Kumaresan Selvaraj pillai


BLOG MOVED 2 http://finance-world-breaking-news.blogspot.com/

Wednesday, June 20, 2012

Oilbarrel Newsletter 20th June 2012

Oilbarrel.com Informed comment and independent oil and gas   news
Oilbarrel Weekly Roundup 13th - 20th June 2012
53rd Oilbarrel Forum Thursday 19th July 2012

Sponsored By:

Thursday 19th July 2012
Merchant Taylors Hall
30 Threadneedle Street
London, EC2R 8BJ

Presenting Companies Include:

Rialto Energy

Tower Resources

Petroceltic International

Mercon

Solo Oil

Click Here to Register or contact support@oilbarrel.com

Latest News

News: June 20, 2012

Plexus Holdings Wins Further Industry Backing For Its Subsea Wellhead Project And Secures API Accreditation

Another month and another endorsement of Plexus Holdings’ proprietary wellhead technology as yet more oil majors sign up to its £2 million subsea joint industry project.  The latest companies to join the JIP are Italian energy giant ENI and equipment manufacturer Oil States International, who have now added their support to a project that has already got Shell, Tullow, Maersk and Wintershall, among others, on board.  Shares in the AIM-quoted company rose 10 pence to 116 pence on the news

Full story...

News: June 19, 2012

Earthquake Adds To Independent Resources’ Italian Woes As It Accelerates Strategic Review

It seems to be one step forward, two back for AIM-quoted Independent Resources this year.  In February there was much jubilation when its long-stalled Rivara gas storage project in Italy finally got the environmental clearance to move into the appraisal stage.  This had been a long-awaited development for a highly strategic project that would add much needed flexibility and security to a country that has been at the sharp end of energy shortfalls from Libya and Russia over the past year.

Full story...

News: June 19, 2012

Simba Energy Sees Multi-Billion Barrel Potential On Its Kenyan Acreage

When Simba Energy first hit our radar in Spring 2010, it was seen by many as something of a longshot; a TSX Venture-newcomer targeting undrilled Liberia in West Africa.  Two years on and the odds have definitely shortened in Simba’s favour as the Vancouver-based company has added to its Liberia starter asset with interests in Guinea, Mali and, most significantly, Kenya

Full story...

News: June 18, 2012

TomCo Energy Advances Utah Oil Shale Project

When TomCo Energy appeared at oilbarrel.com’s May conference, chief executive Paul Rankine was tasked with presenting a project that has more affinity with our sister website Minesite.com than traditional oil and gas exploration.  “We are mining in Utah,” confirmed Rankine, who has 25 years in the natural resources industry, half of it as a fund manager and half running mining companies and working at the coal face.  And the material being mined is kerogen, immature oil locked inside vast oil shale deposits that stretch across large expanses of the emptiness of Wyoming, Utah and Colorado.

Full story...

News: June 18, 2012

Roxi Petroleum Gains Another Earn In Partner And Expects To Have Three Licences In Production By The End Of The Year

For a country of such size it should not come as a surprise that Kazakhstan is well endowed with natural resources.  Uranium, copper and zinc, together with agricultural commodities are in abundance, but fossil fuels provide the majority of exports.  So much so that the government is keen to diversify, but given current global economic circumstances you take what you are given.

Full story...

Market Overview: June 15, 2012

OPEC Ministers Decide To Leave Output Unchanged Despite Uncertainties In Oil Markets

 

In a month of uncertainty in the economic and geopolitical arena, OPEC ministers met in Vienna and decided to leave output unchanged; sort of. Adhering to the previously agreed production ceiling of 30 million barrels a day will in fact mean taking oil off the market. In early trading on Friday, Brent Crude was close to US$98 with WTI above US$84 a barrel.

Full story...

News: June 14, 2012

Tom Cross Bags A Bargain As The Parkmead Group Swoops On Cash-Short DEO Petroleum For £12.7 Million

In the current market cash is king and those companies with access to capital are well placed to buy up distressed rivals struggling to access funding.  Tom Cross, the former head of Dana Petroleum who walked away with over £50 million after the E&P he founded back in 1994 was sold to KNOC for £1.87 billion in 2010, has a reputation for making opportunistic plays and being a hard-nosed negotiator.  These are traits he has already displayed with enthusiasm in his new role as executive chairman of The Parkmead Group, which saw its share price more than double in October 2010 on news that Cross had taken the helm and,  at times over the past 12 months, have risen to levels completely disconnected to the actual asset base.

Full story...

News: June 14, 2012

Norwest Energy Set To Begin Fraccing Arrowsmith-2 After Permitting Roadblock Removed

Once the domain of failed oil explorers, gas is now a highly attractive resource that tops many a country’s fuel list for their future energy policy.  Norwest Energy is one of a half dozen or so ASX listed shale gas companies that are following North America’s lead in the development of a major domestic shale gas industry.

