Obama pledges to triple oil response manpower in Gulf

US President Barack Obama has ordered a tripling of manpower in coastal areas where oil has washed ashore or threatens to within 24 hours.

Canacol Energy Ltd Provides Operations and Production Update From Its Operated Rancho Hermoso Field in Colombia

Canacol Energy Ltd. (”Canacol” or the “Corporation”)(TSX VENTURE:CNE) is pleased to provide an update of its development drilling program and production at its operated Rancho Hermoso field located in the Llanos Basin of Colombia, where the Corporation has a 100% operated working interest. The Corporation’s worldwide production is approximately 3,240 barrels of oil per day […]

Maximise Your Time at ADIPEC 2010 with a Personal Planner

ADIPEC 2010, the Abu Dhabi International Petroleum Exhibition & Conference, has further enhanced its visitors’ experience prior to, during and after the event with the newly launched ‘MyADIPEC’.  The online application is a personal planner, which allows access to floor plans, scheduled conference and event details as well as the opportunity to contact exhibitors directly.

Logical Fix for the BP Oil Spill Just a Few Days Away

 It’s time for outside experts to take over, now that a foreign-owned company’s efforts have failed to fix the horrendous environmental catastrophe it created. A Texas oil rig and pipeline expert has developed a solution that could stop the underwater gusher in a matter of days. Details of this “logical fix” are now available online.

East Resources Inc. Announces Sales Agreement with Royal Dutch Shell plc

East Resources, Inc. (”East Resources” or “the company”), a Pennsylvania-based independent oil and gas producer and one of the most active explorers in the Marcellus Shale, along with its private equity investor Kohlberg Kravis Roberts & Company, signed a definitive agreement to sell the company’s principal subsidiaries to an affiliate of Royal Dutch Shell plc […]

Zenith pioneers down hole sensor technology to operate at temperatures hotter than planet Venus!

Scots based Zenith Oilfield Technology Limited is revealing tests on new technology set to monitor well pressure and temperatures up to 500 Celsius.

TNK-BP Acquired Ukrainian Retail Network “Vik Oil”

TNK-BP announces completion of a deal to acquire 100% of “Vik Oil” group of companies in Ukraine. “Vik Oil” owns 118 fuel stations in thirteen Ukrainian regions, as well as 8 oil depots, 49 petrol tankers and 122 land plots in various stages of development.

Petrobras - Press Release: 1Q10 Earnings of US$ 4.3 bi in US GAAP.

Rio de Janeiro, May 28, 2010 Petróleo Brasileiro S.A. - Petrobras announces its consolidated results of the First Quarter 2010 (1Q10), in accordance with generally accepted accounting practices in United States (US GAAP).

Update on Gulf of Mexico Oil Spill - 29 May

BP started the “top kill” operations to stop the flow of oil from the MC252 well in the Gulf of Mexico at 1300 CDT on May 26, 2010.

Americas Petrogas Inc Financing for Vaca Mahuida Drilling

Americas Petrogas Inc. (”Americas Petrogas” or “Company”) (TSX VENTURE:BOE) is pleased to announce that it has finalized a loan agreement with its private joint venture industry partner to finance its past costs and future commitments relating to its farm-in acquisition of a 25% interest in the 253,000 acre (approximately 1,025 square kilometers) Vaca Mahuida block. […]