VAALCO Energy, Inc. (NYSE:EGY) today announced that the secondary electric submersible pump (ESP) in the Avouma 2-H well on the Avouma Platform offshore Gabon in the Etame Marin Permit was recently started and the well is now producing at a stable rate.
TORONTO , ON, July 4, 2016 (GLOBE NEWSWIRE) — Victory Nickel Inc. (“Victory Nickel” or the “Company”) (CSE: NI, www.victorynickel.ca) today announced that it has sold its interest in a partnership (the “Partnership”) created to trade in commodities for C$430,766 less fees and costs of approximately C$73,000.
“This sale will provide
By Vivien Diniz
Natural gas prices have not been so hot lately. And unfortunately with the current oversupply situation, the natural gas outlook for 2016 is not optimistic.
Meanwhile, an array of oil and gas companies reported positive Q3 results.
The US natural gas price dropped to its lowest level since April 2012 on Tuesday morning, falling below $2 per million British thermal units.
Mild weather forecasts and an increase in US natural gas stocks brought natural gas prices to a five-month low on Thursday.
The US Energy Information Administration expects production from several shale oil fields to fall by 80,000 barrels per day by next month.
Today, Deloitte’s Resource Evaluation & Advisory group released its current Canadian domestic oil and gas price forecast. The firm suggested that strengthening prices during the second quarter would be likely to continue, and would result in a stronger second half of the year for Canadian oil and gas producers.