Ocean Signal is acquired by ACR Electronics
May 4, 2015
Ocean Signal Ltd has been acquired by Drew Marine Ltd. The business will operate as a unit of ACR Electronics, Inc. (ACR). Combining two of the most highly experienced electronic

Baron Oil agrees convertible loan facility with InfraStrata
May 4, 2015
Baron Oil plc has signed a Convertible Loan Agreement with InfraStrata plc with respect to the Islandmagee gas storage project in Northern Ireland.

Bayport International acquires the two-well Cook lease, Oklahoma
May 4, 2015
Bayport International Holdings, Inc. has signed a Letter of Intent to acquire the two well, 160 acre, Cook lease in Okfuskee County, Oklahoma

Chariot Oil gets license extension of Block C-19, offshore Mauritania
May 4, 2015
Chariot Oil & Gas Limited provides an update on the C-19 block offshore Mauritania. One year extension granted within the first exploration phase

Red Sky Energy provides Cache Oilfield acquisition update
May 4, 2015
Red Sky Energy Limited is undertaking in association with its purchase of a 50% interest in the US based Cache Oilfield, Colorado. The acquisition of Cache is

Brazil Government announces 13th petroleum auction
May 4, 2015
Brazil Mines and Energy Minister Eduardo Braga announced that Brazil will seek to raise as much as USD850 million with its 13th-round auction of oil and natural gas exploration rights in October. The auction will be under the concession regime, which is much more attractive to investors than the production sharing regime used in pre-salt where Petrobras is always operator by law and has a mandatory 30% stake of all blocks that are being explored, said government sources told the local press.
By Peter Howard Wertheim & Dayse Abrantes

Mosman Oil and Gas announces variations to MEO takeover bid
May 4, 2015
The Directors of Mosman Oil and Gas Limited says that the Company has resolved to lodge a Notice of Variation in respect of the takeover

United Hunter announces the impairment of its interest in Alamo Creek, LLC
May 4, 2015
United Hunter Oil & Gas Corp. has impaired the Corporations 25% interest holding in Alamo Creek, LLC. Alamo Creek holds a 100% interest in an oil and natural gas

Lundin Petroleum secures NOK 4.5 billion financing
May 1, 2015
Lundin Petroleum says that its subsidiary Lundin Norway AS (Lundin Norway) has secured a NOK 4.5 billion Exploration Refund Facility (ERF) from

Statoil completes sale of 15.5% share in Shah Deniz to PETRONAS
May 1, 2015
On Thursday 30 April 2015, Statoil and the Malaysian oil and gas company PETRONAS completed their transaction, announced previously on 13 October 2014.

Synergy closes acquisition of leasehold within the DJ Basin Greenhorn AMI
May 1, 2015
Synergy Resources Corporation has closed on the Amendment dated February 12, 2015 to its Exploration Agreement with Vecta Oil & Gas, Ltd.

Saipem receives notice of legal proceedings before the Court of Milan
May 1, 2015
Saipem has received notice of legal proceedings before the Court of Milan by 64 investors claiming compensation for damages of approximately

Statoil ASA declares 2015 first quarter results
May 1, 2015
Despite challenging oil and gas prices in the quarter, Statoil delivered Adjusted earnings of NOK 22.9 billion and NOK 7.0 billion after tax. Statoil reports

MSIS invests over £1m in North-east facility
May 1, 2015
MSIS is on-track to rapidly grow its share of the global oil and gas environmental services market. The company, which provides specialist cleaning

Aker Solutions announces first quarter 2015 results
Apr 30, 2015
Aker Solutions' revenue rose 14 percent to NOK 8.5 billion in the first quarter of 2015 from a year earlier, boosted by progress on major projects

Range Resources terminates Georgian project contract
Apr 30, 2015
Range provides the market with the following update in respect of its interest in the Georgian project. The Ministry of Energy of Georgia has formally notified the Operator of the

Solo Oil acquires shares in Burj Africa
Apr 30, 2015
Solo has exchanged its shareholding in Pan Minerals Oil and Gas AG for a direct holding of 15.9% in Burj Petroleum Africa Limited, a private UK

Otto Marine repays debt, winding up application to be withdrawn
Apr 29, 2015
Singapore-listed Otto Marine Limited has filed a winding up application with the Singapore High Court to wind up the Company for an unpaid debt (Debt).

CNOOC Limited announces pricing of guaranteed notes offering
Apr 29, 2015
CNOOC Limited announced on April 28, 2015 (New York time) the pricing of an offering of US$3,800,000,000 aggregate principal amount of guaranteed notes.

Ophir Energy completes acquisition of four deepwater PSCs
Apr 29, 2015
Ophir Energy has completed the acquisition of four deepwater Production Sharing Contracts in Indonesia from Niko Resources. This follows the

BMT delivers strong performance for 2014
Apr 29, 2015
BMT Group Ltd has announced a strong performance for the year to 30 September 2014. BMT secured revenues of £165.1m, with underlying operating

Aberdeen Harbour Buoyant as 2014 delivers continued growth
Apr 28, 2015
Aberdeen Harbour has recorded a total gross vessel tonnage figure in excess of 28 million tonnes for the third year in succession and an increase in vessel arrival numbers.

TORC Oil to acquire light oil assets in Southeast Saskatchewan
Apr 28, 2015
TORC Oil & Gas Ltd. has entered into an agreement to acquire high quality, light oil assets which are complementary to TORC's existing assets

Target Energy undertakes entitlement issue
Apr 28, 2015
US-focused oil and gas producer Target Energy Limited is undertaking a renounceable pro-rata entitlement issue to raise up to approximately A$5m.