newszine

Alta Mesa Resources Provides Operational and Financial Update; Receives NASDAQ Notice Regarding Non-Compliance With Continued Listing Standards; Alta Mesa Holdings Files Form 10-K

3 days ago DieselGasoil Comments Off on Alta Mesa Resources Provides Operational and Financial Update; Receives NASDAQ Notice Regarding Non-Compliance With Continued Listing Standards; Alta Mesa Holdings Files Form 10-K
HOUSTON, Texas, May 17, 2019 (GLOBE NEWSWIRE) — Alta Mesa Resources, Inc. (NASDAQ: AMR, “Alta Mesa” or the “Company”) today provided an operational and financial update for its subsidiaries Alta Mesa Holdings, LP (“Alta Mesa Upstream”) and Kingfisher Midstream, LLC (“Kingfisher Midstream”) and announced that Alta Mesa Upstream has filed its Annual Report on Form Read More

KKR and Spur Energy Partners join forces to acquire production assets across the U.S.

4 days ago DieselGasoil Comments Off on KKR and Spur Energy Partners join forces to acquire production assets across the U.S.
5/16/2019 HOUSTON — Spur Energy Partners LLC and KKR, a leading global investment firm, has announced the formation of a partnership to acquire large, high-margin oil and gas production and development assets across the Lower 48. The companies also announced the signing of a definitive agreement to acquire the Permian Northwest Shelf assets of Percussion Read More

Camber Energy’s Lineal Star Holdings has entered into an LOI to purchase an engineering and procurement firm

5 days ago DieselGasoil Comments Off on Camber Energy’s Lineal Star Holdings has entered into an LOI to purchase an engineering and procurement firm
5/15/2019 HOUSTON — Camber Energy, Inc., based in Houston, Texas, has announced that Lineal Star Holdings, the acquisition target which Camber is seeking to acquire (individually, or through its subsidiaries) pursuant to its previously disclosed non-binding letter of intent, has signed a non-binding letter of intent to purchase a Houston based engineering and procurement firm. Read More

Pipestone Energy Corp. Reports First Quarter 2019 Results and Gives an Operations Update

5 days ago DieselGasoil Comments Off on Pipestone Energy Corp. Reports First Quarter 2019 Results and Gives an Operations Update
CALGARY, Alberta, May 15, 2019 (GLOBE NEWSWIRE) — (PIPE – TSX-V) Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) is pleased to report its Q1 2019 financial and operational results and provide a progress report on its 2019 development program. The Company has filed its unaudited financial statements and related management’s discussion and analysis (“MD&A”) Read More

ClearStream Announces First Quarter 2019

6 days ago DieselGasoil Comments Off on ClearStream Announces First Quarter 2019
CALGARY, Alberta, May 15, 2019 (GLOBE NEWSWIRE) — ClearStream Energy Services Inc. (“ClearStream” or the “Company”, TSX: CSM and CSM.DB.A) today announced its results for the three months ended March 31, 2019. “EBITDAS” and “Adjusted EBITDAS” are not standard measures under IFRS. Please refer to the “Non-IFRS measures” section of this release for a description Read More

Rovuma LNG development plan approved by Mozambique government

6 days ago DieselGasoil Comments Off on Rovuma LNG development plan approved by Mozambique government
5/14/2019 MAPUTO, Mozambique — Mozambique Rovuma Venture has said that the government of Mozambique had approved its development plan for the Rovuma LNG project, which will produce, liquefy and market natural gas from three reservoirs of the Mamba complex located in the Area 4 block in the Rovuma basin, two of which straddle the boundary Read More

Unity launches first multi-functional shallow intervention system to secure major cost savings

6 days ago DieselGasoil Comments Off on Unity launches first multi-functional shallow intervention system to secure major cost savings
5/14/2019 Photo: SIS with a bridge plug prior to settin. ABERDEEN — Unity, provider of well integrity technology, services and engineering solutions, has launched the industry’s first multi-functional, near-surface intervention system following a successful commercial project for a major operator in Northwest Africa. In its first deployment, the Surface Intervention System (SIS) was mobilized off Read More

Details and analysis: Weatherford uses Chapter 11 restructuring to gain breathing room

1 week ago DieselGasoil Comments Off on Details and analysis: Weatherford uses Chapter 11 restructuring to gain breathing room
By World Oil Staff on 5/13/2019 Photo: Weatherford President and CEP Mark McCollum. HOUSTON – One of the world’s largest oilfield services companies filed for Chapter 11 Bankruptcy protection on Friday, and the move may finally give Weatherford International plc enough room/time to turn around its struggling operations. The firm announced that it has executed Read More