Iona Energy Inc. (TSXV:INA) entered into a binding agreement to acquire 58.73 % interest in Block 13/21a containing the West Wick oil field from Centrica Venture Production Company.
Continue reading "Iona Energy to Acquire West Wick From Centrica Venture"
Friday, February 3, 2012
Bloomberg reported that Total SA (NYSE:TOTFP) plans to restart exploration work in South Sudan’s Block B.
Continue reading "Total SA to Restart Work in South Sudan’s Block B"
Friday, February 3, 2012
Bloomberg reported that oil rose 1.5 percent after the U.S. jobless rate dropped.
Continue reading "Oil Rose 1.5 Percent After Improvement in U.S. Job Data"
Thursday, February 2, 2012
New World Oil and Gas Plc (LSE:NEW) reported the Competent Person’s Report received from RPS Energy regarding the prospectivity of the Danica Resources Licence 1/08.
Thursday, February 2, 2012
Bloomberg reported that oil prices fluctuated on concern over falling demand in U.S.
Continue reading "Oil Prices Fluctuated as Demand Falls in US"
Thursday, February 2, 2012
Reuters reported that according to Royal Dutch Shell (NYSE:RDS.A), the global oil refining industry has 6 million barrels per day surplus capacity.
Continue reading "Shell Reports Global Oils Refining Surplus of 6 Million Barrels"
Thursday, February 2, 2012
Midway Energy Ltd. (TSX:MEL) has reported results from the independent reserve evaluation for 2011.
Continue reading "Midway Reports 2011 Reserve Growth Report"
Wednesday, February 1, 2012
Bloomberg reported that crude oil fell 0.6 percent after U.S. crude stockpiles surged and gasoline consumption dropped to a 10-year low.
Continue reading "Oil Drops 0.6 percent as U.S. Stockpiles Rise"
Wednesday, February 1, 2012
Zacks reported that Marathon Oil Corporation (NYSE:MRO) announced weaker fourth quarter 2011 profits.
Continue reading "Marathon Oil Weaker 2011 Q4 Profits"
Wednesday, February 1, 2012
Bloomberg reported that North Sea oil exports shipped to Asia have surged to the highest in the past eight years.
Continue reading "North Sea Oil Exports to Asia at 8-Year High"
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Friday, February 3, 2012