Oil and energy companies said that there will be an overage of gas supplies until 2014. There was a decrease in demand for gas due to the financial and economic crisis in 2008 so gas prices have collapsed.
Jean-Jacques Mosconi, head of strategy for Total SA (TOTF.PA) is quoted saying:
“Gas faces a bubble — especially in [...]
Yoho Resources Inc. (TSX VENTURE:YO) reported that it has filed today the interim unaudited consolidated financial statements for the six months ended March 31, 2010 and related Management’s Discussion and Analysis.
Parex Resources Inc. (TSX VENTURE:PXT) provided an exploration update for Colombia and Trinidad and announces its operating and financial results for the three months ended March 31, 2010.
The oil spill liability could extend well beyond British Petroleum as Transocean Ltd., Halliburton Co. and Cameron International Corp. all had some exposure to this series of current events.
Alberta Oilsands Inc. (”AOS” or the “Company”) (AOS – TSX-V), an early stage oil sands exploration and development company, has announced an updated on its development of the Clearwater property.
A third party evaluation assigned 16.3 million barrels of probable and 51.3 million barrels of possible bitumen reserves.
Click here to access the entire Press Release
Primary Petroleum reports that the recent funding has eliminated all debts and has working capital of approximately $1.2 million.
Primary holds 100% Working Interest (”W.I.”) in approximately 130,000 net acres in two Bakken potential prospects in Montana. Its Teton – Pondera lands consist of approximately 110,000 net acres [167 sections] and are located within the ‘Bakken fairway’ and on trend [...]
Suroco Energy Inc. (TSX VENTURE:SRN) provided an update to its operations and the operations of Winchester Oil & Gas S.A.
NAL Oil & Gas Trust (TSX:NAE.UN) reported that the company has, through a series of transactions, acquired additional acreage in southeast Saskatchewan.
BHP Billiton (BHP.AX)(BLT.L), world’s largest mining company, is planning to drill for gas in South Africa’s West Coast. This project will pursue once they get their permits by August 2010.
David van der Spuy, a resource evaluation manager at Petroleum Agency SA is quoted saying:
“BHP Billiton holds the area on sub-lease under the previous legislation and [...]
Arkanova Energy Corporation (OTCBB: AKVA) reported that they hired Lance Nelson on February 8, 2010 as the Field Manager for the Two Medicine Cut Bank Sand Unit (TMCBSU) in Cut Bank, Montana.
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