Diesel fuel retail price falls below $2.00 per gallon for first time since 2005Feb 18, 2016EIA's weekly survey of diesel prices shows that the U.S. average retail price for on-highway diesel fuel was $1.98 per gallon (gal) on February 15, falling below $2/gal for the first
Northcote Energy initiates asset sales processFeb 18, 2016Northcote Energy says that over recent months, the Company has been in discussions with various parties who have expressed interest in acquiring its Oklahoma Portfolio.
Madalena finds oil in the Lower Agrio Shale in ArgentinaFeb 17, 2016Madalena Energy Inc. declares the initial results of its completion and testing of the Lower Agrio shale formation on its 90% working interest operated block at Curamhuele in Argentina.
Kongsberg Maritime appoints new PresidentFeb 17, 2016Egil Haugsdal follows Geir Håøy as President of Kongsberg Maritime. Haugsdal holds extensive leadership experience from KONGSBERG, and currently heads Kongsberg Oil & Gas Technologies
Helix Energy to sell its 50% interest in Deepwater Gateway, L.L.CFeb 17, 2016Helix Energy Solutions Group, Inc. declared the sale of its 50% interest in Deepwater Gateway, L.L.C. (owner of the Marco Polo platform) to a subsidiary of Genesis Energy, L.P. for a cash purchase price of $25 million.
Manitok Energy closes the final tranche of its private placementFeb 17, 2016Manitok Energy Inc. has closed the final tranche of its previously announced concurrent brokered and non-brokered private placement offering of common shares (the "Common Shares")
Seatronics names Janelle Pence as new Vice President, USA regionFeb 16, 2016Seatronics Ltd has declared the recruitment of Janelle Pence as vice president for the USA region. Pence will be responsible for managing and developing Seatronics’ business with a particular
Baker Hughes releases weekly rig countsFeb 16, 2016Baker Hughes Incorporated has posted Weekly Rig Count reports to its Investor Relations website. U.S. Rig Count is down 30 rigs from last week to 541, with oil rigs down 28 to 439, and
NUTECH partners with WellDatabase, introduces NuQuestFeb 16, 2016NUTECH has partnered with WellDatabase to launch NuQuest, the industry’s first comprehensive and intuitive digital platform providing standard well data coupled with corresponding reservoir
Premier Oil terminates drilling contract with Ocean Rig UDWFeb 15, 2016Premier and Noble Energy entered into a contract with Ocean Rig UDW on 3 June 2014, for the provision of the Eirik Raude drilling unit for an exploration drilling campaign in the Falkland Islands.
Noble Corporation declares settlement with Paragon OffshoreFeb 15, 2016Noble Corporation declared a settlement agreement in principle with Paragon Offshore plc, the company spun-off by Noble in 2014, following the public announcement by Paragon
TransCanada plans $42 billion in near-term, long-term capital projectsFeb 15, 2016TransCanada Corporation was stung by denial of a U.S. presidential permit for the Keystone XL Pipeline, but still plans to spend C$58 billion ($42 billion) on capital projects through 2019 and beyond,
Strategic to spud its fourth well of the winter drilling programFeb 15, 2016Strategic Oil & Gas Ltd. says its current corporate production is estimated at 2,050 boe/d. The Company is preparing to spud its fourth well of the winter drilling program. Strategic has further delineated
Basic Energy Services reports selected operating data for January 2016Feb 15, 2016Basic Energy Services, Inc. reported selected operating data for the month of January 2016. Basic's well servicing rig count remained unchanged at 421. Well servicing rig hours for the month were
Delphian Ballistics reaches key commercial milestoneFeb 15, 2016A north-east technology company is celebrating a key milestone in the commercialisation of its product, with potential to transform the global oil and gas industry.
Yuma Energy and Davis Petroleum enters into merger agreementFeb 15, 2016Yuma Energy, Inc. and privately held Davis Petroleum Acquisition Corp. have entered into a definitive merger agreement for an all-stock transaction. Upon completion of the transaction,
SoCalGas reports temporary control of Aliso Canyon gas leakFeb 12, 2016SoCalGas continues to make progress on relief well number one, reaching a measured depth of 8,615 feet. As we move forward, there are three major milestones - the 'three C's' - to stopping the leak:
Whitecap Resources makes 27% increase to 2015 year-end reservesFeb 12, 2016Whitecap Resources Inc. presents the results of our independent 2015 year end oil and gas reserves evaluation prepared by McDaniel & Associates Consultants Ltd.
Transocean Ltd. issues fleet status reportFeb 12, 2016Transocean Ltd. has issued a comprehensive Fleet Status Report which provides the current status of and contract information for the company's entire fleet of offshore drilling rigs.
Pine Cliff reports more than 120% increase in 2015 year-end reservesFeb 12, 2016Pine Cliff Energy Ltd. declares its 2015 year-end reserves. Pine Cliff's independent reserve report was prepared by McDaniel & Associates Limited (McDaniel) in accordance with National Instrument
Blackstone forms partnership for offshore oil & gas drilling servicesFeb 12, 2016Blackstone has formed Clarion Offshore Partners LLC (Clarion), a new platform to provide strategic solutions to the offshore oil and gas drilling and services sector, with a financial
Golar LNG sells Golar Tundra to Golar LNG Partners LPFeb 11, 2016Golar LNG Limited has entered into a purchase agreement to sell the Golar Tundra, a floating storage and regasification unit, to Golar LNG Partners LP for a sale price of $330.0 million.
Williams Partners to serve two gulf coast LNG export facilitiesFeb 11, 2016Williams Partners L.P. has executed long-term contracts with two shippers for Gulf Connector, a 475,000 dekatherm per day expansion of the Transco pipeline system to connect U.S. natural gas
Black Mountain Oil and Gas makes partnership with Natural Gas PartnersFeb 11, 2016Black Mountain Oil & Gas, LLC has closed a $150 million equity commitment from Natural Gas Partners through NGP Natural Resources XI, L.P., the most recent NGP private equity
