News Archive for Oil and Gas News

Gulf Keystone Announces Spudding of Shaikan-5 Appraisal Well

Gulf Keystone is pleased to announce that the Shaikan-5 appraisal well has spudded on the Shaikan block in the Kurdistan Region of Iraq on 28th October 2011. Read more…

Monitoring of Well Drilling in Exploratory Blocks located in Solimões Sedimentary Basin

RIO DE JANEIRO, Oct. 28, 2011 /CNW/ – HRT Participações em Petróleo S.A. (“Company” or “HRT”) (BM&FBOVESPA: HRTP3, TSX-V: HRP), continuing the process of disclosing the progress of the well drilling in the areas under concession, announces the status of operations with position on today’s date at 3:00pm. Read more…

SolarWorld recognized as renewable energy industry leader on sustainability, transparency

SolarWorld, the largest U.S. solar panel manufacturer, has been recognized by three independent rankings as the global renewable-energy industry’s leader in sustainable corporate management, environmentally sound manufacturing and transparent financial reporting. Read more…

Vestas receives 267MW order from E.ON

Vestas has received orders for a total of 267MW of offshore projects in Sweden and the UK, it announced today. Read more…

Samson Oil & Gas operational advisory

Samson Oil & Gas Limited (ASX: SSN) (NYSE AMEX: SSN) advises that preparations for Defender US33 #2-29H fracture stimulation are essentially complete and the well is set for the frac crew to arrive onsite. Approximately seventy-three frac tanks onsite have been spotted, filled with water, and are being prepped for the fracture stimulation, which is scheduled to commence on November 7th. The Defender US33 #2-29H is the first Niobrara appraisal well in Samson’s Hawk Springs project. Read more…

Graham Corporation reports oil refining and power markets drive revenue and earnings growth in second quarter fiscal 2012

Graham Corporation (NYSE Amex: GHM), a designer and manufacturer of critical equipment for the oil refining, petrochemical and power industries, including the supply of components and raw materials to nuclear power plants, today reported its financial results for its second quarter and six-month period ended September 30, 2011. Graham’s current fiscal year ends March 31, 2012, and is referred to as “fiscal 2012.” Results include Energy Steel & Supply Company (“Energy Steel”), which was acquired by Graham on December 14, 2010. Energy Steel is a nuclear code-accredited fabrication and specialty machining company that manufactures heat exchangers, structural weldments and valve and pump replacement parts for the nuclear power generation industry. Read more…

Egypt Oil & Gas Production report 2011

Research and Markets (http://www.researchandmarkets.com/research/2055fe/egypt_oil_gas_pr) has announced the addition of Egypt Oil and Gas’ “Egypt Oil & Gas Production Report 2011″ report to their extensive offering of energy market research publications. Read more…

Japan Oil and Gas Report Q4 2011

Research and Markets (http://www.researchandmarkets.com/research/77616c/japan_oil_and_gas) has announced the addition of the “Japan Oil and Gas Report Q4 2011” report to their offering. Read more…

Texas Oil and Minerals complies with alternative reporting standards to upgrade OTC market status

HOUSTON, Oct. 28, 2011 /PRNewswire/ — Texas Oil and Minerals Inc. (PINKSHEETS: BNPD) announced today that the Company has complied with the Alternative Reporting Standards as required by OTC Markets Group. Read more…

China North East Petroleum reports encouraging preliminary results from seismic testing in Durimu oilfield

HARBIN, China and NEW YORK, Oct. 28, 2011 /PRNewswire-Asia/– China North East Petroleum Holdings Limited (the “Company”) (NYSE Amex: NEP), a leading independent oil producing and oilfield services company in Northern China, today announced that it has completed the seismic testing of its Durimu oilfield. Read more…

BNK Petroleum Inc. Lebork S-1 and Indiana update

CAMARILLO, CA, Oct. 30, 2011 /PRNewswire/ – BNK Petroleum Inc. (the “Company”) (TSX: BKX), on behalf of Saponis Investments Sp. z o.o, announced today that fracture stimulations were performed on both the Cambrian and Ordovician intervals in the Lebork S-1 well which did not enable an effective test of the two shales. This is due to only a small percentage of the programmed quantities and concentrations of proppant being placed in each shale. Although gas was flared from each interval and 43% and 50% of the stimulation fluid was eventually recovered from the Alum (Cambrian) and Ordovician shales respectively, the small amount of proppant placed in each zone was not enough to provide effective conductivity, allow conclusive production tests, nor provide the assessment of meaningful reservoir parameters. As predicted, the reservoir was over pressured but it took even higher pressures to stimulate the shales than anticipated.  It appears that both the Ordovician and Alum shales have complex fracture matrices, which were predominantly responsible for the reduced amount of proppant placed. It is expected that this complex matrix could prove to be a positive characteristic to this shale play as it would provide a larger contact area, thereby increasing potential recoveries and overall production. Read more…

