News Archive for Oil and Gas News

Innovative ROMAR Safety System reaches milestone

Aberdeenshire-based oilfield service has company ROMAR International announced the 80th sale of its Packer Management System (PMS). Read more…

DNV unveils its SUNdy floating solar field concept

Many countries are turning to solar technology and renewable energy because of a need for alternative energy sources and environmental concerns.  To help meet these needs, DNV has developed SUNdy, a large-scale offshore solar field concept which launched at Singapore International Energy Week. Read more…

Natural Power’s Geotechnical team expands to meet demand for services on UK wind projects

International renewable energy consultancy Natural Power has doubled the size of its Geotechnical team and associated all terrain drilling hardware to help deliver a rapidly expanding pipeline of UK site investigation work for onshore wind farms. Read more…

Lightway Solar America executes 62.8 MW solar project development pipeline

ISELIN, N.J., Oct. 26, 2012 /PRNewswire/ — Lightway Solar America, Inc. (LSA), the U.S. subsidiary of Lightway Green New Energy Co., Ltd. (LGNE), has announced the execution of 62.8 Megawatts of contracts through their project development subsidiary, Lightway Solar America Project Development, LLC (LWSA PD). Lightway has implemented a sales model in which 11.9 MW of solar panels will be invested into these projects in exchange for equity positions with a commitment from their project partners to purchase the remaining 50.9 MW through executed supply agreements. Read more…

Seadrill reach 65.76% ownership in Asia Offshore Drilling Ltd

Seadrill Limited (“Seadrill”) has today acquired additional 611,449 shares of Asia Offshore Drilling Limited (the “Company”, OSE: AOD). The shares were acquired at a price of NOK 28.71 per share. Following this acquisition, Seadrill will be the owner of 26,302,407 shares in the Company, corresponding to 65.76% of the total number of outstanding shares in the Company. Read more…

Nostra Terra Oil and Gas Company provide Chisholm Trail – 4th well spudded & operations update

Nostra Terra, the AIM quoted oil and gas producer with projects in the USA, is pleased to announce that the fourth horizontal well has been spudded in the Chisholm Trail Prospect, located in Oklahoma.  As announced on 25 October, the third well is also drilling while the first and second wells in the Chisholm Trail Prospect have both finished drilling. Completion operations are now underway on the first and second horizontal wells. Read more…

Solimar reports major increase in Contingent Recoverable Oil Resource

Solimar Energy (TSX VENTURE:SXS)(ASX:SGY) (“The Company” or “Solimar”) is pleased to announce the release of the Contingent Resource Assessment for the Company’s 100% owned Kreyenhagen shallow oil field redevelopment project in the San Joaquin Basin, California. The Independent Resource Assessment was conducted by Sproule Unconventional Limited (Sproule) and is an update to the Company’s 2011 Resource Assessment. The July 31, 2012 Assessment is focused on the shallow Temblor Sandstone heavy oil resource within a portion (225 acres) of the Kreyenhagen Field Administrative Boundary. The report was prepared in accordance with National Instrument 51-101 and can be viewed on the Company’s website: www.solimarenergy.com.au. Read more…

INPEX awarded offshore exploration blocks in the UK continental shelf

INPEX CORPORATION (INPEX) is pleased to announce today that INPEX was successful in the 27th Seaward Licensing Round in UK, and won the three offshore Exploration Blocks in the North Sea jointly with Centrica Resources Limited (Centrica), a subsidiary of Centrica plc, a UK gas and electricity company and Statoil (U.K.) Limited (Statoil), a subsidiary of Statoil ASA, a Norwegian oil company. Read more…

JX Nippon Oil and Gas Exploration Corporation announces newly awarded exploration blocks in the UK North Sea

JX Nippon Oil and Gas Exploration Corporation (President and CEO, Shigeo Hirai) announces that its wholly owned subsidiary, JX Nippon Exploration and Production (U.K.) Limited (President and CEO, Kemmei Nakata,”JXNEPUK”), has been offered eighteen (18) of the newly awarded blocks in the UKCS 27th Offshore Oil and Gas Licensing Round, which was closed on May 2012. Read more…

