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Colombia: GeoPark announces expansion in Colombia through new block award in 2014 Colombia Bidding Round

GeoPark has announced its continued expansion in Colombia through the award of a new exploratory licence during the 2014 Colombia Bidding Round, carried out by the Agencia Nacional de Hidrocarburos ('ANH') on July 23, 2014 in Cartagena, Colombia. GeoPark was awarded the VIM-3 Block in the Lower Magdalena Basin. ... more ...

Husky Energy profit rises as production increases

Canadian oil and gas producer Husky Energy, controlled by Hong Kong billionaire Li Ka-shing, reported a 4 percent increase in second-quarter earnings on Thursday, helped by an 8 percent rise in production. ... more ...

Malaysia: Reach Energy’s upcoming IPO to raise funds for O&G assets acquisition

Reach Energy will invest most of the funds it raises from its upcoming initial public offering (IPO) exercise to acquire oil and gas production assets as its qualifying acquisition (QA). The Company will focus on brownfields in the production phase and fields in the proximity of existing producing areas within the Asia Pacific region. ... more ...

Iraq: Russia's Gazprom Neft starts commercial production at Iraq's Badra oilfield

Russia's Gazprom Neft, the oil arm of state-run Gazprom, has started initial commercial oil production from its Badra oilfield in Iraq, the oil ministry said on Wednesday. Production from Badra started on Monday at an average of 15,000 barrels per day and is expected to reach 170,000 bpd of crude oil by 2017. ... more ...

Norway: Lime Petroleum Norway relinquishes 3 Norwegian offshore licences

Hibiscus Petroleum has announced that its jointly-controlled entity, Lime Petroleum Norway, has decided to surrender PL509S, PL509BS and PL509CS, all of which are located in the North Sea, following the deadline for a drill or drop decision by July 23. ... more ...

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