The update comes a day after Hurricane increased crude resources, to 2.6bn barrels, and ahead of an analyst visit to see dry dock operations in Dubai.
Showing 25 of 4776
The report’s ‘overall conclusion’ states a belief that “the challenges and risks associated with any onshore shale gas industry in the NT are manageable”.
Hurricane shares advanced around 10% after a new competent persons report massively increased the offshore oiler's crude inventory.
The Rhona Ridge assets, excluding Lancaster, have been estimated to have 1.8bn barrels of contingent resources and over 900mln barrels of prospective resources
"We are pleased to have made another discovery during our ongoing nine well drilling campaign, with this well exceeding our pre-drill net pay estimates by more than 50%"
"We are pleased to be able to commit this additional funding into a continuous ten well 2018 drilling programme in Trinidad,” said Paul Baay, Touchstone chief executive
Echo said it has agreed an extension to the closing date for an agreement from 29 December 2017 to 2 February 2018 “or a subsequent date which the parties may mutually agree”
The company is seeking a new chairman is sought, and thereafter, new independent non-executive directors
Investors can expect a new competent persons report, an update on the potential promotion from London's AIM market and maybe even a new chairman.
“This is a material event in the history of GDG and will ensure value is properly attributed to our producing assets as well as allow the exploration and appraisal business to take advantage of the wealth of international opportunities"
“At these higher oil prices, we’ll be able to deleverage very quickly,” Angus McCoss said.
SSE and npower have argued that the deal will improve competition
Oil and gas production from a month of flow-back testing has now stabilised at 1,771 barrels daily equivalent compared to 1,333 barrels reported last week.
The 11.2 TCF number represents the ‘high case’. The ‘best case’ estimate sets the bar at 8.9 TCF, while the ‘low case’ is for a still substantial 6.7 TCF of gas
"The refinancing of our RBL credit facility was a key objective for 2017 and we are very pleased to have completed this process in line with stated guidance and ahead of our year-end target”
Pennon's first half revenue rose 5.6%, boosted by an increase in demand for water and a strong performance from its energy recovery facilities
“Our next steps as we re-shape Shell into a world-class investment aim to ensure that our company can continue to thrive, not just in the short and medium term but for many decades to come,” said chief executive Ben van Beurden
The find will provide a platform from which to evaluate multiple conventional shallow gas prospects and leads across the concession
Credit Suisse has upgraded rating for the energy distributor to ‘neutral’
The company has exploration and development upside with its suite of North African oil assets
Credit Suisse has upgraded Ophir Energy to ‘outperform’ even though it is at the same time dropping the target price due to a delayed start-up for the Fortuna LNG project offshore Equatorial Guinea. On this note, analyst Ilkin Karimli said, “Project financing is the last remaining hurdle before an FID can be taken on Fortuna,”
Two well work-overs are adding 250 bopd, and two further programmes are planned before year end
The KSR-16 well will be drilled over 20-25 days and should be added to the Sebou field's production facilities another 21 days after that
Centrica said its second half performance has been “disappointing” due to tough competition and warmer-than-usual weather
Decommissioning remains a sticking point in North Sea negotiations, but Phillip Hammond has unveiled a line of tax breaks that should reduce the costs for the buying party