Latest Oil news
Alaska panel to hear bill splitting oil, gas taxes (AP via Yahoo! Finance)
A bill that would change Alaska's system of taxing oil and gas production together got its first hearing Tuesday, with consultants giving the Senate Finance Committee a rundown on the separation of the two.
MicroSeismic, Inc. Announces Completion of World's Largest Buried Array in Williston Basin for Whiting Oil & Gas ... (Business Wire via Yahoo! Finance)
HOUSTON----MicroSeismic, Inc. , a leading geophysical service company providing 3-D passive seismic imaging for energy exploration and production, today announced that it has completed installation of a Buried Array system in the Williston Basin’s Sanish Field for Whiting Oil & Gas Corporation, the wholly-owned subsidiary of Whiting Petroleum Corporation .
GE Oil & Gas Power Generation And Subsea Equipment Wins Bring Gorgon Project Awards To Over $1.1B (OilandGasOnline)
GE Oil & Gas technology has again been selected to support the development of Gorgon, one of the world's largest untapped natural gas fields, which also features one of the world's largest ever carbon-dioxide (CO2) sequestration technology projects
NRG Energy to get up to $154M from government to install carbon dioxide capture system (Dallas Morning News)
NRG Energy Inc. won up to $154 million in funding from the Department of Energy to install a system to capture carbon dioxide from a coal-fired power plant.
Two oil firms expand staffs (Cody Enterprise)
Leased space in the Park County Complex for five commercial tenants and the library administrative offices will be emptied soon to make room for more than a dozen new jobs at two oil companies.
Russia plans new oil link to feed Asian pipeline (Reuters via Yahoo! Philippines News)
* $1.34 bln link to speed up oil delivery to China
Offshore oil slug controller is a first (PhysOrg)
(PhysOrg.com) -- An offshore slug flow control system that could save millions lost in oil production each year has won the 2010 East of England Energy Group (EEEGR) Innovation Award.
OPEC Raises Forecast for Oil Demand on Lower NGL Estimate (Bloomberg)
March 10 (Bloomberg) -- The Organization of Petroleum Exporting Countries said it will need to pump more crude than previously forecast this year after cutting its outlook for production of natural gas liquids.
Tullow nears Uganda tie-up with Total and CNOOC
FTSE 100 oil group upgrades forecasts for Ghana project as it reports sharp fall in pre-tax profits due to lower production volumes and falling commodity prices
Chevron to cut 2,000 jobs
Chevron, the US' second biggest oil company, said it will cut a further 2,000 positions in its refining and marketing division as it reduces its global downstream workforce by 3,900 employees or about 20 per cent over two years
Welsh oil refinery sale spurs job fears
Chevron is to sell a petrochemicals refinery in Pembroke that employs 1,400 people, a move which it says reflects overcapacity in refining and its aim of locating more production in Asia
World leader chooses well-placed partner
Royal Dutch Shell's move on Arrow Energy is an important step forward in the company's development of Australia's coal bed methane
Shell and PetroChina offer to buy Arrow
Royal Dutch Shell and PetroChina move to take a lead role in Australia's burgeoning coal-bed methane gas sector after making a joint offer for Brisbane-based Arrow Energy
Petrofac doubles order backlog
The oil services group reports a 25 per cent jump in full-year pre-tax profits and says it is eyeing a chunk of $200bn (£131bn) of engineering contracts likely to be awarded in its key Middle East and African markets in the next two years
EnQuest sees open waters ahead
The newly created explorer is debt-free and has a good cash flow, so acquisitions are just a matter of time, says Miles Johnson
Arrow Energy
Only very rarely do international oil companies team up with state-owned national oil companies to buy fully-formed public companies
Energy investment at risk, report warns
Uncertainty over energy policy and the regulatory framework could cause an 'investment hiatus' that would lead to strain on the electricity system later in the decade
Fuel cut ignites debate on punishing Tehran
The decision by the world's largest oil traders, to stop supplying Iran with petrol ahead of any tightening of US sanctions will test the arguments of those who disagree about the impact of such punitive measures
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GE Oil & Gas Power Generation And Subsea Equipment Wins Bring Gorgon Project Awards To Over $1.1B (OilandGasOnline)
GE Oil & Gas technology has again been selected to support the development of Gorgon, one of the world's largest untapped natural gas fields, which also features one of the world's largest ever carbon-dioxide (CO2) sequestration technology projects
Recon Technology Secures $1.2M in New Equipment and Chemical Orders for Chinese Oil and Gas Fields (PR Newswire via Yahoo! Finance)
Recon Technology, Ltd. , a leading Chinese non-state-owned oil and gas automation services provider, announced today that it has received approximately $1.2 million in four new equipment and chemical orders from China National Petroleum Corporation .
Oil And Gas Manufacturing Mechanical Design Engineer (Rigzone)
200 character limit. An oil and gas advanced technology equipment and services company is currently looking to recruit a Senior Machinery Engineer - Manufacturing to be based in Houston, Texas.
Terra Energy Resources, Ltd. Announces Final Negotiations for Acquisition of Pennsylvania Oil Terminal for Production ... (PR Newswire via Yahoo! Finance)
Terra Energy Resources, Ltd. announced today the final negotiations for the acquisition of an oil terminal located in western Pennsylvania. The acquisition will include land, buildings and equipment.
