Rosneft produces 2 millionth ton of oil at the Northern Tip of Chayvo field
Dec 14, 2015
Rosneft produced 2 millionth ton of oil since the production start at the Northern Tip of Chayvo field in 2014. The Northern Tip of Chayvo field is located in the Sakhalin shelf area.

Tethys Oil declares November 2015 production udpate
Dec 14, 2015
Tethys' share of the production, before government take, from Blocks 3 and 4 onshore the Sultanate of Oman amounted in November 2015 to 331,762 barrels of oil,

ConocoPhillips announces 2016 operating plan and capital budget of $7.7 billion
Dec 14, 2015
ConocoPhillips 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 sales; and

Cenovus Energy declares 2016 budget
Dec 14, 2015
Cenovus Energy Inc. expects to invest between $1.4 billion and $1.6 billion in 2016. While allowing for the planned completion of well-advanced oil sands growth projects in 2016,

Raging River Exploration to acquire Viking light oil assets
Dec 14, 2015
Raging River Exploration Inc. has entered into a definitive agreement to acquire Anegada Energy Corp., a privately held corporation with 2,750 boe/d of high quality Viking light oil

Pine Cliff Energy closes $185 million strategic acquisition
Dec 14, 2015
Pine Cliff Energy Ltd. has closed its previously announced acquisition of certain natural gas weighted assets (the "Assets") in the Viking area of Central Alberta and Ghost Pine

Statoil and Repsol announce transactions in Norway, UK, US and Brazil
Dec 14, 2015
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 be deepening our relationship with Repsol. In the current challenging market environment, these are innovative, value-enhancing transactions which will help control costs and strengthen Statoil’s portfolio for the long term”, said John Knight, Statoil’s Executive Vice-President for Global Strategy & Business Development.

Bright Future Trends
Dec 11, 2015
Part 4: Report from Peter Howard Wertheim and Dayse Abrantes, in Rio de Janeiro, Brazil, based on papers and interviews with Professor Cleveland M. Jones, DSc., and Professor Hernani Aquini Fernandes Chaves, DSc., geologists. For Scandinavian Oil-Gas Magazine (Oslo, Norway).
By Peter Howard Wertheim & Dayse Abrantes

Dolphin Geophysical provides update on restructuring
Dec 11, 2015
Group ASA ("Dolphin" or the "Company" and together with its subsidiary Dolphin Geophysical AS") regarding a restructuring of the Group's debt and capital structure (the "Restructuring").

INPEX establishes Domestic Exploratory Drilling Operations Office Tokyo
Dec 11, 2015
Inpex Corp. has established the Domestic Exploratory Drilling Operations Office (the Office) in order to smoothly and efficiently carry out the drilling project commissioned by the Agency of Natural Resources

IOC signs well management contract for upcoming Skipper well with AGR
Dec 11, 2015
Independent Oil and Gas has executed a well management contract with AGR Well Management Limited for the drilling of the appraisal well on Skipper, on track to spud in late January or early February 2016.

Exillon Energy provides November 2015 production figures
Dec 11, 2015
Exillon Energy plc, a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora and West Siberia, is pleased to announce unaudited production data for the month of November 2015.

Penspen awarded FEED contract for the development of Ghana’s NGITS
Dec 11, 2015
Penspen has been awarded a contract from Bulk Oil Storage and Transportation Company Limited (BOST) to conduct a Front End Engineering Design (FEED) study for further development of the Ghana

Repsol reduces its financing costs by 65 million dollars a year
Dec 11, 2015
Repsol, through its subsidiary Talisman Energy, announced the purchase, with a discount of 14.5%, of 1.5 billion dollars of face value in Talisman bonds today, corresponding to five issues expiring in

Touchstone Exploration updates Trinidad acquisition
Dec 11, 2015
Touchstone Exploration Inc. announces an update to its Trinidad acquisition and reports on discussions with its lender on a review of certain credit facility covenants.

E2S introduces SIL 2 certified BEx alarm horn sounders and Xenon strobe beacons
Dec 11, 2015
E2S Warning Signals has introduced a SIL 2 version of its flagship BEx range of explosion proof alarm horn sounders and Xenon strobe beacons. The new IECEx and ATEX certified BEx horns and strobes are the perfect

Lankhorst mooring lines for Libra FPSO
Dec 11, 2015
Offshore rope manufacturer, Lankhorst Euronete Brasil (LEB), has been awarded a contract by OOGTK Libra GmbH & Co KG to supply the Polyester Mooring Ropes for a Floating Production, Storage and Offloadin

Subsea training centre prepares for april diving regulation deadline
Dec 11, 2015
Subsea training facility, The Underwater Centre, is preparing for changes to the prerequisite requirements for experienced commercial air divers which will come in to play in April 2016.

VPower awarded two new gas-based distributed power projects in Myanmar
Dec 11, 2015
VPower Group has signed two power generation contract arrangements with Myanmar's state electricity enterprise, for the Economic Zone of Kyauk Phyu and key industrial city Myingyan, both for over the

MB Air Systems invests in new offshore winch technology
Dec 11, 2015
MB Air Systems is preparing to take delivery of some of the most sophisticated winches in the world after investing in more than $500,000 (USD) of new equipment for the North Sea market.

Chevron declares $26.6 billion capital and exploratory budget for 2016
Dec 11, 2015
Chevron Corporation 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 2016 budget is

Teekay Corporation makes changes to its Board of Directors
Dec 11, 2015
Teekay Corporation says that Mr. Alan Semple and Mr. Bill Utt have each accepted an invitation to join Teekay's Board of Directors, effective immediately. Mr. Semple and Mr. Utt will replace Mr. William B Berry

Baytex announces 2016 budget and amendments to bank credit facilities
Dec 11, 2015
Baytex Energy Corp. says that its Board of Directors has approved a 2016 capital budget of $325 to $400 million, which is designed to generate average annual production of 74,000 to 78,000 boe/d.

Gibsons declares 2016 growth capital expenditure budget of $200 Million to $300 Million
Dec 11, 2015
Gibson Energy Inc. says that its Board of Directors has approved a 2016 growth capital expenditure budget ranging between $200 million and $300 million. Additionally, the Board of Directors approved $50 million