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2010
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As part of its long term monitoring and research program in the Gulf of Mexico, BP is deploying a new technology that will enable nearly constant monitoring by two satellite-controlled, unmanned vehicles.
The vehicles, known as Wave Gliders and developed by Liquid Robotics in Silicon Valley, California, get their propulsion power from wave action and ... more
Targa Resources Partners LP ("NGLS" or the "Partnership") (NYSE:NGLS)
announced today that it has completed the previously announced acquisition
from Targa Resources, Inc. ("Targa") of Targa's 63% interest in the natural
gas gathering and processing business located in Southeast New Mexico and
West Texas known as the Versado System.
Total value of the ... more
Abu Dhabi National Energy Company PJSC (TAQA), a company listed on the Abu Dhabi Securities Exchange (ADX: TAQA), announced today the signing of agreements for the transfer of a 24% stake in the Bergermeer Gas Storage project previously owned by Dyas B.V. and Petro-Canada Netherlands B.V. to TAQA for an undisclosed amount.
The transfer is subject to the approval ... more
Transforming arid farmland into land yielding clean power and jobs, Gov. C.L. “Butch” Otter joined executives of GE (NYSE: GE) and its partners today to celebrate the start of construction of the state’s largest wind power project, 8 miles from the Oregon Trail where American pioneers pushed westward across the continent.
ABB, the leading power and automation technology group, will present some of its latest technologies to improve energy efficiency and grid reliability, and to advance the evolution of smarter and more flexible grids, at the Cigré event in Paris from August 23-27, 2010. The biennial power technology gathering is a premier event and platform for [...]
STX Norway Offshore has signed contracts for the building of two icebreaker tugs to JSC Circle Marine Invest. The vessels will be delivered in 2011, and the total value of the two contracts amounts to approximately NOK 450 million.
DONG Energy has sold 15% of the Svane and Solsort licences (4/98 and 3/09) in
the Danish sector of the North Sea to VNG Danmark ApS. DONG Energy is reducing
its licence interests as part of its portfolio optimisation.
Wolf 1
Progress and Status:
Origin Energy, on behalf of the L11 Joint Venture, advises that Wolf 1 gas appraisal well spudded on 17 July using the Weatherford drilling rig 826. This well was drilled to appraise the extent of the gas accumulation discovered by the Redback South 1 well, drilled in 2009.
The well reached ... more
AMEC delivers a record operating performance
H1 2010 highlights
Record operating performance – supported by organic growth across the business
- Revenue £1,429.5 million, up 13 per cent
- EBITA1 £113.5 million, up 20 per cent; margin 7.9 per cent, up 40 basis points ... more
A US$12-billion joint venture between Shell International Petroleum Company Limited (Shell) and Cosan S.A. (Cosan) moved closer to reality today when the two companies signed binding agreements.
The proposed joint venture, which still requires regulatory approval, will produce and commercialise ethanol and power from sugar cane and distribute a variety of industrial ... more
All of 900 million barrels of oil equivalents on Snorre confirm Statoil’s faith in another 30 years’ production on Tampen.
The Statfjord, Gullfaks and Snorre fields form the backbone for production on Tampen in the North Sea.
“On Statfjord we have 30 years’ oil production behind us. Snorre can give us the opportunity ... more
Willbros Group, Inc. (NYSE: WG) announced today that the Naval Facilities Engineering Command (NAVFAC) has awarded Willbros Government Services five separate task orders under its global $350 million multiple-award indefinite delivery-indefinite quantity (IDIQ) construction and construction services contract for Petroleum, Oil and Lubricant (POL) fuel systems.
The task ... more
Ensco plc (NYSE: ESV) reported today that it is now in possession of ENSCO 69, a jackup drilling rig that was reclassified as discontinued operations in second quarter 2009. As previously reported, Ensco terminated its contract for the rig with Petrosucre (a subsidiary of the Venezuela national oil company PDVSA) ... more
Baker Hughes Incorporated (NYSE: BHI) announced that it has received notice today that the Antitrust Division of the US Department of Justice (DOJ) has approved Superior Energy Services as the purchaser of the two stimulation vessels (the HR Hughes and the Blue Ray) and certain other assets used to perform sand control services in the US Gulf of Mexico. These assets ... more
DeepFlex today announced one of its all-composite flexible pipes has been used by Saipem S.p.A. to commission a deepwater export line offshore Brazil for Petrobras. The Saipem vessel Normand Cutter deployed the DeepFlex downline in 1500 meters of water to prepare the 174 kilometer, 18 inch Urugua export pipeline for operation in the Santos basin.
The DeepFlex pipe ... more
Deep Down, Inc. (OTC Bulletin Board: DPDW), an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services, today announced it has teamed up with Core Industries ("CORE") to permanently locate a 3,200 MT Carousel System (the "Carousel") at CORE's deepwater port facility near Mobile, Alabama. The Carousel ... more
please download the .pdf
Highlights
- Production of 46,600 boepd, up 17 per cent on first half 2009 (39,700 boepd)
- Main development projects progressing on schedule to meet target of ... more
Liberty Energy Corp.
(OTCBB:LBYE) ("Liberty" or "the Company") is pleased to announce that work
has started on the Dahlstrom #1 Well, Jackson County, Texas.
The company has commenced work and has already seen the pressure of the well
rise significantly to over 1625 PSI. The production the company has been
getting up to this point appears to have ... more
Ivanhoe Energy Inc.
(TSX: IE, NASDAQ: IVAN) today announced that Sunwing Energy Ltd., the
company's wholly-owned subsidiary, has started drilling Yixin-2, located in
its Zitong gas exploration block in the Sichuan Province of China. This well
follows the commencement of drilling of the Zitong-1 well in mid-June 2010.
Yixin-2 is being drilled as a ... more
Tap Oil Limited (ASX Code: TAP) is pleased to advise that the onshore exploration well, Mawar-1 in Block M, Brunei Darussalam spudded today.
Mawar-1 is the first well to be drilled in an initial two well exploration program in Block M, where Tap is the operator of the block. It is the first well to be drilled in Block M since 1988 and is the first well drilled ... more
KBR (NYSE: KBR) announced today that it has been selected by BP to undertake the second stage of concept selection and definition for the onshore terminal and export pipelines for BP’s West Nile Delta Development in Egypt.
“The project is an important one for the Egyptian market and capitalizes on KBR’s experience in this region. We look ... more
Insituform Technologies, Inc. (Nasdaq Global Select Market: INSU) announced today that it has been awarded a contract valued at approximately $7 million by the City and County of Honolulu, Hawaii to rehabilitate nearly 1,400 feet of a 69-inch diameter pipeline beneath Ala Moana Boulevard, one of the main access roads to Waikiki Beach.
Using Insituform® ... more
Resolute Energy Corporation (“Resolute”) (NYSE: REN) today announced that it has entered into an agreement with Marathon Oil Company (“Marathon”) (NYSE: MRO) to develop approximately 19,000 gross acres (8,425 net to Resolute) in the Bakken trend in McKenzie County, North Dakota. The agreement enables Resolute to increase its net lease holdings in the Bakken ... more
Kongsberg Maritime has signed a contract with BW Offshore Singapore to supply an ACET-package on an Engineering, Procurement & Construction (EPC) basis for the Kangean Energy Indonesia gas FPSO, which will operate on the Terang Sirasun Batur (TSB) fields in Indonesia. The contract is valued close to USD 20 million.
Kongsberg Maritime's scope of supply includes design, ... more
Mitsubishi Corporation (“MC”) has announced that today it has entered into an agreement (the “Agreement”) in connection with investing in a natural gas development project centered on shale gas in the Cordova Embayment of northeastern British Columbia, Canada. The project is owned by a senior independent Canadian oil and natural gas producer, Penn West ... more
What the Microsoft scion thinks about the modern carbon quandary
Over the last few months, I’ve been sorting through your nominations for Oilweek’s 2010 Producer and Supplier of the Year awards, and now the real fun begins. You get to vote on our five finalists. This year, from online nominations and straw polls amongst the editorial types here at JuneWarren-Nickle’s Energy Group, we’ve narrowed your [...]
Gasoline may be expensive on the continent, but industry isn't paying big bills
August 25,2010 -- The U.S. Army Corps of Engineers has awarded Andritz Hydro Corp. an $8.3 million contract to replace equipment in the Snake River excitation system, encompassing exciters in three hydropower projects in Washington. ....
100 per cent renewable power is not a fantasy, but it's not cheap, either
DONG Energy has sold 15% of the Svane and Solsort licences (4/98 and 3/09) in
the Danish sector of the North Sea to VNG Danmark ApS. DONG Energy is reducing
its licence interests as part of its portfolio optimisation.
An appraisal drilling of the Svane field carried out in 2001 by the then
operator ConocoPhillips indicated the possible presence of ... more
Heating oil futures prices may hit new highs this year because of higher crude oil prices and the fact that a new refinery has not been built in the United States since 1976. This limited refinery capacity leaves heating oil futures prices vulnerable to price spikes if there are refinery problems, weather problems, political tensions in an oil producing region of the world or ... more
Caspian Oil & Gas acquired an additional 27 kilometres of seismic within the Company’s West Mailisu prospect, Kyrgyz Republic, in May 2010.
The acquisition consisted of four lines to evaluate three leads that were interpreted using previous
coverage.
The interpretation of the new seismic confirmed the presence of one prospect and one strong lead ... more
Bowleven, the West Africa focused oil and gas exploration group listed on AIM, is pleased to announce that it has successfully completed its planned testing programme on the IE-3 appraisal well on the Etinde Permit, offshore Cameroon. The testing programme comprised multiple drill stem tests (DST) over various reservoir intervals.
Highlights
o Increased likelihood ... more
The world's largest subsea engineering and project management company, Wood Group Kenny, has been awarded the Front End Engineering Design (FEED) and related project management support activities for the BG Norge AS, Jordbaer field development.
The proposed field development, located in the North Tampen region consists of a stand-alone FPSO with two drill centres in a water ... more
Buccaneer Energy Limited (“Buccaneer” or “the Company”) is pleased to advise that its wholly owned subsidiary Buccaneer Alaska, LLC has entered into a binding agreement with Chevron Corporation to acquire the remaining 50% working interest (2,506 net acres) that it does not already own in 2 leases on its North Middle Ground Shoal (Southern Cross Unit) ... more
PetroNeft Resources plc (AIM: PTR) owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, is pleased to provide an update on its operations at Licence 61.
Highlights:
· Year-round production commenced on Licence 61 in Tomsk Oblast
· Production of 4,000 bopd expected by end 2010
· Seventh ... more
Regal, the AIM-listed oil and gas exploration and production group (symbol: RPT), is pleased to announce the spud of exploration well E-1 Sagna on 22 August 2010 in its 100%-held Barlad Concession in Romania.
E-1 Sagna is being drilled based on an expanded network of 2D seismic profiles close to Regal's RBN-4 gas discovery announced on 13 December 2007. The well ... more
Norwegian Energy Company ASA (Noreco, OSE:NOR) has entered into an agreement with BG Norge to acquire a 10% interest in PL392 in the Norwegian Sea through a carry of drilling cost. The license contains the Dalsnuten prospect, which is scheduled to be drilled in September 2010.
- The transaction provides Noreco with a high impact near term drilling opportunity and ... more
Northern Indiana Public Service Company (NIPSCO), the Indiana Office of Utility Consumer Counselor (OUCC) and other key customer stakeholders have reached a settlement agreement in NIPSCO's pending natural gas rate case. The settlement was filed with the Indiana Utility Regulatory Commission (IURC) on Tuesday, Aug. 24, 2010, and is subject to commission review and approval.
more
Air Products (NYSE: APD) today announced it has filed notification with the Federal Trade Commission ("FTC") as required under the Hart-Scott-Rodino Antitrust Improvement Act of 1976 for the acquisition of Airgas (more
Siemens Energy has been awarded a contract from Mississippi Power Company, a subsidiary of Southern Company, to supply two SGT6-PAC 5000F gas turbine packages. These gas turbines will be installed in a coal-fired integrated gasification combined-cycle (IGCC) power plant using Southern Company's proprietary TRIG(TM) gasification technology. Approximately 65 percent of CO2 emissions ... more
Yesterday Sasol, through Sasol Petroleum International Pty Limited (SPI), the wholly owned upstream oil and gas subsidiary of Sasol Limited, and PETRONAS announced the joint assignment of a 15% participating interest in the M-10 Block, offshore Mozambique to Empresa Nacional de Hidrocarbonetos (ENH), the Mozambique national hydrocarbon exploration company. This results in an ... more
Yesterday Sasol, through Sasol Petroleum International Pty Limited (SPI), the wholly owned upstream oil and gas subsidiary of Sasol Limited, and PETRONAS announced the joint assignment of a 15% participating interest in the M-10 Block, offshore Mozambique to Empresa Nacional de Hidrocarbonetos (ENH), the Mozambique national hydrocarbon exploration company. This results in an ... more
ProSep Inc. /quotes/comstock/11t!prp (CA:PRP 0.10, 0.00, 0.00%) , dedicated to providing process solutions to the oil and gas industry, today announced that it has received new contracts in the United States, South America and Asia Pacific for a total of $2.4 million (US).
"We ... more
The pipeline
management system for the Bunde-Etzel gas pipeline (BEP) in Western Europe
will be provided by GL Noble Denton, a global technical advisor to the oil
and gas industry. The BEP involves the connection of a 48" pipeline from gas
storage facilities which are currently under development in Etzel, Germany,
to the Gas Transport Services (GTS) Entry ... more
STX Norway Offshore has signed contracts for the building of two icebreaker tugs to JSC Circle Marine Invest. The vessels will be delivered in 2011, and the total value of the two contracts amounts to approximately NOK 450 million.
"We look forward to continuing the good cooperation with JSC Circle Marine Invest. We have in total ... more
Two projects to enhance Natural Gas Processing Facilities at
Hazira and Uran
Larsen and Toubro Limited (L&T) has bagged two projects worth Rs 1195 crore from ONGC to set up Additional Processing Units at its Gas Processing complexes at Hazira ... more
INPEX CORPORATION (INPEX) is pleased to announce that it has been granted approval by the authority of the Government of the Democratic Republic of Congo (DR Congo) to acquire a 20% participating interest of the Nganzi Block with SOCO Exploration & Production DRC (SOCO), a subsidiary of SOCO International plc.
The Nganzi Block is located onshore western ... more
Roc Oil (China) Company, on behalf of the Beibu Gulf project joint venture, is pleased to announce that the Supplemental Development Agreement ("SDA") to the Petroleum Contract for development of the WZ 6-12 and WZ 12-8 West Oil Fields in the Beibu Gulf, offshore China was signed in Beijing on 24 August.
The SDA outlines the commercial terms that were agreed with ... more
Petsec Energy Ltd (“PSA”) is pleased to report a critical milestone for the development of three Beibu Gulf, China, oil fields in which Petsec has an interest.
The milestone was achieved yesterday, the 24th August, in Beijing with the signing by China National Offshore Oil Corporation Ltd (“CNOOC”) of the Supplemental Development Agreement (“SDA”) ... more
The fourth interregional professional excellence contest among employees of TNK-BP Upstream subsidiaries has finished in Nizhnevartovsk. 106 representatives of 14 enterprises in West Siberia and the Orenburg, Novosibirsk, and Irkutsk Regions competed for the title “Best in Profession.” Winners were chosen in six nominations.
Diplomas ... more
Eagle Ford Oil & Gas Corp. (OTC Bulletin Board: ECCED) announces the acquisition of a farm-in of a 1% working interest in 2,400 acres and the drilling of two wells in the Eagle Ford Shale formation located in Live Oak County in South Texas. The Dena Forehand #2H and the Kellam #2H have been drilled but not completed. The fracturing of these two wells has been scheduled to ... more
Empire Petroleum Corporation (OTCBB: EMPR), a Tulsa, Oklahoma, based company, announced that it is planning to set production casing and within two or three weeks will attempt to complete its exploratory test well located in Nye County, Nevada. The Company reported on August 17th that it had recovered a small amount of oil from the Empire Paradise Unit 2-12. Subsequent ... more
August 24,2010 -- Electricity sector leaders in Laos have said the country will build at least two hydropower plants every year until 2020, according to wire reports from the region. ....
August 24,2010 -- Pacific Gas and Electric Company announced it has filed a request with state regulators for funding to study the feasibility of building a pumped-storage hydro project in the Mokelumne River watershed in Amador County. ....
Tuesday, Aug 24, 2010
GE Oil & Gas confirms that it has entered into contracts to supply equipment and long-term service to PNG LNG.
Mustang selected by Ecopetrol Transporte Division for capital project development services in Colombia
18-08-2010
BASF to build dispersions plant in Huizhou to better serve growing markets in South China
16-08-2010
Jacobs Receives Contract From Heurtey Petrochem for New Hydrogen Plant in Serbia
11-08-2010
CB&I Announces Technology Award for PDH Plant in China
10-08-2010
Shaw Selected to Provide Project Management Consultancy Services for Base [...]
CTC Marine provides project-driven solutions and specialist technology for subsea construction, installation and trenching around the world.
With an experienced team behind some of the world’s most technically advanced fleet of marine trenching vehicles, CTC is able to offer a comprehensive range of R&D, geotechnical analysis, project and offshore management and engineering solutions, which expand the [...]
August 24,2010 -- Operations have begun at the Gissarak hydro plant in the Kashkadarya region of Uzbekistan, according to wire reports. ....
HOUSTON - BP, which has transitioned its individual and business claims program to the Gulf Coast Claims Facility (GCCF), said today it made claim payments of nearly $400 million during the 16 weeks it managed claims related to the oil spill in the Gulf of Mexico.
BP noted the following claims activity since May 3 when it paid its first claim: ... more
Base Oil & Gas Ltd.
("Base" or the "Company") (TSX VENTURE: BOG) is pleased to update the results of its second horizontal Cardium well in the South Pembina area.
The well was stimulated with a 13-stage frac program on August 17, and was flowed for three days. A production test over the subsequent ... more
Origin Energy (“Origin”) today announced a 10 per cent increase in Underlying Profit to $585 million for the financial year ended 30 June 2010 when compared with the prior year, including expenses associated with an expanded level of domestic offshore and international exploration. Excluding these expenses, Underlying Profit increased by 15 per cent to $609 million ... more
GE Oil & Gas confirms that it has entered into contracts to supply equipment and long-term service to PNG LNG.
GE will provide PGT25+G4 gas turbines and centrifugal compressors for two LNG trains at the Hides gas conditioning plant. The service contract covers maintenance of 13 turbo compressor trains as well as other performance benefits.
The ... more
Total E&P Norge AS has received consent to conduct exploration drilling in the central part of the North Sea using the mobile facility Ocean Vanguard.
The consent relates to the drilling of well 25/5-7, situated about 22 km east of Heimdal (see location map), which is part of production licence 102 C.
The ... more
Nalco (NYSE:NLC), providing essential expertise for water, energy and air, today announced the acquisition of substantially all of the businesses and assets of Fabrication Technologies, Inc. based in Casper, Wyo. Renamed Nalco Fab-Tech LLC, the company employs 60 people and designs, fabricates and installs complex injection and fluid treatment facilities. Nalco Fab-Tech backs ... more
Non-cash fuel payment operator Magistral-Kart (part of the TNK-BP group of companies) and the Webmoney Transfer payment system are offering motorists a joint online fuel payment service called WM2TNK. It is now possible to order and top up TNK fuel cards via Webmoney.
“We’re confident that the WM2TNK service will be popular with Russian motorists. Electronic ... more
Capstone Turbine Corporation (www.capstoneturbine.com ) (Nasdaq:CPST), the
world's leading clean technology manufacturer of microturbine energy
systems, recently received an order for 18 C65 microturbines for one of the
world's largest independent oil and natural gas companies.
Capstone distributor Pumps & ... more
Canacol Energy Ltd. ("Canacol" or the "Corporation") (TSX VENTURE:CNE)(BVC:CNEC) is pleased to provide an update of its development drilling program at its operated Rancho Hermoso Field located in the Llanos Basin of Colombia, which is operated under a contract with Ecopetrol, the state oil company of Colombia. The Corporation has completed flow testing of the Guadalupe reservoir ... more
Saudi Aramco today announced the appointment by Royal Order of a new Board of Directors.
The new Board of Directors, appointed to a three-Hijrah-year term by the Custodian of the Two Holy Mosques King Abdullah ibn Abdulaziz Al Saud, as of August 25, 2010 (15 Ramadan 1431), includes:
o Minister of Petroleum and Mineral Resources, H.E. Ali I. Al-Naimi, Chairman
o H.E. ... more
Frontier Oil Corporation (NYSE: FTO) today provided an update on the Cheyenne Refinery crude unit that was shut down due to a fire experienced on July 28, 2010. Repairs on the crude unit have been completed. The Company anticipates resuming throughput and production later this week and will provide an update at that time, including estimated quarterly throughput rates and repair ... more
Gran Tierra Energy Inc. ("Gran Tierra Energy")
(AMEX: GTE; TSX: GTE), a company focused on oil and gas exploration and
production in South America, today announced the appointment of Gerry Macey
as an independent Director of the Company.
"We are very pleased to have Gerry join our Board," said Jeffrey Scott,
Chairman of the Board of Directors of ... more
Calvalley Petroleum Inc. (the "Company" or "Calvalley"), an international
oil and gas exploration and production company, based in Calgary, Alberta,
announces additional test results of the Company's Ras Nowmah Oil Field
discovery in the Republic of Yemen.
Additional test data were obtained utilizing a larger capacity downhole pump
("ESP") which ... more
During a 24-hour test of the Middle Bakken formation on August 7, 2010, the Carkuff 12-24H flowed at a daily rate of 3,475 barrels of oil and 2.0 million cubic feet (MMcf) of gas, or 3,805 barrels of oil equivalent (BOE) per day. The initial 24-hour production rate was gauged on a 48/64-inch choke with a flowing casing pressure of 965 pounds per square inch (psi). The well was ... more
CROSCO Integrated Drilling & Well Services Co., Ltd. is pleased to announce the ongoing and successful provision of drilling services for Bankers Petroleum Albania Ltd. with CROSCO 1000 HP drilling rig Ideco 301. Ideco 301 joins CROSCO 900 HP drilling rig Skytop 3 in providing drilling services for Bankers. CROSCO also provides cementing services to Bankers.
Bozidar ... more
SM Energy Company (NYSE: SM) announces today that it is planning to raise at least $300 to $500 million through divestitures of non-strategic assets and/or joint venture agreements over the next 12 months, including the following potential transactions.
“Our goal is to continue to refine our portfolio in a manner that optimizes value for our stockholders. ... more
Imperial Petroleum, Inc. (OTCBB:IPMN) announced that it has purchased the exclusive rights to Canada for the development of a revolutionary process designed to recover bitumen or heavy oil from tar and oil sands. In connection with the purchase, Imperial issued 1.0 million shares of its restricted common stock to Proven Engineering & Technologies LLC, the developer of the ... more
Grant Thornton LLP’s Corporate Advisory & Restructuring Services (CARS) today announced the release of more
OFFSHORE accommodation specialist HB Rentals has secured a contract for four modules offshore Norway and announced a significant investment in its fleet.
HB Rentals has agreed a long-term lease contract with Prosafe to supply four 20ftx8ft A60 Zone II Norsok office modules for the Valhall platform in a £250,000 deal.
The company has invested ... more
The Ministry of Petroleum and Energy has asked Gassco to include the use of vessels when carrying out analyses of gas transport from the Norwegian continental shelf (NCS).
This is intended to highlight opportunities offered by alternatives to pipelines, which rank today as the principal export solution for Norwegian gas deliveries.
Gassco ... more
Craig International Supplies (CIS), a division of global shipping and energy services firm Craig Group, has secured contract renewals estimated to be worth £35 million over the next five years.
The company, which provides oilfield procurement services to the global energy industry, has secured extensions on contracts with Nexen Petroleum U.K. Ltd, Transocean, Chevron ... more
Halliburton Awarded Letter Of Intent For Development Of Majnoon Field In Iraq
23-08-2010
The Schahin Group and MODEC, Inc. Land Guara FPSO for Petrobras and the companies of Consortium BM-S-9
23-08-2010
Global Network Secures Pipe Bin Deal For OEG Offshore
19-08-2010
Sevan and E.ON Ruhrgas agree to extend Letter of Intent for Huntington project
19-08-2010
Sevan Provides Update on Letter of Intent for [...]
August 23,2010 -- The first of two new turbines for Duke Energy's Jocassee pumped-storage hydro station has arrived in the Salem, S.C., area, with the second expected to arrive in early September, local media reported. ....
Halliburton (NYSE: HAL) has been awarded a letter of intent by Shell Iraq Petroleum Development B.V. for the development of the Majnoon field in Southern Iraq.
The giant Majnoon field is one of the world's largest oilfields. The letter of intent provides that Halliburton will serve as project manager for the development work, in affiliation with ... more
Palliser Oil & Gas Corporation ("Palliser" or the "Corporation") (TSX VENTURE:PXL) wishes to advise that Gordon Timm, Vice-President, Land, has submitted his resignation as an officer of Palliser to pursue other opportunities and will continue to work with the Corporation until mid-September, 2010.
Palliser does not presently intend to fill its senior land position ... more
E.S.I. Environmental Sensors Inc. ("ESI" or the "Company") (TSX VENTURE:ESV) is pleased to announce that the Company will hold its 2010 AGM on September 29, 2010.
The 2010 AGM will be held at the Union Club of Victoria, located at 805 Gordon Avenue in Victoria, BC at 2:00 pm Pacific Daylight Time on September 29, 2010. Matters on the Agenda include the election of ... more
TIE Technologies, Inc. (Pink Sheets:TTCS), who operates a portfolio of
Homeland Security assets focused on environmental disaster remediation and
security driven by proprietary smart logistics, telemetrics and advanced IT
solutions, announced today that it has completed engineering and is prepared
to immediately implement its plan to roll out a multi part ... more
Crescent Point Energy Corp. ("Crescent Point" or
the "Company") (TSX: CPG) today closed the previously announced acquisition
of Ryland Oil Corporation ("Ryland") by way of plan of arrangement (the
"Arrangement"). With completion of the Arrangement, Crescent Point further
solidifies its position in the Flat Lake Bakken play in southeast
Saskatchewan and ... more
MODEC announced today that Petrobras, through its wholly owned subsidiary PNBV, on behalf of Consortium BM-S-9, has signed a letter of intent for the supply, respectively, charter, and operations of a Floating, Production, Storage, and Offloading (FPSO) vessel for the BM-S-9 (Guara) Block in the giant "pre-salt" region of the Santos Basin ("Letter of Intent"). The BM-S-9 block ... more
Since the start of 2010, 10 idle wells have been reactivated at the Severo-Varyoganskoe field in TNK-BP’s Varyoganneftegaz target subsidiary with the help of hydraulic fracturing. Their average flow-rate is 13 tons of oil per day.
China Petroleum & Chemical Corp., Asia’s biggest refiner, may extend a slump in profit from making gasoline and diesel as government price controls prevent the company from passing on higher crude-oil costs to customers.
Margins from processing oil fell 45 percent in the first ... more
Tethys Petroleum Limited ("Tethys" or the "Company") (TSX:TPL) today announced that the Ministry of Oil and Gas of the Republic of Kazakhstan ("MOG") has agreed to extend the Exploration Period for the Company's Kul-Bas Exploration and Production Contract (the "Contract") by a further two years until November 11, 2013. Suitable amendments will now be made to the Contract.
more
Kodiak Oil & Gas Corp. (NYSE Amex: KOG) ("Kodiak"), an oil and gas exploration and production company with assets in the Williston Basin of North Dakota and Montana and in the Green River Basin of southwest Wyoming and Colorado, announced today that it received a warning letter from the NYSE Amex LLC ("NYSE Amex") that Kodiak is not in compliance with Section 803A(1) of the ... more
Avalon Oil & Gas, Inc. (OTC Bulletin Board: AOGN) (the "Company" or "Avalon") is pleased to announce the addition of lic. phil. Rene Hausler to its Board of Directors.
Based in Amriswil/Switzerland, Mr. Hausler, a Political and Business Consultant, is Chairman of the Board and Managing Director of all companies of the L'Avenir Group. He also serves as Chairman ... more
Apache Corporation (NYSE:APA) ( NASDAQ: APA) said today it has closed its previously announced offering of $1.5 billion in aggregate principal amount of 5.10 percent notes due 2040.
Net proceeds to Apache, after the underwriting discount and estimated offering expenses, ... more
Since the start of 2010, 10 idle wells have been reactivated at the Severo-Varyoganskoe field in TNK-BP’s Varyoganneftegaz target subsidiary with the help of hydraulic fracturing. Their average flow-rate is 13 tons of oil per day.
A further 5 such operations are planned by the end of this year. Severo-Varyoganskoe ... more
AWE Limited, via its subsidiary Adelphi Energy Limited ("Adelphi"), has now received a reserves report from Netherland, Sewell and Associates, Inc ("NSAI") for the Sugarloaf Area of Mutual Interest.
Adelphi’s net share of reserves is summarised in the table below:
more
Pacific Gas and Electric Company (PG&E) today announced a new energy assistance program designed to help families in need.
The initiative, known as Temporary Energy Assistance for Families (TEAF), is a one-time payment program sponsored by PG&E and administered by The Salvation Army. This program, authorized by the California Public Utilities Commission ... more
The following is a statement from American Association for Justice President Gibson Vance regarding today's release of protocols for the emergency payments from the BP / Gulf Coast Claims Facility:
"As we stated when this fund was first conceived, AAJ is firmly behind efforts to quickly and fairly compensate Gulf Coasters for their losses due to the spill. The voluntary ... more
Epic Energy Resources, Inc. (OTC:EPCC) (BULLETIN BOARD: EPCC) ("Company") announced today that John Ippolito had resigned as President and CEO of the Company and that Alan Carnrite, Chairman of the Board, would serve as interim CEO. In addition, the Company ... more
Veterans in the Gulf States impacted by the recent oil spill may qualify for delayed mortgage payments if their mortgages are already guaranteed by the Department of Veterans Affairs (VA).
“We are strongly urging mortgage companies to extend every possible forbearance to Veterans whose livelihoods have been affected by the oil spill crisis”
“We ... more
State Review of Oil & Natural Gas Environmental Regulations, Inc. (STRONGER), a non-profit organization whose Board is comprised of state, industry and public interest representatives, will be conducting a targeted review of the hydraulic fracturing portions of the oil and gas regulatory program of the Ohio Department of Natural Resources against guidelines developed by STRONGER. ... more
Technip announces today that it has agreed with MISC(1) and MHB(2), subsidiaries of the Malaysia National Oil Corporation Petroliam Nasional Berhad (PETRONAS) to establish a long-term strategic collaboration.
The areas of collaboration would initially involve working jointly on onshore and offshore projects, designing and building offshore ... more
Bergen Group Rosenberg AS will in September start on the main work scope for SBM (Single Buoy Moorings Offshore Contractors) related to the completion of the YME Mobile Offshore Production Unit with Storage (MOPU Stor) jack up platform. The total work scope is currently estimated to be in the order of NOK 55 million.
The Yme platform, which will produce for Talisman ... more
Zola-1 - WA-290-P - Carnarvon Basin, Australia Tap 10%, Apache Operator
The Zola-1 well in WA-290-P is now expected to commence with the Stena Clyde semi-submersible
rig in mid-September 2010.
Mawar-1 and Markisa-1 - Block M, Brunei Tap 39%, Operator
At the Mawar-1 location, ... more
With a change in the ownership of Cairn India inevitable once the Cairn Energy-Vedanta Resources deal is formalised, ONGC will want to resolve the contentious issue of royalty payment for the prolific Barmer oilfields. Since production began last year, ONGC — a 30 per cent stakeholder and licensee of the block — has paid a cumulative royalty of Rs 3.02 billion up ... more
Blackbird Energy has entered into an agreement with the vendor of its Mathers-Gordon Prospect on the Thorndike Field in Gray County, Texas, amending the terms of the original purchase agreement.
The company advised today that it has increased its interest in the prospect from 50% to 75% and has agreed to a one-time payment of US$30,000, to pursue a three-well farmout arrangement ... more
Friday, Aug 20, 2010
FMC Technologies, Inc. (NYSE: FTI) announced today that it has received a call-off order from Total Exploration & Production Angola for the manufacture and supply of additional subsea production equipment. The call-off is for one option included in an existing contract and has a value of approximately $36 million in revenue to [...]
Indian Oil Corporation (IOC) intends to carry out a 3D seismic acquisition over its onshore Cambay Basin exploration Block CB-ONN-2005/7 in Gujarat, India.
IOC said today it is seeking bids from geophysical contractors to conduct the full fold 3D survey which is estimated to encompass an area of some 199 sq km and be acquired with state of the art equipment. It said the ... more
Alba Power has a highly experienced in-house technical support team who are internationally available to inspect defective turbines and recommend cost-effective repair and overhaul options.
For customers who do not want to ship components off-site, we offer extensive field service support services, including full on-site turbine change-out. On-site repairs using Alba Power components and under Alba [...]
Friday, Aug 20, 2010
Crown Point Ventures Ltd. (TSX VENTURE:CWV) (the “Company”) is pleased to announce that the first well (EV 23) of its three well 80% interest drilling program has been completed as a multi- zone oil well. The well was completed with four sets of perforations in the Mina el Carmen formation in the [...]
Bharat PetroResources is farming into Norwest Energy's Perth Basin Blocks EP413 and TP/15 under a letter of intent concluded with the operator earlier this month.
Norwest said today that Bharat will pay up to US$15 million to fund exploration and drilling on the two blocks in exchange for its 50% interest in EP413 from Norwest's 55.606%. In its fully owned TP/15 permit, ... more
Are you looking for a manufacturer to supply Communication Cable Protection in Yemen? Scapa Cable Solutions are a leading supplier of Communication Cable Protection in Yemen and through out Middle East.
With broadband companies competing to offer increased levels of service to online businesses and home users, fibre optic cables are becoming an increasingly popular solution, providing higher speed [...]
Friday, Aug 20, 2010
Africa Oil Corp. (TSX VENTURE:AOI) (”Africa Oil”) and Alberta Oilsands Inc. (TSX VENTURE:AOS) (”AOS”) are pleased to announce that the Minister of Energy for the Republic of Kenya has formally approved the assignment, from Platform Resources Inc. (”Platform”), a wholly-owned subsidiary of AOS, to Africa Oil Kenya B.V., a wholly-owned subsidiary of [...]
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Friday, Aug 20, 2010
The Saiwan East-4 well (”SE-4″) on Block 4 onshore the Sultanate of Oman has successfully been drilled and preliminary results evaluated. The well was drilled 2.9 kilometers to the southeast of the Saiwan East-3 well to a total depth of 2,463 metres. Several oil bearing layers were encountered including the Khufai limestone [...]
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Friday, Aug 20, 2010
A potential oil discovery has been made at the Jenein Centre permit in Tunisia. The exploration well has encountered over 45 meter of reservoir quality sands that has been interpreted as hydrocarbon bearing. The oil and gas company PA Resources has a 35 percent working interest in the permit.
Eden Scott is currently recruiting for an independent and specialist risk management consulting company, with majority employee ownership.
Friday, Aug 20, 2010
SNC-Lavalin is pleased to announce that it has been awarded an engineering and procurement (EP) contract by Grizzly Oil Sands ULC for its new Algar Lake Steam Assisted Gravity Drainage (SAGD) facility located near Fort McMurray in north-eastern Alberta.
Are you looking for a provider of Air Compressors in Norway? Coates Offshore are a leading supplier of Air Compressors in Norway and throughout Europe.
Coates Offshore air rental fleet consists of a combination of ZONE II, SAFEZONE and RIGSAFE compressors. Coates Air Compressors are built to DNV specification and designed with a compact footprint to [...]
Friday, Aug 20, 2010
Overseas Shipholding Group, Inc. (NYSE: OSG), a market leader providing global energy transportation services, announced today that it has signed a new service agreement with Maersk Oil Qatar AS (MOQ) for the FSO Africa, a floating storage and offloading (FSO) service vessel. The duration of the contract is for three years beginning [...]
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Friday, Aug 20, 2010
Oil and gas estimated at between three and 19 million barrels of oil equivalent have been found by Statoil roughly three kilometres east of the Gudrun field in the North Sea.
SNC-Lavalin is pleased to announce that it has been awarded an engineering and procurement (EP) contract by Grizzly Oil Sands ULC for its new Algar Lake Steam Assisted Gravity Drainage (SAGD) facility located near Fort McMurray in north-eastern Alberta.
The project consists of an initial 5,000 barrel per day SAGD central processing facility with associated well pads, ... more
Overseas Shipholding Group and Maersk Oil Qatar Sign New Agreement for FSO Africa
20-08-2010
AMEC awarded £60m contract by EDF Energy for gas storage facility extension
19-08-2010
Sevan and E.ON Ruhrgas agree to extend Letter of Intent for Huntington project
19-08-2010
ASCO Awarded BP and TAQA Logistics Contracts
19-08-2010
Global Network Secures Pipe Bin Deal For OEG Offshore
19-08-2010
Brightoil signs letters of intent for [...]
A potential oil discovery has been made at the Jenein Centre permit in Tunisia. The exploration well has encountered over 45 meter of reservoir quality sands that has been interpreted as hydrocarbon bearing. The oil and gas company PA Resources has a 35 percent working interest in the permit.
The operator Chinook Energy has completed the drilling of an ... more
The Saiwan East-4 well ("SE-4") on Block 4 onshore the Sultanate of Oman has successfully been drilled and preliminary results evaluated. The well was drilled 2.9 kilometers to the southeast of the Saiwan East-3 well to a total depth of 2,463 metres. Several oil bearing layers were encountered including the Khufai limestone formation from which 78 metres of core was extracted. ... more
Africa Oil Corp. (TSX VENTURE:AOI) ("Africa Oil") and Alberta Oilsands Inc. (TSX VENTURE:AOS) ("AOS") are pleased to announce that the Minister of Energy for the Republic of Kenya has formally approved the assignment, from Platform Resources Inc. ("Platform"), a wholly-owned subsidiary of AOS, to Africa Oil Kenya B.V., a wholly-owned subsidiary of Africa Oil, of Platform's 100% ... more
Africa Oil Corp. (TSX VENTURE:AOI) ("Africa Oil" or "the Company") is pleased to report that it has received Ministerial consent in connection with the previously announced Farmout Agreement with Agriterra Ltd. (formerly White Nile Ltd.) and the deal has now closed. Under the Farmout Agreement, Africa Oil Ethiopia B.V. ("AOEBV"), a wholly-owned subsidiary of Africa Oil, has acquired ... more
Crown Point Ventures Ltd. (TSX VENTURE:CWV) (the "Company") is pleased to announce that the first well (EV 23) of its three well 80% interest drilling program has been completed as a multi- zone oil well. The well was completed with four sets of perforations in the Mina el Carmen formation in the Golfo San Jorge Basin in southern Argentina. When all four completed zones were ... more
Liberty Energy Corp.
(OTCBB:LBYE) ("Liberty" or "the Company") is pleased to announce that it has
entered into a well re-entry program on its #1 well, Dahlstrom Lease,
Jackson County, Texas.
The Dahlstrom #1 re-entry well is located on approximately 58 acres of
potentially productive sands located above the currently completed interval
in the ... more
Overseas Shipholding Group, Inc. (NYSE: OSG), a market leader providing global energy transportation services, announced today that it has signed a new service agreement with Maersk Oil Qatar AS (MOQ) for the FSO Africa, a floating storage and offloading (FSO) service vessel. The duration of the contract is for three years beginning the end of August. The rate consists of a base ... more
DualEx Energy International Inc. ("DualEx" or the
"Company") (DXE, TSX-V) today filed with Canadian securities authorities its
Second Quarter Financial Statements and Management's Discussion and Analysis
for the period ending June 30, 2010. Copies of the filed documents may be
obtained through www.sedar.com, DualEx's website ... more
Kallisto Energy Corp.
(TSX Venture: KEC) ("Kallisto" or the "Company") is pleased to provide a
production update on its Pembina, Alberta Cardium light oil resource play.
The Company's fifth well located at 04-34-047-03W5, which came on production
July 14, 2010, produced an average of approximately 287 boe per day (gross),
including 260 bbls per day of ... more
Miller Petroleum, Inc. dba Miller Energy Resources ("Miller") (Nasdaq Global Market: MILL) a high growth oil and natural gas exploration, production and drilling company, announced today that the value of its proved, probable and possible Alaska oil and gas reserves at July 31, 2010 has increased 46% from April 30, 2010 to over $1.2 billion, using present value of future cash ... more
The U.S. oil and gas industry's largest auction firm is hosting an unprecedented series of auctions in three cities over 15 days, featuring more than 125 well service and drilling rigs, including some three dozen late-model rigs.
Kruse Energy and Equipment Auctioneers, LLC is leading off with a major three-day auction in Oklahoma City, OK featuring more than 60 ... more
Oil and gas estimated at between three and 19 million barrels of oil equivalent have been found by Statoil roughly three kilometres east of the Gudrun field in the North Sea.
The find was made in the Brynhild prospect where one exploration well was drilled with one technical sidetrack.
“The Brynhild find is a valuable addition to the field development project ... more
TTI Exploration, a privately held geosciences technology company based in Houston, today announced that it has successfully completed preliminary processing and analysis related to a subset of its Operation GulfSCAN NRM(TM) data set. Between May 1st and July 30th 2010, the survey acquired ultra high-resolution data over approximately 29,000 square kilometers ... more
Managed Pressure Operations International Ltd. (“MPO”), an oilfield services company, with locations in Singapore, Texas and Indonesia, that provides technologically advanced and cost-effective continuous circulation and managed pressure drilling (“MPD”) systems, today announced a growth capital investment from more
CAMAC Energy Inc. (NYSE Amex:CAK), a U.S.-based energy company engaged in the exploration, development, production and distribution of ... more
Exterra Energy, Inc. (OTCBB: EENI) announced today that the company has acquired 3,100 acres of mineral leases in the North West corner of the Barnett Shale in the dual oil/gas window of Texas. There are currently 52 wells on the property, of which 44 are producing an average of 35 BOPD. The non-producing eight wells are scheduled to be worked over and put back online ... more
High- to middle-income earners hit hardest by free allocation of carbon credits
August 19,2010 -- Brazilian utility sector regulator Aneel has authorized test operations at the 27-MW Goiandira small hydropower plant, wire services reported. ....
Under the guidance and approval of the Unified Area Command, BP has been authorized to begin flushing drilling mud and hydrocarbons from the MC252 well sealing cap and the original Deepwater Horizon Lower Marine Riser Package (LMRP) and Blow Out Preventer (BOP).
The flushing is in advance of a pressure test procedure that will study the well's BOP stack ... more
Thursday, Aug 19, 2010
Sevan Marine ASA and E.ON Ruhrgas UK E&P Limited (”E.ON”) as operator of the Huntington project have made good progress in the commercial agreements for the lease of the FPSO Sevan Voyageur.
AWE Limited reports that as at 06:00 Yemen time (-7 hrs AEST) on 18 August, the Jebel
Al Milh-1 well was at a depth of 3,677 metres and preparing to drill ahead in 6” hole.
During the week, a 7” liner was successfully run to 3,677 metres.
Jebel Al Milh-1 is located 16 kilometres north-northeast ... more
Origin Energy, on behalf of the L11 Joint Venture, advises that Wolf 1 gas appraisal well spudded on 17 July using the Weatherford drilling rig 826. This well is being drilled to appraise the extent of the gas accumulation discovered by the Redback South 1 well, drilled in 2009.
At 06.00 hours Western Standard Time the well had reached Total Depth of 4,122 mMDRT#. ... more
Aberdeen oil services group OEG Offshore (OEG) has won a £290,000 ($450,000 USD) deal with Texan drilling rig components manufacturer National Oilwell Varco (NOV).
OEG has been contracted to design and supply 60 No, 40ft pipe bins that will be used to transport standard drill pipe joints. The deal was secured by OEG’s Houston office and will be ... more
Aberdeen based global Oil and Gas logistics provider ASCO Group, has been awarded Logistics contracts with two major oil companies – BP and TAQA.
The combined estimated contract values are expected to be £30m over the next 5 years.
Chief Executive of ASCO EMEA, Derek Smith said, “This is tremendous news for the ASCO team based here in Aberdeen, ... more
Alamo Energy Corp. (OTCBB:ALME) is pleased to announce work has commenced to complete the five wells drilled on the H.V Taylor Lease located on 55 acres, Adair County, Kentucky.
The drilling phase of the five well program was completed late June with the wellbores videoed and subjected to high definition triple combo logging and sidewall core sampling.
We ... more
Gale Force
Petroleum Inc. (TSX Venture: GFP, the "Corporation") today announced that it
has closed the purchase of certain "Kilgore Properties". The Corporation had
previously announced the signing of a Letter of Intent to purchase the
Kilgore Properties on June 2, 2010.
The Kilgore Properties consist of mainly 100% working interests in oil
more
Nearly 4 months after the explosion that caused the BP oil disaster, the Gulf Coast Fund (http://www.gulfcoastfund.org/), a community-led philanthropy in the Gulf South, reports that a dangerous amount of oil and dispersant remains in the Gulf of Mexico. Contrary to what BP and government officials have been stating, ... more
Apache Corporation (NYSE:APA) ( NASDAQ: APA) today reported two new oil discoveries and a significant appraisal in the Faghur Basin in the far southwest of Egypt's Western Desert oil and gas province.
-- The Pepi-1X, drilled approximately 6 miles (10 km) south of Apache's
Phiops Field, test-flowed at 4,216 barrels ... more
Coast Guard Admiral Thad Allen, national incident commander for the federal response to the BP oil spill in the Gulf of Mexico, will give an overview of the BP oil spill at a Newsmaker press conference at 11 a.m. Aug. 20 at the National Press Club.
(Logo: http://photos.prnewswire.com/prnh/20080917/NPCLOGO) ... more
Ecopetrol S.A. (NYSE: EC; BVC: ECOPETROL; BVL: EC; TSX: ECP) ("Ecopetrol" or the "Company") announced today the incorporation of a new special purpose company to construct and operate a private pipeline which will run from the Casanare Department to the port of Covenas. The new pipeline will facilitate oil exports from the Llanos region, considered one of the most prospective ... more
Sevan Marine ASA and E.ON Ruhrgas UK E&P Limited ("E.ON") as operator of the Huntington project have made good progress in the commercial agreements for the lease of the FPSO Sevan Voyageur.
Huntington is operated by E.ON with an equity share of (25%). The other joint venture partners are Premier Oil ONS Limited (40%); Altinex Oil (UK) Limited (20%) and Carrizo ... more
In San Augustine County, Crimson Exploration Inc. (NasdaqGM:CXPO) successfully completed its first operated well in the Bruin Prospect Area. The Grizzly #1 (55% WI) was drilled to a measured depth of 18,100 feet with an approximate 4,200-foot horizontal lateral in the Mid Bossier Shale and was completed with 14 frac stages. The Grizzly #1 continues to clean up and is currently ... more
-A new study reveals that the oil and gas industry supply chain – which includes oil companies, contractors and sub-contractors – does not perceive the full extent of the risks that HIV/AIDS, tuberculosis (TB) and malaria pose to its workforce, productivity and profitability. The study – conducted by management consulting firm Booz & Company in partnership ... more
Upstream Professionals, Inc., an oil and gas consulting firm, has created an innovative solution for Laredo Petroleum, which will revolutionize the way companies will manage their Well Lifecycle environment. O & G Total Asset Manager (TAM) is a software application that combines Asset Management with your Well Lifecycle Management strategy into an enterprise warehouse to ... more
August 18,2010 -- Ocean Renewable Power Company, a Maine-based marine hydropower firm, announced that its Beta Power System has successfully generated grid-compatible power from tidal currents at its Cobscook Bay site in Eastport, Maine. ....
Keppel Shipyard Limited (Keppel Shipyard) has secured a contract for the modification of the Floating Production Storage and Offloading (FPSO) vessel OSX-1, worth approximately S$50 million.
The FPSO OSX-1 is owned by OSX 1 Leasing B.V., a subsidiary of OSX Brasil S/A. Commencing in the third quarter of 2010, Keppel Shipyard’s scope of work includes ... more
Aubin, a leading independent supplier of specialist chemicals to the oil & gas industry, has reported major year-on-year growth, recording a rise in turnover of more than 30% to £4.3million for 2009/10 (year end July).
The company, based in Ellon, Scotland, and established in 1987, designs, develops, manufactures and supplies high-quality ... more
Brightoil Petroleum plans to buy five very large crude carriers (VLCC) for US$537.5 million. The Chinese based oil trader has stated it has already signed letters of intent with third parties to purchase the five new VLCC’s. The contract for the transaction will be finalised no later than August 31 2010.
The purchases will be funded ... more
BP's claims team, which has paid $368 million to individuals and businesses, is in the final stages of preparing to transfer responsibility for individual and business claims related to the oil spill in the Gulf of Mexico to the Gulf Coast Claims Facility (GCCF) on August 23.
In order to clarify the next steps and to ensure an orderly and efficient transfer ... more
Baker Hughes (NYSE: BHI) has acquired oilfield equipment and service supplier Tanroc, based in Lloydminster, Alberta, Canada. Tanroc primarily supplies progressing cavity pumping (PCP) systems and surface production equipment, including variable frequency drives for downhole pumping systems and wellhead drives. The acquisition complements more
The speech of The Honourable Minister of Petroleum Resources of Nigeria, Deizani Alison-Madueke at the Ebok FSO Naming and Sail Away Ceremony held at the Yulian shipyard in China on 5th August 2010.
The speech of The Honourable Minister of Petroleum Resources of Nigeria, Deizani Alison-Madueke at the Ebok FSO Naming and Sail Away Ceremony held at the Yulian ... more
Origin Energy Limited ("Origin"), Australia's leading integrated energy company, today announced that its subsidiary Origin Energy Developments Pty Ltd has signed a new contract for the sale of gas in the Perth Basin to a subsidiary of AWE Limited. The gas will be onsold to the Western Australian energy retailer Synergy.
The contract has been made possible by recent gas ... more
E.ON Ruhrgas started first production from the Babbage gas field in the United Kingdom. The Babbage platform is the first gas production platform operated by E.ON Ruhrgas UK E&P Limited. The field is located approximately 80 km off the coast of the UK, in the Southern North Sea. Babbage is expected to produce more than [...]
Breitling Oil and Gas today announced that the Burr #1, the first well it its Gulf Coast Onshore initiative in Jefferson County, Texas, is being completed as an oil and gas producer after reaching a total vertical depth of 14,400 feet.
From original log analysis, the well had several potentially productive pay zones over a gross interval in the Hackberry Sand. The ... more
Breitling Oil and Gas today announced that the Burr #1, the first well in its Gulf Coast Onshore initiative in Jefferson County, Texas, is being completed as an oil and gas producer after reaching a total vertical depth of 14,400 feet.
From original log analysis, the well had several potentially productive pay zones over a gross interval in the Hackberry Sand. The ... more
Houston American Energy Corp. (NYSE Amex: HUSA) today announced the appointment of Kenneth (Ken) A. Jeffers as Senior Vice President of Exploration.
Mr. Jeffers brings to Houston American Energy 28 years of oil and gas industry experience. Mr. Jeffers began his career as an exploration geophysicist with Mobil Oil, later serving as a staff geophysicist and senior ... more
"Its our ocean, its our industry, its our time to help," said Laurie Cunnington, President of Ward Williston Oil Company, when she announced today that her company raised over $60,000 at their "Golf For the Gulf" Charity Open to help oil workers and fishermen hardest hit by the oil spill in Louisiana.
"North Dakota has a thriving economy," said Cunnington. "The ... more
Serica Energy is planning to commence drilling two exploration wells in its operated Kutai production sharing contract (PSC) acreage offshore East Kalimantan, Indonesia next month.
Serica said today that it intends to mobilize the Trident IX jackup drilling rig right away to carry out the drilling of the two wells, the Dambus and Marindan, in the offshore sector of the PSC. ... more
Woodside Petroleum has intersected approximately 50 meters of gross gas pay over several zones within the Triassic target of its Larsen Deep-1 exploration well in Western Australia's Carnarvon Basin.
Woodside said today that the well was drilled in Block WA-404-P with the semisubmersible drilling rig Ocean America. It said the well is currently drilling ahead at 4,914 ... more
Afghanistan's Ministry of Mines has reportedly identified a possible oilfield in the northern part of the country between Balkh and Shiberghan Provinces with an estimated 1.8 billion bbl in oil reserves.
Jawad Omar, a spokesman for the ministry, said today that the potential oilfield was identified in seismic and other field data collected in a survey by both Afghan and ... more
Alange Energy has confirmed a discovery in the Pajarito-1X well that was drilled to a total depth of 2,002 ft (610 meters) to explore the oil prospectivity of the Catatumbo, Barco, and Mito Juan formations in the Carbonera Block.
Luis E. Giusti, the company's CEO, said today, "This discovery could lead to an important development of shallow non-conventional ultra light oil. ... more
AWE Limited ("AWE") on behalf of its subsidiary, Adelphi Energy Limited ("Adelphi") is pleased to provide the following update on production at the Sugarloaf Area of Mutual Interest ("AMI") within the Sugarkane Gas & Condensate Field, Texas.
Luna #1H
Adelphi has been advised by the Operator that the Luna #1H ... more
AWE Limited today announced that it had signed a new gas contract for the sale of Perth Basin gas to the Western Australian energy retailer Synergy.
This contract execution has been made possible by recent significant gas discoveries in the Perth Basin, and includes all of AWE’s currently uncontracted gas in its existing gas fields and ... more
Serica Energy plc ("Serica" or the "Company") (TSX VENTURE:SQZ)(AIM:SQZ) provides an operations update on the Oates exploration well in Block 22/19c in the Central North Sea and on its Indonesian offshore drilling programme.
The Oates well 22/19c-6 was spudded on 30 July. The target of the well was the Palaeocene age Forties Sandstone, which is a significant oil ... more
Canacol Energy Ltd. ("Canacol" or the "Corporation") (TSX VENTURE:CNE)(BVC:CNE.C) is pleased to provide an update of its development drilling program at its operated Rancho Hermoso Field located in the Llanos Basin of Colombia, which is operated under a contract with Ecopetrol, the state oil company of Colombia. The Corporation has completed flow testing of the Ubaque reservoir ... more
E.ON Ruhrgas started first production from the Babbage gas field in the United Kingdom. The Babbage platform is the first gas production platform operated by E.ON Ruhrgas UK E&P Limited. The field is located approximately 80 km off the coast of the UK, in the Southern North Sea. Babbage is expected to produce more than 5 billion cubic metres of natural gas with a field life ... more
Mexco Energy Corporation (AMEX:MXC) ("Mexco" or the "Company") announced the purchase of overriding royalty interests in 5,120 gross acres covering eight sections in the Haynesville trend area of DeSoto Parish, Louisiana, for an approximate purchase price of $1.65 million, prior ... more
Alange Energy Corp
(TSXV: ALE) announced today that it has confirmed a discovery in the
Pajarito-1X well that was drilled to a total depth of 2,002 feet to explore
the oil prospectivity of the Catatumbo, Barco and Mito Juan formations in
the Carbonera Block. Covering an area of 64,000 acres, the Carbonera Block
is located in the Catatumbo Basin, which constitutes ... more
Oil production is a complex business requiring special equipment and broad technical knowledge. Extraction machinery and its components must be durable, reliable and able to perform continually over several hours in extreme environments. Consulting Agency Trade (C.A.T.), from Celle near Hannover, Germany, produces and delivers special equipment for the exploration of oil and ... more
GreenShift Corporation (OTC Bulletin Board: GERSD) announced today that GreenShift and its wholly-owned subsidiary, GS CleanTech Corporation, have settled its patent infringement lawsuit with Center Ethanol, LLC and entered into a license agreement for use of GreenShift's patented corn oil extraction process.
“We are pleased to have the opportunity ... more
Empire Petroleum Corporation (OTCBB: EMPR), a Tulsa, Oklahoma based company, announced that it has tested oil from its Empire Paradise Unit 2-12 well in Nye County, Nevada. The Company said that, although only a small amount of 30° gravity oil was recovered, it believes it is significant in that it establishes there is recoverable oil in the Cobble Cuesta Structure on which ... more
August 17,2010 -- A consortium of South Korean and Thai firms have signed an agreement to build a $900 million hydropower plant in Laos, company officials told wire services. ....
The answer may surprise you (hint: we're behind Nicaragua)
Tuesday, Aug 17, 2010
Recognised experts in marine personnel transfer, Reflex Marine, is meeting global demand for its TORO crew transfer capsule and has sold 30 across offshore Asia-Pacific, Europe, North and West Africa, Australia and America.
Transaction Highlights
Cairn to sell a maximum of 51 per cent of Cairn India to Vedanta
Consideration of up to US $8,480m (INR 396,561m), based on US $8.66 (INR 405) per Cairn India share*
A premium of approximately 32 per cent to the Cairn India average closing price ... more
Recognised experts in marine personnel transfer, Reflex Marine, is meeting global demand for its TORO crew transfer capsule and has sold 30 across offshore Asia-Pacific, Europe, North and West Africa, Australia and America.
Most of the units are being utilised by major international oil and gas operators, however, the company has also entered the renewables sector, selling ... more
Eni enters the Democratic Republic of Congo by signing a farm-in agreement with UK-based Surestream Petroleum to acquire 55% and operatorship in the Ndunda block.
The block is located in the “Bassin Côtier‘ along a still scarcely explored onshore region of the prolific Lower Congo Basin.
Partnership is composed by Eni (55%, Op.), Surestream ... more
INPEX CORPORATION is pleased to announce that its subsidiary INPEX Southeast Caspian Sea, Ltd. has purchased an additional interest in the
Azeri-Chirag-Gunashli (ACG) oil field development in the Azerbaijan sector of the Caspian Sea.
The 5.63 per cent stake held by Devon Energy Caspian Corporation in the ACG development will be split among BP (3.29%), ... more
Reference is made to the announcement on July 1, 2010, regarding Letter of Intent for FPSO Sevan Voyageur. Sevan will submit a notice in this respect before the opening of the Oslo stock exchange tomorrow, Wednesday August 18, 2010.
The information in this announcement is subject to the disclosure requirements of the Norwegian Securities Trading Act section 5-12 and/or ... more
The solution solves two of the biggest challenges currently facing the oil and gas industry:
a) how to keep up with the rapid changes in automation and information technologies, both of which traditionally require the presence of highly specialized engineers on site; and
b) how to eliminate the need for the costly deployment of these specialists at remote ... more
Namibia's Ministry of Mines and Energy has granted an extension to Universal Power Corporation for the first phase of its work program on permit PEL2815, which consists of offshore Blocks 2815, 2816, and 2915. The extension is for one year and expires 22 September 2011.
"Since taking over operatorship of PEL2815 late last year, we have made significant progress in confirming ... more
Seawell Limited and Allis-Chalmers Energy have unanimously approved a definitive merger agreement providing for the acquisition of Allis-Chalmers by Seawell in a transaction valued at approximately US$890 million including assumed debt.
Seawell said today that the combined company will have approximately 6,500 employees and is projected by equity research analysts to have ... more
Texon Petroleum has reached total depth in its Tyler Ranch-6 being drilled in the company's Leighton/Sutton Project in South Texas.
The company said today that the well went to a total depth of 2,774 meters (9,100 ft) and that ti targeted the Olmos reservoir, which was found to be of similar thickness and reservoir characteristics to that in the other six Leighton wells. ... more
Exall Energy has drilled two horizontal wells offsetting its Alberta, Canada Marten Mountain B Sand discovery well with each well trajectory in a different direction.
The company said today that the two offset wells are potential oilwells. The first was completed and has flowed at an average of 450 b/d of 40-degree API sweet oil and 175,000 cf/d of solution gas over a three-day ... more
Chevron Corp. (NYSE:CVX) today announced further drilling success in the Carnarvon Basin offshore Western Australia, Australia’s premier hydrocarbon basin.
“In terms of net gas pay, Acme-1 is one of our most significant natural gas discoveries in Australia. As our ninth and largest offshore discovery in Western Australia in the last 12 months, ... more
Cubic Energy, Inc. (NYSE
Amex:QBC) ("Cubic" or the "Company") announces today that the Crow 8 No. 1
spud on August 10, 2010 and surface casing was set at 1,925 feet on August
11, 2010. The Crow 8 No. 1 is currently drilling its vertical portion of the
well. This well is located in Section 8, Township 14 North -- Range 15 West
in Caddo Parish, Louisiana ... more
BPZ Resources, Inc.
(NYSE:BPZ) announced today it received an Extended Well Testing (EWT) permit
and corresponding gas flaring permit, both valid through November 30, 2010,
for the CX11-17D well in the Corvina field in Block Z-1. As previously
announced, the 17D was scheduled to be shut in on August 15, 2010 due to the
expiration of its initial six month ... more
Calvalley Petroleum Inc. (the "Company" or "Calvalley"), an international
oil and gas exploration and production company, based in Calgary, Alberta, announces the successful completion and test results of it's new Ras Nowmah Oil Field well, Ras Nowmah-2, in the Republic of Yemen. The well was successfully completed, in record time and under budget, in late July.
more
Universal Power Corp.
(TSXV:UNX) ("Universal" or the "Company") today announced the Ministry of Mines and Energy of the Republic of Namibia ("MME") has granted an extension for the first phase of the Company's work program on Petroleum Exploration License ("PEL") 2815 (constituting offshore Blocks 2815, 2816, and 2915). The extension is for a one-year period and expires ... more
VAALCO Energy, Inc. (NYSE:EGY) announced today that it has executed a farm-out agreement with Total Gabon ("Total") for the Mutamba Iroru Permit, onshore Gabon, which is 100 percent owned by VAALCO. Under the terms of the agreement, VAALCO and Total have committed to reprocess ... more
PSE&G is recommending that its gas heating customers test their heating systems now, before the chilly weather arrives. If there's a problem, PSE&G will come out to start the unit -- at no charge -- through September 12.
"Chilly weather will be here soon, and one of the best things customers can do now is to check their heating system to ensure safe and ... more
-PAA Natural Gas Storage, L.P. (NYSE: PNG) ... more
Crivella West Incorporated, a knowledge discovery innovator, today launched the Crivella West Knowledge Kiosk® BP Claims Central in partnership with several Gulf attorneys. It is a new comprehensive online service for preparing and filing claims for losses resulting from the BP Oil disaster. This new service was launched to help businesses and communities obtain recovery ... more
Devon Energy Corporation (NYSE:DVN) today announced that Robert H. Henry and Duane C. Radtke have been appointed to its board of directors. These individuals fill the positions vacated by Tom Ferguson and Robert Howard who recently retired due to mandatory age limits.
“We are very pleased that Robert Henry and Duane Radtke have agreed to join Devon’s ... more
TTI Exploration, a privately held geosciences technology company based in Houston, today announced that it has successfully acquired more than 2,300 square kilometers of ultra high-resolution, hyperspectral surface images over environmentally sensitive areas in Alabama. The imaging data was acquired as part of Operation GulfSCAN, an initiative launched by TTI Exploration to measure ... more
Devon Energy Corporation (NYSE:DVN) today announced that it has completed the sale of its ACG field located offshore Azerbaijan in the Caspian Sea to BP for $2 billion. Devon’s current production from the ACG field is approximately 17 thousand barrels of oil per day.
“With the close of ACG, we have received aggregate pre-tax proceeds from the ... more
August 16,2010 -- Mavel, a.s. has signed contracts to provide hydraulic design, turbines and related technology for five South Korea small hydro plants, Mavel announced. Mavel is providing 11 turbines that will have a combined installed capacity of abo.......
August 16,2010 -- Provincial utility BC Hydro intends to invest more than C$1 billion beginning in 2012 to upgrade three hydropower facilities in the Campbell River region of British Columbia's Vancouver Island, wire services reported. ....
August 16,2010 -- Santo Antonio Energia aims to launch commercial operations at the 3,150-MW Santo Antonio hydropower project in Brazil by December 2011, a spokesperson for the firm told wire services. ....
Repsol has made a new gas discovery in the RGD 22 well in Bolivia, successfully completing a project to deepen existing wells to increase hydrocarbon production in that country. The RGD 22 well is located in the Rio Grande contract area, 34 miles southeast of Santa Cruz de la Sierra.
This find has gas resources of 1Tcf (trillion cubic feet) equivalent to 10 months’ ... more
Petrominerales Ltd. ("Petrominerales" or the "Company") (TSX:PMG), a 66% owned subsidiary of Petrobank Energy and Resources Ltd. (TSX:PBG), is pleased to announce that we have priced our previously announced offering (the "Offering") of US$550 million principal amount convertible notes (the "Notes"). The Offering is being led by ABG Sundal Collier Norge ASA as sole bookrunner.
more
Monday, Aug 16, 2010
Petroleo Brasileiro (Petrobras) has made a discovery of oil and natural gas with an exploration well drilled onshore Brazil in the Espirito Santo Basin.
eatherford International Ltd. (NYSE:WFT) today announced that its East Leake Wireline manufacturing facility has received the Queen’s Award for Continuous Innovation, an accolade earned through significant contribution to the British economy over a sustained period of time. From 2004–2008, Weatherford has successfully designed and manufactured ... more
Last night BP, operating with the guidance and approval of the National Incident Commander (NIC), completed the four-hour near ambient pressure test on the MC252 well in the Gulf of Mexico.
Results are under review this morning between BP and the federal science team and a recommendation on the path forward is expected to go to the NIC.
Further ... more
Seadrill's majority owned subsidiary Scorpion Offshore Ltd. has received a binding Letter of Agreement for a two well firm plus two optional wells contract for Offshore Vigilant in Venezuela with Cardon IV S.A. Firm contract duration is estimated to 240 days with an option for extension of approximately 240 further days. Contract value for the firm period is approximately ... more
Caza Oil & Gas has reached total depth at 16,280 ft (4,962 meters) in its O.B. Ranch-1 exploration well on the Bongo prospect in Wharton County, Texas having encountered Yegua, Cook Mountain, and Wilcox sands.
Caza said today that logging results and shows while drilling clearly indicate that hydrocarbon-bearing sands were encountered in the Eocene, Cook Mountain ... more
Nautical Petroleum yesterday commenced drilling its Kraken appraisal well 9/02b-D in the UK sector of the North Sea, Block 9/2b with the semisubmersible drilling rig Ocean Nomad. Nautical said that the drilling activity is expected to take approximately 45 days.
Block 9/2b is located on the East Shetland Platform, west of the North Viking Graben. The Kraken structure ... more
AWE Limited advises that at 0600 hours today the Tuatara-1 well was running cement plugs prior to abandoning the well.
Since the last report, the well was drilled to a total measured depth of 1,911 metres, during which minor oil shows were intermittently reported over the interval 1,790 – 1,850 metres. Wireline logs were run, but no zones ... more
Petroleo Brasileiro (Petrobras) has made a discovery of oil and natural gas with an exploration well drilled onshore Brazil in the Espirito Santo Basin.
Brazil's government agency regulating the petroleum industry, the Agencia Nacional do Petroleo (ANP) said today that the find was achieved in the Fazenda Sao Rafael Field in Block FRS with its 3BRSA-850-ES well. It said ... more
Chinook Energy Inc. ("Chinook" or the "Company") (TSX:CKE) is pleased to announce its financial and operating results for the three and six months ended June 30, 2010.
On June 29, 2010, pursuant to a plan of arrangement, we (Storm Ventures International Inc. (SVI)) acquired all of the outstanding securities of Iteration Energy Ltd. (Iteration) and amalgamated with Iteration ... more
Wenzel Downhole Tools Ltd. (TSX:WZL) (the "Company") is pleased to report on its financial results for the three month and six month periods ending June 30, 2010. Revenues for the second quarter were up 47% compared to the same quarter in 2009. Normally the second quarter is the slowest quarter for the Company. While the Company had, based upon industry forecasts, anticipated ... more
Logan International Inc. ("Logan International") (TSX:LII) is pleased to announce that its wholly-owned subsidiary, Source Energy Tool Services Inc. ("Source"), has completed the acquisition of all the issued and outstanding shares of Complete Oil Tools Inc. ("Complete"), a private oilfield services company headquartered in Calgary, Alberta, that provides downhole completion tools ... more
Fiber Optic Systems Technology, Inc. ("FOX- TEK"),
(TSX-V: FOX), a developer and manufacturer of patented non-intrusive sensing
systems, today announced that it has been granted conditional approval by
the TSX Venture Exchange for FOX-TEK's proposed reverse takeover by Marcon
International Inc. ("Marcon"). In consideration for acquiring all the shares
of ... more
Exall Energy
Corporation (TSX: EE) ("Exall" or the "Company") is pleased to announce the
results of the wells drilled during the 2010 summer drilling season.
Marten Mountain Project
The "B" Sand discovery well previously announced by Exall has been offset in
two directions with horizontal wells resulting in two potential oil wells.
more
Donald Benson, Chairman and CEO of Nordic Oil and Gas Ltd. (the "Company) TSXV: NOG), announced today that Western Plains Petroleum Ltd ("Western Plains") has re-opened discussions with Nordic pursuant to Western Plains acquiring an interest in Nordic's land holdings and heavy oil wells in Lloydminster, Alberta.
These new discussions centre around Western Plains acquiring ... more
Five years after Hurricane Katrina, an increasing majority of the city's residents says the rebuilding process is going well, but substantial majorities still report that the city has not recovered and feel the nation has forgotten them, according to a new comprehensive survey of the lives and attitudes of New Orleans residents by the Kaiser Family Foundation.
"New ... more
Samson Oil & Gas Limited (ASX: SSN) (NYSE AMEX: SSN) advises that the Rodney #1-14H reached a total depth of 17,222 feet measured depth on August 11th. The hole was then cleaned and prepared to run the horizontal completion. While running the final completion in the hole, the 4.5” liner packer prematurely set approximately 1,300 feet short of its planned ... more
Xcel Energy proposed today a low-cost option to significantly reduce Colorado coal-fired generation emissions, through a combination of retiring, repowering or retrofitting of several power plants as called for under the recently enacted state Clean Air Clean Jobs Act.
“We believe our proposal is the best way to meet new environmental requirements ... more
Vertex Energy, Inc. (“Vertex” or “the Company”)(OTCBB:VTNR), a leader in the aggregation, recycling and processing of distressed hydrocarbon streams, today announced that it has begun processing material from the Gulf Coast oil spill utilizing its licensed Thermal-Chemical Extraction Process technology (“TCEP”).
“We ... more
Dynegy Inc. (NYSE:DYN) today announced that it has entered into a definitive merger agreement pursuant to which it will be acquired by an affiliate of The Blackstone Group L.P. (NYSE:BX) in a transaction valued at approximately $4.7 billion, including the assumption of existing debt.
“We share Dynegy’s commitment to safety, operational reliability ... more
August 13,2010 -- RusHydro, Russia's largest hydroelectric power producer, plans to launch the Kashkhatau hydropower plant in the Caucasus republic of Kabardino-Balkaria on Aug. 31, 2010, news agencies reported. ....
Alba Power has a highly experienced in-house technical support team who are internationally available to inspect defective turbines and recommend cost-effective repair and overhaul options.
For customers who do not want to ship components off-site, we offer extensive field service support services, including full on-site turbine change-out. On-site repairs using Alba Power components and under Alba [...]
Seadrill's majority owned subsidiary Seawell Limited and Allis-Chalmers Energy Inc. announce that their Boards of Directors have unanimously approved a definitive merger agreement providing for the acquisition of Allis-Chalmers by Seawell in a transaction valued at approximately US$890 million (including assumed debt).
The combined company will have approximately ... more
The Management Board of Grid
Petroleum Corp. (OTCBB:GRPR) are pleased to have completed an exhaustive
evaluation tour of Denver, and its lease holdings in Sublette County,
Wyoming. Grid Petroleum's Chief Geological and Geophysicist Advisor, Robert
Murphy, and Chief Petroleum Engineering Advisor, Maarten Middelburg,
accompanied by Grid Petroleum's CEO, ... more
Apache Corporation (NYSE, Nasdaq: APA) today announced it has completed the acquisition of BP's oil and gas operations, acreage and infrastructure in the Permian Basin of West Texas and New Mexico.
Apache acquired 10 Permian field areas with estimated proved reserves of 141 million boe (65 percent liquids), first-half 2010 net production of 15,110 barrels of liquids and 81 ... more
Leading international oilfield service company Expro has been awarded a well testing contract in the South West of Algeria. The contract will see Expro provide specialist well testing services and equipment on up to nine wells, commencing in September 2010.
Expro’s mobile process equipment measures the performance of a well with acute accuracy. The procedure ... more
Alternate Energy Holdings,
Inc. (OTCQB:AEHI), a developer and marketer of innovative clean energy
sources based in Eagle, ID, today announced the signing of a emorandum of Understanding ("MOU") between AEHI subsidiary Green World Water(TM), the developer of the world's first commercial nuclear desalination system, and Tubestar Oil and Gas, one of the oilfield ... more
Penn Virginia Corporation (NYSE:PVA) today announced that it has
acquired approximately 6,800 net Eagle Ford Shale acres located
primarily in Gonzales County, Texas for $31.1 million. The acquisition
was funded with cash on hand.
The acreage is highly contiguous and is estimated to contain over 40
horizontal well locations, with our working interest ... more
BP Products North America Inc. (BP) and the US Occupational Safety and Health Administration (OSHA) have reached a settlement to resolve 270 of the 709 citations that OSHA issued to BP at its Texas City Refinery in October 2009. In these citations, OSHA alleges that BP failed to meet obligations set forth in a 2005 agreement with OSHA. These allegations relate to the continuing ... more
The L33-2 well has tested 38 degree API crude oil, on free flow at an average rate of
approximately 2,370 BOPD gross (948 BOPD net CVN) with a water cut of less
0.05% during the last 15 hours of a 36 hour test.
