Daily Archives: June 13, 2016

Teine Energy to acquire Saskatchewan assets for $975 million

Teine Energy Ltd. has agreed to acquire all of fellow Calgary-based firm Penn West Petroleum Ltd.’s assets in Saskatchewan, including the Dodsland Viking area, for $975 million in cash. The deal is effective May 1 and expected to close in the second quarter. Read Full Article Here For more great articles: Oil & Gas Journal…

Pemex seeking partners to explore offshore Trion field

Mexico’s Petroleos Mexicanos (Pemex) is seeking partners to explore and develop offshore Trion field in the Perdido belt, a Pemex executive said at a news conference in Mexico City June 10. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest

API, Mexico regulatory agency agree to share standards, practices

The American Petroleum Institute and Mexico’s recently created oil and gas regulatory agency, the National Agency for Industrial Safety and Environmental Protection of the Hydrocarbons Sector (ASEA), reached an agreement for ASEA to get access for its safety programs to API’s technical standards and recommended practices. Read Full Article Here For more great articles: Oil…

US offshore rig count remains at 21

The US offshore drilling rig count remains unchanged at 21 over last week and down eight rigs year over year, according to the Baker Hughes Weekly Rig Count of June 10, 2016. Read Full Article Here For more great articles: Offshore RSS Feed

Egdon, Union Jack sign farmout for UK onshore license

Egdon Resources PLC has farmed out 8.33% of its onshore UK license PEDL182 to Union Jack Oil PLC. The license is in Lincolnshire to the immediate north of PEDL180, where Union Jack farmed into the Wressle-1 exploration well (8.33%). Read Full Article Here For more great articles: Oil & Gas Journal – General Interest

North Sea executives outline frustrations, hopes for future

The North Sea must adapt quickly to ensure a strong, productive, and profitable future for the sector, according to 37 senior oil and gas executives in the UK, Norwegian, and Dutch sectors interviewed for Price Waterhouse Cooper’s latest report A Sea Change. Read Full Article Here For more great articles: Offshore RSS Feed