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Genel Energy make cretaceous discovery at Peshkabir-2

  Genel Energy plc ('Genel' or 'the Company') notes the announcement made this morning by DNO ASA, as operator of the Tawke licence (Genel 25% working interest).  The Peshkabir-2 well currently drilling on the Tawke PSC has discovered oil in the Cretaceous horizon in the southern flank of the Pes ...

OilVoice Press


Posted 1 month agoPress > Genel EnergycretaceousPeshkabir-2

DNO Makes Cretaceous Oil Discovery at Peshkabir

DNO ASA, the Norwegian oil and gas operator, today announced that the Peshkabir-2 well currently drilling in the Kurdistan region of Iraq has discovered oil in the Cretaceous horizon in the southern flank of the Peshkabir field.   The well flowed at a stable rate of 3,800 barrels of 28 ° API ...

OilVoice Press


Posted 1 month agoPress > DNOPeshkabir-2

Operational update from Genel Energy

Genel Energy plc ('Genel' or 'the Company') issues the following update in respect of the Taq Taq field (Genel 44% working interest). The third and final well of the 2016 Taq Taq drilling programme, TT-16y, has been successfully drilled and completed in the main Shiranish reservoir. The well is nat ...

OilVoice Press


Posted 1 month agoPress > Genel EnergyOperations Update

Trump Says U.S. Should Have Stolen Iraq’s Oil, ‘Maybe We’ll Have Another Chance’

While addressing the CIA on Saturday, President Donald Trump took a break from lambasting the media to remind everyone that he thinks the U.S. should have stolen Iraq's oil. He made the argument numerous times on the campaign trail, suggesting that the U.S. could take Iraq's oil while fighting IS ...

OilVoice Press


Posted 27 days agoLink > Donald TrumpIraq

Petrofac secures US$75 million contract with South Oil Company

Petrofac has secured a contract worth US$75 million from South Oil Company (SOC) for its Iraq Crude Oil Export Expansion Project (ICOEEP). The one-year contract, with a one-year option, was awarded following a competitive tender and Petrofac, as the incumbent, plans to build on its four-year track r ...

OilVoice Press


Posted 2 months agoPress > South Oil CompanyPetrofacICOEEP +1

BP's Rumaila oilfield achieves 3 billion barrel production landmark

Production increased by more than 40% since BP joined partnership to redevelop Rumaila oilfield in 2010 Oil production rate highest in 27 years Around $200 billion generated for the Iraqi economy Production boosted by new technologies, refurbishment of existing assets and one of the largest wat ...

OilVoice Press


Posted 1 month agoPress > BPIraqRumaila

Jacobs awarded contract extension by Saudi Aramco

Jacobs Engineering Group Inc. (NYSE:JEC) announced today it received an amendment from Saudi Aramco for its general engineering services (GES) contract. While officials did not disclose the contract value, the five-year extension builds on the framework of the original contract signed in 2011. Ser ...

Katie Woodward - OilVoice


Posted 2 months agoPress > JacobsSaudi AramcoContract

Wood Group secures multi-million dollar framework agreement with Saudi Aramco

Wood Group has secured a five year, multi-million dollar framework agreement to continue to provide engineering and project management services to Saudi Aramco's onshore capital programmes in the Kingdom of Saudi Arabia. Effective immediately, the contract also includes three, one year extension o ...

OilVoice Press


Posted 1 month agoPress > Wood GroupSaudi Aramco

Cape awarded insulation work packages for Jazan Project in the Kingdom of Saudi Arabia

Cape plc (CIU.LN), an international leader in the provision of critical industrial services to the energy and natural resources sectors, is pleased to announce Cape RB Hilton has been awarded three substantial insulation work packages from Nasser S. Al Hajri Corporation (NSH) for the Jazan project ...

OilVoice Press


Posted 1 month agoPress > CapeSaudi ArabiaKSA +1

Shell to Sell stake in Sadaf Chemicals joint venture in Saudi Arabia to Sabic

Shell and SABIC have signed an agreement whereby SABIC will acquire Shell's 50% share in the petrochemicals SADAF joint venture, located in Jubail, Kingdom of Saudi Arabia for $820 million. The SADAF joint venture encompasses six world-scale petrochemical plants with a total output of more than 4 m ...

