Gastar Exploration, Inc. ("Gastar") (NYSE MKT: GST) today announced that the Mid-Con 6H well in its Hunton Limestone oil play reached a peak 24-hour gross initial production ("IP") rate of 1,442 barrels of oil equivalent ("BOE") per day and ...
Tags: Gastar Exploration, Mid-Con, 6H, well, Hunton Limestone, oil
CB&I (NYSE:CBI) announced today it has been awarded a contract valued in excess of $70 million by Petrofac Saudi Arabia Co. Ltd. The project scope includes the engineering, procurement and construction of crude oil storage tanks at a ...
Tags: CB&I, award, storage, contract, Saudi Arabia
SPX Corporation (NYSE: SPW) today announced that it was awarded a contract in Q3 worth approximately $22 million for oil well production pumps. The pumps will be utilized for key artificial lift service on EnQuest's new offshore subsea ...
Tags: SPX, award, contract, oil, production, pump, EnQuest, kraken, North Sea
Scottish oil and gas sales to the rest of Britain and international markets are estimated to be worth over 30 billion pounds (about 48 billion U.S. dollars) in 2012, the Scottish government said on Wednesday. International sales by the ...
Tags: Scottish Oil, Gas Sales
A chief executive officer of a U.S. energy giant on Tuesday called for the government to remove its current ban on crude oil exports so as to lower consumer prices and stimulate further shale oil production, the Houston Chronicle reported. ...
Tags: Crude Oil, Export Ban
Innovation and integration resulting in greater feedstock flexibility have provided a significant competitive advantage for ExxonMobil’s chemical business, Steve Pryor, President of ExxonMobil Chemical Company, told attendees at the ...
Tags: ExxonMobil, Textile
The cleanup technique used by the Environmental Protection Agency (EPA) following the 2010 Deepwater Horizon oil spill in the Gulf of Mexico actually made the spilled oil more than 50 times more toxic than doing nothing, according to a ...
Tags: deepwater, oil, spill, cleanup, toxicity worse
It was considered the largest oil-related natural disaster in the history of the world, so it only follows that the fine would be historic too. Gargantuan oil company BP has agreed to pay the largest criminal penalty in U.S. history for ...
The true cost of fossil fuel reaches far beyond what is paid at the gas pump -- the expense of waging war to protect oil interests, governmental corruption, global warming and environmental destruction all are part of the equation. And ...
The global oil market is currently well supplied but growing demand pressures and ongoing disruptions in some OPEC producing countries could soon reverse a recent spate of softer oil prices, the International Energy Agency said Thursday. ...
Tags: Oil Prices, oil market
CNOOC Limited (the "Company", NYSE: CEO, SEHK: 00883, TSX: CNU) announced today that its wholly-owned subsidiary Nexen Energy ULC (Nexen), has entered into an exclusive agreement with the Government of British Columbia, Canada to examine ...
Aegean Marine Petroleum Network Inc. (NYSE: ANW) today announced that it has entered into an agreement to acquire the U.S. East Coast bunkering business of Hess Corporation (NYSE: HES). This transaction, for a purchase price of $30 ...
Tags: Aegean Marine Petroleum Network, acquire, bunkering, business
Crude oil production from the Organization of the Petroleum Exporting Countries (OPEC) remained broadly unchanged at 29.93 million barrels per day (b/d) in October following production of 29.91 million b/d in September, a just-released ...
The cross-border crude oil pipeline between China and Kazakhstan transported a record high monthly volume of 1.23 million mt of crude in October, state-owned China National Petroleum Corp. said Monday. The shipments increased 26.8% from ...
Tags: Oil Pipeline, Kazakh-China
China's crude oil imports in October fell 13.8% year on year to 20.41 million mt or an average 4.83 million b/d, according to preliminary data released by the General Administration of Customs Friday. This is the first time this year that ...
Tags: crude oil imports, Mineral