DNO reports a working interest (WI) production of 36,773 bopd in the third quarter of 2011 and 26,712 bopd in September 2011

Yemen production

DNO’s WI production from Yemen in September 2011 was 4,170 bopd and the NE production was 2,579 bopd. In the third quarter of 2011 DNO’s WI production was 4,439 bopd and the NE production was 2,661. Read more…

PXP Receives $450 Million in Financing for 20% Equity Interest in Its Gulf of Mexico Business

HOUSTON, Oct. 28, 2011 /PRNewswire/ — Plains Exploration & Production Company (NYSE: PXP) (“PXP” or the “Company”) announced today it has executed a securities purchase agreement with EIG Global Energy Partners (“EIG”) in which PXP will receive $450 million of cash proceeds in exchange for a 20% equity interest in Plains Offshore Operations Inc. (“Plains Offshore”), a wholly owned subsidiary of PXP established to hold all of PXP’s Gulf of Mexico assets, including the Lucius oil development project, a well-appraised discovery with first production anticipated in 2014. The proceeds raised are expected to be used to fund Plains Offshore’s share of capital investment in the Lucius development and the Phobos prospect exploratory drilling planned for 2012. Read more…

China North East Petroleum Reports Encouraging Preliminary Results From Seismic Testing in Durimu Oilfield

HARBIN, China and NEW YORK, Oct. 28, 2011 /PRNewswire-Asia/– China North East Petroleum Holdings Limited (the “Company”) (NYSE Amex: NEP), a leading independent oil producing and oilfield services company in Northern China, today announced that it has completed the seismic testing of its Durimu oilfield. Read more…

Origin’s Exploration and Production business delivers solid performance during September Quarter

Origin Energy Limited (“Origin”) today released the Quarterly Production Report for its Exploration and Production business, reporting production of 36.3 petajoules equivalent (PJe) and sales revenues of $232.3 million, for the quarter to 30 September 2011. Read more…

Sembcorp Marine’s Subsidiary, Sembawang Shipyard Awarded FSO Tanker Conversion Contract From Mobil Cepu Ltd

Sembcorp Marine’s subsidiary Sembawang Shipyard, in a consortium arrangement with PT Scorpa Pranedya, has secured a US$300 million Floating Storage Offloading (FSO) tanker conversion contract from Mobil Cepu Ltd, a subsidiary of Exxon Mobil Corporation, contractor for the Indonesian Oil and Gas Regulatory Body (BPMIGAS) for Cepu Block. PT Scorpa Pranedya is an Indonesian shipowning and ship-management company. Read more…

Pembina Pipeline Corporation Announces Plans to Construct New Enhanced Liquids Extraction Facility in Berland area of Alberta

CALGARY, Oct. 28, 2011 /CNW/ – Pembina Pipeline Corporation (“Pembina”) (TSX: PPL) announced that it plans to construct, own, and operate a 200 million cubic feet per day (“mmcf/d”) enhanced natural gas liquids (“NGL”) extraction facility (the “Saturn Facility”) and associated NGL and gas gathering pipelines in the Berland area of west central Alberta. Read more…

Fairstar Heavy Transport N.V. awarded new contract by Oando Energy Services to transport drilling rig RESPECT

Fairstar Heavy Transport N.V. (FAIR) has been awarded a contract by Oando Energy Services, the leading indigenous, energy and energy services company in Nigeria to transport the drilling rig RESPECT from Lagos, Nigeria to Galveston, Texas. The contract value is USD 3.05 million. Read more…

NXT Executes and Commences Operations On $2.9 Million SFD® Contracts in Latin America

CALGARY, Oct. 31, 2011 /CNW/ – NXT Energy Solutions Inc. (“NXT” or the “Company”) (TSX-V:SFD; NASDAQ-OTCBB:NSFDF), announces that it has now signed contracts for US $2.9 million with an existing Canadian client that has significant oil and gas exploration and production operations throughout Latin America. The contracts cover four separate exploration blocks in Colombia for which the aircraft is now in Colombia and SFD® survey operations are commencing. Read more…

Rocksource postpones third quarter financial results release

Rocksource ASA (OSE: RGT) announces today that the Company has postponed its scheduled Q3 2011 results presentation. The presentation was originally scheduled for 3 November 2011. Read more…

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