04 ,2015 - 08:11-PM | by admin

    The Board of Directors of Anadarko Petroleum Corporation (NYSE: APC) declared a quarterly cash dividend on the company's common stock of 27 cents per share, payable Sept. 23, 2015, to stockholders of ...

    Plymouth University unveils Plans to build first autonomous vessel to cross the ocean
    Posted On Aug 04 ,2015 - 08:40-PM | by admin

    A pioneering project has been launched to design, build and sail the world’s first full-sized, fully autonomous unmanned ship across the Atlantic Ocean. The Mayflower Autonomous Research Ship, co...

    ExxonMobil to Expand U.S. Domestic Crude Processing Capacity
    Posted On Aug 04 ,2015 - 08:55-PM | by admin

    ExxonMobil will add flexibility to process light crudes at its Beaumont refinery, increasing production capacity by approximately 20,000 barrels per day. This expansion will further strengthen ExxonMo...

    Neste to invest EUR 60 million in Naantali to improve the refining operations
    Posted On Aug 04 ,2015 - 08:54-PM | by admin

    Neste has decided to invest about EUR 60 million in the Naantali production. The investments are connected to the program announced in October 2014 with which Neste will develop the refineries in Porv...

    CME Group Volume Averaged 12.8 Million Contracts per Day in July 2015, Up 5 Percent from July 2014
    Posted On Aug 04 ,2015 - 08:59-PM | by admin

    CME Group, the world's leading and most diverse derivatives marketplace, announced that July 2015 volume averaged 12.8 million contracts per day, up 5 percent from July 2014. Total volume was more th...

    United States Trade Agency Provides $997m Grant to Dangote Refinery
    Posted On Aug 04 ,2015 - 08:44-PM | by admin

    The U.S. Trade and Development Agency (USTDA) signed a $997,433 training grant with Dangote Oil Refining Company Ltd. to develop the critical human capacity resources necessary to successfully operate...

    Fugro Awarded Contract for Geochemical Campaign Offshore Honduras
    Posted On Aug 04 ,2015 - 08:30-AM | by admin

    Fugro has been awarded a contract by BG International Limited Sucursal Honduras to conduct an integrated multibeam echosounder survey and seabed coring campaign over its offshore acreage in the Hondur...

    Peregrino field, Brazil, marks 100 million barrels production
    Posted On Aug 04 ,2015 - 08:13-AM | by admin

    After just four years in production, the Peregrino field in the Campos basin offshore Brazil has passed a significant milestone, with 100 million barrels of oil produced since April 2011. The field...

    Oceanteam Shipping ASA's solutions division, awarded a contract with Bohlen & Doyen GmbH
    Posted On Aug 03 ,2015 - 08:59-PM | by admin

    RentOcean, part of Oceanteam Shipping ASA's solutions division, has been awarded a contract with Bohlen & Doyen GmbH for supplying a lay spread for a cable laying project in Germany. The lay spread in...

    The President of Nigeria meets Eni's CEO Claudio Descalzi
    Posted On Aug 03 ,2015 - 08:27-PM | by admin

    The President of Nigeria, Mohammadu Buhari, met today in Abuja, for the first time since his appointment last May, Eni’s Chief Executive Officer, Claudio Descalzi. During the meeting, which was f...

    CME Group and FTSE Russell to Offer Leading Index Derivatives
    Posted On Aug 03 ,2015 - 08:14-PM | by admin

    CME Group, the world's leading and most diverse derivatives marketplace, and FTSE Russell, a leading global index provider, announced that they have entered into a licensing agreement establishing CME...

    BASF and Gazprom sign MoU to expand Nord Stream pipeline
    Posted On Aug 03 ,2015 - 08:35-PM | by admin

    BASF subsidiary Wintershall intends to participate in expanding the capacities of the Nord Stream pipeline, which delivers Russian natural gas to European customers via the Baltic Sea. A Memorandum of...

    World Bank approves $700 million in guarantees for Ghana’s Sankofa Gas Project
    Posted On Aug 03 ,2015 - 08:44-PM | by admin

    The World Bank’s Board of Directors approved a record investment of $700 million in guarantees for Ghana’s Sankofa Gas Project - a transformational project that will help address the country’s s...

    Noble Energy Announces Second Quarter 2015 Results
    Posted On Aug 03 ,2015 - 08:57-AM | by admin

    Noble Energy, Inc. (NYSE:NBL) announced a second quarter 2015 net loss of $109 million, or $0.28 per diluted share. Excluding the impact of certain items which would typically not be considered by ana...

    Lalla Mimouna Permit - NFA-1 Well plugged and abandoned
    Posted On Aug 03 ,2015 - 08:06-AM | by admin

    Circle Oil Plc (AIM: COP), the North African focused oil and gas exploration, development and production company, provides the following information on the progress of the NFA-1 exploration well on th...

    BG Group starts up sixth FPSO in the Santos Basin, offshore Brazil
    Posted On Aug 03 ,2015 - 08:45-AM | by admin

    BG Group (LSE: BG.L), a world leader in exploration and LNG, announced first oil from the Cidade de Itaguaí floating, production, storage and offloading (FPSO) vessel, the sixth unit to start product...

    Neste's renewable NEXBTL diesel to reduce Flow Festival's carbon footprint again
    Posted On Aug 03 ,2015 - 08:48-AM | by admin

    Neste has once again been chosen as the environmental partner of the Flow Festival arranged on 14-16 August. Neste will deliver the 100% NEXBTL renewable diesel for the electricity production at the e...

    Sterling Announce Completion of acquisition of interest in Block C-3, Mauritania
    Posted On Jul 31 ,2015 - 07:18-PM | by admin

    Sterling Energy plc (the ‘Company’ – Ticker Symbol: SEY), the AIM listed upstream oil and gas company with interests in Africa, is pleased to announce that completion has now occurred under the ...

    INPEX to Undertake Exploratory Offshore Drilling Project in Japan
    Posted On Jul 31 ,2015 - 07:50-PM | by admin

    INPEX CORPORATION (INPEX) announced it has been commissioned by the Agency of Natural Resources and Energy of the Ministry of Economy, Trade and Industry (METI) of Japan to drill one exploratory well ...

    Chevron Reports Second Quarter Net Income of $571 Million
    Posted On Jul 31 ,2015 - 07:15-PM | by admin

    Chevron Corporation (NYSE: CVX) today reported earnings of $571 million ($0.30 per share – diluted) for second quarter 2015, compared with earnings of $5.7 billion ($2.98 per share – diluted) in t...

    ExxonMobil Earns $4.2 Billion in Second Quarter of 2015
    Posted On Jul 31 ,2015 - 07:23-PM | by admin

    Exxon Mobil Corporation today announced estimated second quarter 2015 earnings of $4.2 billion, or $1 per diluted share, compared with $8.8 billion a year earlier. Higher Downstream and Chemical earni...

    Afren provides update on the outcome of the discussions regarding its financial situation
    Posted On Jul 31 ,2015 - 07:03-AM | by admin

    Afren Plc (the ‘Company’) provides an update on the outcome of the discussions regarding its financial situation. As announced on 15 July 2015, the recently completed operational review has led...

    Is Mozambique the New Qatar?
    Posted On Jul 31 ,2015 - 07:16-AM | by admin

    The potential for GTL and LNG products in Mozambique to be addressed at SMi’s 18th annual Gas to Liquids Conference. Narkangan GTL and SPTEC Advisory will provide a regional analysis of the GTL mark...

    Parkmead awarded three new UK oil and gas licences
    Posted On Jul 31 ,2015 - 07:17-AM | by admin

    Parkmead, the UK and Netherlands focused independent oil and gas group, is delighted to announce that it has been provisionally awarded three new licences covering three offshore blocks in the UK 28th...

    Zion Oil & Gas Extends the Stock Unit Option Program
    Posted On Jul 31 ,2015 - 07:18-AM | by admin

    Zion Oil & Gas, Inc. (NASDAQ GM: ZN) (“Zion”) announced that under our Dividend Reinvestment and Common Stock Purchase Plan (“DSPP” or the “Plan”), we are extending the Unit Option under t...

    Range Announces Second Quarter 2015 Results
    Posted On Jul 31 ,2015 - 07:32-AM | by admin

    Highlights of its second quarter financial results. Production volumes reached a record high, averaging 1,373 Mmcfe per day, a 24% increase over the prior-year quarter. Unit costs declined $0.36 p...

    Top 6 Most Powerful Women In Oil And Gas
    Posted On Jul 31 ,2015 - 07:28-AM | by admin

    When it comes to glass ceilings, there is probably none tougher to crack than the oil and gas industry. For decades the corner office has been the preserve of alpha-male CEOs with a high tolerance for...

    Former Exxon President On Mission To Clean Up Oil Sands
    Posted On Jul 31 ,2015 - 07:42-AM | by admin

    Canada has given oil sands a dirty reputation, but a breakthrough, commercially viable technology has caught the eye of a former Exxon Mobil president who is putting it to use to clean up Utah's billi...

    BG Group plc reports its 2015 Second Quarter and Half Year Results
    Posted On Jul 31 ,2015 - 07:17-AM | by admin

    Second Quarter Key Points

    1.  E&P production up 19% at 703 kboed; full year guidance moved to the upper half of 650 - 690 kboed range
    1.  Australia and Brazil a...

    Bell Oil & Gas Commissions Glass-fibre Reinforced Epoxy (GRE) Spooling Yard in Nigeria
    Posted On Jul 30 ,2015 - 07:42-PM | by admin

    The ability to effectively put corrosion under check whilst ensuring that oil and gas production remains sustainable is one of pronounced anxiety today. It is to corrosion that we sometimes owe the fr...

    Occidental Petroleum Announces 2nd Quarter 2015 Results
    Posted On Jul 30 ,2015 - 07:38-PM | by admin

    Occidental Petroleum Corporation (NYSE: OXY) announced core income for the second quarter of 2015 of $165 million ($0.21 per diluted share), compared with $31 million ($0.04 per diluted share) for the...

    Ecopetrol announces important hydrocarbon discovery in Colombian Caribbean ultra-deepwater
    Posted On Jul 30 ,2015 - 07:43-PM | by admin

    Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC; TSX: ECP) informs that at a depth of 3720 meters, the Kronos-1 well verified the presence of hydrocarbons in ultra-deepwater of Colombian south Caribbean area...

    Subsea 7 awarded contract offshore Egypt
    Posted On Jul 30 ,2015 - 07:15-PM | by admin

    Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a contract with a value of approximately USD 500 million by BP, and partner DEA, for the development of the Taurus and Libra s...

    PA Resources submits Zarat Field Plan of Development
    Posted On Jul 30 ,2015 - 07:47-PM | by admin

    PA Resources announced that it has submitted an updated Zarat Field Plan of Development to the Tunisian authorities. This Plan of Development is a technically and commercially robust plan which has be...

    CME Group Inc. Reports Strong Second-Quarter 2015 Financial Results
    Posted On Jul 30 ,2015 - 07:43-AM | by admin

    CME Group Inc. (NASDAQ: CME) today reported revenues of $820 million and operating income of $495 million for the second quarter of 2015. Net income attributable to CME Group was $265 million and dil...

    Frontier Resources International Plc Operational Update, Namibia
    Posted On Jul 30 ,2015 - 07:10-AM | by admin

    The Board of Frontier Resources International Plc (LON:FRI), the AIM – traded international oil and gas exploration company with focus on the Middle East and Southern Africa, has today provided shar...

    LGO Announce Operational Update
    Posted On Jul 30 ,2015 - 07:50-AM | by admin

    LGO announced that its latest development well, GY-676, at its Goudron Field development in Trinidad, reached total depth at 3,545 feet measured depth ("MD") on 19 July 2015. Electric log interpretat...

    EIA reports show different aspects of U.S. oil production statistics and trends
    Posted On Jul 30 ,2015 - 07:20-AM | by admin

    As crude oil prices and rig counts have fallen significantly since late 2014, changes in U.S. crude oil production statistics and trends have come into focus. EIA publishes several reports coverin...

    Gazprom and NIPIGAZ agree to enter into partnership
    Posted On Jul 30 ,2015 - 07:29-AM | by admin

    Gazprom Pererabotka Blagoveshchensk (part of Gazprom Group) and NIPIgazpererabotka (NIPIGAZ is a part of SIBUR Group) agreed to form a partnership on designing, coordinating equipment and material sup...

    Summary of Technip’s Second Quarter 2015 Results
    Posted On Jul 30 ,2015 - 07:14-AM | by admin

    Performance in line with July 6th announcement with strong revenue growth. Restructuring plan on track: 2Q one-off charge of €570 million

    1. · Order intake of €1.5 billion; backlog at ...

    Neste's NEXBTL renewable diesel will fuel UPS's fleet
    Posted On Jul 30 ,2015 - 07:26-AM | by admin

    Neste, the world's leading producer of premium quality renewable fuels will supply NEXBTL renewable diesel to UPS, the global leader in logistics, to help facilitate UPS's shift to alternative fuels. ...

    Shell's Second quarter 2015 summary of unaudited results
    Posted On Jul 30 ,2015 - 07:35-AM | by admin

    Royal Dutch Shell’s second quarter 2015 earnings, on a current cost of supplies (CCS) basis, were $3.4 billion compared with $5.1 billion for the same quarter a year ago.

    1. Second quart...

    Shell to sell its shareholding in Showa Shell to Idemitsu
    Posted On Jul 30 ,2015 - 07:56-AM | by admin

    Shell has reached an agreement with Idemitsu for the sale of 125,261,200 shares in Showa Shell Sekiyu KK, representing a 33.24% shareholding in the company, for a total amount of JPY 169 billion (appr...

    FERC Grants Excelerate Approval to Move Forward with Construction and Operation of LNG Terminal
    Posted On Jul 29 ,2015 - 07:28-PM | by admin

    On July 24, 2015, the Federal Energy Regulatory Commission (FERC) issued its order granting authorization to Excelerate Energy (“Excelerate”), in cooperation with the Puerto Rico Electric Power Au...

    Hess Reports Estimated Results for the Second Quarter of 2015
    Posted On Jul 29 ,2015 - 07:54-PM | by admin

    Hess Corporation (NYSE: HES) reported an adjusted net loss, which excludes items affecting comparability, of $147 million or $0.52 per common share, for the second quarter of 2015 compared with adjust...

    Anadarko Announces Second-Quarter 2015 Results
    Posted On Jul 29 ,2015 - 07:37-AM | by admin

    Anadarko Petroleum Corporation (NYSE: APC) today announced its financial and operating results for the second quarter of 2015, including net income attributable to common stockholders of $61 million, ...

    Hercules Offshore, Inc. Announces Second Quarter 2015 Results
    Posted On Jul 29 ,2015 - 07:26-AM | by admin

    Hercules Offshore, Inc. (Nasdaq: HERO) reported a net loss of $88.3 million, or $0.55 per diluted share, on revenue of $79.2 million for the second quarter 2015, compared to net income of $6.6 million...

    U. S. Steel Tubular Products Launches USS-LIBERTY TC™
    Posted On Jul 29 ,2015 - 07:17-AM | by admin

    U. S. Steel Tubular Products, a subsidiary of United States Steel Corporation (NYSE: X), introduced USS-LIBERTY TC™, the company's newest American-made premium connection to oil and gas customers op...

    Warren Buffett And Elon Musk To Spark A Lithium Boom
    Posted On Jul 29 ,2015 - 07:16-AM | by admin

    The age of electrification across the transportation sector, the solar panel revolution, and Tesla's battery gigafactory are igniting a battle for the cheapest battery. That will transform lithium int...

    Total sells minority interests in West of Shetland fields for £565 million
    Posted On Jul 29 ,2015 - 07:01-AM | by admin

    Total has signed an agreement to sell 20% of its interests in the Laggan, Tormore, Edradour and Glenlivet fields, located in the West of Shetland area, to SSE E&P UK Limited Ltd for £565 million (aro...

    Lekoil Announce First Oil is expected to Flow from Otakikpo-002
    Posted On Jul 29 ,2015 - 07:31-AM | by admin

    Lekoil (AIM: LEK), the oil and gas exploration and development company with a focus on Nigeria and West Africa more generally, announces the following update regarding operational activity at the Otak...

    Tullow Oil 2015 Half Year Results
    Posted On Jul 29 ,2015 - 07:55-AM | by admin

    Tullow Oil plc (Tullow), the independent oil and gas exploration and production group, announces its half year results for the six months ended 30 June 2015. Details of a presentation in London, webca...

    Statoil Expects More oil from Gullfaks
    Posted On Jul 29 ,2015 - 07:58-AM | by admin

    Production from the Gullfaks South (GSO) fast-track project for improved oil recovery in the North Sea started on 27 July. GSO will increase the output from the Gullfaks area by around 65 million barr...

    New offshore oil and gas exploration licences awarded
    Posted On Jul 28 ,2015 - 07:47-PM | by admin

    Oil and gas exploration on the UK Continental Shelf received a welcome boost when the Oil and Gas Authority, the UK oil and gas regulator, announced the remaining winners from the 28th Offshore Licens...

    BG Group recognised by FTSE4Good for fifteenth consecutive year
    Posted On Jul 28 ,2015 - 07:36-PM | by admin

    BG Group has been recognised for its long-term commitment to and investment in sustainability for 15 consecutive years on the FTSE4Good index. The index is an independent measure of a company’s envi...

    Panoro Energy announces spud of Aje 5 production well in Nigeria
    Posted On Jul 28 ,2015 - 07:12-PM | by admin

    Panoro Energy ASA ("PEN", OSE ticker code), the independent E&P company with assets in Nigeria and Gabon, is pleased to announce that drilling has commenced on the Aje-5 production well on the OML 113...

    Seabed Geosolutions secures two new contracts
    Posted On Jul 28 ,2015 - 07:12-PM | by admin

    Fugro, the Netherlands-based geotechnical, survey, subsea and geoscience service provider, disclosed that Seabed Geosolutions will soon mobilise for the variation order that was signed today by Abu D...

    Clontarf Energy Announce Update on Tano Offshore Licence, Ghana
    Posted On Jul 28 ,2015 - 07:34-PM | by admin

    The board of Clontarf Energy wish to announce that they have agreed with the Ghanaian authorities that Pan Andean Resources Ltd ("Pan Andean"), the Company's local subsidiary (60% Clontarf, 30% Petrel...

    Statoil ASA Announce 2015 second quarter results
    Posted On Jul 28 ,2015 - 07:39-AM | by admin

    Statoil (OSE:STL, NYSE:STO) delivered Adjusted earnings of NOK 22.4 billion and adjusted earnings after tax of NOK 7.2 billion in the second quarter. Statoil reported Net income in accordance with IFR...

    Saudis Expand Price War Downstream
    Posted On Jul 28 ,2015 - 07:15-AM | by admin

    The undisputed king of oil and gas is making some moves that could change the face of the global refining sector. In June 2015, Saudi Arabia pumped a record 10.564 million barrels a day, a record ...

    TECHNIP, SACE AND MIDOR AGREEMENT FOR THE ALEXANDRIA REFINERY
    Posted On Jul 28 ,2015 - 07:06-AM | by admin

    Technip Italy S.p.A.* and SACE announced the finalization of a joint agreement with Midor (Middle East Oil Refinery) for a project to modernize and expand the MIDOR refinery near Alexandria, Egypt in ...

    Technip awarded offshore brownfield and subsea tie-backs for PETRONAS FLNG1
    Posted On Jul 28 ,2015 - 07:54-AM | by admin

    Technip has been awarded an engineering, procurement, construction, installation and commissioning contract by PETRONAS Carigali for the tie-in of PETRONAS first Floating Liquefied Natural Gas (PFLNG1...

    Techno Oil builds LPG plant to produce 5 million cylinders annually
    Posted On Jul 28 ,2015 - 07:04-AM | by admin

    Techno Oil Limited has embarked on the construction of a multi-million naira Liquefied Petroleum Gas (cooking gas) cylinder manufacturing plant in Lagos, to produce 5 million units of cylinders annual...

    Serinus Energy Announce Resumption of Production at Sabria
    Posted On Jul 27 ,2015 - 07:30-PM | by admin

    As previously reported in the Company’s press release of June 1, 2015, the Sabria Field in central Tunisia was shut in due to local protests. These protests were against the lack of development, inv...

    Eni's CEO Claudio Descalzi and the Egyptian Minister of Petroleum Sherif Ismail sign an update to the Head of Agreement in Sharm el-Sheik
    Posted On Jul 27 ,2015 - 07:26-PM | by admin

    The Egyptian Minister of Petroleum and Mineral Resources, Sherif Ismail, and Eni’s CEO, Claudio Descalzi, in the presence of the Prime Minister of Egypt, Ibrahim Mahlab, and the Italian Prime Minist...

    Europe’s 5th largest renewable energy supplier automates budgeting and forecasting with TouchstoneEnergy
    Posted On Jul 27 ,2015 - 07:10-PM | by admin

    The 5th largest renewable energies specialist in Europe has engaged TouchstoneEnergy to work with them for the delivery of new and improved finance and integrated reporting systems. TouchstoneEnerg...

    GE Oil & Gas to provide advanced turbomachinery for TANAP project
    Posted On Jul 27 ,2015 - 07:38-PM | by admin

    GE Oil & Gas (NYSE: GE) will provide high-end turbomachinery for Phase 1 of the landmark Trans-Anatolian Natural Gas Pipeline (TANAP) - a partnership between the State Oil Company of Azerbaijan (SOCAR...

    Bowleven Announce Update on Zingana exploration well, Bomono Permit, Cameroon
    Posted On Jul 27 ,2015 - 07:14-PM | by admin

    Bowleven, the Africa focused oil and gas exploration group traded on AIM, announced that Zingana, the first well in a two exploration well programme, has been drilled to its planned total depth (TD) a...

    Convincing Colleagues is the most Pressing Issue for most CFO’s in the Energy Sector
    Posted On Jul 27 ,2015 - 07:05-AM | by admin

    There are so many solutions; which one should you choose..? Recent research by Accenture (1) shows that in most organisations, you will find numerous instances of financial systems, supplied by mul...

    TECHNIP, EGPC AND ASORC AGREEMENT FOR THE ASSIUT REFINERY
    Posted On Jul 27 ,2015 - 07:42-AM | by admin

    Technip Italy S.p.A.* announced the finalization of a joint agreement with Egyptian General Petroleum Corporation (EGPC) and Assiut Oil Refining Company (ASORC) for the modernization project of the As...

    IMF Executive Board Concludes Annual Discussions on CEMAC
    Posted On Jul 24 ,2015 - 07:43-PM | by admin

    On July 17, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the annual discussions on Common Policies and Challenges of Member Countries with the Central African E...

    AWE decides to discontinue with Drover-1 exploration program in Perth Basin
    Posted On Jul 24 ,2015 - 07:43-AM | by admin

    AWE Limited (ASX: AWE), as Operator of Exploration Permit 455 in the Perth Basin, Western Australia, advises that after consultation with Joint Venture partner, Titan Energy Limited (ASX: TTE), it wil...

    Primeline Secures Rig for Exploration Drilling in August
    Posted On Jul 24 ,2015 - 07:32-AM | by admin

    Primeline Energy Holdings Inc. (“Primeline” or the “Company”) (TSX VENTURE:PEH) announced that it has signed a Letter of Intent (“LOI”) for the drilling operations of the forthcoming excit...

    Cuadrilla to appeal over Lancashire fracking refusal
    Posted On Jul 24 ,2015 - 07:44-AM | by admin

    Cuadrilla plans to appeal Lancashire County Council’s (LCC) Development Control Committee’s decisions last month to refuse planning consent for two applications for temporary shale gas exploration...

    Robert Gordon University Launches Oil and Gas Institute in Nigeria
    Posted On Jul 23 ,2015 - 07:15-AM | by admin

    Robert Gordon University (RGU) formally launched its Aberdeen-based Oil and Gas Institute in Nigeria at an event at the British Deputy High Commission in July. During the visit to Nigeria, Prof. de...

    Gas and condensate discovery in the North Sea
    Posted On Jul 23 ,2015 - 07:31-AM | by admin

    Statoil and its PL146/PL333 partner Total E&P Norge have made a gas and condensate discovery in the Julius prospect in the King Lear area in the North Sea. The discovery well 2/4-23S, drilled by Ma...

    Lundin Issues Second quarter 2015 financial update
    Posted On Jul 22 ,2015 - 07:54-PM | by admin

    Lundin Petroleum AB will expense post-tax exploration costs of approximately MUSD 14 and recognise a net foreign exchange gain of approximately MUSD 28 for the second quarter of 2015. The profitabi...

    Iran to double oil exports
    Posted On Jul 22 ,2015 - 07:11-PM | by admin

    Spokesman for the government Mohammad-Baqer Nobakht said here Tuesday that the country is determined to double exports of oil and gas condensate. About Iran's assets which were frozen due to anti-I...

    Baker Hughes Announces 2015 Second Quarter Results
    Posted On Jul 22 ,2015 - 07:16-PM | by admin

    Revenue for the current quarter was $4 billion, down 33% compared to the second quarter of 2014. On a GAAP basis, net loss attributable to Baker Hughes for the second quarter was $188 million or $0...

    CNOOC Says Luda 10-1 Comprehensive Adjustment Project Commences Production
    Posted On Jul 22 ,2015 - 07:46-AM | by admin

    CNOOC Limited (the “Company”, NYSE: CEO, SEHK: 00883, TSX: CNU) today announced that the Luda 10-1 comprehensive adjustment project has commenced production. The Luda 10-1 oilfield is located i...

    Baron Oil Give Peru Block XXI Exploration Progress Update
    Posted On Jul 22 ,2015 - 07:47-AM | by admin

    The board of Baron announced that the Company’s local subsidiary (Gold Oil Peru S.A.C.) has confirmed that formal EIA governmental approval documentation allowing it to immediately commence further ...

    Xplorer plc Announce Update on Acquisition in Morocco
    Posted On Jul 22 ,2015 - 07:48-AM | by admin

    The board of directors of Xplorer (the “Board”) is pleased to announce it has signed a memorandum of understanding (the “MoU”) for the acquisition of a significant working interest in five sha...

    More Job Losses Coming To U.S. Shale
    Posted On Jul 22 ,2015 - 07:52-AM | by admin

    With the recently concluded nuclear deal between Iran and the P5+1 countries, oil prices have already started heading downward on sentiments that Iran's crude oil supply would further contribute to th...

    Erin Energy commences 3D Seismic survey Offshore The Gambia
    Posted On Jul 21 ,2015 - 07:07-PM | by admin

    Erin Energy Corporation (“Erin Energy” or the “Company”) (NYSE MKT:ERN) through its subsidiary Camac Energy Gambia Limited, has commenced the shooting of a 3D seismic survey off the coast of T...

    GE and Statoil collaboration announces winners of inaugural open innovation challenge
    Posted On Jul 21 ,2015 - 07:58-PM | by admin

    GE and Statoil’s Sustainability Collaboration announced today the five winners of its inaugural Open Innovation Challenge that focused on addressing the use of sand in unconventional operations. ...

    GE Oil & Gas Signs New Contract with Spain’s CLH Group
    Posted On Jul 21 ,2015 - 07:30-AM | by admin

    GE Oil & Gas (NYSE: GE) announced a new contract with CLH Group to provide remote monitoring and diagnostics for its centrifugal pump fleet in its plants in Mora, Adamuz, Loeches, Monzalbarba and Torr...

    Noble Energy Closes Acquisition of Rosetta Resources
    Posted On Jul 21 ,2015 - 07:57-AM | by admin

    Noble Energy, Inc. ("Noble Energy") (NYSE: NBL) announced that the stockholders of Rosetta Resources Inc. ("Rosetta") overwhelmingly approved the merger of Rosetta into a subsidiary of Noble Energy. ...

    Versalis signs Styrene Butadiene Rubber (SBR) Sales Agreement with Reliance
    Posted On Jul 21 ,2015 - 07:31-AM | by admin

    Versalis Pacific Trading (Shanghai), a 100% subsidiary of Versalis (Eni), a major producer in the polymers and elastomers industry, announced to have signed an Styrene Butadiene Rubber (SBR) Sales Agr...

    GE Technology to Power Lekki Free Zone in Lagos, Nigeria
    Posted On Jul 21 ,2015 - 07:19-AM | by admin

    GE’s Distributed Power business (NYSE: GE) announced that four of its Waukesha gas Enginators were commissioned at the Lekki Free Zone (LFZ) near Lagos, providing 12 megawatts (MW) of uninterrupted ...

    Trans Adriatic Pipeline (TAP) AG selects Technip for a contract for Project Management Services
    Posted On Jul 21 ,2015 - 07:08-AM | by admin

    Technip has been awarded by TAP(1) a Project Management Consultancy (PMC) Services contract, for a project designed to transport gas from the Shah Deniz field to the European market. TAP project sc...

    Total starts up production from Dalia Phase 1A on deep offshore Block 17
    Posted On Jul 21 ,2015 - 07:10-AM | by admin

    Total has started production from Dalia Phase 1A, a new development on its deep offshore operated Block 17, located 135 km off the coast of Angola. Dalia Phase 1A will develop additional reserves of 5...

    Jubilee Field production update
    Posted On Jul 20 ,2015 - 07:35-PM | by admin

    Tullow Oil plc (‘Tullow’) announces that gas export from the Jubilee Field to the Ghana Gas plant at Atuabo has been suspended since 3 July 2015 due to technical issues with gas compression system...

    LGO Energy Announce Goudron Pad 4 Testing Update in Trinidad
    Posted On Jul 20 ,2015 - 07:35-AM | by admin

    LGO announced an update on its testing operations at Drilling Pad 4 in the Goudron Field in Trinidad. A total of 506 feet of C-sand pay was perforated across the three wells and all three wells have ...

    Schlumberger Announces Second-Quarter 2015 Results
    Posted On Jul 20 ,2015 - 07:18-AM | by admin

    Revenue of $9.0 billion decreased 12% sequentially • EPS of $0.88 declined 17% sequentially, excluding charges and credits • Free cash flow of $1.5 billion represented 132% of earnings • Seq...

    Eni Makes important gas discovery in the Egyptian Nile Delta
    Posted On Jul 20 ,2015 - 07:46-AM | by admin

    Eni has made an important gas discovery in the Nooros exploration prospect, located in the Abu Madi West license in the Nile Delta, 120 kilometers north-east of Alexandria, Egypt. Preliminary estim...

    Shell to sell its equity interest in the Elba LNG joint venture to Kinder Morgan
    Posted On Jul 16 ,2015 - 07:11-AM | by admin

    Kinder Morgan, Inc. (NYSE: KMI) and Shell today announced that they have reached an agreement for Kinder Morgan to purchase 100 percent of Shell's equity interest in Elba Liquefaction Company, LLC (EL...

    The Multi-Trillion Dollar Oil Market Swindle
    Posted On Jul 15 ,2015 - 07:13-PM | by admin

    In the past, I documented the overstatements by both the IEA and EIA in 2014 & 2015 in terms of supply, inventory and understatements of demand. Others also noticed these distortions and, whether inte...

    BHP Billiton said it expects to take a $2 billion hit on Texas shale
    Posted On Jul 15 ,2015 - 07:45-PM | by admin

    BHP Billiton expects to recognise an impairment charge of approximately US$2 billion post-tax (or approximately US$2.8 billion pre-tax) against the carrying value of its Onshore US assets as an except...

    Aker Solutions ASA Release Second-Quarter 2015 Results
    Posted On Jul 15 ,2015 - 07:47-PM | by admin

    Sales NOK 8 billion in 2Q 2015 vs NOK 8.1 billion in 2Q 2014 Financial Highlights • Earnings before interest, taxes, depreciation and amortization (EBITDA) NOK 547 million vs NO...

    Afren Plc provides an operational and financial update
    Posted On Jul 15 ,2015 - 07:15-AM | by admin

    As part of an ongoing review of the business plan, it has become clear that the expected level of near-term production is likely to be materially lower as compared to the assumptions announced alongsi...

    Falcon Oil & Gas Announce Spudding of Kalala S-1
    Posted On Jul 15 ,2015 - 07:16-AM | by admin

    Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG, ESM: FAC) is pleased to announce the spudding of the Kalala S-1 well in the Beetaloo Basin, Australia. Kalala S-1 is the first of Falcon’s fully funded and...

    Rosneft and Statoil Completed Pilot Drilling at the North-Komsomolskoye Field
    Posted On Jul 15 ,2015 - 07:20-AM | by admin

    Rosneft and Statoil ASA completed drilling works as part of the Pilot Project at the PK1 layer of the North-Komsomolskoye field. During 2015 the companies jointly drilled 2 horizontal exploitation wel...

    Nigerian, British firms agree 27 partnerships in Shell sponsored-collaboration
    Posted On Jul 15 ,2015 - 07:18-AM | by admin

    A total of 27 partnerships have been agreed by Nigerian and British companies under the auspices of the annual Nigeria-UK engagement programme sponsored by the Shell Nigeria Exploration and Production...

    ARKeX Awarded Offshore East Coast US Exploration Permit
    Posted On Jul 14 ,2015 - 07:41-PM | by admin

    ARKeX Ltd. today announced it has been awarded the first G&G oil and gas exploration permit by the Bureau of Ocean Management (BOEM). The ARKeX survey will acquire an airborne broadband gravity a...

    OPEC, Get Ready For The Second U.S. Oil Boom
    Posted On Jul 14 ,2015 - 07:45-PM | by admin

    What OPEC countries fear most is a follow-up technological revolution that will lead to a second oil boom in the U.S., and that fear is now being realized. A technological revolution spurred the U...

    EU invests €150 million in energy infrastructure
    Posted On Jul 14 ,2015 - 07:24-PM | by admin

    Today Member States agreed on the Commission's proposal to allocate €150 million to key trans-European energy infrastructure projects. The bulk of the support will go to projects in Central Eastern ...

    Halliburton and Baker Hughes Provide Update on Proposed Acquisition
    Posted On Jul 14 ,2015 - 07:05-PM | by admin

    Halliburton Company (NYSE: HAL) and Baker Hughes Incorporated (NYSE: BHI) announced that they have entered into a timing agreement with the Antitrust Division of the U.S. Department of Justice (DOJ) p...

    Hydrocarb Energy Increases Production, Decreases Costs
    Posted On Jul 14 ,2015 - 07:12-PM | by admin

    Hydrocarb Energy Corporation (OTCQB:HECC) announced that results of its 2014 Production Enhancement Program continue to result in increased production, even while some of the Company’s production re...

    LUKOIL DISMISSES CLAIMS BY PROSECUTION OFFICE OF THE CITY OF PLOESTI, ROMANIA
    Posted On Jul 14 ,2015 - 07:24-PM | by admin

    PJSC LUKOIL has strongly denied accusations of money laundering and tax evasion brought against Petrotel-LUKOIL and its employees by the Prosecution Office under the Board of Appeal of the city of Plo...

    GE Expands Gas Engines Presence in Latin America with New Distributor
    Posted On Jul 14 ,2015 - 07:07-AM | by admin

    Supporting Latin America’s mounting need to provide industrial and commercial operators with reliable power at or near the point of use, GE’s Distributed Power business (NYSE: GE) today announced ...

    Court of Appeals Finds WesternGeco Patents Valid and Infringed by ION Geophysical
    Posted On Jul 14 ,2015 - 07:24-AM | by admin

    The U.S. Court of Appeals for the Federal Circuit recently affirmed the 2014 judgment that ION Geophysical Corp. infringed four seminal WesternGeco LLP patents covering streamer steering technology fo...

    Genel Energy Announce Directorate Change
    Posted On Jul 14 ,2015 - 07:38-AM | by admin

    Genel Energy plc (“Genel” or “the Company”) announces that, as of 12 July 2015, Rodney Chase has resigned from the Company. Tony Hayward has been appointed Chairman in his stead. Murat Özg...

    Petroleum Subsidies
    Posted On Jul 14 ,2015 - 07:51-AM | by admin

    President Muhammadu Buhari has said that his administration will handle the issue of subsidies on petroleum products with care. The President stated this after receiving briefing from the Ministry of...

    MX Oil invests in OML 113 offshore Nigeria
    Posted On Jul 13 ,2015 - 07:56-PM | by admin

    MX Oil plc (“MX Oil” or the “Company”) Investment in near term production oil and gas asset, placing and issue of new equity MX Oil plc, the AIM quoted oil and gas investment company, is p...

    Flogas Group Signs Letter of Intent with Alkcon Corporation
    Posted On Jul 10 ,2015 - 07:28-PM | by admin

    Alkcon Corporation (the "Company"), a developer of natural gas processing equipment, has entered into an exclusivity agreement and a Letter of Intent with Flogas Group ("Flogas") of Leicestershire, En...

    BG India achieves first oil production from the Mukta-B (MB),
    Posted On Jul 10 ,2015 - 07:22-PM | by admin

    BG has a 30% interest in the Panna-Mukta oil and gas fields alongside our partners, ONGC and Reliance Industries Ltd. The MB and MA pipelines have also been successfully completed as part of the pr...

    Petrofac awarded US$780 million project in Kuwait
    Posted On Jul 10 ,2015 - 07:10-PM | by admin

    Petrofac, the international oil and gas services provider has received an award notification for Kuwait Oil Company’s (KOC) manifold group trunkline (MGT) system in the north of Kuwait. The lump-...

    GE Capital, Canada and Gaz Metro Join Forces to Accelerate Trucking Industry's Move to Natural Gas
    Posted On Jul 10 ,2015 - 07:56-PM | by admin

    GE Capital, Canada and Gaz Métro Transport Solutions (GMTS), a subsidiary of Gaz Métro, announced today the signing of a strategic agreement that will facilitate the trucking industry’s adoption o...

    GE to connect BP’s subsea wells to industrial internet
    Posted On Jul 10 ,2015 - 07:09-PM | by admin

    GE Intelligent Platforms Software (NYSE: GE) announced a new production optimization project to connect all of BP’s (NYSE: BP) oil wells globally to the Industrial Internet. Using GE’s data manage...

    Now Is A Good Time To Pick Up Some Oil Stocks
    Posted On Jul 10 ,2015 - 07:27-PM | by admin

    Oil's oversized reaction to negative news from Greece and China on Monday should really have come as no surprise with the value of 20/20 hindsight. I have been writing for some time now that the commo...

    International Financial Institutions Announce $400 Billion to Achieve Sustainable Development Goals
    Posted On Jul 10 ,2015 - 07:07-PM | by admin

    The multilateral development banks (MDBs) and IMF today signaled plans to extend more than $400 billion in financing over the next three years and vowed to work more closely with private and public se...

    Join the Debate on Exploratory Fracking in the UK at the 2015 Shale Gas Environmental Summit
    Posted On Jul 09 ,2015 - 07:24-PM | by admin

    The process of fracking was temporarily banned in the UK back in 2011, after a test well caused a minor earthquake near Blackpool. Now that the ban has been lifted, the government has shown its suppor...

    Ophir Energy announces award of competitive FEED for Fortuna FLNG project in Equatorial Guinea
    Posted On Jul 09 ,2015 - 07:06-AM | by admin

    Ophir Energy announces that it has awarded Upstream Front End Engineering and Design (FEED) contracts for the Fortuna FLNG Project in Block R, Equatorial Guinea to two contractor consortia, (i) McDerm...

    Rosneft and Essar Expand Integrated Cooperation
    Posted On Jul 09 ,2015 - 07:31-AM | by admin

    Rosneft Chairman of the Management Board and Essar Group Founder Shashi Ruia signed a long-term contract for oil supplies for the purpose of refining at the Vadinar refinery (India). The document w...

    Rosneft and EGPC Agreed on the Term Sheet of Oil Products and LPG Future Supplies
    Posted On Jul 09 ,2015 - 07:26-AM | by admin

    Rosneft Chairman of the Management Board Igor Sechin and Egyptian General Petroleum Corporation (EGPC) General Director Tarek El-Molla signed a Term Sheet for prospective supplies of oil products and ...

    Savannah Announce Resource, Development Planning and Operational Update
    Posted On Jul 08 ,2015 - 07:34-AM | by admin

    Savannah Petroleum, the Niger focused oil and gas company, is pleased to report on work which has been conducted by independent expert CGG Robertson (“CGG”) on resource volumes on the R1/R2 licens...

    Don't Panic, Nothing Has Really Changed In The Oil Markets
    Posted On Jul 08 ,2015 - 07:34-AM | by admin

    Monday's 8% WTI crude decline is setting up a big opportunity for buyers. And there could be more to come. But this is driven by momentum, not by the fundamental conditions in the physical market. ...

    Finding Value in the Gulf Cooperation Council (GCC) Region
    Posted On Jul 06 ,2015 - 07:36-PM | by admin

    Value Investing Approach to Unlock Higher Returns in GCC; Non-oil Diversity Offers Robust Opportunities Despite a bleak run in the past eight months, investors focused on the region can reap ample di...

    Statoil is awarding the contract for integrated drilling services
    Posted On Jul 06 ,2015 - 07:16-PM | by admin

    Statoil is awarding Baker Hughes Norway the onshore contract for integrated drilling services for Johan Sverdrup. The estimated contract value is NOK 1.5 billion and is valid for six years with a four...

    Eni starts production at Perla giant gas field offshore Venezuela
    Posted On Jul 06 ,2015 - 07:23-PM | by admin

    Eni has started production of the giant gas field Perla, located in the Gulf of Venezuela, 50 kilometers offshore. The first production well has been opened and is currently in the clean-up phase. ...

    Total starts up its lubricants oil blending plant to accelerate growth in Asia
    Posted On Jul 03 ,2015 - 07:50-AM | by admin

    Total has announced the start up of its largest state-of-the-art lubricants oil blending plant in the world, located in Singapore. With an annual production capacity of 310,000 metric tons , this new ...

    Versalis, Ecombine and EVE Rubber Institute to develop innovative green tires
    Posted On Jul 03 ,2015 - 07:35-AM | by admin

    Versalis (Eni), a major producer in the polymers and elastomers industry, Ecombine and EVE Rubber Institute - respective subsidiary and affiliate companies of Mesnac, a Chinese global leading rubber &...

    Fjords Processing wins Johan Sverdrup contracts
    Posted On Jul 03 ,2015 - 07:14-AM | by admin

    Fjords Processing (formerly Aker Process Systems) wins three orders for the delivery of processing technology at Johan Sverdrup. Fjords Processing, headquartered in Norway (Fornebu), has won three ...

    BP to Settle Federal, State and Local Deepwater Horizon Claims for up to $18.7 Billion
    Posted On Jul 03 ,2015 - 07:07-AM | by admin

    The Disclosure and Transparency Rules (“DTR”) made by the Financial Conduct Authority govern amongst other matters the disclosure of inside information. Accordingly in compliance with Rule 2.2, BP...

