Helix Energy makes amendment to credit facilityFeb 11, 2016Helix Energy Solutions Group, Inc. has amended its credit agreement to provide the Company with increased financial flexibility through the third quarter of 2017. The Amendment includes the following items:
Bellatrix Exploration declares director resignationFeb 11, 2016Bellatrix Exploration Ltd. says that Daniel Lewis has resigned from the Board of Directors of the Company effective immediately. Mr. Lewis has resigned from the Board of Directors of the Company
Sparrows Group moves into Trinidad and Tobago with Miguel Mechanical ServicesFeb 11, 2016Sparrows Group has grown its Americas footprint into Trinidad and Tobago following an agreement to work in cooperation with Miguel Mechanical Services Ltd.
IEA releases Oil Market Report for FebruaryFeb 10, 2016Having peaked, at a five-year high of 1.6 million barrels per day (mb/d) in 2015, global oil demand growth is forecast to ease back considerably in 2016, to 1.2 mb/d, pulled down by notable slowdowns in Europe,
Fluor awarded Cutbank Ridge Partnership Sweet gas plant project in CanadaFeb 10, 2016Fluor Corporation says that the Cutbank Ridge Partnership selected Fluor to execute engineering, procurement and construction management (EPCM) for Saturn 15-27 Phase 2
Saturn Minerals makes oil discovery at Bannock Creek projectFeb 10, 2016Saturn Minerals Inc. has made a new oil discovery in three separate potential pay zones at its 100% owned 9A-5-44-8W2 well (9A-5) on its Bannock Creek project located near the town of Hudson Bay
Transocean terminates rig contract with MurphyFeb 10, 2016Transocean Ltd. says that Murphy Exploration & Production Company - USA, a subsidiary of Murphy Oil Corporation, has elected to terminate the contract for the ultra-deepwater drillship
WPX Energy Ssells Piceance subsidiary for $910 millionFeb 10, 2016WPX Energy has signed an agreement to sell its wholly owned subsidiary WPX Energy Rocky Mountain, LLC, to Terra Energy Partners LLC for $910 million. The parties expect to close the sale in the second quarter.
Petro River declares development plans for core acreage in Osage CountyFeb 10, 2016Petro River Oil Corp. updates on ongoing corporate activities, as well as the development plans for core acreage in Osage County and interest in several projects accessible through pending acquisition
MEO Australia receives historical technical data from Block 9 onshore CubaFeb 10, 2016MEO Australia Limited has now received a considerable quantity of historical technical data from Block 9 onshore Cuba and has commenced a detailed assessment of the prospectivity of
Michael Zoll joins Vitesse Energy as Operations ManagerFeb 10, 2016Vitesse Energy, LLC, a subsidiary of Leucadia National Corporation says that Michael Zoll has joined the Company as Operations Manager to further develop its growing portfolio of
Bear Head LNG receives US DOE authorisation for exports to Non-FTA countriesFeb 9, 2016The U.S. Department of Energy (DOE) has issued final authorization for Bear Head LNG Corporation and Bear Head LNG (USA), LLC (together Bear Head LNG) to export liquefied
Terra Energy closes minor non-core asset salesFeb 9, 2016Terra Energy Corp. has closed the sale of certain of the Company's minor non-core, P&NG assets in the Mica/Parkland area of the Province of British Columbia for approximately $1.0 million.
Torchlight Energy to move next phase of drilling in Orogrande projectFeb 9, 2016Torchlight Energy Resources, Inc. says that the Orogrande Development Committee, consisting of members of the project operator, Torchlight Energy and consulting geologist Rich Masterson
Husky Energy decides for short term hedging llanFeb 8, 2016Husky Energy has put in place a short term hedging plan for a portion of its oil production. Husky generally manages commodity price risk through its strong balance sheet
LINN Energy initiates process to explore strategic alternativesFeb 8, 2016US company LINN Energy has initiated a process to explore strategic alternatives to strengthen its balance sheet and maximize the value of the Company.
Osage Exploration and Development files for bankruptcyFeb 8, 2016Osage Exploration and Development, Inc. says that on February 3, 2016, it filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code in the U.S.
Suncor Energy acquires 72.9% of Canadian Oil Sands sharesFeb 8, 2016Suncor says that approximately 72.9 per cent of Canadian Oil Sands shares (COS) equating to 353,307,264 common shares and accompanying rights have been tendered to Suncor's Offer.
CONSOL Energy adds 934 Bcfe of proved reserves in 2015Feb 8, 2016During 2015, CONSOL Energy Inc. added 934 Bcfe (net to CONSOL) of proved reserves through extensions and discoveries.
Velocys updates ENVIA Energy GTL plant project progressFeb 8, 2016Velocys plc says that ENVIA Energy's EPC contractor, Ventech Engineers, has signed the final major contract, covering installation of process modules, related piping and
MPG Pipeline adds to Houston teamFeb 8, 2016MPG Pipeline Contractors has added Neal Jinkerson and Jeramie Pinter as project managers. Both Jinkerson and Pinter will be responsible for project estimation,
US Oil Sands completes review of its PR Spring Phase 1 projectFeb 8, 2016US Oil Sands Inc. has completed a detailed review of its PR Spring Phase 1 Project in light of continued low oil prices and the closure of two key contractors' Utah-based operations.
Halliburton launches electrohydraulic subsea safety systemFeb 8, 2016Halliburton has released the Dash™ 3 inch Subsea Safety System, a complete solution for electrohydraulic control of Halliburton's subsea safety tree.
Baker Hughes releases January 2016 rig countsFeb 5, 2016Baker Hughes Incorporated says that the international rig count for January 2016 was 1,045, down 50 from the 1,095 counted in December 2015, and down 213 from the 1,258 counted
