Brumby Labor Government has announced the new areas for oil and gas exploration in Victoria. Peter Batchelor confirmed that five onshore areas in the Gippsland Basin are now included as well as two onshore areas and one offshore area in the Otway Basin. Energy and Resources Minister Peter Batchelor is quoted saying: “We are committed [...]
Thursday, February 18, 2010
Delphi Energy Corp. (TSX:DEE) announced the company's crude oil and natural gas reserves information for the year ended December 31, 2009.
Continue reading "Delphi Energy:oil and natural gas reserves"
Tuesday, May 5, 2009
Crude oil fell on Tuesday, snapping four days of gains, on concern a U.S. government report will show stockpiles climbed from the highest level since September 1990. Crude oil for June delivery declined as much as 77 cents, or 1.4 per cent, to $53.70 a barrel in electronic trading on the New York Mercantile Exchange. Oil is up 21 per cent this year.
Continue reading "Crude oil headed for $71.55 a barrel"
Thursday, April 9, 2009
The global economic slump would not have any effect on the auction of oil and gas exploration blocks under ‘NELP-VIII’ launched on Thursday. For full story, click here
Continue reading "Economic Slump won’t impact auction under NLEP-VIII"
Monday, April 6, 2009
Oil prices vaulted 9 per cent in NY Thursday, in tandem with a powerful stocks rally, as investors cheered G20 agreements to combat the global downturn and an easing of US accounting rules. On Friday, oil prices settled above $52 a barrel, slightly lower on the day after a report that US unemployment in March soared to a 25-year high. But optimism that the economy will soon turn around curtailed losses.
Continue reading "Oil Price Peaks And Slides"
Monday, February 9, 2009
The United States government statement that U.S. employers had slashed over a half million jobs in January, the highest yet in 35 years, lead to crude oil prices dropping just below $41 a barrel, way below the high of $147 a barrel last summer. There is a link between layoffs and the demand on oil, say analysts, as those laid off see no need for the daily commute, and buy less of petroleum products like toys and raincoats.
Continue reading "Oil Price Drops on Job Losses"
Wednesday, January 14, 2009
BP and Reliance Industries signed a production sharing contract for the block KG-DWN-2005/2 with the Indian government. For full story, click here
Continue reading "BP, RIL sign contract to jointly explore in KG basin"
Wednesday, December 24, 2008
BP and Reliance Industries (RIL) on Monday signed a production sharing contract for the block KG-DWN-2005/2 with the Government of India. For full story, click here
Continue reading "BP gets ready to explore the Indian deepwater"
Tuesday, November 25, 2008
ESSAR Exploration & Production (EEPL), a company of private sector conglomerate Essar group, has become the first Indian oil company to enter Australia For full story, click here
Continue reading "Essar Exploration buys 2 Aussie oil blocks"
Friday, November 21, 2008
Turkey’s national oil company will explore for oil and natural gas with the American company in the Black Sea in the near future. For full story, click here
Continue reading "Turkey to explore oil in the Black Sea"
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Monday, May 17, 2010