Eland Oil & Gas satisfied all conditions precedent to access US$22 million loan facility
Dec 8, 2014
Eland Oil & Gas has satisfied all the conditions precedent to access its US$22 million loan facility (the "Facility") with Standard Chartered Bank.

Pacific Rubiales forms JV with ALFA to develop Mexican projects
Dec 8, 2014
Pacific Rubiales Energy Corp. has entered into an agreement in principle (the "Agreement") with Alfa S.A.B. de C.V (ALFA) in connection with the

PETRONAS statement regarding LNG development in British Columbia
Dec 8, 2014
PETRONAS says that the Government of British Columbia and Pacific NorthWest LNG have brought resolution to key provincial policy matters

Rose Petroleum completes placing and subscription
Dec 8, 2014
Rose Petroleum confirms that its recent fundraising of £3.5 million through a placing and subscription of 199,999,987 new ordinary shares

Warren Resources names Dominick D'Alleva as Interim Chairman of the Board
Dec 8, 2014
Warren Resources, Inc. says that, effective immediately, the Board of Directors has appointed Warren Resources Board member, Lance Peterson,

TransAtlantic updates sustained production level from Dadas Interval
Dec 8, 2014
TransAtlantic Petroleum Ltd. announce that the Dadas interval of its Bahar-6 well (100% working interest, 87.5% net revenue interest) in the

Global Energy Development completes sale of Llanos Basin properties
Dec 8, 2014
Global Energy Development has completed the sale of its rights and obligations of the Company's contract areas within the Llanos Basin (the "Llanos Assets").

Deep Down receives orders totaling more than $3 million
Dec 8, 2014
Deep Down, Inc. has received multiple orders for flying leads and offshore installation equipment. The flying leads will be deployed in West Africa, South

MEG Energy announces $1.2 billion 2015 capital budget
Dec 8, 2014
MEG Energy provides an update to its 2014 capital program and outlined its 2015 capital investment plan and production guidance.

Horizon Oil drills Nama-1 exploration well in PPL 259 in PNG
Dec 8, 2014
Horizon Oil Ltd. says that the Nama-1 exploration well in PPL 259, Western Province, Papua New Guinea (PNG), was spud at 1000 hrs local time Dec. 4.

Tuscany Energy to secure $1,000,000 through financing
Dec 8, 2014
Tuscany Energy Ltd. plans to issue up to 2.27 million common shares of the Company on a flow-through basis (the "Flow-Through Shares") at a

Oando Energy Resources completes the Umugini Pipeline
Dec 8, 2014
Oando Energy Resources Inc. has completed the 45,000bbls/d, 51km Umugini pipeline. The pipeline will provide an alternative evacuation route

FX Energy to plug and abandon Angowice-1 well
Dec 8, 2014
FX Energy, Inc. report that the Angowice-1 well was drilled to approximately 3,880 meters and will be plugged and abandoned. The well did not

Oilex receives nod for the sale of gas from the Bhandut-3 well
Dec 8, 2014
Oilex Ltd has received endorsement from the Government of India for the sale of gas from the Bhandut-3 well, which is located within the

Baker Hughes announces November 2014 rig counts
Dec 8, 2014
Baker Hughes Incorporated announce that the international rig count for November 2014 was 1,324, up 16 from the 1,308 counted in October

Lundin Petroleum makes change in Lundin Norway management
Dec 8, 2014
Lundin Petroleum says that the Managing Director of Lundin Norway AS (Lundin Norway) Torstein Sanness will retire from his executive position

Cluff Natural formally awarded five licences in the UK's 28th Offshore Licensing Round
Dec 8, 2014
Cluff Natural Resources says that further to the provisional award of promote licences in the UK’s 28th Offshore Licencing Round on 7 November 2014,

Statoil extending rig suspensions
Dec 8, 2014
Due to overcapacity in the rig portfolio the suspension periods for COSL Pioneer, Scarabeo 5 and Songa Trym have been extended.The suspensions are also a result of the failed attempts to mature alternative tasks for the rigs. “When the rig contracts were signed it was challenging to ensure sufficient rig capacity. Today the activity is facing lower margins, a generally high cost level and subsequent lower profitability.

Questerre Energy appoints Ted Roberts to Board
Dec 5, 2014
Questerre Energy Corporation has appointed Ted Roberts to the Board of Questerre. Peder Paus, Chairman of Questerre, commented, "It is with great pleasure

OCS forms joint venture with Saudi’s Zahid Group
Dec 5, 2014
OCS Group has formed a facilities services joint venture in Saudi Arabia with the Jeddah-based Zahid Group. The new OCS Arabia venture will be headquartered in the King

Deep Well declares preliminary results of the Sawn Lake SAGD demonstration project
Dec 5, 2014
Deep Well Oil & Gas, Inc. announce preliminary results of the Sawn Lake Steam Assisted Gravity Drainage (SAGD) Demonstration Project.

LGO Energy's group production totals 1,272 bopd
Dec 5, 2014
LGO Energy says that Group production has exceeded 1,250 barrels of oil per day (bopd), with over 85 percent derived from its operations in Trinidad.

Parker completes a minority equity investment agreement
Dec 5, 2014
Parker Hannifin Corporation has completed a minority equity investment agreement with Freedom Innovations LLC. Freedom Innovations,

Oil flow begins through Umugini pipeline
Dec 5, 2014
Mart Resources, Inc. and its co-venturers, Midwestern Oil and Gas Company Plc. (Operator of the Umusadege field) and SunTrust Oil Company