Incremental Oil and Gas increases PDP reserves by 75% at Silvertip fieldJan 15, 2016Incremental Oil and Gas has increased its independently certified net Proven Developed Producing (PDP) reserves by 75% to 1,021.7 MBOE at its Silvertip Oil and Gas Field in
Oil Basins issues statement clarifying operatorship of Derby BlockJan 15, 2016Oil Basins Limited has not resigned as Operator of EP487 (Derby Block) and the Company continues as Operator.
WHL Energy intends to continue its participation on Seychelles blocksJan 15, 2016Australian energy company WHL Energy Limited refers to the farm-out agreement between Ophir Seychelles (Areas 1, 2 and 3) Limited, PetroQuest International Incorporated and WHL
Azonto working on disposal of oil and gas activities in West AfricaJan 15, 2016Azonto Petroleum has worked over the past few months to tidy up legacy issues relating to the disposal of the company's oil and gas activities in West Africa. Following the disposal,
Statoil purchases minority sake in Lundin PetroleumJan 15, 2016Statoil ASA 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 4.6 billion. The investment in Lundin Petroleum will increase Statoil’s indirect exposure to core assets on the Norwegian Continental Shelf (NCS).
Ashtead secures deal with nCentric to supply cutting edge wireless technologyJan 14, 2016Ashtead Technology is to provide fast, reliable and more cost-effective broadband communications between rigs and vessels and onshore facilities following a worldwide
‘It’s Time for Transformation’ Says Subsea UKJan 14, 2016Subsea UK has urged the industry to turn talk into action now to safeguard the future of the UK’s £9billion subsea sector.
Independent Oil and Gas plans to drill the Skipper appraisal wellJan 14, 2016Independent Oil and Gas discloses plans to drill the Skipper appraisal well and its forward funding plans to mid-2018.
Dana Gas makes key senior management appointmentsJan 14, 2016Dana Gas has made the following key senior management appointments. Chris Hearne was appointed as the Chief Financial Officer of the Company on
Ophir Energy appoints regional directorsJan 14, 2016Ophir Energy plc has appointed Dr John Bell to the position of Director - Asia and Dr Oliver Quinn to the position of Director - Africa and Global New Ventures.
Ezion secures agreement to jointly market two service rigs being built by a Chinese SOEJan 14, 2016Ezion Holdings Limited has secured an agreement to jointly market two Service Rigs being built by a Chinese State Owned Enterprise to support the offshore windfarm,
Tullow Oil issues trading statementJan 14, 2016Tullow Oil plc issues this statement to summarise recent operational activities and to provide trading guidance in respect of the financial year to 31 December 2015. T
Range receives aprovals for the implementation of the Beach Marcelle waterflood programmeJan 14, 2016Range has received government and regulatory approvals for the implementation of the Beach Marcelle waterflood programme. Separate work programme stages will require
Rockhopper completes pre-FEED work for Phase 1a of Sea Lion developmentJan 14, 2016Rockhopper Exploration says that the Sea Lion Phase 1a development definition phase is completed and significant improvements have been identified to enhance overall project
Industry body responds to increased demand for decommissioning knowledgeJan 14, 2016Only very few of those involved in the North Sea oil and gas industry can claim to have no interest in the future of decommissioning. At this particular juncture, interest levels surrounding
Wentworth Resources updates Q4 2015 gross gas productionJan 14, 2016Wentworth reports that Q4 2015 gross gas production into the pipeline and directly to a power plant in Mtwara averaged 46 MMscf/d, with production averaging 55 MMscf/d during the m
Bahamas Petroleum speaks on new Petroleum BillJan 14, 2016Bahamas Petroleum Company says that the Bahamian House of Assembly passed a new Petroleum Bill and associated Regulations and a Sovereign Wealth Bill in December 2015.
Gran Tierra completes the acquisition of PetroamericaJan 14, 2016Gran Tierra Energy Inc. has completed the acquisition of all of the issued and outstanding common shares of Petroamerica (Petroamerica Shares) (being 108,888,215 Petroamerica Shares)
Buru Energy confirms oil find at Ungani Far West 1 WellJan 14, 2016Buru Energy Ltd. says that since the last progress report, the logging and sampling program has been completed and the well was then drilled ahead to the interpreted top of the Ungani Dolomite
Petrobras reports adjustments to the 2015-2019 business and management planJan 14, 2016Petrobras says that its Board of Directors has approved certain adjustments to the 2015-2019 Business and Management Plan (2015-2019 BMP).
Halliburton and Baker Hughes respond to European Commission actionJan 14, 2016Halliburton Company and Baker Hughes Incorporated noted the decision by the European Commission (the “Commission”) to initiate a Phase II review of Halliburton’s pending acquisition
Premier Oil agrees to acquire all of E.ON’s UK North Sea assetsJan 14, 2016Premier Oil 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 will be funded from existing cash resources, adds immediate cash generative production, realises tax synergies on Premier’s current c.$3.5bn UK tax loss position and is accretive to lending covenants.
NOVATEK releases preliminary operating data for the fourth quarter and full year 2015Jan 14, 2016OAO NOVATEK reported preliminary operating data for the fourth quarter and full year 2015. In the fourth quarter 2015, NOVATEK's marketable production totaled
Aminex secures milestone gas sales agreementJan 14, 2016Aminex has executed a fully-termed Gas Sales Agreement with the Tanzania Petroleum Development Corporation for its Kiliwani North gas field, which moves the Company into its
