Latest crude oil Stories
TSXV Trading Symbol: MVN CALGARY, Dec. 18, 2012 /PRNewswire/ - Madalena Ventures Inc. and its wholly owned subsidiary Madalena Austral SA ("Madalena" or the "Company"), is pleased to provide an update on its drilling operations in the Neuquén basin, Argentina. On the Coiron Amargo Block (35% working interest), the CAN-8 development well located 800 meters south east of the existing CAN 7 oil producer on the northern portion of the block (i.e. Coiron Amargo Norte), has been...
TSX, NYSE MKT: BXE CALGARY, Dec. 12, 2012 /PRNewswire/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) is pleased to announce that average production in the month of November 2012 (based on field estimates) averaged 19,600 barrels of oil equivalent per day (boe/d) and that it has completed its mid-year review of its 2012 credit facilities and provides an update of its recent commodity price risk management activities. Bellatrix continues to...
SALT LAKE CITY, Dec. 12, 2012 /PRNewswire/ -- Geo Point Technologies, Inc. (GNNC) announced today that it is in continuing negotiations on a non-binding Letter of Agreement to acquire RTS Oil LLP (RTS) of the Republic of Kazakhstan. RTS currently provides Sinur Oil LLP, a wholly-owned subsidiary of GNNC, high quality crude oil for processing at its refinery in Karatau. The acquisition is subject to normal and customary due diligence and the completion of an audit of RTS that...
HOUSTON, Dec. 6, 2012 /PRNewswire/ -- Noble Energy, Inc. (NYSE: NBL) today announced its 2013 capital program and guidance, and provided updates to the fourth quarter of 2012. Total capital expenditures are estimated at $3.9 billion for the year. The capital program allocates 60 percent to onshore U.S., six percent to the deepwater Gulf of Mexico, 15 percent to West Africa and 10 percent to the Eastern Mediterranean. Global exploration and appraisal activity is expected to...
Lawrence LeBlond for redOrbit.com - Your Universe Online The United States has been relying on crude oil for more than a century. While it has played a vital role in driving modern innovation—transportation, plastics, detergents and even clothing—crude oil has also contributed to dangerous global warming. With the burgeoning threat of climate change, researchers from Princeton have outlined how the US could end reliance on petroleum and move to synthetic fuels. The US could use a...
TULSA, Okla. and LOS ANGELES, Nov. 19, 2012 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) ("Magellan") and Occidental Petroleum Corporation (NYSE: OXY) announced today that they are proceeding with the construction of the previously announced BridgeTex Pipeline to transport Permian Basin crude oil from Colorado City, Texas to the Houston Gulf Coast area. The BridgeTex Pipeline is supported by long-term transportation commitments received during its recent successful...
TSX, NYSE MKT: BXE CALGARY, Nov. 8, 2012 /PRNewswire/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) announces its financial and operating results for the three and nine months ended September 30, 2012. 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...
CALGARY, Nov. 6, 2012 /PRNewswire/ - Pembina Pipeline Corporation ("Pembina") (TSX: PPL; NYSE: PBA) today announced plans to significantly expand its natural gas liquids ("NGL") and crude oil and condensate throughput capacity on its Peace and Northern Pipeline Systems by an additional 108,000 barrels per day ("bpd"). These expansions are expected to accommodate increased volumes associated with higher customer demand due to strong drilling results and increased field liquids...
DALLAS, Nov. 5, 2012 /PRNewswire/ -- Alon USA Energy, Inc. (NYSE: ALJ) ("Alon") today announced results for the third quarter of 2012. Net income for the third quarter of 2012 was $43.2 million, or $0.76 per share, compared to net income of $28.6 million, or $0.51 per share, for the same period last year. Excluding special items, Alon recorded net income of $47.6 million, or $0.84 per share, for the third quarter of 2012, compared to net income of $39.0 million, or $0.70 per...
SUGAR LAND, Texas, Nov. 5, 2012 /PRNewswire/ -- CVR Energy, Inc. (NYSE: CVI), a refiner and marketer of petroleum fuels and the majority owner in nitrogen fertilizer manufacturer CVR Partners, LP (NYSE: UAN), today reported record net income in the 2012 third quarter of $208.9 million, or $2.41 per fully diluted share, on net sales of $2,409.6 million, compared to third quarter 2011 net income of $109.3 million, or $1.25 per fully diluted share, on net sales of $1,352.0 million....
