Monthly Archives: February 2018

PetroQuest Energy Releases Results From Cotton Valley Wells

PetroQuest Energy Inc. (NYSE: PQ) released the latest results from its horizontal Cotton Valley drilling program in East Texas on Feb. 20. The company recently completed two wells (PQ #29 - 52% NRI and PQ #30 - 59% NRI), which established a cumulative maximum 24-hour gross daily rate of 18,385 million cubic feet (MMcf) of gas, 1,354 barrels (bbl) of ...

Source: Oilandgasinvestor.com Feeds

TransCanada’s baffling clumsiness is crushing some excellent natural gas producers

“Kindly let me help you or you’ll drown,” said the monkey, putting the fish safely up in a tree. Maybe TransCanada has been worn down by the demented pipeline approvals process. Maybe they’re an $80 billion dollar company that sees things differently than when Western Canada was of significance. Maybe they’re down in Phoenix, so [Read More…]

Source: Headlines – BOE Report

Tanzania’s new mining law will compel foreign companies to boost local financial firms

Mine workers sit around a pit where three of their colleagues remained trapped underground after floods swept through pits in Manyara region, which is the only place where the blue gemstone tanzanite is found in Tanzania March 31,2008. Hopes are slim of finding 66 miners trapped in gemstone pits that flooded in northern Tanzania over the weekend, a local legislator said on Monday. Rescue workers have said they found several bodies on Sunday in the privately-owned mine in Mererani, which was flooded on Saturday after a heavy seasonal downpour.

Tanzania is set to overhaul its extractive industry after the government passed a new law that posits strict guidelines for foreign companies.

The new law gives companies three months to comply with the regulations, while also making them apprise the government of how they are enacting these changes. As part of reform, the government wants to enhance the competitiveness of ...

Source: Energy Shocks – Quartz

Standard Lithium Provides California Lithium Exploration Update

VANCOUVER, British Columbia, Feb. 20, 2018 (GLOBE NEWSWIRE) — Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSX-V:SLL) (OTCQX:STLHF) (FRA:S5L) is pleased to provide an update of the exploration program that is in full swing at the Company’s California Lithium Properties.  The Company and their drilling contractors have now completed six exploration boreholes across the [Read More…]

Source: BOE Report

We caught up with some of the 2017 Global Petroleum Show Award Winners – here’s where they are now

Since the launch of the Global Petroleum Show Awards in 2014, the program has shined a spotlight on technological advancements and environmental initiatives in the energy industry on a global stage at the annual conference and exhibition. Through one of the most impactful oil price downturns in history, the program continued to celebrate the successes [Read More…]

Source: BOE Report

Oil markets mixed as U.S crude, Brent move in opposite directions

Oil markets were split on Tuesday, with U.S. crude still carrying momentum from Friday's gains due to a holiday on Monday while international Brent prices eased. U.S. West Texas Intermediate (WTI) crude futures were at $62.31 a barrel at 0740 GMT, up 63 cents, or 1 percent, from their last settlement. A holiday in the [Read More…]

Source: BOE Report

International Petroleum Corporation Capital Markets Day 2018

VANCOUVER, British Columbia, Feb. 20, 2018 (GLOBE NEWSWIRE) — International Petroleum Corporation (IPC) (TSX:IPCO) (Nasdaq First North:IPCO) is pleased to announce that the annual Capital Markets Day will be held in Stockholm, Sweden on Monday, February 26, 2018. Dial-in numbers for participants are as follows: North America: +1 855 269 2605 UK: +44 203 19 [Read More…]

Source: BOE Report

Statoil’s share saving plan allocates shares

The shares purchased by DNB on behalf of Statoil ASA (OSE: STL, NYSE:STO) on 15 February 2018 for use in the group's Share Saving Plan have on 20 February 2018 been distributed to the employees in accordance with their savings amount.

Source: Statoil - Vacant positions

The post Statoil’s share saving plan allocates shares appeared first on Wild Well Entertainment's Employment Portal.

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Ecopetrol reports on the subscription of the Declaration of the Nation in its role as Majority Shareholder

BOGOTÁ, Colombia, February 20, 2018 /CNW/ — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports that on February 16, 2018, the Colombian Ministry of Finance and Public Credit subscribed the Declaration of the Nation in its role as Majority Shareholder of Ecopetrol S.A. for a 10 year term. In this declaration the Nation acquires commitments as [Read More…]

Source: BOE Report

Vista Oil & Gas to Acquire Argentine Oil & Gas Assets

MEXICO CITY, Feb. 19, 2018 /PRNewswire/ — Vista Oil & Gas, S.A.B. de C.V. (“Vista”) (BMV: VISTA), the first Mexican pure E&P listed company in the Mexican Stock Exchange, today announced that it has agreed to acquire a fully operational oil & gas platform from Pampa Energía S.A. (“Pampa”) and Pluspetrol Resources Corporation (“Pluspetrol”) with [Read More…]

Source: BOE Report

Helix Reports Fourth Quarter 2017 Results

HOUSTON–(BUSINESS WIRE)–Helix Energy Solutions Group, Inc. (NYSE: HLX) reported net income of $50.6 million, or $0.34 per diluted share, for the fourth quarter of 2017 compared to a net loss of $54.4 million, or $(0.46) per diluted share, for the same period in 2016 and net income of $2.3 million, or $0.02 per diluted share, [Read More…]

Source: BOE Report

Canada’s Oil Crisis Continues To Worsen

Canadian oil producers can’t get a break. First it was the pipelines — there are not enough of them to carry the crude from Alberta’s oil sands to export markets. This pipeline capacity problem has been forcing producers to pay higher rates for railway transportation, which has naturally hurt their margins in no small way. Now, there is a shortage ...

