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Oil and Gas News

Huge Backlog Could Trigger New Wave Of Shale Oil
January 22, 2019 (Investorideas.com Newswire) The number of drilled but uncompleted wells (DUCs) in the U.S. shale patch has skyrocketed by roughly 60 percent over the past two years.

Oil and Natural Gas Pipe Demand to Grow 11% Annually Through 2022
January 2, 2019 (Investorideas.com Newswire) Demand for oil and natural gas pipe is forecast to grow 11% annually to $15.4 billion in 2022, a strong recovery from severe declines seen during the 2012-2017 period.

Oil Driller Hits Milestone in the Permian Basin
December 31, 2018 (Investorideas.com Newswire) Oil and gas drilling company hits a milestone at its 133,000 acre position in the Permian Basin in Texas.

Rating Downgraded on Energy Company on Oil & Gas Price Weakening
December 31, 2018 (Investorideas.com Newswire) A bearish outlook for both oil and natural gas, as well as a hedge monetization, are among the reasons for the Raymond James rating change.

Energy Firm's 2019 Guidance Reflects 'Challenged Canadian Gas Market'
December 28, 2018 (Investorideas.com Newswire) A CIBC report explained the backdrop for this junior oil/gas company's 2019 projections.

Small-Cap Company Striking Oil in Asia
December 21, 2018 (Investorideas.com Newswire) Natural oil and gas company strikes oil in Asia, and releases strong numbers for its 2018 Q3 financial and operating results.

U.S. Pressure Pumping Company Lowers Q4/18 Revenue Guidance
December 14, 2018 (Investorideas.com Newswire) A Stifel report explains the reasons behind the guidance revision and shares its 2019 outlook for the oilfield services firm.

Mackie Analyst Sees Supercharged Revenue Growth for Energy Storage Firm
December 14, 2018 (Investorideas.com Newswire) Energy storage manufacturer opens up global distribution channels as long-standing partner Mercedes Benz Energy endorses product.

Alberta-Based Oil & Gas Firm Makes 'Right Choice' in Lowering Dividend
December 7, 2018 (Investorideas.com Newswire) A CIBC report notes the move increases this company's financial flexibility.

Why This Oil Stock Will Be a Screaming Buy Between Now and the End of December
December 6, 2018 (Investorideas.com Newswire) Keith Schaefer, publisher of Oil & Gas Investments Bulletin, profiles a small-cap oil and gas firm active in the Oklahoma STACK that he believes stands out from the pack.

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Oil and Gas News from GlobeNewswire

Shell Midstream Partners, L.P. Declares 4.7% Increase in Quarterly Distribution

Houston, Jan. 24, 2019 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE: SHLX) announces that the Board of Directors of its general partner declared a cash distribution of $0.4000 per limited partner unit for the fourth quarter of 2018.  This represents an increase of 4.7 percent over the previous quarterly distribution of $0.3820 per unit and a 20.1 percent increase over the distribution paid with respect to the fourth quarter of 2017.  With this distribution increase, the partnership has achieved its distribution guidance for 2018. The distribution will be paid February 14, 2019 to unitholders of record as of February 4, 2019.  

TAX CONSIDERATIONS

This release is intended to be a qualified notice to nominees as provided for under Treasury Regulation Section 1.1446-4(b)(4) and (d). Please note that 100 percent of Shell Midstream Partners, L.P.’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of Shell Midstream Partners, L.P.’s distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate for individuals or corporations, as applicable. Nominees, and not Shell Midstream Partners, L.P., are treated as the withholding agents responsible for withholding on the distributions received by them on behalf of foreign investors.

Prosafe SE: Prosafe ranked first in Brazil auction

Prosafe has participated in an online auction for the supply of safety and maintenance support vessels to Brazil and on conclusion of the auction achieved first place commercial ranking.

Thunder Energies (TNRG) Advances the Development of a Real Time Detector of Precious Metals in Mining Operations

TARPON SPRINGS, Fla., Jan. 24, 2019 (GLOBE NEWSWIRE) -- Dr. Ruggero M. Santilli, CEO and Chief Scientist of Thunder Energies Corporation, a publicly traded company with stock symbol (OTC: TNRG), announces advances in the development of the real time detection of precious metals in mining operations illustrated in the short movie (http://pubrelco.com/index.php/tec-mining-dns).

