LONDON -- Fox Petroleum Inc (OTCBB:FXPT) an independent oil and gas exploration and production company headquartered in London, England and focused on exploration and production in the USA and UK, is pleased to announce the success the first two Kansas wells of it's 10-well drilling program in the Geneseo-Edwards Field...
HOUSTON, Oct. 15 /PRNewswire-FirstCall/ -- VAALCO Energy, Inc. today provided an update on the Company's drilling and exploration program. VAALCO currently has six producing wells in offshore Gabon, West Africa: four in its Etame field and two in the Avouma / Tchibala fields. Production from these...
Brigham Exploration Company (NASDAQ: BEXP) announced that its first Three Forks well in the Williston Basin was a discovery, producing at a recent rate of approximately 892 barrels of oil equivalent per day. Brigham controls approximately 27,780 net acres in the Ross Area, where Brigham has completed four consecutive...
SAN FRANCISCO -- The following releases focuses on the topic Travel & Leisure V: ALL TIME-OFFS ARE IN EASTERN TIME, UNLESS NOTED STORIES MOVED AT 4:35 AM ET ON SEPTEMBER 23, 2008. Love The Car You're With Source: Marketing Worldwide DENVER-- The 2008 Great American Beer Festival:...
SINGAPORE AFP — Oil prices fell in Asian trade Wednesday as the US government announced the release of oil from its strategic reserve to help with recovery efforts after Hurricane Gustav. In afternoon trade New York's main contract, light sweet crude for October delivery, dropped 71 cents to 109.00...
Deep Well Oil & Gas, Inc. ("Deep Well") (PINK SHEETS: DWOG) is pleased to announce that Degolyer and MacNaughton Canada Limited ("D&M"), an independent engineering company, has summarized the original oil in place for the Sawn Lake Project. D&M have concluded that net to Deep Well there are 1.2 billion...
BAGHDAD AFP — Iraq on Tuesday cleared a plan to develop an oil field by China Petroleum National Corp. at a service fee of six dollars a barrel, giving Beijing a foothold into the world's third largest oil reserves. Iraqi Oil Minister Hussein al-Shahristani said the cabinet had approved...
ALGIERS AFP — The Algerian cabinet chaired by President Abdelaziz Bouteflika adopted the 2009 finance bill predicated on an oil price of 37 dollars a barrel and a growth rate of 4.1 percent, it was announced here. Other markers were inflation at 3.5 percent and imports totalling 34 billion...
BRUSSELS AFP — Inflation in the 15 countries sharing the euro eased in August to 3.8 percent from a record 4.0 percent in July as oil prices cooled, according to a first official EU estimate on Friday. With oil trading at record highs close to 150 dollars a barrel,...
NEW YORK AFP — Oil prices edged higher Monday in choppy, thin trade as the major Baku-Tblisi-Ceyhan pipeline resumed operations after repairs from a fire and fresh unrest in Nigeria's oil-rich south. New York's main contract, light sweet crude for October, rose 52 cents to close at 115.11 dollars...
NEW YORK AFP — Oil prices rose on Wednesday after a sharp spike the previous day as traders nervously mulled a larger-than-expected decline in US gasoline stocks. Prices closed higher in edgy trade, wiping out declines experienced earlier in the day, as traders assessed a weekly US inventory report...
LONDON AFP — World oil prices dropped close to 111 dollars on Tuesday, dragged down by worries that weaker US oil demand could spread to Europe and Japan, analysts said. London's Brent North Sea crude for October delivery dipped 92 cents to 111.02 dollars a barrel in electronic deals....
The falling price of oil is prompting sighs of relief in many quarters. Cheaper gasoline and heating oil will make it easier for hard-pressed consumers to make ends meet. And the more than $30 a barrel that oil has dropped in recent weeks has been like a stimulus package for...
NEW YORK AFP — Crude oil prices fell Monday as Tropical Storm Fay looked set to spare energy facilities in the Gulf of Mexico and as the Baku-Tbilisi-Ceyhan pipeline appeared ready to reopen soon. New York's main contract, light sweet crude for September delivery, dropped 90 cents to close...
Republicans may be planning a crude surprise for Democrats this October. I mean crude in the sense that it will involve unrefined petroleum. Since the House recessed earlier this month, Republicans have been demanding that Speaker Nancy Pelosi call it back into special session to vote on whether to allow...
Geologists announce there are at least 80 billion barrels of crude oil available to us in the Arctic area. Congress says we don't presently have 90 billion empty barrels. We will just have to wait. November can't come too soon. Ray Twelves South Jordan
NEW YORK -- Stocks on Tuesday erased the sizable 2% loss suffered a day earlier as oil prices fell to their lowest levels since May and investors reacted positively to moves by Merrill Lynch to rid itself of toxic mortgage securities. The Dow Jones industrial average...
LAGOS AFP — Anglo-Dutch oil giant Shell cut output in southern Nigeria Monday after militants sabotaged at least one of its pipelines supplying crude, officials said. Shell declined to say by how much production was being reduced, stressing that the amount should not be exaggerated because of the possible...
NEW YORK AFP — Oil prices rallied Monday after militants attacked a Royal Dutch Shell pipeline in Nigeria, leading the Anglo-Dutch energy giant to reduce output. New York's main contract, light sweet crude for September, advanced 1.46 dollars to close at 124.73 dollars a barrel. In London, Brent...
If high gasoline prices are giving you a chill, imagine what it will be like in January, when home heating bills come back nearly three times larger than last year's. At least the region's congressional representatives are not buying the latest from the Oval Office. ...
