Featured Oil and Gas Companies

Saudi Oil Can Replace Large Share of Iran Heavy Oil Exports

Bloomberg reported that according to the Economist Intelligence Unit, Saudi Arabia has excess crude to replace a large share of the heavy oil exported by Iran.

Canadian Natural Gas Falls 4.3 Percent Due to Mild Weather

Bloomberg reported that Canadian natural gas dropped 4.3 percent due to mild U.S. weather.

Canacol Energy Updates on Drilling at Rancho Hermoso Field

Canacol Energy Ltd. (TSX:CNE) has updated on its drilling program at Rancho Hermoso Field in the Llanos Basin of Colombia.

Oil Rose 70 Cents on Iran’s Decision to Stop Supply to EU

Reuters reported that oil prices inched up 70 cents over Iran’s forthcoming parliament vote on stopping exports to the European Union.

Chevron Corp. Announces a Lower Quarterly Earning of $5.1 Billion

Reuters reported that Chevron Corp. (NYSE:CVX) has announced a lower quarterly earning due to losses at its U.S. refinery business.

Pennant Energy Inc. Provides Latest Operations Updates

Pennant Energy Inc.(TSXV:PEN) announced operations updates for its Bigstone Montney natural gas project. The Company also announced that surveys have been completed at the property and plans and contracts are in place to construct a 1,5 mile pipeline.

Updates at its Bigstone Montney Project for Blackbird

Blackbird Energy Inc.(TSXV:BBI) announced operations updates for its Bigstone Montney project. The Company reported updates from the first two drill wells and that they are preparing to drill a third well at the project.

Americas Petrogas Updates Medanito Sur and Rinconada Norte

Americas Petrogas (TSXV:BOE) updated on two blocks, Medanito Sur and Rinconada Norte, in the Neuquen Basin in Argentina.

OAO Gazprom’s Natural-Gas Supply to Greece Surpasses Levels

Bloomberg reported that OAO Gazprom’s (OTC Pink:OGZPY) natural-gas deliveries to Greece have surpassed contracted levels as cold weather delayed supplies through Turkey.

Natural Gas Price Drops 12 Cents After Supply Report

The Associated Press reported that natural gas prices fell 12 cents as U.S. supplies are still well above the normal.

Arcan Resources Reports 2011 Production of Over 6,000 Barrels of Oil

Arcan Resources Ltd. (TSXV:ARN) reported 2011 production of over 6,000 barrels of oil equivalent per day.

North America May Be Self-Sufficient in Oil by 2030

Bloomberg reported that according to the Centre for Global Energy Studies, North America may be self-sufficient in oil by 2030 due to rising U.S. domestic production and Canadian output.

Oil Prices Surged $1.72 on Due to a Weaker Dollar

Bloomberg reported that oil prices surged $1.72 on due to a weaker dollar as the U.S. Federal Reserve have decided to keep interest rates low.

Occidental Petroleum 2011 Q4 Revenue Rose 27.8%

Zacks reported that Occidental Petroleum Corporation’s (NYSE:OXY) 2011 Q4 revenue rose 27.8% to $2.02 per share from $1.58 per share.

U.S. Natural Gas Supplies Fell 5.3% Due to Drop in Temperatures

Bloomberg reported that U.S. natural gas supplies fell 5.3 percent after temperatures dropped in the Northeast.

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