    Technip Samsung Consortium awarded contracts for the Browse FLNG project
    Posted On Jul 03 ,2015 - 07:01-AM | by admin

    Technip Samsung Consortium was awarded two contracts by Shell for the Browse floating liquefied natural gas (FLNG) project in Australia, operated by Woodside(1). The Browse project covers ...

    2015 Africa Progress Report
    Posted On Jul 02 ,2015 - 07:29-PM | by admin

    Seizing Africa’s Energy and Climate Opportunities. The report stated that Africa’s leaders must start an energy revolution that connects the unconnected, and meets the demands of consumers, bus...

    Cuadrilla Comments on Council's Decision to Deny Planning Consent
    Posted On Jul 02 ,2015 - 07:42-AM | by admin

    Statement from Cuadrilla Regarding Lancashire County Council’s Development Control Committee’s Decision to Deny Planning Consent for the Application to Drill, Fracture and Flow test up to Four Wel...

    Tullow Provides Trading Statement and Give Operational Update
    Posted On Jul 02 ,2015 - 07:37-AM | by admin

    Tullow Oil plc (Tullow) issues this statement to summarise recent operational activities and to provide trading guidance in respect of the financial year to 30 June 2015. This is in advance of the Gro...

    Hess Completes Sale, Establishes Bakken Midstream Joint Venture Valued at $5.35 Billion
    Posted On Jul 01 ,2015 - 07:47-PM | by admin

    Hess Corporation (NYSE: HES) today completed the previously announced sale of a 50 percent interest in its Bakken midstream assets to Global Infrastructure Partners for cash consideration of $2.675 bi...

    Gulf Petrochem Group Acquires Essar Petroleum East Africa Ltd
    Posted On Jul 01 ,2015 - 07:13-PM | by admin

    Gulf Petrochem Group announced the official acquisition and name change of Essar Petroleum East Africa Ltd to ASPAM Energy (Kenya) Ltd. The deal will enhance the group’s integrated services and prod...

    Siluria Technologies Executive Vice President will speak at the 18th annual Gas to Liquids Conference 2015 in London
    Posted On Jul 01 ,2015 - 07:50-PM | by admin

    Earlier this year the San Francisco based Siluria Technologies announced successful start-up of world’s first demonstration plant to directly convert natural gas to ethylene. Join SMi’s 18th annua...

    Shell takes final investment decision for the Appomattox deep-water development in Gulf of Mexico
    Posted On Jul 01 ,2015 - 07:05-PM | by admin

    Royal Dutch Shell plc (Shell) today announces the final investment decision (FID) to advance the Appomattox deep-water development in the Gulf of Mexico. This decision authorises the construction and ...

    OPEC’s Annual Statistical Bulletin to be launched
    Posted On Jul 01 ,2015 - 07:49-AM | by admin

    The OPEC Secretariat announced the release of the 50th edition of the Annual Statistical Bulletin (ASB). Over the last five decades, OPEC Member Countries have accomplished substantial achievements ...

    Oando to Sell its Downstream Business
    Posted On Jul 01 ,2015 - 07:52-AM | by admin

    Oando Plc (“Oando”) (OANDO:NL), an integrated oil and gas company headquartered in Nigeria, announced that a definitive agreement has been executed with HV Investments II B.V., (“HVI”), a join...

    75% of SunPower’s Solar Panels Carry Cradle to Cradle TM Certification
    Posted On Jul 01 ,2015 - 07:44-AM | by admin

    SunPower Solar Panels Made in France Are Cradle to Cradle Certified™ Silver Demonstrating continued sustainability leadership, SunPower announced today that its E-Series and X-Series Solar Panels...

    Zion Initiates Drilling Contract Negotiations with Viking Services
    Posted On Jul 01 ,2015 - 07:45-AM | by admin

    Zion Oil & Gas, Inc. (NASDAQ: ZN) (“Zion”) entered into drilling contract negotiations with Viking Services BV (“Viking”) and Viking’s Israeli subsidiary, for use of a land-based oil and gas...

    Statement at the Conclusion of an IMF Review Mission to Ghana
    Posted On Jun 30 ,2015 - 06:32-PM | by admin

    A team from the International Monetary Fund (IMF), led by Joël Toujas-Bernaté, visited Accra during June 17−30, 2015 to conduct discussions on the first review of Ghana’s financial and economic ...

    Eni signs LNG Sale & Purchase Agreements with Pertamina for Jangkrik Field
    Posted On Jun 30 ,2015 - 06:00-AM | by admin

    Eni, together with its partners ENGIE (formerly GDF SUEZ) and Saka Energi Muara Bakau, signed today two agreements with PT Pertamina (PERSERO) for the purchase and sale of liquefied natural gas (LNG) ...

    Plan for Development in the Gullfaks Area
    Posted On Jun 30 ,2015 - 06:07-AM | by admin

    Statoil and its partners have submitted an amendment to the Plan for Development and Operations (PDO) for the Gullfaks licence to the Ministry of Petroleum and Energy for phase 1 of the Shetland/Lista...

    African Petroleum Announce Corporate Update
    Posted On Jun 30 ,2015 - 06:19-AM | by admin

    African Petroleum, an independent oil and gas exploration company operating ten licences in five countries offshore West Africa, provides the following update on its previously announced p...

    Contract awarded for process and riser platforms on Johan Sverdrup
    Posted On Jun 30 ,2015 - 06:21-AM | by admin

    Statoil, on behalf of the Johan Sverdrup license, has awarded Samsung the contract for decks for both the process and riser platforms. The total contract value is NOK 7 billion. The contract is a ...

    Technip selected by Jurong Shipyard Pte Ltd for a FPSO conversion contract
    Posted On Jun 30 ,2015 - 06:51-AM | by admin

    Technip has been awarded a topsides detailed engineering and procurement services contract by Jurong Shipyard Pte Ltd. The project is part of the conversion of a shuttle tanker into a floating, produc...

    U.S. Oil Glut An EIA Invention?
    Posted On Jun 29 ,2015 - 06:45-PM | by admin

    In the latest weekly production data from the EIA, on the back of recent March revisions, the U.S. managed to post a 76,000 barrel per day increase in the lower 48. Production from Alaska fell by 61,0...

    Across the USA on just one tank
    Posted On Jun 29 ,2015 - 06:18-PM | by admin

    Neste, the world largest producer of renewable diesel, CLP Motorsports and multiple time X-Games and Rally Cross champion Tanner Foust made history on June 26th, when CLP Motorsports' Superlite Coupe ...

    Why Buffett Bet A Billion On Solar
    Posted On Jun 29 ,2015 - 06:20-AM | by admin

    During the late innings of the ICE-age (as in the Internal Combustion Engine age) it has become clear that feeding gasoline and diesel to the next billion new cars is not going to be easy, or cheap. ...

    Statement by IMF Managing Director Christine Lagarde on Greece
    Posted On Jun 29 ,2015 - 06:37-AM | by admin

    Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), made the following statement today: “I have briefed the IMF Executive Board on the inconclusive outcome of rece...

    Finnish Gas Industry Restructuring Project
    Posted On Jun 29 ,2015 - 06:11-AM | by admin

    Technology, engineering and project management company Neste Jacobs acted as a technical advisor to SL Capital Partners in the acquisition of Gasum Paikallisjakelu and Helsingin Kaupunkikaasu local ga...

    Equatorial Guinea oil sector appointments and mergers
    Posted On Jun 29 ,2015 - 06:34-AM | by admin

    New appointments and mergers at Ministry of Mines, Industry and Energy and GEPetrol will strengthen Equatorial Guinea oil sector. The Ministry of Mines, Industry and Energy of Equatorial Guinea has...

    Eni and KazMunayGas agree to jointly explore the Isatay offshore block
    Posted On Jun 27 ,2015 - 06:18-PM | by admin

    The Chairman of KazMunayGas’ (KMG) Management Board, Sauat Mynbayev, and Eni’s CEO, Claudio Descalzi, finalized today, in the presence of the President of the Republic of Kazakhstan, Nursultan Naz...

    Circle Oil Announce Lalla Mimouna Permit -LAM-1 Well Update
    Posted On Jun 27 ,2015 - 06:21-PM | by admin

    Circle Oil Plc (AIM: COP), the North African focused oil and gas exploration, development and production company, is pleased to provide an update on the progress of the LAM-1 well on the Lalla Mimoun...

    Lundin Petroleum spuds two appraisal wells
    Posted On Jun 25 ,2015 - 06:43-AM | by admin

    Lundin Petroleum AB (Lundin Petroleum) announced that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has commenced the drilling of its second Alta appraisal well in the Barents Sea South...

    Renewable Energy Revolution
    Posted On Jun 25 ,2015 - 06:12-AM | by admin

    Could $12 Trillion Trigger A Renewables Revolution? After years of anticipation, the renewable energy revolution is finally here. Solar energy is poised to become the dominant player in electricit...

    Afren announces a number of changes to its Board of Directors.
    Posted On Jun 25 ,2015 - 06:43-AM | by admin

    Mr Egbert Imomoh, Chairman of the Board of Directors, and each of the non-executive directors, being Mr Toby Hayward, Mr Patrick Obath, Ms Sheree Bryant and Mr Iain McLaren have notif...

    McDermott Awarded Otis Field Subsea Tieback Project by LLOG
    Posted On Jun 24 ,2015 - 06:02-PM | by admin

    McDermott International, Inc. (NYSE: MDR) has been awarded a sizeable lump sum contract by LLOG Exploration Offshore, LLC (LLOG) in support of LLOG’s Otis development located in the Gulf of Mexico. ...

    Wintershall to sell selected assets on the Norwegian continental shelf
    Posted On Jun 24 ,2015 - 06:18-PM | by admin

    Wintershall, a 100% BASF subsidiary, is further optimizing its portfolio by divesting assets in the four non-operated fields Knarr (20%), Veslefrikk (4.5%), Ivar Aasen (6.4615%) and Yme (10%) on the N...

    Zumba exploration well (6507/11-11) plugged and abandoned
    Posted On Jun 24 ,2015 - 06:19-PM | by admin

    Tullow Oil plc (‘Tullow’) announces that the Zumba exploration well (6507/11-11) in licence area PL 591 in the Norwegian Sea has not encountered hydrocarbons and will now be plugged and abandoned....

    Statoil cancels Rig contract with COSL Pioneer
    Posted On Jun 24 ,2015 - 06:34-PM | by admin

    Statoil has decided to cancel the contract with COSL Pioneer some 13 months before the expiry date of August 2016. COSL Pioneer has been suspended since 8 October 2014 and Statoil has not managed t...

    Expect A Wave Of Consolidation In The Oil Industry
    Posted On Jun 24 ,2015 - 06:20-PM | by admin

    As stated previously, asset monetization by small E&P operators will start in earnest in the second half of this year out of cash flow necessity. Most, if not all, smaller market capitalization compan...

    Our Focus in General Electric Nigeria is to Develop Local Expertise – Lazarus Angbazo
    Posted On Jun 24 ,2015 - 06:15-AM | by admin

    General Electric Nigeria has sent the first batch out of the 15 newly recruited technicians and engineers to Brazil for training in the assembly and test of subsea equipment In furtherance of its c...

    Tullow settles Capital Gains Tax dispute in Uganda
    Posted On Jun 22 ,2015 - 06:05-PM | by admin

    Tullow Oil plc (‘Tullow’ or the ‘Group’) announced that it has settled its Capital Gains Tax (‘CGT’) dispute with the Government of Uganda and the Uganda Revenue Authority (‘URA’) with...

    Eni renews scientific collaboration agreement with Politecnico di Milano
    Posted On Jun 22 ,2015 - 06:56-PM | by admin

    Eni and the Politecnico di Milano have renewed their collaboration agreement for "frontier" research, which will be extended to 2018. Claudio Descalzi, CEO of Eni, and Giovanni Azzone, Rector of the P...

    Afren Announce Launch of the Proposed Debt Restructuring and Refinancing
    Posted On Jun 22 ,2015 - 06:36-PM | by admin

    Afren plc (“Afren”, the “Company” or the “Group”), (LSE: AFR) announced the publication of a prospectus and circular to shareholders relating to its proposed Restructuring, including the O...

    Thailand Oil and Gas Exploration and Production Analysis and Outlook to 2025
    Posted On Jun 22 ,2015 - 06:24-PM | by admin

    Thailand upstream oil and gas analysis and outlook report from OGANALYSIS provides complete information on Thailand exploration and production blocks, fields, companies and future prospects. Details o...

    Aker Solutions and Baker Hughes to Cooperate on Early-Phase Oil and Gas Studies
    Posted On Jun 19 ,2015 - 06:58-PM | by admin

    Aker Solutions' Front End Spectrum unit and Baker Hughes' Reservoir Development Services group will provide customers with development concept studies that address the entire value chain - from reserv...

    Total sells its interest in the Schwedt Refinery to Rosneft
    Posted On Jun 19 ,2015 - 06:31-AM | by admin

    Total has signed an agreement to sell its 16.67% interest in the Schwedt refinery in northeastern Germany (Brandenburg) to Rosneft, which already holds indirectly an 18.75% stake in the facility. The ...

    Mubadala Petroleum starts production at its third oil field in Thailand
    Posted On Jun 19 ,2015 - 06:13-AM | by admin

    Mubadala Petroleum announced that production at its Nong Yao oil field, located in the southern Gulf of Thailand, commenced on 17 June. Production is expected to reach a peak rate of approx. 10,000 bo...

    Erin Energy commences production from the Oyo-7 well
    Posted On Jun 19 ,2015 - 06:53-AM | by admin

    Erin Energy Corporation (“Erin Energy” or the “Company”) (NYSE MKT: ERN) announced it has commenced production from the Oyo-7 well (“Oyo-7”) located in OML 120 offshore Nigeria. Erin Energ...

    Petrofac awarded engineering and procurement contract in Oman
    Posted On Jun 19 ,2015 - 06:19-AM | by admin

    Petrofac has been awarded an engineering and procurement contract by Petroleum Development Oman (PDO) to provide services for its Yibal Khuff project, a field located approximately 350 km south west o...

    Petrofac secures US$400 million of repeat UKCS business
    Posted On Jun 19 ,2015 - 06:16-AM | by admin

    Petrofac’s Offshore Projects & Operations business unit has secured contract renewals for operations and maintenance work worth approximately US$400 million on the UK Continental Shelf (UKCS). Th...

    ExxonMobil, Korea Institute of Technology and Korea Gas Corporation to Collaborate on Research and Development
    Posted On Jun 19 ,2015 - 06:02-AM | by admin

    ExxonMobil today signed a memorandum of understanding with the Korea Institute of Energy Technology Evaluation and Planning and the Korea Gas Corporation (KOGAS) to hold discussions concerning natural...

    Technip awarded a revamp contract for an ammonia unit in Vietnam
    Posted On Jun 19 ,2015 - 06:45-AM | by admin

    Technip, in a consortium with Petrovietnam Technical Services Corporation (PTSC), has been awarded a engineering, procurement, construction and commissioning contract by PetroVietnam Fertilizer and Ch...

    ExxonMobil Sells Share of Chalmette Refining, LLC in Louisiana
    Posted On Jun 18 ,2015 - 06:30-PM | by admin

    ExxonMobil has reached an agreement with PBF Energy Inc. for the sale and purchase of its 50 percent interest in Chalmette Refining, LLC in Chalmette, Louisiana. PBF Energy will purchase 100 percen...

    Offshore Wind Farm, Gwynt y Môr officially Inaugurated in Wales
    Posted On Jun 18 ,2015 - 06:54-PM | by admin

    The Gwynt y Môr wind farm, located eight miles offshore in Liverpool Bay, will be officially inaugurated by Carwyn Jones, First Minister of Wales. With an installed capacity of 576 megawatts, Gwynt y...

    Hercules Offshore Enters into a Restructuring Support Agreement
    Posted On Jun 18 ,2015 - 06:51-PM | by admin

    Hercules Offshore, Inc. (Nasdaq: HERO) (the "Company" or "Hercules"), announced that it has entered into a Restructuring Support Agreement (the "Agreement") with a steering group of its senior notehol...

    RenewableUK urges Government to reconsider onshore wind cuts
    Posted On Jun 18 ,2015 - 06:27-PM | by admin

    RenewableUK, the trade association for the wind industry, is urging the Government to think carefully before it implements any cuts in financial support to onshore wind. Today’s announcement leav...

    GE Signs Investment Deal with TerraForm Global
    Posted On Jun 18 ,2015 - 06:56-PM | by admin

    GE’s (NYSE: GE) renewable energy business announced a $25 million investment in TerraForm Global, LLC. TaForm Global is a dividend growth-oriented company, or 'yieldco,’ formed by SunEdison to o...

    Wood Group secures KPOC pipeline contract
    Posted On Jun 18 ,2015 - 06:33-AM | by admin

    Wood Group Kenny (WGK) will support the Kebabangan Petroleum Operating Company (KPOC) in pipeline engineering and flow assurance engineering studies for the Kamansu East (KME) field offshore Sabah, Ma...

    Wood Group awarded Saudi Aramco offshore contract
    Posted On Jun 18 ,2015 - 06:22-AM | by admin

    Wood Group has been awarded an offshore maintain potential programme contract by Saudi Aramco for greenfield and brownfield engineering services, procurement, and construction management support for n...

    CME Group Announces First Trade of New European Power Contracts on CME Europe
    Posted On Jun 18 ,2015 - 06:49-AM | by admin

    CME Group, the world's leading and most diverse derivatives marketplace, today announced the first trade of its new European Power Contracts. The contract traded for the first time on CME Europe, CME ...

    Zion Oil & Gas Announces Key Executive Leadership Changes
    Posted On Jun 18 ,2015 - 06:07-AM | by admin

    Zion Oil & Gas, Inc. (NASDAQ GM: ZN) (“Zion” or “Company”) today announced that on June 11, 2015, during the Board of Directors (“Board”) meeting following the Company’s annual sharehold...

    GE’s Manufacturing Capabilities in Nigeria
    Posted On Jun 18 ,2015 - 06:25-AM | by admin

    General Electric (NYSE: GE) has commenced fabrication of subsea wellheads at its Onne facility in River State. This achievement comes at the culmination of 4 years of planning, capital investment and...

    Neste and HCS Group to form an extensive partnership for renewable distillates
    Posted On Jun 17 ,2015 - 06:56-PM | by admin

    Neste, the world's leading producer of premium-quality renewable fuels and the HCS Group (Haltermann Carless Solutions), a leading global manufacturer of high-quality hydrocarbon and chemical specialt...

    Wintershall Announce Expansion of production activities in the Netherlands
    Posted On Jun 17 ,2015 - 06:41-PM | by admin

    The North Sea is a core region for Germany’s largest, internationally active crude oil and natural gas producer. The BASF subsidiary has been active in the region since 1965 and in the last five yea...

    Tethys Oil commences Lithuanian drilling programme
    Posted On Jun 17 ,2015 - 06:44-PM | by admin

    A three well drilling programme on the Raseiniai licence onshore Lithuania has commenced. The first well, the Bedugnis-1 well, is planned to be drilled vertically to a total measured depth of 1,100 me...

    Bahamas Petroleum Announce Licence Renewal Addendum
    Posted On Jun 17 ,2015 - 06:22-PM | by admin

    Bahamas Petroleum Company, the oil and gas exploration company with a significant prospective resource in licences in The Commonwealth of The Bahamas, announced that The Governor-General of The Bahama...

    Orca Exploration Announces World Bank board approval of IFC financing
    Posted On Jun 16 ,2015 - 06:49-PM | by admin

    Orca Exploration Group Inc. ("Orca" or the "Company") announces that it is proceeding with the first phase of the Songo Songo development programme following World Bank board approval of the Internati...

    Sound Oil Plc Gets EIA Approval
    Posted On Jun 16 ,2015 - 06:26-PM | by admin

    Sound Oil announced the approval of the Environmental Impact Assessment ("EIA") for the award of the D503-BR-CS permit, covering Sound Oil's Dora and Dalla assets. D503 BR-CS is an offshore licenc...

    The Dark Side Of The Shale Bust
    Posted On Jun 16 ,2015 - 06:52-PM | by admin

    The fallout of the collapse in oil prices has a lot of side effects apart from the decline of rig counts and oil flows. Oil production in North Dakota has exploded over the last five years, from n...

    Lekoil receives Nigerian ministerial consent for Otakikpo Marginal Field farm-In
    Posted On Jun 16 ,2015 - 06:53-PM | by admin

    Lekoil has announced that the Honourable Minister of Petroleum Resources of Nigeria has granted consent to complete the transfer of the 40 per cent. participating interest in the Otakikpo Marginal Fie...

    ExxonMobil Announces Kearl Expansion Project
    Posted On Jun 16 ,2015 - 06:24-PM | by admin

    Exxon Mobil Corporation (NYSE:XOM) today announced that production at its Kearl oil sands expansion project in Alberta, Canada, started ahead of schedule and is expected to double overall capacity to ...

    Statoil Announce Pending Workforce Reductions
    Posted On Jun 16 ,2015 - 06:22-PM | by admin

    The effort to standardise, simplify and increase efficiency across Statoil enters the next phase. The potential workforce reduction is estimated at 1,100 – 1,500 permanent employees by end 2016. ...

    Neste's Porvoo refinery back in production after major turnaround
    Posted On Jun 16 ,2015 - 06:23-AM | by admin

    Neste's Porvoo refinery is back in production after the scheduled maintenance turnaround. The refinery start-up proceeded as planned, and normal utilization should be reached within a few days. Starti...

    Hess Announces Bakken Midstream Joint Venture Valued at $5.35 Billion
    Posted On Jun 16 ,2015 - 06:55-AM | by admin

    Hess Corporation (NYSE: HES) (the “Company”) announced that it has agreed to sell a 50 percent interest in its Bakken midstream assets to Global Infrastructure Partners, a leading global infrastru...

    Across the USA on one tank on tank of Neste's NEXBTL renewable diesel
    Posted On Jun 16 ,2015 - 06:27-AM | by admin

    A team of motorsport enthusiasts will drive from Atlantic Coast of Florida to the Pacific Coast of California on just one tank of renewable fuel on June 21-26, 2015. This is made possible by NEXBTL re...

    Sercel GeoWave II tool breaks downhole temperature records
    Posted On Jun 16 ,2015 - 06:06-AM | by admin

    Sercel announced that its recently launched downhole seismic array tool, GeoWave® II, broke temperature records during field trials. Specially designed for deployment in high-pressure wells with h...

    Statoil selling at Forus, sign 15-year lease agreement
    Posted On Jun 11 ,2015 - 06:34-AM | by admin

    Statoil has entered into an agreement with Colony Capital, Inc. (NYSE: CLNY) for sale of the company’s head office building at Forus (Stavanger, Norway). At the same time the company is signing a 15...

    The "Canadian Bakken" Myth Busted
    Posted On Jun 11 ,2015 - 06:51-AM | by admin

    The financial pages of Canadian newspapers have been full of headlines lately announcing the potential of two large shale oil fields in the Northwest Territories said to contain enough oil to rival th...

    Åsgard subsea gas compression lowered into place
    Posted On Jun 11 ,2015 - 06:46-AM | by admin

    The installation of the modules that collectively constitute Åsgard subsea gas compression has commenced on the Åsgard field. Innovative technology at a depth of 300 metres will create 282 million e...

    Sercel launches the Nomad 90 Neo – its new super-heavy broadband vibrator
    Posted On Jun 11 ,2015 - 06:56-AM | by admin

    Sercel announced the launch of the Nomad 90 Neo, its new super-heavy broadband vibrator. The Nomad 90 Neo benefits from major improvements in vibrator mechanical design as well as new functionalities ...

    Neste and Total Fluides to cooperate on bio-based solvents and technical fluids
    Posted On Jun 10 ,2015 - 06:56-PM | by admin

    Neste, the world's leading producer of premium renewable fuels, and Total Fluides, a leading producer and marketer of high-purity hydrocarbon fluids, have signed a collaborative agreement for the supp...

    Royal Dutch Shell plc first quarter 2015 Euro and GBP equivalent dividend payments
    Posted On Jun 10 ,2015 - 06:03-PM | by admin

    The Board of Royal Dutch Shell plc (“RDS”) announced the pounds sterling and euro equivalent dividend payments in respect of the first quarter 2015 interim dividend, which was announced on April 3...

    Technip awarded subsea de-commissioning and installation contract by Chevron North America Exploration and Production Company
    Posted On Jun 10 ,2015 - 06:13-PM | by admin

    Technip was awarded by Chevron North America Exploration and Production Company, a division of Chevron U.S.A. Inc., a lump sum project for the decommissioning of the brownfield development and install...

    Neste going Google and Google going NEXBTL
    Posted On Jun 10 ,2015 - 06:20-PM | by admin

    The world's leading producer of renewable fuels, Neste is going Google by introducing Google Drive for Work services to its personnel globally. Being at the forefront of technology development Neste i...

    Paradigm Unveils its Paradigm 15 Release
    Posted On Jun 09 ,2015 - 06:49-AM | by admin

    ParadigmR announces the release of Paradigm 15, the latest extension of its comprehensive solution suite aimed at enhancing user productivity. Paradigm 15 includes technologies that help its custome...

    Third gas discovery in the Aasta Hansteen area in three months
    Posted On Jun 09 ,2015 - 06:46-AM | by admin

    Statoil and PL602 partners have made a gas discovery in the Gymir prospect. With three discoveries in a row, an important progress has been made in unlocking full potential of the Aasta Hansteen area....

    SacOil recieves US$10 Million Associated With the Expiry of OPL 233 Performance Bond
    Posted On Jun 09 ,2015 - 06:44-AM | by admin

    SacOil Holdings Limited announced the receipt of US$10 million from Ecobank, associated with the cash collateral that secured the performance bond on OPL 233. The cash collateral was originally paid a...

    Dana Gas commences drilling the Balsam-2 development well
    Posted On Jun 08 ,2015 - 06:37-AM | by admin

    Dana Gas, the Middle East’s leading regional private sector natural gas company, confirmed that it has commenced drilling the Balsam-2 development well in the Balsam Development lease onshore Nile d...

    BG Group completes sale of QCLNG pipeline
    Posted On Jun 08 ,2015 - 06:53-AM | by admin

    BG Group plc (LSE: BG.L), a world leader in exploration and LNG, announced it has completed the sale of its wholly-owned 543 kilometre pipeline network linking natural gas fields and the Queensland Cu...

    Statoil awarding contract for utility and living quarter on Johan Sverdrup
    Posted On Jun 08 ,2015 - 06:26-AM | by admin

    Statoil is, on behalf of the Johan Sverdrup partnership, signing a contract with a joint venture consisting of Kvaerner and KBR for construction of the topside for the utility and living quarter platf...

    Songa Announce Extension of fleet financing and new credit facility
    Posted On Jun 04 ,2015 - 06:56-PM | by admin

    Songa Offshore SE (the "Company") announced that the maturity of the fleet financing of Songa Dee, Songa Delta and Songa Trym has been extended from fourth quarter 2016 to first quarter 2018 when it w...

    The Evolution Of The Oil Weapon
    Posted On Jun 04 ,2015 - 06:38-PM | by admin

    In the age of derivatives, swaps, and electronic money transfers, a new form of warfare has emerged: financial warfare. Recently, the US has passed sanctions on countries such as Syria, Venezuela,...

    Anadarko Announces Public Offering of 6,500,000 WGP-Linked Tangible Equity Units, and Public Secondary Offering of 2,000,000 of its WGP Common Units
    Posted On Jun 03 ,2015 - 06:42-PM | by admin

    Anadarko Petroleum Corporation (NYSE: APC) today announced the registered underwritten public offering (the TEU offering) of 6,500,000 tangible equity units (TEUs), with a stated amount per TEU of $50...

    Petrobras discovers new oil accumulation at Poço Verde area, in Sergipe Basin
    Posted On Jun 03 ,2015 - 06:08-PM | by admin

    Petrobras informs that well 3-SES-189 (Petrobras nomenclature), located at BM-SEAL-4 concession, discovers new oil accumulation in Sergipe Basin´s ultradeep waters. The well, informally known as ...

    Aker Solutions Wins First Order in Offshore Mexico
    Posted On Jun 03 ,2015 - 06:05-PM | by admin

    Aker Solutions won its first order for a project offshore Mexico as it secured a contract from Saipem to supply umbilicals for the Pemex-operated Lakach deepwater natural-gas field. Aker Solutions ...

    Neste Oil is now Neste
    Posted On Jun 03 ,2015 - 06:13-PM | by admin

    As of June 1, Neste Oil's official name is Neste Oyj in Finnish, Neste Abp in Swedish and Neste Corporation in English. The Annual General Meeting decided to drop the word Oil from the name on April 1...

    Statoil has agreed an expansion of its long term gas supply agreement with the UK’s SSE.
    Posted On Jun 03 ,2015 - 06:41-PM | by admin

    Starting on 1 October 2015, the gas supplied from the six year deal, originally announced in October 2014, will increase from ca. 0.5 billion standard cubic metres per year (bcm/y) to ca. 2.5 bcm/y. ...

    Neste welcomes US EPA's proposal on renewable fuel volume requirements
    Posted On Jun 03 ,2015 - 06:54-PM | by admin

    The Environmental Protection Agency (EPA) in the US published the proposed ruling covering renewable fuel volume requirements for 2014, 2015, and 2016 on 29 May 2015. The EPA is proposing to set the r...

    Oil and Gas majors call for carbon pricing
    Posted On Jun 02 ,2015 - 06:00-PM | by admin

    Six Major oil and gas companies, BG Group plc, BP plc, Eni S.p.A., Royal Dutch Shell plc, Statoil ASA and Total SA, announced their call to governments around the world and to the United Nations Frame...

    Eni: investigation into OPL245 case, audit
    Posted On Jun 02 ,2015 - 06:07-PM | by admin

    Regarding the pending preliminary investigation by the Italian authorities into the OPL 245 case, Eni informs that an audit conducted by an independent US law firm on behalf of Eni’s board of stat...

    Alaska LNG Project LLC Receives Conditional Authorization to Export LNG to Non-Free Trade Agreement Countries
    Posted On Jun 02 ,2015 - 06:49-PM | by admin

    The Alaska LNG project marks another significant milestone with today’s announcement by the United States Department of Energy that it has conditionally authorized the Alaska LNG Project LLC to expo...

    Petrobras announces Pricing in the international market
    Posted On Jun 02 ,2015 - 06:10-PM | by admin

    Petrobras announced the pricing of its 100-year Global Notes denominated in U.S Dollars (U.S.$) issued by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) and unconditionally guar...

    Chevron to Move Deepwater U.S. Gulf of Mexico Platform to Sheltered Waters
    Posted On Jun 02 ,2015 - 06:56-PM | by admin

    Chevron Corporation (NYSE: CVX) advised that the Big Foot tension-leg platform (TLP) will be moved to sheltered waters from its location in the deepwater U.S. Gulf of Mexico following damage to subsea...

    FMC Technologies and Technip Complete Forsys Subsea
    Posted On Jun 02 ,2015 - 06:21-PM | by admin

    FMC Technologies, Inc. and Technip announced that Forsys Subsea, a 50/50 joint venture, has received all regulatory approvals. The parties closed the transaction making Forsys Subsea operational on Ju...

    DANA GAS SIGNS PARTICIPATION AGREEMENT WITH BP IN EGYPT
    Posted On Jun 02 ,2015 - 06:42-PM | by admin

    Dana Gas, the Middle East’s leading regional private sector natural gas company, confirms that it has completed an agreement with BP, whereby BP will carry Dana Gas for the drilling of a first e...

    Sercel launches the Nomad 90 Neo – its new super-heavy broadband vibrator
    Posted On Jun 02 ,2015 - 06:21-PM | by admin

    Sercel announced today the launch of the Nomad 90 Neo, its new super-heavy broadband vibrator. The Nomad 90 Neo benefits from major improvements in vibrator mechanical design as well as new functional...

    Project Financing in Oil and Gas 2015
    Posted On Jun 02 ,2015 - 06:11-PM | by admin

    How different oil price scenarios will impact project financing SMi Group reports (2015.06.02): the 2nd annual Project Financing in Oil and Gas Conference will be taking place in London, UK, on the...

    New well confirms light oil potential in Carcará area at Santos Basin pre-salt
    Posted On May 29 ,2015 - 05:03-PM | by admin

    Petrobras informs that the drilling of the second well in Carcará area (Block BM-S-8), located at Santos Basin´s ultra-deep waters, confirmed the light oil potential in pre-salt’s reservoirs. T...

    Names of the Researchers and Scientists honoured at the eighth edition of the Eni Awards Announced
    Posted On May 29 ,2015 - 05:52-AM | by admin

    Eni has announced the names of the researchers and scientists who have been honoured at the eighth edition of the Eni Awards, established in 2007, which over the years have become an international po...

    Neste sells crude oil tanker Tempera
    Posted On May 29 ,2015 - 05:54-AM | by admin

    Neste will sell the crude oil vessel Tempera to Perenco. The sale is based on Neste's decision to divest its shipping operations, announced in fall 2013. The ship will be handed over to its new ow...

    Songa Offshore SE Announce Report for the first quarter 2015
    Posted On May 29 ,2015 - 05:44-AM | by admin

    Songa Offshore SE (the "Company") reports total revenue for the first quarter 2015 of USD 108.3 million and EBITDA of USD 53.6 million. "We are very satisfied to see that our existing fleet again ...

    Afren plc (“Afren” or the “Group”), (LSE: AFR), announces its Interim Management Statement (“IMS”) and financial results for the three months ended 31 March 2015
    Posted On May 29 ,2015 - 05:07-AM | by admin

    Information contained within this release is unaudited and is subject to further review. • US$200 million interim funding provided by existing Noteholders by way of new private placement notes ...

    EU Commission VP Aims to Conclude Russia & Ukraine talks for Security of Gas Supply
    Posted On May 28 ,2015 - 05:53-AM | by admin

    European Commission Vice-President, Maros Sefcovic, announced that he aims to conclude talks with Ukraine and Russia by summer to ensure security of gas supply in Europe for next winter (Reuters, 2015...

    Victoria Oil & Gas acquires Logbaba gas processing plant in Douala, Cameroon.
    Posted On May 27 ,2015 - 05:24-AM | by admin

    Victoria Oil & Gas announced that its 100% owned subsidiary, Gaz du Cameroun ('GDC'), has made payment in full for the purchase of the Logbaba gas processing plant from Expro Worldwide. The Plant curr...

    Erin announces offtake and prepayment agreement with Glencore for Oyo crude
    Posted On May 27 ,2015 - 05:01-AM | by admin

    Erin Energy (NYSE MKT:ERN) announced that it has agreed to heads of terms on a commercial agreement with an embedded prepayment element with Glencore Energy UK, a subsidiary of Glencore. The offtak...

    OCEANTEAM SHIPPING ASA Announces Release of Q1 2015 Report and Presentation
    Posted On May 27 ,2015 - 05:42-AM | by admin

    The company is reaping the benefits of its diversification strategy, a strategy that has allowed the Company to sustain and improve its performance, even during challenging market conditions. Since...

    Total produces two billion barrels on deep offshore Block 17, Angola
    Posted On May 27 ,2015 - 05:45-AM | by admin

    Total has achieved the significant milestone of producing a cumulative two billion barrels from its operated deep offshore Block 17 located 150 km off the coast of Angola. With the recent start up of...

    Eni Makes new gas and condensates discovery offshore Libya
    Posted On May 26 ,2015 - 05:38-AM | by admin

    Eni has made a new discovery of gas and condensates offshore Libya, in the Bouri North exploration prospect in Area D, 140 kilometers from the coast and 20 kilometers north of the production field of...

    These Factors Could Push Oil Prices Higher
    Posted On May 26 ,2015 - 05:43-AM | by admin

    Oil prices rose slightly last week on a variety of news, the most important being word that U.S. inventories have declined further, as well as stronger data on manufacturing in China and military gain...

    Petrofac Supports Bumi Armada With Maintenance Build For North Sea FPSO
    Posted On May 25 ,2015 - 05:44-PM | by admin

    Petrofac, the international oil and gas facilities service provider, has been awarded a contract to support maintenance management system (MMS) implementation for Bumi Armada’s floating, production,...

    Questerre Energy enters into MOU for oil shale acreage in Jordan
    Posted On May 25 ,2015 - 05:26-PM | by admin

    Questerre Energy Corp announced Friday that it has entered into a memorandum of understanding ('MOU') with the Ministry of Energy and Mineral Resources of the Hashemite Kingdom of Jordan for the appra...

    Shell announces receipt of binding offer from DCC Energy to acquire its Butagaz LPG business in France
    Posted On May 25 ,2015 - 05:28-PM | by admin

    Shell today announced that it has received a- binding offer of €464m million ($529 million) from DCC Energy for its Butagaz Liquefied Petroleum Gas (LPG) business in France. In reply to this offe...

    Statoil ASA: Annual general meeting approves dividend of NOK 1.80 per share for the fourth quarter of 2014
    Posted On May 25 ,2015 - 05:34-PM | by admin

    On 19 May 2015 the annual general meeting of shareholders in Statoil ASA (OSE: STL, NYSE: STO) adopted the annual report and accounts for Statoil ASA for 2014, as proposed by the board of directors. ...

    Antonoil Wins New Technical Services Project in Ethiopia
    Posted On May 25 ,2015 - 05:15-PM | by admin

    Anton Oilfield Services Group (“Antonoil” or the “Group”,HKEx stock code: 3337), the leading independent oilfield services provider in China, announced that the Group has signed the contract...

    MOL Group announces its seventh discovery in TAL Block
    Posted On May 25 ,2015 - 05:03-PM | by admin

    MOL Group has announced a new commercial discovery from the MOL operated exploration well Mardan Khel-1 in the TAL Block. In addition, MOL has signed a farm-in agreement for the DG Khan block in Pakis...

    Shale Gas Environmental Summit
    Posted On May 25 ,2015 - 05:09-PM | by admin

    Registration Now Live for Shale Gas Environmental Summit SMi is thrilled to announce that registration is now live to attend the 6th Annual Shale Gas Environmental Summit taking place on 26-2...

    ExxonMobil Announces Significant Oil Discovery Offshore Guyana
    Posted On May 25 ,2015 - 05:14-PM | by admin

    Exxon Mobil Corporation (NYSE:XOM) announced a significant oil discovery on the Stabroek Block, located approximately 120 miles offshore Guyana. The well was drilled by ExxonMobil affiliate, Esso ...

    This Innovation Will Help U.S. Companies Win The Oil Price War
    Posted On May 25 ,2015 - 05:05-PM | by admin

    Although some US oil companies are struggling with low oil prices, a new wave of innovation is hitting the oil patch, allowing for a significant reduction in drilling costs. A variety of different...

    Royal Dutch Shell plc first quarter 2015 scrip dividend programme reference share price
    Posted On May 25 ,2015 - 05:08-PM | by admin

    The Board of Royal Dutch Shell plc (“RDS”) announced the Reference Share Price in respect of the first quarter interim dividend of 2015, which was announced on April 30, 2015 at $0.47 per A ordina...

    SACOIL’S MAKES SIGNIFICANT PROGRESS WITH RESTRUCTURING ACTIONS
    Posted On May 25 ,2015 - 05:13-PM | by admin

    Acquisition of a producing asset in Egypt • Portfolio rationalisation • Restructuring of EERNL loans • Strong cash balance • Repositioned for sustainable g...

    Neste Jacobs to Engineer Rail Loading Facility for Turkmenbashi Refinery in Turkmenistan
    Posted On May 25 ,2015 - 05:29-PM | by admin

    Technology, engineering and project management company Neste Jacobs and Hatipoglu Insaat San Tic A.S., have signed an agreement for Neste Jacobs to provide Engineering Services to implement a rail car...

    Anadarko Selects Contractor For Initial Onshore Mozambique LNG Development
    Posted On May 25 ,2015 - 05:26-PM | by admin

    Anadarko Petroleum Corporation (NYSE: APC) on behalf of the co-venturers in Mozambique's Offshore Area 1, and after a competitive FEED (front-end engineering and design) process, today announced the s...

    Paradigm to Unveil the Latest Version of its Product Suite at EAGE 2015
    Posted On May 25 ,2015 - 05:12-PM | by admin

    ParadigmR (www.pdgm.com) will showcase the innovative technologies included in the Paradigm 15 Release at the 2015 European Association of Geoscientists and Engineers (EAGE) Annual Conference and Exhi...

    Gas to Liquids 2015
    Posted On May 15 ,2015 - 05:18-AM | by admin

    The Future of Gas to Liquids in the ‘New Reality”: latest updates from Velocys, Narkangan GTL, Primus Green Energy, ExxonMobil & Engineering, NiQuan Energy, Oberon Fuels… SMi Group Reports (2...

    IMF Economic Counsellor and Director of Research Olivier Blanchard To Retire from the Fund
    Posted On May 14 ,2015 - 05:23-PM | by admin

    Mr. Olivier Blanchard, Economic Counsellor and Director of the Research Department at the International Monetary Fund (IMF), has notified IMF Managing Director Christine Lagarde of his intention to re...

    Subsea 7 S.A. announces cost reduction programme
    Posted On May 14 ,2015 - 05:07-PM | by admin

    Subsea 7 S.A. (Oslo Børs: SUBC) announced that in view of the difficult business and economic conditions in the oil and gas market and declining workload, a programme of cost reduction measures will ...

    Aminex Announces Completion of Competent Person’s Report
    Posted On May 14 ,2015 - 05:14-AM | by admin

    Kiliwani North 1 and Ntorya 1 wells attributed Contingent Resources Aminex announced that Senergy (GB) Limited (‘LR Senergy’), an independent oil and gas consultancy firm, has completed a technic...

    Savannah Announces Update on R1/R2 Resource Potential
    Posted On May 14 ,2015 - 05:29-AM | by admin

    Savannah Petroleum, the Niger focused oil and gas company, provided an update on its technical assessment of the resource potential of the R1/R2 licence area. Highlights • Detai...

    Eni Shareholders approve 2014 Financial Statements at Annual Meeting
    Posted On May 14 ,2015 - 05:50-AM | by admin

    The Ordinary Meeting of Eni’s Shareholders, held recently, resolved the following:

    1. to approve the financial statements at 31 December 2014 of Eni S.p.A. which report a net profit a...

    Saudi Arabia Continues To Turn Screws On U.S. Shale
    Posted On May 13 ,2015 - 05:53-AM | by admin

    Saudi Arabia continues to ratchet up production, taking market share away from U.S. shale producers. According to OPEC's latest monthly oil report, Saudi Arabia boosted its oil output to 10.31 mil...