Dr. Santilli states: "As indicated in preceding releases, precious metals can be identified in real time via the detection of photons they emit when irradiated with neutrons. Our company is in production and sale of the basic equipment, that for the production of neutrons synthesized on demand from a hydrogen gas in the needed direction, numbers and energy (http://thunder-energies.com/docs/TEC-DNS-3Za.pdf). Photon detectors are commercially available. Therefore, we are seeking funds for the construction of a prototype Precious Metal Detection Station."

Forward Looking Statements
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

Dr. Ruggero M. Santilli
Thunder Energies Corporation
info@thunder-energies.com
727-940-3944

Parex Resources Announces Approval of Automatic Share Purchase Plan

CALGARY, Alberta, Jan. 24, 2019 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX:PXT), announced today that the Company has entered into an automatic share purchase plan with a broker in order to facilitate repurchases of up to 11,436,964 of its common shares pursuant to the Company's previously announced normal course issuer bid (see the Company's press release dated December 18, 2018). Under the Company's automatic share purchase plan, the Company's broker may repurchase shares under the normal course issuer bid during the Company's self-imposed blackout periods. Purchases will be made by the Company's broker based upon the parameters prescribed by the Toronto Stock Exchange and applicable securities laws and the terms of the plan and the parties' written agreement. The automatic share purchase plan has been approved by the Toronto Stock Exchange and will be implemented effective January 28, 2019.

SeaBird Exploration: contract extensions

SeaBird Exploration is pleased to announce the extension of two existing contracts:

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Large cap and junior small cap energy stocks on all exchanges including NYSE, NASDAQ, OTC, TSX, TSX Venture, ASX, AIM and global stock exchanges - over 700 stocks

3D Oil Limited ( ASX.TDO.AX ) formation was motivated by an initial focus on the Gippsland Basin which has been one of the most prolific oil and gas producing region in Australia. The Company's strategy is to target a combination of favourable technical and commercial considerations and exploit niche positions. 3D Oil currently has interests in exploration permits in the offshore Gippsland and Otway Basins of South East Australia.

49 North Resources Inc. ( TSX:FNR.V ) is a Saskatchewan focused resource investment company with strategic operations in financial, managerial and geological advisory services and merchant banking. Our diversified portfolio of assets includes direct project involvement in the resource sector, as well as investments in shares and other securities of junior and intermediate mineral and oil and gas exploration companies.

88 Energy Limited ( LSE:88E.L ) (Formerly Tangiers Petroleum Ltd.) is an exploration company that has acquired ~100,000 acres, onshore Alaska, in a world class exploration asset targeting liquids rich conventional and unconventional plays.

Abraxas Petroleum Corporation ( NasdaqCM:AXAS ) is a San Antonio based crude oil and natural gas exploration and production company with operations across the Rocky Mountain, Permian Basin and onshore Gulf Coast regions of the United States.

ACTIVENERGY INCOME TRUST UNITS ( TSX:AEU-UN.TO ) invests in a diversified portfolio of dividend paying energy companies operating in Canada and the U.S. To provide further diversification, the Fund also invests in oil and gas exploration and development companies as well as oil sands common stocks.

Adams Resources And Energy ( NYSE MKT:AE ) through its subsidiaries, is engaged in the business of marketing crude oil, tank truck transportation of liquid chemicals; and oil and gas exploration and production.

Adira Energy Ltd. ( TSX:ADL.V ) is an oil and gas company which is focused in the Eastern Mediterranean. The Company has one petroleum exploration licenses offshore Israel; the Yitzhak license, located 17 km offshore between Hadera and Netanya.

ADX Energy ( ASX:ADX.AX ) is an Australian Stock Exchange (ASX) listed oil and gas exploration and appraisal company. ADX operates four oil and gas permits in North Africa and Europe. The company is headquartered in Perth, Western Australia with additional offices operating out of Baden (Austria), Tunis (Tunisia) and Bucharest (Romania).

Africa Oil Corp . ( TSX:AOI.TO ) is a Canadian oil and gas company with assets in Kenya and Ethiopia, and an equity interest in Africa Energy Corp.

Aker Solutions ( Oslo:AKSO.OL ) is a global provider of products, systems and services to the oil and gas industry. Its engineering, design and technology bring discoveries into production and maximize recovery. The company employs approximately 16,000 people in about 20 countries.

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