Featured Oil Companies

Canacol Energy Updates on Drilling at Rancho Hermoso Field

Canacol Energy Ltd. (TSX:CNE) has updated on its drilling program at Rancho Hermoso Field in the Llanos Basin of Colombia.

Oil Rose 70 Cents on Iran’s Decision to Stop Supply to EU

Reuters reported that oil prices inched up 70 cents over Iran’s forthcoming parliament vote on stopping exports to the European Union.

Chevron Corp. Announces a Lower Quarterly Earning of $5.1 Billion

Reuters reported that Chevron Corp. (NYSE:CVX) has announced a lower quarterly earning due to losses at its U.S. refinery business.

Pennant Energy Inc. Provides Latest Operations Updates

Pennant Energy Inc.(TSXV:PEN) announced operations updates for its Bigstone Montney natural gas project. The Company also announced that surveys have been completed at the property and plans and contracts are in place to construct a 1,5 mile pipeline.

Updates at its Bigstone Montney Project for Blackbird

Blackbird Energy Inc.(TSXV:BBI) announced operations updates for its Bigstone Montney project. The Company reported updates from the first two drill wells and that they are preparing to drill a third well at the project.

Arcan Resources Reports 2011 Production of Over 6,000 Barrels of Oil

Arcan Resources Ltd. (TSXV:ARN) reported 2011 production of over 6,000 barrels of oil equivalent per day.

North America May Be Self-Sufficient in Oil by 2030

Bloomberg reported that according to the Centre for Global Energy Studies, North America may be self-sufficient in oil by 2030 due to rising U.S. domestic production and Canadian output.

Oil Prices Surged $1.72 on Due to a Weaker Dollar

Bloomberg reported that oil prices surged $1.72 on due to a weaker dollar as the U.S. Federal Reserve have decided to keep interest rates low.

Hemisphere Energy to Earn Lands in Jenner Property

Hemisphere Energy Corporation (TSXV:HME) has signed an agreement to start drilling of one horizontal well by March 31, 2012 in order to earn lands in the Jenner area, southeast Alberta.

New World Oil and Gas Obtains a Competent Person’s Report

Yahoo Finance reported that New World Oil and Gas Plc. (LSE:NEW) has obtained a Competent Person’s Report from RPS Energy confirming the prospectivity of the Danica Resources Licence 1/08.

ConocoPhillips Plans to Make New Changes in 2012

CBS reported that ConocoPhillips (NYSE:COP) has planned to make new changes in 2012 after its profit rose 66.1 percent in the fourth quarter.

Forest Oil is Slightly Offset Due to Gas Price Volatility

Zacks reported that Forest Oil Corporation (NYSE:FST) is slightly offset due to gas price volatility inspite of a good portfolio, significant asset base and new production outlook.

Oil Drops 63 Cents Over Fears of Further EU Debt Crisis

Bloomberg reported that oil declined 63 cents as the deadlock between EU lawmakers and Greek bondholders over debt relief raised concern for further crisis.

Solara Exploration Finishes Cardium Horizontal Well at Buck Lake Area

Solara Exploration Ltd. (TSXV:SAA.A) has finished the Cardium horizontal well at 9-22-46-6 W5M in the Buck Lake area of Alberta.

Magnolia Petroleum Reports Significant Results From North Dakota Operations

Magnolia Petroleum Plc (LSe:MAGP) reported significant results from its operations in North Dakota.

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