Nigerian Petroleum Development Co., the upstream arm of state oil company NNPC, Monday announced a $5.2 billion, four-year investment plan aimed at raising oil production to 300,000 b/d mainly from assets acquired from foreign oil companies ...
Tags: Oil Output, Metallurgy
China is expected to continue increasing energy efficiency this year, resulting in muted growth in oil and coal consumption, according to new projections unveiled by the National Energy Administration on Friday. Total energy consumption ...
Tags: NEA, Five-Year Plan, coal-to-gas production, FYP
Argentina's YPF increased oil production 3.4% in 2013 from 2012 at blocks it operates in the country, helping the state-run energy company recover from a decade-long decline, it said Monday. Natural gas production rose 2.2% over the same ...
Tags: Energy Secretariat, oil, state-run energy company, dwindling production
Biofuel researchers have dramatically improved microalgae hydrocarbon productivity by using non-destructive extraction, akin to 'milking' algal cells as opposed to the conventional harvest and destruction. The algae species Bortyococcus ...
Tags: Algal Cells, Milk
Monday, Jan 13, 2014 Husky Energy (TSX:HSE) has sanctioned two new heavy oil thermal projects in Saskatchewan, which will deliver a total of 20,000 barrels per day (bbls/day) of production. Engineering is underway with construction of the ...
Tags: Oil News, Gas News, Husky Energy
Gulf Keystone, a leading independent E&P operator in the Kurdistan Region of Iraq, today provides an operational and corporate update. Significant progress has been made since the Field Development Plan ("FDP") for the Shaikan field was ...
Tags: Gulf Keystone, operational update, corporate update, Shaikan field
TAG Oil Ltd. (the "Company" or "TAG") (TSX: TAO) and (OTCQX: TAOIF) is pleased to provide the following exploration and development drilling update in both the shallow and deeper targets within the Taranaki Basin. As TAG enters calendar ...
Tags: TAG, Taranaki Basin, operational update, exploration targets
PetroFrontier Corp. ("PetroFrontier") is pleased to announce that the Joint Venture OperatingCommittee has approved the 2014 Work Plan and Budget (the "2014 WP&B"). The 2014 WP&B includes the drilling of up to five vertical test wells. All ...
Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”), an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources, with an ...
Lundin Petroleum AB (Lundin Petroleum) is pleased to announce its 2014 development, appraisal and exploration budget which totals USD 2.1 billion. The 2014 expenditure on development projects is budgeted at USD 1.4 billion which ...
Tags: Lundin Petroleum, budget, expenditure, budgeted expenditure
New Zealand Energy Corp. (TSX VENTURE:NZ)(OTCQX:NZERF) today provided an update on its production and operational activities. The Company is currently producing approximately 236 barrels ("bbl") per day of light, high-quality oil (average ...
PetroTech Oil and Gas Inc. (OTC: PTOG) (the "Company" or Petrotech") today announced that PTOG and their partner on this program have acquired all of the necessary equipment to rework four wells on the Nowata lease in Oklahoma. The company ...
Tags: Oil News, Gas News, PetroTech Oil and Gas Inc, Drilling Program
NYMEX February crude settled $1.48 lower at $93.96/barrel Friday, as a large draw in stockpiles was overshadowed by a sharp drop off in product demand and rising distillate stocks. ICE February Brent settled 89 cents lower at $106.89/b. ...
Tags: stockpiles, crude, Mineral
EnerJex Resources, Inc. (OTCMarkets: ENRJ) ("EnerJex" or the "Company") announced today that it has doubled its acreage position in the Company's Mississippian Oil Project from 2,840 gross (2,556 net) acres to 6,370 gross (5,267 net) acres. ...
Tags: EnerJex, Mississippian Oil Project, expansion acreage, acreage
Thailand's crude oil, condensate and natural gas production increased in the first 10 months of 2013 compared with the same period of 2012, but the growth rate has slowed considerably, according to the latest energy ministry data. Crude ...
Tags: Oil, Gas Output