GMX Resources Inc. new oil and natural gas hedges secured workover rig work has begun

GMX RESOURCES INC., (NYSE:GMXR), today announces that the Company has entered into agreements with two hedge providers to protect its cash flow on oil and natural gas production. The Company also announces today that the new build fit-for-purpose workover rig arrived in North Dakota and work has commenced on Company’s wells.

Total announces elgin incident update following press conference

Total hosted a press conference today, attended by Rt Hon Charles Hendry, MP, Minister of State for the Department of Energy and Climate Change (DECC) at which it provided further details of the scale of its work to control the release of non-toxic gas from the G4 well on the Elgin field platform and confirmed […]

Gazprom completes production wells drilling at Nizhne-Kvakchikskoye field in Kamchatka

Gazprom completed drilling of five gas condensate production wells at the Nizhne-Kvakchikskoye field. Once the construction and connection of new wells is finished, the total number of wells will reach nine – that will create the conditions required to increase gas output to the projected level – from 175 to 575 million cubic meters a year.

Tethys Petroleum Limited announces 2011 year end results

Tethys Petroleum Limited (”Tethys” or the “Company”) (TSX:TPL)(LSE:TPL) today announced its Annual Results for the period ended December 31, 2011. Tethys is focused on oil and gas exploration and production activities in Central Asia with activities currently in the Republics of Kazakhstan, Tajikistan, Uzbekistan. This highly prolific oil and gas area is rapidly developing and […]

Shoreline Energy Corp. releases 2011 year-end reserves and provides an operational update

Shoreline Energy Corp. (”Shoreline” or the “Company”) (TSX:SEQ) is pleased to announce its 2011 Year End Reserves, as well as an Operational Update. Shoreline’s Annual Information Form (”AIF”) includes additional reserves disclosure and may be obtained at or via the Company’s website at, the AIF should be read in conjunction with the contents […]

DNO International ASA anoounces update on operations in Kurdistan

As of 1 April 2012, the Ministry of Natural Resources of the Kurdistan Regional Government (KRG) has instructed DNO International ASA to halt delivery of that portion of crude oil produced from the Tawke oil field that was destined for the Iraqi national pipeline system for eventual export through Turkey.

Galoc oil field recommences production

Otto Energy Ltd (ASX:OEL) is pleased to announce that the Galoc oil field has recommenced production.

Canacol Energy Ltd. provides update on the Tardigrado-1 exploration well, andaquies block, Colombia

Canacol Energy Ltd. (”Canacol” or the “Corporation”) (TSX:CNE)(BVC:CNEC) reports that C&C Energia Ltd. (the “Operator”) has finished the drilling and testing of the Tardigrado-1 well in the Andaquies Exploration & Production (”E&P”) contract located in Colombia and has subsequently abandoned the well. The Tardigrado-1 well encountered 60 feet of sandstone from the Caballos reservoir with […]

Questerre completes investment in oil shale assets

Questerre Energy Corporation (”Questerre” or the “Company”) (TSX:QEC)(OSLO:QEC) reported today that it has successfully concluded its Letter of Intent with Red Leaf Resources, Inc. (”Red Leaf”) to invest in the company and its oil shale assets in Wyoming and Utah.

GL Noble Denton wins pipeline industries guild award

GL Noble Denton has won the coveted Utilities category of the 2012 Pipeline Industries Guild Awards. The award honours an innovative Beam Drilling System, which is used by UK gas network operators to secure drilling equipment onto gas pipelines more safely and efficiently.