Verus Announces Signing of SPA for the Acquisition of Cieco Exploration & Production (UK) Limited
Verus Petroleum has announced today 20 September 2018, that it has signed a Sale & Purchase Agreement (SPA) for the acquisition of Cieco Exploration & Production (UK) Limited, a wholly owned subsidiary of ITOCHU Corporation. The consideration is $400 million (USD) with an economic date of 1 Januar ...Aker Awarded £45m Contract by Petrobras for Brazil Offshore Units
Norwegian oil services company Aker Solutions has been awarded a contract by Petrobras, the multinational petroleum corporation, for modifications and maintenance work on nine offshore platforms in the Campos Basin of Brazil. Credible sources claim that it is apparently a three-year contract valued ...Markets Have De-Valued Oil Prices: How Long Will It Last?
Comparative inventory: The most important approach to oil & gas price formation Comparative Inventory (C.I.) is the difference between current stock levels of crude oil & select refined products, and their 5-year average. C.I. has accurately predicted most of the changes in oil pric ...Art Berman - The Petroleum Truth Report
Transocean Norge to Drill for Equinor
Equinor has awarded Transocean a contract for drilling six wells on the Norwegian continental shelf (NCS) by use of the Transocean Norge mobile rig. Drilling start-up is scheduled for the summer of 2019. The rig has also been awarded a contract option for drilling four additional wel ...
Aker BP ASA, operator of production licence 028 B, has concluded the drilling of appraisal wells 25/10-16 S, A and C on the Hanz field, as well as wildcat well 25/10-16 B drilled in production licence 915 just southeast of the Hanz field. The wells were drilled about 14 kilometres north of the Iv ...Oil Price, Savannah, SDX, Soco, RockRose, Reabold, Petro Matad, Providence,aAnd Finally…
WTI $70.80 -32c, Brent $78.70 -70c, Diff -$7.90 -38c, NG $2.98 +7c Oil Price As we discussed earlier in the week, the Opec+ meeting occurs on Sunday in Algeria and participants have been doing a bit of pre-meeting position taking. Yesterday it was President Trump and he's not even at the meet ...Malcolm Graham-Wood - Malcy's Blog
HOUSTON, Sept. 20, 2018 /PRNewswire/ -- Global recruitment and workforce solutions provider Fircroft and international engineering and commissioning services provider GATE Energy, have joined forces to create a Kazakhstan-focused joint venture. The move comes as GATE Energy seeks to broaden the ge ...Tower Resources: South Africa Update – Farm-out Process
Tower Resources plc (the "Company" or "Tower" (TRP.L, TRP LN)), the AIM-listed oil and gas company with its focus on Africa, is pleased to provide the following update on its Algoa-Gamtoos licence in South Africa, in which the Company holds a 50% interest through its wholly owned subsidiary Rift Pe ...Decom Challenges Addressed at Operator/Supply Chain Event
At its inaugural Collaboration and Innovation in Decommissioning event earlier this month, Decom North Sea brought together over 110 delegates – from operator and supply chain companies – to focus upon finding solutions to current and future decommissioning challenges. Working with the Oil and Gas ...MacroVoices Podcast: The Market Has De-Valued the Oil Price Yield Curve
The market has de-valued the oil price yield curve Erik Townsend and Patrick Ceresna welcome Art Berman back to MacroVoices. Erik and Art discuss: Comparative inventory on oil Inventory correlation to price Price cycles and the oil-price yield curve Impact of U.S. exporting oil Tren ...Art Berman - The Petroleum Truth Report
South Africa Update – Farm-out Process
Tower Resources plc (the "Company" or "Tower" (TRP.L, TRP LN)), the AIM-listed oil and gas company with its focus on Africa, is pleased to provide the following update on its Algoa-Gamtoos licence in South Africa, in which the Company holds a 50% interest through its wholly owned subsidiary Rift Pe ...Pemex and Block 7 Consortium Sign Pre-Unitization Agreement
MEXICO CITY, Sept. 21, 2018 /PRNewswire/ -- Petróleos Mexicanos (Pemex) and Talos Energy (NYSE:TALO), as operator of the Block 7 Consortium, are pleased to announce that Pemex and the international Block 7 Consortium (Talos Energy, Sierra Oil and Gas, and Premier Oil) have signed a Pre-Unitization ...Industry Awards Set to Inspire Next Generation
STEM initiatives, training and educational events aimed at inspiring the next generation will once again be supported and highlighted by the Offshore Achievement Awards (OAAs). Operated by The Society of Petroleum Engineers (SPE) Aberdeen Section, the biggest and longest-established oil, gas and re ...Africa Energy - Market Announcement
VANCOUVER, Sept. 21, 2018 /CNW/ - Africa Energy Corp. (TSX Venture: AFE) (Nasdaq First North: AEC) ("Africa Energy" or the "Company") acknowledges the stock trading halt in Pancontinental Oil and Gas NL (ASX: PCL) ("PCL") today pending an announcement regarding the Cormorant-1 well offshore the R ...Seasonality in Brazilian Petroleum Liquids Production is Driven by Biofuels
Source: U.S. Energy Information Administration, International Energy Statistics , and Short-Term Energy Outlook Brazil's ethanol output is seasonal and typically peaks during the fourth quarter (October–December) of each year. The peak coincides with the harvest of sugarcane, the primar ...
Our Finite World: The World’s Fragile Economic Condition – Part 1
Gail Tverberg
Seasonality in Brazilian Petroleum Liquids Production is Driven by Biofuels
OilVoice Press
Oil Price, Savannah, SDX, Soco, RockRose, Reabold, Petro Matad, Providence,aAnd Finally…
Malcolm Graham-Wood
Markets Have De-Valued Oil Prices: How Long Will It Last?
Art Berman
MacroVoices Podcast: The Market Has De-Valued the Oil Price Yield Curve
Art Berman
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