    IMF Staff Concludes 2015 Article IV Mission to Equatorial Guinea
    Posted On May 12 ,2015 - 05:10-PM | by admin

    A mission from the International Monetary Fund (IMF), led by Montfort Mlachila, visited Malabo from April 27 to May 12 to conduct the 2015 Article IV consultation discussions. At the conclusion of the...

    AziNam Announces Government Approval of Operator Status in Namibia
    Posted On May 12 ,2015 - 05:07-AM | by admin

    AziNam Ltd. (“AziNam” or “the Company”), the offshore Namibia focused exploration company, announced that it has received government approval for it to assume operatorship of Petroleum Explora...

    Changes in Corporate Structure and Top Management team at Statoil
    Posted On May 12 ,2015 - 05:14-AM | by admin

    Statoil (OSE:STL, NYSE:STO) appoints new chief financial officer (CFO), and launches business area for New Energy Solutions (NES). Three new executive vice presidents (EVPs) are appointed as members o...

    BP selects Technip for the Thunder Horse South Expansion project in the Gulf of Mexico
    Posted On May 12 ,2015 - 05:20-AM | by admin

    Technip was awarded by BP Exploration & Production Inc. a lump sum project for the design, engineering, fabrication, installation and pre-commissioning of the new production pipeline systems on the so...

    BG Group plc reports 2015 First Quarter Results
    Posted On May 11 ,2015 - 05:42-PM | by admin

    E&P production was 638 thousand barrels of oil equivalent per day (kboed), up 1% from the first quarter of 2014. Production in both Australia and Brazil more than doubled year-on-year to an average o...

    WorleyParsons Awarded Contract
    Posted On May 11 ,2015 - 05:16-PM | by admin

    Saudi Aramco has awarded WorleyParsons a contract to provide project management services for its offshore program. WorleyParsons has been managing the Offshore PMC contract for Saudi Aramco for the...

    Circle Oil Announce results of testing of the well SAH-W1 in the Sebou Permit
    Posted On May 11 ,2015 - 05:08-PM | by admin

    Circle Oil Plc (AIM: COP), the Middle East and North Africa focused oil and gas exploration, development and production company, announced the preliminary results of testing of the well SAH-W1 in the ...

    Genie Energy Ltd. Reports First Quarter 2015 Results
    Posted On May 11 ,2015 - 05:23-PM | by admin

    Genie Energy Ltd. (NYSE: GNE, GNEPRA) reported first quarter 2015 revenue of $74.4 million, negative Adjusted EBITDA* of $0.4 million, and a net loss attributable to common stockholders of $2.4 millio...

    PE-backed Canbriam making most of prolific Montney
    Posted On May 11 ,2015 - 05:59-PM | by admin

    The prolific nature of the Montney play in Western Canada continues to propel private equity oil and gas company Canbriam Energy to new heights, says company CEO and president Paul Myers

    Noble Energy Announces Entry Into Eagle Ford And Permian
    Posted On May 11 ,2015 - 05:32-AM | by admin

    Noble Energy, Inc. (Noble Energy) (NYSE: NBL) and Rosetta Resources Inc. (Rosetta) (NASDAQ: ROSE) today announced a definitive merger agreement whereby Noble Energy will acquire all of the common stoc...

    Neste Jacobs Awarded Project Management and Inspection Services contract by SOCAR in Azerbaijan
    Posted On May 11 ,2015 - 05:19-AM | by admin

    Technology, engineering and project management company Neste Jacobs and SOCAR, the State Oil Company of the Azerbaijan Republic have signed an agreement, where Neste Jacobs will act as Project Managem...

    David V. Goliath: Small-Cap Tech To Save Giant Coal
    Posted On May 07 ,2015 - 05:17-PM | by admin

    The Environmental Protection Agency's (EPA) new mercury pollution regulations that took effect last month opened the flood gates for a new multi-billion-dollar energy industry that has investors scram...

    Sterling Energy Updates on Ampasindava Block, Madagascar
    Posted On May 07 ,2015 - 05:28-AM | by admin

    Sterling Energy Plc, the AIM listed oil and gas exploration company (AIM: SEY) (the “Company”), provides the following update for the Ampasindava block, offshore Madagascar (the “Ampasindava Blo...

    Qatar Petroleum Invites Bids for Al-Shaheen Oil Field Operation and Development
    Posted On May 07 ,2015 - 05:52-AM | by admin

    Qatar Petroleum (QP) has issued invitations to a group of leading international oil & gas companies to compete for the future operation and development of Al-Shaheen oil field starting in mid-2017. Th...

    Maersk Oil Announce Update on Al Shaheen long term development
    Posted On May 07 ,2015 - 05:00-AM | by admin

    Qatar Petroleum has initiated an evaluation process for the selection of a partner to undertake the future development of the Al Shaheen field, as the current agreement expires mid-2017. Maersk Oil...

    Fine Tubes Wins Approval As KNPC Vendor
    Posted On May 06 ,2015 - 05:18-PM | by admin

    Fine Tubes, a leader in the manufacture of precision tubing for critical applications across a range of global markets, announced that it has been approved as a vendor by the Kuwait National Petroleum...

    GE technology and services to support conversion of Golar LNG floating liquefaction vessel
    Posted On May 06 ,2015 - 05:38-PM | by admin

    GE (NYSE:GE) announced today that it has been chosen by Black & Veatch to deliver refrigeration compression equipment including GE PGT25+G4 DLE gas turbines and GE 2BCL compressors for Golar LNG Limi...

    Dana Gas Announce Q1 2015 Results
    Posted On May 06 ,2015 - 05:31-PM | by admin

    Dana Gas, the Middle East largest regional private sector natural gas Company announced its financial results for the first quarter ended 31 March 2015. First quarter 2015 group production remained...

    Occidental Petroleum Announces 1st Quarter 2015 Results
    Posted On May 06 ,2015 - 05:19-PM | by admin

    Occidental Petroleum Corporation (NYSE:OXY) announced core income for the first quarter of 2015 of $31 million ($0.04 per diluted share), compared with $560 million ($0.72 per diluted share) for the f...

    Lamprell delivers new jackup drilling rig to Abu Dhabi's National Drilling Company
    Posted On May 05 ,2015 - 05:41-PM | by admin

    Lamprell (ticker: LAM), announced the completion of construction on the jackup drilling rig, the “Butinah”, and delivery to Abu Dhabi’s National Drilling Company (NDC) safely and within budget...

    IMF Executive Board Concludes 2015 Article IV Consultation with Oman
    Posted On May 05 ,2015 - 05:08-PM | by admin

    On April 30, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV Consultation with Oman[1] and considered and endorsed the staff appraisal without a meeting.[2] T...

    Noble Energy Announces First Quarter 2015 Results
    Posted On May 05 ,2015 - 05:21-PM | by admin

    Noble Energy, Inc. (NYSE:NBL) announced today a first quarter 2015 net loss of $22 million, or $0.06 per diluted share. Excluding the impact of certain items, which would typically not be considere...

    Erin Energy Starts Oyo field production, offshore Nigeria
    Posted On May 05 ,2015 - 05:40-AM | by admin

    Erin Energy Corporation (“Erin Energy” or the “Company”) (NYSE MKT: ERN) announced it has commenced production from the Oyo-8 well (“Oyo-8”) located in OML 120 offshore Nigeria. Erin Energ...

    Ophir appoints Golar LNG as midstream partner for Fortuna FLNG Project in Equatorial Guinea
    Posted On May 05 ,2015 - 05:07-AM | by admin

    Ophir Energy plc (“Ophir” or “the Company”) announces it has signed a binding heads of terms for a midstream chartering and operating services agreement with Golar LNG (“Golar”) with the a...

    Eni starts production at Kizomba project, in Angola
    Posted On May 05 ,2015 - 05:12-AM | by admin

    Eni started production of the Kizomba Satellites Phase 2 project in the Block 15, offshore Angola, ahead of schedule. The project Kizomba Satellite Block 15 is a subsea development of the Kakocha, B...

    Chevron Updates on Ecuador Litigation
    Posted On May 05 ,2015 - 05:01-AM | by admin

    Another Key Funder of Fraudulent Ecuador Litigation Against Chevron Withdraws Support Chevron Corporation (NYSE: CVX) has reached a settlement agreement with Woodsford Litigation Funding Limited, a...

    Zion Oil & Gas Extends the Stock Unit Option Program
    Posted On May 05 ,2015 - 05:40-AM | by admin

    Zion Oil & Gas, Inc. (NASDAQ GM: ZN) (“Zion”) announced the extension of the Unit Option under the unit program. Under our Dividend Reinvestment and Common Stock Purchase Plan (“DSPP” or the ...

    EON Reality Inc. Awarded License For Immersive 3D Operator Training Simulator Technology
    Posted On May 05 ,2015 - 05:36-AM | by admin

    ExxonMobil Awards License to EON Reality For Immersive 3D Operator Training Simulator Technology ExxonMobil Research Qatar (EMRQ) announced that ExxonMobil has awarded a global c...

    Chevron Reports First Quarter Net Income of $2.6 Billion
    Posted On May 01 ,2015 - 05:10-PM | by admin

    Chevron Corporation (NYSE: CVX) today reported earnings of $2.6 billion ($1.37 per share – diluted) for first quarter 2015, compared with $4.5 billion ($2.36 per share – diluted) in the 2014 first...

    Repsol announces to shareholders that the integration of Talisman will become effective from May 8th
    Posted On May 01 ,2015 - 05:30-PM | by admin

    Repsol Chairman Antonio Brufau and the company's CEO, Josu Jon Imaz, presented the review of 2014 and the highlights of the year so far at the Annual General Shareholder's Meeting. Brufau announced...

    BHP Billiton awarded two exploration licences offshore Barbados
    Posted On May 01 ,2015 - 05:58-PM | by admin

    The Government of Barbados and BHP Billiton signed exploration licences for two offshore blocks, Carlisle Bay and Bimshire. These blocks are approximately 40 kilometres southeast of the island nati...

    Technip dividend for financial year 2014
    Posted On May 01 ,2015 - 05:24-PM | by admin

    At the Annual General Meeting, held April 23, 2015, Technip's shareholders approved the proposed €2.00 per share dividend for the 2014 financial year and decided to offer shareholders an option to r...

    The Board of Afren announces its results for the year ended 31 December 2014
    Posted On May 01 ,2015 - 05:22-PM | by admin

    Net production excluding Barda Rash of 31,819 bopd, slightly below the full year guidance range of between 32,000 - 36,000 bopd. Year-on-year reduction of 32% due to cost recovery at Ebok and delays w...

    CME Group Inc. Reports Strong First-Quarter 2015 Financial Results
    Posted On Apr 30 ,2015 - 04:35-PM | by admin

    CME Group Inc. (NASDAQ: CME) reported revenues of $843 million and operating income of $507 million for the first quarter of 2015. Net income attributable to CME Group was $330 million. GAAP and ad...

    Ophir Announce Completion of Acquisition of four Deepwater Production Sharing Contracts (“PSCs”)
    Posted On Apr 30 ,2015 - 04:32-PM | by admin

    Ophir Energy plc (“Ophir” or “the Company”) announces that it has completed the acquisition of four deepwater Production Sharing Contracts (“PSCs”) in Indonesia from Niko Resources (“Nik...

    Kizomba Satellites Phase 2
    Posted On Apr 30 ,2015 - 04:49-PM | by admin

    Exxon Mobil Corporation (NYSE:XOM) announced today that its subsidiary, Esso Exploration Angola (Block 15) Limited (Esso Angola), has started oil production ahead of schedule at the Kizomba Satellites...

    Statoil completes sale of 15.5% share in Shah Deniz to PETRONAS
    Posted On Apr 30 ,2015 - 04:33-PM | by admin

    Statoil and the Malaysian oil and gas company PETRONAS completed their transaction, announced previously on 13 October 2014. The sale involved the transfer of Statoil’s 15.5% participating inter...

    Eni is the Official Partner for Sustainability Initiatives in African Countries, Expo Milano 2015
    Posted On Apr 30 ,2015 - 04:08-PM | by admin

    Eni is the Official Partner for Sustainability Initiatives in African Countries at Expo Milano 2015, the world fair that will be hosted by Italy from May 1st to October 31st, and the largest ever even...

    ExxonMobil Earns $4.9 Billion in First Quarter of 2015
    Posted On Apr 30 ,2015 - 04:07-PM | by admin

    Exxon Mobil Corporation today announced estimated first quarter 2015 earnings of $4.9 billion, or $1.17 per diluted share, compared with $9.1 billion a year earlier, demonstrating the value of the com...

    Assessing 2014 oil and gas company financials
    Posted On Apr 30 ,2015 - 04:20-PM | by admin

    A review of the cash flow statements for 75 global oil and natural gas companies finds that annual cash flow in 2014 was similar to 2013 and 2012, which is not unexpected given that North Sea Brent cr...

    Tesla Could Be Changing The Dynamics Of Global Energy
    Posted On Apr 30 ,2015 - 04:36-PM | by admin

    Tesla's announcement last week about creating a new line of batteries for use by businesses, consumers, and the electrical grid at large is a game-changer for the industry. Currently, when individuals...

    Chevron Announces Quarterly Dividend
    Posted On Apr 30 ,2015 - 04:33-AM | by admin

    The Board of Directors of Chevron Corporation (NYSE:CVX) declared a quarterly dividend of one dollar and seven cents ($1.07) per share, payable June 10, 2015, to holders of common stock as shown on th...

    Exxon Mobil Corporation Declares Second Quarter Dividend
    Posted On Apr 30 ,2015 - 04:08-AM | by admin

    The Board of Directors of Exxon Mobil Corporation (NYSE:XOM) declared a cash dividend of 73 cents per share on the Common Stock, payable on June 10, 2015 to shareholders of record of Common Stock at t...

    Solo pursuing marginal field opportunities in Nigeria through acquisition of Shares in Burj Africa
    Posted On Apr 30 ,2015 - 04:44-AM | by admin

    Solo Oil plc announced that it has exchanged its shareholding in Pan Minerals Oil and Gas AG ("Pan Minerals") for a direct holding of 15.9% in Burj Petroleum Africa Limited ("Burj Africa"), a private ...

    Eni starts production of Cinguvu offshore field at West Hub Development in Angola
    Posted On Apr 30 ,2015 - 04:08-AM | by admin

    Eni started production two weeks ahead of schedule at the Cinguvu oil field, from the West Hub Development Project in Block 15/06 in the Angolan Deep Offshore, approximately 350 kilometres northwest o...

    Aker Solutions ASA Release First-Quarter Results 2015
    Posted On Apr 30 ,2015 - 04:22-AM | by admin

    Reported Sales of NOK 8.5 billion in 1Q 2015 vs NOK 7.5 billion in 1Q 2014 Financial Highlights • Earnings before interest, taxes, depreciation and amortization (EBITDA) NOK...

    New Executive Vice President and New Chief Accounting Officer At Anadarko
    Posted On Apr 30 ,2015 - 04:42-AM | by admin

    Anadarko Petroleum Corporation (NYSE: APC) announced its Board of Directors has named Darrell E. Hollek as Executive Vice President, U.S. Onshore Exploration and Production, effective...

    Have Natural Gas Prices Bottomed?
    Posted On Apr 30 ,2015 - 04:40-AM | by admin

    Last Friday we finally got confirmation of where all the natural gas supply has been coming from as Cabot (COG) reported its earnings. Just like Chesapeake (CHK), they reduced natural gas output, but ...

    Tullow Announce AGM Trading Update
    Posted On Apr 30 ,2015 - 04:28-AM | by admin

    Tullow Oil plc (Tullow) issues the following trading update, for the period 1 January to 30 April 2015. This statement is issued in advance of the Group’s Annual General Meeting which is being held ...

    Songa Offshore Announces Changes to the Board of Directors
    Posted On Apr 30 ,2015 - 04:15-AM | by admin

    The Board of Songa Offshore SE (the "Company") is pleased to announce that Ron Blakely has been appointed as a Director of the Company. Mr. Ronald Blakely is a former executive who...

    TORC Oil & Gas Announce Strategic Acquisition in southeast Saskatchewan
    Posted On Apr 28 ,2015 - 04:31-PM | by admin

    TORC Oil & Gas Ltd. (“TORC” or the “Company”) (TSX:TOG) announced that it has entered into an agreement to acquire high quality, light oil assets which are complementary to TORC’s existing a...

    Akastor ASA Release First Quarter Results 2015
    Posted On Apr 28 ,2015 - 04:42-PM | by admin

    The first quarter has been characterized by significant challenges for MHWirth, as the company is adapting to the current market situation. Overall, the remaining portfolio companies have had satisfac...

    Total announces its first quarter 2015 interim dividend
    Posted On Apr 28 ,2015 - 04:10-PM | by admin

    The Board of Directors of Total met on April 27, 2015, and approved a first quarter 2015 interim dividend of 0.61 euros per share. This interim dividend, unchanged compared to the first quarter of 201...

    Technip wins PMC contract for the Basra Refinery Upgrading project
    Posted On Apr 28 ,2015 - 04:44-PM | by admin

    Technip, in partnership with UNICO, a Japanese engineering consultant, was awarded a Project Management Consultancy (PMC) contract on a reimbursable basis, for the upgrading of the Basra refinery. Thi...

    Seplat Announce Interim management statement and consolidated interim financial results for the first quarter ended 31 March 2015
    Posted On Apr 28 ,2015 - 04:13-PM | by admin

    Seplat Petroleum Development Company Plc ("Seplat" or the "Company"), a leading Nigerian indigenous oil and gas company, listed on both the Nigerian Stock Exchange and London Stock Exchange, announced...

    Kosmos Energy Announce Gas Discovery Offshore Mauritania
    Posted On Apr 28 ,2015 - 04:22-PM | by admin

    Kosmos Energy (NYSE: KOS) announced today that the Tortue-1 exploration well, drilled to test the Tortue West prospect, which forms part of the Greater Tortue Complex, in Block C-8 offshore Mauritania...

    Petroceltic Announce Award of Rig Contract for the Ain Tsila Project
    Posted On Apr 27 ,2015 - 04:11-AM | by admin

    Petroceltic International plc (AIM: PCI) ("Petroceltic" or the "Company"), the oil and gas exploration, development and production company focused on the Middle East, North Africa and the Mediterranea...

    Ghana and Côte d’Ivoire Maritime Boundary Arbitration Update
    Posted On Apr 27 ,2015 - 04:38-AM | by admin

    The Special Chamber of the International Tribunal of the Law of the Sea (ITLOS) in Hamburg has rejected Côte d’Ivoire’s request that Ghana be ordered to suspend all oil exploration and exploitati...

    ExxonMobil Marks 15 Years Fighting Malaria
    Posted On Apr 24 ,2015 - 04:59-PM | by admin

    ExxonMobil today announced $10 million in new grants to mark World Malaria Day, continuing the company’s 15-year commitment to fighting a disease that is preventable and treatable, yet still kills m...

    CNOOC Limited Announces Key Operational Statistics for Q1 2015
    Posted On Apr 24 ,2015 - 04:45-PM | by admin

    CNOOC Limited (the “Company”, NYSE: CEO, SEHK: 00883, TSX: CNU) today announced its key operational statistics for the first quarter of 2015. Total net production in the first quarter of 2015 i...

    CNOOC announce Kenli 10-1 Oilfield Commences Production
    Posted On Apr 24 ,2015 - 04:54-PM | by admin

    CNOOC Limited (the “Company”, NYSE: CEO, SEHK: 00883, TSX: CNU) announced that the Kenli 10-1 oilfield has commenced production. The Kenli 10-1 oilfield is located in the South of Bohai with a...

    OneSubsea Awarded Contract for BP West Nile Delta Taurus Libra Development, Egypt
    Posted On Apr 24 ,2015 - 04:10-PM | by admin

    OneSubsea®, a Cameron (NYSE: CAM) and Schlumberger (NYSE: SLB) company, has been awarded a multi-million dollar contract to supply subsea systems for the BP West Nile Delta Taurus Libra development o...

    CAMAC Energy Inc. is now Erin Energy Corporation (“Erin Energy”)
    Posted On Apr 24 ,2015 - 04:23-PM | by admin

    CAMAC Energy Inc. (NYSE MKT:CAK) (the “Company”) will implement a reverse stock split of its common stock pursuant to which each six shares of common stock will be converted into one share of comm...

    Oil Price War May Benefit Both US Shale And Saudi Arabia
    Posted On Apr 24 ,2015 - 04:49-PM | by admin

    Even as financial commentators on CNBC are starting to come around to the idea of a bottom in oil prices, the key question for US oil producers remains one of timing. How long will the oil price slump...

    Neste Oil's Interim Report for January-March 2015
    Posted On Apr 24 ,2015 - 04:41-PM | by admin

    Excellent start for the year as a result of strong refining market and good internal performance First quarter in brief: •Comparable operating profit totaled EUR 215 million (Q1/2014: EUR 50 mil...

    New Insight on Ground Shaking from Man-Made Earthquakes
    Posted On Apr 24 ,2015 - 04:18-PM | by admin

    Significant strides in science have been made to better understand potential ground shaking from induced earthquakes, which are earthquakes triggered by man-made practices. Earthquake activity has ...

    Where Investors Should Be Looking When Oil Recovers
    Posted On Apr 23 ,2015 - 04:37-AM | by admin

    Is This Where Investors Should Be Looking When Oil Recovers? When oil prices recover-and plenty of analysts think the climb back up will start soon-Canada's western frontier of Saskatchewan and ne...

    Win the APO Energy Media Awards and travel to Dubai to attend the Africa Energy Forum
    Posted On Apr 22 ,2015 - 04:00-PM | by admin

    APO will offer transport, accommodation and perdiem for the first-place winner to attend the Africa Energy Forum held in Dubai from 8-11 June 2015 APO (African Press Organization) , the sole press ...

    Noble Energy Reaches Agreement With Federal And State Regulators To Improve Air Emission Controls In DJ Basin Operations
    Posted On Apr 22 ,2015 - 04:08-AM | by admin

    Noble Energy, Inc. (NYSE: NBL) today announced an agreement with the U.S. Environmental Protection Agency (EPA), the U.S. Department of Justice (DOJ) and the State of Colorado to improve emission cont...

    Det norske completes Geo pilot wells
    Posted On Apr 22 ,2015 - 04:51-AM | by admin

    Det norske has as operator of the Ivar Aasen field completed drilling of two geo pilot wells. The operation increases the understanding of the reservoir and provides valuable information for location ...

    CGG Acquires Taurus Reservoir Solutions
    Posted On Apr 22 ,2015 - 04:38-AM | by admin

    CGG announced today that its GeoConsulting Business Line has acquired Taurus Reservoir Solutions Ltd., based in Calgary. Taurus offers reservoir and geomechanical simulation and engineering technology...

    Statoil Announce Increased cooperation on exploration in the Barents Sea
    Posted On Apr 21 ,2015 - 04:45-AM | by admin

    Statoil, Eni Norge, Lundin Norway, OMV and GDF SUEZ will collaborate on solving operational tasks tied to exploration in the Barents Sea. Bilde The Barents Sea Exploration Collaboration will initi...

    BG Group revises format and content of financial disclosures
    Posted On Apr 21 ,2015 - 04:41-AM | by admin

    BG Group (LSE: BG.L), a world leader in exploration and LNG, today announces a number of revisions to the format and content of the Group's financial disclosures to be incorporated in the Group's resu...

    Chariot Announce Update on Moroccan Portfolio
    Posted On Apr 21 ,2015 - 04:23-AM | by admin

    Chariot Oil & Gas Limited (AIM: CHAR), the Atlantic margins focused oil and gas exploration company, today provides an update on its Rabat Deep, Loukos and Mohammedia permits, offshore Morocco. Rab...

    Zion Oil & Gas Appoints New Board Director
    Posted On Apr 21 ,2015 - 04:25-AM | by admin

    Zion Oil & Gas, Inc. (NASDAQ GM: ZN) (“Zion” or “Company”) today announced the appointment of a new director to its Board of Directors (“Board”). Mr. Dustin L. Guinn has been appointed ...

    Technip’s subsidiary Tipiel awarded a contract for a new gas pipeline in Peru
    Posted On Apr 21 ,2015 - 04:43-AM | by admin

    Tipiel(1) S.A., Technip’s subsidiary in Colombia, was awarded by the Consorcio Constructor Ductos del Sur(2), a front-end engineering design and detailed engineering design contrac...

    ExxonMobil President Calls for Urgent Action on U.S. Liquefied Natural Gas (LNG) Exports
    Posted On Apr 20 ,2015 - 04:25-PM | by admin

    The United States is at risk of losing economic opportunity and the ability to solidify its role as a global leader in energy production unless the government moves to approve liquefied natural gas (L...

    Eni Sees record level of production achieved in the Western Desert of Egypt
    Posted On Apr 20 ,2015 - 04:21-PM | by admin

    Eni reached a record level of production of 70 thousand barrels of oil per day in the Western Desert of Egypt, doubling its level of production in the area in just three years. Such result was achieve...

    Repsol makes new gas discovery in Algeria
    Posted On Apr 20 ,2015 - 04:43-PM | by admin

    Repsol has made its third gas discovery in the Illizi basin, in the southeast of Algeria. The discovery in Tan Emellel Sud-Ouest-2 (TESO-2) exploration well in the Sud-Est Illizi block is the continua...

    Has The U.S. Reached "Peak Oil" At Current Price Levels?
    Posted On Apr 20 ,2015 - 04:19-AM | by admin

    Last night the EIA once again capitulated on the myth that rig counts don't matter and the productivity of wells would largely offset, leaving the industry on a continuous path to higher output. The c...

    Petrobras Updates on Loan Contracts and Divestment Plan
    Posted On Apr 20 ,2015 - 04:53-AM | by admin

    Petrobras announces concluded negotiations on the following loan contracts:

  • R$ 4.5 billion export note with Banco do Brasil through its subsidiary BR Distribuidora for a 6-year period.
  • ...

    Gas Flaring, A Burning Issue in the Middle East
    Posted On Apr 20 ,2015 - 04:37-AM | by admin

    Industry peers from oil and gas industry to discuss the importance of flare gas recovery in Abu Dhabi. Middle East being the second largest region after Russia to have the largest gas reserves, it...

    Mart Resources Provides Updates on Umusadege field for February 2015
    Posted On Apr 17 ,2015 - 04:17-PM | by admin

    Mart Resources, Inc. (TSX: MMT) (“Mart” or the “Company”) and its coventurers, Midwestern Oil and Gas Company Limited (“Midwestern”, Operator of the Umusadege field) and S...

    Statoil committed to end routine flaring by 2030
    Posted On Apr 17 ,2015 - 04:04-PM | by admin

    Statoil and several other oil companies and nations joined together today to commit, for the first time, to end the practice of routine gas flaring at oil production sites by 2030. CEO Eldar Sætre...

    GE Grows Gas Compression Power Packager Program
    Posted On Apr 17 ,2015 - 04:25-PM | by admin

    GE’s Distributed Power business (NYSE: GE) has expanded its new Gas Compression Power Packager program by adding Propak Systems Ltd. as a new participant at the Platinum Level. The program is design...

    Rolls-Royce Powers the World’s Longest Journey by LNG at Sea
    Posted On Apr 17 ,2015 - 04:06-PM | by admin

    A Rolls-Royce pure-gas engine has propelled Nor Lines’ Kvitbjørn today into the history books by becoming the world’s first vessel to operate between Asia and Europe solely on liquefied natural g...

    Roxi Petroleum Enters Agreement to raise USD20 million
    Posted On Apr 17 ,2015 - 04:03-AM | by admin

    Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, announced it has entered into a subscription agreement to raise $20m at above the current market price. The Company has enter...

    Sound Oil Gets Final EIA Approval on Nervesa Field
    Posted On Apr 17 ,2015 - 04:14-AM | by admin

    Sound Oil, the European / Mediterranean focused upstream oil and gas company, announced receipt of the final approval of the Environmental Impact Assessment ("EIA") for the Nervesa field production co...

    Oilex announce updates on Cambay field, onshore India
    Posted On Apr 17 ,2015 - 04:12-AM | by admin

    Cambay Field – Reserves and Contingent Resources X and Y Zones – Summary C-77H-Oil SampleGross Proved + Probable (2P) Reserves of 206 Bcf gas and 8.0 MMbbls of condensate (C5+) in the Y zone ...

    Petrobras confirms good productivity of Sergipe Basin’s Farfan reservoirs
    Posted On Apr 17 ,2015 - 04:37-AM | by admin

    Petrobras announces it has completed the formation test (evaluation of an oil deposit’s potential) on well 3-BRSA-1286-SES (ANP nomenclature), located in concession BM-SEAL-11, in ultra-deep waters ...

    Schlumberger Announces First-Quarter 2015 Results
    Posted On Apr 17 ,2015 - 04:51-AM | by admin

    First-quarter revenue of $10.2 billion decreased 19% sequentially • First-quarter EPS of $1.06, excluding charges and credits, declined 29% sequentially • First-quarter free cash flow of $1.2 bi...

    Santos narrows GLNG start date
    Posted On Apr 17 ,2015 - 04:18-AM | by admin

    Santos announced its GLNG project is approaching 95% complete and is expected to produce first LNG around the end of the third quarter this year. Previous guidance for first LNG was in the second h...

    Lundin Discover First oil from the Bertam field, offshore Malaysia
    Posted On Apr 16 ,2015 - 04:18-PM | by admin

    Lundin Petroleum AB announced that its wholly owned subsidiary Lundin Malaysia BV (Lundin Malaysia) has achieved first oil from the Bertam field on the 5th April 2015. The Bertam field has commence...

    Valemon gas and condensate field in the North Sea officially opened
    Posted On Apr 16 ,2015 - 04:34-AM | by admin

    Petroleum and energy minister Tord Lien is opening the Valemon gas and condensate field in the North Sea today. Expected recoverable reserves from the field are 192 million barrels of oil equivalent...

    Technip awarded FEED contract for the Liuhua fields in the South China Sea
    Posted On Apr 16 ,2015 - 04:20-AM | by admin

    Technip and its consortium partner China Offshore Oil Engineering Company (COOEC) have been awarded a front end engineering design (FEED) contract by China National Offshore Oil Corporation Limited (C...

    Total’s French Refining Roadmap
    Posted On Apr 16 ,2015 - 04:40-AM | by admin

    Total today presented its French refining roadmap to employee representatives. The plan is designed to give each Total’s refining site in France the means to resist in a volatile environment and per...

    HIRING PLANS IMPACTED AS COMPANIES IMPLEMENT COST SAVING MEASURES.
    Posted On Apr 15 ,2015 - 04:25-PM | by admin

    The Hays Oil & Gas Global Job Index for the first quarter traditionally sees a bounce back as hiring restarts after the holiday season slowdown in the previous quarter. However, due to the downturn in...

    The Game-Changing Water Revolution
    Posted On Apr 15 ,2015 - 04:11-AM | by admin

    James Stafford of Oilprice.com Interviews with Stanley Weiner, CEO of STW Resources Globally, water demand is threatening to dangerously outpace supply, while in the US, dry states such as Texas a...

    Allied International UK Ltd expand Teesside Branch
    Posted On Apr 14 ,2015 - 04:54-AM | by admin

    Allied International UK Ltd announce the appointments of two new key personnel to the Teesside Branch. Mr Stewart Hopes and Mr Sean Steinmetz are welcomed to the team, bringing an extra in-depth kno...

    Technip wins subsea contract on Triton FPSO
    Posted On Apr 14 ,2015 - 04:32-AM | by admin

    Technip has been awarded a brownfield subsea contract for the Triton(1) floating production storage and offloading (FPSO) vessel, operated by Dana Petroleum, located in the central North Sea. This FPS...

    Subsea 7 S.A. awarded contract offshore Brazil
    Posted On Apr 14 ,2015 - 04:36-AM | by admin

    Subsea 7 S.A. (Oslo Børs: SUBC) has been awarded a contract worth approximately USD$200 million with a duration of approximately two years. The contract is for the installation of flexible lines fo...

    Ophir Energy appoints WorleyParsons for Equatorial Guinea FLNG development
    Posted On Apr 14 ,2015 - 04:03-AM | by admin

    WorleyParsons announces the award by Ophir Equatorial Guinea (Block R) Limited of an agreement for provision of engineering and project management services for their Equatorial Guinea Block R Project ...

    Eco-Engineering Solutions Chooses Paradigm Sysdrill for Well Planning and Drilling Engineering
    Posted On Apr 13 ,2015 - 04:17-PM | by admin

    Paradigm® today announced that Eco-Engineering Solutions, an independent, Houston-based provider of consulting and outsourcing services for Drilling Engineering and Well Operations, has adopted Sysdr...

    Noble Energy Announces Acreage Addition In The Falkland Islands
    Posted On Apr 13 ,2015 - 04:49-PM | by admin

    Noble Energy, Inc. (NYSE: NBL) today announced that it has acquired a 75 percent interest and operatorship of the PL001 License in the North Falkland Basin from Argos Resources Limited. The PL001 Lic...

    Shell concludes sale of 185 service stations across the UK
    Posted On Apr 13 ,2015 - 04:52-PM | by admin

    Shell UK announced it has accepted offers for the sale of 185 company-owned service stations to selected independent dealers and has exchanged contracts for 158 of these service stations. Through ...

    Aker Solutions and Fjords Processing Form Alliance
    Posted On Apr 13 ,2015 - 04:54-PM | by admin

    Aker Solutions and Fjords Processing have formed an alliance to develop technology and capabilities for advanced, cost-effective wellstream separation and treatment solutions for the subsea and topsid...

    Another gas discovery in the Aasta Hansteen area
    Posted On Apr 13 ,2015 - 04:11-PM | by admin

    Operator Statoil has together with PL602 partners made a gas discovery in the Roald Rygg prospect in the Norwegian Sea. This is the second Statoil discovery in the Aasta Hansteen area in spring 2015. ...

    Energy Investors Create One Stop Shop Website, For Oil and Gas Industry
    Posted On Apr 13 ,2015 - 04:11-AM | by admin

    Oklahoma City based Cambridge Energy Consultants and Triad Capital LLC have combined efforts and developed a one stop shop website, productionBrokers.com, providing oil and gas industry related compan...

    Apache agrees sell its Australian subsidiar for $2.1bn
    Posted On Apr 10 ,2015 - 04:08-PM | by admin

    Apache Corporation (NYSE, Nasdaq: APA) announced an agreement to sell its Australian subsidiary Apache Energy Limited to a consortium of private equity funds managed by Macquarie Capital Group Limite...

    Apache Completes Sale of Kitimat LNG
    Posted On Apr 10 ,2015 - 04:09-PM | by admin

    Apache Corporation (NYSE, Nasdaq: APA) today announced that it has completed the previously disclosed sale of its 50 percent interest in the Kitimat LNG project and related upstream acreage in the Hor...

    Tethys Announce Corporate Update
    Posted On Apr 10 ,2015 - 04:44-PM | by admin

    Tethys Petroleum Limited (TSX:TPL)(LSE:TPL) ("Tethys" or the "Company") has provided a corporate update to shareholders. Highlights: -- Q1 2015 gas production achieved was the highest quarter...

    Faroe Announces Results of Skirne East (Shango) exploration well
    Posted On Apr 10 ,2015 - 04:39-PM | by admin

    Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce the results of the Skirne ...

    Shell publishes 2014 Sustainability Report
    Posted On Apr 10 ,2015 - 04:24-PM | by admin

    Royal Dutch Shell has published its Sustainability Report for 2014, which describes how it is working responsibly to help meet the world’s growing demand for energy. The 2014 Sustainability Repor...

    Woodside Announce Gas Discovery at Pyxis-1
    Posted On Apr 09 ,2015 - 04:30-PM | by admin

    Woodside advises that the Pyxis-1 exploration well in production licence WA-34-L has intersected approximately 18.5 metres of net gas within the Jurassic sandstone target. The well reached a total ...

    Statoil makes oil discovery in Gulf of Mexico
    Posted On Apr 09 ,2015 - 04:47-PM | by admin

    Statoil announced today that it has made an oil discovery in its Miocene Yeti prospect located in the Gulf of Mexico (GoM). “The Yeti discovery expands the proven sub-salt Miocene play further so...

    Hess Hosts Bipartisan Congressional Delegation in the Gulf of Mexico
    Posted On Apr 09 ,2015 - 04:23-PM | by admin

    Hess Corporation (NYSE:HES) will host a visit today of a bipartisan Congressional Delegation to its Tubular Bells oil and gas production facility, located in the Mississippi Canyon area of the deepwat...

    Madalena announces 860 BOE/D Loma Montosa Horizontal Well Test at Puesto Morales
    Posted On Apr 09 ,2015 - 04:30-AM | by admin

    Madalena Energy Inc. ("Madalena" or the "Company") (TSXV: MVN and OTC: MDLNF) announced it has recently completed the testing of an operated horizontal multi frac well (PMS-1135(h)) in the Loma Montos...

    Sterling Energy completes acquisition of Murphy's interest in the Ntem Concession
    Posted On Apr 09 ,2015 - 04:21-AM | by admin

    Sterling Energy Plc, the AIM listed oil and gas exploration company (AIM: SEY), provided an update on the transaction between its wholly owned subsidiary Sterling Cameroon Limited (“Sterling”) and...

    Media Myths On Oil Prices
    Posted On Apr 09 ,2015 - 04:39-AM | by admin

    The upstream oil and gas industry is not a black hole. There's no mystery wrapped in an enigma here. There are a lot of meetings with engineers, chemists and geologists. There's a constantly evolvin...

    How Much Longer Can OPEC Hold Out?
    Posted On Apr 09 ,2015 - 04:53-AM | by admin

    OPEC has been the most talked about international organization among investors, analysts and international political lobbies in the last few months. When OPEC speaks, the world listens in rapt atte...

    SacOil announce loan settlement agreement with Energy Equity Resources Norway Limited (EERNL)
    Posted On Apr 09 ,2015 - 04:05-AM | by admin

    SacOil Holdings Limited (SacOil) today announced it has entered into a loan settlement agreement with Energy Equity Resources Norway Limited (EERNL) which enhances the company’s ability to recover l...

    Chevron Thailand Announces $30 Million Thailand Partnership Initiative
    Posted On Apr 08 ,2015 - 04:37-PM | by admin

    Chevron Thailand Exploration and Production, Ltd. (Chevron Thailand), announced a $30 million commitment to create the Thailand Partnership Initiative (TPI), a five-year program to strengthen Thailand...

    Afren Responds to AMNI’s allegations regarding Okoro Field
    Posted On Apr 08 ,2015 - 04:36-AM | by admin

    Afren plc (“Afren” or the “Company”) (LSE: AFR) notes the press reports regarding the purported termination by AMNI Petroleum Development Company (“AMNI”) of the Production Sharing and Tec...

    Royal Dutch Shell plc Make Recommended Cash and Share Offer for BG Group plc
    Posted On Apr 08 ,2015 - 04:15-AM | by admin

    The Boards of Royal Dutch Shell plc and BG Group plc are pleased to announce that they have reached agreement on the terms of a recommended cash and share offer to be made by Royal Dutch Shell plc for...

    Equatorial Guinea ratifies new ExxonMobil exploration agreement
    Posted On Apr 07 ,2015 - 04:49-PM | by admin

    The Ministry of Mines, Industry and Energy of Equatorial Guinea announced the Ratification of Production Sharing Contract for Block EG-06 by the government of Equatorial Guinea. The contract was s...

    Afren Responds to reports regarding CEO
    Posted On Apr 07 ,2015 - 04:20-PM | by admin

    Afren plc (“Afren” or the “Company”), (LSE: AFR) notes the press reports that Alan Linn is proposed to be appointed as the new CEO of the Company. Afren confirms that Alan Linn is current...

    Israel’s Energy Minister Grants Megiddo-Jezreel License Annexation for Zion Oil & Gas
    Posted On Apr 02 ,2015 - 04:07-PM | by admin

    Zion Oil & Gas, Inc. (“Zion” or “Company”) (NASDAQ ZN) announced that, on March 29, 2015, the State of Israel's Minister of Infrastructure, Energy and Water Resources (the “Energy Minister...

    Saipem Announces Joint Venture with Dangote Group
    Posted On Apr 02 ,2015 - 04:09-PM | by admin

    Saipem has entered into a Joint Venture with Dangote Group, one of Africa’s leading companies, to create a new company named Saipem Dangote E&C. Saipem Dangote E&C is a significant new player in ...

    Neste Oil Announce safety award for its contractors
    Posted On Apr 02 ,2015 - 04:42-AM | by admin

    Neste Oil has decided to establish a safety award for its contractor companies. The award will be granted annually to a contractor that has improved its safety practices, worked diligently for safety ...

    Is Warren Buffett Wrong About Oil Stocks?
    Posted On Apr 02 ,2015 - 04:08-AM | by admin

    Recently, Warren Buffett has made headlines by selling all of his shares in Exxon Mobil (NYSE: XOM), the rest of his position in ConocoPhillips (NYSE:COP), and reducing his stake in National Oilwell V...

    Can Argentina Capitalize On Its Vast Shale Reserves?
    Posted On Apr 01 ,2015 - 04:31-PM | by admin

    Argentina, once a regional energy leader, is now better known for financial busts and bombastic politicians than hydrocarbons prospects. Still, with a resource potential both vast and untapped, the na...

    Petrobras Announce Cooperation with China Development Bank
    Posted On Apr 01 ,2015 - 04:20-PM | by admin

    Petrobras announces that it has executed today with China Development Bank Corporation – CDB the first Facility Agreement of a cooperation arrangement to be implemented during 2015 and 2016. The Agr...

    Afren Issues Update on interim funding
    Posted On Apr 01 ,2015 - 04:51-PM | by admin

    As announced on 13 March 2015, the Company has entered into a conditional agreement with noteholders representing approximately 42% of the outstanding principal amount due under its 2016 Notes, 2019 N...

    Neste Oil to drop "Oil" from its name
    Posted On Apr 01 ,2015 - 04:49-PM | by admin

    Neste Oil's Annual General Meeting decided on April 1, 2015, that the company's name will be changed to Neste Corporation. The change of name illustrates the changes that have taken place in the compa...

    African Petroleum issue update on Licence Blocks SL-03 and SL-4A-10 in Sierra Leone
    Posted On Apr 01 ,2015 - 04:38-AM | by admin

    African Petroleum, an independent oil and gas exploration company operating ten licences in five countries offshore West Africa, is pleased to announce an update to its prospective oil resources at it...

    Versalis and LOTTE Chemical strengthen presence within the Asian market
    Posted On Apr 01 ,2015 - 04:29-AM | by admin

    Versalis (Eni), a global leading producer in the elastomers industry, and LOTTE Chemical, a major petrochemical company in South Korea, announced today to have extended their cooperation in the elasto...

