News Archive for: September 2014

UK energy supply is undergoing transformational changes. The country has moved from being a net exporter of energy in 2003 to importing 43% of its energy needs in 2012, a requirement forecast by Centrica to increase to 70% by 2020. Following the huge impact of shale gas production on…

Saudi Arabia, the world’s biggest oil exporter, has slashed its production of crude in an apparent attempt to prevent the price falling further below $100 per barrel.The kingdom, which has the capacity to pump 12.5m barrels per day (bpd) of crude at full choke, trimmed 400,000 bpd from its…

James Lebas, former chief revenue estimator for the Texas Comptroller’s office, made news recently when he told the state’s House Committee on Energy Resources that, working with the Comptroller’s office, he had determined that output from the oil and natural gas industry now accounts for fully one-third of the…

The Board of IGas welcomes the announcement today by Dart regarding the proposed recommended acquisition of Dart by IGas by way of Scheme of Arrangement (“Scheme”). Dart announced that at the Dart Scheme meeting held earlier today (“Scheme Meeting”) the requisite majorities of Dart shareholders present and voting approved…

Xcite Energy announces that its 100% owned subsidiary, Xcite Energy Resources plc (“XER”), has entered into a Collaboration Agreement with Statoil (U.K.) Ltd. (“Statoil”) and EnQuest Heather Limited (“EnQuest”), in order to share field-specific technical and operational information to evaluate the potential utilisation of common gas import infrastructure between…