The L33-2 well was drilled from a surface location approximately 1.8 kilometres
south ... more
The excellent results from St. Edouard No. 1A provided the impetus for Questerre to begin planning work on the next phase of early commercialization.
The pilot horizontal well program has three more wells to test. Gentilly No. 2 is currently testing two intervals concurrently - the middle Utica and a new interval, the lower Utica. Fortierville No. 1 and St. Gertrude ... more
Equal Energy ("Equal" or "the Company") is pleased to announce the appointment of Brian Illing to its Board of Directors. Mr. Illing comes to Equal with over 30 years experience in the oil and gas sector; having previously worked with companies such as Gulf Canada, Canadian Natural Resources and most recently as the President and Chief Executive Officer of Iteration Energy Ltd. ... more
PetroQuest Energy, Inc. (NYSE:PQ) announced today that it has priced an offering at par of $150 million aggregate principal amount of Senior Notes due 2017, which will bear interest at a rate of 10% per annum. The Company intends to use the net proceeds from the offering to fund ... more
Noble Energy, Inc. (NYSE:NBL) announced today that it has closed the previously announced sale of certain Mid-Continent and Illinois basin assets to an affiliate of Citation Oil & Gas. Proceeds from the transaction were $552 million and included final closing adjustments from ... more
OGX Petróleo e Gás Participações S.A. (“OGX”) (Bovespa: OGXP3, OTC: OGXPY), the Brazilian oil and gas company conducting the largest private sector exploratory campaign in Brazil, announced today that, through its subsidiary OGX Maranhão, has identified presence of gas in the Devonian section of well 1-OGX-16-MA, in the block ... more
Quorum Business Solutions, Inc. (Quorum), a leading provider of business and information technology solutions for the oil, gas, and renewable energy industry, announces the release of Quorum’s gas plant accounting and allocation forecasting module, more
Aker Solutions and the Kazakh company KGNT Holding has established a 50/50 joint venture, Aker Caspian. The company is targeted for servicing the offshore oil and gas industry in the Kazakhstan sector of the Caspian Sea. It will offer a wide scope of services to offshore field development and maintenance and modification projects as well as fabrication services for onshore plants ... more
Range Resources Corporation (NYSE: RRC) announced today that it has submitted its first hydraulic fracturing disclosure forms to the Pennsylvania Department of Environmental Protection (DEP) and has posted the information on the Range website (more
SmartSynch, Inc., a Smart Grid technology company utilizing standard IP communications via cellular networks, has been selected by Memphis Light, Gas and Water (MLGW)—the largest three-service public utility in the nation—as the solutions provider for its three-year Smart Grid Demonstration Project launched earlier this year. SmartSynch will provide approximately ... more
Halliburton (NYSE: HAL) recently performed the first-ever, shale hydraulic fracturing operation in Poland for PGNiG, the state-owned Polish oil and gas company. PGNiG contracted Halliburton to fracture the Markowola-1 exploratory well near Kozienice, Lublin province, to determine if the site contained commercial gas deposits. Increasing demand for natural gas in Poland has companies ... more
Brunei Shell Petroleum (BSP) has awarded SKSWood, a Wood Group joint venture, a two-year extension for one of the largest integrated service contracts in Asia Pacific.
SKSWood has executed and managed the offshore construction and maintenance associated with approximately 200 offshore assets for BSP since 2003. The scope of services includes work preparation ... more
AWE Limited reports that as at 06:00 Yemen time (-7 hrs AEST) on 11 August, the Jebel Al Milh-1 well was at a depth of 3,677 metres. During the week, the 9-5/8” casing was set at a depth of 3,254 metres and preparations for the setting of a 7” liner to section TD of 3,677 metres are currently underway.
Jebel Al Milh-1 is located 16 kilometres north-northeast ... more
The development of the CLOV project on Block 17 in Angola has been approved by the partners and the principal contracts awarded. Statoil has a 23.33% stake in Block 17.
The CLOV project ... more
Hardy Oil and Gas plc (LSE: HDY), the oil and gas exploration and production company with assets predominantly in India, announces the recommencement of drilling of the exploration well KGV-D3-W1, on the Company's KG-DWN-2003/1 (D3) exploration license.
The KGV-D3-W1 exploration well recommenced drilling on 10 August 2010 using the Transocean rig Discoverer 534 in a water ... more
Dana Petroleum is pleased to announce that first gas production has successfully commenced from the Babbage field, located in block 48/2a some 80 kilometres off the UK coast in the Southern North Sea, where Dana holds a 40% interest.
The Babbage field development was approved by the UK authorities in 2009 and is being executed in two phases. The total investment ... more
August 12,2010 -- International technology group Andritz has acquired a 33.3 percent stake in Norwegian tidal hydro specialist Hammerfest Strom AS, including its subsidiary, Hammerfest Strom UK Ltd, based Scotland, by means of a capital increase, Andritz Hydro r.......
August 12,2010 -- SN Aboitiz Power-Benguet Inc. plans to work with local government and community groups to rehabilitate and refurbish the Binga hydropower plant in the Philippines, regional media reported. ....
Pennant Energy Inc. (the "Company") (TSX VENTURE:PEN) is pleased to announce that the operator of the Watts Project (also referred to as "Pearl") has informed the Company that construction of the pipeline and tie-in of the "Drumlin Pearl 7-9- 30 -16W4" well is tentatively scheduled to be completed by mid August. The survey of the pipeline right of way and engineering design has ... more
Petrominerales Ltd. ("Petrominerales" or the "Company") (TSX:PMG), a 66% owned subsidiary of Petrobank Energy and Resources Ltd. (TSX:PBG), is very pleased to announce that due to overwhelming investor demand, we have increased our previously announced offering of convertible notes (the "Notes") to a total of US$550 million principal amount (the "Offering"). The US$550 million ... more
Road Town, Tortola, 02 August 2010. FLEX LNG (Oslo Axxess: FLNG) is pleased to announce that it has signed a Memorandum of Understanding (MoU) with SAIPEM for exclusive cooperation towards the development of a Floating Liquefaction (FLNG) project with an Asian National Oil Company for their offshore gas reserves in Australia.
FLEX LNG will contribute ... more
Thursday, Aug 12, 2010
Centrica plc today announced that its North American subsidiary, Direct Energy, has reached an agreement with Suncor Energy (TSX: SU, NYSE: SU), to acquire its natural gas assets in the Wildcat Hills region of Alberta, for a cash consideration of C$375 million (£229 million).
Thursday, Aug 12, 2010
CTC Marine will be showcasing their subsea technology and services at the forthcoming ONS 2010 Exhibition and Conference, which will take place in Stavanger from 24-27th August 2010.
American Petro-Hunter, Inc. (OTCBB: AAPH) ("American Petro-Hunter" or the "Company"), today is pleased to announce the Company is finalizing plans to drill a horizontal oil well on the North Oklahoma Project leases located in Payne County, Oklahoma.
The new well is designated NO4H and planned as a minimum 2,000 foot horizontal exploiting the ... more
MarketResearch.com has announced the addition of GBI Research’s new report “LNG Industry To 2016 - Increasing Gas Supply Challenges Future Growth Prospects” to their collection of Energy market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=2718781.
GBI Research’s new report “LNG Industry ... more
Halliburton (NYSE: HAL) recently performed the first-ever, shale hydraulic fracturing operation in Poland for PGNiG, the state-owned Polish oil and gas company. PGNiG contracted Halliburton to fracture the Markowola-1 exploratory well near Kozienice, Lublin province, to determine if the site contained commercial gas deposits. Increasing demand for natural gas in Poland ... more
DONG Energy and Iberdrola have signed the detailed supply agreement - following the signing of the commercial terms as announced earlier this year - for Iberdrola to deliver LNG (Liquefied Natural Gas), corresponding to approximately 1 billion m3 of natural gas per year to DONG Energy. It is a ten-year delivery agreement, which includes an option for a five-year extension, and the ... more
Baker Hughes (NYSE: BHI) announced today it has signed a three-year strategic alliance with Iraq’s South Oil Company (SOC) to provide technical services to SOC’s wireline logging department in Burj Esya, Basra south Iraq. Under the terms of the technical services agreement (TSA), Baker Hughes will supply more
Wolf 1
Progress and Status:
Origin Energy, on behalf of the L11 Joint Venture, advises that Wolf 1 gas appraisal well spudded on 17 July using the Weatherford drilling rig 826. This well is being drilled to appraise the extent of the gas accumulation discovered by the Redback South 1 well, drilled in 2009.
At 06.00 hours ... more
Roc Oil (Tasman) Pty Limited, a wholly owned subsidiary of ROC, advises that at 0600 hours today the Tuatara-1 exploration well was drilling ahead at a measured depth of 1,796 metres. The significance of the previously reported gas shows will be fully assessed by wireline logs after drilling to total depth. Progress since the last report was 814 metres.
Tuatara-1 is located ... more
Centrica plc today announced that its North American subsidiary, Direct Energy, has reached an agreement with Suncor Energy (TSX: SU, NYSE: SU), to acquire its natural gas assets in the Wildcat Hills region of Alberta, for a cash consideration of C$375 million (£229 million).
This acquisition will provide Direct Energy with 241 billion cubic feet equivalent ... more
Essential Energy Services Ltd. (TSX:ESN) ("Essential" or the "Company") announces 2010 second quarter results with positive EBITDAS(1) of $0.3 million. EBITDAS for the first six months of 2010 was $10.6 million.
"We are very pleased with Essential's second quarter results" said Garnet Amundson, President and Chief Executive Officer. "Positive EBITDAS is a big improvement ... more
Pace Oil & Gas Ltd. (TSX:PCE) ("Pace or the "Company") is pleased to announce its financial and operating results for the three and six months ended June 30, 2010 and its plans for the remainder of this year.
Pace Oil & Gas Ltd. was formed on June 29, 2010, through the merger of Midnight Oil Exploration Ltd. (Midnight), and Provident Energy Trust's upstream ... more
Stealth Ventures Ltd.
("Stealth") (TSX.V: SLV) is pleased to announce that it has closed the
initial tranche of the private placement announced on June 17, 2010. The
initial tranche consisted of the sale of 6,716,000 units at a price of $0.10
per unit, for gross proceeds of $671,600, each unit consisting of one (1)
common share and one-half (1/2) of ... more
Mandalay Resources
Corporation (TSX: MND, MND.WT) ("Mandalay" or the "Company") is pleased to
announce that it has completed the previously announced acquisition of
Compania Minera Cerro Bayo Ltda., a wholly owned, Chilean subsidiary of
Coeur d'Alene Mines Corporation. For further information please see the
Company's press release dated August 6, 2010.
more
Constellation Energy (NYSE:CEG) today announced that it has named Bruce J. Stewart to the position of managing director and chief marketing officer within the company’s retail energy business. Most recently, Stewart served as chief executive officer of the mobile and digital division of kgb, a pioneer and leading provider of retail information services including directory ... more
CAMAC Energy Inc. (NYSE Amex:CAK), today announced that on August 6, 2010, the Company entered into a memorandum of understanding (the ... more
Wescorp Energy Inc. (OTCBB: WSCE), a clean water technology company focused on implementing its low-cost solutions into ... more
The Norwegian authorities' has approved the development plan for the Norwegian gas field Marulk. As earlier announced DONG Energy agreed to the development plan in July 2010.
The field is estimated to contain 71 million barrels of oil equivalents (boe)in total commercial reserves and to be in production in the second quarter of 2012. The work in regards to preparing ... more
Hardy Oil and Gas plc (LSE: HDY), the oil and gas exploration and production company with assets predominantly in India, announces the recommencement of drilling of the exploration well KGV-D3-W1, on the Company's KG-DWN-2003/1 (D3) exploration license.
The KGV-D3-W1 exploration well recommenced drilling on 10 August 2010 using the Transocean rig Frontier 534 in ... more
August 11,2010 -- Brazil-based infrastructure and energy services company Triunfo has launched test operations at the second generation unit at its 116-MW Salto hydropower plant, a spokesperson for the group told wire services. ....
As the U.S. looks to cut oil imports, production of a staple renewable energy slides
August 11,2010 -- Germany-based construction firm Bilfinger Berger has won a contract for constructing the pressure tunnel plating as well as other piping system components for Verbund Austrian Hydro Power at the Reisseck II pumped-storage hydropower plant in Au.......
August 11,2010 -- Germany-based construction firm Bilfinger Berger has won a contract for constructing the pressure tunnel plating as well as other piping system components for Verbund Austrian Hydro Power at the Reisseck II pumped-storage hydropower plant in Au.......
In July 2010, the Samotlor gas gathering project was endorsed by Sberbank’s Expert Council, which gave it the highest score among the 35 projects competing for the right to sell Emission Reduction Units under the Kyoto protocol. In April 2010, a mandatory independent expert review (verification) of the reduction in greenhouse ... more
U.S. Energy Corp. (Nasdaq:USEG) ("USE" or the "Company"), a natural
resources exploration and development company with interests in oil and gas,
molybdenum, geothermal, and real estate assets, today announced the initial
production rate from its Sukut 28-33 #1H well which was recently completed
with Brigham Exploration Company (Nasdaq:BEXP) ("Brigham" or "BEXP") ... more
BP announced today that it has established a trust and made a $3 billion initial deposit of the previously-announced $20 billion escrow account to pay legitimate claims arising from the Deepwater Horizon incident and the resulting oil and gas spill. “The purpose of the escrow account was to assure those adversely affected by the spill [...]
AGR Field Operations has signed a 3 year agreement with Seadrill Offshore AS for the provision of inspection and surveys according to authority requirements. The agreement covers all of Seadrill’s rigs on the Norwegian Continental Shelf. AGR Field Operations will under this agreement provide services relating to Drilling Equipment, Lifting Equipment, Rope Access, Derrick ... more
Magellan Petroleum Corporation (NASDAQ:MPET) provided updates to its current operations and certain commercial transactions.
In the United Kingdom ("UK"), ongoing discussions with the Operator of the Markwells Wood and Havant wells, onshore Weald Basin, UK, have ... more
Noble Energy, Inc. (NYSE:NBL) announced today that it has received government approval for the development of the 2009 Tamar gas discovery in the Mediterranean offshore Israel. Until recently, Noble Energy and its partners planned to develop Tamar using an option (Tamar North) ... more
Breitling Oil and Gas today announced that the Trinity #1, the first well it its Breitling-Trinity 3 Well Drilling Prospect in Okfuskee County, Oklahoma, is being completed as a possible oil and gas producer after reaching a total vertical depth of 3,753 feet.
From log analysis, the well encountered several potentially productive zones over a gross interval in the ... more
BP announced today that it has established a trust and made a $3 billion initial deposit of the previously-announced $20 billion escrow account to pay legitimate claims arising from the Deepwater Horizon incident and the resulting oil and gas spill.
Cellect Plastics LLC (CELLECT) has received orders totaling $1 million for its Opflex(TM) oil absorbing foam for immediate shipment and deployment in the Dalian crude oil cleanup from China Environmental Protection Fuel Group Ltd. (CEPFG). CEPFG placed the orders as a result of successful trials using the Opflex(TM) sorbent products in the Dalian harbor, beaches, and surrounding ... more
Regency Energy Partners LP (Nasdaq: RGNC) (“Regency”) announced today the commencement of an underwritten public offering of an aggregate of up to 14,000,000 common units representing limited partner interests in Regency.
In connection with the offering, Regency has granted the underwriters a 30-day option to purchase up to an additional 2,100,000 common ... more
Plains All American Pipeline, L.P. (NYSE: PAA) announced today that it has reached a settlement agreement with ... more
Enventure Global Technology, the pioneer in solid expandable technology, today announced the first successful commercial installation of its 8 x 9-5/8 in. MonoSET(TM) Openhole Clad (OHC) System. The system was installed for Petroleum Development Oman (PDO) in a deviated well located in the Fahud Field to stabilize a shale section.
“And this first-time-right ... more
Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its Global Power Group has been awarded a contract by Daewoo Engineering Company for the design and supply of two circulating fluidized-bed (CFB) steam generators for PT Merak Energi. The project is located in Banten Province on the western part of Java Island in Indonesia.
“Our ... more
Dejour Enterprises Ltd. (NYSE-AMEX: DEJ / TSX: DEJ) (“Dejour”), an independent oil and natural gas company operating multiple exploration and production projects in Northeastern British Columbia and Western Colorado, today announceshigh volume crude oil and natural gas output in July from the Company's Woodrush Project located in the Peace River Arch in British Columbia, ... more
AuraPortal (www.auraportal.com), a global provider of Business Process Management (BPM) software, today announced a strategic ... more
Technip (Paris:TEC) (ISIN:FR0000131708) has been awarded by Statoil ASA a contract, worth approximately €23 million, for the development of the Snorre field in the Norwegian North Sea.
The contract covers the welding and installation of a 9 kilometer-long rigid steel flowline(1) to connect the Snorre A and B platforms. It also includes installation and ... more
NAL Oil & Gas Trust (the "Trust" or "NAL") (TSX:NAE.UN) will pay a distribution of $0.09 per unit on September 15, 2010, to Unitholders of record on August 23, 2010. The units will begin trading on an ex-distribution basis on August 19, 2010.
The current monthly distribution annualized totals $1.08 per unit, and represents a 9.9% cash-on-cash yield based on the ... more
Black Dragon Resource
Companies, Inc. ("the Company", "Dragon") (Pink Sheets:BDGR) is pleased to
announce today that Black Dragon's EOR technology has demonstrated positive
results. According to EOR Principal, the Davis well was producing 4 barrels
a day. They injected 1.100 barrels of water with the chemical and the well
produced 150 barrels in ... more
Liberty Energy Corp. (OTCBB:LBYE) ("Liberty" or "the Company") an
independent oil and gas exploration company, is pleased to announce that the
company has been granted eligibility status by the Depository Trust Company
(DTC).
"Securities not DTC eligible are often not accepted for trading at many
institutions or simply restricted from being traded ... more
Alange Energy Corp (TSXV:
ALE) announced today that it has received an independent reserves and
resource evaluation report dated June 30, 2010 (the "Petrotech Report" or
the "Report") prepared by Petrotech Engineering Ltd. ("Petrotech") of
Burnaby, British Columbia, relating to the current resource base in Cubiro,
an oil and gas exploration and production ... more
The 2009 National Pollutant
Release Inventory (NPRI) released August 6 includes new data on the mining
industry's waste rock and tailings, providing greater transparency and
important context on oil sands mines.
Reporting of certain substances contained in mine tailings, the by-product
of bitumen or mineral extraction, is a timely new requirement ... more
Tuesday, Aug 10, 2010
Keppel FELS Limited (Keppel FELS) is on track to deliver ENSCO 8503, the fourth of seven ENSCO 8500 Series® semisubmersible drilling rigs being built exclusively for Ensco plc (NYSE: ESV).
Subsea 7 Announces $100m North Sea Contract
10-08-2010
Technip awarded contract for the Snorre project in Norway
10-08-2010
Expro secures vessel for subsea well intervention
04-08-2010
Nexans wins a 64 million Euros turnkey contract for Greece’s new Nea Makri-Polypotamos high-voltage submarine power link
03-08-2010
BW offshore signs US$150 million contract for completion of FPSO OSX-1 project, Brasil
03-08-2010
Acergy S.A. awarded $220 [...]
August 10,2010 -- The U.S. Army Corps of Engineers has awarded a $2.9 million contract to Washington-based K&N Electric Motors Inc. for rehabilitation of a 600-ton bridge crane in the powerhouse of the 810-MW Lower Monumental hydroelectric project on the Sna.......
August 10,2010 -- A new hydrokinetic turbine for generating clean electricity from water sources is approaching its final testing phase, developers reported. ....
August 10,2010 -- Colombian hydro generator Epsa plans to begin operations at its 18.8-MW Amaime small hydropower plant within a month, developers told wire services. ....
CNOOC Limited (“the Company" or “CNOOC Ltd,” NYSE: CEO, SEHK: 883) is pleased to announce today that Bozhong (BZ) 19-4 (shallow formation) oil field in the Bohai Bay has commenced production recently.
This oil field is located in the southwest part of Bohai Bay. With an averaged water depth of about 21 meters, the field is approximately 7 kilometers ... more
Tuesday, Aug 10, 2010
Noble Corporation (NYSE: NE) today announced that a subsidiary has signed contracts for the construction of a new, dynamically positioned ultra-deepwater Globetrotter-class drillship with South Korea’s STX Heavy Industries Co., LTD (”STX”) and Dutch-based design and construction firm Huisman Equipment B.V.
As part of its associated gas utilization program Sorochinskneft commissioned four gas-turbine power plants (GTPPs) at Rodnikovskoe power generation center in July 2010. Since 2008, 570 mln rubles has been invested in the project. Each plant can generate 1.8 MW and consumes 15,900 cubic metres of gas per day.
Commissioning ... more
Noble Corporation (NYSE: NE) today announced that a subsidiary has signed contracts for the construction of a new, dynamically positioned ultra-deepwater Globetrotter-class drillship with South Korea's STX Heavy Industries Co., LTD ("STX") and Dutch-based design and construction firm Huisman Equipment B.V.
The Noble Globetrotter II drillship is the second ... more
Engineering and construction company Clough Limited (ASX:CLO) today announced that the BAM Clough Joint Venture has received a AUD10 million Work Order relating to the design and construction of an LNG condensate offloading jetty in Papua New Guinea. Engineering and procurement work has commenced whilst the parties continue to negotiate a contract for the complete scope.
BAM ... more
Alange Energy Corp (TSXV:
ALE) announced today that it has received an independent reserves and
resource evaluation report dated June 30, 2010 (the "Petrotech Report" or
the "Report") prepared by Petrotech Engineering Ltd. ("Petrotech") of
Burnaby, British Columbia, relating to the current resource base in Cubiro,
an oil and gas exploration and production ... more
Florida Public Utilities Company (FPU), a subsidiary of Chesapeake Utilities Corporation (NYSE:CPK) , announced today its purchase of the natural gas operating assets of Indiantown Gas Company (Indiantown Gas or IGC), a natural gas distribution and transportation company headquartered ... more
Vanguard Natural Resources, LLC (NYSE:VNR) ("Vanguard") announced today it has entered into a 12-month equity distribution agreement with Knight Capital Markets, LLC (KCM), a subsidiary of Knight Capital Group, Inc. Under the terms of the agreement, Vanguard has retained KCM to ... more
Alamo Energy Corp.
(OTCBB:ALME) is pleased to announce that it has entered into a well re-entry program with Allied Energy Inc. on its Dillon #1 re-entry well, Pleasants County, West Virginia.
The Dillon #1 well, which is located on approximately 204.4 acres was
originally drilled to approximately 3,600 feet with first production in
1985 from the ... more
Constellation Energy (NYSE: CEG) today announced it has signed an asset purchase agreement with Boston Generating to acquire its 2,950-megawatt fleet, the third largest power generating portfolio in the New England region, for approximately $1.1 billion, or roughly $372/kW.
“This agreement is consistent with Constellation Energy’s previously ... more
Chesapeake Energy Corporation (NYSE:CHK) today announced that it is commencing a public offering of $600 million of Senior Notes due 2018 and $1 billion of Senior Notes due 2020. Chesapeake intends to use the net proceeds from the offerings to pay the purchase price or redemption price, as applicable, of its outstanding $300 million of 7.00% Senior Notes due 2014, $600 million ... more
Gulf Keystone confirms that certain Production Sharing Contract ("PSC") amendments were approved and executed by the Kurdistan Regional Government (KRG) and all the other parties in each of the respective PSCs, with an effective date of 1 August 2010.
On 10 March 2010, Gulf Keystone announced proposals to reorganise its interests in Gulf Keystone Petroleum International ... more
Energas Resources, Inc. (OTCBB: EGSR) announced today that the Neugebauer #1 well on the Lake Devore Prospect reached total depth over the weekend. Upon review of the electric logs a decision was made to plug and abandon the well.
“Even though this well didn’t work out the way we anticipated, I feel that we learned some things about the methods ... more
Wright Express Corporation (NYSE: WXS), a leading provider of payment processing and information management services to the petroleum industry and the commercial and government fleet industry, today announced it has signed an agreement with BP International to process BP’s commercial fuel card transactions in Australia and New Zealand.
“Our ... more
Inergy, L.P. (NYSE:NRGY) and Inergy Holdings, L.P. (NYSE:NRGP) today announced a definitive agreement that, upon completion, will result in the merger of the two partnerships. The merger transaction will be completed with equity consideration and will result in the elimination of NRGY’s incentive distribution rights owned by NRGP and NRGY owning its non-managing general ... more
In collaboration with the College of Marine Science, University of South Florida; Assure Controls announced today that the QwikLite 200 Biosensor System(TM) (QwikLite®) is a new element of their extensive Gulf Oil Spill sampling and testing cruise, which departed August 6th. After successful laboratory testing of affected water samples, the University ... more
Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced it has received a multi-million dollar order from Caspian Pipeline Consortium (CPC).
“We’re pleased to expand our relationship with CPC and help them increase pipeline capacity through our innovative ... more
NuStar Logistics, L.P., a wholly owned operating subsidiary of NuStar Energy L.P. (NYSE: NS), today announced that it has priced $450 million principal amount of 4.80% senior notes due September 1, 2020. The senior notes were priced at 99.807% of par at a yield to maturity of 4.824%. The settlement date for the offering is expected to be August 12, 2010. The senior notes have ... more
AWE Limited advises that at 0600 hours today the Tuatara-1 well was drilling ahead at a measured depth of 982 metres. Intermittent gas shows have been encountered in the well over the drilled interval between 780 and 900 metres. The significance of these shows will be fully assessed by wireline logs after drilling to total depth. No oil shows have been reported to ... more
Cano Petroleum, Inc. (NYSE Amex:CFW) announced today that Steven Pully has resigned his position as a member of Cano’s board of directors.
“We would like to thank Steve and Carlson Capital for their support over the past two years and their continued support as we review our strategic alternatives. Steve joined our board during a turbulent phase ... more
SCANA subsidiary (NYSE:SCG) South Carolina Electric & Gas Company (SCE&G) received an opinion from the South Carolina Supreme Court reversing the decision of Public Service Commission of South Carolina to include cost contingencies and associated inflation as part of its anticipated components of capital costs under SCE&G’s Base Load Review Order for its new ... more
Samson Oil & Gas Limited (ASX: SSN) (NYSE AMEX: SSN) advises that, pursuant to the amended sales agreement for part of its Goshen County lease holdings, it has now received the required $10 million deposit. The deposit is not being held in escrow and is refundable only if Samson is unable to deliver marketable title to twenty percent (20%) of the contracted properties, other ... more
Chesapeake Energy Corporation (NYSE:CHK) today announced that it has priced its previously announced public offering of $2.0 billion aggregate principal amount of senior notes. The offering consisted of $600 million of Senior Notes due 2018, which carry interest at a rate of 6.875% per annum, and $1.4 billion of Senior Notes due 2020, which carry interest at a rate of 6.625% ... more
McDermott International, Inc. (NYSE: MDR) ("McDermott") announced one of its subsidiaries was awarded a contract to upgrade and enhance a water injection system for Abu Dhabi Marine Operating Company (ADMA-OPCO) in the Zakum field. The contract value is expected to be approximately $350 million and is included in McDermott's second-quarter 2010 bookings.
Located approximately ... more
August 9,2010 -- Plutonic Power Corporation and GE Energy Financial Services, a unit of GE, announced that their Toba Montrose General Partnership has commenced selling electricity to BC Hydro under an Electricity Purchase Agreement from power generated by the .......
San Donato Milanese (MI), 7 August 2010 – Eni reached an agreement with Gas Plus to sell its 100% stake of Padana Energy, a company which holds exploration permits and concessions for development and production of hydrocarbons in Northern Italy.
The transaction is valued at €175 million, subject to a possible adjustment of up to €25 million ... more
Songa Venus achieved operating efficiency of 96% during the month, the rig continued its work on the first out of 3 firm wells for Shell Development (Australia). Shell confirmed and exercised first out of 3 optional wells, this well has further been assigned to MEO Australia Limited.
Songa Mercur achieved operating efficiency of ... more
Mitsubishi Heavy Industries, Ltd. (MHI) has acquired a 40% equity stake in ATLA S.r.l., an Italian gas turbine parts manufacturing and repair company, to further enhance its operational structure for gas turbine maintenance services in Europe. Through collaboration with ATLA, MHI aims to boost its competitiveness in the European power systems market by providing superior inspection ... more
Roc Oil (Tasman) Pty Limited, a wholly owned subsidiary of ROC, advises that at 0600 hours today the Tuatara-1 exploration well was drilling ahead at a measured depth of 982 metres. Intermittent gas shows have been encountered in the well over the drilled interval between 780 and 900 metres. The significance of these shows will be fully assessed by wireline logs after drilling ... more
Petrofac, the international oil & gas facilities service provider, announces that it has been awarded a KD123 million (approximately US$430 million) contract by Kuwait Oil Company (KOC) for the engineering, procurement and construction of effluent water and central sea water injection facilities.
The project involves the installation of a new central injection pumping ... more
Monday, Aug 09, 2010
Oil giant BP PLC announced Sunday that a test on the cementing operation needed to plug its troubled well in the Gulf of Mexico was successful.
CALGARY and LONDON, Aug. 9 /CNW/ - Stratic Energy Corporation (TSX Venture: 'SE', AIM 'SE.') ("Stratic" or the
"Company") announces that operator EnQuest spudded the 211/18a-W4 well on the West Don field on 7th August, 2010. This well is being drilled as a third production well.
The 211/18a-W4 well targets the southern area of the West Don field and operations ... more
Darnley Bay Resources Limited ("Darnley Bay") (TSX VENTURE:DBL) is pleased to announce that its exploration and drill program has commenced on a number of fronts. On July 30, a 20-person exploration camp was mobilized from Yellowknife to Paulatuk on a First Air Hercules aircraft, together with some drill equipment. The winterized camp was then transported to the site 41 km southeast ... more
Heritage Oil Plc (TSX:HOC)(LSE:HOIL), an independent upstream exploration and production company, announces the following voting rights in Heritage in respect of issued shares in accordance with the Disclosure and Transparency Rules as at close of business 31 July 2010: -- 284,857,730 ordinary shares of no par value. Each ordinary share carries ... more
Inter Pipeline Fund ("Inter Pipeline") (TSX:IPL.UN) announced today that the Cold Lake Pipeline Limited Partnership has entered into a long term agreement to construct additional bitumen blend capacity on the Cold Lake pipeline system. New facilities will add approximately 180,000 barrels per day (b/d) of oil gathering capacity to meet strong forecast production growth at the ... more
Capturing pollution from European power plants and using it to force oil from underground reservoirs may turn a profit for the first time as crude prices rise toward $100 a barrel.
more
Canoel International Energy Ltd. ("Canoel" or the "Company") (TSX VENTURE:CIL) wishes to announce that it has completed the acquisition of Central Patagonia Srl, an Argentinean company ("Central Patagonia"), which was previously announced September 15, 2009.
Central Patagonia is the owner of the license for two adjacent oil producing properties located in the region ... more
Trican Well Service Ltd. (TSX:TCW) FINANCIAL REVIEW ---------------------------------------------------------------------------- ($ millions, except per Three months ended Six months ended share amounts; ... more
U.S. Energy Corp.
(Nasdaq:USEG) ("USE" or the "Company"), a natural resources exploration and
development company with interests in oil and gas, molybdenum, geothermal,
and real estate assets, today announced positive drill results on a natural
gas well with partner PetroQuest Energy, L.L.C.
("PetroQuest") (NYSE:PQ), and provided an update on drilling ... more
Gran Tierra Energy Inc. (NYSE Amex: GTE, TSX:
GTE), a company focused on oil exploration and production in South America,
today announced financial and operating results for the quarter ended June
30, 2010. All dollar amounts are in United States dollars unless otherwise
indicated.
Highlights for the quarter include:
<< - Confirmed ... more
United Refining Company has temporarily reduced its Warren, PA crude
processing until a crude line operated by Enbridge's Lakehead System in
Kalamazoo, Michigan can be repaired. On July 26, a leak was detected in the
Line 6B pipeline on Enbridge's Lakehead System in Michigan and was
subsequently shut down. In response to the partial reduction of its crude
more
Oil giant BP PLC announced Sunday that a test on the cementing operation needed to plug its troubled well in the Gulf of Mexico was successful.
In an announcement on its website Sunday, the company said that the pressure testing following the cementing operations indicates an effective cement plug in the pipe, "which was the desired outcome." The announcement was expected ... more
Constellation Energy Partners LLC (NYSE Arca: CEP) today reported second quarter 2010 results.
“Our performance has allowed us to reduce debt by 18% over the last nine months while at the same time funding our 2010 drilling program with cash from operations.”
The company produced 3,745 MMcfe for average daily net production ... more
Dejour Enterprises Ltd. is a high growth crude oil and natural gas company operating multiple exploration and production projects in North America's Piceance / Uinta Basin (109,000 net acres) and Peace River Arch regions (20,000 net acres). Dejour's veteran management team has consistently been among early identifiers of premium energy assets, repeatedly timing investments and ... more
Quest Oil, Inc. (Pink Sheets: QOIL), an independent oil and gas exploration company, is pleased to announce that it has successfully completed the acquisition of B&B Oil, Inc., a private, independent oil and gas exploration and development company based in Fredericksburg, Texas. In a share exchange transaction, B&B Oil exchanged all of its outstanding shares, giving Quest ... more
Chevron Corporation has today filed a petition before the Provincial Court of Sucumbíos in Lago Agrio, Ecuador seeking dismissal of the lawsuit pending against it there. In support of its petition, Chevron has submitted to the court video outtakes from the movie Crude that show the plaintiffs' counsel, consultants, and associates meeting with the court's supposedly neutral ... more
Alamo Energy Corp.
(OTCBB:ALME) is pleased to announce that it has entered into a well re-entry
program with Allied Energy Inc. on its Dillon #1 re-entry well, Pleasants
County, West Virginia.
The Dillon #1 well, which is located on approximately 204.4 acres was
originally drilled to approximately 3,600 feet with first production in
1985 from ... more
August 6,2010 -- UkrHydroEnergo, the chief hydropower producer of Ukraine, awarded Emerson Process Management a US$28 million contract for automation systems to manage and control 100 turbine generators in nine hydroelectric plants. ....
A weekly wrap of news and notes from our reading list
TNK-BP’s Executive Director German Khan has held a meeting with staff at Kaluganefteprodukt during a trip to the Kaluga Region. Aleksandr Kurkin, Leader of the PU Centre, Andrey Shults, General Director of Kaluganefteprodukt, and other managers from the retail subsidiary also took part in the ... more
Employees of Private Security Company “Rus” and criminal investigation officers from the Nizhnevartovsk region arrested six people who attempted to haul road slabs off one of TNK-BP integrated gathering facilities.
The plotters arrived at an abandoned section of the road well in advance in KamAz and MAZ trucks. They ... more
Friday, Aug 06, 2010
BP today completed cementing operations at the MC252 well at 14:15 CDT, as part of the static kill procedure. Monitoring of the well is underway in order to confirm the effectiveness of the procedure.
As part of social partnership, TNK-BP once again sponsored Rubin Hockey Club in the city of Tyumen. The allocated funds will be used to purchase sports equipment, provide medical assistance to sportsmen, promote hockey among juniors and the general public, maintain the building of a boarding school, and modernize the premises.
Oleg ... more
Contract Awarded to Wood Group Kenny for Design of New UK Oil Spill Capping and Containment Solutions
06-08-2010
Reliance enters joint venture with Carrizo to expand 104,400 acres of undeveloped land for expansion of shale position in USA
05-08-2010
Foster Wheeler Awarded Contract for Uruguay’s First LNG Receiving Terminal
04-08-2010
ABB lands marine order worth US$20 million
03-08-2010
Heerema Marine Contractors To [...]
The oil production of NGDU Sorochinskneft in January–June 2010 amounted to 4.878 mln tons. The company is planning to produce a total of 9.95 mln tons of oil by the end of 2010 (compared to 9.165 mln tons in 2009).
According to Oleg Toropchin, head of Sorochinskneft, 37 oil ... more
Global Maritime Solutions, LLC, announced the signing of a Memorandum of Understanding with Trinidad-based oilfield service company TOSL Engineering Limited.
The purpose of the agreement is to form a strategic alliance to jointly pursue future business opportunities for the Oil and Gas Industry exclusively in Trinidad and Tobago, Suriname, and Guyana. The synergy of ... more
American Petro-Hunter, Inc. (OTC.BB:AAPH - News) ("American Petro-Hunter" or the "Company"), today wishes to announce that July oil production from the #1 and #3 Lutters wells at the Postons Project located in Trego County, Kansas totaled 1,280 ... more
Sterling Resources Ltd.,
(TSX-V:SLG) ("Sterling" or the "Company") announces the following operations
update for activities in the United Kingdom North Sea.
The Blakeney prospect in UK Block 21/27b has been drilled to a measured
depth of 4,455 feet where the well encountered oil bearing sands as
anticipated. Well operations continue. This is the ... more
BP today completed cementing operations at the MC252 well at 14:15 CDT, as part of the static kill procedure. Monitoring of the well is underway in order to confirm the effectiveness of the procedure.
Operating with the guidance and approval of the National Incident Commander and government officials, BP continues the ongoing relief well operations. Depending ... more
Oil & Gas UK, on behalf of the UK’s Oil Spill Advisory Group (OSPRAG), today (5 August 2010) announced that it has awarded the contract for engineering services to assess subsea capping and containment options for the UK continental shelf (UKCS) to Wood Group Kenny, following the incident in the Gulf of Mexico.
Wood Group Kenny will work closely with the OSPRAG ... more
Terra Energy Corp. ("Terra" or the "Company") (TSX:TT) is pleased to announce that the results of its 100 percent Montney horizontal well (the "10-22 Hz well") have exceeded expectations. Terra carried out a continuous 41.5 hour production test which concluded at a flow rate of 13.2 mmcf/day (or 370 E3m3/day) with a wellhead flowing pressure of 1,200 pounds per square inch (or ... more
Painted Pony Petroleum Ltd. (TSX VENTURE:PPY.A) (TSX VENTURE:PPY.B) ("Painted Pony" or the "Corporation") is pleased to announce that, in connection with its previously announced public offering, the Corporation and the syndicate of underwriters led by FirstEnergy Capital Corp. and including Cormark Securities Inc., RBC Capital Markets, Wellington West Capital Markets Inc., CIBC ... more
Gale Force
Petroleum Inc. (TSX Venture: GFP, the "Corporation") today announced that it
has reached agreements with two of its directors to provide their personal
guarantees of the Corporation's "Line of Credit" with Park Cities Bank.
Future withdrawals from the Line of Credit will be used for the purchase and
development of new properties, including ... more
United Refining Company has temporarily reduced its Warren, PA crude processing until a crude line operated by Enbridge's Lakehead System in Kalamazoo, Michigan can be repaired. On July 26, a leak was detected in the Line 6B pipeline on Enbridge's Lakehead System in Michigan and was subsequently shut down. In response to the partial reduction of its crude deliveries, the Company ... more
PetroQuest Energy, Inc. (NYSE:PQ) announced today that it is commencing a cash tender offer (the "Tender Offer") and consent solicitation (the "Consent Solicitation," and together with the Tender Offer, the "Offer") for any and all of its $150 million aggregate principal amount ... more
Murray, Frank & Sailer LLP announces that it has filed a class action complaint in the United States District Court for the Southern District of New York (Case No. 10 Civ. 5894) on behalf of all individuals and institutions who purchased Anadarko Petroleum Corporation (“Anadarko” or the “Company”) publicly traded securities during the period between ... more
Attractive incentives for energy-efficient upgrades have helped drive activity at local heating, venting and air conditioning businesses in 2010. Through The SAVEGREEN Project(TM) from New Jersey Natural Gas (NJNG), as well as other state and federal incentives, customers are saving thousands on the purchase of new heating and cooling systems, producing strong sales for local ... more
Approach Resources Inc. (NASDAQ: AREX) has appointed Alan D. Bell to its Board of Directors. Mr. Bell’s prior work experience includes 33 years in various capacities at Ernst & Young LLP from 1973 until his retirement in 2006, when he was Director of Ernst & Young’s Energy Practice in the Southwest United States. Before joining Ernst & Young, Mr. Bell ... more
Hess Corporation (NYSE: HES) announced today that it has agreed to sell $1.25 billion of notes with a 5.60% coupon maturing on February 15, 2041 in a registered public offering led by Goldman, Sachs & Co., J.P. Morgan Securities Inc., Morgan Stanley & Co. Incorporated, Deutsche Bank Securities Inc. and RBS Securities Inc.
Hess expects to use the net proceeds ... more
EASTERN AMERICAN NATURAL GAS TRUST (NYSE: NGT) announced today that its Distribution Amount per Unit for the quarter ended June 30, 2010 will be $.2592 per Depository Unit. Based on the amount of Distributable Income for the quarter, the Trust anticipates that it will make a cash distribution on or before September 15, 2010 of $.2592 per Depository Unit to holders of record as ... more
Callon Petroleum Company (NYSE: CPE) is issuing guidance for the third quarter and full year 2010. The guidance, found in the table below, is expressed in ranges for the detailed components.
| Third Quarter and Full Year 2010 |
Guidance ... more
August 5,2010 -- Emerson Process Management has been awarded a US$28 million contract from UkrHydroEnergo for automation systems to manage and control 100 turbine generators in nine hydroelectric power plants. UkrHydroEnergo is the main hydropower generating co.......
August 5,2010 -- The Bureau of Reclamation awarded a Washington-based Knight Construction & Supply Inc. a US$1.5 million contract for modifications to a wheel-mounted gate servicing chamber in the Third Powerplant at the 6,809-MW Grand Coulee hydroelectric .......
Thursday, Aug 05, 2010
Subsea excavation and dredging specialist Scanmudring has formed a strategic alliance with the Marin Group to further expand global operations and build on an already strong reputation.
Subsea excavation and dredging specialist Scanmudring has formed a strategic alliance with the Marin Group to further expand global operations and build on an already strong reputation.
Scanmudring UK Ltd has signed a formal memorandum of understanding with Marin Group under which both are now supplying a range of complementary subsea ... more
Thursday, Aug 05, 2010
Reliance Industries has announced that its subsidiary, Reliance Marcellus II, has signed definitive transaction agreements to enter into a Marcellus Shale joint venture with United States based Carrizo Oil & Gas.
Reliance Industries has announced that its subsidiary, Reliance Marcellus II, has signed definitive transaction agreements to enter into a Marcellus Shale joint venture with United States based Carrizo Oil & Gas.
The terms of agreement state that Reliance will acquire 60% interest in Marcellus Shale acreage in Central and Northeast Pennsylvania that is currently ... more
Serica Energy (TSX Venture & AIM: SQZ) announces that on 30 July drilling operations commenced at the Oates exploration well location in Block 22/19c in the UK Central North Sea. The well will be drilled by the Ensco 100 jack-up drilling rig to a depth of approximately 10,000 feet and is anticipated to take approximately 30 days to drill. Serica has a 50% interest in the ... more
Ithaca Energy Inc. (TSX Venture: IAE, LSE AIM: IAE) and its wholly owned subsidiary Ithaca Energy (UK) Limited ("Ithaca" or the "Company"), an independent oil & gas company with exploration, development and production assets in the UK sector of the North Sea, announces that the Company has entered into an agreement to acquire certain UK North Sea gas interests from GDF SUEZ ... more
The Operator of the Tuatara-1 exploration well, AWE Limited, has advised that at 0600 hours today the Tuatara-1 well was at a measured depth of 773 metres after running and cementing 13-3/8” casing and landing the BOP’s in preparation for drilling ahead in 12-1/4” hole. Progress for the week was 613 metres.
The Tuatara-1 well is located in PEP 38524, ... more
Roc Oil (Tasman) Pty Limited, a wholly owned subsidiary of ROC, advises that at 0600 hours today the Tuatara-1 exploration well was at a measured depth of 773 metres after running and cementing 13-3/8" casing and landing the blowout preventer in preparation for drilling ahead in 12-1/4" hole. Progress for the week was 613 metres.
Tuatara-1 is located in PEP38524, Offshore ... more
AWE Limited reports that as at 06:00 Yemen time (-7 hrs AEST) on 4 August, the Jebel Al Milh-1 well was at a depth of 3,677 metres and was preparing to run 9-5/8” casing prior to drilling ahead in basement.
During the week, the planned logging programme over the Lam and Meem formations was completed. Initial analysis of the data suggests the presence of hydrocarbons.
more
HOUSTON - BP has received authorization from the National Incident Commander (NIC) to conduct cementing operations on the MC252 well as part of the static kill procedure. Pumping operations are expected to begin Thursday, August 5th.
All operations are being carried out with the guidance and approval of the NIC and other government officials.
Wolf 1
Progress and Status:
Origin Energy, on behalf of the L11 Joint Venture, advises that Wolf 1 gas appraisal well spudded on 17 July using the Weatherford drilling rig 826. This well is being drilled to appraise the extent of the gas accumulation discovered by the Redback South 1 well, drilled in 2009.
At 06.00 hours ... more
Global-leading core handling specialists Kirk Petrophysics, a Reservoir Group company, has secured a major storage contract with BP Angola to support the drilling campaign in Block 31, Angola.Over the next 7 years, Kirk Petrophysics will handle and store samples (core, cuttings and mud) collected from approximately 40 wells. Kirk Petrophysics, following a recent merger with StoreCore ... more
Alange Energy Corp.
(TSXV: ALE) announced today that after extensive testing, the Cerrito-1
well, located in the Cerrito block of the Catatumbo basin, has turned out
1.2 MMCFD, that will immediately be incorporated on stream into the pipeline
to Cucuta, the capital city of the Department of Norte de Santander,
Colombia.
Upon completion of ... more
Further to its press release of June 1, 2010, Argosy Energy Inc. (the "Corporation") ("Argosy") (TSX:GSY), is pleased to announce that it has entered into an agreement to dispose of the Corporation's oil and gas interests in the Saxon area of Alberta. The consideration to be paid to Argosy under the agreement is $16.6 million subject to closing adjustments. Closing is expected ... more
ONEOK Partners, L.P. (NYSE: OKS) will participate in the Bank of America Merrill Lynch Bakken Day on Wednesday, Aug. 11, 2010, in Minot, N.D.
Terry K. Spencer, ONEOK Partners chief operating officer, will present.
Presentation slides will be posted ... more
Laredo Oil, Inc. ("Laredo Oil") (OTC:LRDC) (BULLETIN BOARD: LRDC) , today announced that it has moved its corporate headquarters to Austin, Texas. This move enables Laredo Oil to capitalize on the innovative and technological components the region has ... more
APGA-SIF and Technical Toolboxes announce the launch of SHRIMP, the Simple, Handy, Risk-Assessment, Integrity, Management Plan, an online tool to help gas utility operators to create a written Distribution Integrity Management Plan required by new federal pipeline safety regulations. All utilities must have written plans in place by August 2, 2011.
SHRIMP is an ... more
Black Dragon Resource
Companies, Inc. ("the Company", "Dragon") (Pink Sheets:BDGR) is pleased to
announce today that Black Dragon oil leases shipped 2400 gross barrels of
oil in the month of July and the Humble EOR project shipped
487 gross barrels of oil. Black Dragon also increased its producing leases
from 18 to 23. Black Dragon expects to further ... more
Angle Energy Inc. ("Angle" or the "Company") (TSX:NGL) Ms. Noralee Bradley, Chairman of the Board of Angle Energy Inc., is very pleased to announce that Mr. Jacob Roorda has agreed to join the Board of Directors. We look forward to his guidance as the company continues its growth into an intermediate oil and natural gas producer. Mr. Roorda will assume his directorship duties effective ... more
BreitBurn Energy Partners L.P. (the "Partnership") (NASDAQ:BBEP) today announced financial and operating results for its second quarter of 2010.
Key Highlights
- The Partnership had an excellent quarter both operationally and financially, with production at the high end of the guidance range and other key metrics exceeding expectations.
- The ... more
Regency Energy Partners LP (Nasdaq: RGNC) (“Regency”), announced today it has completed the Phase I and Phase II expansions of its Logansport Gathering System located in the Haynesville Shale in north Louisiana (“Logansport Expansions”). The Logansport Expansions, which add an incremental 485 MMcf/d of gathering capacity to Regency’s existing system, ... more
McDermott International, Inc. (NYSE:MDR) (“McDermott” or the “Company”) today provided information relating to tax basis allocation methodology for shareholders of McDermott following the Company’s spin-off distribution of the common stock of The Babcock & Wilcox Company (NYSE:BWC) (“B&W”).
Tax Basis Allocation ... more
Samson Oil & Gas Limited (ASX: SSN) (NYSE AMEX: SSN) advises that the Rodney #1-14H well has completed the vertical and the curve portions of the well, such that the well has landed horizontally in the middle member of the Mississippian Bakken Formation at a total vertical depth of 11,288 feet on August 4th. Very good oil and gas shows were recorded upon drilling ... more
ATP Oil & Gas Corporation (NASDAQ: ATPG) will host a live conference call on Friday, August 6th at 10:00 am CDT to discuss the company’s second quarter results followed by a Q&A session. ATP expects to issue a press release announcing second quarter results before the market opens on Friday, August 6th.
Source: Business ... more
Plains All American Pipeline, L.P. (NYSE: PAA) today reported net income attributable to Plains of $131 million, ... more
Murphy Oil Corporation (NYSE: MUR) announced today that net income in the second quarter of 2010 was $272.3 million ($1.41 per diluted share) compared to net income of $158.8 million ($0.83 per diluted share) in the second quarter of 2009. Income improved in 2010 in both the upstream and downstream businesses of the Company. Upstream earnings improved in the 2010 quarter due ... more
Western Gas Partners, LP (NYSE: WES) today announced second-quarter 2010 financial and operating results. Net income available to limited partners for the second quarter of 2010 totaled $22.9 million, or $0.35 per limited partner unit (diluted). The Partnership’s second-quarter Adjusted EBITDA(1) was $38.5 million and distributable cash flow(1) was ... more
August 4,2010 -- Coming at the heels of OPT Inc.'s announcement that its subsidiary, England-based OPT Ltd. was awarded GBP 1.5 million (US$2.3 million) for the development of its next-generation wave power system, the wave energy hydropower developer announced.......
Production potential for unconventional fuel is staggering, projections show
Sevan Driller II was launched on August 2, 2010. The project is progressing according to plan and schedule. Block construction has been completed up to 13.4 meters and the construction activities continue in dry dock at the Cosco Shipyard in Qidong.
Source: Sevan ... more
August 4,2010 -- Owners of the failed Lake Delhi dam in eastern Iowa said the dam will be rebuilt and might again produce hydroelectric power, according to wire reports. ....
The August issue of Alberta Oil examines the Far East, distributed generation and the Northern Gateway proposal
Tethys Petroleum Limited ("Tethys" or the "Company") (TSX:TPL) announced today that it has signed a Memorandum of Understanding with Holding Energy Petroleum Engineering Technology (Beijing) ("HOPEC") for HOPEC to assist in introducing Tethys to Chinese State oil companies and investors to open discussions for those entities to farm-in to Tethys' assets in Tajikistan.
more
LNG Energy Ltd. ("LNG" or the "Company") (TSX VENTURE:LNG) is pleased to announce that the acquisition of 27km of 2D seismic on LNG's 100% working interest PPL 319 in Papua New Guinea has been completed. PPL 319 lies between InterOil Corporation's ("InterOil") recent Miocene aged Elk/Antelope discovery in PPLs 237 and 238 and the Mesozoic aged discoveries located within the licenses ... more
Aztec Oil & Gas, Inc. (Pink
Sheets:AZGS) announced today that it has been approved as a CPE sponsor in
Texas and has now received its official letter from the Texas State Board of
Accountancy authorizing it to provide CPE Courses for Texas CPAs, primarily
involving Aztec's acclaimed "Oil & Gas for Dummees"
presentation.
Aztec had already ... more
Black Dragon Resource
Companies, Inc. ("the Company", "Dragon") (Pink Sheets:BDGR) is pleased to
announce that Black Dragon will now earn up to 25% of the first phase of the
Humble Project by completing the first phase of the project which includes
the drilling of the fifth well. Black Dragon intends to have the drilling
rig onsite this week and have ... more
Goldnev Resources Inc.
("Goldnev" or the "Corporation") (TSXV: GNZ) announces that it has filed its
Audited Financial Statements and associated Management's Discussion and
Analysis for the year ended March 31, 2010.
In addition, the Corporation announces that pursuant to National Instrument
51-101 - Standards of Disclosure for Oil and Gas Activities, ... more
Nordic Oil and Gas Ltd.
(the "Company) TSXV: NOG) announced that it has exercised its right to
terminate the asset purchase agreement dated May 21, 2010 (the "Asset
Purchase Agreement") between the Company and Western Plains Petroleum Ltd.
pursuant to which the parties had agreed that Western Plains would acquire a
50% interest in Nordic's land holdings ... more
Imperial Oil today launched a new and improved Esso
station locator at esso.ca that offers a user-friendly experience for
customers. The interactive locator utilizes the most current technology to
provide easy access to information about Esso retail site locations across
Canada and Exxon and Mobil sites in the United States.
The feature provides ... more
American Eagle Energy Inc. (OTC Bulletin Board: AMZG; "AEE", or the "Company") announced that it, along with its 50% working interest partner, Eternal Energy Corp., has completed the mechanical workover of the Hardy 2D7-9-3D2-16-4-21 well, located in southeastern Saskatchewan. Recovery of the fluids used during the workover efforts has commenced and the Company currently anticipates ... more
VAALCO Energy, Inc. (NYSE:EGY) today provided a further update on the Southeast Etame No. 1 ("ETSEM-1") exploration well which, as previously announced, was drilled to a total depth of 2,757 meters (9,045 feet) offshore Gabon encountering approximately five meters (sixteen feet) ... more
Wednesday, Aug 04, 2010
McMoRan Exploration Co. (NYSE: MMR) announced today that the Blueberry Hill #9STK1 well, located on Louisiana State Lease 340 in 10 feet of water, has been drilled to true vertical depth of 23,630 feet (24,385 feet measured depth). The gamma ray and resistivity information from log-while-drilling tools indicate a possible hydrocarbon bearing [...]
Based on the results of the injectivity test, BP started pumping drilling mud today at 21:00 (UK) and 15:00 (CDT) as part of the static kill operations.
All operations are being carried out with the guidance and approval of the National Incident Commander.
The aim of these procedures is to assist with the strategy to kill and isolate the well, and will complement ... more
Thomas Wicker, a well-known entrepreneur, patent-holder and inventor, has developed a new, innovative oil remediation filter - the OsmoSorb(SM) Type A Oil Remediation Filter Cartridge.
Unlike conventional oil/water separation systems, the OsmoSorb Type A captures the oil in an organic material, which immediately begins to bioremediate the oil, breaking it down into ... more
Salamander Energy plc, the Asia focussed independent oil and gas exploration and production company,
announces that the Bang Nouan-1 exploration well in the Savannakhet PSC, Lao PDR has been plugged
and abandoned.
The Bang Nouan-1 exploration well was completed on 6 May 2010. A drill stem test (DST) programme ... more
Ecopetrol S.A. (NYSE: EC) ("Ecopetrol" or the "Company") and the Canadian company Talisman reached an agreement today with BP to acquire its affiliate company in Colombia, BP Exploration Company Colombia Limited, owner of all the company's interests and business in Colombia.
more
The implementation of a nationwide low-carbon fuel standard (LCFS) in the United States would increase global greenhouse gas emissions by up to 19 million metric tons each year - contradicting the claim of LCFS advocates that the standard would reduce such emissions - according to a study issued today.
The study assumes that because an LCFS would prevent American ... more
American Natural Energy Corporation ("ANEC") (TSX Venture: ANR.U) announced that it has signed a non-binding Letter of Intent ("LOI") with a group of institutional investors to provide financing to be used for the drilling and completion of ANEC's proved undeveloped reserves.
The financing, in the total amount of US$5 million including an Original Issued Discount ... more
Gran Tierra Energy Inc. (NYSE Amex: GTE, TSX:
GTE), a company focused on oil exploration and production in South America,
today announced initial drilling results from Moqueta-2 in the Chaza block
in Colombia. Oil and gas shows were recorded through the Villeta Lower U
Sandstone, the Villeta T Sandstone and the Caballos Formation with electric
logs indicating ... more
McMoRan Exploration Co. (NYSE: MMR) announced today that the Blueberry Hill #9STK1 well, located on Louisiana State Lease 340 in 10 feet of water, has been drilled to true vertical depth of 23,630 feet (24,385 feet measured depth). The gamma ray and resistivity information from log-while-drilling tools indicate a possible hydrocarbon bearing zone in a high quality sand measuring ... more
Allis-Chalmers Energy Inc. (NYSE:ALY) today reported results for the second quarter of 2010. Revenues for the second quarter of 2010 increased 41.0% to $158.6 million compared to $112.5 million for the second quarter of 2009 and Adjusted EBITDA increased 159% in the quarter to $27.2 million compared to $10.5 million for the second quarter of 2009. Allis-Chalmers reported a net ... more
Greenpeace drove a message
home to the heart of Canada's oil industry today, hanging a huge banner from
the Calgary Tower that says "Separate Oil and State" to highlight the need
to sever the cozy relationship between the toxic tar sands oil industry and
the federal and provincial governments.
The activists are in the process of unfurling the 8 ... more
Foster Wheeler AG (Nasdaq: FWLT) announced today that its Global Engineering and Construction Group has been awarded an owner’s engineer contract for a new LNG receiving terminal (the “GNL Del Plata” facility) to be built in Montevideo, in the region of Río de la Plata, Uruguay. The contract was awarded by Uruguay’s state-owned oil company, Administración ... more
Dejour Enterprises Ltd. (NYSE-AMEX: DEJ / TSX: DEJ), an independent oil and natural gas company operating multiple exploration and production projects in North America's Piceance / Uinta Basin and Peace River Arch regions announces the results of an updated reserve assessment for its Woodrush Project. The reserve evaluation, effective June 30, 2010, was conducted by independent, ... more
Nicor Inc. (NYSE: GAS) today reported second quarter 2010 preliminary net income, operating income and diluted earnings per common share were $24.2 million, $43.4 million and $0.53, respectively. This compares to net income, operating income and diluted earnings per common share for the same period in 2009 of $22.9 million, $39.5 million and $0.50, respectively.
“We ... more
August 3,2010 -- Hydroelectric power firm NHPC Ltd. has commenced commercial operations of all three units of the 120-MW Sewa II hydropower project in Jammu and Kashmir, according to wire reports from the region. ....
August 3,2010 -- Hydroelectric power firm NHPC Ltd. has commenced commercial operations of all three units of the 120-MW Sewa II hydropower project in Jammu and Kashmir, according to wire reports from the region. ....
Stockpiles of the unconventional fuel are luring North American energy firms
August 3,2010 -- Wave energy hydropower developer Ocean Power Technologies Inc. announced that its subsidiary, Ocean Power Technologies Ltd, based in Warwick, England, has been awarded a GBP 1.5 million (US$2.3 million) grant from the South West of England Regi.......
Tuesday, Aug 03, 2010
BP today announced that it has agreed to sell its oil and gas exploration, production and transportation business in Colombia to a consortium of Ecopetrol, Colombia’s national oil company (51 per cent), and Talisman of Canada (49 per cent).
BP today announced that it has agreed to sell its oil and gas exploration, production and transportation business in Colombia to a consortium of Ecopetrol, Colombia's national oil company (51 per cent), and Talisman of Canada (49 per cent).
The two companies will pay BP a total of $1.9 billion in cash, subject to customary post-completion price ... more
Can Alberta cash in on the ascendancy of the world's most populous country?
Labor shortfall? Early signs show that skilled talent will soon be in high demand
Actuarial data reveal BP's blowout in the Gulf of Mexico belies industry norms
Alange Energy Corp.
(TSXV: ALE) announced today the re-filing of the company's most recent
independent reserve and resource assessment report dated as of April 30,
2010 (the "Petrotech Report" or the "Report") prepared by Petrotech
Engineering Ltd. ("Petrotech") of Burnaby, Canada, relating to the current
resource base of Alange Energy, in eleven oil ... more
Savanna Energy Services Corp. ("Savanna") (TSX:SVY) intends to release its Second Quarter 2010 results after markets close on Thursday, August 12, 2010. The results will be available on the Company's web site after the dissemination has taken place over the news wire service.
Savanna is a leading contract drilling and oilfield services company providing a broad range ... more
But Alberta's upstream producers remain wary of signing firm shipping commitments
With the help of Safeco, Foremost and Progressive insurance companies, HomeInsurance.com has pledged to donate to the National Wildlife Federation's (NWF) Gulf Oil Spill fund, $5 for every new customer that purchases a home insurance policy through them in August 2010.
"We see it as our global responsibility to help in situations such as this where the wildlife ... more
Delta Petroleum Corporation (The "Company" or "Delta") (NASDAQ:DPTR) , an independent oil and gas exploration and development company, announced today that it has closed on its previously announced transaction with Wapiti Oil & Gas, L.L.C. ("Wapiti") to sell various non-core ... more
From bitumen to diesel, North West Upgrading Inc. looks to capture more margin
Jim Wachowich traffics in a constructive brand of industry criticism
ABB, the leading power and automation technology group, has won an order worth $20 million to provide complete power systems, drilling drive and propulsion systems for a new deep water drilling rig to be built by Daewoo Shipbuilding and Marine Engineering (DSME) at its shipyard in South Korea. The end customer is Brazilian ship owner Petroserv, who will operate the drilling ... more
Israel Petroleum Company, Limited ("IPC") is pleased to announce that the transfer and registration of its ownership rights in the Sara and Myra offshore Israel licenses has been granted by the Petroleum Commissioner of the Israel Ministry of National Infrastructure ("MNI"). Per the updated "Ownership in Petroleum Rights", published by the MNI on June 30, 2010, all rights have ... more
This News Release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Subscription Receipts have not been and will not be registered under the United States Securities Act and may not be offered or sold in the United ... more
The eco-credentials of biofuel aren't all they're cracked up to be
Williams Partners L.P. (NYSE:WPZ) announced today that the Federal Energy Regulatory Commission (FERC) has approved a proposal to expand its Transco natural gas pipeline to serve markets in the southeastern United States.
New service from the Mobile Bay South II Expansion ... more
Tera Environmental Consultants repackages a feel-good cliche as a professional business
During final preparations to commence with the injectivity test, a small hydraulic leak was discovered in the capping stack hydraulic control system. The injectivity test, previously announced to take place today, will be rescheduled until the leak is repaired.
It is anticipated that the injectivity test and possibly the static kill will take place Tuesday.
For ... more
Petroceltic International plc (PCI.L) ("Petroceltic" or "the Company"), the independent oil & gas exploration company focused on the Middle East, North Africa and Mediterranean announces that the Oryx-1 exploration well, on the Ksar Hadada Permit in Tunisia, has reached its total depth at 1140m.
Although oil shows were encountered in both the upper and lower ... more
A proposed pipeline to the Pacific has drawn suitors from South Korea to Singapore
Publishing a magazine about the energy industry hasn't been easy
Impact of natural gas royalty cuts muted by glutted markets
The Mackenzie Gas Project alone must obtain 6,900 permits before beginning construction
COVER PACKAGE
China Rising
Industrial appetites and consumer aspirations are driving the world’s most populous country farther afield in search of energy. Can Alberta cash in on a global economic shift?
Continental Divide
New markets beckon as a Pacific pipeline proposal takes shape
FEATURES
Job Swing
Familiar challenges greet a budding oil patch recovery
Bound for Poland
An emerging European frontier tempts North [...]
Canada could soon be among the top five global suppliers of oil
Top producers and processors spent more than $22 million on efficiency measures in 2008
Passive shareholders a rare breed, says the corporate finance director of the Alberta Securities Commission
But distributed generation won't replace coal-fired electricity overnight
Oceaneering International, Inc. (NYSE:OII) announced that it has, through its wholly-owned subsidiary, Grayloc Products Canada, Ltd., acquired all the operating assets of SMX International Canada Inc. (SMX). Located near Toronto, SMX is a manufacturer of metal-to-metal seal clamp ... more
Siemens Canada Ltd. president says oil capital moving in right direction
Digitizing age-old practices is a growth business
Enbridge Inc.'s West Coast pipeline construction application is a first step toward diversifying markets for Canadian oil sands
BPZ Resources, Inc.
(NYSE:BPZ) announced today the addition of Richard J. Spies as Chief
Operating Officer and Cesar Ortega as Vice President of Operations.
Also, Frederic J.L. Briens has assumed the role of Chief of Strategy and
Technology.
Mr. Spies brings 34 years of oil and gas experience beginning in 1975 with
Amoco. From 1975 to 1990 ... more
Eagle Rock Energy Partners, L.P.
(the "Partnership" or "Eagle Rock") (Nasdaq:EROC) announced today that it
has completed the previously-announced acquisition of its general partner
entities (the "GP Acquisition") from Eagle Rock Holdings, L.P. ("ERH"). As
consideration for the GP Acquisition, Eagle Rock issued 1,000,000 common
units to ERH and cancelled ... more
SM Energy Company (NYSE: SM), formerly named St. Mary Land & Exploration Company, today announces an update of its operational activities and its production outlook and performance guidance for the remainder of 2010.
MANAGEMENT COMMENTARY
Tony Best, President and CEO, commented, "The operational update we are providing today underscores the significant ... more
Wapiti Oil & Gas, LLC is pleased to announce the purchase of $130 million in oil and gas exploration and development assets from Delta Petroleum Corporation (Nasdaq: DPTR). The deal closed July 30.
“This acquisition positions Wapiti for significant future growth”
Wapiti’s purchase includes properties in the Rocky ... more
Atlas Pipeline Partners, L.P. (NYSE:APL) (“APL” or the “Partnership”) today reported recurring adjusted earnings before interest, income taxes, depreciation and amortization (“Recurring Adjusted EBITDA”), a non-GAAP measure, of $47.1 million in the second quarter 2010, compared to $39.0 million in the second quarter of 2009. Net income ... more
Rolls-Royce, the global power systems company, announced today that its Naval Undersea Systems division in North America has received an order from the National Oceanic and Atmospheric Administration (NOAA) Office of Marine and Aircraft Operations to upgrade their Moving Vessel Profiler (MVP(TM)) onboard the NOAA ship Thomas Jefferson.
“Rolls-Royce ... more
Today, Ultramar
announced that the Board of Directors of Valero Energy Corporation (parent
company of Ultramar Ltd.) has given its approval for work to proceed on the
Pipeline Saint-Laurent Project, linking its refinery at Lévis to its
Montreal East facilities, in accordance with the budgets and timelines
submitted.
"Since we obtained ... more
Toreador Resources Corporation (NASDAQ:TRGL) will release its 2010 second quarter earnings on Monday, August 9, 2010 before the market opens. The Company has also scheduled a conference call the same day at 11:00 a.m. Eastern, to discuss financial results and current operations. The conference leader will be Craig M. McKenzie, President and Chief Executive Officer.
Approximately ... more
NuStar Energy L.P. (NYSE: NS) today announced record second quarter net income applicable to limited partners of $89.1 million, or $1.43 per unit, compared to $75.1 million, or $1.38 per unit, earned in the second quarter of 2009. Earnings before interest, taxes, depreciation and amortization (EBITDA) were $157.1 million for the second quarter of 2010, also a record for the second ... more
NuStar Energy L.P. (NYSE: NS) today announced that it has entered into a joint venture with Turkish companies S-Oil and Aves that will give NuStar majority ownership and operational control of two petroleum terminals and an offshore loading facility in Turkey. NuStar will acquire a 75 percent ownership stake in the joint venture for a price between $50 million and $60 million. ... more
McDermott International, Inc. (NYSE: MDR) (“McDermott”) announced today that it has completed the spin-off of its power generation systems and government operations segments through the distribution of the shares of The Babcock & Wilcox Company (“B&W”) to holders of McDermott common stock.
“Focused on full-service EPCI ... more
Western Gas Partners, LP (NYSE:WES) today announced that it has agreed to acquire the Wattenberg gathering system and related assets located in the DJ Basin of northeastern Colorado from Anadarko Petroleum Corporation (NYSE:APC) for total consideration of $498 million.
“Consistent with the swap arrangements put in place with previous transactions, ... more
Zeta Petroleum is pleased to announce that the Company entered into a funding arrangement and strategic alliance with Cooper Energy on 30 July 2010 for oil and gas projects in Romania.
“Zeta Petroleum is pleased to partner with Cooper Energy on the Bobocu Gas Field and new ventures in Romania. This strategic alliance enables us to fund the appraisal ... more
August 2,2010 -- Brazil's 1,087-MW Estreito hydro plant will begin test operations in December, a spokesperson for the consortium building the hydropower project told wire services. ....
August 2,2010 -- Duke Energy’s Jocassee Pumped-Storage Hydroelectric Station will receive two new turbines for units 1 and 2 this fall, upgrading the station and increasing capacity by 50 megawatts. ....
Monday, Aug 02, 2010
Acergy announced today that it has been awarded a new four year contract for the Acergy Condor by Petrobras in Brazil, commencing in September 2010.
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Monday, Aug 02, 2010
“The field is strategically important for further development and operation of activities in the Norwegian Sea,” says Ivar Aasheim, head of the Operations North cluster in Statoil. “Utilising existing infrastructure and installations was imperative for developing the field.”
Energy Holdings International, Inc. (EHII) (OTC:EGYH) and Wasatah Capital of Riyadh, Saudi Arabia reached an agreement to form a Special Purpose Corporation (SPC) with an initial capital of US $50 million that will provide acquisition funding for Oil and ... more
Heerema Marine Contractors (HMC) today announced the signing of a letter of intent with Daewoo Shipbuilding and Marine Engineering Co., Ltd., Korea (DSME), for the building of a new Deep Water Construction Vessel. The New-build will be an investment of US$ 600-700 million.
For this investment HMC selected to ... more
“The field is strategically important for further development and operation of activities in the Norwegian Sea,” says Ivar Aasheim, head of the Operations North cluster in Statoil. “Utilising existing infrastructure and installations was imperative for developing the field.”
Located 20 kilometres west of the Åsgard B platform on the Halten ... more
Dominion Hope, a subsidiary of Dominion (NYSE:D) , has proposed a 3 percent reduction in its residential rates, effective Nov. 1. The rates would reduce the average monthly bill of the residential customer who uses 73 thousand cubic feet (mcf) per year about $2, from about $53 to ... more
Mullen Group Ltd. ("Mullen") is pleased to announce the appointment of Mr. P. Stephen Clark to the position of Chief Financial Officer effective August 1, 2010. Mr. Clark succeeds Mr. David E. Olson who previously announced his plan to retire from Mullen after 26 years of dedicated service.
Mr. Clark has more than thirteen years progressive experience with the Mullen ... more
Cellect Plastics LLC, a client of Novak Druce + Quigg LLP attorney William Ramey III, is pleased to announce that West Bay Energy, LLC (WBE) and Cellect Plastics, LLC have entered into an exclusive representation agreement wherein WBE will bring Cellect Plastics' advanced Opflex oil-spill cleanup products (www.opflex.com) to the People's Republic of China for use at Dalian - ... more
Speaker Nancy Pelosi spoke on the House floor this afternoon in support of two pieces of legislation in response to the disastrous BP oil spill in the Gulf of Mexico. The two bills on the floor are the: Consolidated Land, Energy, and Aquatic Resources Act (CLEAR Act) http://www.speaker.gov/newsroom/legislation?id=0399 ... more
A Statement from Attorneys Stuart Smith and Mike Stag, and Toxicologist Dr. William Sawyer:
"Most southeast Louisiana residents know by now that BP is using chemical dispersants in the Gulf to help make the oil go away. Unfortunately, dispersants do not 'make the oil go away' - quite the reverse, dispersants merely conceal a portion of the oil underwater.
"Dispersants ... more
Equal Energy ("Equal" or "the Company") today announced a modification of its 2010 capital expenditure program in order to accelerate development in the Company's Alberta Cardium and Oklahoma Circus Viola oil plays and to defer some of its planned 2010 drilling in the Hunton liquids-rich resource play. Equal has also spud the first of two Pekisko horizontal oil wells in southern ... more
Storm Exploration Inc. ("Storm") announces that the name of 1541229 Alberta Ltd, will be changed to "Storm Resources Ltd." prior to the closing of Storm's previously announced arrangement (the "Arrangement') with Storm Exploration Inc, 1541229 Alberta Ltd, ARC Energy Trust and ARC Resources Ltd. 1541229 Alberta Ltd. is also referred to as "ExploreCo" in the Information Circular ... more
Brownstone Ventures Inc. (TSX VENTURE:BWN) ("Brownstone") is pleased to provide the following update of drilling operations at the Canaguay # 1 well on the Canaguaro Block in the Llanos Basin of Colombia.
Brownstone has been advised by the operator of the Canaguay #1 well, Quetzal Energy Ltd. (TSX VENTURE:QEI) ("Quetzal"), that intermediate 9 5/8 inch casing ... more
TAG Oil Ltd., (TSX-V,
trading symbol: "TAO") a Canadian-based production and exploration company
with operations in New Zealand, reported financial results and operating
highlights today. TAG reports that it has filed these results along with its
Annual Information Form with the Canadian Securities Administrators as well
as NI 51-101-compliant reserves ... more
BreitBurn Energy Partners L.P. (NASDAQ:BBEP) announced today a cash distribution of $0.3825 per unit for the second quarter 2010, or $1.53 per unit on an annualized basis, for all of its outstanding units. This distribution represents an increase from the first quarter distribution of $0.3750 per unit, or $1.50 per unit on an annualized basis. The distribution will be payable ... more
Encore Energy Partners LP (NYSE: ENP) (the “Partnership” or “ENP”) announced today that the board of directors of its general partner has declared a cash distribution of $0.50 per unit which will be paid on or about August 13, 2010 to the Partnership’s unitholders of record at the close of business on August 9, 2010.