    SacOil Announce Termination of participation in Oil Prospecting Licence 281
    Posted On Apr 01 ,2015 - 04:59-AM | by admin

    In compliance with JSE Limited (“JSE”) Listings Requirement 3.9, an issuer who has published a cautionary announcement must provide updates thereon in the required manner and within the time limit...

    Neste Oil's Oil Retail business area reorganizing to improve customer service and enhance operations
    Posted On Apr 01 ,2015 - 04:08-AM | by admin

    "The primary objective is to achieve business growth. To facilitate growth, we must be agile, improve our understanding of customers' needs, produce a convenient customer experience, and boost our sal...

    Petróleo Brasileiro S.A Announce Sale of Assets in Argentina
    Posted On Mar 31 ,2015 - 03:29-PM | by admin

    Petróleo Brasileiro S.A. – Petrobras announces that the Board of Directors of Petrobras Argentina (PESA) has approved to dispose of all of its assets located in the Austral Basin, in the Santa Cruz...

    Chevron, Vice Chairman and Executive Vice President, Upstream, to Retire
    Posted On Mar 31 ,2015 - 03:53-PM | by admin

    Chevron Corporation (NYSE:CVX) confirmed today that George L. Kirkland, vice chairman and executive vice president, Upstream, will retire from the company, effective June 15. He will be succeeded by J...

    EIA rolls out monthly data on crude oil movements by rail
    Posted On Mar 31 ,2015 - 03:04-PM | by admin

    For the first time, EIA is providing monthly data on rail movements of crude oil, which have significantly increased over the past five years. The new data on crude-by-rail (CBR) movements are fully i...

    Eni signs Production Sharing Contracts for the exploration of two blocks offshore Myanmar
    Posted On Mar 31 ,2015 - 03:15-AM | by admin

    Eni, following its participation in the competitive International Bid Round launched by the Republic of the Union of Myanmar, signed two Production Sharing Contracts (PSC) for offshore blocks MD-02 an...

    Gulf Keystone Announce Board Change
    Posted On Mar 31 ,2015 - 03:43-AM | by admin

    Gulf Keystone Petroleum announces that Simon Murray, the Company's Non-Executive Chairman is to retire from the Board of Directors of Gulf Keystone. Andrew Simon, Senior Independent Director, will...

    Gulf Keystone Announce Placement of New Common Shares
    Posted On Mar 31 ,2015 - 03:19-AM | by admin

    Further to the Company's announcement of 30 March 2015 Gulf Keystone is pleased to announce that it has successfully raised through Mirabaud Securities LLP ("Mirabaud") and Pareto Securities Limited (...

    Exploration and Development Laid Solid Foundation Lowering Costs and Enhancing Efficiency Program Achieved Outstanding Results
    Posted On Mar 30 ,2015 - 03:42-PM | by admin

    CNOOC Limited (the “Company”, NYSE: CEO, SEHK: 00883, TSX: CNU) today announced its 2014 annual results for the year ended December 31, 2014. In 2014, the Company achieved various breakthroughs...

    Eni starts production at Hadrian South gas field in Gulf of Mexico deepwater
    Posted On Mar 30 ,2015 - 03:55-PM | by admin

    Eni started the production at the Hadrian South gas field in the Gulf of Mexico deepwater, located in the United States approximately 240 miles south of the Louisiana’s coast. Hadrian South, whic...

    ExxonMobil Begins Production at Hadrian South in Gulf of Mexico
    Posted On Mar 30 ,2015 - 03:31-PM | by admin

    Exxon Mobil Corporation (NYSE:XOM) announced today it began production in the deepwater Gulf of Mexico at Hadrian South with facilities tied back to the nearby Lucius project, reducing additional infr...

    Specialized Oil & Gas MOOC launched by IFP School with the support of Total
    Posted On Mar 30 ,2015 - 03:16-PM | by admin

    With the support of Total, IFP School, the French leader in industry-oriented graduate programs in the fields of energy and transport, is launching the first specialized oil and gas Massive Open Onlin...

    Total completes $1 billion of onshore divestments in Nigeria
    Posted On Mar 30 ,2015 - 03:24-AM | by admin

    Total has completed the divestment of its stake in onshore Oil Mining Lease (OML) 29 to Aiteo Eastern E&P, a Nigerian company, for $569 million. Together with the recently completed divestments of OML...

    Statoil Announce it's eighth discovery in Block 2 offshore Tanzania
    Posted On Mar 30 ,2015 - 03:40-AM | by admin

    Statoil today announced that the Mdalasini-1 exploration well has resulted in a new natural gas discovery offshore Tanzania. The discovery of an additional 1.0-1.8 trillion cubic feet (tcf*) of nat...

    Changes in Aker Solution's Executive Management Team
    Posted On Mar 27 ,2015 - 03:54-PM | by admin

    Tore Sjursen will assume the position as executive vice president for operational improvement and risk management at Aker Solutions on April 1. Knut Sandvik will at the same time replace Sjursen as he...

    Chevron Announce Shareholding sell-down consistent with stated divestment goals
    Posted On Mar 27 ,2015 - 03:00-PM | by admin

    Chevron Corporation's (NYSE: CVX) wholly owned subsidiary Chevron Global Energy Inc. today announced that it has entered into an underwriting agreement for the sale of its 50 percent shareholding in C...

    Driverless Cars Poised To Transform Automotive Industry
    Posted On Mar 27 ,2015 - 03:56-PM | by admin

    The newest Mercedes autonomous car looks like a car on the outside but like a lounge on the inside, with four swivel seats facing each other in a multimedia bubble of padded leather and walnut veneer....

    Total Gabon Company's financial statements for the year ended December 31, 2014
    Posted On Mar 26 ,2015 - 03:20-PM | by admin

    The Board of Directors of Total Gabon met on March 24, 2015 to approve the Company's financial statements for the year ended December 31, 2014. The Brent price averaged $99.0/bbl in 2014, versus $1...

    Oryx Petroleum 2014 Financial and Operational Results
    Posted On Mar 25 ,2015 - 03:56-PM | by admin

    Oryx Petroleum Corporation Limited (“Oryx Petroleum” or the “Corporation”) announced its financial and operational results for the year ended December 31, 2014. All dollar amounts set forth in...

    Petrobras to Review Governance and Organizational Management Model
    Posted On Mar 25 ,2015 - 03:00-PM | by admin

    Petrobras announces that its Executive Board, in a meeting held on March 24, 2015, approved the beginning of the project to review its corporate governance and organizational management model based o...

    Sale of oil mining lease 29 and Nembe Creek Trunk Line Completed in Nigeria
    Posted On Mar 25 ,2015 - 03:50-PM | by admin

    The Shell Petroleum Development Company of Nigeria Limited (SPDC), a subsidiary of Royal Dutch Shell plc (Shell), has completed the assignment of its interest in oil mining lease (OML) 29 and the Nemb...

    Production starts at the Maari MR6A development well in New Zealand
    Posted On Mar 25 ,2015 - 03:32-PM | by admin

    Cue Energy is pleased to announce that production from the Maari MR6A development well has been brought on stream, with an initial production rate of approximately 7,800 barrels of oil per day (bopd)....

    3D seismic program begins offshore Vietnam
    Posted On Mar 25 ,2015 - 03:03-PM | by admin

    KrisEnergy Ltd. announced that the CGG Amadeus vessel has commenced a 570 sq.km. 3D seismic acquisition program in the Block 120 exploration acreage offshore central Vietnam. Block 120 covers 6,869...

    KrisEnergy drills successful G6/48 Gulf of Thailand well
    Posted On Mar 25 ,2015 - 03:32-PM | by admin

    KrisEnergy Ltd. (“KrisEnergy” or “the “Company”), an independent upstream oil and gas company, provides an update on the drilling of the Rossukon-2 exploration well in G6/48 in the Gulf of T...

    Santos Announce Dividend Reinvestment Plan (DRP) & oil discovery
    Posted On Mar 25 ,2015 - 03:46-PM | by admin

    Santos Limited (ABN 80 007 550 923) (ASX code: STO) Santos, announces today that it has issued 5,405,704 fully paid ordinary shares at a price of A$7.4192 per share to participants in the DRP for the ...

    Whiting Announces Offering of 35,000,000 Shares of Common Stock
    Posted On Mar 25 ,2015 - 03:26-PM | by admin

    Whiting Petroleum Corporation (NYSE: WLL) announced that it has commenced a registered public offering of 35,000,000 shares of its common stock. Whiting expects to grant the underwriter a 30-day optio...

    Petróleo Brasileiro S.A. completes the drilling of the second appraisal well
    Posted On Mar 25 ,2015 - 03:28-PM | by admin

    Petrobras announced that the Libra consortium has completed the drilling of the extension well 3-BRSA-1267-RJS/3-BRSA-1267A-RJS (3-RJS-735/735A). The drilling results have confirmed the presence of a ...

    US Interior Department Releases Final Rule to Support Safe, Responsible Hydraulic Fracturing Activities on Public and Tribal Lands
    Posted On Mar 24 ,2015 - 03:13-PM | by admin

    Following a robust and transparent public process that included more than 1.5 million public comments, Secretary of the Interior Sally Jewell today released final standards that will support safe and ...

    Cap Energy Announce Re-assessment of 2D seismic boosts the potential of Guinea- Bissau assets
    Posted On Mar 24 ,2015 - 03:12-PM | by admin

    Cap Energy PLCPlc, a company listed on the ISDX Growth Market focused on the exploration, production, and development of oil and gas primarily in sub-Saharan Africa, announced the results of an in...

    Schlumberger Launches Two New Full-Azimuth Multiclient Surveys in the US Gulf of Mexico
    Posted On Mar 24 ,2015 - 03:08-PM | by admin

    Schlumberger announced the completion of the acquisition of approximately 2,750 sq km of two new full-azimuth multiclient seismic surveys over the Garden Banks and Green Canyon areas in the Gulf of Me...

    Tidal turbine deal for electric cable seal maker Roxtec
    Posted On Mar 24 ,2015 - 03:58-AM | by admin

    SAFETY seal manufacturer Roxtec has provided its waterproof sealing solution to the largest and most powerful tidal turbine in the world. Manchester based Roxtec UK managing director Graham O’Har...

    GE Oil & Gas announces $850M order with Eni
    Posted On Mar 24 ,2015 - 03:13-AM | by admin

    GE (NYSE:GE) announced the booking of an $850 million order across its Oil & Gas business for the supply of equipment to the Offshore Cape Three Points (OCTP) block, Ghana. This order incorporates bot...

    Wall Street Losing Millions From Bad Energy Loans
    Posted On Mar 24 ,2015 - 03:26-AM | by admin

    Oil companies continue to get burned by low oil prices, but the pain is bleeding over into the financial industry. Major banks are suffering huge losses from both directly backing some struggling oil ...

    Songa Equinox update
    Posted On Mar 24 ,2015 - 03:55-AM | by admin

    Songa Equinox went on sea trial as planned on 19 March 2015. Prior to sea trial departure, the inclination test indicated a heavier than expected Light Unit Weight. This will mandate the installati...

    Statoil appoints chief operating officer
    Posted On Mar 24 ,2015 - 03:36-AM | by admin

    Anders Opedal is appointed executive vice president and takes on a new position as chief operating officer (COO) in the corporate executive committee (CEC) on 1 April. Opedal will be responsible th...

    Turkish Petroleum Expands its Paradigm Software Portfolio
    Posted On Mar 23 ,2015 - 03:43-PM | by admin

    Turkish Petroleum Expands its Paradigm Software Portfolio with Reverse Time Migration The acquisition will help maintain the company's processing facility as a center of excellence for seismic process...

    Anadarko Joins Magellan Midstream and Plains All American to Build Saddlehorn Pipeline
    Posted On Mar 23 ,2015 - 03:38-PM | by admin

    Magellan Midstream Partners (MMP) ("Magellan") and Plains All American Pipeline, L.P. (PAA) ("Plains") announced that a wholly owned subsidiary of Anadarko Petroleum Corporation (APC) has exercised it...

    Neste Oil's Porvoo refinery maintenance
    Posted On Mar 23 ,2015 - 03:32-AM | by admin

    Neste Oil's Porvoo refinery will be stopped for the planned maintenance turnaround in April 2015. The major turnaround of nearly EUR 100 million involving 4,500 employees is the largest in the refiner...

    Afren Announce Update on discussion with bondholders
    Posted On Mar 22 ,2015 - 03:40-PM | by admin

    Afren plc (“Afren” or the “Company”) announces that in connection with the satisfaction of the conditions precedent for the provision of US$200 million in interim funding to be provided by cer...

    FMC Technologies and Technip to launch Forsys Subsea
    Posted On Mar 22 ,2015 - 03:19-PM | by admin

    FMC Technologies Inc. and Technip today signed an agreement to form an exclusive alliance and to launch Forsys Subsea, a 50/50 joint venture that will unite the skills and capabilities of two subsea i...

    Award of New Discovery in Southern North Sea
    Posted On Mar 20 ,2015 - 03:00-AM | by admin

    Independent Oil and Gas plc (“IOG”), (AIM:IOG.L), the North Sea focused oil and gas company, announced that further to the award of block 48/22c in the UK 28th offshore licensing round, the licenc...

    New General Manager at DEA Egypt
    Posted On Mar 20 ,2015 - 03:54-AM | by admin

    The new General Manager for Egypt is Dr Hans-Hermann Ecke, who is responsible for the business of the Egyptian subsidiary of DEA Deutsche Erdoel AG based in Cairo since the beginning of March. “I...

    Petrobras Announce February Oil and natural gas production figures in Brazil
    Posted On Mar 20 ,2015 - 03:00-AM | by admin

    Total oil and natural gas production in Brazil in February 2015 was 2 million 612 thousand boed, down 1.8% from January (2 million 661 thousand boed). Total production operated by Petrobras in Braz...

    SPDC completes sale of oil mining lease 18 in Nigeria
    Posted On Mar 20 ,2015 - 03:53-AM | by admin

    The Shell Petroleum Development Company of Nigeria Limited (SPDC), a subsidiary of Royal Dutch Shell plc (Shell), has completed the assignment of its 30% interest in oil mining lease (OML) 18 and rela...

    Tullow secures an additional US$450 million of capital under its existing credit facilities
    Posted On Mar 20 ,2015 - 03:44-AM | by admin

    Tullow Oil plc (Tullow) announced the following update on its financing and banking arrangements. Tullow and its lending banks have:

      1. completed the six-monthly Reserve Based Len...

    Range Announces Trinidad Operational Update
    Posted On Mar 19 ,2015 - 03:16-PM | by admin

    Range Resources Limited is pleased to provide a Trinidad update with the following highlights: Production increased by 23% from the previous month;

       Testing on two wells in the South Quar...

    Tower Resources provides corporate update
    Posted On Mar 19 ,2015 - 03:31-PM | by admin

    Tower Resources plc (the “Company” or “Tower” (TRP.L, TRP LN)), the AIM-listed Africa-focussed oil and gas exploration company, provides the following corporate update with respect to activity...

    100,000 Layoffs and Counting: Is this the New Normal?
    Posted On Mar 19 ,2015 - 03:36-PM | by admin

    This time a year ago, the oil industry's biggest problem was finding a way to deal with the "retirement tsunami" about to crash down on it as older oilfield workers hung up their cork boots to enjoy f...

    Statoil presents annual and sustainability reports for 2014
    Posted On Mar 19 ,2015 - 03:17-PM | by admin

    Statoil (OSE:STL, NYSE: STO) is presenting the annual and sustainability reports for 2014 today, 19 March, together with the new payments to governments report. "In 2014 we continued to deliver sol...

    Gulf of Mexico lease sale 235
    Posted On Mar 19 ,2015 - 03:07-AM | by admin

    Statoil adds acreage in the Gulf of Mexico Central Lease Sale Statoil announced that it successfully bid on 14 leases in the U.S. Department of the Interior’s central region Gulf of Mexico lea...

    IMF Staff Concludes the 2015 Article IV Mission for Iraq
    Posted On Mar 19 ,2015 - 03:57-AM | by admin

    An International Monetary Fund (IMF) mission led by Carlo Sdralevich visited Amman from March 6–15 to conduct the 2015 Article IV Consultation discussions with the Iraqi authorities. At the conc...

    EIA Introduce New data tool that combines easily updatable energy and economic data in Microsoft Excel spreadsheets
    Posted On Mar 19 ,2015 - 03:10-AM | by admin

    The EIA data add-in for Microsoft Excel for Windows builds on the well-known Federal Reserve Economic Data (FRED) add-in from the Federal Reserve Bank of St. Louis. It allows users to update their sav...

    Neste Oil's renewable diesel to be sold at Propel Fuel stations in California
    Posted On Mar 18 ,2015 - 03:51-PM | by admin

    California based Propel Fuels has launched California's most advanced low carbon diesel fuel called Diesel HPR (High Performance Renewable) at its retail stations. Diesel HPR contains 98.5% Neste Oil'...

    Gas Discovery in the Snefrid Nord prospect
    Posted On Mar 18 ,2015 - 03:51-AM | by admin

    Operator Statoil has together with PL218 partners made a gas discovery in the Snefrid Nord prospect in the Norwegian Sea. The discovery is an important contribution to the Aasta Hansteen field develop...

    Knarr’s oil discovery contributes to DEA’s growth
    Posted On Mar 18 ,2015 - 03:00-AM | by admin

    The Knarr oil and gas field went into production 16 March. The discovery was made in 2008, two years after the license was awarded. The field has gross recoverable reserves of around 80 million barrel...

    BG Group Annouce first oil from the Knarr field in Norway
    Posted On Mar 18 ,2015 - 03:12-AM | by admin

    BG Group (LSE: BG.L), a world leader in exploration and LNG, announced the Petrojarl Knarr floating production, storage and offloading (FPSO) vessel had started production from the Knarr oil field in ...

    Statoil awarded new exploration acreage
    Posted On Mar 18 ,2015 - 03:17-AM | by admin

    Statoil was awarded new exploration acreage through the Aru Trough I licence offshore Indonesia. The licence covers an area of approximately 8,300 square kilometres, adjacent to Statoil’s existing ...

    ConocoPhillips Provides 2015 to 2017 Capital Budget and Growth Outlook
    Posted On Mar 17 ,2015 - 03:01-PM | by admin

    ConocoPhillips (NYSE: COP) announced its 2015 to 2017 capital budget and growth outlook. Details of the 2015 to 2017 plan will be reviewed at the company's upcoming Analyst and Investor Meeting on Apr...

    African Petroleum Give Update on Upgraded Prospective Resources in Senegal and The Gambia
    Posted On Mar 17 ,2015 - 03:29-PM | by admin

    African Petroleum, announced an update to its prospective oil resources at its 90% owned and operated Senegal Offshore Sud Profond and Rufisque Offshore Profond licence blocks in Senegal and its 100% ...

    Circle Oil Plc Announce Operating Update on Morocco Sebou Permit -Exploration Well KAB-1bis
    Posted On Mar 17 ,2015 - 03:20-PM | by admin

    Circle Oil Plc (AIM: COP), the Middle East and North Africa focused oil and gas exploration, development and production company, provides the following information on the drilling of the KAB-1bis wel...

    Sound Oil plc Announce EIA Approval
    Posted On Mar 17 ,2015 - 03:25-PM | by admin

    Sound Oil, the European / Mediterranean focused upstream oil and gas company, announced the approval of the Environmental Impact Assessment ("EIA") for the Badile exploration well from the Lombardy Re...

    Bowleven Announce Etinde Farm-Out Completed
    Posted On Mar 17 ,2015 - 03:07-PM | by admin

    Bowleven, the Africa focused oil and gas exploration group traded on AIM, announced the completion of the Etinde farm-out transaction and to confirm receipt of the initial $165 million cash proceeds (...

    From Shale Boom to Water Revolution in Texas
    Posted On Mar 17 ,2015 - 03:45-PM | by admin

    Texas is famous the world over for two things on a massive scale: oil and droughts. Now the slick but dry state is becoming famous for water: that precious element that both resolves the drought probl...

    Shell signs agreement with Alimentation Couche-Tard Inc.
    Posted On Mar 17 ,2015 - 03:15-AM | by admin

    Shell has reached agreement with Couche-Tard for the sale of its marketing operations in Denmark, comprising retail, commercial fleet, commercial fuels, aviation and connected trading & supply product...

    Update on Platform P-61 in Papa Terra field, Brazil
    Posted On Mar 16 ,2015 - 03:37-PM | by admin

    Petróleo Brasileiro S.A. – Petrobras announces the start-up of platform P-61 in Papa Terra field, in the southern tip of Campos Basin, 110km off the coast of Brazil and at a water depth (distance b...

    Eni Announce new successes in the exploration activities in Indonesia and Libya
    Posted On Mar 16 ,2015 - 03:49-PM | by admin

    Eni has completed post drilling studies on the Merakes-1 gas finding, located in the Indonesia deep offshore East Sepinggan Block, which indicates significant upside gas potential. Eni is the operat...

    KUFPEC Awarded New Exploration License in Pakistan
    Posted On Mar 16 ,2015 - 03:34-AM | by admin

    KUFPEC signed an Exploration License and Petroleum Concession Agreement with the Government of the Islamic Republic of Pakistan awarding KUFPEC exploration rights in the Paharpur Block in Pakistan. Th...

    Johan Sverdrup contract for power supply from shore awarded to ABB
    Posted On Mar 16 ,2015 - 03:46-AM | by admin

    Statoil has, on behalf of the Johan Sverdrup partnership, awarded a contract to ABB for land-based power supply to phase 1 of the Johan Sverdrup field development. The contract value is around NOK ...

    Eni signs a framework agreement for the development of Egypt's oil and gas resources
    Posted On Mar 16 ,2015 - 03:28-AM | by admin

    The Egyptian Minister of Petroleum and Mineral Resources, Sherif Ismail, signed a Head of Agreement with Eni’s CEO, Claudio Descalzi, aimed at the development of the oil and gas resources of the Co...

    ICAP and CME Group tap The Beast Apps Group to Deliver RapidRV™ Market Data and Analytics Tool
    Posted On Mar 13 ,2015 - 03:24-PM | by admin

    ICAP Information Services (IIS), the information division of ICAP Plc (IAP.L), and CME Group, the world's leading and most diverse derivatives marketplace, have partnered with The Beast Apps Group to...

    TOTAL S.A. Announce 2015 capital increase reserved for employees: subscription price set
    Posted On Mar 13 ,2015 - 03:09-PM | by admin

    At its meeting on July 29, 2014, the Board of Directors of TOTAL S.A. decided to proceed, before the Shareholders’ Meeting of May 29, 2015, with a capital increase reserved for employees and retiree...

    Eni Unveils 2015-2018 Strategic Plan
    Posted On Mar 13 ,2015 - 03:53-PM | by admin

    Transforming Eni to Create Value Claudio Descalzi, Eni’s CEO, presented the Company’s 2015-2018 Strategic Plan to the financial community. Main targets • E&P: continued...

    Afren Announce Preliminary agreement for interim funding and refinancing structure
    Posted On Mar 13 ,2015 - 03:18-PM | by admin

    Afren plc (“Afren”, the “Company” or the “Group”), (LSE: AFR) has reached an agreement in principle to address its short and longer-term funding needs and recapitalise its capital structur...

    North American Energy Revolution
    Posted On Mar 13 ,2015 - 03:39-PM | by admin

    Sound Policies Needed To Continue North American Energy Revolution, says ExxonMobil CEO The U.S. government needs to adjust its energy policies to ensure that America can realize all the benefits ...

    Eni's 2014 Consolidated Financial Statements
    Posted On Mar 12 ,2015 - 03:16-PM | by admin

    The Board of Directors approved Eni’s consolidated financial statements and the separate draft financial statements of the parent company for the year ending December 31, 2014. Consolidated net prof...

    ExxonMobil Resumes Drilling at Point Thomson
    Posted On Mar 12 ,2015 - 03:24-PM | by admin

    ExxonMobil announced that it has resumed drilling at Point Thomson on Alaska’s North Slope as construction continues toward bringing the initial production system online. “The Point Thomson fie...

    Sterling Resources Announce Update on Breagh field operations and Cladhan field
    Posted On Mar 12 ,2015 - 03:41-PM | by admin

    Sterling Resources Ltd. (TSX-V: SLG) (“Sterling” or the “Company”) announces an update on Breagh field operations and Cladhan field development, reserves and valuation. Breagh

    Azonto Petroleum Limited Announces Relinquishment of Offshore Accra Block, Ghana
    Posted On Mar 12 ,2015 - 03:54-PM | by admin

    Azonto Petroleum Limited announces that, as a result of a continued strategic review of its operations and prolonged discussions with the government of Ghana and potential partners with regard to ongo...

    Horn Petroleum Announces New Strategy
    Posted On Mar 12 ,2015 - 03:59-PM | by admin

    Board and Management Changes and Proposal of a Private Placement Financing Horn Petroleum Corporation ("Horn" or the "Company") (TSX VENTURE:HRN) announces that it has invoked a new corporate strat...

    Husky Energy Begins Oil Production at the Sunrise Energy Project
    Posted On Mar 12 ,2015 - 03:21-PM | by admin

    Husky Energy has started oil production at the Sunrise Energy Project in northern Alberta. “Sunrise is the latest in a series of resilient, low sustaining capital projects to come online from our...

    Petrobras starts-up Early Production System on Búzios field in Transfer of Rights area
    Posted On Mar 12 ,2015 - 03:05-PM | by admin

    Petrobras announces the start-up of the early production system at Búzios Field, Santos Basin, on Tuesday (3/10). This will be the first large scale and longest-running production at the Transfer...

    McDermott Awarded Initial Work for the Marjan Gas Oil Separation Plant (GOSP’s) Power Supply Generation System Offshore Saudi Arabia
    Posted On Mar 12 ,2015 - 03:19-PM | by admin

    McDermott Middle East, Inc. (NYSE:MDR) (“McDermott”) announced that it has been awarded initial work for a significant power supply system replacement contract by Saudi Aramco for the Marjan field...

    Everyone Is Guessing When It Comes To Oil Prices
    Posted On Mar 12 ,2015 - 03:31-PM | by admin

    Predicting and diagnosing the trajectory of oil prices has become something of a cottage industry in the past year. But along with all of the excess crude flowing from the oil patch, there is also an ...

    Tullow Announce Kenya exploration and appraisal update
    Posted On Mar 12 ,2015 - 03:35-AM | by admin

    Tullow Oil plc (Tullow) provides an update on exploration and appraisal activities in onshore Kenya Block 10BB, 13T and Block 10BA. Engomo-1 exploration well The Engomo-1 exploration well in ...

    Consumers Winning With Low Oil Prices, For Now
    Posted On Mar 12 ,2015 - 03:40-AM | by admin

    Lest we be too quick to forget whence we came, America is now 9-months into lower gasoline prices, which started their swoon the week of June 30, 2015 from a lofty national average just under $3.70, t...

    African Petroleum Releases its 2014 Audited Financial Statements
    Posted On Mar 12 ,2015 - 03:34-AM | by admin

    African Petroleum Corporation, an independent oil and gas exploration company operating ten licences in five countries offshore West Africa, releaseD its Audited Financial Statements for the year ende...

    There Is A Strong Demand For Oil & Gas Recruits Says Oilandgasjobsregister.com
    Posted On Mar 12 ,2015 - 03:15-AM | by admin

    Will This High Quality Job Board Answer This Demand? At a crucial time in the Oil and Gas sector will a new specialist job board benefit employers in solving their skills shortage? The staff of Oi...

    RAK Petroleum Reports Côte d'Ivoire Discovery
    Posted On Mar 10 ,2015 - 03:39-PM | by admin

    RAK Petroleum plc, the Oslo-listed oil and gas investment company, announced that the Marlin North-1 well drilled by Foxtrot International LDC offshore Côte d'Ivoire flowed gas and o...

    Oando announce completion of all civil and pipeline works associated with the Qua Iboe field
    Posted On Mar 10 ,2015 - 03:38-PM | by admin

    Oando Energy Resources Inc. (“OER”) (TSX: OER), announced the completion of all civil and pipeline works associated with the Qua Iboe field, and associated crude delivery and sales infrastructure,...

    Qinhuangdao 32-6 Comprehensive Adjustment Project Starts Production
    Posted On Mar 10 ,2015 - 03:28-PM | by admin

    CNOOC Limited, NYSE: CEO, SEHK: 00883, TSX: CNU) announced that its Qinhuangdao 32-6 comprehensive adjustment project has commenced production. The Qinhuangdao 32-6 oilfield is located at the centr...

    Cairn Energy PLC's Preliminary Results Announcement
    Posted On Mar 10 ,2015 - 03:45-PM | by admin

    Group net cash at 31 December 2014 of US$869m Seven year Reserve Based Lending bank facility of up to US$575m remains undrawn Cairn is currently unable to access the value of its 10% residual sh...

    Premier Gives Update on Pelikan field, offshore Indonesia
    Posted On Mar 10 ,2015 - 03:45-PM | by admin

    Premier is pleased to announce that gas production from the Pelikan field in the Natuna Sea Block A offshore Indonesia commenced on 9 March 2015. This follows first gas from the Naga field, also on Na...

    DEA Goes ahead with West Nile Delta project
    Posted On Mar 10 ,2015 - 03:20-PM | by admin

    DEA Deutsche Erdoel AG is pleased to contribute significantly to Egypt’s security of energy supply. The final agreements to develop 5 trillion cubic feet of gas resources had been signed. The West N...

    Chevron Reaffirms Strategies, Financial Priorities and Growth Outlook
    Posted On Mar 10 ,2015 - 03:20-PM | by admin

    Chevron Corporation (NYSE: CVX) executives, at the company's annual security analyst meeting in New York, expressed confidence in the long-term energy business and highlighted its growth outlook throu...

    Ashen Geologic Selects Paradigm Geolog formation evaluation suite for borehole imaging and interpretation
    Posted On Mar 09 ,2015 - 03:56-PM | by admin

    ParadigmR announced that Ashen Geologic Consulting Services has selected the ParadigmR GeologR formation evaluation software suite as its standard application for well log and petrophysical analysis, ...

    Bowleven plc Provides Group Operational Update
    Posted On Mar 09 ,2015 - 03:08-PM | by admin

    Bowleven, the Africa focused oil and gas exploration group traded on AIM, announces an update on its operational activities, onshore Cameroon and Kenya. Bomono Permit, Cameroon Dr...

    Statoil orders new emergency vessel for the Mariner field
    Posted On Mar 09 ,2015 - 03:41-PM | by admin

    Statoil (U.K.) Limited has awarded a contract to Sentinel Marine Limited to provide a new multi role Emergency Response & Rescue Vessel (ERRV) to support operations on the Mariner field on the UK Cont...

    Neste Oil's Engine Laboratory has tested fuels for 40 years
    Posted On Mar 09 ,2015 - 03:38-PM | by admin

    Neste Oil's Engine Laboratory for fuel testing and development is now 40 years old. The Engine Laboratory locates in the Porvoo refinery area and it has ensured top quality and developed increasingly ...

    New timeline for Johan Castberg and Snorre 2040
    Posted On Mar 06 ,2015 - 03:23-PM | by admin

    The licensees in the Johan Castberg and Snorre 2040 licences have decided to spend more time on the projects. “Castberg and Snorre 2040 are two major and important projects in our portfolio, and ...

    Tap Oil's strategic review of asset portfolio
    Posted On Mar 06 ,2015 - 03:23-PM | by admin

    As stated in the 31 December 2014 quarterly report of Tap Oil Limited (ASX: TAP) and its financial results released on 27 February 2015, Tap is reviewing its business and asset base in order to respon...

    Polarcus awarded broadband 3D seismic acquisition project in Egypt
    Posted On Mar 05 ,2015 - 03:38-AM | by admin

    Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) announced that the Company has received an award from an undisclosed client for a 3D marine seismic project offshore Egypt utilizing Polarcus...

    Northern Petroleum Announce Onshore Italian permit farm out to Shell
    Posted On Mar 05 ,2015 - 03:09-AM | by admin

    Northern Petroleum, the AIM quoted oil company focusing on production led growth, announces that its wholly owned subsidiary, Northern Petroleum (UK) Limited, has signed a farm out agreement, which in...

    Hess Announces Regular Quarterly Dividend On Common Stock
    Posted On Mar 05 ,2015 - 03:38-AM | by admin

    The Board of Directors of Hess Corporation (NYSE:HES) declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on March 31, 2015 to holders of record...

    Top Employer Global 2015
    Posted On Mar 05 ,2015 - 03:12-AM | by admin

    Technip is one of the first five companies to be certified Global Top Employers 2015 Technip has been certified as one of the first five companies in the world as a Top Employer Global 2015. The ...

    Neste Oil Corporation's disposal of own shares based on the share-based incentive plan
    Posted On Mar 05 ,2015 - 03:05-AM | by admin

    A total of 198,303 treasury shares of Neste Oil Corporation have been on 5th of March 2015 conveyed without consideration to the key persons participating in the share-based incentive plan 2010 accord...

    Total Expands into Plastics for Automotive Solutions
    Posted On Mar 05 ,2015 - 03:38-AM | by admin

    Total acquired a majority 68% interest in Germany's Polyblend, which manufactures polymer plastics intended primarily for the automotive industry. The transaction is aligned with the Group's strategy ...

    Maersk Drilling secures contract in Ghana
    Posted On Mar 04 ,2015 - 03:48-PM | by admin

    Maersk Drilling has been awarded a contract from eni Ghana Exploration and Production Ltd., an eni subsidiary, for employment of the newbuild drillship Maersk Voyager. The firm contract period is 3.5 ...

    Energean commences new investment programme in Egypt
    Posted On Mar 04 ,2015 - 03:59-PM | by admin

    Energean Oil & Gas, the international oil & gas exploration and production company focused on the Mediterranean and North Africa, is launching a new 6-million-dollar investment programme in Egypt, aim...

    Crude Oil Hedge helps Oando Energy Resources prepay debt
    Posted On Mar 04 ,2015 - 03:29-PM | by admin

    Oando Energy Resources Inc. (“OER” or the “Company”) (TSX: OER), a company focused on oil and gas exploration and production in Nigeria, announced a $238 Million prepayment of certain loan fac...

    Bowleven plc Issues Group Operational Update
    Posted On Mar 04 ,2015 - 03:55-PM | by admin

    Bowleven, the Africa focused oil and gas exploration group traded on AIM, announces an update on its operational activities, onshore Cameroon and Kenya. Bomono Permit, Cameroon Dr...

    Circle Oil Updates on Shisr-1 well Block 49, Onshore Oman
    Posted On Mar 04 ,2015 - 03:52-PM | by admin

    Circle Oil Plc (AIM: COP), the Middle East and North Africa focused oil and gas exploration, development and production company, provides the following information on the Company's activities in Oman....

    ExxonMobil Adds New Production
    Posted On Mar 04 ,2015 - 03:15-PM | by admin

    Exxon Mobil Corporation (NYSE:XOM) expects to start up 16 major oil and natural gas projects during the next three years and is on track to increase daily production to 4.3 million oil-equivalent barr...

    First-Ever Physically Delivered Crude Oil Storage Futures Contract
    Posted On Mar 04 ,2015 - 03:50-PM | by admin

    CME Group, LOOP and NEO Markets Reach Definitive Agreement to Develop First-Ever Physically Delivered Crude Oil Storage Futures Contract CME Group, the world's leading and most diverse derivatives ...

    Total Publishes the Full List of its Consolidated Entities
    Posted On Mar 04 ,2015 - 03:09-PM | by admin

    Total has disclosed the full list of its 903 consolidated entities. The list, which is available online at total.com, will be included in Total's 2014 Registration Document. It replaces the list of th...

    Mart Resources Announce Non Binding Letter of Intent For Sale of Company
    Posted On Mar 04 ,2015 - 03:53-PM | by admin

    Mart Resources, Inc. (TSX: MMT) (“Mart” or the “Company”) announced that it has entered into a letter of intent (the “Letter of Intent”) with Midwestern Oil and Gas Company Limited, the op...

    World's largest producer of renewable fuels from waste and residues
    Posted On Mar 04 ,2015 - 03:20-AM | by admin

    Over the last few years, Neste Oil has become the world's largest producer of renewable fuels from waste and residues. In 2014, the company produced nearly 1.3 million tonnes (1.6 billion liters) of r...

    Here's What Will Send Oil Prices Back Up Again
    Posted On Mar 04 ,2015 - 03:01-AM | by admin

    Oil's rapid decline since August of last year has been dramatic. To listen to some commentators you would also think it is unprecedented and irreversible. Those claiming that oil will continue to fall...

    Fleming Gulf Conferences announces forum to address Offshore Safety in Norway
    Posted On Mar 04 ,2015 - 03:54-AM | by admin

    The 2nd Offshore Safety and Risk Forum 2015 will focus on the importance of people and process to ensure offshore safety. The Norwegian offshore oil and gas industry has been considered as one of t...

    Anadarko Announces 2015 Capital Program And Guidance
    Posted On Mar 03 ,2015 - 03:03-PM | by admin

    Anadarko Petroleum Corporation (NYSE: APC) today announced its 2015 initial capital expectations and guidance, concurrent with its 2015 Investor Conference Call. 2015 INVESTOR CONFERENCE CA...

    CME Group Volume Averaged 15.8 Million Contracts per Day in February 2015,
    Posted On Mar 03 ,2015 - 03:41-PM | by admin

    Up 13 Percent from February 2014 CME Group, the world's leading and most diverse derivatives marketplace, today announced that February 2015 volume averaged 15.8 million contracts per day, up 13 perc...

    Union Jack Oil Provides Update on Wressle-1 Well Testing
    Posted On Mar 03 ,2015 - 03:53-AM | by admin

    Union Jack Oil plc ("Union Jack" or "the Company"), an onshore oil and gas exploration company with a focus on drilling, development and investment opportunities in the United Kingdom hydrocarbon sect...

    Shell announces Scrip Dividend Programme in 2015
    Posted On Mar 03 ,2015 - 03:30-AM | by admin

    Royal Dutch Shell plc (“Shell”) today announces that it intends to offer the option for shareholders to receive dividends in cash or in shares via a Scrip Dividend Programme (the “Programme”) ...

    Technip awarded major contract to supply high technological flexible pipes for Lula Alto pre-salt field
    Posted On Mar 02 ,2015 - 03:55-PM | by admin

    Technip was awarded a major(1) contract from Tupi BV, a consortium composed of Petrobras Netherland BV (PNBV, 65%), BG (25%) and Galp (10%), for the ongoing development of the Lula Alto field, located...

    Total's Young Graduate Programme in Africa and the Middle East
    Posted On Mar 02 ,2015 - 03:18-PM | by admin

    Total founded the Young Graduate Programme in April 2014 – an innovative initiative aimed at young graduates from more than 40 of the countries in Africa and Middle East in which we operate. The pro...

    Lord Browne Appointed Executive Chairman of L1 Energy
    Posted On Mar 02 ,2015 - 03:49-PM | by admin

    The LetterOne Group announced that Lord Browne of Madingley is appointed Executive Chairman of L1 Energy with immediate effect. LetterOne is an international investment firm with total assets of a...

    Afren Issues Further Update on the Review of Its Capital Structure
    Posted On Mar 02 ,2015 - 03:08-PM | by admin

    Afren plc (“Afren” or the “Company”) provides an update regarding the review of its capital structure, liquidity and funding requirements. Further to its previous announcements, Afren has o...

    LetterOne and RWE complete transaction
    Posted On Mar 02 ,2015 - 03:41-AM | by admin

    The LetterOne Group and RWE AG today completed RWE’s sale of RWE Dea AG to LetterOne. In January, both parties had announced their plans to complete the transaction at the beginning of this month. T...

    Rose announces its increased land position within both the Paradox and Uinta Basins
    Posted On Mar 02 ,2015 - 03:55-AM | by admin

    Rose Petroleum plc, the AIM-listed (Ticker: ROSE) natural resources company, is pleased to announce that it has increased its land position within both the Paradox and Uinta Basins. The Company ha...

    Tethys Announce MOU signed with PetroChina
    Posted On Mar 02 ,2015 - 03:25-AM | by admin

    Tethys Petroleum Limited ("Tethys" or the "Company") (TSX:TPL) (LSE:TPL) announced that it has signed a Memorandum of Understanding ("MOU") with PetroChina International Kazakhstan Ltd ("PetroChina") ...

    Tullow Issues Ghana and Côte d’Ivoire Maritime Boundary Arbitration Update
    Posted On Mar 02 ,2015 - 03:02-AM | by admin

    Tullow Oil plc (Tullow) announces that it has been advised by the Government of Ghana that the Government of Côte d'Ivoire has applied for provisional measures to be ordered in Ghana's maritime bound...

    Oil and Gas Cyber Security 2015
    Posted On Mar 02 ,2015 - 03:58-AM | by admin

    North America gets ready for Oil and Gas Cyber Security 2015: leading cyber security experts to meet in Houston in May. The FBI, Chevron Information, State of Texas, Newfield Exploration Company, NO...

    Transocean Ltd. Reports Fourth Quarter And Full Year 2014 Results
    Posted On Feb 27 ,2015 - 02:41-PM | by admin

    Transocean Ltd. (NYSE: RIG) (SIX: RIGN) reported a net loss attributable to controlling interest for the three months ended December 31, 2014 of $739 million, or $2.04 per diluted share. Fourth quarte...

    Repsol posts net income of 1.612 billion euros
    Posted On Feb 27 ,2015 - 02:30-PM | by admin

    Repsol posted net income in 2014 of 1.612 billion euros, supported by the strength of its integrated business model. This result represents a 724% increase over the 195 million euros registered in 201...

    Songa Offshore SE Give Notice of Extraordinary General Meeting
    Posted On Feb 27 ,2015 - 02:00-PM | by admin

    Songa Offshore SE (the "Company") has today issued notice of an extraordinary general meeting in connection with the approval of the extension of the authority to the Board of Directors to allot and i...

    Shell updates on planned maintenance at Pearl GTL, Qatar
    Posted On Feb 27 ,2015 - 02:20-AM | by admin

    Royal Dutch Shell plc (“Shell”) updated today that the Pearl gas-to-liquids (GTL) plant, in Qatar has entered planned maintenance in February 2015. Pearl GTL comprises two identical GTL ‘trains...

    Development plan for Peregrino Phase II submitted
    Posted On Feb 27 ,2015 - 02:10-AM | by admin

    Following the sanction of the Peregrino phase 2 project in December, Statoil together with its partner Sinochem submitted the Plan of Development (PoD) to the National Agency of Petroleum, Natural Gas...

