Tuesday, November 26, 2024
PetroTal completes second horizontal well and achieves new record production at Bretaña oil field- oil and gas 360

PetroTal announces grant of performance share units

Oil and Gas 360 Calgary, Alberta and Houston, Texas–(Newsfile Corp. – December 13, 2019) – PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (“PetroTal” or the “Company“) announces the grant of performance share units (“PSUs”) to officers and employees of the Company. The Company has granted an aggregate of 8,441,659 PSUs, of which 4,489,013 are to officers of the Company in accordance

Basic Energy Services exits hyrdaulic fracturing business- oil and gas 360

Basic Energy Services exits hyrdaulic fracturing business

Houston Chronicle Fort Worth oilfield service company Basic Energy Services is exiting the hydraulic fracturing business amid the ongoing shale slump. In a Thursday morning statement, the company reported that it is selling almost all of its assets in the pressure pumping  business, which includes hydraulic fracturing and other related services. Basic intends to use to the proceeds from the

Rig count holds flat as oil prices rise- oil and gas 360

Rig count holds flat as oil prices rise

Houston Chronicle The nation’s tally of active drilling rigs held flat this week as rising U.S. crude oil prices flirted with the $60 per barrel threshold, according to the weekly count from the Houston oilfield services firm Baker Hughes.   For a U.S. energy sector that’s shed more than 25 percent of its active rigs this year, even holding steady

Sandridge - oilandgas360

SandRidge Energy announces a series of initiatives to improve shareholder value

Oil and Gas 360 OKLAHOMA CITY, Dec. 13, 2019 – SandRidge Energy, Inc. (“SandRidge” or the “Company”) (NYSE: SD) today announced it has initiated a series of actions designed to improve shareholder value:   -Evaluation of minimal 2020 capex plan to maximize free cash flow                                

Factbox: IMO 2020 - a major shake-up for oil and shipping- oil and gas 360

Factbox: IMO 2020 – a major shake-up for oil and shipping

Reuters Tougher rules on sulphur emissions from ships will come into effect next year in the biggest shake-up for the oil and shipping industries for decades. IMO 2020 From January 2020, United Nations shipping agency the International Maritime Organization (IMO) will ban ships from using fuels with a sulphur content above 0.5%, compared with 3.5% now. The regulations are aimed

Shale spending to fall 12% in 2020: Report- oil and gas 360

Shale spending to fall 12% in 2020: Report

Houston Chronicle Exploration and production spending on North American shale is expected to plunge by 12 percent next year because of modest oil prices, weaker cash flows and increased restraint desired by shareholders, according to a new report from the Norwegian research firm Rystad Energy. The report argues that global oil and gas spending will fall by 4 percent – led