Technip awarded a subsea contract for the Odd Job deepwater field in the GoM
Dec 16, 2015
Technip has been awarded a lump sum contract by Deep Gulf Energy II, LLC for the development of the Odd Job field. This ultra deepwater field is located in Mississippi Canyon,

Cash Strapped Petrobras Attempts to Sell Pre-Salt Areas
Dec 16, 2015
“Our strong operational result was consumed by a decline in the exchange rate,” Petrobras Chief Financial Officer Ivan Monteiro told reporters in Rio de Janeiro. Petrobras posted a loss of USD1.01 billion in the third quarter....
By Peter Howard Wertheim & Dayse Abrantes

Mart Resources and Delta Oil terminate arrangement agreement
Dec 15, 2015
Mart Resources, Inc. says that, due to prevailing market and industry conditions, Mart and Delta Oil Nigeria B.V. (Delta) have mutually agreed to terminate the arrangement agreement

88 Energy advance as Icewine well reaches “critical juncture”
Dec 15, 2015
88 Energy shares advanced on Monday morning after the company told investors that its drill programme at the Icewine project, onshore Alaska, had reached a “critical juncture”.

Select Sands closes previously announced private placement
Dec 14, 2015
Select Sands Corp. announced that there will be no further closings under its previously announced private placement. On November 12, 2015 the Company has announced that

Saturn Minerals adds Wayne Slemp to its Advisory Board
Dec 14, 2015
Saturn Minerals Inc. says that Wayne Slemp has joined the Advisory Board and is significantly bolstering the Company's operating technical team with regard to the Company's oil and gas projects.

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

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

Freeport-McMoRan declares further reduction in capital spending
Dec 10, 2015
Freeport-McMoRan Inc. announced additional actions in response to market conditions, including further revisions to its oil and gas capital spending plans, additional curtailments in copper and molybdenum production

88 Energy provides further drilling update on Icewine #1
Dec 10, 2015
88 Energy Limited is pleased to provide the following drilling update. Since the last update, 7' casing has been successfully run and cemented to 10,450'. The statutory test of the Blowout Preventer system

EMGS reports Multi-Client sales in US Gulf of Mexico project
Dec 10, 2015
Electromagnetic Geoservices ASA (EMGS) has entered into a data licensing agreement with an international oil company for the provision of 3D EM data from the multi-client data library over the

Petrobras Step by Step Assessment of Pre-Salt Plays
Dec 9, 2015
Part 3: 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

Yoho Resources to sell certain Duvernay assets for $50 million
Dec 9, 2015
Yoho Resources Inc. has entered into a definitive agreement to sell a portion of its Duvernay assets in the Kaybob area of Alberta (the "Subject Assets") for cash consideration of $50 million (prior to adjustments)

Petsec Energy drills the Hummer exploration prospect
Dec 8, 2015
Petsec Energy advised that the Main Pass Block 270 #3 well on its Hummer exploration prospect has been drilled to a true vertical depth of 15,748 feet/15,788 feet measured depth to test Miocene age sand objectives.

Current Issues Affecting Petrobras
Dec 5, 2015
Part 2: 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

88 Energy provides Icewine #1 drilling update
Dec 4, 2015
88 Energy Limited is pleased to provide the following drilling update. Drilling recommenced in the 8.5' intermediate hole through the Brookian sequence from 8,773' on

Petsec Energy appoints Head of Investor Relations
Dec 4, 2015
Petsec Energy has appointed Mr. Manny Anton to the role of Head of Investor Relations, effective 1 December 2015. Mr. Anton will be based in the Company's Sydney office and will report directly to the

Marathon Oil plug and abandon Solomon exploration well
Dec 4, 2015
Marathon Oil Corporation says that the Solomon exploration well in the Gulf of Mexico reached its total depth of approximately 34,600 feet on Walker Ridge Block 225 and did encounter the lower tertiary target interval.

Petro-Victory Energy Corp. announces resignation of director
Dec 3, 2015
Petro-Victory Energy Corp. wishes to announce the resignation of Drew Faulkner from the Company's board of directors. Mr. Faulkner joined the board in late July anticipating that he could devote sufficient time t

ORLEN Upstream and Kicking Horse Energy complete arrangement
Dec 2, 2015
ORLEN Upstream Canada Ltd., a wholly owned subsidiary of PKN ORLEN S.A, and Kicking Horse Energy Inc. has completed ORLEN Upstream Canada's acquisition of all of the outstanding common shares

Evaluation of Yet-to-Find (YTF) Oil in the Pre-salt area of Brazil
Dec 1, 2015
Part 1: 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.
By Peter Howard Wertheim & Dayse Abrantes

Long Run Exploration makes amendments to bank credit facilities
Dec 1, 2015
Long Run Exploration Ltd. announces amendments to our bank credit facilities.Long Run has completed the semi-annual review of our credit facilities with our bank syndicate.

88 Energy recommences operations at Icewine #1
Nov 30, 2015
88 Energy Limited is pleased to provided the following drilling update.Repairs to the drawworks were finished as at 25th November 17:00 (AK time) at which

Equatorial Guinea's national gas company opens negotiations for LPG purchase
Nov 26, 2015
The Ministry of Mines, Industry and Energy of Equatorial Guinea has announced that national gas company SONAGAS will begin marketing the State's share of liquefied petroleum gas (LPG) produced at the