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Repsol makes significant gas discovery in Indonesia

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By Andrew Harwood, Wood Mackenzie on 2/19/2019 SINGAPORE — SKK Migas has confirmed a gas discovery at the Repsol-operated Sakakemang PSC, onshore Central Sumatra, Indonesia, according to Wood Mackenzie’s research director Andrew Harwood.  Repsol’s Kali Berau Dalam-2 well re-entered after well control problems in late 2018, having targeted the Pre-Tertiary fractured basement play. Prior to Read More

Licence Update – Avalon Prospect – Porcupine Basin

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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION LICENCE UPDATEAVALON PROSPECTPORCUPINE BASIN   JV PARTNERS LICENCE NEW 3D SEISMIC DATA OVER AVALON PROSPECT Dublin and London – February 18, 2019 – Providence Resources P.l.c. (PVR LN, PRP ID), the Irish based Oil and Gas Exploration Company, today provides an update on Frontier Exploration Licence (“FEL”) 2/19, operated by Read More

TransGlobe Energy Corporation Announces an Addition to the Executive Management Team and Recent Management Changes

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CALGARY, Alberta, Feb. 18, 2019 (GLOBE NEWSWIRE) — TransGlobe Energy Corporation (“TransGlobe” or the “Company”) announces an addition to the executive management team and recent management appointments. EXECUTIVE MANAGEMENT ADDITION Following a robust executive search, the Company is very pleased to announce that Geoffrey (Geoff) Probert has accepted an offer to join the Company as Read More

BHP approves Atlantis Phase 3 project

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2/13/2019 Photo: BHP. MELBOURNE, Victoria — The BHP Board has approved $696 million (BHP share) in funding to develop the Atlantis Phase 3 project in the U.S. Gulf of Mexico. This follows sanction by BP, as the operator, of the Atlantis Phase 3 project, announced in January 2019. Atlantis Phase 3 is located in the Read More

International Petroleum Corporation 2018 Year-End Financial Results and 2019 Budget, Production and Resource Guidance

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TORONTO, Feb. 12, 2019 (GLOBE NEWSWIRE) — International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) today released its financial and operating results and related management’s discussion and analysis (MD&A) for the year ended December 31, 2018.(1) IPC is also pleased to announce its 2019 capital expenditure budget range of between USD 146 Read More

Petrofac secures UK well service agreement

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2/11/2019 Photo: Offshore operations, Petrofac. SAINT HELIER, Jersey — Petrofac’s Engineering and Production Services (EPS) business has added to its growing well engineering portfolio with the award of a contract from independent exploration and production company, Siccar Point Energy. The three-year agreement, which includes options to extend, is estimated to be worth up to $95 Read More

VAALCO Energy Announces 76% Increase in Proved Reserves at Year-End 2018 and a 2019 Drilling Program to Include Up to Three Development Wells Funded With Cash on Hand and Cash From Operations

1 week ago DieselGasoil Comments Off on VAALCO Energy Announces 76% Increase in Proved Reserves at Year-End 2018 and a 2019 Drilling Program to Include Up to Three Development Wells Funded With Cash on Hand and Cash From Operations
HOUSTON, Feb. 11, 2019 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY) today announced 2018 year-end reserves and plans for drilling in 2019. Highlights Produced an average of 3,750 barrels of oil per day (“BOPD”) net in 2018 and sold 1.44 million barrels of oil (“MMBO”) net to the Company in 2018 Increased year-end proved Read More

Parex Resources Announces 24% Growth in Proved Developed Producing Reserves

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CALGARY, Alberta, Feb. 07, 2019 (GLOBE NEWSWIRE) — Parex Resources Inc. (“Parex” or the “Company”) (TSX:PXT) is pleased to announce the results of its annual independent reserves assessment as at December 31, 2018.   The financial and operational information contained below is based on the Company’s unaudited expected results for the year ended December 31, 2018.  Read More

Wentworth Resources Plc : Upcoming delisting from the Oslo Stock Exchange

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PRESS RELEASE 6 February 2019 WENTWORTH RESOURCES PLC(“Wentworth” or the “Company”) Upcoming delisting from the Oslo Stock Exchange Wentworth, the Oslo Stock Exchange (OSE: WEN) and AIM (AIM: WEN) listed independent, East Africa-focused oil & gas company refers to the announcement published on 30 November 2018 regarding the delisting of the Company’s shares (in the Read More