Source: Oilprice.com

Superior Energy Services Announces Fourth Quarter and Full Year 2017 Results

HOUSTON, Feb. 19, 2018 (GLOBE NEWSWIRE) — Superior Energy Services, Inc. (the “Company”) today announced net income from continuing operations for the fourth quarter of 2017 of $21.9 million, or $0.14 per diluted share, on revenue of $497.0 million.  This compares to a net loss from continuing operations of $57.2 million, or $0.37 per share [Read More…]

Source: BOE Report

Is The Yamal LNG Project Overhyped?

In December 2017, Novatek launched its much-praised Yamal LNG in the Arctic Circle. Despite difficult permafrost conditions and financial limitations imposed by U.S. sanctions, Yamal LNG was finished on time and on budget. Claims have been made that Yamal LNG will be directed to the Asian market, however, there are several factors that limit its turn to the Asia-Pacific. ...

Source: Oilprice.com

Stena Wins Semisub Contracts Offshore Australia, UK (Monday, 19 February 2018)

Stena Drilling has secured a contract from Timor Sea Oil & Gas Australia Pty Ltd., a subsidiary of Northern Oil & Gas Australia Pty Ltd. for the semisubmersible Stena Clyde.

The campaign is expected so start around April/May and last for about 30 days.

@[email protected]

The semisub has been warm stacked in Darwin, Australia.

In addition, following a competitive ...

Source: The latest Oil and Gas Industry News - from oilandgaspeople.com

Garlock Launches GYLON EPIX™, Combines Best of 1/16″ and 1/8″ Gaskets

PALMYRA, N.Y., Feb. 19, 2018 /CNW/ — Garlock, a leading manufacturer of high-performance fluid sealing products, has announced the launch of GYLON EPIX™. The patented next generation in PTFE gasketing features a hexagonal surface profile with superior compressibility and sealing for use in chemical processing environments. GYLON EPIX™ will be available in one universal thickness [Read More…]

Source: BOE Report

B.C. challenges Alberta’s ban on wine over pipeline expansion dispute

VANCOUVER – The British Columbia government has launched a formal challenge against Alberta’s ban on its wines. B.C. said Monday it has notified Alberta that it is formally requesting consultations under the Canadian free trade agreement’s dispute settlement process. Trade Minister Bruce Ralston said Alberta’s actions threaten the livelihood of the families that have worked [Read More…]

Source: BOE Report

Saudis Advance Nuclear Power Plans

Saudi Arabia is in talks with 10 countries that could help it advance its ambitious nuclear power plans should the United States refuse to do that, the Kingdom’s Foreign Minister Adel al-Jubeir said at the Munich Security Conference. Cooperation with the U.S. in the field of nuclear power is only possible for countries that sign the so-called 123 agreement, ...

Source: Oilprice.com

Hezbollah Threatens Attacks Against Israeli Offshore Oil & Gas Operations (Monday, 19 February 2018)

Hezbollah Secretary General Sayyed Hassan Nasrallah has threatened to attack Israel’s offshore oil and gas exploration and drilling operations in yet another escalation in the two countries’ increasingly hostile war of words.

During a televised address in Beirut on Friday, Nasrallah said Hezbollah could “disable [Israel’s offshore oil installations] within hours.”

“If you prevent us, we prevent you; if ...

Source: The latest Oil and Gas Industry News - from oilandgaspeople.com

In Year of Trump, Climate Science Denial Group GWPF sees Membership Income Double

Nigel Lawson

The UK’s main climate science denier thinktank has seen its income from membership fees double over the last year, its latest accounts show.

The Global Warming Policy Foundation (GWPF) has consistently argued against the climate science consensus and was set-up by former Chancellor Nigel Lawson to combat what it describes as “extremely damaging and harmful policies” designed to ...

Source: DeSmogBlog

Mansfield Energy’s Strategic DEF Supplier, Yara International ASA, Opens World’s Largest DEF Production Facility

GAINESVILLE, Ga., Feb. 19, 2018 /PRNewswire/ — Mansfield Energy Corp, a leading North American energy supply and logistics provider, announced today Yara International ASA, Mansfield’s strategic supplier of DEF (diesel exhaust fluid), has opened the world’s largest DEF plant in Brunsbüttel, Germany. DEF is a fluid used to remove harmful NOx emissions from diesel engines and [Read More…]

Source: BOE Report

Sabine Pass, the only liquefied natural gas (LNG) export facility in the country, has reportedly been experiencing safety issues for the past decade, and yet federal safety officials were only informed of this history while investigating the terminal’s latest leak in January.

Sabine Pass, the only liquefied natural gas (LNG) export facility in the country, has reportedly been experiencing safety issues for the past decade, and yet federal safety officials were only informed of this history while investigating the terminal's latest leak in January.

Safety Officials Order Partial Shutdown of Sabine Pass LNG Export Facility After Discovering 10-Year History of Leaks

Sabine ...

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