FEATURED STORY

Industry Headlines

At Least 3 Injured After Tornado Hits Texas Gas Drilling Rig
Thursday, May 28, 2015 At least three people were injured when a tornado hit a natural gas drilling rig in northern Texas, the Hemphill County sheriff and a hospital official say.
Alberta Wildfires Burn For 6th Day, 10% Of Oil Sands Crude Offline
Thursday, May 28, 2015 Firefighters battled wildfires in northern Alberta, Canada's biggest crude-producing region, for a sixth day, with two blazes near oil sands facilities still out of control.
End of Oil Glut Seen Nigh as World's Use Set to Top Production
Thursday, May 28, 2015 The global crude market will shift into a deepening deficit in the fourth quarter amid a draw down in US stockpiles, according to Standard Chartered Plc.
No. 2 Offshore Oil Driller Seadrill Sees Industry Pain Through 2016
Thursday, May 28, 2015 The world's second biggest offshore oil driller, Seadrill, predicts years of pain for the global rig market.
US Rig Count Stops Hemorrhaging, But For How Long?
Thursday, May 28, 2015 Analysts note a modest increase in the US rig count, but acknowledge it may not mean a turnaround is in the near future.
Venezuela, Russia's Rosneft Agree On $14B Oil, Gas Investment
Thursday, May 28, 2015 Venezuela and Russia's top oil producer, Rosneft, have agreed on around $14 billion in investment in the South American OPEC country's oil and gas sector, President Nicolas Maduro says.
In Questionable Financial Times, Profits Are Still Possible In Africa
Thursday, May 28, 2015 While many shale and deep water plays may be on hold, shallow oil and gas fields in Africa could prove lucrative for some operators, including indigenous companies.

READ MORE

Exploration

NPD Grants Det Norske Drilling Permit for Ivar Aasen Field
Thursday, May 28, 2015 The Norwegian Petroleum Directorate grants Det Norske Oljeselskap a drilling permit for well 16/1-22 A in the Ivar Aasen field.
Isobel Deep Hits Oil North of the Falklands
Thursday, May 28, 2015 Premier Oil announces that oil has been discovered at the 14/20-1 Isobel Deep well in the North Falkland Basin.
Kina Prepares to Further Drilling at Raintree-1 Well in PPL 337 in PNG
Thursday, May 28, 2015 Kina Petroleum prepares for further drilling at the Raintree-1 exploration well in PPL 337 in Papua New Guinea.
CNOOC Makes Oil Discovery at Liuhua 20-2 Block in South China Sea
Thursday, May 28, 2015 CNOOC makes a mid-sized oil discovery at Liuhua 20-2 block in the eastern South China Sea.
Atlantic Petroleum Withdraws from Gymir Prospect in Norwegian Sea
Wednesday, May 27, 2015 Atlantic Petroleum announces that it is withdrawing from the Gymir prospect on License PL602 in the Norwegian Sea.
Woodside Withdraws from Lake Tanganyika South Block in Tanzania
Wednesday, May 27, 2015 Woodside withdraws from Lake Tanganyika South block in Tanzania.

