India Looking to Secure Gas Supplies
The latest developments underscore a general theme from the subcontinent as it has been looking at other areas to acquire oil and gas assets overseas to meet its growing energy demand. As Asia’s third-largest oil consumer, India has been aggressively scouting for overseas gas and oil assets to meet its supply deficit and is competing with China for fields from Africa...
What Makes an Oil Deposit World Class?
Although there are more than 40,000 oil and gas fields of all sizes in the world, slightly less than 80 percent of the proven reserves are concentrated in eight countries, of which only Canada and Russia are not OPEC members.
Russia and Middle Eastern Oil Sources Competing for Asian Business
Japanese and South Korean refiners have increased oil purchases from Russia, eroding the dominance of Middle Eastern suppliers and electing for a more competitive crude source that is three weeks closer by ship. While Russian exports have surged over the last 6 months, the Middle East remains dominant, with total Middle East output in June around 19.9 million barrels,...
Gas Price Levers Driven by Investor, Environmental and Weather Concerns
Moving away from more traditional supply and demand side fundamentals, gas prices and the costs of production may increasingly be leveraged by oversight, share holder accountability, and seasonal meteorology.
Natural Gas Producer Looking for Joint Venture Partnerships
Encana, Canada's largest natural gas producer is seeking project partnerships that could facilitate the development of unconventional gas fields, with expectations to double its production of natural gas over the next five years.
Suncor Energy declares dividend
Suncor Energy Inc.’s (TSE: SU) Board of Directors has approved a quarterly dividend of $0.10 per share on its common shares, payable September 24, 2010 to shareholders of record at the close of business on September 3, 2010.
Caza Oil & Gas, Inc.: Bongo Prospect/O.B. Ranch #1 Well Update
Caza Oil & Gas, Inc. (TSE:CAZ)(AIM:CAZA) announced that the Bongo, O.B. Ranch #1 Well has reached a depth of 12,964 feet, and intermediate casing has been installed, cemented and formation integrity tested.
Nextraction Announces Update to NI 51-101 Reserve Report for North Pinedale Project
Nextraction Energy Corporation (TSX VENTURE:NE) announced that MHA Petroleum Consultants LLC has completed an update to its National Instrument technical report (NI-51-101) estimating reserves and future net revenues for the Company’s North Pinedale Project, located on the crest of the Pinedale Anticline in Sublette County, Wyoming.
Heritage Oil Announces the Completion of the Sale of Its Ugandan Interests
Heritage Oil Plc (TSX:HOC)(LSE:HOIL), an independent upstream exploration and production company announced that Heritage Oil & Gas Limited has completed the disposal of its entire interests in Block 1 and Block 3A in Uganda.
Africa Oil Closes Final Tranche of $25 Million Private Placement
Africa Oil Corp. (TSX VENTURE:AOI)announced that it has closed the second and final tranche of the $25 million private placement, previously announced on July 9, 2010.
Aroway Minerals Announces Acquisition of Oil and Gas Interest and Private Placement Financings of Up to $5,000,000
AROWAY MINERALS INC. (TSX VENTURE:ARW) announced that it has entered into a purchase and sale agreement dated July 20, 2010 with Big Earl Resources Ltd., a private company incorporated in Alberta, pursuant to which Big Earl has agreed to assign to the Company its farmin interest to acquire a 50% working interest in certain petroleum and natural gas assets currently owned by a private oil and gas exploration and production Company.
Ryland Oil Provides Update on Proposed Arrangement With Crescent Point Energy Corp.
Ryland Oil Corporation (TSX VENTURE:RYD) announced that the Court of Queen’s Bench of Alberta has granted an interim order with respect to Ryland’s proposed plan of arrangement with Crescent Point Energy Corp. pursuant to which Crescent Point proposes to acquire all of the issued and outstanding shares of Ryland in exchange for Crescent Point shares.
Suncor Energy to release second quarter 2010 financial results
Suncor Energy Inc. will release its second quarter financial results on Thursday, July 29, 2010 at 12:30 a.m. MDT (2:30 a.m. EDT).
Poplar Creek Resources Inc. Announces Signing of Memorandum of Understanding With Norwegian Oil Sands Inc
Poplar Creek Resources Inc. (PCK) (TSX VENTURE:PCK) announced the signing of a Memorandum of Understanding with Norwegian Oil Sands Corp. whereby PCK, subject to certain conditions set forth in the MOU, has the right to earn a 50% interest in 31 sections of contiguous Oil Sand Leases owned by NOS.
Oil slips awaiting bank tests, eyeing storm
Ibtimes.com reported on Oil slips awaiting bank tests, eyeing storm:
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Thursday, July 22, 2010