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...
LONDON AFP — Oil prices jumped above 107 dollars a barrel on Thursday when concern about tight supplies increased on news that saboteurs had blown up a major Iraqi export pipeline, traders said. New York's main oil contract, light sweet crude for delivery in May, rose by 1.12 dollars...
LONDON AFP — Oil prices jumped above 107 dollars on Thursday as concerns about tight supplies were stoked by news that saboteurs had blown up an Iraqi export pipeline, traders said. New York's main oil contract, light sweet crude for delivery in May, rose 1.05 dollars to 106.95 dollars...
ABU DHABI AFP — US Energy Secretary Samuel W. Bodman ahead of an OPEC meeting next month urged oil-producing states on Monday to pump more crude to ease pressure on prices. "There needs to be an increased supply in order to keep the markets of the world supplied with...
LA HONDA IT'S BEEN a long time since oil wells and cows co-existed in the rolling hills and homesteads of La Honda. Gone are the machines that probed the earth, drawing gas and oil from dozens of wells in the 1950s. Most of the...
LONDON -- Western Standard Energy Corp.,(NASD OTC BB:WSEG), an oil and gas exploration company, today announced that it has entered into a Memorandum of Understanding MOI with Oil For America LLC to acquire 2 leases in the Lodgepole Reef Prospects in Stark County, North Dakota. Under the terms of...
LONDON -- Fox Petroleum Inc. (OTC BB: FXPE - News) (hereafter "Fox Petroleum") is pleased to announce the signing of an agreement entering into a 22.5% joint venture interest in the Multi-Pay Gas Well called the Spears Gas Unit 2, Well #1 in the Gomez Field, Pecos County, Texas. In...
A joint venture in technology development between researchers at Texas A&M and the Department of Energy has produced a new computer tool that will increase recovery of up to 218 billion barrels of by-passed oil remaining in mature domestic fields. The nation's current proven reserve is 21 billion barrels. ...
Privately held AB Resources LLC, Breckville, Ohio, has acquired producing assets in Ohio and Pennsylvania from an undisclosed seller for an undisclosed price. The company now owns and operates more than 600 gas and oil wells and controls more than 70,000 leasehold acres in the Appalachian Basin.Allenergy Inc., Coffeyville, Kan.,...
I. INTRODUCTION Remaining global conventional crude oil resources are on the order of 3 trillion barrels, with more than 50% of that amount in the Persian Gulf. Consequently, Persian Gulf oil has been of considerable interest to Western oil companies and governments and to Russia for more than a...
Introduction Keeping America competitive requires affordable energy. And here we have a serious problem: America is addicted to oil, which is often imported from unstable parts of the world. The best way to break this addiction is through technology. --President George W. Bush, State of the Union Address,...
HOUSTON -- Anadarko Petroleum Corporation (NYSE:APC) today announced second-quarter 2006 net income available to common shareholders totaled $814 million, or $1.76 per share diluted, compared with the split-adjusted $1.06 per share diluted earned in the 2005 second quarter. Adjustments to estimated future tax liabilities resulting from tax law changes contributed...
Crude Oil Production. World crude oil production during January 2006 was 74 million barrels per day, down 0.5 million barrels per day from the level in the previous month. Organization of the Petroleum Exporting Countries OPEC production during January 2006 averaged 31 million barrels per day, down 0.3 million...
HOUSTON -- Anadarko Petroleum Corporation (NYSE:APC) today announced record fourth-quarter and full-year 2005 net income and highlighted exploration and development results that are expected to contribute to future growth. "The strength in oil and natural gas prices, along with operational improvements and an accretive share repurchase program, combined to...
Crude Oil Production. World crude oil production during November 2005 was 74 million barrels per day, up 0.6 million barrels per day from the level in the previous month. Organization of the Petroleum Exporting Countries OPEC production during November 2005 averaged 31 million barrels per day, down 0.1 million...
LAGOS AFP — Oil giant Shell said that while pumping had resumed after a pipeline explosion in southern Nigeria, the company was still losing 35,000 barrels a day and could not yet guarantee to honour commitments. Limited production had already begun Saturday in the affected part of the Niger...
MARIA BARTIROMO, CNBC ANCHOR: Well, for more on OPEC`s decision to keep output quotas unchanged at 28 million barrels a day, we turn now to Seth Kleinman. He`s the market analyst at PFC Energy. Nice to have you with us, as always, Seth. SETH KLEINMAN, MARKET...
Crude Oil Production. World crude oil production during September 2005 was 73 million barrels per day, down 0.5 million barrels per day from the level in the previous month. World crude oil production in the first 3 quarters of 2005 averaged 74 million barrels per day, up 2 percent compared...
Paradigm Oil and Gas Inc. (OTC BB: POGI) Paradigm Oil and Gas Inc. (OTC BB: POGI) is pleased to announce that a successful well drilled by Precision Drilling at Sawn Lake has been completed with the testing stage to be started. The well drilled at Sawn Lake in...
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