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Faroe reports successful Agar/Plantain exploration well

1 day ago DieselGasoil Comments Off on Faroe reports successful Agar/Plantain exploration well
11/15/2018 ABERDEEN — Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce a successful result with the Agar/Plantain exploration and appraisal well in license P1763 (Faroe 25% of Agar/Plantain, 12.5% of the wider license), located in the UK Continental Read More

PGS: Preferred tenderer for vessel sale and long-term cooperation with JOGMEC in Japan

2 days ago DieselGasoil Comments Off on PGS: Preferred tenderer for vessel sale and long-term cooperation with JOGMEC in Japan
November 15, 2018; Oslo, Norway: PGS has as part of a tender process offered to sell the Ramform Sterling to the Japan Oil, Gas and Metals National Corporation (“JOGMEC”) an incorporated administrative agency of Ministry of Economy Trade and Industry. PGS has now been informed that the Company is the preferred tenderer, and negotiations will Read More

Faroe-operated rungne exploration well results show good, bad

2 days ago DieselGasoil Comments Off on Faroe-operated rungne exploration well results show good, bad
11/14/2018 NORWAY — Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, announces the results of the Faroe-operated Rungne exploration well 30/6-30 in the Norwegian North Sea (Faroe 40% working interest). The well encountered a 56 m gross (17 m net) gas/condensate column Read More

U.S. crude oil and natural gas production increased in 2017, with fewer wells

3 days ago DieselGasoil Comments Off on U.S. crude oil and natural gas production increased in 2017, with fewer wells
November 14, 2018 The total number of wells producing crude oil and natural gas in the United States fell to 991,000 in 2017, down from a peak of 1,039,000 wells in 2014. This recent decline in the number of wells reflects advances in technology and drilling techniques. EIA’s updated U.S. Oil and Natural Gas Wells Read More

PGS Awarded Large Contract in South America

3 days ago DieselGasoil Comments Off on PGS Awarded Large Contract in South America
November 14, 2018: Oslo, Norway, PGS (or the “Company”) has entered into a contract for a 3D survey in South America for an undisclosed client. PGS plans to use two Ramform Titan-class vessels for an estimated total duration of approximately 13 vessel months. Acquisition is scheduled to start in the second half of November and Read More

Bengal Energy Announces Calendar 2019 Development Forecast Highlights and Fiscal 2019 Second Quarter Results

3 days ago DieselGasoil Comments Off on Bengal Energy Announces Calendar 2019 Development Forecast Highlights and Fiscal 2019 Second Quarter Results
CALGARY, Alberta, Nov. 13, 2018 (GLOBE NEWSWIRE) — Bengal Energy Ltd. (TSX: BNG) (“Bengal” or the “Company”) today announces its development program for 2019 and financial results for the second quarter of fiscal 2019 ended September 30, 2018. CALENDAR 2019 DEVELOPMENT FORECAST: 2019 Drilling Program – Bengal and its joint venture partners on the ATP Read More

President Energy shares positive Argentina outlook

3 days ago DieselGasoil Comments Off on President Energy shares positive Argentina outlook
11/13/2018 LEEDS, UK — President Energy, the upstream oil and gas company with a diverse portfolio of production and exploration assets focused primarily in Argentina, provides an update on its business in Argentina and in particular the Puesto Flores/Estancia Vieja Concession, Rio Negro Province (90% President and operator, and 10% EDHIPSA, the Provincial energy company). Highlights Read More

ADNOC signs ultra-sour gas concession with Eni

3 days ago DieselGasoil Comments Off on ADNOC signs ultra-sour gas concession with Eni
11/13/2018 Abu Dhabi — The Abu Dhabi government and the Abu Dhabi National Oil Company (ADNOC) have signed the first of a series of concession agreements with Italy’s multi-national oil and gas company, ENI, awarding it a 25% stake in its offshore ultra-sour gas mega project. The Ghasha Concession consists of the Hail, Ghasha, Dalma Read More

ADNOC signs First Hail, Ghasha and Dalma ultra-sour gas concession with Italy’s Eni

3 days ago DieselGasoil Comments Off on ADNOC signs First Hail, Ghasha and Dalma ultra-sour gas concession with Italy’s Eni
11/13/2018 Abu Dhabi — The Abu Dhabi government and the Abu Dhabi National Oil Company (ADNOC) have signed the first of a series of concession agreements with Italy’s multi-national oil and gas company, ENI, awarding it a 25% stake in its offshore ultra-sour gas mega project. The Ghasha Concession consists of the Hail, Ghasha, Dalma Read More

PGS Sells OptoSeis® to Geospace Technologies

4 days ago DieselGasoil Comments Off on PGS Sells OptoSeis® to Geospace Technologies
   November 13, 2018: Oslo, Norway, PGS sells the fiber optic permanent reservoir monitoring solution, OptoSeis®, to Geospace Technologies. Terms of the transaction include an initial cash payment at closing of $1.8 million and contingent cash payments of up to an additional $23.2 million over a five-and-a-half year earn-out period. The contingent cash payments will Read More