Colombia, once the domain of guerillas and drug traffickers, has opened up to investment and is now poised to add reserves through an aggressive exploration program, having recently surpassed 1 million barrels a day.
Oil prices are down 2 percent as an oversupplied market, urged on by oil being injected into TransCanada's Keystone XL pipeline.
Brent crude futures climbed to a one-week high on Monday after economic data hinted that November saw a growing manufacturing sector in China, Europe and the United States.
Over the weekend, the world changed.
At the recent World Resource Investment Conference in Vancouver, Keith Schaefer, editor and publisher of the Oil and Gas Bulletin, spoke with INN editor Vivien Diniz about the state of the natural gas market in British Columbia.
In the second segment of the INN’s World Resource Investment Conference interview with Keith Schaefer, Keith provided INN viewers with some insight on profiting from the natural gas boom in British Columbia.
Sprott US Holdings Chairman Rick Rule tells INN Senior Editor Andrew Topf that the sudden availability of natural gas, derived mostly through hydraulic fracturing, has increased its utility to consumers.
CBM Asia Development Corp. (TSXV:TCF,US:CBMDF,FWB:IY2) closed the first tranche of its private placement for gross proceeds of $255,320. 2,553,200 common shares were issued at a price of $0.10 per share.
Aroway Energy Inc. (TSXV:ARW, OTCQX:ARWJF) started operations on a new development oil well on its 100% owned and operated Kirkpatrick Lake property in Central Alberta.
CBM Asia Development Corp. (TSXV:TCF,US:CBMDF,FWB:IY2) provided a review of its operations in Indonesia, as well as an update on its current financing activities. To date, the Company has successfully drilled and tested a total of eight coalbed methane exploration wells at two Production Sharing Contract (PSC) areas in Indonesia. The Company has also been offered financing facilities of US$25 million and EUR60 million by two private institutions.
Big Sky Petroleum Corporation (TSXV:BSP) announced a restructuring of its share capital and management.
Saturn Minerals Inc. (TSXV:SMI) Director Stefan Szary spoke with Resource Investing News about their coal, oil and gas assets in Saskatchewan.
Aroway Energy (TSXV:ARW,OTCQX:ARWJF) President & CEO Chris Cooper spoke with Resource Investing News about its unique position in the oil and gas space.
The Wall Street Journal reported that natural gas prices have come down following seven-straight days of gains.
Finance Degree Center published an infographic that details how much gas Americans use, as well as how much they pay for it.
The Vancouver Sun reports that British Columbia and Alberta have agreed to a framework Tuesday that they say opens the possibility of heavy oil pipelines being built to the B.C. coast.
The Vancouver Sun reports that British Columbia has double the natural gas reserves than previously estimated, according to a BC government news release.