News
07.29.2015
 
Abraxas provides operations update
Abraxas Petroleum Corporation ("Abraxas" or the "Company") (NASDAQ:AXAS) today provided the following operations update.

Williston Basin

At Abraxas' North Fork prospect, in McKenzie County, North Dakota, the Jore 5H, Jore 6H, Jore 7H and Jore 8H, producing from the Middle Bakken, averaged 819 boepd (653 barrels of oil per day, 994 mcf of ... more
Your Oil and Gas News
 
07.29.2015
 
Marathon Oil and OMV back down on drilling plans offshore Croatia
A consortium of two companies, the U. S.-based Marathon Oil and Austria’s OMV, has reportedly given up on their plans for the exploration and exploitation of hydrocarbons in the Adriatic, offshore Croatia.  According to Jutarnji, Croatia’s daily newspaper, the consortium Monday notified Croatian Hydrocarbon Agency (CHA) the contract with the Croatian government will not be signed. Jutarnji […]
Offshore Energy Today
 
07.29.2015
 
Anadarko announces second-quarter 2015 results
Anadarko Petroleum Corporation (NYSE: APC) today announced its financial and operating results for the second quarter of 2015, including net income attributable to common stockholders of $61 million, or $0.12 per share (diluted). These results include certain items typically excluded by the investment community in published estimates, which in the aggregate ... more
Your Oil and Gas News
 
07.29.2015
 
Lifting crude oil export ban will lead to refinery closures, higher consumer prices, lost jobs, less economic security
Leo W. Gerard, International President of the United Steelworkers (USW), testified today before the U.S. Senate Banking, Housing and Urban Affairs Committee in opposition to lifting the long-standing crude oil export ban.

"The increase in crude oil production in this country--joined with the current U.S. crude oil export ban--is boosting our economy," ... more
Your Oil and Gas News
 
07.29.2015
 
UK: Total sells minority interests in West of Shetland fields for £565 million
Total has signed an agreement to sell 20% of its interests in the Laggan, Tormore, Edradour and Glenlivet fields, located in the West of Shetland area, to SSE E&P UK Limited Ltd for £565 million (around $876 million), subject to the customary approvals.
 
"The sale of these minority interests is aligned with Total's portfolio management strategy ... more
Your Oil and Gas News
 
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