KCA Deutag sells Ben Loyal Jack-Up drilling unitDec 22, 2015KCA Deutag has sold its jack-up drilling unit, the Ben Loyal to Egyptian headquartered Advanced Energy Systems A.D.E.S. SAE for an undisclosed sum.
Transocean Ltd. announces SIX Swiss Exchange approves delistingDec 21, 2015Transocean Ltd. Says that the SIX Swiss Exchange (SIX) approved the company's application to delist its shares. The SIX delisting is effective March 31, 2016, with the last trading day
Cameron stockholders vote to adopt merger agreement with SchlumbergerDec 21, 2015Cameron says that its stockholders, at a special meeting, have overwhelmingly voted to adopt the previously announced merger agreement providing for the acquisition of Cameron
Halcón Resources announces expiration and final results of debt exchange offerDec 21, 2015Halcón Resources Corporation announced the expiration and final results of its previously announced exchange offer to certain eligible holders of its outstanding unsecured debt securities
Hutton Energy awarded five licenses in UK onshore licensing roundDec 18, 2015Hutton Energy Ltd ('Hutton') has been offered two licenses in the final tranche of the UK 14th Onshore Licensing Round which brings the total number of new licenses to five.
Union Jack Oil acquire interest in Block TF38cDec 18, 2015Union Jack Oil plc says that Egdon Resources plc ('Egdon') will transfer a 10% interest in Block TF38c to the Company following the announcement of the results of the UK 14th
Bonterra Energy Corp. declares 2016 capital budgetDec 18, 2015Bonterra Energy Corp. announces its 2016 capital budget, an operations update, and an adjustment to its dividend level to $0.10 per share commencing with the December 2015
Providence is growing a unique portfolio of assets in the Irish offshoreDec 18, 2015Providence Resources provides a trading update on activities for 2015. Tony O'Reilly, Chief Executive of Providence said,'Despite the
Magnum Hunter Resources files voluntary Chapter 11Dec 17, 2015Magnum Hunter Resources Corporation and certain of its wholly-owned subsidiaries have filed voluntary petitions for relief under chapter 11 of the United States Bankruptcy Code
Statkraft AS reduced investment planDec 17, 2015Statkraft AS has adjusted its investment plan to the new financial terms. The most material change is that Statkraft no longer will invest in new offshore wind projects.
Sound Energy complete Tendrara farm inDec 17, 2015Sound Energy says that the Company's farm in agreement with the Moroccan Oil and Gas Investment Fund (the 'Farm In') in relation to the Tendrara Lakbir Licence, onshore
Supreme Court of Gibraltar awards Chevron $28 millionDec 17, 2015The Supreme Court of Gibraltar has issued a judgment against Amazonia Recovery Ltd., a Gibraltar-based company set up to receive and distribute funds resulting from a fraudulent
Dolphin Geophysical Ltd is open for business as usualDec 17, 2015The UK processing and multi-client operations of Dolphin Geophysical Ltd continue to operate as normal, despite the Norwegian entities of Dolphin Group ASA together with its subsidiary
MX Oil wins concessions in Mexican onshore bid roundDec 17, 2015MX Oil, together with its partner Geo Estratos, is pleased to announce the joint venture has been successful in its bid for Land Contract Areas in the third phase of the Bid Round 1 Licensin
MX Oil submit tenders for five blocks in MexicoDec 16, 2015MX Oil plc, together with its partner Geo Estratos, will submit tenders for five Land Contract Areas in the third phase of the Bid Round 1 Licensing for onshore conventional
Gateway Norway and Marstrat combine forcesDec 16, 2015Scandinavian maritime company Gateway Norway and Rotterdam based Marstrat BV have entered into a strategic partnership. Both private companies are specialist in their respective territories.
DONG Energy signs new credit facilitiesDec 16, 2015DONG Energy A/S has signed a EUR 1.4bn 5-year syndicated revolving credit facility and a EUR 350m 3-year syndicated revolving credit facility. Both facilities include two
Cash Strapped Petrobras Attempts to Sell Pre-Salt AreasDec 16, 2015“Our strong operational result was consumed by a decline in the exchange rate,” Petrobras Chief Financial Officer Ivan Monteiro told reporters in Rio de Janeiro. Petrobras posted a loss of USD1.01 billion in the third quarter....
By Peter Howard Wertheim & Dayse Abrantes
Bankers Petroleum announces 2016 capital budget and work programDec 16, 2015Bankers Petroleum Ltd. announces its 2016 capital program of US$65 million (all amounts referenced below are in US dollars unless otherwise noted). The capital program will be
Seatronics collaborates with robotic systems manufacturer, InuktunDec 16, 2015Seatronics, an Acteon company, has formed a collaboration with Canadian-based manufacturer, Inuktun Services Ltd. Inuktun has extensive expertise in remote controlled
Mart Resources and Delta Oil terminate arrangement agreementDec 15, 2015Mart Resources, Inc. says that, due to prevailing market and industry conditions, Mart and Delta Oil Nigeria B.V. (Delta) have mutually agreed to terminate the arrangement agreement
Encana focuses 2016 capital program on core four assetsDec 15, 2015Encana released a highly disciplined 2016 capital program which directs 95 percent of its total $1.5 billion to $1.7 billion planned investment to its core four assets.
Trinidad Drilling declares 2016 capital programDec 15, 2015Trinidad Drilling Ltd. expects to spend approximately $30 million in capital expenditures in 2016, with an additional $15 million available to be spent on select upgrades, depending
Shell-BG combination receives Chinese antitrust clearanceDec 15, 2015Royal Dutch Shell plc says that its recommended combination with BG Group plc ('BG') has received unconditional merger clearance from the Chinese Ministry of Commerce ('MOFCOM'). Following previously announced approvals in Brazil, the EU and Australia, MOFCOM clearance marks the final pre-conditional approval required for the combination.
