Aminex is now in its third decade as an oil exploration vehicle but finally there are signs that the long-promised uplift in its production profile may be about to happen. For full story, click here
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"
Wednesday, April 29, 2009
Americas Petrogas Inc. announced that the early production facilities required to initiate long term production testing from the three wells drilled by the Company in 2008 on the 106 sq. km. For full story, click here
Continue reading "Americas Petrogas declared operations update"
Monday, April 27, 2009
Reliance Industries has resumed crude oil production from its predominantly gas-rich KG-D6 block after more than a month-long planned shutdown for connecting new wells. For full story, click here
Continue reading "Reliance resumed crude oil production from KG-D6 block"
Friday, April 10, 2009
Compton Petroleum Corp. announced that it has sharply cut capital spending for 2009 and revised its average daily production guidance downwards to between 20,500 and 21,500 oil-equivalent barrels per day. For full story, click here
Continue reading "Compton Petroleum revised 2009 production guidance"
Thursday, March 19, 2009
Chinese main offshore crude oil firm CNOOC Ltd announced that it has commenced production from its Bozhong 28-2S oil field with 4,000 barrels of oil per day via four wells. For full story, click here
Continue reading "CNOOC commenced new Baohai field production"
Monday, March 16, 2009
The Centre for Monitoring Indian Economy reported that crude oil output is likely to climb by 4.8 per cent touching 36.14 million tonnes in the next fiscal, riding on the back of oil production by Reliance Industries from its KG D6 wells coupled with capacity addition by other private and joint venture firms. For full [...]
Continue reading "Crude oil output likely to go up"
Sunday, March 15, 2009
Crude prices dipped in most international oil markets after OPEC decided not to change production levels in its Sunday meeting in Vienna. OPEC President, Jose Maria Botelho de Vasconcelos, said: We need to adhere and then in May we can look if other measures can be taken. For full story, click here
Continue reading "Crude prices dip after OPEC meeting"
Thursday, March 12, 2009
Reliance Industries announced that it has resumed crude oil production from its predominantly gas-rich KG-D6 block after a three-month shutdown, which was forced by an equipment failure. For full story, click here
Continue reading "Reliance Industries resume crude oil production"
Monday, March 9, 2009
Brazil’s crude oil major Petrobras, due to additional output from new production facilities, reported that it touched a company production record of 2,012,654 b/d on Mar. 4, surpassing by 12,420 b/d its previous high mark set on Dec. 25, 2007. For full story, click here
Continue reading "Petrobras production facilities boost output to record level"
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Thursday, June 11, 2009