Latest Oil news
Green Solution: System Developed To Clean Up Oil And Gas Waste Also Capable Of Generating Reusable Power (OilandGasOnline)
Purestream Technologies, in collaboration with researchers from Utah State University's Research Foundation (USURF) Energy Dynamics Lab (EDL), has developed new technology which allows oil and gas producers an onsite solution for air emissions and waste water
Green Solution: System Developed To Clean Up Oil And Gas Waste Also Capable Of Generating Reusable Power (PRWeb)
Trilogy Offers Environmentally Safe, Affordable Waste Water and Air Emission System (PRWeb Feb 8, 2010) Read the full story at http://www.prweb.com/releases/Purestream_Technologies/produced_water_systems/prweb3574064.htm
Green Solution: System Developed To Clean Up Oil And Gas Waste Also Capable Of Generating Reusable Power (PRWeb via Yahoo! News)
Trilogy Offers Environmentally Safe, Affordable Waste Water and Air Emission System
Arckaringa Basin oil potential (Adelaide Now)
THE oil potential of the Arckaringa Basin will be tested after Linc Energy encountered oil in a recent drilling program.
Proposed oil tax divides education leaders (Contra Costa Times)
A bill by an East Bay legislator would tax oil companies for petroleum extracted in California. Although the proceeds would go to colleges and universities, the devil is in the details for those institutions.
GE Oil & Gas Subsea Upgrade Boosts Angolan Deepwater Oil Production (OilandGasOnline)
GE Oil & Gas, a world leading company in oil and gas advanced technology equipment and services, has successfully completed a subsea equipment upgrade that is helping to increase production in a deepwater oil field off the coast of Angola
Saudi Aramco concludes deals for gas oil (MENAFN)
Saudi Aramco concludes deals for gas oil
Oil steadies near $71 (Reuters via Yahoo! UK & Ireland News)
Oil prices hovered near a seven-week low of about $71 a barrel on Monday as fears about an escalating euro zone debt crisis continued to cast a pall on the market.
TNK-BP to strive for efficiency
New head of joint venture says the company must cut waste and bureacracy as he promises to resist pressure from Russian tycoons
Wijers says Shell has learnt pay lesson
The oil company made a mistake by under-estimating how fast the mood on executive salaries was changing, says the new head of its remuneration committee
Blast at Connecticut power plant kills five
The explosion took place during tests at the gas-fired station, where dozens of construction workers had been on site to complete building
Reliance eyes Canada's Value Creations
The Indian conglomerate is considering buying the troubled Alberta-based oil sands group, in its latest effort to turn global by targeting purchases on the brink of bankruptcy
Moment of truth near in search for Falklands oil
Drilling by four British companies is to begin shortly amid hopes it could transform the disputed territory with a population of just 3,000 into the site of a black gold rush
BG chief forecasts decade of robust growth
Fourth-quarter profits drops at oil and gas group following the fall in gas prices, but the company outlines a programme for growth over the next decade based on recent discoveries in Brazil and a US acquisition
Eni moves to satisfy watchdog
The Italian energy group has offered to sell some €1.5bn of pipeline assets, including its majority stake in the TAG pipeline which brings Russian gas to Italy via Austria
Gazprom consortium hit by weak demand
An oil consortium headed by Russia's Gazprom is considering postponing its vast Shtokman liquefied natural gas project in the Russian Arctic due to depressed global demand
Shell to cut jobs and refining as profits fall
The oil major is to cut 560,000 b/d, or 15%, of its refining capacity and shed a further 1,000 jobs in order to $1bn
Plastics explosion for petrochemical prices
The price of petrochemical commodities, used in making goods from toys to phones, has jumped, providing further evidence of the Asian-led recovery in manufacturing
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GE Oil & Gas Subsea Upgrade Boosts Angolan Deepwater Oil Production (OilandGasOnline)
GE Oil & Gas, a world leading company in oil and gas advanced technology equipment and services, has successfully completed a subsea equipment upgrade that is helping to increase production in a deepwater oil field off the coast of Angola
John Deere Plus-50 II Premium Engine Oil (Midwest Messenger)
John Deere has introduced Plus-50 II Premium Engine Oil for use in high-speed four-stroke diesel engines in heavy-duty agricultural and off-road equipment and lighter duty on-road vehicles.
BG to Start Ordering Equipment for Queensland LNG in Australia (Bloomberg)
Feb. 8 (Bloomberg) -- BG Group Plc , the U.K. energy company planning a $6.9 billion liquefied natural gas project in Australia, intends to start ordering $3 billion in equipment for the venture in Queensland in the first half of the year.
