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Financial
Statoil ASA: 2015 fourth quarter resultsFeb 5, 2016Statoil delivered adjusted earnings of NOK 15.2 billion and adjusted earnings after tax of NOK 1.6 billion in the fourth quarter 2015. For the full year 2015, adjusted earnings were
Vertex Energy sells Nevada facility for $35 millionFeb 5, 2016Vertex Energy, Inc. has sold its Nevada re-refinery facility, which is located in Churchill County, to Clean Harbors, Inc. for $35 million, of which approximately $14 million was immediately
MX Oil gives details on four Mexican onshore concessionsFeb 5, 2016MX Oil gives details in respect of 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
Agreement on the sale of transmission assets at Westermost RoughFeb 5, 2016Westermost Rough Ltd (WMR), a wholly owned subsidiary of DONG Energy A/S (50%), the UK Green Investment Bank plc (25%) and Marubeni Corporation (25%) has signed
Africa Oil completes Kenyan farmout deal with Maersk OilFeb 5, 2016Africa Oil Corp. has completed the previously announced farmout with Maersk Olie og Gas A/S (Maersk) related to Kenyan Blocks 10BB, 13T and 10BA.
Saipem Contracting Algérie: court orders fine of €34,000Feb 4, 2016The Court of Algiers has passed sentence in the first instance of the “Sonatrach 1” trial involving Saipem Contracting Algérie, a Saipem Group company registered in Algeria,
Enerplus concludes sale of Canadian natural gas propertiesFeb 4, 2016Enerplus Corporation has completed one of the divestments announced January 11, 2016 of certain Canadian natural gas properties for cash proceeds of approximately $183 million,
AltaGas to sell non-core gas assetsFeb 4, 2016AltaGas Ltd. says that its wholly owned subsidiaries, AltaGas Processing Partnership and AltaGas Holdings Inc., have entered into an agreement with Tidewater Midstream and Infrastructure
Rockhopper says Ombrina Mare concession will not be awardedFeb 4, 2016Rockhopper Exploration has been informed by the Ministry of Economic Development that, following the re-introduction of the ban on exploration and production activity within 12 nautical miles
Touchstone closes sale of Kerrobert SaskatchewanFeb 4, 2016Touchstone Exploration Inc. has closed the sale of its Kerrobert facility, infrastructure and associated mineral rights. The disposition had an effective date of December 31, 2015.
Tourmaline Oil Corp. acquires Alberta Deep BasinFeb 4, 2016Tourmaline Oil Corp. has acquired assets for approximately $183 million CDN in the Minehead-Edson-Ansell area of the Alberta Deep Basin, immediately adjacent to one of
Lundin Petroleum secures reserve-based bank financingFeb 3, 2016Lundin Petroleum has entered into a committed seven year senior secured revolving credit facility of up to USD 5.0 billion, with an initial committed amount of USD 4.3 billion.
Percussion Petroleum forms partnership with Carnelian Energy CapitalFeb 3, 2016Percussion Petroleum, LLC has closed an equity commitment from Carnelian Energy Capital Management, L.P. through Carnelian's fund, Carnelian Energy Capital, L.P.
MX Oil to sell stake in Aje Field, offshore Nigeria, for US$18 millionFeb 3, 2016MX Oil has received a proposal last month for its Nigerian investment in the proven Aje Field offshore Nigeria.The Directors believe a sale of its Nigerian investment
Petromanas Energy to sell Albanian assets to ShellFeb 3, 2016Petromanas Energy Inc. has entered into a Sale and Purchase Agreement with Shell Upstream Albania B.V., a wholly-owned subsidiary of Royal Dutch Shell plc, pursuant to which
Mosman cancels agreement for acquisition of South Taranaki Energy projectFeb 2, 2016Mosman Oil and Gas Limited declares an update on the proposed acquisition of the South Taranaki Energy Project in New Zealand from Origin Energy Limited and on operations at Murchison.
Shell to sell its shareholding in the Shell Refining Company in MalaysiaFeb 2, 2016Shell has reached a conditional agreement with Malaysian Hengyuan International Limited (MHIL) for the sale of its 51% shareholding in the Shell Refining Company (SRC)
Premier Oil updates on acquisition of E.ON's UK North Sea assetsFeb 2, 2016On 13 January 2016, Premier had agreed to acquire the whole of E.ON's UK North Sea assets for a net consideration of $120 million plus completion adjustments. The proposed acquisition, which will be funded from
Cub Energy to increase ownership interest in KUBGAS up to 40%Feb 2, 2016Cub Energy Inc. says that pursuant to a letter agreement between the Company's wholly-owned subsidiary, Gastek LLC (Gastek), and Resano Trading Ltd (Resano), Gastek has revoked its notice to
Americas Petrogas acquires additional 30% interest in Bayovar ConcessionFeb 2, 2016Americas Petrogas Inc., through its Peruvian subsidiary, has acquired an additional 30% beneficial interest in the Bayovar mineral concessions 5, 6, 7 and 8 (the "Bayovar Concessions")
Statoil to explore offshore UruguayFeb 2, 2016Statoil Uruguay B.V. (Statoil) has agreed with Total E&P Uruguay B.V. (Total) to acquire 15% working interest in offshore exploration block 14 in Uruguay. This represents a new impact opportunity for Statoil and a new country entry. Block 14 is located in the Pelotas basin of the South Atlantic Ocean, approximately 200 kilometres off the coast of Uruguay. It covers an area of 6,690 square kilometres in water depths of 1,850 to 3,500 metres.
Sterling Energy withdraws from Block C-3, MauritaniaFeb 1, 2016Sterling Energy says that its wholly owned subsidiary Sterling Energy Mauritania Limited has submitted a notice of withdrawal to its joint venture partners in relation to Block C-3, offshore Mauritania.
Lundin Petroleum declares its 2016 budgetFeb 1, 2016Lundin Petroleum declares its 2016 development, appraisal and exploration budget which totals USD 1.08 billion and represents a 26 percent decrease on 2015 capital expenditure.
Chevron reports fourth quarter loss of $588 million and 2015 earnings of $4.6 billionFeb 1, 2016Chevron Corporation reported a loss of $588 million ($0.31 per share – diluted) for fourth quarter 2015, compared with earnings of $3.5 billion ($1.85 per share – diluted) in the 2014 fourth quarter.
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