Petrobras completes two formation tests in Carcará area
Dec 29, 2015
Petrobras concluded two formation tests in the 3-SPS-105 well, confirming the high productivity of the pre-salt carbonate reservoirs. The 3-SPS-105 well, informally known as Carcará Norte, is located in the area of the Carcará Discovery Evaluation Plan (PAD), 4.6 km north of the discovery well (4-SPS-86B), in water depth of 2,070 meters and reached final depth of 6,338 meters, inside basaltic rocks.

Freeport-McMoRan elects Gerald J. Ford Non-Executive Chairman
Dec 29, 2015
Freeport-McMoRan Inc. says that James R. Moffett, Chairman of the Board, co-founder, and long-time executive, will step down from FCX’s Board of Directors and as Executive Chairman.

Emerald Oil signs agreement to sell certain non-operated assets
Dec 28, 2015
Emerald Oil, Inc. and two of its wholly owned subsidiaries entered into a purchase and sale agreement with Angelus Private Equity Group (Angelus) pursuant to which Angelus

Enterprise Products Partners contracts its first export of US crude oil
Dec 25, 2015
Enterprise Products Partners L.P. has agreed to provide pipeline and marine terminal services to load its first export of crude oil produced in the United States under the law

Caza Oil and Gas closes $45.5 million equity financing
Dec 25, 2015
Caza Oil & Gas, Inc. has closed the equity financing and debt restructuring transactions announced on December 15, 2015, including the issue and sale to

Baker Hughes announces weekly rig counts
Dec 25, 2015
Baker Hughes Incorporated has posted Weekly Rig Count reports to its Investor Relations website. BHI Rig Count: U.S. -9 to 700 rigs

Shoreline Energy Corp. files bankruptcy
Dec 24, 2015
Shoreline Energy Corp. has filed an assignment under section 49 of the Bankruptcy and Insolvency Act (Canada) on December 23. Pursuant to the Assignment, Grant Thornton Limited

GeoPark executes offtake and $100 million funding agreement with Trafigura
Dec 24, 2015
GeoPark Limited has executed an offtake and prepayment agreement with Trafigura, commodity trading and logistics companies.

Resolute Energy closes sale of Gardendale assets in the Midland Basin
Dec 24, 2015
Resolute Energy Corporation has closed the sale of its Gardendale assets in the Midland Basin of West Texas to a private party for a purchase price of $177.5 million.

Williams names Seldenrust Head of Engineering & Construction
Dec 24, 2015
Williams has appointed John Seldenrust as Senior Vice President of Engineering & Construction, effective Jan. 1. Seldenrust will report directly to Williams President and Chief

Empyrean Energy reports third quarter 2015 production from Sugarloaf AMI
Dec 24, 2015
Empyrean Energy declares the production figure from its flagship Sugarloaf AMI Project in the prolific Eagle Ford Shale, Texas, for the three month period

Eos Petro appoints Alan D. Gaines Chief Executive Officer
Dec 24, 2015
Eos Petro, Inc. has appointed Alan D. Gaines as Chief Executive Officer.The Board of Eos is pleased and very excited to attract someone of Mr. Gaines' caliber," said Nikolas

WesternZagros adds flexibility to debt drawdown timing
Dec 24, 2015
WesternZagros Resources Ltd. has reached an agreement with its major shareholder, Crest Energy International, LLC (Crest), to defer the latest first drawdown notice date

Fugro awarded survey services for deepwater development at Guyana oil discovery
Dec 24, 2015
Fugro has been awarded a contract by Esso Exploration and Production Guyana Limited, an ExxonMobil affiliate, for survey services at a deepwater field development offshore Guyana. The contract provides for autonomous underwater vehicle (AUV) geophysical survey and an environmental baseline survey, along with shallow geohazard and geotechnical coring. The discovery of more than 295 feet of high quality, oil-bearing sandstone reservoirs in the Stabroek Block of the Liza Field represents a significant deepwater production find in the Guyana-Suriname basin.

Enbridge Gas Distribution receives approval for new rates
Dec 24, 2015
Enbridge Gas Distribution Inc. (Enbridge) has received approval from the Ontario Energy Board (OEB) for new rates, effective January 1, 2016. These rates are approved on an

Junex retaines D&D Securities Inc. to provide market-making services
Dec 24, 2015
Junex Inc. has retained D&D Securities Inc. of Toronto, Ontario, to provide market-making services. The market-making services will be undertaken by D&D in compliance

Sparrows Group awarded contract for two 500-tonne under-rollers
Dec 23, 2015
Sparrows Group, and its cable and pipe-lay solutions (CPLS) division, reinforced its international footprint in the United States after being awarded a contract by Oceaneering

Forum AMC awarded series of contracts for bucking unit
Dec 23, 2015
Forum Energy Technologies, Inc. says that its AMC Engineering product line has been awarded multi-million dollars worth of significant new orders within just one month.

Encana's DJ Basin sale expected to close in second quarter of 2016
Dec 23, 2015
Encana Corporation’s wholly-owned subsidiary, Encana Oil & Gas (USA) Inc., expects the previously announced sale of its DJ Basin assets to Crestone Peak Resources,

Nostra Terra Oil & Gas gets extension of $25 million credit facility
Dec 23, 2015
Nostra Terra says that Texas Capital Bank has agreed to a three year extension of the lending facility until 31 January 2019.

Elk Petroleum and Denbury Onshore to restructure Grieve project JV
Dec 22, 2015
Elk Petroleum Ltd has entered into a non-binding Letter of Intent (LOI) with Denbury Onshore LLC (Denbury) for the restructuring of the Grieve CO2 Enhanced Oil Recovery

Sunshine Oilsands appoints Chief Financial Officer
Dec 22, 2015
Sunshine Oilsands Ltd. has appointed Mr. Qiping Men ('Mr. Men') as the Chief Financial Officer of the Corporation with effect from December 18, 2015 (Hong Kong Time)/

Enerplus completes sale of non-operated interests in North Dakota
Dec 22, 2015
Enerplus Corporation has completed the previously announced divestment of a portion of its non-operated interests in North Dakota for cash proceeds of approximately $80 million,

Pacific Exploration & Production acquires remaining 50% working interest in CPE-6 Block
Dec 22, 2015
Pacific Exploration & Production Corp.’s wholly-owned subsidiary Meta Petroleum Corporation has reached an agreement with Talisman Colombia Oil & Gas Ltd. to acquire