Africa Hydrocarbons Inc. is pleased to announce that in connection with its previously announced public offering (the Offering) of common shares (Common Shares) of the Company, AHI and Canaccord Genuity Corp. (the Agent) have agreed to amend the terms of the Offering from up to 55,600,000 Common Shares, at a price of $0.18 per Common Share, to a minimum of 44,500,000 units (Units) of the Company and up to 55,600,000 Units, at a price of $0.18 per Unit, for aggregate gross proceeds of a minimum of $8,010,000 and up to $10,008,000.
Genome Alberta and the Public Policy Forum have released a joint policy paper titled Enhancing Energy Production and Environmental Outcomes through Genomics: The case for innovation, which outlines how the hydrocarbon energy sector in Canada can improve production and be more environmentally friendly through genomic research.
TAG Oil Ltd., is pleased to announce that the Company has entered into an agreement with Rawson Taranaki Limited and Zeanco (NZ) Ltd. to acquire three New Zealand exploration permits; Petroleum Exploration Permit 52589, Petroleum Exploration Permit 52676 and Petroleum Exploration Permit 53674.
Canadian crude oil production will more than double to 6.2 million barrels per day by 2030 from three million barrels per day in 2011, according to CAPP's 2012 Crude Oil Forecast, Markets and Pipelines Outlook.
CNOOC Limited announced today that the Company received a report from ConocoPhillips China Inc. ("COPC"), the Operator of Penglai 19-3 oilfield, stating that a small amount of oil leaked to the sea when the safety device of a hose coupling automatically parted due to the abnormality during the oil transfer under fluid discharge and depressurization operation late night on June 3, 2012.
The Technology Center set up by Clariant Oil Services, a global leader in the provision of customized specialty chemicals and related services for the oil and gas industry worldwide, will reinforce the company's activities aimed at generating the research and development of solutions to help the sector overcome the countless challenges of new exploratory frontiers in deep waters.
The plan for development and operation (PDO) of the Bøyla field has been submitted by the Bøyla partners and Lundin Petroleum AB. The latter submitted the plan through its sister company, Lundin Norway AS. The Bøyla field is situated in block 24/9 in the Norwegian sector of the North Sea about 28 km south of the Alvheim Field.
As Iraq starts to recover after civil unrest now is the time for the international community to understand the current issues which will help mould the country's future through investment. At the Pre-Forum Executive Briefing of the Caspian Gas Forum, the UKTI in partnership with Gastech Specialist Events will focus on the current business landscape and how achievable it will be for the oil and gas production targets to be met.
Eco (Atlantic) Oil & Gas Ltd. is pleased to announce that Namibia's Minister of Mines and Energy has approved today, the assignment pursuant to the Farm-out Agreement with Azimuth Ltd. ("Azimuth") of Hamilton, Bermuda, an exploration and production company backed by majority-owner Seacrest Capital Ltd. and Petroleum Geo-Services ASA ("PGS"), (Farm-Out Agreement announced on April 12, 2012).
Research has been conducted for over 10 years on Norwegian Oil recovery and that has provided a significant knowledge.base.
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