Source: ... more
Tristream Energy, LLC acquired the East Texas gathering and processing assets of a subsidiary of Dallas-based Regency Energy ... more
Cellect Plastics LLC, a client of Novak Druce + Quigg LLP attorney William Ramey III, is pleased to announce that it has signed a 5-year $30 million contract for the supply of OpflexTM The Green Stuff(TM) to Clearwater Technologies Inc. OpflexTM is a modified polymer foam sponge that is hydrophobic, repelling and floating on water, but rapidly attracts and ... more
aThe head of the U.S. Government's response effort to mitigate the Transocean/BP ... more
During the Annual Stockholders’ Meeting of CAMAC Energy Inc., held on July 29, 2010, Frank C. Ingriselli, President & CEO of CAMAC Energy Inc., further explained to the stockholders present his decision to retire from the Company which was announced at the meeting. During the meeting, Mr. Ingriselli stated the following:
“When I founded Pacific Asia Petroleum ... more
Chevron Corporation (NYSE:CVX) today reported earnings of $5.41 billion ($2.70 per share – diluted) for the second quarter 2010, compared with $1.75 billion ($0.87 per share – diluted) in the 2009 second quarter. Foreign currency effects increased earnings in the 2010 quarter by $241 million, compared with a reduction of $453 million a year earlier.
“During ... more
Biloxi Marsh Lands Corporation (PINK SHEETS: BLMC) today announces its unaudited results for the second quarter and first six months of 2010 and provides update. Total revenue for the second quarter of 2010 was $414,029 compared to total revenue of $263,537 for the same period of 2009. For the first six months of 2010 revenue was $859,715 compared to $1,258,659 for the same period ... more
Cellect Plastics LLC, a client of Novak Druce + Quigg LLP attorney William Ramey III, is pleased to announce that West Bay Energy, LLC (WBE) and Cellect Plastics, LLC have entered into an exclusive representation agreement wherein WBE will bring Cellect Plastics' advanced Opflex oil-spill cleanup products (more
Concho Resources Inc. (NYSE: CXO) (“Concho” or the “Company”) today announced that Marbob Energy Corporation and certain of its affiliated companies (collectively, “Marbob”) have informed Concho of the receipt by Marbob of a notice from BP America Production Company (“BP”) electing to exercise its preferential purchase right under ... more
A weekly roundup of news and notes from here and there
Alamo Energy Corp.
(OTCBB:ALME), an independent company focused on the exploration, development
and production of onshore oil and gas reserves in the UK and U.S., is
pleased to provide a Corporate Update with all 7 new wells from the drilling
campaigns in Texas, Kentucky and West Virginia encountering hydrocarbons.
West Virginia -- Florence Valentine, ... more
Crown Point Ventures Ltd. (TSX VENTURE:CWV) ("Crown Point", "We" or "the Company") during the third quarter 2010 continued its evolution as an Argentina based oil and gas producer, developer and explorer. Highlights of the third quarter (ended May 31 2010) were: -- Sustained oil production at El Valle, in the Golfo San Jorge Basin; -- ... more
The L33-1 exploration well free flowed 35 degree API oil at an average rate of approximately 1,100 barrels of oil per day gross (660 BOPD net POE) with a water cut of 7.72% (with 80,000 ppm chlorides indicating load and drilling fluids) in the last 36 hours of a 108 hour test. The well was shut-in at the end of the 108 hour period to leave sufficient storage capacity for the ... more
Petrominerales Ltd. ("Petrominerales" or the "Company") (TSX:PMG), a 66% owned subsidiary of Petrobank Energy and Resources Ltd. (TSX:PBG), is pleased to announce that Amarillo-1 will be cased as a potential oil well.
Amarillo-1 is the first well to be drilled on our 10-well Corcel Northeast exploration drilling program. The well began drilling operations on June 10, ... more
Mandalay Resources
Corporation (TSX: MND) ("Mandalay" or the "Company") is pleased to announce
that it has filed a final short form prospectus with the securities
regulatory authorities in each of the provinces of Canada, except Québec, in
connection with a fully marketed offering (the
"Offering") to issue 82,142,857 subscription receipts (the ... more
Net income (U.S. GAAP) 517 209 147 993 498 99 Net income per common share
- assuming dilution (dollars) 0.60 0.25 140 1.16 0.58 100 Capital and
exploration expenditures 881 535 65 1,781 1,029 73 >>
Bruce March, chairman, president and chief executive officer of Imperial
Oil, commented:
"Imperial Oil delivered solid results with earnings ... more
ADIRA ENERGY LTD. (OTCBB: ADENF; FRANKFURT:
AORLB8). Adira Energy Ltd. ("Adira Energy" or the "Company") is pleased to
announce that Mr. Glen Perry has been appointed to the board of directors of
the Company by its existing directors, effective July 22, 2010, to hold
office until the next annual meeting of the shareholders. Also effective
July, 2010, ... more
Friday, Jul 30, 2010
TNK-BP’s subsidiary Orenburgneft invested 107.5 mln rubles in geological exploration in the Saratov Region during the first half of 2010.
TNK-BP’s subsidiary Orenburgneft invested 107.5 mln rubles in geological exploration in the Saratov Region during the first half of 2010.
Orenburgneft holds development licences for two blocks in the Perelyubskiy District of the Saratov Region. Exploratory drilling is now underway in the Kulikovskiy block, while seismic ... more
GE will supply fuel-flexible gas turbine technology for the Kenitra Power Plant, which will help the Office National de l’Electricité (ONE) of Morocco meet an increasing demand for electricity to support the country’s strong economic and industrial growth.
GE and its consortium partner, Cegelec SAS of France, have received a contract totaling more than ... more
Seadrill has been awarded a six months contract extention for the ultra-deepwater semi-submersible drilling rig West Hercules by Husky Oil China Ltd. The estimated value of the contract extention is approximately US$90 million. The extention secures continued employment for the ultra-deepwater unit offshore China until May 2012. Husky Oil China Ltd. has the right to extend ... more
On Monday, July 26, 2010, a 30-inch oil pipeline in Marshall sprung a leak and released oil into the Talmadge Creek, which feeds into the Kalamazoo River. According to published reports, pipeline owner Houston-based Enbridge Energy Partners said the pipeline was shut down and isolation valves closed off almost immediately after its discovery, but not before more than 800,000 ... more
Magellan Midstream Partners, L.P. (NYSE:MMP) announced today that it has launched an open season to assess firm customer interest to transport crude oil from West Texas to the partnership's East Houston terminal. Interested customers must submit binding commitments by Sept. 15, ... more
In the midst of the devastating Gulf oil spill, the U.S. Multidistrict Litigation (MDL) Panel will soon make the pivotal decision on where all 200+ federal lawsuits against BP will be consolidated for these historic pretrial proceedings. David A. Logan, dean of the Roger Williams University School of Law, is an expert in complex civil litigation and offers:
... more
Betty T. Yee, Chairwoman of the Board of Equalization (BOE), today released California gasoline and diesel fuel consumption figures for April 2010. The figures released today show that California gasoline consumption slightly increased 0.6 percent on a year over year basis; while diesel fuel consumption in California declined 7.1 percent in April 2010. The decline in diesel consumption ... more
The X PRIZE Foundation (www.xprize.org), best known for launching the private spaceflight industry through the $10 million Ansari X PRIZE, and ... more
Gale Force
Petroleum Inc. (TSX Venture: GFP, the "Corporation") today announced that it
has engaged Alternative Investment Partners, a division of Kingsmont
Investment Management Inc., to broker a best-efforts private placement
financing to finance acquisitions and the development of its properties.
The Corporation expects to raise between ... more
MicroSeismic, Inc. (MSI) today announced revenue growth at a compound annual rate of 65% over its seven year history. For the first half of 2010, revenues soared nearly six times over 2009’s first half results. Record EBITDA (Earnings Before Interest Depreciation and Amortization) at 25% of revenue was also achieved for the same time period.
“We ... more
CAMAC Energy Inc. (NYSE Amex: CAK), a U.S.-based energy company engaged in the exploration, development, production and distribution ... more
Sky Petroleum, Inc. (OTCBB: SKPI), an oil and gas company, announces that it is finalizing the engagement of a firm to conduct a geophysical review of the seismic and log data for the three exploration blocks, Four, Five and Dumre. Additionally the firm will assist in determining financial strategies to best create shareholder value. The National Agency of Natural Resources of ... more
As workers in the Gulf of Mexico attempt to kill the damaged well that has been spilling oil into the Gulf since late April, officials at U.S. poison centers said they are paying close attention to the safety of seafood and stand ready to answer questions about seafood safety and all other medical concerns related to the disaster.
“During a crisis ... more
How shippers monitor kilometers of infrastructure for stress corrosion cracking
There's never been a better time to denounce big business
American Petro-Hunter, Inc.(OTCBB: AAPH) ("American Petro-Hunter" or the "Company") today wishes to provide further details of the Company's North Oklahoma Project, and discuss the ongoing development plan for the 7 leases totaling over 1,000 acres located in Payne County, near Stillwater, Oklahoma.
Shale oil plays have become the source of considerable ... more
Maire Tecnimont S.p.A. announces that its main operating company Tecnimont S.P.A. has been awarded a contract to develop an acid-gas removal plant (AGRP) for Kuwait National Petroleum Company (KNPC), the State Refiner controlled by the Kuwait Petroleum Company (KPC). The project will be executed on a Lump-Sum Turnkey contract basis for approximately USD400 million. The completion ... more
July 29,2010 -- ABB announced it has completed a comprehensive project to provide power equipment for the AmerenUE Taum Sauk pumped-storage hydro plant in Missouri. ABB made the announcement at HydroVision International in Charlotte, N.C. ....
Thursday, Jul 29, 2010
Oteac Integrated Safety Services have recently consolidated their distribution agency with Scott Health and Safety on both the product and service support functions.
Trican Well Service Ltd. (TSX:TCW) ("Trican" or "the Company") is pleased to announce that its U.S. subsidiary, Trican Well Service, L.P. ("the US Operations"), has entered into a two-year minimum commitment contract for the provision of fracturing services to a major U.S. customer operating in the Marcellus Shale play. This work commitment is supportive of our recently announced ... more
Fairborne Energy Ltd. ("Fairborne" or the "Company") (TSX:FEL) is pleased to announce that it has entered into an agreement to purchase a significant land position with producing assets and facilities (the "Assets") in the Company's core Marlboro/Pine Creek area. The acquisition will have an effective date of July 1, 2010 and is expected to close on or about September 9, 2010 for ... more
A correction is being issued for the press release sent at 8:00AM ET July 28, 2010 due to an error in the third bullet of the highlights. The "P+P reserves to $93.5" was incorrectly listed as "P+P reserves to $993.5". The complete and correct release follows.
Exall Energy Corporation ("Exall") (TSX:EE) is pleased to announce the results of a midyear reserves update as ... more
Acergy S.A. awarded $1.3 billion contract for deepwater
29-07-2010
Sub-Atlantic AP Secures ROV contract with Coretech Resources Pte Ltd
28-07-2010
Global industries awarded US$40 million pipeline project in Pemex’s bay of Campeche
28-07-2010
Petroléo Brasileiro Secures Subsea US$50 Million, Offshore Brazil
26-07-2010
Nexans wins a 104 million Euro contract for Statnett’s Oslofjord II submarine power cable project
23-07-2010
J P Kenny & MCS [...]
A consortium, including LUKOIL Overseas (a 100% subsidiary of OAO LUKOIL) and Vanco International of USA, has won a tender for exploration and development of two blocks, Est Rapsodia and Trident, in the Romanian sector of the Black Sea. The respective stakes of LUKOIL Overseas and Vanco in the consortium are 80% and 20%.
The Est Rapsodia and Trident blocks are located ... more
Petrofac, the international oil & gas facilities service provider, announces that it has been awarded a KD116.39 million (approximately US$ 400 million) contract by Kuwait Oil Company (KOC).
The project, with an anticipated duration of 23.5 months, is for engineering, procurement and construction services for the installation of fuel gas and gas oil pipelines. The ... more
Thursday, Jul 29, 2010
At 07.00 BST (08.00 CEST and 02.00 EDT) on Thursday 29 July, 2010 Royal Dutch Shell plc released its second quarter and half year 2010 results and second quarter interim dividend announcement for 2010.
Royal Dutch Shell Chief Executive Officer Peter Voser commented:
Oteac Integrated Safety Services have recently consolidated their distribution agency with Scott Health and Safety on both the product and service support functions.
Oteac now boasts a fully qualified team to undertake inspection, maintenance and testing of the complete Scott range of Full Duration, Escape and Airline equipment using ... more
CB&I has been awarded a contract valued in excess of US$190 million, for two LNG storage tanks associated with a major liquefaction project in the Asia Pacific region.
CB&I's scope of work includes the engineering, procurement, fabrication and construction of two 160,000 cubic meter LNG storage tanks.
This project, which was awarded in the 3rd quarter, ... more
At 07.00 BST (08.00 CEST and 02.00 EDT) on Thursday 29 July, 2010 Royal Dutch Shell plc released its second quarter and half year 2010 results and second quarter interim dividend announcement for 2010.
Royal Dutch Shell Chief Executive Officer Peter Voser commented:
“We are delivering on our strategy. Shell’s ... more
While signs of economic stability surfaced at the close of Q1, the oil spill in the Gulf of Mexico, followed by less-than-positive consumer and business confidence reports, have created considerable uncertainty for the oil and gas industry.
"The energy industry is facing significant unknowns right now," said Marcela Donadio, Americas Oil and Gas Leader for Ernst ... more
Marathon Oil Company, a wholly owned subsidiary of Marathon Oil Corporation (NYSE:MRO) , announced today that Michael W. Tweedy will join the Company as its chief procurement officer, effective August 23, 2010. In this role, he will be responsible for the management of all aspects ... more
More than 150 community leaders, business executives, and government officials today joined GDF SUEZ in Bathurst, New Brunswick, to mark the grand opening of the Caribou Wind Park, the largest wind farm in the province.
The Caribou Wind Park is home to 33 turbines capable of producing 99 MW of electricity--enough to power more than 19,000 households each day. The ... more
"Heavy Crude Oil: A Global Analysis and Outlook to 2030," will be published in the fall of 2010. This comprehensive research report on heavy oil production, conducted by refining and fuels experts at Hart Energy Consulting, provides in-depth regional data and analysis of the quantities and characteristics of heavy crudes entering the market over the next 20 years.
Covering ... more
AGL Resources Inc. (NYSE:AGL) and El Paso Corporation (NYSE:EP) today announced the signing of a joint-venture agreement to distribute liquefied natural gas (LNG) across the southeastern ... more
Noble Corporation (NYSE:NE) today announced that it has closed its acquisition of FDR Holdings Limited ("Frontier"). The acquisition of Frontier, formerly an independent drilling company, and previously announced agreements with Shell increase Noble's drilling fleet size to 69 from ... more
Exall Energy Corporation ("Exall") (TSX:EE) is pleased to announce the results of a midyear reserves update as at June 30, 2010. Exall's filings can all be found at www.exall.com or www.sedar.com.
Exall received the results of an independent engineering evaluation ... more
Canacol Energy Ltd. ("Canacol" or the "Corporation") (TSX VENTURE:CNE) (BVC:CNE.C) is pleased to provide an update of its development drilling program at its operated Rancho Hermoso Field located in the Llanos Basin of Colombia, which is operated under a contract with Ecopetrol, the state oil company of Colombia. The Corporation has completed the drilling of the Rancho Hermoso ... more
Aztec Oil & Gas, Inc.
(PinkSheets:AZGS) announced today that it closed, on May 31, its most recent
partnership under its Aztec X Oil & Gas Drilling Program. The partnership,
"Aztec XB Oil & Gas LP", closed with approximately $3,868,500 of funding and
is focused on shallow oil drilling in Texas.
Aztec's wholly-owned subsidiary, Aztec Energy, ... more
Omnitek Engineering
Corporation (OTCQB:OMTK) today announced it has sold more than 20,000
high-pressure natural gas filters since the component's introduction,
bolstered by receiving international certification from an independent
agency in January based on tests and standards sanctioned by the United
Nationals Economic Commission for Europe, specifically ... more
Lucas Energy, Inc. (NYSE
Amex:LEI) an independent oil and gas company (the "Company") based in
Houston, Texas, today announced that the Company has completed Stoeltje
No.2 well on June 19, 2010. The well is a re-entry of an Austin Chalk well
in Wilson County, Texas. The well tested 23 BOPD and 28 BWPD, pumping. The
Austin Chalk formation is just above ... more
Abanaki Corporation reported that its patent-pending Fuzzy2(TM) material being used on a disk oil skimmer in the Gulf picked up ... more
TriOil Resources Ltd. ("TriOil" or the "Company"
- TSXV: TOL) is pleased to announce that it has closed its previously
announced offering (the "Offering") of 3,125,000 flow-through common shares
of TriOil (the "Flow-Through Shares") at a price of $4.80 per Flow-Through
Share, for aggregate gross proceeds of $15,000,000 through a syndicate of
underwriters ... more
Samson Oil & Gas Limited (ASX: SSN) (NYSE AMEX: SSN) advises that it has filed its June 2010 quarterly report and this report is now available on the Company’s website:
more
Second Quarter 2010 Drilling Activity
During the second quarter ended June 30, 2010, the company drilled 20 gross (17.9 net) wells. Of the wells drilled, 10 gross (10 net) were completed successfully and 10 gross (7.9 net) were drilling, awaiting completion or a part of the company’s Osage science project at the end of the quarter. In addition, 10 gross ... more
Chesapeake Midstream Partners, L.P. (NYSE: CHKM), a Delaware master limited partnership, announced today it has priced its initial public offering of 21,250,000common units representing limited partner interests at $21.00 per common unit. The underwriters have been granted a 30-day over-allotment option to purchase up to an aggregate of 3,187,500 additional common units. The ... more
The Briscoe Law Firm, PLLC, founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the law firm of Cash Powers Taylor, LLP are investigating potential legal claims against the Board of Directors of American Oil & Gas, Inc. (“AEZ” or “Company”) (AMEX:AEZ) related to the proposed acquisition ... more
Frontier Oil Corporation (NYSE:FTO) experienced a fire this morning at approximately 5:40 a.m. MDT in the crude unit at its Cheyenne Refinery. The fire was extinguished within approximately one hour by refinery and city fire personnel. There were no injuries. The cause of the fire and extent of the damage is currently being assessed with preliminary estimates indicating the crude ... more
ATP Oil & Gas Corporation’s (NASDAQ:ATPG) Chairman and CEO T. Paul Bulmahn will speak at the Offshore Energy Center Executive Speaker Series Luncheon on Thursday, July 29, 2010 at 11:30 a.m. CDT at the Petroleum Club in Houston, Texas. The title of his address will be “Rise to the Challenge”. The Offshore Energy Center is dedicated to expand the awareness ... more
Notwithstanding sales to U.S., the EU isn't a large-scale energy exporter
A compendium of news and notes from here and there
Lamprell has been awarded US$317 million new contract from National Drilling Company, Abu Dhabi.
The contract with National Drilling Company is for the construction and delivery of two jackup rigs valued at US$158.5 million each additionally optional equipment orders valued at US$12.6 million per rig. The rigs will be completely outfitted and equipped, LeTourneau designed, ... more
French Government has formally granted its wholly-owned subsidiary Gazonor S.A. (Gazonor) a new exploration permit 'Sud Midi' (located in the Nord Pas de Calais region).
The 'Sud Midi' permit increases EGL's portfolio and secures its position among the largest CBM and unconventional gas permit holders in Western Europe. EGL has a 100% working interest.
EGL's CEO, ... more
The agreement reinforces the cooperation between Eni, the Ministry of Petroleum and the two Egyptian state oil and gas companies EGPC and EGAS.
San Donato Milanese (MI), 27 July 2010 - Egypt's Minister of Petroleum, Amin Sameh Samir Fahmy, and Eni CEO, Paolo Scaroni, today signed a Strategic Framework Agreement for the development of joint initiatives in the ... more
MEG Energy Corp. (MEG) has filed a base PREP
prospectus with the securities regulatory authorities in each of the
provinces and territories of Canada in connection with a proposed initial
public offering of its common shares.
The underwriting syndicate is led by Credit Suisse Securities (Canada),
Inc., BMO Nesbitt Burns Inc., Barclays Capital Canada ... more
Wednesday, Jul 28, 2010
Tullow Oil plc (“Tullow”) announces that on 26 July 2010, Tullow Uganda Limited (“Tullow Uganda”), a subsidiary of Tullow, has completed the US$1.35 billion acquisition of a 50% interest in Blocks 1 and 3A in Uganda from Heritage Oil & Gas Limited (“HOGL”) with an additional contractual settlement amount of US$100 million.
Galleon Energy Inc. (TSX:GO) ("Galleon" or the "Corporation") announces that the special committee of the Board of Directors has completed its strategic review process. During the strategic review process, the Board of Directors and management engaged in an exhaustive examination of the Corporation's assets and opportunities to identify strengths, weaknesses and opportunities, and ... more
INEOS Oxide confirms plans to build and operate a new one million tonne, deep-sea Ethylene Terminal, to be constructed at its Zwijndrecht Facility
28-07-2010
Siemens awarded US$40 Million Contract for Gasco plant in Abu Dhabi
21-07-2010
Foster Wheeler Awarded EPCm Contract for New Cogeneration Plant by Dow in Germany
07-07-2010
Cape wins Abu Dhabi contract
06-07-2010
Borouge signs major contracts valued at [...]
Global Industries has been awarded a project from Petroleos Mexicanos (Pemex), for pipeline work in Pemex’s Ku-Maloob-Zapp field in the Bay of Campeche.
The Project is approximately US$40 million and is scheduled to begin in August 2010 and is to be completed by March 2011. This project will be linked to the recently awarded L59 project, bringing the total of the ... more
Eurogas International Inc. (CNSX:EI) ("Eurogas International" or the "Company") today announced its financial results for the six months ended June 30, 2010. Eurogas International has filed its financial statements and related management's discussion and analysis for the period ended June 30, 2010 with the Canadian securities regulatory authorities on the System for Electronic ... more
New Sage Energy Corp. (TSX VENTURE:NSG) ("New Sage" or the "Corporation") announces that it has completed the first closing of its previously announced private placement involving the issuance of 2,100,000 units at a price of $0.05 per unit for gross proceeds of $105,000 (the "Private Placement").
Each unit (the "Unit") consisted of one common share in the capital ... more
Omnitek Engineering
Corporation (OTCQB:OMTK) today announced its Form 10 has been declared
effective by the Securities and Exchange Commission and it has become a
public reporting company under the Securities Exchange Act of 1934, trading
on the OTCQB marketplace.
The company is now required to prepare and file annual and quarterly
reports, ... more
Tullow Oil plc (“Tullow”) announces that on 26 July 2010, Tullow Uganda Limited (“Tullow Uganda”), a subsidiary of Tullow, has completed the US$1.35 billion acquisition of a 50% interest in Blocks 1 and 3A in Uganda from Heritage Oil & Gas Limited (“HOGL”) with an additional contractual settlement amount of US$100 million.
Following ... more
Magellan Midstream Partners, L.P. (NYSE:MMP) announced today that it has negotiated a long-term customer contract to transport refined petroleum products on its Houston-to-El Paso pipeline, formerly known as the Longhorn pipeline. Through a volume incentive tariff, the third-party ... more
ONEOK Partners, L.P. (NYSE:OKS) today announced plans to install seven additional pump stations for approximately $36 million along its existing Sterling I natural gas liquids (NGL) distribution pipeline, increasing its capacity by 15,000 barrels per day, which will be supplied ... more
Laredo Oil, Inc. ("Laredo Oil") (OTC:LRDC) (BULLETIN BOARD: LRDC) , announced today that it entered into an agreement on July 26, 2010 with an institutional investor for the private placement of 1,000,000 shares of its common stock and warrants to purchase ... more
Exile Resources Inc.
(TSX-V: ERI) ("Exile" or the "Company"), today announced a joint venture
agreement with Aladdin Middle East Ltd. ("Aladdin"), an independent oil and
gas exploration and production company with operations located in Turkey.
Under the terms of the joint venture agreement, Exile will farm-in to five
blocks all operated by Aladdin, referred ... more
Spartan Exploration Ltd. ("Spartan" or the "Company") (TSX:SPE), is pleased to provide this update of its recent activities.
At Cynthia, in northwest Pembina, Spartan has completed its battery and facilities upgrades and has commenced regular production from three horizontal Cardium wells (100% WI) that were drilled by the Company in the second quarter of this year. ... more
XTO Energy Inc. (“XTO”), a wholly-owned subsidiary of Exxon Mobil Corporation (“ExxonMobil”) (NYSE: XOM), announced today that the previously announced cash tender offers (each, an “Offer”) for any and all of its outstanding debt securities in the series specified in the table below (the “Securities”) expired at 5:00 p.m., New York ... more
Regency Energy Partners LP (Nasdaq:RGNC), (“Regency” or the “Partnership”), announced today a cash distribution of 44.5 cents per outstanding common unit for the second quarter ended June 30, 2010. The distribution will be paid on August 13, 2010, to unitholders of record at the close of business on August 6, 2010. This distribution is equivalent to $1.78 ... more
Africa Oil Corp. ("Africa Oil" or "the Company") (TSX VENTURE:AOI) provides the following update on the CNOOC-operated Bogal-1 well on Block 9, Kenya. Preliminary testing on two potential gas pay zones has been completed, with only minimal flow of gas from each zone. Analysis of the test results indicates that neither test was in communication with the extensive fracture network ... more
FieldPoint Petroleum Corporation (NYSE Amex: FPP) today provided an update
of its 2010 operations. As previously announced, FieldPoint and Cimarex
Energy Co. (NYSE: XEC) are partnering to drill two wells that will target
the Bone Spring formation in section 15 of the East Lusk Federal field in
Lea County, New Mexico. Drilling of the first of these wells is ... more
National Clean Fuels (Pink Sheets: NACF) announced today that Frank R. Hall, Ph.D. has been retained by the Company to contribute his vast experience in Oceanography to NACF’s BP Gulf oil spill cleanup efforts. He earned a B.S. degree in Geology from Kean University of New Jersey, an M.S. in Geology from Lehigh University, holds a Ph.D. in Oceanography from the University ... more
WellPoint Systems Inc. (TSX-V:WPS) announces the Mobile Intelligent Dashboard for the iPhone/iPad as the first truly mobile ... more
The Deepwater Horizon oil spill may now be capped, but much of its impact on commercial insurers has yet to be felt, according to legal, environmental and insurance experts participating in an Advisen webinar on Friday, July 23. In addition to companies involved in the drilling project itself, all of which already have been sued, salvage firms, cleanup contractors and others ... more
Senator Majority Leader Harry Reid’s proposed Energy Bill will help move the country off its addiction to oil by accelerating the introduction and use of natural gas vehicles, according to the president of NGVAmerica.
“Study after study shows that this country has tremendous natural gas resources. Using natural gas as a transportation fuel increases ... more
CB&I (NYSE: CBI) today reported net income of $47.3 million, or $0.47 per diluted share, for the second quarter of 2010. Revenue for the quarter was $916 million, up from $869 million in the first quarter of 2010.
“Based on the quality of our backlog and our continuing confidence in the global markets we serve, we are raising our 2010 full year ... more
Hess Corporation (NYSE: HES) and American Oil & Gas Inc. (NYSE-AMEX: AEZ) jointly announced today that Hess has agreed to acquire American Oil & Gas pursuant to a merger agreement approved by the Boards of Directors of both companies in an all-stock transaction. The acquisition will increase Hess’ strategic acreage position in the Bakken oil play in North Dakota ... more
Delta Petroleum Corporation (Delta) (NASDAQ:DPTR) , an independent oil and gas exploration and development company, announced today that it has entered into a Purchase and Sale Agreement (PSA) with Wapiti Oil & Gas, L.L.C. (Wapiti) to sell various non-core assets for $130 ... more
Tuesday, Jul 27, 2010
Samson Oil & Gas Limited (ASX: SSN) (NYSE AMEX: SSN) advises that the closing of its June 24th agreement to sell 24,166 acres in Goshen County, Wyoming, for a cash purchase price of between $61 million and $79 million has been delayed by the effects of the extraordinary increase in leasing activity [...]
Are you looking for a manufacturer to supply Communication Cable Protection in Saudi Arabia? Scapa Cable Solutions are a leading supplier of Communication Cable Protection in Saudi Arabia and through out Middle East.
With broadband companies competing to offer increased levels of service to online businesses and home users, fibre optic cables are becoming an increasingly popular solution, providing [...]
Are you looking for all the latest Brent Field Project and Contract Awards?
Projects OGP is Published monthly focus’s on recently awarded projects contracts and awards in the global Oil, Gas and Petrochemical upstream and downstream sectors.
Subscribers to Projects OGP will benefit from receiving the latest industry news, all of which relates to recently awarded projects [...]
The world’s leading specialist designer of drilling facilities, RDS, has been awarded the contract for Chirag oil project (COP) “Execute” phase by the Azerbaijin International operating Company (AIOC), operated by BP.
RDS will continue services and perform the COP “EXECUTE” phase including detail design, follow on engineering and construction ... more
Tuesday, Jul 27, 2010
Fluor Corporation (NYSE: FLR) today announced financial results for its second quarter ended June 30, 2010. Net earnings attributable to Fluor were $157 million, or $0.87 per diluted share, compared with $169 million or $0.93 per diluted share for the same period last year. Segment profit for the quarter was $262 million, compared [...]
Are you looking for a manufacturer or distributor to supply Distribution Systems in Yemen? MCI are a leading supplier of Distribution Systems in Yemen and through out Middle East.
MCI offer a range of custom built equipment suitable for Hazardous Areas, Junction Boxes, Starters, Control Panels, Motor Control Centre’s, Distribution Boards are among the items built. Standard products [...]
Tuesday, Jul 27, 2010
PetroMarker and Concedo ASA, A Norwegian exploration Oil Company, have signed a contract for the acquisition of EM data on the Norwegian Continental Shelf.
Are you looking for a supplier of Management System Software to help manage your project in Iraq? Matrix Management Systems are specialists in providing Management System Software to manage oil and gas projects and operations in Iraq.
The MAT-Sys™ Matrix Management System is the only product of its kind on the market. It’s based on the [...]
Tuesday, Jul 27, 2010
Key Energy Services, Inc. (NYSE:KEG) reached an agreement to purchase certain subsidiaries, together with associated assets, owned by OFS Energy Services, LLC (”OFS”), a privately-held oilfield services company of ArcLight Capital Partners, LLC (”ArcLight”), for approximately 15.8 million shares of Key common stock and approximately $75.6 million cash (which is subject to [...]
Thorough knowledge of Intelligent Pigging, Chemical H2s and Co2 corrosion control-scale inhibitor. ? Thorough knowledge of corrosion monitoring, chemical injection, cathodic protection,painting and coating, materials selection and corrosion mechanisms. ? Knowledge of NDT various techniques and methods
Job Details
Location: Libya
Salary: very competative.
Working Locations: Site
Posted: 27 July 2010 at 09:00 (exp: 03/08/2010)
Key Requirements
A degree in chemical [...]
Tuesday, Jul 27, 2010
BP today announced that, by mutual agreement with the BP board, Tony Hayward is to step down as group chief executive with effect from October 1, 2010. He will be succeeded as of that date by fellow executive director Robert Dudley.
Are you looking for a provider of Air Compressors in Great Yarmouth? Coates Offshore are a leading supplier of Air Compressors in the UK and throughout Europe.
Coates Offshore air rental fleet consists of a combination of ZONE II, SAFEZONE and RIGSAFE compressors. Coates Air Compressors are built to DNV specification and designed with a compact [...]
Tuesday, Jul 27, 2010
PSN has landed a major deal for dismantling work in the Brent Field, which one of its bosses said yesterday would position Aberdeen as the global centre of excellence for offshore decommissioning.
Chapman Freeborn provides private jet charter and air charter services for corporate executives, VIP, business, and incentive travel. Aircraft charter types include Gulfsteam private jets, Learjets, Cessna private jets, and Bombardier private jet charters for VIP and executive travel, helicopters, and large Boeing and Airbus aircraft for group travel and crew rotations.
Chapman Freeborn is the [...]
OriginOil, Inc. (OOIL), the developer of a breakthrough technology to transform algae, the most promising source of more
Key Energy Services, Inc. (NYSE:KEG) reached an agreement to purchase certain subsidiaries, together with associated assets, owned by OFS Energy Services, LLC ("OFS"), a privately-held oilfield services company of ArcLight Capital Partners, LLC ("ArcLight"), for approximately 15.8 ... more
Suburban Propane Partners, L.P. (NYSE:SPH) , a nationwide distributor of propane, fuel oil and related products and services, as well as a marketer of natural gas and electricity, today announced that its Board of Supervisors declared the 26th increase (since the Partnership's ... more
BP today announced that, by mutual agreement with the BP board, Tony Hayward is to step down as group chief executive with effect from October 1, 2010. He will be succeeded as of that date by fellow executive director Robert Dudley.
BP chairman Carl-Henric Svanberg said: "The BP board is deeply saddened to lose a CEO whose success over some three years ... more
Pennsylvania Emergency Management Agency Director Robert P. French today outlined the new challenges facing his agency and emergency responders statewide as a result of sharply increased natural gas drilling activities.
"There are substantial benefits of natural gas production for our commonwealth and its citizens. However, Marcellus Shale drilling is an industry ... more
PetroMarker and Concedo ASA, A Norwegian exploration Oil Company, have signed a contract for the acquisition of EM data on the Norwegian Continental Shelf.
Concedo will use TEMP-VEL, the proprietary marine vertical EM technology of PetroMaker to attain crucial assessment data.
“Volstand Surveyor” will be utilized for this project and completed by ... more
Avro Energy, Inc.
(OTCBB:AVOE) is pleased to confirm that it used through the pipe well
logging technology on its Weigel-Willis well in South Arkansas. The well
logs were reviewed by an experienced well logging engineer who confirmed
that there are four additional zones of interest in this well that also have
good bonding behind the pipe. This is exciting ... more
Capstone Turbine
Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world's leading
clean technology manufacturer of microturbine energy systems, has named
Serba Dinamik its distributor in Indonesia and Brunei for the oil and gas
industry.
Serba is the first of 24 former distributors for Calnetix ... more
Fluor Corporation (NYSE: FLR) today announced financial results for its second quarter ended June 30, 2010. Net earnings attributable to Fluor were $157 million, or $0.87 per diluted share, compared with $169 million or $0.93 per diluted share for the same period last year. Segment profit for the quarter was $262 million, compared with $309 million in the second quarter ... more
In response to recent statements by BP Oil Claims Administrator Kenneth Feinberg, the law firm of Freedland Russo and several of the oil spill victims have documented the reality of how lives have been affected on the Gulf Coast. On behalf of hundreds of residents in forgotten communities along the coast, it’s important to refute statements made on behalf of the oil giant ... more
BMB Munai, Inc. (NYSE Amex: KAZ) announced that Chapman Petroleum Engineering Ltd. of Alberta, Canada has completed an Evaluation of Prospective Resources ("Resource Report") of the Emir Oil, LLP Northwest Block territory. Resource assignment in the report was based principally on interpretation of recently completed 3D seismic studies in the Northwest Block territory.
The ... more
Blue Dolphin Energy Company (NASDAQ:BDCO) (NASDAQ:BDCOD) ("Blue Dolphin" or the "Company"), an independent oil and gas company with operations in the Gulf of Mexico, today announced ... more
ONEOK Partners, L.P. (NYSE:OKS) today announced plans to build approximately $595 million to $730 million of natural gas liquids (NGL) projects between now and 2013.
The preliminary cost estimates for the new projects are:
-- $450 million to $550 million to ... more
QEP Resources (NYSE:QEP) today reported second quarter 2010 production and provided an update on recent well results and midstream operations. This update precedes the release of the company's second quarter financial results which will be issued after the market close on July ... more
Anglo Canadian Oil Corp. (TSX VENTURE:ACG) ("Anglo" or the "Corporation") has released the drilling rig on its Shane 7-11 well after drilling to a total depth of 2650m. A horizontal leg of approximately 1240m was reached and the horizontal wellbore was cased with a multistage fracing and acidizing assembly in order to fully exploit the fractured limestone, shale and dolomitic ... more
BPZ Resources, Inc.
(NYSE:BPZ) announced today that the A-14XD well in its Albacora field was
reopened after receiving the required Extended Well Testing (EWT) and gas
flaring permits.
The A-14XD well, which had an effective rate of production in the second
quarter of approximately 1,510 barrels of oil per day (bopd) and averaged
approximately ... more
Samson Oil & Gas Limited (ASX: SSN) (NYSE AMEX: SSN) advises that the closing of its June 24th agreement to sell 24,166 acres in Goshen County, Wyoming, for a cash purchase price of between $61 million and $79 million has been delayed by the effects of the extraordinary increase in leasing activity in Goshen County. In order to give the purchaser an opportunity ... more
Enhanced Oil Resources
Inc. (TSX-V: EOR) today announced the results of its Milnesand (San
Andres) July 5, 2010 20 Acre Infill Reserves Report as prepared by GPE
Consulting Engineers and audited by Cawley, Gillespie & Associates Inc.
(CGA), the Company's independent petroleum engineer.
GPE and CGA estimates the Company's net proved oil reserves ... more
The Board of Directors of Inergy GP, LLC, managing general partner of Inergy, L.P. (NYSE:NRGY), today announced an increase in the Company’s quarterly cash distribution to $0.705 per limited partner unit ($2.82 annually) for the quarter ended June 30, 2010. This represents the 35th consecutive quarterly increase and an approximate 6.0% increase over the distribution ... more
BPZ Resources, Inc. (NYSE:BPZ) announced today that the A-14XD well in its Albacora field was reopened after receiving the required Extended Well Testing (EWT) and gas flaring permits.
The A-14XD well, which had an effective rate of production in the second quarter of approximately 1,510 barrels of oil per day (bopd) and averaged approximately 1,400 bopd during June, ... more
July 26,2010 -- The United States Bureau of Reclamation has awarded American Governor Company a contract to upgrade the six existing analog cabinet actuator governors in the Grand Coulee hydroelectric project's Third Powerhouse with digital governor systems an.......
Keppel FELS Limited (Keppel FELS) is on track towards an on-budget and on time delivery of the KFELS B Class jackup rig, West Callisto, to Seadrill Limited (Seadrill) before the end of July 2010. To date, the project has clocked a good safety record of 2.2 million man-hours without incidents.
This rig was named at Keppel FELS today by Lady Sponsor ... more
Monday, Jul 26, 2010
Anadarko Petroleum Corporation (NYSE:APC) today announced another significant discovery offshore Ghana at the Owo prospect in the Deepwater Tano Block. The discovery well encountered approximately 174 net feet of high-quality oil pay in two zones of stacked Turonian-age reservoir sands contained within a gross vertical reservoir interval of more than 500 feet. [...]
Alamo Energy Corp.
(OTCBB:ALME), is pleased to provide an update on the H.V Taylor Lease
located on 55 acres, Adair County, Kentucky.
The drilling phase of the five well program in Adair County was completed in
June with the wells encountering hydrocarbons in the Granville, Murfreesboro
and Knox formations. The wellbores were then videoed and subjected ... more
LINN Energy, LLC
(Nasdaq:LINE) announced today results from its second operated horizontal
Granite Wash well in the Stiles Ranch area of the Texas Panhandle. The
Company owns a 63 percent working interest in the Black 50-1H well, which
tested at a 24-hour production rate of 27.0 MMcf/d of natural gas and 3,190
Bbls/d of condensate at 2,150 psi flowing ... more
Primera Energy Resources Ltd. (TSX VENTURE:PTT) ("Primera" or the "Corporation") is pleased to provide a corporate update.
The Corporation is pleased to announce that Mr. Geoffrey Leid will assume the role of Chief Executive Officer. Mr. Patrick Acham the former Chief Executive Officer will remain active with the Corporation as a board member and will transition to ... more
Parex Resources Inc. ("Parex", "we" or the "Company") (TSX VENTURE:PXT) is pleased to provide an update of the Company's drilling activity in Colombia and in Trinidad, highlighted by successful test results from our Colombian Llanos Basin Kona-1 oil well and the award of Block LLA-57 in the 2010 Colombia Bid Round.
Wayne Foo, the Company's President and CEO stated ... more
Epsilon Energy Ltd. ("Epsilon") (TSX:EPS) announces that, on July 19, 2010, it has granted stock options to acquire up to 75,000 common shares to a senior officer ("officer") of Epsilon. The options are exercisable at $2.42 per option, have a 3-year term and shall vest 331/3% per annum, beginning one year from the date of grant.
The granting of these options is subject ... more
Northern Blizzard Resources Inc. ("Northern Blizzard") announces that it has successfully completed the acquisition of all of Nexen Inc.'s heavy oil properties in Western Canada for CAD$975 million (before closing adjustments). These properties produced approximately 15,000 boe/d in the second quarter of 2010. Bank financing was provided by a syndicate of lenders and was co-underwritten ... more
Canadian Quantum Energy Corporation ("Canadian Quantum" / "the Company") (TSX VENTURE:CQM) is pleased to announce the following update of the Company's ongoing activities in the Quebec Utica Shale Play. The Gentilly No. 2 Hz is currently being tested following the completion of the fracture stimulation program designed to evaluate the middle and lower sections of the Utica Shale ... more
Telvent (Nasdaq:TLVT), the
IT company for a sustainable and secure world, announced today that
PetroChina Company Limited (PetroChina) has contracted Telvent to supply
monitoring and control systems to extend its growing hydrocarbon pipeline
network. Telvent's OASyS information management infrastructure, already in
use in the PetroChina pipeline network, ... more
Petroceltic International PLC signed for drilling rig services for Dalma Energy LLC in Algeria
26-07-2010
VTTI announces plan to build a new oil product terminal and make Cyprus a major regional oil trading hub
26-07-2010
RWE Dea invests US$3.6 Billion in gas and Development Field, Egypt
26-07-2010
GE Signs Ten Year Licensing Agreement for Oil & Gas Compressors with BHEL [...]
Petroceltic International PLC (“Petroceltic” or “The Copmany”), the upstream oil and gas exploration and production company signed a contract for drilling rig services with Dalma Energy LLC, a Dubai based drilling contractor, for their land rig no. 12 200 horsepower drilling rig. Currently in Hassi Messaoud, Algeria the rig will begin mobilisation ... more
Faroe Petroleum plc, the independent oil and gas company focusing principally on exploration, appraisal and undeveloped field opportunities in the Atlantic margin, the North Sea and Norway, is pleased to announce that drilling operations have commenced on the Anne Marie prospect (Faroe Petroleum 12.5%), located offshore, the Faroe Islands.
The commitment well (6004/8a-1) is ... more
Rwe Dea will be investing 3.6 billion US-Dollars in the field development in the North Alexandria and West Mediterranean Deep Water concessions – the biggest single investment for the company to date. Jointly the Egyptian Petroleum Minister Sameh Fahmy, the Egyptian state owned company EGPC and the operator BP, RWE Dea signed the agreement which had been approved by the ... more
Further to the announcement dated 23 June 2010, Nighthawk, the US focused hydrocarbon development and production company (Tickers: AIM: HAWK and OTCQX: NHEGY), is pleased to provide an update on the marketing process being undertaken by Macquarie Tristone (Houston) ("Macquarie") to seek a purchaser for part of the working interest in the Jolly Ranch Project in Colorado covering ... more
At the meeting held on July 22, 2010 in the city of Uralsk, Republic of Kazakhstan, and dedicated to preservation and rehabilitation of the ecosystem along the trans-border river Ural, Yuri Berg, Governor of the Orenburg Region, pointed out the extensive works of OJSC Orenburgneft for utilization and processing of associated ... more
Tullow Oil plc (Tullow) announces that the Owo-1 exploration well in the Deepwater Tano licence offshore Ghana has intersected a significant column of excellent quality light oil. Results of drilling, wireline logs ... more
Wrangler West Energy Corp. ("Wrangler West", the "Company") (TSX-V "WX") announces the Company has entered into a revolving operating demand loan agreement ("Credit Facility") effective July 21, 2010 with Canadian Western Bank (the "lender") in the amount of $12 million.
The Credit Facility, as approved by Wrangler West's board of directors, is
subject to an ... more
Continuously expanding its technology presence in various regions and India, GE has signed a licensing agreement for oil and gas compressors with Bharat Heavy Electricals Limited (BHEL) of India.
In the agreement, signed through GE’s Oil & Gas’ Italian entity Nuovo Pignone, GE’s advanced range of high performance; high efficiency centrifugal compressors ... more
Continuously expanding its technology presence in various regions and India, GE has signed a licensing agreement for oil and gas compressors with Bharat Heavy Electricals Limited (BHEL) of India.
In the agreement, signed through GE’s Oil & Gas’ Italian entity Nuovo Pignone, GE’s advanced range of high performance; high efficiency centrifugal compressors ... more
Forbes Energy Services Ltd. (TSX: FRB) (the "Company") announced today the expiration of its previously announced consent solicitation with respect to the 11% Senior Secured Notes due 2015 (the "Notes") issued by two of its subsidiaries. The consent solicitation expired at 4:30 p.m., New York City time, on Friday, July 23, 2010, at which time the aggregate principal amount of ... more
Anadarko Petroleum Corporation (NYSE:APC) today announced another significant discovery offshore Ghana at the Owo prospect in the Deepwater Tano Block. The discovery well encountered approximately 174 net feet of high-quality oil pay in two zones of stacked Turonian-age reservoir sands contained within a gross vertical reservoir interval of more than 500 feet. Pressure data indicates ... more
As the US starts to count the massive conservation costs of the current oil slick disaster off the coast of Louisiana , agreement by the UK government to allow two companies to begin seismic surveys in preparation for potential future oil and gas development in the Moray Firth, Scotland has been condemned by groups including the Whale and Dolphin Conservation Society (WDCS) as ... more
The revival of the global economy, following the economic crisis in 2008 and 2009, has led to a rebound in the demand for minerals and natural resources from Southern Africa. This has stepped-up the demand for oil products within the region, driving growth in the Southern African downstream oil and gas market. Furthermore, the recovery of crude oil prices has resulted in intensified ... more
Vitol Tank Terminals International (“VTTI”), today announced plans to build a major oil import and distribution terminal in the industrial area of Vassiliko, Cyprus.
The terminal, which is set for completion in 2012, marks an initial investment of more than €100 million in the Cyprus economy and will establish the island as a major oil trading hub ... more
BP's chief executive Tony Hayward is expected to stand down following widespread criticism of his handling of the Gulf of Mexico oil spill.
Mr Hayward has been widely criticised over the Gulf of Mexico oil spill.
An official statement issued by BP, which over the weekend said Mr Hayward had the board's full support, said "no final decision ... more
Apache Corporation (NYSE:APA) ( NASDAQ: APA) today announced the pricing of offerings of common stock and depositary shares raising approximately $3.1 billion with underwriters' options that may bring in up to an additional $469 million.
Apache said it has priced ... more
Before he was an author, Fouad Khan was an environmental consultant for big oil. In his novel Katrina Nights (now available on Amazon), Fouad succinctly summarizes the one profound learning from his earlier career. "It's inevitable," he says, "an unavoidable consequence of oil industry operations ... where there's oil, it will leak."
Fouad talks of pristine aquifers ... more
American Natural Energy Corporation ("ANEC") (TSX Venture: ANR.U) announced that its Board of Directors has authorized its management to proceed to obtain the required stockholder and other approvals and to prepare and file the necessary corporate and other documents to effect a one-for-ten reverse split of its outstanding shares of common stock. If completed as proposed, ANEC's ... more
Discovery Producer Services LLC, owned by Williams Partners L.P. (NYSE:WPZ) and DCP Midstream Partners, L.P. (NYSE:DPM) , is holding a non-binding open season for its Keathley Canyon ... more
Forbes Energy Services Ltd. (TSX: FRB) (the "Company") announced today the expiration of its previously announced consent solicitation with respect to the 11% Senior Secured Notes due 2015 (the "Notes") issued by two of its subsidiaries. The consent solicitation expired at 4:30 p.m., New York City time, on Friday, July 23, 2010, at which time the aggregate principal amount of ... more
Exterra Energy, Inc. (OTCBB: EENI) is pleased to announce the closing of 31 wells on 12 leases in the East Texas Woodbine field. This package is part and parcel to the overall East Texas package announced in April. Exterra expects to close on the overall package in the near future, but closed on these wells to immediately begin the re-equipping process.
“This ... more
Samson Oil & Gas Limited (ASX: SSN)(NYSE AMEX: SSN) advises that the Nabors 288 rig spudded the Rodney #1-14H well as of 1330 hours MDST on July 22nd. The Rodney #1-14H well is located in Township 154N, Range 99W, Section 14 in Williams County, North Dakota. The well will test the prolific middle member of the Mississippian Bakken Formation in the Williston Basin, ... more
A weekly compendium of news and notes from around the web
NEW YORK (Reuters) – Schlumberger Ltd (SLB.N), the world's largest oilfield services company, posted a 33 percent jump in quarterly profit on brisk activity in North America land markets, but said it did not expect drilling to resume in the Gulf of Mexico ... more
An analysis by IHS Global Insight of the economic contribution to the Gulf States from offshore oil and gas development in the Gulf of Mexico shows that independent oil and gas companies currently account for about half of the nearly 400,000 jobs, $70 billion in economic values and $20 billion in federal, state and local [...]
A new study shows the significant and growing role that independent oil and gas companies play in the Gulf of Mexico, and examines the devastating economic impacts that current and pending draconian policies on offshore drilling could have by forcing independents out of the Gulf. Such proposals include unreasonable financial requirements to operate offshore and [...]
Based on a landmark analysis of 25 recent natural and manmade disasters, Oxford Economics today projected that the effects of the BP oil spill on travel to the Gulf Coast are likely to last up to three years and cost the region $22.7 billion. An aggressive and comprehensive $500 million effort to attract visitors to [...]
Production volumes down 9% compared to Q1 2010
• Production volumes were down by 9% compared to the previous quarter driven largely by scheduled maintenance shutdowns on North West Shelf Trains 3 and 5, the sale of our Otway assets in the previous quarter as well as natural decline in oil production from Enfield and Neptune. [...]
Salamander Energy plc, the Asia focussed independent oil and gas exploration and production company, announces that it has plugged and abandoned the Tom Hum Xanh-1X (”31-THX-1X”) exploration well in Block 31, in the Vinh Chau Graben system, offshore southern Vietnam.
OGX Petróleo e Gás Participações S.A. (“OGX”) (Bovespa: OGXP3, OTC: OGXPY), the Brazilian oil and gas company conducting the largest private sector exploratory campaign in Brazil, announced today that it has identified hydrocarbon presence in the Aptian section of well 1-OGX-15-RJS, located in the BM-C-41 block, in the shallow waters of the Campos Basin. OGX [...]
Dozens of ships in the Gulf of Mexico have been ordered to leave the site of the BP oil spill by the US government as Tropical Storm Bonnie gathers pace.
PDC Energy (the “Company”)(Nasdaq:PETD) today announced the Company plans to host a conference call with investors to discuss second quarter 2010 results.
In South Korea crude oil refiner ad some petrochemical makers south of capital closed refining and downstream units on Friday due to lightning disruption though actual impact was minimal.
Research and Markets (http://www.researchandmarkets.com/research/69db00/outlook_of_future) has announced the addition of the “Outlook of Future LNG Markets- Analysis and Forecasts of Upcoming 20 Potential LNG Markets” report to their offering.
“Outlook of Future LNG Markets- Analysis and Forecasts of Upcoming 20 Potential LNG Markets”
Research and Markets (http://www.researchandmarkets.com/research/0ff80d/bp_oil_spill_trage) has announced the addition of GlobalData ’s new company profile “BP Oil Spill Tragedy - What Lies in Store for the Renewable Energy Industry?” to their offering.
“BP Oil Spill Tragedy - What Lies in Store for the Renewable Energy Industry?”
National Clean Fuels (Pinksheets: NACF) announced today that Management has selected and engaged Mr. Norris McDonald, a highly-qualified environmentalist with nearly 30 years environment and energy experience. Mr. McDonald founded the Center for Environment, Commerce and Energy in 1985 and has served as its President since inception. McDonald is also the Founder and President of [...]
Miller Petroleum, Inc. dba Miller Energy Resources (”Miller”) (NASDAQ:MILL) a high growth oil and natural gas exploration, production and drilling company announced today that it has successfully restored natural gas production at the Kustatan Natural Gas Field located at its operations in Cook Inlet, Alaska. Production was restored through the KF-1 natural gas well and [...]
LINN Energy, LLC (Nasdaq:LINE) announced today results from its second operated horizontal Granite Wash well in the Stiles Ranch area of the Texas Panhandle. The Company owns a 63 percent working interest in the Black 50-1H well, which tested at a 24-hour production rate of 27.0 MMcf/d of natural gas and 3,190 Bbls/d of condensate [...]
UGI Corporation (NYSE: UGI) announced today that its wholly-owned subsidiary, UGI Energy Services, Inc., has agreed to sell Atlantic Energy to DCP Midstream Partners, LP (NYSE: DPM) for $49 million plus inventory and other working capital. Atlantic Energy owns and operates a marine import terminal with 20 million gallons of above ground storage in the [...]
Cabot Oil & Gas Corporation (NYSE:COG) today reported second quarter net income of $21.7 million, or $0.21 per share, as compared to net income of $25.5 million, or $0.25 per share, in the second quarter of 2009. Removing the selected items in both periods, (which are detailed in the Selected Items Table and include the [...]
Vitol Tank Terminals International (“VTTI”), today announced plans to build a major oil import and distribution terminal in the industrial area of Vassiliko, Cyprus.
Atlantic Power Corporation (TSX:ATP)(TSX:ATP.DB)(TSX:ATP.DB.A) (the “Company”) today announced the completion of the U.S. regulatory approval process for the listing of its shares on the New York Stock Exchange (”NYSE”). The Company’s shares will begin trading on the NYSE on Friday July 23, 2010 under the symbol AT.
The Board of Directors of Schlumberger Limited (NYSE:SLB) today declared a quarterly dividend of $0.21 per share of outstanding common stock. The dividend is payable on October 1, 2010 to stockholders of record at the close of business on September 1, 2010.
ConocoPhillips [NYSE:COP] announced today the cancelation of plans to upgrade the Wilhelmshaven refinery in Germany.
“We will also explore other options to improve shareholder value including operating the facility as a terminal and pursuing the sale of the asset.”
Investors, challenged by the volatile stock market, proposed tax increases, inflation and low interest rates, are making royalty-based investments part of their diversified asset-allocation strategy. Royalties, a tax-advantaged, low-risk high-yield investment, have made it possible for investors to own a share of the energy market without absorbing the costs and risks related to drilling and [...]
RANGE RESOURCES CORPORATION (NYSE: RRC) today announced that its second quarter earnings conference call will be moved up to 9:00 a.m. ET on Tuesday, July 27, versus 1:00 p.m. ET, which was previously announced. Scheduling conflicts necessitated the time change.
Today the Vitol Group (“Vitol”) confirmed that it is in exclusive negotiations with Shell Oil Products Africa (Shell) for the potential acquisition of equity in their downstream businesses in 19 countries in Africa, subject to final negotiations and any necessary regulatory and final company approvals. Vitol’s potential acquisition of equity will be in partnership with [...]
Green Plains Renewable Energy, Inc. (Nasdaq:GPRE) announced today that it will implement corn oil extraction technology at its ethanol plants. The Company expects to complete the technology deployment by the end of the first quarter of 2011 and anticipates the project would enhance operating income by $15 million to $19 million per year.
Green Plains Renewable Energy, Inc. (Nasdaq:GPRE) and BioProcess Algae LLC today announced plans for Phase II of its Grower Harvester (TM) algae project located at Green Plains’ Shenandoah, Iowa ethanol plant. Construction on Phase II is set to begin in the next two weeks with plans to scale the technology 20 times larger than the [...]
United Solar, a leading global manufacturer of building-integrated and rooftop photovoltaics under its UNI-SOLAR(R) brand — and a wholly owned subsidiary of Energy Conversion Devices (Nasdaq:ENER) — today announced it has signed an agreement to supply 3.9 megawatts of solar laminates to New Jersey Resources Clean Energy Ventures (NJRCEV) and Adler Development of Edison, NJ.
LadyBug Resource Group (OTCBB:LBRG) announced today that its subsidiary, New Solar Electricity Corporation, is developing a novel solar concentrator called “Solar Tracer,” which will use concentrating solar power technology to capture energy from the sun and transfer it in the form of heat to run steam turbine generators. The company believes that its Solar Tracer [...]
Sierra Geothermal Power Corp. (TSX VENTURE:SRA) (”Sierra”) and Ram Power, Corp. (TSX:RPG) (”Ram Power”) are pleased to announce that the Supreme Court of British Columbia has issued an interim order authorizing Sierra to, among other things, call a special meeting of its shareholders to consider and, if deemed advisable, pass a special resolution approving the [...]
National Grid’s research shows that 16% of gas demand in its service area could be met through renewable gas
New white paper shows that renewable gas is a real and viable option that can reduce greenhouse gas emissions and help build a sustainable energy future
Investment in renewable gas networks can create jobs and play a significant [...]
GoodCents Holdings, Inc. (“GoodCents”), a leading provider of energy conservation services to North American utilities, announced today that it has signed a three-year agreement with Cleveland-based Dominion East Ohio (“DEO”) to deliver their newly commissioned Home Performance with ENERGY STAR® comprehensive home audit and improvement program for single-family residential gas customers to DEO’s Ohio service [...]
Evolution Solar (PinkSheets:EVSO): Yesterday, the Energy Committee of the United States Senate approved Senator Bernie Sanders’ (I-VT) “Ten Million Solar Roofs” legislation. The Bill is designed to encourage the installation of 10 million solar systems over a 10 year period in the US and is a measure that is welcomed by the majority of the [...]
-Suniva, Inc., a U.S. manufacturer of high-efficiency monocrystalline silicon solar cells and modules, announced that its ARTisun® series solar cells are being used to power innovative designs and award-winning projects around the world. The Company’s solar cells recently played an integral part in Virginia Polytechnic State University’s LumenHAUS project, the grand prize winner of the [...]
In South Korea crude oil refiner ad some petrochemical makers south of capital closed refining and downstream units on Friday due to lightning disruption though actual impact was minimal.
South Korea’s Hyundai Oilbank closed two crude distillate units with a combined capacity of 390,000 barrels per day, a total of 850,000 tonnes ... more
The Board of Directors of Schlumberger Limited (NYSE:SLB) today declared a quarterly dividend of $0.21 per share of outstanding common stock. The dividend is payable on October 1, 2010 to stockholders of record at the close of business on September 1, 2010.
About Schlumberger
Schlumberger is the world’s leading supplier of technology, integrated project ... more
Acceleware(R) Corp. (TSX VENTURE:AXE) a leading developer of high performance computing applications, today announced support for NVIDIA's next generation Fermi architecture of Tesla GPUs to power the company's line of Oil & Gas and Electromagnetic software acceleration products.
Acceleware customers continually push the computing boundaries by running more complex ... more
BP today provided an update on developments in the response to the MC252 oil well incident in the Gulf of Mexico.
Subsea Source Control and Containment
With the guidance and approval of the National Incident Commander (NIC) and the leadership and direction of federal government, relief well activities at the MC252 well ... more
Today the Vitol Group (“Vitol”) confirmed that it is in exclusive negotiations with Shell Oil Products Africa (Shell) for the potential acquisition of equity in their downstream businesses in 19 countries in Africa, subject to final negotiations and any necessary regulatory and final company approvals. Vitol’s potential acquisition of equity will be in partnership ... more
Salamander Energy plc, the Asia focussed independent oil and gas exploration and production company, announces that it has plugged and abandoned the Tom Hum Xanh-1X ("31-THX-1X") exploration well in Block 31, in the Vinh Chau Graben system, offshore southern Vietnam.
The 31-THX-1X well has been drilled to a total true vertical depth subsea of 2,103 metres without encountering ... more
Tethys Petroleum Limited ("Tethys" or the "Company") (TSX:TPL) announced today that work had commenced on the re-entry of well G6 on the Akkulka Block in Kazakhstan, this work being aimed at establishing the potential extent of the Doris oil discovery and associated potential oil accumulations.
Well G6, which is located some 16 km west of the AKD01 Doris discovery ... more
Production volumes down 9% compared to Q1 2010
o Production volumes were down by 9% compared to the previous quarter driven largely by scheduled maintenance shutdowns on North West Shelf Trains 3 and 5, the sale of our Otway assets in the previous quarter as well as natural decline in oil production from Enfield and Neptune. This was partially offset ... more
HIGHLIGHTS
o A leased downhole pumping unit has been installed on the Trusler #1 well.
o The well will be connected to temporary production facilities Friday (USA time).
o The start of the extended production test is scheduled to commence on Friday (USA time) immediately after the piping to the production facilities is installed.
o Meaningful ... more
PDC Energy (the "Company")(Nasdaq:PETD) today announced the Company plans to host a conference call with investors to discuss second quarter 2010 results.
Conference Call and Webcast:Date/Time: Monday, August 9, 2010, 1:00 p.m. EDT
Webcast available at: www.petd.com
Domestic Dial-In (toll free): 877-312-5520
International ... more
Atlantic Power Corporation (TSX:ATP)(TSX:ATP.DB)(TSX:ATP.DB.A) (the "Company") today announced the completion of the U.S. regulatory approval process for the listing of its shares on the New York Stock Exchange ("NYSE"). The Company's shares will begin trading on the NYSE on Friday July 23, 2010 under the symbol AT.
"We are very pleased to commence our NYSE listing, ... more
Black Dragon Resource Companies, Inc. ("the Company", "Dragon") (Pink Sheets:BDGR) is making a correction to the press release that was released on July 16, 2010.
It originally stated: With Dragon taking a more active role in the completion of the Humble Project it might receive an additional 5% royalty bringing total ownership to 25%.
It should have stated: With ... more
RANGE RESOURCES CORPORATION (NYSE: RRC) today announced that its second quarter earnings conference call will be moved up to 9:00 a.m. ET on Tuesday, July 27, versus 1:00 p.m. ET, which was previously announced. Scheduling conflicts necessitated the time change.
None of the dial-in information has changed. To participate in the call, please dial 877-407-8031 ... more
Bids for the onshore LNG FEED have been called, the Australian Major said, in the second quarter results briefing.
For offshore components separate tenders are expected to be issued.
A final investment decision is to be due by mid-2012.
Browse LNG will begin production initially ... more
Cenovus Energy Inc. (TSX, NYSE: CVE) will release its second quarter results on Thursday, July 29, 2010. The news release will provide consolidated second quarter operating information and financial statements.
A conference call and webcast to discuss the results will be held for the investment community the same day at 9:00 a.m. MT (11:00 a.m. ET). To participate, please ... more
LINN Energy, LLC (Nasdaq:LINE) announced today results from its second operated horizontal Granite Wash well in the Stiles Ranch area of the Texas Panhandle. The Company owns a 63 percent working interest in the Black 50-1H well, which tested at a 24-hour production rate of 27.0 MMcf/d of natural gas and 3,190 Bbls/d of condensate at 2,150 psi flowing surface pressure. The natural ... more
Wood Group, the international energy services company, has launched a new hydrate liquefying tool to melt ice and paraffin blockages that occur in the production pipes of oil & gas wells.
The Thermal Moderator Tool (TMT), developed by Wood Group Logging Services, can be used in pipes with inside diameters as small as one inch. The tool, which is rated to 15,000 PSI ... more
Dozens of ships in the Gulf of Mexico have been ordered to leave the site of the BP oil spill by the US government as Tropical Storm Bonnie gathers pace.
Incident commander Admiral Thad Allen said the well would remain capped while ships evacuated the Gulf.
Drilling on a relief well has been suspended for up to two weeks.
Bonnie is ... more
Vitol Tank Terminals International (“VTTI”), today announced plans to build a major oil import and distribution terminal in the industrial area of Vassiliko, Cyprus.
The terminal, which is set for completion in 2012, marks an initial investment of more than €100 million in the Cyprus economy and will establish the island as a major oil trading hub in ... more
SkyWest Energy Corp. (TSX VENTURE:SKW) (the "Corporation") is pleased to announce that it has promoted Steve Holyoake to the position of Vice-President, Operations effective July 20.
The Corporation also announces that it has appointed Collins Barrow Calgary LLP, Chartered Accountants as auditor of the Corporation effective June 22, 2010. The Corporation's former auditor, ... more
Sterling Resources Ltd.,
(TSX-V:SLG) ("Sterling" or the "Company") is pleased to provide an
operational update regarding its current drilling activities in the United
Kingdom North Sea.
<< Blakeney -------- >>
The Ocean Nomad rig is under contract and should commence drilling at the
Blakeney exploration well located in Block ... more
The Nature
Conservancy of Canada (NCC) joins with Kevin Sorenson, MP for Crowfoot, on
behalf of the Minister of Environment, the Honourable Jim Prentice and
Garnet Scaman, Vice President, Canadian Pipeline Operations, TransCanada to
celebrate NCC's recent conservation success in the Red Deer River Area.
The Rockland Bay property is a 150-acre (60-hectare) ... more
Based on a landmark analysis of 25 recent natural and manmade disasters, Oxford Economics today projected that the effects of the BP oil spill on travel to the Gulf Coast are likely to last up to three years and cost the region $22.7 billion. An aggressive and comprehensive $500 million effort to attract visitors to the Gulf Coast could reduce the total economic impact by $7.5 ... more
Congressman Chaka Fattah(D-PA), a member of the House Appropriations Committee's Energy and Water Subcommittee, issued this statement concerning an oil spill containment system announced by four major oil companies.
"Four major Gulf of Mexico competitors of BP - and each other -have taken a smart step toward preparing for a catastrophe we hope will never reoccur. ... more
Miller Petroleum, Inc. dba Miller Energy Resources ("Miller") (NASDAQ:MILL) a high growth oil and natural gas exploration, production and drilling company announced today that it has successfully restored natural gas production at the Kustatan Natural Gas Field located at its ... more
Cabot Oil & Gas Corporation (NYSE:COG) today announced continued positive progress on all fronts, including the receipt of new drilling permits and additional drilling success in Pennsylvania, the execution of an area of mutual interest in the Eagle Ford, and another Haynesville ... more
CNOOC Limited ("the Company" or "CNOOC Ltd," NYSE: CEO, HKEx: 883) is pleased to announce today that BZ 29-4, an independent oil field in the Bohai Bay, has commenced production successfully.
(Logo: http://www.prnasia.com/xprn/sa/200701301659.jpg )
BZ 29-4 oil field, ... more
Cabot Oil & Gas Corporation (NYSE:COG) today reported second quarter net income of $21.7 million, or $0.21 per share, as compared to net income of $25.5 million, or $0.25 per share, in the second quarter of 2009. Removing the selected items in both periods, (which are detailed ... more
A new study shows the significant and growing role that independent oil and gas companies play in the Gulf of Mexico, and examines the devastating economic impacts that current and pending draconian policies on offshore drilling could have by forcing independents out of the Gulf. Such proposals include unreasonable financial requirements to operate offshore and overly prescriptive ... more
Investors, challenged by the volatile stock market, proposed tax increases, inflation and low interest rates, are making royalty-based investments part of their diversified asset-allocation strategy. Royalties, a tax-advantaged, low-risk high-yield investment, have made it possible for investors to own a share of the energy market without absorbing the costs and risks related ... more
Cobalt International Energy, Inc. (“Cobalt”) (NYSE:CIE) Chairman and Chief Executive Officer Joseph H. Bryant issued the following statement, which comments on a study issued today by IHS Global Insight titled, “The Economic Impact of the Gulf of Mexico Offshore Oil and Natural Gas Industry and the Role of the Independents”:
“It ... more
National Clean Fuels (Pinksheets: NACF) announced today that Management has selected and engaged Mr. Norris McDonald, a highly-qualified environmentalist with nearly 30 years environment and energy experience. Mr. McDonald founded the Center for Environment, Commerce and Energy in 1985 and has served as its President since inception. McDonald is also the Founder and President ... more
An analysis by IHS Global Insight of the economic contribution to the Gulf States from offshore oil and gas development in the Gulf of Mexico shows that independent oil and gas companies currently account for about half of the nearly 400,000 jobs, $70 billion in economic values and $20 billion in federal, state and local revenue generated by the industry in 2009.
“The ... more
OGX Petróleo e Gás Participações S.A. (“OGX”) (Bovespa: OGXP3, OTC: OGXPY), the Brazilian oil and gas company conducting the largest private sector exploratory campaign in Brazil, announced today that it has identified hydrocarbon presence in the Aptian section of well 1-OGX-15-RJS, located in the BM-C-41 block, in the shallow waters ... more
UGI Corporation (NYSE: UGI) announced today that its wholly-owned subsidiary, UGI Energy Services, Inc., has agreed to sell Atlantic Energy to DCP Midstream Partners, LP (NYSE: DPM) for $49 million plus inventory and other working capital. Atlantic Energy owns and operates a marine import terminal with 20 million gallons of above ground storage in the Port of Chesapeake, Virginia. ... more
Agilent Technologies Inc. (NYSE:A) and Mississippi State University (MSU) announced a new analytical method developed by State Chemical Lab scientists at MSU that will be used to test seafood from the Gulf of Mexico for evidence of oil contamination, pending review from the U.S. Food and Drug Administration (FDA).
“The lab’s current instrument ... more
ConocoPhillips [NYSE:COP] announced today the cancelation of plans to upgrade the Wilhelmshaven refinery in Germany.
“We will also explore other options to improve shareholder value including operating the facility as a terminal and pursuing the sale of the asset.”
“This move is consistent with our stated strategy ... more
July 22,2010 -- Allain Duhangan Hydro Project Limited (ADHPL) has announced the commissioning of the first phase of a 192-MW hydropower project at Manali in Himachal Pradesh, regional media reported. ....
CTC Marine Projects has now commenced the load out of the 25 kilometre armoured power cable and its hub as part of the Wave Hub project, which will go offshore at the beginning of August.
The Wave Hub project has been developed by the South West RDA (Regional Development Agency) and will create the world’s largest test site for ... more
Oteac invest in new gas detection laboratory
Oteac are providers of Specialist Integrated Safety Services with a wealth of experience and a proven performance history.
We have recently invested in a new gas detection laboratory within our service centre at Maryculter, Aberdeen.
The ... more
July 22,2010 -- China Hydroelectric Corporation has completed the previously announced acquisition of 100 percent of the Minrui small hydroelectric projects totaling 55.5 megawatts of installed capacity in Yunnan Province of the People's Republic of China. ....
New Oil Spill Containment System To Protect Gulf Of Mexico Planned By Major Oil Companies
A plan to build and deploy a rapid response system that will be available to capture and contain oil in the event of a potential future underwater well blowout in the deepwater Gulf of Mexico was announced today by Chevron, [...]
CNOOC Limited (“the Company” or “CNOOC Ltd,” NYSE: CEO, SEHK: 883) is pleased to announce today that BZ 29-4, an independent oil field in the Bohai Bay, has commenced production successfully.
Key Points:
Drilling contract executed for Songa Venus to drill Artemis-1
Rig expected early to late November depending on present Shell drilling program
Avro Energy, Inc. (OTCBB:AVOE) is pleased to confirm that it used through the pipe well logging technology on its Weigel-Willis well in South Arkansas. The well logs were reviewed by an experienced well logging engineer who confirmed that there are four additional zones of interest in this well that also have good bonding behind the [...]
Weatherford International Ltd. (NYSE: WFT) today reported second quarter 2010 income of $80 million, or $0.11 per diluted share, excluding an after tax loss of $0.15 per diluted share. The excluded after tax loss was comprised of an $82 million non-cash charge for a fair value adjustment to the put option issued in connection with [...]
Songa Offshore SE is pleased to announce that the first of three optional wells has been declared by Shell Development (Australia) under the contract for Songa Venus. The well has further been assigned to MEO Australia Limited.
Further expanding its technology presence in India and the region, GE (NYSE: GE) has signed a 10-year licensing agreement with Bharat Heavy Electricals Limited (BHEL) of India.
Williams Partners L.P. (NYSE:WPZ) today announced that Northwest Pipeline GP is launching an open season to seek expressions of interest from shippers to participate in its new Opal Market Link project. Shippers can contract for long-term firm transportation service to move unprocessed natural gas from the Uinta Basin in Utah to the Opal Hub. Williams [...]
Keppel has secured two contracts totaling S$170 million (US $123.6MM) from repeat customers for the conversion of a Floating Production Storage and Offloading (FPSO) vessel and repair of a semisubmersible (semi) drilling rig respectively.
Ensco plc (NYSE: ESV) reported diluted earnings per share from continuing operations of $0.82 for second quarter 2010, compared to $1.55 per share in second quarter 2009. Earnings from discontinued operations were $0.07 per share in the second quarter, compared to a loss of $0.14 per share a year ago. Discontinued operations in second quarter [...]
Contango Oil & Gas Company (NYSE Amex: MCF) announced today that it will complete its wildcat exploration well (Rexer # 1) in south Texas. The Company has a 100% working interest and a 72.5% net revenue interest in this well, before payout. Production is expected to begin by the end of September 2010. The Company [...]
GeoBio Energy, Inc. (Pink Sheets:GBOE) (”GeoBio”), confirming its plan to become a significant player in the oil and natural gas services sector, has firm schedules for its previously announced acquisitions. The civil construction company operating in the Piceance Creek Basin shale play area of Colorado is scheduled for closing on or before September 15, 2010. [...]
Aker Solutions has won a contract with Eni Norge for the design and supply of an on-vessel Pusnes mooring systemTM for the Goliat FPSO. The total contract value for Aker Solutions is approximately NOK 150 million.
