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29 May 15
PA Resources issues clarification regarding corporate reorganisation and financial position
Following the recent days significant movement in the PA Resources share price, Nasdaq opted to halt the trading of the shares. As a result the Company has repeated and clarified information previously provided.
29 May 15
Afren secures additional debt funding
Afren said its noteholders agreed to subscribe for further notes up to $369 million, adding $93 million in net cash proceeds to the amount it announced in April. Proceeds will be used to refinance its previously announced interim funding and fund the development of core producing assets.
29 May 15
Indonesia: Pertamina proposes to take over Sanga-Sanga oil block
Indonesia's state oil and gas company Pertamina has put forward a proposal for it to take over the Sanga-Sanga oil block. The block currently produces 16,733 barrels of oil per day and is operated by VICO Indonesia, whose contract is due to expire in 2018.
29 May 15
UK: Xcite Energy announces Q1 results - updates Bentley field operations
Xcite Energy has announced its first quarter results for the 3 month period ended 31 March 2015. The Company reports an increase in 1P, 2P and 3P heavy oil reserves for the Bentley field to 234 MMstb, 265 MMstb and 296 MMstb, respectively.
29 May 15
Morocco: 88 Energy finalises exit from the Tarafaya Offshore Block
88 Energy has received notification that the Moroccan Minister for Energy and Minister for Finance have signed the assignment document, finalising the divestment of the interests of DVM International (88 Energy's subsidiary in Morocco) in the Tarfaya Offshore Block.
29 May 15
Australia: Falcon Oil & Gas announces commencement of drilling operations in the Beetaloo Basin, Australia
Falcon Oil & Gas has announced that drilling operations have commenced on its initial three well fully funded drilling campaign in the Beetaloo Basin, in the Northern territory of Australia.
29 May 15
Australia: AWE's Waitsia-1 appraisal well encounters gas shows in secondary target
AWE Limited, the Operator of Permits L1/L2 in the Perth Basin, Western Australia, reports that the Waitsia-1 appraisal well has encountered elevated gas shows in the Dongara Sandstone, a secondary target.
29 May 15
Australia: Key Petroleum provides update on Dunnart-2 completion and testing
Key Petroleum, operator of EP437, has announced that all Drilling Contractors of Australia (DCA) Rig 6 drilling equipment has now arrived at the Dunnart-2 site.
29 May 15
Brazil: Petrobras, Galp, QGEP and Barra confirm large Brazil oil discovery
Brazil's state-run Petrobras, Portugal's Galp and Brazilian oil companies QGEP Participações and Barra Energia have confirmed that the giant Carcará offshore find extends far beyond the initial discovery, Barra said in a statement.
29 May 15
GoM: W&T Offshore announces new discovery at Ewing Banks 910
W&T Offshore has announced a new discovery at Ewing Banks 910 and first production from the SS #6 well at Mississippi Canyon 538 field ('Medusa'), both in the deepwater of the Gulf of Mexico.
28 May 15
Kenya: Premier Oil exits Kenya Block-2B joint venture
JV partner Tower Resources has received formal notification from Lion Petroleum, the wholly-owned Kenya-based subsidiary of Taipan Resources, and Operator of Block-2B, that Premier Oil has exercised its right to exit the joint venture with effect from 30 April 2015.
28 May 15
UK: Oil & Gas UK reacts to news of new Energy Bill
Oil & Gas UK said it welcomes the inclusion of an Energy Bill as part of the 2015–2016 parliamentary legislative session announced at the State Opening of Parliament on Wednesday. The Bill will formally establish the Oil & Gas Authority (OGA) as an independent, government company.
28 May 15
Shell names top executive to lead BG integration
Royal Dutch Shell has appointed the head of its Chinese operation to spearhead the integration with smaller British rival BG Group once the $70 billion deal is completed.
28 May 15
UK: Ithaca Energy shares slide after disclosing North Sea dispute
London-listed shares in oil and gas company Ithaca Energy fell by as much as 18 percent after the Calgary-based firm said it had received a legal claim regarding its Greater Stella Area oil field in the North Sea.
28 May 15
Norway: Det norske granted drilling permit for Ivar Aasen field appraisal well
The Norwegian Petroleum Directorate (NPD) has granted Det norske oljeselskap a drilling permit for well 16/1-22 A in production licence PL 001B. The well is an appraisal well on the Ivar Aasen field.
28 May 15
Nigeria: Nigerian oil union says Halliburton strike is over
Local Nigerian staff at U.S. oil services company Halliburton have ended a nationwide strike over job cuts, a spokesman for one of two oil unions involved in the dispute said on Wednesday.
28 May 15
Venezuela and Russia's Rosneft agree on $14 billion oil and gas investment
Venezuela and Russia's top oil producer, Rosneft, have agreed on around $14 billion in investment in the South American OPEC country's oil and gas sector, President Nicolas Maduro said on Wednesday evening.
28 May 15
US: S.Korea's SK Innovation wants to expand U.S. shale investment
South Korea's SK Innovation, which owns the country's biggest refiner SK Energy, said it aims to raise investment in U.S. shale fields and increase partnerships with major crude producers to stabilise energy supplies.
28 May 15
Falcon Oil & Gas announces interim results - updates operations
Falcon Oil & Gas has announced its financial results for the three months ended 31 March 2015 and provided an update on operations. The Company's initial three well drilling campaign in the Beetaloo basin, Australia is on track to commence shortly.
28 May 15
Bahamas: Bahamas Petroleum provides update on new Petroleum Bill and associated regulations
Bahamas Petroleum Company, the oil and gas exploration company with licences in the Bahamas, has provided an update on the new Petroleum Bill and suite of associated regulations currently progressing through the Bahamian House of Assembly.
28 May 15
Falklands: Premier Oil announces oil discovery at the Isobel Deep exploration well in the North Falkland Basin
Premier Oil has announced an oil discovery at the Isobel Deep exploration well 14/20-1 in the North Falkland Basin, approx. 30km south of the Sea Lion field.
28 May 15
Indonesia: Lofin-2 flows gas - confirms material discovery
JV partner Lion Energy reports that the CITIC-operated Lofin-2 appraisal well has tested gas at up to 17.8 mmcfpd from the Manusela limestone. Results support a gas column of at least 1106m, and up to 1300m.
28 May 15
Brazil: Petrobras abandons deepwater pre-salt prospect
Brazil’s state-controlled oil company Petrobras has abandoned exploration at the Caramba Prospect in a deepwater region that holds the country’s biggest discoveries.
27 May 15
Peru to open bidding this year on LPG pipeline
Peru will likely open bidding late this year on the rights to build a liquefied petroleum gas (LPG) pipeline to help prevent supply crunches that have prompted the import of 292,000 barrels of the fuel, its government said on Wednesday.
27 May 15
PA Resources continues strategic review process
PA Resources reports that the strategic review process is now entering a more formal and active phase. The options being explored are long-term funding for all or part of the business, a corporate transaction or the divestment of individual assets or business units.
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