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Petroleum News including Oil Exploration, Production, Offshore Oil Drilling, Refining, Pipeline News & Resources and Oil & Gas Industry News

More Oil & Gas News

EnerMech forms JV with AFG in Saudi Arabia

Nov 28, 2014

EnerMech Ltd., an international mechanical services group, has signed a joint venture agreement with Abdulla Fouad Group to support the growth of its operations in Saudi Arabia.

Oil Basins acquires Permit Vic/P47 in Gippsland Basin

Nov 28, 2014 Oil Basins Ltd. has provided an update on its ongoing activities in Vic/P47 in the Gippsland Basin, offshore Australia. The company says that it has been confirmed from the National Offshore Petrol...

Rey Resources to acquire Backreef's interest in Derby Block

Nov 28, 2014 Rey Resources Ltd. reports that its subsidiary company Rey Lennard Shelf Pty Ltd. has entered into an agreement with Backreef Oil Pty Ltd. to acquire a 50% interest in petroleum exploration license...

NGL acquires Rimrock’s interest in Grand Mesa Pipeline

Nov 28, 2014 NGL Energy Partners LP has executed a definitive membership interest purchase agreement with Rimrock Midstream LLC for Rimrock’s 50% interest in Grand Mesa Pipeline LLC. NGL now owns 100% of the pi...

Packers Plus acquires ReTek Energy Products

Nov 28, 2014 Packers Plus Energy Services (USA) Inc., a wholly owned subsidiary of Packers Plus Energy Services Inc., an innovator of openhole multi-stage completion systems, has acquired Texas-based ReTek Ener...

Beach Energy appoints Cole as managing director

Nov 28, 2014

Australia's Beach Energy Ltd. has appointed Robert Cole as its new managing director, effective June 1, 2015, or such earlier date as is available and mutually agreed.

British Columbia approves Petronas LNG project, pipelines

Nov 28, 2014 British Columbia has approved a liquefied natural gas export terminal being developed by Malaysia's Petronas, along with two pipelines to service Canada's fledgling LNG industry, according to Reute...

JV to develop $1B Persephone project off northwest Australia

Nov 28, 2014

Woodside Petroleum Ltd., as operator of the North West Shelf (NWS) project, reports that the NWS participants have approved the Persephone project off the northwest coast of Australia.

Samson Oil & Gas updates credit agreement

Nov 28, 2014 Samson Oil & Gas Ltd. advises that, effective Nov, 24, it executed, closed, and updated its credit agreement with Mutual of Omaha Bank to increase the borrowing base of the reserve based lendin...

Mexco Energy purchases oil and gas properties

Nov 28, 2014 Mexco Energy Corp. reports the purchase of various royalty interests ranging from .0018% to 1.1% revenue interests at a price of $580,000 covering  580 wells in 87 counties of eight US states.