    Continental Resources Reports Fourth Quarter 2014 and Full-Year 2014 Results
    Posted On Feb 26 ,2015 - 02:10-PM | by admin

    Fourth Quarter Adjusted Net Income Totals $420.8 Million, or $1.14 per Diluted Share Fourth Quarter EBITDAX of $1.19 Billion Brings Full-Year 2014 EBITDAX to $3.78 Billion Continental Resources, I...

    Canadian Overseas Petroleum Limited Joint Venture With Shoreline Energy International
    Posted On Feb 26 ,2015 - 02:22-PM | by admin

    Canadian Overseas Petroleum Limited ("COPL" or "the Company") (TSX VENTURE: XOP) (LSE: COPL), the offshore Africa focussed oil and gas exploration and development company, is pleased to announce deta...

    Eni signs two agreements with the Government of the Republic of Congo
    Posted On Feb 26 ,2015 - 02:32-PM | by admin

    Eni today confirms its historical commitment in Congo with the signature of two agreements at Palazzo Chigi, underwritten by Eni’s CEO Claudio Descalzi in the presence of the President of the Republ...

    Statoil awards Mariner supply base and warehousing contracts to Asco
    Posted On Feb 26 ,2015 - 02:30-AM | by admin

    Statoil (U.K.) Limited has on behalf of the Mariner co-venturers awarded the contracts for supply base and warehousing services for the Mariner field to Asco UK Limited. Asco is an international o...

    Petrofac Release Final Results for the Year Ended 31 December 2014
    Posted On Feb 25 ,2015 - 02:36-PM | by admin

    Revenue of US$6.2 billion (2013: US$6.3 billion) EBITDA(1)(3) of US$935 million (2013: US$1,031 million) Net profit(2)(3) of US$581 million (2013: US$650 million), consistent with our previous gui...

    Petrofac and McDermott Sign MOU
    Posted On Feb 25 ,2015 - 02:44-PM | by admin

    Petrofac, the international oil and gas facilities service provider, has entered into a Memorandum of Understanding (MoU) with offshore engineering, procurement, construction and installation (EPCI) c...

    Roman Abramovich Invests $15M In New US Fracking Technology
    Posted On Feb 25 ,2015 - 02:17-PM | by admin

    Are the Russians coming to Texas riding the tailwinds of fracking? That depends on who you ask, as some believe Russian forces were behind the anti-fracking vote in Denton, while a $15 million investm...

    Gulf Keystone Petroleum Announce Strategic Update
    Posted On Feb 25 ,2015 - 02:11-AM | by admin

    Further to the Company's RNS of 6 February 2015, Gulf Keystone, the operator of the world class Shaikan field in the Kurdistan Region of Iraq, is announcing today that it has recently engaged in discu...

    Aminex Gets approval to sell 13% of Interest in Kiliwani North Development Licence
    Posted On Feb 25 ,2015 - 02:52-AM | by admin

    Aminex notified shareholders that it has received formal approval from the Tanzanian Authorities to sell up to 13% of its interest in Kiliwani North Development Licence (“KNDL”) to Solo Oil plc (...

    Jupiter Energy Announce Well 19 drilling update
    Posted On Feb 25 ,2015 - 02:17-AM | by admin

    The Board of Jupiter, the Kazakhstan-focused oil exploration and production company,quoted on AIM (“JPRL”), ASX (“JPR”) and KASE (“AU_JPRL”), provided shareholders with the following well...

    San Leon Energy Announces Rawicz Commercial Gas Discovery
    Posted On Feb 25 ,2015 - 02:30-AM | by admin

    San Leon Energy plc (“the Company” or “San Leon”), the AIM listed company focused on oil and gas exploration in Europe and North Africa, announces highly positive well test results for Rawicz-...

    Emerson releases new PAINE 226-30-0020 Series CANopen® Submersible Differential Transmitter.
    Posted On Feb 25 ,2015 - 02:18-AM | by admin

    Emerson (NYSE: EMR) announced the release of the new PAINE 226-30-0020 Series Transmitter. Designed specifically for remote submersible applications, the new PAINE 226-30-0020 Series meets the require...

    ExxonMobil's “Introduce a Girl to Engineering” program
    Posted On Feb 25 ,2015 - 02:50-AM | by admin

    ExxonMobil is encouraging girls to consider science, technology, engineering and math (STEM) careers through the 12th-annual Introduce a Girl to Engineering Day program to be held at 14 ExxonMobil and...

    The Easy Oil Is Gone So Where Do We Look Now?
    Posted On Feb 25 ,2015 - 02:31-AM | by admin

    In 2008, Canadian economist Jeff Rubin stunned the oil market with a bold prediction: With the world economy growing at 5 percent a year, oil demand would grow with it, outpacing supply, thus lifting ...

    Is Oil Returning To $100 Or Dropping To $10?
    Posted On Feb 24 ,2015 - 02:05-AM | by admin

    If you have been following the price of oil over the last few months, the chances are you're a little confused. On the one hand you have the likes of A. Gary Shilling who, in this Bloomberg article, l...

    Johan Sverdrup contract awarded to Aibel
    Posted On Feb 24 ,2015 - 02:04-AM | by admin

    Statoil, on behalf of the Johan Sverdrup partnership, will sign a contract with Aibel for the construction of the deck for the drilling platform on the field. The contract is worth in excess of NOK 8 ...

    Technip awarded subsea contract for the Glenlivet project, West of Shetlands, UK
    Posted On Feb 24 ,2015 - 02:03-AM | by admin

    Building on the previous award by Total E&P UK of the contract for the Edradour Subsea Development, located approximately 75 km North West of Shetlands in the UK waters, Technip has been awarded an ad...

    Paradigm selected by Great Plains Well Logging
    Posted On Feb 24 ,2015 - 02:27-AM | by admin

    Paradigm announced that Great Plains Well Logging, Inc. has selected the Paradigm(r) Geolog(r) formation evaluation software suite as its corporate standard for petrophysical analysis, replacing a com...

    ExxonMobil 2014 Reserves Replacement Totals 104 Percent
    Posted On Feb 23 ,2015 - 02:45-PM | by admin

    Exxon Mobil Corporation (NYSE:XOM) announced it replaced 104 percent of its 2014 production by adding proved oil and gas reserves totaling 1.5 billion oil-equivalent barrels, including a 162 percent r...

    Gulfsands Announce Gas Discovery at DOB-1 Exploration Well
    Posted On Feb 23 ,2015 - 02:20-AM | by admin

    Gulfsands Petroleum plc ("Gulfsands", the "Group" or the "Company" - AIM: GPX), the oil and gas production, exploration and development company with activities in Syria, Morocco, Tunisia and Colombia ...

    Tower gives update on Badada-1 well, Block-2B, onshore Kenya
    Posted On Feb 23 ,2015 - 02:20-AM | by admin

    Tower Resources plc (the “Company” or “Tower” (TRP.L, TRP LN)), the AIM-listed Africa-focussed oil and gas exploration company, provides the following update with respect to the Badada-1 well,...

    Europa Oil & Gas Announce Commencement of Drilling at Kiln Lane Prospect, onshore UK
    Posted On Feb 23 ,2015 - 02:31-AM | by admin

    Europa Oil & Gas (Holdings) plc, the AIM quoted oil and gas exploration and development company with a combination of producing and exploration assets in Europe, announced its Kiln Lane -1 conventiona...

    Statoil Announce Oseberg Delta 2 is on stream
    Posted On Feb 23 ,2015 - 02:17-AM | by admin

    On 21 February Statoil and its partners started up production from Oseberg Delta 2 in the North Sea. The field’s recoverable reserves are estimated at 77 million barrels oil equivalent. The fiel...

    Jazan Economic Forum
    Posted On Feb 20 ,2015 - 02:11-PM | by admin

    Jazan City, in the south-western Province of Jazan in Saudi Arabia, will host the Jazan Economic Forum on February 25-26, 2015 to discuss the investment opportunities and development ...

    Schlumberger Introduces Industry-First Fully Dissolvable Plug-and-Perf System
    Posted On Feb 20 ,2015 - 02:43-PM | by admin

    Schlumberger announced the release of the Infinity* dissolvable plug-and-perf system. This unique solution uses fully degradable fracture balls and fully degradable seats instead of plugs to isolate z...

    ARKeX Completes Multi-Client FTG Survey over Southern Trinidad
    Posted On Feb 20 ,2015 - 02:10-PM | by admin

    ARKeX, the global geophysical services provider, has completed a multi-client airborne Full Tensor Gravity Gradiometry (FTG) survey over the entirety of the onshore Southern Basin of Trinidad. The sur...

    Santos Announce 2014 full-year underlying profit up 6 percent
    Posted On Feb 20 ,2015 - 02:54-AM | by admin

    Santos today announced a 2014 underlying net profit of $533 million, up 6 per cent on the previous year. After the previously advised non-cash after tax impairments of $1,563 million, the financial...

    UKOG Announce uisition of 40% Interest in Markwells Wood discovery - UK, Weald Basin
    Posted On Feb 20 ,2015 - 02:35-AM | by admin

    The Board of UK Oil & Gas Investments PLC (AIM: UKOG) announced that its fully-owned subsidiary, UKOG (GB) Limited, has signed an agreement with Magellan Petroleum (UK) Limited ("Magellan") to acquire...

    Gazprom confirms productivity of hydrocarbon deposits for El Assel area in Algeria
    Posted On Feb 20 ,2015 - 02:51-AM | by admin

    Gazprom headquarters hosted a meeting between Alexey Miller, Chairman of the Company's Management Committee, Said Sahnoun, President and CEO of Algerian state-owned company Sonatrach and Ali Hashed, A...

    BP Signs Global Agreement with Maersk
    Posted On Feb 20 ,2015 - 02:41-AM | by admin

    BP will offer advanced training programs for its offshore drilling teams under a new global agreement with Maersk Training, further underscoring BP’s commitment to safe and reliable operations. B...

    Oryx Petroleum Announces its Year End 2014 Reserves and Resources
    Posted On Feb 20 ,2015 - 02:52-AM | by admin

    Oryx Petroleum Corporation Limited (“Oryx Petroleum” or the “Corporation”) announced its reserves and resources as at December 31, 2014 as evaluated by Netherland, Sewell & Associates, Inc. (...

    Chariot Announce 2D Seismic Programme Has Commenced In Namibia
    Posted On Feb 20 ,2015 - 02:00-AM | by admin

    Chariot Oil & Gas Limited (AIM: CHAR), the Atlantic margins focused oil and gas exploration company, today announces that in conjunction with its partners AziNam (20%), NAMCOR (10%) and Ignitus (5%), ...

    Technip awarded a substantial contract for a new fertilizer unit in Slovak Republic
    Posted On Feb 20 ,2015 - 02:52-AM | by admin

    Technip was awarded by Duslo a.s. a substantial(1) contract on lumpsum turnkey basis to develop the engineering, procurement and construction (EPC) of a new ammonia production unit in the existing fer...

    LGO Announce Full Tensor Gravity Survey Completion in Trinidad
    Posted On Feb 19 ,2015 - 02:20-PM | by admin

    LGO Energy plc today announces that airborne survey contractor ARKeX Limited ("ARKeX") has now successfully completed the Full Tensor Gravity Gradiometry ("FTG") survey in Trinidad announced by the Co...

    Noble Energy Announces Fourth Quarter And Year-End 2014 Results
    Posted On Feb 19 ,2015 - 02:18-PM | by admin

    Noble Energy, Inc. (NYSE:NBL) announced today fourth quarter 2014 net income of $402 million, or $1.05 per diluted share. Excluding the impact of certain items, which would typically not be considere...

    Noble Energy Provides 2015 Guidance
    Posted On Feb 19 ,2015 - 02:28-PM | by admin

    Noble Energy, Inc. (NYSE: NBL) today announced its 2015 guidance, which includes anticipated capital investments of $2.9 billion and total sales volumes of between 295 and 315 thousand barrels of oil ...

    Aker Solutions Develops Capping Technology to Limit Deepwater Drilling Risks
    Posted On Feb 19 ,2015 - 02:00-PM | by admin

    Aker Solutions delivered the key subsea component for the system being developed by Marine Well Containment Company to limit environmental risks from oil and gas production in the U.S. Gulf of Mexico....

    Union Jack Announce Update on Wressle-1 Well Testing
    Posted On Feb 19 ,2015 - 02:19-PM | by admin

    Union Jack Oil plc ("Union Jack" or "the Company"), an onshore oil and gas exploration company with a focus on drilling, development and investment opportunities in the United Kingdom hydrocarbon sect...

    Why Oil Prices Must Go Up
    Posted On Feb 19 ,2015 - 02:21-PM | by admin

    It may be difficult to look beyond the current pricing environment for oil, but the depletion of low-cost reserves and the increasing inability to find major new discoveries ensures a future of expens...

    Rolls-Royce Holdings plc Release 2014 Full-Year Results
    Posted On Feb 18 ,2015 - 02:57-PM | by admin

    Group Highlights Record order book £73.7 billion up 3% Underlying revenue and profit in line with guidance Free cash flow £254 million (£447 million excluding the divested Energy business)...

    Genie Subsidiary Spuds First Exploratory Well in Northern Israel
    Posted On Feb 18 ,2015 - 02:36-PM | by admin

    Genie Energy Ltd., (NYSE: GNE, GNEPRA), an oil and gas exploration company and retail energy provider, today said that its Afek subsidiary has spudded its first exploratory well in the Golan Heights r...

    New Guinea Energy Gets Government Approval for Sale of 50% Interest in PPL 269
    Posted On Feb 18 ,2015 - 02:45-PM | by admin

    New Guinea Energy Limited (NGE) is pleased to advise shareholders that its wholly owned subsidiary Kirkland Limited (Kirkland), today received notification that the final condition precedent for the s...

    Eni Announces fourth quarter and full year 2014 results
    Posted On Feb 18 ,2015 - 02:25-PM | by admin

    Eni’s Board of Directors approved group results for the fourth quarter and the full year 2014 (unaudited). Financial highlights

      Record cash flow1 over the last six years: €5.37 billion ...

    Technip Announce Fourth Quarter and Full Year 2014 Results
    Posted On Feb 18 ,2015 - 02:28-PM | by admin

    Record order intake and backlog - dividend increased to €2.00 per share1 Highlights Include; 4Q order intake of €3.2 billion takes full year to €15.3 billion Record backlog of €20.9 billion...

    Wood Group Announce Full year results for the year ended 31 December 2014
    Posted On Feb 18 ,2015 - 02:00-PM | by admin

    Growth in 2014 led by performance in Wood Group PSN Production Services Financial Summary Performance in line with expectations and up on 2013 led by strong growth in Wood Group...

    PwC’s ‘Fit for $50 oil in Africa’ analysis
    Posted On Feb 17 ,2015 - 02:19-AM | by admin

    Oil & gas explorers must rethink their capital expenditure on exploration activity across the African continent in the wake of the significant drop in the global oil price, according to an analysis on...

    Sound Oil Announce Nervesa Drilling Authorisation and Commencement of Site Operations
    Posted On Feb 17 ,2015 - 02:34-AM | by admin

    Sound Oil, the European / Mediterranean focused upstream oil and gas company, announced that it has received drilling authorisation for the second well in the Carita licence from the Italian Ministry ...

    Lundin Petroleum spuds exploration well offshore Norway
    Posted On Feb 17 ,2015 - 02:14-AM | by admin

    Lundin Petroleum AB (Lundin Petroleum), through its wholly owned subsidiary Lundin Norway AS (Lundin Norway), announced that drilling of exploration well 16/1-24 in PL338C southwest of the Edv...

    Africa Oil announces private placement of US$125 million
    Posted On Feb 17 ,2015 - 02:13-AM | by admin

    Africa Oil Corp. (TSX:AOI)(OMX:AOI) ("Africa Oil", "AOC" or the "Company") said further to the announcement of February 12, 2015, that the Company has agreed to sell, on a brokered, private placement ...

    Sterling Energy acquires 100% interest in the Ntem Concession, offshore Cameroon
    Posted On Feb 17 ,2015 - 02:04-AM | by admin

    Sterling Energy Plc, the AIM listed oil and gas exploration company (AIM: SEY), announced that its wholly owned subsidiary, Sterling Cameroon Limited (“Sterling”), has signed an agreement with Mur...

    Transocean Ltd. Board Recommends Dividend of $0.60 Per Share
    Posted On Feb 17 ,2015 - 02:08-AM | by admin

    Transocean Ltd. (NYSE: RIG) (SIX: RIGN) announced that the Board of Directors ("the Board") has recommended certain proposals for shareholder approval at the 2015 Annual General Meeting of Shareholder...

    Subsea 7 S.A. awarded contract offshore Australia
    Posted On Feb 16 ,2015 - 02:51-PM | by admin

    Subsea 7 S.A. (Oslo Børs: SUBC: the Company) announced it has been awarded a contract by Woodside Energy Ltd for the Persephone Work Pack 2 Fabrication, Subsea Installation and Diving Services projec...

    Chevron Corporation reaches a settlement agreement with James Russell DeLeon
    Posted On Feb 16 ,2015 - 02:38-PM | by admin

    Principal Financial Backer of Fraudulent Ecuador Litigation Withdraws Support, Settles with Chevron Chevron Corporation (NYSE: CVX) has reached a settlement agreement with James Russell DeLeon, the p...

    Afren Terminates discussions with SEPLAT
    Posted On Feb 16 ,2015 - 02:30-PM | by admin

    On 22 December 2014, Afren plc (“Afren” or the “Company”) announced that it had received a highly preliminary approach from SEPLAT Petroleum Development Company plc ("Seplat") regarding a poss...

    Apache Announces fourth quarter 2014 Results
    Posted On Feb 13 ,2015 - 02:53-PM | by admin

    Apache Corporation (NYSE, Nasdaq: APA) announced a fourth-quarter 2014 net loss of $4.8 billion or $12.78 per diluted common share, primarily as a result of after-tax, non-cash charges totaling $5.2 b...

    Marco Bardazzi appointed as the new Director of External Communication At Eni
    Posted On Feb 12 ,2015 - 02:33-PM | by admin

    Eni is strengthening the communication of its global activities, focusing on the innovation opportunities offered by digital technology in order to make its relationships with stakeholders, media and ...

    Oil's Survival Of The Fittest: Interview With Stan Szary
    Posted On Feb 12 ,2015 - 02:50-PM | by admin

    With crude oil prices collapsing and small American oil producers faced with grim choices for survival, the Darwinian nature of commodity market cycles rears its head, dictating that only the fittest ...

    Aker Solutions ASA Announce Fourth-Quarter Results 2014
    Posted On Feb 13 ,2015 - 02:34-PM | by admin

    Aker Solutions revenue rose 21 percent to NOK 9.2 billion in the fourth quarter of 2014 from a year earlier, helped by strong progress on major projects across the global business. Earnings before int...

    Libra Consortium completes drilling and testing of first well
    Posted On Feb 12 ,2015 - 02:49-PM | by admin

    Petrobras informs that the Libra Consortium has completed the drilling and testing of the first appraisal well in the Libra area, 3-BRSA-1255-RJS (3-RJS-731), informally known as NW1. Located in ...

    Dana completes drilling in licence 12/06 in Danish North Sea
    Posted On Feb 11 ,2015 - 02:00-PM | by admin

    Dana Petroleum has successfully completed the drilling of the Lille John-2 appraisal well and side-track on the Lille John oil field in licence 12/06 in the Danish North Sea. The Lille John-2 (LJ-2...

    Trap Oil Group Announce Corporate and Operational Update
    Posted On Feb 11 ,2015 - 02:07-AM | by admin

    Trapoil (AIM: TRAP), the independent oil and gas exploration, appraisal and production company focused on the UK Continental Shelf ("UKCS") region of the North Sea, announces a further corporate and o...

    CNOOC signs PSCs with SK
    Posted On Feb 11 ,2015 - 02:31-AM | by admin

    CNOOC Limited (the “Company”, NYSE: CEO, SEHK: 00883, TSX: CNU) announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed two production sharing contracts (PSC...

    Halliburton and Baker Hughes Receive Expected Requests for Additional Information From DOJ
    Posted On Feb 11 ,2015 - 02:02-AM | by admin

    Halliburton Company (NYSE: HAL) and Baker Hughes Incorporated (NYSE: BHI) today announced that, as expected, the companies have each received a request for additional information (“second requests...

    Talisman Energy 2014 Fourth Quarter and Full-Year Results
    Posted On Feb 11 ,2015 - 02:22-AM | by admin

    Talisman Energy Inc. (TSX:TLM) (NYSE:TLM) reported its operating and unaudited financial results for 2014. All values are in US$ unless otherwise stated. "Our 2014 results reflect the significant p...

    Oryx Announces Update for Operations in the Kurdistan Region of Iraq
    Posted On Feb 11 ,2015 - 02:49-AM | by admin

    Oryx Petroleum Corporation Limited (“Oryx Petroleum” or the “Group”) announces an update regarding production, sales and development activities for the Hawler license area in the Kurdistan Reg...

    VAALCO Energy Announces Strong Results of the Etame 10-H Well
    Posted On Feb 11 ,2015 - 02:58-AM | by admin

    VAALCO Energy, Inc. (NYSE: EGY) announced first production from Etame 10-H, the second development well drilled from the newly installed Etame platform, offshore Gabon. The horizontal development we...

    CAMAC Completes 2D Seismic Acquisitions in Kenya
    Posted On Feb 11 ,2015 - 02:22-AM | by admin

    CAMAC Energy Inc. (“CAMAC” or the “Company”) (NYSE MKT:CAK) announced the successful completion of its onshore 2D seismic acquisitions on blocks L-1B and L-16 in the Republic of Kenya. The ...

    The impact of plummeting Crude Oil Prices on Country Finances
    Posted On Feb 10 ,2015 - 02:52-PM | by admin

    The Nigerian Federal Government has more than halved capital expenditure to less than 10 per cent of the 2015 Appropriation Bill, axing badly needed infrastructure investment due to the collapse in th...

    Gulf Keystone Announce Kurdistan Operational Update
    Posted On Feb 10 ,2015 - 02:45-PM | by admin

    Gulf Keystone Petroleum, an exploration and production company with operations in the Kurdistan Region of Iraq, today provides an update on the Company's operations at Shaikan, its key producing asset...

    Sterling Announce Acquisition of an interest in Block C-3, Mauritania
    Posted On Feb 10 ,2015 - 02:50-PM | by admin

    Sterling Energy Plc, the AIM listed oil and gas exploration company (AIM: SEY), announced that its wholly owned subsidiary, Sterling Energy Mauritania Limited (“Sterling”), has signed a sale and p...

    Northern Petroleum Issues update regarding drilling and operational activities in NW Alberta, Canada
    Posted On Feb 10 ,2015 - 02:16-PM | by admin

    Northern Petroleum, the AIM quoted oil company focusing on production led growth, provides the following update regarding drilling and operational activities in north west Alberta, Canada.

    Roxi Agrees Sale of interest in the Galaz Contract Area
    Posted On Feb 10 ,2015 - 02:43-PM | by admin

    Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, announced the conditional sale of the Company's equity and debt interests in the Galaz Contract Area, the second of the Company'...

    Akastor ASA: Fourth-Quarter and Preliminary Annual Results 2014
    Posted On Feb 10 ,2015 - 02:01-AM | by admin

    Key events 4Q 2014 Setting strategic direction for our portfolio companies • Realized shares in properties in Stavanger and Oslo, with a total gain of NOK 109 million • Top line revenue growt...

    Providence Resources Acqure Chrysaor E&P Ireland Limited
    Posted On Feb 09 ,2015 - 02:31-PM | by admin

    Providence Resources P.l.c., (“Providence”) the Irish oil and gas exploration and appraisal company, whose shares are quoted in London (AIM) and Dublin (ESM), announces the acquisition of 100% of ...

    Saipem awarded contract worth $1.8 billion
    Posted On Feb 09 ,2015 - 02:57-PM | by admin

    Saipem, through its subsidiary ERSAI Caspian Contractor LLC, has been awarded a major new Engineering & Construction contract for the Kashagan field project, located in the Kazakh waters of the Caspia...

    Petrofac secures strategic services agreements in Algeria
    Posted On Feb 09 ,2015 - 02:09-PM | by admin

    Petrofac, the international oil & gas service provider, has entered into two strategic contract agreements with Algerian state-owned Sonatrach. The first is a five year contract where Petrofac will...

    Memery Crystal Obtains Successful Judgment in the Commercial Court
    Posted On Feb 09 ,2015 - 02:39-PM | by admin

    Memery Crystal obtained a successful judgment on a number of crucial preliminary issues in the Commercial Court last week acting for Japanese owned energy company, Idemitsu Petroleum UK Ltd, in a disp...

    Statoil Announce Exploration success in the Krafla area
    Posted On Feb 09 ,2015 - 02:56-AM | by admin

    Operator Statoil has together with PL035 partners completed a two-well programme in the Krafla area in the North Sea. Since 2011 significant new recoverable resources have been proven in the area. ...

    Union Jack Oil Update on Wressle-1 Well Testing
    Posted On Feb 09 ,2015 - 02:13-AM | by admin

    Union Jack Oil plc ("Union Jack" or "the Company"), an onshore oil and gas exploration company with a focus on drilling, development and investment opportunities in the United Kingdom hydrocarbon sect...

    Dana Gas 2014 Annual Revenue Grows to US$ 683 million (AED 2.5 Billion)
    Posted On Feb 09 ,2015 - 02:23-AM | by admin

    Dana Gas PJSC, the Middle East’s largest regional private sector natural gas company, today announced its preliminary un-audited results for the year ended 31 December 2014. Dana Gas saw full yea...

    Continental Resources Announces Proved Reserves And Production For 2014
    Posted On Feb 06 ,2015 - 02:15-PM | by admin

    Continental Resources, Inc. (NYSE: CLR) ("Continental" or the "Company") announced proved reserves of 1.35 billion barrels of oil equivalent (Boe) at December 31, 2014, an increase of 267 million barr...

    Statoil Announce 2014 fourth quarter results
    Posted On Feb 06 ,2015 - 02:51-AM | by admin

    Statoil’s (OSE:STL, NYSE:STO) fourth quarter and preliminary 2014 results and Capital Markets Update Statoil's net operating income for the full year 2014 was NOK 109.5 billion. Fourth quarter 20...

    SEPLAT Completes Acquisition of a 40.00% working interest in OML 53 Onshore Nigeria
    Posted On Feb 06 ,2015 - 02:08-AM | by admin

    SEPLAT Petroleum Development Company Plc (“SEPLAT” or the “Company”),a leading Nigerian indigenous oil and gas company listed on both the Nigeria Stock Exchange and London Stock Exchange, toda...

    Ichthys LNG Project development drilling underway
    Posted On Feb 05 ,2015 - 02:00-PM | by admin

    The INPEX-operated Ichthys LNG Project has commenced drilling at the Ichthys gas-condensate field, about 200 kilometres off the Western Australian coast. The first development well was spudded on 3...

    RWE Dea AG Announce Development Drilling at Algerian Reggane Nord gas project
    Posted On Feb 05 ,2015 - 02:41-PM | by admin

    The Reggane Nord consortium that includes RWE Dea has commenced development drilling at the gas project in the Algerian Sahara. 26 development wells are planned for the first drilling campaign. The st...

    Second Generation Biofuels Market is Expected to Reach $23.9 Billion, Global, by 2020 - Allied Market Research
    Posted On Feb 05 ,2015 - 02:09-PM | by admin

    According to a new report by Allied Market Research titled, "Global Second Generation Biofuels - Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013 - 2020", the global second ge...

    Rise Of The Vulture Investing Class
    Posted On Feb 05 ,2015 - 02:14-AM | by admin

    The oil markets are showing some life, having rallied 11 percent over a two-day period. But if a bigger rebound is not around the corner, it won’t just be oil companies that will be feeling the pain...

    Petróleo Brasileiro S.A Announce New Campos Basin Discovery
    Posted On Feb 05 ,2015 - 02:13-AM | by admin

    Petrobras announces the discovery of new oil accumulations in concession BM-C-35 (exploratory block C-M-535), located in the Campos Basin post-salt layer. The discovery was made while drilling well...

    Fitch reviews Petrobra's global ratings
    Posted On Feb 05 ,2015 - 02:22-AM | by admin

    Petrobras informs that Fitch Ratings reviewed Petrobras' debt ratings from BBB to BBB-, and has placed these ratings on Rating Watch Negative. This grade keeps Petrobras as an Investment Grade Company...

    CNOOC Limited Announces its 2015 Business Strategy and Development Plan
    Posted On Feb 04 ,2015 - 02:25-PM | by admin

    CNOOC Limited (the “Company”, NYSE: CEO, SEHK: 00883, TSX: CNU) announced its business strategy and development plan for the year 2015. The Company’s net production target for 2015 is in the ...

    Chevron Acquires Exploration Interests in Mauritania
    Posted On Feb 04 ,2015 - 02:27-PM | by admin

    Chevron Corporation (NYSE:CVX) today announced that its wholly-owned subsidiary Chevron Mauritania Exploration Limited has reached an agreement to acquire a 30 percent non-operated working interest in...

    Neste Oil Release's Financial Statements for 2014
    Posted On Feb 04 ,2015 - 02:32-AM | by admin

    Strong full-year comparable operating profit as a result of a record fourth quarter 2014 Highlights: • Comparable operating profit totaled EUR 583 million (2013: EUR 596 million) • Total refin...

    New President and CEO of Statoil is Eldar Sætre
    Posted On Feb 04 ,2015 - 02:34-AM | by admin

    Statoil’s (OSE: STL, NYSE: STO) board of directors has appointed Eldar Sætre as new president and CEO. Sætre has been acting as president and CEO since October, and assumes the role with immedi...

    CME Group Volume Averaged 15.6 Million Contracts per Day in January 2015, Up 21 Percent from January 2014
    Posted On Feb 03 ,2015 - 02:48-PM | by admin

    CME Group, the world's leading and most diverse derivatives marketplace, today announced that January 2015 volume averaged 15.6 million contracts per day, up 21 percent from January 2014. Total volum...

    Dana Achieves Significant Milestones in Egypt
    Posted On Feb 03 ,2015 - 02:37-AM | by admin

    Dana Gas, the Middle East's leading regional private sector natural gas Company, announced a number of major milestones in the successful fulfillment of its growth strategy in Egypt. Most recently,...

    GE Oil & Gas signs MoU with Kuwait Oil Company
    Posted On Feb 03 ,2015 - 02:46-AM | by admin

    GE Oil & Gas (NYSE: GE) has signed a Memorandum of Understanding (MoU) with the Kuwait Oil Company (KOC), a subsidiary of Kuwait Petroleum Company (KPC), to collaborate in the state of Kuwait in resea...

    Petrobras detects new reservoir in Sergipe Basin’s Farfan area
    Posted On Feb 03 ,2015 - 02:03-AM | by admin

    Petrobras announces that it has confirmed the extension of the light oil and gas discovery, as announced to the market on August 9, 2013, by drilling the third extension well in ultra-deep waters of S...

    BG Group plc Announce 2014 Fourth Quarter & Full Year Results
    Posted On Feb 03 ,2015 - 02:47-AM | by admin

    Full year key points E&P production within guidance at 606 kboed; LNG total operating profit ahead of guidance at $2 544 million; both 4% lower than 2013

    1. • First LNG from QCLNG Trai...

    Anadarko Announces 2014 Fourth-Quarter And Full-Year Results
    Posted On Feb 03 ,2015 - 02:17-AM | by admin

    Anadarko Petroleum Corporation (NYSE: APC) today announced 2014 fourth-quarter results, reporting a net loss attributable to common stockholders of $395 million, or $0.78 per share (diluted). These re...

    Technip awarded contract for new 500 KTA ethylbenzene styrene monomer plant in China
    Posted On Feb 03 ,2015 - 02:52-AM | by admin

    Technip was awarded a contract by Qingdao Soda Ash Industrial New Material & Technology Company to provide the technology, engineering(1), selected critical equipment and technical services for a 500 ...

    Chevron Announce New Corporate Vice President and Comptroller
    Posted On Feb 02 ,2015 - 02:34-PM | by admin

    Chevron Corporation (NYSE:CVX) today named Jeanette L. Ourada as corporate vice president and comptroller effective April 1. Ourada succeeds Matthew J. Foehr, who will retire from the...

    Total Energy Ventures Invests in France’s Avenisense
    Posted On Feb 02 ,2015 - 02:58-PM | by admin

    Total Energy Ventures, the corporate venture capital arm of French energy company Total, is investing in Avenisense, a French company specialized in embedded fluid property sensors. Founded in 201...

    Arctic Oil On Life Support
    Posted On Feb 02 ,2015 - 02:45-PM | by admin

    Oil companies have eyed the Arctic for years. With an estimated 90 billion barrels of oil lying north of the Arctic Circle, the circumpolar north is arguably the last corner of the globe that is still...

    ExxonMobil Earns $32.5 Billion in 2014; $6.6 Billion During Fourth Quarter
    Posted On Feb 02 ,2015 - 02:47-PM | by admin

    Exxon Mobil Corporation (NYSE:XOM) today announced estimated full-year 2014 earnings of $32.5 billion compared with $32.6 billion a year earlier, reflecting the strength of its integrated business mod...

    Increasing Demand For Refined Products Will Increase Oil Prices
    Posted On Jan 29 ,2015 - 01:52-PM | by admin

    In last week's article I posted a chart from the International Energy Agency'srecent Oil Market Report that shows global demand for refined products catching up to supply by the 3rd quarter of this ye...

    Occidental Announces 4th Quarter and Twelve Months 2014 Results
    Posted On Jan 29 ,2015 - 01:18-PM | by admin

    Highlights Q4 2014 core income of $560 million, or $0.72 per diluted share Year-end 2014 cash balance of $7.8 billion exceeds total debt of $6.8 billion Q4 2014 Permian Resources ye...

    Lies And Deception In Ukraine's Energy Sector
    Posted On Jan 29 ,2015 - 01:36-AM | by admin

    The Ukrainian government has repeatedly claimed it is doing its best to improve the oil and gas investment climate, but official statements are the opposite of the reality, as Prime Minister Arseniy Y...

    Shell Announce full year 2014 update
    Posted On Jan 29 ,2015 - 01:12-AM | by admin

    Shell’s CEO Ben van Beurden today updates on 2014 performance and his priorities for the company, in presentations to financial markets. Van Beurden commented: “Shell has delivered where it coun...

    Total awarded 10% in the new 40-year ADCO concession in Abu Dhabi
    Posted On Jan 29 ,2015 - 01:00-AM | by admin

    Total has signed a new 40-year onshore concession agreement with the Supreme Petroleum Council of the Emirate of Abu Dhabi (United Arab Emirates) and the Abu Dhabi National Oil Company (ADNOC), granti...

    GE and Statoil launch ambitious new collaboration to accelerate development of sustainable energy solutions
    Posted On Jan 28 ,2015 - 01:34-PM | by admin

    GE and Statoil have now announced a new collaboration to accelerate the development of more environmentally and economically sustainable energy solutions to help fuel the future. This joint techno...

    Chevron Expands Its U.S. Gulf of Mexico Leasehold Position with Acquired Deepwater Acreage
    Posted On Jan 28 ,2015 - 01:23-PM | by admin

    Chevron Corporation (NYSE:CVX) today announced its subsidiary, Chevron U.S.A. Inc., will work with BP Exploration and Production Inc. (BP) and ConocoPhillips Company (ConocoPhillips) to explore and ap...

    Hess Reports Estimated Results For The Fourth Quarter 2014
    Posted On Jan 28 ,2015 - 01:08-PM | by admin

    Hess Corporation (NYSE: HES) today reported adjusted net income, which excludes items affecting comparability, of $53 million or $0.18 per common share, for the fourth quarter of 2014 compared with $3...

    SacOil Announce Update on Lagia oil field
    Posted On Jan 28 ,2015 - 01:05-PM | by admin

    SacOil Holdings Limited ("SacOil") through its subsidiary Mena International Petroleum Company Limited ("Mena") announced the successful on-time completion of phase 1 of the field development operatio...

    Petrobras announces 3Q14 Financial results, not reviewed
    Posted On Jan 28 ,2015 - 01:46-AM | by admin

    Petrobras announced its consolidated results, not reviewed by independent auditors, stated in millions of Reais, prepared in accordance with IAS 34, except with errors found in certain amounts of prop...

    Invitation to Aker Companies Investor Day
    Posted On Jan 28 ,2015 - 01:49-AM | by admin

    Aker, Aker Solutions, Akastor, Kvaerner, Det norske, Ocean Yield and Havfisk are pleased to invite investors, analysts and media to take part in a joint investor day in London 17 March 2015. Date: ...

    OCTP integrated oil & gas project in Ghana Moves Forward
    Posted On Jan 27 ,2015 - 01:05-PM | by admin

    Eni, Vitol and Ghana National Petroleum Corporation (GNPC) signed today with the President of the Republic of Ghana, John Dramani Mahama, and the Minister of Petroleum, Emmanuel Armah-Kofi Buah, the a...

    Hess Corporation Announces 2015 Capital and Exploratory Budget
    Posted On Jan 27 ,2015 - 01:30-AM | by admin

    Hess Corporation (NYSE:HES) announced today a 2015 capital and exploratory budget of $4.7 billion, a 16 percent reduction from its 2014 actual spend of $5.6 billion. Of this, $2.1 billion (45 perce...

    Technip awarded two subsea contracts in the Gulf of Mexico by Stone Energy Corporation
    Posted On Jan 27 ,2015 - 01:16-AM | by admin

    Leveraging its unique subsea vertical integration - Unique vertical integration - Technip to design, manufacture and install the flexible pipe - First class assets and technologies - Technip to leve...

    Oil Prices Changing The Face Of Global Geopolitics
    Posted On Jan 27 ,2015 - 01:35-AM | by admin

    In a documentary that aired recently on the Canadian Broadcasting Corporation's popular The Fifth Estate program, an allegory of Vladimir Putin was presented. The wily Russian president was described ...

    Afren provides update on its capital structure, liquidity and funding requirements announced on 20 January 2015
    Posted On Jan 27 ,2015 - 01:32-AM | by admin

    In light of the significant dislocation in the industry and related financing markets resulting from the rapid decline in oil prices, the Board has been reviewing the funding and liquidity requirement...

    African Petroleum Announce Update in Cote d’Ivoire and Liberia
    Posted On Jan 26 ,2015 - 01:11-PM | by admin

    African Petroleum Corporation, an independent oil and gas exploration company operating ten licences in five countries offshore West Africa,is pleased to announce an update to its prospective oil reso...

    CME Group Announces Six New Additional European Natural Gas Contracts on CME Europe
    Posted On Jan 26 ,2015 - 01:06-PM | by admin

    CME Group, the world's leading and most diverse derivatives market place, announced today the launch of six new additional European Natural Gas cleared future contracts on CME Europe, adding to the fo...

    Does the Fracking process really carry potentially serious environmental risks?
    Posted On Jan 26 ,2015 - 01:48-AM | by admin

    Why has the US been so successful at employing this process and why is Europe lagging so far behind. The current Oil price drop has been attributed mostly to the oversupply of Oil in the global marke...

    KrisEnergy completes 2D seismic program in SS-11 offshore Bangladesh
    Posted On Jan 23 ,2015 - 01:43-PM | by admin

    KrisEnergy Ltd. (“KrisEnergy” or “the Company”), an independent upstream oil and gas company, announces that the Binh Minh 2 vessel has completed a 3,146 km 2D seismic acquisition program in t...

    BPZ Energy Announces New Production from Albacora A-27D Well
    Posted On Jan 23 ,2015 - 01:11-AM | by admin

    BPZ Energy (NYSE: BPZ) (BVL: BPZ), an independent oil and gas exploration and production company, today provided initial production rates from the Albacora A-27D development well at offshore Block Z-1...

    Total Signs First Global Agreement with IndustriALL Global Union
    Posted On Jan 22 ,2015 - 01:57-PM | by admin

    Total strengthens its commitment as a responsible employer by signing a global agreement today with international union federation IndustriALL Global Union, which represents more than 50 million worke...

    Eni announces a new oil and gas discovery in the Western Desert of Egypt
    Posted On Jan 22 ,2015 - 01:32-PM | by admin

    Eni has announced a new discovery of oil and gas in the West Melehia deep exploration prospect, located in the Melehia licence, in the Western Desert of Egypt, 300 square kilometers west of Alexandria...

    Crushing The U.S. Energy Export Dream
    Posted On Jan 22 ,2015 - 01:13-AM | by admin

    Exporting crude oil and natural gas from the United States are among the dumbest energy ideas of all time. Exporting gas is dumb. Exporting oil is dumber. The U.S. imports almost half of t...

    EDGE standard, the global standard for gender equality in the workplace
    Posted On Jan 22 ,2015 - 01:43-AM | by admin

    Technip and EDGE Certified Foundation announce today that Technip in Brazil, in France and in Italy, including flexible pipe manufacturing plants in Brazil and France and Group’s headquarters, have ...

    Tullow provides update on exploration and appraisal activities in onshore Kenya
    Posted On Jan 22 ,2015 - 01:02-AM | by admin

    Epir-1 exploration result The Epir-1 exploration well is located in block 10BB in the North Kerio Basin, a separate sub-basin from that tested by the Kodos-1 well, 25 km to the southwest. Whilst no...

    Neste Oil listed among the world's most sustainable companies in 2015
    Posted On Jan 22 ,2015 - 01:21-AM | by admin

    Neste Oil has been selected for the ninth time for inclusion in The Global 100 list of the world's most sustainable companies. In 2015, the company ranks 31st on the list. The top position in the 2...

    Halliburton Reported income from continuing operations of $1.06 per diluted share
    Posted On Jan 21 ,2015 - 01:42-PM | by admin

    Halliburton Company (NYSE:HAL) announced that income from continuing operations for the fourth quarter of 2014 was $1.0 billion, or $1.19 per diluted share, excluding restructuring charges of $90 mill...

    Baker Hughes Announces Fourth Quarter and Annual Results
    Posted On Jan 21 ,2015 - 01:30-PM | by admin

    2014 Full Year Results Revenue for the year was a record $24.6 billion, up 10% compared to $22.4 billion for 2013. In 2014, adjusted EBITDA (a non-GAAP measure) was $4.8 billion, a 30% increase ...

    Origin gives Update on Speculant-1 exploration well
    Posted On Jan 21 ,2015 - 01:54-AM | by admin

    Origin Energy Limited (Origin) announced that the Speculant-1 exploration well, which spudded at 04.00 hours EST on 23 September 2014, had reached total depth of 4,917m MDRT (Measured Depth Below Rota...

