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Company News
NOVATEK declares year-end 2015 reservesJan 27, 2016OAO NOVATEK declared that independent petroleum engineers, DeGolyer & MacNaughton, have completed their comprehensive reserve appraisal of the Company's hydrocarbon
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
DONG Energy concludes strategic review of E&P businessJan 27, 2016DONG Energy has now concluded the strategic review with the following key conclusions:
DONG Energy confirms its intention to build a world-class clean energy company
Rosneft increases supplies to LotosJan 27, 2016Rosneft and Grupa Lotos S.A. agreed to extend the сontract for oil supplies to Poland signed on December 20, 2013. The updated commercial terms and conditions envisage a year
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,
Royal Energy to acquire control of Rhino Resource PartnersJan 27, 2016Royal Energy Resources, Inc. has entered into a Securities Purchase Agreement with Wexford Capital, LP, and certain of its affiliates (collectively, 'Wexford'), under which
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
FMC awarded $180 Million subsea contract on Australian project from WoodsideJan 27, 2016FMC Technologies, Inc. has signed an agreement with Woodside for the design, manufacture and supply of subsea production systems for the
Seatronics is first company to achieve Valeport calibration facility reaccreditationJan 27, 2016Seatronics, an Acteon company, is the first to sign up to enhanced accreditation as a supplier of third party calibrations to the ROV and survey communities, globally.
ExxonMobil, Renewable Energy Group to research biodiesel from cellulosic sugarsJan 27, 2016ExxonMobil has signed an agreement with Renewable Energy Group, Inc. (REG) to study the production of biodiesel by fermenting renewable cellulosic sugars from sources such
Emas Offshore appoints new Chief Financial OfficerJan 27, 2016EMAS Offshore Limited has appointed Mr. Hsu Chong Pin to assume the role of Chief Financial Officer (CFO) of the Company from Mr. Jason Goh effective 26 January 2016.
Chevron commences gas production from Chuandongbei projectJan 27, 2016Chevron’s fully-owned subsidiary Unocal East China Sea, Ltd. began natural gas production from the first stage of the Chuandongbei Project in southwest China. Chuandongbei is one of the largest onshore gas projects developed by an international oil company and a national oil company in China.
Air Energi and Swift Worldwide combine in strategic mergerJan 27, 2016Air Energi Group Limited and Swift Worldwide Resources Limited have merged to form Airswift Holdings Limited, a $1.2bn turnover company specialising in global workforce solutions for
Keppel FELS delivers first rig of the year safely and on timeJan 27, 2016Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M) has delivered Halul, a KFELS B Class jackup rig, to Gulf Drilling International Ltd. (q.s.c) (GDI) of Qatar.
Amerisur Resources acquires Platino EnergyJan 27, 2016Amerisur Resources has acquired Platino Energy (Barbados) Ltd, a private company, from COG Energy for a total consideration of US$7MM.
Jura Energy completes Sara-4 development wellJan 27, 2016Jura Energy Corporation says that the development well Sara-4, in the Sara Lease, has been successfully completed in the Sui Upper Limestone formation of Eocene age.
Sound Energy acquires further interest in Sidi Moktar licencesJan 27, 2016Sound Energy has reached heads of agreement with PetroMaroc Corporation Plc in respect of Sound Energy's acquisition of PetroMaroc's 50% operated interest in three onshore
Union Jack Oil acquires interest in PEDL209 and the Laughton prospectJan 27, 2016Union Jack Oil plc has entered into an agreement with Egdon Resources plc, to farm-in to the conventional prospects only of PEDL209 containing the Laughton Prospect.
Ophir signs a non-binding heads of terms agreement with SchlumbergerJan 26, 2016Ophir Energy has signed a non-binding Heads of Terms Agreement with Schlumberger whereby Schlumberger will, subject to due diligence, definitive documentation and
Oilfield services survey reveals huge spike in M&A activity and confidence in North Sea recoveryJan 26, 2016A desire to capitalise on distressed situations, grow international market share and acquire new technology will drive a surge in M&A activity in the oilfield services sector during 2016,
Baker Hughes announces weekly rig countsJan 26, 2016Baker Hughes Incorporated has posted Weekly Rig Count reports to its Investor Relations website. U.S. Rig Count is down 13 rigs from last week to 637, with oil rigs down 5 to 510,
Comet Ridge continually increasing production at Mahalo 7 horizontal wellJan 26, 2016Comet Ridge Limited reveals that the Mahalo 7 horizontal well is being produced in combination with the Mahalo 6 vertical intercept well, via the pump in Mahalo 6.
Saipem signs MoU concerning potential cooperation for future projects in IranJan 26, 2016In the presence of the President of the Islamic Republic of Iran, Hassan Rouhani, and the Italian Prime Minister, Matteo Renzi, Saipem has entered into a Memorandum of Understanding
Krewe Energy acquires Lapeyrouse fieldJan 26, 2016Krewe Energy, LLC recently completed the acquisition of 100% of Castex Energy's interest in the Lapeyrouse Field located in Terrebonne Parish, Louisiana. Simultaneous to the Castex
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