READ MORE

Production

DNO Announces Production Increase at Tawke Field in Iraq
Thursday, May 28, 2015 DNO reports that oil production at the Tawke field in the Kurdistan region of Iraq has increased between 1Q and 2Q, 2015.
AMEC Foster Wheeler Bags Pre-FEED Contract for LNG Plant in Timor-Leste
Thursday, May 28, 2015 Amec Foster Wheeler bags a $3.8 million pre-FEED contract from the Timor-Leste government for the proposed liquefied natural gas plant in the country.
Big US Shale Field Marcellus Faces Output Drop Due To Low Gas Prices
Thursday, May 28, 2015 Natural gas production in the Marcellus shale, which has grown over the past decade from next to nothing to the source of about a fifth of US output, may decline for the first time.
Jura Posts Test Results for Reti-2 Well in Pakistan's Central Indus Basin
Thursday, May 28, 2015 Jura Energy provides post stimulation testing results of the Reti-2 development well in the Guddu Block in Central Indus Basin, Pakistan.
Lion Confirms Major Gas Potential at Seram (Non-Bula) PSC in Indonesia
Thursday, May 28, 2015 Lion Energy says test results at Lofin-2 well in Seram (Non-Bula) production sharing contract in eastern Indonesia confirm significant gas potential in the block.
Petro River Announces Change In Pearsonia West Concession Requirements
Wednesday, May 27, 2015 Petro River Oil announces that the Osage Mineral Council has approved the newly agreed upon terms and conditions for the Pearsonia West Concession.
Strike to Accelerate Commercial Development of SCB Gas Project in SA
Wednesday, May 27, 2015 Strike Energy to accelerate commercial development of the Southern Cooper Basin Gas Project in South Australia.

READ MORE

Finance and Investing

Providence Resources Reports $12 Million Loss in 2014
Wednesday, May 27, 2015 Providence Resources reports a loss of $12.4 million dollars in its preliminary results for the year ended December 31, 2014.
Bumi Armada's 1Q 2015 Net Profit Up 11.2% to $19M, Lifted by FPSO Segment
Wednesday, May 27, 2015 Bumi Armada posts an 11.2 percent increase in net profit for first quarter 2015 to $18.5 million, with gains due mainly to contributions from its floating production business.
American Energy Partners Units Seek Bonds Deals in Oil Slump
Wednesday, May 27, 2015 Two oil and gas units of Aubrey McClendon's American Energy Partners LP are seeking bond deals after cutbacks in planned production.
Range Resources Secures Funding Deal with Chinese Investment Group
Tuesday, May 26, 2015 Range Resources signs Memorandum of Understanding with Beijing Sibo Investment Management, which could unlock up to $35 million of funding.
ONGC Videsh's FY 2015 Net Profit Falls 57% Due Mainly to Lower Oil Prices
Tuesday, May 26, 2015 ONGC Videsh recorded a 57.16 percent decline in net profit for financial year 2015 that ended March 31 due mainly to lower oil prices.
Eland Sees Reduced Loss
Friday, May 22, 2015 Eland Oil & Gas reveals a $16-million loss in its full-year results for 2014, which compares favorably to a loss of $26 million in 2013.

READ MORE

Company Operations

Synergy Resources Corporation Appoints Lynn Peterson as President
Thursday, May 28, 2015 Synergy Resources Corporation announces that Mr Lynn Peterson has joined the executive team as President.
DNV Appoints New CEO, Who Warns of Tough Times
Thursday, May 28, 2015 Remi Eriksen, the newly-appointed CEO of offshore safety assessment business DNV, says the firm sees challenging market developments.
Ithaca Energy Shares Slide after Disclosing North Sea Dispute
Thursday, May 28, 2015 UK North Sea-focused Ithaca Energy says it has received a legal claim regarding its Greater Stella Area oilfield in the North Sea.
Galp, Petrobras Return Caramba Oil Prospect
Thursday, May 28, 2015 Galp Energia and Petrobras return the Caramba oil block to Brazil's ANP regulator after finding it is not commercially viable.
Drone Inspection Firm Sky Futures Wins New Investment
Thursday, May 28, 2015 Oil and gas inspection firm Sky Futures wins an investment of up to $1 million for its drone-based inspection technology from San Francisco investor Airware.
BMT Clinches Contract for Africa's First LNG Import Terminal in Ghana
Thursday, May 28, 2015 BMT clinches contract from Endeavor Energy for Africa's first liquefied natural gas import terminal in Ghana.

READ MORE



Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE
Most Popular Articles
Brent Crude Oil : $62.06/BBL 2.60%
Light Crude Oil : $57.71/BBL 0.55%
Natural Gas : $2.82/MMBtu 0.00%
Updated in last 24 hours