Countdown To Oil Production: 16 Wells Ready (Ghanaweb.com)
Construction works have been completed on 16 out of the 17 wells expected for the first phase commercial oil production scheduled to commence in the country by the last quarter of the year, Nana Boakye Asafu-Adjaye, Chief Executive Officer of Ghana National Petroleum Corporation (GNPC), has said.
Sen. Yaw: DEP soliciting comments on revised oil and gas regulations (The Daily & Sunday Review)
The Department of Environmental Protection (DEP) is soliciting comments on proposed revisions to its existing standards for oil and gas wells, according to Senator Gene Yaw, R-Lycoming. According to DEP, the proposed rule making would incorporate and
CHANGING THE OIL (The Port Lavaca Wave)
Scott Stanfield of Wilke Automotive checks the oil on a vehicle in the shop after draining the older oil and changing the filter. Editor’s note: This is the first in a series of dirty job articles that will be presented by the Port Lavaca Wave.
BP Shareholders Protest Canadian Oil Sands Project (Update1) (Bloomberg)
Feb. 8 (Bloomberg) -- BP Plc shareholders put a resolution to the annual meeting on April 15 for a review of the risks of the company’s Canadian oil sands project, following a similar protest against competitor Royal Dutch Shell Plc.
BP shareholders protest oil sands project (MalaysiaNews.net)
AMSTERDAM -- BP Plc shareholders put a resolution to the annual meeting on April 15 for a review of the risks of the company's Canadian oil sands project, following a similar protest against competito...
Panhandle Oil and Gas Inc. Reports Fiscal First Quarter 2010 Results (PR Newswire via Yahoo! Finance)
PANHANDLE OIL AND GAS INC. today reported financial and operating results for the fiscal first quarter ended December 31, 2009. Â
Panhandle Oil and Gas Inc Reports Operating Results (10-Q) (Guru Focus)
By 10qk. Panhandle Oil and Gas Inc ( PHX ) filed Quarterly Report for the period ended 2009-12-31. Read more » »
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 [...]
EIA: Crude oil inventories rise but gasoline in storage declines
Crude oil prices were unsteady Wednesday as the US Energy Information Administration released its weekly inventories report, but by less than half an hour before the end of floor trade March contracts for West Texas Intermediate crude had dropped 20 cents to $77.03 per barre on the New York Mercantile Exchange, while at last report [...]
US GDP data can’t pull oil prices higher
Crude oil prices fell Friday on a stronger US dollar and despite a new report from the US Commerce Department which showed that the gross domestic product was up 5.7 percent in the fourth quarter of 2009. Despite the gains in the GDP, there is little evidence that energy consumption in the United States is beginning [...]
EIA: Natural gas in storage drops, remains above average levels
The price of natural gas futures dropped in New York trade Thursday after the US Energy Information Administration issued new data showing that while US stockpiles fell last week, they remained above the five-year average. The EIA said that natural gas inventories dropped by 86 billion cubic feet to 2.52 trillion cubic feet last week, 1 [...]
Crude prices fall after inventories report
Crude oil prices were lower Wednesday in the wake of the latest US inventories report from the Energy Information Administration. March contracts for West Texas Intermediate crude rose slightly right after the EIA data was issued, but by just before 2 p.m. in New York WTI for March had dropped $1.49 to $73.22 per barrel on [...]
Crude prices fall again; retail gasoline still high
Crude oil prices fell again Friday, with March contracts for West Texas Intermediate crude down $1.23 to $74.85 per barrel at about half an hour before the close of floor trade on the New York Mercantile Exchange, while March Brent crude was $1.49 percent lower on the ICE Futures Europe exchange in London. Retail gasoline prices, [...]
Crude prices drop despite decline in oil inventories
Crude oil prices fell Thursday even though the US Energy Information Administration reported that crude oil inventories fell last week instead of rising as expected. New data from the EIA showed that US crude oil stockpiles dropped by 400,000 barrels last week, against an expected gain of 2.8 million barrels. Distillates inventories were also down more than [...]
Crude prices drop on economic concerns, equities declines
The price of crude oil fell Wednesday as the US dollar strengthened versus the euro, equities markets fell, and as there were indications that oil demand in China might to be as robust as had been believed. US equities markets dropped on disappointing results from the banking sector and on a drop in new housing starts [...]
EIA: Natural gas stockpiles still above average
Crude oil prices fell slightly Thursday, while prices for natural gas were also lower after the US Energy Information Administration reported that while stockpiles fell last week, they still remain much above average. The EIA issued new data showing that US inventories of natural gas were down by 266 billion cubic feet last week to [...]
