HOUSTON--(BUSINESS WIRE)--Erin Energy Corporation (Erin Energy or the Company) (NYSE MKT:ERN) announced today it has obtained an eighteen-month extension of the Initial Exploration Period (IEP) of its offshore Kenya blocks, L27 and L28. The IEP on blocks L27 and L28 has been extended to February 2017. “We are delighted to receive this eighteen-month extension,” said Segun Omidele, Senior Vice President, Exploration and Production. “This additional time to evaluate these blocks will allow us [Read more]

LAS VEGAS--(BUSINESS WIRE)--A recently released industry research report is forecasting the enhanced oil recovery (EOR) market is expected to grow at a robust 16.9 percent clip between now and 2019. This glowing prospect has confirmed First Titan Corp’s. (OTCBB:FTTN) own information and bolstered the company’s plans to enter this increasingly promising market. The Global EOR Market 2015-2019 report, issued by consulting firm Technavios, gives several reasons why this crude oil production [Read more]

NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE:HES) announced today that John Hess, Chief Executive Officer, will present at the 2015 Barclays CEO Energy-Power Conference in New York on September 10 at 7:45 a.m. EDT. A live audio webcast and a replay of the presentation will be accessible via Hess Corporation’s website. About Hess: Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess [Read more]

ABERDEEN, Scotland--(BUSINESS WIRE)--Weir Oil & Gas today announced that industry-first field testing conducted in conjunction with an internationally recognized, independent testing facility in the United States confirms that Weir’s SPM® Flow Line Safety Restraint (FSR) system outperforms the restraint systems of other industry leaders. Test results were revealed at the SPE Offshore Europe Conference & Exhibition held in Aberdeen, Scotland. Restraint systems are designed to help contain [Read more]

DANBURY, Conn.--(BUSINESS WIRE)--Praxair, Inc. (NYSE: PX), a global leader in the production and supply of helium, announced today that it has taken another step in enhancing its helium supply portfolio by signing a long-term agreement for the purchase of helium from Nacogdoches Oil & Gas (NOG). NOG operates a helium-bearing gas field in Apache County, Arizona, and will supply up to 100 million scf per year of helium under the agreement, with the potential for further expansion. “Developing [Read more]

OKLAHOMA CITY--(BUSINESS WIRE)--Chesapeake Energy Corporation (NYSE:CHK) today announced it has finalized new gas gathering agreements with the Williams Companies (NYSE:WMB) in its Haynesville Shale operating area located in northwest Louisiana and its dry gas Utica Shale operating area located in eastern Ohio. Key attributes include: Significant improvement in per unit gathering rates established in two major growth assets beginning in 2016, leading to enhanced volume growth Combination of [Read more]

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Energen Corporation (NYSE: EGN) senior managers will meet with members of the investment community at the Barclays CEO Energy-Power Conference in New York on September 9-10, 2015. The Company will broadcast its formal presentation live over the Internet on Thursday, September 10, at 9:45 a.m. ET. The live Webcast of the presentation may be accessed via Energen’s home page, http://www.energen.com or on [Read more]