News Archive for Oil and Gas News

Forest Gate sells saskatchewan oil and gas assets

CALGARY, May 29, 2012 /CNW Telbec/ – Forest Gate Energy Inc. (TSXV: FGE) reports that it has entered into a definitive purchase and sale agreement with its joint interest partner in the Rangeview, Divide and Katherine properties located in southwest Saskatchewan to sell their entire working interest to an arms-length partner for gross proceeds of $1.5 million. Read more…

Statoil announces heimdal gas leak investigation

Statoil is initiating an internal investigation following a gas leak on the Heimdal platform in the North Sea on Saturday 26 May. The incident will also be investigated by the Petroleum Safety Authority Norway. Read more…

ATCO gas celebrates a century of natural gas service in Alberta

ATCO Gas is celebrating 100 years of providing safe, reliable natural gas service to Albertans. To mark this milestone, ATCO Gas has planned a variety of exciting community events across the province this summer. Customers can also win home heating for a year. “It is because of our customers that ATCO proudly marks a century of heating homes and warming communities in Alberta,” said Bill Stephens, Senior Vice President & General Manager, ATCO Gas. “ATCO Gas is an integral member of the communities it serves and has been an important contributor to the economic development of this province.” Centennial Year Community Celebrations /T/ — ATCO Gas’s 100 Days of Summer Tour will visit approximately 50 communities across Alberta from May 29 – September 7. The celebration tour features free community barbeques, children’s activities, giveaways and refreshments from the ATCO Blue Flame Kitchen. A vaudeville-style live theatre show entitled, He’s Got the Pipes, will tell the history of natural gas service in Alberta in a fun and entertaining style suitable for all ages. — A legacy gift will be given to the eight communities along the original Bow Island to Calgary pipeline that first received natural gas service in 1912. The communities include Lethbridge, Brooks, Fort MacLeod, Granum, Claresholm, Nanton, Okotoks and Calgary. Special festivities are also planned. — A pinnacle celebration will take place July 15 at the closing grandstand show at the Calgary Stampede. The cauldron atop the Calgary Tower will be lit to commemorate the flaring ceremony that took place July 1912 as natural gas was brought to the City of Calgary. — ATCO Gas customers can enter online (atcogas.com) to win one of five Heat Your Home for a Year prizes and much more. Customers are also invited to share their stories of how natural gas has helped to change life for their family or community. — ATCO Gas employees have committed to 100 Days of Caring in which volunteers will complete 100 community-service projects. /T/ ATCO Gas is celebrating 100 years of heating homes and warming communities in Alberta. As an Alberta-based, province-wide natural gas distribution company, ATCO Gas serves more than one million customers in nearly 300 Alberta communities and is part of the ATCO Group of Companies. ATCO Group, with more than 8,800 employees and assets of approximately $13 billion, delivers service excellence and innovative business solutions worldwide with leading companies engaged in structures & logistics (manufacturing, logistics and noise abatement), utilities (pipelines, natural gas and electricity transmission and distribution), energy (power generation, natural gas gathering, processing, storage and liquids extraction) and technologies (business systems solutions). More information can be found at www.atco.com. Forward-Looking Information: Certain statements contained in this news release may constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “plan”, “expect”, “may”, “will”, “intend”, “should”, and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The Corporation believes that the expectations reflected in the forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. The Corporation’s actual results could differ materially from those anticipated in these forward-looking statements as a result of regulatory decisions, competitive factors in the industries in which the Corporation operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Corporation. The forward-looking statements contained in this news release represent the Corporation’s expectations as of the date hereof, and are subject to change after such date. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations. Read more…

Sasanof-1 fracture stimulation program successfully completed

Senex Energy Limited (Senex) has successfully completed its pioneering hydraulic fracture stimulation program at the Sasanof-1 unconventional gas exploration well in South Australian Cooper Basin permit PEL 516 (Senex: 100%). Senex is the first company to undertake a multi-zone fracture stimulation on a dedicated unconventional gas exploration well in the liquids-rich southern Cooper Basin. Read more…

