Simba Energy Inc. (CVE:SMB), is an oil and gas exploration company based in Vancouver, Canada. The Company is the first junior resource company to pursue onshore oil and gas opportunities in the West African region since the 1970’s.
The increasing investment in harder-to-reach oil is often sited as a sign of oil companies' belief in the end of easy oil. Additionally, while it is widely held that increased prices catalyze an increase in production, a growing number of oil insiders are now coming to believe that production is unlikely to increase widely beyond current ranges.
With all of the attention to the petrochemicals industry currently, a recent survey conducted by Resources Investing News has highlighted both oil and natural gas sectors as areas of high interest for investors.
The oil spill liability could extend well beyond British Petroleum as Transocean Ltd., Halliburton Co. and Cameron International Corp. all had some exposure to this series of current events.
Crude oil slipped in New York, paring this week’s gains, after an unexpected surge in initial jobless claims in the U.S. raised concern that fuel demand may slow in the world’s leading energy consumer. Anthony Nunan, an assistant general manager for risk management at Mitsubishi Corp. in Tokyo., stated: People are concerned that we could [...]
The Indian unit of U.K.-listed Cairn Energy PLC declared that it was on the verge of commencing oil production in the western state of Rajasthan. For full story, click here
Cairn India, part of the British oil explorer Cairn Energy, will commence crude oil production from its Mangla oil fields in Barmer, Rajasthan, from the second week this month. Rahul Dhir, chief executive of Cairn India, stated: The company has reached pricing agreements with principal buyers Indian Oil Corp (IOC) and Mangalore Refinery and Petrochemicals. [...]
Marking a milestone in two decades, Cairn India will commence crude oil production from its Rajasthan desert field of Mangala next month, helping the energy-deficit nation cut imports. Cairn CEO Rahul Dhir stated: We are operationally ready to commence oil production in August. For full story, click here
Japan’s Nippon Oil Corp declared that it had filed a lawsuit with the Tokyo District Court, asking for a rejection of the National Tax Tribunal’s findings in January that imposed extra taxes on the refiner on gains from energy derivatives trading. For full story, click here
While 2008 was a year of two extremes, with oil and gas producers experiencing boom and bust all within 12 months and many responding by cutting their capital spending plans for 2009 anywhere from 25% – 35%, they still continue to plan for the future as per to the Canadian Energy Survey released today by [...]
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