Genel Energy receives payment for KRI oil exports from the Taq Taq fieldFeb 8, 2016Genel Energy says that the Taq Taq field partners have received a gross payment of $16.3 million from the Kurdistan Regional Government ('KRG') for oil exported through the
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
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.
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.
Plains All American Pipeline closes $1.6 billion private placementJan 29, 2016Plains All American Pipeline, L.P. has closed the previously announced sale of approximately 61 million units of a newly authorized series of 8% perpetual Series A Convertible Preferred Units
Victoria Oil & Gas declares 2016 operations outlookJan 29, 2016Victoria Oil & Gas Plc declares a 2016 Operations Outlook for VOG and Gaz Du Cameroun S.A ('GDC') the Company's wholly-owned subsidiary and operator of the 60% owned
Penn West Petroleum declares 2016 capital budgetJan 29, 2016Penn West Petroleum Ltd. says that the Board of Directors has approved a highly disciplined capital budget of $50 million for 2016.
Oil & Gas UK welcomes Prime Minister's support for industry and city dealJan 29, 2016Deirdre Michie, chief executive of Oil & Gas UK, said: 'We very much welcome Prime Minister David Cameron's visit to Aberdeen and his recognition of the seriousness of our situation.
Hess Corporation reduces 2016 E&P capital budgetJan 27, 2016Hess Corporation has declared a 2016 E&P capital and exploratory budget of $2.4 billion, a 40 percent reduction from its 2015 actual spend of $4.0 billion and approximately 20 percent
Williams and Williams Partners declare 2016 capital planJan 27, 2016Williams and Williams Partners has declared Williams Partners 2016 growth capital funding needs total $2 billion, down approximately $1 billion, or 32 percent,
Painted Pony reduces 2016 capital spending programJan 27, 2016Painted Pony Petroleum Ltd. says that due to further realized capital efficiencies, the 2016 capital spending program has been reduced by 8% to $197 million from a
Modal Training invests in advanced suite of Kongsberg Maritime simulatoJan 26, 2016Modal Training, the first organisation in the UK to offer integrated, multimodal logistics training, has invested in a full suite of advanced ship, offshore vessel, engine room and radar simulators
MX Oil receives offer for Nigerian investmentJan 26, 2016MX Oil previously had received expressions of interest to acquire all or part of its Nigerian investment or to invest into the underlying asset directly alongside the Company.
Schlumberger results reveals 10000 jobs cutJan 25, 2016Schlumberger Limited reported results for full-year 2015 and the fourth quarter of 2015.
Schlumberger Chairman and CEO Paal Kibsgaard commented,
Cyberhawk reports record growth within its oil and gas division during 2015Jan 22, 2016Cyberhawk Innovations has reported record growth within its oil and gas division during 2015 due to impressive demand from domestic and global markets.
Origin Energy clarifies financing arrangementsJan 22, 2016Origin Energy Limited declared clarification of misunderstandings in the market in respect of some matters related to Origin's financing arrangements.
WPX Energy increases hedge position and reduces debtJan 21, 2016WPX Energy has added more hedges to protect cash flows and repurchased a portion of notes that are due in early 2017.
Pengrowth Energy declares its 2016 capital budgetJan 21, 2016Pengrowth Energy Corporation declared its 2016 capital expenditure plans and suspension of its dividend. Pengrowth's Board of Directors has approved a $60 to $70
Northcote Energy substantially improves its balance sheetJan 21, 2016Northcote has substantially improved its balance sheet through two transactions with Shoats Creek Development, Inc. ('SCDI'), its partner in the development of the Shoats Creek Field,
InfraStrata to complete funding for Woodburn Forest-1 wellJan 20, 2016InfraStrata plc says that a series of Farmout Agreements have been entered into by InfraStrata and Brigantes Energy Limited, both together and separately, which together
Petrobras reports adjustments to the 2015-2019 business and management planJan 14, 2016Petrobras says that its Board of Directors has approved certain adjustments to the 2015-2019 Business and Management Plan (2015-2019 BMP).
Plains All American to purchase approximately $1.5 billion of equity capitalJan 13, 2016Plains All American Pipeline, L.P. has received binding commitments for the purchase of approximately $1.5 billion of equity capital. The purchasers will acquire approximately 56 million
Bellatrix Exploration declares first half 2016 capital budgetJan 13, 2016Bellatrix Exploration Ltd. declared strong preliminary 2015 operational results and a focused first half 2016 capital budget of $46 million. Building on the operational successes from 2015,
