News Archive for Oil and Gas News

Reliable Energy Provides Operations Update and Initial Production Results

Reliable Energy Ltd. (“Reliable” or the “Company”) (TSX VENTURE:REL) is pleased to provide the following operations update. Read more…

KBR Awarded Pre-FEED Contract by Anadarko for Liquefaction Plant in Mozambique, Africa

KBR (NYSE: KBR) today announced it was awarded a contract by Anadarko Mozambique Area 1, Ltd., to perform a pre-front-end-engineering and design (pre-FEED) study for a prospective Liquefied Natural Gas (LNG) plant in Mozambique, Africa. Read more…

Oman Oil and Gas Report Q3 2011

Research and Markets has announced the addition of the “Oman Oil and Gas Report Q3 2011” report to their offering. Read more…

India Oil Markets, 2011

Research and Markets has announced the addition of GlobalData’s new report “India Oil Markets, 2011” to their offering. Read more…

PetroMagdalena Energy announces Petirojo-1 discovery well located in the Cubiro Block with initial production test of 1,545 bopd of 40 degree API

PetroMagdalena Energy Inc. (TSXV: PMD) is pleased to announce it has discovered a new light oilfield with the Petirojo-1 discovery well, with the well currently producing 1,545 bopd of 40 degrees API light oil after 13 hours of initial production test.  This represents 1,080 bopd gross working interest share for the Company, which is just under half of the Company’s current production. Read more…

China’s Oil Demand Rebounds to 9.05 Million b/d in July

China’s apparent oil demand* in July increased to 38.29 million metric tones (mt), or an average of 9.05 million barrels per day (b/d), as oil consumption appeared to have recovered after seasonal refinery maintenance, according to an analysis of recent Chinese government statistics by Platts, a leading global provider of energy, petrochemicals and metals information. Read more…

BCM Energy Partners, Inc. Executes Purchase and Sale Agreements with Drum Oil & Gas, Inc. and Drum Equipment to Acquire Liberty Field Assets

BCM Energy Partners, Inc., (OTCPK: BCME), an oil and gas company focused on acquiring and developing distressed assets, announced today that it has executed Purchase and Sale Agreements with Drum Oil and Gas, Inc. and Drum Equipment, Inc. to acquire certain producing assets in Liberty County, Texas. Read more…

Ameresco, Inc. Acquires APS Energy Services

Ameresco, Inc. (NYSE: AMRC) a leading energy efficiency and renewable energy company, announced today that it has acquired APS Energy Services Company, Inc. from Pinnacle West Capital Corporation (NYSE: PNW). APS Energy Services, headquartered in Tempe, AZ, is a full-service company that provides integrated energy efficiency and renewable energy solutions for a variety of institutional customers, including state and local governments, school districts and universities. Read more…

Sunvalley Solar Awarded $2M Solar Installation Contract in Long Beach, CA

Sunvalley Solar, Inc. (OTC Bulletin Board: SSOL -News), a leading solar power technology and solar system integration company, announces today that it has signed a 405 Kilowatt commercial solar installation contract with All Fortune Group, LLC in Long Beach, California. Read more…

Pivotal LNG to Provide Liquefied Natural Gas to Encana

Pivotal LNG, a subsidiary of AGL Resources Inc. (NYSE: AGL), has signed an agreement with Encana Natural Gas Inc., a subsidiary of Encana Corporation (TSX, NYSE: ECA), to supply liquefied natural gas (LNG) that Encana plans to offer to service providers operating fleet trucks in the Haynesville area of Louisiana. Read more…

Nexus Energy Announces Crux Liquids Project Update

Nexus Energy Limited (“Nexus”) advises that the recent capital market turmoil has not had any effect on the Company’s discussions with parties on both borrowings and farm-ins in relation to the Crux liquids project. Read more…

Cairn Energy announces 2011 half-yearly results announcement

HIGHLIGHTS

Sale of 40% shareholding of the fully diluted share capital in Cairn India Limited (CIL) to Vedanta Resources plc (Vedanta) to be completed in two stages: Read more…

