Hurricane Energy (ticker: HUR) announced the results of its 2016/17 drilling campaign today, tripling estimated recoverable reserves from the Lancaster field.
The Lancaster field is an oil play in the North Sea, just …
India’s largest oil and gas explorer is looking to invest into Iran as the country looks for ways to meet its growing demand for oil and natural gas. …
U.S. crude oil exports grew 12% in 2016, despite a decline in domestic production, according to a note released by the EIA today. In addition, these exports were delivered to more countries than …
After enduring more than eight years of permitting hell, topped at the seven-year mark with a flat rejection by President Obama’s State Department, today TransCanada …
Sonatrach, the national oil company of Algeria, wants to increase crude production by 14% in the next four years, reversing an eight year decline. The company plans to accomplish this by investing over $50 billion …
From Stratfor
For the past 11 days, intense fighting has been raging in Libya’s “Oil Crescent,” home to the country’s most important oil infrastructure. The violence began when the Benghazi Defense Brigades and Petroleum Facilities Guards overran the Libyan National …
During last week’s EnerCom Dallas oil and gas investment conference, Tom Petrie, chairman and founder of Petrie Partners, gave a luncheon presentation entitled “Scoping 21st Century Energy Geopolitics.”
At …
GeoPark (ticker: GPRK) reported fourth quarter results Wednesday, showing a net loss of $20.4 million. Full year results are a loss of $49.1 million. These results are significantly better …
ExxonMobil (ticker: XOM) announced Friday that the company has purchased a 25% indirect interest in the natural gas Area 4 block offshore Mozambique from Eni (ticker: E) for $2.8 billion. …
From Stars and Stripes
WASHINGTON – The Islamic State group has lost almost all access to Iraqi oil, though the terrorist organization has thousands of fighters protecting its remaining oil-rich territory in Syria, a U.S. defense official said Wednesday.
The …
Production from Waha Oil Co., a venture between Libya’s state oil company and foreign partners, may be suspended Wednesday as clashes in the country’s eastern oil region keep the main export terminals out of service.
“Output from Waha …
OMV Aktiengesellschaft (ticker: OMG), an Austrian integrated oil and gas company, announced Sunday that the company purchased a 24.99% stake in the Yuzhno …
Malaysia’s Prime Minister Najib Razak announced on Monday that Saudi Arabia’s state oil company Saudi Aramco will invest $7 billion into an oil refinery and petrochemical project in Malaysia’s southern state of Johor.
Najib said the decision was …
Noble Energy (ticker: NBL) announced today that it has sanctioned the initial development of the Leviathan natural gas project in offshore Israel. This will be Noble’s third major natural gas …
From Reuters
China’s state-run Zhenhua Oil has signed a preliminary deal with Chevron (ticker: CVX) to buy the U.S. oil major’s natural gas fields in Bangladesh that are worth about $2 billion, two Beijing-based Chinese oil executives said.
Zhenhua is …
While there are scores of independent E&P’s in the United States, Latin America has always been the domain of supermajors and NOC’s. As the only independent pan-regional Latin American E&P, GeoPark (ticker: GPRK) aims …
EnerCom Dallas, EnerCom’s Texas-based oil and gas investment conference, will bring together a slate of upstream producers and oilfield technology innovators working in key global oil and gas jurisdictions. …
Scotland’s First Minister has launched a new £5 million fund that will provide opportunities for the supply chain in Scotland to benefit from the decommissioning of North Sea infrastructure.
The …
Presenting companies at EnerCom’s upcoming Texas-based oil and gas investment conference — EnerCom Dallas — include oil and gas exploration and production companies …
Within minutes after his inauguration, President Trump posted a memo on the White House website entitled …
From Natural Gas World
Just 100 days before the presidential election, the shale gas debate makes the headlines again in France, as parliament this week considers an amendment of the mining code to ban any …
China expects crude oil production to fall by 7% compared with its previous five-year plan as production from some of the country’s largest, and oldest, …
AltaGas Ltd. (ticker: ALA) announced a positive …
Less than a week into the new year, many oil market experts are beginning to wonder if OPEC will be able to follow through with its production cuts.
Already Iraq, …
Calgary-based International Frontier Resources (ticker: IFR) announced today that the company has closed on an Account Performance Security Guarantee (APSG) with Export Development Canada …
Iran has qualified 29 international companies to bid in tenders for oil and natural gas development projects as the company seeks foreign investment to …
Mexico will delay the announcement of winners for Round 2 of its oil and gas auction in order to allow more companies to …
In its medium-term coal market report for 2016, IEA reports that global coal demand growth has stalled after more than a decade of 4% annual growth, …
UBS has revised its global supply and demand balances and forecasts to reflect recent OPEC and non-OPEC output agreements and signs of accelerating investment in the U.S. onshore from the 3Q16 U.S. reporting season.
The …