    Lekoil Announce Resource to Reserve Conversion at Otakikpo
    Posted On Jan 21 ,2015 - 01:55-AM | by admin

    Lekoil (AIM: LEK), the oil and gas exploration and development company with a focus on Nigeria and West Africa more generally, announces the completion of an Addendum to the Competent Persons Report (...

    Faroe Awarded New exploration licences in Norway
    Posted On Jan 21 ,2015 - 01:09-AM | by admin

    Faroe Petroleum, the independent oil and gas company focussing principally on exploration, appraisal and production opportunities in Norway and the UK, announced that it has been awarded five new pros...

    Bowleven Announce Bomono Operational Update
    Posted On Jan 21 ,2015 - 01:05-AM | by admin

    Bowleven, the Africa focused oil and gas exploration group traded on AIM, announces an update on its two well exploration drilling programme on the Bomono Permit. At the Zingana well site civil eng...

    Chevron and SK LNG Trading Sign Gorgon LNG Supply Agreement
    Posted On Jan 21 ,2015 - 01:30-AM | by admin

    Chevron Corporation (NYSE: CVX) announced its Australian subsidiaries have signed a binding Sales and Purchase Agreement (SPA) with SK LNG Trading Pte Ltd (SK). Under the SPA, SK LNG Trading, which is...

    Oil Price Collapse Hurting Some More Than Others in U.S
    Posted On Jan 21 ,2015 - 01:09-AM | by admin

    U.S. oil and gas rig counts dropped to their lowest level in over four years, falling by an additional 74 units for the week ending on January 16. The lower count provides fresh evidence that low oil ...

    Aker Solutions Wins Five-Year EPMA Work at Johan Sverdrup Field
    Posted On Jan 21 ,2015 - 01:53-AM | by admin

    Aker Solutions will provide engineering, procurement and management assistance services for five years at the Statoil-operated Johan Sverdrup development in the Norwegian North Sea. The EPMA work, ...

    Eni awarded two exploration licenses in Norway
    Posted On Jan 20 ,2015 - 01:00-PM | by admin

    Eni was awarded by the Ministry of Petroleum and Energy two exploration licenses in the Barents sea and in the North Sea as part of the Norwegian Award in Pre-Defined Areas (APA) 2014. Following th...

    Statoil awarded 15 licences on the Norwegian continental shelf
    Posted On Jan 20 ,2015 - 01:39-PM | by admin

    In the Awards in Predefined Areas 2014, Statoil has been awarded interests in 15 licences on the NCS, 8 of those as operator. Today, the government has also announced the blocks in the 23rd concession...

    Schlumberger to Acquire Minority Share in Eurasia Drilling Company
    Posted On Jan 20 ,2015 - 01:26-PM | by admin

    Schlumberger Limited (NYSE:SLB) announced today an agreement to acquire a minority equity interest in Eurasia Drilling Company Limited (“EDC”). The agreement extends the successful long-term r...

    Noble Energy Announces Madison Exploration Results In The Gulf Of Mexico
    Posted On Jan 20 ,2015 - 01:29-PM | by admin

    Noble Energy, Inc. (NYSE: NBL) today announced that the Madison exploration well in the Gulf of Mexico reached the targeted Upper and Middle Miocene objectives and did not encounter commercial hydroca...

    GE Oil & Gas Awarded Contract By PERU LNG Plant
    Posted On Jan 20 ,2015 - 01:57-AM | by admin

    GE Oil & Gas (NYSE: GE) announced it has been awarded a long-term contractual service agreement (CSA) through General Electric International Peru to support the PERU LNG S.R.L liquefied natural gas (L...

    Statoil awards NOK2.0 billion contract to Kværner Verdal
    Posted On Jan 20 ,2015 - 01:36-AM | by admin

    On behalf of the Johan Sverdrup licence partners, Statoil is today awarding a contract to Kværner Verdal for delivery of the riser platform jacket for the Johan Sverdrup field. Scheduled for deliv...

    Northern Explorer signs letter of intent ("LOI") for a 2D seismic survey in West Africa
    Posted On Jan 20 ,2015 - 01:36-AM | by admin

    SeaBird Exploration Plc ("SeaBird") announced that Northern Explorer has signed a letter of intent ("LOI") for a 2D seismic survey in West Africa. The survey size is approximately 1,700 km with an est...

    Azonto Petroleum Limited Announce Directorate Changes
    Posted On Jan 20 ,2015 - 01:45-AM | by admin

    The Board of Azonto announces that a "fit for purpose" review of the Company's operating structure and costs has been carried out with the objective of maintaining the viability of the current portfol...

    Roxi Drawdown on equity facility
    Posted On Jan 20 ,2015 - 01:18-AM | by admin

    Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, updated the market with news it has called down a further $2.0 million from the $40 million equity facility announced in January...

    Petrofac awarded US$4 billion heavy oil project in Kuwait
    Posted On Jan 20 ,2015 - 01:13-AM | by admin

    Petrofac, the international oil and gas services provider, has received an award notification for the first phase of Kuwait Oil Company’s (KOC) Lower Fars heavy oil development programme, which is l...

    Shareholders' Nomination Board's proposal for the composition of Neste Oil's Board of Directors
    Posted On Jan 20 ,2015 - 01:32-AM | by admin

    The Shareholders' Nomination Board, established by Neste Oil Corporation's Annual General Meeting (AGM) on 4 April 2013, will propose to the AGM to be held on 1 April 2015 that the company's Board of ...

    ExxonMobil Begins Production at the Sakhalin-1 Arkutun-Dagi Field
    Posted On Jan 19 ,2015 - 01:17-PM | by admin

    Exxon Mobil Corporation (NYSE:XOM) announced today that production has begun at the Sakhalin-1 project’s Arkutun-Dagi field – the last of the three fields to be developed. Peak daily production fr...

    IOR & EOR Experts to meet in Dubai
    Posted On Jan 19 ,2015 - 01:54-PM | by admin

    On 16 – 18 February this year, regional and international experts in Improved and Enhanced Oil Recovery will gather in Dubai, UAE for the 12th global edition of IOR/EOR Global Praxis Interactive Tec...

    Eni Gets a three-year extension on the exploration period of Block 15/06 in Angola
    Posted On Jan 19 ,2015 - 01:05-AM | by admin

    Eni obtained a three-year extension from the Angolan authorities to the exploration period of the prolific Block 15/06, located in Angola’s offshore, approximately 350 kilometers north-west of the c...

    Eni announces the production start-up at Lucius oil field in Gulf of Mexico deepwater
    Posted On Jan 19 ,2015 - 01:12-AM | by admin

    Eni announces the production start-up from the Lucius Field in the Gulf of Mexico deepwater, 240 miles south of the Louisiana coast, United States. Lucius, which is in approximately 7,000 feet of w...

    Schlumberger Announces Full-Year and Fourth-Quarter 2014 Results
    Posted On Jan 16 ,2015 - 01:49-AM | by admin

    Highlights: Fourth-quarter revenue of $12.6 billion increased 6% year-on-year

  • Fourth-quarter EPS of $1.50, excluding charges and credits, grew 11% year-on-year
  • Board approves 25%...

  • Eni announces the temporary restart of Porto Marghera's cracker following a supply agreement with Shell
    Posted On Jan 16 ,2015 - 01:31-AM | by admin

    Versalis (Eni) announced the temporary restart of the Porto Marghera (Venice) cracking plant, as a result of a supply agreement with Shell. The operation will provide temporary support to Shell; the p...

    Back To Basics: Why Conventional Drilling Makes Sense in 2015
    Posted On Jan 15 ,2015 - 01:06-PM | by admin

    This New Year, an old trend may become a new trend as conventional drilling in North America is once again in the spotlight at a time when oil prices continue their slump and the unconventional become...

    BP, America’s Largest Energy Investor in the US
    Posted On Jan 15 ,2015 - 01:52-PM | by admin

    Over the past five years, BP has invested nearly $50 billion in the US – more than any other energy company. BP is a leading producer of oil and gas and provides enough energy annually to light near...

    Major tax change needed urgently to counter falling oil price and save investment and jobs
    Posted On Jan 15 ,2015 - 01:13-AM | by admin

    Malcolm Webb, Oil & Gas UK’s chief executive, said: “Evidence of the threat from the falling oil price to UK investment and jobs is mounting daily with oil and gas companies cutting exploration an...

    IMF Executive Board Approves New Two-Year US$23 Billion Flexible Credit Line Arrangement for the Republic of Poland
    Posted On Jan 15 ,2015 - 01:39-AM | by admin

    The Executive Board of the International Monetary Fund (IMF) today approved a successor two-year arrangement for the Republic of Poland under the Flexible Credit Line (FCL) with reduced access in an a...

    Another perspective to 'Age of cheap oil'
    Posted On Jan 15 ,2015 - 01:06-AM | by admin

    The Age Of Cheap Oil Is Over 'Saudi Arabia requires $93/bbl Brent to balance their budget. At today’s oil price, the Kingdom is going to watch their savings account drop by an estimated $50 Billi...

    Tullow Announce 2014 revenue of $2.2 billion and Issue Operational Update
    Posted On Jan 15 ,2015 - 01:59-AM | by admin

    Tullow Oil plc (Tullow) issues this statement to summarise recent operational activities and to provide trading guidance in respect of the financial year ended 31 December 2014. This is in advance of ...

    West Franklin Phase 2 brought on stream in the North Sea
    Posted On Jan 15 ,2015 - 01:53-AM | by admin

    Total has started gas and condensate production from the West Franklin Phase 2 project in the Central Graben area of the UK North Sea. The project will supply 40,000 barrels of oil equivalent per day ...

    CME Group Announces Record NYMEX Brent (BZ) Volume Surpasses 200K
    Posted On Jan 14 ,2015 - 01:57-PM | by admin

    CME Group, the world's leading and most diverse derivatives marketplace, today announced it reached a trading volume record for its NYMEX Brent (BZ) crude oil futures contract on Tuesday, January 13, ...

    CME Group Launches the 'Futures Institute' to Help Develop Traders in the Futures Markets
    Posted On Jan 14 ,2015 - 01:46-PM | by admin

    CME Group, the world's leading and most diverse derivatives marketplace, announced the launch of the Futures Institute, an innovative new online platform for futures and options on futures education, ...

    Tullow Oil Issues Interim Management Statement
    Posted On Jan 14 ,2015 - 01:21-PM | by admin

    Tullow Oil plc (Tullow) issues the following Interim Management Statement, for the period 1 July to 12 November 2014. The Group will announce its full year Trading Statement and Operational Update on ...

    Hydrocarb Energy Moves Ahead with Seismic Program in Namibia
    Posted On Jan 14 ,2015 - 01:24-PM | by admin

    Hydrocarb Energy Corporation (OTCQB:HECC) has announced it is preparing to issue Request For Proposals to four seismic acquisition contractors to complete a 750km 2-dimensional seismic program on its ...

    Newfield Provides Update on its China Business Marketing Process
    Posted On Jan 14 ,2015 - 01:36-PM | by admin

    Newfield Exploration Company (NYSE: NFX) disclosed that the Company has concluded its marketing process for its China business and now plans to retain the assets. For financial purposes, the China bus...

    Suncor accelerates spending reductions in response to lower crude price
    Posted On Jan 14 ,2015 - 01:13-PM | by admin

    Suncor Energy Inc. announced significant spending reductions to its 2015 budget in response to the current lower crude price environment. The cuts include a $1 billion decrease in the company's capita...

    Qatar Petroleum and Shell not to pursue Al Karaana petrochemicals project
    Posted On Jan 14 ,2015 - 01:57-PM | by admin

    Qatar Petroleum and Shell have decided not to proceed with the proposed Al Karaana petrochemicals project, and to stop further work on the project. The decision came after a careful and thorough evalu...

    Geophysical Survey Projects in Papua New Guinea
    Posted On Jan 14 ,2015 - 01:49-AM | by admin

    CGG announced that it has been awarded both a land seismic and an airborne gravity survey by InterOil Corporation to assess the hydrocarbon potential of their acreage in Papua New Guinea. CGG’s a...

    OSM Offshore awarded Mariner FSU contract by Statoil UK Limited
    Posted On Jan 14 ,2015 - 01:12-AM | by admin

    OSM Offshore Aberdeen Limited, a subsidiary of OSM Offshore AS and a member of OSM Maritime Group, a global independent provider of offshore management services, has on 9th of January 2015 agreed to e...

    Eni strengthens position in Egypt
    Posted On Jan 14 ,2015 - 01:10-AM | by admin

    Signs concession agreements for two new exploration blocks in the Egyptian Mediterranean As a result of the EGAS 2013 bid round, Eni signed two concession agreements for the North Leil and Karawan...

    Petrobras Announce Proven Reserves in 2014
    Posted On Jan 14 ,2015 - 01:51-AM | by admin

    Petróleo Brasileiro S.A. - Petrobras announces its proven reserves of petroleum (oil and condensate) and natural gas, assessed at the end of 2014 according to ANP/SPE (National Petroleum, Natural Gas...

    Taipan Announce Badada-1 Well Spud Onshore Kenya
    Posted On Jan 14 ,2015 - 01:08-AM | by admin

    Taipan Resources Inc. (TSX VENTURE:TPN)(OTCQX:TAIPF) ("Taipan", "the Company"), through its Kenya-based subsidiary Lion Petroleum (“Lion”), announced that the GW-190 rig has spudded the Badada-1 w...

    5 Ways To Play The Oil Price Plunge
    Posted On Jan 14 ,2015 - 01:16-AM | by admin

    The collapse of the oil price has created losers and winners, and like every major movement in a commodity sector, the trick for investors is figuring out which side of the trade to be on. The most ob...

    Tethys Petroleum Announce Kazakhstan Gas Production Doubles
    Posted On Jan 13 ,2015 - 01:35-PM | by admin

    Tethys Petroleum Limited (TSX:TPL)(LSE:TPL) ("Tethys" or the "Company") announced that the new phase of gas production is on stream and is producing at more than double previous production. Kazakhs...

    London Stock Exchange Group signs partnership agreement with Borsa İstanbul
    Posted On Jan 13 ,2015 - 01:18-PM | by admin

    London Stock Exchange Group (LSEG) announced that it has signed a partnership agreement with Borsa İstanbul, covering derivatives and index products. Under the terms of the partnership agreement L...

    Sumatec Trims Acquisition Price Of Borneo Energy
    Posted On Jan 13 ,2015 - 01:08-PM | by admin

    Sumatec Resources Bhd has entered into a supplemental agreement with vendors to reduce the purchase price for the proposed acquisition of Borneo Energy Oil and Gas Limited by US$60 million (US$1 = RM3...

    Lamprell Announce Pre-close Trading Update
    Posted On Jan 13 ,2015 - 01:54-PM | by admin

    Lamprell (ticker: LAM), a leading provider of fabrication, engineering and contracting services to the onshore and offshore energy industry, publishes a trading update ahead of its results for the yea...

    KrisEnergy completes Block A Aceh acquisition
    Posted On Jan 13 ,2015 - 01:39-PM | by admin

    KrisEnergy Ltd. (“KrisEnergy” or the “Company”), an independent upstream oil and gas company, refers to the announcement dated 1 July 2014 in relation to the acquisition of Premier Oil Sumatra...

    Construction of Opalenica wind farm to commence in Poland
    Posted On Jan 13 ,2015 - 01:48-AM | by admin

    RWE Innogy is to commence construction work on their 7th wind farm, Opalenica, in Poland this week. The plant manufacturer Nordex will build seven wind power turbines with a capacity of 2.4 megawatts ...

    CAMAC Terminates Contract for drillship Energy Searcher
    Posted On Jan 13 ,2015 - 01:52-AM | by admin

    CAMAC Energy Inc. (“CAMAC” or the “Company”) (NYSE MKT: CAK) announced it has terminated its contract with Northern Offshore International Drilling Company Ltd. (“Northern”) for the drills...

    Sound Oil Announce Withdrawal of Intended Offer for Antrim Energy Inc.
    Posted On Jan 13 ,2015 - 01:44-AM | by admin

    On 24 November 2014 Sound Oil announced its intention to launch a public offer (the "Intended Offer") for 100% of the share capital of Antrim Energy Inc ("Antrim"). Sound Oil confirms that followi...

    Cairn Announce Pre-close Update
    Posted On Jan 13 ,2015 - 01:14-AM | by admin

    Cairn Energy PLC intends to announce its preliminary results for the year to 31 December 2014 on Tuesday 10 March 2015. In advance of these results, Cairn is providing information on recent operations...

    ExxonMobil Marine Affiliate Names Eagle Bay, New U.S.-Flag Tanker in Philadelphia
    Posted On Jan 13 ,2015 - 01:15-AM | by admin

    Exxon Mobil Corporation’s marine affiliate, SeaRiver Maritime, Inc., named the Eagle Bay, the second of its two new U.S.-flag crude oil tankers, at a ceremony at Aker Philadelphia Shipyard. The f...

    Petrobras reaches daily, monthly and annual records in oil and natural gas production in December
    Posted On Jan 13 ,2015 - 01:36-AM | by admin

    Petrobras´ total oil and natural gas production in December, in Brazil and abroad, has reached an average of 2 million 863 thousand barrels of oil equivalent per day, representing the best result eve...

    Total Energy Ventures Invests in Stem
    Posted On Jan 13 ,2015 - 01:24-AM | by admin

    Total Energy Ventures (TEV), the venture capital arm of French energy company Total, is investing in Stem, which specializes in energy optimization solutions for commercial and industrial (C&I) custom...

    Roxtec seals deal with daylighting systems manufacturer
    Posted On Jan 12 ,2015 - 01:24-PM | by admin

    CABLE and pipe seal specialist Roxtec has designed and tested tailor-made fire collars for a manufacturer of natural light systems which maximise daylight into buildings. Roxtec worked in partnersh...

    Afren gives Update on Barda Rash, Kurdistan region of Iraq
    Posted On Jan 12 ,2015 - 01:09-AM | by admin

    Afren plc (“Afren” or the “Company”) provides the following update in relation to its sixty percent working interest in the Barda Rash field in the Kurdistan region of Iraq. An updated Comp...

    GIS unaffected by lower oil prices
    Posted On Jan 09 ,2015 - 01:07-PM | by admin

    The Board of Directors of Gulf International Services has recommended a cash dividend distribution for the financial period ended December 31st, 2014 of QR 1022.12 million, which is equivalent to QR 5...

    Petrobras confirms light oil potential of Muriú area in the Sergipe Basin
    Posted On Jan 09 ,2015 - 01:27-PM | by admin

    Petróleo Brasileiro S.A. – Petrobras announces results of drilling well 9-SES-187A (Petrobras nomenclature) / 9-BRSA-1278A-SES (ANP nomenclature), located in concession area BM-SEAL-10, blocks SEAL...

    Eni signs a Concession Agreement for a new exploration block in the Western Desert of Egypt
    Posted On Jan 09 ,2015 - 01:13-PM | by admin

    Eni signed a new Concession Agreement to operate in the South-West Melehia block in the Western Desert of Egypt, following the Egyptian General Petroleum Corporation (EGPC) 2013 international competit...

    Ritz-Carlton Bahrain offers holiday packages, family activities
    Posted On Jan 09 ,2015 - 01:53-AM | by admin

    With the holiday festivities spilling over into January, The Ritz-Carlton, Bahrain Hotel & Spa has prepared a full schedule of exciting family activities and holiday packages this month, promising ple...

    Petrobras discovers new oil accumulation in Farfan area in the Sergipe Basin
    Posted On Jan 09 ,2015 - 01:42-AM | by admin

    Petrobras announces results of drilling well 9-SES-188D (Petrobras nomenclature) / 9-BRSA-1280D-SES (ANP nomenclature), located at concession area BM-SEAL-11, in block SEAL-M-426, in Sergipe Basin ult...

    Statoil extend the life of the Norne field to 2030
    Posted On Jan 09 ,2015 - 01:40-AM | by admin

    Initially scheduled to be shut down during 2014, the ambition is now to extend the life of the Norne field to 2030. The Norne field came on stream on 6 November 1997, and the initial development...

    ARC Resources Ltd. Announces Reduced 2015 Capital Program
    Posted On Jan 09 ,2015 - 01:55-AM | by admin

    ARC Resources Ltd. ("ARC") announced that it has entered into an agreement to sell 15.5 million common shares at $22.55 per share to raise gross proceeds of approximately $350 million on a bou...

    Tangiers Petroleum's Alaska move teams it with Eagle Ford pioneer
    Posted On Jan 08 ,2015 - 01:31-PM | by admin

    Tangiers Petroleum is changing its name to reflect is change in strategic direction to Alaska from northern Africa. This follows the failure of the TAO-1 well off the coast of Morocco, which it hel...

    Seplat Issues Statement regarding possible combination with Afren plc
    Posted On Jan 08 ,2015 - 01:40-PM | by admin

    In accordance with the provisions of Section 10 of the Amended Listing Rules of the Nigerian Stock Exchange, Seplat Petroleum Development Company Plc ("Seplat" or the "Company") notes the announcement...

    Taleveras & Equatorial Guinea Join Forces To Create Largest Oil Terminal In West Africa
    Posted On Jan 08 ,2015 - 01:46-PM | by admin

    Taleveras Group, the leading supplier of crude oil and refined petroleum products in West Africa, signed an agreement with The Ministry of Mines, Industry and Energy of Equatorial Guinea, in Malabo on...

    Roxi Announce Proposed Sale of the Galaz Contract Area
    Posted On Jan 08 ,2015 - 01:28-PM | by admin

    Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update the market with news of the Galaz Contract Area in which it holds an interest of 34.22 per cent. Roxi no...

    Regal Petroleum plc announce Ukraine Update
    Posted On Jan 08 ,2015 - 01:24-AM | by admin

    Regal Petroleum plc (AIM: RPT), the AIM-quoted oil and gas exploration and production group,announces an update of operational activities at its 100% owned and operated MekhediviskaGolotvshinska (MEX-...

    JKX OIL & GAS plc suspends its planned 2015 capital investment programme in Ukraine
    Posted On Jan 08 ,2015 - 01:05-AM | by admin

    The Board of JKX ("JKX") has decided that the combination of Ukrainian Government-imposed restrictions on selling its gas to industrial clients and the punitive rate of gas production tax requires the...

    Eland Secures $75 million Reserves Based Lending Facility
    Posted On Jan 08 ,2015 - 01:42-AM | by admin

    Eland Oil & Gas PLC (AIM: ELA), an oil & gas production, development and exploration company operating in West Africa with an initial focus on Nigeria, announced it has finalised arrangements for a ne...

    CNOOC announce Natural Gas Discovery on Independent Deepwater Exploration
    Posted On Jan 07 ,2015 - 01:30-AM | by admin

    CNOOC Limited (the “Company”, NYSE: CEO, SEHK: 00883, TSX: CNU) announced that the Company has successfully made a new mid-to-large sized natural gas discovery Lingshui 25-1 on the independent dee...

    Swala Announce Successful Completion of 2014 Seismic Programme over Kilombero Basin
    Posted On Jan 07 ,2015 - 01:42-AM | by admin

    Swala Energy Limited ("Swala" or "the Company") announced that its 58.5% owned subsidiary company, Swala Oil and Gas (Tanzania) Plc (“Swala Tanzania”), has successfully completed its 430km 2D seis...

    Total achieves flare-out on its operated Ofon field, offshore Nigeria
    Posted On Jan 07 ,2015 - 01:55-AM | by admin

    Total has completed the flare out of the Ofon field on Oil Mining Lease (OML) 102 offshore Nigeria. The associated gas of the Ofon field is now being compressed, evacuated to shore and monetized via N...

    Statoil awards contracts for services at seven coastal bases
    Posted On Jan 07 ,2015 - 01:45-AM | by admin

    The contracts awarded include terminal and warehouse services as well as storage and pipeline handling. “These contracts, which will involve a long-term cooperation with the chosen suppliers, will ...

    Shell’s Nigerian subsidiary agrees £55 million settlement with the Bodo community
    Posted On Jan 07 ,2015 - 01:02-AM | by admin

    Shell’s Nigerian subsidiary, The Shell Petroleum Development Company of Nigeria Limited (SPDC), has today announced a £55 million settlement agreement with the Bodo community in respect of the two ...

    OCEANTEAM SHIPPING ASA - FINANCIAL CALENDAR 2015
    Posted On Jan 06 ,2015 - 01:28-PM | by admin

    The dates for publishing of Oceanteam Shipping ASA's financial reports are as follows: 4th Quarter 2014 19 February 2015 Annual Accounts 2014 23 April 2015 1st Quarter 2015 ...

    Chevron Announces Oil Discovery in Deepwater U.S. Gulf of Mexico
    Posted On Jan 06 ,2015 - 01:52-PM | by admin

    Chevron Corporation (NYSE:CVX) announced a significant oil discovery at the Anchor prospect in the deepwater U.S. Gulf of Mexico. Anchor is Chevron's second discovery in the deepwater Gulf in less tha...

    Crude now @ $50.04 per barrel
    Posted On Jan 06 ,2015 - 01:55-AM | by admin

    US crude closed down $2.65, or 5 percent, at $50.04 a barrel. Brent crude is now around $53 a barrel, down about $3, after dropping to $52.66 Saudi Arabia reduced its official price for light ...

    SacOil Announce Commencement of development operations – Lagia oil field
    Posted On Jan 06 ,2015 - 01:25-AM | by admin

    SacOil Holdings Limited, through its subsidiary Mena International Petroleum Company Limited ("Mena"), is pleased to announce the commencement of field development operations at its 100% owned Lagia o...

    Eni starts production at Nené Marine Field, offshore Congo
    Posted On Jan 05 ,2015 - 01:50-PM | by admin

    Eni has started production from Nené Marine field, offshore Congo, just eight months after obtaining the production permit and 16 months following the exploration discovery. The field is located in M...

    Eni awarded an exploration license in Croatia
    Posted On Jan 05 ,2015 - 01:19-PM | by admin

    Eni was awarded an exploration license within the Croatian First Offshore Licensing Round. The License is referred to Block 9, which is situated in the Adriatic Offshore, a region where Eni is the exp...

    Dana Gas Receives US$ 60 million from Egypt
    Posted On Jan 05 ,2015 - 01:51-AM | by admin

    Dana Gas, the Middle East's leading regional private sector natural gas Company, announced that it has received from the Egyptian Government a payment of US$ 60 million (AED 220 million). This represe...

    Gazprom secures gas supplies to southern Kyrgyzstan
    Posted On Dec 31 ,2014 - 12:40-PM | by admin

    Natural gas supplies to the South of Kyrgyzstan were renewed after an eight-month stoppage. This was achieved due to the accord between Gazprom and the Uzbekneftegaz petroleum company for 2015, stipul...

    GE Oil & Gas Technology Used in First-Ever Large-Scale Production of LNG from Coal Seam Gas for Queensland Curtis LNG
    Posted On Dec 31 ,2014 - 12:56-PM | by admin

    GE Oil & Gas (NYSE: GE) has played a pivotal role in the global liquefied natural gas (LNG) industry with its systems used in the first-ever large-scale production of LNG from coal seam gas (CSG) at B...

    Afren Announce Settlement of claims against former CEO and COO
    Posted On Dec 31 ,2014 - 12:02-PM | by admin

    Afren plc (“Afren” or the “Company”) announces that it has successfully secured, from its former CEO, Osman Shahenshah, and former COO, Shahid Ullah, a cash payment of US$17.1mn

    Petrobras Sets up of Committees to Analyze the Application of Administrative Sanctions and Provisional Ban
    Posted On Dec 30 ,2014 - 12:56-PM | by admin

    Petróleo Brasileiro S.A. – Petrobras announces that today its Executive Board approved the set up of Committees to Analyze the Application of Sanctions (CAASE) and the provisional ban of companies ...

    Petrobras declares commerciality of the Santos Basin pre-salt areas of Iara and Entorno de Iara
    Posted On Dec 30 ,2014 - 12:05-PM | by admin

    Petrobras announces that today it submitted the declarations of commerciality to Brazil’s National Petroleum, Natural Gas and Biofuels Agency (ANP) regarding the oil and gas accumulations located in...

    Versalis signs agreement with Saras for the transfer of the Sarroch plants
    Posted On Dec 30 ,2014 - 12:00-AM | by admin

    Versalis (Eni) has announced the signing of a firm agreement with Sarlux (Saras) that officially formalizes the transfer of the plants of the Sarroch site (Cagliari, Sardinia). The aim of the agreemen...

    BG Group loads first LNG cargo from QCLNG project in Australia
    Posted On Dec 30 ,2014 - 12:04-AM | by admin

    The world's first coal-seam-gas to LNG facility starts up BG Group (LSE: BG.L), a world leader in exploration and LNG, announced that it has been loading the first cargo of LNG from its Queensland...

    Season's Greetings from Oilandgaspress.com
    Posted On Dec 25 ,2014 - 12:59-PM | by admin

    Merry Christmas and Happy Holidays Warmest Wishes for a wonderful Christmas and Happy 2015 from us all at Oilandgaspress.com. Thank you for a successful 2014 and we look forward t...

    Noble Energy Provides Update On Regulatory Matters In Israel
    Posted On Dec 24 ,2014 - 12:56-PM | by admin

    Noble Energy, Inc. (NYSE: NBL) and its partners in the Leviathan field were advised by the Israel Anti-trust Authority of its decision to not submit the Consent Decree to the Anti-trust Tribunal for f...

    Petrobras reaches records of daily oil and overcomes 700 thousand barrels per day of production at the Pre-Salt layer
    Posted On Dec 24 ,2014 - 12:50-PM | by admin

    Petrobras announces that it reached, in December 21st, a new historical record of oil and NGL daily production, producing 2 million 286 thousand barrels. Produced volume does not take into account the...

    BG Group agrees sale and charter of LNG vessels
    Posted On Dec 23 ,2014 - 12:25-PM | by admin

    BG Group (LSE: BG.L), a world leader in exploration and LNG, has entered into an agreement with GasLog Ltd for them to acquire two modern tri-fuel diesel electric ("TFDE") LNG carriers for proceeds of...

    BP and SOCAR Sign an Agreement to Explore Shallow Water Absheron Peninsula
    Posted On Dec 23 ,2014 - 12:51-PM | by admin

    BP and SOCAR (the State Oil Company of the Republic of Azerbaijan) signed a new production sharing agreement (PSA) to jointly explore for and develop potential prospects in the shallow water area arou...

    Statoil optimises portfolio – realising USD 394 million from Marcellus asset
    Posted On Dec 23 ,2014 - 12:50-AM | by admin

    Statoil has agreed to reduce its working interest in the non-operated US southern Marcellus onshore asset from 29% to 23%, following a USD 394 million transaction with Southwestern Energy (the “tran...

    African Petroleum Announce Term Sheet Signed for Liberian Licence LB-08
    Posted On Dec 23 ,2014 - 12:26-AM | by admin

    African Petroleum Corporation, an independent oil and gas exploration company operating ten licences in five countries offshore West Africa, is pleased to announce that it has signed a non-binding ter...

    Hess Announces LOI with the North West Shelf to Liquefy Equus Gas
    Posted On Dec 23 ,2014 - 12:05-AM | by admin

    Hess Corporation (NYSE:HES) announced today that its Australian subsidiary, Hess Exploration Australia Pty Ltd, has signed a non-binding Letter of Intent (LOI) with the North West Shelf (NWS). Hess in...

    Aker Solutions Employees Buy Shares for NOK 95 Million
    Posted On Dec 22 ,2014 - 12:29-PM | by admin

    Aker Solutions employees bought shares for about NOK 95 million as part of annual programs for staff and managers. The company for the sixth consecutive year held share purchase programs to encoura...

    Prime Minister of Kazakhstan meets Eni CEO, Claudio Descalzi
    Posted On Dec 22 ,2014 - 12:52-PM | by admin

    The Prime Minister of Kazakhstan, Karim Massimov, and the Minister of Energy, Vladimir Shkolnik, met Eni’s CEO Claudio Descalzi today in Astana. In the meeting, Claudio Descalzi illustrated the p...

    Rescission of Nitrogenous Fertilizers Unit III construction and assembly contract
    Posted On Dec 22 ,2014 - 12:00-AM | by admin

    Petrobras announces it has rescinded the construction and assembly contract for the Nitrogenous Fertilizers Unit III – UFN III, in Três Lagoas (MS), due to a breach of contract by Consortium UFN3 (...

    Neste Oil to revise its full-year 2014 guidance
    Posted On Dec 22 ,2014 - 12:02-AM | by admin

    Neste Oil has revised its guidance and now expects the Group's full-year comparable operating profit to be above EUR 550 million in 2014. Previously the company expected it to be above EUR 400 million...

    IMF Staff Concludes 2014 Article IV Mission to Nigeria
    Posted On Dec 19 ,2014 - 12:11-PM | by admin

    An International Monetary Fund mission led by Gene Leon visited Abuja and Lagos December 1−15 to hold discussions for the 2014 Article IV consultation. Discussions focused on policies to addressing ...

    Subsea 7 S.A. announces an internal reorganisation and changes to its segmental reporting structure
    Posted On Dec 19 ,2014 - 12:14-PM | by admin

    Subsea 7 S.A. (Oslo Børs: SUBC) announces that,with effect from 1 January 2015, it will be changing the organisational structure of its business to better align it to the Group’s strategic priorit...

    Woodside Finalize Farm In Agreement For Nova Scotia, Canada
    Posted On Dec 19 ,2014 - 12:09-PM | by admin

    Woodside advises that it has finalised an agreement with BP to farm in to offshore blocks in the Scotian Basin, located off the coast of Nova Scotia, Canada. BP accepted Woodside’s offer to acqui...

    Nexans delivers first batch of DEH system to BP-operated Shah Deniz Stage 2 development project.
    Posted On Dec 19 ,2014 - 12:54-PM | by admin

    Nexans has provided to BP the first delivery in what will be the world’s largest and most complex Direct Electrical Heating (DEH) system to date. Nexans is supplying a comprehensive subsea DEH syste...

    Neste Oil and Renewable Energy Group Enter into NEXBTL License Agreement
    Posted On Dec 19 ,2014 - 12:39-PM | by admin

    Neste Oil Corporation of Finland and Renewable Energy Group, Inc. (NASDAQ: REGI), headquartered in Ames, Iowa, USA have entered into a Settlement and License Agreement whereby the parties have settled...

    $393 Million Subsea Systems Contract for Eni's Block 15/06 East Hub Project Offshore Angola Awarded to FMC Technologies
    Posted On Dec 19 ,2014 - 12:16-PM | by admin

    FMC Technologies, Inc. (NYSE: FTI) announced today that it has received an order from Eni Angola to supply subsea production systems for its deepwater Block 15/06 East Hub development. The order has a...

    Cheniere and GE Sign $1B Service Agreement for Sabine Pass LNG Export Terminal
    Posted On Dec 19 ,2014 - 12:14-PM | by admin

    GE (NYSE: GE) and Sabine Pass Liquefaction, a subsidiary of Cheniere Energy Partners, L.P. (“Cheniere Partners”) (NYSE MKT: CQP), announced that they have entered into a $1 billion, 20+-year servi...

    BASF to sell shares in ELLBA Eastern to joint venture partner Shell
    Posted On Dec 19 ,2014 - 12:35-PM | by admin

    BASF and Shell have reached an agreement for BASF to sell its share in the 50-50 joint venture ELLBA Eastern, Jurong Island, Singapore to Shell. The joint venture, which is operated by Shell, produce...

    Asset swap between BASF and Gazprom will not be completed
    Posted On Dec 19 ,2014 - 12:26-PM | by admin

    BASF and Gazprom agreed today that they will not complete the asset swap, which was planned for the end of the year. “We regret that the asset swap will not be concluded. We will continue our coo...

    Lion Energy in agreement to explore North Sumatran acreage
    Posted On Dec 19 ,2014 - 12:09-PM | by admin

    Lion Energy has announced that it will join forces with conventional PSC holders Bukit Energy and New Zealand Oil & Gas to jointly explore an area within the prolific North Sumatra Basin. As part of t...

    Fastnet Oil & Gas plc announce Interim Results for the six months ended 30 September 2014
    Posted On Dec 19 ,2014 - 12:01-AM | by admin

    Fastnet (AIM: FAST, ESM: FOI), the UK and Irish listed E&P company focussed on near-term exploration and appraisal acreage in Morocco and the Celtic Sea, announces its interim results for the six mont...

    Tower Resolves Namibia Cost Dispute
    Posted On Dec 19 ,2014 - 12:32-AM | by admin

    Tower Resources plc (the “Company” or “Tower” (TRP.L, TRP LN)), the AIM-listed Africa-focussed oil and gas exploration company, announced that it has reached agreement with the Operator, Repso...

    Mariner drilling and well services contract Awarded to Schlumberger Oilfield UK
    Posted On Dec 19 ,2014 - 12:36-AM | by admin

    Statoil has on behalf of the Mariner co-venturers awarded the contract for integrated drilling and well services on the Mariner field on the UK continental shelf (UKCS) to Schlumberger Oilfield UK Plc...

    Eni enters the upstream of Portugal
    Posted On Dec 18 ,2014 - 12:42-PM | by admin

    Eni has finalised with Petrogal, a wholly owned subsidiary of the Portuguese company Galp Energia operating in the upstream oil & gas, the farm in agreement for the acquisition of a 70% stake and ope...

    Oil and Gas industry is Starting to cut back on investment and jobs
    Posted On Dec 18 ,2014 - 12:13-PM | by admin

    US production surges, Oil prices to stay low Russia’s ruble plunged, The lower oil price has contributed to Russia's recent currency collapse as its economy is heavily dependent on oil for revenu...

    Wood Group PSN announces UK contractor rates reduction and salary freeze plans for UK employees
    Posted On Dec 18 ,2014 - 12:12-PM | by admin

    In response to cost and efficiency challenges affecting the UK North Sea oil & gas sector, Wood Group PSN (WGPSN) has on Wednesday 17 December announced plans to reduce the rates paid to its UK-based ...

    Apache Declares Cash Dividend On Common Shares
    Posted On Dec 18 ,2014 - 12:43-PM | by admin

    The board of directors of Apache Corporation (NYSE, Nasdaq: APA) has declared the regular cash dividend on the company's common shares. The dividend on common shares is payable Feb. 23, 2015, to st...

    Neste Oil to sell Kilpilahti electricity distribution network
    Posted On Dec 18 ,2014 - 12:31-PM | by admin

    Neste Oil has decided to sell all shares of Kilpilahden Sähkönsiirto Oy to InfraVia European Fund II, an infrastructure fund managed by InfraVia. The sale will produce a capital gain of approximatel...

    African Petroleum Corporation Enters First Renewal Period on Senegal Licence
    Posted On Dec 18 ,2014 - 12:06-AM | by admin

    African Petroleum Corporation, an independent oil and gas exploration company operating ten licences in five countries offshore West Africa, is pleased to announce that its subsidiary African Petroleu...

    Shell agrees sale of some downstream businesses in Norway to ST1
    Posted On Dec 18 ,2014 - 12:53-AM | by admin

    Shell has signed an agreement with ST1 for the sale of its retail, commercial fuels and supply and distribution logistics businesses in Norway. In addition, Shell’s aviation business in Norway will ...

    CME Group Announces the Launch of a Suite of European Natural Gas Contracts on CME Europe
    Posted On Dec 18 ,2014 - 12:29-AM | by admin

    CME Group, the world's leading and most diverse derivatives market place, announced today the launch of the first suite of physically and financially settled European natural gas cleared futures contr...

    PetroNeft Resources plc Announce Operations Update
    Posted On Dec 18 ,2014 - 12:54-AM | by admin

    PetroNeft (AIM: PTR) an oil & gas exploration and production company operating in the Tomsk Oblast, Russian Federation, is pleased to provide an update on operations. Licence 61 ...

    TrendForce Predict 2015 Worldwide Solar Demand to Grow 16.5%, Emerging Markets Growth to Surpass 40%
    Posted On Dec 17 ,2014 - 12:06-PM | by admin

    The worldwide solar market demand in 2014 was approximately at 44GW, even though the China market did not perform as well as expectations, due to the continuous growth in Japan and the U.S. market, th...

    Subsea 7 S.A. awarded an installation contract
    Posted On Dec 17 ,2014 - 12:05-PM | by admin

    Subsea 7 S.A. (Oslo Børs: SUBC; the Company) has been awarded a contract by the Hess Corporation for installation work in support of the Stampede Project in deepwater US Gulf of Mexico. The scope...

    OPEC net oil export revenues expected to fall in 2014 and 2015
    Posted On Dec 17 ,2014 - 12:42-PM | by admin

    Based on crude oil market assessments in the Short-Term Energy Outlook, EIA estimates that members of the Organization of the Petroleum Exporting Countries (OPEC), excluding Iran, will earn about $700...

    Encana announce a highly focused 2015 capital program
    Posted On Dec 17 ,2014 - 12:24-PM | by admin

    Encana (TSX: ECA) (NYSE: ECA) announced a highly focused 2015 capital program of between $2.7 billion and $2.9 billion, with approximately 80 percent directed to four of its highest margin growth pla...

    $100 MILLION ACQUISITION IN NORTH CENTRAL ALBERTA
    Posted On Dec 17 ,2014 - 12:30-PM | by admin

    Eagle Energy Trust (TSX: EGL.UN) (the "Trust" or "Eagle") announced that its newly established Canadian operating subsidiary, Eagle Energy Canada Inc., has signed a purchase and sale agreement with S...

    GE Agrees to Acquire Oceaneering’s Electric Actuator Product Line
    Posted On Dec 17 ,2014 - 12:22-PM | by admin

    GE (NYSE: GE) formally announced that it has signed an agreement to acquire the Subsea Electric Actuator product line of Oceaneering, a global provider of engineering services and products to the oil ...

    Yingli Green Energy Comments on U.S. Department of Commerce's Final Decisions on Tariffs for Solar PV Panels Using Non-Chinese Cells
    Posted On Dec 17 ,2014 - 12:24-PM | by admin

    Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), world's leading solar panel manufacturer, known as "Yingli Solar," today commented on the final anti-d...

    Pacific Rubiales announces U.S.$320 million sale of interest in Pacific Midstream to IFC
    Posted On Dec 17 ,2014 - 12:18-PM | by admin

    Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) (BOVESPA: PREB) announced that it has executed definitive agreements with the International Financial Corporation ("IFC"), a member of the World Ba...

    Former BP executive joins board of InterOil
    Posted On Dec 17 ,2014 - 12:27-PM | by admin

    InterOil Corporation (NYSE: IOC) (POMSoX: IOC) has appointed former Australasian BP oil and gas executive Katherine Hirschfeld to its board. Ms Hirschfeld, 54, is a chemical engineer whose career h...

