E.ON acquires 24.5 percent of Brazil’s MPX

E.ON SE today closed the transaction to acquire 24.5 percent of MPX’s equity from Eike Batista, owner and CEO of EBX. E.ON acquired 141,544,637 shares of MPX stock for a minimum price of R$10.00 (€3.921) per share plus up to a further R$ 1 (€0.391) per share depending upon the final […]

MGM Energy Corp. announces surrender of Mackenzie Delta exploration licences

MGM Energy Corp. (”MGM Energy” or the “Company”) (TSX:MGX) announced today that it has surrendered to the Crown its exploration licences (”EL”) in the Mackenzie Delta region. Effective May 29, 2013, MGM Energy has surrendered to the Crown EL456, EL457, EL458 and EL459, currently scheduled to expire in January 2016, and […]

Gulf Keystone Petroleum Ltd. announces commercial discovery in Ber Bahr-1 exploration well

Gulf Keystone notes today’s announcement by Genel Energy plc (”Genel Energy”), regarding a commercial oil discovery at the Ber Bahr-1 exploration well on the Ber Bahr block in the Kurdistan Region of Iraq.

Hallin Ullswater takes centre stage in new project at Natuna gas field, Indonesia

Hallin Marine, a Superior Energy Services company, announces its return to the Natuna gas field off Indonesia. The project, for a major engineering procedure construction, installation and commissioning contractor, will be executed using the Ullswater subsea operations vessel. Total project value is approximately US$6 million.

Crocotta Energy announces Edson facility commissioned and summer drilling program has commenced

Crocotta Energy Inc. (”Crocotta” or the “Company”) (TSX:CTA) is pleased to announce the following:

Statoil announces fast-track development of Delta 2

Together with its partners, Statoil has submitted its plan for the development and operation (PDO) of the Delta 2 field in the North Sea.

Technip awarded contract for a new calcination unit for a coker project in Abu Dhabi

Technip was awarded a significant contract(1) comprising technology, engineering services and supply of core equipment for Abu Dhabi Oil Refining Company – Takreer’s new coke calcination unit. This new unit is part of the Carbon Black & Delayed Coker project being implemented adjacent to Takreer’s existing Ruwais refinery located in […]

Daybreak drills two more successful wells at California oil project

SPOKANE, Wash., May 29, 2013 /PRNewswire/ – Daybreak Oil and Gas, Inc. (OTCBB: DBRM) (”Daybreak” or the “Company”), a Washington corporation, is pleased to announce the results of the fourth and fifth wells in the current drilling program at the East Slopes Project in Kern County, California.  The Sunday #6 well was […]

Maersk Oil UK Gryphon FPSO back in production

The Gryphon FPSO is back in production following a major overhaul of the vessel. Once all the associated fields are fully operational over the coming months, production will ramp up in excess of 20,000 barrels of oil equivalent a day (boepd). Production from Gryphon is expected to continue for the next […]

Rosneft agree with INPEX on joint offshore operations

Rosneft signed a cooperation agreement with INPEX CORPORATION (INPEX) to jointly explore license offshore blocks Magadan-2 and Magadan-3 in the Russian section of the Sea of Okhotsk. Estimated recoverable resources of the two blocks stand at 1,577 million tonnes of oil equivalent.