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Company News
Petrobras to increase production to keep up investmentsOct 8, 2013Petrobras announced recently that the company plans to increase production by fifty percent in a bid to emerge from its current financial difficulties. The oil giant desperately needs funds to keep up with investment projections and to compensate for losses due to fuel imports. By Peter Howard Wertheim
Bankers Petroleum provides operational update for the third quarter 2013Oct 7, 2013Bankers Petroleum Ltd. announces the Company's third quarter operational update. Average production from the Patos-Marinza oilfield in Albania for the third quarter of 2013 was
Calfrac Well Services closes acquisitionOct 7, 2013Calfrac Well Services Ltd. has completed the previously announced acquisition of all of the operating assets of Mission Well Services, LLC (Mission), a privately-held
Vast Exploration terminates farm-out agreement in ColombiaOct 7, 2013Vast Exploration Inc. has terminated the farm-out agreement entered into with Sagres Energy Inc. related to PUT-03, a 148,005 acre block located in the Putumayo
Otto Energy provides GALOC-5H and GALOC-6H drilling updateOct 7, 2013Otto Energy Limited, as operator of the producing Galoc oilfield joint venture offshore the Philippines, provides the following update on the Galoc-5H and Galoc-6H
Cubic Energy closes acquisition of the Gastar East Texas assetsOct 7, 2013Cubic Energy, Inc. has closed and funded the previously announced acquisition of all of the East Texas assets of Gastar Exploration, Texas, LP (Gastar), paying to
Beach Energy spuds Butlers-7 wellOct 7, 2013Cooper Energy Limited advises that Butlers-7, an oil development well located in PEL 92 on the western flank of the Cooper Basin, spudded on Wednesday 3 October,
Reef Subsea secures decommissioning contract in central North SeaOct 7, 2013Reef Subsea Integrated Projects has successfully secured a decommissioning workscope on the Angus Pipeline PL1857 Flushing projects for HESS Limited.
Eagle Rock announces increase in upstream borrowing baseOct 7, 2013Eagle Rock Energy Partners, L.P. announced that effective October 1, 2013, the upstream component of the borrowing base under its senior secured credit facility
Gas-powered “Blue Corridor” rally to cross nine countriesOct 7, 2013Today the 7th rally of natural gas fueled vehicles – Blue Corridor – started in St Petersburg, Russia. Trucks, light-weight vehicles and buses running on gas lined up
InterMoor appoints Cohen Guidry as Global QHSE ManagerOct 7, 2013InterMoor, an Acteon company, has announced the appointment of Cohen Guidry to the role of global QHSE manager. Guidry joined InterMoor in 2006 as HSE
Aquatic introduces powerful new modular carousel systemOct 7, 2013Aquatic Engineering & Construction Ltd, an Acteon company, has unveiled its 1500 te carousel, a powerful, modular drive system representing a significant
Emerson Process Management acquires EnardoOct 7, 2013Emerson Process Management has acquired Enardo LLC, a leader in safety and environmental control equipment for the oil and gas, petrochemical, wastewater,
Kinetiko Energy spuds first of three new pilot wellsOct 7, 2013Kinetiko announce the sixth pilot production well has commenced drilling at its Amersfoort joint venture with Badimo Gas Ltd (Badimo) to test gassy sandstones
Octagon 88 Resources receives Elkton drill rig confirmation from operatorOct 7, 2013Octagon 88 Resources Inc. (OCTX) has received confirmation from the Manning projects operator that the drill rig has been contracted and mobilized for the
Alta Mesa sells a portion of its working interest in the Deep Bossier Hilltop areaOct 7, 2013Alta Mesa Holdings has sold a portion of its working interest in the Deep Bossier Hilltop area located largely in Leon County, Texas for approximately $19 million in
GMX Resources announces entry into plan support agreementOct 7, 2013GMX Resources is an oil and gas exploration and production Company with assets in the Williston Basin, Denver Julesburg (DJ) Basin and East Texas Basin.
Northern offshore orders two Jackups for delivery in 2016Oct 7, 2013Northern Offshore, Ltd. says that two of its subsidiaries have executed contracts for the construction of two LeTourneau Super 116E Class jackup drilling rigs, with
Fugro commences multidisciplinary project to support development of significant presalt blockOct 7, 2013Under a contract recently awarded by Repsol Sinopec Brasil, Fugro is to provide geophysical, geotechnical and metocean services to support the development of
DONG Energy's Carsten Krogsgaard Thomsen to step down as CFOOct 7, 2013Carsten Krogsgaard Thomsen will step down as CFO after 11 years with DONG Energy. His successor will be Marianne Wiinholt, who comes from the position of
NuStar Energy announces successful open season for the South Texas crude oil pipeline system projectOct 7, 2013NuStar Energy L.P. announced that its affiliate, NuStar Crude Oil Pipeline, L.P., has received binding commitments from committed shippers filling all of the space
BP Statement Re: Ruling by U.S. Court of Appeals for the Fifth CircuitOct 7, 2013BP is extremely pleased with today's ruling by the U.S. Court of Appeals for the Fifth Circuit setting aside the claims administrator's interpretation of the business
Offshore Achievement Awards open for entriesOct 7, 2013Following the success of last year’s awards, the Society of Petroleum Engineers (SPE) Aberdeen Section has announced that entries are now open for the 2014
Searcher and Dolphin commences Maud Basin South 3D seismic surveyOct 7, 2013Searcher Seismic, in association with Dolphin Geophysical, has commenced on the new 3,143km2 3D SHarp BroadBand Multi-Client seismic survey in the Maud
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