Commercial Solutions Inc. (TSX:CSA) announced its second quarter financial results for the three-month and six-month periods ended March 31, 2013, and reported revenues of $27.8 million.
Oil Company News Directory
CBM Asia Development Corp. (TSXV:TCF,US:CBMD,FWB:IY2) reported that the non-brokered private placement announced on March 6, 2013 and April 1, 2013 is moving forward.
Victory Energy Corp (OTCQB:VYEY) provided an update on drilling operations for key properties for Auraora Energy Partners, of which Victory owns a 50 percent interest.
Big Sky Petroleum Corporation (TSXV:BSP) reported a successful Q1 of 2013 following the acquisition of two lease blocks and test results from drilling at Wolfberry. Big Sky also provided investors with an update on its plans moving forward in 2013, with plans for expanding its projects in 2013 and conducting a leasing program with the Schleicher Prospect are that will target the highly selective areas for future development.
Bloomberg reported that Imperial Oil Ltd, one of Canada’s biggest oil producers, announced that sales from the C$12.9B Kearl oil-sands project will start in the third quarter. The project is expected to produce 110,000 bpd and grow to 345,000 bpd.
InterOil Corporation (NYSE:IOC) announced that its founder and CEO, Phil Mulacek, will retire effective April 30, 2013 and InterOil Chairman Dr. Gaylen Byker will assume his duties on interim basis until the search for a new CEO is complete.
Bloomberg reported that Pakistan State Oil Ltd posted a 32% decline in its profits for the third quarter as power companies such as Kot Addu Power Co, Hub Power Co., and Karachi Electric Supply Co. delay payment of dues.
BNK Petroleum (TSX:BKX) announced that its previously announced sale by BNK Petroleum US (subsidiary) to XTO Energy Inc. of its Tishomingo Field, Oklahoma assets for US$147.5 million has been closed.
Bloomberg reported that Statoil ASA rose as much as 2.3% after its discovery in the Gullfaks field in the North Sea, which could potentially mean cheaper oil.
Mining Weekly reported that BP Plc announced it was delaying Mad Dog Phase 2 project in the Gulf of Mexico due to rising costs.