Asia’s top refiner, Sinopec reported that it is considering adding four large commercial storage facilities capable of holding a total of 8 million tonnes of refined oil products, to boost its supply capacity. For full story, click here
Read the full article: "Sinopec looking forward to add commercial..."
Tuesday, March 31, 2009
State-run Hindustan Petroleum Corporation Ltd and Mangalore Refineries, a subsidiary of government-owned ONGC have been nominated by the petroleum ministry for purchase of the early production of crude oil by Cairn India, a subsidiary of UK based explorer Cairn Energy Plc. For full story, click here
Read the full article: "HPCL and MRPL nominated for Cairn’s..."
Tuesday, March 31, 2009
South Texas Oil Company reported year-end 2008 financial and operating results. For full story, click here
Read the full article: "South Texas oil company reported year end..."
Tuesday, March 31, 2009
Resaca Exploitation Inc., the oil and gas exploration and production company with interests in the Permian Basin in the USA, announced mixed results for the six month period ended 31 December 2008. For full story, click here
Read the full article: "Reseca Exploitation gained from oil and gas..."
Tuesday, March 31, 2009
Cairn Energy, the British oil exploration firm with large drilling interests in India, reported that it has swung into an operating profit during 2008 after a loss the previous year. Cairn chairman Norman Murray stated: The focus in 2009 is delivering production in Rajasthan on schedule and agreeing oil sales contracts with the buyers of [...]
Read the full article: "Cairn Energy announced operating profits"
Tuesday, March 31, 2009
Crude oil surged, set for the biggest monthly gain since June, as some traders considered yesterday’s 8 percent plunge excessive and a weaker U.S. dollar bolstered the appeal of commodities. For full story, click here
Read the full article: "Crude oil soars, set for biggest monthly..."
Monday, March 30, 2009
Berens Energy Ltd. filed its audited consolidated financial statements and accompanying notes for the year ended December 31, 2008. For full story, click here
Read the full article: "Berens Energy filed audited results for year..."
Monday, March 30, 2009
Pyramid Petroleum Inc. today annouced that it is offering a covertible debenture with an interest rate starting at 12% convertible at $0.85 per share. Research Capital Corp. has been named the lead agent and will be targeting to raise between $15 and $20 million.
Read the full article: "Pyramid Tops Up with Convertable Debenture"
Monday, March 30, 2009
Enterra Energy Trust reported its financial and operating results for the year ended December 31, 2008. For full story, click here
Read the full article: "Enterra Energy declared financial results..."
Monday, March 30, 2009
U.K. stocks dipped for a second day as the Obama administration warned some banks will need more government aid and weaker commodities prices pushed mining and crude oil shares lower. For full story, click here
Read the full article: "U.K stocks dip for second day, crude oil..."
The Crude Oil Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
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Tuesday, March 31, 2009