News Archive for Oil and Gas News

Schlumberger announces agreement to acquire SPT Group

Schlumberger announced today that it has entered into an agreement with Altor Fund II to acquire SPT Group—a privately owned software company specialized in dynamic modeling for the oil and gas industry. Read more…

Petrobras announces new oil discovery in pre-salt of Santos Basin

Petróleo Brasileiro S.A. – Petrobras announces the discovery of a new high quality oil accumulation in block BM-S-8, in ultra deep waters in the pre-salt of Santos Basin. Read more…

HRT Participações em Petróleo S.A. – spudding of well 1-HRT-8-AM

RIO DE JANEIRO, Brazil, March 20, 2012 /CNW/ – HRT Participações em Petróleo S.A. (the “Company” or “HRT”) (BM&FBOVESPA: HRTP3, TSX-V: HRP) announces that its subsidiary HRT O&G Exploração e Produção de Petróleo Ltda (“HRT O&G”), on March 17, 2012 at 06:00 p.m., spudded the well 1-HRT-8-AM, in the prospect Aroeira (1-HRT-169-02-AM), located in the Block SOL-T-169, Solimões Basin, in the Municipality of Tefé-AM. Read more…

Cordy Oilfield Services Inc. reports fourth quarter and 2011 annual results

CORDY OILFIELD SERVICES INC. (the “Corporation” or “Cordy”) (TSX VENTURE:CKK) released today its fourth quarter and 2011 annual results. Read more…

DNO International announces successful completion and testing of Tawke-16 well in the Kurdistan region of Iraq

DNO International ASA, the Norwegian oil and gas company, announced today that its just-completed Tawke-16 well in the Kurdistan Region of Iraq flowed at a cumulative rate in excess of 25,000 barrels per day of 26-27º API gravity oil from multiple, independently tested zones. The Company expects to connect the well to existing pipeline and processing facilities by mid-April, boosting the Tawke field’s deliverability. Read more…

Nostra Terra Oil and Gas provides Warrior horizontal well spudded

Nostra Terra, the AIM oil and gas producer with projects in the USA, is pleased to announce drilling has begun on the first horizontal well in the Warrior prospect, located in Oklahoma.  The Company has a 10% working interest in the Warrior prospect, which is operated by Crown Energy Company Inc. (“Crown Energy”). Read more…

Statoil establish new operational area in Northern Norway

Statoil is setting up a separate operational area in Northern Norway due to the considerable increase in activities taking place off the three northernmost counties in Norway. Read more…

Tap Oil provides Tallaganda-1 well drilling update

Tap Oil Limited (ASX Code: TAP) provides the following update on the Tallaganda-1 exploration well in permit WA-351-P offshore Carnarvon Basin, Western Australia. Read more…

CNPC and Shell sign first shale gas production sharing contract in China

China National Petroleum Corporation (CNPC) and Shell China Exploration and Production Company Limited (Shell) today signed a Production Sharing Contract (PSC) for shale gas exploration, development and production in the Fushun-Yongchuan block in the Sichuan Basin, China. Read more…

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