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Southern England Could Hold Between 2.2 Billion and 8.5 Billion Barrels of Oil Resource

May 28, 2014

The Jurassic shales of southern England's Weald basin could hold between 2.2 billion and 8.5 billion barrels of oil resource but no gas, the UK government said Friday in a new report. The Department of Energy and Climate Change also ...

Tags: Shale Oil, offshore production

Whitecap Has Completed The Previously Announced Acquisition of a Private Company

Jan 9, 2014

Whitecap Resources Inc. ("Whitecap") (TSX: WCP) is pleased to announce that Whitecap has completed the previously announced acquisition of a private company ("PrivateCo") pursuant to a plan of arrangement (the "Arrangement") under the ...

Tags: Whitecap, acquisition, PrivateCo, Business Corporations Act

Pacific Rubiales Announced Today The Successful Results of The First Production Tests

Dec 27, 2013

Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) (BOVESPA: PREB) announced today the successful results of the first production tests in the CPE-6-1X exploration well and the CPE-6-H2 appraisal well, two new wells drilled during ...

Tags: exploration, oil

Senex Energy Limited Quantified a Significant Contingent Oil Resource

Dec 3, 2013

Senex Energy Limited (Senex, ASX: SXY) has quantified a significant contingent oil resource within the Murta Formation of South Australia's southern Cooper-Eromanga Basin that represents a material opportunity to deliver oil production from ...

Tags: Oil Resource, Metallurgy, Mineral, Energy, oil

Shell Remains Cautious Regarding The Potential of Two Onshore Oil Exploration Blocks

Jun 27, 2013

Shell remains cautious regarding the potential of two onshore oil exploration blocks in Albania despite increasing its stake in the blocks from 50% to 75%, the company said Tuesday. The deal leaves operator, Canada's Petromanas Energy, ...

Tags: Oil Potential, Block Stake Hike

Bellatrix Exploration Abandoned a C$300 Million (US$289 Million) Joint-Venture

Jun 7, 2013

Faced with "risk-adverse" South Korean investors, Calgary-based mid-size producer Bellatrix Exploration abandoned a C$300 million (US$289 million) joint-venture but is confident it can have a new partnership in place within two months, ...

Tags: Canada, Bellatrix, Cardium Oil

Ghana's Presidential Candidates Have Been Outlining Plans for The Oil and Gas Sector

Nov 28, 2012

Ghana's presidential candidates have been outlining plans for the oil and gas sector, as the nation gears up for a decisive presidential election on December 7. The People's National Convention candidate, Hassan Ayraiga, said he would ...

Tags: oil, gas, presidential election

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