Full story...

News: June 13, 2012

Cairn Energy Makes £414 Million Cash Bid For Nautical Petroleum

Shares in Nautical Petroleum soared 55 per cent in morning trading after Cairn Energy made a £414 million all-cash bid for the North Sea heavy oil specialist.  Cairn, its coffers still bulging with over US$1.1 billion in cash even after February’s US$3.5 billion giveaway to shareholders, has offered 450 pence per share for Nautical, which represents a premium of 51 per cent to Tuesday’s closing price. 

Full story...
Press releases

JJune 20, 2012 - Rialto Energy Ltd Weekly Drilling Progress Report
June 20, 2012 - Gold Oil Plc Trading Update
June 20, 2012 - Global Energy Development Update on Development and Operational...
June 20, 2012 - Texon Petroleum Ltd Fifth Eagle Ford Well - Early July Test
June 19, 2012 - Serica Energy Namibian Seismic Update
June 19, 2012 - Dragon Oil Directorate Change
June 19, 2012 - Ophir Energy Transaction in Own Shares
June 19, 2012 - Plexus Group
June 19, 2012 - Cadogan Petroleum Plc
Resignation of Director
June 19, 2012 - Central Petroleum Ltd Surprise Extended Production Test Update
June 18, 2012 - Cadogan Petroleum Plc Shale Gas Agreement
June 18, 2012 - Independent Resources Plc Interim Report
June 18, 2012 - Mediterrameam Oil & Gas Appointment of Advisor
June 18, 2012 - Silvermere Energy PLC Operations Update
June 18, 2012 - IGas Plc Appointment of Greenhill for Shale 'Farm Out'
June 18, 2012 - Solo Oil Drilling Report
June 18, 2012 - Dragon Oil Transaction in Own Shares
June 18, 2012 - Ambassador Oil & Gas First Drill Campaign to Commence
June 15, 2012 - Bridge Energy ASA Bridge Energy Announces UK Production...
June 15, 2012 - Cadogan Petroleum Plc Share Purchase Agreement
June 15, 2012 - Empyrean Energy Plc Further re: US$50m Debt Facility
June 15, 2012 - Xcite Energy Resources Limited Additional Listing and Total Voting Rights
June 15, 2012 - Dragon Oil Plc Transaction in Own Shares
June 15, 2012 - Gulf Keystone Petroleum Holding(s) in Company
June 15, 2012 - Coastal Energy Co Update of Normal Course Issuer Bid
June 15, 2012 - Norwest Energy NL Share Purchase Plan Offer Documents
June 15, 2012 - Norwest Energy NL Norwest Activities Update
June 15, 2012 - Donnycreek Energy Donnycreek Closes First Tranche of Private...
June 14, 2012 - Salamander Energy Rig Sharing Agreement
June 14, 2012 - Sefton Resources AGM Statement
June 14, 2012 - New World Oil & Gas Improved Terms for the Blue Creek FOA
June 14, 2012 - Energy XXI Issue of Shares and Total Voting Rights
June 14, 2012 - San Leon Energy Rawicz Concession Expansion
June 14, 2012 - Dart Energy Limited Liulin Field at over 500Mscf/d -...
June 13, 2012 - Clontarf Energy Update on Peruvian Operations
June 13, 2012 - Dragon Oil Holding(s) in Company
June 13, 2012 - TomCo Energy Interim Results
June 13, 2012 - Valiant Petroleum Tryfan Well Spud
June 13, 2012 - Antrim Energy Antrim Updates Fyne Field and Other North...
June 13, 2012 - Rialto Energy Ltd Weekly Drilling Progress Report
June 13, 2012 - Ithaca Energy Inc Officers' Dealing
June 13, 2012 - Austin Exploration Horizontal Drilling To Commence
June 13, 2012 - Cairn Energy Offer for Nautical Petroleum plc
June 13, 2012 - Enegi Oil Operational Review and Update
June 13, 2012 - Xcite Energy Resources Limited Bentley Phase 1A Operational Update
June 13, 2012 - Xcite Energy Resources Limited Drawdown on Equity Line Agreement
June 13, 2012 - Lakes Oil Holdgate-1 Update 13 June 2012
June 13, 2012 - Eureka Energy Ltd Second Supplementary Target`s Statement
June 13, 2012 - Eureka Energy Ltd Update on Aurora`s Takeover Offer
June 13, 2012 - Donnycreek Capital Donnycreek Announces Increase in Size of...


Don't forget to visit our other website
minesite.com


You are receiving this e-mail because you have either registered to receive e-mails from us on our website or you have attended a past Oilbarrel Conference.

If you would like to unsubscribe from our e-mails or have any queries about the website or our events, please contact support@oilbarrel.com.

No comments: