PetroBakken Energy Ltd. (TSX:PBN) announced the company’s 2012 reserves and operational report.
Articles Tagged "oil reserves"
Reuters reported that the International Energy Agency may intervene in the oil market by calling for a release of emergency oil reserves.
Reuters reported that the National Oil Corporation of Kenya and Japan Oil, Gas and Metals National Corporation have signed an agreement to evaluate Kenya's onshore petroleum reserves.
Primary Petroleum Corporation (CVE:PIE) reports that it has entered into a Seismic and Farmout Agreement with Nextraction Energy Corp. (CVE:NE) whereby it can earn an interest in Primary's 20,000 acre Saturn Prospect, Daniels County, Montana.
Tethys Petroleum Limited (TSE:TPL) reports that the company has received Kazakh State approved oil reserves for its Doris (AKD01) oil discovery in Kazakhstan.
Although there are more than 40,000 oil and gas fields of all sizes in the world, slightly less than 80 percent of the proven reserves are concentrated in eight countries, of which only Canada and Russia are not OPEC members.
Gold may be taking off right now, but it's not the only thing in an uptrend. Energy is also moving higher. The considerable drop of investment in oil exploration and production is, however, set to bring the risk of oil prices hike in the future. In Iraq, a different picture is playing out.