energy-pedia news

27 Mar 15
PA Resources files for corporate reorganisation
PA Resources has decided to seek protection from creditors by filing an application to the Stockholm District Court for a company reorganisation. The purpose of the application is to provide flexibility to enable the Company to achieve an effective restructuring solution for its stakeholders.
27 Mar 15
UK/Netherlands: Parkmead announces interim results - updates operations
Parkmead, the UK and Netherlands focused oil and gas group, has reported its interim results for the six-month period ended 31 December 2014.
27 Mar 15
Canada's New Brunswick province bans fracking - plans study
Lawmakers in New Brunswick voted on Thursday to prohibit fracking in the eastern Canadian province, committing to study the controversial method of extracting oil and gas for one year before reconsidering the ban in 2016.
27 Mar 15
Argentina: Crown Point Energy provides operational update on its Tierra del Fuego Concessions
Crown Point Energy has provided an operational update regarding the results of its ongoing development, exploration and recompletion program at its 25.78%-owned Tierra del Fuego ('TDF') Las Violetas concession in Argentina.
27 Mar 15
UK: Egdon provides update on Wressle-1 well testing
AIM-listed Egdon Resources has announced the results of the second Penistone Flags flow test at the Wressle-1 oil and gas discovery in licence PEDL180 located to the East of Scunthorpe, where Egdon operates with a 25% interest.
27 Mar 15
Petromanas provides operations update - announces adoption of advance notice by-law and filing of year-end 2014 results
Petromanas Energy on Thursday provided an update on key operational and corporate initiatives for its European assets located in Albania and France and announced the adoption by its Board of Directors of an advance notice by-law and the filing of its 2014 year-end results.
27 Mar 15
Indonesia: Lion Energy reports encouraging gas shows in Lofin-2 appraisal well
Lion Energy reports that Lofin-2 is at 4867m MD/4763.5m TVDSS and is in the process of cutting a second core in the Manusela Formation primary objective. The potential hydrocarbon column is at least 600m to current TD, based on preliminary well data while drilling.
27 Mar 15
Maurel et Prom slashes exploration budget as oil prices stay weak
French oil and gas exploration and production group Maurel et Prom has slashed its exploration budget by more than 60 percent and said it plans to shed some projects as low oil prices weaken its ability to generate cash.
26 Mar 15
Mexico's first oil tender to feature extended exploration period
As Mexico opens up its oil sector to private producers for the first time in decades, the initial set of contracts up for grabs later this year will feature extended exploration periods, the country's oil sector regulator said on Wednesday.
26 Mar 15
Exploration costs set to fall 33% by 2016 - Wood Mackenzie
In its report 'Upstream cost deflation: how much could costs of exploration fall?' Wood Mackenzie concludes that exploration deflation will average 33% by 2016, comprising three global elements that are locally compounded by favourable exchange rate moves.
26 Mar 15
UK: Shell to cut more UK North Sea jobs in 2015
Royal Dutch Shell is planning further job cuts in its UK North Sea oil and gas business in 2015, the company said on Thursday, just a week after a package of tax cuts from the Treasury aimed at encouraging growth in the industry.
26 Mar 15
UK: GE Energy Financial Services acquires Langhope Rig wind farm in Scotland from SSE
GE Energy Financial Services, a unit of GE, has signed an agreement with SSE, one of the largest generators and suppliers of energy in the UK, to acquire the 16-megawatt Langhope Rig wind farm, which is nearing construction completion near Hawick, in the Scottish Borders.

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