Tethys to gat additional US$1 million from OlisolFeb 9, 2016Tethys Petroleum Limited updates the previously announced US$15 million convertible debt facility with Olisol Petroleum Limited , a wholly owned subsidiary of Olisol Investments
Serinus Energy closes sale of Ukraine interestsFeb 9, 2016Serinus Energy Inc. has closed the sale of its interests in Ukraine to Resano Trading Ltd., an affiliate of the Burisma Group, a Ukraine entity actively involved in
ALMACO’s Modular Cabins for Statoil’s Johan Sverdrup platform at Apply LeirvikFeb 9, 2016Thanks to the 2015 framework agreement with Statoil, ALMACO Group was awarded the contract to build 450 NORSOK-compliant Modular Cabins for Statoil’s Johan Sverdrup fixed platform
Torchlight Energy to move next phase of drilling in Orogrande projectFeb 9, 2016Torchlight Energy Resources, Inc. says that the Orogrande Development Committee, consisting of members of the project operator, Torchlight Energy and consulting geologist Rich Masterson
Rosneft and Statoil commence well testing at the North-Komsomolskoye fieldFeb 9, 2016Rosneft and Statoil commenced testing of two production wells of highly viscous oil of the PK1 layer of the North-Komsomolskoye field.The companies are implementing pilot operation of the horizontal wells constructed using best practices related to inflow control and consolidation of entrained solids.
Husky Energy decides for short term hedging llanFeb 8, 2016Husky Energy has put in place a short term hedging plan for a portion of its oil production. Husky generally manages commodity price risk through its strong balance sheet
Siemens UK & Ireland joins forces with EFC GroupFeb 8, 2016Siemens UK & Ireland has formed a strategic partnership with oil and gas control system company, EFC Group, in a collaboration which promises to deliver innovative,
Atlantic Petroleum defaults on Chestnut fieldFeb 8, 2016P/F Atlantic Petroleum says that during the month of January, Atlantic Petroleum produced a net total of 23,000 barrels of oil equivalents (boe).
Faroe Petroleum reports good progress for 2015Feb 8, 2016Graham Stewart, Chief Executive of Faroe Petroleum says that 2015 was another year of growth and good progress for Faroe despite a backdrop of significantly lower commodity prices.
LINN Energy initiates process to explore strategic alternativesFeb 8, 2016US company LINN Energy has initiated a process to explore strategic alternatives to strengthen its balance sheet and maximize the value of the Company.
Schlumberger-Cameron merger receives unconditional clearance from European CommissionFeb 8, 2016Schlumberger Limited and Cameron International Corporation jointly declared that the European Commission has cleared their proposed merger without any conditions
Osage Exploration and Development files for bankruptcyFeb 8, 2016Osage Exploration and Development, Inc. says that on February 3, 2016, it filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code in the U.S.
Suncor Energy acquires 72.9% of Canadian Oil Sands sharesFeb 8, 2016Suncor says 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.
CONSOL Energy adds 934 Bcfe of proved reserves in 2015Feb 8, 2016During 2015, CONSOL Energy Inc. added 934 Bcfe (net to CONSOL) of proved reserves through extensions and discoveries.
FSL Trust completes disposal of two containershipsFeb 8, 2016FSL Trust Management Pte. Ltd. has completed the disposal of Ever Radiant and Ever Respect (the ‘Vessels’) for a cash consideration of approximately US$10,800,000.
Velocys updates ENVIA Energy GTL plant project progressFeb 8, 2016Velocys plc says that ENVIA Energy's EPC contractor, Ventech Engineers, has signed the final major contract, covering installation of process modules, related piping and
MPG Pipeline adds to Houston teamFeb 8, 2016MPG Pipeline Contractors has added Neal Jinkerson and Jeramie Pinter as project managers. Both Jinkerson and Pinter will be responsible for project estimation,
US Oil Sands completes review of its PR Spring Phase 1 projectFeb 8, 2016US Oil Sands Inc. has completed a detailed review of its PR Spring Phase 1 Project in light of continued low oil prices and the closure of two key contractors' Utah-based operations.
AVEVA supports Fabricom on major brownfield projectFeb 8, 2016AVEVA says that Fabricom Offshore Services is using AVEVA software for the brownfield modification of GDF Suez’s Cygnus Platform in 2016.
Greka Drilling drills 62 wells in 2015Feb 8, 2016Greka Drilling Limited has drilled 62 wells in 2015 (2014: 45 wells) a 38% increase YOY, of which: 53 wells drilled in China (2014: 38 wells)
Frontier Resources issues new ordinary sharesFeb 8, 2016The Board of Frontier says that the Company has conditionally issued, though a direct subscription, 4,750,000,000 new ordinary shares of 0.01p each with existing
Genel Energy receives payment for KRI oil exports from the Taq Taq fieldFeb 8, 2016Genel Energy says that the Taq Taq field partners have received a gross payment of $16.3 million from the Kurdistan Regional Government ('KRG') for oil exported through the
Petsec Energy acquires Damis production licenceFeb 8, 2016Petsec Energy Ltd has expanded its oil and gas interests in the Republic of Yemen with the acquisition of entities holding the entire (100%) participating interest (82.5% equity interest)
Halliburton launches electrohydraulic subsea safety systemFeb 8, 2016Halliburton has released the Dash™ 3 inch Subsea Safety System, a complete solution for electrohydraulic control of Halliburton's subsea safety tree.
