Baker Hughes reported that for the week ending November 22, the US rig count declined by one to 1,761, following an eight-rig increase the previous week.? Additionally, the rig count is still down by 56 from 1,817 rigs during the same week ...
Tags: Metallurgy, Mineral, Energy
INPEX CORPORATION announces that a shallow gas release occurred on development well on the Tunu field lying in offshore Mahakam Block located in East Kalimantan, Indonesia on Friday 8th November 2013. According to the project operator ...
Tags: gas, release, well, Tunu, Mahakam, Block, East Kalimantan, Indonesia
The director for legal affairs of National Iranian Oil Company (NIOC) says buy-back contracts have attracted only 50 billion dollars in investment for Iran’s petroleum industry over 15 years. Under the best circumstances, the ...
OPEC should realize the reality that higher oil prices are unnatural and the result of geopolitical issues including imposing sanctions on Iran, a situation that will not be helpful to the organization. Former Iran’s governor for ...
Tags: OPEC, benefit, high price
API Director of Upstream and Industry Operations Erik Milito welcomed today’s authorization by the Department of Energy for exports from the Quintana Island, Texas liquefied natural gas (LNG) facility and urged the agency to quickly ...
Gastar Exploration, Inc. ("Gastar") (NYSE MKT: GST) announced today that its subsidiary, Gastar Exploration USA, Inc. ("Gastar USA"), closed its acquisition of Mid-Continent assets from Lime Rock Resources II-A, L.P. and Lime Rock Resources ...
Tags: Gastar Exploration, close, mid-continent, acquisition, million, senior
Produced Water Absorbents, Inc. and its subsidiaries (PWA) have completed a $9.2 million acquisition of the operating assets of oil and gas technology company ProSep Inc. and are launching a combined portfolio of patented solutions to treat ...
Tags: PWA, complete, acquisition, ProSep
Positive retail sales numbers in the month of October point to a good holiday sales season ahead. According to the National Retail Federation – the world largest retail trade association – October retail sales, excluding ...
Tags: Retail Sales, Textile
Foster Wheeler AG (NASDAQ:FWLT) today announced that a subsidiary of its Global Engineering and Construction Group has been awarded a contract by Axion Energy Argentina S.A. (“Axion”), a subsidiary of Bridas Corporation, to ...
Tags: Foster Wheeler, win, engineering, procurement, contract, coker
Alvopetro Inc. ("Alvopetro" or the "Company") announces that it has closed a transaction with Petrominerales Ltd. ("Petrominerales") to sell its 25 percent interest in 10 exploration blocks located in the Reconcavo Basin and three marginal ...
Patience is the watchword with Cardiff-3, which hit 4,300 meters this morning. We've got strong gas shows in the target formations penetrated to date – as expected – with strong mudlog shows of up to 85% total gas readings in ...
Kash Oil & Gas will operate the Houston Energy generated Stuart Prospect. It is located onshore South Louisiana in St. Martin Parish. The projected spud is late 2013 or early 2014.
Tags: Stuart Prospect, St.Martin Parish, LA
LNG Energy Ltd. ("LNG") (TSX Venture -- LNG) is pleased to announce that its subsidiaries, Telemu No. 18 Limited ("Telemu"), LNG Energy (PNG) Limited and LNG Energy No. 2 Limited, have closed their farm-in agreement with wholly owned ...
Tags: LNG, energy, farm-in, Papua, New Guinea, Heritage Oil PLC
BP today announced it has added two drilling rigs to the deepwater Gulf of Mexico, bringing its fleet to a company record nine rigs as it continues to develop its strong portfolio of assets in the key U.S. offshore basin. One of the rigs ...
The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Management Committee and Sergey Frank, Director General of Sovcomflot. The parties discussed cooperation in the marine shipping of liquefied natural ...
Tags: Alexey Miller, Sergey Frank, prospect, LNG, marine shipping