07 Feb 16Iraq: Genel Energy receives payment for KRI oil exports from Taq Taq field
Genel Energy has announced that the Taq Taq field partners have received a gross payment of $16.3 million from the Kurdistan Regional Government for oil exported through the Kurdistan Region of Iraq-Turkey pipeline. Genel’s share of the gross Taq Taq payment is $9 million.
07 Feb 16Frontier Resources International announces conditional subscription, board changes & update
Frontier Resources International has raised £1,425,000 before expenses through a conditional subscription with existing and new investors. The proceeds of the subscription will be used to provide working capital for the Company and to support the investment in new projects.
07 Feb 16UK: Independent Oil and Gas announces £10 million secured convertible loan facility, corporate update and board changes
AIM-listed Independent Oil and Gas, the North Sea focused oil and gas company, has entered into a conditional agreement with London Oil and Gas for the provision of a secured convertible loan facility for up to £10 million.
07 Feb 16Loss-making oil fields unlikely to be shut willingly - Wood Mackenzie
Even as millions of barrels of oil are pumped at a loss at current prices, only a fraction of the production has been shut, industry research group Wood Mackenzie said on Friday.
07 Feb 16Schlumberger-Cameron merger receives unconditional clearance from European Commission
Schlumberger and Cameron International Corp jointly announced Friday that the European Commission has cleared their proposed merger without any conditions following a Phase 1 review.
05 Feb 16US: LINN Energy announces process to explore strategic alternatives
US company LINN Energy has initiated a process to explore strategic alternatives to strengthen its balance sheet and maximize the value of the Company.
05 Feb 16BG Group announces 2015 Q4 and full year results
BG Group has announced its 2015 Q4 and full year results ahead of its takeover by Shell. The Company reports excellent operational performance in 2015 with results in line with, or ahead of, its guidance for the year. E&P production was up 16% at 704 kboed.
05 Feb 16UK: Centrica sells its 50 per cent interests in the Glens of Foudland, Lynn and Inner Dowsing wind farms
Centrica and its 50% JV partner EIG Global Energy Partners have agreed a joint sale of the Glens of Foudland, Lynn and Inner Dowsing wind farms (‘GLID’) to a consortium, comprising the UK Green Investment Bank Offshore Wind Fund and funds managed by BlackRock.
05 Feb 16Bahamas Petroleum reports on the passing of the Bahamas Petroleum Bill
Bahamas Petroleum Company, the oil and gas exploration company with a significant prospective resource in licences in The Bahamas, has announced that the Petroleum Bill and associated Regulations, as well as a Sovereign Wealth Fund Bill, have been placed before and passed by the Bahamian Senate.
05 Feb 16Faroe Petroleum announces operational update
Faroe Petroleum, the independent oil and gas company focussing principally on exploration, appraisal and production opportunities in Norway and the UK, has provided an operational update. The Company reports adding further 2C resources and a doubling of its 2P reserves in high quality assets.
05 Feb 16Yemen: Petsec Energy acquires operatorship of the Damis (Block S-1) Production Licence in Yemen
Petsec Energy has announced a further significant expansion of its oil and gas interests in the Republic of Yemen with the acquisition of entities holding the entire (100%) participating interest and operatorship of the Damis (Block S-1) Production Licence.
04 Feb 16US: Obama to seek new tax on oil in budget proposal
U.S. President Barack Obama will propose a $10-a-barrel fee on oil in his budget plan next week, as the White House seeks to boost the nation's investments in clean transportation projects, the White House said on Thursday.
04 Feb 16Morocco's King Mohammed VI inaugurates first phase of world's largest solar power plant
Morocco's King Mohammed VI inaugurated Noor 1, the first phase of what will become the largest concentrated solar power plant in the world, in a ceremony attended by world and industry leaders on Thursday near the Moroccan city of Ouarzazate