Weak Demand, Oversupply Dampen Oil Price

Weak Demand, Oversupply Dampen Oil Price

Despite tension in the Middle East, oil is still on a downward swing. What impact could the North American market feel from a prolonged oil price decline?

The End of Oil

An examination of what the end of oil could mean for the world.

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Videos

INN VIDEO: Keith Schaefer on High-risk Junior Oil and Gas Plays

At PDAC 2013, Keith Schaefer, editor and publisher of Oil & Gas Investments Bulletin, spoke with INN Editor Vivien Diniz about why junior oil and gas explorers are being pushed into frontier regions, why condensate is important and why oil prices are going to drop this year.

Company News

Super Nova Reports Evidence of Oil Zones at Milford

Super Nova Reports Evidence of Oil Zones at Milford

Super Nova Petroleum (CSE:SNP) announced that it had received initial results from drilling at the company's Eagle #1 well on the company's Milford County property. The results showed evidence of both shallow and deeper oil zones.

TAG Oil to Plug and Abandon Waitangi Valley-1

TAG Oil Ltd. (TSX:TAO,OTCQX:TAOIF) announced that it plans to plug and abandon the surface section of the Waitangi Valley-1 well, which is located in Petroleum Exploration Permit 38348.

Super Nova Closes Private Placement for Over $80,000

Super Nova Closes Private Placement for Over $80,000

Super Nova Petroleum (CSE:SNP) announced it had closed the third tranche of a non-brokered private placement, raising over $80,000. The company issued 791,500 units at CAD$0.05/unit for aggregate gross proceeds of CAD $39,575 and 999,974 units at US$0.05/unit for aggregate gross proceeds of US$49,998.70.

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Company Videos

INN Video: Chris Cooper of Aroway Energy Inc.

Aroway Energy (TSXV:ARW,OTCQX:ARWJF) President & CEO Chris Cooper spoke with Resource Investing News about its unique position in the oil and gas space.

Market News

Kenya Sees Oil Resources Almost Double With Drilling

Kenya expects its estimate of oil resources to almost double to one billion barrels as well-drilling increases and the government proceeds with plans to build an export pipeline.

Crude Oil Falls to 15-month Lows

Benchmark crude oil prices fell to 15-month lows on Monday, which could hasten already falling gas prices.

Oil, Gas Industry Clarity Coming Soon to South Africa

Mining Weekly reported that according to Ngoako Ramatlhodi, South Africa's minister of mineral resources, the country's oil and gas industry should be aware of any potential legislative changes as early as next week.

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