Headlines for Oct. 17, 2016

  1. Daily Infographic: Russian Output Surges

    Russian crude and condensate production surged to a post Soviet high in September, averaging 11.11 million bbls per day, according to preliminary energy ministry data. While all major oil companies pushed output higher, the biggest month-on-month gain stemmed from the Exxon Mobil Corporation-operated Sakhalin 1 project, which was shut for maintenance in August.

  2. 27 Teams Advancing In $20 Million NRG COSIA Carbon XPRIZE

    XPRIZE, the world’s leader in designing and managing incentive competitions to solve humanity’s grand challenges, today announced the 27 teams representing six countries advancing in the $20 million NRG COSIA Carbon XPRIZE, a global competition to develop breakthrough technologies that convert the most carbon dioxide emissions from natural gas and power plant facilities into products with the highest net value.

  3. Craft Oil In Asset Disposition

    Craft Oil Ltd. has entered into a purchase and sale agreement dated Sept. 30, 2016 to sell certain properties in Alberta with approximately 1,934 boe per day (68 per cent gas) for gross proceeds of $13.5 million.

  4. Perisson Improves Operating Efficiencies At Twining

    Perisson Petroleum Corporation has initiated operating cost reduction measures and the optimization of existing production facilities for its oil and gas producing properties in the Twining oil field of east central Alberta.

  5. Zargon CFO resigns

    Zargon Oil & Gas Ltd. announced that Jeffrey Post has tendered his resignation as chief financial officer of Zargon effective Nov. 14, 2016 to pursue other opportunities.


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