Florida Gas Transmission Company (FGT) and Williams Partners L.P. today announced that the Federal Energy Regulatory Commission (FERC) has approved a proposal to connect the existing FGT and Transco natural gas pipeline systems with the new Gulf LNG Clean Energy import terminal being developed near Pascagoula, Miss.
Speaker Nancy Pelosi released the following statement today after the House passed two bills in response to the disastrous BP oil spill. The first - H.R. 2693, the Oil Pollution Research and Development Program Reauthorization - will strengthen research, development, and demonstration of innovative tools, methods, and technologies for oil spill cleanup. The second - [...]
Marine Subsea (UK) completed £656,000 contract with Repsol at the Casablanca platform, offshore Spain. Preparing for instillation work due next year, the firm deployed ‘Sarah’, its multipurpose offshore intervention vessel to prepare three platform J tubes. The work included the relocation of an existing but abandoned 6 inch flexible pipe, and to modify trawl protection [...]
New Oil Spill Containment System To Protect Gulf Of Mexico Planned By Major Oil Companies
A plan to build and deploy a rapid response system that will be available to capture and contain oil in the event of a potential future underwater well blowout in the deepwater Gulf of Mexico was announced today by Chevron, ConocoPhillips, ... more
Tap Oil advises that the commencement of drilling of the Mawar-1 well in Block M, onshore Brunei, has been delayed until mid August. As is normal procedure, Tap has undertaken thorough testing of the rig components before the commencing operations. During this process some critical items were found to be defective. The rig contractor, MBCentury, [...]
Ricker Oil Co., based in Anderson, Ind., is posting its fuel prices to GasBuddy.com to keep motorists informed of its competitively priced fuel. Currently, Ricker uses PriceNet fuel price management and optimization system from KSS Fuels to establish its pricing strategy. Moving forward, the company will also use PriceNet to feed its latest fuel prices [...]
Chesapeake Midstream Partners, L.P., a Delaware master limited partnership, announced today that it has commenced an initial public offering of 21,250,000 common units representing limited partner interests pursuant to a registration statement on Form S-1 previously filed with the Securities and Exchange Commission. The underwriters will be granted a 30-day over-allotment option to purchase up [...]
Wolf 1
Progress and Status:
Origin Energy, on behalf of the L11 Joint Venture, advises that Wolf 1 gas appraisal well spudded on 17 July using the Weatherford drilling rig 826. This well is being drilled to appraise the extent of the gas accumulation discovered by the Redback South 1 well, drilled in 2009.
Noble Corporation (NYSE: NE) announced today that its indirect wholly-owned subsidiary, Noble Holding International Limited (”NHIL”), has priced an offering of $1.25 billion aggregate principal amount of senior notes in three separate tranches, with $350 million of 3.45% senior notes due 2015, $500 million of 4.90% senior notes due 2020, and $400 million of 6.20% [...]
Research and Markets (http://www.researchandmarkets.com/research/e9d850/analysis_of_top_10) has announced the addition of the “Analysis of Top 10 LNG Companies- Competitive Strategies, Planned Investments, Market Structures and SWOT Analysis” company profile to their offering.
“Analysis of Top 10 LNG Companies- Competitive Strategies, Planned Investments, Market Structures and SWOT Analysis”
Newfield Exploration Company (NYSE:NFX) today provided a detailed update on operations in its core operating regions. The update precedes the announcement of the Company’s second quarter of 2010 financial results planned for after-market close on July 22. A conference call is planned for 8:30 a.m. CDT on July 23, 2010. To participate in the call, [...]
Breda, The Netherlands, 22 July, 2010. Dockwise Ltd. today announces four awards for Heavy Marine Transport (HMT) Projects that include an FPSO, two jack-up rigs and a power barge. Total revenues for these various commitments are almost $ 45 million.
Vestas received a 570 MW order for 190 V90-3.0 MW turbines for Terra-Gen’s Alta Wind Energy Center near Tehachapi, California, USA. The order has been placed by subsidiaries of Alta Wind Holdings, LLC, a wholly-owned subsidiary of Terra-Gen Power, LLC.
E.ON is leading the European offshore business. According to new statistics released by the European Wind Energy Association (EWEA) 118 new offshore wind turbines with a capacity of 333 megawatts, were connected to the grid in the first half of 2010.
STRONG SECOND QUARTER - CLEAR SIGNS OF MARKET RECOVERY
SECOND QUARTER HIGHLIGHTS
- Order intake increased 42% to EUR 1,117 million (785)
- Net sales decreased by 15% to EUR 1,131 million (1,333)
- Operating result decreased to EUR 117 million (155), 10.4% of net sales (11.7)
- Earnings per share amounted to 0.86 euro (1.06)
In order to promote and facilitate the development of renewable energy sources in Puerto Rico, the Government of Puerto Rico is establishing and implementing a series of new policies that will create the necessary legal framework to spearhead said development.
Ice Energy, a leading provider of advanced energy storage solutions for the electric utility industry, today lauded the introduction of new legislation that would establish federal tax credits for investments in energy storage.
REC Solar, a leading solar electric provider in the US, today announced the completion of another major commercial solar installation in the Hawaiian Islands at the Kapolei Inline Hockey Arenas on Oahu. The twin hockey arenas are powered by two Xantrex 100 kW inverters and 1,170 REC 220 watt modules. These two systems produce over [...]
Terra-Gen Power, LLC (”Terra-Gen”) announced today that it has closed a $1.2 billion financing for four wind power projects with a total of 570 megawatts (MW) of capacity at its Alta Wind Energy Center in Kern County, California. The four projects, known as Alta Projects II-V, will use 190 V90-3.0 MW turbines manufactured by Vestas-American [...]
Chicago Mayor Richard M. Daley joined Exelon Chairman and CEO John Rowe and other local dignitaries on Chicago’s South Side today to dedicate Exelon City Solar, the nation’s largest urban solar power plant. Exelon transformed a 41-acre site in the West Pullman neighborhood from a former industrial brownfield property that had been vacant for more [...]
Spire Corporation (Nasdaq: SPIR), a global solar company providing capital equipment and turnkey manufacturing lines to manufacture photovoltaic (PV) modules and cells, today announced it has been notified by the Department of Energy (DOE) that it has received a grant to develop a microcrack detection system for solar cells and wafers.
CNOOC Limited (“the Company" or “CNOOC Ltd,” NYSE: CEO, SEHK: 883) is pleased to announce today that BZ 29-4, an independent oil field in the Bohai Bay, has commenced production successfully.
BZ 29-4 oil field, with an averaged water depth of about 22 meters, is located in the south part of Bohai Bay. The field’s development and production operation ... more
Aker Solutions has won a contract with Eni Norge for the design and supply of an on-vessel Pusnes mooring systemTM for the Goliat FPSO. The total contract value for Aker Solutions is approximately NOK 150 million.
The contract consists of 14 Pusnes fairlead chain stoppersTM and three moveable Pusnes windlassesTM ... more
Petrofac Limited announces that application has been made to the London Stock Exchange and the UK Listing Authority for an additional listing of 85,397 ordinary shares of US$0.02 each fully paid and ranking pari passu with the existing ordinary shares and issued as further contingent consideration in relation to Eclipse Petroleum Technology Limited ("Eclipse"). The Company acquired ... more
AWE Limited reports that as at 06:00 Yemen time (-7 hrs AEST) on 21 July, the Jebel Al Milh-1 well was at a depth of 3,360 metres and drilling ahead in 121/4” hole in the Meem Member of the Madbi Formation.
Elevated gas and oil shows have continued to be observed while drilling through this section. Progress for the week was 490 metres.
Jebel ... more
Tap Oil advises that the commencement of drilling of the Mawar-1 well in Block M, onshore Brunei, has been delayed until mid August. As is normal procedure, Tap has undertaken thorough testing of the rig components before the commencing operations. During this process some critical items were found to be defective. The rig contractor, MBCentury, is now in the process ... more
Ensco plc (NYSE: ESV) reported diluted earnings per share from continuing operations of $0.82 for second quarter 2010, compared to $1.55 per share in second quarter 2009. Earnings from discontinued operations were $0.07 per share in the second quarter, compared to a loss of $0.14 per share a year ago. Discontinued operations in second quarter 2010 included an $18 million pre-tax ... more
Key Points:
Drilling contract executed for Songa Venus to drill Artemis-1
Rig expected early to late November depending on present Shell drilling program
MEO Australia Limited (ASX:MEO) is pleased to advise that a rig assignment agreement has been executed between Shell Development (Australia) Proprietary ... more
Noble Corporation (NYSE: NE) announced today that its indirect wholly-owned subsidiary, Noble Holding International Limited ("NHIL"), has priced an offering of $1.25 billion aggregate principal amount of senior notes in three separate tranches, with $350 million of 3.45% senior notes due 2015, $500 million of 4.90% senior notes due 2020, and $400 million of 6.20% senior notes ... more
Scorpion Offshore Ltd ("Scorpion") has, as a consequence of the acquisition by Seadrill Limited ("Seadrill") of the majority of its shares, completed a refinancing of some of its outstanding loan agreements. This has been achieved through the completion of a one year US$500 million bridge facility with Nordea Bank Norge ASA. The funding has been used to refinance ... more
Avro Energy, Inc. (OTCBB:AVOE) is pleased to confirm that it used through the pipe well logging technology on its Weigel-Willis well in South Arkansas. The well logs were reviewed by an experienced well logging engineer who confirmed that there are four additional zones of interest in this well that also have good bonding behind the pipe. This is exciting news for the Company, ... more
GeoBio Energy, Inc. (Pink
Sheets:GBOE) ("GeoBio"), confirming its plan to become a significant player
in the oil and natural gas services sector, has firm schedules for its
previously announced acquisitions. The civil construction company operating
in the Piceance Creek Basin shale play area of Colorado is scheduled for
closing on or before September ... more
Breda, The Netherlands, 22 July, 2010. Dockwise Ltd. today announces four awards for Heavy Marine Transport (HMT) Projects that include an FPSO, two jack-up rigs and a power barge. Total revenues for these various commitments are almost $ 45 million.
Dockwise was awarded a contract with HHI (Hyundai Heavy Industries Co., LTD.) for the ... more
GENEVA, July 20, 2010 /PRNewswire via COMTEX/ --Weatherford International Ltd. (NYSE: WFT) today reported second quarter 2010 income of $80 million, or $0.11 per diluted share, excluding an after tax loss of $0.15 per diluted share. The excluded after tax loss was comprised of an $82 million non-cash charge for a fair value adjustment to the put option issued in connection with ... more
Songa Offshore SE is pleased to announce that the first of three optional wells has been declared by Shell Development (Australia) under the contract for Songa Venus. The well has further been assigned to MEO Australia Limited.
The well has an estimated duration of 30 days. Shell Development (Australia) continues to have the right to exercise up to two additional ... more
Wolf 1
Progress and Status:
Origin Energy, on behalf of the L11 Joint Venture, advises that Wolf 1 gas appraisal well spudded on 17 July using the Weatherford drilling rig 826. This well is being drilled to appraise the extent of the gas accumulation discovered by the Redback South 1 well, drilled in 2009.
At 06.00 hours ... more
A plan to build and deploy a rapid response system that will be available to capture and contain oil in the event of a potential future underwater well blowout in the deepwater Gulf of Mexico was announced today by Chevron, ConocoPhillips, ExxonMobil and Shell.
The new system will be flexible, adaptable and able to begin mobilization within 24 hours and can be used on ... more
The Department of Environmental Protection this week gave Cabot Oil & Gas Corp. 60 days to permanently fix the water supplies that were affected by the company's natural gas drilling operations in Dimock, Susquehanna County.
The directive is part of a modified consent order and agreement between the agency and the company that requires Cabot to continue providing ... more
Newfield Exploration Company (NYSE:NFX) today provided a detailed update on operations in its core operating regions. The update precedes the announcement of the Company's second quarter of 2010 financial results planned for after-market close on July 22. A conference call is planned ... more
Copano Energy, L.L.C. (NASDAQ: CPNO) today announced that it has issued $300 million of convertible preferred equity to an affiliate of TPG Capital, a leading global private investment firm. The Series A preferred units were priced at $29.05 per unit, a 10% premium to the 30-day volume weighted average price of Copano's common units as of July 19, 2010. The preferred units are ... more
Speaker Nancy Pelosi released the following statement today after the House passed two bills in response to the disastrous BP oil spill. The first - H.R. 2693, the Oil Pollution Research and Development Program Reauthorization - will strengthen research, development, and demonstration of innovative tools, methods, and technologies for oil spill cleanup. The second - H.R. 5716, ... more
Williams Partners L.P. (NYSE:WPZ) today announced that Northwest Pipeline GP is launching an open season to seek expressions of interest from shippers to participate in its new Opal Market Link project. Shippers can contract for long-term firm transportation service to move unprocessed ... more
DCP Midstream Partners, LP (NYSE:DPM) (the Partnership) today announced that it entered into an agreement with a subsidiary of UGI Corporation (NYSE:UGI) (UGI) to acquire Atlantic ... more
Chesapeake Midstream Partners, L.P., a Delaware master limited partnership, announced today that it has commenced an initial public offering of 21,250,000 common units representing limited partner interests pursuant to a registration statement on Form S-1 previously filed with the Securities and Exchange Commission. The underwriters will be granted a 30-day over-allotment option ... more
SM Energy Company (NYSE: SM) today announces Milam Randolph Pharo, the Company’s senior vice president and general counsel, has informed SM Energy of his intention to retire from the Company at the end of 2010.
Tony Best, President and CEO, commented, “I want to thank Randy for his many years of service to SM Energy, first as an outside attorney and for the ... more
-A plan to build and deploy a rapid response system that will be available to capture and contain oil in the event of a potential future underwater well blowout in the deepwater Gulf of Mexico was announced today by Chevron, ConocoPhillips, ExxonMobil and Shell.
“The creation and development of this sophisticated system will greatly enhance industry's ... more
Second graph, fourth sentence after the dash should read: consisting of 600,000 barrels of oil, 200,000 barrels of natural gas liquids (NGLs), and 700 million cubic feet (MMcf) of natural gas (sted consisting of 600 barrels of oil, 200,000 barrels of natural gas liquids (NGLs), and 700 million cubic feet (MMcf) of natural gas.)
The corrected release reads:
UNIT ... more
Florida Gas Transmission Company (FGT) and Williams Partners L.P. today announced that the Federal Energy Regulatory Commission (FERC) has approved a proposal to connect the existing FGT and Transco natural gas pipeline systems with the new Gulf LNG Clean Energy import terminal being developed near Pascagoula, Miss.
“The Pascagoula Expansion Project ... more
Further expanding its technology presence in India and the region, GE (NYSE: GE) has signed a 10-year licensing agreement with Bharat Heavy Electricals Limited (BHEL) of India.
“This agreement builds on our strategy of bringing world-class technology to the Indian marketplace. It strengthens GE’s ‘company to country’ approach by ... more
National Clean Fuels (Pink Sheets: NACF): Mr. Harry Alford, CEO of the National Black Chamber of Commerce, signaled today that he is working with NACF Management and publicly supporting the Company’s new direction to commit equipment for cleaning up the BP (NYSE: BP) Gulf oil spill. The National Black Chamber of Commerce more
Ricker Oil Co., based in Anderson, Ind., is posting its fuel prices to GasBuddy.com to keep motorists informed of its competitively priced fuel. Currently, Ricker uses PriceNet fuel price management and optimization system from KSS Fuels to establish its pricing strategy. Moving forward, the company will also use PriceNet to feed its latest fuel prices directly to the GasBuddy ... more
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Contango Oil & Gas Company (NYSE Amex: MCF) announced today that it will complete its wildcat exploration well (Rexer # 1) in south Texas. The Company has a 100% working interest and a 72.5% net revenue interest in this well, before payout. Production is expected to begin by the end of September 2010. The Company has invested approximately $2.0 million to drill this well ... more
OnForce Solar, Inc.®, (www.onforcesolar.com) a regional leader in the design, engineering and integration of solar energy systems ... more
BlueInGreen®, LLC has received funding through the Rapid Response Program at the more
OriginOil, Inc. (OOIL), the developer of a breakthrough technology to transform algae, the most promising source of more
The environmental watchdog is calling a draft environmental impact assessment for the project "inadequate"
German grid operator, transpower stromübertragungs gmbh has awarded subsea cable specialist, Offshore Marine Management (OMM) the contract to install the HVAC cables connecting the Bard Offshore 1 and BorWin alpha platforms for the BorWin1 project.
BorWin1 is the world’s largest offshore wind farm cluster, located off the coast of Germany, OMM’s role ... more
Eddy Sariaatmadja to take 51% stake in Swiber’s Indonesian subsidiary Singapore – June 21, 2010 – Swiber Holdings Limited (“Swiber” or together with its subsidiaries, the “Group”), a world class integrated construction and support services provider to the offshore industry, today announced a joint venture in Indonesia with prominent local ... more
Alamo Energy Corp.(OTCBB:ALME), is pleased to provide an update on the Valentine #1 Well, Ritchie County, West Virginia.
The recompletion of the Valentine #1 well drilled in 1981 targeted the upper shallow zones identified as the, 5th Sand formation from 2810' - 2714', Gordon sand from 2642' - 2528', 30 Foot Sand from 2348' - 2320', Gantz sand from 2294' - 2226' & ... more
Not all fuels are created equal. Some use more land than others
Oil sands, shale gas, oil shale, and coalbed methane (CBM) are the primary unconventional oil and gas resources in the world today. These resources are called unconventional as they are extracted, processed, and refined in a manner that is different from the conventional. Typically, unconventional resources are difficult-to-extract, expensive to refine, and have more impact on the ... more
Targa Resources Partners LP
(NYSE:NGLS) ("Targa Resources Partners" or the "Partnership") today
announced the execution of a new, five year $1,100 million senior secured
revolving credit facility ("credit facility") with a syndicate of banks led
by Banc of America Securities LLC, RBS Securities Inc. and Wells Fargo
Securities, LLC, as Joint Lead Arrangers, ... more
PECO, an electric and natural gas utility subsidiary of Exelon Corporation, has issued a Letter of Intent (LOI) to purchase the Sensus FlexNet(TM) ... more
Cano Petroleum, Inc. (NYSE Amex: CFW) today announces the initiation of a strategic alternatives process designed to achieve the best available values for Cano’s shareholders.
Cano further announces that it is evaluating financial advisors to assist the company in structuring and executing the strategic review process. In conjunction with this new endeavor, Cano ... more
Fears over the Gulf oil spill appear to have subsided for now as tighter oil and gas credit default swap (CDS) spreads show, according to Fitch Solutions in its latest weekly Risk and Performance Monitor (RPM).
Fugro N.V. today announced that it has entered into an agreement to purchase USD 20 million worth of senior secured bonds issued by Electromagnetic Geoservices ASA (EMGS).
Energas Resources, Inc. (OTCBB: EGSR) is pleased to announce that the drilling rig is now moving on to the Lake Devore Prospect location in Kiowa County, CO. Spudding of the well is expected to occur later this week.
Enviro Voraxial Technology, Inc. (OTCBB: EVTN) today announced that it has received a purchase order from Sublimax Canada Inc., a clean-tech company based in Toronto, Canada, to process and clean reclaimed oil from commercial and industrial use.
Petrodorado Energy Ltd. (”Petrodorado”) (TSX VENTURE:PDQ) and Loon Energy Corporation (”Loon”) (TSX VENTURE:LNE) are pleased to announce that they have entered into a non-binding letter of intent dated July 15, 2010 (the “Letter Agreement”), pursuant to which, subject to the entering into of a definitive agreement (the “Definitive Agreement”) and certain other conditions, the parties [...]
OGX Petróleo e Gás Participações S.A. (“OGX”) (Bovespa: OGXP3, OTC: OGXPY), the Brazilian oil and gas company conducting the largest private sector exploratory campaign in Brazil, announced today that it has identified an oil-bearing interval in the Albian section of well 1-OGX-15-RJS, located in the BM-C-41 block, in the shallow waters of the Campos Basin. [...]
Petroleum delivered its third consecutive annual production record following the successful delivery of a series of growth projects in the Gulf of Mexico (USA) and Australia. These contributed to continued growth in the high margin crude operations.
Concho Resources Inc. (NYSE: CXO) (“Concho” or the “Company”) today announced that it has entered into a definitive agreement to acquire all the oil and gas assets of Marbob Energy Corporation and certain affiliated entities (collectively “Marbob”) for $1.65 billion in cash and Concho securities. Marbob is a privately-held exploration and production company with substantially [...]
Western Energy Services Corp. (”Western”) (TSX.V) announces that it has entered into (through its wholly owned subsidiary
Horizon Drilling Inc.) a definitive arrangement agreement with Impact Drilling Ltd. (”Impact”), whereby Western will acquire all of the outstanding securities of Impact. The total transaction value of the Arrangement is approximately $19.4 million (including the acquisition of outstanding [...]
-IPD, a leading aftermarket provider of rebuild components for heavy-duty diesel and natural gas powered engines, announced today the launch of their new product line of replacement parts the Cummins® ISX and QSX on highway and industrial diesel engines. The initial offering will include components for in-frame rebuild, pistons, cylinder liners, bearings and gaskets kits [...]
Piedmont Natural Gas (NYSE:PNY) today announced the promotion of Brad Merlie to the position of Vice President of Information Services (IS). Mr. Merlie previously held the position of Managing Director - Engineering and Operations Services at the Company. In his new role, Mr. Merlie will be responsible for the Company’s IS infrastructure, information technology sourcing, [...]
Beach Energy Limited, through its wholly owned subsidiary Beach (USA) Inc. (Beach), has increased its exposure to the South Antelope oil prospect located in the Bakken Shale, North Dakota, USA.
Research and Markets (http://www.researchandmarkets.com/research/7b5bb7/global_flng_float) has announced the addition of the “Global FLNG (Floating LNG) Development and Outlook to 2015- The New investment Destination” report to their offering.
“Global FLNG (Floating LNG) Development and Outlook to 2015- The New investment Destination”
Base Oil & Gas Ltd.(”Base” or the “Company”) (TSX VENTURE: BOG) is pleased to announce that it intends to issue, on a non-brokered private placement basis (the “Private Placement”), up to 1,244,833 common shares of the Company on a “flow-through” basis under the Income Tax Act (Canada), at a price of $0.30 per share for [...]
Australian-Canadian Oil Royalties Ltd. (herein called ACOR) (OTCBB:AUCAF) is pleased to announce that ACOR’s 13.83% working interest under PEL 112, PEL 444 & ACOR’s ORRI under PEL 111 appear to be possibly located in the highly productive western rim of the Cooper/Eromanga Basin. This western rim of the basin has become a hotspot of successful [...]
Tap Oil Limited (“Tap”) is pleased to advise that the Operator of WA-290-P, Apache Northwest Pty Ltd (“Apache”) has indicated that operations on Zola-1 may commence as early as August, depending on the progress of the Stena Clyde’s (semi-submersible drilling rig) current activities. Once on location, drilling of Zola-1 is planned to take approximately 40-50 [...]
Mitsubishi (Mitsubishi Heavy Industries Ltd and Mitsubishi Power Systems Europe Ltd) and SSE (Scottish and Southern Energy plc) have entered into a strategic agreement to co-operate on low carbon energy developments.
Boralex Power Income Fund (the “Fund”) announced today that, following receipt of the favourable recommendation of a Special Committee of independent trustees, the Board of Trustees of Boralex Power Trust (the “Board”), on behalf of the Fund trustee, has unanimously determined (with non-independent trustees abstaining) that the improved offer announced by Boralex Inc. (”Boralex”) on [...]
Bluestar Silicones will present its Silicone Solutions for Solar Energy at the 25th European Photovoltaic Solar Energy Conference on booth A15 in hall 1.
Petrodorado Energy Ltd. ("Petrodorado") (TSX VENTURE:PDQ) and Loon Energy Corporation ("Loon") (TSX VENTURE:LNE) are pleased to announce that they have entered into a non-binding letter of intent dated July 15, 2010 (the "Letter Agreement"), pursuant to which, subject to the entering into of a definitive agreement (the "Definitive Agreement") and certain other conditions, the ... more
General Compression, Inc. (”GC”), a Massachusetts company developing an innovative compressed air energy storage system that burns no fuel when generating electricity, has been selected to receive up to $750,000 in the Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E GRIDS) funding program. The government grant will help accelerate the development of General Compression’s Advanced [...]
AT&T* continues to further its efforts in smart grid for utility companies with a new agreement with Petra Solar, a clean tech pioneer that combines solar generation and smart grid technology in a single system. AT&T will offer Petra Solar’s innovative technology, which allows utility companies to simultaneously address Renewable Portfolio Standard requirements and invest [...]
GoSolarUSA Inc. (PinkSheets: GSLO) announced today that Company Management and the Principles of PREE™ have signed the Definitive Agreements that define the participation between the two companies in the development, delivery and marketing of the new PREE™ product line. PREE™ owns a breakthrough technology that uses wireless internet signals and solar energy to keep Smartphones [...]
Borrego Solar Systems, Inc., a leading designer and installer of grid-tied commercial and public-sector solar electric power systems, today announced that it secured financing from U.S. Bank and East West Bank to finance an approximately $20 million solar energy project for the San Diego Community College District (SDCCD)—the first to be financed through Borrego Solar’s [...]
Record year for European offshore wind, UK leads the sector
· UK has half of newly installed European offshore wind farms in first half of 2010
· European total approaches 2.5 gigawatts, a threefold increase since 2006
BioSolar, Inc. (OTCBB: BSRC), developer of a breakthrough technology to produce bio-based materials from renewable plant sources that reduce the cost of photovoltaic (PV) solar modules, reports that rigorous testing by an independent authority reveals that BioBacksheet can actually improve the power output of solar panels by dissipating heat faster.
Constellation Energy (NYSE: CEG) today announced that its energy projects and services division is completing the development and construction of two comprehensive energy projects at federal correctional institutions in Fairton, N.J., and Petersburg, Va. Both projects combine energy and water conservation measures and also incorporate renewable technologies to reduce utility costs and improve sustainability of [...]
Beach Energy Limited, through its wholly owned subsidiary Beach (USA) Inc. (Beach), has increased its exposure to the South Antelope oil prospect located in the Bakken Shale, North Dakota, USA.
Beach has entered into a further agreement with Sundance Energy Inc. a wholly owned subsidiary of Sundance Energy Australia Limited (Sundance) ... more
Tap Oil Limited (“Tap”) is pleased to advise that the Operator of WA-290-P, Apache Northwest Pty Ltd (“Apache”) has indicated that operations on Zola-1 may commence as early as August, depending on the progress of the Stena Clyde’s (semi-submersible drilling rig) current activities. Once on location, drilling of Zola-1 is planned to take approximately ... more
- Petroleum delivered its third consecutive annual production record following the successful delivery of a series of growth projects in the Gulf of Mexico (USA) and Australia. These contributed to continued growth in the high margin crude operations.
- BHP Billiton operated Shenzi (USA) and Pyrenees (Australia) performed at or above ... more
BP announced today that that it has entered into several agreements to sell upstream assets in the United States, Canada and Egypt to Apache Corporation. The deals, together worth a total of $7 billion, comprise BP’s Permian Basin assets in Texas and south-east New Mexico, US; its Western Canadian upstream gas assets; and the Western Desert business concessions ... more
Fugro N.V. today announced that it has entered into an agreement to purchase USD 20 million worth of senior secured bonds issued by Electromagnetic Geoservices ASA (EMGS). This represents Fugro's continuing interest to establish marine electromagnetics as a valuable tool in oil and gas exploration. The callable bonds yielding quarterly coupons of LIBOR ... more
Western Energy Services Corp. ("Western") (TSX.V)
announces that it has entered into (through its wholly owned subsidiary
Horizon Drilling Inc.) a definitive arrangement agreement with Impact
Drilling Ltd. ("Impact"), whereby Western will acquire all of the
outstanding securities of Impact. The total transaction value of the
Arrangement is approximately ... more
Base Oil & Gas
Ltd.("Base" or the "Company") (TSX VENTURE: BOG) is pleased to announce that
it intends to issue, on a non-brokered private placement basis (the "Private
Placement"), up to 1,244,833 common shares of the Company on a
"flow-through" basis under the Income Tax Act (Canada), at a price of $0.30
per share for gross proceeds of up to approximately ... more
Enviro Voraxial Technology, Inc. (OTCBB: EVTN) today announced that it has received a purchase order from Sublimax Canada Inc., a clean-tech company based in Toronto, Canada, to process and clean reclaimed oil from commercial and industrial use.
EVTN's Voraxial® 1000 Separator will be used to efficiently separate and process the water and particulates from the ... more
Piedmont Natural Gas (NYSE:PNY) today announced the promotion of Brad Merlie to the position of Vice President of Information Services (IS). Mr. Merlie previously held the position of Managing Director - Engineering and Operations Services at the Company. In his new role, Mr. Merlie ... more
Australian-Canadian Oil Royalties Ltd. (herein called ACOR) (OTCBB:AUCAF) is pleased to announce that ACOR’s 13.83% ... more
OGX Petróleo e Gás Participações S.A. (“OGX”) (Bovespa: OGXP3, OTC: OGXPY), the Brazilian oil and gas company conducting the largest private sector exploratory campaign in Brazil, announced today that it has identified an oil-bearing interval in the Albian section of well 1-OGX-15-RJS, located in the BM-C-41 block, in the shallow ... more
Fears over the Gulf oil spill appear to have subsided for now as tighter oil and gas credit default swap (CDS) spreads show, according to Fitch Solutions in its latest weekly Risk and Performance Monitor (RPM).
Oil & gas companies led a 1.4% overall tightening of global CDS spreads, with spreads coming in 3.4%, more than for any other industry. 'Credit markets have ... more
Concho Resources Inc. (NYSE: CXO) (“Concho” or the “Company”) today announced that it has entered into a definitive agreement to acquire all the oil and gas assets of Marbob Energy Corporation and certain affiliated entities (collectively “Marbob”) for $1.65 billion in cash and Concho securities. Marbob is a privately-held exploration and production ... more
Energas Resources, Inc. (OTCBB: EGSR) is pleased to announce that the drilling rig is now moving on to the Lake Devore Prospect location in Kiowa County, CO. Spudding of the well is expected to occur later this week.
This 1280 acre prospect lies within a complex of Morrow oil fields known as the Stateline Trend along the Colorado – Kansas border. The company plans ... more
AO is going monthly. In August we bring you a report on the Far East and human resources
July 20,2010 -- The latest stage of South West Regional Development Agency's Wave Hub project is under way as the hub and its 25-km cable are loaded onto a cable laying ship ready for deployment offshore in the next few weeks, South West RDA reported. ....
Marathon Oil Corporation (NYSE: MRO) today announced that the Company's second quarter 2010 financial results conference call will be webcast on the Marathon Oil Corporation website on Tuesday, Aug. 3, at 2 p.m. EDT. The call may include forward-looking information.
Howard J. Thill, Marathon vice president, Investor Relations and Public Affairs, will host the call. Also ... more
RANGE RESOURCES CORPORATION (NYSE: RRC) today announced that its second quarter news release will be issued Monday, July 26 after the close of trading on the New York Stock Exchange.
A conference call to review the second quarter financial results is scheduled on Tuesday, July 27 at 1:00 p.m. ET. To participate in the call, please dial 877-407-8031 ... more
GeoBio Energy, Inc. , confirming its plan to become a significant player in the oil and natural gas services sector, has firm schedules for its previously announced acquisitions. The civil construction company operating in the Piceance Creek Basin shale play area of Colorado is scheduled for closing on or before September 15, 2010. H&M Precision Products ... more
Primeline Energy Holdings Inc. ("Primeline" or the "Company") (TSX VENTURE:PEH) is pleased to announce that China National Offshore Oil Corporation ("CNOOC") has signed a Framework Agreement ("Framework Agreement") for the sale and purchase of natural gas from the LS 36-1 gas field with Zhejiang Natural Gas Development Co. Ltd. ("Zhejiang Gas").
Previously, CNOOC and ... more
Emerge Oil & Gas Inc. ("Emerge" or the "Company") (TSX:EME) is pleased to announce that it has entered into a farm-in agreement (the "Agreement") with a private oil and gas company that will allow Emerge to earn an interest in certain lands in Saskatchewan. The farm-in lands are in close proximity to the Company's existing acreage and operations in the Greater Lloydminster ... more
Lucas Energy, Inc. (NYSE
Amex:LEI), an independent oil and gas company (the "Company") based in
Houston, Texas, today announced that the Company has acquired a producing
240 acre lease in Wilson County, Texas along the Eagle Ford trend. There are
two wells on the lease producing from the Austin Chalk formation. Lucas
acquired the lease from a privately ... more
Evolution Petroleum Corporation (NYSE Amex: EPM) announced today that it has entered into a joint venture with an industry partner to drill up to five horizontal development wells in the Giddings Field in central Texas.
Lucas Energy, Inc., an independent oil and gas company based in Houston, Texas, today announced that the Company has acquired a producing 240 acre lease in Wilson County, Texas along the Eagle Ford trend. There are two wells on the lease producing from the Austin Chalk formation. Lucas acquired the lease from a privately owned [...]
Petroceltic International plc (PCI.L) (”Petroceltic” or “the Company”), the independent oil & gas exploration company focussed on the Middle East, North Africa and Mediterranean is pleased to announce the commencement of drilling operations for the exploration well Oryx-1 on the Ksar Hadada Permit in Tunisia. Petroceltic holds a 27.03% interest and is the operator of [...]
American Petro-Hunter, Inc. (”American Petro-Hunter” or the “Company”) is today pleased to report that completion of the No. 3 Well at the North Oklahoma Project is ongoing.
As part of a multi-year agreement, ExxonMobil will manufacture and supply Caterpillar® branded lubricants to Caterpillar factories and dealers worldwide. With this agreement, ExxonMobil continues as the exclusive worldwide supplier for 33 Caterpillar® lubricants used in engines, transmissions, hydraulics and final drives.
Empire Petroleum Corporation (OTCBB: EMPR), a Tulsa, Oklahoma based company, announced that it has commenced drilling operations on its Empire Paradise Unit 2-12 test well in Nye County, Nevada. The Company said it plans to drill this well to about 6,500 feet. The primary formation of interest is the Triassic. The Company feels this formation [...]
Petroceltic International plc (PCI.L) (”Petroceltic” or “the Company”), the independent oil & gas exploration company focused on the Middle East, North Africa and Mediterranean region, today announces that due to continued uncertainty regarding the application of the proposed decree to restrict drilling in the Italian seas, Petroceltic Italia S.r.l. has lodged an application with the [...]
Leaders from the American Council of Engineering Companies (ACEC)—the largest association representing U.S. engineering firms—will tour the Gulf of Mexico oil spill site off the coast of Louisiana this week to consider options on how to accelerate cleanup efforts.
Patterson-UTI Energy, Inc. (Nasdaq: PTEN) will hold its conference call to discuss second quarter results on Thursday, July 29, 2010, at 10:00 a.m. Eastern Time (9:00 a.m. Central Time and 7:00 a.m. Pacific Time).
The oil production of TNK-BP enterprises in Orenburg in H1 2010 exceeded 9.7 mln tons, which is 100.2% of the planned oil production volume and is 9.8% higher than in the same period of 2009.
Chevron Corporation (NYSE: CVX) announced today that its Australian subsidiaries signed a Heads of Agreement (HOA) with Korea Gas Corporation (KOGAS) for the delivery of liquefied natural gas (LNG) from the Chevron-operated Wheatstone natural gas project in Australia.
Apache Corporation (NYSE, Nasdaq: APA) today announced that its subsidiary – together with a subsidiary of Kuwait Foreign Petroleum Exploration Co. k.s.c. (KUFPEC) – has signed Heads of Agreement (HoAs) for the purchase of liquefied natural gas (LNG) from the Wheatstone LNG project in Australia and an equity stake in the project by Korea Gas [...]
Central Petroleum Limited (ASX:CTP) (“Central”), as Operator, advises that in respect to the drilling of Ooraminna 2, the well continues to flare gas but no new zones have been encountered since the last report. Delays to the progression of the planned drilling programme have been suffered due to blockages in downhole air hammer equipment. These [...]
IROC Energy Services Corp. (”IROC” or the “Corporation”) (TSX Venture Exchange: “ISC”) announces the purchase of the
assets and business of Trust Energy Services Corp. (”Trust”) for initial cash consideration of $1,500,000 plus an additional $650,000 released over 5 years subject to certain conditions being met, for total consideration of $2,150,000. Trust is an Alberta based [...]
According to a new long-term market forecast just released from BENTEK Energy, LLC, the U.S. can expect to see continued relatively low natural gas prices averaging approximately $5.00 Million British Thermal Units (MMbtu) over the next five years – at least 18% lower than the average price currently reflected in the NYMEX futures strip.
Proper Power & Energy, Inc. (OTC:PPWE) (BULLETIN BOARD: PPWE) announced today that a meeting will be held at the offices of Proper Power & Energy to discuss the Company’s progress as it relates to a recent initiative set forth for financing its projects in Utah. This will be the second round of meetings in the [...]
Petrobras announces its June 2010 production and the average production of 2010.
In June 2010, the average total oil, NGL and natural gas production, including international production was 2,563 thousand barrels of oil equivalent per day (boed), compared with 2,599 thousand boed in the previous month.
Research and Markets (http://www.researchandmarkets.com/research/9c1a68/lng_high_value_pac) has announced the addition of the “LNG High Value Pack” report to their offering.
“Global FLNG (Floating LNG) Development and Outlook to 2015 - The new investment Destination”
Leading international subsea engineering companies, J P Kenny and MCS Kenny, part of Wood Group, alongside Nigerian engineering company Dover Engineering, are completing the first comprehensive Front End Engineering Design (FEED) undertaken locally in Nigeria for the Total Egina Field development in deepwater, offshore Nigeria.
Sun River Energy, Inc. (OTC Bulletin Board: SNRV) announces today that it has entered into a Share Purchase Agreement and an Acquisition Agreement. Both agreements have a proposed effective closing date of August 1, 2010.
IROC Energy Services Corp. ("IROC" or the
"Corporation") (TSX Venture Exchange: "ISC") announces the purchase of the
assets and business of Trust Energy Services Corp. ("Trust") for initial
cash consideration of $1,500,000 plus an additional $650,000 released over
5 years subject to certain conditions being met, for total consideration of
$2,150,000. ... more
Wärtsilä, a leading global supplier of decentralised power plant solutions, has been awarded the contract to supply the power generating equipment and associated engineering for the power generation of the Cabin Gas Plant Power Generation Project in British Columbia, Canada.
Quantum Fuel Systems Technologies Worldwide, Inc. (”Quantum”) (Nasdaq:QTWW - News) announced today that it has received a contract for engineering and implementing production tooling for the Fisker Karma solar photovoltaic roof module. Under this contract Quantum and its German solar affiliate Asola Advanced and Automotive Solar Systems GmbH (”Asola”) will design and procure production tooling [...]
Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world’s leading clean technology manufacturer of microturbine energy systems, has named Granada Green Energy as a second distributor in Pakistan.
Gestamp Biomass, a division of Gestamp Renewables, and Clean Power Development, LLC today announced the signing of an agreement under which they will work together to develop, finance and operate biomass energy projects across the Northeast region of the United States.
Research and Markets (http://www.researchandmarkets.com/research/09615c/analyzing_the_offs) has announced the addition of the “Analyzing the Offshore Wind Power Market in EU” report to their offering.
“Analyzing the Offshore Wind Power Market in EU”
Research and Markets (http://www.researchandmarkets.com/research/ec3187/renewable_energy_i) has announced the addition of the “Renewable Energy Investment in India, China and Brazil” report to their offering.
“Renewable Energy Investment in India, China and Brazil”
Veolia Energy North America, a leading operator and developer of sustainable energy systems, announced today that the company has received multiple award recognitions at the International District Energy Association’s (IDEA) 101st Annual Conference and Trade Show in Indianapolis, IN. Veolia Energy placed in the top spots in two categories: “Most Total Buildings Committed” and “Most [...]
GE (NYSE: GE) has signed a service alliance with the Tennessee Valley Authority (TVA), the nation’s largest public power provider, covering four TVA power plants and valued at $116 million over the next five years. The alliance will help TVA meet its strategic needs by ensuring the long-term reliability, efficiency and cost-effective operation of its [...]
Premier Power Renewable Energy, Inc. (OTCBB:PPRW), a global leader in the development, design, engineering, and construction of solar power systems for commercial, government, and utility markets in the United States and Europe, announced today it will build 1.9 megawatts (MW) of solar electric generating capacity in greater Los Angeles at two locations for sportlifestyle leader PUMA [...]
Research and Markets (http://www.researchandmarkets.com/research/39d213/geothermal_energy) has announced the addition of John Wiley and Sons Ltd’s new book “Geothermal Energy Systems: Exploration, Development, and Utilization” to their offering.
Petroceltic International plc (PCI.L) ("Petroceltic" or "the Company"), the independent oil & gas exploration company focussed on the Middle East, North Africa and Mediterranean is pleased to announce the commencement of drilling operations for the exploration well Oryx-1 on the Ksar Hadada Permit in Tunisia. Petroceltic holds a 27.03% interest and is the operator ... more
The oil production of TNK-BP enterprises in Orenburg in H1 2010 exceeded 9.7 mln tons, which is 100.2% of the planned oil production volume and is 9.8% higher than in the same period of 2009.
Gas production in January–June 2010 exceeded 1.2 bln cubic meters, which is 3% higher than ... more
Salamander Energy plc, the Asia focussed independent oil and gas exploration and production company, today announces that its subsidiary, Salamander Bualuang, has reached agreement with SOCO International to purchase SOCO Thailand, LLC. SOCO Thailand, LLC owns SOCO Thailand, which holds a 40% interest in the B8/38 licence in the Gulf of Thailand.
Salamander ... more
Central Petroleum Limited (ASX:CTP) (“Central”), as Operator, advises that in respect to the drilling of Ooraminna 2, the well continues to flare gas but no new zones have been encountered since the last report. Delays to the progression of the planned drilling programme have been suffered due to blockages in downhole air hammer equipment. These ... more
As part of a multi-year agreement, ExxonMobil will manufacture and supply Caterpillar® branded lubricants to Caterpillar factories and dealers ... more
Sun River Energy, Inc. (OTC Bulletin Board: SNRV) announces today that it has entered into a Share Purchase Agreement and an Acquisition Agreement. Both agreements have a proposed effective closing date of August 1, 2010.
The Share Purchase Agreement is to acquire all of the outstanding shares of PC Operating Texas Inc., full-service oil and gas operating company ... more
Noble Corporation (NYSE: NE) today reported second quarter 2010 earnings of $218 million, or $0.85 per diluted share, versus $392 million, or $1.49 per diluted share, for the second quarter of last year. Results for the quarter include approximately $0.06 per share due to a higher than anticipated effective tax rate of 19 percent versus 13 percent in the first quarter 2010 which ... more
Petrobras announces its June 2010 production and the average production of 2010.
In June 2010, the average total oil, NGL and natural gas production, including international production was 2,563 thousand barrels of oil equivalent per day (boed), compared with 2,599 thousand boed in the previous month.
Oil and NGL production in Brazil reached 1,978 ... more
Lucas Energy, Inc., an independent oil and gas company based in Houston, Texas, today announced that the Company has acquired a producing 240 acre lease in Wilson County, Texas along the Eagle Ford trend. There are two wells on the lease producing from the Austin Chalk formation. Lucas acquired the lease from a privately owned oil and gas company in the ... more
Patterson-UTI Energy, Inc. (Nasdaq: PTEN) will hold its conference call to discuss second quarter results on Thursday, July 29, 2010, at 10:00 a.m. Eastern Time (9:00 a.m. Central Time and 7:00 a.m. Pacific Time).
This call is being webcast and can be accessed through Patterson-UTI's web site at www.patenergy.com in the Investors ... more
Marathon Oil Corporation (NYSE: MRO) announced today that its Droshky development in the deepwater Gulf of Mexico has begun production on time and under budget. Marathon owns a 100 percent working interest in Droshky, which is expected to produce approximately 50,000 net barrels of oil equivalent per day at its peak, consisting of approximately 45,000 barrels ... more
American Petro-Hunter, Inc. ("American Petro-Hunter" or the "Company") is today pleased to report that completion of the No. 3 Well at the North Oklahoma Project is ongoing.
The Oklahoma well has been drilled to depth and casing set. A perforation of the 40 foot pay zone has been completed and the well is now undergoing acidization of the zone. As ... more
Apache Corporation (NYSE, Nasdaq: APA) today announced that its subsidiary – together with a subsidiary of Kuwait Foreign Petroleum Exploration Co. k.s.c. (KUFPEC) – has signed Heads of Agreement (HoAs) for the purchase of liquefied natural gas (LNG) ... more
John Wood Group PLC has added a news release to its Investor Relations website.
Title: J P Kenny & MCS Kenny complete first full Subsea FEED in Nigeria
Date(s): 20-Jul-2010
For a complete listing of our news releases, please click here
Leading ... more
BP has announced that it has signed a new agreement with the Egyptian Ministry of Petroleum and the Egyptian General Petroleum Corporation to develop the significant hydrocarbon resources in the North Alexandria and West Mediterranean Deepwater concessions.
Production from the West Nile Delta development is projected to reach up to 1 billion cubic feet ... more
Proper Power & Energy, Inc. (OTC:PPWE) (BULLETIN BOARD: PPWE) announced today that a meeting will be held at the offices of Proper Power & Energy to discuss the Company's progress as it relates to a recent initiative set forth for financing its ... more
Evolution Petroleum Corporation (NYSE Amex: EPM) announced today that it has entered into a joint venture with an industry partner to drill up to five horizontal development wells in the Giddings Field in central Texas.
The wells to be drilled are from Evolution's portfolio of proved and probable locations and target the naturally fractured Austin Chalk and Georgetown ... more
Leaders from the American Council of Engineering Companies (ACEC)—the largest association representing U.S. engineering firms—will tour the Gulf of Mexico oil spill site off the coast of Louisiana this week to consider options on how to accelerate cleanup efforts.
ACEC is the business association of America’s engineering industry, representing more ... more
A White Paper, released today by Energy Vision, documents that the millions of trucks and buses on US roadways are the best starting point for ending the widely acknowledged dangers of U.S. transportation’s dependence on oil. It describes a practical strategy for moving these medium and heavy duty vehicles toward sustainable fuel and identifies pending legislation for driving ... more
Chevron Corporation (NYSE: CVX) announced today that its Australian subsidiaries signed a Heads of Agreement (HOA) with Korea Gas Corporation (KOGAS) for the delivery of liquefied natural gas (LNG) from the Chevron-operated Wheatstone natural gas project in Australia.
“The Wheatstone hub at Ashburton North has been established to process our significant ... more
Empire Petroleum Corporation (OTCBB: EMPR), a Tulsa, Oklahoma based company, announced that it has commenced drilling operations on its Empire Paradise Unit 2-12 test well in Nye County, Nevada. The Company said it plans to drill this well to about 6,500 feet. The primary formation of interest is the Triassic. The Company feels this formation is the likely source for the oil ... more
According to a new long-term market forecast just released from BENTEK Energy, LLC, the U.S. can expect to see continued relatively low natural gas prices averaging approximately $5.00 Million British Thermal Units (MMbtu) over the next five years – at least 18% lower than the average price currently reflected in the NYMEX futures strip.
“We ... more
July 19,2010 -- Russian hydropower generator Irkutskenergo plans to invest about 1 billion rubles (US$32.7 million) in the upgrade of the Ust-Ilimskaya hydropower plant in the Irkutsk Region by 2014, wire services reported. ....
The US official in charge of the Gulf of Mexico oil clean-up, retired Coast Guard Adm Thad Allen, says he has authorised BP to keep the cap on its damaged well shut for another 24 hours.
The firm has pledged to monitor the sea floor for signs of a new leak closely. Earlier, Adm Allen said that if methane ... more
LNG to be Supplied for up to 20 Years
Chevron Corporation (NYSE: CVX) announced today that its Australian subsidiaries signed a Heads of Agreement (HOA) with Korea Gas Corporation (KOGAS) for the delivery of liquefied natural gas (LNG) from the Chevron-operated Wheatstone natural gas project in Australia.
Under ... more
Sasol announces the award of a joint application with Statoil ASA and Chesapeake Energy Corporation for an onshore petroleum Technical Cooperation Permit in South Africa
Sasol, through Sasol Petroleum International Pty Limited (SPI) the wholly owned upstream oil and gas subsidiary of Sasol Limited, today announced the successful award of a joint ... more
To improve the system of relationships with contractors and make the activities of the company more transparent, the management of TNK-BP decided to create a Council for interaction with suppliers and contractors. TNK-BP is one of the major players on the Russian market of goods and services with an annual contracting budget of approximately 180 billion rubles. The council will ... more
Reference is made to Seadrill Limited's mandatory offer to purchase all outstanding shares in Scorpion Offshore Ltd. at NOK40.50 per share that expired on Friday, July 16, 2010. Seadrill has received acceptances for a total of 43,760,355 shares equaling approximately 48.7 percent of the total number of outstanding shares and votes in Scorpion Offshore Ltd. As such, Seadrill ... more
Santos today announced it has executed a A$2 billion bilateral bank loan facility. This new facility will be used to refinance Santos’ existing A$700 million of undrawn bilateral bank facilities that mature between 2011 and 2013 and to increase liquidity.
Santos Executive Vice President and Chief Financial Officer Peter Wasow said the refinancing of these ... more
Dubai, July 17, 2010: Following a series of recent negotiations in Yokohama, Japan, Ducab—one of the leading manufacturers of power & special cables in the Middle East—has announced winning its second contract to work on Abu Dhabi's Integrated Gas Development (IGD) Project, raising the company’s total order for GASCO’s Habshan ... more
According to a new long-term market forecast just released from BENTEK Energy, LLC, the U.S. can expect to see continued relatively low natural gas prices averaging approximately $5.00 Million British Thermal Units (MMbtu) over the next five years – at least 18% lower than the average price currently reflected in the NYMEX futures strip.
“We ... more
Evolution Petroleum Corporation (NYSE Amex: EPM) announced today that it has entered into a joint venture with an industry partner to drill up to five horizontal development wells in the Giddings Field in central Texas.
The wells to be drilled are from Evolution's portfolio of proved and probable locations and target the naturally fractured Austin Chalk and Georgetown ... more
IROC Energy Services Corp. ("IROC" or the
"Corporation") (TSX Venture Exchange: "ISC") announces the purchase of the assets and business of Trust Energy Services Corp. ("Trust") for initial cash consideration of $1,500,000 plus an additional $650,000 released over
5 years subject to certain conditions ... more
Canacol Energy Ltd. ("Canacol" or the "Corporation") (TSX VENTURE:CNE) announced today that is has closed its previously announced bought deal short form prospectus offering with a syndicate of underwriters (the "Underwriters") led by Canaccord Genuity Corp. and including FirstEnergy Capital Corp., Cormark Securities Inc., Citigroup Global Markets Canada Inc. and Mackie Research ... more
Primeline Energy Holdings Inc. ("Primeline" or the "Company") (TSX VENTURE:PEH) is pleased to announce that China National Offshore Oil Corporation ("CNOOC") has signed a Framework Agreement ("Framework Agreement") for the sale and purchase of natural gas from the LS 36-1 gas field with Zhejiang Natural Gas Development Co. Ltd. ("Zhejiang Gas").
Previously, CNOOC and ... more
BP has announced that it has signed a new agreement with the Egyptian Ministry of Petroleum and the Egyptian General Petroleum Corporation to develop the significant hydrocarbon resources in the North Alexandria and West Mediterranean Deepwater concessions.
Seadrill informs that the ultra-deepwater semi-submersible rig West Orion has commenced drilling operations for Petroleo Brasileiro S.A - Petrobras offshore Brazil. West Orion, which was delivered from Jurong Shipyard in Singapore on April 20 this year, arrived offshore Brazil in early July and has since the been preparing for start-up of operations. West Orion is [...]
BP has announced that it has signed a new agreement with the Egyptian Ministry of Petroleum and the Egyptian General Petroleum Corporation to develop the significant hydrocarbon resources in the North Alexandria and West Mediterranean Deepwater concessions.
Production from the West Nile Delta development is projected to reach up to 1 billion ... more
Seadrill informs that the ultra-deepwater semi-submersible rig West Orion has commenced drilling operations for Petroleo Brasileiro S.A - Petrobras offshore Brazil. West Orion, which was delivered from Jurong Shipyard in Singapore on April 20 this year, arrived offshore Brazil in early July and has since the been preparing for start-up of operations. West Orion is chartered to ... more
Houston American Energy Corp. (NASDAQ:HUSA) , today announced that it has been authorized to list its shares of common stock on the NYSE Amex stock exchange. Houston American anticipates that its common stock will begin trading on the NYSE Amex on July 27, 2010 under its current symbol “HUSA.” Until that time, Houston American’s common [...]
VAALCO Energy, Inc. (NYSE:EGY) today provided an update on the Southeast Etame No. 1 (”ETSEM-1″) exploration well which, as previously announced, was drilled to a total depth of 9,045 feet (2,757 meters) offshore Gabon encountering approximately sixteen feet (five meters) of Gamba sandstone section which logged oil full to base.
AWE Limited advises that at 0600 hours today (NZ time) the Kahu-1 exploration well was starting plug and abandonment operations. Wireline logs were acquired after reaching a total measured depth of 3,835 metres. No significant hydrocarbons were detected within the target sandstone reservoirs.
BP today provided an update on developments in the response to the MC252 oil well incident in the Gulf of Mexico.
Subsea Source Control and Containment
BP continues to work cooperatively with the guidance and approval of the National Incident Commander and the leadership and direction of federal government including the Department of Energy, Department [...]
LyondellBasell today announced that Milton Carroll, Bruce A. Smith and Rudy van der Meer have been named to the company's Supervisory Board. In addition, Marvin O. Schlanger has been named Chairman of the Board.
LyondellBasell's Supervisory Board currently includes Joshua J. Harris, Philip Kassin, Scott M. Kleinman, Jeffrey S. Serota and Marvin Schlanger.
"The ... more
Halliburton (NYSE: HAL) announced that its board of directors has declared a 2010 third quarter dividend of nine cents ($0.09) a share on the company’s common stock payable September 21, 2010 to shareholders of record at the close of business on September 1, 2010.
The US fears oil may be seeping from the ocean floor near the stricken Gulf of Mexico oil well.
Houston American Energy Corp. (NASDAQ:HUSA) , today announced that it has been authorized to list its shares of common stock on the NYSE Amex stock exchange. Houston American anticipates that its common stock will begin trading on the NYSE Amex on July 27, 2010 under its current ... more
Tulsa based BlueStone Natural Resources, LLC has closed on 4 significant transactions with another transaction pending, more than doubling its net production and reserves. With this activity, BlueStone has increased its net production to near 20 MMCFD and net proved reserves to over 100 BCFE.
Gulf Keystone announces the arrival of the initial loads of production facility equipment to the Shaikan field location and the commencement of the rig move by the AOS Discover-1 drilling rig to the Sheikh Adi-1 exploration well site.
Reference is made to the announcement dated July 12 regarding a bond of USD 200 million to be issued by Sevan Marine ASA. The bond was completed on Friday July 16 and was oversubscribed. It was placed with Norwegian and international professional investors. The bond will have a term of 5 years and will carry [...]
VAALCO Energy, Inc. (NYSE:EGY) today provided an update on the Southeast Etame No. 1 ("ETSEM-1") exploration well which, as previously announced, was drilled to a total depth of 9,045 feet (2,757 meters) offshore Gabon encountering approximately sixteen feet (five meters) of Gamba ... more
Rocksource ASA today announces that Ophir Energy plc, the Operator of the AGC Profond PSC, has agreed a rig contract for the deepwater semi-submersible Maersk Deliverer to drill the first exploration well on the block. Based on the current operational schedule the Maersk Deliverer will arrive on location during Q1 2011.
TGS announced acquisition commencement of 15,000 km of multi-client 2D seismic data off the northwest coast of Greenland in Baffin Bay.
Hercules Offshore, Inc. (Nasdaq: HERO) announced that it has scheduled a conference call to discuss its second quarter 2010 financial results on August 3, 2010. The call will take place at 10:00 a.m. CDT (11:00 a.m. EDT). The financial results are scheduled to be released publicly prior to market opening in the United States on [...]
Domestic oil and gas producer American Resource Technologies, Inc. (OTC: ARUR) announces two more wells being placed in production. Visit the corporate web site, http://www.arur.us, for photos and more information.
Southern Union Company (NYSE: SUG) will report earnings for the quarter ended June 30, 2010, before the market opens on Thursday, August 5, 2010. At 9:00 a.m. Eastern time that day, Southern Union will also host an investor call and webcast to discuss results and outlook.
The world’s first ultrahigh-voltage power superhighway starts commercial operation in China
ABB, the leading power and automation technology group, has achieved another significant milestone with the commissioning of the Xiangjiaba-Shanghai project, the world’s first UHVDC (ultrahigh-voltage direct current) transmission link to go into commercial operation. ABB was the main technology supplier to State Grid Corporation of [...]
Following the recent BorWin2 record project, this new award reconfirms Prysmian’s know-how and market leadership in the fast-growing business of windfarms connections and HVDC cable technology.
Prysmian, a leading worldwide player in the energy and telecommunications cables industry, has been awarded a project worth in excess of € 150 million by the German transmission system operator [...]
The Local Authorities along the east of Scotland are exploring the creation of an alliance that will bring together key players from Peterhead to Dunbar to promote what could become one of the main areas for renewable energy development in Scotland.
A guard vessel is now in operation on the Sheringham Shoal Offshore Wind Farm to ensure the safety of marine traffic around the foundation installation sites and along the export cable corridor.
EnerSys (NYSE:ENS) , the world’s largest manufacturer, marketer, and distributor of industrial batteries, today announced the appointment of a new member to its Board of Directors. Seifi Ghasemi accepted the appointment to join the Board on July 12, 2010.
Solazyme, Inc. is helping the U.S. military move closer to powering its planes, ships, tanks and trucks on renewable fuel and has delivered of 1,500 gallons of 100% algae-based jet fuel for the U.S. Navy’s testing and certification program. The U.S. Navy has previously announced the objective to operate at least 50% of its fleet [...]
Lew Hay, chairman and CEO of NextEra Energy, North America’s No. 1 producer of renewable energy from wind and solar power, will participate in the first-ever Clean Energy Ministerial on July 20 in Washington, D.C. The event, hosted by U.S. Energy Secretary Steven Chu, will bring together energy ministers and stakeholders from more than 20 [...]
TUI EXPLORATION DRILLING UPDATE – KAHU-1
The Operator, AWE Limited, advised that at 0600 hours today (NZ time) plug and
abandonment operations were starting at the Kahu-1 exploration well. Wireline
logs were acquired after reaching a total measured depth of 3,835 metres. No
significant hydrocarbons were detected within the target sandstone reservoirs.
The ... more
Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its Global Power Group has been awarded a contract by Polimex-Mostostal S.A. for the design, supply and erection of a 50 MWe (gross megawatt electric) circulating fluidized-bed (CFB) boiler island for the Bielsko-Biała Heat and Power Station in Poland, which is owned by Południowy [...]
BP today provided an update on developments in the response to the MC252 oil well incident in the Gulf of Mexico.
Subsea Source Control and Containment
BP continues to work cooperatively with the guidance and approval of the National Incident Commander and the leadership and direction of federal government including the ... more
AWE Limited advises that at 0600 hours today (NZ time) the Kahu-1 exploration well was starting plug and abandonment operations. Wireline logs were acquired after reaching a total measured depth of 3,835 metres. No significant hydrocarbons were detected within the target sandstone reservoirs.
The Kahu-1 well was an exploration well within PMP 38158, located approximately ... more
Halliburton (NYSE: HAL) announced that its board of directors has declared a 2010 third quarter dividend of nine cents ($0.09) a share on the company's common stock payable September 21, 2010 to shareholders of record at the close of business on September 1, 2010.
Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy ... more
The US fears oil may be seeping from the ocean floor near the stricken Gulf of Mexico oil well.
The official in charge of the clean-up, Thad Allen, said if a substance leaking from the seabed was found to be methane this might mean oil was also leaking.
In the event the seepage was confirmed, he ordered BP to submit a plan to reopen the capped ... more
Tulsa based BlueStone Natural Resources, LLC has closed on 4 significant transactions with another transaction pending, more than doubling its net production and reserves. With this activity, BlueStone has increased its net production to near 20 MMCFD and net proved reserves to over 100 BCFE.
The properties are located in South Texas and are nearly 100% operated. ... more
Gulf Keystone announces the arrival of the initial loads of production facility equipment to the Shaikan field location and the commencement of the rig move by the AOS Discover-1 drilling rig to the Sheikh Adi-1 exploration well site.
The first pre-packaged production equipment units have arrived at the production facility ... more
Reference is made to the announcement dated July 12 regarding a bond of USD 200 million to be issued by Sevan Marine ASA. The bond was completed on Friday July 16 and was oversubscribed. It was placed with Norwegian and international professional investors. The bond will have a term of 5 years and will carry an interest rate of 12.00% (USD tranche) /13.25% (NOK ... more
Rocksource ASA today announces that Ophir Energy plc, the Operator of the AGC Profond PSC, has agreed a rig contract for the deepwater semi-submersible Maersk Deliverer to drill the first exploration well on the block. Based on the current operational schedule the Maersk Deliverer will arrive on location during Q1 2011.
The well ... more
TGS announced acquisition commencement of 15,000 km of multi-client 2D seismic more
AWE Limited advises that at 0600 hours today (NZ time) the Kahu-1 exploration well was starting plug and abandonment operations. Wireline logs were acquired after reaching a total measured depth of 3,835 metres. No significant hydrocarbons were detected within the target sandstone reservoirs.
The Kahu-1 well was an exploration well within PMP ... more
Hercules Offshore, Inc. (Nasdaq: HERO) announced that it has scheduled a conference call to discuss its second quarter 2010 financial results on August 3, 2010. The call will take place at 10:00 a.m. CDT (11:00 a.m. EDT). The financial results are scheduled to be released publicly prior to market opening in the United States on that same day.
To participate in the conference ... more
Dril-Quip, Inc. (NYSE: DRQ) today announced that it has been awarded a contract valued at approximately US $100 million by FloaTEC de Mexico S.A. de C.V. to supply drilling and production equipment for the P-61 Tension Leg Wellhead Platform (TLWP) to be installed in the Papa Terra field located in the Campos Basin offshore Brazil. The value of the contract will be included in ... more
ARC Energy Trust (the "Trust" or "ARC") announces that the cash distribution
to be paid on August 16, 2010, in respect of the July 2010 production, for
unitholders of record on July 30, 2010, will be $0.10 per trust unit. The
ex-distribution date is July 28, 2010.
As at July 16, 2010 the Trust's trailing twelve-month cash distributions,
including ... more
U.S. Secretary of Energy Steven Chu has appointed John Harju, Associate Director for Research at the University of North Dakota more
National Clean Fuels (PinkSheets:NACF) announced today that Management of the Company begins meeting Monday with candidates to augment the Company’s move in retooling for Gulf oil spill clean-up efforts. NACF will be looking to place a qualified Oceanographer and an accomplished Environmentalist with the Company. Management believes that these additions will expand NACF’s ... more
Domestic oil and gas producer American Resource Technologies, Inc. (OTC: ARUR) announces two more wells being placed in production. Visit the corporate web site, http://www.arur.us, for photos and more information.
The Company reports the initial recompletion of two more oil and gas producing wells on its ... more
Southern Union Company (NYSE: SUG) will report earnings for the quarter ended June 30, 2010, before the market opens on Thursday, August 5, 2010. At 9:00 a.m. Eastern time that day, Southern Union will also host an investor call and webcast to discuss results and outlook.
To access the call, dial 866-543-6407 (international callers dial 617-213-8898) and enter passcode ... more
July 16,2010 -- Brazilian pension fund Petros will have a 10 percent stake, while the Funcef pension fund will hold 2.5 percent. The Caixa Fi Cevics and Bolzano Participacoes investments funds will hold 5 percent and 10 percent, respectively. ....
U.S., European investment in renewable energy tops investment in non-renewables for second year in a row
BP shares rose more than 5% after the group confirmed it had temporarily stopped oil flowing into the Gulf of Mexico from its leaking well.
It is the first time the flow has been stopped since an explosion on the Deepwater Horizon rig on 20 April.
Shares in BP opened up 5.5% at 424p, before falling back to around 412p, as investors bet that ... more
The Petroleum Safety Authority Norway (PSA) has granted A/S Norske Shell (Shell) consent to use Ormen Lange subsea template D with appurtenant lines.
The consent covers use of Ormen Lange subsea template D and manifold with appurtenant intra-field pipelines, umbilical and pipeline end modules.
Production start-up from the first well on subsea template D is planned ... more
THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO ANY UNITED STATES NEWS SERVICES.
Fortress Energy Inc. (TSX:FEI) ("Fortress" or the "Company") is pleased to announce it has entered into a Purchase and Sale Agreement whereby Fortress will sell substantially all of its oil and gas properties to Terra Energy Corp. ("Terra").
Subject to ... more
Terra Energy Corp. ("Terra" or the "Company") (TSX:TT) is pleased to announce that it has entered into a purchase and sale agreement (the "Transaction") to acquire substantially all of the oil and gas properties of Fortress Energy Inc. ("Fortress"), including 100 percent of the Square Creek gas field (collectively, the "Square Creek Assets").
The Square Creek Assets ... more
Tuscany International Drilling Inc. (the "Corporation" or "Tuscany") (TSX:TID) announced today that Mr. John Rooney has tendered his resignation from the board of directors effective July 14, 2010, and that Mr. Herb Snowdon has been appointed as a director of the Corporation to fill the vacancy created by Mr. Rooney's resignation.
Mr. Rooney's resignation from the Corporation's ... more
Groundstar Resources Limited (TSX VENTURE:GSA) provides the following update for the Qara Dagh #1 exploration well in Kurdistan, Iraq.
Further to Groundstar's press release of June 14, 2010, the 8.5 inch pilot hole was drilled to 1,650 meters.
A thick Tertiary Aalizi section was encountered below the Kolosh formation that was not predicted in the original ... more
Doral Energy Corp.
(OTCBB:DRLY) ("Doral" or "the Company") announced today that it has closed
on an additional 960 acres adjacent to its existing production located
within Southeastern New Mexico. The acreage is comprised of three leases
with a total of 17 wellbores and 1 salt water disposal well. Of the 17
wells, 4 wells are currently shut in. ... more
Petroleum Development Corporation
(the "Company") (Nasdaq:PETD) today announced that effective July 15, 2010
it will do business as PDC Energy ("PDC"). A new logo and corporate identity
accompanies this change. The Company will keep its current website address
(www.petd.com), although effective Thursday, July 15th, the website ... more
The Directors of ARC Energy Limited* (“AEL”) today announced that AEL’s Offer for Adelphi has closed. At the close of the Offer, AEL held or controlled 94.837% of Adelphi Shares.
Following installation of the capping stack and in line with the procedure approved by the National Incident Commander and Unified Area Command, the well integrity test on the MC252 well commenced today (July 15).
Now in its third month, the Gulf Coast oil spill has created many safety hazards for wildlife and for people involved in cleanup efforts. Texas Mutual Insurance Company, the state’s leading provider of workers’ compensation insurance, urges employers and employees helping out with the oil spill to take extra precautions during these efforts.
The Information Store (iStore) today announced Digital Oilfield Express (DOX),the first Digital Oilfield offering delivered online through a subscription price model. The new service will bring key exploration and production (E&P) business functionality to the thousands of small businesses that comprise the U.S. independent oil and gas producer market. This announcement was made at Microsoft’s [...]
A new whitepaper has been published by SGS United Kingdom Ltd outlining some of the most important aspects relating to the sampling and measurement of Mercury.
Earthstone Energy, Inc., formerly Basic Earth Science Systems, Inc. (Earthstone, Basic or the Company) (OTC:BSIC) (BULLETIN BOARD: BSIC) , reported today that it has received formal approval from the Financial Industry Regulatory Authority (FINRA) to change its name to, and trade under the name, Earthstone Energy, Inc. As of June 1st FINRA changed their internal [...]
Tap Oil Limited (ASX Code: TAP) has commenced field operations for a 3D seismic survey in Block M, onshore Brunei as part of its exploration and development program.
Oil is no longer spewing into the Gulf of Mexico — at least temporarily — as BP Plc said it choked off the flow from its undersea well that ruptured in April and caused the worst offshore oil spill in U.S. history.
Doral Energy Corp. (OTCBB:DRLY) (”Doral” or “the Company”) announced today that it has closed on an additional 960 acres adjacent to its existing production located within Southeastern New Mexico. The acreage is comprised of three leases with a total of 17 wellbores and 1 salt water disposal well. Of the 17 wells, 4 wells are [...]
NOIA President Randall Luthi today issued the following statement on the capping of the Gulf oil spill:
“This is by far the best news we have heard in about 86 days. I am sure that industry, their families and neighbors are all collectively taking a sigh of relief and uttering a prayer of thanks.”
China North East Petroleum Holdings Ltd. (the “Company” or “NEP”) (NYSE Amex: NEP), a leading independent oil producer and oilfield services company in Northern China, today reported that on July 13, 2010, the Company submitted a request to NYSE Amex LLC (”AMEX”) for additional time to regain compliance with AMEX’s continued listing standards.
Petroleum Development Corporation (the “Company”) (Nasdaq:PETD) today announced that effective July 15, 2010 it will do business as PDC Energy (”PDC”). A new logo and corporate identity accompanies this change. The Company will keep its current website address (www.petd.com), although effective Thursday, July 15th, the website will reflect the PDC Energy name and brand identity.
The July/August 2010 issue of E - The Environmental Magazine (now posted at: www.emagazine.com) offers what many experts now deem a rational solution to our continued dependence on fossil fuels, and a way to potentially head off the offshore oil exploration that has resulted in the worst oil spill in the nation’s history: a national [...]
As previously announced, Noble Corporation (NYSE: NE), a leading offshore driller, plans to report financial results for the second quarter of 2010 on Monday, July 19, 2010, after the close of trading on the New York Stock Exchange. Copies of the Company’s press release will be available on its Web site at www.noblecorp.com.
A new whitepaper has been published by SGS United Kingdom Ltd outlining some of the most important aspects relating to the sampling and measurement of Mercury.
Research and Markets (http://www.researchandmarkets.com/research/3e0733/oil_panic_and_the) has announced the addition of John Wiley and Sons Ltd’s new book “Oil Panic and the Global Crisis: Predictions and Myths” to their offering.
Spectra Energy Corp (NYSE:SE) today announced it has entered into a definitive agreement to purchase the Bobcat Gas Storage assets and development project (Bobcat) from Haddington Energy Partners III LP and GE Energy Financial Services for $540 million.
OGX Petróleo e Gás Participações S.A. (“OGX”) (Bovespa: OGXP3)(OTC: OGXPY), theBrazilian oil and gascompanyconductingthe largest private exploratory campaign in Brazil, announced today that it has revised the column and net pay in the Albian section of well 1-OGX-14-RJS. In addition, the Company has identified another oil-bearing interval in the same section of well OGX-14, which [...]
Pacific Rubiales Energy Corp. (TSX: PRE; BVC: PREC) announced the expiration of its consent solicitation and the receipt of the consents required to amend the Indenture governing the Company’s outstanding 8.750% senior notes due 2016 (the “Notes”), pursuant to the Company’s Consent Solicitation Statement dated June 30, 2010 (the “Consent Solicitation Statement”). The Company solicited [...]
The California-based environmental firm Dudek has been selected to manage development of a key environmental document for the Desert Renewable Energy Conservation Plan (DRECP), an integral step in California’s policy goal to increase renewable energy sources.
Pacific Blue Energy Corp. (OTCBB: PBEC), a publicly traded developer of renewable energy projects, today announced that it has named respected business leader and consultant Yoram Gordon to its Advisory Board.
Research and Markets (http://www.researchandmarkets.com/research/cadc39/solar_thermal_powe) has announced the addition of the “Solar Thermal Power Market Forecast to 2020 - Utilities to Drive Future Developments in the Concentrated Solar Power (CSP) Market” report to their offering.
Diversified industrial manufacturer Eaton Corporation (NYSE:ETN) today announced it has acquired EMC Engineers, Inc. Terms of the deal were not disclosed.
Trilliant Incorporated, a leader in delivering Smart Grid solutions that enhance energy efficiency, utility operations and renewable resource integration, today announced that it has completed agreements with Central Maine Power (CMP) to provide a complete Smart Grid communications network and advanced meter infrastructure solution. The company will install smart meters for all of its 620,000 residential, [...]
Evolution Solar (Pink Sheets:EVSO) announced that the materials for the solar power lighting demonstration project located in the City of Brookshire, Texas have arrived and the Company began the installation today. The project was initiated by an LOI between EVSO and the City of Brookshire, which was first announced on May 26. The City of [...]
Recurrent Energy, an independent power producer and a leading developer of solar power projects, today announced a joint development agreement with Greensol Alternative Energy Ltd., an Israeli solar power systems developer, to finance, build, and operate distributed-scale rooftop and ground-mount solar photovoltaic (PV) power plants across Israel.
The greenest source of energy available to power our economy is energy efficiency. From an application perspective, energy efficiency provides constant “generation” for better utility system operation, has no geographical limits, and is already competitive from a capital cost standpoint. From an environmental perspective, energy efficiency requires no additional resources such as land and water—whereas [...]
A new whitepaper has been published by SGS United Kingdom Ltd outlining some of the most important aspects relating to the sampling and measurement of Mercury.
The presence of mercury in crude oil, natural gas and any processed products can have significant health and safety, as well as financial implications.
more
Cirrus Energy Corporation
(TSXV: CYR) announces the resignation of the following officers; Ms Pamela
Orr, Chief Financial Officer effective July 31, 2010, Mr Glenn Gradeen,
Executive VP and Chief Operating Officer effective July 31, 2010 and Mr.
