Platts Survey: OPEC Pumps 31.08 Million Barrels of Crude Oil Per Day in October
Down 120,000 Barrels Per Day from September – Lowest Level Since May, Led by Production Declines in Saudi Arabia and Iraq Oil production from the Organization of the Petroleum Exporting Countries (OPEC) totaled 31.08 million barrels per day (b/d) in October, down 120,000 b/d from September, and the lowest level …
Shelton Petroleum: Update on Petrogrand Merger and Ukrainian Asset Distribution
Following the recent shareholder approval of the agreement between Shelton Petroleum and Petrogrand, the development on the oil and gas market, depreciation of the Ukrainian currency and share price development in Petrogrand, Shelton Petroleum provides an update on several accounting items that affect the upcoming interim report. The items, which …
Condor Petroleum: KN-501 – Non Commercial But Does Confirm Hydrocarbon Source, Migration, Trap and Seal are Present
Condor Petroleum Inc. is pleased to announce the release of its Unaudited Interim Consolidated Financial Statements for the three and nine months ended September 30, 2015, together with the related Management’s Discussion and Analysis. These documents will be made available under Condor’s profile on SEDAR at www.sedar.com and on the …
Petrogrand: Production Update for October 2015 – Production Dips 4%
The total production from the Komi oil fields Dinyu-Savinoborskoye, Sosnovskoye and Yuzhno-Tebukskoye in October 2015 amounted to 57,399 barrels of oil, corresponding to an average of 1,852 barrels of oil per day (a slight decrease of 4 per cent compared to 1,939 barrels of oil per day in September 2015). …
Tethys Petroleum: Q3 Results – Loss of $3.7m USD – All Costs Massively Reduced, Production Up 81%
Tethys Petroleum Limited today announces its third quarter 2015 financial results and activity update. Financial Highlights – Loss for the period of USD3.7 million (Q3: 2014 USD2.4 million) – Basic and diluted loss per share of USD0.01 (Q3: 2014 USD0.01) – Oil and gas revenue of USD5.7 million (Q3 2014: …
Eurasia Drilling Company: EGM – 89.3% of Shareholders Vote In Favour of the Management Buyout
Eurasia Drilling Company Limited (the “Company”) announced that it had agreed with certain members of the Company’s management team and certain significant shareholders (the “Participants”) the terms of a merger (the “Merger”) between the Company and EDC Acquisition Company Limited (“EACL”), a company formed by one of the Participants solely …
Rosneft: Q3 Results – Production Up 1.4%, Drilling Up 32.6%
Upstream – Daily HC production increased by 1.4% up to 5.14 mboed in 9M 2015 – Increase in drilling meterage by 32.6% in 9M 2015. Share of horizontal wells in total fund exceeded 30% – Fourfold growth rate of 2D seismic resulted from active works in Arctic region – Sustainable …
Gazprom and Kuwait Petroleum Corporation Sign Memorandum of Understanding
Alexey Miller, Chairman of the Gazprom Management Committee and Nizar Al-Adsani, Chief Executive Officer and Deputy Chairman of the Board of Directors of Kuwait Petroleum Corporation signed a Memorandum of Understanding in Sochi today. The ceremony was held in the presence of Vladimir Putin, President of the Russian Federation and …
Shelton Petroleum and Petrogrand Merger Approved by the Shareholders in Both Companies
As previously announced the agreement between Shelton Petroleum AB and Petrogrand AB was approved at the extraordinary general meeting held today on 9 November 2015. The approval was conditional upon that an extraordinary general meeting in Petrogrand also approved the agreement. Petrogrand has now held its extraordinary general meeting and …
Shelton Petroleum: EGM – Confirms Petrogrand Asset Tie Up
At the extraordinary general meeting held earlier today in Shelton Petroleum AB the shareholders approved the agreement between Shelton Petroleum and Petrogrand AB which will combine the Russian oil and gas assets of the companies and dissolve the cross ownership. The agreement is available on the company’s website. At the …