Kea Petroleum fails to raise £3 million funding to develop Shannon prospect
May 27, 2015
Kea Petroleum has not secured bids totalling £3m at a minimum price of 1 pence per share that it sought to develop the Shannon prospect.

Chevron to release documents in lawsuit over Nigerian oil leases
May 27, 2015
Chevron USA and BNP Paribas agreed recently in District Court in Texas to turn over documents and correspondence between the two

Erin Energy agrees offtake and prepayment agreement with Glencore
May 27, 2015
Erin Energy Corporation has agreed to heads of terms on a commercial agreement with an embedded prepayment element with Glencore Energy

Highlands Natural acquires 75% interest in Diversion Technologies' patents portfolio
May 27, 2015
Highlands Natural Resources, the London listed oil and gas company, says that the agreement in respect to its all share acquisition of a 75% interest

Questerre enters into MOU for oil shale acreage in Jordan
May 26, 2015
Questerre Energy Corporation has entered into a memorandum of understanding ('MOU') with the Ministry of Energy and Mineral Resources of the Hashemite

NSW Government decides not to appeal Supreme Court decision
May 26, 2015
Metgasco Limited advises that the NSW Government will not appeal the Supreme Court’s 24 April decision that overturned the suspension of Metgasco’s drilling approval.

Cooper Energy acquires a 50 percent interest in the Sole gas field
May 26, 2015
Cooper Energy Limited says that the acquisition of a 50 percent interest in the Sole gas field in the Gippsland Basin and Orbost Gas Plant announced

OTEAC makes £10.25 million acquisition of HVAC&R
May 26, 2015
Oteac has acquired critical heating, ventilation and air conditioning company HVAC&R Limited (HVAC&R), in a deal worth £10.25 million with funding

Pacific Energy signs acquisition agreement with Dome Energy
May 25, 2015
PEDEVCO Corp. d/b/a Pacific Energy Development confirms the announcement issued by Dome Energy AB announcing the companies entered into an

Synergy to acquire remaining WI in Wattenberg Greenhorn prospect
May 25, 2015
Synergy Resources Corporation has agreed to purchase the remaining 35% working interest in the DJ Basin Greenhorn (AMI) owned by its non-operating partner,

Vanguard Natural Resources to acquire Eagle Rock Energy Partners
May 25, 2015
Vanguard Natural Resources, LLC and Eagle Rock Energy Partners, L.P. have entered into an Agreement and Plan of Merger pursuant to which a subsidiary

Junex proposes private placement of up to $22,000,000
May 25, 2015
Junex Inc. is pleased to announce a proposed private placement in the total aggregate amount of up to $22,000,000, including $10,000,000 that has been

Range Resources increase interest in Guayaguayare block
May 22, 2015
Range has signed an amendment agreement in respect of its interest in the Guayaguayare Block in Trinidad. As a result of the amended agreement, Range

Core Bakken assets remain economical despite low oil prices, says GlobalData Analyst
May 22, 2015
While the 12 counties with Bakken production between North Dakota and Montana have lost the majority of their horizontal rigs over the last eight months,

New Zealand Energy relinquishes East Coast permit
May 22, 2015
New Zealand Energy Corp. has relinquished PEP52976 (East Cape) in the East Coast Basin of New Zealand’s North Island.

Petrobras signs a US$5 billion funding agreement with China Development Bank
May 22, 2015
On May 19, Petrobras signed a cooperation agreement with the China Development Bank (CDB) for the years 2015 and 2016.

NuEnergy signs conditional SPA with Dart Energy
May 22, 2015
NuEnergy Gas Ltd. has signed the conditional Share Purchase Agreement (SPA) with Dart Energy International Ltd. (Dart) on May 20 to acquire

MEO Australia farm out 30% of WA-488-P
May 22, 2015
MEO Australia Limited is pleased to advise the execution of final documentation to farmout of a 30% participating interest in the WA-488-P exploration permit

Transocean to pay $211m to settle claims from Deepwater Horizon oil spill
May 22, 2015
The Plaintiffs' Steering Committee (PSC) spearheading the litigation emanating from the 2010 Deepwater Horizon Oil Spill today announced that it has reached a preliminary agreement with Transocean for $211,750,000 to settle claims against the company arising from the spill. The settlement, which will be overseen by Judge Carl A. Barbier of the Eastern District of Louisiana, includes two classes of eligible claimants similar to the settlement negotiated between the PSC and Halliburton last year.

Marksmen plans to complete proposed private placement
May 21, 2015
Marksmen Energy Inc. plans to complete a non-brokered private placement of up to 4,333,333 units (the "Units") of Marksmen at a price of $0.15 per Unit

Caspian Energy closes its acquisition of the remainder of Aral Petroleum
May 21, 2015
Caspian Energy Inc. has completed its previously announced acquisition of all of the remaining interests in Aral Petroleum Capital LLP (Aral), the operating

Low crude oil prices, increased gasoline demand lead to high refiner margins
May 21, 2015
Gasoline crack spreads in the United States, especially on the U.S. East Coast, have reached several-year highs in recent months. Crack spreads, which reflect

Transocean reaches settlement agreements with PSC and BP
May 21, 2015
Transocean Ltd. has reached two separate settlement agreements, with the Plaintiffs' Steering Committee (the "PSC") and with BP Exploration & Production Inc.

Welsh Government invests 13 million euros of EU funds in Minesto
May 20, 2015
Marine energy company Minesto has been awarded a 13 million Euros investment from the European Regional Development Fund through the Welsh Government.