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USA
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Statoil Adopts IHS Kingdom for US Onshore Assets May 27, 2016Following a performance-based assessment, Statoil, has selected the IHS Kingdom® geologic and geophysical interpretation software suite as its primary geoscience workflow platform...
Statoil Divests Assets in the Marcellus May 3, 2016Statoil reports that it has agreed to divest its operated properties in the US state of West Virginia to EQT Corporation for USD 407 million in cash.
Borets Completes Successful Applications of WR2 Systems Mar 28, 2016Borets – provider of engineering, manufacturing, sales and service for electric submersible pump (ESP) systems – has successfully completed eight...
Statoil Energy Ventures Makes First Investment Mar 7, 2016Statoil Energy Ventures has announced that it has invested USD 3 million in United Wind, a provider of distributed wind energy leasing solutions.
Weekly Rig Counts from Baker Hughes Mar 6, 2016Baker Hughes Incorporated has posted Weekly Rig Count reports to its Investor Relations website. US rig count: -13 to 489 rigs…
Baker Hughes issues weekly rig counts Feb 29, 2016Baker Hughes Incorporated has posted Weekly Rig Count reports to its Investor Relations website. U.S. Rig Count is down 12 rigs from last week to 502, with oil rigs down 13 to 400,
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Spot News |
Further Increasing Johan Sverdrup ValueStatoil and partners have further increased the value of the Johan Sverdrup field as a result of continued high quality in project execution, good drilling efficiency and further maturation of the resource base.
Faroe Commences Fogelberg Appraisal WellFaroe Petroleum has announced the commencement of the Fogelberg appraisal well and contingent sidetrack 6506/9 – 4A and 4S in the Norwegian North Sea (Faroe 28.3%).
North Sea Exploration Success for BPBP has announced two new exploration discoveries in the North Sea. The discoveries are Capercaillie, in Block 29/4e in the Central North Sea, and Achmelvich, in Block 206/9b west of Shetland.
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Pantheon completes a diagnostic spinner survey on VOS#1 discoveryFeb 29, 2016Pantheon Resources says that having earlier completed a pressure build up test on the VOS#1 discovery, the operator Vision has completed a diagnostic spinner survey in order
Resolute Energy declares 2016 capital budgetFeb 29, 2016Resolute Energy Corporation declared its 2016 capital budget and issued guidance as to anticipated production and costs for 2016. Resolute also provided detail on its year-end
GE completes divestment of power generation assets to Ansaldo EnergiaFeb 29, 2016GE closed its transaction to divest select power generation assets to Ansaldo Energia. GE first announced the transaction in September 2015 when the European Commission and U.S.
Nostra Terra Oil & Gas to drill Paw Paw prospectFeb 29, 2016Nostra Terra says that in December the company declared the approval of an Exploratory Unit by the Bureau of Land Management, which creates numerous benefits such as a single commercial
West Texas Resources acuires WI in Gregg County, Texas leaseFeb 26, 2016West Texas Resources, Inc. has completed a working interest acquisition agreement with Two Eagles Resources of White Oak, Texas. The agreement involves West Texas
ENGIE acquires OpTerra Energy ServicesFeb 26, 2016ENGIE and OpTerra Energy Services say that a member of the ENGIE Group has acquired OpTerra Energy Services and its affiliated companies.
Petro River updates on Horizon Energy Partners' farmout agreementFeb 26, 2016Petro River Oil Corp. has released an update from Horizon Energy Partners, LLC relating to a Farmout Agreement between Horizon Energy's wholly owned subsidiary, Grapevine Energy,
Houston American Energy to purchase a 12.5% interest in TRLFeb 26, 2016Houston American Energy Corp. has agreed to purchase ordinary shares of Tamboran Resources Limited (TRL) for $1 million. Closing of the purchase is subject to receipt by
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Bell Geospace acquires new Lockheed Martin InstrumentFeb 25, 2016Bell Geospace has acquired their fourth Full Tensor Gravity Gradiometer (FTG). The addition of this instrument to their fleet will allow Bell to continue to meet the needs of clients in Africa and Southeast Asia
Shell makes senior staff and organisational changes in North AmericaFeb 25, 2016Royal Dutch Shell reported that after a 34-year career with the company, Unconventional Resources Director and U.S. Country Chair, Marvin Odum, will leave Shell at the end of March, 2016.
Virtus signs Letter of Intent to acquire San Juan County oil and gas fieldFeb 25, 2016Virtus Oil and Gas Corporation has signed a letter of intent with a US subsidiary of an international Oil and Gas Company, to acquire its U.S. operated, producing oil and gas fields in
American Patriot gets 22 c/share takeover offer from Running Foxes PetroleumFeb 24, 2016American Patriot Oil and Gas Limited has an unsolicited takeover bid to acquire 100% of the company from Running Foxes Petroleum Inc.
Nostra Terra acquires producing assets in the Permian BasinFeb 23, 2016Nostra Terra Oil & Gas has acquired producing assets in the Permian Basin of New Mexico from Alamo Resources II, LLC. The company has agreed to pay US$3.0 million to acquire a 60% WI
Gastar Exploration signs agreement to sell certain Appalachian Basin assetsFeb 23, 2016Gastar Exploration Inc. has entered into a definitive purchase and sale agreement to sell certain Appalachian Basin assets primarily located in Marshall and Wetzel Counties, West Virginia.
Empyrean Energy completes sale of Sugarloaf AMI projectFeb 23, 2016Empyrean Energy Plc has reached financial close on 19 February 2016, Houston time, of the purchase and sale agreement with Carrier Energy Partners II, LLC, a Delaware corporation, to dispose
Vantage signed agreement for Tungsten ExplorerFeb 22, 2016Vantage Drilling International has signed an agreement for a two-year extension of the Tungsten Explorer contract. The contract is now anticipated to keep
ExxonMobil declares 2015 Reserves AdditionFeb 22, 2016Exxon Mobil Corporation has added 1 billion oil-equivalent barrels of proved oil and gas reserves in 2015, replacing 67 percent of production, including
Wentworth Resources makes Directorate changeFeb 18, 2016Wentworth declares the resignation of Non-Executive Director, Richard Schmitt, with immediate effect, in order to allow Mr. Schmitt to pursue his other business opportunities.
Emerald Bay receives an additional four well drill commitmentFeb 18, 2016Emerald Bay Energy Inc. has received an additional four-well drilling commitment through its partnership with Alliance Petroleum Interests, bringing the total number of new wells in development
Gulf Stream Marine expands into LouisianaFeb 18, 2016Gulf Stream Marine has declared its expansion into Louisiana. Gulf Stream Marine expects to begin operations in Lake Charles immediately.
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