Platts announces OPEC oil production climbs to 31.71 million barrels per day in April

LONDON, May 10, 2012 /PRNewswire/ — Crude oil output from the Organization of the Petroleum Exporting Countries (OPEC) climbed 320,000 barrels per day (b/d) to 31.71 million b/d in April from 31.39 million b/d in March, a just-released Platts survey of OPEC and oil industry officials and analysts showed.

Proserv acquires the subsea controls business of weatherford international

ABERDEEN, Scotland, May 10, 2012 /PRNewswire/ — Proserv Group Inc., a leading global energy production technology services company headquartered in Aberdeen, Scotland, has acquired the subsea controls business of Weatherford International.  Proserv is backed by Intervale Capital, a private equity firm focused on investments in middle-market oilfield services companies.  The […]

Canadian oil and gas sector still struggling to address skilled labour shortages despite “doing everything right”

TORONTO, May 10, 2012 /CNW/ - Despite being a global leader in many aspects of compensation and recruitment within the oil and gas sector, Canada is still facing skilled labour shortages - the industry’s self identified number one challenge for 2012, according to a recent global survey of oil and gas […]

FieldPoint Petroleum reports record quarter; Plans to drill second lea county, New Mexico well

AUSTIN, Texas, May 10, 2012 /PRNewswire/ – FieldPoint Petroleum Corporation (NYSE AMEX:FPP) announced today its first quarter financial results for the three months ended March 31, 2012.

Questerre to focus on oil shale in 2012

Questerre Energy Corporation (”Questerre” or the “Company”) (TSX:QEC) (OSLO:QEC) reported today on its operating and financial results for the first quarter of 2012.

Nordic Oil and Gas to equip its 4-11 Well in Endeavour, SK with tank, tubing and submersible pump

Based on the recently completed Reserves and Engineering Report received from its Engineering firm, Donald Benson, President of Nordic Oil and Gas Ltd. (TSX VENTURE:NOG) (”the Company” or Nordic”), announced that the Company is changing its approach with regard to its 4-11-35-4 W2 well at Endeavour, SK. The Company now plans […]

Serica Energy-Q1 2012 results

Serica Energy plc (TSX:SQZ)(AIM:SQZ) (”Serica” or the “Company”), the oil and gas exploration and production company, today announces its financial results for the three months ended 31 March 2012. The results and associated Management Discussion and Analysis are included below and copies are available at and

Gulf Keystone Petroleum provide Kurdistan operational update spudding of Bakrman-1 exploration well

Gulf Keystone is pleased to announce that the Bakrman-1 exploration well spudded on the Akri-Bijeel block in the Kurdistan Region of Iraq on 7 May 2012.

TransCanada to proceed with Keystone Hardisty Terminal

TransCanada Corporation (TSX, NYSE: TRP) (TransCanada) today announced that it has concluded a successful open season for the Keystone Hardisty Terminal project. Sufficient firm commitments were secured from parties interested in accessing the new terminal at the starting point of TransCanada’s Keystone Pipeline System.

Tap Oil announce extension of Offshore Accra contract area

Tap Oil Limited (Tap) is pleased to announce that the Ministry of Energy, Ghana has granted a 12 month extension of the Initial Exploration Period under the Petroleum Agreement in respect of the Offshore Accra Contract Area.  The Initial Exploration Period now ends on 23 September 2013, by which date the […]