Michael Ames, VP Exploration effective August 13, 2010.
The Board of Directors of the Corporation wishes to ... more
Compton Petroleum
Corporation (TSX - CMT) is pleased to announce that it has completed the
final portion of the sales transactions from its previously announced
disposition of a portion of its assets in the Niton and Gilby areas in
Central Alberta. Proceeds from this transaction were $35 million.
FirstEnergy Capital Corp. acted as a financial advisor ... more
Pacific Rubiales Energy
Corp. (TSX: PRE; BVC: PREC) announced the expiration of its consent
solicitation and the receipt of the consents required to amend the Indenture
governing the Company's outstanding 8.750% senior notes due 2016 (the
"Notes"), pursuant to the Company's Consent Solicitation Statement dated
June 30, 2010 (the "Consent Solicitation ... more
The Directors of ARC Energy Limited* (“AEL”) today announced that AEL's Offer for Adelphi has closed. At the close of the Offer, AEL held or controlled 94.837% of Adelphi Shares.
AEL will proceed to compulsory acquisition of the remaining Adelphi Shares which it does not own.
Adelphi Shareholders ... more
Tap Oil Limited (ASX Code: TAP) has commenced field operations for a 3D seismic survey in Block M, onshore Brunei as part of its exploration and development program.
Work has begun on surveying and line clearing. The survey covers approximately 136 sq km and is expected to take some 5 months to complete.
Tap Oil Managing Director and Chief Executive Officer, Peter ... more
Petroleum Development Corporation (the "Company") (Nasdaq:PETD) today announced that effective July 15, 2010 it will do business as PDC Energy ("PDC"). A new logo and corporate identity accompanies this change. The Company will keep its current website address (www.petd.com), although effective Thursday, July 15th, the website ... more
Doral Energy Corp. (OTCBB:DRLY) ("Doral" or "the Company") announced today that it has closed on an additional 960 acres adjacent to its existing production located within Southeastern New Mexico. The acreage is comprised of three leases with a total of 17 wellbores and 1 salt water disposal well. Of the 17 wells, 4 wells are currently shut in. Current exploitation ... more
As previously announced, Noble Corporation (NYSE: NE), a leading offshore driller, plans to report financial results for the second quarter of 2010 on Monday, July 19, 2010, after the close of trading on the New York Stock Exchange. Copies of the Company's press release will be available on its Web site at www.noblecorp.com.
Noble will host a conference call and webcast ... more
Following installation of the capping stack and in line with the procedure approved by the National Incident Commander and Unified Area Command, the well integrity test on the MC252 well commenced today (July 15).
The well integrity test will last at least 6 hours and could last up to 48 hours. During the test, the three ram capping stack is ... more
Crude oil gained as the dollar weakened against the euro, while rising equity markets and a demand forecast from OPEC reaffirmed confidence that the recovery will buoy fuel consumption.
The Organization of Petroleum Exporting Countries predicted that global oil demand will grow in 2011 at about the same rate as this year, led by developing economies such as China and ... more
Spectra Energy Corp (NYSE:SE) today announced it has entered into a definitive agreement to purchase the Bobcat Gas Storage assets and development project (Bobcat) from Haddington Energy Partners III LP and GE Energy Financial Services for $540 million.
(Logo: more
Earthstone Energy, Inc., formerly Basic Earth Science Systems, Inc. (Earthstone, Basic or the Company) (OTC:BSIC) (BULLETIN BOARD: BSIC) , reported today that it has received formal approval from the Financial Industry Regulatory Authority (FINRA) to change ... more
China North East Petroleum Holdings Ltd. (the "Company" or "NEP") (NYSE Amex: NEP), a leading independent oil producer and oilfield services company in Northern China, today reported that on July 13, 2010, the Company submitted a request to NYSE Amex LLC ("AMEX") for additional time to regain compliance with AMEX's continued listing standards.
As previously disclosed, ... more
Oil is no longer spewing into the Gulf of Mexico -- at least temporarily -- as BP Plc said it choked off the flow from its undersea well that ruptured in April and caused the worst offshore oil spill in U.S. history.
BP said it stopped the leak on Thursday with the tight-sealing containment cap installed three days ... more
Pacific Rubiales Energy Corp. (TSX: PRE; BVC: PREC) announced the expiration of its consent solicitation and the receipt of the consents required to amend the Indenture governing the Company's outstanding 8.750% senior notes due 2016 (the "Notes"), pursuant to the Company's Consent Solicitation Statement dated June 30, 2010 (the "Consent Solicitation Statement"). The Company ... more
The July/August 2010 issue of E - The Environmental Magazine (now posted at: www.emagazine.com) offers what many experts now deem a rational solution to our continued dependence on fossil fuels, and a way to potentially head off the offshore oil exploration that has resulted in the worst oil spill in the nation's history: a national "smart grid." The smart grid would be an updated, ... more
Now in its third month, the Gulf Coast oil spill has created many safety hazards for wildlife and for people involved in cleanup efforts. Texas Mutual Insurance Company, the state’s leading provider of workers’ compensation insurance, urges employers and employees helping out with the oil spill to take extra precautions during these efforts.
“Worker ... more
-NOIA President Randall Luthi today issued the following statement on the capping of the Gulf oil spill:
“This is by far the best news we have heard in about 86 days. I am sure that industry, their families and neighbors are all collectively taking a sigh of relief and uttering a prayer of thanks.”
“This is by far ... more
The Information Store (iStore) today announced Digital Oilfield Express (DOX),the first Digital Oilfield offering delivered online through a subscription price model. The new service will bring key exploration and production (E&P) business functionality to the thousands of small businesses that comprise the U.S. independent oil and gas producer market. This announcement was ... more
T. Boone Pickens today launched the first in a new series of whiteboard video presentations, outlining the role natural gas can play in helping to achieve President Barack Obama’s campaign pledge to cut all imports of oil from the Middle East in 10 years. The video can be seen at more
OGX Petróleo e Gás Participações S.A. (“OGX”) (Bovespa: OGXP3)(OTC: OGXPY), theBrazilian oil and gascompanyconductingthe largest private exploratory campaign in Brazil, announced today that it has revised the column and net pay in the Albian section of well 1-OGX-14-RJS. In addition, the Company has identified another oil-bearing ... more
Rethink Alberta ignores energy consumption patterns in the U.S.
July 15,2010 -- Greenko, an Indian developer, owner and operator of clean energy projects, has entered into an agreement to acquire Hemavathi Power & Light Pvt Ltd, which operates a 24-MW run-of-river hydropower plant. It is expected that the acquisition o.......
Foster Wheeler AG (Nasdaq: FWLT) announced today that its Global Engineering and Construction Group has been awarded a contract by Abu Dhabi Company for Onshore Oil Operations (ADCO) for the provision of project management consultancy (PMC) services for the development of the Bida Al Qemzan oilfield in the United Arab Emirates.
PLS, Inc. (”PLS”) and its international partner Derrick Petroleum Services (”Derrick”) report that global merger & acquisition activity for the second quarter of 2010 reached $43.1 billion in 165 transactions as compared with first quarter 2010 volume of $47.7 billion in 157 transactions. With $90.8 billion in 322 transactions in the first six months of [...]
Drillsearch Energy Limited (ASX: DLS) is pleased to announce the planned drilling of up to five exploration wells in PEL 91 in the Cooper Basin Western Flank Oil Fairway in South Australia (see attached map). Drillsearch and Beach Energy Limited (BPT) the operator of PEL 91 have agreed to the program. Interests in PEL 91 [...]
Tullow Oil plc (Tullow) announces that the Nsoga-5 appraisal well, which is located in the Butiaba region of Uganda Block 2, has successfully encountered 10 metres of net oil pay. The Nsoga-5 appraisal well was drilled to a total depth of 587 metres, 2.3 km to the north-east of the Nsoga-1 discovery well, targeting equivalent [...]
BPZ Resources, Inc. (NYSE:BPZ) announces completion of its CX11-22D well and spudding of the CX11-23D well in Corvina, and provides an update on production, Albacora oil sales, and status of the Extended Well Testing (EWT) permitting process.
Questar Corporation (NYSE: STR) today announced that its subsidiary Questar Transportation Services Company (QTS) and Applied LNG Technologies, LLC (ALT) have signed a memorandum of understanding (MOU) establishing a framework for the companies to jointly explore new market opportunities for Rockies liquefied natural gas (LNG).
Petrobras announces the entry into operation of FPSO Cidade de Santos in the Uruguá field, by means of the interconnection of the Uruguá-6 well. The Uruguá-8 and Uruguá-10 wells have also been linked to the FPSO. They are expected to start producing later this week and to reach a production of 25,000 bpd in the [...]
Orca Exploration Group Inc (”Orca” or the “Company”) has announced the creation of EastCoast Transmission and Marketing as the new infrastructure division of the Company. Orca is currently in discussion with potential pipeline expansion partners and is keen
to have a significant East Africa finance component as part of the infrastructure project.
Research and Markets (http://www.researchandmarkets.com/research/71beed/utica_shale_in_can) has announced the addition of GlobalData ’s new report “Utica Shale In Canada - Gas Shale Market Analysis and Forecasts to 2020” to their offering.
“Utica Shale In Canada - Gas Shale Market Analysis and Forecasts to 2020”
A US Congressional committee has agreed measures that would ban BP from new offshore drilling for seven years.
Base Oil & Gas Ltd. (”Base” or the “Company”) (TSX VENTURE: BOG) announces the grant of options to acquire an aggregate of 178,000 common shares of the Company to the independent directors and a consultant of the Company at an exercise price of
$0.20 per share as per the closing price as of July 12, 2010. [...]
Canadian Energy Services & Technology Corp. (”CESTC” or the “Corporation”) (TSX:CEU) is pleased to announce that it has closed its previously announced “bought-deal” private placement financing (the “Offering”). Pursuant to the Offering, CESTC issued a total of 2,905,000 Subscription Receipts at $15.50 per Subscription Receipt for gross proceeds of $45,027,500. The financing was completed through [...]
The Gullfaks C platform in the North Sea has started producing again.
Production had been shut down on Gullfaks C since a well incident occurred on 19 May. Activities on board have been concentrated on plugging the C-06 well systematically from the bottom and up.
GE (NYSE: GE) will supply gas turbine and compressor equipment to PNBV—Petrobras Netherlands BV, subsidiary of Petrobras the integrated oil and gas company, for deployment in two floating production, storage and offloading (FPSO P-58 and P-62) units for exploration and production offshore Brazil.
Crown Point Ventures Ltd. (TSX VENTURE:CWV) (the “Company”) advises that it has completed the drilling of the first of three onshore oil wells to be drilled in sequence at El Valle in the Golfo San Jorge basin of Argentina.
RANGE RESOURCES CORPORATION today announced that its production for the second quarter 2010 reached a record level. Production for the second quarter averaged 472 Mmcfe per day, representing a 9% increase over the prior-year period. Adjusting for the sale of the Ohio properties, which closed at the end of March 2010, the second quarter production growth rate would [...]
The drilling programme on Block 4 onshore the Sultanate of Oman continues with the drilling of Saiwan East-4 (”SE-4″). The SE-4 well is primarily designed to further evaluate the extension of the oil bearing Khufai reservoir.
Citing the extraordinary potential of responsibly developing natural gas from the Marcellus Shale, Range Resources Corporation (NYSE: RRC) today announced a voluntary disclosure initiative of Marcellus Shale hydraulic fracturing additives. Beginning immediately, Range will voluntarily submit to the Pennsylvania Department of Environmental Protection (DEP) additional information about additives used in the process of hydraulic fracturing [...]
NASA’s Kennedy Space Center is helping with the unprecedented effort to save wildlife from the effects of the BP Deepwater Horizon oil spill in the Gulf of Mexico.
The Petroleum Safety Authority Norway (PSA) has given Statoil Petroleum AS (Statoil) consent to use the Troll O2 facility with pipelines.
Wolf 1
Progress and Status:
Origin Energy, on behalf of the L11 Joint Venture, advises that the Weatherford drilling rig 826 is preparing to drill the Wolf 1 gas appraisal well. This well is being drilled to appraise the extent of the gas entrapment discovered by the Redback South 1 well, drilled in 2009.
At 06.00 ho
Pembina Pipeline Corporation, a wholly-owned subsidiary of Pembina Pipeline Income Fund (the “Fund” or “Pembina”) (TSX:
PIF.UN, PIF.DB.B), announced today that it has received approval from the Energy Resources Conservation Board (the “ERCB”) to construct and operate two pipeline projects that will support Northern Alberta’s heavy oil industry.
Most Americans oppose President Barack Obama’s ban on deepwater oil drilling in response to BP Plc’s Gulf of Mexico spill, even as they hold the company primarily responsible for the incident.
American Petro-Hunter, Inc. (OTC.BB:AAPH - News) (”American Petro-Hunter” or the “Company”), is today pleased to announce that the #3 Lutters well has commenced commercial oil production.
Day4 Energy Inc. (TSX: DFE), a leading global provider of solar photovoltaic products and solutions, today announced it has
completed the construction of two turnkey, ground-mounted photovoltaic power plants in Germany totaling over 2.5MW.
Welwind Energy International Corp. (OTCBB:WWEI) (the “Company”) announces that management from Welwind’s China office recently travelled to Hohhot, Inner Mongolia, China on July 4, 2010. The company successfully completed negotiations to acquire an 80% interest in a 300 MW, large scale, wind energy project.
Solar Manufacturing has shipped a new Model VTC-714 Vertical Top Loading high temperature R&D furnace to the National Energy Technology Laboratory (NETL), in Albany, OR. NETL is owned and operated by the U.S. Department of Energy (DOE) and part of DOE’s national laboratory system. NETL supports DOE’s mission to advance the national economic and energy [...]
IDC Energy Insights today announced the availability of a new report, Business Strategy: Optimizing Transmission for Wind Integration(Document #EI223579, June 2010) that examines the role of key transmission technologies in enabling the rapid growth of the U.S. wind energy market. The report describes the impact of current transmission constraints on existing and planned wind farms [...]
Green Planet Group, Inc. (OTCBB:GNPG), today announced results for the year ending March 31, 2010 which are detailed in a Form 10-K filing with the Securities & Exchange Commission.
Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of state of the art flexible thin-film solar modules, announced today it received a federal Export Achievement Certificate for its success in exporting clean technology to various international markets.
SureGrid - the leading energy solutions provider of automated, cloud-based, demand-response Intelligent Load Management technology - today announced the release of PowerCommand 2.0®.
Drillsearch Energy Limited (ASX: DLS) is pleased to announce the planned drilling of up to five exploration wells in PEL 91 in the Cooper Basin Western Flank Oil Fairway in South Australia (see attached map). Drillsearch and Beach Energy Limited (BPT) the operator of PEL 91 have agreed to the program. Interests in PEL 91 are Drillsearch (60%) and Beach as operator ... more
AWE Limited reports that as at 06:00 Yemen time (-7 hrs AEST) on 14 July, the Jebel Al Milh-1 well was at a depth of 2,870 metres and drilling ahead in 121/4” hole in the Lam Member of the Madbi Formation.
Elevated gas and oil shows have continued to be observed while drilling through this section. Progress for ... more
The Petroleum Safety Authority Norway (PSA) has given Statoil Petroleum AS (Statoil) consent to use the Troll O2 facility with pipelines.
Troll O2 is a new subsea template which will be connected to the Troll C facility.
The subsea template is located approx. six kilometres north of Troll C and is the 16th subsea template connected to Troll C and the 30th in total ... more
The PSA has issued a notification of order to Odfjell Drilling AS (Odfjell) and Seadrill Management AS (Seadrill) to carry out an overall assessment of means of evacuation.
In April of this year, the Petroleum Safety Authority Norway (PSA) issued a notification of order to 22 operating companies and shipping companies relating to carrying out ... more
The Gullfaks C platform in the North Sea has started producing again.
Production had been shut down on Gullfaks C since a well incident occurred on 19 May. Activities on board have been concentrated on plugging the C-06 well systematically from the bottom and up.
The incident entailed change in pressure and loss of drill fluid, which ... more
The Gullfaks C platform in the North Sea has started producing again.
Production had been shut down on Gullfaks C since a well incident occurred on 19 May. Activities on board have been concentrated on plugging the C-06 well systematically from the bottom and up.
The incident entailed change in pressure and loss of drill fluid, which ... more
American Petro-Hunter, Inc. (OTC.BB:AAPH - News) ("American Petro-Hunter" or the "Company"), is today pleased to announce that ... more
The PSA has given its consent for Statoil Petroleum AS (Statoil) to use the mobile drilling facility West Venture for drilling and well activities on the Troll field.
The consent covers production drilling, drilling of delineation and observation wells, completion, well overhaul and intervention including coil tubing, plugback (P&A) and workover ... more
Mobexx, the Runcorn-based rugged mobile computing specialist, has launched a revolutionary lone worker safety solution for engineers working in hazardous and potentially hazardous environments. Ideal for monitoring mobile service staff in the oil and gas industries, the new computerised “Work-Alone” solution provides a clear view of field ... more
RANGE RESOURCES CORPORATION today announced that its production for the second quarter 2010 reached a record level. Production for the second quarter averaged 472 Mmcfe per day, representing a 9% increase over the prior-year period. Adjusting for the sale of the Ohio properties, which closed at the end of March 2010, the second quarter production ... more
PLS, Inc. ("PLS") and its international partner Derrick Petroleum Services ("Derrick") report that global merger & acquisition activity for the second quarter of 2010 reached $43.1 billion in 165 transactions as compared with first quarter 2010 volume of $47.7 billion in 157 transactions. With $90.8 billion in 322 transactions in the first six months of 2010, global M&A ... more
Copano Energy, L.L.C. (NASDAQ: CPNO) announced today a cash distribution for the second quarter of 2010 of $0.575 per unit, or $2.30 per unit on an annualized basis, for all of its outstanding common units. This distribution is equal to Copano's distribution for the first quarter ... more
Canadian Energy Services & Technology Corp. ("CESTC" or the "Corporation") (TSX:CEU) is pleased to announce that it has closed its previously announced "bought-deal" private placement financing (the "Offering"). Pursuant to the Offering, CESTC issued a total of 2,905,000 Subscription Receipts at $15.50 per Subscription Receipt for gross proceeds of $45,027,500. The financing ... more
Questar Corporation (NYSE: STR) today announced that its subsidiary Questar Transportation Services Company (QTS) and Applied LNG Technologies, LLC (ALT) have signed a memorandum of understanding (MOU) establishing a framework for the companies to jointly explore new market opportunities for Rockies liquefied natural gas (LNG).
“The agreement signed ... more
Most Americans oppose President Barack Obama’s ban on deepwater oil drilling in response to BP Plc’s Gulf of Mexico spill, even as they hold the company primarily responsible for the incident.
“The fact so many people say it was a freak accident is especially telling”
Almost three-fourths, or 73 percent, say ... more
Crown Point Ventures Ltd. (TSX VENTURE:CWV) (the "Company") advises that it has completed the drilling of the first of three onshore oil wells to be drilled in sequence at El Valle in the Golfo San Jorge basin of Argentina.
The EV-22 well has been logged, evaluated, and cased as a potential oil well. Logs and drilling samples have identified five separate potential ... more
Foster Wheeler AG (Nasdaq: FWLT) announced today that its Global Engineering and Construction Group has been awarded a contract by Abu Dhabi Company for Onshore Oil Operations (ADCO) for the provision of project management consultancy (PMC) services for the development of the Bida Al Qemzan oilfield in the United Arab Emirates.
The Foster Wheeler contract value for this ... more
GeoBio Energy, Inc. (Pink
Sheets:GBOE) ("GeoBio"), aggressively moving forward with its plan to become
a dominant player in the oil and natural gas services field, today announced
the signing of a Letter of Intent to acquire all of the ownership interests
of Magna Energy Services, LLC (Magna), located in Aztec, New Mexico. Magna,
in combination with GeoBio's ... more
Citing the extraordinary potential of responsibly developing natural gas from the Marcellus Shale, Range Resources Corporation (NYSE: RRC) today announced a voluntary disclosure initiative of Marcellus Shale hydraulic fracturing additives. Beginning immediately, Range will voluntarily submit to the Pennsylvania Department of Environmental Protection (DEP) additional information ... more
BPZ Resources, Inc.
(NYSE:BPZ) announces completion of its CX11-22D well and spudding of the
CX11-23D well in Corvina, and provides an update on production, Albacora oil
sales, and status of the Extended Well Testing (EWT) permitting process.
Corvina CX11-22D and 23D
The 22D well was drilled in an up dip location of the Corvina field to
continue ... more
Bri-Chem Corp. ("Bri-Chem") (TSX Venture
Exchange: BRY) a leading Canadian wholesale distributor of industrial drilling
fluids, steel products and services, today announced the repricing of 335,000
stock options for company employees, excluding members of the Board of
Directors and Executive. Bri-Chem received approval of the TSX Venture
Exchange ... more
Pembina Pipeline Corporation, a wholly-owned
subsidiary of Pembina Pipeline Income Fund (the "Fund" or "Pembina") (TSX:
PIF.UN, PIF.DB.B), announced today that it has received approval from the
Energy Resources Conservation Board (the "ERCB") to construct and operate two
pipeline projects that will support Northern Alberta's heavy oil industry.
The ... more
Orca Exploration Group Inc
("Orca" or the "Company") has announced the creation of EastCoast Transmission
and Marketing as the new infrastructure division of the Company. Orca is
currently in discussion with potential pipeline expansion partners and is keen
to have a significant East Africa finance component as part of the
infrastructure project. ... more
Forbes Energy Services Ltd. (TSX: FRB) today announced its rig and trucking
hours for the month of June 2010.
<< For the month ending -------------------- June 30, 2010 May 31, 2010 June
30, 2009 ------------- ------------ ------------- Working days 22 20
22 Rig hours U.S. 28,446 25,202 18,947 Mexico 5,880 6,312 4,320 -----
----- ----- Total ... more
Enhanced Oil Resources Inc.
(TSX-V: EOR) today provides the following update on operational activity.
As previously reported, the Company had been working to upgrade the water
handling capacity at the Crossroads Siluro-Devonian Unit in Lea County, New
Mexico and that water injection recommenced at Crossroads in early June.
Over the last month, ... more
CALGARY, July 13 /CNW/ -- CALGARY, July 13 /CNW/ - Base Oil & Gas Ltd.
("Base" or the "Company") (TSX VENTURE: BOG) announces the grant of options to
acquire an aggregate of 178,000 common shares of the Company to the
independent directors and a consultant of the Company at an exercise price of
$0.20 per share as per the closing price as of July 12, ... more
The drilling programme on Block 4 onshore the Sultanate of Oman continues with the drilling of Saiwan East-4 ("SE-4"). The SE-4 well is primarily designed to further evaluate the extension of the oil bearing Khufai reservoir.
SE-4 is being drilled 2.9 kilometers to the southeast of the highly successful Saiwan East-3 well which recently tested at a rate ... more
Tullow Oil plc (Tullow) announces that the Nsoga-5 appraisal well, which is located in the Butiaba region of Uganda Block 2, has successfully encountered 10 metres of net oil pay. The Nsoga-5 appraisal well was drilled to a total depth of 587 metres, 2.3 km to the north-east of the Nsoga-1 discovery well, targeting equivalent reservoirs in a previously un-drilled fault block.
more
The drilling programme on Block 4 onshore the Sultanate of Oman continues with the drilling of Saiwan East-4 ("SE-4"). The SE-4 well is primarily designed to further evaluate the extension of the oil bearing Khufai reservoir.
SE-4 is being drilled 2.9 kilometers to the southeast of the highly successful Saiwan East-3 well which recently tested at a rate ... more
Wolf 1
Progress and Status:
Origin Energy, on behalf of the L11 Joint Venture, advises that the Weatherford drilling rig 826 is preparing to drill the Wolf 1 gas appraisal well. This well is being drilled to appraise the extent of the gas entrapment discovered by the Redback South 1 well, drilled in 2009.
At 06.00 hours ... more
GE (NYSE: GE) will supply gas turbine and compressor equipment to PNBV—Petrobras Netherlands BV, subsidiary of Petrobras the integrated oil and gas company, for deployment in two floating production, storage and offloading (FPSO P-58 and P-62) units for exploration and production offshore Brazil.
The $160 million double FPSO unit contract awarded to GE is a significant ... more
BPZ Resources, Inc.
(NYSE:BPZ) announces completion of its CX11-22D well and spudding of the
CX11-23D well in Corvina, and provides an update on production, Albacora oil
sales, and status of the Extended Well Testing (EWT) permitting process.
Corvina CX11-22D and 23D
The 22D well was drilled in an up dip location of the Corvina field to
continue ... more
A US Congressional committee has agreed measures that would ban BP from new offshore drilling for seven years.
The House committee on natural resources voted in favour of precluding companies with poor safety records from offshore oil exploration permits.
The proposed law does not name BP, but would apply to any company that has experienced ... more
July 14,2010 -- The 1,800-MW Jixi pumped-storage hydroelectric power project has begun operation in China's Anhui Province, regional media reported. ....
Can Middle East supplies of crude oil keep up with Pacific demand?
July 14,2010 -- The renewable energy development unit of Philippine National Oil Corp., PNOC Renewables Corp., plans to spend more than $335 million to develop hydropower projects, wire services reported. ....
Plains All American Pipeline, L.P. (NYSE: PAA) today announced a cash distribution of $0.9425 per unit ($3.77 per unit on an annualized basis) on all of its outstanding limited partner units. The distribution will be payable on August 13, 2010, to holders of record of such units ... more
Samson Oil & Gas Limited (ASX: SSN)(NYSE AMEX: SSN):
Gene #1-22H (30.6% working interest)
The Gene #1-22 well (located in Township 154N, Range 99W, Section 22 in Williams County, North Dakota) has just been put on pump after flowing naturally for three months and producing a cumulative 41,932 bbls of oil and 52,282 Mscf of gas to date. The ... more
Students from throughout Texas will showcase scientific research projects and displays at the 2010 ExxonMobil-sponsored Texas FFA AgriScience ... more
Untrained personnel and the failure to use proper well control procedures were the principal causes of a June 3 natural gas well blowout in Clearfield County, according to an independent investigation that was released today by the Department of Environmental Protection.
DEP Secretary John Hanger said the blowout, which allowed natural gas and wastewater to escape ... more
GeoPetro Resources Company (NYSE Amex: GPR) is pleased to provide the following update on the status of the Alaska Cook Inlet Project owned by its wholly-owned subsidiary, GeoPetro Alaska LLC ("GeoPetro", "we", "our" or the "Company").
Pursuant to the terms of the Lease Purchase and Sale Agreement with Linc Energy (Alaska) Inc. ("Linc"), GeoPetro has conveyed to ... more
To start with the agreement covers modifications of the Sleipner A and Sleipner T platforms as part of the Gudrun field development.
Aker Solutions has been awarded the framework agreement in strong competition with other market players. The agreement includes engineering, purchasing, fabrication and installation of equipment.
The intention of the agreement ... more
Following a meeting with Secretary Chu and his team of scientific and industry experts, the National Incident Commander announced that additional analysis of the well testing procedure should be performed before starting the well integrity test. This analysis will be conducted tonight and into tomorrow. Consequently, the well integrity test did not start today.
more
Recognised expert in marine personnel transfer Reflex Marine is celebrating the 10th anniversary of its groundbreaking FROG crew transfer device, which has revolutionised marine personnel transfer in the energy industry.
More than 450 FROGs are now used in all the world’s major oil producing regions including Europe, the Middle East, West Africa, the Former ... more
Saratoga Resources, Inc. (OTCBB: SROE) (“Company”) today announced that it has joined the industry-supported consortium studying deep shelf gas plays in Louisiana which is led by researchers from the Bureau of Economic Geology (“BEG”) at the University of Texas at Austin.
“Stratigraphic/Structural Architecture and Sandstone ... more
National Clean Fuels (PinkSheets:NACF) announced today that management is converting more of its existing equipment from its Poteet, Texas biofuels refinery for use in the Gulf of Mexico oil spill cleanup effort. Company Chairman Maurice Stone, COO John Shearer and their equipment consultant Charles Pircher will be at the Poteet facility tomorrow to begin thoroughly classifying ... more
Foster Wheeler AG (Nasdaq: FWLT) announced today that its Global Engineering and Construction Group has been awarded a project management consultancy (PMC) services contract by South Oil Company (SOC) for the Iraq Crude Oil Export Expansion Project onshore in southern Iraq and offshore in Iraqi waters. SOC is a company under the Ministry of Oil of the Republic of Iraq.
“South ... more
AmeriGas Propane Inc., general partner of AmeriGas Partners, L.P. (NYSE: APU), announced that Randy A. Hannigan, Vice President - Field Operations, South, will retire effective October 15, 2010. Mr. Hannigan, 59, joined AmeriGas in 1978.
“Randy is a consummate professional whose deep and broad understanding of our business, coupled with an exemplary ... more
Hyperdynamics Corporation (NYSE Amex: HDY) today announced that it has contracted with PGS Geophysical to process the data from the 3D seismic survey to be conducted over its offshore block in the Republic of Guinea. PGS was recently awarded the contract for the acquisition phase of the survey which is expected to commence later this month. The 3,675 square kilometer survey should ... more
July 13,2010 -- Prospects for the hydro, wave and tidal power market are good as countries are investing in renewable energy sources to augment energy security. ....
BP has successfully installed a new sealing cap on the leaking Gulf of Mexico oil well, company officials say.
It is hoped the new cap will stop the leak and capture all the oil before it can pour into the sea.
But BP warned the cap system had never been deployed at such depths and said "its efficiency and ability to contain the oil and gas ... more
Pacific Rubiales Energy
Corp. (TSX: PRE; BVC: PREC) announced today new exploratory success at its
Guairuro-1 stratigraphic well (the "Guaiuro-1 Well"), located in the CPE-6
Block, in the Llanos Basin, Colombia. The CPE-6 Block is a Special TEA
awarded in 2008 by the ANH, in which Meta Petroleum, Corp. (a wholly-owned
subsidiary of the Company) is the ... more
Alange Energy Corp. (TSXV: ALE) is pleased to announce the appointment of Mr. Boris Abad Guerra
to the Company's board of directors, effective immediately.
Mr. Abad has been in the oil and gas business for over 33 years. He is presently the Executive President of Oil and Gas Project Evaluation and Development at Amazonas Petroleum & Environmental Corporation ... more
Suroco Energy Inc. (TSX Venture Exchange: SRN) ("Suroco" or the "Corporation") and Winchester Oil & Gas S.A. ("Winchester") announce that they have jointly decided to terminate the proposed merger between the two companies that the Corporation previously detailed in its April 22, 2010, April 30, 2010, May 4, 2010 and May 21, 2010 press releases.
Suroco's President ... more
Newfield Exploration Company (NYSE:NFX) on Saturday, July 10, determined that an oil pipeline connecting the East Belumut platform on PM 323 to the Tinggi platform (located approximately 17 miles from East Belumut) was damaged by the activities of an unidentified marine vessel ... more
PostRock Energy Corporation (Nasdaq:PSTR) ("PostRock" or "the Company") today announced that its wholly owned subsidiary PostRock Energy Services Corporation ("PESC"), has entered into an amendment to its Second Amended and Restated Credit Agreement (the "Credit Agreement"). Under the terms of the amendment, the maturity date and the date to fulfill the conditions of the Credit ... more
Heritage-Crystal Clean, Inc.(Nasdaq:HCCI), a leading provider of parts cleaning and hazardous and non-hazardous waste services to small and mid-sized customers, is pleased to announce that it has selected Indianapolis, Indiana as the location for its used oil re-refining facility. As previously announced, the Company plans to construct a used oil re-refinery to convert ... more
Cubic Energy, Inc. (NYSE Amex:QBC) ("Cubic" or the "Company") announces today that the Thomas 36 No.
1, which spud on April 29, 2010, has been successfully completed with a
designed 14 stage completion. Over 5.2 million pounds of proppant was pumped
in aggregate. Flow back of the well will commence this week once the coiled
tubing unit that is already ... more
NuVista Energy Ltd. ("NuVista") (TSX:NVA) is pleased to provide the following operational update on the production test of its first Wapiti Montney horizontal well at 9-22-68-8W6M, as part of its 2010 program of evaluating repeatable high resource-in-place opportunities.
NuVista's first Montney horizontal well in the Wapiti operating area was drilled at 9-22-68-8W6M ... more
Anglo Canadian Oil Corp. ("Anglo" or the "Corporation") (TSX VENTURE:ACG) has successfully retrieved 32 meters of Nordegg Member core on their Shane 7-11 well. Presence of hydrocarbons in the core suggests the well is a suitable candidate for a horizontal multi-stage frac completion in the Nordegg Member oil shale. Horizontal drilling will commence after well logging is complete.
more
Waterfall Security Solutions Ltd (Waterfall) reported today that it has finalized an operational implementation at Petroleum & Energy Infrastructures Ltd (PEI), a leading oil products and infrastructure company.
PEI's Chief Information Officer commented that "Our networks and facilities are serving the nation's energy infrastructure. Providing real-time monitoring ... more
"Jacket structures is the core business for our yard in Verdal and I am pleased to see that we have won such a huge and important contract in an international competitive bidding process", says Jarle Tautra, executive vice president in Aker Solutions.
The contract will be executed by Aker Solutions' yard in Verdal, and includes engineering, procurement, construction, ... more
"Jacket structures is the core business for our yard in Verdal and I am pleased to see that we have won such a huge and important contract in an international competitive bidding process", says Jarle Tautra, executive vice president in Aker Solutions.
The contract will be executed by Aker Solutions' yard in Verdal, and includes engineering, procurement, construction, ... more
Petrofac, the international oil & gas facilities service provider, has been awarded its first Production Enhancement services contract by Petrom in Romania. Under the terms of the contract, Petrofac’s Production Solutions business will provide production enhancement services to Petrom as the concession holder for the Ticleni oilfield and its eight satellite fields (Ticleni). ... more
July 12,2010 -- AES's 223-MW Changuinola I hydro plant in Panama is set to begin commercial operations in the first half of next year, wire services reported. ....
Commodity Trading and Risk Management Software is essential in the business process of all the cable manufacturers, especially with Copper.
At the www.thecabledirectory.com we have a list of the leading companies who can provide you the best service to suit your needs.
One of the largest power cable manufacturers, General Cable, has acquired
its first factory in South Africa, through the acquisition of wire and cable manufacturer Phoenix Power Cable, at the end of last year.
The factory now operates as General Cable Phoenix South Africa (GCPSA).
July 12,2010 -- Twenty-four small hydropower plants could be built in Russia's Chelyabinsk Region by 2020, the press office of the regional economic development ministry reported. ....
Avro Energy, Inc. (OTCBB:AVOE) announced today that is has entered into an agreement with Mirador Consulting (www.miradorconsulting.com), a Florida based corporate consulting firm, to provide Avro Energy financial advisory and public relations representation in an effort to proactively and accurately present the Company to the public ... more
Nextraction Energy Corporation (TSX VENTURE:NE) (the "Nextraction") announced today that it has retained Sequoia Partners Inc. ("Sequoia"), to provide investor relations and consulting services.
Sequoia will receive a monthly retainer of $3,750. The Company will also issue, as compensation to Sequoia, an option to purchase 200,000 common shares pursuant to the company's ... more
Equal Energy ("Equal", "we", "our") has now completed the previously announced bought deal equity financing for gross proceeds of $37.9 million which is higher than the $35.0 million initially announced as the underwriters have exercised a portion of their over-allotment option. Equal's bought deal financing, announced on June 17, 2010, generated net proceeds of $35.9 million ... more
Connacher Oil and Gas Limited (CLL-TSX) announced today that it will be participating in the RBC Capital Markets Energy Stampede Roundtable 2010 being held in Calgary, Alberta on Monday, July 12, 2010. Mr. Richard Gusella, Chairman and Chief Executive Officer, will be participating in an oil sands panel discussion at approximately 12:00 PM MT.
Connacher will also ... more
Africa Oil Corp. (TSX VENTURE:AOI) ("Africa Oil" or "the Company") reports that it has agreed to increase the previously announced private placement. The Company will now sell on a non-brokered, private placement basis, an aggregate of up to 25 million common shares of the Company at a price of Cdn $1.00 per share for gross proceeds of up to Cdn $25 million.
A 5% finder's ... more
Today, Terasen Gas unveiled plans to renovate a building in the Prince George city centre that will be the future home of one of two B.C-based customer contact centres. The plans were shared with
community members during an event held at the facility on 2nd Avenue.
The contact centre renovation is part of Terasen's move to an in-house customer care model, with two ... more
NAL Oil & Gas Trust (the "Trust" or "NAL") (TSX:NAE.UN) will pay a distribution of $0.09 per unit on August 16, 2010, to Unitholders of record on July 22, 2010. The units will begin trading on an ex-distribution basis on July 20, 2010.
The current monthly distribution annualized totals $1.08 per unit, and represents a 9.9% cash-on-cash yield based on the July 7, ... more
One of BP's partners in the deepwater well which exploded in April - leading to the oil spill in the Gulf of Mexico - has refused to pay its share of the costs so far.
Houston-based Anadarko, which owns 25% of the Macondo well, was asked to pay $272m (£180m) by BP.
But an Anadarko spokesman said it was going to withhold payment.
BP ... more
Subsea Source Control and Containment
Following approval from the National Incident Commander, BP this past weekend began replacing the existing lower marine riser package (LMRP) containment cap over the Deepwater Horizon's failed blow-out preventer with a new sealing cap assembly.
Installation of the sealing cap is proceeding as planned. The Discoverer ... more
Oteac are providers of Specialist Integrated Safety Services with a wealth of experience and a proven performance history.
Oteac have a distribution agency with RidgeGear, based in Leek, Staffordshire, for sales of height safety equipment.
The award of ... more
Empire Energy Corporation International (Empire) (Pink Sheets: EEGC) and its wholly owned Australian subsidiary, Great South Land Minerals, Limited (GSLM) announced on Friday, July 9th, 2010 that Sure Fund, an international investment fund and member of the Sure Group of companies (www.surecapital.org) has agreed to issue up to USD$180 million in principally protected notes in ... more
The U.S. Energy Information Administration (EIA) released this week its July Short Term Energy Outlook, which details the agency's estimates of the coming reductions in oil production due to President Obama's six-month ban on deepwater offshore drilling. In light of EIA's disturbing findings, Dr. Bernard Weinstein, associate director of the Maguire Energy Institute at Southern ... more
Energy, Inc. (NYSE Amex: EGAS) (the "Company"), a natural gas utility company serving approximately 62,000 customers in six states, announced today that it has completed its reincorporation from Montana to Ohio and changed its name to Gas Natural Inc. The reincorporation was approved at the June 30, 2010 Annual Meeting of Shareholders and was effective as of July 9, 2010.
more
Falcon Oil & Gas Ltd. (TSXV: FO) ("Falcon") a global energy company focused on acquiring, exploring and developing acreage positions of unconventional and conventional oil and gas resources, today announced that the company has selected KPMG LLP ("KPMG") as its independent auditor for the 2010 fiscal year.
"As Falcon continues to diversify its operations on ... more
SmartPower, the nation's leading non-profit marketers of clean, renewable energy and energy efficiency, announced today the launch of My Gulf Action, an online campaign for individuals who are deeply concerned about the BP oil spill and want to help reduce our nation's collective reliance on fossil fuels.
My Gulf Action and its website, www.MyGulfAction.com, allow ... more
Emerson Process Management, a global business of Emerson (NYSE: EMR), announced today that it has been appointed by Technip Samsung Consortium to serve as Main Automation Contractor for the Shell “Prelude” project, which will potentially be the world’s first Floating LNG (liquefied natural gas) development. Emerson Process Management was selected by Technip ... more
Falcon Oil & Gas Ltd. (TSXV: FO) ("Falcon") a global energy company focused on acquiring, exploring and developing acreage positions of unconventional and conventional oil and gas resources, today announced that the company has selected KPMG LLP ("KPMG") as its independent auditor for the 2010 fiscal year.
"As Falcon continues to diversify its operations on a global ... more
Samson Oil & Gas Limited (ASX: SSN) (NYSE AMEX: SSN) has made available a corporate presentation on the company’s website.
Samson’s Ordinary Shares are traded on the Australian Securities Exchange under the symbol "SSN". Samson's American Depository Shares (ADSs) are traded on the New York Stock Exchange AMEX under the symbol "SSN". Each ADS represents ... more
Continental Resources, Inc. (NYSE:CLR) announced today that it has increased its capital expenditure budget to $1.3 billion to accelerate its drilling program and to increase its acreage positions in strategic U.S. shale plays. The Company's previous 2010 capital expenditure budget ... more
July 9,2010 -- Rehabilitation of the civil and electro-mechanical components of the 75-MW Ambuklao hydro plant is 75 percent complete, co-owner SN Aboitiz Power-Benguet Inc. (SNAP-Benguet) said in a disclosure with the Philippine Stock Exchange. ....
Suspected targets in the criminal investigation into the Gulf Coast oil spill may cover more than BP Plc , U.S. Attorney General Eric Holder said on Thursday.
"There are a variety of entities and a variety of people who are the subjects of that investigation," Holder said. "For people to conclude that BP is the focus of this investigation might ... more
Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC) (OSLO:QEC) announced today that completion operations began recently on the Gentilly No. 2 horizontal well in the St. Lawrence Lowlands, Quebec.
The completion program for this well included testing of both the middle and lower intervals within the Utica shale formation with a total of five fracs ... more
Universal Power Corp. (TSX VENTURE:UNX) ("Universal" or the "Corporation") is pleased to announce it has closed its previously announced marketed public offering (the "Offering") of common shares of Universal (the "Common Shares"). The Offering was led by Cormark Securities Inc. on behalf of a syndicate of underwriters including Macquarie Capital Markets Canada Ltd., Clarus Securities ... more
Omega Resources, a leading recruitment specialist in the Oil and Gas Industry has today announced that they will be utilising the services of an innovative new recruitment website, www.oilandgaspeople.com
more
Xtreme Coil Drilling Corp. ("Xtreme Coil", the "Company") (TSX:XDC) is pleased to announce entry into the drilling market in Australia by establishing a joint venture company with AJ Lucas Group Limited ("Lucas"). The joint venture company, Lucas-Xtreme Drilling Pty Ltd. ("Lucas-Xtreme"), is owned fifty percent by AJ Lucas Coal Technologies (a wholly-owned subsidiary of Lucas) ... more
Arcan Resources Ltd. (TSX VENTURE:ARN) ("Arcan" or the "Company") is pleased to report initial test results from its fifth and sixth horizontal multi-stage fractured wells in its Swan Hills Beaverhill Lake development program.
The Swan Hills (10-17) 6-20-68-8W5Hz ("6-20") and (10-29) 5-28-68-8W5Hz ("5-28") Horizontal Multi-Stage Fractured Wells
The wells ... more
Nextraction Energy Corporation (TSX VENTURE:NE) (the "Company") and its wholly-owned subsidiary, Nextraction Energy (US) Inc. ("Nextraction"), along with its operating partner, Vantage Energy ("Vantage" - see press release dated January 26, 2010), are pleased to announce the successful completion of the Noble 6-24 well in the northern region of the Pinedale Anticline, Wyoming. ... more
Zion Oil & Gas, Inc. (Nasdaq:ZN) announced today that, effective July 9, 2010, Kent S. Siegel has been appointed as Chief Financial Officer and Senior Vice President. Patti Beals has been appointed Chief Accounting Officer and Ilan Sheena has been appointed Vice President and Managing Director of Zion's offices in Caesarea, Israel. In addition, Mr. Marc Singer is joining ... more
Novus Energy Inc. ("Novus" or the "Company") (TSXV: NVS) is pleased to provide an update on its operations in the Dodsland area of Saskatchewan, on its Viking light oil resource play for the first half of the year. Novus has recently successfully completed the drilling of its initial sixteen 100% working interest, horizontal Viking oil wells in the Dodsland area. To date, fourteen ... more
Oilsands Quest Inc. (NYSE AMEX:BQI) ("OQI") has extended the deadline for the sale of its oil shale assets located near Pasquia Hills in Saskatchewan to Canshale Corp. ("Canshale"). The sale of these assets was conditional upon Canshale raising a minimum of CDN$12.5 million by June 30, 2010. The OQI Board of Directors has granted an extension of 30 days to July 30, 2010 for Canshale ... more
TAG Oil Ltd. (TSX-V: TAO) is pleased to announce that an independent assessment of reserves on the Cheal Mining Permit, onshore Taranaki Basin, New Zealand, conducted as of March 31, 2010, has assigned net proved and probable reserves remaining of 651,000 barrels of oil, plus associated gas of 258mmcf. These result in a net present value of $29.43 million. The Cheal oil pool presently ... more
Lufkin Industries, Inc. (NASDAQ:LUFK) today announced its intention to construct a manufacturing facility near Ploiesti, Romania, just north of the capital, Bucharest. This facility is being designed with the objective of manufacturing products for both the ... more
Saratoga Resources, Inc. (OTCBB: SROE) (“Company”) today announced the promotion of Mr. Brian Daigle to Vice President – Operations and the addition of Ms. Mindy Stuart and Ms. Patsy Gedge to Saratoga’s operating team.
Effective July 1, 2010, Mr. Daigle was promoted to Vice President – Operations. Mr. Daigle previously served as the Company’s ... more
Tri-Valley Corporation (NYSE Amex:TIV) today announced that gross oil production during June from its Pleasant Valley tar sands project in Oxnard, California averaged 305 barrels of oil per day as compared to 333 and 186 barrels of oil per day in May and April, respectively. Production at the Pleasant Valley project continues to advance from extended steam cycles performed in ... more
Energas Resources, Inc. (OTCBB: EGSR) is pleased to announce that the company has authorized the dirt contractor to begin building location today to drill the first well in the Lake Devore Prospect, Kiowa County, CO, weather permitting. The drilling company has scheduled to move the rig on to our location after they finish drilling their current job, which is expected to occur ... more
The choice to offer “branded” vs. “unbranded” gasoline is an important decision that can potentially impact a convenience retailer’s market perception, customer loyalty, volume and profits. While studies indicate that market share for unbranded gasoline continues to grow, it doesn’t mean that branded gas is on the way out, as many consumers ... more
The European Union's energy commissioner has called for a temporary ban on new oil drilling in the North Sea.
Gunther Oettinger said any responsible government would "freeze new permits" following the Gulf of Mexico oil spill.
He suggested a "de facto moratorium" until the causes of the accident are known and safety procedures reviewed. ... more
WGL Holdings, Inc. (NYSE:WGL), the parent company of Washington Gas and other energy-related subsidiaries, has been named one of the 40 Best Companies for Diversity for the 4th consecutive year, according to Black Enterprise magazine. One thousand publicly traded companies and 50 leading global companies with major U.S. operations were invited to participate in ... more
Wise Gas today announced the official opening of Florida’s first compressed natural gas (CNG) alternative fuel station open to the public.
“We also offer deals on Honda Civic GXs through our relationship with Space Coast Honda.”
The CNG station, which is located at 650 NW 27th Avenue in Fort Lauderdale, ... more
The August 2010 natural gas NYMEX contract on the New York Mercantile Exchange (NYMEX) fell precipitously following the announcement by the Energy Information Administration that 78 Bcf was injected into storage for the week ending July 2, 2010. “The quick move down in natural gas prices was a bit surprising because the storage report was in line with estimates and ... more
Cenovus Energy Inc. (TSX, NYSE: CVE) announced today that it has completed the exchange of its previously issued notes pursuant to its note exchange offer. The exchange offer was extended on June 28, 2010 and expired at 5:00 p.m. ET on June 30, 2010. Substantially all of the outstanding principal amount of the notes has been exchanged in accordance with the terms of the exchange ... more
Lufkin Industries, Inc. (NASDAQ:LUFK) today announced its intention to construct a manufacturing facility near Ploiesti, Romania, just north of the capital, Bucharest. This facility is being designed with the objective of manufacturing ... more
A survey released today by CSC (NYSE: CSC) reveals that professionals in the upstream oil and gas industry are discovering that the vast amounts of data made available in the “digital oilfield” present another set of challenges in effectively deploying, managing and operating upstream assets.
“Now more than ever the upstream oil and gas ... more
Alberta Premier responds to mounting criticism of export scheme in U.S.
A new report from the American Public Power Association puts a hefty price tag on natural gas-fired electricity
San Donato Milanese (Milan), 8 July 2010– Saipem has been awarded new offshore contracts worth over 1 billion euro.
The contracts refer to activities to be carried out between 2010 and 2012 in the main offshore areas where Saipem is present, in particular in the Caspian Sea, both in the Kazakh and Azeri sectors, Brazil, the Middle East, West Africa, ... more
Thursday, Jul 08, 2010
Centrica plc today announced the successful drilling of a second appraisal well (44/12a-5) in the western region of the Cygnus gas field, located in the UK southern North Sea. This latest well completes the full appraisal of the field within its current field boundary and follows the successful appraisal in March of [...]
AMEC secures engineering and maintenance services contract for two Bluewater FPSO vessels
08-07-2010
RigNet Signs Contract with Seahawk Drilling, Inc. to Provide Managed Communications for Offshore Drilling Rig Fleet
08-07-2010
ABB and Statoil sign $23 million framework agreement
06-07-2010
Fjord1 and Fiskerstrand BLRT have Entered into an Agreement to Build the World’s Largest Gas-Powered Ferry
06-07-2010
Orion Energy International Inc. Enters [...]
Inter Pipeline Fund ("Inter Pipeline") (TSX:IPL.UN) announced today the declaration of a cash distribution of $0.075 per unit for July 2010. This distribution will be paid on or about August 16th to unitholders of record on July 22nd, 2010.
Inter Pipeline believes it is well positioned to maintain its current level of cash distributions to unitholders through 2011 ... more
Anglo Canadian Oil Corp. (TSX VENTURE:ACG) ("Anglo" or the "Corporation") has spudded its first well, Anglo Hz Shane 7-11, of its planned four well summer drilling and evaluation program. The Shane 7-11 well will be cored, logged and hydrocarbon potential evaluated to determine the suitability of a horizontal multi-stage frac in the Nordegg Member oil shale. Drilling is expected ... more
Plateau Mineral Development, Inc. (Pink Sheets:PMDP) announced today that representatives have reached out to BP in an effort to propose ideas on how to stop the oil leak in the Gulf. Also, PMDP proposed use of enzymes that "eat" oil to facilitate in situ cleanup. This is more environmentally friendly and less costly than most alternatives. No response has been received as of ... more
GMXR, (NYSE:GMXR) (please visit www.gmxresources.com to view the latest corporate presentation and for more information on the Company) today announces that Timothy L. Benton Vice President of Geosciences will make a presentation at the Global Shale Gas Summit at the Sofitel Warsaw Victoria Hotel in Warsaw, Poland on July 19th at 1:30pm ... more
Legacy Oil + Gas Inc. ("Legacy") (TSX:LEG) is pleased to announce that it has completed its previously announced acquisition (the "Acquisition") of CanEra Resources Inc. ("CanEra") a highly focused Alberta-based private oil company. Legacy paid $241 million in cash (subject to adjustment) and issued 20.5 million common shares to the former shareholders of CanEra pursuant to the ... more
Centrica plc today announced the successful drilling of a second appraisal well (44/12a-5) in the western region of the Cygnus gas field, located in the UK southern North Sea. This latest well completes the full appraisal of the field within its current field boundary and follows the successful appraisal in March of the first western area well (44/11a-4).
This ... more
Ensco plc (NYSE:ESV) announced today that a subsidiary of the Company has purchased Diamond Offshore's (NYSE:DO) Ocean Shield jackup drilling rig, a KFELS Super B Class design, delivered in 2008. The rig will be renamed ENSCO ... more
Delta Petroleum Corporation (Delta) (NASDAQ:DPTR) , an independent oil and gas exploration and development company, today announced that Carl Lakey has been named Chief Executive Officer, effective immediately. Mr. Lakey most recently served as Senior Vice President of Operations ... more
China Integrated Energy, Inc. (NASDAQ:CBEH) ("China Integrated Energy" or the "Company"), a leading non-state-owned integrated energy company in China, today announced that it is progressing on its goal of doubling its biodiesel production capacity to 200,000 metric tons (MT) ... more
Basic Energy Services, Inc. (NYSE:BAS) ("Basic") today reported selected operating data for the month of June 2010. During the month, Basic's well servicing rig count remained the same at 404 as of June 30, 2010. Well servicing rig hours for the month of June 2010 were 53,400, ... more
AMEC, the international engineering and project management company has signed a two-year contract with Bluewater Services UK Ltd to provide engineering and maintenance services for two FPSO (floating production and storage offloading) vessels, currently leased to operators in the North Sea.
The value of the contract has not been announced.
The two vessels ... more
AWE Limited reports that as at 06:00 Yemen time (-7 hrs AEST) on 7 July, the Jebel Al Milh-1 well was at a depth of 2,747 metres and drilling ahead in 121/4” hole in the Madbi Formation. While drilling through the Lam Member of the Madbi Formation, elevated gas and oil shows were encountered. Progress for the week was 151 metres.
Jebel ... more
Redback 2
Progress and Status:
Origin Energy, on behalf of the L11 Joint Venture, advises that the Weatherford drilling rig 826 is currently drilling the Redback 2 exploration well. This well is being drilled from the same surface location as Redback 1, drilled in 2004.
During the week a 4½” liner has been ... more
Atlas Energy, Inc. (NASDAQ: ATLS) (“Atlas” or “the Company”) reported today that net average daily production in the Appalachian segment reached a record of approximately 55 million cubic feet of natural gas equivalents (“Mmcfe”) per day in the second quarter 2010, up approximately 21% from the first quarter 2010, due to strong ... more
Ernest C. Schlotter, a senior analyst with SISM Research and a four star analyst according to StarMine, has released a research note for Tamm Oil and Gas (OTCBB: TAMO) focusing on lighter and heavy oil developments in Peace River, Alberta, Canada.
A complementary report, which includes important disclosures, disclaimers and analyst qualifications, is available for download ... more
Ernest C. Schlotter, a senior analyst with SISM Research and a four star analyst according to StarMine, has released a research note for Tamm Oil and Gas (OTCBB: TAMO) focusing on lighter and heavy oil developments in Peace River, Alberta, Canada.
A complementary report, which includes important disclosures, disclaimers and analyst qualifications, is available for download ... more
RigNet, Inc. (“RigNet”), a leading global provider of managed communications solutions for the upstream oil and gas industry, announced today that is has entered into a multi-year contract with Seahawk Drilling, Inc. (“Seahawk”), a leading drilling services company focused on the Gulf of Mexico to provide managed remote communications for its fleet of ... more
Vertex, a leading provider of customer management services and technology to the utilities industry, announced that Chesapeake Utilities Corporation (NYSE:CPK) has selected its customer information system (CIS), eCIS+, to establish and implement uniform business processes and best practices across all of the organization’s utility operations.
“Chesapeake ... more
National Clean Fuels (PinkSheets: NACF) announced today that the Company is developing a timely Smartphone app that will give subscribers live information on the Gulf of Mexico beaches during the massive BP oil spill. NACF has awarded Idea Apps Inc. the position of technical development partner on the project. The new Smartphone application being developed is named “WhiteSands.mobi”. ... more
Allegro Development, a leading provider of energy trading and risk management (ETRM) solutions, announced today that SourceGas has completed the successful deployment of the Allegro 8 platform across its natural gas operations. Allegro provides SourceGas the ability to capture physical and financial natural gas trades, manage transportation, actualization, and invoicing on a ... more
GeoResources' Bakken shale project in Williams County, North Dakota has acquired approximately 49,000 net leasehold acres and will be developing the acreage with two industry partners. The Company retained a 47.5% working interest ("WI"), representing approximately 23,300 net acres and is the operator of the project. At present, the Company controls ... more
A think-tank connects the dots between offshore drilling and natural gas prices
July 7,2010 -- U.S. power group Duke Energy expects its two new small hydropower plants being developed in Brazil to come online by the end of 2011, wire services reported. ....
Wednesday, Jul 07, 2010
Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its Global Engineering and Construction Group has been awarded an engineering, procurement and construction management (EPCm) contract by Dow Deutschland Anlagengesellschaft mbH for a new cogeneration facility to be installed within Dow’s existing chemical complex at Stade, Germany.
Are you looking for a manufacturer to supply Communication Cable Protection in Iraq? Scapa Cable Solutions are a leading supplier of Communication Cable Protection in Iraq and through out Middle East.
With broadband companies competing to offer increased levels of service to online businesses and home users, fibre optic cables are becoming an increasingly popular solution, providing higher speed [...]
Wednesday, Jul 07, 2010
TGS has commenced a new multi-client 3D survey in partnership with PGS.
Are you looking for all the latest Devenick Field Project and Contract Awards?
Projects OGP is Published monthly focus’s on recently awarded projects contracts and awards in the global Oil, Gas and Petrochemical upstream and downstream sectors.
Subscribers to Projects OGP will benefit from receiving the latest industry news, all of which relates to recently awarded projects [...]
Wednesday, Jul 07, 2010
In reference to announcement made on June 8, 2010, Sevan Marine ASA, on behalf of one of its subsidiaries, has received commitment from ING Bank to arrange and underwrite the USD 230 million Senior Secured Credit Facility for FPSO Sevan Voyageur. The fully documented loan agreement is expected to be completed during [...]
Are you looking for a manufacturer or distributor to supply Distribution Systems in UAE? MCI are a leading supplier of Distribution Systems in UAE and through out Middle East.
MCI offer a range of custom built equipment suitable for Hazardous Areas, Junction Boxes, Starters, Control Panels, Motor Control Centre’s, Distribution Boards are among the items built. Standard products [...]
Wednesday, Jul 07, 2010
Angle Energy Inc. (”Angle” or the “Company”) (TSX:NGL) is pleased to provide updated guidance on its 2010 capital program, following the June 30, 2010 closing of its Edson area acquisition (”the Acquisition”).
Are you looking for a supplier of Management System Software to help manage your project in Iran? Matrix Management Systems are specialists in providing Management System Software to manage oil and gas projects and operations in Iran.
The MAT-Sys™ Matrix Management System is the only product of its kind on the market. It’s based on the [...]
July 7,2010 -- The Scottish Government has awarded 13 million pounds (US$19.7 million) in grants to five marine hydropower projects through a wave and tidal hydro development program. ....
Statoil and HitecVision have signed an agreement under which HitecVision will acquire Statoil’s subsidiary Tampnet AS.
Eden Scott is currently recruiting for an independent and specialist risk management consulting company, with majority employee ownership.
The Company is undergoing rapid expansion and is seeking to recruit Safety Engineers and Risk Management Consultants for their office in Aberdeen.
They have opportunities at various levels of experience and seniority for highly motivated and influential personnel with [...]
Wednesday, Jul 07, 2010
Northern Oil and Gas, Inc. (NYSE/AMEX: NOG) (”Northern Oil”) today provided an operations update related to drilling and completion activity in the Williston Basin Bakken and Three Forks prospects. Certain information in Northern Oil’s update is being amended by this press release.
Are you looking for a provider of Air Compressors in Aberdeen? Coates Offshore are a leading supplier of Air Compressors in the UK and throughout Europe.
Coates Offshore air rental fleet consists of a combination of ZONE II, SAFEZONE and RIGSAFE compressors. Coates Air Compressors are built to DNV specification and designed with a compact footprint [...]
Wednesday, Jul 07, 2010
Tullow Oil plc (“Tullow”) announces that the Government of Uganda has approved the sale by Heritage Oil & Gas Limited (“HOGL”) of its 50% interest in Blocks 1 and 3A in Uganda to Tullow’s subsidiary, Tullow Uganda Limited (“Tullow Uganda”), subject to conditions outlined in a Heritage Oil Plc release issued today [...]
Chapman Freeborn provides private jet charter and air charter services for corporate executives, VIP, business, and incentive travel. Aircraft charter types include Gulfsteam private jets, Learjets, Cessna private jets, and Bombardier private jet charters for VIP and executive travel, helicopters, and large Boeing and Airbus aircraft for group travel and crew rotations.
Chapman Freeborn is the [...]
Wednesday, Jul 07, 2010
Chapman Freeborn Airchartering Inc has completed a high-profile cargo charter from Nantes in France to New Orleans, USA, to deliver seven skimmer boats to help tackle the oil spill in the Gulf of Mexico.
Chapman Freeborn Airchartering Inc has completed a high-profile cargo charter from Nantes in France to New Orleans, USA, to deliver seven skimmer boats to help tackle the oil spill in the Gulf of Mexico.
The Fort Lauderdale-based aircraft charter specialist arranged the flight of an Antonov AN-124 - one of the world’s largest cargo planes - to urgently transport ... more
Forest Gate Energy Inc. is pleased to announce the appointments of Mr. Ron Goguen and Mr. Nicholas Powell as directors of the corporation. They effectively replace Mr. Robert Kramberger and Mr. Ed Ierfino, who served as interim members. Mr. Michael Judson remains as Chairman of the board of directors.
Furthermore, Robert Kramberger continues his role as Vice President ... more
Heritage Oil Plc (TSX:HOC) (LSE:HOIL), an independent upstream exploration and production company issues an update on Heritage Oil & Gas Limited's ("HOGL") disposal of its entire interests in Block 1 and Block 3A (the "Assets") in Uganda.
Highlights
-- The Government of the Republic of Uganda ("Government") has provided
conditional ... more
Statoil and HitecVision have signed an agreement under which HitecVision will acquire Statoil’s subsidiary Tampnet AS.
Tampnet operates a large high capacity communication network between offshore installations. ... more
The securities offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities ... more
In reference to announcement made on June 8, 2010, Sevan Marine ASA, on behalf of one of its subsidiaries, has received commitment from ING Bank to arrange and underwrite the USD 230 million Senior Secured Credit Facility for FPSO Sevan Voyageur. The fully documented loan agreement is expected to be completed during third quarter of 2010.
The net proceeds of the refinancing ... more
Angle Energy Inc. ("Angle" or the "Company") (TSX:NGL) is pleased to provide updated guidance on its 2010 capital program, following the June 30, 2010 closing of its Edson area acquisition ("the Acquisition").
Angle's capital program in the second half of 2010 consists of three main projects: light oil in Harmattan (Viking and Cardium), liquids-rich gas in Edson ... more
Cumberland Oil & Gas Ltd. (TSX VENTURE:COG) ("Cumberland") announced today that it has closed its previously announced private placement and has issued 3,300,000 flow-through common shares of Cumberland at a price of $0.275 per share for total gross proceeds of $907,500.
Cumberland intends to use the proceeds of the offering to fund ongoing drilling.
more
Tullow Oil plc (“Tullow”) announces that the Government of Uganda has approved the sale by Heritage Oil & Gas Limited (“HOGL”) of its 50% interest in Blocks 1 and 3A in Uganda to Tullow’s subsidiary, Tullow Uganda Limited (“Tullow Uganda”), subject to conditions outlined in a Heritage Oil Plc release issued today and reproduced below. ... more
Forbes Energy Services Ltd. (TSX: FRB) and its subsidiaries (collectively, the "Company") announced today that it is commencing a consent solicitation with respect to the 11% Senior Secured Notes due 2015 (the "Notes") issued by two of its subsidiaries, Forbes Energy Services LLC and Forbes Energy Capital Inc (the "Issuers"). The Company is seeking to amend the indenture governing ... more
Legacy Oil + Gas Inc. ("Legacy") (TSX:LEG) is pleased to announce that it has completed its previously announced bought deal subscription receipt financing. Legacy, through a syndicate of underwriters co-led by GMP Securities L.P. and Macquarie Capital Markets Canada Ltd. and which included FirstEnergy Capital Corp., BMO Capital Markets, National Bank Financial Inc., Canaccord ... more
Vorys, Sater, Seymour and Pease LLP partner M. Sean Purcell represented Barrett Trade and Finance Group, LLC (BTFG), the lender, in a multi-million dollar transaction guaranteed by the U.S. Export-Import Bank (Ex-Im Bank) that facilitated the export of U.S. environmental remediation equipment to Romania.
The sophisticated financing effort allowed the Romanian-based ... more
During a visit to the most active county for Marcellus Shale drilling this year, Governor Edward G. Rendell today outlined the state's commitment to enacting a severance tax on natural gas extraction, saying such a levy should give a fair share to communities where drilling is taking place.
The Governor made his remarks as he signed Senate Bill 1042, the state's ... more
Longwei Petroleum Investment Holding Ltd. (OTC:LPIH) (BULLETIN BOARD: LPIH) ("Longwei"), a leading oil and fuel wholesaler and distributor operating in Shanxi Province, China, announced today that it will present at the Global Hunter Securities 2010 China ... more
Northern Oil and Gas, Inc. (NYSE/AMEX: NOG) ("Northern Oil") today provided an operations update related to drilling and completion activity in the Williston Basin Bakken and Three Forks prospects. Certain information in Northern Oil's update is being amended by this press release.
UPDATE TO RECENT COMPLETION HIGHLIGHTS
Northern Oil previously issued ... more
With Congress expected to consider energy legislation this summer, some are suggesting that any new programs be paid for with new taxes on the oil and natural gas industry. As the nation struggles to recover from recession, further taxes on an industry that supports 9.2 million jobs and 7.5 percent of our GDP could have a devastating effect on our jobs, economic recovery and ... more
UOP LLC, a Honeywell (NYSE:HON) company, announced today that Total Petrochemicals has successfully demonstrated UOP technology that will enable the use of feedstocks other than petroleum to produce plastics and other petrochemicals.
A demonstration unit built by ... more
Osyka Corporation (“Osyka”), a Houston-based energy company specializing in exploration, production, development, and acquisition of oil and gas properties, today announced the successful completion of its recently drilled well located in the West Laurel area of Jones County, Mississippi. The well, which was completed June 14, 2010, has an average initial flowing ... more
Bear Tracker Energy, LLC, a midstream oil and natural gas company formed in 2009 by industry veteran Robert J. Clark, announced today that funds managed by GSO Capital Partners LP, a division of The Blackstone Group L.P. (NYSE: BX), along with Bear Tracker’s existing management, are committing up to $200 million in equity capital to pursue the development of North American ... more
With the Gulf Coast suffering from the largest oil spill in the history of the United States, businesses all over the region are being displaced and, in many cases, completely shut down. Tar balls and oil mousse are reaching the shores of Louisiana, Florida, Alabama, and Mississippi, and while the lasting effects of the oil spill are yet to be determined, business owners in these ... more
GE (NYSE: GE) has received contracts totaling nearly $300 million to provide advanced 6FA gas turbines and long-term services for the Salalah Independent Water & Power Project (IWPP), which will help support strong economic growth in the Dhofar region of southern Oman.
“The Salalah IWPP project demonstrates our commitment to deliver advanced technology ... more
Chevron Corp. (NYSE:CVX) today announced a new deepwater natural gas discovery in a Chevron-operated block in the Carnarvon Basin offshore Western Australia, Australia’s premier hydrocarbon basin.
“We are continuing to invest in a significant exploration program to underpin the long-term growth of our Australian business. Our continued success ... more
Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its Global Engineering and Construction Group has been awarded an engineering, procurement and construction management (EPCm) contract by Dow Deutschland Anlagengesellschaft mbH for a new cogeneration facility to be installed within Dow’s existing chemical complex at Stade, Germany.
“Foster ... more
SM Energy Company (NYSE: SM) today announces that the Company has entered into a long-term gas services agreement with Eagle Ford Gathering LLC to gather, transport, and process production from the Company’s Eagle Ford shale assets in South Texas.
Under the terms of the arrangement, SM Energy will commit Eagle Ford production up to a maximum level of 200,000 MMBTU ... more
Clean Energy Fuels Corp. (Nasdaq:CLNE) and IMW Industries, Ltd. (IMW) have signed a definitive agreement for Clean Energy to acquire IMW for consideration of $125 million plus a cash earn-out arrangement. IMW manufactures and services advanced natural gas fueling compressors and related equipment that is sold to station operators and commercial fleets and has provided more than ... more
Tuesday, Jul 06, 2010
Ithaca Energy Inc. (TSX Venture: IAE, LSE AIM: IAE) and its wholly owned subsidiary Ithaca Energy (UK) Limited (“Ithaca” or “the Company”), an independent oil & gas company with exploration, development and production assets in the UK sector of the North Sea, is pleased to announce increasing production throughout Q2 2010 and [...]
July 6,2010 -- The World Bank has approved a credit worth US $146 million for the second phase of a project to rehabilitate and modernize the Jinnah Barrage on the Indus River and to improve irrigation and water management. ....
July 6,2010 -- Brazil's 210-MW Serra do Facao hydropower plant is projected to come online within three months, the president of project developer Serra do Facao Energia consortium told wire services. ....
Baker Hughes Incorporated (NYSE: BHI) ("Baker Hughes") announced today that its subsidiaries have signed an agreement to sell a package of assets including two stimulation vessels (the HR Hughes and Blue Ray) and certain other assets used to perform sand control and stimulation services in the US Gulf of Mexico to a subsidiary of Superior Energy Services, Inc. (NYSE: ... more
Cumberland Oil & Gas Ltd. (TSXVENTURE:COG) ("Cumberland") announced today that it hasclosed its previously announced private placement ... more
Pulse Seismic Inc. ("Pulse"or the "Company")(TSX:PSD) is pleased to announce that ithas signed a binding letter of intent to purchase the ... more
MEG Energy Corp. (MEG) today filed an amended and restated preliminary prospectus with the securities regulatory authorities in each of the provinces and territories of Canada in connection with a proposed initial public offering of its common shares.
The underwriting syndicate is led by Credit Suisse Securities (Canada), Inc., BMO Nesbitt Burns Inc., Barclays Capital ... more
Canada Lithium Corp. (TSX: CLQ; U.S. OTCQX: CLQMF) announced today that the major components of the definitive Feasibility Study (FS) for the re-development of the Quebec Lithium mine are now under way and on schedule for completion in the First Quarter 2011.
The major components of the FS are as follows:
Resource Drilling Program: ... more
Ithaca Energy Inc. (TSX Venture: IAE, LSE AIM: IAE) and its wholly owned subsidiary Ithaca Energy (UK) Limited (“Ithaca” or “the Company”), an independent oil & gas company with exploration, development and production assets in the UK sector of the North Sea, is pleased to announce increasing production throughout Q2 2010 ... more
EnCore Oil plc (LSE: EO.) is pleased to provide an update on the Catcher South West Appraisal side-track well located in UK Central North Sea block 28/9.
The 28/9-1Y well was drilled to a Total Depth of 6,255 feet Measured Depth (M.D.) having successfully encountered excellent quality oil bearing reservoir sandstones at the target Cromarty Sandstone level. Initial analysis ... more
ABB announced today that it has signed a frame agreement worth up to $23 million to deliver and maintain telecommunications systems for all of Statoil’s offshore installations. The agreement runs for three years, with an option for an extra year, and covers all internal and external telecommunications systems for Statoil’s offshore operations on the Norwegian continental ... more
Orion Energy International Inc. ("Orion") is pleased to announce that the company's controlling shareholder, Dr. Louis Yang, has recently entered into a memorandum of understanding ("MOU") with Hong Kong listed Genesis Energy Holdings Limited ("Genesis Energy", to be renamed as 'Sino Oil and Gas Holdings Limited', HKEx: 702). Pursuant to the MOU, Genesis Energy plans to acquire ... more
Today, the American Energy Alliance (AEA) launches Save U.S. Energy Jobs, a project to promote jobs in the U.S. energy sector, to ensure that citizens are informed about the importance of energy jobs to the American economy and American consumers, and to educate citizens about how the U.S. energy industry addresses safety and health issues.
AEA President Thomas ... more
C.A.T. oil AG (FWB:O2C, ISIN: AT0000A00Y78), one of the leading providers of oil and gas field services in Russia and Kazakhstan, has been announced as the winner of two tenders, through its operating subsidiary CATKoneft, for hydraulic fracturing services in Western Siberia with one of its core customers LUKOIL.
Assuming a new average EUR/RUR exchange rate of 39, the ... more
The Norwegian transport corporation Fjord1 has entered into a contract with more
Samson Oil & Gas Limited (ASX:SSN) (NYSE AMEX:SSN) advises that in response to its Share Purchase Plan that it has received applications for 276 million ordinary shares or 13.8 million ADS’s representing funds of approximately A$9.3 million or US$7.8 million, on Friday’s closing exchange rate of 0.8488.
Samson Directors are awaiting all subscribed funds ... more
Monday, Jul 05, 2010
The Norwegian pump specialist Framo Engineering has approved Castrol Brayco Micronic SBF (Subsea Barrier Fluid) for use in its industry leading subsea multiphase booster pumps.
The Norwegian pump specialist Framo Engineering has approved Castrol Brayco Micronic SBF (Subsea Barrier Fluid) for use in its industry leading subsea multiphase booster pumps.
Tightening offshore environmental legislation means that conventional oils are now being phased out for sensitive subsea applications in areas such as the North ... more
Monday, Jul 05, 2010
Leading international oilfield service company Expro today announces contract wins worth £250million across its operations worldwide.
Leading international oilfield service company Expro today announces contract wins worth £250million across its operations worldwide.
Expro, which provides well flow management solutions to the global oil and gas industry, has experienced a period of significant activity in the North Sea, and today reveals a global order book of over £700million.
more
Palko Environmental Ltd. ("Palko Environmental") (TSX:PLK) is pleased to announce the closing of its previously announced proposed transaction (the "Business Combination") with Palko Energy Ltd. ("Former Palko"), its previously announced $3 million private placement financing (the "Financing") by Gibson Energy ULC ("Gibson"), and the extension of its existing short-term and long-term ... more
PetroCorp Group Inc. ("PetroCorp") is issuing this press release pursuant to Section 3.1 of National Instrument 62-103 in respect of an acquisition of certain securities of Petrowest Energy Services Trust (the "Issuer").