OilVoice Press


Posted 27 days agoPress > ShellSadaf ChemicalsSaudi Arabia +1

Exclusive: Cost of pump-at-will oil policy spurred Saudi OPEC U-turn

Sources say the kingdom may have stretched its current limits by extracting a record of around 10.7 million bpd this year, which could be one reason why Riyadh pushed so hard for a global deal to cut production.Riyadh, the world's top oil exporter, felt the burn of cheap oil this year when crude w ...

Adam Marmaras - OilVoice


Posted 2 months agoLink > OPECoil priceSaudi Arabia

Oil hits highest since mid-2015 as OPEC and rivals agree historic deal

LONDON Oil rose by as much as 6.5 percent on Monday to an 18-month high after OPEC and some of its rivals reached their first deal since 2001 to jointly reduce output to try to tackle global oversupply and boost prices.Brent crude futures were up $2.38 at $56.72 per barrel by 1002 GMT, having hit ...

Adam Marmaras - OilVoice


Posted 2 months agoLink > OPECoil price

Oil surges 10pc as OPEC agrees to cut production

The deal brokered at talks in Vienna was achieved after OPEC's largest producer Saudi Arabia gave ground and agreed that Iran — still recovering from trade sanctions — was a special case and would be exempted from the cuts. The deal will reduce output by 1.8MMbd from January 2017 and runs for 6 m ...

Adam Marmaras - OilVoice


Posted 2 months agoLink > OPECoil priceSaudi Arabia +1

Oil prices continue rise as OPEC, Russia agree to cut production

Oil prices have continued their rise after oil producers cartel OPEC and Russia agreed to cut production at a meeting in Vienna yesterday. US stocks have rallied to record highs following the election of Donald Trump as the next US president on optimism about his plans for more infrastructure spe ...

Adam Marmaras - OilVoice


Posted 2 months agoLink > OPECoil priceRussia

Statoil donates 5 million NOK to Red Cross efforts in Syria

Statoil donates 5 million NOK to Red Cross to help the situation of people affected by the war in Syria. Due to the war we are seeing a humanitarian catastrophe in Syria, and especially the situation in the town of Aleppo is critical. In Aleppo thousands of desperate people are living in the midst ...

OilVoice Press


Posted 2 months agoPress > StatoilSyriaRed Cross

Acquisition of Karish and Tanin Natural Gas Fields Offshore Israel by Energean Receives Approval from Israeli Petroleum Council

ATHENS, Greece--(BUSINESS WIRE)--The Petroleum Council of Israel has announced its approval of the acquisition of 100% of the Karish and Tanin Natural Gas Fields by Energean Oil & Gas (“Energean” or “the Company”) from Delek Drilling and Avner. The transaction, estimated to be valued at $148m, is be ...

Katie Woodward - OilVoice


Posted 2 months agoPress > Energean Oil & GasKarishTanin +4

Ithaca Energy - Recommended Takeover by Delek

  Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) ("Ithaca" or the "Company") is pleased to announce that it has entered into a definitive support agreement (the "Agreement") with Delek Group Ltd ("Delek") on the terms of a cash takeover bid for all of the issued and to be issued common shares of Itha ...

OilVoice Press


Posted 13 days agoPress > Ithaca EnergyDelekTakeover bid

Gulf Keystone Petroleum: Shaikan Payment Update

Gulf Keystone confirms today that a gross payment of $15.0 million has been received from the Kurdistan Regional Government for Shaikan crude oil export sales in September 2016. Gulf Keystone and the KRG's Ministry of Natural Resources continue to work towards agreeing the final form of the invoice ...

Katie Woodward - OilVoice


Posted 2 months agoPress > Gulf Keystone PetroleumFinanceKurdistan Regional Government +2

DNO Reports Payment for Tawke Deliveries

Oslo, 5 December 2016 - DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 36.20 million from the Kurdistan Regional Government as payment towards September crude oil deliveries to the export market from the Tawke field. The funds, to be shared pro-rata by DNO and partner Ge ...

Katie Woodward - OilVoice


Posted 2 months agoPress > DNO InternationalFinanceTawke +2

Genel Energy: Receipt of payment for KRI oil exports from Tawke field

Genel Energy plc notes the announcement from DNO ASA, as operator of the Tawke field, that the Tawke field partners have received a payment of $36.20 million from the KurdistanRegional Government for oil sales during September 2016. The payment reflects full settlement of the invoiced amount for Se ...

Katie Woodward - OilVoice


Posted 2 months agoPress > Genel EnergyFinanceKurdistan Regional Government +2
Last fetch 2/19/2017 7:02:49 PM