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Armour Energy surges on deal to buy oil, gas assets from Origin Energy
2015-09-03 05:53:49| Oil & Gas - Topix.net
Takeover target Armour Energy has signed its second potentially-transformational deal in as many weeks, agreeing to pay up to $13 million for oil and gas production assets in Queensland owned by Origin Energy and sending its share price up by more than 100 per cent. If completed, the deal will give Armour cash flow within an estimated 12 months, through gas and condensates ventures on the Roma Shelf in the Surat Basin.
Oil & Gas UK establishes new North Sea body
2015-09-03 01:00:00| Offshore Technology
Oil & Gas UK has launched the Efficiency Task Force (ETF) that aims to make the North Sea industry competitive.
Penn West, ConocoPhillips cut over 900 oil and gas jobs, mostly in Calgary
2015-09-02 08:27:06| Oil & Gas - Topix.net
A fresh wave of layoffs is hitting Alberta's energy sector, with two oil and gas companies announcing 900 job cuts on Tuesday, mostly in Calgary, and analysts saying they see more on the way. Penn West Petroleum is reducing its workforce by 35 per cent for a loss of over 400 full-time employees and contractors.
Texas regulator clears oil and gas company of causing quakes
2015-09-02 03:41:47| Chemicals - Topix.net
The regulatory agency overseeing Texas' oil and gas industry has determined that a series of small earthquakes in North Texas likely wasn't caused by drilling operations by an Exxon Mobil subsidiary. The preliminary findings mark the first decision by the Texas Railroad Commission since it was authorized last year to consider whether seismological activity was caused by injection wells, which store briny wastewater from hydraulic fracturing.
Penn West, ConocoPhillips cut over 900 oil and gas jobs, mostly in Calgary
2015-09-02 01:23:04| Energy - Topix.net
A fresh wave of layoffs is hitting Alberta's energy sector, with two oil and gas companies announcing 900 job cuts on Tuesday, mostly in Calgary, and analysts saying they see more on the way. Penn West Petroleum is reducing its workforce by 35 per cent for a loss of over 400 full-time employees and contractors.
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