Oil And Gas Exploration

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  1. Oil and Gas News: Genie Energy launches drilling services company in Israel

    Genie Energy Ltd . is establishing Atid Drilling Ltd., (Atid), an onshore drilling services venture based in Israel.  Atid will pursue drilling opportunities for clients in a variety of fields including oil and gas exploration, water resource development and mineral exploration. Atid has executed a binding MOU to purchase a drilling rig and associated drilling equipment.  The rig has successfully drilled five exploratory oil and gas wells in the Golan Heights over the past two years and recently completed a water well that is geared to help farmers in the Golan who are coping with an extended drought. Atid anticipates partnering with international drilling services experts, including Rainmaker Ltd., a partnership of North American oil and gas drilling service providers based in Western Canada.  Rainmaker specializes in the management and execution and completion of oil and gas drilling projects and its focus has expanded over the last four years to include exploration and development of water resources in several countries in the Middle East. The engineers and staff at Rainmaker draw from decades of project management experience and expertise to assist their clients' global operations. Geoff Rochwarger, who will serve as Atid's CEO, said, "Atid will provide drilling services to meet the growing demand of clients in diverse industries in the region. We are excited by the market opportunity and have been encouraged by the enthusiasm with which prospective clients have greeted Atid's anticipated launch." "Atid will bring together an experienced operations team, international partners who will provide additional technical expertise in the planning and execution of projects, and a high capability drilling rig based in Israel and equipped to operate at depths up to 2000 meters," Mr. Rochwarger concluded. Atid is expected to spud its first exploration well in early March for Afek Oil and Gas, the Genie Energy subsidiary that is conducting an oil and gas exploratory program in the Golan Heights.

    Online Articles

    Online Articles

    Fri, 13 Jan 2017

  2. Kosmos prices secondary public offering of common shares

    Kosmos Energy has priced its previously announced underwritten public offering of 30,000,000 of its common shares, all of which were offered by funds affiliated with Warburg Pincus LLC and The Blackstone Group LP.

    Online Articles

    Online Articles

    Thu, 12 Jan 2017

  3. WoodMac: Global oil and gas exploration likely to return to profitability in 2017

    Global oil and gas exploration should return to profitability in 2017 after five years of only single-digit returns. This was the finding of a  new study by Wood Mackenzie on what to expect from global oil and gas exploration in the year ahead.

    Online Articles

    Online Articles

    Fri, 9 Dec 2016

  4. Eco pushes for AIM listing to further offshore license ambitions

    Eco Atlantic Oil and Gas plans to seek admission of its shares to trading on the London-based Alternative Investment Market.

    Online Articles

    Online Articles

    Tue, 10 Jan 2017

  1. Hardisty, Bunch take SVP roles at Lucas Energy

    Online Articles

    Online Articles

    Thu, 5 Jan 2017

  2. Lucas Energy enters Permian, changes name

    Lucas Energy Inc., Houston, has agreed to partner with a private Houston-based oil and gas holding company in the Permian basin of Texas, and will change its name to Camber Energy Inc. to reflect the firm’s new operational focus.

    Online Articles

    Online Articles

    Thu, 5 Jan 2017

  3. Boney named partner at Opportune

    James Boney was named a partner at Opportune LLP, an international energy consulting firm.

    Online Articles

    Online Articles

    Thu, 5 Jan 2017

  4. Oil and Gas News: BOEM Denies Atlantic Seismic G&G Permits

    The decision is based on a number of factors, including a diminished need for additional seismic survey information because the Atlantic Program Area has been removed from the 2017-2022 Outer Continental Shelf Oil and Gas Leasing Program.

    Online Articles

    Online Articles

    Sat, 7 Jan 2017

  5. BOEM rejects Atlantic G&G permits amidst industry criticism

    The Bureau of Ocean Energy Management has denied six pending geophysical and geological permit applications to conduct airgun seismic surveys in the mid- and south planning areas of the Atlantic Ocean.

    Online Articles

    Online Articles

    Fri, 6 Jan 2017

  6. BOEM denies G&G permit applications for South and Mid-Atlantic OCS

    The US Bureau of Ocean Energy Management has denied six pending applications to conduct offshore oil and gas geological and geophysical (G&G) surveys on the US South and Mid-Atlantic Outer Continental Shelf. The Jan. 6 move came more than 4 years after BOEM set the stage for what would have been ...

    Online Articles

    Online Articles

    Fri, 6 Jan 2017

  7. Lucas Energy to change name, adds two executives

    Lucas Energy Inc. will change its name to Camber Energy Inc., effective January 5, 2017. The company also named two new senior vice presidents to the management team.  

    Online Articles

    Online Articles

    Wed, 4 Jan 2017

  8. Oil and Gas: Study underway to examine effects of oil exploration on deer

    A years-long study is underway to examine the effects of oil and gas exploration on mule deer in part of northern New Mexico.

    Online Articles

    Online Articles

    Thu, 29 Dec 2016

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