On Thursday, U.S. independent refiner Sunoco Inc (SUN.N) reported that planned turnarounds at its refineries in Marcus Hook, Pennsylvania, and Toledo, Ohio will probably reduce production in the first quarter of 2010.
Continue reading "Sunoco’s Q1 output"
Friday, February 5, 2010
National Fuel Gas Co (NFG.N) announced their first-quarter profit that beat market expectations, helped by rise in production of crude oil and natural gas, and raised its 2010 earnings and production outlook.
Continue reading "National Fuel Gas Q1 profit report"
Thursday, February 4, 2010
Husky Energy Inc. (TSX:HSE) announced net earnings in the fourth quarter of 2009 were $320 million or $0.38 per share (diluted), compared to $231 million or $0.27 per share (diluted) in the same period of 2008.
Continue reading "Husky Energy Reports 2009 Fourth Quarter"
Thursday, February 4, 2010
Petrominerales Ltd. (TSX:PMG), a 66% owned subsidiary of Petrobank Energy and Resources Ltd. (TSX:PBG), updated on production and exploration activities highlighted by the decision to case Candelilla-2 as a potential oil well and to immediately drill a third well into the Candelilla structure.
Continue reading "Petrominerales update"
Wednesday, February 3, 2010
The MarketOracle presents a forecast of Crude Oil and Natural Gas in 2010:
Continue reading "Forecast of Crude Oil and Natural Gas in 2010"
Wednesday, February 3, 2010
The Financial Times reported on Tuesday that Nigeria plans to sell oilfield assets this year containing as much as 2 billion barrels of reserves either relinquished by Western firms or unsold in three previous bidding rounds.
Continue reading "Nigeria plans to sell oilfield assets this year"
Wednesday, February 3, 2010
On Wednesday, it was reported that the daily output at Iran's Azadegan oil field has reached 40,000 barrels per day (bpd) and will soon hit 50,000 bpd.
Continue reading "Iran’s Azadegan oil field output at 40,000 bpd"
Tuesday, February 2, 2010
Pyramid Oil Company (NYSE Amex: PDO) reported that the company has concluded drilling operations on its Anderson #10 development well, located in the Company's Carneros Creek field in Kern County, California.
Continue reading "Pyramid Oil completes drilling at Anderson#10 well"
Tuesday, February 2, 2010
Universal Energy Corp. (PINKSHEETS: UVSE) reported that the company is taking steps to resume trading of its common shares on the OTCBB.
Continue reading "Universal Energy update"
Monday, February 1, 2010
On Friday, U.S. crude futures ended down, raking up the biggest monthly percentage loss since December 2008.
Continue reading "Crude ends down 8 percent in Jan"
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Friday, February 5, 2010