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Providence Resources P.l.c. – Licence Update – Avalon – Approval of Conversion to Frontier Exploration Licence 2/19

6 hours ago DieselGasoil Comments Off on Providence Resources P.l.c. – Licence Update – Avalon – Approval of Conversion to Frontier Exploration Licence 2/19
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION LICENCE UPDATEAVALONAPPROVAL OF CONVERSION TO FRONTIER EXPLORATION LICENCE 2/19 Dublin and London – January 18, 2019 – Providence Resources P.l.c. (PVR LN, PRP ID), the Irish based Oil and Gas Exploration Company (the “Company”), today provides an update on Licensing Option (“LO”) 16/27, operated by TOTAL E&P Ireland B.V. (“TOTAL”) Read More

Pragma's Downhole Steam Injection Valve takes next step towards North Sea reality

15 hours ago DieselGasoil Comments Off on Pragma's Downhole Steam Injection Valve takes next step towards North Sea reality
1/17/2019 Concept image: Pragma’s Downhole Steam Injection Valve. ABERDEEN — Aberdeen-based oil and gas production technology business, Pragma Well Technology, has been given the green light by Pharis Energy and OGTC to progress with the manufacture and prototype testing of their Downhole Steam Injection Valve (DSIV) following a successful feasibility study. Using advanced materials, detailed Read More

Petrobras has published its 2018 oil, natural gas production

2 days ago DieselGasoil Comments Off on Petrobras has published its 2018 oil, natural gas production
1/16/2019 Drillship. Photo: Andre Ribeiro. RIO DE JANEIRO —  Petrobras reports that in 2018, its total production of oil and gas, including natural gas liquids (NGL), was 2.63 MMboed, of which 2.53 MMboed produced in Brazil and 101,000 boed abroad. Petrobras’ own production of oil in Brazil was 2.03 MMbpd. The annual average of the Read More

Apache and Altus Midstream Announce New Altus Midstream CEO

2 days ago DieselGasoil Comments Off on Apache and Altus Midstream Announce New Altus Midstream CEO
HOUSTON, Jan. 16, 2019 (GLOBE NEWSWIRE) — Apache Corporation (NYSE, Nasdaq: APA) and Altus Midstream Company (“Altus”) (Nasdaq: ALTM) today announced the appointment of Clay Bretches as CEO of Altus Midstream, effective immediately. Bretches will also serve as a member of the Altus board of directors and as Apache’s senior vice president, U.S. Midstream Operations. Read More

Jones Energy, Inc. Declares Contingent Convertible Preferred Stock Dividend

2 days ago DieselGasoil Comments Off on Jones Energy, Inc. Declares Contingent Convertible Preferred Stock Dividend
AUSTIN, Texas, Jan. 16, 2019 (GLOBE NEWSWIRE) — Jones Energy, Inc. (OTCQX: JONE) (“Jones Energy” or “the Company”) today announced that its Board of Directors has declared a contingent quarterly dividend per share equal to 8.0% on an annualized basis based on the liquidation preference of $50.00 per share, or $1.00 per share, on the Read More

QEP Resources said to work with Evercore on sale process

2 days ago DieselGasoil Comments Off on QEP Resources said to work with Evercore on sale process
By Kiel Porter and Scott Deveau on 1/16/2019 Photo: Pump jack in San Andreas, Permian Basin. NEW YORK (Bloomberg) — QEP Resources Inc. — the energy explorer Elliott Management Corp. proposed to buy last week — is working with Evercore Inc. to explore a sale, according to people familiar with the matter. Its shares rose Read More

Terra Nova to Exhibit at NAPE 2019 Summit in Houston, Texas

2 days ago DieselGasoil Comments Off on Terra Nova to Exhibit at NAPE 2019 Summit in Houston, Texas
TORONTO, Jan. 16, 2019 (GLOBE NEWSWIRE) — Terra Nova Resources Inc. (“TNR” or “the Company”) (CSE: TENO) is pleased to announce that it will participate in the 2019 North American Prospect Expo (NAPE) as an exhibitor in Houston, Texas between February 11 to 15, 2019. NAPE is the oil and gas industry’s marketplace for acquiring, Read More

Pulse Seismic Inc. Announces Acquisition of Seitel Canada Ltd.

3 days ago DieselGasoil Comments Off on Pulse Seismic Inc. Announces Acquisition of Seitel Canada Ltd.
CALGARY, Alberta, Jan. 15, 2019 (GLOBE NEWSWIRE) — Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or “the Company”) is pleased to announce that it has today completed the acquisition of Seitel Canada Ltd. Pursuant to the terms of the acquisition (the “Acquisition”), Pulse acquired 100% of the shares of Seitel Canada Ltd. (“Seitel”), for initial cash Read More

Athabasca Oil Corporation Closes $265 Million Leismer Infrastructure Transaction

3 days ago DieselGasoil Comments Off on Athabasca Oil Corporation Closes $265 Million Leismer Infrastructure Transaction
CALGARY, Alberta, Jan. 15, 2019 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) has closed the previously announced Leismer Infrastructure Transaction with Enbridge Inc. for $265 million cash consideration. Transaction proceeds are approximately 50% of Athabasca’s market capitalization and significantly bolster the Company’s liquidity, reduce net debt and improve financial resiliency. Read More