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Finance
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Market for Digitalization in Energy Sector to Grow to USD 64 billion by 2025 Nov 8, 2017New energy innovations will be centred on digital technologies and the strategic use of data, according to new research published by Bloomberg New Energy Finance (BNEF).
OGIC Surpasses 40th Project Milestone for Innovation and Technology Projects Jul 25, 2017Following the signing of three new projects, The Oil and Gas Innovation Centre (OGIC) has reached its 40th project target ahead of schedule, with a total investment of over GBP 1.3 million...
Industry and Scottish Government Back Oil & Gas Resource to Tackle Looming Experience and Knowledge Gap Jun 6, 2017A major digital resource developed for the oil and gas industry, has received GBP 50,000 from the Scottish Government.
McKinsey Energy Insights Releases Global Oil Supply and Demand Outlook to 2030 Apr 20, 2017McKinsey Energy Insights (MEI), the data and analytics specialist that provides distinctive insight and support to the global energy industry, has released its latest Global Oil Supply and Demand Outlook...
Brazil Announces Measures to Encourage Increased Investments in Oil and Gas Sectors Mar 13, 2017The Brazilian federal government has announced a new policy to enhance and encourage investment in the oil and gas area in Brazil. By Peter Howard Wertheim & Dayse Abrantes
S&P Global Platts Survey – OPEC Crude Oil Production Hit New Record in November Dec 9, 2016Oil production from OPEC for November rose for the sixth straight month to a record 33.86 million barrels per day (b/d), according to a survey of OPEC and oil industry officials by S&P Global Platts...
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Spot News |
Further Increasing Johan Sverdrup ValueStatoil and partners have further increased the value of the Johan Sverdrup field as a result of continued high quality in project execution, good drilling efficiency and further maturation of the resource base.
Faroe Commences Fogelberg Appraisal WellFaroe Petroleum has announced the commencement of the Fogelberg appraisal well and contingent sidetrack 6506/9 – 4A and 4S in the Norwegian North Sea (Faroe 28.3%).
North Sea Exploration Success for BPBP has announced two new exploration discoveries in the North Sea. The discoveries are Capercaillie, in Block 29/4e in the Central North Sea, and Achmelvich, in Block 206/9b west of Shetland.
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Finance
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Downsizing, Simplification and Design Reduce Offshore Development CostsOct 28, 2016The latest Rystad Energy analysis reveals that offshore developments have benefitted significantly from lower breakeven prices over the last 2 years, with...
New Petrobras CEO Pedro Parente Capable of Facing “Perfect Storm” Say AnalystsMay 20, 2016Thursday May 19, Brazil’s interim President Michel Temer appointed Pedro Parente as CEO and president of Petrobras, Brazil’s state controlled oil giant. By Peter Howard Wertheim
Essel Group Middle East to Invest in SimbaApr 20, 2016Essel Group Middle East DMCC and Simba Energy Inc. has announced that they have arranged, subject to receipt of regulatory approval, a private placement financing...
Statoil Energy Ventures Makes First InvestmentMar 7, 2016Statoil Energy Ventures has announced that it has invested USD 3 million in United Wind, a provider of distributed wind energy leasing solutions.
Seatronics: New Head of FinanceMar 3, 2016Seatronics, an Acteon company, and part of its survey, monitoring and data business segment, has announced the appointment of Kevin Strachan as head of finance.
MEO Australia to raise $1.4 million to fund Cuban explorationFeb 29, 2016MEO Australia Limited has executed a Private Placement Agreement with London listed Leni Gas Cuba Limited to raise $1.4 million, with funds to be used to advance MEO’s exploration
Marksmen Energy to complete private placementFeb 29, 2016Marksmen Energy Inc. intends to complete by March 31, 2016 one or more additional closing(s) of its previously announced non-brokered private placement of up to 10,000,000 common shares
Resolute Energy declares 2016 capital budgetFeb 29, 2016Resolute Energy Corporation declared its 2016 capital budget and issued guidance as to anticipated production and costs for 2016. Resolute also provided detail on its year-end
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LGO Energy working on potential strategic investmentsFeb 25, 2016LGO Energy plc has continued working closely with its advisors in the USA, Wellford Capital Markets, LLC and Height Securities, LLC, on potential strategic investments in the business.
Empyrean Energy completes sale of Sugarloaf AMI projectFeb 23, 2016Empyrean Energy Plc has reached financial close on 19 February 2016, Houston time, of the purchase and sale agreement with Carrier Energy Partners II, LLC, a Delaware corporation, to dispose
Senex Energy declares 2016 half-year guidanceFeb 18, 2016Senex Energy Limited expects to recognise the following significant items in its 2016 half year accounts: Gain on sale of the Maisey block of approximately $38 million
Statoil launches USD 200m new energy investment fundFeb 17, 2016Statoil launches a new venture capital fund dedicated to investing in attractive and ambitious growth companies in renewable energy, supporting its strategy of growth in new energy solutions.
Manitok Energy closes the final tranche of its private placementFeb 17, 2016Manitok Energy Inc. has closed the final tranche of its previously announced concurrent brokered and non-brokered private placement offering of common shares (the "Common Shares")
Helix Energy makes amendment to credit facilityFeb 11, 2016Helix Energy Solutions Group, Inc. has amended its credit agreement to provide the Company with increased financial flexibility through the third quarter of 2017. The Amendment includes the following items:
Polarcus says non-cash impairment charges impacting Q4 2015Feb 10, 2016Reference is made to the stock exchange release issued on 6 January 2016 in which Polarcus Limited announced a restructuring plan with support from key stakeholders.
Tethys to gat additional US$1 million from OlisolFeb 9, 2016Tethys Petroleum Limited updates the previously announced US$15 million convertible debt facility with Olisol Petroleum Limited , a wholly owned subsidiary of Olisol Investments
Husky Energy decides for short term hedging llanFeb 8, 2016Husky Energy has put in place a short term hedging plan for a portion of its oil production. Husky generally manages commodity price risk through its strong balance sheet
Faroe Petroleum reports good progress for 2015Feb 8, 2016Graham Stewart, Chief Executive of Faroe Petroleum says that 2015 was another year of growth and good progress for Faroe despite a backdrop of significantly lower commodity prices.
Osage Exploration and Development files for bankruptcyFeb 8, 2016Osage Exploration and Development, Inc. says that on February 3, 2016, it filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code in the U.S.
Frontier Resources issues new ordinary sharesFeb 8, 2016The Board of Frontier says that the Company has conditionally issued, though a direct subscription, 4,750,000,000 new ordinary shares of 0.01p each with existing
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