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Saudi Arabia strongly backs ‘swift response’ after Gulf of Oman incident

3 hours ago NAMEX Comments Off on Saudi Arabia strongly backs ‘swift response’ after Gulf of Oman incident
A Saudi minister is demanding a “swift and decisive response” to any threat to global oil supplies, calling the recent attacks on two tankers “a terrorist act.” Riyadh has agreed with US claims that Iran was behind that incident. A “swift and decisive response to the threat to energy supply” is needed to ensure “the Read More

Jamie Martin: Advice from an introvert — Even good moms need to take breaks from their kids (really)

5 hours ago NAMEX Comments Off on Jamie Martin: Advice from an introvert — Even good moms need to take breaks from their kids (really)
“Mommy, sometimes do you not want to be with me? Because sometimes I feel like you don’t want me with you.” The little voice rose up beside me on the brown leather sofa, at the end of a looooonnnng day that still wasn’t over. I looked down into the wide eyes of my son Jonathan, Read More

Turning away from the dollar: Russia & EU keen on switching to national currencies for mutual trade

8 hours ago NAMEX Comments Off on Turning away from the dollar: Russia & EU keen on switching to national currencies for mutual trade
Moscow and Brussels are keen on quickly extending the use of the ruble and the euro to bilateral payments, the Russian Finance Minister said, after a meeting with the European Commission for Energy Union’s vice-president. During their talks in Moscow this week, Russia’s Anton Siluanov and commissioner Maros Sefcovic, discussed switching to the national currencies Read More

Atlantic Petroleum Orlando Field Production Update

21 hours ago NAMEX Comments Off on Atlantic Petroleum Orlando Field Production Update
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act Tórshavn, Faroe Islands, 2019-06-14 20:10 GMT (GLOBE NEWSWIRE) — P/F Atlantic Petroleum (NASDAQ Copenhagen: ATLA DKK & Oslo Stock Exchange: ATLA NOK) announces the initial Orlando field production results following the disclosure of production information from the Licence Operator Read More

Marksmen Announces Proposed Issuance of Debenture

21 hours ago NAMEX Comments Off on Marksmen Announces Proposed Issuance of Debenture
CALGARY, Alberta, June 14, 2019 (GLOBE NEWSWIRE) — Marksmen Energy Inc. (“Marksmen” or the “Company”) (TSX Venture: MAH) (OTCQB: MKSEF) announces that it has reached an agreement in principal to issue a non-convertible secured debenture (“Debenture”) for gross proceeds of $1,250,000 and issue 1,800,000 share purchase warrants of the Company (the “Warrants”). Each whole Warrant entitles Read More

Pope Francis tells oil execs that radical energy transition is needed

23 hours ago NAMEX Comments Off on Pope Francis tells oil execs that radical energy transition is needed
Pope Francis has warned oil executives that a “radical energy transition” over to clean, low-carbon power sources is needed to stave off the effects of a rapidly warming planet, AP reports. The pontiff told the leaders at a summit in the Vatican on Friday that there was still time to avoid the worst effects of Read More

Houston American Energy begins producing from Frost 1-H well in Yoakum County

24 hours ago NAMEX Comments Off on Houston American Energy begins producing from Frost 1-H well in Yoakum County
6/14/2019 HOUSTON — Houston American Energy Corp. today announced an update on operations on the Frost #1H well located in the Northwest Shelf of the Midland basin, in Yoakum County, Texas. Frac operations for the Frost 1-H have been completed and the well has been put on production as of June 5, 2019. The well Read More

Parsley Energy says it is “attractive” for any buyer

24 hours ago NAMEX Comments Off on Parsley Energy says it is “attractive” for any buyer
By Stephen Cunningham on 6/14/2019 WASHINGTON (Bloomberg) — Parsley Energy Inc. said it would be “attractive” for any potential buyer as the U.S. shale driller expects to generate positive free cash flow in the back half of this year. “We are attractive for purchasers whatever type of investor it is,” CEO Matt Gallagher said in Read More

GE poised for significant power orders in Iraq after U.S. push -sources

24 hours ago NAMEX Comments Off on GE poised for significant power orders in Iraq after U.S. push -sources
NEW YORK/BAGHDAD/WASHINGTON (Reuters) – General Electric Co potentially stands to win a large share of multibillion-dollar contracts to rebuild Iraq’s electricity system, reflecting a change in how Iraq intends to award the work after the United States lobbied for GE, according to sources familiar with the matter. FILE PHOTO: The General Electric logo is pictured Read More

UPDATE 3-Pope backs carbon pricing to stem global warming and appeals to deniers

1 day ago NAMEX Comments Off on UPDATE 3-Pope backs carbon pricing to stem global warming and appeals to deniers
VATICAN CITY (Reuters) – Pope Francis said on Friday that carbon pricing is “essential” to stem global warming – his clearest statement yet in support of penalizing polluters – and appealed to climate change deniers to listen to science. Pope Francis addresses energy representatives at the end of a two-day meeting at the Academy of Read More