October 22, 2014

SandRidge Energy, Inc. (SD) today announced that it has increased the borrowing base and extended the maturity of its senior credit facility. The new, five-year agreement with 27 lending institutions has a maximum facility size of $2 billion and an initial borrowing base of $1.2 billion. Due to its current liquidity position and hedging program, the company elected to initially

In the third quarter of 2014, Core Laboratories N.V. (NYSE: “CLB US” and Euronext Amsterdam: “CLB NA”) posted the most profitable quarter in Company history. The record results were driven primarily by new, or recently introduced, technology and related services by Core’s Reservoir Description and Production Enhancement operations, in addition to Reservoir Management operations’ most profitable third quarter ever. The

Shell today announced a frontier exploration discovery offshore Gabon, West Africa. The well Leopard-1 encountered a substantial gas column with around 200 metres net gas pay in a pre-salt reservoir. Leopard-1 is located around 145 kilometres off the Gabonese coast, west of Gamba. It was drilled in water 2,110 metres deep to a total vertical depth of 5,063 metres. Shell

California Resources Corporation, a subsidiary of Occidental Petroleum Corporation (OXY), announced net income of $188 million for the third quarter of 2014, compared with $235 million for the third quarter of 2013. Net income for the first nine months of 2014 was unchanged from the same period of 2013 at $657 million. In announcing the results, Todd Stevens, President and

The Board of Directors met today and paid homage to Chairman and CEO Christophe de Margerie, who died tragically in an airplane accident in Moscow on the night of October 20-21, 2014. After joining the Group in 1974, Christophe de Margerie was appointed to the Executive Committee in 1999, then named CEO of Total on February 14, 2007, and Chairman

PETRO GLOBAL NEWS – ExxonMobil has delayed the startup of its first offshore Liberia exploration well as concerns mount over the Ebola outbreak ravaging western Africa. An ExxonMobil spokesman told the Houston Chronicle that the planned late-2014 start date at offshore Liberia Block 13 will be pushed back because of “safety, health and logistical issues related to Ebola.” The company