Pursuant to the recently completed rights offering of the Issuer qualified by a prospectus dated May 26, 2010, PetroCorp acquired ownership of 17,857,143 ... more
Northern Offshore, Ltd. (Oslo Bors: NOF.OL) reported today that upon completion of the shipyard work announced May 3rd, the drillship Energy Searcher departed Singapore, has returned to Vietnam and has resumed operations under its drilling contract with the Joint Operating Company Vietgazprom, a joint venture between Petrovietnam and Gazprom. Operations resume with the fourth well ... more
Rowan Companies, Inc. ("Rowan" or the "Company") (NYSE: RDC) announced today that it has entered into a Share Purchase Agreement (the "Agreement") with Skeie Technology AS, Skeie Tech Invest AS and Wideluck Enterprises Limited and has obtained irrevocable commitments from Skeie Holding AS and Trafalgar AS (collectively, the "Sellers") enabling Rowan to purchase each share of ... more
Avro Energy, Inc. (OTCBB:AVOE) is pleased to provide the following update to its projects in South Arkansas completed during the week of June 27, 2010:
Donny Fitzgerald, the Company's director of operations, supervised a road construction crew to upgrade approximately one mile of road to the Johnson Beck No. 1 Well in South Arkansas. This was done to make it easier ... more
Baron Energy, Inc. (OTCBB:BROE) ("Baron" or the "Company"), an independent oil and gas company, announced today that it has relocated its headquarters from Midland, Texas to New Braunfels, Texas effective immediately.
This move consolidates corporate headquarters with administrative offices and locates Baron closer to Houston, Texas, the center of the domestic oil ... more
Lucas Energy, Inc. (NYSE Amex:LEI), an independent oil and gas company (the "Company") based in Houston, Texas, today announced that the Company has closed the second part of its Eagle Ford joint venture with Hilcorp Energy I, L.P., an affiliate of Hilcorp Energy Company, one of the largest privately owned oil and gas companies in the United States. Hilcorp Energy I, L.P. has ... more
Odfjell has today signed an agreement with Daewoo Shipbuilding & Marine Engineering Co., Ltd (DSME) to build one fully IMO II 75,000 dwt chemical tanker with 31 coated tanks for delivery first half 2013 at a total price of about USD 65 million.
On the same date our J/V partners National Chemical Carriers of Saudi Arabia (NCC) has ordered a sister vessel with ... more
Compton Petroleum Corporation (TSX - CMT) is pleased to announce that it has completed one of the sales transactions from its previously announced disposition of a portion of its assets in the Niton and Gilby areas in Central Alberta for proceeds of $115 million. Gross proceeds from both sales transactions are expected to be $150 million, with the remaining sales transaction expected ... more
BP today provided an update on developments in the response to the MC252 oil well incident in the Gulf of Mexico.
Subsea Source Control and Containment
Two containment systems continue to collect oil and gas flowing from the Deepwater Horizon's failed blow-out preventer (BOP) and transport them to vessels on the surface.
The ... more
Westport Innovations Inc. (TSX:WPT/NASDAQ:WPRT), a global leader in alternative fuel, low emissions transportation technologies, today announced that it has acquired 100% of the outstanding shares of OMVL SpA and OMVL's 51% share of Juniper Engines Inc. ("Juniper"), for a combined consideration of (euro)19.0 million (approximately US$23.4 million). Westport expects to pay (euro)11.4 ... more
Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) today closed the previously announced acquisition of Shelter Bay Energy Inc. ("Shelter Bay") by way of plan of arrangement (the "Arrangement"). With completion of the Arrangement, Crescent Point further solidifies its position as the dominant player in each of the Bakken and Lower Shaunavon oil resource ... more
W&T Offshore, Inc. (NYSE:WTI) today announced the resignation of W. Reid Lea from his position as the Company's Executive Vice President and Manager of Corporate Development. Mr. Lea, whose resignation is effective July 2, 2010, is leaving to pursue other business opportunities. ... more
May was a month of “firsts” for natural gas transportation initiatives on both a federal and state level. In addition to announcing a $4,000 Federal Income Tax Credit for the more
Delmarva Power today asked the Delaware Public Service Commission (PSC) to authorize an increase in its gas delivery rates to cover the increased cost of operations, maintenance and capital investment expenditures. For a residential customer with a usage pattern at or near the class average, the monthly bill impact of the full proposed rate increase is $6.99, or 8.1 percent of ... more
July 2,2010 -- Global engineering and consulting firm Poyry has been awarded contracts by Austrian utility Verbund for the provision of engineering services and for site supervision during construction of the 430-MW Reisseck II pumped-storage hydro plant.......
SBM Offshore N.V. Receives Extensions on Contracts for the LPG FSO NKOSSA II and for FSO Unity from Total
02-07-2010
Cape Announces Joint Venture with State Oil Company of Azerbaijan
01-07-2010
Aker Solutions awarded inspection services frame agreement of NOK 730 million
01-07-2010
Statoil signs frame agreements worth NOK 49 billion
30-06-2010
Baosteel Group Xinjiang Bayi Steel and CNPC Tubular Goods [...]
Angle Energy Inc. ("Angle" or the "Company") (TSX:NGL) announced it has successfully closed the previously announced acquisition of certain oil and gas properties and related assets (the "Assets") located adjacent to Angle's existing assets in the Company's Edson core area (the "Acquisition") for $115 million prior to closing adjustments. Through this Acquisition, Angle acquired ... more
Chinook Energy Inc. ("Chinook") is pleased to announce that it has completed the acquisition of oil and natural gas properties currently producing approximately 1,200 boe/d in the Gilby area of West Central Alberta from an intermediate producer for $46.25 million, before closing adjustments (the "Gilby Acquisition"). The Gilby Acquisition was funded with a portion of the proceeds ... more
Canadian Energy Services & Technology Corp. ("CESTC" or the "Corporation") (TSX:CEU) is pleased to announce that it has closed its previously announced acquisition of Fluids Management II, Ltd. ("FMI") to acquire all of the drilling fluids business assets of FMI, and certain additional assets relating to FMI from two affiliates of FMI, Brookshire Investment ... more
OPTI Canada Inc. (OPTI) (TSX:OPC) is pleased to announce the appointment of David Halford to its Board of Directors.
Mr. Halford is the Executive Vice President, Finance and Chief Financial Officer of ENMAX Corporation. He is responsible for all financial policy, planning and reporting, risk management, corporate finance, tax and treasury functions of ENMAX and its ... more
Alamo Energy Corp. (OTCBB:ALME), is pleased to provide a drilling update on the Hubbard 1-H well, Hubbard Lease, Brown County, Texas located on 453 acres.
Following a successful cement squeeze of the Caddo formation perforations, the rig encountered a large oil and gas kick while drilling out the bridge plug set above the Barnet Shale.
It was decided to ... more
Capstone Turbine
Corporation (www.capstoneturbine.com ) (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems, sold the low-emission C600 microturbine to one of the largest natural gas producers in the United States.
The company is producing natural gas from six key reserves ... more
Black Dragon Resource
Companies, Inc.'s ("the Company", "Dragon") (Pink Sheets:BDGR) Chairman and CEO Mr. Scott D. Smith is pleased to announce today that the Humble EOR Project produced 450 gross barrels of oil in the month of May from the productive wells drilled without any EOR techniques being applied.
The project geologist estimates the ... more
TORONTO, July 1 /CNW/ - Pacific Rubiales Energy Corp. (TSX: PRE; BVC: PREC) announced today the commencement of a consent solicitation (the "Consent Solicitation") with respect to an amendment to the indenture governing the Company's outstanding 8.750% senior notes due 2016 (the "Notes") pursuant to the Company's Consent Solicitation Statement, dated as of June 30, 2010, ... more
EDMONTON, June 30 /CNW/ - E-T Energy Ltd. (E-T Energy) announced that it has been chosen by Alberta's Climate Change and Emissions Management (CCEMC) Corporation to receive up to $6.86 million in co-funding for a demonstration project that will use a proprietary electrical heating technology to produce bitumen from oil sands. The Electro-Thermal Dynamic Stripping Process ... more
Savanna Energy Services Corp. ("Savanna") has received formal notification from its customer, a global integrated oilfield services company, regarding its 4 rig drilling contract in Chicontepec Mexico. Savanna's customer has advised that it has received operator notification that the pace of drilling, and potentially the absolute number of wells to be drilled, under the contract ... more
AGL Resources (NYSE: AGL) subsidiary Jefferson Island Storage & Hub, LLC (JISH) today announced that it has filed a permit application with the Louisiana Department of Natural Resources to expand its natural gas storage facility near the Henry Hub.
JISH currently operates two natural gas storage caverns in the Jefferson Island salt dome approximately 4,000 ... more
Black Hills Corp. (NYSE:BKH) today announced it will be celebrating 30 years as a listed company on the New York Stock Exchange by ringing the closing bell at 4 p.m. EDT Friday, July 9, 2010. At the invitation of the NYSE, Black Hills leaders will participate in the closing bell ceremony.
more
SBM Offshore N.V. is pleased to announce the following:
1. Extension of the LPG FSO NKOSSA II lease and operate contract from Total E&P Congo
more
Speaker Nancy Pelosi released the following statement following passage of H.R. 5503, the SPILL Act ("Securing Protections for the Injured from Limitations on Liability Act"), a bill to ensure just compensation for maritime disaster victims. The legislation passed the House this afternoon by a voice vote.
"The family members of the 11 people who were killed on the Deepwater ... more
East Resources, Inc., today released the following statement regarding the order issued by the Department of Agriculture to quarantine cattle on the Tioga County farm owned by Don and Carol Johnson in Shippen Township, Tioga County. East performed a hydraulic fracturing operation on a horizontal Marcellus shale gas well drilled on the farm that the Johnsons leased to East.
On ... more
Key Energy Services, Inc. (NYSE: KEG) appointed Tommy Pipes to the new position of Senior Vice President - Industry Relations effective June 21, 2010. Mr. Pipes has responsibility over maintaining executive level relationships with Key's diverse customer base and helping to ensure ... more
Earlier this year, Helix Energy Solutions Group, Inc. (NYSE:HLX) announced the engagement of advisors to evaluate strategic alternatives for a potential divestment of its oil and gas business. The Company remains committed to the pursuit of this objective as it is consistent with ... more
The Foundation for Defense of Democracies (FDD) congratulates President Obama and the U.S. Congress for enacting a comprehensive Iran sanctions bill with overwhelming bipartisan support.
“The Iranian people would be heartened if additional sanctions proved unnecessary, and Iran's international business partners chose to stop enabling the regime to repress ... more
Boart Longyear Limited (ASX: BLY) today announces the release of four new products during the first half of 2010. Products released include next-generation surface-set bits, a new portable drill rig, upgraded and expanded diamond coring bits and a new rotary drill head. These new industry-leading products feature unique technology advances for drilling contractors in both ... more
MarkWest Energy Partners, L.P. (NYSE:MWE) announced today the execution of a new $700 million senior secured revolving credit facility with a syndicate of banks led by Wells Fargo Securities, LLC and RBC Capital Markets as Joint Lead Arrangers and Joint Lead Bookrunners.
“We appreciate the support of a strong lender group, several of whom have maintained ... more
Arena Resources, Inc. (NYSE: ARD) (“Arena”) announced today the expiration of the “go shop” period allowed under its amended merger agreement with SandRidge Energy, Inc. (NYSE: SD).
During the 30-day “go shop” period which commenced on June 1, 2010, Arena was permitted to solicit, initiate and encourage the submission of takeover proposals, ... more
World Fuel Services Corporation (NYSE: INT) announced today that its wholly-owned subsidiary, World Fuel Services, Inc., has completed the previously announced acquisition of select assets of Lakeside Oil Company, Inc. (“Lakeside”), including the assets comprising Lakeside’s wholesale motor fuel distribution business.
“We are very excited ... more
Subsea 7 Inc (OSE Symbol: SUB) can confirm today that the US $75m North Sea pipeline bundle contract award it announced on 26th April 2010 was for Apache North Sea Ltd’s Bacchus Subsea Development Project in the UK sector of the North Sea.
Are you looking for a manufacturer to supply Communication Cable Protection in Iran? Scapa Cable Solutions are a leading supplier of Communication Cable Protection in Iran and through out Middle East.
With broadband companies competing to offer increased levels of service to online businesses and home users, fibre optic cables are becoming an increasingly popular solution, providing higher speed [...]
Are you looking for all the latest Bacchus Subsea Development Project and Contract Awards?
Projects OGP is Published monthly focus’s on recently awarded projects contracts and awards in the global Oil, Gas and Petrochemical upstream and downstream sectors.
Subscribers to Projects OGP will benefit from receiving the latest industry news, all of which relates to recently awarded [...]
Rex Energy Corporation (”Rex Energy”) (Nasdaq:REXX) announced today that is has entered into a purchase and sale agreement with an undisclosed private company to acquire approximately 26,900 gross (18,700 net) acres in the DJ Basin for approximately $18.7 million. The acreage is located in close proximity to the Silo Field, a producing Niobrara oil field [...]
Are you looking for a manufacturer or distributor to supply Distribution Systems in Turkey? MCI are a leading supplier of Distribution Systems in Turkey and through out Middle East.
MCI offer a range of custom built equipment suitable for Hazardous Areas, Junction Boxes, Starters, Control Panels, Motor Control Centre’s, Distribution Boards are among the items built. Standard products [...]
Avro Energy, Inc. (OTCBB:AVOE) is pleased to provide the following update to its projects in South Arkansas completed during the week of June 27, 2010:
Are you looking for a supplier of Management System Software to help manage your project in Egypt? Matrix Management Systems are specialists in providing Management System Software to manage oil and gas projects and operations in Egypt.
The MAT-Sys™ Matrix Management System is the only product of its kind on the market. It’s based on the [...]
Cape plc, the international provider of essential, non-mechanical industrial services principally to the energy and mineral resources sectors, is pleased to announce the establishment of a Joint Venture with the State Oil Company of Azerbaijan (SOCAR). The SOCAR-Cape JV, owned 51% by SOCAR and 49% by Cape, will pursue opportunities associated with the future development [...]
Basic Function
Working within a multi-disciplinary team and reporting to the Subsurface Team Leader, this role will involve data acquisition and evaluation, production performance monitoring, history-matching simulation models and infill well planning.
Principal Accountabilities
* Gain a good understanding of field performance
* Undertake analysis of PVT and SCAL data when required
* Perform well test analysis
* Construct/maintain material balance [...]
Seadrill has taken delivery of the new deepwater drillship West Gemini from the Samsung Shipyard in South Korea. The unit was delivered on budget and one day ahead of original delivery schedule. The vessel will carry out a simulated drilling operation in Korean waters before relocation to Angola in West Africa to commence operations under [...]
Chapman Freeborn provides private jet charter and air charter services for corporate executives, VIP, business, and incentive travel. Aircraft charter types include Gulfsteam private jets, Learjets, Cessna private jets, and Bombardier private jet charters for VIP and executive travel, helicopters, and large Boeing and Airbus aircraft for group travel and crew rotations.
Chapman Freeborn is the [...]
July 1,2010 -- Voith Hydro has won a contract to supply equipment to rehabilitate the Rodund II hydropower plant in Austria, which was damaged during a fire last summer, Voith announced. ....
Stoneleigh Engineering Services manufacture, overhaul and supply a complete cross of commercial and industrial valves and actuators for the commercial, government, military and business sectors as required in the off shore operating arena.
Stoneleigh Engineering Services manufacture, overhaul and supply a complete cross of commercial and industrial valves and actuators for the commercial, government, military and business sectors as required in the off shore operating arena.
Avro Energy, Inc. (OTCBB:AVOE) is pleased to provide the following update to its projects in South Arkansas completed during the week of June 27, 2010:
Donny Fitzgerald, the Company's director of operations, supervised a road construction crew to upgrade approximately one mile of road to the Johnson Beck No. 1 Well in South Arkansas. ... more
Rex Energy Corporation ("Rex Energy") (Nasdaq:REXX) announced today that is has entered into a purchase and sale agreement with an undisclosed private company to acquire approximately 26,900 gross (18,700 net) acres in the DJ Basin for
approximately $18.7 million. The acreage is located in close proximity to the Silo Field, a ... more
Doral Energy Corp. (OTCBB:DRLY) ("Doral" or "the Company") announced today that it has closed on 6,800 acres of operated producing oil and gas assets within Southeastern New Mexico for a total purchase price of $1,700,000. The acquisition
consists of 15 leases currently producing approximately 54 BOPD (8/8ths) with Working Interests ... more
Baron Energy, Inc. (OTCBB:BROE) ("Baron" or the "Company"), an independent oil and gas company, announced today that it has relocated its headquarters from Midland, Texas to New Braunfels, Texas effective immediately.
This move consolidates corporate headquarters with administrative offices and locates Baron closer to Houston, ... more
CALGARY, June 30 /CNW/ - Base Oil & Gas Ltd. ("Base" or the "Company") (TSX VENTURE: BOG) has closed the final tranche of its previously announced non-brokered private placement (the "Private Placement") for aggregate gross proceeds of $395,549.90. The Company issued 1,318,499 common shares on a "flow-through" basis under the Income Tax Act (Canada), at a price of $0.30 per ... more
CALGARY, June 30 /CNW/ - Base Oil & Gas Ltd. ("Base" or the "Company") (TSX VENTURE: BOG) has closed the final tranche of its previously announced non-brokered private placement (the "Private Placement") for aggregate gross proceeds of $395,549.90. The Company issued 1,318,499 common shares on a "flow-through" basis under the Income Tax Act (Canada), at a price of $0.30 per ... more
Forbes Energy Services Ltd. (TSX: FRB) today announced that it has completed the repurchases of the 11% Senior Secured Notes due 2015 required by the indenture governing such notes. In total, $7,250,000 principal amount of such 11% Senior Secured Notes were repurchased in 2010 in the open market (in addition to the $5,250,000 in principal amount repurchased in the open market ... more
AGL Resources (NYSE:AGL) subsidiary Jefferson Island Storage & Hub, LLC (JISH) today announced that it has filed a permit application with the Louisiana Department of Natural Resources to expand its natural gas storage facility near the Henry Hub.
JISH currently operates two natural gas storage caverns in the Jefferson Island salt dome approximately 4,000 feet below ... more
"Financial preservation rules BP's cleanup strategy," said Fred McCallister, an investment banker with Allegiance Capital Corporation, in comments prior to his testimony today before the U.S. Senate Committee on Commerce, Science and Transportation. McCallister spoke regarding the red tape he's encountered in trying to bring European oil skimming vessels to aid Gulf States cleanup ... more
Perpetual Energy Inc. ("Perpetual" or the "Corporation") (TSX - PMT) announced today that it has completed the previously announced plan of arrangement (the "Arrangement") involving Perpetual, Paramount Energy Trust (the "Trust") and Paramount Energy Operating Corp. ("PEOC"), pursuant to which the Trust converted into the Corporation.
Unitholders of the Trust voted ... more
Seadrill has taken delivery of the new deepwater drillship West Gemini from the Samsung Shipyard in South Korea. The unit was delivered on budget and one day ahead of original delivery schedule. The vessel will carry out a simulated drilling operation in Korean waters before relocation to Angola in West Africa to commence operations under a two-year contract with Total.
more
Cape plc, the international provider of essential, non-mechanical industrial services principally to the energy and mineral resources sectors, is pleased to announce the establishment of a Joint Venture with the State Oil Company of Azerbaijan (SOCAR). The SOCAR-Cape JV, owned 51% by SOCAR and 49% by Cape, will pursue opportunities associated with the future development of the ... more
Statoil has awarded Aker Solutions a significant part of the frame agreement for inspection services on all of their offshore installations and onshore plants in Norway. The contract period is for four years with options for further extensions up to four years. The yearly volume of the contract will fluctuate, but Aker Solutions estimates the typical value to be approximately ... more
Xcel Energy is now operating a first-of-its-kind demonstration of a hybrid solar-coal approach, using parabolic-trough solar technology integrated with a coal-fired power plant. The project, located at Xcel Energy’s Cameo Generating Station near Grand Junction, Colo., is designed to increase the plant’s efficiency, decrease the use of coal, test the commercial viability ... more
Encore Bits LLC, a privately held company providing innovative PDC drill bits for the oil & gas industry, announced today it received a patent for a revolutionary process designed to selectively leach PDC cutters.
“The new patented process invented by Encore allows us to only leach the drilling edge of the cutter. This gives the cutter the best ... more
The Public Service Commission of South Carolina today voted unanimously to approve an overall increase in retail electric revenues of approximately $101.2 million, or 4.88 percent, for South Carolina Electric & Gas Company, principal subsidiary of SCANA Corporation (NYSE: SCG). SCE&G President Kevin Marsh said the company’s need for rate relief was driven primarily ... more
Allis-Chalmers Energy Inc. (NYSE: ALY) is pleased to announce that it embarked on an aggressive plan at the end of 2009 to certify and recertify its existing inventory of blow out preventors (BOPs) and components. This was done well before the new Minerals Management Service guidelines were instituted in the use of BOPs and other pressure control equipment that requires all BOPs ... more
Clean Energy Fuels Corp. (Nasdaq: CLNE) has contracted with major solid waste operator Republic Services (NYSE: RSG) to deliver clean-burning, environmentally friendly LNG fuel to three Republic divisions in California: Republic Waste Services of Southern California, Consolidated Disposal (Los Angeles County) and Solano Garbage (City of Fairfield) through April 2015. Together, ... more
EXCO Resources, Inc. (NYSE:XCO) (“EXCO”) today announced that it closed the purchase jointly with BG Group, plc (LSE: BG.L) (“BG Group”) of properties in Shelby, San Augustine and Nacogdoches Counties, Texas representing approximately 20,000 net acres prospective for the Haynesville and Bossier shales from Southwestern Energy Company (NYSE:SWN). The total ... more
ConocoPhillips (NYSE:COP) and Pilot Travel Centers have completed the sale of ConocoPhillips’ 50 percent partnership interest in the CFJ Properties - Flying J truck stops to Pilot Travel Centers for $626 million, subject to normal purchase price adjustments. The transactions also include long-term product supply agreements with Pilot.
“We’re ... more
As the next stage of its ongoing succession planning efforts, the board of directors of Puget Sound Energy named Kimberly J. Harris, 46, president of Washington state’s oldest local energy utility effective today reporting to CEO Steve Reynolds. It is anticipated that Harris will assume the additional role of CEO upon Reynolds’ retirement in 2011.
“Thoughtful ... more
CCEMC doles out $28.1 million in third round of funding
Anyone looking to forecast China’s oil demand can look to its export growth, as the two have been highly correlated.
Source: CEIC, B of AML Global Commodities Research
Total announces the acquisition of a 20% interest from Shell in the BM-S-54 license in the Santos Basin. Shell holds the remaining 80% and keeps the operatorship. This acquisition is subject to approval from the Brazilian authorities.
The offshore block, located about 200 kilometres south of Rio de Janeiro, covers an area of 700 square kilometres in water depth of approximately ... more
Wednesday, Jun 30, 2010
Schlumberger announced today the release of the HiWAY* flow-channel hydraulic fracturing technique. This new technique maximizes production and hydrocarbon recovery through the creation of open flow channels within the propped fracture.
June 30,2010 -- The New York Power Authority announced it is planning a major overhaul of the 2,755-MW Niagara Power Project’s Lewiston Pump Generating-Plant to extend the life of the hydroelectric project’s auxiliary facility and enhance its perfo.......
Petrobras Awards FMC Technologies $300 Million Subsea Manifold Frame Agreement
29-06-2010
Castrol Offshore wins Aseng
25-06-2010
TGS Commences High Density Multi-client 3D Data Acquisition for Moray Firth Survey
23-06-2010
Technip awarded term agreement with BG in the North Sea
22-06-2010
FMC Technologies Awarded $70 Million Pan Pandora Contract
22-06-2010
EMGS awarded largest ever marine 3D EM contract
21-06-2010
Aker Solutions wins another subsea contract with [...]
Pan Orient Energy Corp. (TSX VENTURE:POE) - Concession L44 (Pan Orient 60% Working Interest and Operator)
Bo Rang "B" Field
L44W-A15-2, a deviated appraisal well located approximately 1.1 kilometers east of the BR-3 and BR-4D1 surface location, encountered the top of the Bo Rang "B" volcanic target at a depth of -473m true vertical ... more
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 29, 2010) - Nextraction Energy Corporation (TSX VENTURE:NE) (the "Company") announced today that its wholly-owned subsidiary, Nextraction Energy (US) Inc. ("Nextraction"), and its operating partner, Vantage Energy ("Vantage" - see press release dated January 26, 2010), have commenced completion operations for the Noble 6-24 well ... more
CALGARY, ALBERTA--(Marketwire - June 30, 2010) - Daylight Energy Ltd. ("Daylight" or the "Corporation") (TSX:DAY) today announced it has reached an agreement with a private company, Gear Energy Ltd. ("Gear"), to sell certain of Daylight's oil and natural gas assets in Eastern Alberta for aggregate consideration of $125 million, consisting of $100 million in cash and $25 million ... more
Recently Bayi Steel and CNPC Tubular Goods Research Institute signed the framework agreement for strategic cooperation officially. With the principles of collaborating of the strong ones to complement the advantages, share the resources and cooperate for win-win, both parties will comprehensively strengthen the cooperation in oil tubular goods project to enhance Bayi Steel's ... more
CALGARY, June 29 /CNW/ - CanElson Drilling Inc. ("CanElson" or the "Company") (TSX VENTURE:CDI) is pleased to announce that it has closed the previously announced $29.7 million bought deal financing (the "Financing") with a syndicate of underwriters led by Peters & Co. Limited and including Lightyear Capital Inc., HSBC Securities and Thomas Weisel Partners
(collectively ... more
Schlumberger announced today the release of the HiWAY* flow-channel hydraulic fracturing technique. This new technique maximizes production and hydrocarbon recovery through the creation of open flow channels within the propped fracture.
?HiWAY redefines hydraulic fracturing by removing the link between flow within the fracture and proppant pack conductivity,? said Patrick Schorn, ... more
Statoil is entering into frame agreements involving maintenance and modification work valued at NOK 49 billion, options included.
The agreements, which have duration of four years with two two-year extension option, will occupy more than 5,000 people during the period.
Five companies have given their assent to the letters of intent sent by Statoil on behalf ... more
Honeywell (NYSE:HON) today announced it has been selected to help Abu Dhabi Gas Development Company Ltd achieve safe and efficient production at the Shah Gas Development Project, which is expected to significantly increase the Emirate's domestic gas supply. ... more
Equatorial Guinea (Republica de Guinea Ecuatorial) President Teodoro Obiang Nguema Mbasogo promised accountability and transparency in an historic speech at the 2010 Global Forum in Cape Town, South Africa. President Obiang also expressed his intention to use oil resources in compliance with the rules of the Extractive Industries Transparency Initiative (EITI).
"We ... more
Fred McCallister, an investment banker with Allegiance Capital Corporation, will testify tomorrow before the Senate Commerce, Science and Transportation Committee in a hearing titled "The Deepwater Horizon Tragedy: Holding Industry Accountable". For weeks, McCallister has labored to pierce the red tape involved in bringing oil skimmers and other equipment from ... more
DCP Midstream, LLC today announced that it has acquired the Liberty gathering system and south Raywood processing plant from Ceritas Energy in Liberty County, Texas. The Liberty gathering pipeline system will interconnect with DCP Midstream's Centana Intrastate Pipeline (CIPCO) system in southeast Texas, which will provide additional flexibility and capacity to serve customers ... more
Kodiak Oil & Gas Corp. (NYSE Amex: KOG), an oil and gas exploration and production company with assets in the Williston Basin of North Dakota and Montana and in the Green River Basin of southwest Wyoming and Colorado, today provided an interim update on its Williston Basin oilfield activities.
Kodiak currently operates a two-drilling-rig program in the Williston ... more
Energy, Inc. (NYSE Amex: EGAS) (the "Company"), a natural gas utility company serving approximately 62,000 customers in six states, announced today that is has filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to the public offering of up to 2,500,000 shares of its common stock, of which 1,500,000 shares will be sold by the Company ... more
Forbes Energy Services Ltd. (TSX: FRB) today announced that it has completed the repurchases of the 11% Senior Secured Notes due 2015 required by the indenture governing such notes. In total, $7,250,000 principal amount of such 11% Senior Secured Notes were repurchased in 2010 in the open market (in addition to the $5,250,000 in principal amount repurchased in the open market ... more
Endeavour International Corporation (NYSE-Amex: END) announced today that the United Kingdom Department of Energy and Climate Control (DECC) has approved plans for the development of the Baachus oil field in Block 22/6a in the Central North Sea. Endeavour holds a 10 percent interest in the 2005 discovery.
"We are pleased that the energy minister has accepted our ... more
Penn Virginia Resource Partners, L.P. (NYSE:PVR) and Penn Virginia GP Holdings, L.P. (NYSE:PVG) today announced that Bruce D. Davis, Jr. has been elected Executive Vice President and General Counsel of the general partner of both PVR and PVG, effective immediately.
“We are pleased to welcome Bruce to PVR and PVG as General Counsel and believe his ... more
Willdan Group, Inc. (“Willdan”) (NASDAQ: WLDN), today announced that its wholly-owned subsidiary, Willdan Homeland Solutions (“WHS”), in conjunction with Ebbert & Associates, is currently providing support to the Deepwater Horizon oil spill response efforts along the Louisiana Gulf Coast.
“Willdan Homeland Solutions is ... more
Enterprise Products Partners L.P. (NYSE:EPD) today announced several new construction projects that will further extend and expand its natural gas and natural gas liquids (NGL) infrastructure in South Texas and Mont Belvieu, Texas to accommodate growing production volumes from the Eagle Ford Shale play. As part of the initiative, Enterprise plans to install 350 miles of pipelines, ... more
TheWeatherBug Meteorological Operations Team is actively tracking the path of Tropical Storm Alex as it churns over the warm southwestern Gulf of Mexico with hurricane formation likely later today. Meteorologists are available 24x7 to provide the media with expert commentary and information on current conditions; impact analysis and recommendations on public safety preparations ... more
Southern Union Company (NYSE:SUG) today announced that it has called for redemption on July 30, 2010 all currently outstanding Depositary Shares (NYSE:SUG PrC) representing interests in its 7.55% Noncumulative Preferred Stock, Series A without par value (Depositary Shares) at $25 per share plus accrued and unpaid dividends.
more
Tuesday, Jun 29, 2010
Hydrostatic Turbines are self sustainable electric power plants designed to operate underwater at depth.
June 29,2010 -- China Southern Power Grid has reached agreements with the government of Laos to build a national power grid and a hydropower project in the country, wire services reported. ....
Tuesday, Jun 29, 2010
Voyager Oil & Gas, Inc.
(OTCBB:VYOG) today announced that it has signed an exploration and development agreement with Slawson Exploration Company, Inc. to develop Slawson’s 48,000 net acres in the Denver-Julesberg Basin Niobrara Formation in Weld County, Colorado in close proximity to several high-rate producers.
Are you looking for a manufacturer to supply Communication Cable Protection in Turkey? Scapa Cable Solutions are a leading supplier of Communication Cable Protection in Turkey and through out Middle East and Europe.
With broadband companies competing to offer increased levels of service to online businesses and home users, fibre optic cables are becoming an increasingly popular solution, providing [...]
Tuesday, Jun 29, 2010
FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed a four-year subsea manifold frame agreement with Petrobras (NYSE: PBR, PBRA), Brazil’s national oil company. The award is expected to result in approximately $300 million in revenue to FMC Technologies if all of the subsea equipment included in the agreement is [...]
Are you looking for all the latest Gaupe Field Project and Contract Awards?
Projects OGP is Published monthly focus’s on recently awarded projects contracts and awards in the global Oil, Gas and Petrochemical upstream and downstream sectors.
Subscribers to Projects OGP will benefit from receiving the latest industry news, all of which relates to recently awarded projects and [...]
Tuesday, Jun 29, 2010
Mesa Offshore Trust (OTCBB: MOSH) announced today that Pioneer Natural Resources USA, Inc. (“Pioneer”), in its capacity as Managing General Partner of Mesa Offshore Royalty Partnership (the “Partnership”), informed the Trustee that it filed a Certificate of Termination with the Secretary of State of the State of Texas on June 23, 2010 [...]
Are you looking for a manufacturer or distributor to supply Distribution Systems in Syria? MCI are a leading supplier of Distribution Systems in Syria and through out Middle East.
MCI offer a range of custom built equipment suitable for Hazardous Areas, Junction Boxes, Starters, Control Panels, Motor Control Centre’s, Distribution Boards are among the items built. Standard products [...]
Tuesday, Jun 29, 2010
Foster Wheeler AG (Nasdaq: FWLT) announced today that its Global Engineering and Construction Group has been awarded a contract by GDF SUEZ to carry out the pre-front-end engineering design (pre-FEED) for the development of an onshore LNG plantand offshore gas gathering infrastructure. The project seeks to establish a national gas transportation network [...]
Are you looking for a supplier of Management System Software to help manage your project in Dubai? Matrix Management Systems are specialists in providing Management System Software to manage oil and gas projects and operations in Dubai.
The MAT-Sys™ Matrix Management System is the only product of its kind on the market. It’s based on the [...]
Tuesday, Jun 29, 2010
Aker Solutions has secured a three-year contract extension for engineering and construction work with client Nexen Petroleum UK Limited in the UK sector of the North Sea. Aker Solutions estimates the contract value to be approximately GBP 60 million.
Our client, internationally renowned for providing oilfield engineering services including new build construction, upgrades and refurbishment of land rigs is currently seeking a highly experienced General Manager to join their executive team.
Job Details
Location: United Arab Emirates
Salary: Basic + bonus + accommodation + education for dependants + car + fuel card + healthcare etc.
Working Locations: Site
Posted: [...]
Tuesday, Jun 29, 2010
• The moored 1,500′ drillship Frontier Duchess operating under contract for NPDC in Nigeria until third quarter 2010 at a dayrate of $308,000;
Contacts
FAQ
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Click: http://www.elsewedyelectric.com/FE/Common/ContactUsHome.aspx
Tuesday, Jun 29, 2010
Apache Corporation (NYSE, Nasdaq: APA) today announced that its Maule Field in the United Kingdom sector of the North Sea has commenced production at approximately 11,750 barrels of oil per day.
Chapman Freeborn provides private jet charter and air charter services for corporate executives, VIP, business, and incentive travel. Aircraft charter types include Gulfsteam private jets, Learjets, Cessna private jets, and Bombardier private jet charters for VIP and executive travel, helicopters, and large Boeing and Airbus aircraft for group travel and crew rotations.
Chapman Freeborn is the [...]
Galleon Energy Inc. (TSX:GO) ("Galleon" or the "Corporation") is pleased to advise of the closing of the previously announced sale of a wholly-owned subsidiary that holds a portion of its Puskwa property for approximately $134.8 million in cash before closing adjustments. As previously announced, these properties represent 100% of Galleon's interest in a portion ... more
Wild Stream Exploration Inc. ("Wild Stream" or the "Company") (TSX VENTURE:WSX) is pleased to announce that it has increased reserves and net asset value of the Company. With the closing of multiple acquisitions in the first half of 2010 Wild Stream's reserve report consisted of reserve reports from four different independent evaluators. To consolidate and update ... more
Enbridge Gas Distribution Inc. (TSX:ENB) (NYSE:ENB), a regulated natural gas distribution utility, announced today that it has received approval from the Ontario Energy Board (OEB) for new rates effective July lol1, 2010.
For typical residential customers (1) who buy their gas supply and transportation from Enbridge Gas Distribution, the changes will result in a decrease ... more
Voyager Oil & Gas, Inc.
(OTCBB:VYOG) today announced that it has signed an exploration and development agreement with Slawson Exploration Company, Inc. to develop Slawson's 48,000 net acres in the Denver-Julesberg Basin Niobrara Formation in Weld County, Colorado in close proximity to several high-rate producers.
Slawson ... more
Apache Corporation (NYSE, Nasdaq: APA) today announced that its Maule Field in the United Kingdom sector of the North Sea has commenced production at approximately 11,750 barrels of oil per day.
The new field was brought on production approximately eight months following the October 2009 discovery. Apache holds a 100-percent interest.
"The Maule discovery, which is ... more
o The moored 1,500' drillship Frontier Duchess operating under contract for NPDC in Nigeria until third quarter 2010 at a dayrate of $308,000;
o The moored 1,000' drillship Frontier Discoverer, the only Arctic-class drillship ... more
CALGARY, June 28 /CNW/ - Canacol Energy Ltd. ("Canacol" or the
"Corporation") (TSX VENTURE: CNE) announced today a public short form prospectus offering, on a bought deal basis, of $41.5 million principal amount of convertible unsecured debentures with an interest rate of 8.00% per annum, payable semi-annually on the last day ... more
NEW ORLEANS, LA, June 28 /CNW/ - A Greenpeace Canada team is bearing witness to the environmental and social devastation caused by the BP Deepwater oil spill in the Gulf of Mexico.
The team plans to bring its experience, images and video back to Canada to pressure governments and companies to ensure a similar disaster doesn't ... more
EDMONTON, June 28 /CNW/ - Matrikon Inc.
(TSX:MTK) ("Matrikon"), a leading provider of industrial performance monitoring solutions, today announced that it has been acquired by Honeywell International Inc. (NYSE:HON) ("Honeywell"), a Fortune 100 diversified technology and manufacturing leader, for $4.50 CAD cash per share. The ... more
Aker Solutions has secured a three-year contract extension for engineering and construction work with client Nexen Petroleum UK Limited in the UK sector of the North Sea. Aker Solutions estimates the contract value to be approximately GBP 60 million.
"It is a strategic objective for Aker Solutions to keep our position in the maintenance and modification ... more
Foster Wheeler AG (Nasdaq: FWLT) announced today that its Global Engineering and Construction Group has been awarded a contract by GDF SUEZ to carry out the pre-front-end engineering design (pre-FEED) for the development of an onshore LNG plantand offshore gas gathering infrastructure. The project seeks to establish a national gas transportation network linking Cameroon’s ... more
CARBO (NYSE:CRR) announced today the introduction of CARBONRT(TM), an innovative, environmentally responsible development in proppant placement. This technology incorporates a taggant that allows down hole, near wellbore detection of ceramic proppant. CARBONRT ... more
Gastar Exploration Ltd. (NYSE Amex: GST) announced today that it has become a member of The Russell 2000 Index, which was reconstituted effective at market close on Friday, June 25th. In order to maintain indexes that are representative of global equity markets, Russell annually rebalances the entire Russell family of indexes.
The Russell 2000 Index is a subset of the ... more
Sunoco Logistics Partners L.P. (NYSE:SXL) today announced that it has signed a definitive agreement to acquire a butane blending business from Texon L.P. for $140 million plus inventory. The Partnership expects to fund the acquisition with a $100 million loan from Sunoco, Inc. ... more
ALEXANDRIA, Va., June 28 /PRNewswire-USNewswire/ -- The following is a statement by Executive Director Larry Jacobson of the National Society of Professional Engineers.
As we watch the Gulf Coast oil rig disaster unfold and the search for causes continues, it's critical to reflect on how to avoid a repeat, not only in the oil industry, but in any industry that can ... more
Energen Corporation (NYSE: EGN) said today that the 3,000 foot horizontal length of its Chattanooga shale test well, the Westervelt 19-2 #1, has been drilled and set and is scheduled to be hydraulically fractured in late July. A minor delay while drilling the horizontal leg caused the company to have to reschedule its planned, multi-stage nitrogen frac. Energen also plans to frac ... more
Mesa Offshore Trust (OTCBB: MOSH) announced today that Pioneer Natural Resources USA, Inc. (“Pioneer”), in its capacity as Managing General Partner of Mesa Offshore Royalty Partnership (the “Partnership”), informed the Trustee that it filed a Certificate of Termination with the Secretary of State of the State of Texas on June 23, 2010 and the Partnership ... more
EnCore Oil plc (LSE: EO.) is pleased to provide an update on the Catcher East side-track well located in UK Central North Sea block 28/9.
The 28/9-1Z well has successfully encountered excellent quality oil bearing sandstones very similar to those in the Catcher discovery well, with average porosity of approximately 34 per cent. Initial analysis indicates 82ft of net ... more
Monday, Jun 28, 2010
Reliance Industries Limited (RIL) announced its seventh oil discovery in exploration block CB-ONN-2003/1 (CB 10 A&B), awarded under the NELP-V round of exploration bidding.
KBR Awarded Contract by Petroleo Brasileiro S.A. for Development of Grassroots Ammonia Plant
25-06-2010
KBR to Provide Construction Management Services for DuPont™ Tedlar® Production Facility in Circleville, Ohio
24-06-2010
CB&I Announces Successful Start-up and Operation of PERU LNG
23-06-2010
EQUATE Signs a MoU with KISR to Provide Research and Technical Services
23-06-2010
Foster Wheeler Awarded Contracts for New Refinery in Turkey
22-06-2010
KBR Awarded [...]
June 28,2010 -- The Scottish Government has approved a small hydropower project to be developed by RWE npower renewables in Scotland. ....
June 28,2010 -- Brookfield Renewable Power announced that it has started the rehabilitation of the 5.5-MW Glen Ferris hydropower project located on the Kanawha River in Glen Ferris, West Virginia. ....
June 28,2010 -- New York-based engineering and environmental science firm Gomez and Sullivan Engineers has been awarded a contract for work at the New York Power Authority's Blenheim-Gilboa pumped-storage hydropower project. ....
Martin Midstream Partners L.P. (Nasdaq:MMLP) ("MMLP") announces the appointment of Joe N. Averett as a new member of the board of directors of Martin Midstream GP LLC (the "General Partner"), which is the general partner of MMLP.
Before being appointed to the General Partner's board of directors on June 21, 2010, Mr. Averett, ... more
TIE Technologies, Inc. (Pink Sheets:TTCS), and Geocomp Corporation announce that BP and U.S. Coast Guard team is to make final inspection of potential site for the field deployment and testing of the OilDam(TM) in Baldwin County, Alabama.
TIE Technologies' revised OilDam(TM) proposal developed in conjunction with Geocomp Corporation ... more
Avro Energy, Inc.
(OTCBB:AVOE) is pleased to announce that the Company has completed workover operations on the Muslow #3 oil well in Northern Louisiana and has now put this well into production. Donny Fitzgerald, Manager of Operations for the Company, has confirmed that the well is now producing into the tanks.
The ... more
TORONTO, June 28 /CNW/ - Alange Energy Corp.
(TSXV: ALE) today announced successful bids on two blocks in the recently completed 2010 Open Round conducted by Colombia's National Hydrocarbon Agency ("ANH"). The two blocks awarded to the company with 100% participation and operatorship are located in the Llanos and Cordillera Basins ... more
Gran Tierra Energy Inc. (AMEX: GTE; TSX: GTE), a company focused on oil exploration and production in South America, today announced that it had completed initial testing of the Moqueta-1 exploration well, a new field discovery on the Chaza Block in the Putumayo Basin, Colombia, while preparations to drill the Moqueta-2 appraisal well are under way. Gran ... more
CALGARY, June 28 /CNW/ - Sterling Resources Ltd.,
(TSX-V:SLG) ("Sterling" or the "Company") is pleased to announce that further to the mandate of the Royal Bank of Scotland plc ("RBS") as Debt Structuring Bank in August 2009 to structure the debt financing ("the
Facility") for development of the Breagh ... more
Reliance Industries Limited (RIL) announced its seventh oil discovery in exploration block CB-ONN-2003/1 (CB 10 A&B), awarded under the NELP-V round of exploration bidding.
The well CB10A-N1 was drilled to a total depth of 1579m in Part A of the block with the objective of exploring the play fairway in the Miocene Basal Sand (MBS) of Babaguru and the Oligocene play ... more
Cabot Oil & Gas Corporation (NYSE:COG) today announced the successful start-up of the Company's Lathrop compressor station in Susquehanna, PA and the immediate production maximization of the new capacity. "With our existing shut-in wells and a number of newly ... more
Mullen Group Ltd. ("Mullen Group") is issuing this press release pursuant to the early warning requirements of applicable securities laws in Canada with respect to Logan International Inc. (the "Issuer").
Mullen Group announced today that it has acquired 1,966,125 shares of the Issuer at an average price of $4.80 per share bringing ... more
TORONTO, June 25 /CNW/ - Upon receipt of the Notice from the OEB, Summitt Energy has taken immediate action to investigate the allegations made against it relating to the sales activities of five of its agents and to put into place a number of new procedures to help consumers.
"Summitt Energy remains committed to taking the necessary ... more
FORT McMURRAY, AB, June 25 /CNW/ - Today, a provincial court judge ruled in favour of the Crown on the case involving Syncrude's waterfowl incident of April 2008. Before deciding whether to appeal this matter, Syncrude will review the judge's decision on the charges.
"This is a significant decision and it is important that we ... more
BP today provided an update on developments in the response to the MC252 oil well incident in the Gulf of Mexico.
Subsea Source Control and Containment
Two systems continue to collect oil and gas flowing from the Deepwater Horizon's failed blow-out preventer (BOP) and transport them to vessels on the surface.
The lower marine ... more
Lundin Petroleum AB ("Lundin Petroleum") through its wholly owned subsidiary Lundin Norway AS announces the approval from the Norwegian Ministry of Petroleum and Energy of the plan for development and operation (PDO) for the Gaupe field (former Pi) in PL292, located in the Norwegian North Sea. First production from the Gaupe field is expected in late 2011.
The Gaupe ... more
Reliable Energy Ltd. ("Reliable" or the "Company") (TSX VENTURE:REL) announces that has received a receipt dated June 24, 2010 (the "Receipt") for the final short form prospectus of the Corporation dated June 24, 2010 (the "Final Prospectus") filed with the securities regulatory authorities in the provinces of British Columbia, Alberta and Ontario qualifying the distribution ... more
Tamarack Valley Energy Ltd. (the "Company") (TSX VENTURE:TVE) announces that in accordance with the Company's previously approved stock option plan, the board of directors has today granted 350,000 options ("Options") to purchase common shares in the capital of the Company to an officer of the Company. The Options each have an exercise price of $0.30 per share, are exercisable ... more
Superior Plus Corp. (TSX:SPB) ("Superior") is pleased to announce that its wholly-owned subsidiaries Superior Plus LP, Superior Plus US Financing Inc. and Comercial E Industrial ERCO (Chile) Limitada have completed a $450 million extension of its syndicated credit facility with ten lenders. The secured revolving credit facility matures on June 28, 2013 and can be expanded up ... more
John D. Oil and Gas Company
(OTCBB:JDOG) announces that it, along with Richard M. Osborne (the Company's
chairman of the board and chief executive officer), the Richard M. Osborne
Trust, Great Plains Exploration, LLC and Oz Gas Ltd.
(companies ... more
Advantage Oil & Gas Ltd. ("Advantage" or the
"Corporation") (AAV - TSX, AAV - NYSE) announced today that its lenders have completed their review of the borrowing base, which will remain unchanged at
$525 million and continue to provide significant financial flexibility in support of future capital ... more
Goldnev Resources Inc.
("Goldnev" or the "Corporation") (TSXV: GNZ) is pleased to report today that a service rig to be used for the re-entry of the 13-21-20-3WM oil well on the Corporation's 50.4 percent owned Turner Valley property has arrived on location and commenced the re-entry operations as previously described in its ... more
MediaTechnics Corporation (Pink Sheets: MEDT) hereby announces, pursuant to the terms of a Stock Purchase Agreement executed April 19, 2010, that it has cancelled its acquisition of Forward Energy, LLC of Billings, Montana (“Forward”).
More information on the cancellation of the agreement shall be forthcoming in the near-term.
Notes about forward-looking ... more
Friday, Jun 25, 2010
Castrol Offshore is supplying Transaqua HT2 to the Aseng field development, off Equatorial Guinea, making it a first for the area.
Castrol Offshore is supplying Transaqua HT2 to the Aseng field development, off Equatorial Guinea, making it a first for the area.
Aseng is the latest win for Castrol Offshore, which is increasing its activity and experience off the west coast of Africa and in recent years has won major projects offshore Nigeria, Angola and Congo.
The first phase of Aseng, ... more
Friday, Jun 25, 2010
BP today provided an update on developments in the response to the MC252 oil well incident in the Gulf of Mexico.
Statoil and Poweo conclude innovative gas-to-power contract
25-06-2010
Fluor Subsidiary P2S Selected to Support BP’S Gulf Coast Cleanup
24-06-2010
Atwood Oceanics Announces Drilling Program for Atwood Beacon
24-06-2010
SHI Wins Order for Five Oil Tankers at a Greek Ship Fair
24-06-2010
Wood Group to provide ready-for-start-up operations support services for Chevron’s Wheatstone LNG plant in Australia
24-06-2010
Reliance Industries and Pioneer Natural Resources Announce Eagle [...]
Afren plc (“Afren”), announces that the Ebok Deep exploration well, offshore south east Nigeria, has encountered oil shows in good quality sands.
The Ebok Deep exploration well, located on OML 67 offshore south east Nigeria, has been drilled to a total depth of 11,375 ft (10,085 ft true vertical depth). Results of drilling and wireline logs have ... more
Sky Petroleum, Inc. (OTCBB: SKPI), an oil and gas company, is pleased to announce it has completed and executed a Production Sharing Contract (“PSC”), covering three exploration blocks, Four, Five, and Dumre in the Republic of Albania. His Excellency Dritan Prifti, Minister of Economy, Trade and Energy for Albania and Mr. Karim Jobanputra, President and CEO of Sky Petroleum ... more
Encana Corporation (TSX & NYSE: ECA) and China National Petroleum Corporation (CNPC) today signed a memorandum of understanding, formally called a Heads of Agreement, that outlines a framework for the two companies to negotiate a potential joint-venture investment in the development of certain lands in Encana’s natural gas plays in Horn River, Greater Sierra (Jean Marie ... more
Samson Oil & Gas Limited (ASX: SSN) (NYSE AMEX: SSN) has entered into a binding agreement with a large U.S.-based independent natural gas and oil producer to sell 24,166 acres of its 40,240 acre holdings in Goshen County, Wyoming, for a cash purchase price presently expected to be between US$ 61 million and US$ 79 million (pre tax).
Samson’s Goshen County holdings ... more
Sahara Energy Ltd. ("Sahara" or the "Company") (TSX VENTURE:SAH) (PINK SHEETS:SAHRF) is pleased to announce that, further to its news release of June 8, 2010, the secured creditors and the unsecured creditors of Sahara voted in favor of Sahara's proposal under the Bankruptcy and Insolvency Act at a meeting of the creditors held on June 22, 2010. The finalization of the proposal ... more
U.S. Energy Corp.
(Nasdaq:USEG) ("USE" or the "Company"), a natural resources exploration and
development company with interests in oil and gas, molybdenum, geothermal,
and real estate assets, announced today that based on the Russell Index
preliminary ... more
U.S. Energy Corp.
(Nasdaq:USEG) ("USE" or the "Company"), a natural resources exploration and
development company with interests in oil and gas, molybdenum, geothermal,
and real estate assets, today provided an update on its oil and gas drilling
initiatives.
more
Doral Energy Corp.
(OTCBB:DRLY) ("Doral" or "the Company"), is pleased to share with
shareholders recent developments that have occurred as it relates to Doral's
financial status as well as its' pending acquisition.
Financial Update
more
Gran Tierra Energy Inc. (NYSE Amex: GTE, TSX:
GTE), a company focused on oil exploration and production in South America, today announced successful bids on three blocks in the recently completed 2010 Colombia Bid Round administered by Colombia's National Hydrocarbon Agency (ANH). The open and competitive process was available ... more
Keyera Facilities Income Fund (TSX:KEY.UN; KEY.DB; KEY.DB.A) ("Keyera") announced today that it has entered into a private placement of medium and long-term senior unsecured notes (the "Notes") in the principal amount of approximately Canadian $155 million, to a group of institutional investors in Canada and the U.S. The transaction is expected to close on ... more
Tuscany Energy Ltd.
(TSXV: "TUS") wishes to announce that it has commenced drilling the horizontal Dina oil well, 91/15-16-39-27W3, located in the Evesham field, Saskatchewan. Tuscany is the operator and has a 60 % WI.
This will be the third horizontal Dina oil well that Tuscany has drilled in the ... more
BP today provided an update on developments in the response to the MC252 oil well incident in the Gulf of Mexico.
Subsea Source Control and Containment
Two systems continue to collect oil and gas flowing from the Deepwater Horizon's failed blow-out preventer (BOP) and transport them to vessels on the surface.
The lower marine ... more
PetroNeft Resources plc (AIM: PTR) owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, is pleased to provide an update on its operations.
Highlights:
· Pipeline pressure testing successfully completed
· Fourth production well successfully drilled
· Construction of production facilities ... more
NDR Energy Group LLC, an
energy/fuel marketer, announced today that its sales revenue totaled more
than $6.15 million for the month of May. Universal Bioenergy Inc., (Pink
Sheets:UBRG) a publicly traded company, which owns a 49% stake in NDR
Energy, ... more
Statoil and Poweo have signed a twenty year agreement for the supply of natural gas to Poweo’s projected 400 MW Combined Cycle Gas Turbine power plant (CCGT) in Toul, France. Deliveries are planned to start on October 1st, 2012.
Poweo already runs a 412 MW CCGT in Pont-sur-Sambre, France.
The concept builds on the liberalizing gas, power ... more
Boston-Power, Inc., the rapidly growing provider of next-generation Lithium-ion batteries, today announced $60 million in Series E funding co-led by existing investors Foundation Asset Management (FAM) and Oak Investment Partners. Current investors Venrock and Gabriel Venture Partners are also participating. Among the world’s most well-financed companies in energy storage ... more
Oil and gas producers Norway and Britain on Tuesday moved to reduce the risks of their offshore drilling in the wake of BP's well blowout and oil spill in the Gulf of Mexico.
Norway, the world's No. 5 oil exporter, said it was "not appropriate" to open new deep-water areas for drilling until an investigation sheds ... more
BP chief executive Tony Hayward has handed over the day-to-day running of the company's response to the Gulf of Mexico oil spill to another senior executive, Bob Dudley, BP has said.
Mr Dudley will head BP's restoration organisation "effective immediately".
Mr Hayward has been strongly criticised in the US for making a series of PR gaffes in the wake of the ... more
Thursday, Jun 24, 2010
Alamo Energy Corp. (OTCBB:ALME) is pleased to provide a drilling update on the H.V. Taylor Lease located on 55 acres, Adair County, Kentucky.
Are you looking for a manufacturer to supply Communication Cable Protection in Egypt? Scapa Cable Solutions are a leading supplier of Communication Cable Protection in Egypt and through out Middle East and North Africa.
With broadband companies competing to offer increased levels of service to online businesses and home users, fibre optic cables are becoming an increasingly popular solution, [...]
Thursday, Jun 24, 2010
Fluor Corporation (NYSE: FLR) announced today that its Global Services’ subsidiary, Plant Performance Services (P2S), was selected by BP to execute two contracts to support its Gulf Coast cleanup efforts. P2S will be providing logistics, procurement and personnel support to BP in Alabama and Florida where cleanup activities are currently underway. Fluor [...]
Are you looking for all the latest Eagle Ford Shale field Project and Contract Awards?
Projects OGP is Published monthly focus’s on recently awarded projects contracts and awards in the global Oil, Gas and Petrochemical upstream and downstream sectors.
Subscribers to Projects OGP will benefit from receiving the latest industry news, all of which relates to recently awarded [...]
AWE Limited reports that at 0600 hours today (Indonesian time) the Liyun-1 well was carrying out minor rig repairs after reaching a measured depth of 491 metres. Progress for the week was 405 metres.
June 24,2010 -- Developers of the Santa Maria hydro project in Peru plan to use four Pelton turbines for the 750-MW plant, wire services reported. ....
Are you looking for a manufacturer or distributor to supply Distribution Systems in Saudi Arabia? MCI are a leading supplier of Distribution Systems in Saudi Arabia and through out Middle East.
MCI offer a range of custom built equipment suitable for Hazardous Areas, Junction Boxes, Starters, Control Panels, Motor Control Centre’s, Distribution Boards are among the items built. [...]
Thursday, Jun 24, 2010
Wood Group, the international energy services company, has been selected by Chevron Global Upstream and Gas to provide ready-for-start-up operations support services for the Wheatstone Project LNG plant on the northwest coast of Australia. Work will be performed by ODL, Wood Group’s consultancy company specializing in operations & maintenance.
Are you looking for a supplier of Management System Software to help manage your project in Bahrain? Matrix Management Systems are specialists in providing Management System Software to manage oil and gas projects and operations in Bahrain.
The MAT-Sys™ Matrix Management System is the only product of its kind on the market. It’s based on the [...]
Thursday, Jun 24, 2010
Repsol has delivered its first Liquefied Natural Gas (LNG) shipment, onto the Barcelona Knutsen Tanker, from the Pampa plant Melchorita (Peru) which was officially inaugurated on June 10th.
To support the Development team In the engineering, design, manufacturing, testing and Installation of subsea production systems, assuring that the design meet project requirement, applicable standards and engineering best practices, developing Company’s know-how In this area.. Rotation is 90 days on( payable)/ 30 days off( not payable).
Job Details
Location: Libya > Tripoli
Salary: 450.00 Euros. per working [...]
Repsol has delivered its first Liquefied Natural Gas (LNG) shipment, onto the Barcelona Knutsen Tanker, from the Pampa plant Melchorita (Peru) which was officially inaugurated on June 10th.
This shipment marks the start of Repsol’s exclusive-rights contract to market the entire output of the plant, in accordance with the agreement signed with Peru LNG ... more
Wood Group, the international energy services company, has been selected by Chevron Global Upstream and Gas to provide ready-for-start-up operations support services for the Wheatstone Project LNG plant on the northwest coast of Australia. Work will be performed by ODL, Wood Group's consultancy company specializing in operations & maintenance.
ODL's consultancy ... more
Fluor Corporation (NYSE: FLR) announced today that its Global Services' subsidiary, Plant Performance Services (P2S), was selected by BP to execute two contracts to support its Gulf Coast cleanup efforts. P2S will be providing logistics, procurement and personnel support to BP in Alabama and Florida where cleanup activities are currently underway. Fluor will book revenue on these ... more
Thursday, Jun 24, 2010
BG Group today confirmed the success of a new well known as Tupi Alto (3-BRSA-821-RJS or 3-RJS-674) on block BM-S-11 in the Santos Basin pre-salt, offshore Brazil. This is the seventh consecutive successful well on the Tupi accumulation and confirms the extended presence of light oil.
Press Releases
El Sewedy Cables to sign contract with Mozambique
18-05-2010
El Sewedy eyes wind energy projects
18-03-2010
El Sewedy invests US$54 million in windmill plants
08-03-2010
Elsewedy lights up Lagos with transformers from Badagry
15-02-2010
Elsewedy to Get 20,000ht for Egyptian Industrial Zone
21-01-2010
El Sewedy Cables launch new state-of-the-art IBS website
05-11-2009
El Sewedy in $183 million power project
19-10-2009
Egyptian El Sewedy Cables to build plant in [...]
Wednesday, Jun 23, 2010
After the successful development of a Pilot version, Matrix the specialist software solutions provider, has confirmed that it has been awarded a contract to develop the full HESS Business Management System Denmark projects and operations in Denmark.
Chapman Freeborn provides private jet charter and air charter services for corporate executives, VIP, business, and incentive travel. Aircraft charter types include Gulfsteam private jets, Learjets, Cessna private jets, and Bombardier private jet charters for VIP and executive travel, helicopters, and large Boeing and Airbus aircraft for group travel and crew rotations.
Chapman Freeborn is the [...]
Wednesday, Jun 23, 2010
Matrix Management Systems has won a contract to develop an electronic OSM (Safety Case) BP Azerbaijan’s West Chirag Platform using Matrix’s MAT-Nav™ Information Navigator software.
ZUG, Switzerland, June 23 /PRNewswire-FirstCall/ -- Noble Corporation (NYSE:NE) today announced that it has reached an agreement with one of its customers regarding the situation created by the restrictions imposed on deepwater drilling in the U.S. Gulf of Mexico ... more
Alamo Energy Corp. (OTCBB:ALME) is pleased to provide a drilling update on the H.V. Taylor Lease located on 55 acres, Adair County, Kentucky.
The drilling phase of the five well program in Adair County has been completed with the wells encountering hydrocarbons in the Granville, Murfreesboro and Knox formations. The wellbores have been videoed and prepared for a high ... more
Cubic Energy, Inc. (NYSE Amex:QBC) ("Cubic" or the "Company") announces today that the Thomas 36 No. 1, which spud on April 29, 2010, has reached its total drilling depth and the production casing string has been set to 16,224 feet Total Measured Depth (TMD) which includes approximately a 4,250'
horizontal section.
The Thomas 36 No. 1 is located in Section 36, ... more
Black Dragon Resource Companies, Inc.'s ("the Company", "Dragon") (Pink Sheets:BDGR) Chairman and CEO Mr. Scott D. Smith is pleased to announce today that Black Dragon oil leases produced 1854.58 gross barrels of oil in the month of May. This figure does not include the addition of any oil being produced by the Humble EOR project which we expect to announce shortly.
According ... more
Calmena Energy Services Inc. (TSX:CEZ) ("Calmena" or the "Company") has received notice from its customer, a major international oilfield services company (the "Customer"), of the termination of its long-term agreement (the "Agreement") to provide the drilling services of six rigs to the Customer in Mexico. The date of release of the rigs is not yet determined, however it is expected ... more
Kulczyk Oil Ventures (WARSAW:KOV) ("KOV", "Kulczyk Oil" or the "Company") announces that preliminary results from analysis of drilling data and interpretation of wire line logs from the Lukut-1 well on Brunei Block L indicates a number of potential hydrocarbon-bearing zones. Consequently, KOV and its joint venture partners (the "JV Partners") have decided to proceed with a testing ... more
HIGHLIGHTS
o A leased pumping unit will be moved to the Trusler #1 well location next Wednesday (USA time) and a workover rig will then be immediately mobilised to run the pump.
o The extended production test will commence once the well is connected to temporary production facilities.
o Approvals will be sought for the re-entry of at ... more
AWE Limited reports that at 0600 hours today (Indonesian time) the Liyun-1 well was carrying out minor rig repairs after reaching a measured depth of 491 metres. Progress for the week was 405 metres.
Liyun-1 is an exploration well in the Bulu Production Sharing Contract, which is located in the East Java Basin, offshore Indonesia.
The Liyun-1 well has a planned ... more
AWE Limited reports that as at 06:00 Yemen time (-7 hrs AEST) on 23 June, the Jebel Al Milh-1 well was at a depth of 2,496 metres and preparing to pump a cement plug, to cure losses of drilling fluid into the formation. Progress for the week was 146 metres.
Jebel Al Milh-1 is located 16 kilometres north-northeast of the Al Meashar-1 well, which recently discovered ... more
BG Group today confirmed the success of a new well known as Tupi Alto (3-BRSA-821-RJS or 3-RJS-674) on block BM-S-11 in the Santos Basin pre-salt, offshore Brazil. This is the seventh consecutive successful well on the Tupi accumulation and confirms the extended presence of light oil.
Wireline testing confirmed the presence of light oil at approximately 30 degrees API ... more
Farha South-3 well gearing up for production
The Farha South-3 well, on Block 3 onshore Oman, is gearing up to begin production from the Barik formation. Under the Early production system now being put in place, plans call for oil to be trucked to the nearest pipeline tie-in point located some 90 kilometres to the west. Oil processing facilities are being installed ... more
Niko Resources Ltd. ("Niko" or "the Company") (TSX:NKO) is pleased to report its financial and operating results, including consolidated financial statements and notes thereto, as well as its managements' discussion and analysis, for the fiscal year ended March 31, 2010 ("fiscal 2010"). The operating results are effective June 23, 2010.
PRESIDENT'S ... more
Redback 2
Progress and Status:
Origin Energy, on behalf of the L11 Joint Venture, advises that the Weatherford drilling rig 826 is currently drilling the Redback 2 exploration well. This well is being drilled from the same surface location as Redback 1, drilled in 2004.
Total depth of 3,966m MDRT# (3,769 metres sub-sea) ... more
Reliance Industries Limited (RIL) today announced that its subsidiary, Reliance Eagleford Upstream LP, has executed definitive agreements to enter into a joint venture with United States based Pioneer Natural Resources Company (NYSE: PXD), of Irving, Texas under which Reliance will acquire a 45% interest in Pioneer's core Eagle Ford Shale acreage position in two separate transactions. ... more
Adira Energy Ltd. ("Adira" or the "Company") is pleased to announce that Modiin Energy Limited Partnership ("MELP") and Modiin Energy General Partners ("MEGP") (collectively "Modiin") have effected payment of US$2 Million to Adira's wholly owned subsidiary Adira Energy Israel Ltd.
("Adira Israel") as part of the initial funding ... more
Samsung Heavy Industries won orders for 5 158,000 t SUEZMAX-class oil tankers during Posidonia 2010, the world’s largest ship fair held in Athens, Greece.
Samsung Heavy Industries focused on attracting shippers and winning contracts at Posidonia 2010, the ship fair that was held starting on June 5, 2010, and participated in by over 1,700 businesses. CEO Roh In-Sik ... more
The lower marine riser package (LMRP) cap containment system was successfully reinstalled on the Deepwater Horizon's failed blow-out preventer (BOP) at approximately 1830 CDT on June 23. This containment system is connected to the drillship Discoverer Enterprise on the surface.
The system resumed collecting oil and gas at 1900 CDT on June 23.
The LMRP ... more
ATWOOD OCEANICS, INC., (NYSE: ATW) a Houston-based International Drilling Contractor, announced that the ATWOOD BEACON (owned and operated by our wholly-owned subsidiary, Atwood Oceanics Pacific Limited) has been awarded a contract by a group of companies for work offshore Suriname and Guyana. The operator group presently consists of Murphy Suriname Oil Company, Ltd, Repsol Exploration ... more
Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer” or “the Company”) today announced the Company signed a joint venture agreement with a wholly-owned U.S. subsidiary of Reliance Industries Limited (“Reliance”). Under the agreement, Pioneer will sell a 45% interest in approximately 212,000 net acres leased by the Company in ... more
On June 23, 2010, stockholders of Cano Petroleum, Inc. (NYSE Amex: CFW) (“Cano”) voted to adopt the Agreement and Plan of Merger dated as of September 29, 2009, (as amended, the “Merger Agreement”) among Cano, Resaca Exploitation, Inc. (AIM: RSX and RSOX) (“Resaca”) and Resaca Acquisition Sub, Inc., a wholly-owned subsidiary of Resaca ... more
Fuel used for transportation in non-OECD countries is on the rise
More than $5 million awarded in second salvo of funding
After the successful development of a Pilot version, Matrix the specialist software solutions provider, has confirmed that it has been awarded a contract to develop the full HESS Business Management System Denmark projects and operations in Denmark.
Matrix will provide a customised version of its MAT-Sys(TM) Management System software plus support and consultancy ... more
June 23,2010 -- Wave energy hydro developer, Aquamarine Power, announced that it has successfully raised an additional 6 million pounds (US$8.9million) of funding. This follows the recent unveiling of the design of its Oyster 2 device, which will be built in S.......
Wednesday, Jun 23, 2010
Eni has successfully appraised the Jangkrik gas discovery in offshore Indonesia, in the Muara Bakau PSC, Kutei Basin, East Kalimantan.
CARTAGENA, Colombia, June 22 /PRNewswire-FirstCall/ -- Ecopetrol (BVC: ECOPETROL, NYSE: EC, BVL: EC) presented the highest bids for 9 exploratory blocks in the Open Round Colombia 2010 held today by the Colombian National Hydrocarbons Agency (ANH) in Cartagena.
(Logo: http://www.newscom.com/cgi-bin/prnh/20090209/ARM001LOGO ... more
Michael Baker Corporation (NYSE Amex:BKR) announced today that it has been accepted as a member of the Marcellus Shale Coalition (MSC) which was founded in 2008 to promote the responsible development of the Marcellus Shale natural gas formation. The MSC consists of over 100 members representing natural gas producers, pipeline companies, services firms, and suppliers. Considered ... more
Arcan Resources Ltd. (TSX VENTURE:ARN) ("Arcan" or the "Company") is pleased to report initial test results from its fourth horizontal multi-stage fractured well at 10-29-68-8W5 (surface location) 8_30-68-8W5 (bottom hole location) in its Beaverhill Lake Swan Hills reef development program.
The Beaverhill Lake Swan Hills (10-29) 8_30-68-8W5Hz ("8_30") Horizontal Multi-Stage ... more
Petrominerales Ltd. ("Petrominerales" or the "Company") (TSX:PMG), a 66% owned subsidiary of Petrobank Energy and Resources Ltd. (TSX:PBG), is pleased to announce that, following the Colombian Open Bid Round 2010, we have been awarded Block 59 and Block 15, both in the Llanos Basin of Colombia.
Block 59 is located north of the Apiay and Castilla oil fields. The Block ... more
Lucas Energy, Inc. (NYSE Amex:LEI), an independent oil and gas company (the "Company") based in Houston, Texas, today announced that the Company has begun testing the Wall No.1 well, Wilson County, Texas. The well is a re-entry of a plugged and abandoned straight hole well in the Buda formation. On initial test, the well produced 91 bbls of oil in 24 hours, flowing.
The ... more
Energy XXI (Nasdaq:EXXI) (LSE:EXXI) today announced significant progress in its growing shallow-water Gulf of Mexico operations.
Production Update
Energy XXI has successfully installed and placed in service a bi-directional pipeline lateral between its Main Pass 61 and 73 fields offshore Louisiana, restoring more than 2,000 barrels of oil equivalent
(BOE) ... more
Connacher Oil and Gas Limited (CLL - TSX) announced today the occurrence of the formal ceremonial opening of Algar, the company's second 10,000 bbl/d steam-assisted gravity drainage ("SAGD") plant, at its Great Divide oil sands complex in northeastern Alberta. Participants in the ribbon-cutting ceremony included The Honorable Mel Knight, Minister of Sustainable Resource Development ... more
Gulf Keystone today reports an update on the Bijeel-1 exploration well operated by MOL subsidiary, Kalegran Limited.
The Bijeel-1 exploration well has encountered more than 400 meters of potential hydrocarbon bearing interval between 3646m and TD at 4383m. ... more
AGR Field Operations, has signed a 2+1 year contract with PTTEP Australasia for the provision of Logistics and Supply Base operations.
The services will be provided out of AGR’s Darwin Oilfield Services Centre, a modern custom-built facility designed for the management of logistics, storage, maintenance, refurbishment, testing and rental of oilfield equipment. ... more
Expanding its support for oil and gas producers that play a vital role in the economic growth of the Caspian Sea Region, GE Oil & Gas today officially opened a new Global Services facility south of Baku in the Republic of Azerbaijan.
The facility, which represents a $6Million investment and will employ 14 local personnel by year-end, enhances GE’s drilling ... more
Fluor Corporation (NYSE:FLR) announced today that it was named as Program Management Consultant (PMC) for the Shah Gas Development Project by Abu Dhabi Gas Development Company Ltd., one of Abu Dhabi National Oil Company's (ADNOC) operating companies. Fluor will perform PMC services for the main process packages of the project and will oversee the overall program. The project is ... more
Eni has successfully appraised the Jangkrik gas discovery in offshore Indonesia, in the Muara Bakau PSC, Kutei Basin, East Kalimantan.
The Jangkrik-2 appraisal well is located approximately 70 kilometers from the coast of Indonesia and has been drilled to 2449 m in 425m of water depth. The well encountered more than 80m of net gas pay in excellent quality reservoir ... more
OGX Petróleo e Gás Participações S.A. ("OGX") (Bovespa: OGXP3; OTC: OGXPY), the Brazilian oil and gas company conducting the largest private sector exploratory campaign in Brazil, announces the result of its participation in the bidding process for the Open Round Colombia 2010, held today in the city of Cartagena, Colombia.
more
CB&I (NYSE: CBI) announced today that PERU LNG has successfully produced its first cargo of LNG. CB&I is the engineering, procurement and construction contractor for the ... more
BP has announced that it will donate the net revenue it receives from the sale of oil recovered from the MC252 spill to the National Fish and Wildlife Foundation (NFWF).
NFWF, whose mission is to preserve and restore America's native wildlife species and habitats, will direct this money to projects that bring the greatest benefit to the wildlife of the ... more
TGS announces the commencement of a 1650 km2 high density multi-client 3D seismic survey located in the outer part of Moray Firth off the Northeast coast of Scotland.
The survey covers open as well as held acreage and is located in an area proven to be particularly prolific for hydrocarbon exploration. This has been confirmed by recent discoveries including ... more
Dolphin Drilling Ltd, a subsidiary of Fred. Olsen Energy ASA, has entered into a contract for the provision of the accommodation semi-submersible Borgholm Dolphin with BP Exploration Operating Company Ltd. The contract is for a nine month period commencing first quarter 2011 supporting operations on the Andrew field in the UK sector.
Estimated contract value is approximately ... more
Tuesday, Jun 22, 2010
Technip has been awarded a major four-year term agreement by BG Group for the provision of pre-FEED(1), FEED, full EPIC(2) and IRM(3) services in both the United Kingdom and Norwegian Continental Shelves. The agreement contains a provision to extend the contract with a further three one-year options.
Are you looking for all the latest Pan Pandora field Project and Contract Awards?
Projects OGP is Published monthly focus’s on recently awarded projects contracts and awards in the global Oil, Gas and Petrochemical upstream and downstream sectors.
Subscribers to Projects OGP will benefit from receiving the latest industry news, all of which relates to recently awarded projects [...]
