Crude Oil / Petroleum News

RSS

Drilling Program 2012 In Mongolia

Manas Petroleum Corp. is pleased to provide this update on the progress of the exploration program in Mongolia, which is focused on drilling two wells in 2012, through its subsidiary Gobi Energy Partners LLC.

2 Jul 2012

ABB Secures Order to Supply Electrical Systems for Five Drill Ships and Two LNG Carriers

Samsung Heavy Industries has placed an $80 million order to procure electrical power systems, motors, and energy-efficient drives from ABB for two liquefied natural gas (LNG) carriers and five drilling vessels to be constructed at Samsung’s shipyard located in Korea.

From ABB Ltd 2 Jul 2012

Indigo Tests Horizontal Cotton Valley Well Flowing 3,019 BOE Per Day

Indigo Minerals LLC ("Indigo") today announced that it has tested a new horizontal well targeting the Cotton Valley formation in North Louisiana.

2 Jul 2012

Breitburn Energy Partners L.P. Announces Closing Of Acquisition Of Oil Properties In Wyoming For Approximately $93 Million

BreitBurn Energy Partners L.P. announced today that it has completed the acquisition of oil properties located in Park County in the Big Horn Basin of Wyoming for approximately $93 million from Legacy Energy, Inc., a wholly-owned subsidiary of NiMin Energy Corp, subject to post-closing adjustments. The acquisition was originally announced on April 25, 2012.

29 Jun 2012

Sante Fe Petroleum Prepares For Drilling

Baby All Corp. On May 17, 2012, as previously announced, Baby All Corp., a Delaware corporation, changed its name to Santa Fe Petroleum, Inc. ("Santa Fe") with the Secretary of State of the State of Delaware. The name change reflects Santa Fe's business strategy and sole focus of acquisition, exploration, production and development of oil and gas properties. Santa Fe Petroleum will now begin preparing properties for drilling.

28 Jun 2012

OPEC Honors Professor Øystein Noreng with 2012 Research Award

OPEC, the Organization of the Petroleum Exporting Countries, has honored Professor Øystein Noreng from the BI Norwegian Business School with the research award 2012 for his lifetime academic work in the petroleum and energy economics field.

28 Jun 2012

Nexen Announces Achievement Of Two Important Milestones At Long Lake

Nexen Inc. today announced that we have reached two major milestones in our plan to fill the Long Lake upgrader: first oil production from pad 12 and first steam into pad 13.

27 Jun 2012

New Drillship Order Further Strengthens Ensco Ultra-Deepwater Fleet

Given rising customer demand, Ensco plc has exercised one of two options for an additional advanced-capability DP3 ultra-deepwater drillship based on the Samsung GF12000 hull design. The vessel, ENSCO DS-9, will be the seventh Samsung DP3 drillship in the Ensco fleet, extending the benefits of Ensco's fleet standardization strategy. It will be built at the Samsung Heavy Industries, Co. Ltd. (SHI) Shipyard in South Korea, with delivery scheduled for the fourth quarter of 2014.

27 Jun 2012

Cameron Awarded Supply Contract In Iraq Valued At About $100 Million

Cameron has been awarded a supply contract valued at about $100 million by the Rumaila Operating Organization (ROO) in Iraq.

27 Jun 2012

Fieldpoint Petroleum To Begin Drilling Second Well In Lea County, New Mexico - 200 Barrels Of Oil Per Day Hedged At $95 Thru December 31, 2012

FieldPoint Petroleum Corporation announced today that drilling is expected to begin on the East Lusk 15 Federal #2 well in Lea County, New Mexico in July. The Company has an operating agreement with Cimarex Energy Co,www.cimarex.com, to drill this well that targets the Bone Spring formation. The total cost for this well is expected to be approximately $7,000,000, with net cost to FieldPoint of approximately $3,100,000.

26 Jun 2012