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Statoil Agrees to Sell 40% Interest in Canadian Oil Sands Project to PTT Exploration

Statoil (OSE: STL, NYSE: STO) has agreed to sell a 40% interest in its oil sands project in Alberta, Canada to PTT Exploration and Production of Thailand.

23 Nov 2010

RPT Resources Signs Letter of Intent with ArPetrol

RPT Resources Ltd. (TSX VENTURE:RPT) has announced that, following a period of negotiations, it has entered into a letter of intent dated as of November 19, 2010 which contemplates an arm's length business combination with ArPetrol Inc.

23 Nov 2010

Northern Offshore Receives Termination Program Notice from Vietgazprom

Northern Offshore, Ltd. (Oslo Bors: NOF.OL) reported today that the company received notice from Vietgazprom that they will not proceed with the fifth and final well of the five-well drilling program offshore Vietnam.

22 Nov 2010

Growing Concern from Europe on Future Supply of Raw Materials

The European Union is seeing the shortage of raw materials as a major risk for the global economy as demand begins to exceed supply. European Union trade chief Karel De Gucht said that no country possessed all the raw materials that it needed.

21 Nov 2010

FEI Releases New Website to Focus on Mining and Oil+Gas Industries

FEI Company (Nasdaq:FEIC), has launched a website for natural resources as part of an increased focus on the mining and oil & gas industries.

15 Nov 2010

BMB Munai Commences Oil Production at Kariman-3 Well

BMB Munai, Inc. (NYSE Amex: KAZ) announced today that oil production has commenced from a directional wellbore, drilled on the Kariman-3 well.

11 Nov 2010

New Well Design Yeilds Significant Production Results for Halek Energy

The Marble Falls limestone formation in Jack County, Texas, is yielding strong results for Halek Energy, LLC, an independent oil and gas exploration and production company based in Southlake, Texas.For the first full mon...

4 Nov 2010

Park Place Energy Forms Unit to Hold Interest in Vranino Block in Bulgaria

Park Place Energy Corp. has announced that the Company has created a subsidiary, PetroBulgaria Energy Inc. to hold its interest in the Vranino block in Bulgaria.

3 Nov 2010