Iona Energy Inc. (TSXV:INA) entered into a binding agreement to acquire 58.73 % interest in Block 13/21a containing the West Wick oil field from Centrica Venture Production Company.
Bloomberg reported that Total SA (NYSE:TOTFP) plans to restart exploration work in South Sudan’s Block B.
Bloomberg reported that oil rose 1.5 percent after the U.S. jobless rate dropped.
Bloomberg reported that oil prices fluctuated on concern over falling demand in U.S.
Reuters reported that according to Royal Dutch Shell (NYSE:RDS.A), the global oil refining industry has 6 million barrels per day surplus capacity.
Midway Energy Ltd. (TSX:MEL) has reported results from the independent reserve evaluation for 2011.
Bloomberg reported that crude oil fell 0.6 percent after U.S. crude stockpiles surged and gasoline consumption dropped to a 10-year low.
Zacks reported that Marathon Oil Corporation (NYSE:MRO) announced weaker fourth quarter 2011 profits.
Bloomberg reported that North Sea oil exports shipped to Asia have surged to the highest in the past eight years.
Gallic Energy Ltd. (TSXV:GLC) has planned to alter its current snubbing unit to a drilling rig on the Ossun-2 well, Aquitaine Basin in Southern France.
Friday, February 3, 2012