IHS intents to acquire Oil Price Information Service (OPIS) for $650 millionJan 12, 2016IHS Inc. has signed a definitive agreement to acquire Oil Price Information Service (OPIS), an internationally referenced pricing reporting agency that serves the oil, natural gas and biofuels
Africa Oil obtains Kenyan government approval of Maersk Oil farm inJan 12, 2016Africa Oil Corp. has received approval from the Government of Kenya for the previously announced farmout with Maersk Olie og Gas A/S. Accordingly, completion of the farmout of
Royal Energy Resources to acquire interests in Rhino Resource PartnersJan 12, 2016Royal Energy Resources, Inc. has entered into a binding term sheet agreement with Rhino Resource Partners LP and Wexford Capital LP , whereby Royal will acquire 6,769,112 issued
Suncor Energy extends offer for Canadian Oil Sands to January 27Jan 11, 2016Suncor Energy has extended its offer to Canadian Oil Sands Limited (COS) shareholders to 6:00 p.m. MT (8:00 p.m. ET) on Wednesday, January 27, 2016.
Condor Petroleum to acquire Marsa EnergyJan 11, 2016Condor Petroleum Inc. has entered into an agreement that provides for the acquisition of Marsa by Condor, to create a well-capitalized company with significant exploration
Fifth Ring forms Norwegian allianceJan 11, 2016Global energy marketing communications company Fifth Ring has entered into a strategic alliance with Norwegian corporate communications agency Iteo, in a move that will see both
JKX Oil & Gas comments on revised rate of gas production tax in UkraineJan 8, 2016The Ukraine Government has passed legislation to reduce the gas production tax in Ukraine from 55 per cent. to 29 per cent. with effect from 1 January 2016.
TransCanada commences legal actions following Keystone XL denialJan 8, 2016TransCanada Corporation has filed a Notice of Intent to initiate a claim under Chapter 11 of the North American Free Trade Agreement (NAFTA) in response to the U.S. Administration's
Cub Energy to exercise first refusal to purchase remaining 70% interest in KUBGAS HoldingsJan 8, 2016Cub Energy Inc. says that its wholly-owned subsidiary, Gastek LLC, has exercised its right of first refusal to acquire from Serinus Energy Inc. the remaining 70% of KUBGAS Holdings
Emerald Bay Energy partners with Alliance Petroleum InterestsJan 8, 2016Emerald Bay Energy Inc. has made partnership with Alliance Petroleum Interests on a new well development program in South Texas. Alliance is a privately owned and operated oil and gas company
Frontier Resources gets renewed exploration licence for Block 34, ZambiaJan 8, 2016A four year exploration licence was granted on 25 March 2011 to Frontier over Block 34 located in the Kafue Trough in southwestern Zambia, which covers an area of approximately
Crescent Point Energy declares 2016 capital expenditures planJan 8, 2016Crescent Point Energy Corp. has declared its capital expenditures plans for 2016. Crescent Point expects to spend between $950 million and $1.3 billion to target an
MX Oil update on awarded Mexican onshore concessionsJan 8, 2016MX Oil gives details on the four Land Contract Areas it was awarded, alongside its local partner Geo Estratos, during the third phase of the Bid Round 1 Licensing Round for onshore
TGS issues guidlinees for 2016Jan 8, 2016Based on a preliminary review of sales and investments, TGS provides the following update on Q4 2015: The weak market conditions are expected to continue in 2016.
Maersk Training and eDrilling team up to enhance drilling operations and reduce costsJan 7, 2016With the oil and gas industry looking to save cost, improve safety, and increase efficiency of operations, Maersk Training and eDrilling formed a partnership aimed at assisting
Vermillion Energy declares 2016 budgetJan 7, 2016Vermilion Energy Inc. discloses that its Board of Directors has approved an exploration and development capital budget for 2016 of $285 million.
Jericho Oil completes $6.929 million financingJan 7, 2016Jericho Oil Corporation has closed its non-brokered private placement of 17,323,610 units at $0.40 per Unit for gross proceeds of $6.929 million.
Perisson Petroleum initiates strategic financingJan 7, 2016Perisson Petroleum Corporation says that after several months of discussions and due diligence, it has entered into a long term relationship with a new strategic investor group.
Aker Solutions and Lloyd’s Register sign framework agreementJan 7, 2016With this new global framework agreement in place, Norwegian oil services company Aker Solutions can further improve efficiency and uphold their position as forerunner in advanced technologies for the offshore oil and gas industry. Commenting on the achievement, Lead Group Category Manager, Gaute Fardal from Aker Solutions, said: “We are pleased to have Lloyd’s Register on board as a new Group Frame Agreement supplier to Aker Solutions. Our expectations to the agreement are highly competitive priced services and further enhanced efficiency in our processes and product solutions.”
Cape forms JV with OLIO Resources to serve the Malaysian marketJan 7, 2016Cape plc has formed a Joint Venture company with OLIO Resources Sdn Bhd, to bring together the capacity, experience and skills of both organisations in order to serve the
Samson Oil & Gas to acquire Williston Basin propertiesJan 7, 2016Samson Oil and Gas USA Inc has entered into a contract to acquire a parcel of oil and gas leases, producing oil and gas wells, currently shut-in wells and associated facilities
RH Petrogas assumes operatorship of the Basin PSC in IndonesiaJan 6, 2016RH Petrogas Limited says that its wholly owned subsidiary Petrogas (Basin) Ltd. (PBL) has assumed the rights to operate the Kepala Burung Production Sharing Contract
Azinor Catalyst to acquire 100% working interest in UKCS Licence P.1989Jan 6, 2016Azinor Catalyst has signed an agreement to acquire a 100% working interest in UKCS Licence P.1989, containing Blocks 14/11, 14/12 & 14/16, from Norwegian Energy
Crew Energy approves 2016 capital expenditure programJan 6, 2016Crew Energy Inc. has approved a 2016 capital expenditure program of $74 million structured to preserve balance sheet strength, optimize production throughput to enhance