    FMC Technologies Awarded $268 Million Subsea Systems Contract for Chevron's Agbami Phase 3 Project
    Posted On Dec 17 ,2014 - 12:26-PM | by admin

    FMC Technologies, Inc. (NYSE: FTI) announced today that it has received an order from Star Deep Water Petroleum Limited (a Chevron company), operator of the Agbami field, to provide subsea equipment f...

    Rosneft and Transneft Sign Tariff Agreement
    Posted On Dec 17 ,2014 - 12:15-PM | by admin

    Rosneft and Transneft signed a long-term Tariff Agreement as part of their joint project to construct a pipeline offshoot from the East Siberia – Pacific Ocean (ESPO) trunk pipeline to the Komsomols...

    Solo Oil give Update on acquisition of interest in Kiliwani North Gas Field, Tanzania
    Posted On Dec 17 ,2014 - 12:31-AM | by admin

    Solo Oil plc (AIM: SOLO) announced that, further to the announcement of 14 October 2014, it has been advised by Aminex PLC ("Aminex") that the conditions precedent which are remaining to close the ac...

    Novatek Announce Launch of second stage of Urengoyskoe field
    Posted On Dec 17 ,2014 - 12:40-AM | by admin

    OAO NOVATEK (“NOVATEK” and/or the “Company”) announced today that SeverEnergia (a joint venture between NOVATEK and OAO Gazprom Neft) launched the second stage of the Urengoyskoye field (withi...

    Chariot Oil & Gas Issues pre-close operational update
    Posted On Dec 17 ,2014 - 12:56-AM | by admin

    AIM-listed Chariot Oil & Gas, the Atlantic margins focused oil and gas exploration company, has provided a pre-close operational update. During the course of 2014, Chariot has carried out substanti...

    ONGC declares interim dividend of 100%; Notifies three discoveries
    Posted On Dec 17 ,2014 - 12:23-AM | by admin

    ONGC in its 264th Board meeting held on 12th December, 2014 has approved an interim dividend of 100%, paying Rs.5 per equity share of Rs.5 each. The total payout on this account will be Rs.4277.75 Cro...

    Technip awarded a €100 million Onshore Oil & Gas Terminal project by ONGC in India
    Posted On Dec 17 ,2014 - 12:04-AM | by admin

    Technip has been awarded an approximately €100 million contract by Oil and Natural Gas Corporation Limited (ONGC) to build a 6 MMSCMD (1) onshore terminal at Odalarevu in Andhra Pradesh, India, as p...

    Statoil And Partners Submit Development plan for Gullfaks Rimfaks valley
    Posted On Dec 16 ,2014 - 12:39-PM | by admin

    Statoil and its partners have decided to develop the Rutil discovery located in the Gullfaks Rimfaks valley in the North Sea. Providing close to 80 million barrels of oil equivalent, the development w...

    Sound Oil Gets Nervesa EIA Final Approval
    Posted On Dec 16 ,2014 - 12:04-AM | by admin

    Sound Oil, the European focused upstream oil and gas company, is pleased to announce that it has received the final EIA approval from the Veneto Region for the second Nervesa appraisal well, which wil...

    Apache Corp announces sale of Wheatstone and Kitimat LNG projects to Woodside Petroleum
    Posted On Dec 16 ,2014 - 12:20-AM | by admin

    Apache Corporation (NYSE, Nasdaq: APA) announced it has agreed to sell its interest in two LNG projects, Wheatstone LNG and Kitimat LNG, along with accompanying upstream oil and gas reserves, to Wood...

    CAMAC Energy to Acquire 3D Seismic Offshore Gambia
    Posted On Dec 16 ,2014 - 12:07-AM | by admin

    CAMAC Energy Inc. (“CAMAC” or the “Company”) (NYSE MKT: CAK) announced that its wholly owned subsidiary, CAMAC Energy Gambia Ltd, awarded a contract for the acquisition of a 3D seismic survey ...

    Amec Foster Wheeler acquires Scopus
    Posted On Dec 16 ,2014 - 12:37-AM | by admin

    Amec Foster Wheeler announces today that it has acquired Scopus Group (Holdings) Limited (Scopus), a market-leading laser scanning, dimensional control and lean engineering[1] company whose precise su...

    Amec Foster Wheeler wins Chevron North Sea Limited engineering contract
    Posted On Dec 16 ,2014 - 12:01-AM | by admin

    Amec Foster Wheeler announced the award of a Front End Engineering Design (FEED) contract by Chevron North Sea Limited (Chevron) to an Amec Foster Wheeler company for the Captain Enhanced Oil Recover...

    CNOOC Announce Liuhua 34-2 Gas Field Commenced Production
    Posted On Dec 16 ,2014 - 12:27-AM | by admin

    CNOOC Limited (the “Company”, NYSE: CEO, SEHK: 00883, TSX: CNU) announced that its Liuhua 34-2 gas field has commenced production. The Liuhua 34-2 gas field is located in the Eastern South Chin...

    Lekoil Announce Otakikpo Marginal Field Project Update
    Posted On Dec 16 ,2014 - 12:57-AM | by admin

    Lekoil (AIM: LEK), the oil and gas exploration and development company with a focus on Nigeria and West Africa, provides an update on its progress on the Otakikpo Marginal Field (“Otakikpo”) in oi...

    Gulf Keystone Announce Kurdistan Operational Update
    Posted On Dec 16 ,2014 - 12:06-AM | by admin

    Gulf Keystone Petroleum Limited, an exploration and production company with operations in the Kurdistan Region of Iraq, today provides an update on the Company's operations at Shaikan, its key produci...

    Repsol reaches an agreement with Talisman energy to acquire the canadian oil company
    Posted On Dec 16 ,2014 - 12:16-AM | by admin

    Repsol has entered into an agreement to acquire 100% of Canadian oil company Talisman Energy worth US$8.3 billion (EU6.64 billion) plus debt. The transaction has been unanimously approved and recomme...

    Afren Announce Completion of Madagascar Block 1101 drilling and coring operations
    Posted On Dec 16 ,2014 - 12:08-AM | by admin

    Afren plc (“Afren” or the “Company”), operator of Block 1101 onshore Madagascar, is pleased to announce the completion of its drilling and coring operations and the discovery of oil in two bor...

    Petrobras Announce Third Quarter 2014 Condensed Information
    Posted On Dec 15 ,2014 - 12:24-PM | by admin

    Petrobras announces that today, in light of new facts that occurred after November 13, 2014, directly or indirectly related to the “Lava Jato Operation”, it decided not to file its consolidated in...

    Technip announces plans to acquire Zimmer Polymer Technologies
    Posted On Dec 15 ,2014 - 12:27-PM | by admin

    Technip announced today that it has entered into an agreement with Air Liquide Global E&C Solutions Germany to purchase all of its Zimmer® polymer technology business. Based in Frankfurt, Germany, th...

    Aker Solutions Wins Hook-Up and Commissioning Contract for Mariner Development
    Posted On Dec 15 ,2014 - 12:55-PM | by admin

    Aker Solutions secured a contract from Daewoo Shipbuilding and Marine Engineering to provide engineering, construction and commissioning services for the hook-up phase of the Mariner oilfield developm...

    Eni successfully completed the production test on Minsala Marine 1 exploration well Offshore Congo
    Posted On Dec 15 ,2014 - 12:51-PM | by admin

    Eni has successfully completed the production test on the Minsala Marine 1 NFW, located in the Marine XII Block offshore Congo, 35 kilometers from the shoreline and 12 kilometers from the recent N...

    Memery Crystal acts on admission to AIM of Management Resource Solutions Plc
    Posted On Dec 12 ,2014 - 12:50-PM | by admin

    Memery Crystal acted for Management Resource Solutions Plc, an Australian human capital resource group, on its admission to trading on AIM. MRS offers a range of consulting services to the engineering...

    Tower Resources Update on Badada-1 Well Site Preparation and Rig Contract
    Posted On Dec 12 ,2014 - 12:27-AM | by admin

    Tower Resources plc (the “Company” or “Tower” (TRP.L, TRP LN)), the AIM-listed Africa-focussed oil and gas exploration company, notes the announcement dated 11 December 2014 from the Operator,...

    Eni adopts the new recommendations of the Corporate Governance Code
    Posted On Dec 12 ,2014 - 12:13-AM | by admin

    The Board of Directors resolved to adopt the new recommendations of the Corporate Governance Code for listed companies approved on 14 July 2014. The Board of Directors acknowledged that Eni's corp...

    EIA forecasts $68-per-barrel average Brent crude price in 2015
    Posted On Dec 11 ,2014 - 12:20-PM | by admin

    EIA’s December Short-Term Energy Outlook (STEO), released yesterday, forecasts that Brent crude oil prices will average $68 per barrel (bbl) in 2015, with prices up to $5/bbl below the annual averag...

    SacOil Announce Changes to Board
    Posted On Dec 11 ,2014 - 12:10-PM | by admin

    SacOil, the African independent upstream Oil & Gas Company, is pleased to announce the appointment of Mr Damain Matroos as the Chief Financial Officer of SacOil with effect from 1 February 201...

    Neste Oil supplies low sulphur marine fuel to Finnlines
    Posted On Dec 11 ,2014 - 12:19-AM | by admin

    Finnlines has chosen Neste Oil as its low sulphur marine fuel supplier to its two vessels operating in Naantali - Kapellskär route. Neste Oil will supply the product from its refinery in Naantali. ...

    Oil Price Tumbles After OPEC Releases 2015 Forecast
    Posted On Dec 11 ,2014 - 12:27-AM | by admin

    The demand for oil in 2015 will drop to its lowest level since 2002 because of an oversupply of crude and stagnant economies in China and Europe, according to OPEC's latest forecast. And that's just o...

    Alexander B. Cummings Jr. Elected to Chevron Board of Directors
    Posted On Dec 11 ,2014 - 12:14-AM | by admin

    Chevron Corporation (NYSE: CVX) announced that Alexander B. Cummings Jr. has been elected to Chevron's board of directors, and he will serve on the company's Audit Committee. John Watson, ...

    Saudi Aramco and ExxonMobil Joint Venture Completes Clean Fuels Project
    Posted On Dec 11 ,2014 - 12:31-AM | by admin

    Saudi Aramco Mobil Refinery Company Limited (SAMREF), a joint venture of Saudi Aramco and ExxonMobil, has completed construction of major desulfurization facilities, including a new hydrotreater, that...

    ONGC Videsh awarded exploration permit in offshore New Zealand
    Posted On Dec 10 ,2014 - 12:32-PM | by admin

    ONGC Videsh Ltd has won an Exploration Block- 14TAR-R1 in New Zealand in the Bidding Round Block Offer-2014 by the Government of New Zealand. The bidding round was launched in April 2014 offering five...

    BG Announce First gas from the Starfish field in Trinidad and Tobago
    Posted On Dec 10 ,2014 - 12:24-PM | by admin

    BG Group has delivered first gas from its Starfish field in the East Coast Marine Area of Trinidad with the start-up of the first well in the programme. This production will ensure a reliable flow of ...

    Norway's Oil Decline Accelerating
    Posted On Dec 10 ,2014 - 12:26-PM | by admin

    New oil projects are being scrapped in Norway amid falling production and low oil prices. Long held up as the model for managing oil abundance, Norway has painstakingly sought to prevent the probl...

    JBA Operating's new enhanced oil recovery and exploration technologies
    Posted On Dec 10 ,2014 - 12:20-AM | by admin

    Energy companies that are focused on the Austin Chalk formation in South Texas are now benefiting from the use of JBA Operating’s innovative oil and gas exploration technology. These companies a...

    BG Group agrees sale of Australian pipeline for US$5 billion
    Posted On Dec 10 ,2014 - 12:48-AM | by admin

    BG Group plc (LSE: BG.L), a world leader in exploration and LNG, today announced it has agreed to sell its wholly-owned subsidiary QCLNG Pipeline Pty Ltd to APA Group (ASX: APA), Australia's largest g...

    Total Announces Organization Changes And New Appointments In Exploration And Production Branch
    Posted On Dec 09 ,2014 - 12:51-PM | by admin

    As from January 1st 2015, the Exploration and Production Branch of Total will be restructured with five geographical divisions, an Exploration division and five functional divisions. Arnau...

    ExxonMobil’s Outlook for Energy Sees Global Increase in Future Demand
    Posted On Dec 09 ,2014 - 12:36-PM | by admin

    Global energy demand seen rising 35 percent from 2010 to 2040 Energy demand shifts strongly to developing nations as middle class expands North America to become a net exporter of oil and natural ga...

    GMS announces five-year contract award for first new build Mid-Size Class vessel
    Posted On Dec 09 ,2014 - 12:39-PM | by admin

    Gulf Marine Services (LSE:GMS), the leading provider of advanced self-propelled self-elevating support vessels (SESV) serving the offshore oil, gas and renewable energy sectors, is pleased to announce...

    Total Energy Ventures Invests in Solidia Technologies
    Posted On Dec 09 ,2014 - 12:36-PM | by admin

    Total Energy Ventures (TEV), the venture capital arm of French energy company Total, is investing in Solidia Technologies, which has developed a process that uses carbon dioxide to manufacture sustain...

    Neste Oil to supply new low sulfur marine fuel to Tallink Grupp's ferries
    Posted On Dec 09 ,2014 - 12:35-PM | by admin

    Neste Oil and AS Tallink Grupp have signed a partnership agreement according to which Neste Oil will supply low sulfur marine diesel oil to Tallink Grupp's ferries making port calls in Finland. The ma...

    RWE Dea increases production volumes and plans further exploration in Egypt
    Posted On Dec 09 ,2014 - 12:50-AM | by admin

    RWE Dea doubled its oil and gas production in Egypt. North Africa is a strategic core region for Dea. The company is one of the leading foreign investors in Egypt and produces oil and gas in the count...

    Statoil adds permits to New Zealand portfolio
    Posted On Dec 09 ,2014 - 12:44-AM | by admin

    Statoil has been awarded four new exploration permits offshore New Zealand, building on its existing position. This deepens and diversifies Statoil’s long-term portfolio. The permits are awarded ...

    Total sells its remaining stake in GTT to Temasek
    Posted On Dec 08 ,2014 - 12:36-PM | by admin

    Total has entered into a definitive agreement for the acquisition by Temasek of Total’s entire remaining stake in GTT (Gaztransport & Technigaz), representing 10.4% of the company. In February 2014,...

    Eni starts production at West Hub Development, deep offshore Angola
    Posted On Dec 08 ,2014 - 12:33-PM | by admin

    Eni has started production of first oil from the West Hub Development Project in Block 15/06 in the Angolan Deep Offshore, approximately 350 kilometres northwest of Luanda and 130 kilometres west of S...

    ConocoPhillips Sets 2015 Capital Budget of $13.5 Billion
    Posted On Dec 08 ,2014 - 12:41-PM | by admin

    ConocoPhillips (NYSE: COP) announced a 2015 capital budget of $13.5 billion, a decrease of approximately 20 percent compared to 2014. The reduction in capital relative to 2014 primarily reflects lower...

    SACOIL, THE PIC AND IGEPE SIGN A JOINT DEVELOPMENT AGREEMENT
    Posted On Dec 08 ,2014 - 12:22-PM | by admin

    Further to the announcement dated 31 March 2014, SacOil, the Public Investment Corporation SOC Limited (“PIC”) and The Instituto de Gestão das Participações do Estado (“IGEPE”) (collectivel...

    Wood Group awarded multi-year contract with ExxonMobil in Malaysia
    Posted On Dec 08 ,2014 - 12:13-AM | by admin

    Wood Group has been awarded a multi-year contract by ExxonMobil Exploration and Production Malaysia Inc (EMEPMI), a subsidiary of Exxon Mobil Corporation. Wood Group PSN and Wood Group Mustang will...

    Mosman Oil and Gas Limited Announce Canning Basin Update
    Posted On Dec 08 ,2014 - 12:37-AM | by admin

    The Directors of Mosman Oil and Gas Limited (“Mosman” or the “Company”) (AIM: MSMN) the New Zealand and Australia focussed oil exploration and development company announced today that the Join...

    Royal Dutch Shell plc third quarter 2014 Euro and GBP equivalent dividend payments
    Posted On Dec 05 ,2014 - 12:10-PM | by admin

    The Board of Royal Dutch Shell plc (“RDS”) today announced the pounds sterling and euro equivalent dividend payments in respect of the third quarter 2014 interim dividend, which was announced on O...

    SGC Energia, Velocys, RBN Energy, Oberon Fuels, EmberClear to present at Gas to Liquids North America 2015 in Houston
    Posted On Dec 05 ,2014 - 12:33-AM | by admin

    Building on 17 years of working in the GTL industry, SMi are delighted to announce its 2nd annual Gas to Liquids North America Conference. GTL North America 2015 will cover the key as...

    Cleantech Solutions International Receives $2.2 Million in Orders for Oil Refinery Parts and Equipment
    Posted On Dec 05 ,2014 - 12:03-AM | by admin

    Cleantech Solutions International, Inc. ("Cleantech Solutions" or "the Company") (NASDAQ:CLNT), a manufacturer of metal components and assemblies used in various clean technology and manufacturing ind...

    Eland Oil & Gas Gets Access to US$22 million Loan Facility
    Posted On Dec 05 ,2014 - 12:25-AM | by admin

    Eland (AIM: ELA), an oil & gas production, development and exploration company operating in West Africa with a principal focus on Nigeria, is pleased to announce that it has satisfied all the conditio...

    Ophir Energy Signs PSC Contract With Myanmar
    Posted On Dec 05 ,2014 - 12:13-AM | by admin

    Ophir Energy plc announced that it has signed a Production Sharing Contract with the Myanmar Ministry of Energy which finalises the award of Block AD-03 offshore Myanmar. Ophir has a 95% operated ...

    Carnarvon reaches agreement to divest the balance of its Thailand assets
    Posted On Dec 04 ,2014 - 12:04-AM | by admin

    Carnarvon Petroleum Limited (ASX: CVN) (“Carnarvon”) is pleased to advise that the Company has entered into a Sale and Purchase Agreement (SPA) to divest its remaining 20% interest in the Thailand...

    Egdon Resources Announce Exercise of Exploration Option and Farm-in Agreement, PL161 and PL162
    Posted On Dec 04 ,2014 - 12:20-AM | by admin

    Further to the announcement made on 5 December 2013, Egdon Resources plc (AIM:EDR) is pleased to announce that it has exercised its Exploration Option and Farm-in Agreement ("The Agreement") with Scot...

    Could falling oil prices spark a financial crisis?
    Posted On Dec 04 ,2014 - 12:33-AM | by admin

    The oil and gas boom in the United States was made possible by the extensive credit afforded to drillers. Not only has financing come from company shareholders and traditional banks, but hundreds of b...

    Boeing tests Neste Oil's NEXBTL renewable diesel in an airplane
    Posted On Dec 04 ,2014 - 12:11-AM | by admin

    The airplane manufacturer Boeing has successfully tested Neste Oil's NEXBTL diesel fuel as a component of aviation fuel. The first test flight took place on the U.S. using a Boeing 787 Dreamliner, and...

    Petroleos de Venezuela (PDVSA) And Eni Meet in Caracas
    Posted On Dec 03 ,2014 - 12:38-AM | by admin

    The President of Petroleos de Venezuela (PDVSA), Eulogio Del Pino and Eni’s Chief Executive Officer, Claudio Descalzi met in Caracas for an update about the ongoing activities and common projects in...

    Montney Shale, Companies Seek More Infrastructure
    Posted On Dec 03 ,2014 - 12:32-AM | by admin

    What does it take to build up a new region for oil and gas development? Obviously, the resources have to be in place and economically recoverable. But it is not as easy as just sticking a drill into t...

    Petrobras announces first discovery at Colombian Caribbean deep waters
    Posted On Dec 03 ,2014 - 12:50-AM | by admin

    Petróleo Brasileiro S.A. – Petrobras announces the discovery of natural gas accumulation at Orca – 1 exploratory well, in Tayrona Block, at Colombian Caribbean deep waters, 40 km off the coast o...

    Petrobras starts production at St. Malo in the U.S. Gulf of Mexico
    Posted On Dec 03 ,2014 - 12:23-AM | by admin

    Petrobras announces that production started at the St. Malo field. The field is located approximately 280 miles (450 km) south of New Orleans, Louisiana, in water depths of approximately 7,000 feet (2...

    Statoil Announce First oil from Gulf of Mexico Jack/St. Malo project
    Posted On Dec 03 ,2014 - 12:36-AM | by admin

    Oil and natural gas production started today from the partner-operated Jack/St. Malo project in the US Gulf of Mexico. Statoil’s expected production from the combined fields is 23,000 barrels of oil...

    Chevron Announces First Oil From Jack/St. Malo Project in the Gulf of Mexico
    Posted On Dec 03 ,2014 - 12:42-AM | by admin

    Chevron Corporation (NYSE: CVX) announced that crude oil and natural gas production has begun at the Jack/St. Malo project in the Lower Tertiary trend, deepwater U.S. Gulf of Mexico. Jack/St. Malo is ...

    CME Group Volume Averaged 13.0 Million Contracts per Day in November 2014, Up 7 Percent from November 2013
    Posted On Dec 03 ,2014 - 12:28-AM | by admin

    CME Group, the world's leading and most diverse derivatives marketplace, today announced that November 2014 volume averaged 13.0 million contracts per day, up 7 percent from November 2013. Total volu...

    Payment made for Shaikan crude oil exports
    Posted On Dec 02 ,2014 - 12:10-AM | by admin

    Gulf Keystone Petroleum Limited ("Gulf Keystone" or the "Company") is pleased to announce that, further to the recent statement by the Ministry of Natural Resources (MNR) of the Kurdistan Regional Gov...

    CGX Energy Announces Settlement Agreement with Repsol
    Posted On Dec 02 ,2014 - 12:12-AM | by admin

    CGX Energy Inc. ("CGX Energy") announced the settlement of the claims brought against Repsol Exploración, S.A. ("Repsol") relating to the joint operating agreement governing the Georgetown Block (the...

    Total Announces the Jisik Discovery in the Kurdistan Region of Iraq
    Posted On Dec 01 ,2014 - 12:01-PM | by admin

    Located 60 kilometers from the city of Erbil, the Jisik-1 discovery well on the Harir Block was drilled to a depth of 4,511 meters and encountered light oil and gas with condensates intervals in Juras...

    Statoil completes New transaction with Wintershall
    Posted On Dec 01 ,2014 - 12:40-AM | by admin

    Statoil has now completed the transaction with the German oil and gas company Wintershall to farm down in Aasta Hansteen, Asterix and Polarled and exit two assets—the non-core Vega and Gjøa fields...

    African Petroleum Says Gambian Licences Reinstated
    Posted On Dec 01 ,2014 - 12:52-AM | by admin

    African Petroleum Corporation, an independent oil and gas exploration company operating eight licences in four countries offshore West Africa, is pleased to announce that it has entered into an agreem...

    Polarcus awarded 3D seismic acquisition project offshore Brazil
    Posted On Dec 01 ,2014 - 12:59-AM | by admin

    Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) announced that the Company has signed a Letter of Intent ("LOI") with an undisclosed client for a 3D marine seismic acquisition project offsh...

    President Energy Announce Corporate Update
    Posted On Dec 01 ,2014 - 12:53-AM | by admin

    President is pleased to announce that following the recent acquisition of operatorship and 100% ownership of the Puesto Guardian Concession, the Company has agreed to modify the monies payable under t...

    Rose Petroleum plc Announce Fundraising of £3.5m by way of a conditional placing and subscription
    Posted On Dec 01 ,2014 - 12:25-AM | by admin

    Rose Petroleum plc, the AIM-listed (Ticker: ROSE) natural resources company, is pleased to announce its intention to raise £3.5m by way of a conditional placing and subscription. Summary o...

    Roxi Petroleum Issues Operational Update
    Posted On Dec 01 ,2014 - 12:43-AM | by admin

    Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to further update the market with news of progress at its BNG asset and also to set out its corporate strategy for th...

    Taipan Announces Temporary Injunction Order Lifted at Badada-1 Wellsite
    Posted On Dec 01 ,2014 - 12:49-AM | by admin

    Further to the announcement dated November 17, 2014, Taipan Resources Inc. (TSX VENTURE:TPN)(OTCQX:TAIPF) ("Taipan", "the Company") reports that the Lawyers representing the Company's wholly-owned Ken...

    BG Group revises Chief Executive remuneration package
    Posted On Dec 01 ,2014 - 12:35-AM | by admin

    Following extensive shareholder consultation, the BG Group Board and Helge Lund wish to respond to BG Group shareholder concerns. The Company today announces revisions to the remuneration package for ...

    Université Total Kicks Off the Climate Debate
    Posted On Nov 30 ,2014 - 11:04-PM | by admin

    Christophe de Margerie wanted energy professionals to make their voices heard in the public debate about climate change and the energy transition. And that's just what happened on Friday, November 21 ...

    Repsol and NNK group their Russian joint venture assets into a single management company
    Posted On Nov 30 ,2014 - 11:44-PM | by admin

    Repsol and NNK have agreed to group their Russian joint venture assets into a single management company to help optimise operational decision-taking, reduce costs and achieve maximum synergies from th...

    African Petroleum Announce Gambian Licences Reinstated
    Posted On Nov 28 ,2014 - 11:29-PM | by admin

    African Petroleum Corporation, an independent oil and gas exploration company operating eight licences in four countries offshore West Africa, is pleased to announce that it has entered into an agreem...

    OPEC 166th Meeting concludes
    Posted On Nov 28 ,2014 - 11:44-PM | by admin

    The 166th Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) was held in Vienna, Austria, on Thursday, 27th November 2014 under the Chairmanship of its President...

    Technip awarded an important subsea contract by Statoil at the Gullfaks field in Norway
    Posted On Nov 28 ,2014 - 11:17-AM | by admin

    Technip signed an important(1) lumpsum contract with Statoil ASA for the Gullfaks Rimfaksdalen (GRD) Marine Operations Pipelay and Subsea Installation project. This project is an option to the Snøhvi...

    Official opening of Statoil’s Berlin office
    Posted On Nov 28 ,2014 - 11:06-AM | by admin

    Statoil’s representative office in Berlin was officially opened on 27 November by marketing and trading senior vice president Rune Bjørnson. The opening of the office reflects Statoil’s increased...

    New Wet Gas Discovery at Varanus South-1
    Posted On Nov 27 ,2014 - 11:43-AM | by admin

    Drillsearch Energy Limited (ASX: DLS) is pleased to announce a new wet gas discovery on the Western Cooper Wet Gas Fairway of the Cooper Basin. The Varanus South-1 well in PEL 513 (Drillsearch 40% an...

    Neste Oil launches a new low-sulphur marine fuel in December
    Posted On Nov 27 ,2014 - 11:38-AM | by admin

    Neste Oil will bring to the market a low-sulphur marine fuel in accordance with the EU Sulphur Directive requirements entering into force in 2015, and will begin distributing it in mid-December. The n...

    Gazprom stays focused on developing the long-term strategic relationships
    Posted On Nov 26 ,2014 - 11:23-PM | by admin

    Gazprom and Eni address prospects for enhancing bilateral cooperation Sochi hosted a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Claudio D...

    Tangiers wins bid for significant interest in US Oil and Gas Project
    Posted On Nov 26 ,2014 - 11:23-PM | by admin

    Tangiers Petroleum Limited (“Tangiers” or the “Company”) announced that it has entered into Binding Agreements to acquire a significant working interest in a large acreage position on a multip...

    Faroe announce successful completion of sale of Glenlivet Field Interest
    Posted On Nov 26 ,2014 - 11:43-PM | by admin

    Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce the completion of the sale...

    BG Group pay deal “excessive, inflammatory and contrary to the principles of good corporate governance.”
    Posted On Nov 26 ,2014 - 11:13-PM | by admin

    Commenting on the decision of BG Group to award a £25 million pay deal to incoming Chief Executive, Helge Lund, Simon Walker, Director General of the Institute of Directors, said: “The Institute...

    Otto Energy getsvan extension of Sub Phase 4 of Service Contract 55 (SC55)
    Posted On Nov 26 ,2014 - 11:30-AM | by admin

    Otto Energy Limited (Company) (ASX: OEL) is pleased to announce that the Philippines Department of Energy (DOE) has today granted an extension of Sub Phase 4 of Service Contract 55 (SC55) for a period...

    Petrobras create the position of Governance, Risk and Compliance Executive Director
    Posted On Nov 26 ,2014 - 11:24-AM | by admin

    Petrobras announces that its Board of Directors approved, at a meeting held today, to create the position of Executive Director of Governance, Risk and Compliance with the duty of ensuring process com...

    Neste Oil's statutory employer-employee negotiations complete - company to let 203 employees go
    Posted On Nov 26 ,2014 - 11:40-AM | by admin

    Neste Oil has completed the statutory employer-employee negotiations commenced on 7 October, 2014. The negotiations concerned the personnel of Neste Oil Corporation, Neste Renewable Fuels Oy, and Nest...

    Follow The Sand To The Real Fracking Boom
    Posted On Nov 25 ,2014 - 11:43-PM | by admin

    When it takes up to four million pounds of sand to frack a single well, it’s no wonder that demand is outpacing supply and frack sand producers are becoming the biggest behind-the-s...

    Neste Jacobs Selected to Implement SunPine's Tall Oil Rosin Production Facility in Piteå, Sweden
    Posted On Nov 25 ,2014 - 11:16-AM | by admin

    Technology, engineering and project management company Neste Jacobs and SunPine, producing biochemicals and feedstock for second-generation renewable fuels, have signed an agreement for Neste Jacobs t...

    Petrobras completes drilling of first appraisal well in the Libra Consortium area
    Posted On Nov 24 ,2014 - 11:47-PM | by admin

    Petrobras completed, on November 6th, the drilling of the first appraisal well in the Libra Consortium area, the 3-BRSA-1255 (3-RJS-731), informally known as NW1. Located in the northwest portion of t...

    Stephen Pryor to Retire as President of ExxonMobil Chemical Company
    Posted On Nov 24 ,2014 - 11:43-AM | by admin

    Stephen D. Pryor, president, ExxonMobil Chemical Company and vice president of Exxon Mobil Corporation (NYSE:XOM), has elected to retire on January 1, 2015, after more than 44 years of service. It ...

    Petrobras starts-up FPSO Cidade de Ilhabelha in Santos Basin pre-salt Sapinhoá field
    Posted On Nov 24 ,2014 - 11:15-AM | by admin

    Petrobras announces that the offshore platform Cidade de Ilhabela started-up this Thursday, November 20, at 5:37 a.m., in the Santos Basin pre-salt field of Sapinhoá. The new unit is part of the set ...

    Statoil cancels the Stena Carron rig contract
    Posted On Nov 21 ,2014 - 11:55-PM | by admin

    Statoil has decided to cancel the Stena Carron rig contract after fulfilling the work commitments in the Statoil-operated blocks 38 and 39 in the Kwanza basin offshore Angola. The rig contr...

    INEOS moves to become biggest player in the UK Shale Gas Industry
    Posted On Nov 21 ,2014 - 11:53-AM | by admin

    INEOS has announced it is planning to invest $1 billion in UK onshore Shale gas exploration and appraisal. Substantial further investment would follow if the company moved into development and product...

    ExxonMobil Awards Alternate Path Completion License to Delta Screens
    Posted On Nov 21 ,2014 - 11:34-AM | by admin

    ExxonMobil Upstream Research Company has awarded Delta Screens & Filtration LLC a limited international license to ExxonMobil’s Alternate Path technology patent portfolio for gravel packing cased an...

    Apache Corporation will provide an update to investors at its North American Update conference in New York today.
    Posted On Nov 21 ,2014 - 11:25-AM | by admin

    Apache Corporation (NYSE, Nasdaq: APA) will provide an update to investors at its North American Update conference in New York today. Highlights from the Update include:

  • Ap...

  • Ophir Energy plc announces an operational update on recent drilling in Tanzania.
    Posted On Nov 21 ,2014 - 11:05-AM | by admin

    The Tende-1 well was drilled in East Pande by the Deepsea Metro I drillship in a water depth of 781m to a total depth of 4,153m targeting the Cretaceous-aged Tende prospect. Although gas traces were e...

    Technip to supply high technological flexible pipes for Tupi BV Iracema North pre-salt field
    Posted On Nov 21 ,2014 - 11:01-AM | by admin

    Confirming its expertise and innovation in deepwater and leveraging its new state-of-the-art manufacturing plant in Açu, Brazil. Technip was awarded a contract from Tupi BV, a consortium controlle...

    Total Commits to Three Major International Initiatives to Combat Climate Change
    Posted On Nov 20 ,2014 - 11:54-PM | by admin

    Total is consolidating its efforts to address climate change by supporting three international initiatives backed by the Global Compact, the World Bank and the Climate and Clean Air Coalition (CCAC). ...

    Iran Negotiations, OPEC Meeting Loom For Oil Markets
    Posted On Nov 20 ,2014 - 11:24-AM | by admin

    As November draws to a close, there are two major events that could profoundly change the oil markets. With the clock ticking, the 5 permanent members of the UN Security Council plus Germany (P5 p...

    Primeline Signs Project Finance Contract
    Posted On Nov 20 ,2014 - 11:00-AM | by admin

    Primeline Energy Holdings Inc. ("Primeline" or the "Company") (TSX VENTURE:PEH) announces that the binding documentation for the project finance facility for the financing of its share of the costs to...

    Technip approaches CGG to create a first tier oil and gas services provider
    Posted On Nov 20 ,2014 - 11:52-AM | by admin

    Following information released in the press, Technip announces that, on Monday, November 10, 2014, it approached CGG to create a first tier oil and gas services provider. The proposed transaction woul...

    TransCanada to Provide Strategic and Financial Outlook at Investor Day
    Posted On Nov 19 ,2014 - 11:49-AM | by admin

    TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) will hold its annual investor day in Toronto today where it will review the outlook for its natural gas pipelines, liquids pipelines and ener...

    TransCanada's Tamazunchale Pipeline Extension Now Operational
    Posted On Nov 19 ,2014 - 11:12-AM | by admin

    TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) announced that it has placed into service the Tamazunchale Pipeline Extension, the most recent natural gas infrastructure project to be compl...

    Neste Jacobs Selected to Implement Norilsk Nickel LNG Station in Harjavalta, Finland
    Posted On Nov 19 ,2014 - 11:37-AM | by admin

    Technology, engineering and project management company Neste Jacobs will perform Project Management, Engineering, Procurement and Construction Management services to construct Norilsk Nickel LNG Stati...

    TAQA reports income of AED 620 million for 9M 2014
    Posted On Nov 18 ,2014 - 11:56-PM | by admin

    TAQA, the Abu Dhabi National Energy Company, generated net income of 620 million dirhams and reduced its debt by over 3 billion dirhams during the first nine months of 2014. TAQA's oil and gas pro...

    IEA members and 10 partner countries test emergency response systems
    Posted On Nov 18 ,2014 - 11:06-PM | by admin

    The International Energy Agency completed its latest biennial Emergency Response Exercise (ERE) on 18 November, as delegates from member and 10 non-member countries in Paris practiced and improved ski...

    Halliburton and Baker Hughes Reach Agreement to Combine in Stock and Cash Transaction Valued at $34.6 Billion
    Posted On Nov 18 ,2014 - 11:26-PM | by admin

    Halliburton Company (NYSE: HAL) and Baker Hughes Incorporated (NYSE: BHI) announced a definitive agreement under which Halliburton will acquire all the outstanding shares of Baker Hughes in a stock an...

    Eco Atlantic Announces Completion Of 3D Seismic Survey On Cooper Block, Offshore Namibia
    Posted On Nov 18 ,2014 - 11:53-PM | by admin

    Eco (Atlantic) Oil & Gas Ltd. (“Eco Atlantic” or the “Company”) (TSX-V:EOG, NSX:EOG) is pleased to announce that, further to its news release dated October 16th, 2014, it has completed its 1,0...

    Tower Resources Announce Kenya Drilling Update
    Posted On Nov 18 ,2014 - 11:45-AM | by admin

    Tower Resources plc (the “Company” or “Tower” (TRP.L, TRP LN)), the AIM-listed Africa-focussed oil and gas exploration company, notes the announcement dated 17 November 2014 from the Operator,...

    Eni strengthens its presence in Turkmenistan
    Posted On Nov 18 ,2014 - 11:15-AM | by admin

    The Director of The State Agency for Management and Use of Hydrocarbon Resources, Yagshygeldy Kakayev, the chairman of State Concern Turkmenneft, Tachdurdy Begdjanov, and Eni’s CEO, Claudio Descalzi...

    Technip awarded engineering and procurement contract for Westlake Chemical’s ethylene plant expansion in Louisiana
    Posted On Nov 18 ,2014 - 11:31-AM | by admin

    Technip was awarded a contract by Westlake Chemical Corporation (NYSE: WLK) to provide detailed engineering and procurement services to expand the recovery section of Westlake’s Petro 1 ethylene pla...

    Petrobras Announce Third Quarter 2014 Operational Performance
    Posted On Nov 17 ,2014 - 11:54-PM | by admin

    In the 3rd quarter of 2014, oil and NGL production in Brazil rose 9% from the same period of 2013, reaching an average of 2 million 90 thousand barrel per day (bpd), mainly, due to production ramp up...

    GE Oil & Gas Commences Fabrication of Subsea Wellheads in Nigeria
    Posted On Nov 17 ,2014 - 11:50-PM | by admin

    After nearly four years of planning and investing more than $4.5 million in facilities, recruitment and training, GE Oil & Gas (NYSE: GE) has added the capability to fabricate subsea wellheads in Nige...

    Chevron Confirms First Oil Production From Tubular Bells in the Gulf of Mexico
    Posted On Nov 17 ,2014 - 11:49-PM | by admin

    Chevron Corporation (NYSE:CVX) announced today that the Hess Corporation-operated Tubular Bells deepwater project, located in the U.S. Gulf of Mexico, has started crude oil and natural gas production....

    Hess Corporation Announces First Production from the Tubular Bells Field in the Gulf of Mexico
    Posted On Nov 17 ,2014 - 11:28-PM | by admin

    Hess Corporation (NYSE: HES) today announced that production has commenced from the Tubular Bells Field, located in the Mississippi Canyon area of the deepwater Gulf of Mexico. Hess holds a 57.14 per...

    Eni and Sonangol sign strategic agreement on Angolan gas development
    Posted On Nov 17 ,2014 - 11:02-PM | by admin

    The Chairman of Sonangol, the National Oil Company of Angola, Francisco de Lemos Maria, and Eni's CEO Claudio Descalzi signed today a strategic agreement on future co-operation activities and joint pr...

    Statoil CEO Says Oil and gas investments needed to meet future demand
    Posted On Nov 17 ,2014 - 11:18-AM | by admin

    "The scale of the climate challenge requires us not only to ask how we can do more, but how we can achieve the most. Climate change doesn’t stop at borders – and neither should our solutions,” <...

    Xcite Energy announces MOU with China Oilfield Services Limited
    Posted On Nov 17 ,2014 - 11:09-AM | by admin

    Xcite Energy announces that its 100% subsidiary, Xcite Energy Resources plc ("XER"), has entered into a Memorandum of Understanding ("MOU") with China Oilfield Services Limited ("COSL"), which sets ou...

    Egdon Announces Acquisition of Yorkshire Exploration Limited
    Posted On Nov 17 ,2014 - 11:18-AM | by admin

    Egdon Resources plc (AIM:EDR) is pleased to announce that it has reached an agreement to acquire the entire issued share capital of Yorkshire Exploration Limited ("YEL"). YEL is a private company, w...

    Neste Oil among the most interesting bioenergy companies
    Posted On Nov 15 ,2014 - 11:26-PM | by admin

    Biofuels Digest, online news publication covering the bioenergy field, has ranked Neste Oil 23rd on its list of the hottest bioenergy companies. Neste Oil is the only Finnish company to be included in...

    IEA Says Oil Supplies May Not Keep Up With Demand
    Posted On Nov 15 ,2014 - 11:58-PM | by admin

    Despite what appears to be a saturated oil market in 2014, oil producers around the world will struggle to meet rising demand over the next few decades. In its latest annual World Energy O...

    Oando Energy Resources announce third quarter results
    Posted On Nov 14 ,2014 - 11:02-PM | by admin

    Oando Energy Resources Inc. (“OER” or the “Company”) (TSX: OER), a company focused on oil and gas exploration and production in Nigeria, announced financial and operating results for the three...

    Aker Solutions ASA to Execute Employee Share Purchase Program
    Posted On Nov 14 ,2014 - 11:25-AM | by admin

    Aker Solutions is offering employees in selected jurisdictions the opportunity to purchase shares in the company. The 2014 employee share purchase program allows participants to buy shares for betw...

    Petrobras announce its plans on Third quarter 2014 financial statements
    Posted On Nov 14 ,2014 - 11:23-AM | by admin

    Petrobras announces that it will not file its third quarter 2014 financial statements (ITR 3Q14) accompanied by a review report of its Independent Auditors, PricewaterhouseCoopers (PwC), with the Comi...

    ADMA-OPCO selects Technip for Project Management Consultancy services for the Nasr Phase II Full Field Development Project
    Posted On Nov 14 ,2014 - 11:49-AM | by admin

    Technip was awarded by Abu Dhabi Marine Operating Company (ADMA-OPCO) a contract for project management consultancy (PMC) services for the engineering, procurement and construction (EPC) works of the ...

    Songa Offshore SE Announce New incentive programs established for employees
    Posted On Nov 14 ,2014 - 11:56-AM | by admin

    The Board of Directors of Songa Offshore SE (the "Company" and together with its subsidiaries the "Songa Offshore Group") has established a new Long-Term Incentive Program for management and certain k...

    Total Energy Ventures invests in Aquion Energy
    Posted On Nov 13 ,2014 - 11:04-PM | by admin

    Total Energy Ventures, the venture capital arm of French energy company Total, is investing in Aquion Energy, a start-up specialized in energy storage technology. Pittsburgh-based Aquion Energy dev...

    CAMAC Energy Announces Third Quarter 2014 Results
    Posted On Nov 13 ,2014 - 11:38-PM | by admin

    CAMAC Energy Inc. (“CAMAC Energy” or the “Company”) (NYSE MKT: CAK) announced today financial and operational results for the three months ended September 30, 2014. The Company plans to file i...

    Technip invests in the modernization of its flexible pipe plant in Le Trait, France
    Posted On Nov 13 ,2014 - 11:57-PM | by admin

    Technip announces an investment over four years to modernize its flexible pipe manufacturing plant, Flexi France, in Le Trait, France. Further strengthening Technip’s expertise and industrial capabi...

