More Conventional News

New Source Energy makes second acquisition in Southern Dome Field

New Source Energy Partners LP (NYSE:NSLP) has acquired working interests in 23 producing wells and related undeveloped leasehold rights from CEU Paradigm LLC, an affiliate of Exelon Corp. The properties are located in the Southern Dome field, located in Oklahoma County, Oklahoma.

What are we to believe about reform in Mexico?

Lately we've been hearing a lot about energy reform in Mexico. The comments I've heard range from, "It's about time!" to "I'll believe it when I see it."

Oyster Petroleum farms in to Ithaca Energy licenses West of Shetlands, UK

Oyster Petroleum Ltd. has acquired a package of license interests located in the West of Shetlands basin from Ithaca Energy (UK) Ltd.

Bison Petroleum appoints CEO

Upstream News

Saratoga Resources provides operations update

Independent oil and gas exploration and production company Saratoga Resources Inc., announced Dec. 4, 2012, an update on its planned operations.

Liberty Energy encouraged by neighboring Transatlantic natural gas asset in Bulgaria

Houston, TX-based Liberty Energy Corp. has provided an update on its Bulgarian natural gas asset.

Kunlun terminates PSC with Indonesian government

GeoPetro Resources Company (NYSE MKT: GPR) said October 16 that Kunlun Energy Ltd., acting in its capacity as operator of the Bengara-II Production Sharing Contract (PSC), has terminated negotiations with the Indonesian government for an extension of the PSC’s term. Consequently the PSC will be relinquished and allowed to expire in accordance with its terms.

Pemex discovers new field in deepwater Gulf of Mexico

In early October, Petróleos Mexicanos (Pemex), the Mexican national oil company, said it had discovered a new oil field with significant potential in the deepwater Gulf of Mexico. The announcement was deemed significant enough that it was made by Mexico’s President Felipe Calderón.

Increased complexity presents big data challenges for industry

According to Goldman Sachs, more than $1.2 trillion will be spent in the next five years on oil and gas projects around the world.

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