Carnarvon (Thailand) Ltd announces farmout of L20/50 onshore Thailand

Carnarvon (Thailand) Ltd (55% interest, Operator), wholly owned subsidiary of Carnarvon (ASX:CVN) and Sun Resources NL (ASX:SUR) (45% interest) as Joint Venture partners in the L20/50 Concession, are pleased to announce that they have agreed farmout terms with Siam Moeco Ltd (SML), wholly owned subsidiary of Mitsui Oil Exploration Company (“Moeco”) for the L20/50 Concession. Read more…

Pars Oil & Gas Company announces gas network to carry 700 mcm/d of gas in winter

Managing director of Iranian Gas Transmission Company says the company is prepared to supply more than 700 million cubic meters of gas per day in winter. Read more…

Pars Oil & Gas Company announces NIOC plans to offer pre sale oil bonds, oil offical

Managing director of the National Iranian Oil Company (NIOC) says the company plans to sell crude oil to people in the form of pre-sale oil bonds. Read more…

Pars Oil & Gas Company announces drilling of 3rd appraisal well starts at SP’ Phase 14

Speaking to Shana, Makvand said Pars Oil and Gas Company (POGC) as contractor plans to drill four appraisal wells in the phase of which drilling of two wells have been completed and drilling the third one has been started. Read more…

Lundin Petroleum AB announces Bøyla field approved for development

Lundin Petroleum AB’s (Lundin Petroleum) through its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has received approval from the Norwegian Ministry of Petroleum and Energy of the Plan for Development and Operation (PDO) for the Bøyla field in PL 340, in the Norwegian North Sea. First production from Bøyla is expected in the fourth quarter 2014. Read more…

Adira Energy announces the farm-out of all its offshore licenses

TORONTO, Oct. 26, 2012 /CNW/ – ADIRA ENERGY LTD. (TSXV: ADL) (OTCBB: ADENF) (FRANKFURT: AORLB8).  Adira Energy Ltd. (“Adira” or the “Company”) is pleased to announce that it has entered into a series of agreements to farm out 5% of its working interest in its Gabriella license, 10% of its Yitzhak license, and 10% of its Samuel license to reduce the Company’s future financial commitments on the licenses. 2.5% of Adira’s working interest in Gabriella will be carried. The Company also announces that the Ministry of Energy and Water of the State of Israel (the “Ministry”) has granted a further extension of the date for the execution of a drilling contract on the Samuel license offshore. Read more…

Africa Oil completes farmout with new age and Twiga update

Africa Oil Corp. (“Africa Oil” or the “Company”) (TSX VENTURE:AOI)(OMX:AOI) is pleased to report that it has completed the previously announced (July 23, 2012) farmout agreement with New Age (African Global Energy) Limited (“New Age”) whereby New Age acquired an additional 25% interest in Africa Oil’s Blocks 7 & 8 in Ethiopia, together with operatorship of Blocks 7 & 8 and the Adigala Area. In consideration of the assignment of the interest New Age paid Africa Oil $1.5 million in consideration of past costs. Read more…

Breitling Oil and Gas announces completion operations underway on Breitling-Copper Ridge #1

IRVING, Texas, Oct. 26, 2012 /PRNewswire/ – Breitling Oil and Gas today announced that the Breitling-Copper Ridge #1 in Jones County, Texas is being completed as possible oil and gas producer after reaching a total measured depth of 5,100 feet. Read more…

Endeavour awarded new exploration blocks in the U.K. North Sea

HOUSTON, Oct. 26, 2012 /PRNewswire/ — Endeavour International Corporation (NYSE: END) (LSE: ENDV) today announced that the company has been awarded 7 new licenses, covering ten exploration blocks in the U.K. North Sea. Read more…

Breitling Oil and Gas spuds Breitling-Big Tex #3 well in Nueces County, Texas

RVING, Texas, Oct. 26, 2012 /PRNewswire/ – Breitling Oil and Gas Corporation, an independent exploration and production company based in Irving, Texas, announced today that it has spud the Breitling-Big Tex #3 in Nueces County, Texas as it continues to develop its “Gulf Coast Onshore Initiative” that began in May 2010. Read more…

Qatar oil markets, 2012

Research and Markets (http://www.researchandmarkets.com/research/qktbz3/qatar_oil) has announced the addition of GlobalData’s new report “Qatar Oil Markets, 2012″ to their offering. Read more…

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