News Archive for Oil and Gas News

Salamander Energy Announces Dong Mun-3ST Appraisal Success

Salamander Energy plc is pleased to announce the successful appraisal of the Dong Mun discovery with the Dong Mun-3 side-track (“DM-3ST”) in Block L27/43, onshore Northeast Thailand. The Group has a 27.2% non-operated interest in Block L27/43. Read more…

Sevan Marine Announces Q4 2011 Results

During the fourth quarter, the Company successfully completed material aspects of its restructuring (the “Restructuring”) as disclosed in the third quarter interim financial report and amongst others the stock exchange notices of October 18, 2011 and November 30, 2011 which are available on the Company’s website (www.sevanmarine.com). Read more…

Solimar Energy announces production testing to commence at Kreyenhagen oil field

Solimar Energy Limited (Solimar – ASX Code : SGY; TSXV Code: SXS) is pleased to provide the following update regarding the Company’s 100% owned and operated Kreyenhagen oil field development project located in the San Joaquin Basin, California. Read more…

Deloitte announces onshore exploration more than double previous year

Professional services firm Deloitte released the Q4 2011 Drilling and Licensing report today, covering exploration and appraisal (E&A) drilling, licensing and deal activity in the Australian oil and gas sector for the December quarter. Read more…

FMC Technologies to Acquire Control Systems International, Inc.

FMC Technologies, Inc. (NYSE: FTI) announced today it has signed a definitive agreement to acquire Control Systems International, Inc. (CSI).  Terms of the transaction, which is subject to further due diligence and various closing conditions, were not disclosed. Read more…

Cabot Oil & Gas Corporation Announces New Joint Venture Pipeline

HOUSTON, Feb. 21, 2012 /PRNewswire/ – Cabot Oil & Gas Corporation (NYSE: COG) today announced a new Joint Venture with Williams Partners L.P. (NYSE: WPZ) to develop and construct a large diameter pipeline, specifically designed to transport Cabot’s Marcellus production to both the New England andNew York markets.  Deemed the “Constitution Pipeline” this high pressure pipeline will be capable of moving at least 500,000 Mcf per day from the heart of Cabot’s Marcellus acreage in Susquehanna County, PA to interconnect with both Iroquois Gas Transmission and Tennessee Gas Pipeline in Schoharie County, NY.  Williams Partners will be a 75% owner and, through its affiliate, will operate the pipeline, while Cabot will retain a 25% equity position. Cabot’s commitment to firm transportation representing the initial design capacity of the pipeline is sufficient to enable the project to go forward subject to receipt and acceptance of the necessary regulatory approvals.  The initial in service date for the system is slated forMarch 2015. Read more…

Gran Tierra Energy Provides South America Drilling Operations Update

CALGARY, Feb. 21, 2012 /PRNewswire/ - Gran Tierra Energy Inc. (NYSE AMEX: GTE; TSX: GTE)(“Gran Tierra Energy”)a company focused on oil and gas exploration and production in South America, today announced a drilling update in the Putumayo and Llanos basins of Colombia, Recôncavo Basin ofBrazil, and Noroeste Basin of Argentina . Read more…

Synergy Resources Announces Horizontal Well in the Wattenberg Field With PDC Energy

PLATTEVILLE, Colo., Feb. 21, 2012 /PRNewswire/ – Synergy Resources Corporation (NYSE Amex: SYRG), a domestic oil and gas exploration and production company focused in the Denver-Julesburg Basin (the “D-J Basin”), today announced that it is participating in a horizontal Niobrara well with PDC Energy.  Synergy Resources owns a 28.75% working interest in the Leffler 24-1-H well. Read more…

Eagleford Energy Commences 3rd Well on its Murphy Lease in Zavala County, Texas

TORONTO, Feb. 21, 2012 /PRNewswire/ – Eagleford Energy Inc. (OTCBB “EFRDF”) (“Eagleford Energy” or the “Company”), announces that the Company’s wholly owned subsidiary,  Dyami Energy LLC has commenced drilling the Murphy/Dyami #3, on its Murphy Lease comprising 2,637 acres of land in Zavala County, Texas. This marks the third well drilled on the lease with the previous two wells encountering the Eagle Ford shale formation at expected target depth. Data from the previous two wells drilled indicates that the Murphy Lease sits atop Serpentine plugs with multi-stacked formations such as the Escondido, Olmos, San Miguel, Anacacho, Austin Chalk, Eagle Ford shale, Buda and the Georgetown formations prospective to host hydrocarbons. Read more…

Statoil announces Åsgard gas compression contract awarded

In connection with the development of the world’s first seabed gas compression facility on the Åsgard field, Technip Norway has been awarded the contract for the marine operations of the project. The contract is valued at NOK 1,2 billion. Read more…

Statoil Petroleum announces consent to use Statfjord B beyond the originally planned lifetime

Statoil Petroleum AS has received consent to use Statfjord B beyond its design lifetime. Read more…

Solimar Energy Limited Announces Production Testing to Commence at Kreyenhagen Oil Field

Solimar Energy Limited (ASX:SGY)(TSX VENTURE:SXS) is pleased to provide the following update regarding the Company’s 100% owned and operated Kreyenhagen oil field development project located in the San Joaquin Basin, California. Read more…

The NPD will acquire seismic in the northeastern sector of the Barents Sea

The Government has decided that the NPD will map the geology in the northeastern part of Norway’s new sea area in the Barents Sea. Read more…

Gran Tierra Energy Provides South America Drilling Operations Update

CALGARY, Feb. 21, 2012 /CNW/ – Gran Tierra Energy Inc. (NYSE AMEX: GTE; TSX: GTE) (“Gran Tierra Energy”), a company focused on oil and gas exploration and production in South America, today announced a drilling update in the Putumayo and Llanos basins of Colombia, Recôncavo Basin of Brazil, and Noroeste Basin of Argentina. Read more…

Grid Petroleum Announces Joint Venture Development Agreement for New Area of Interest

DENVER, Feb. 21, 2012 /PRNewswire/ – Grid Petroleum Corp. (OTCBB: GRPR) The Board of Directors are pleased to announce that Grid Petroleum has entered into a Joint Venture Development Agreement with a private holding company, to develop a Mutual Area of Interest in the Northwest Premont Field in Jim Wells County Texas. The Field covers 4,500 acres and is part of the Gulf Coast Trend in South Texas. Read more…

Centrica acquires portfolio of UK North Sea assets

Centrica plc, the parent company of British Gas, has reached an agreement with Total E&P UK Limited (and its affiliates) to acquire their non-operated portfolio of producing oil and gas assets and associated infrastructure in the Central North Sea (CNS) for a total cash consideration of $388 million (£246 million). Around 20% of the consideration is allocated to UK tax allowances. Read more…

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