Oil Price |
|
|
| Read our latest copy |
|
|
|
|
| Latest
Politics
|
Half of Oil and Gas Firms Confident for the First Time in 4 Years Dec 1, 2017Contractor confidence in the UK Continental Shelf (UKCS) has risen with almost half being more confident about their prospects for the first time since 2013, according to a new industry report.
World Energy Outlook 2017 – World in Transformation Nov 14, 2017According to the World Energy Outlook 2017, the resurgence in oil and gas production from the United States, deep declines in the cost of renewables and growing electrification are changing the face of the global energy system...
S&P Global Platts – April OPEC Crude Oil Output Unchanged at 31.85 Million Barrels Per Day May 8, 2017The 10 Organization of the Petroleum Exporting Countries (OPEC) members’ crude output stayed unchanged in April at 31.85 million barrels per day (b/d) compared to March...
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
Platts China Oil Analytics – China Apparent Oil Demand Inched up 1% Year over Year in October Dec 29, 2016China’s apparent oil demand in October 2016 edged up by 1.1% from the same month last year to 11.12 million barrels per day (b/d), according to an analysis of Chinese government data by S&P Global Platts...
Recent OPEC Agreement Reflected in US EIA Forecast Dec 12, 2016The US Energy Information Administration’s new Today in Energy brief looks at OPEC’s recent agreement to reduce oil production.
|
|
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.
|
|
| More
Politics
|
Russia, Cambodia Sign Two MOUs to Co-Operate on Nuclear EnergyMay 24, 2016Rosatom State Atomic Energy Corporation and the National Council for Sustainable Development of the Kingdom of Cambodia announced that they have signed two key MOUs.
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
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
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.
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.
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
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.
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.
VAALCO Energy to explore strategic alternativesJan 28, 2016VAALCO Energy, Inc. says that its Board of Directors has formed a strategic committee to explore a range of strategic alternatives to further enhance shareholder value.
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
|
|
|
|
|
|
