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Latest crude oil Stories

2014-04-30 23:16:48

A new series of six market studies from Flow Research finds that both oil production and measurement of petroleum liquids are on the upswing worldwide. Driving forces include the high cost of crude oil, the need for energy in the Asia Pacific region, and expanded oil exploration and production activities worldwide. Wakefield, MA (PRWEB) April 30, 2014 A new series of six studies from Flow Research finds that the fast-growing worldwide market for flowmeters used for measurement of...

2014-04-29 08:25:56

SAN ANTONIO, April 29, 2014 /PRNewswire/ -- Valero Energy Corporation (NYSE: VLO, "Valero") today reported net income attributable to Valero stockholders of $828 million, or $1.54 per share, for the first quarter of 2014 compared to $654 million, or $1.18 per share, for the first quarter of 2013. First quarter 2014 operating income was $1.4 billion versus $1.1 billion in the first quarter of 2013. Increases in operating income in the refining and ethanol segments were partly...

2014-04-23 20:21:01

New price marker to reflect expanding crude-by-rail market for Bakken HOUSTON, April 23, 2014 /PRNewswire/ -- Platts today announced it has expanded its North American shale crude oil offering to include an assessment of value nearest the Bakken crude wellhead in the Williston Basin. The new price assessment captures the value of Bakken crude oil from the Bakken shale formation at the point where there is transportation flexibility- either by rail or pipeline. On April 23, 2014,...

2014-04-13 23:00:28

Kurdistan region 'Iraq', — Iraq's largely autonomous Kurdistan region opened the doors to a joint venture refinery operation between Black Diamond Oil Co. and the Rezhwan Co. The new oil refinery will start refining Taq Taq crude oil next week with 1,500 tons being refined on a daily bases. Erbil Kurdistan (PRWEB) April 13, 2014 Kurdistan region 'Iraq', — Iraq's largely autonomous Kurdistan region opened the doors to a joint venture refinery operation between...

2014-04-08 23:21:48

Over the past five years, revenue for the Petroleum Refining industry has been volatile in line with fluctuations in crude oil; however, revenue is projected to fare better over the next five years as the economic recovery accelerates in the United States, the main trading partner for industry firms, though overall refining capacity is forecast to only marginally increase due to restrictive environmental laws, limiting overall industry growth. For these reasons, industry research firm...

Deepwater Horizon oil spill
2014-03-26 05:02:48

redOrbit Staff & Wire Reports - Your Universe Online Crude oil from the 2010 Deepwater Horizon disaster has been causing heart abnormalities in some large marine fish, according to research appearing Tuesday in the journal Proceedings of the National Academy of Science. In the study, researchers from the US National Oceanic and Atmospheric Administration (NOAA) and colleagues from American and Australian universities say the 200 million gallons of petroleum that spilled into the...

2014-03-20 08:23:03

CALGARY, March 20, 2014 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that we have filed on SEDAR our audited financial statements and related Management's Discussion and Analysis ("MD&A") for the year ended December 31, 2013. Selected financial and operational information is outlined below and should be read in conjunction with Whitecap's audited financial statements and related MD&A and Annual Information Form ("AIF")...

2014-03-18 16:21:15

CALGARY, March 18, 2014 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", the "Company", "We" or "Our") (TSX, NYSE: VET) is pleased to announce that we have entered into an arrangement agreement (the "Arrangement") with a private southeast Saskatchewan producer ("Privateco") for total consideration of $400 million, comprised of cash and share consideration of $345 million (the "Purchase Price") plus the assumption of $55 million in debt. Under the terms of the Arrangement,...

2014-03-13 08:23:40

TORONTO, March 13, 2014 /PRNewswire/ - Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) (BOVESPA: PREB) announced today the release of its audited consolidated financial results for the full year and quarter ended December 31, 2013, together with its Management Discussion and Analysis ("MD&A"). These documents will be posted on the Company's website at www.pacificrubiales.com, SEDAR at www.sedar.com, the SIMEV website at www.superfinanciera.gov.co/web_valores/Simev, and the...

2014-03-13 04:20:30

TSX, NYSE MKT: BXE CALGARY, March 13, 2014 /PRNewswire/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) announces its financial and operating results for the year ended December 31, 2013. Forward-Looking Statements This press release, including the report to shareholders, contains forward-looking statements. Please refer to our cautionary language on forward-looking statements and the other matters set forth at the beginning of the...


Word of the Day
barratry
  • The offense of persistently instigating lawsuits, typically groundless ones.
  • An unlawful breach of duty on the part of a ship's master or crew resulting in injury to the ship's owner.
  • Sale or purchase of positions in church or state.
This word ultimately comes from the Old French word 'barater,' to cheat.
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