Oil & Gas Exploration and Production

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Erin Energy Corporation receives government approval for license extension in the Gambia

Friday, 15 May 2015 09:00am EDT

Erin Energy Corporation:Receives executive approval to extend the initial exploration period for blocks A2 and A5 in The Gambia by 24 months to Dec. 31, 2018.Says work program includes the requirement to drill one exploration well in either block during the exploration period.Says Ministry of Petroleum has also approved and will issue the necessary permits to proceed with the Company's planned multi-client 3D seismic data acquisition on blocks A2 and A5.

Baron Oil Plc announces Block XXI onshore Peru Seismic contract signed

Friday, 15 May 2015 02:00am EDT

Baron Oil Plc:Local Subsidiary, Gold Oil Peru SAC, has signed seismic contract with GSS, a Houston based seismic contractor.To acquire, process and interpret 180 kilometres of 2D seismic on Block XXI located onshore northwest Peru.Total cost of this work is fixed at $1.5 mln and is subject to EIA approval from Peruvian Government.

Alpha PetroVision Holding AG earns $5.3 mln from sale of licensing rights

Thursday, 14 May 2015 08:00pm EDT

Alpha PetroVision Holding AG:Earns $5.3 million from sale of licensing rights.Has auctioned off its remaining 50 pct of gross overriding royalty interests in production of Paul Prospect Oil Field in Weld County, Colorado, for $5.3 million.

Condor Petroleum Inc receives Zharkamys contract extension

Monday, 27 Apr 2015 05:39pm EDT

Condor Petroleum Inc:Approves an extension to the Zharkamys West 1 exploration contract for ten months until Dec. 14, 2016.Zharkamys exploration contract will be amended in due course.

Petroceltic International Plc receives Rig Contract

Monday, 27 Apr 2015 02:00am EDT

Petroceltic International Plc:Receives a contract for the provision of a drilling rig between Groupement Isarene and SINOPEC International Petroleum Service Corporation for the Ain Tsila gas and condensate field.

EnerGulf Resources Inc receives extension for lotshi block

Tuesday, 14 Apr 2015 07:30am EDT

EnerGulf Resources Inc:Says receipt of letter of extension granted from Government of Democratic Republic of Congo (DRC), whereby extending first five year period of production sharing contract between government and EnerGulf Africa Ltd for the Lotshi Block.Says Exploration Permit is extended into February 2016, with the expectation of the drilling of at least one well in upcoming year.The Extension represents the Company's strong relationship with DRC.Company will be reviewing its plan of action and timeline with Office of the Minister of Hydrocarbons over the coming days.Company continues to hold discussions with numerous operational and financial participants; and is looking forward to drilling on the Lotshi Block in accordance with Extension.

Transportadora de Gas del Sur SA signs deal for LPG with Petrobras Global Trading

Monday, 13 Apr 2015 05:16pm EDT

Transportadora de Gas del Sur SA:Signs deal for liquefied petroleum gas with Petrobras Global Trading B.V. destined for export.

Petroleos Mexicanos signs agreement with BlackRock and First Reserve

Thursday, 26 Mar 2015 03:59pm EDT

Petroleos Mexicanos:Signs agreement with BlackRock and First Reserve to acquire a combined stake of 45 pct, amounting to around $900 mln in Los Ramones II gas pipeline project.For BlackRock this is a first investment in infrastructure in Mexico.

Karoon Gas Australia Ltd signsrig contract for Levitt-1 exploration well

Monday, 23 Mar 2015 11:40pm EDT

Karoon Gas Australia Ltd:Announces that a semi-submersible drilling rig has been contracted to drill the first well for Apache and Karoon in the northern Carnarvon Basin exploration permit WA-482-P.Says the Levitt-1 exploration well is expected to spud during May.Says the net to Karoon dry hole cost is estimated to be about $5 million.

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