Cardinal Energy and Virginia Hills to acquire interests of Pinecrest EnergyFeb 18, 2015Cardinal Energy Ltd. will acquire all of the issued and outstanding common shares of Pinecrest Energy Inc. after Pinecrest transfers certain
Bahamas Petroleum provides commercial and regulatory updateFeb 18, 2015Bahamas Petroleum Company provides the following market update. New Bahamian Petroleum Act legislative package introduced to the Bahamian Parliament's
Otto Energy completes sale of Galoc Production Company to NidoFeb 18, 2015Otto Energy Ltd. has completed the sale of Galoc Production Company W.L.L. (GPC) to Nido Petroleum Ltd (Nido) has completed.
Red Emperor Resources provides company updateFeb 18, 2015The Board of Red Emperor Resources NL is pleased to provide the following update to the market. Further to the Company's recent quarterly report dated 29 January 2015,
Sterling signs agreement for complete control of Cameroon concessionFeb 18, 2015Sterling Energy says that its wholly owned subsidiary, Sterling Cameroon Limited, has signed an agreement with Murphy Cameroon Ntem Oil Co.,
Lloyd’s Register Energy forms a strategic alliance with MaxGripFeb 18, 2015Lloyd’s Register Energy is forming a strategic alliance with MaxGrip. The alliance sees the development of a new risk-based inspection (RBI) software module called
Magnum Hunter announces 2015 upstream capital expenditure budgetFeb 18, 2015Magnum Hunter Resources Corporation says that its Board of Directors has approved a $100 million upstream capital expenditure budget
Kea Petroleum to launch review of its strategic optionsFeb 18, 2015Kea Petroleum is launching a review of the strategic options open to the Company with the intention of considering all opportunities for
EMGS to appeal Norwegian court's ruling on patent invalidityFeb 17, 2015As previously announced, Electromagnetic Geoservices ASA (EMGS) has issued claims against Petroleum Geo-Services (PGS) in the
EFC Group ahead of schedule for ambitious 2016 financial targetFeb 17, 2015EFC Group has announced it is one year ahead of schedule for reaching its 2016 turnover target of £30million.The Aberdeen-based company has reported 12 month sales
JKX launches arbitration proceedings against Ukrainian GovernmentFeb 17, 2015JKX Oil & Gas plc and its wholly owned Ukrainian and Dutch subsidiaries (JKX) have commenced arbitration proceedings against Ukraine
Target Energy files lawsuit against Victory Energy and Aurora EnergyFeb 17, 2015US focused oil and gas producer Target Energy Limited says that Target subsidiary TELA Garwood LP has filed a lawsuit in the District
INPEX awarded oil and gas exploration permit in Northern TerritoryFeb 17, 2015INPEX has been awarded an onshore oil and gas exploration permit in Australia’s Northern Territory (NT). The acreage, EPNT14-1, is situated in the highly prospective
Principal Financial Backer of Fraudulent Ecuador Litigation withdraws support, settles with ChevronFeb 17, 2015Chevron Corporation has reached a settlement agreement with James Russell DeLeon, the principal funder of the fraudulent lawsuit against
Moore Stephens says shipping services providers should explore private equity fundingFeb 17, 2015International accountant and shipping adviser Moore Stephens says the time is right for shipping to seek financial backing from the private
£5m investment boosts growth plans at Paradigm Drilling ServicesFeb 17, 2015Paradigm Drilling Services has secured a £5m injection from new investment partners – and the prospect of additional finance to fund acquisitions.
Statkraft to become majority owner of Brazilian company DesenvixFeb 16, 2015Statkraft, through its Brazilian subsidiary (Statkraft), has today agreed with Jackson Empreendimentos S.A. (Jackson) to acquire all
Cardinal Energy set to withstand low oil prices with secondary recovery methodsFeb 16, 2015Cardinal Energy Group, Inc. sets its business strategy for 2015. Secondary recovery methods and developmental or in-field drilling
Marksmen completes first closing of private placementFeb 16, 2015Marksmen Energy Inc. has completed the first closing of its previously announced non-brokered private placement for 3,868,000 units
Eagle Energy Trust updates guidance for 2015Feb 16, 2015Eagle Energy Trust announces updated guidance for 2015: A 16% reduction in its 2015 capital budget for United States operations to $US 9.9 million
Afren terminates discussions with SEPLATFeb 16, 2015On 22 December 2014, Afren plc had received a highly preliminary approach from SEPLAT Petroleum Development Company plc
Sirius Petroleum gains extension on fundingFeb 13, 2015Sirius Petroleum updates its shareholders on progress towards completion of the £9.6 million Convertible Loan with Nima International Ltd.,
Santos to accept a $1.6 billion impairment of assetsFeb 13, 2015Santos expects to recognise a non-cash impairment charge of approximately $1.6 billion after tax in its 2014 full-year accounts.
Cue Energy rejects NZOG's unconditional takeover offerFeb 13, 2015New Zealand Oil & Gas Ltd. (NZOG) says its wholly-owned subsidiary NZOG Offshore, is making an unconditional takeover offer for