Hycarbex-American Energy, Inc. Announces Resumption of Continuous Production from Haseeb Gas Field

The American Energy Group, Ltd. (OTC.BB: AEGG) announced today that Hycarbex-American Energy, Inc. (“Hycarbex”) has advised thatcontinuous gas production from the Haseeb Gas Field resumed on July 12, 2011 under the Extended Well Test (EWT) project and the Haseeb #1 Well is currently producing 3.5 million cubic feet of gas per day. According to Hycarbex, the Haseeb #1 Well is expected to reach 15 million cubic feet of gas per day once the commissioning of the gas processing facility is optimally completed. Hycarbex further advised that as of August 11, 2011, around 106 million standard cubic feet has been delivered to Sui Southern Gas Company Limited under the Gas Sale and Purchase Agreement. Hycarbex had previously announced the interruption of the EWT project caused by mechanical problems encountered in the commissioning of the gas processing facility owned and operated by a third party. Read more…

New Jersey Natural Gas Works with Blue Diamond Disposal for Morris County’s First Compressed Natural Gas Filling Station

In light of the positive momentum in expanding compressed natural gas (CNG) fueling for commercial vehicles, New Jersey Natural Gas (NJNG) will be providing natural gas service to Morris County’s first CNG filling station. To that end, Blue Diamond Disposal, a Mount Arlington solid waste and recycling company, recently awarded Clean Energy Fuels Corporation the contract to build, operate and maintain Morris County’s first CNG filling station, and NJNG will provide the distribution infrastructure to support the delivery of natural gas to the filling station.

“Moreover, this initial transition to CNG-powered trucks will contribute to our long-term cost savings and benefit our efforts to convert Blue Diamond’s entire fleet to natural gas-fueled vehicles”

“During the past year, our customers have expressed significant interest in natural gas vehicles. With abundant supplies of natural gas available at competitive prices, natural gas vehicles offer an economic and environmental solution for reducing our nation’s dependence on foreign energy sources,” says Thomas Massaro, vice president of marketing and business intelligence at New Jersey Natural Gas.

“Our decision to adopt natural gas transportation solutions will generate a host of financial advantages for Blue Diamond, including the immediate reduction in fuel costs and streamlined maintenance packages – all while positively benefitting the environment,” stresses John Shortino Jr., president of Blue Diamond Disposal.

New Jersey Clean Cities Coalition (NJCCC) provided Blue Diamond with a $500,000 Department of Energy (DOE) grant to cover the incremental costs associated with purchasing CNG refuse collection trucks rather than replacing them with diesel-powered vehicles. The NJCCC grant provided Blue Diamond the opportunity to add 10 CNG trucks to its fleet. And Blue Diamond purchased an additional seven CNG trucks as part of its expansion program to CNG vehicles. The new CNG trucks are part of Blue Diamond’s long-term initiative to convert its entire fleet of 60 recycling and waste collection trucks to CNG-powered vehicles. This project is one of several across New Jersey that is being partially funded by the NJCCC as part of a $15 million DOE grant under the American Recovery and Reinvestment Act.

NJNG is an original supporter of NJCCC, which aims to decrease petroleum usage of vehicles by expanding the markets for alternative fuel and advanced technology vehicles.

“We are pleased to work with Blue Diamond, NJCCC and NJNG to better utilize natural gas vehicles to enhance our nation’s security, improve air quality and provide a more affordable source of transportation fuel,” states Peter Grace, senior vice president of sales and finance at Clean Energy Fuels Corporation. “This advances our program to support the solid waste sector in New Jersey where we have already built and are operating natural gas fueling stations in Trenton, Egg Harbor Township and Camden, as well as at Newark International Airport. There are two more underway in Atlantic City and Newark.”

Massaro points out that with thousands of refuse collection trucks on the road in New Jersey, there’s significant opportunity for NJNG to work with waste collection companies and other commercial entities to adopt cleaner natural gas fuel for economic and environmental reasons.

