Crude Oil / Petroleum News

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Conventional Production, Oil Sands Projects Underpin Strong Crude Oil Forecast

Canadian crude oil production will more than double to 6.2 million barrels per day by 2030 from three million barrels per day in 2011, according to CAPP's 2012 Crude Oil Forecast, Markets and Pipelines Outlook.

5 Jun 2012

Clean-Up Work Made On A Small Amount Of Oil Leak At Penglai 19-3 Oilfield

CNOOC Limited announced today that the Company received a report from ConocoPhillips China Inc. ("COPC"), the Operator of Penglai 19-3 oilfield, stating that a small amount of oil leaked to the sea when the safety device of a hose coupling automatically parted due to the abnormality during the oil transfer under fluid discharge and depressurization operation late night on June 3, 2012.

5 Jun 2012

Clariant Oil Services' Technology Center In Brazil Will Increase R&D For The Oil And Gas Industry In Latin America

The Technology Center set up by Clariant Oil Services, a global leader in the provision of customized specialty chemicals and related services for the oil and gas industry worldwide, will reinforce the company's activities aimed at generating the research and development of solutions to help the sector overcome the countless challenges of new exploratory frontiers in deep waters.

5 Jun 2012

Boyla and Lundin Petroleum AB Submit Development Plan

The plan for development and operation (PDO) of the Bøyla field has been submitted by the Bøyla partners and Lundin Petroleum AB. The latter submitted the plan through its sister company, Lundin Norway AS. The Bøyla field is situated in block 24/9 in the Norwegian sector of the North Sea about 28 km south of the Alvheim Field.

5 Jun 2012

UK-Turkey Investment Opportunities In Iraq

As Iraq starts to recover after civil unrest now is the time for the international community to understand the current issues which will help mould the country's future through investment. At the Pre-Forum Executive Briefing of the Caspian Gas Forum, the UKTI in partnership with Gastech Specialist Events will focus on the current business landscape and how achievable it will be for the oil and gas production targets to be met.

1 Jun 2012

Eco Atlantic Receives The Ministerial Approval To Farm Out 20% Of Its Licenses Offshore Namibia To Technical Partner

Eco (Atlantic) Oil & Gas Ltd. is pleased to announce that Namibia's Minister of Mines and Energy has approved today, the assignment pursuant to the Farm-out Agreement with Azimuth Ltd. ("Azimuth") of Hamilton, Bermuda, an exploration and production company backed by majority-owner Seacrest Capital Ltd. and Petroleum Geo-Services ASA ("PGS"), (Farm-Out Agreement announced on April 12, 2012).

1 Jun 2012

Research Shows Impacts of Petroleum Activities in Norway

Research has been conducted for over 10 years on Norwegian Oil recovery and that has provided a significant knowledge.base.

31 May 2012

Chile's National Energy Commission Looks To Argus For Energy Price Information

The Chilean National Energy Commission (CNE) has decided to switch its data provider for energy markets to leading energy and commodity price reporting agency Argus. The CNE will use Argus for all of its crude oil, petroleum products, biofuels, LPG and freight information from 23 May 2012.

26 May 2012

Enerjex Resources Announces A 50% Increase In Oil Production From Its Mississippian Project

EnerJex Resources, Inc., a domestic onshore oil company, announced today that it has completed 7 new oil wells and 1 new secondary recovery water injection well in its Mississippian Project located in Southeast Kansas. Year-to-date, the Company has drilled 12 new oil wells and 1 new injection well with a 100% success rate. Nine of the 12 new oil wells have begun producing and the remaining wells are expected to be placed online in the near term.

25 May 2012

Wavefront Technology Solutions Believes In Drilling Less And Recovering More, In Energy Digital

This month, Energy Digital discusses Wavefront Technology Solutions' revolutionary PowerWave technology and its potential to increase oil supplies in the US more than proposals for the pursuit of oil sands.

24 May 2012