Petrominerales Updates 2011 Capital Program
Petrominerales Ltd. (TSE:PMG), a 65 percent owned subsidiary of Petrobank Energy and Resources Ltd. (TSE:PBG) confirms our 2011 capital and strategic plan.
Articles Tagged "rig"
Oil & Natural Gas Issues Bids to Hire 4 Rigs
India’s biggest oil producer, has invited bids to hire deepwater drilling equipment in an attempt to speed up its delayed exploration plans. For full story, click here
Rig rates down by 10 per cent
The current global credit crisis and an over 63 per cent fall in crude oil prices in the last four months have resulted in oil companies drilling fewer wells in offshore areas. For full story, click here
Benchmark: August 29
Oil prices are being pushed upwards by the impending arrival of tropical storm Gustav in the Gulf of Mexico. Gustav is projected to become “the largest hurricane in the Gulf of Mexico since Katrina”. Workers are already being evacuated from oil and gas rigs in the area, which has pushed up NYMEX oil futures past $117.
Rig shortage in Reliance’s and ONGC’s drilling operations
The lack of availability of rigs prevented Reliance Industries and Oil & Natural Gas Corp (ONGC), two of India’s biggest oil explorers, to benefit from record crude oil prices in the first six months of this year. For full story, click here