    Premier Announce Interim Management Statement
    Posted On Nov 13 ,2014 - 11:14-PM | by admin

    Premier today provides its Interim Management Statement for the period 1 January to 31 October 2014. Highlights * Year to date production averaged 64.0 kboepd, up 12.6% on prior corresponding pe...

    SOCO announces Interim Management Statement to 12 November 2014
    Posted On Nov 13 ,2014 - 11:09-PM | by admin

    SOCO International plc today announces its Interim Management Statement relating to the period from 1 July 2014 to 12 November 2014. Operations · Production averaged 13,598...

    Drilling and testing concludes in Sidi Moussa Licence, offshore Morocco
    Posted On Nov 13 ,2014 - 11:45-PM | by admin

    Serica Energy plc (AIM & TSX: SQZ) confirms that testing operations have now concluded on the SM-1 well (Serica 5% working interest) on the Sidi Moussa Licence, offshore Morocco. The well was drilled...

    Genel Energy plc Announce Agreement with MNR for development of Miran and Bina Bawi
    Posted On Nov 13 ,2014 - 11:41-PM | by admin

    Agreement reached for acquisition of Bina Bawi stake from OMV Genel Energy plc ("Genel" or "the Company") announced that it has reached an agreement with the Ministry of Natural Resources ("MNR") of ...

    Gulf Keystone Announce Kurdistan Operational Update
    Posted On Nov 13 ,2014 - 11:15-PM | by admin

    Gulf Keystone Petroleum Limited, an exploration and production company with operations in the Kurdistan Region of Iraq, today provides an update on the Company's operations at Shaikan, its key produci...

    San Leon Energy Plc Announce Morocco Well Testing Completion, Plugging And Abandonment
    Posted On Nov 13 ,2014 - 11:04-PM | by admin

    San Leon Plc ("San Leon"), the AIM listed company focused on oil and gas exploration in Europe and North Africa, notes the press release issued this morning on the SM-1 well by Genel Energy Plc ("Gene...

    Amec Foster Wheeler unveiled - leadership team confirmed
    Posted On Nov 13 ,2014 - 11:15-PM | by admin

    Amec Foster Wheeler plc today announces the creation of a new force in global engineering, project delivery, asset support, power equipment and consultancy following the completion of the £5bn combin...

    AMEC Successfully Completes Offer for Foster Wheeler
    Posted On Nov 13 ,2014 - 11:39-PM | by admin

    AMEC plc ("AMEC") and AMEC International Investments BV, AMEC's direct wholly-owned subsidiary, are pleased to announce that the offer (the "Offer") to purchase all of the issued and to be issued regi...

    Early Signs Of A Pullback In Drilling Activity
    Posted On Nov 13 ,2014 - 11:24-AM | by admin

    With oil prices low and showing no sign of an immediate rebound, the industry is beginning to pull back on spending. Oil prices have dropped around 30 percent since summer highs, raising fears amo...

    Neste Oil selected again to a sustainable development index and sustainable investment fund
    Posted On Nov 13 ,2014 - 11:57-AM | by admin

    Neste Oil has been selected again to the STOXX® Global ESG Leaders index and the Storebrand Trippel Smart and SPP Global Topp 100 fund as a sustainable investment object. The STOXX Global ESG Lead...

    Technip awarded a subsea contract for the K2 field in the Gulf of Mexico
    Posted On Nov 13 ,2014 - 11:55-AM | by admin

    Technip has been awarded a contract by Anadarko Petroleum Corporation for the K2 Riser Base Gas Lift project, located in Green Canyon 608 in the Gulf of Mexico, at a water depth of approximately 1,300...

    GE Oil & Gas Supplying PETRONAS with Turbomachinery for Second Floating LNG Facility
    Posted On Nov 12 ,2014 - 11:56-PM | by admin

    GE Oil & Gas (NYSE: GE) announced it will supply its proven gas turbine-driven compressor train and mechanical drive technology to Malaysia’s national oil and gas company, PETRONAS, for a second flo...

    Multiclient Seismic Data Offshore Mozambique Available from Schlumberger
    Posted On Nov 12 ,2014 - 11:35-PM | by admin

    Schlumberger announced today the availability of its multiclient seismic survey offshore Mozambique. The Schlumberger multiclient seismic data offered in collaboration with the National Petroleum Inst...

    Mubadala Petroleum starts production at the Manora oil field in Thailand
    Posted On Nov 12 ,2014 - 11:40-PM | by admin

    Mubadala Petroleum announces that production commenced at its operated Manora oil field in the northern Gulf of Thailand on 11 November. Production is expected to reach a peak rate of approximately 15...

    Sterling announces financial results for the quarter ended September 30, 2014
    Posted On Nov 12 ,2014 - 11:19-PM | by admin

    Sterling Resources Ltd. (TSX-V:SLG) (“Sterling” or the “Company”) an international oil and gas company with exploration and development assets in the United Kingdom, Romania, France and the Ne...

    McDermott Awarded Significant Multi-year Offshore Installation Contract by Brunei Shell Petroleum
    Posted On Nov 12 ,2014 - 11:32-PM | by admin

    McDermott International, Inc. (NYSE: MDR) (“McDermott” or “the Company”) announced today that it has been awarded a three-year shallow water pipeline contract by Brunei Shell Petroleum Company...

    Solo Oil provides update on acquisition of interest in Kiliwani North Gas Field, Tanzania
    Posted On Nov 12 ,2014 - 11:04-PM | by admin

    AIM-listed Solo Oil has announced that, further to the announcement of 14 October 2014, it has been advised by Aminex that the conditions precedent which are remaining to close the acquisition of an i...

    Announcement of first national UK onshore oil and gas college
    Posted On Nov 12 ,2014 - 11:33-AM | by admin

    The first national UK shale colleges were today given the go-ahead by Business, Enterprise & Energy Minister Matthew Hancock MP. The new centres of excellence will train a generation of onshore oil a...

    Petrobras reaches its highest historical monthly oil production in Brazil
    Posted On Nov 12 ,2014 - 11:37-AM | by admin

    Petrobras announces that its consolidated oil and gas production, in Brazil and abroad, reached 2 million 795 thousand barrels of oil equivalent per day (boed) in October, up 0.5% from September´s pr...

    Tullow issues Interim Management Statement, for the period 1 July to 12 November 2014.
    Posted On Nov 12 ,2014 - 11:49-AM | by admin

    Tullow Oil plc (Tullow) issues the following Interim Management Statement, for the period 1 July to 12 November 2014. The Group will announce its full year Trading Statement and Operational Update on ...

    BP’s New Core Flood Robot Enhances Oil Recovery Techniques
    Posted On Nov 11 ,2014 - 11:05-PM | by admin

    BP announced today that it is now operating the world’s first robotic coreflooding system. The Core Flood Robot is the most recent addition to BP’s programme of enhanced oil recovery (EOR) researc...

    LGO Provides Goudron Field Drilling Update
    Posted On Nov 11 ,2014 - 11:35-PM | by admin

    LGO is today pleased to announce that well GY-670, the seventh of its planned 30 new development wells at the Goudron Field in Trinidad, is drilling ahead in the Gros Morne Sandstones at a depth of ap...

    Cairn Energy Announces Second Oil Discovery, Offshore Senegal
    Posted On Nov 11 ,2014 - 11:15-PM | by admin

    Cairn is pleased to announce a discovery of high quality oil in the second well in the Senegal exploration programme. The SNE-1 well is located in 1,100 metres (m) water depth and approximately 100...

    Circle Oil Announce Directorate Change and Give Operating Update
    Posted On Nov 11 ,2014 - 11:46-PM | by admin

    The Board of Circle Oil PLC ("Circle") announces that Professor Chris Green, Chief Executive Officer, has given notice of his intention to step down from the Board and resign from the Company. Profess...

    BP Expands in Egypt With $240 Million Investment
    Posted On Nov 11 ,2014 - 11:31-PM | by admin

    BP Egypt has confirmed that it has been awarded two new exploration blocks as a result of the 2013 EGAS bid round. BP and its partners have committed to invest a total of $240 million in the blocks ov...

    Afren Announce Nigerian Operations Update
    Posted On Nov 11 ,2014 - 11:31-AM | by admin

    Afren plc (“Afren” or the “Company”) is pleased to provide the market with an update on its operations at Ebok, Okwok and OML 115, all located offshore Nigeria. Ebok Central Fault Block Ext...

    CME Group Announces Record Open Interest for NYMEX Brent Futures
    Posted On Nov 10 ,2014 - 11:07-PM | by admin

    CME Group, the world's leading and most diverse derivatives marketplace, today announced its NYMEX Brent (BZ) crude oil futures contracts set an open interest record on Thursday, November 6, 2014. Ope...

    2nd Annual Gas to Liquids North America 2015 Conference
    Posted On Nov 10 ,2014 - 11:52-PM | by admin

    SMi are thrilled to announce that registration is now open for the 2nd annual Gas to Liquids North America conference, taking place on the 11th and 12th of March 2015 in Houston, Texas, USA. Buildi...

    Emerson to automate BP-operated Shah Deniz Stage 2 operations in Azerbaijan
    Posted On Nov 07 ,2014 - 11:56-PM | by admin

    BP has awarded Emerson Process Management, a global business of Emerson (NYSE: EMR), a contract in excess of US$40 million to be the Main Automation Contractor for the Shah Deniz Stage 2 development p...

    Panoro Energy Announces Third Quarter 2014 Results and Provides Operations and Corporate Updates
    Posted On Nov 07 ,2014 - 11:34-PM | by admin

    Panoro Energy ASA (TICKER: PEN) ("Panoro" or the "Company") announced third quarter 2014 financial results and provided the following operations, corporate and strategic updates: · Net loss from ...

    SNEPCo plans eight new deep-water wells, projects additional 40,000 barrels per day
    Posted On Nov 07 ,2014 - 11:12-PM | by admin

    Shell Nigeria Exploration and Production Company Ltd (SNEPCo) has announced plans to drill eight more wells in the Bonga field to help maximise deep-water production off the coast of Nigeria. This thi...

    Versalis launches partnership with Solazyme to commercialize Encapso™
    Posted On Nov 07 ,2014 - 11:07-PM | by admin

    Versalis, the chemical company of Eni, and Solazyme, Inc. (NASDAQ: SZYM), a renewable oil and bioproducts company, announced a partnership to expand the commercial use of Encapso™ – the world’s ...

    Aker Solutions ASA: Third-Quarter Results 2014
    Posted On Nov 07 ,2014 - 11:18-AM | by admin

    Aker Solutions revenue rose 22 percent to NOK 8.3 billion in the third quarter of 2014, boosted by increased work at major subsea projects in Norway and West Africa, higher activity at the U.S. umbili...

    Technip forms an alliance with Biochemtex for bioethanol technology facilities
    Posted On Nov 07 ,2014 - 11:26-AM | by admin

    Technip in Italy and Biochemtex, who is the majority shareholder of Beta Renewables who controls the world’s leading second generation bioethanol technology (PROESA), announce today that they have s...

    Saudi Cut In Oil Price For US May Lead To Price War
    Posted On Nov 07 ,2014 - 11:15-AM | by admin

    Saudi Arabia’s move to cut the cost of its oil to US customers has injected fear into the oil markets, bringing the price of OPEC crude below $80 and suggesting to some observers that the cartel is ...

    Statoil strengthens position on UK continental shelf
    Posted On Nov 07 ,2014 - 11:30-AM | by admin

    Statoil was awarded interests in 12 new licences, 9 as operator, in the 28th licensing round on the UK continental shelf, announced today by the Department of Energy and Climate Change. “We were ...

    The Driving Force Behind the US Oil Boom
    Posted On Nov 07 ,2014 - 11:37-AM | by admin

    The shale revolution’s sweet spot is oilfield services, the lower-risk backbone of the American oil and gas boom that pays off regardless of a play’s economics. Behind the stardom of the explor...

    Petrofac achieves UK first with onshore oil spill training
    Posted On Nov 06 ,2014 - 11:24-AM | by admin

    Petrofac Training Services (PTS) is responding to the industry’s onshore environmental training needs by developing two new courses to tackle onshore oil spills – one of which has achieved a UK fi...

    PETRONAS awards Technip for a flexible pipe framework agreement
    Posted On Nov 06 ,2014 - 11:50-AM | by admin

    Technip has secured a 5-year framework agreement with PETRONAS Carigali Sdn Bhd (PCSB) for Engineering, Procurement, Construction & Installation (EPCI) or supply-only of flexible pipes for PCSB’s pr...

    Akastor ASA Announce Third-Quarter Results 2014
    Posted On Nov 06 ,2014 - 11:02-AM | by admin

    Please note that Akastor releases its quarterly results on November 6 while Aker Solutions will release its quarterly results on Friday November 7. In order for Akastor not to release sensitive inform...

    4th Annual Logistics in Oil, Gas and Petrochemicals Summit
    Posted On Nov 06 ,2014 - 11:00-AM | by admin

    The oil, gas and petrochemical industry is looking to achieve optimum exploration, production and efficient processing. Supply chain proves to be backbone of the industry to achieve this goal. Oil and...

    Statoil suspends two new rigs, Transocean Spitsbergen and Songa Trym through 2014 due to overcapacity
    Posted On Nov 06 ,2014 - 11:41-AM | by admin

    The exploration programme in the Barents Sea for 2014 is nearing completion. After Transocean Spitsbergen has completed the Saturn well the rig will cut and retrieve a wellhead in the Mercury explorat...

    Eni ranks first in "Corporate Transparency Reporting" according to Transparency International
    Posted On Nov 05 ,2014 - 11:47-PM | by admin

    Eni was ranked first in the world for transparency of corporate reporting. This result was assessed by Transparency International by examining the 124 largest listed companies in the world and analyzi...

    San Leon Energy plc announce Kęty Well Update
    Posted On Nov 05 ,2014 - 11:48-PM | by admin

    San Leon, the AIM listed company focused on oil and gas exploration in Europe and North Africa, announces that the Kęty exploration well has reached a total depth of 705m MDBRT (measured depth below ...

    Leni Gas & Oil PLC Announce Name Change to LGO Energy plc
    Posted On Nov 05 ,2014 - 11:50-PM | by admin

    Further to the announcement of 27 August 2014, LGO today announces that the Company has changed its name to LGO Energy plc from Leni Gas & Oil plc. The Company's ISIN and AIM Ticker (LGO) remain un...

    AkzoNobel strengthens Middle East presence with new powder coatings facility
    Posted On Nov 05 ,2014 - 11:23-PM | by admin

    AkzoNobel has started operations at its new Powder Coatings plant in Dubai. The facility will significantly increase capacity for the company’s Interpon and Resicoat products. The state-of-the ar...

    Dynamic Software Factory Ltd. (DSF) reaches the first milestone toward achieving the Certified for Microsoft Dynamics accreditation with their solution “Oil & Gas Distribution”
    Posted On Nov 05 ,2014 - 11:55-PM | by admin

    Dynamic Software Factory Ltd. (DSF) announced that its Oil & Gas Distribution, an industry solution for the Oil & Gas Business has passed the Software Solution Test for Microsoft Dynamics, which...

    IMF Staff Concludes Visit to the United Arab Emirates
    Posted On Nov 05 ,2014 - 11:37-PM | by admin

    An International Monetary Fund (IMF) mission led by Harald Finger visited the United Arab Emirates (UAE) during October 28-November 5 to review macroeconomic and financial developments. The mission me...

    Tap Oil provides Manora Oil Development drilling update
    Posted On Nov 04 ,2014 - 11:05-PM | by admin

    Tap Oil Limited (ASX:TAP) provides the following update on the Manora Oil Development in the Northern Gulf of Thailand (TAP 30% interest). Mubadala Petroleum, Operator of the Manora Oil Developmen...

    SOCO announces Lidongo X Marine 101 well offshore Congo (Brazzaville) - test results
    Posted On Nov 04 ,2014 - 11:55-AM | by admin

    SOCO announces that SOCO EPC, operator of the Marine XI Block offshore the Republic of Congo (Brazzaville), has successfully completed testing the exploration well Lidongo X Marine 101 ST1 well (“LX...

    Addax Petroleum partners with Africa Oil Week
    Posted On Nov 04 ,2014 - 11:41-AM | by admin

    Addax Petroleum is taking an active participation in the 21st Africa Oil Week, one of the most senior-level annual oil and gas events held in Cape Town, South Africa, from 3 to 7 November 2014, by att...

    EPC 2015 Oil & Gas - Workshop & Conference
    Posted On Nov 04 ,2014 - 11:36-AM | by admin

    Currently, more than $234bn-worth of Engineering, Procurement and Construction (EPC) contracts have been awarded on Oil, Gas and Petrochemicals schemes in the Middle East region's energy sector, exhib...

    Total E&P Norge Announce Successful Garantiana appraisal well
    Posted On Nov 04 ,2014 - 11:20-AM | by admin

    Total E&P Norge AS, operator of production licence 554, has completed drilling of appraisal well 34/6-3 S on the 34/6-2 S oil discovery and wildcat well 34/6-3 A. The wells were drilled about 30 kilom...

    Technip awarded technology license and process design package contract for ethane cracker in West Virginia, USA
    Posted On Nov 04 ,2014 - 11:55-AM | by admin

    Technip announced that it has entered into a contract to supply its proprietary ethylene technology and process design package (PDP) for a world-class grassroots ethane cracker for the proposed ASCEN...

    SunEdison, CorpBanca and BBVA Close US$130 Million USD Project Financing for “Javiera”, One of the Largest Solar Power Plants in Latin America
    Posted On Nov 03 ,2014 - 11:54-PM | by admin

    SunEdison, Inc. (NYSE:SUNE), a leading global solar technology manufacturer and provider of solar energy services, announced the closing of a $130 million USD non-recourse debt financing arrangement w...

    ExxonMobil to Invest in MIT Energy Initiative
    Posted On Nov 03 ,2014 - 11:59-PM | by admin

    ExxonMobil has signed an agreement to become a founding member of the MIT Energy Initiative (MITEI), a unique collaboration aimed at working together to advance and explore the future of energy. MIT P...

    Lundin Petroleum spuds exploration well on the Lindarormen prospect in the Norwegian Sea
    Posted On Nov 03 ,2014 - 11:44-PM | by admin

    Lundin Petroleum AB (Lundin Petroleum), through its wholly owned subsidiary Lundin Norway AS (Lundin Norway), is pleased to announce that drilling of exploration well 6405/12-1 in PL584 has commenced....

    Petrobras and PPSA signed a Production Individualization Agreement of the Tartaruga Mestiça sharing field, at Campos Basin
    Posted On Nov 03 ,2014 - 11:55-PM | by admin

    Petrobras and PPSA (Pré-Sal Petróleo S.A.) have signed last Friday (10/31) a Production Individualization Agreement (PIA) of the Tartaruga Mestiça, located at the south portion of the Campos Basin....

    Technip awarded furnace engineering and procurement contract
    Posted On Nov 03 ,2014 - 11:21-AM | by admin

    Technip was awarded by Sasol a contract to provide engineering and procurement for eight proprietary Ultra Selective Conversion (USC®) furnaces (1) for a world-scale ethane cracker and derivatives co...

    Neon Energy Announce Award of WA-503-P Seismic Contract
    Posted On Nov 02 ,2014 - 11:42-PM | by admin

    Neon Energy Limited (ASX: NEN) is pleased to announce that the Company has awarded a contract to CGG Services (CGG) for licensing of 200 km2 of new broadband 3D seismic data over the WA-503-P offshor...

    Tethys Petroleum provides Kazakhstan Update
    Posted On Nov 02 ,2014 - 11:06-PM | by admin

    Tethys Petroleum Limited ("Tethys" or "the Company" (TSX:TPL) (LSE:TPL)) provided an update on the sale of 50% (+ 1 share) of Tethys Kazakhstan S.A to SinoHan Oil and Gas Investment 6 B.V. ("SinoHan")...

    Eco Atlantic Acquires 2,922 Km 2d Survey On Sharon Block, Offshore Namibia
    Posted On Nov 02 ,2014 - 11:14-PM | by admin

    Eco (Atlantic) Oil & Gas Ltd. (“Eco Atlantic” or the “Company”) (TSX-V:EOG, NSX:EOG) is pleased to announce that it has acquired two previously shot 2D seismic surveys totaling 2,922 line Km (...

    BPZ Energy Announces Gas Discovery at Onshore Block XXIII and Discussions for Gas Sales Pilot Project
    Posted On Nov 02 ,2014 - 11:26-PM | by admin

    BPZ Energy (NYSE: BPZ) (BVL: BPZ), an independent oil and gas exploration and production company, today provided an operations update regarding the 2014 exploration campaign at onshore Block XXIII. ...

    Interoil sells its Peruvian operation
    Posted On Nov 02 ,2014 - 11:10-PM | by admin

    Interoil Exploration and Production ASA ("Interoil" or "Company") has entered into a conditional agreement to transfer ownership of its oil exploration and production activities in Peru to United Oilf...

    Cairn announce Interim Management Statement
    Posted On Nov 02 ,2014 - 11:34-PM | by admin

    Cairn Energy PLC is today issuing its Interim Management Statement, in accordance with the reporting requirements of the EU Transparency Directive, which provides an update on its recent operations an...

    Chevron Reports Third Quarter Net Income of $5.6 Billion
    Posted On Oct 31 ,2014 - 10:41-PM | by admin

    Chevron Corporation (NYSE: CVX) today reported earnings of $5.6 billion ($2.95 per share – diluted) for third quarter 2014, compared with $5.0 billion ($2.57 per share – diluted) in the 2013 third...

    ICA Fluor Awarded Fabrication Contract for Shell’s Heavy Oil Extraction Project in Canada
    Posted On Oct 31 ,2014 - 10:36-AM | by admin

    Fluor Corporation (NYSE: FLR) announced that ICA Fluor, its industrial engineering, fabrication and construction joint venture with Empresas ICA, S.A.B. de C.V. (BMV and NYSE: ICA), signed a contract ...

    Oilex announce Quarterly Report to 30 September 2014
    Posted On Oct 31 ,2014 - 10:50-AM | by admin

    Summary CAMBAY PSC (45% & OPERATOR), ONSHORE GUJARAT, INDIA Quarterly Cover Fracture stimulation completed All isolation plugs successfully milled out Gas and light oil flows to surface during fl...

    Oilex announce Cambay-77H - Delivering the proof of concept objectives
    Posted On Oct 31 ,2014 - 10:35-AM | by admin

    Oilex Ltd (ASX: OEX, AIM: OEX) is pleased to announce significant progress in achieving the proof of concept objectives for Cambay-77H. These objectives are critical to demonstrating the Cambay Field...

    LGO Raises £2.3 million for Cedros Peninsula in Trinidad
    Posted On Oct 31 ,2014 - 10:00-AM | by admin

    LGO today announces that the Company has successfully raised £2.3 million before expenses, by way of the placing of 48,418,167 new ordinary shares ("the Placing Shares") at a placing price of 4.75p p...

    How Long Can The Shale Revolution Last?
    Posted On Oct 31 ,2014 - 10:01-AM | by admin

    A new study has cast serious doubt on whether the much-ballyhooed U.S. shale oil and gas revolution has long-term staying power.

      The U.S. produced 8.5 million barrels of oil per day in July o...

    The End Of An Era: Is The US Petrodollar Under Threat?
    Posted On Oct 31 ,2014 - 10:41-AM | by admin

    Recent trade deals and high-level cooperation between Russia and China have set off alarm bells in the West as policymakers and oil and gas executives watch the balance of power in global energy marke...

    Songa Offshore SE announce USD 1.1bn senior secured credit facility signed
    Posted On Oct 31 ,2014 - 10:55-AM | by admin

    Songa Offshore SE is pleased to announce that the documentation for the previously announced USD 1.1 billion senior secured credit facility for the financing of the last two Cat D drilling rigs, Songa...

    Seplat Petroleum Announce Interim Management Statement & Q3 2014 Results
    Posted On Oct 30 ,2014 - 10:06-PM | by admin

    Seplat Petroleum Development Company Plc ("Seplat" or the "Company"), a leading Nigerian indigenous oil and gas company, listed on both the Nigerian Stock Exchange and London Stock Exchange, today ann...

    Gulfsands announce interim results for the six months ended 30 June 2014
    Posted On Oct 30 ,2014 - 10:19-PM | by admin

    Gulfsands Petroleum plc ("Gulfsands", the "Group" or the "Company" - AIM: GPX), the oil and gas production, exploration and development company with activities in Syria, Morocco, Tunisia, Colombia and...

    Gulfsands Petroleum Release Shareholding Notification
    Posted On Oct 30 ,2014 - 10:21-PM | by admin

    Gulfsands Petroleum plc ("Gulfsands" or the "Company" - AIM: GPX), the oil and gas production, exploration and development company with activities in Syria, Morocco, Tunisia, Colombia and the U.S.A. a...

    Approval of Akri-Bijeel Field Development Plan
    Posted On Oct 30 ,2014 - 10:50-PM | by admin

    Gulf Keystone, an independent oil and gas exploration and production company with operations in the Kurdistan Region of Iraq, notes today's announcement by MOL Plc., operator of the Akri-Bijeel Block ...

    Egdon announces Completion of drilling operations - Burton on the Wolds-1 exploration well (PEDL201)
    Posted On Oct 30 ,2014 - 10:21-PM | by admin

    Egdon Resources plc (AIM:EDR) announces the completion of drilling operations at the Burton on the Wolds-1 conventional exploration well in UK Onshore Licence PEDL201 in Leicestershire. The Burt...

    Neste Jacobs Renews its Organization
    Posted On Oct 30 ,2014 - 10:56-PM | by admin

    Neste Jacobs changes its leadership model and organization to respond better to its Growth Strategy and future challenges. The Company Board approved at the end of 2013 the new long term Growth Strate...

    Statoil sanctions Stampede
    Posted On Oct 30 ,2014 - 10:15-PM | by admin

    Statoil has decided to invest USD 1.5 billion in the Stampede development in the U.S. Gulf of Mexico, which is expected to begin production in 2018. Statoil owns 25% of Stampede, which is operated by ...

    ConocoPhillips Reports Third-Quarter 2014 Earnings
    Posted On Oct 30 ,2014 - 10:40-AM | by admin

    ConocoPhillips (NYSE: COP) today reported third-quarter 2014 earnings of $2.7 billion, or $2.17 per share, compared with third-quarter 2013 earnings of $2.5 billion, or $2.00 per share. Excluding spec...

    Leni Gas & Oil Announce Airborne Gravity Survey and give Cedros Peninsula Update
    Posted On Oct 30 ,2014 - 10:12-AM | by admin

    Leni Gas & Oil Plc (LGO) announced that it has agreed to acquire a license to a Full-Tensor Gravity Gradiometry ("FTG") airborne survey over the entirety of the onshore Southern Basin of Trinidad. T...

    Technip Issues Third Quarter 2014 Results
    Posted On Oct 30 ,2014 - 10:57-AM | by admin

    Order intake of €2.2 billion Order intake of €2.2 billion Revenue of €2.8 billion up 18% Operating income from recurring activities1: Subsea €193 million and Onshore/Offshore €70 million ...

    Afren plc Issues Interim Management Statement
    Posted On Oct 30 ,2014 - 10:44-AM | by admin

    Afren plc (“Afren” or the “Group”), (LSE: AFR, FTSE 250 index), announces its Interim Management Statement (“IMS”) and financial results for the nine months ended 30 September 2014 and an ...

    Shell plc third quarter 2014 results announcement
    Posted On Oct 30 ,2014 - 10:41-AM | by admin

    Third quarter 2014 summary of unaudited results Highlights: Royal Dutch Shell’s third quarter 2014 earnings, on a current cost of supplies (CCS) basis (see Note 2), were $5.3 bi...

    Eni Announce third quarter and nine months of 2014 results
    Posted On Oct 30 ,2014 - 10:19-AM | by admin

    Eni’s Board of Directors approved group results for the third quarter and nine months of 2014 (unaudited)1. Financial highlights Operating cash flow2: €3.98 billion for the ...

    Eni Announce New Significant Oil discovery in the Offshore of Congo
    Posted On Oct 30 ,2014 - 10:52-AM | by admin

    Eni has made a new important oil discovery in the Minsala Marine exploration prospect located in the Marine XII Block offshore Congo at 35 Kilometers from the shoreline and 12 kilometers from the...

    Aqualis ASA Announce Third quarter results 2014
    Posted On Oct 29 ,2014 - 10:39-PM | by admin

    Marine and offshore engineering consultancy group Aqualis ASA (Aqualis) reported revenues of USD 10.7 million in the third quarter 2014. Adjusted EBIT was USD 0.3 million. Order backlog stood at USD 2...

    Gazprom Neft Board of Directors reviews gas sales and utilisation of associated petroleum gas
    Posted On Oct 29 ,2014 - 10:18-PM | by admin

    The Board of Directors of Gazprom Neft has reviewed implementation of the programme aimed at improving its associated petroleum gas (APG) utilisation programme. Gazprom Neft is one of Russia’s leadi...

    Tap Oil Announce Update on the Manora Oil Development
    Posted On Oct 29 ,2014 - 10:39-PM | by admin

    Tap Oil Limited (ASX:TAP) provides the following update on the Manora Oil Development in the Northern Gulf of Thailand (TAP 30% interest). Mubadala Petroleum, Operator of the Manora Oil Developmen...

    Schlumberger Introduces New Well Integrity Service
    Posted On Oct 29 ,2014 - 10:33-PM | by admin

    Schlumberger announced today the release of Invizion Evaluation* well integrity service, which helps operators evaluate zonal isolation by using integrated drilling, cementing and well logging data. ...

    GE, Inter RAO and Rostec open a factory
    Posted On Oct 29 ,2014 - 10:16-PM | by admin

    RUSSIAN GAS TURBINES, a joint venture between GE (NYSE: GE), "Inter RAO" and JSC "United Engine Corporation" (ODK, is a State Corporation Rostec) Open in g . Rybinsk plant for the production, sale and...

    Saudi Aramco’s affiliate Opening New Horizons in Japan
    Posted On Oct 29 ,2014 - 10:24-PM | by admin

    Aramco Asia-Japan, Saudi Aramco’s affiliate based in Tokyo, is opening new horizons, leading new markets and enhancing the company’s growth opportunities in the region. Aramco Asia-Japan, the prod...

    Saipem Board of Directors announce results for Q3 and the first nine months of 2014
    Posted On Oct 29 ,2014 - 10:48-PM | by admin

    The Board of Directors of Saipem S.p.A. today approved Saipem Group's Interim Report at September 30, 2014 (not subject to audit). Third Quarter 2014: Revenues: €3,509 mil...

    Saipem wins new E&C and Drilling contracts worth approximately $2 billion
    Posted On Oct 29 ,2014 - 10:31-PM | by admin

    Saipem has been awarded a new Engineering & Construction contract in Saudi Arabia and new Drilling contracts in the Middle East and in Latin America cumulatively valued approximately $2 billion. Sa...

    Neste Jacobs Awarded the Best Summer Trainee Employer in Finland
    Posted On Oct 29 ,2014 - 10:06-PM | by admin

    Technology, engineering and project management company Neste Jacobs has been awarded Best Summer Trainee Employer of the Year 2014 in Finland. The winner was selected by the jury consisting of student...

    Statoil Announce Third quarter results 2014
    Posted On Oct 29 ,2014 - 10:25-AM | by admin

    Statoil's (OSE:STL, NYSE:STO) third quarter 2014 net operating income was NOK 17.0 billion, a decrease from NOK 39.3 billion in the third quarter of 2013. Net income was negative NOK 4.8 billion ma...

    Anadarko Announces Third-Quarter 2014 Results
    Posted On Oct 29 ,2014 - 10:00-AM | by admin

    Anadarko Petroleum Corporation (NYSE: APC) announced third-quarter 2014 net income attributable to common stockholders of $1.087 billion, or $2.12 per share (diluted). These results include certain it...

    Hess Announces Plan to Develop Stampede Field in the Deepwater Gulf of Mexico
    Posted On Oct 29 ,2014 - 10:14-AM | by admin

    Hess Corporation (NYSE:HES) announced that together with its project co-owners it will proceed with the development of Stampede, an oil and gas project operated by Hess in the deepwater Gulf of Mexico...

    Total announces its interim dividend for the third quarter 2014
    Posted On Oct 29 ,2014 - 10:00-AM | by admin

    The Board of Directors of Total approved a third quarter 2014 interim dividend of 0.61 euros per share. This interim dividend, increased by 3.4% compared to the third quarter 2013, is payable in euros...

    Chevron Sanctions Stampede Project in the Deepwater U.S. Gulf of Mexico
    Posted On Oct 29 ,2014 - 10:54-AM | by admin

    Chevron Corporation (NYSE: CVX) announced today that its subsidiary, Union Oil Company of California (Union), has reached a final investment decision to proceed with the development of the Hess Corpor...

    Technip wins substantial subsea contract for Bangka Development in Indonesia
    Posted On Oct 29 ,2014 - 10:13-AM | by admin

    Technip was awarded a substantial(1) subsea contract by Chevron Indonesia for the Bangka Development, located in Rapak PSC area, approximately 70km offshore the province of East Kalimantan, Indonesia....

    Plant Shutdown & Turnaround Forum, Doha
    Posted On Oct 28 ,2014 - 10:04-PM | by admin

    Commencing the Journey for a Successful Shutdown at Plant Shutdown & Turnaround Forum, Doha Summit to provide an extraordinary opportunity for industry experts to gain specific, forward- thinking s...

    Paradigm Renews Access Agreement with Chevron for Next-Generation Software Solutions
    Posted On Oct 28 ,2014 - 10:35-PM | by admin

    The new agreement provides company-wide access to Paradigm formation evaluation solutions in addition to Paradigm interpretation and modeling solutions. Paradigm® announced it has...

    Ophir Announces Acquisition of Indonesian Exploration Licences
    Posted On Oct 28 ,2014 - 10:21-PM | by admin

    Ophir Energy plc ("Ophir" or "the Company") is pleased to announce it has entered into an agreement with Niko Resources ("Niko") to acquire interests in seven deepwater Production Sharing Contracts ("...

    Rolls-Royce awarded its largest single subsea contract
    Posted On Oct 28 ,2014 - 10:22-PM | by admin

    Rolls-Royce has signed a major contract to supply a complete module handling system to the subsea construction vessel Aker Wayfarer. The vessel was built by Vard Søviknes in 2010 and will now undergo...

    Claxton Dubai awarded multi-well slot recovery campaign in the Middle East
    Posted On Oct 28 ,2014 - 10:42-PM | by admin

    Claxton Engineering, an Acteon company, has been awarded a 12-month contract for multiple well slot recoveries in the Arabian Gulf, enabling a field operator to extend the economic life of its platfor...

    Continental Resources Enters Into Joint Venture With SK E&S Of South Korea
    Posted On Oct 28 ,2014 - 10:04-PM | by admin

    Continental Resources, Inc. ("Continental" or the "Company") (NYSE: CLR) announced today it has formed a joint venture with a wholly-owned U.S. subsidiary of SK E&S Co. Ltd ("SK") to jointly develop a...

    Repsol discovers a high quality oil net pay of over 150 metres thick in the United States' Gulf of Mexico
    Posted On Oct 28 ,2014 - 10:02-PM | by admin

    Repsol has made a new discovery of high quality oil in the United States’ Gulf of Mexico. The find was made 352 kilometres from the Louisiana coast in an ultra-deep water well named León, located i...

    BP Reports Third Quarter 2014 Results
    Posted On Oct 28 ,2014 - 10:09-PM | by admin

    BP today reported its financial results for the third quarter of 2014. Underlying replacement cost profit1 for the quarter was $3.0 billion, compared with $3.7 billion for the same period in 2013. Ope...

    BP and CGG Agree to Develop Next-Generation Marine Seismic Source Technology
    Posted On Oct 28 ,2014 - 10:57-PM | by admin

    BP and CGG today announced an agreement for collaborative research and development in the field of new types of marine vibratory seismic sources. The agreement combines the companies’ research effor...

    Noble Energy Announces Operations Update
    Posted On Oct 28 ,2014 - 10:38-PM | by admin

    DJ BASIN In the DJ Basin, sales volumes averaged a record 102 MBoe/d, up five percent from the second quarter of 2014. Versus the same quarter of last year, after excluding the impa...

    Noble Energy Announces Third Quarter 2014 Results
    Posted On Oct 28 ,2014 - 10:36-PM | by admin

    Noble Energy, Inc. (NYSE:NBL) announced today third quarter 2014 net income of $419 million, or $1.12 per diluted share. Excluding the impact of certain items, which would typically not be considered...

    BG Group plc announce 2014 Third Quarter & Nine Months Results
    Posted On Oct 28 ,2014 - 10:48-AM | by admin

    Third Quarter Highlights  Appointment of Helge Lund as Chief Executive  E&P production down 2% at 569 kboed; decline in Egypt, partially offset by higher production in Bra...

    CME Group, KRX Announce After-hours Access to US Dollar Futures Contract on CME Globex
    Posted On Oct 28 ,2014 - 10:58-AM | by admin

    CME Group, the world's leading and most diverse derivatives marketplace, and the Korea Exchange Inc. (KRX), a fully-integrated capital marketplace in Asia leading market innovation and supporting crea...

    EnQuest selects Technip for a large subsea contract
    Posted On Oct 28 ,2014 - 10:04-AM | by admin

    Client support from concept to execution – Technip to manage design, fabrication and installation - First class assets – Technip to leverage its spoolbase, technologically advanced steel tube umb...

    Chevron Announces First Gas from Bangladesh Bibiyana Expansion Project
    Posted On Oct 28 ,2014 - 10:03-AM | by admin

    Chevron Corporation (NYSE:CVX) today announced that its Bangladesh subsidiary has commenced natural gas production from the Bibiyana Expansion Project in the northeastern part of the country. The ...

    Statoil announce Cargo no. 500 leaves Snøhvit
    Posted On Oct 28 ,2014 - 10:14-AM | by admin

    The special vessel Arctic Voyager is the 500th to visit Melkøya and Hammerfest to carry product from the Snøhvit plant. The vessel will freight a cargo of LNG from Melkøya to Aliaga in Turkey. W...

    Total sells an 8% interest in Gina Krog field and interests in three minor fields
    Posted On Oct 28 ,2014 - 10:46-AM | by admin

    Total announces that its wholly owned subsidiary Total E&P Norge AS has signed an agreement to sell an 8% interest in the Gina Krog field in Norway, together with its interests in the mature fields of...

    Bechtel awarded contract in Kazakhstan
    Posted On Oct 27 ,2014 - 10:37-PM | by admin

    Bechtel has been awarded a contract to provide engineering, procurement, and construction services to build four crude-oil storage tanks at the TengizChevroil oil production facility in Tengiz, Kazakh...

    Technip and Fluor awarded EP&CM contract for Sasol’s Louisiana Ethane Cracker and Derivatives Complex
    Posted On Oct 27 ,2014 - 10:07-PM | by admin

    Technip, in a joint venture with Fluor Corporation, was awarded an engineering, procurement, and construction management (EP&CM) contract by Sasol for its world scale ethane cracker and derivatives co...

    COMESA Selects Paradigm as Strategic Partner for New Seismic Data Processing Center
    Posted On Oct 27 ,2014 - 10:02-PM | by admin

    Paradigm® announced today that Mexico seismic services company COMESA (www.comesa.mx) has selected Paradigm as a Strategic Partner for its new Seismic Data Processing Center. Through the use of Parad...

    Petrobras provides update in response to “Lava Jato Operation”
    Posted On Oct 27 ,2014 - 10:08-PM | by admin

    Petrobras, with regard to news related to the investigation into “Lava Jato Operation”, provides the following market update information: “Lava Jato Operation” is an investigation that is bei...

    Eni Makes significant gas finding Offshore Indonesia
    Posted On Oct 27 ,2014 - 10:02-AM | by admin

    Eni has made an important gas finding in the Merakes exploration prospect, in the East Sepinggan Block, where Eni is operator with a 100% stake. The Block is located in the offshore East Kalimantan ...

    Low Oil Prices Hurting U.S. Shale Operations
    Posted On Oct 24 ,2014 - 10:24-PM | by admin

    Slumping oil prices are putting pressure on U.S. drillers. The number of active rigs drilling for oil and gas fell by their most in two months, according to the latest data from oil services firm ...

    Kuwait Energy announces discovery at Abu Sennan, Egypt
    Posted On Oct 24 ,2014 - 10:48-AM | by admin

    Kuwait Energy ("the Company") an independent oil and gas company with assets across the MENA region, and their main partner, the Egyptian General Petroleum Corporation (EGPC), announces that the opera...

    Ophir Energy Says New Outboard Blocks secured offshore Gabon
    Posted On Oct 24 ,2014 - 10:50-AM | by admin

    Ophir Energy plc (“Ophir” or “the Company”) announces it has expanded its footprint offshore Gabon by signing exploration and production sharing contracts for two additional blocks. The new...

    CNOOC Limited Announces New Discovery Jinzhou 23-2 in Bohai
    Posted On Oct 24 ,2014 - 10:50-AM | by admin

    CNOOC Limited (the "Company", 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 pa...

    CNOOC Announce A New Deepwater Gas Discovery in Gabon
    Posted On Oct 24 ,2014 - 10:48-AM | by admin

    CNOOC Limited (the “Company”, NYSE: CEO, SEHK: 00883, TSX: CNU) announced a large-sized deepwater gas discovery Leopard offshore Gabon, West Africa. The well Leopard-1 is located in license BCD...

    Black Rhino to meet with international stakeholders at Powering Africa: Ethiopia 2014
    Posted On Oct 24 ,2014 - 10:10-AM | by admin

    Founder and CEO of Black Rhino Brian Herlihy will attend and speak at the 3rd annual investment meeting Powering Africa: Ethiopia, taking place from 20-21st November in Addis Ababa Black Rhino is c...

    Chevron Announces Oil Discovery in Deepwater U.S. Gulf of Mexico
    Posted On Oct 24 ,2014 - 10:23-AM | by admin

    Chevron Corporation (NYSE:CVX) announced a new oil discovery at the Guadalupe prospect in the deepwater U.S. Gulf of Mexico. The Keathley Canyon Block 10 Well No. 1 encountered significant oil pay in ...

    Statoil takes on offshore operatorship in Australia
    Posted On Oct 24 ,2014 - 10:04-AM | by admin

    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. Thi...

    Technip and Fluor awarded RAPID UIO project in Malaysia
    Posted On Oct 24 ,2014 - 10:41-AM | by admin

    Technip, in a joint venture with Fluor, was awarded an engineering, procurement and construction manageme