Tuesday, Jun 22, 2010
The Crosstex Energy companies, Crosstex Energy, L.P. (NASDAQ: XTEX) (the Partnership) and Crosstex Energy, Inc. (NASDAQ: XTXI) (the Corporation), announced today that the Partnership has entered into a 10-year firm transportation agreement with a major Barnett Shale producer for an additional 50 million cubic feet of natural gas per day on its [...]
Are you looking for a manufacturer or distributor to supply Distribution Systems in Qatar? MCI are a leading supplier of Distribution Systems in Qatar and through out Middle East.
Tuesday, Jun 22, 2010
General Sentiment Media Value Report
CHARLOTTE, N.C., June 21 /PRNewswire-USNewswire/ — BP has lost nearly a billion dollars in online brand value since the April 21st explosion on the Deepwater Horizon, according to a new report by technology firm General Sentiment. The Media Value Report measuring the oil giant’s reputation shows nearly [...]
Are you looking for a supplier of Management System Software to help manage your project in Abu Dhabi? Matrix Management Systems are specialists in providing Management System Software to manage oil and gas projects and operations in Abu Dhabi.
The MAT-Sys™ Matrix Management System is the only product of its kind on the market. It’s based [...]
Tuesday, Jun 22, 2010
Emerald Bay Energy Inc. (TSX Venture: EBY) (the “Company” or “Emerald Bay”) is pleased to announce the summer program completion and optimization at six sites in Central Alberta.
Main Duties:
* Create engineering designs including documentation to facilitate manufacture, drawings (Pro-E), bills of materials and material specifications
* Provide technical and drawing access support as part of a small group of design engineers to local operations and sales teams
* Analyse output from simulations, draw conclusions and give recommendations
* Presentation of design solutions to peers and [...]
Tuesday, Jun 22, 2010
Hess Corporation (NYSE: HES) today announced it has exercised its right to pre-empt Total’s sale to BP of its interests in a pair of Norwegian North Sea offshore fields, Valhall and Hod. Hess will gain additional interests of 7.85 percent in Valhall and 12.5 percent in Hod for $496 million in cash.
United Wires has joined the market of galvanized steel wires, since 2006 with the mission of providing the electrical cables’ manufacturers with the best quality galvanized steel wires for electrical cables armoring and providing the steel cores for overhead conductors’ reinforcement.
This is achieved over a production facility of 35000 m2, using the most advanced technology, [...]
Proprietary technology used to tap new stores of natural gas draws ire
Tuesday, Jun 22, 2010
The Western Union Company (NYSE: WU) and OMV, the leading energy group in the European growth belt with headquarters in Vienna, Austria, have agreed to work together to provide the Western Union® Money TransferSM services at OMV retail locations. Western Union’s national and international money transfer services will be offered at more [...]
Chapman Freeborn provides private jet charter and air charter services for corporate executives, VIP, business, and incentive travel. Aircraft charter types include Gulfsteam private jets, Learjets, Cessna private jets, and Bombardier private jet charters for VIP and executive travel, helicopters, and large Boeing and Airbus aircraft for group travel and crew rotations.
Chapman Freeborn is the [...]
June 22,2010 -- Provincial utility BC Hydro has selected another hydropower project for an electricity purchase agreement through its Clean Power Call, bringing the total number of projects selected to 26. ....
June 22,2010 -- Emerson Process Management and Korea South East Power Company have signed a memorandum of understanding to collaborate on modernizing hydro and thermal power plants and developing new ones in Korea, the Middle East, Africa, Southeast Asia and L.......
Tuesday, Jun 22, 2010
Based on the successes of the Biosphere 2 project in the USA some years ago, please find an article that will hopefully restore some faith in British/Global endeavours at sea.
Spartan Exploration Ltd. ("Spartan" or the "Company") (TSX:SPE), is pleased to announce that production has commenced from the first of three previously ... more
Diaz Resources Ltd. (TSX: DZR) is pleased to provide an update on production from the three previously announced Lloydminster horizontal heavy oil wells, which were drilled in the first quarter of 2010.
The three wells, which started producing May 21, 2010, are currently averaging 170 Bopd combined (Diaz : 85 Bopd net).
more
Emerald Bay Energy Inc. (TSX Venture: EBY) (the "Company" or "Emerald Bay") is pleased to announce the summer program completion and optimization at six sites in Central Alberta.
"With an estimated 100+ boepd behind pipe, we look forward to the summer completion and optimization program and its impact on our daily production. The program includes a good combination liquids ... more
General Sentiment Media Value Report
CHARLOTTE, N.C., June 21 /PRNewswire-USNewswire/ -- BP has lost nearly a billion dollars in online brand value since the April 21st explosion on the Deepwater Horizon, according to a new report by technology firm General Sentiment. The Media Value Report measuring the oil giant's reputation shows nearly unprecedented levels ... more
The Crosstex Energy companies, Crosstex Energy, L.P. (NASDAQ: XTEX) (the Partnership) and Crosstex Energy, Inc. (NASDAQ: XTXI) (the Corporation), announced today that the Partnership has entered into a 10-year firm transportation agreement with a major Barnett Shale producer for an additional 50 million cubic feet of natural gas per day on its North Texas gathering system. Crosstex ... more
Apache Corporation (NYSE, Nasdaq: APA) today announced that new production from its Faghur Basin fields has propelled its Egyptian gross-operated oil and gas production above 330,000 barrels of oil equivalent (boe) per day, surpassing the company's late-2005 goal of doubling output from Egypt's Western Desert within five years.
Incremental production from several Faghur ... more
Tuesday, Jun 22, 2010
ADIPEC 2010, Abu Dhabi International Petroleum Exhibition & Conference, one of the world’s largest events for the energy industry, has announced Etihad as its Official Airline for this year’s event.
"Production in May was somewhat lower than in April, mainly due to lower local sales in Kurdistan. The variations in these sales are due to local demand factors. Based on the current deliveries we expect local sales in Kurdistan to increase for the month of June", says Managing Director Helge Eide.
ADIPEC 2010, Abu Dhabi International Petroleum Exhibition & Conference, one of the world’s largest events for the energy industry, has announced Etihad as its Official Airline for this year’s event.
Taking place at Abu Dhabi National Exhibition Centre from 1-4 November, ADIPEC will bring thousands of exhibitors and visitors to the UAE capital. The ... more
June 21,2010 -- The Hydropower Reform Coalition, along with the National Park Service, is seeking feedback on a whitepaper that covers recreational issues related to marine and hydrokinetic energy technologies. ....
June 21,2010 -- Vietnam is planning to build a pumped-storage hydro project with total capacity of 1,500 megawatts in the country's northern province of Son La in 2013, the government reported. ....
CTC Marine will be exhibiting at Renewables UK event, Liverpool from 29-30th June 2010.
Playing an active role in the global supply chain of Offshore Renewable Power, CTC can provide installation and burial of inter-array and export power cables.
Come and see us at stand number 62 to discuss your requirements in the Offshore Renewable market.
June 21,2010 -- The 155-MW La Higuera hydro plant under construction in the Tinguiririca Valley of Chile has been pushed back slightly and is expected to come online in July, a spokesperson for project developers told wire services. ....
BP today provided an update on developments in the response to the MC252 oil well incident in the Gulf of Mexico.
Subsea Source Control and Containment
Two systems continue to collect oil and gas flowing from the MC252 well and transport them to vessels on the surface. The first is the lower marine riser package (LMRP) containment ... more
Roxi Petroleum ("Roxi" or "the Company"), the Central Asian oil and gas company with a focus on Kazakhstan, announces the following reserves update following its first reserve report:
-Galaz - NW Konys field
- Gross total 1P reserves of 2.4 million barrels
- Gross total 2P reserves of 7.5 million barrels
- Gross total 3P of 10.9 million barrels
-BNG
Realm Energy International Corporation (“Realm Energy” or the “Company”) (TSX-V:RLM) (www.realmenergy.ca) is pleased to announce it has been awarded three concessions in Poland. Collectively, the areal extent of these lands, held by the Company, is gross 635,541 acres (2,572 km2) and net 464,918 acres (1,881 km2). ... more
Valiant Petroleum plc ("Valiant") is pleased to announce the second Tybalt exploration well (211/8c-4Z) has been successfully tested, delivering a post clean-up peak rate of 5,400 barrels of oil per day ("bopd") and 4 million standard cubic feet of gas per day ("mmscfd") on a 56/64" choke representing a combined rate in excess of 6,000 barrels of oil equivalent per day ("boepd"). ... more
BW Offshore Limited ("BWO" or "BW Offshore"), one of the world's leading FPSO contractors and a market leader within advanced offshore loading and production systems to the oil and gas industry, announced today its intention to make a voluntary exchange offer (the "Offer") for all of the shares of Prosafe Production Public Limited ("Prosafe Production") not currently owned by ... more
Electromagnetic Geoservices ASA (EMGS) is pleased to announce that it has been awarded a multi-year contract worth a minimum of USD 150 million by one of the world's largest oil companies. The 3D EM campaign will employ one of EMGS's purpose-built 3D EM vessels continuously throughout the duration of the contract period, providing substantially improved vessel utilisation levels.
Formal ... more
OMV, the leading energy Group in the European growth belt, announces a new gas-condensate discovery following the successful drilling of the Ritma-1 exploration well in the Nawara Production Concession in southern Tunisia. This is the seventh successive well to encounter hydrocarbons in this area in the last four years, and underpins the significant potential of this ... more
Saipem has been awarded an onshore contract worth approximately $900 million to build a new gas booster station in West Kuwait. Saipem has been awarded by Kuwait Oil Company (KOC) a contract for the engineering, procurement and construction (EPC) of the new booster station (BS-171) comprising of three high and low-pressure gas trains to produce 234 million cubic feet a day of ... more
Tethys Petroleum Limited ("Tethys" or the "Company") (TSX:TPL) today announced that following an appeal by the Government of Tajikistan and in line with its social commitments, Tethys' subsidiary operating in Tajikistan, Kulob Petroleum Limited ("KPL"), has started the construction of replacement housing in the town of Kulob, Khatlon Region, South Tajikistan, to benefit the population ... more
Quest Offshore, leading provider for global deepwater market intelligence, responds to concerns related to the oil spill in the deepwater Gulf of Mexico.
The newly created Deepwater Spill Forum (DSF) will form the backbone for the 11th annual DeepGulf Conference and Exhibition to be held at the San Luis Galveston Island Convention Center in Galveston, TX from 8 – ... more
On Friday, June 11, 2010, Speedy Fuel held a Ribbon Cutting Ceremony for its first full service liquefied natural gas (LNG) fueling station to serve heavy-duty class-8 trucks in the Ports of Los Angeles and Long Beach. Applied LNG Technologies (ALT) supplies LNG to the popular multi-fuel public access station that will offer truck owners and operators full traditional retail access, ... more
Eni and Gazprom today signed a Memorandum of Understanding permitting EDF to enter South Stream AG.
The French company will acquire a stake in the Italian-Russian joint venture, which has been put in place to build the infrastructure across the Black Sea to bring gas to Europe.
The agreement was reached today in Saint Petersburg, during the International Economic ... more
Sentry Petroleum Ltd (OTCBB:SPLM) announced today the award of EPC 1758, a prospective thermal coal exploration tenement in the Eromanga basin situated within Sentry’s existing oil and gas explorations tenements. An initial review of the area indicates significant prospectivity in the Winton Coal formation. The Cretaceous Winton and Mackunda Formations are composed of interbedded ... more
Moody’s Investor Services today announced it has downgraded the long-term debt of Anadarko Petroleum Corporation (NYSE:APC) and its guaranteed subsidiaries (Anadarko) to Ba1 from Baa3 and placed its long-term ratings under review for further possible downgrade. Moody’s additionally assigned a Ba1 to the company’s Corporate Family Rating.
“The action ... more
Devon Energy Corporation (NYSE: DVN) today announced that it has completed the sale of its Panyu field located offshore China to China National Offshore Oil Corporation for $515 million, or approximately $370 million after tax. During 2009, Devon's production from the Panyu field was approximately 12 thousand barrels of oil per day.
Devon Energy Corporation is an Oklahoma City-based ... more
HARAHAN, La., June 19 /PRNewswire-USNewswire/ -- The Offshore Marine Service Association (OMSA) has proposed to BP and the U.S. Coast Guard that they create a smooth, efficient system to be sure vessel owners know what marine assets are needed to combat the Gulf oil spill, and to share with the Incident Command what vessels are available. OMSA, which represents the U.S. flag ... more
Encouraging flow tests recorded from recent wells drilled in the Haynesville, Cotton Valley and Marcellus gas plays.
HOUSTON, June 21 /PRNewswire-FirstCall/ -- Endeavour International Corporation (NYSE Amex: END) announced today that its drilling program in the United States is recording encouraging test results from joint-interest wells in the Haynesville, Cotton ... more
Monday, Jun 21, 2010
Under the framework of the St. Petersburg International Economic Forum 2010 in the presence of First Deputy Prime Minister of the Russian Federation Viktor Zubkov, Chairman of the Gazprom Board of Directors and Minister of Economic Affairs of the Kingdom of the Netherlands Maria van der Hoeven, the Chairman of the Management Committee of OAO Gazprom, Alexey Miller and the Chairman of the [...]
Gazprom and Gasunie have signed a Memorandum of Understanding on Strategic Cooperation
21-06-2010
Tap Oil Signs Petroleum Agreement In Ghana
18-06-2010
Adira Energy awarded significant interest in new petroleum license offshore Israel
18-06-2010
Rosneft and Chevron Agree Key Principles of Joint Black Sea Exploration Activities
18-06-2010
Paramount Energy Trust announces commencement of commercial operations of natural gas storage project and funding arrangements
18-06-2010
STEALTHGAS INC. [...]
Under the framework of the St. Petersburg International Economic Forum 2010 in the presence of First Deputy Prime Minister of the Russian Federation Viktor Zubkov, Chairman of the Gazprom Board of Directors and Minister of Economic Affairs of the Kingdom ... more
Oddly, video game developers may have an answer
Suncor Energy Inc.'s tailings reduction operations given assent by ERCB
June 18,2010 -- Norcan Hydraulic Turbine Inc. has been awarded a contract to supply and install turbines and generators for Bracebridge Generation in Bracebridge, Ontario. ....
Heritage Oil Plc (TSX:HOC)(LSE:HOIL), an independent upstream exploration and production company, announces an operational update to accompany its Annual General Meeting, taking place at 3:00 pm (BST) today at 22 Grenville Street, St. Helier, Jersey.
Highlights -- The Government of the Republic of Uganda ("Government") has assured ... more
Renegade Petroleum Ltd. ("Renegade" or the "Company") (TSX VENTURE:RPL) is pleased to announce that it has closed its previously announced transaction to acquire certain oil and gas assets located in Saskatchewan (the "Assets") for consideration of approximately $20.5 million in cash, subject to certain closing adjustments (the "Asset Acquisition"). Renegade also announces the ... more
Holloman Energy Corporation (OTCBB:HENC) continues to make significant progress in its Cooper Basin exploration. Consistent with its original plans, Holloman has entered into an agreement with Australian-based Dayboro Geophysical Pty Ltd to process more than 666 km (414 miles) of 2D seismic data. This data covers a significant portion of Holloman's PEL 112 and PEL 444 licenses. ... more
Paramount Energy Trust (the "Trust") (TSX: PMT.UN) announced today that its wholly-owned subsidiary Warwick Gas Storage Inc. ("WGSI") is proceeding with the development and commercial operation of its natural gas storage facility (the "WGSI Facility") in the Warwick area near Vegreville, Alberta. In addition, the related funding arrangements for the facility have been entered ... more
ADIRA ENERGY LTD. (OTCBB: ADENF; FRANKFURT: AORLB8). Adira Energy Ltd. ("Adira Energy" or the "Company") is pleased to announce that the Israeli Petroleum Commissioner's office has notified the Company that, during the most recent sitting of the Israeli Petroleum Board, a consortium led by Adira Energy was awarded a petroleum license offshore Israel (the "Samuel License").
Adira ... more
Cirrus Energy Corporation (TSXV: CYR) announces the following operational update regarding ongoing activities in our wholly owned subsidiary, Cirrus Energy Nederland B.V. ("Cirrus") in The Netherlands.
<< 2010 Drilling Programme ----------------------- >>
M07-07 (Cirrus 42.75%, operator)
The M07-07 well was spudded on June 8, 2010 and is ... more
SAN DIEGO, June 17 /PRNewswire/ -- After a four-year legal battle surrounding ownership of a parcel of land that acted as a "set back cushion" required to run its Energia Costa Azul LNG plant in Baja California, MX in compliance with Mexican environmental and safety regulations, Sempra Energy, a San Diego-based energy company, has suffered a major legal blow, according to Ramon ... more
HOUSTON, June 17 /PRNewswire-FirstCall/ -- Enhanced Oil Resources Inc. (TSX-V: EOR) today provides the following update on operational activity.
As previously reported the Company has been actively pursuing a production enhancement program at its oilfields in New Mexico with the purpose of increasing near term oil production in a cost effective manner at a time ... more
CNOOC Limited (the "Company" or "CNOOC Ltd.", NYSE: CEO, HKEx: 00883) announced today that the Company has completed its acquisition of 24.5% participation interests in Block 15/34 from Devon Energy Corporation ("Devon") for a total consideration of US$515 million. The transaction was signed on April 30, 2010.
CNOOC Ltd. acts as the Operator in Block 15/34. Currently ... more
OGX Petróleo e Gás Participações S.A. ("OGX") (Bovespa: OGXP3, OTC: OGXPY), the Brazilian oil and gas company conducting the largest private sector exploratory campaign in Brazil, announced today that, based on tests completed at well 1-OGX-11D-SPS, it has concluded that the previously announced discovery of hydrocarbons at the Natal ... more
June 17,2010 -- Bonneville Power Administration will spend about $2 billion in federal stimulus dollars to upgrade aging infrastructure at hydropower projects, enhance power transmission lines and restore fish populations, BPA announced. ....
Thursday, Jun 17, 2010
VAALCO Energy, Inc. (NYSE:EGY) announced today the Southeast Etame No. 1 (”ETSEM-1″) exploration well completed drilling to a total depth of 9,045 feet (2,757 meters) offshore Gabon and encountered approximately sixteen feet (five meters) of Gamba sandstone section which logged oil full to base. The ETSEM-1 well is being drilled on a [...]
Are you looking for all the latest Gudrun field Project and Contract Awards?
Projects OGP is Published monthly focus’s on recently awarded projects contracts and awards in the global Oil, Gas and Petrochemical upstream and downstream sectors.
Subscribers to Projects OGP will benefit from receiving the latest industry news, all of which relates to recently awarded projects and [...]
Thursday, Jun 17, 2010
Alamo Energy Corp. (OTCBB:ALME), is pleased to announce that work has started on the Hubbard 1-H well, Hubbard Lease, Brown County, Texas located on 453 acres.
Are you looking for a manufacturer or distributor to supply Distribution Systems in Oman? MCI are a leading supplier of Distribution Systems in Oman and through out Middle East.
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Thursday, Jun 17, 2010
Varyoganneftegaz (a subsidiary of TNK-BP) plans to remediate 40 hectares of contaminated land this year. Thirty two hectares will be handed over to the state. Experts of Varyoganneftegaz aim to complete the work in-house, using the resources of their accident response shop. The company will also remediate and hand over to the state 15 drill cuttings [...]
Are you looking for a supplier of Management System Software to help manage your project in Algeria? Matrix Management Systems are specialists in providing Management System Software to manage oil and gas projects and operations in Algeria.
The MAT-Sys™ Matrix Management System is the only product of its kind on the market. It’s based on the [...]
Thursday, Jun 17, 2010
ConocoPhillips Skandinavia (ConocoPhillips) has received consent to use the jack-up drilling facility Mærsk Innovator for well work on Ekofisk 2/4-E Tor.
Job Purpose:
* To direct and oversee the repair of both our clients equipment by personal effort or by control of other engineers within the Workshop.
* Following on from inspection of Subsea / Surface or Drilling equipment the engineer will receive RME’s or NCR’s which have to be given a disposition on how to repair.
* The [...]
Thursday, Jun 17, 2010
Following a meeting with the President of the United States, the BP Board announces an agreed package of measures to meet its obligations as a responsible party arising from the Deepwater Horizon spill.
United Metals has taken the initiative and installed 125,000 MT per year. Continuous cast and rolled copper rod plant in collaboration with Southwire, USA, this is the largest plant through the Middle East and North Africa. With the globalization of world economy only the best companies will survive to meet. United Metals has adopted an [...]
Thursday, Jun 17, 2010
The plan for development and operation (PDO) of the North Sea Gudrun field was approved by the Norwegian Parliament on 16 June. Production is scheduled to start in the first quarter of 2014.
Øystein Michelsen, executive vice president for Exploration & Production Norway.
Chapman Freeborn provides private jet charter and air charter services for corporate executives, VIP, business, and incentive travel. Aircraft charter types include Gulfsteam private jets, Learjets, Cessna private jets, and Bombardier private jet charters for VIP and executive travel, helicopters, and large Boeing and Airbus aircraft for group travel and crew rotations.
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Produced Water Solutions, Inc., ("PWS") a technology driven water purification and services provider to the Oil and Gas Industry, announced that it has been awarded a multi-year contract for its produced water recycling mobile treatment system that will be operated in the Denver-Julesburg Basin of Colorado.
Produced water recycling provides many benefits to Oil & ... more
STEALTHGAS INC. (Nasdaq:GASS), a ship-owning company primarily serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced the following:
On June 4, 2010 the Company signed a memorandum of agreement to acquire for $56.5 million, from an affiliated entity, a 2010 Korean built resale 115,804 ... more
Alamo Energy Corp. (OTCBB:ALME), is pleased to announce that work has started on the Hubbard 1-H well, Hubbard Lease, Brown County, Texas located on 453 acres.
The workover rig moved into position on Friday 11th June. Work has commenced on the well with tubing being pulled and tested to 5000 psi.
We have Squeeze cemented the Caddo perforations and are preparing ... more
Hydrogenics Corporation (Nasdaq:HYGS) (TSX:HYG), a leading developer and manufacturer of hydrogen generation and fuel cell products, today announced the award of two electrolyzers with supporting services to customers in Australia. One contract will supply a Hydrogenics HySTAT-30 electrolyzer for Queensland Energy Resources (QER) in Queensland, Australia; the second contract ... more
MegaWest Energy Corp., (the "Company" or "MegaWest") (OTCBB:MGWSF), an independent oil and gas company specializing in non-conventional oil and gas projects with a focus on North American heavy oil, is pleased to announce that GLJ Petroleum Consultants ("GLJ"), an independent petroleum consulting firm, has confirmed and updated prior estimates of volumes ... more
Foraco International SA (the "Company" or "Foraco"), a leading global provider of diversified drilling services, today announced it has fully completed the acquisition of a 50% controlling interest in LLC Eastern Drilling Company ("EDC") from Russia.
EDC has operated diamond drilling services for major and junior foreign and Russian companies in the mining industry in ... more
Terasen Gas has received approval from the British Columbia Utilities Commission (BCUC) to decrease the natural gas and propane rates it charges most of its customers. The decreases will take effect July 1, 2010.
"Terasen Gas is committed to delivering maximum value to our customers. We are pleased to be able to decrease the natural gas commodity rate for most of our ... more
Newfoundland based Rutter Technologies, a division of Rutter Inc. (TSX:RUT), is the first company in North America to be recognized by the Norwegian Clean Seas Association (NOFO) for exceptional performance of its Oil Spill Response Radar.
The Sigma S6 radar technology, developed and produced in St. John's, Newfoundland and Labrador, has proven to be very effective in ... more
EXCO Resources, Inc. (NYSE:XCO) (“EXCO”) today announced an agreement to purchase properties prospective for the Haynesville and Bossier shales from Southwestern Energy Company (NYSE:SWN) (“SWN”) for approximately $355 million, subject to customary purchase price adjustments. The properties to be acquired include producing assets, gathering lines and acreage ... more
VANCOUVER, June 16 /PRNewswire-FirstCall/ -- Magma Energy Corp. (TSX: MXY) is pleased to provide an exploration update on our properties in Chile and Peru. In Chile, Magma has an exploitation permit enabling development of a 50 MW geothermal operation on the 4,000 hectare Laguna de Maule (Maule) property. Maule adjoins the 100,000 hectare Pellado property and together these properties ... more
HOUSTON, June 16 /PRNewswire-FirstCall/ -- VAALCO Energy, Inc. (NYSE:EGY) announced today the Southeast Etame No. 1 ("ETSEM-1") exploration well completed drilling to a total depth of 9,045 feet (2,757 meters) offshore Gabon and encountered approximately sixteen ... more
WUHAN, China, June 16 /PRNewswire-FirstCall/ -- Landstar Inc.'s (LDSR; http://www.landstarcorp.com/) subsidiary Hubei Chuguan Industrial Co., Ltd. announces that the company competes for an oil and gas recovery installation, while the management continues to seek ways to merge the two strong ... more
HOUSTON, June 16 /PRNewswire-FirstCall/ -- Southwestern Energy Company (NYSE:SWN) announced today that it has entered into a definitive purchase and sales agreement with EXCO Resources, Inc. (more
The plan for development and operation (PDO) of the North Sea Gudrun field was approved by the Norwegian Parliament on 16 June. Production is scheduled to start in the first quarter of 2014.Øystein Michelsen, ... more
Following a meeting with the President of the United States, the BP Board announces an agreed package of measures to meet its obligations as a responsible party arising from the Deepwater Horizon spill.
Agreement was reached to create a $20bn claims fund over the next three and a half years on the following basis:
- BP will initially make payments ... more
Redback 2
Progress and Status:
Origin Energy, on behalf of the L11 Joint Venture, advises that the Weatherford drilling rig 826 is currently drilling the Redback 2 exploration well. This well is being drilled from the same surface location as Redback 1, drilled in 2004.
An attempt to obtain wireline logs was unsuccessful ... more
AWE Limited reports that as at 06:00 Yemen time (-7 hrs AEST) on 16 June 2010, the Jebel Al Milh-1 well was at a depth of 2,350 metres with the drill string running in hole, preparing to drill ahead. Progress for the week was 55 metres.
Jebel Al Milh-1 is located 16 kilometres north-northeast of the Al Meashar-1 well, which recently discovered oil in the ... more
Totalling $37.5 million, the projects range from solar power to energy from pig waste
Despite numerous climate change accords and CO2 reduction policies, coal remains a staple energy source and the dirty fuel’s consumption is supposed to rise exponentially until 2035, according to projections by the U.S. Energy Information Administration. Good news for carbon capture projects? Perhaps.
Source: EIA
Chapman Freeborn Airchartering has once again landed the prestigious Air Cargo Charter Broker of the Year prize at the ACW World Air Cargo Awards.
For the fourth consecutive year, worldwide freight forwarders and cargo airlines have chosen the global aircraft charter specialist as their favourite provider following a round of independent voting.
The ACW broker ... more
Hello, my name is the United States of America. I am an oiloholic
Wednesday, Jun 16, 2010
Preparations for second well location underway
Ivanhoe Energy Inc. (TSX: IE, NASDAQ: IVAN) today announced that Sunwing Energy Ltd., the company’s wholly-owned subsidiary, has commenced drilling at Zitong-1 located in Sichuan Province, China’s most prolific gas producing region. Sunwing is the operator of the 659,840-acre (1,031 square miles) gas exploration block in [...]
Bridge Energy UK Ltd Awards OHM Rock Solid Images a WISE CSEM contract in the North Sea
14-06-2010
Geokinetics Announces $80 Million in New Projects Awards
09-06-2010
Aker Solutions ASA (NO) - Aker Solutions wins two drilling equipment contracts
31-05-2010
Acergy S.A. awarded $120 million contract
25-05-2010
DOF Subsea Norway AS Awarded Diverless Frame Agreement & First Call-Out by ConocoPhillips
24-05-2010
J [...]
Wednesday, Jun 16, 2010
Spending on exploration and production (E&P), excluding acquisitions, is expected to rise by eight percent to $353 billion in 2010 among more than 110 of the largest publicly traded oil and gas companies, according to the IHS Herold 2010 Global Upstream Capital Spending Report, a comprehensive annual report just issued. An initial IHS [...]
Wednesday, Jun 16, 2010
BP notes the comments made by President Obama last night.
BP notes the comments made by President Obama last night.
It confirms that the Company will be meeting with the President this morning, US Eastern Standard Time, to discuss his proposal for arrangements to ensure that all legitimate claims in respect in the Gulf of Mexico oil spill are paid out in a fair and timely manner. BP will continue to keep the ... more
Crown Point Ventures Ltd. ("Crown Point" or "the Company") (TSX VENTURE:CWV) expects to commence an oil targeted development drilling program during the week of June 21, 2010. Crown Point plans to drill three wells at its El Valle oilfield in the Golfo San Jorge Basin, Argentina. Funding for this program derives from the recently completed non-brokered private placement, which raised ... more
Project partner and operator of Service Contract 54A in the Philippines, Nido Petroleum Limited, ("Nido") has provided TG World Energy Corp. (TSX VENTURE:TGE) ("TG World") with an update on the Tindalo-1 well. The well has been testing at various production rates since early June.
"Nido Petroleum Ltd provides this update on the Extended Well Testing ("EWT") at Tindalo.
more
Africa Oil Corp. ("Africa Oil" or "the Company") (TSX VENTURE:AOI) is pleased to announce that it has signed a Letter of Intent with Red Emperor Resources NL ("Red Emperor") pursuant to which Red Emperor will acquire a participating interest in the Dharoor and Nugaal Valley Blocks located in Puntland (Somalia).
Under the terms of the Letter of Intent, Red Emperor will ... more
Candax Energy Inc. ("Candax") (TSX:CAX) announces that Falcan Chaal Petroleum Limited ("Falcan Chaal"), a 100% owned subsidiary of Candax, and the operator of the Chaal Permit (the "Permit") has received notification from Tunisia's Directeur General de l'Energie that its request for an extension to the Permit has not been accepted and that the Permit has been canceled. Having ... more
Essential Energy Services Ltd. (TSX:ESN) ("Essential") is pleased to announce that it has acquired three nitrogen pumpers and related equipment for $1.7 million (the "Acquisition") from Nitro Pro Energy Services Inc., a private energy services company. The assets are relatively new and the purchase price represents a significant discount to replacement cost. The Acquisition increases ... more
NGAS Resources, Inc. (Nasdaq:NGAS) announced today that it has set pipe on its initial horizontal Weir sandstone well in the southern Appalachian Basin.
Vertical depth was 3,600 feet, with the horizontal portion extending 2,040 feet. Completion with a 10-stage water frac is scheduled for July. A second horizontal Weir well is being drilled, and NGAS is currently permitting ... more
Alamo Energy Corp. (OTCBB:ALME) is pleased to provide a drilling update on the H.V Taylor Lease located on 55 acres, Adair County, Kentucky.
The H.V. Taylor TDS No. 4 well spudded June 7th. Progress is as
follows: Drilled thru 3rd break of the Knox Formation, Target Depth 1,780ft. We believe there are good oil shows with video logging underway.
The H.V. ... more
Lucas Energy, Inc. (NYSEAmex:LEI) an independent oil and gas company (the "Company") based in Houston, Texas, today announced that the Company has acquired approximately 2,000 additional acres in the Eagle Ford - Austin Chalk Trend area. The acquisitions, from several parties, includes 9 wells, some of which are producing. A workover rig has already been employed to improve production ... more
Doral Energy Corp. (OTCBB:DRLY) ("Doral" or "the Company"), is pleased to announce to shareholders that Doral Management has completed on schedule its divestiture of its Hanson Energy Oil and Gas Assets for $10,000,000.00.
Use of proceeds will include the re-payment of its Senior Secured Debt with Macquarie Bank Limited, the payoff of all trade debt associated with the ... more
Pacific Rubiales Energy Corp. (TSX: PRE; BVC: PREC), announced today that Ecopetrol, the company's partner in the development of the Rubiales field, has given its approval to the request to expand the commercial area of the Rubiales field, located in the Llanos Basin in Colombia.
Ronald Pantin, Chief Executive Officer, commented: "We are very pleased with this approval, ... more
Winstar Resources Ltd. ("Winstar" or "the Company") (TSX: WIX) is pleased to announce that the Company has executed a contract with Helmerich & Payne International (Boulder) Drilling Co. - Tunisia ("H&P") to provide a 1'500 horsepower drilling rig and associated services for the operation to deepen the Ech Chouech Sud No. 1 (ECS No. 1) well on the 100% owned and operated ... more
The Oilfield Technology Group (OTG) of Hexion Specialty Chemicals, Inc., today announced the startup of a new manufacturing plant and the opening of additional transload facilities to provide resin coated proppants to fracturing service companies and operators in the oil & gas industry.
“These new facilities are strategically located to provide product in proximity ... more
Exterra Energy Inc. (OTCBB:EENI) wants to update its shareholders and let them know that the acquisition announced on April 29, 2010 is on track and expected to close soon. While the terms of the deal have been finalized on the project itself, final documentation from the Attorneys is expected shortly.
Exterra Energy, Inc.’s CEO, Todd Royal, said, ... more
CGGVeritas (ISIN: 0000120164 – NYSE: CGV) (Paris:GA) (NYSE:CGV) announced today that it has signed a Technology Cooperation Agreement (TCA) with the Brazilian energy company, Petrobras, for the collaborative development and implementation of new technologies in the field of Geophysics.
The TCA sets the framework for collaborative research projects between Petrobras ... more
HOUSTON, June 15 /PRNewswire-FirstCall/ -- Far East Energy Corporation (OTC:FEEC) (BULLETIN BOARD: FEEC) announced today that it has negotiated a Gas Sales Agreement (GSA) with its partner, China United Coal Bed Methane Corporation ... more
Preparations for second well location underway
CALGARY, June 15 /PRNewswire-FirstCall/ -- Ivanhoe Energy Inc. (TSX: IE, NASDAQ: IVAN) today announced that Sunwing Energy Ltd., the company's wholly-owned subsidiary, has commenced drilling at Zitong-1 located in Sichuan Province, China's most prolific gas producing region. Sunwing is the operator of the 659,840-acre ... more
- Since the year 2000, production has increased by 500% - In 2010, investment will exceed US$600 million, and there are plans to drill 60 wells - It is estimated that at the end of June 2010, production from the Castilla and Chichimene fields will reach 120,000 barrels of crude per day
BOGOTA, Colombia, June 15 /PRNewswire-FirstCall/ -- The Castilla field, located ... more
HOUSTON, June 15 /PRNewswire-FirstCall/ -- Blue Dolphin Energy Company (NASDAQ:BDCO) ("Blue Dolphin" or the "Company"), an independent oil and gas company with operations in the Gulf of Mexico, announced today that it has signed a commitment letter with Blue Sky Langsa, Ltd. ("Blue ... more
LONDON, June 15 /PRNewswire-FirstCall/ -- Endeavour International Corporation (NYSE-Amex: END) announced today that an agreement has been reached for production facilities for the Columbus field in Blocks 12/16f and Block 23/16f under development in the United Kingdom sector of the Central North Sea. Endeavour holds a 25 percent interest in the field, which is expected to begin ... more
WASHINGTON, June 15 /PRNewswire/ -- BP's massive oil spill in the Gulf of Mexico will lead to sweeping changes in how the industry drills wells and produces oil and natural gas from deepwater plays, two experts said Tuesday at a Platts Energy Podium here.
The pair also said BP's runaway Macondo well, the site of the April 2010 Deepwater Horizon drilling rig explosion, ... more
Spending on exploration and production (E&P), excluding acquisitions, is expected to rise by eight percent to $353 billion in 2010 among more than 110 of the largest publicly traded oil and gas companies, according to the IHS Herold 2010 Global Upstream Capital Spending Report, a comprehensive annual report just issued. An initial IHS Herold study of 65 companies issued ... more
KBR (NYSE: KBR) announced that it has received final change order agreements with its joint venture partners Technip of France and JGC Corporation of Japan, for the Yemen LNG Plant. The contract on this lump-sum turnkey project, valued at more than $2 billion, was first announced in September 2005. As announced in KBR’s First Quarter 2010 Earnings Call, Train 2 of the Yemen ... more
Fitch Ratings, one of the three big credit rating agencies, has downgraded BP following the disastrous Gulf of Mexico oil spill.
The oil giant's rating has been cut by six notches, from AA to BBB.
The move means Fitch is less confident of BP's ability to repay its debts following the huge clean-up and legal costs the company is expected to rack up as a result ... more
TNK-BP’s Sorochinskneft oil and gas production unit performed well interventions on 7 wells in the Tokskoe field during May 2010 to equalize the injectivity profile, with an anticipated increase of around 14,000 tonnes of oil for 2010.
According to Andrey Mirgorodskiy, waterflood manager in Sorochinskneft’s ... more
Cairn has been notified that the Government of Greenland Cabinet has announced the formal approval for the first two wells of Cairn’s 2010 planned four well exploration programme in the Disko West area, offshore Western Greenland.
Source: Cairn ... more
June 15,2010 -- AES Corporation's wholly owned subsidiary, AES China Hydropower Investment Co. Pte. Ltd., has entered into an agreement to acquire a 49 percent interest in the Jianghe Rural Electricity Development Co Ltd. joint venture, AES announced. ....
June 15,2010 -- China Guodian Corp. has signed an initial agreement to build hydro and coal-fired power plants in Myanmar, the company said in a statement. ....
A media columnist asks the question as unprecedented real-time coverage unfolds
Austal Launches Wind Express Series
15-06-2010
AES Wind Generation Expands Development Pipeline in Poland to 775 MW
15-06-2010
Renewable Energy Generation Announces Acquisition of 4.95MW wind farm from E.ON Climate and Renewables UK Operations Limited
15-06-2010
Petrofac Acquires Renewables Sector Technical Specialist TNEI
14-06-2010
EWEA predicts a strong European market for wind turbines in 2010
14-06-2010
Prysmian Secures Borwin2 Project Worth Well in [...]
Tuesday, Jun 15, 2010
Sterling Resources Ltd. (TSX-V: SLG) (”Sterling” or the “Company”) announces that the Airidh well 42/19a-1 drilled in the UK Southern North Sea was unsuccessful in finding a targeted natural gas presence. The well was commenced on May 23rd and reached a total depth (TD) of 4371 feet.
Are you looking for all the latest Arran field Project and Contract Awards?
Projects OGP is Published monthly focus’s on recently awarded projects contracts and awards in the global Oil, Gas and Petrochemical upstream and downstream sectors.
Subscribers to Projects OGP will benefit from receiving the latest industry news, all of which relates to recently awarded projects and [...]
Are you looking for a manufacturer or distributor to supply Distribution Systems in Kuwait? MCI are a leading supplier of Distribution Systems in Kuwait and through out Middle East.
MCI offer a range of custom built equipment suitable for Hazardous Areas, Junction Boxes, Starters, Control Panels, Motor Control Centre’s, Distribution Boards are among the items built. Standard products [...]
Tuesday, Jun 15, 2010
Serica Energy plc (”Serica” or the “Company”) (TSX VENTURE:SQZ)(AIM:SQZ) announces that agreement has been reached with BG International Limited (”BG”), as operator of the Lomond field, and Dana Petroleum Limited, as operator of the Arran field (formerly the Barbara and Phyllis fields), whereby BG will carry out Front End Engineering and Design [...]
Are you looking for a supplier of Management System Software to help manage your project in North Africa? Matrix Management Systems are specialists in providing Management System Software to manage oil and gas projects and operations in North Africa.
The MAT-Sys™ Matrix Management System is the only product of its kind on the market. It’s based [...]
Tuesday, Jun 15, 2010
Parex Resources Inc. (”Parex”, “we” or the “Company”) (TSX VENTURE:PXT) is pleased to provide an exploration update for the Company’s drilling activity in Colombia and in Trinidad.
JOB PURPOSE:
* Design of Electro Hydraulic (EH) control systems, assembly packages and sub-systems primarily for IWOCS market whilst supporting full spectrum of installed base EH control systems.
* Provide technical support to the customer support for the purpose of maintenance & refurbishment of company and customer owned equipment.
* Provide technical support to the Field Service group [...]
Tuesday, Jun 15, 2010
Samson Oil & Gas Limited (ASX: SSN) (NYSE AMEX: SSN) announced on June 11th that, as a result of the recent successful drilling of its third Middle Bakken well, the Gary #1-24H, in Williams County, North Dakota, in the deepest part of the Williston Basin, its conservative production estimate from the North [...]
United Industries
United Industries is the branch of Elsewedy Cables that guarantees meeting tailored customers requirements; from the Domestic Appliance Cord to the extremely high performance Category 7 Local Area Network Cables required for the next generation of computers; from the small pairs telephone cables required in the home and business premises; to the complex Instrumentation [...]
Tuesday, Jun 15, 2010
Dana Petroleum plc (“Dana”, “the Group” or the “Company”) is pleased to announce that the Company (through its subsidiary Dana Petroleum (E&P) Limited) has entered into an agreement to acquire the entire issued share capital of Petro Canada Netherlands BV (“Petro Canada Netherlands”) from Petro Canada (International) Holdings B.V, a wholly owned [...]
Chapman Freeborn provides private jet charter and air charter services for corporate executives, VIP, business, and incentive travel. Aircraft charter types include Gulfsteam private jets, Learjets, Cessna private jets, and Bombardier private jet charters for VIP and executive travel, helicopters, and large Boeing and Airbus aircraft for group travel and crew rotations.
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TL/2
The operator, Apache Oil Australia Pty Ltd, has advised that the Bath-1 well which was drilled by Apache on a sole risk (100%) basis has reached Total Depth. The well did not encounter significant hydrocarbons in the exploration objective but as prognosed, did encounter oil in the shallower secondary objective which is the oil bearing reservoir of the existing ... more
Candax Energy Inc. ("Candax") (TSX:CAX) is pleased to announce the start of the two well side-track program on the Maretap-operated Ezzaouia field, following a successful final inspection of the Ulysse rig and the commencement of operations.
The workover program includes two sidetracks to existing, but non-producing wells, as well as contingent work-overs on two further ... more
ATCO Structures & Logistics (ASL) today announced it has been awarded a contract to build a 50-person work camp for Eni Petroleum on Alaska's North Slope.
"ATCO Structures & Logistics has been supplying workforce housing and modular buildings to Alaska since the late 1960s," said Harry Wilmot, President & Chief Operating Officer, ASL. "Our experience and ... more
Inter Pipeline Fund ("Inter Pipeline") (TSX:IPL.UN) announced today that it has received a copy of an unsolicited mini-tender offer by TRC Capital Corporation ("TRC"), pursuant to which TRC has offered to purchase up to 5,000,000, or approximately 1.95%, of the outstanding Class A limited partnership units ("units") of Inter Pipeline. The $11.00 per unit offer price represents a ... more
Parex Resources Inc. ("Parex", "we" or the "Company") (TSX VENTURE:PXT) is pleased to provide an exploration update for the Company's drilling activity in Colombia and in Trinidad.
Colombia Exploration Update
Parex's first well in its Central Llanos exploration program, Kona-1 on the LLA-16 Block (Parex 50 percent working interest), commenced drilling operations ... more
Deepwell Energy Services Ltd., on behalf of Deepwell Energy Services Trust ("Deepwell") (TSX:DWL.UN) is pleased to announce that Deepwell has completed its proposed conversion to a corporation ("Conversion").
The Conversion was approved at an Annual and Special Meeting (the "Meeting") of unitholders held June 4, 2010, with 99.99% of votes cast being in favour of the ... more
Serica Energy plc ("Serica" or the "Company") (TSX VENTURE:SQZ)(AIM:SQZ) announces that agreement has been reached with BG International Limited ("BG"), as operator of the Lomond field, and Dana Petroleum Limited, as operator of the Arran field (formerly the Barbara and Phyllis fields), whereby BG will carry out Front End Engineering and Design work ("FEED") for a Bridge Linked ... more
Sterling Resources Ltd. (TSX-V: SLG) ("Sterling" or the "Company") announces that the Airidh well 42/19a-1 drilled in the UK Southern North Sea was unsuccessful in finding a targeted natural gas presence. The well was commenced on May 23rd and reached a total depth (TD) of 4371 feet.
"Although over 300 feet of Bunter Sandstone, the primary target formation, was encountered ... more
CGGVeritas (ISIN: 0000120164 – NYSE: CGV)(Paris: GA) announces the launch of BroadSeis, a new integrated service for high-resolution marine seismic. BroadSeis is an innovative solution based on the deployment of specific configurations of Sentinel solid streamers combined with a new patented imaging technology designed to offer oil companies broadband seismic data, resulting ... more
HENDERSON, NV, June 14 /PRNewswire-FirstCall/ -- Stellar Resources Ltd.,(OTCBB: SRRL) an oil and gas property acquisition, exploration and development company, (the "Company") today announced the completion of its agreement to acquire 100% of Elk Hills Heavy Oil, LLC and 100% of Four Bear Heavy Oil, LLC from Mr. Ray Jefferd and Mr. Glen Landry, (the "Sellers").
The ... more
West-to-East II Pipeline Will Use Experion PKS and Safety Manager to Help China Transition from Coal to Natural Gas
BEIJING, June 14 /PRNewswire-FirstCall/ -- Honeywell (NYSE:HON) has been selected to provide the control and safety systems for ... more
RICHMOND, Va., June 14 /PRNewswire-FirstCall/ -- Dominion (NYSE:D) today announced that its natural gas transmission and storage subsidiary, Dominion Transmission, has reached a 15-year agreement with the gas subsidiary of CONSOL Energy Inc. for firm transportation ... more
MIDLAND PARK, N.J., June 14 /PRNewswire-FirstCall/ -- Roger L. Fidler Esq. is pleased to announce that the Board of Directors of Global Agri-Med Technologies, Inc. (Pink Sheets: GAGO) has entered into a Letter of Intent to acquire the assets of Quad Energy of Canada through a reverse merger with Quad Energy being the surviving public entity.
The Letter of Intent ... more
Dana Petroleum plc (“Dana", “the Group” or the “Company”) is pleased to announce that the Company (through its subsidiary Dana Petroleum (E&P) Limited) has entered into an agreement to acquire the entire issued share capital of Petro Canada Netherlands BV (“Petro Canada Netherlands”) from Petro Canada (International) Holdings ... more
Samson Oil & Gas Limited (ASX: SSN) (NYSE AMEX: SSN) announced on June 11th that, as a result of the recent successful drilling of its third Middle Bakken well, the Gary #1-24H, in Williams County, North Dakota, in the deepest part of the Williston Basin, its conservative production estimate from the North Stockyard Field for the month of December 2010 would be, net ... more
TORONTO, June 14 /PRNewswire-FirstCall/ -- Eagleford Energy Inc. (OTCBB "EFRDF") ("Eagleford Energy" or the "Company"), announces that it has acquired from an arms length party a 10% working interest (7.5% net revenue interest) before payout and a 7.5% working interest (5.625% net revenue interest) after payout of production of the sum of $15,000,000 gross (the "Interest") in ... more
The price of oil has jumped sharply to above $75 a barrel as rising stock markets helped to boost confidence in the global economic recovery.
US light crude rose by more than $2, or 3%, a barrel, to $75.90, before slipping slightly. Brent was up $1.8 a barrel to $76.13, before falling back.
Strong eurozone industrial production figures helped to push stocks ... more
Solstad Offshore has announced contracts for the AHTS vessels Normand Borg and Normand Draupne.Solstad Offshore ASA (SOFF) has been awarded a long term contract for the AHTS Normand Borg with Petrobras SA. The contract duration is 4 years firm with option for an additional 4 years. Commencement during 2nd half 2010. The value of the firm contract is approximately NOK 380 mill.
SOFF ... more
HOUSTON, June 14, 2010 /PRNewswire via COMTEX/ --ATWOOD OCEANICS, INC., (NYSE: ATW) a Houston-based International Drilling Contractor, announced that the ATWOOD BEACON (owned and operated by our wholly-owned subsidiary, Atwood Oceanics Pacific Limited) has been awarded a contract by Edison International S.p.A. (Ivory Coast Branch) ("EDISON") to drill one (1) well offshore Ivory ... more
Sevan Driller has left Macae, heading for the drilling location. The advanced deepwater drilling unit is the world's first cylindrical rig and will be operating in the pre-salt area under a six year drilling contract with Petrobras.
Source: Sevan ... more
TGS announced today that its Geological Products division purchased the directional survey business of P2 Energy Solutions' Tobin business line. The agreement includes the purchase of P2's existing database of over 38,000 high quality directional surveys and incorporates ... more
June 14,2010 -- Iran plans to build a hydropower plant in Georgia and seeks to import electricity from the former Soviet republic, wire services reported. ....
American Petro-Hunter, Inc.(OTC.BB:AAPH - News) ("American Petro-Hunter" or the "Company") today wishes to report on the accelerating activities at the Company's North Oklahoma Project where the third well in the drill program, designated NOK#3, ... more
The EU has already introduced 0.1% sulphur as a maximum level for a ship’s fuel when in ports and on inland waterways. As of 1 July this year, the maximum level of sulphur in fuel is set at 1.0% in ECAs (Emission Control Areas), and the requirements will be further tightened to 0.1% by 2015.
“There are at least three ways of solving these challenges,” ... more
June 14,2010 -- RWE Innogy and Voith Hydro are installing a 1-MW marine tidal current turbine off the Scottish coast through joint venture Voith Hydro Ocean Current Technologies, project developers reported. ....
Monday, Jun 14, 2010
The field has a surface of 29,447 hectares - The development plan forecasts a production of 170,000 barrels a day in 2011, compared to the 122,500 barrels a day currently being pumped - Ecopetrol has a 60% share of the hydrocarbons produced at Rubiales
Bridge Energy UK Ltd Awards OHM Rock Solid Images a WISE CSEM contract in the North Sea
14-06-2010
Sinochem and Statoil sign cooperation agreement
11-06-2010
AMEC awarded major South Hook LNG Terminal contract
10-06-2010
AGR Field Operations and Statoil extend pipeline inspection contract
10-06-2010
ABB wins US$155 million oil and gas order in Kuwait
09-06-2010
Geokinetics Announces $80 Million in New Projects Awards [...]
Blackwater Midstream Corp. (OTCBB: BWMS) announces that Blackwater New Orleans, LLC, its wholly owned subsidiary, has completed a previously announced expansion at its Westwego, LA terminal that included the construction of a new ship dock and three 50,000 barrel storage tanks. The first ship is scheduled to call at the facility on Friday, June 11, 2010. The ship dock has a draft ... more
Offshore Hydrocarbon Mapping plc (AIM:OHM), is pleased to announce that it has been awarded a CSEM contract, worth in excess of $1 million, in the North Sea, by an existing client, Bridge Energy UK Ltd (formerly Silverstone Energy). The project, under OHM's WISE (Well Integration with Seismic and Electromagnetics) product includes providing the client with a fully integrated dataset, ... more
Enterprise Products Partners L.P. (NYSE:EPD) today announced that it has completed repairs to the portion of its partially-owned North Texas natural gas pipeline that was damaged on the afternoon of June 7, 2010 in rural Johnson County, Texas. Full service to customers affected by the disruption was restored on June 12, 2010. The North Texas pipeline is a 36-inch, 395-mile segment ... more
HOUSTON, June 11 /PRNewswire-FirstCall/ -- Hyperdynamics Corporation (NYSE Amex: HDY) today announced that it has contracted with PGS Geophysical to conduct the acquisition phase of a 3D seismic survey on its offshore block in the Republic of Guinea. Following a thorough technical and commercial review of the seven bids received in the May tender, Hyperdynamics awarded the contract ... more
The field has a surface of 29,447 hectares - The development plan forecasts a production of 170,000 barrels a day in 2011, compared to the 122,500 barrels a day currently being pumped - Ecopetrol has a 60% share of the hydrocarbons produced at Rubiales
BOGOTA, Colombia, June 11 /PRNewswire-FirstCall/ -- The Board of Directors of Ecopetrol (NYSE: EC; BVC: ECOPETROL; ... more
WesternZagros Resources Ltd. (TSX VENTURE:WZR) ("WesternZagros" or "the Company") has received confirmation of well control insurance coverage and approval for the first interim payment of $5.7 million from 100% of the insurance syndicate. The Company has received proceeds of $4.8 million to date. The Company continues to submit interim insurance claims related to the well control ... more
Kulczyk Oil Ventures (WARSAW:KOV) ("KOV", "Kulczyk Oil" or the "Company") is pleased to announce that through a subsidiary, Loon Ukraine Holding Limited ("Loon Ukraine"), it has completed the acquisition of an effective 70% interest in KUB-Gas LLC ("KUB-Gas"). KUB-Gas is a private Ukraine company which owns gas producing assets and certain service assets. Kulczyk Oil owns 70% ... more
Angle Energy Inc. ("Angle" or the "Company") (TSX:NGL) is pleased to provide an operational update on the light oil drilling program announced April 15, 2010.
The second quarter to date has been operationally intensive for Angle, and the focus of drilling activities has been on expanding and developing the Company's light oil projects. Angle has had 100% drilling success ... more
Ending subsidies for fossil fuels would trigger a switch to less GHG-intensive fuels, Paris-based group says
Trans Mountain Pipeline operator questions commercial viability of rival export route
Repsol Chairman Antonio Brufau, and Peruvian President, Alan Garcia, today officially inaugurated the first gas liquefaction plant in South America, in Pampas Melchorita, 170 kilometres to the south of Lima (Peru).
The plant that is part of the Peru LNG project represents an investment of 3.8 billion euros, the biggest investment ever made in one project in the history ... more
Reliance Industries Limited (RIL) announced its sixth oil discovery in exploratory block CB-ONN-2003/1 (CB 10 A&B), awarded under the NELPV round of exploration bidding.
The well CB10A-T1 was drilled to a total depth of 1500 meters in Part A of the block, with the objectives of exploring the play fairway in the Miocene Basal Sand (MBS) of Babaguru Formation as ... more
The Chinese company Sinochem Group and Statoil signed today in Oslo a Memorandum of Understanding (MoU) that will foster cooperation and long term experience sharing between the two companies.
The MoU follows the Peregrino-transaction where Sinochem bought a 40% share in the oil field offshore Brazil. Statoil maintains 60% ownership and the operatorship of the field which ... more
Lucas Energy, Inc. (NYSEAmex:LEI) an independent oil and gas company (the "Company") based in Houston, Texas, today announced that the Company has begun testing the Gescheidle No.1 well, Gonzales County, Texas. The well is a plug back of a horizontal well in the Austin Chalk formation with straight hole drilling down to the Buda formation. On initial test after perforating and ... more
The National Ocean Industries Association (NOIA), Independent Petroleum Association of America (IPAA) and the American Petroleum Institute (API) have formed two new task forces to address oil spill preparedness and response.
“A recurring theme raised by the ongoing spill in the Gulf of Mexico is that the technology exists to drill successfully in deeper and deeper ... more
Bronco Drilling Company, Inc. (Nasdaq/GS:BRNC), announced today operational results for the month ended and as of May 31, 2010.
Utilization for the Company’s drilling fleet was 54% for the month of May compared to 52% for the month of April and 43% for the first quarter of 2010. The Company had an average of 37 marketed drilling rigs in May compared to 37 in April, and ... more
Schlumberger Limited (NYSE:SLB) announced today the effect on its US operations following the recently announced six-month Minerals Management Service (MMS) moratorium on certain drilling operations in the US Gulf of Mexico and on other matters relating to its North American operations.
Schlumberger Oilfield Services revenue attributable to the US Gulf of Mexico represented ... more
Samson Oil & Gas Limited (ASX: SSN) (NYSE AMEX: SSN), which holds equity in six Sections in Township 154 N Range 99 W in Williams County, North Dakota, located in the deepest part of the Williston Basin, updated its prior reports on the exceptional growth in oil production and reserves that it has achieved in the area. Having just drilled its third Middle Bakken well (Gary ... more
Fiscal 2010 operating income from the U.S. Gulf of Mexico represents six percent of the company's consolidated operating income
HOUSTON, June 10 /PRNewswire-FirstCall/ -- Bristow Group Inc. (NYSE:BRS) today provided an update on the impact of ... more
$1.05 billion transaction brings production of 19,000 equivalent barrels per day, drilling upside
HOUSTON, June 10 /PRNewswire-FirstCall/ -- Apache Corporation (NYSE:APA) ( NASDAQ: APA) said today that it has completed its previously announced ... more
Sevan has been informed that the Sevan Driller has been accepted by Petrobras. The rig will be operating in the pre-salt area offshore Brazil under a fixed six year drilling contract.
The information in this announcement is subject to the disclosure requirements of the Norwegian Securities Trading Act section 5-12 and/or the Oslo Børs – Continuing ... more
MAIN PASS 20 # 4 WELL
Today Petsec Energy announced the results of the Main Pass Block 20 #4 well located in the Gulf of Mexico in 11 metres (35 feet) of water. The well reached a total depth of 3,900 metres (12,800 feet) and wireline logs have been run. The well intersected a thick channelised reservoir sequence confirming the targets predicted by the Company’s ... more
ERCB predicts production of raw bitumen will reach 3.2 million bpd by 2019
June 10,2010 -- Emerson Process Management has been awarded a $28 million contract to control, protect and monitor 100 hydro units of the Dnipro hydroelectric complex for OJSC UkrHydroEnegro (UHE) – the main hydropower generating company of Ukraine. ....
Keyera Invests $65 Million to Expand Gathering and Processing Presence in West Central Alberta
10-06-2010
Air Products Building World Class Hydrogen Plant in China
09-06-2010
Technip awarded 3 contracts for refinery units in India
08-06-2010
Foster Wheeler Awarded Contract for New Grassroots Refinery in Iraq
04-06-2010
Samsung Engineering scores a $1.7 billion petrochemical plant contract
04-06-2010
SIBUR has started construction of the largest [...]
June 10,2010 -- Finland's Poyry has been awarded a surveying contract for the new Limmern pumped-storage hydropower plant in Switzerland, Poyry reported. ....
Thursday, Jun 10, 2010
BP today provided an update on developments in the response to the MC252 oil well incident in the Gulf of Mexico.
BP notes the fall in its share price in US trading last night. The company is not aware of any reason which justifies this share price movement.
BP continues to keep the market updated on the Gulf of Mexico oil spill through regular announcements. The response to this incident is our top priority.
BP faces this situation as a strong company. In March, we indicated ... more
Farstad Shipping has been awarded the following charter contracts:
AHTS Far Santana (2000, UT 730, 19.200 BHP) has been awarded a 4 years contract by Petrobras Brazil, commencing in second half 2010.
Petrobras has also contracted AHTS Far Sovereign (1999, UT 741, 27.400 BHP) for a period of 4 years with start-up second half of 2010.
more
ARC Energy Trust (the "Trust" or "ARC") (TSX:AET.UN) and Storm Exploration Inc. ("Storm") (TSX:SEO) announced today that they have entered into an Arrangement Agreement whereby ARC will acquire all of the existing and outstanding common shares of Storm in a transaction valued at approximately $680 million (using ARC's 30 day weighted average unit price of $20.75), and includes ... more
Aztec Oil & Gas, Inc. (PinkSheets:AZGS) announced its entrance into the Navarro County area several months ago, expanding its efforts of drilling for shallow oil.
This area is a proven oil field with many locations that have never been drilled based on older production holding acreage for 30-50 years.
"We have been fortunate in working with local, long time ... more
Alamo Energy Corp. (OTCBB:ALME), is pleased to announce that drilling has commenced on the H.V Taylor Lease, Adair County, Kentucky.
The H.V. Taylor TDS No. 4 well on 55 acres was spudded on June 7th.Progress is as follows: Current Depth of well ~327 ft. Target Depth of well ~2000 ft.
A second drilling rig will be on location at H.V. Taylor TDS No. 5 well today ... more
Telvent (Nasdaq:TLVT), the IT company for a sustainable and secure world, announced today a new contract with Bunde Etzel Pipeline -- Gesellschaft mbH & Co. KG
(BEP) to deliver a turnkey control system for the company's newly constructed natural gas transport pipeline. The Telvent control solution will help assure the security, safety, and efficient operation of the ... more
Avro Energy, Inc. (OTCBB:AVOE) is pleased to announce that Management of the Company has scheduled a wire-log well logging company to use "through the pipe" logging technology on the Dildy Wigel Willis No. 1 Well in South Arkansas commencing this Friday, June 11, 2010. This state of the art "through the pipe" well logging technology is expected to identify and interpret potential ... more
The Canadian Association of Petroleum Producers (CAPP) continues to forecast significant growth in Canadian crude oil production over the next 15 years, driven largely by oil sands.
"CAPP's 2010 Crude Oil Forecast reaffirms the trend of continued long term production growth in Canada," said Greg Stringham, vice-president of markets and oil sands at CAPP. "While the economic ... more
CALGARY, June 9 /CNW/ - ARC Energy Trust (the "Trust" or "ARC") and Storm Exploration Inc. ("Storm") announced today that they have entered into an Arrangement Agreement whereby ARC will acquire all of the existing and outstanding common shares of Storm in a transaction valued at approximately $680 million (using ARC's 30 day weighted average unit price of $20.75) and includes ... more
New solutions improve seismic image quality for use in hydrocarbon prospecting and field development
AMSTERDAM, June 9 /PRNewswire/ -- Paradigm(TM) (www.pdgm.com), a leading provider of enterprise software solutions to the global oil and natural gas exploration and production (E&P) industry, announced development and commercialization plans for two new seismic ... more
PORTLAND, Maine, June 9 /PRNewswire-FirstCall/ -- Magellan Petroleum Corporation (NASDAQ:MPET) ("Magellan" or the "Company") announces that Australia's Foreign Investment Review Board (FIRB) has indicated they have "no objection" to Magellan's acquisition ... more
Engage Communication’s IP-Tube T1 over IP solution is being utilized to bring critical communications connectivity to the front lines of the oil containment and clean-up effort in Louisiana.
“Godspeed to all those involved in protecting the Gulf Coast.”
With thousands of people at work protecting the coastline, the mouth of the Mississippi River ... more
Contango Oil & Gas Company (NYSE Amex: MCF) announced that it has updated its offshore natural gas and oil reserve estimates as of June 1, 2010 as follows:
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BP today provided an update on developments in the response to the MC252 oil well incident in the Gulf of Mexico.
Subsea Source Control and Containment
The lower marine riser package (LMRP) containment cap, installed on June 3, continues to collect oil and gas flowing from the MC252 well and transport them to the Discoverer Enterprise drillship on the surface. ... more
Tri-Valley Corporation (NYSE Amex: TIV) today announced that gross oil production during the month of May from its Pleasant Valley tar sands project in Oxnard, California averaged 333 barrels of oil per day as compared to 186 and 256 barrels of oil per day in April and March, respectively. The Company attributes the higher May production to the impact of longer steam injection cycles ... more
AMEC, the international engineering and project management company, has been appointed by South Hook LNG Terminal Company Limited to undertake a three-year term services contract for one of the largest and newest Liquefied Natural Gas (LNG) terminals in Europe, the South Hook Terminal in South Wales. AMEC will be the design company for the newly completed terminal, providing ... more
Redback 2
Progress and Status:
Origin Energy, on behalf of the L11 Joint Venture, advises that the Weatherford drilling rig 826 is currently drilling the Redback 2 exploration well. This well is being drilled from the same surface location as Redback 1, drilled in 2004.
The target Wagina reservoir was intersected at a ... more
Statoil has exercised the option to extend the current framework agreement for Pipeline Integrity Services with AGR Field Operations, part of the AGR Group. The 2 year extension starting from February 2011 has an estimated value of NOK 30 million. Total remaining value including options has an estimated value of 100 MNOK.
AGR Field Operations will under this extension ... more
Salamander Energy plc, the Asia focussed independent oil and gas exploration and production company, announces the spud of the Tom Su Lua-1X (“DBSCL01-TSL- 1X”) exploration well in Block DBSCL-01, in the Vinh Chau Graben system, offshore southern Vietnam. Salamander holds an operated 75% interest in Block DBSCL-01, which was the subject of a previously announced farm ... more
In the event of an oil supply crisis, the International Energy Association (IEA) has outlined some demand restraining solutions for member countries. This chart shows how much energy could be saved through various demand reduction policies.
Source: IEA
The Management Board of Polskie Górnictwo Naftowe i Gazownictwo SA (,,PGNiG”) reports that on June 7th 2010 it was notified that on Licence PL212, near the Skarv gas and oil field, PGNiG Norway AS (a wholly-owned subsidiary of PGNiG) and its license partners discovered gas deposits in the Snadd North prospect. The recoverable reserves of Snadd North are initially ... more
The Oil and Gas Production Division (NGDU) Sorochinskneft of OJSC Orenburgneft (subsidiary of TNK-BP) is going to use a new method for protection of pipelines.
Maksim Razin, Head of the Pipeline Integrity Group of Sorochinskneft, said that new protection methods are improved, field tests conducted, and new technologies integrated every year for solution of ... more
Wednesday, Jun 09, 2010
Global equipment rental specialists to the energy industry, Coates Offshore, is opening a new facility in Great Yarmouth. This expansion comes as a result of continued success and supports the company’s global growth strategy.
Global equipment rental specialists to the energy industry, Coates Offshore, is opening a new facility in Great Yarmouth. This expansion comes as a result of continued success and supports the company’s global growth strategy.
Coates Offshore are seeking to recruit a senior service engineer and service engineer to oversee day-to-day operations of the ... more
CTC Marine Projects plays an active role in the global supply chain of Life of Field Seismic (LoFS) technology, with the capability to provide installation, burial and maintenance of seismic array cables.
Playing an active role in the global supply chain of Offshore Renewable Power, CTC can provide installation and burial of inter-array and export power cables.
Global equipment rental specialists to the energy industry, Coates Offshore, is opening a new facility in Great Yarmouth. This expansion comes as a result of continued success and supports the company’s global growth strategy.
Coates Offshore are seeking to recruit a senior service engineer and service engineer to oversee day-to-day operations of the new facility, [...]
Are you looking for Oil and Gas Engineering Jobs in Nigeria? The best place to find a list of the key recruitment companies can be found at the recuitment section of Your Oil and Gas News - www.youroilandgasnews.com
Please click the link below to view
http://www.youroilandgasnews.com/directory/personnel+and+recruitment-27.html
Alternatively send in your CV and we will add you to our [...]
Wednesday, Jun 09, 2010
Kosmos Energy announces today that the company’s Mahogany-5 well has continued the successful appraisal of Jubilee-age reservoirs offshore the Republic of Ghana on the West Cape Three Points Block. The results of drilling, wireline logs and reservoir fluid samples show the Mahogany-5 appraisal well penetrated net hydrocarbon-bearing oil pay of 23 meters [...]
Are you looking for all the latest Northern Perth Basin Project and Contract Awards?
Projects OGP is Published monthly focus’s on recently awarded projects contracts and awards in the global Oil, Gas and Petrochemical upstream and downstream sectors.
Subscribers to Projects OGP will benefit from receiving the latest industry news, all of which relates to recently awarded projects [...]
Wednesday, Jun 09, 2010
SALT LAKE CITY, June 8 /PRNewswire-FirstCall/ — FX Energy, Inc. (NASDAQ: FXEN) today announced that a workover rig is on location and re-entry operations on the Zakowo-1 well are underway. Zakowo-1 is the first of four wells in the Zakowo field that the Company plans to re-enter and workover this year. The [...]
Are you looking for a manufacturer or distributor to supply Distribution Systems in Jordan? MCI are a leading supplier of Distribution Systems in Jordan and through out Middle East.
MCI offer a range of custom built equipment suitable for Hazardous Areas, Junction Boxes, Starters, Control Panels, Motor Control Centre’s, Distribution Boards are among the items built. Standard products [...]
Wednesday, Jun 09, 2010
TG World Energy Corp. (TSX VENTURE:TGE) (”TG World”) has been advised by project operator, Nido Petroleum Limited (”Nido”) that several days of production testing of the Tindalo-1 well located in SC54A in the Philippines is complete. Key highlights of the testing include:
Are you looking for a supplier of Management System Software to help manage your project in Denmark? Matrix Management Systems are specialists in providing Management System Software to manage oil and gas projects and operations in Denmark.
The MAT-Sys™ Matrix Management System is the only product of its kind on the market. It’s based on the [...]
Wednesday, Jun 09, 2010
PIRAEUS, Greece, June 8 /PRNewswire-FirstCall/ — Aegean Marine Petroleum Network Inc. (NYSE:ANW) today announced that it has taken delivery of the Nisyros, a 6,270 dwt double-hull bunkering tanker newbuild from Qingdao Hyundai Shipyard in China. The vessel is expected to be deployed to the Company’s market in Greece.
Duties:
* To monitor and manage capacity within manufacturing in order to allow timely release of work and execution of the manufacturing and assembly phases of the order fulfilment process.
* The position is a generic one allowing maximum flexibility within the department. The incumbent can be responsible for performing one or all of the following activities [...]
Wednesday, Jun 09, 2010
ABB, the leading power and automation technology group, has won a contract worth $155 million from the Kuwait Oil Company (KOC) for a turnkey project to design and build a new crude-oil transit line and associated ancillary systems.
SWEG
Wind Business Overview
Wind energy is the most attractive clean and fuel-free solution to the world’s energy challenges. Indigenous and enough wind blows across the globe to cope with the ever increasing electricity demand. It is the fastest growing & most economical and mature renewable energy resource with more than 50 countries all over the world, [...]
Chapman Freeborn provides private jet charter and air charter services for corporate executives, VIP, business, and incentive travel. Aircraft charter types include Gulfsteam private jets, Learjets, Cessna private jets, and Bombardier private jet charters for VIP and executive travel, helicopters, and large Boeing and Airbus aircraft for group travel and crew rotations.
Chapman Freeborn is the [...]
Canadian Quantum Energy Corporation (TSX VENTURE:CQM) ("Canadian Quantum") is pleased to announce the Company's participation with Talisman Energy ... more
TG World Energy Corp. (TSX VENTURE:TGE) ("TG World") has been advised by project operator, Nido Petroleum Limited ("Nido") that several days of production testing of the Tindalo-1 well located in SC54A in the Philippines ... more
Energy Fuels Inc. (TSX:EFR) ("Energy Fuels" or the "Company"), is pleased to provide an update on its projects as well as the status of the Company ... more
Ranger Energy Ltd. (the "Corporation") (TSX VENTURE:RGG.H) is pleased to provide an update on the previously announced arm's length farm in arrangement. On March 31, 2010 the Corporation announced that it had signed a letter ... more
CARLSBAD, Calif., June 8, 2010 (GLOBE NEWSWIRE) -- Alaska Pacific Energy Corp. ("APEC "or the "Company") (OTCBB:ASKE), a public company listed on the OTC Bulletin Board in the USA, is pleased to announce it has entered into a purchase agreement to acquire all the outstanding shares and assets of Engineering Technology Inc. ("Entec") a Calgary Alberta-based, private company. Entec ... more
Legacy Reserves LP (Nasdaq:LGCY) today announced it has closed acquisitions of oil and gas properties located in the Permian Basin for $9.2 million in three separate transactions. The subject properties are operated and produce approximately 179 Boe per day, of which 84% is oil and natural gas liquids. Proved reserves are 869 MBoe from internal estimates. Danny Boone has joined ... more
Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") is pleased to announce that production has commenced from the Company's Cuisinier-1 oil discovery in Australia's onshore Cooper Basin. The well, drilled under the ATP 752P staged farm-in agreement, is producing at an initial rate of approximately 340 barrels of
52 degree API oil per day. The well has been completed ... more
SALT LAKE CITY, June 8 /PRNewswire-FirstCall/ -- FX Energy, Inc. (NASDAQ: FXEN) today announced that a workover rig is on location and re-entry operations on the Zakowo-1 well are underway. Zakowo-1 is the first of four wells in the Zakowo field that the ... more
JULIAN, W.Va., June 8 /PRNewswire-FirstCall/ -- Massey Energy Company (NYSE:MEE) today released the following statement as inspection teams from Massey Energy, Mine Safety & Health Administration (MSHA) and West Virginia Office of Miners' Health, Safety ... more
Stone Horn Ridge LLC will produce safe, responsible and environmentally sound energy
ANCHORAGE, Alaska, June 8 /PRNewswire/ -- Alaska Native corporation Cook Inlet Region Inc. (CIRI) and Houston-based Laurus Energy announced the formation of Stone Horn Ridge LLC, a company created to commercialize syngas from underground coal gasification (UCG). The Anchorage-based ... more
Callon Petroleum Company (NYSE: CPE) today provided an update on its onshore drilling activity in the Permian Basin and Haynesville Shale, and reaffirmed its production guidance for the second quarter and full-year 2010.
“We are excited about the long-term growth potential of our Wolfberry oil development program in the Permian Basin”
“Our team ... more
Delta Oil and Gas, Inc. (OTCBB – DLTA) is pleased to report that the company has successfully drilled Donner #1 to total depth. This is the first of three proposed wells in its Texas Project. Based on the suite of electric logs conducted on this well over the weekend, Delta and its partner unanimously agreed to complete the well for oil production. The setting of production ... more
Diamond Offshore Drilling, Inc. (NYSE:DO) today confirmed that there have been no leaks of hydrocarbons from the semisubmersible drilling rig Ocean Saratoga. The rig is under contract to Taylor Energy Company LLC and engaged in the process of plugging and abandoning wells damaged when a Taylor Energy production platform was toppled during Hurricane Ivan in 2004.
more
Samson Oil & Gas Limited (ASX: SSN) (NYSE AMEX: SSN) advises that the Gary #1-24H well has been drilled horizontally from the 7-inch casing shoe to a measured depth of 14,768 feet having made 3,033 feet of progress in the past 48 hours. The well is expected to be drilled to a total measured depth of 17,344 feet which would represent a horizontal section of 5,689 feet.
more
Kosmos Energy announces today that the company’s Mahogany-5 well has continued the successful appraisal of Jubilee-age reservoirs offshore the Republic of Ghana on the West Cape Three Points Block. The results of drilling, wireline logs and reservoir fluid samples show the Mahogany-5 appraisal well penetrated net hydrocarbon-bearing oil pay of 23 meters (75 feet) in good-quality ... more
Deltron, Inc. (OTCBB: DTRO), through its Blu Vu Deep Oil and Gas Exploration, Inc. division, is developing innovative rebreather equipment to aid in preventing and containing offshore oil spills. Deltron recognizes the critical need for solutions to improve inspection, maintenance and repair of deep water oil and gas rigs like BP’s Deepwater Horizon. The Company has designed ... more
ABB, the leading power and automation technology group, has won a contract worth $155 million from the Kuwait Oil Company (KOC) for a turnkey project to design and build a new crude-oil transit line and associated ancillary systems.
