News Archive for: September 2014

Oyster Petroleum Limited announces that it has recently entered into a farm-in agreement whereby, in exchange for covering certain well costs on drilling, Oyster Petroleum will acquire a 25% interest in licence P.1948, covering blocks 29/7c, 12, 13 and 14 in the UK Central North Sea. The P.1948 licence…

The company’s subsidiary, Chevron Netherlands Holdings B.V. has entered into a share sale agreement to sell its shares in Chevron Exploration and Production Netherlands B.V., including its interest in Chevron Transportation B.V., to Petrogas International E&P Coӧperatief U.A., which is a subsidiary of Oman-based Petrogas E&P LLC (part of…

Hurricane Energy plc (AIM: HUR), the UK-based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, has substantially completed post-well data analysis following the successful testing of the 1km horizontal appraisal well 205/21a-6 in Q2 2014 at the Company’s Lancaster oil discovery West of Shetland….

A study that blamed natural gas drilling for water pollution in two states has spurred calls for stricter regulations to keep wells from leaking methane into aquifers.

The study backed the oil and gas industry in one respect: It discounted hydraulic fracturing, or fracking, as the source for harmful methane…

Brent crude was little changed just below $98 a barrel on Tuesday, holding gains after recovering from its lowest price in more than two years but capped by a soft global economic outlook.Data reflecting lacklustre manufacturing output performance in the world’s two largest economies, the US and China, stoked…