LUKOIL obtains long-term financing for Shah Deniz Stage 2 project in AzerbaijanAug 10, 2015Under the second stage of the Production Sharing Agreement of the Shah Deniz Project in Azerbaijan, LUKOIL Overseas Shah Deniz Ltd. (a fully-owned PJSC LUKOIL subsidiary) has signed in Baku a 12 year credit-facility agreement with a consortium of banks to borrow USD 1 billion.
ExxonMobil signs agreements to increase position in the Permian BasinAug 7, 2015Exxon Mobil Corporation has executed two agreements to obtain horizontal development rights in 48,000 acres in the core of the Midland Basin.
Hannon Westwood acquires Novas Oil & Gas ConsultingAug 7, 2015Exploration research & analytics firm Hannon Westwood has completed the acquisition of Novas Consulting Limited for an undisclosed sum.
Cardinal Resources to install Its Patented Red Bird System and Solar Wastewater TreatmentAug 7, 2015Cardinal Resources Inc. has started work on a long term contract for a mining company in Arizona that will include the installation of its patented
Sound Oil signs a gas sales agreement with Shell Energy ItaliaAug 7, 2015Sound Oil has signed a gas sales agreement for the Casa Tonetto production concession, which includes the Nervesa gas field, with Shell Energy Italia,
Apache Corporation provides second-quarter operational resultsAug 7, 2015Apache Corporation announced a second-quarter 2015 net loss of $5.6 billion, or $14.83 per diluted common share, which includes an after-tax
Surge Energy continues drilling successAug 7, 2015Surge Energy Inc. announces its operating and financial results for the quarter ended June 30, 2015, continued drilling success on its Upper
Aqualis Offshore signs liftboat dealAug 7, 2015Aqualis Offshore, part of Aqualis ASA, has been contracted by Mekers Offshore Ltd to supervise the construction of the Zhejiang-based company's
CGG GeoSoftware donates Geophysical Software to IIT BhubaneswarAug 7, 2015CGG GeoSoftware has donated its Hampson-Russell and Jason geophysical software suites, covering all aspects of reservoir characterization
PG&E appoints Robert Kenney as CPUC Regulatory Relations Vice PresidentAug 7, 2015Pacific Gas and Electric Company (PG&E) has appointed Robert Kenney as vice president, CPUC Regulatory Relations, and his election by the
Marathon Oil reports second quarter 2015 resultsAug 7, 2015Marathon Oil Corporation reported a second quarter 2015 adjusted net loss of $155 million, or $0.23 per diluted share, excluding the impact
SeaBird Exploration to sack Munin ExplorerAug 7, 2015SeaBird Exploration has made a decision to stack Munin Explorer following its completion of the long-term time charter contract with
Oil & Gas UK and the Oil and Gas Authority launch new award for ‘pioneers’Aug 7, 2015Oil & Gas UK launches a new category for the sector’s ninth annual awards evening. The Oil & Gas UK Awards 2015, sponsored by Shell U.K. Limited,
Alliance Pipeline to shutdown mainline pipeline systemAug 7, 2015Alliance Pipeline advises that an amount of hydrogen sulfide (H2S) entered into its mainline pipeline system as a result of complications experienced
Grand Rapids contributes portion of diluent pipeline to Keyera Joint VentureAug 7, 2015TransCanada Corporation says that the Grand Rapids Pipeline Limited Partnership (Grand Rapids) has entered into an agreement to contribute
RH Petrogas provides update on drilling at Fuyu 1 blockAug 7, 2015Singapore-listed oil and gas exploration and production firm RH Petrogas Limited, provided an update on drilling at the Fuyu 1 production sharing
Lime Petroleum acquires 50 per cent share of PL760/PL760B in the Norwegian SeaAug 7, 2015Lime Petroleum Norway AS (Lime Norway) has entered into an agreement with EnQuest Norge AS (EnQuest) to acquire their 50 per cent share
Carrizo Oil & Gas raises crude oil production growth target to 19%Aug 7, 2015Carrizo Oil & Gas, Inc. announced the Company's financial results for the second quarter of 2015 and provided an operational update, which
Otto Energy acquires Borealis PetroleumAug 7, 2015This drilling program is targeting existing proven geological play types, which if successful have the potential to yield significant recoverable resources.
SandRidge Energy appoints new Chief Financial OfficerAug 7, 2015SandRidge Energy, Inc. has appointed Julian Bott as Executive Vice President and Chief Financial Officer of the company. Mr. Bott, who most recently
Comet Ridge restarts production at Mahalo 6 wellAug 7, 2015Comet Ridge Limited wishes to provide an operational update on the progress of the Mahalo 7 horizontal surface to in-seam well project.
Cimarron Energy releases Its New ARC® burner management systemAug 7, 2015Cimarron Energy is releasing its new ARC® burner management system. The ARC® is a substantial upgrade over existing industry burner management systems,
Azure Midstream declares $83 million Drop Down transactionAug 7, 2015Azure Midstream Energy, LLC announced the contribution of the equity interests of Azure ETG, LLC ETG or the drop down).
Russia is world's largest producer of crude oil and lease condensateAug 7, 2015Russia is the world's largest producer of crude oil (including lease condensate) and the second-largest producer of dry natural gas, after the United States. Hydrocarbons play a large role in the Russian economy, as revenue from oil and natural gas production and exports accounts for more than half of Russia's federal budget revenue. However, recent international sanctions on Russia, coupled with low oil prices, have put pressure on the Russian economy