The project includes the expansion of an existing manifold (a pipeline consolidation installation) at Point A, a location in the north ... more
PIRAEUS, Greece, June 8 /PRNewswire-FirstCall/ -- Aegean Marine Petroleum Network Inc. (NYSE:ANW) today announced that it has taken delivery of the Nisyros, a 6,270 dwt double-hull bunkering tanker newbuild from Qingdao Hyundai Shipyard in China. The vessel ... more
PetroChina recently awarded Baker Hughes (NYSE: BHI) a contract to supply 77 multistage openhole fracture completion systems for horizontal wells in the tight gas sands of the Changquing Field, China’s second largest onshore oil and gas field. Baker Hughes was awarded the one-year contract based on successful deployment of its more
As part of its commitment to restore the environment and habitats in the Gulf Coast region, BP today announced that it will donate the net revenue from oil recovered from the MC252 spill to create a new wildlife fund to create, restore, improve and protect wildlife habitat along the coastline of Louisiana, Mississippi, Alabama, and Florida. The creation of this fund is over ... more
Tullow Oil plc (Tullow) announces that the Mahogany-5 appraisal well has continued the successful appraisal of the area immediately to the southeast of the Jubilee Field offshore Ghana.
The results of drilling, wireline logs and reservoir fluid samples show that the well penetrated a total net oil pay of 23 metres in sandstone reservoirs over a gross interval of 51 ... more
June 8,2010 -- Aecon Group Inc. announced it has partnered with Peter Kiewit Sons Co. for a $1.7 billion design-build contract awarded by Ontario Power Generation for the construction of the Lower Mattagami hydropower complex in Ontario. ....
Maersk Oil has finalised the appraisal well Chissonga-2 which was drilled down dip of the Chissonga-1 discovery well in Block 16 in 1,355 meters water depth. The well was drilled to a total depth of 6,052 metres. One production test was conducted in turbidites of Oligocene age, flowing 6,650 barrels of 36 degrees API oil per day on a 36/64 inch choke.
“We are encouraged ... more
RBG, the leading provider of fabric maintenance and construction support to the global energy industry, has secured a contract worth more than £500,000 for the manufacture of two risers for Apache North Sea Ltd.
The two 130 metre long risers, constructed at RBG’s Invergordon, UK facility, will be used to replace existing risers on Forties Bravo and Forties ... more
Brownstone Ventures Inc. (TSX VENTURE:BWN) ("Brownstone") is pleased to announce that the Company, along with its partners, including Quetzal Energy ... more
Aztec Oil & Gas, Inc. (PinkSheets:AZGS) announced it has just finished three successful consecutive wells on the Blue Ridge Salt Dome, located in Ft. Bend County, Texas on the edge of the Houston, Texas city limits. The Blue Ridge Salt Dome has had successful wells drilled as early as the mid 1920's and has been a prolific producer ever since. "This is a great example of ... more
Petroleum Development Corporation ("PDC" or the "Company") (Nasdaq:PETD) announced that it has entered a purchase agreement to increase its acreage position in the Wattenberg Niobrara to 70,000 net acres, 92% of which are held by production. Based on an extensive technical evaluation of its Wattenberg Niobrara position, and recently released data from other operators in the area, ... more
The turnaround at Shell Canada's Muskeg River Mine and Scotford Upgrader has come to a successful close with both operations now officially back online.
CALGARY, June 7 /CNW/ - "This was a huge undertaking for Shell and we are proud of what the teams at our heavy oil sites accomplished," said Shell Executive Vice President Heavy Oil, John Abbott.
A turnaround ... more
Energy Solutions International, Inc. (ESI), a leading supplier of software solutions to worldwide oil and gas pipeline companies, today announced it has merged with Houston-based Entessa Inc., a leading provider of logistics management software for the oil and gas supply chain. Details of the transaction were not disclosed.
“We look forward to global exposure for ... more
What is the best way to clean up an oil spill?
The best solution is to act fast and immediately work on cleaning up the spill. Although every spill is different, a fast and proven method, similar to the method used in the Saudi Oil crisis of 1993, is to use large oil tankers equipped with massive vacuums to suck the sea water and oil in strategic oil spill zones.
Used ... more
Completes sea trials of world's first-ever transportable 4C OBC crew
HOUSTON, June 7 /PRNewswire-FirstCall/ -- Geokinetics Inc. (NYSE Amex: GOK) today announced that since the beginning of April, 2010, it has been awarded approximately $80 million in several new projects in South America, Central and West Africa and the United States. The company is also announcing ... more
Cumulative Production from the Company's Behr 11-34H Well in Sanish Field Surpasses 575,000 BOE
DENVER, June 7 /PRNewswire-FirstCall/ -- Whiting Petroleum Corporation (NYSE:WLL) today announced that it recently completed six prolific Bakken ... more
Stephen Schachman, D. Grant Seabolt, Jr., and Z. Hunter Hill Join Advisory Board
MIDLAND, Texas, June 7 /PRNewswire/ -- STW Resources Holding Corp. ("STW Resources"), a water reclamation company, which expects to be publicly traded soon, said it has formed a corporate Advisory Board to assist the company's activities in Pennsylvania's Marcellus Shale and developments ... more
CALGARY, Alberta, June 7, 2010 /PRNewswire-FirstCall/ -- Equal Energy ("Equal", "we", "our") has signed a letter of intent to sell its non-core, non-operated deep sour gas interests in west central Alberta for estimated proceeds of $25 million. This divestiture includes the Ricinus well which has been mostly shut-in since July, 2009 due to low gas prices. First quarter 2010 production ... more
EDF President Says Senate Should Address Issue in Kerry-Lieberman Energy Bill
WASHINGTON, June 7 /PRNewswire-USNewswire/ -- "This morning's announcement that BP has insufficient water- and oil-handling capacity at the disaster site is yet another example of the company's repeated failure to plan for contingencies," according to a statement today by Environmental ... more
Order Follows 16-Hour Gas Well Leak in Clearfield County; Comprehensive Investigation Gets Underway
HARRISBURG, Pa., June 7 /PRNewswire-USNewswire/ -- The Department of Environmental Protection today ordered EOG Resources Inc. to suspend its natural gas well drilling activities in Pennsylvania after a June 3 blowout at one of the company's Clearfield County wells ... more
HOUSTON, June 7 /PRNewswire/ -- Henkels & McCoy awarded AUT Specialists LLC Company (www.autspecialists.com) the NDE Service Contract for Spread 1 (51.5 miles) and Spread 2 (26.4 miles) of Energy Transfer's 180 mile Tiger Pipeline Project. Construction started in June 2010 and is expected to be in service in the first half of 2011. The pipeline will connect to ETP's dual ... more
New joint venture, the first underground coal gasification (UCG) project in North America, will bring price stability, reliable power and alternative to natural gas
HOUSTON, June 7 /PRNewswire/ -- Laurus Energy, a privately-held company developing underground coal gasification projects in North America, today announced it has closed on an agreement with Alaska ... more
Management to present today at Bank of America Merrill Lynch Smid Cap Conference
THE WOODLANDS, Texas, June 8 /PRNewswire-FirstCall/ -- As previously announced, Newpark Resources, Inc. (NYSE:NR) will be presenting at the Bank of America Merrill ... more
HONG KONG, June 8 /PRNewswire-Asia/ -- CNOOC Limited ("the Company" or "CNOOC Ltd," NYSE: CEO; SEHK: 883) announced today that its BZ25-1/BZ25-1South oilfields, which suspended production due to facility damage caused by strong winds in November 2009, are back into production.
(Logo: more
CALGARY, June 7 /PRNewswire-FirstCall/ -- Gran Tierra Energy Inc. (NYSE Amex: GTE, TSX: GTE), a company focused on oil exploration and production in South America, today announced initial drilling results from Moqueta-1. Oil and gas shows were recorded through the Villeta T Sandstone and the Caballos Formation with electric logs indicating a total potential hydrocarbon net pay ... more
The Government of the Yamal-Nenets autonomous district and OJSC TNK-BP Management (managing company of TNK-BP) signed an agreement of cooperation until 2012. The agreement was signed by Dmitry Kobylkin, Governor of the Yamal-Nenets autonomous district, and German Khan, Executive Director of TNK-BP.
The agreement implies cooperation of the parties in the following ... more
Operational Update
The following is a review of recent events at ROC assets that includes: strong production performance at the Zhao Dong oil fields; production interruptions at the Basker-Manta-Gummy ("BMG") project; and the planned shutdown at the Blane oil field. ROC's production guidance for 2010 remains unchanged at 8,000-9,000 BOEPD.
Zhao Dong Oil Field, Offshore ... more
Safety Cases can be large complicated documents which have masses of detail, some of which may be irrelevant. Normally included in the Safety Case are such things as Quantitative Risk Assessments (QRA), which mainly only risk practitioners understand and are of little value to your average rig worker.
IADC has done a lot of good work developing guidelines ... more
Leading maritime law firm supports international ocean sustainability alliance
Blank Rome LLP, an international maritime law firm, has joined the World Ocean Council, the international, cross-sectoral industry leadership alliance on ocean stewardship.
June 7,2010 -- Synex International Inc. has announced the commencement of construction of the access roads for the Barr Creek Hydro Project. ....
June 7,2010 -- Fluid flow and environmental consulting company Alden Research Laboratory Inc. is planning a workshop designed to help hydro developers and municipalities deal with environmental and licensing challenges associated with developing conventional .......
Leading maritime law firm supports international ocean sustainability alliance
Blank Rome LLP, an international maritime law firm, has joined the World Ocean Council, the international, cross-sectoral industry leadership alliance on ocean stewardship.
In becoming a Founding Member of the World Ocean Council (WOC), Blank Rome has made a five-year commitment to ... more
Monday, Jun 07, 2010
BP today provided an update on developments in the response to the MC252 oil well incident in the Gulf of Mexico.
BP today provided an update on developments in the response to the MC252 oil well incident in the Gulf of Mexico.
Subsea Source Control and Containment
The lower marine riser package (LMRP) containment cap, installed on June 3, continues to collect oil and gas flowing from the well and transport them to the Discoverer Enterprise drillship on ... more
Det norske oljeselskap ASA, operator of production licence 408, has completed the drilling of wildcat well 15/9-24. The well, which was dry, was drilled southwest of the Sleipner Øst field in the central part of the North Sea.
Monday, Jun 07, 2010
On June 5 in Sharjah (United Arab Emirates) a ceremony took place to mark the commencement of work on a prospective area development project to be jointly implemented by Rosneft and Crescent Petroleum Company International Limited (UAE).
Monday, Jun 07, 2010
Odfjell Well Services (OWS) has been awarded a three year Tubular Running Services contract by BP Norge for the Norwegian sector.
Odfjell Well Services (OWS) has been awarded a three year Tubular Running Services contract by BP Norge for the Norwegian sector.
The contract award covers Valhall and Skarv for the next three years with an option to extend a further 2 x 1 years.
“Odfjell Well Services are very pleased to have been awarded this contract ... more
On June 5 in Sharjah (United Arab Emirates) a ceremony took place to mark the commencement of work on a prospective area development project to be jointly implemented by Rosneft and Crescent Petroleum Company International Limited (UAE).
In the Sharjah Chamber of Commerce & Industry, where the official announcement about Rosneft’s rights to a participating interest ... more
Det norske oljeselskap ASA, operator of production licence 408, has completed the drilling of wildcat well 15/9-24. The well, which was dry, was drilled southwest of the Sleipner Øst field in the central part of the North Sea.
The well will now be permanently plugged and abandoned. The licence was awarded in APA 2006.
Well 15/9-24 was drilled by semi ... more
Petrobras announces the discovery of a new accumulation of light oil (29o API) in the pre-salt layer in the Campos Basin, in water depths of 648 meters in the Marlim field Production Concession. The discovery was the result of the drilling of the exploratory prospect known as Brava, performed by means of well 6-MRL-199D-RJS, located 170 km away from the city of Macaé ... more
BATON ROUGE, La.--(BUSINESS WIRE)--The Shaw Group Inc. (NYSE: SHAW) today announced it has been awarded a contract by the state of Louisiana’s Office of Coastal Protection and Restoration for overall project management and construction of sand berms in response to the Deepwater Horizon oil spill.
“With ... more
Alba Power is an independent, Scottish-based gas turbine specialist which offers the international gas turbine market a comprehensive range of dedicated support services.
These include turbine repair and overhaul, maintenance and support, the supply of spare components and the supply or exchange of complete turbines, in particular Rolls-Royce Avon and Olympus. www.albapower.co.uk
NEW YORK--(BUSINESS WIRE)--The Rosen Law Firm, P.A. announces that it is investigating potential securities fraud claims against China North East Petroleum (AMEX: NEP) (“China North” or the “Company”) resulting from allegations that the Company may have issued materially inaccurate financial statements to the ... more
ATLANTA--(BUSINESS WIRE)--The U.S. Small Business Administration announced that it will open an additional Business Recovery Center in Hancock County, Monday, June 7 to help small businesses and most private non-profit organizations of all sizes affected by the Deepwater BP Oil Spill that began on April 20, 2010.
“Due ... more
ST. MARYS, W.Va., June 4 /PRNewswire-FirstCall/ -- Trans Energy, Inc. (OTC Bulletin Board: TENG) announced today that it turned into a sales line it's Whipkey #2H horizontal Marcellus well in Marshall County, West Virginia on Friday, May 21st.
The Whipkey #2H with a horizontal lateral of almost 4,000 feet was completed with a 16 stage frac. The Company believes ... more
CALGARY, ALBERTA--(Marketwire - June 4, 2010) - Galleon Energy Inc. (TSX:GO) ("Galleon" or the "Corporation") is pleased to provide an update on its previously announced strategic alternatives process including the disposition of a property.
As part of Galleon's strategic alternatives process initiated on March 11, 2010, Galleon has entered into a purchase and sale ... more
CALGARY, ALBERTA--(Marketwire - June 4, 2010) - ENQUEST ENERGY SERVICES CORP. ("EnQuest" or the "Corporation") (TSX VENTURE:ENQ) is pleased to announce that four of its principal operating subsidiaries, Speedy Heavy Hauling, Inc., Summit Crane, Tubular Transportation, and Northern Truck & Crane, Inc., have entered into a sale agreement with the qualified Buyer (the "Asset ... more
VIVIAN, La., June 4, 2010 (GLOBE NEWSWIRE) -- Avro Energy, Inc.
(OTCBB:AVOE) announces that it has acquired the Dixon No. 2 Well near
Kiblah, Arkansas. The Company has acquired a 100% working interest subject
to an 18% overriding royalty by the landowner.
The Company feels that this well was previously perforated at the wrong
interval when ... more
CALGARY, June 4 /CNW/ -- CALGARY, June 4 /CNW/ - After more than 11 months seeking a suitable buyer for the Montreal East Refinery, Shell Canada Products (Shell) today announced that this process has been unsuccessful and that it will now proceed with converting the refinery to a terminal.
The decision comes after considerable effort to market the refinery, including ... more
CALGARY, June 4 /CNW/ -- CALGARY, June 4 /CNW/ - Emerald Bay Energy Inc.
(TSX Venture: EBY) (the "Company") is pleased to report on recent crude oil-focused developments at three counties in South Texas.
South Texas Oil
Medina County Texas: CAPEX funding for the optimization and drilling has been secured for the Medina County property recently acquired ... more
ALGARY, June 4 /CNW/ -- CALGARY, June 4 /CNW/ - Winstar Resources Ltd.
("Winstar" or "the Company") (TSX: WIX) is pleased to provide an update on the results of the testing operations at its 100% owned and operated Chouech Essaida No.11 well (CS No.11) in southern Tunisia.
<< - CS No.11 was spud at the end of March 2010 and reached the planned total depth ... more
CALGARY, ALBERTA--(Marketwire - June 6, 2010) - Groundstar Resources Limited (TSX VENTURE:GSA) has conducted an extensive technical review of the seismic data over the West Kom Ombo block with its farm-in partner, Aegean Energy. The two parties agreed that since a large part of the block has not been explored with seismic data, additional exploration activities will be required ... more
HOLLYWOOD, Fla., June 4 /PRNewswire-FirstCall/ -- Golden Age Resources, Inc., (Pink Sheets: GDAR) and its strategic alliance partner, Cobra Technologies, announced today the hiring of Geometrix Engineering, Inc. of Hollywood, FL to finalize the development of Cobra. This is a high pressure, oil containment system that is designed to stop deep water oil leaks like the one that ... more
TULSA, Okla., June 4 /PRNewswire-FirstCall/ -- Matrix Service Co. (NASDAQ: MTRX) today announced that its wholly owned subsidiary, Matrix Service, Inc., has been awarded a contract in excess of $40 million with Gavilon Pipeline and Storage, LLC, a wholly ... more
OMAHA, Neb.--(BUSINESS WIRE)--Gavilon Pipeline and Storage, LLC, a wholly owned subsidiary of The Gavilon Group, LLC, today announced plans to construct aboveground storage tanks with more than four million barrels of crude oil storage capacity in Cushing, Oklahoma. Matrix Service, Inc., a wholly owned subsidiary of Matrix Service Co. ... more
HOUSTON--(BUSINESS WIRE)--ATP Oil & Gas Corporation (NASDAQ:ATPG) today announced that the Mississippi Canyon (MC) 941 #3 well at its Telemark location can be completed and the current drilling operation at MC 305 #2 in the Canyon Express area will need to be temporarily suspended. Both announcements are in compliance with the May ... more
DENVER--(BUSINESS WIRE)--Samson Oil & Gas Limited (ASX:SSN) (NYSE AMEX:SSN) advises that the Gary #1-24H well has been drilled to a measured depth of 11,645 feet and the 7 inch intermediate casing string has been run and cemented.
The well track has been drilled as designed and at this depth the well is horizontal and has ... more
Prices are poised to stagnate well below historic highs
A stunning new emblem of homegrown industrial might is transforming the Calgary skyline
Could it solve an alternative power bottleneck in southern Alberta?
Renewable energy relies on strong government support
One is a success story; the other struggles with chronic energy shortages
The Communications, Energy and Paperworkers Union of Canada continues to fret over lost, value-added jobs
Imperial and ExxonMobil predict their fleet will operate in seas up to 2,590 meters deep
The technology could ultimately be applied to oil sands work camps
When it comes to water management, oil sands firms are turning to the pros
A new take on development favors staged development
Frog Lake Energy Resources Corporation runs a 1,300 barrels daily operation east of Edmonton
COVER PACKAGE: The 100
Course Correction
Canada’s energy sector reloads for growth after an unprecedented contraction
by Gordon Jaremko
The Top 100
Canada’s 100 largest public oil and gas producers by gross revenue
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Global Presence
Top Canadian Subsidiaries of International Producers
by Gordon Jaremko
FEATURES
Bow Down
Encana’s Bow building takes its cues from iconic towers in New York and Chicago
by Graham Chandler
A Tale [...]
Wärtsilä converts Ecuadorian crude oil power plant to associated gas operation and co-develops carbon finance project with customer
03-06-2010
Aker Solutions ASA (NO) - Aker Solutions wins two drilling equipment contracts
31-05-2010
Drilling update on Masama block at Talon’s Saber Gas Project in Botswana
28-05-2010
Redback 2 Gas Exploration Well, Northern Perth Basin, Western Australia
27-05-2010
Tethys Petroleum Limited Gas Production [...]
Anadarko Petroleum Corporation (NYSE:APC) today reaffirmed its full-year 2010 sales-volumes guidance range and projected capital spending. The company also announced interim results of a successful deepwater Gulf of Mexico appraisal well that was suspended in accordance with the recently extended moratorium on Gulf of Mexico drilling activity, as well as actions taken to manage its [...]
Are you looking for all the latest Masama Project and Contract Awards?
Projects OGP is Published monthly focus’s on recently awarded projects contracts and awards in the global Oil, Gas and Petrochemical upstream and downstream sectors.
Subscribers to Projects OGP will benefit from receiving the latest industry news, all of which relates to recently awarded projects and contracts [...]
Rights of pre-emption associated with the North Sea natural gas and infrastructure assets which SSE (Scottish and Southern Energy plc) agreed on 1 April 2010 to acquire from Hess Limited have now been exercised or expired.
Are you looking for a manufacturer or distributor to supply Distribution Systems in Israel. MCI are a leading supplier of Distribution Systems in Israel and through out Middle East.
MCI offer a range of custom built equipment suitable for Hazardous Areas, Junction Boxes, Starters, Control Panels, Motor Control Centre’s, Distribution Boards are among the items built. Standard products [...]
Petsec Energy announced today that it was awarded the final two leases of the eight leases on which it was the high bidder at the Central Gulf of Mexico Lease Sale 213 held in New Orleans, Louisiana, on 17 March 2010.
Petsec Energy and its partner, Phoenix Exploration Company LP, submitted joint bids of US$168,840 and [...]
Are you looking for a supplier of Management System Software to help manage your project in Egypt? Matrix Management Systems are specialists in providing Management System Software to manage oil and gas projects and operations in Egypt.
The MAT-Sys™ Matrix Management System is the only product of its kind on the market. It’s based on the [...]
Maersk Oil today announced that it has acquired a 20% interest in the PL435 licence from Wintershall. The licence is located between the producing Heidrun field and the Victoria discovery near the Åsgard Field Complex and contains one firm exploration well expected to spud in June 2010. If successful, a second exploration well is planned [...]
Sudatraf
Sudatraf is geared up to deliver our commitment and to develop the partnership relation with our customers on a win-win base.
Our local presence in most of the world countries is part of our comprehensive understanding to our customers needs and part of our complete service concept:
One supplier to source a comprehensive range of products allows [...]
BP today announced that is has established a $360 million escrow account to fund immediately the construction of six sections of Louisiana barrier islands approved by the U.S. government.
Chapman Freeborn provides private jet charter and air charter services for corporate executives, VIP, business, and incentive travel. Aircraft charter types include Gulfsteam private jets, Learjets, Cessna private jets, and Bombardier private jet charters for VIP and executive travel, helicopters, and large Boeing and Airbus aircraft for group travel and crew rotations.
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BP today announced that is has established a $360 million escrow account to fund immediately the construction of six sections of Louisiana barrier islands approved by the U.S. government.
BP has been directed to pay for the construction by the federal government. Since the environmental implications of the projects are not fully understood, BP assumes no liability ... more
Maersk Oil today announced that it has acquired a 20% interest in the PL435 licence from Wintershall. The licence is located between the producing Heidrun field and the Victoria discovery near the Åsgard Field Complex and contains one firm exploration well expected to spud in June 2010. If successful, a second exploration well is planned for 2011. Our partners are RWE (40% ... more
Petsec Energy announced today that it was awarded the final two leases of the eight leases on which it was the high bidder at the Central Gulf of Mexico Lease Sale 213 held in New Orleans, Louisiana, on 17 March 2010.
Petsec Energy and its partner, Phoenix Exploration Company LP, submitted joint bids of US$168,840 and US$562,500 ... more
Carnarvon Petroleum Limited (ASX:CVN) provides the following update on the current situation in Thailand.
On 20 May 2010 Carnarvon advised ASX that Pan Orient, the Operator of the L44 permit in Thailand, had received a request from PTT, the Thailand national oil company, to curtail crude oil deliveries to the PTT ... more
AWE Limited reports that as at 06:00 Yemen time (-7 hrs AEST) on 2 June, the Jebel Al Milh-1 well was at a depth of 1,928 metres and preparing to run 13 3/8" casing. Progress for the week was 602 metres.
Jebel Al Milh-1 is located 16 kilometres north-northeast of the Al Meashar-1 well, which recently discovered oil in the basement. ... more
Rights of pre-emption associated with the North Sea natural gas and infrastructure assets which SSE (Scottish and Southern Energy plc) agreed on 1 April 2010 to acquire from Hess Limited have now been exercised or expired.
Following this, almost 80% of the resources from the original package of around 383billion cubic feet (bcf) are available for SSE to acquire ... more
LINN Energy, LLC (Nasdaq:LINE) announced today results from its first operated horizontal Granite Wash well in the Texas Panhandle. The Company owns a 57 percent working interest in the McMahan 22-2H, which tested at a 24-hour production rate of 10.8 MMcf/d of natural gas and 634 Bbls/d of condensate. The natural gas production has a heating value of 1,300 ... more
ALEXANDRIA, Va., June 3 /PRNewswire-USNewswire/ -- More than 100 people have called Gulf region poison centers since the Deepwater Horizon oil platform caught fire in the Gulf of Mexico April 20, either to receive information or to report side effects from the resulting oil spill.
Dr. Mark Ryan, managing director of the Louisiana Poison Center, said he expects to ... more
LAKE TAHOE, NV, June 3 /PRNewswire-FirstCall/ -- AmeriLithium Corp. (OTC Bulletin Board: AMEL; "AmeriLithium" or "the Company") announce that Lithium could provide a safe and viable alternative to America's current dependence on fossil fuels.
On April 20, 2010, an explosion started a fire aboard the Transocean Deep Water Horizon Drilling Rig approximately 41 miles ... more
TEL AVIV, Israel, June 3, 2010/PRNewswire-FirstCall/ -- Delek Group (TASE: DLEKG, OTCQX; DGRLY hereinafter "the Company") reported that its subsidiaries Delek Energy Ltd., Delek Drilling L.P. and Avner Oil & Gas Exploration L.P. published the following immediate report;
Following the meeting of the partners of the various projects (according to the subject) ... more
TEL AVIV, Israel, June 3, 2010/PRNewswire-FirstCall/ -- Delek Group (TASE: DLEKG, OTCQX; DGRLY hereinafter "the Company") reported that its subsidiaries Delek Energy Ltd., Delek Drilling L.P. and Avner Oil & Gas Exploration L.P. published the following immediate report;
Following the meeting of the partners of the various projects (according to the subject) ... more
HOUSTON--(BUSINESS WIRE)--Anadarko Petroleum Corporation (NYSE:APC) today reaffirmed its full-year 2010 sales-volumes guidance range and projected capital spending. The company also announced interim results of a successful deepwater Gulf of Mexico appraisal well that was suspended in accordance with the recently extended moratorium ... more
CALGARY, Alberta--(BUSINESS WIRE)--Vermilion Energy Trust (VET.UN – TSX) is pleased to announce 100% success in its Cardium light oil and liquids-rich natural gas drilling programs in Alberta. The significant scope of these resource plays will provide Vermilion with a rich source of organic production growth for the foreseeable ... more
CARRBORO, N.C.--(BUSINESS WIRE)--A North Carolina company that specializes in industrial oil skimmers has created a small, portable oil skimmer system specifically designed to clean up the BP oil spill on the shoreline in the Gulf of Mexico.
“We can and will put together training videos and can conduct on ... more
Kinder Morgan Canada questions viability of rival route to Asian markets
BP today announced that it supports the U.S. government’s decision to proceed with the construction of six sections of the Louisiana barrier islands proposal. The company will fund the estimated $360 million it will cost to construct the six sections.
BP today announced that it supports the U.S. government's decision to proceed with the construction of six sections of the Louisiana barrier islands proposal. The company will fund the estimated $360 million it will cost to construct the six sections.
BP will not manage or contract directly for the construction of the island sections, nor will the company assume ... more
The Operator, AWE Limited, advises that at 0600 hours today, the Tui SW-2 well was preparing to run the BOP’s (Blow Out Preventers). This has been delayed because necessary repairs were held up by bad weather over the last week. After the BOP’s are operational, the forward plan is to drill ahead in 8-1/2” hole from 1,573 metres to the planned ... more
Petrobras, the operator of the consortium in charge of developing Block BM-S-11, announced, on 06/01/2010, the signing of the Letter of Intent with SBM Offshore N.V. (SBM) and Queiroz Galvão Óleo e Gás S.A. (QGOG) for the construction of the FPSO that will operate in the second pilot project in the Tupi area, in the pre-salt layer of the ... more
BPZ Resources, Inc. (NYSE:BPZ) today released the Company's proved (P1), probable (P2) and possible (P3) crude oil reserves as of December 31, 2009, as estimated by its independent reserve auditors Netherland Sewell & Associates, Inc. (NSAI). The reserves estimates were prepared in accordance with the new disclosure rules of the Securities and Exchange Commission (SEC) ... more
Redback 2
Progress and Status:
Origin Energy, on behalf of the L11 Joint Venture, advises that the Weatherford drilling rig 826 is currently drilling the Redback 2 exploration well. This well is being drilled from the same surface location as Redback 1, drilled in 2004.
The target Wagina reservoir was intersected at a ... more
TORONTO, May 17 /CNW/ -- TORONTO, May 17 /CNW/ - Alange Energy Corp (TSXV:
ALE) ("Alange Energy" or the "Company") announced today that it had confirmed the second successive discovery in the Copa-1 well that was drilled to explore the prospectivity of the Carbonera C5, C7 and C3 formations in Polygon C of the Cubiro Block. In the most recent discovery, the Company found ... more
CALGARY, ALBERTA--(Marketwire - June 2, 2010) - Orleans Energy Ltd. ("Orleans" or the "Company") (TSX:OEX) is pleased to provide an operational update highlighting a strong Kaybob Montney completion test and the benefits to be reaped through the recently announced Alberta Crown royalty incentives modifications.
Kaybob Operations
On May 30, 2010, the Company ... more
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 2, 2010) - Nextraction Energy Corporation (TSX VENTURE:NE) (the "Company") and its wholly-owned subsidiary, Nextraction Energy (US) Inc. ("Nextraction"), are pleased to announce the successful completion of the Mountain Minerals #5 well located in its Appalachian Basin project. The well is now in production and sales have commenced ... more
CORPUS CHRISTI, Texas, June 2, 2010 (GLOBE NEWSWIRE) -- Strategic American Oil Corporation (OTCBB:SGCA) (the "Company") is pleased to announce it has completed leasing the DST prospect in the Illinois Basin. The project covers approximately 1,000 acres and according to the Illinois State Geological Survey (ISGS) is on trend with and offsets fields that have produced from 764,600 ... more
VIVIAN, La., June 2, 2010 (GLOBE NEWSWIRE) -- Avro Energy, Inc.
(OTCBB:AVOE). The Company is pleased to announce that it has completed final
payment and closed on its acquisition of the Eleven Deep Producing Oil Wells
in South Arkansas, as first mentioned in the Company's news release dated
October 24, 2009. Under the terms of the agreement for ... more
LONDON, June 2, 2010 (GLOBE NEWSWIRE) -- Alamo Energy Corp.
(OTCBB:ALME), an independent company focused on the exploration, development
and production of onshore oil and gas reserves in the UK and U.S., is
pleased to provide an operational update for May, which includes entering
into a re-entry program on 115 acres, the acquisition of additional ... more
CALGARY, June 2 /CNW/ - Torquay Oil Corp. (TSX-V: TOC.A & TOC.B) ("Torquay" or "the Company") is pleased to announce that it has signed a Purchase and Sale Agreement to acquire approximately 125 bbls/d of oil production in its core area of southeast Saskatchewan along with 100% owned facilities and prospective lands (the "Acquisition"). Current production comes from the Bakken ... more
MONTREAL, June 2 /CNW/ -- MONTREAL, June 2 /CNW Telbec/ - Gale Force Petroleum Inc. (TSX Venture: GFP, the "Corporation") today announced that it has signed two letters of intent to purchase interests in two oil properties in Texas.
The first contemplated purchase is of mainly 100% working interests in oil properties in Gregg and Rusk Counties, in Texas (the "Kilgore ... more
TORONTO, June 2 /CNW/ -- TORONTO, June 2 /CNW/ - Alange Energy Corp (TSXV:
ALE) ("Alange Energy" or the "Company") announced today its share of gross production (before deduction of royalties) has now stabilized above the level of 3,000 barrels oil equivalent per day ("boe/d"). The Company recently reported that it exited the first quarter of 2010 at a production rate ... more
LITTLETON, Colo., June 2 /PRNewswire-FirstCall/ -- Eternal Energy Corp. (OTC Bulletin Board: EERG; "Eternal", or the "Company") announced that it has fully collected the proceeds from the sale of its 50% gross overriding royalty interest in certain lands located in southeastern Saskatchewan to Ryland Oil Corporation (TSX Venture Exchange: RYD.v; "Ryland"). The sale was previously ... more
ZUG, Switzerland--(BUSINESS WIRE)--Foster Wheeler AG (Nasdaq: FWLT) announced today that its Global Engineering and Construction Group has been awarded a feasibility study and front-end engineering design (FEED) contract by the Iraqi Ministry of Oil for a new grassroots refinery at Nassiriya in southern Iraq. The proposed refinery will ... more
Scania 6x6 dump truck with Allison 4000 Series transmission just keeps going, serving oil sites in a severe climate in off-road driving conditions, avoiding costly repairs
MOSCOW--(BUSINESS WIRE)--More and more Russian companies in mining, construction and oil and ... more
June 2,2010 -- Florida-based Hydro Alternative Energy Inc. announced it has entered into a binding three year letter of intent with Haiti's Groupe Financier de l'Union, S.A. for developing commercial hydrokinetic power projects in Haiti. ....
Light vehicles are a good way to see the effectiveness of energy pricing policies. The following chart shows the emissions put out by European drivers, who pay high costs of fuel and face heavy environmental regulation, versus the US, where drivers have faced neither.
Source: World Energy Council
Vestas has received information from BlackRock Investment Management(UK) Limited, 33 King William Street, London EC4R 9AS, UK that BlackRock, Inc. as per 28 May 2010
Siemens’ implementation experience and eMeter platform provide new options to Wabash Valley and its 28 distribution cooperatives
An alliance of industry, academic and government organizations, formed to commercialize technologies that will utilize concentrated solar energy to convert waste CO2 into diesel fuel, was announced today.
OPEL International Inc. (TSX VENTURE:OPL) and OPEL Solar, Inc. - Despite an uneven economic recovery and the lingering effects of the global recession on virtually every industry around the world, Leon (Lee) M. Pierhal, Chief Executive Officer of OPEL Solar, Inc., a leading global supplier of high concentration photovoltaic (”HCPV”) solar panels and other solar [...]
The Victoria-Suntech Advanced Solar Facility (VSASF) was officially launched today in Melbourne, with the Victorian Minister for Environment and Climate Change, and Innovation, Gavin Jennings MLC, on hand to commemorate the event. The facility, a collaborative venture between Swinburne University of Technology and Suntech Power Holdings Co., Ltd (NYSE:STP) , one of the world’s leading [...]
Ormat Technologies, Inc. (NYSE:ORA) today announced that due to the May 28 volcanic eruption of Volcano De Pacaya in Guatemala its 20MW Amatitlan power plant was temporarily shut down in order to safeguard equipment. We are pleased to report there were no injuries to plant’s staff. Preliminary inspection shows no substantial equipment damage; however, the [...]
The Renewables Energy Group of Raser Technologies, Inc. (NYSE: RZ), an energy and technology company, announced today that it recently began drilling on its Lightning Dock project in New Mexico. The drilling is being performed by Barbour Well, Inc. of Henderson, Nevada under the direction of Raser’s Vice President of Resource Management, Ben Barker.
Research and Markets (http://www.researchandmarkets.com/research/872bf6/china_wind_energy) has announced the addition of the “China Wind Energy Sector An Analysis” report to their offering.
XcelPlus Global Holdings Inc. (Pink Sheets: XPGH) reports that it has been working through a plan for the past five months to diversify its industrial customer base and product lines, aiming to boost revenues and profitability. “We believe our work will come to fruition in the very near future, and it will contribute significantly to [...]
As a result of close collaboration, Solco and SolarEdge today announced a joint partnership agreement for the supply of a distributed power harvesting solution that will maximize power generation throughout a solar photovoltaic system’s lifecycle, while dramatically reducing complexities and costs.
Norwegian Energy Company ASA (Noreco, OSE:NOR) has entered into a farm in agreement with Elko Energy to become a 47% owner and operator for the 02/05 license in Denmark. Elko will retain 33% of the license, while Nordsøfonden owns the remaining 20%.
BP Norge AS (BP) has been granted expanded consent for use of the mobile facility Borgland Dolphin on the Skarv field.
Production of liquefied natural gas (LNG) has resumed at Melkøya near Hammerfest after a shutdown of just over two weeks.
Black Dragon Resource Companies, Inc.’s (”the Company”, “Dragon”) (Pink Sheets:BDGR) Chairman and CEO Mr. Scott D. Smith is pleased to announce today that the #3 well has begun pumping oil. It appears that 99% of all the water that was used in the drilling and acidizing has been pumped back out of the formation. The [...]
Halliburton (NYSE:HAL) announced today that it will provide an update on Gulf of Mexico operations during a conference call hosted by Credit Suisse on Wednesday, June 2, 2010, at 10:00 a.m. Central Time, 11:00 a.m. Eastern Time.
Songa Venus has during May undergone BOP (Blow Out Preventer) repairs whilst on location in Australia. Newly installed BOP components failed during operations 1st May and several unsuccessful attempts to rectify the problems have been carried out during the month. The failing BOP component is currently undergoing repairs in Singapore. It is anticipated that the [...]
A regular scheduled meeting of the Board of Directors of TNK-BP Ltd. took place on May 28, 2010. The agenda included a review of current performance indicators, an update on the status of major projects, and a discussion of the ten year plan.
RWE Dea Norge AS (RWE Dea) has received consent to conduct exploration drilling in the Norwegian Sea with the mobile drilling facility Bredford Dolphin.
Canadian Business Press acknowledges "strong visual and editorial statement"
The mobile living quarters facility COSLRival was granted an Acknowledgement of Compliance (AoC) by the Petroleum Safety Authority Norway.
The Petroleum Safety Authority Norway (PSA) has issued an order to Statoil following a serious lifting incident on Heidrun on 15 April this year.
Petrobras announces that, as operator of the consortium responsible for the development of block BM-S-11, has signed a Letter Of Intent (LOI) with SBM Offshore N.V. (SBM) and Queiroz Galvão Óleo e Gás S.A. (QGOG), for the construction of a FPSO that will operate the second pilot project in Tupi, in the pre-salt region of [...]
Orca Exploration and Gemini Oil & Gas Fund participate
Petroceltic retains operatorship and 55% interest
Tullow is pleased to have launched its 2009 Corporate Responsibility Report: Building Africa’s leading responsible independent oil company.
Cabo Drilling Corp. (”Cabo” or the “Company”) (TSX-V:CBE) today reported results for its fiscal year 2010 third quarter ended March 31, 2010.
As part of its long term strategy to secure substantial energy resources in New Zealand L&M Energy Limited (ASX/NZX: LME) is pleased to advise that it has lodged an application for a Prospecting Permit over a 2112 sq km area containing in excess of 2 billion tonnes of Waikato coal measures (see map). The application [...]
Shares in BP have fallen further, following the announcement of a criminal investigation into the Gulf of Mexico oil disaster in the US.
Shares fell 3% at the opening of trading in London, adding to the massive 13% fall seen on Tuesday.
Investors remain concerned over the impact that further litigation could have on the British oil giant's finances and reputation. ... more
The Norwegian Petroleum Safety Authority has published its statistics on the number of personal injuries on permanent and mobile installations with figures updated for 2009.
Links:
Seadrill Limited ("Seadrill") announces the acquisition of a further 9,071,948 shares in Scorpion Offshore Limited ("Scorpion") on Friday, May 28, 2010 taking its total holding to 45,010,851 shares, representing 50.11 percent of the issued shares in Scorpion. The acquisition of the additional shares was made through Pareto Securities ASA at a price of NOK40.50 per share.
As ... more
Amadeus Energy Limited (AMU) is pleased to announce that it has commenced drilling of the Paul Hermes Estate No. 1 exploration well (formerly the Spikes B well) on the Hallettsville Project in Texas.
The well is targeting gross reserves of 30 BCF of gas and 750,000 barrels of oil from objectives in the Midcox and Navarro sands. It ... more
Norwegian Energy Company ASA (Noreco, OSE:NOR) has entered into a farm in agreement with Elko Energy to become a 47% owner and operator for the 02/05 license in Denmark. Elko will retain 33% of the license, while Nordsøfonden owns the remaining 20%.
The 02/05 license is located on the Ringkøping Fyn High and the area covers several large ... more
BP Norge AS (BP) has been granted expanded consent for use of the mobile facility Borgland Dolphin on the Skarv field.
The original consent, given in November 2009, includes drilling of 11 production wells and an exploration well in the period from mid-December 2009 to late April 2011.
Read more: Consent ... more
Production of liquefied natural gas (LNG) has resumed at Melkøya near Hammerfest after a shutdown of just over two weeks.
Inspections have been carried out and large amounts of data have been collected ... more
Black Dragon Resource Companies, Inc.'s ("the Company", "Dragon") (Pink Sheets:BDGR) Chairman and CEO Mr. Scott D. Smith is pleased to announce today that the #3 well has begun pumping oil. It appears that 99% of all the water that was used in the drilling and acidizing has been pumped back out of the formation. The result is that the four chalk wells which were doing a half ... more
Halliburton (NYSE:HAL) announced today that it will provide an update on Gulf of Mexico operations during a conference call hosted by Credit Suisse on Wednesday, June 2, 2010, at 10:00 a.m. Central Time, 11:00 a.m. Eastern Time.
Interested parties may participate in the conference call by dialing (866) 327-2267 within North America ... more
Songa Venus has during May undergone BOP (Blow Out Preventer) repairs whilst on location in Australia. Newly installed BOP components failed during operations 1st May and several unsuccessful attempts to rectify the problems have been carried out during the month. The failing BOP component is currently undergoing repairs in Singapore. It is anticipated that ... more
A regular scheduled meeting of the Board of Directors of TNK-BP Ltd. took place on May 28, 2010. The agenda included a review of current performance indicators, an update on the status of major projects, and a discussion of the ten year plan.
- The Board noted that key operating ... more
RWE Dea Norge AS (RWE Dea) has received consent to conduct exploration drilling in the Norwegian Sea with the mobile drilling facility Bredford Dolphin.
The consent relates to the drilling of exploration well 6507/7-14 S in the Halten Terrace area in the Norwegian Sea. The well belongs to production licence 435.
The prospect to be examined is called Zidane 1.
The ... more
The mobile living quarters facility COSLRival was granted an Acknowledgement of Compliance (AoC) by the Petroleum Safety Authority Norway.
On 28 May 2010, the Petroleum Safety Authority Norway (PSA) issued an Acknowledgement of Compliance to COSL Drilling Europa AS (CDE) for their mobile living quarters facility COSLRival.
COSLRival will be operated by OSM Offshore ... more
The Petroleum Safety Authority Norway (PSA) has issued an order to Statoil following a serious lifting incident on Heidrun on 15 April this year.
On 15 April, the PSA was notified that, during a lifting operation, a section of drill pipe had come loose from the lifting gear, and that the end of the pipe fell approx. 10 metres down on to the drill floor. The pipe was ... more
Strategic American Oil Corporation (OTCBB:SGCA) (the "Company") is pleased to announce it has completed leasing the DST prospect in the Illinois Basin. The project covers approximately 1,000 acres and according to the Illinois State Geological Survey (ISGS) is on trend with and offsets fields that have produced from 764,600 to 3,570,500 barrels of oil from depths ... more
Petrobras announces that, as operator of the consortium responsible for the development of block BM-S-11, has signed a Letter Of Intent (LOI) with SBM Offshore N.V. (SBM) and Queiroz Galvão Óleo e Gás S.A. (QGOG), for the construction of a FPSO that will operate the second pilot project in Tupi, in the pre-salt region of the Santos Basin.
The ... more
Orca Exploration and Gemini Oil & Gas Fund participate
Petroceltic retains operatorship and 55% interest
Petroceltic International plc (PCI.L) ("Petroceltic" or "the Company"), the independent oil & gas exploration company focussed on the Middle East, ... more
Tullow is pleased to have launched its 2009 Corporate Responsibility Report: Building Africa's leading responsible independent oil company.
The full online version can be viewed from the new Reporting Centre: www.tullowoil.com/reports.
There ... more
Cabo Drilling Corp. ("Cabo" or the "Company") (TSX-V:CBE) today reported results for its fiscal year 2010 third quarter ended March 31, 2010.
The Company reports:
- Revenue for the 3rd quarter fiscal 2010 of $6.51 million, compared to $6.52 million in 3rd quarter fiscal 2009 and $7.98 million in the 2nd quarter fiscal 2010.
- 3rd quarter fiscal 2010 earnings ... more
As part of its long term strategy to secure substantial energy resources in New Zealand L&M Energy Limited (ASX/NZX: LME) is pleased to advise that it has lodged an application for a Prospecting Permit over a 2112 sq km area containing in excess of 2 billion tonnes of Waikato coal measures (see map). The application area is located north and south of the ... more
The drilling report and well location map for the week ending 2 June, 2010 are attached. Highlights of the week’s activities include:
Cooper/Eromanga Oil Development - Santos Operated
The Genoa-3 oil development well has been cased and suspended as a future oil producer. The Ensign 18 rig is ... more
Nighthawk, the US focused hydrocarbon development and production company (Tickers: AIM: HAWK and OTCQX: NHEGY), is pleased to announce an interim operational update in respect of the three well Q2 vertical drilling programme at the Jolly Ranch project, which was announced on 12 April 2010.
The Company holds a 50% interest in the 370,000 ... more
PATTERSON-UTI ENERGY, INC. (Nasdaq: PTEN) today reported that for the month of May 2010, the Company had an average of 155 drilling rigs operating, including 155 rigs in the United States and no rigs in Canada. For the two months ended May 2010, the Company had an average of 152 drilling rigs operating, including 151 rigs in the United States and 1 rig in Canada.
Average drilling ... more
Kulczyk Oil Ventures Inc. ("Kulczyk Oil", "KOV" or the "Company") (WARSAW:KOV) is pleased to provide an update on drilling operations at the Lukut-1 well. The well reached a depth of 2,230 metres and has encountered some possible hydrocarbon reservoirs.
AED Oil Limited, based in Melbourne, is an international exploration and development company listed on the Australian ... more
LAS VEGAS, June 1 /PRNewswire-FirstCall/ -- Consolidation Services, Inc. ("CNSV") (OTC:CNSV) (BULLETIN BOARD: CNSV) , an exploration and production company engaged in the acquisition, development and operation of domestic oil and gas ... more
WAYZATA, Minn., June 1 /PRNewswire-FirstCall/ -- Northern Oil and Gas, Inc. (NYSE/AMEX: NOG) ("Northern Oil") today announced that it has completed the assignment of its revolving credit facility to Macquarie Bank Limited ("Macquarie") from CIT Capital USA Inc. Northern Oil and Macquarie have entered into an amended credit agreement and related documents in connection with the ... more
Alba Power was founded in 1997 to offer a reliable, cost-effective alternative to traditional aero-derivative gas turbine support services (especially for Avon and Olympus turbines) conventionally delivered by OEMs. www.albapower.co.uk
CALGARY, ALBERTA--(Marketwire - June 1, 2010) - Eaglewood (TSX VENTURE:EWD) reports that as at 06:00 PNG time on June 1, the Korka 1 well was at a total depth of 3,340 metres and completing a logging programme over the Toro sandstone. A six-inch hole was drilled through the Toro sandstone to the target depth. Although elevated gas readings and oil shows were observed within the ... more
CALGARY, ALBERTA--(Marketwire - June 1, 2010) - Anderson Energy Ltd. ("Anderson Energy" or the "Company") (TSX:AXL) announces that the Board of Directors has approved an increase in its capital budget (before divestments) from $87 million to $111 million. The increased capital spending, plus some reallocation of gas capital spending, is being dedicated to drill an incremental 10 ... more
STUART, Fla., June 1, 2010 (GLOBE NEWSWIRE) -- Ecosphere Technologies, Inc.
(OTCBB:ESPH), a diversified water engineering and environmental services
company, is pleased to announce that world renowned environmentalist and
ocean explorer Jean-Michel Cousteau has endorsed the Company's patented
Ecosphere Ozonix technology to assist in the clean up ... more
OIL CITY, La., June 1, 2010 (GLOBE NEWSWIRE) -- Black Dragon Resource
Companies, Inc.'s ("the Company", "Dragon") (Pink Sheets:BDGR) Chairman and
CEO Mr. Scott D. Smith is pleased to announce today that the #3 well has
begun pumping oil. It appears that 99% of all the water that was used in the
drilling and acidizing has been pumped back out of ... more
CALGARY, June 1 /CNW/ -- CALGARY, June 1 /CNW/ - Energy Auctions Inc. is pleased to announce the launch of Canada's first exclusive Oil and Gas equipment live auction site - www.energyauctions.ca. The live auction site provides a virtual marketplace for buyers and sellers in the Oil and ... more
HOUSTON--(BUSINESS WIRE)--Cobalt International Energy, Inc. (“Cobalt”) (NYSE: CIE) today announced that it had invoked the force majeure provision under the drilling contract with Diamond Offshore Company for the Ocean Monarch drilling rig. This rig was moored and ready to begin drilling operations at the location of our ... more
NEW YORK--(BUSINESS WIRE)--Kohlberg Kravis Roberts & Co. (together with its affiliates, “KKR”) today announced the planned exit of its investment in East Resources, Inc. (together with its subsidiaries, “East”), an independent oil and gas exploration and development company, in connection with the signing ... more
HOUSTON--(BUSINESS WIRE)--Enterprise Products Partners L.P. (NYSE:EPD) and Duncan Energy Partners L.P. (NYSE:DEP) today announced that Acadian Gas LLC has entered into an additional long-term contract with a shipper to transport natural gas on Acadian’s Haynesville Extension pipeline now under construction that increases total ... more
REGINA, Saskatchewan--(BUSINESS WIRE)--Clean Power Concepts Inc. (“Clean Power”) OTC-BB: CPOW reported today that independent third party testing conducted by Intertek confirms that Clean Power’s MOPO brand of Diesel Fuel Conditioner provides superior lubrication for all diesel engines.
“We’re ... more
June 1,2010 -- Work is planned to begin this year to rebuild the Cavango small hydropower project in Angola, which was damaged during the Angolan Civil War, government officials told local media. ....
Lundin Petroleum AB (”Lundin Petroleum”) will drill a new exploration well 16/1-14 in PL338. The well will target the Apollo structure, which is situated immediately to the south of the Draupne field in PL001B, and some 5 kms northwest of and down-dip from the Luno field located in PL338.
1. FPSO for Brazil pre-salt area
SBM Offshore N.V. is pleased to announce that one of its Affiliates and Queiroz Galvão Óleo e Gás S.A. (QGOG), have received a Letter Of Intent (LOI) from PETROBRAS NETHERLANDS B.V. (PNBV) and PETROLEO BRASILEIRO S.A. - PETROBRAS as Operator of the Consortium BM-S-11, established by companies PETROBRAS (65%), BG [...]
Pearl Energy (East Muriah) Ltd (“Pearl”), as Operator of the East Muriah PSC in the East Java Basin has advised that the East Lengo-1 exploration well started drilling on May 28, 2010. AWE Limited (“AWE”) has elected not to participate in the East Lengo-1 exploration well and Pearl will drill this well as a “sole [...]
BP today provided an update on developments in the response to the MC252 oil well incident in the Gulf of Mexico. This follows an announcement on May 29 to move to the next step in the subsea operations.
Zargon Energy Trust (”Zargon”) (TSX:ZAR.UN) (TSX:ZOG.B) today closed the previously announced acquisition of working interests in various southern Alberta medium and heavy gravity oil pools with approximately 350 barrels of oil equivalent per day of existing production, along with approximately 6.9 thousand net acres of undeveloped land for a cash purchase price of approximately $25 [...]
WesternZagros Resources Ltd. (TSX VENTURE:WZR) (”WesternZagros” or “the Company”) has successfully and safely secured the Kurdamir-1 well, following the loss of well control reported on May 15, 2010. The risk of the damaged drill pipe failing and releasing hydrocarbons or hydrogen sulphide (H2S) at the surface has been eliminated.
Project partner and operator of Service Contract 54A in the Philippines, Nido Petroleum Limited (”Nido”) has provided TG World Energy Corp. (TSX VENTURE:TGE) (”TG World”) with an update on the Tindalo-1 well.
Tethys Petroleum Limited (”Tethys” or the “Company”) (TSX:TPL) today announced that drilling operations had commenced on the East Komsomolsk KOM201 appraisal well.
In response to a recent increase in trading volume and trading prices, Roadrunner Oil & Gas Inc. (TSX VENTURE:ROA) (”Roadrunner” or the “Company”) announces that the Company is not aware of any material undisclosed development at this time that would cause such upward movement in the Company’s share price and the high trading volume on [...]
Brownstone Ventures Inc. (TSX VENTURE:BWN) (”Brownstone”) has been advised by the operator, Petrolifera Petroleum Limited (TSX:PDP) (”Petrolifera”), and provides the following update on its Vaca Mahuida license, situated southeast of Puesto Morales.
Arsenal Energy Inc. (TSX:AEI) (FRANKFURT:A1E) is pleased to provide an update on its six well drilling program in North Dakota. The program involves four Bakken horizontals at Stanley and two Three Forks horizontals at Lindahl.
ARGENTINA
Puesto Morales/Rinconada Concession (100% and Operator)
PetroKamchatka Plc (”PetroKamchatka” or the “Company”) announces that it has ceased drilling operations at the Chernorechenskaya 1P exploration well in Kamchatka, Russia and plans to abandon the well. The well reached a total depth of 2,596 metres in basement rocks on the structure without encountering the target Snatol formation sandstones. Wireline logging operations will now [...]
June 1,2010 -- The Waldeck 1 pumped-storage hydropower plant in Germany has officially been inaugurated, Voith Hydro Inc. reported. Voith Hydro, together with the consortium partner for civil construction, Bilfinger Berger, developed the overall technical con.......
June 1,2010 -- Many hydropower developers are eyeing non-powered dams as an option for adding generation. In the United States, only a small percentage of dams are used to generate electricity, leaving much potential in adding hydro generation to existing non.......
Focus Communications out of Edmonton draws the most votes for its take on Alberta Oil's clean energy issue
June 1,2010 -- Italy's Enel Green Power has partnered with Italian overseas business promotion company Simest to develop the 84-MW Palo Viejo hydro project in Guatemala, wire services reported. ....
BP today provided an update on developments in the response to the MC252 oil well incident in the Gulf of Mexico. This follows an announcement on May 29 to move to the next step in the subsea operations.
Subsea Source Control and Containment
Preparations are ongoing for deployment of the lower marine riser package (LMRP) cap containment ... more
Lundin Petroleum AB ("Lundin Petroleum") will drill a new exploration well 16/1-14 in PL338. The well will target the Apollo structure, which is situated immediately to the south of the Draupne field in PL001B, and some 5 kms northwest of and down-dip from the Luno field located in PL338.
The main objective of the Apollo well ... more
1. FPSO for Brazil pre-salt area
SBM Offshore N.V. is pleased to announce that one of its Affiliates and Queiroz Galvão Óleo e Gás ... more
Pearl Energy (East Muriah) Ltd (“Pearl”), as Operator of the East Muriah PSC in the
East Java Basin has advised that the East Lengo-1 exploration well started drilling on
May 28, 2010. AWE Limited (“AWE”) has elected not to participate in the East Lengo-1
exploration well and Pearl ... more
BP today provided an update on developments in the response to the MC252 oil well incident in the Gulf of Mexico. This follows an announcement on May 29 to move to the next step in the subsea operations.
Subsea Source Control and Containment
Preparations are ongoing for deployment of the lower marine riser package (LMRP) cap containment system. Remotely ... more
CALGARY, ALBERTA--(Marketwire - May 31, 2010) - Zargon Energy Trust ("Zargon") (TSX:ZAR.UN) (TSX:ZOG.B) today closed the previously announced acquisition of working interests in various southern Alberta medium and heavy gravity oil pools with approximately 350 barrels of oil equivalent per day of existing production, along with approximately 6.9 thousand net acres of undeveloped ... more
WesternZagros Resources Ltd. (TSX VENTURE:WZR) ("WesternZagros" or "the Company") has successfully and safely secured the Kurdamir-1 well, following the loss of well control reported on May 15, 2010. The risk of the damaged drill pipe failing and releasing hydrocarbons or hydrogen sulphide (H2S) at the surface has been eliminated.
Specialists from Boots & Coots ... more
CALGARY, ALBERTA--(Marketwire - May 31, 2010) - Project partner and operator of Service Contract 54A in the Philippines, Nido Petroleum Limited ("Nido") has provided TG World Energy Corp. (TSX VENTURE:TGE) ("TG World") with an update on the Tindalo-1 well.
Nido reports: "Nido Petroleum Limited, as Operator of Service Contract 54A (SC54A), is pleased to advise that ... more
DUSHANBE, TAJIKISTAN--(Marketwire - May 31, 2010) - Tethys Petroleum Limited ("Tethys" or the "Company") (TSX:TPL) today announced that drilling operations had commenced on the East Komsomolsk KOM201 appraisal well.
The KOM201 well is designed to appraise the eastern portion of the Komsomolsk gas field, which lies beneath the northern part of Dushanbe, the capital ... more
THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS.
In response to a recent increase in trading volume and trading prices, Roadrunner Oil & Gas Inc. (TSX VENTURE:ROA) ("Roadrunner" or the "Company") announces that the Company is not aware of any material undisclosed development at this time that would cause such upward movement in ... more
TORONTO, ONTARIO--(Marketwire - May 31, 2010) - Brownstone Ventures Inc. (TSX VENTURE:BWN) ("Brownstone") has been advised by the operator, Petrolifera Petroleum Limited (TSX:PDP) ("Petrolifera"), and provides the following update on its Vaca Mahuida license, situated southeast of Puesto Morales.
Petrolifera, as the operator and owner of a 25% carried ... more
CALGARY, ALBERTA--(Marketwire - May 31, 2010) - Arsenal Energy Inc. (TSX:AEI) (FRANKFURT:A1E) is pleased to provide an update on its six well drilling program in North Dakota. The program involves four Bakken horizontals at Stanley and two Three Forks horizontals at Lindahl.
At Stanley, the EOG operated Burke 26-18 well (14% WI) has been completed using multi-stage ... more
ARGENTINA
Puesto Morales/Rinconada Concession (100% and Operator)
Current production is averaging approximately 4,000 boe/d, primarily from the Puesto Morales Norte ("PMN") Field, situated in the onshore Neuquén Basin. Recent pricing for crude oil has been quite favorable, approaching US$52.00 per barrel. Capacity at the company's water injection plant ... more
ST. HELIER, JERSEY, May 31 /CNW/ -- ST. HELIER, JERSEY, May 31 /CNW/ - PetroKamchatka Plc ("PetroKamchatka" or the "Company") announces that it has ceased drilling operations at the Chernorechenskaya 1P exploration well in Kamchatka, Russia and plans to abandon the well. The well reached a total depth of 2,596 metres in basement rocks on the structure without encountering the ... more
TORTOLA, British Virgin Islands, May 31 /CNW/ - Orca Exploration Group Inc. ("Orca" or the "Company") announces that it has signed an agreement with Petroceltic International plc ("Petroceltic") to farm in on Petroceltic's Central Adriatic B.R268.RG Permit offshore Italy.
The farm-in commits Orca to fund 30% of the Elsa-2 appraisal well up to a maximum of US$11.5 million ... more
HOUSTON--(BUSINESS WIRE)--Swift Energy Company (NYSE:SFY) announced today that it is monitoring events related to the Deepwater Horizon oil spill in the Gulf of Mexico in conjunction with local, state and federal authorities. There have been isolated reports of oil sheens along the Louisiana coast, in close proximity to the Company’s ... more
Two Albertan titans champion a made in Canada doctrine
'We have become dependent on a southern industrial way of life, but with no industry'
Optimism takes hold despite anemic net income and diminished revenues
US President Barack Obama has ordered a tripling of manpower in coastal areas where oil has washed ashore or threatens to within 24 hours.
Canacol Energy Ltd. (”Canacol” or the “Corporation”)(TSX VENTURE:CNE) is pleased to provide an update of its development drilling program and production at its operated Rancho Hermoso field located in the Llanos Basin of Colombia, where the Corporation has a 100% operated working interest. The Corporation’s worldwide production is approximately 3,240 barrels of oil per day [...]
ADIPEC 2010, the Abu Dhabi International Petroleum Exhibition & Conference, has further enhanced its visitors’ experience prior to, during and after the event with the newly launched ‘MyADIPEC’. The online application is a personal planner, which allows access to floor plans, scheduled conference and event details as well as the opportunity to contact exhibitors directly.
It’s time for outside experts to take over, now that a foreign-owned company’s efforts have failed to fix the horrendous environmental catastrophe it created. A Texas oil rig and pipeline expert has developed a solution that could stop the underwater gusher in a matter of days. Details of this “logical fix” are now available online.
East Resources, Inc. (”East Resources” or “the company”), a Pennsylvania-based independent oil and gas producer and one of the most active explorers in the Marcellus Shale, along with its private equity investor Kohlberg Kravis Roberts & Company, signed a definitive agreement to sell the company’s principal subsidiaries to an affiliate of Royal Dutch Shell plc [...]
Scots based Zenith Oilfield Technology Limited is revealing tests on new technology set to monitor well pressure and temperatures up to 500 Celsius.
TNK-BP announces completion of a deal to acquire 100% of “Vik Oil” group of companies in Ukraine. “Vik Oil” owns 118 fuel stations in thirteen Ukrainian regions, as well as 8 oil depots, 49 petrol tankers and 122 land plots in various stages of development.
Rio de Janeiro, May 28, 2010 Petróleo Brasileiro S.A. - Petrobras announces its consolidated results of the First Quarter 2010 (1Q10), in accordance with generally accepted accounting practices in United States (US GAAP).
BP started the “top kill” operations to stop the flow of oil from the MC252 well in the Gulf of Mexico at 1300 CDT on May 26, 2010.
Americas Petrogas Inc. (”Americas Petrogas” or “Company”) (TSX VENTURE:BOE) is pleased to announce that it has finalized a loan agreement with its private joint venture industry partner to finance its past costs and future commitments relating to its farm-in acquisition of a 25% interest in the 253,000 acre (approximately 1,025 square kilometers) Vaca Mahuida block. [...]
Newton Energy Corporation (the “Company” or “Newton”) (TSX VENTURE:NTN) is pleased to report its financial results for the three months ended March 31, 2010. The interim financial statements and Management’s Discussion & Analysis were filed today on SEDAR at www.sedar.com.
AltaGas Income Trust (AltaGas or the Trust) (TSX:ALA.UN) today announced that it has, through an indirect wholly owned subsidiary, signed a 60-year CPI indexed Electricity Purchase Agreement (EPA) with BC Hydro for its 195-MW Forrest Kerr run-of-river hydro-electricity generation project. The construction site is located in northwest British Columbia, approximately 100 km north of Stewart, [...]
Avro Energy, Inc. (OTCBB:AVOE). The Company is excited to announce it has acquired the Dickson Heirs Oil Lease located in Kiblah, South Arkansas. This Lease consists of the Dickson Heirs No. 1 Deep Oil Well and 160 Acre Oil Lease located inSouth Arkansas.
Petrominerales Ltd. (”Petrominerales” or the “Company”) (TSX:PMG), a 66% owned subsidiary of Petrobank Energy and Resources Ltd. (TSX:PBG), is pleased to provide an operational update highlighted by successful test results from our Capybara-1 and Corcel-C2 oil wells in the Llanos Basin of Colombia.
The Lithuanian competition authorities have approved the acquisition transferring 22 unmanned fuel stations from Alexela Oil AS to Neste Oil. The deal increases the number of Neste Oil’s fuel stations in Lithuania to 59 and market share to approximately 15 per cent. After receiving the approval from the competition authorities Neste Oil starts integrating the [...]
Aker Solutions has been awarded two contracts with Daewoo Shipbuilding & Marine Engineering Co Ltd (DSME) in South Korea for the delivery of two drilling equipment packages. The total contract value for Aker Solutions is approximately USD 180 million.
Sanjel Corporation is pleased to announce that with the recent commitment of approximately 70,000 hydraulic horsepower (HHP) the company’s fracturing capacity is now in excess of 245,000 HHP, with over 185,000 HHP dedicated to Canada.
Schafer Corporation (“Schafer”), a scientific analysis and engineering company, announced today it has been selected to lead an industry consortium in a research and development effort to investigate and demonstrate the viability of Concentrated Photovoltaic technology for terrestrial power generation. As part of the solar generation project, Schafer will build, deploy and test a small [...]
Meridian Energy USA, Inc. is the new name for the leading Bay Area solar development company formerly known as Cleantech America. The name change further aligns the company’s brand with its parent company, Meridian Energy Ltd. New Zealand-based Meridian Energy Ltd. acquired Meridian Energy USA’s operations in August of 2009 and has since provided the [...]
FMC Technologies, Inc. (NYSE: FTI) announced today that Johan F. Pfeiffer has been appointed Vice President, Global Surface Wellhead. Mr. Pfeiffer will assume his new role effective June 1, 2010.
Sembcorp Industries (Sembcorp) today (30 May 2010 - USA / 31 May 2010 - Singapore) announces that following the commencement of its wholly owned subsidiary Sembcorp Utilities’ tender offer for all of the issued and outstanding common shares of Cascal N.V. (Cascal) on May 21, 2010, Biwater Investments Limited, the majority stockholder of Cascal, has [...]
The Canadian Geothermal Energy Association (CanGEA) today released the much anticipated CanGEA Member Projects Database. The report outlines all the various CanGEA member projects under development around the world. This inaugural report is the first of its kind for the Canadian geothermal energy industry.
CNPV Solar Power SA, a leading integrated manufacturer of solar photovoltaic products, today announced that it has entered into a long term general supply agreement with Enel Green Power SpA, Italy’s largest power company, listed on the Milan Stock Exchange.
US President Barack Obama has ordered a tripling of manpower in coastal areas where oil has washed ashore or threatens to within 24 hours.
Speaking on a tour of oil-hit areas, Mr Obama said the US would "do whatever it takes" to help those affected.
The oil company BP says operations to seal the hole in the damaged well are continuing.
BP chief executive ... more
CALGARY, ALBERTA--(Marketwire - May 31, 2010) - Canacol Energy Ltd. ("Canacol" or the "Corporation")(TSX VENTURE:CNE) is pleased to provide an update of its development drilling program and production at its operated Rancho Hermoso field located in the Llanos Basin of Colombia, where the Corporation has a 100% operated working interest. The Corporation's worldwide ... more
ADIPEC 2010, the Abu Dhabi International Petroleum Exhibition & Conference, has further enhanced its visitors’ experience prior to, during and after the event with the newly launched ‘MyADIPEC’. The online application is a personal planner, which allows access to floor plans, scheduled conference and event details as well as the opportunity to contact ... more
Don't think Canada's energy sector is immune to an aging workforce
HARLINGEN, Texas, May 30 /PRNewswire/ -- It's time for outside experts to take over, now that a foreign-owned company's efforts have failed to fix the horrendous environmental catastrophe it created. A Texas oil rig and pipeline expert has developed a solution that could stop the underwater gusher in a matter of days. Details of this "logical fix" are now available online.
more
HARLINGEN, Texas, May 29 /PRNewswire/ -- BP can't get it right. Their attempts to fix the worst oil disaster in U.S. history have failed. Their "estimates" of the amount of oil fouling the Gulf of Mexico have been grossly wrong. And despite these grave mistakes that threaten lives and livelihoods all along the entire Gulf coast and beyond, BP is failing in responding to offers ... more
HARLINGEN, Texas, May 28 /PRNewswire/ -- After nearly five weeks and a number of failed attempts to stop the oil gusher in the Gulf of Mexico, it's time for BP and the United States to explore viable alternatives from beyond the confines of the company responsible for this catastrophe. So says a Texas businessman with extensive expertise in offshore oil well construction who ... more
HARLINGEN, Texas, May 28 /PRNewswire/ -- Now that the BP oil spill has been classified as the worst oil rig disaster in U.S. history and an "environmental catastrophe," a Texas oil rig and pipeline expert has developed a solution that could stop the underwater gusher in two weeks. Details of this "logical fix" have now been posted online after weeks of BP refusing to respond ... more
WARRENDALE, Pa., May 28 /PRNewswire/ -- East Resources, Inc. ("East Resources" or "the company"), a Pennsylvania-based independent oil and gas producer and one of the most active explorers in the Marcellus Shale, along with its private equity investor Kohlberg Kravis Roberts & Company, signed a definitive agreement to sell the company's principal subsidiaries to an affiliate ... more
Scots based Zenith Oilfield Technology Limited is revealing tests on new technology set to monitor well pressure and temperatures up to 500 Celsius.
A white paper on the trailblazing XT system will be launched next month (June 14th) at a Society of Petroleum Engineers conference in Barcelona, detailing plans to operate at ... more
TNK-BP announces completion of a deal to acquire 100% of “Vik Oil” group of companies in Ukraine. “Vik Oil” owns 118 fuel stations in thirteen Ukrainian regions, as well as 8 oil depots, 49 petrol tankers and 122 land plots in various stages of development.
The deal amount totaled approximately $313 million including the price of shares and debt ... more
Rio de Janeiro, May 28, 2010 Petróleo Brasileiro S.A. - Petrobras announces
its consolidated results of the First Quarter 2010 (1Q10), in accordance
with generally accepted accounting practices in United States (US GAAP).
The consolidated net income reached U.S.$4.3 billion in the 1Q10 , (US$
0.98 per ADS), compared to US$ 2.6 billion in ... more
BP started the "top kill" operations to stop the flow of oil from the MC252 well in the Gulf of Mexico at 1300 CDT on May 26, 2010.
The procedure was intended to stem the flow of oil and gas and ultimately kill the well by injecting heavy drilling fluids through the blow-out preventer on the seabed, down into the well.
Despite successfully pumping ... more
CALGARY, ALBERTA--(Marketwire - May 28, 2010) - Americas Petrogas Inc. ("Americas Petrogas" or "Company") (TSX VENTURE:BOE) is pleased to announce that it has finalized a loan agreement with its private joint venture industry partner to finance its past costs and future commitments relating to its farm-in acquisition of a 25% interest in the 253,000 acre (approximately 1,025 ... more
CALGARY, ALBERTA--(Marketwire - May 28, 2010) - Newton Energy Corporation (the "Company" or "Newton") (TSX VENTURE:NTN) is pleased to report its financial results for the three months ended March 31, 2010. The interim financial statements and Management's Discussion & Analysis were filed today on SEDAR at more
CALGARY, ALBERTA--(Marketwire - May 28, 2010) - AltaGas Income Trust (AltaGas or the Trust) (TSX:ALA.UN) today announced that it has, through an indirect wholly owned subsidiary, signed a 60-year CPI indexed Electricity Purchase Agreement (EPA) with BC Hydro for its 195-MW Forrest Kerr run-of-river hydro-electricity generation project. The construction site is located in northwest ... more
VIVIAN, La., May 28, 2010 (GLOBE NEWSWIRE) -- Avro Energy, Inc.
(OTCBB:AVOE). The Company is excited to announce it has acquired the Dickson
Heirs Oil Lease located in Kiblah, South Arkansas. This Lease consists of
the Dickson Heirs No. 1 Deep Oil Well and 160 Acre Oil Lease located in
South Arkansas. This is an important acquisition for Avro Energy, ... more
BOGOTA, COLOMBIA--(Marketwire - May 31, 2010) - Petrominerales Ltd. ("Petrominerales" or the "Company") (TSX:PMG), a 66% owned subsidiary of Petrobank Energy and Resources Ltd. (TSX:PBG), is pleased to provide an operational update highlighted by successful test results from our Capybara-1 and Corcel-C2 oil wells in the Llanos Basin of Colombia.
The Capybara-1 well ... more
The Lithuanian competition authorities have approved the acquisition transferring 22 unmanned fuel stations from Alexela Oil AS to Neste Oil. The deal increases the number of Neste Oil's fuel stations in Lithuania to 59 and market share to approximately 15 per cent. After receiving the approval from the competition authorities Neste Oil starts integrating the new stations into ... more
28 May 2010 - Aker Solutions has been awarded two contracts with Daewoo Shipbuilding & Marine Engineering Co Ltd (DSME) in South Korea for the delivery of two drilling equipment packages. The total contract value for Aker Solutions is approximately USD 180 million.
CALGARY, May 28 /CNW/ -- CALGARY, May 28 /CNW/ - Sanjel Corporation is pleased to announce that with the recent commitment of approximately 70,000 hydraulic horsepower (HHP) the company's fracturing capacity is now in excess of 245,000 HHP, with over 185,000 HHP dedicated to Canada.
"Since January of this year Sanjel's fracturing capacity has grown from 135,000 HHP to ... more
HARLINGEN, Texas, May 30 /PRNewswire/ -- It's time for outside experts to take over, now that a foreign-owned company's efforts have failed to fix the horrendous environmental catastrophe it created. A Texas oil rig and pipeline expert has developed a solution that could stop the underwater gusher in a matter of days. Details of this "logical fix" are now available online.
more
WARRENDALE, Pa., May 28 /PRNewswire/ -- East Resources, Inc. ("East Resources" or "the company"), a Pennsylvania-based independent oil and gas producer and one of the most active explorers in the Marcellus Shale, along with its private equity investor Kohlberg Kravis Roberts & Company, signed a definitive agreement to sell the company's principal subsidiaries to an affiliate ... more
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