AMEC expands service offering in Australia

AMEC, the international engineering and project management company, announces today that it has bought Unidel, a Brisbane-based consulting, engineering and technical services company from its owner-managers for an initial cash consideration of A$27 million. A further A$14 million may be paid over three years, subject to the achievement of stretching profit targets. Read more…

Statoil announces West Qurna 2 exit process completed

Statoil has been a partner with Lukoil in the West Qurna 2 project since the two companies won a competitive bid in 2009. Read more…

Origin Energy announces condamine river gas seepage believed to be naturally occurring

Origin Energy, as Upstream Operator of Australia Pacific LNG, today noted that gas seepage in parts of the Condamine River is not new – according to local knowledge it goes back at least 30 years and naturally occurring gas has been a phenomenon in the Queensland Western Downs region for more than 100 years. Read more…

Aminex announces nyuni area seismic survey launched in Tanzania

Aminex PLC (‘Aminex’ or the ‘Company’), an independent oil company listed on the main market of the London and Irish Stock Exchanges with exploration and development assets in the emerging hydrocarbon province of East Africa, today announces announce commencement of a 335-kilometre 2D seismic survey in the Nyuni Area Licence, offshore Tanzania. Read more…

Crown Point Ventures Ltd. announces the casing of its third El valle well as a potential multizone oil well

Crown Point Ventures Ltd. (TSX VENTURE:CWV) (“Crown Point” or “the Company”) is pleased to announce that the third well (EV 36) of the ten well 2012 drilling program on its El Valle concession in the Golfo San Jorge Basin, Argentina has been cased as a potential multi zone oil well. Read more…

Emerald Bay provides Texas operational update

CALGARY, May 29, 2012 /CNW/ – Emerald Bay Energy Inc.  (TSX Venture: EBY) (the “Corporation” or “Emerald Bay”) is pleased to provide an operational update on recent events. Read more…

BP lifts force Majeure on libyan exploration

BP has lifted Force Majeure in respect of its Libyan Exploration and Production Sharing Agreement (EPSA) with the National Oil Corporation (NOC) effective 15th May 2012. Force Majeure has been in place since 21st February 2011. Discussions between NOC and BP have agreed how the impact of Force Majeure will be mitigated in BP’s existing contract terms. The agreement was signed on 29th May by Dr. Nuri Berruien, Chairman of the NOC, and Felipe Posada, Regional President for BP in North Africa, during a visit to Tripoli with Dr. Michael Daly, BP’s Executive Vice President for Exploration. Read more…

Drillsearch has commenced the 281km2 kaden seismic survey in the Inland-Cook oil fairway ATP 539P

Drillsearch Energy Limited (ASX: DLS) is pleased to announce the beginning of the 281km2 Kaden 3D seismic acquisition in the Inland-Cook Oil Fairway in the southern part of ATP 539P, Southwest Queensland. Drillsearch as operator holds a 100% interest in ATP 539P. Read more…

Origin Energy announces commencement of operations at Geographe gas field

Origin Energy Limited (Origin), on behalf of the VIC/L23 Joint Venture, announces that drilling of the Geographe 2 development well in Victoria’s Otway Basin commenced at 00.30hrs on Tuesday 29 May 2012. Read more…

Abu Dhabi’s Oil Company ADCO selects Redline’s wireless infrastructure to enable instant communications to wellheads

TORONTO, May 29, 2012 /CNW/ – Redline Communications Group Inc. (TSX: RDL) (“Redline” or the “Company”), a leading provider of broadband wireless solutions for machine-to-machine (M2M) communications, today announced that their rugged industrial wireless products were chosen to create a wireless infrastructure for a major oil field operated by the Abu Dhabi Company for Onshore Oil Operations (ADCO) in the United Arab Emirates. Read more…

Ocean Installer awarded subcontract by Saipem

Saipem is contracted to undertake pipelay operations at the Scott Field development, and has subcontracted the installation and recovery of a Pipeline Initiation System, encompassed of suction pile and sheave assembly, to Ocean Installer. Read more…

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