Platts – Oil production from the Organization of the Petroleum Exporting Countries (OPEC) fell to 29.7 million barrels per day (b/d) in November, the lowest volume since mid-2011 when the uprising in Libya significantly reduced the ...
Tags: Platts, OPEC, oil production, Platts survey of OPEC
Senex Energy Limited (Senex, ASX: SXY) provides the following information in response to recent media reports: On Wednesday 11 December, Senex submitted a non-binding, indicative proposal to merge with Australian-based oil and gas company ...
Tags: Senex, AWE Limited, oil and gas, merger
U.S. crude oil production will come close to its record high by 2016 as the energy boom continues to reshape the U.S. economy, the U.S. Energy Information Administration (EIA) said Monday in a new report. Domestic crude oil production ...
Tags: Oil Production, Energy
Senegal hopes to find shale gas in its onshore Paleozoic Basin in the next two years having awarded exploration licenses to international companies, the head of state-owned Petrosen said Thursday. The west African nation, already a small ...
Tags: Shale Gas, Metallurgy
BreitBurn Energy Partners L.P. (the "Partnership") (NASDAQ:BBEP) today announced it has signed a definitive agreement to acquire additional oil and natural gas properties in the Permian Basin in Texas for approximately $282 million, subject ...
Tags: Oil and Gas News, Breitburn Energy, Acquisition, Permian Basin Interests
Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) expects to invest between $2.8 billion and $3.1 billion in 2014, a 13% decrease when compared with the previous year. The company is focusing its capital on oil projects that are anticipated to ...
Wintershall, a 100% BASF subsidiary, is optimizing its portfolio through divesting its share in selected assets on the UK Continental Shelf. Through the transaction, the Hungarian MOL Group will acquire 14 licenses in the North Sea, ...
Superior quality industrial valves are widely demanded nowadays as the requirements of highly effective flow control parts are increasing day by day. All these types are manufactured to regulate or turn on and off the flow of the liquids or ...
Rolls-Royce, the global power systems company, has been awarded a strategic contract to supply Abu Dhabi Marine Operating Company (ADMA-OPCO) with power generation equipment and related services to help boost oil and gas processing at the ...
Tags: Rolls-Royce, UAE, oil, gas, energy
Sapphire Energy, Inc., one of the world leaders in algae-based Green Crude oil production, and Phillips 66 (NYSE: PSX), an integrated energy manufacturing and logistics company, announced a strategic joint development agreement aimed at ...
Tags: Metallurgy, Mineral, Energy, Crude Oil, Oil
Eagleford Energy Inc. (OTCBB: "EFRDF") ("Eagleford Energy" or the "Company"), announces that together with its wholly owned subsidiary, Eagleford Energy, Zavala Inc., ("Eagleford Energy") has entered into a Joint Development Agreement with ...
Tags: Metallurgy, Mineral, Energy
Oil demand growth in the US this year is likely to exceed that of China's for the first time since the 1990s, skewing overall global demand in favor of developed markets, investment bank Goldman Sachs said in a new report released Friday. ...
Tags: US, China, oil demand
Senex Energy Limited (Senex, ASX: SXY) has delivered further success as part of its 30+ well drilling program for 2013/14, with Acrasia-6 extending the productive life of Acrasia oil field in the north east of South Australia's ...
Tags: Oil and Gas News, Senex Energy, Acrasia oil field, Acrasia-6
AROWAY ENERGY INC. (the "Company") announces that it has commenced operations on a new development oil well on its 100% owned and operated Kirkpatrick Lake property in Central Alberta. The new development oil well will be drilled to an ...
Tags: Aroway Energy, oil, well, energy
Oil production in the US state of Texas, the largest oil producer of the nation, hit a record high in September 2013, according to new data released on Tuesday. The Lone Star State pumped 2.7 million barrels of crude oil per day during ...