Environmentalists hoping that oil production will peak in 2014 will be disappointed. New supplies will comfortably outstrip fresh demand, preventing prices from rising. Countries leading the way will include Brazil, Iraq, America and ...
Tags: oil production, Energy
NYMEX February crude settled 87 cents lower at $98.42/barrel Tuesday in low volume, pre-New Year's holiday trade, with the rest of the complex mixed. ICE February Brent settled 41 cents lower at $110.80/b. In products, NYMEX January ULSD ...
Tags: petroleum markets, Mineral
Canacol Energy Ltd. ("Canacol" or the "Corporation") (TSX:CNE)(BVC:CNEC) is pleased to announce the second flow test result from the Leono 1 exploration well located on the LLA23 Exploration and Production ("E&P") Contract in the Llanos ...
Tags: Canacol Energy, flow test result, Leono 1 exploration well
Dana Gas, the Middle East's leading regional private sector natural gas Company, announced today that it has received from the Egyptian Government authorities the payment of AED 194 million (US$ 53 million) from the current total ...
Tags: Dana Gas, AED, Egyptian Government, Investment
An average 2014 oil price of $81/b for Saudi export crude, or about $85/b for Brent, is likely to be needed for Saudi Arabia to balance state revenues with government spending in the coming year as oil production declines to 9.3 million ...
Tags: Balance Budget, Oil Output
Gazprom has started producing oil from the Prirazlomnoye field. It is the first Russian project for developing the Arctic shelf and the commencement of Gazprom's large-scale activities aimed at creating a large hydrocarbon production center ...
Deep Down, Inc. (OTCQX: DPDW) ("Deep Down"), an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services announced today it has received two orders for flying leads, ...
Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) (BOVESPA: PREB) announced today that it has reached an agreement to sell its 5% interest and transportation rights in the Oleoducto Central S.A. ("OCENSA") oil pipeline in Colombia for a ...
Tags: pipeline
AROWAY ENERGY INC. (TSX VENTURE:ARW)(OTCQX:ARWJF) (the "Company") is pleased to announce the following update on its most recent oil well at Kirkpatrick Lake in Central Alberta. The well was completed at a total vertical depth of 1,130 ...
US crude oil production will come close to its record high by 2016 as the energy boom continues to reshape the US economy, the US Energy Information Administration (EIA) said Monday in a new report. Domestic crude oil production will grow ...
Pan Orient Energy Corp. ("Pan Orient" or the "Corporation") (TSX VENTURE:POE) is pleased to provide an update on operations in Thailand, Indonesia and Canada. Concession L53 Onshore Thailand (Pan Orient Operator and 100% Working Interest) ...
A ground-breaking energy industry research project aimed at addressing the key challenge of enhancing oil recovery from reservoirs has been launched. The €4million project (approx. £3.4 million) is a pioneering collaboration by ...
Keppel Offshore & Marine Ltd's (Keppel O&M) subsidiaries Keppel Shipyard Ltd (Keppel Shipyard) and Keppel Nantong Shipyard Co. Ltd (Keppel Nantong) have secured five contracts worth about S$150 million in total. Mr Michael Chia, MD ...
Tags: Keppel, transportation
AWE Limited (ASX: AWE) advises that Marathon Oil, the Operator of the Sugarloaf Area of Mutual Interest (AMI) in Texas, USA, has provided an update on its 2013 drilling activity and 2014 development plans. AWE has a 10% working interest in ...
Tags: AWE, Marathon Oil, AMI, drilling activity, Sugarloaf, drilling program
EnerJex Resources, Inc. (OTCMarkets: ENRJ) ("EnerJex" or the "Company") announced today an update on its operating activities in Morgan County, Colorado, where the Company owns a 100% working interest in approximately 19,000 acres covering ...
Tags: Enerjex, Morgan County, oil production, Adena Field