Carrizo Oil & Gas, Inc. Announces Record Production in Fourth Quarter and Annual 2009 Financial Results (Marketwire)
HOUSTON, TX--(Marketwire - March 10, 2010) - Carrizo Oil & Gas, Inc. ( NASDAQ : CRZO ) today reported the Company's financial results for the fourth quarter of 2009, which included the following highlights:
Area businesses are suppliers for oil mining operation (La Crosse Tribune)
Two local businesses supply equipment for oil sands mining innorthern Alberta.
Iraq Oil Boom on the Horizon (Kiplinger.com)
Seven years after Saddam's fall, Iraqs government is finally able to plan the development of new oil fields.
Enfora and Smart Management Collaborate on Supply Chain Asset Tracking & Management for the Oil & Gas Industry (Business Wire via Yahoo! Finance)
RICHARDSON, Texas----Enfora, a provider of intelligent wireless networking solutions, and Smart Management, a leader in automating supply chain management for oil and gas, today announced a joint initiative to enable the wireless tracking and monitoring of assets and equipment in the oil & gas supply chain.
Carrizo Oil & Gas, Inc. Announces Record Production in Fourth Quarter and Annual 2009 Financial Results (Marketwire via Yahoo! Finance)
HOUSTON, TX--(Marketwire - 03/10/10) - Carrizo Oil & Gas, Inc. (NASDAQ: CRZO - News ) today reported the Company's financial results for the fourth quarter of 2009, which included the following highlights: Results for the Fourth Quarter 2009 -- Record Production of 8.7 Bcfe, or 94,390 Mcfe/d Revenue of $37.5 million or Adjusted Revenue of $50.6 million, including the impact of realized hedges ...
John Brusniak Alerts Oil and Gas Industry Executives to Crucial Property Tax Cases Pending in Courts (PRWeb)
Nationally renowned property tax attorney serves as featured speaker to Texas Oil and Gas Association Conference in San Antonio (PRWeb Mar 10, 2010) Read the full story at http://www.prweb.com/releases/2010/03/prweb3684274.htm
Oil jobs at risk in Chevron sale
Chevron, which is the second biggest US oil company, announced today it is looking for a buyer for its refinery in Pembrokeshire. The oil giant, which owns the Texaco filling stations brand, is allowing up to two years for the sale but has told Sky News today that it could not rule out shutting the plant [...]
Oil prices hit $82.41 extending last week’s gains
Positive economic data has resulted in a rise in US crude oil today to $82.41 extending last week’s gains. Oil has risen by 18% since early February since investors have become more optimistic that an improvement in the global economy would increase demand for oil. Meanwhile, Brent North Sea crude for April rose 73 cents to $80.62 [...]
Crude prices gain despite higher US inventories
The US Energy Information Administration reported Wednesday in its weekly inventories report that crude oil in US storage added 4.1 million barrels last week to 341.6 million barrels, above the expected build of 1.1 million barrels but 3.7 percent below stockpiles last year at this time. Additionally, the EIA said that gasoline inventories were up by [...]
Crude prices gain on better sentiment
Crude oil prices were higher Tuesday as investors were more optimistic that a plan to help the Greek economy will be forthcoming soon. Additionally, there were hopes that demand will improve, while the US dollar weakened to make oil less expensive for buyers making purchases with other currencies. The Energy Information Administration’s weekly US inventories report is [...]
Crude oil prices rise despite gains in US inventories
Crude oil prices were higher Thursday even after the US Energy Information Administration reported that crude inventories added 3.1 million barrels last week, up more than the expected gain of 1.65 million barrels. At around 1 p.m. in New York, March contracts for West Texas Intermediate crude were up 83 cents to $78.16 per barrel on [...]
Crude prices up but US retail gasoline still falling
Crude oil prices were higher Tuesday after a new report showing that manufacturing activity is on the rise in the New York region and on a weaker US dollar that made purchases in other currencies cheaper for buyers. In midday trade in New York, March contracts for West Texas Intermediate crude had added $2.82 to $76.95 [...]
Crude oil prices down on inventories, new China bank rules
Crude oil prices fell in New York after the US Energy Information Administration said that stockpiles of both crude oil and gasoline jumped more than expected last week, and on another increase in how much cash the Chinese government will require banks to keep in reserve as a way to curb lending there. In a report [...]
Crude oil gains in New York after early declines
The price of crude oil was up slightly in New York in afternoon trade on Wednesday as March contracts for West Texas Intermediate crude added 67 cents to $74.42 per barrel on the New York Mercantile Exchange less than half an hour before the close of floor trade. Earlier, in late morning trade, March contracts were [...]
Bad weather in US raises oil prices
Crude oil prices were higher Monday as much of the East Coast of the United States tried to recover from a storm that brought several feet of new snow to some areas and ahead of another storm which is expected to bring even more snow and cold weather. The National Weather service has forecast below normal [...]
WTI, Brent crude drop more than $4 per barrel on session
Crude oil prices were much lower Thursday after the US Labor Department reported that first-time unemployment claims were up last week to 480,000, their highest level in seven weeks. March contracts for West Texas Intermediate crude was down $4.31 to $72.67 per barrel near the close of floor trade on the New York Mercantile Exchange, while [...]
