US News

Positive Drill Update, Shoats Creek Project, Louisiana Northcote (LSE:NCT) has announced that the Lutcher Moore #20 well targeting the Frio Formation at the Shoats Creek Project in Louisiana, successfully reached total depth of approximately 5,500 feet on 14 July 2015. Mud logs have indicated the presence of hydrocarbons in the targeted payzone, in line with […]

Some observers have already over-reported that the Iran “deal” will be driving the price of oil down as the first apparent reaction of oil prices was a 2% decline in brent crude to $56.67 per barrel this morning. As I have said repeatedly in this column, cause and effect are not necessarily closely related in […]

Preparing to Spud Shimanek #2 well and Q2 2015 Operations Update Magnolia Petroleum Plc, the AIM quoted US focused oil and gas exploration and production company, has announced that drilling operations at the Magnolia operated and 94% owned Shimanek #2 vertical well in Oklahoma are expected to commence by the end of July 2015. Additionally, […]

California ISO selected a joint venture between Abengoa and Starwood Energy as the approved sponsor to finance, construct, own, operate and maintain the Delaney to Colorado River 500 kV transmission line project. Abengoa (NASDAQ:ABGB), the company that ‘applies innovative technology solutions for sustainability in the energy and environment sectors’, has announced that a project...

From the Inter-American Development Bank, China Co-Financing Fund and Canadian Climate Fund Sky Solar Holdings, Ltd. (NASDAQ:SKYS), a leading global developer, owner and operator of solar parks, today announced that the Inter-American Development Bank has approved a $55.7 million loan to finance the construction, operation and maintenance of six photovoltaic solar energy plants and their...

Mission Computer for Marine Corps H-1 Lot 12 Helicopter Upgrades Northrop Grumman Corporation (NYSE:NOC) was recently awarded a contract from Naval Air Systems Command to deliver its next-generation mission computer for Lot 12 of the Marine Corps’ H-1 helicopter upgrade program. Under this contract, Northrop Grumman will provide FlightPro Gen III mission computers for the […]

But are they premier results? Premier Exhibitions, Inc. (NASDAQ:PRXI), a presenter of museum-quality touring exhibitions around the world, today announced financial results for the first quarter of fiscal 2016 ended May 31, 2015. Comparing the first fiscal quarter 2016 with the prior year’s first fiscal quarter: – Total revenue decreased 3.2% to $7.2 million compared […]

In an internal email to employees in late June, Microsoft (NASDAQ:MSFT) CEO Satya Nadella said, “We need to innovate in new areas, execute against our plans, make some tough choices in areas where things are not working and solve hard problems in ways that drive customer value.” The day of making hard choices has arrived. […]

Thomson Reuters to power S&P Dow Jones Indices’ real time-index that tracks the debt of S&P 500 companies Thomson Reuters, a leading source of intelligent information for businesses and professionals, today announced its appointment by S&P Dow Jones Indices, one of the world’s leading index providers, to provide end-of-day as well as terms and conditions […]

MAJOR UPGRADE TO SUGARLOAF AMI RESERVES AND RESOURCES Empyrean, the profitable US onshore oil, gas and condensate exploration, development and production company with assets in Texas and California, has announced a significant increase in its Reserves and Resources at its flagship Sugarloaf AMI assetin the liquids rich core of the Eagle Ford Shale in Texas, […]