“Transitioning to a cleaner alternative fuel source demonstrates that we are listening to our customers to minimize the environmental impact from transportation,” Shortino says. The volatility of petroleum and diesel prices has put tremendous pressure on the commercial sector, with diesel hovering at $4 per gallon* compared to a CNG-gallon-equivalent of $2**. “Moreover, this initial transition to CNG-powered trucks will contribute to our long-term cost savings and benefit our efforts to convert Blue Diamond’s entire fleet to natural gas-fueled vehicles,” Shortino adds.

“Because of continued interest from both the public and private sectors to convert their fleets to more environmentally-friendly, less expensive and domestically produced fuels, we hope to encourage the expansion of supporting infrastructure that would accommodate the increased reliance on alternative fueled vehicles throughout the state,” says Chuck Feinberg, chairman of New Jersey Clean Cities Coalition.

Slated to open sometime in fall 2011, the new fueling facility will be equipped with time-fill posts and designed to include future expansion, including fast-fill dispensers. The station will support Blue Diamond’s initial deployment of 17 CNG trucks and the gradual transition of 100 percent of its diesel-powered refuse collection trucks to clean-burning natural gas power.

Source: Business Wire

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‘The Global Oil Shale Market is Worth $2.88bn in 2011′ Says Visiongain Report

Oil shale is not a newly discovered energy source; it has been utilised around the world in various places and at various times for more than 150 years. Oil shale is an organic-rich sedimentary rock, found in around 40 countries throughout the world. It can be utilised as an energy source by heating the shale – through either an in-situ or ex-situ process – to release a substance called kerogen, which can then be refined into oil. Read more…

Origin reports 15% growth in Underlying Profit and strong growth outlook for 2012

Origin Energy Limited (Origin) today announced a 15 per cent increase in Underlying Profit to $673 million for the financial year ended 30 June 2011, when compared with the prior year.  Read more…

Jasper Explorer Drill Ship En Route to Hyperdynamics’ First Exploration Drilling Site Offshore Guinea

Hyperdynamics Corporation (NYSE: HDY) announced today that the Jasper Explorer drill ship has left its home port in Singapore and is now being mobilized to Hyperdynamics’ first exploration drilling site offshore the Republic of Guinea in Northwest Africa. Read more…

Downhole Setting Tool Fails to Work Properly at Nordic’s Endeavour Well And Evidence of Oil Found on Tool When Removed from Hole

Donald Benson, Chairman and CEO of Nordic Oil and Gas Ltd. (the “Company” or “Nordic”), announced today that the downhole setting tool to acidize the zones at the Company’s 4-11-35-4 W2 well at Endeavour, Saskatchewan did not perform properly, thereby preventing the Company from undertaking its scheduled acidizing on the well the way it had planned. Read more…

Delek Group announces update to agreements regarding Block 12 – Cyprus

“Further to that stated in 9.7.7 and 9.7.27 [K] of the company’s July 22, 2011 prospectus, regarding the Transfer Agreement dated March 2, 2010, signed between Noble Energy International Ltd., ["Noble Cyprus"], Delek Drilling Management [1993] Ltd., ["Delek Drilling Management"] and Avner Oil and Gas Ltd., ["Avner Oil and Gas"] regarding exploration activities in Block 12 – Cyprus ["Transfer Agreement"], the partnership is pleased to announce that an agreement has been signed between Noble Cyprus and Delek Drilling Management, on its own behalf and on behalf of Delek Drilling – Limited Partnership ["Delek Drilling"], and Avner Oil and Gas, on its own behalf and on behalf of Avner Oil Explorations – Limited Partnership ["Avner"], [Delek Drilling and Avner, jointly – "partnerships"], amending the Transfer Agreement, as below: Read more…

NPD announces optimism following major discovery

Together, 16/2-8 ”Aldous” and 16/2-6 ”Avaldsnes”, could be the largest oil discovery made on the Norwegian shelf since the 1980s, and the world’s largest offshore discovery this year. Read more…

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