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Last updated on April 19, 2014 at 1:20 EDT

Latest Fossil fuels Stories

2014-04-16 16:23:58

NEW RIG ADDITIONS DRIVE IMPROVED MARGINS LONDON, April 16, 2014 /PRNewswire/ -- Noble Corporation plc (NYSE: NE) today reported first quarter 2014 net income of $256 million, or $0.99 per diluted share, compared to $174 million, or $0.68 per diluted share, for the fourth quarter 2013. Results for the fourth quarter of 2013 included an after-tax charge of $36 million, or $0.14 per diluted share, relating to an asset impairment. Excluding the impairment charge, net income for the...

2014-04-15 12:24:02

HOUSTON, April 15, 2014 /PRNewswire/ -- Gastar Exploration Inc. (NYSE MKT: GST) ("Gastar") reported today that production from its Marshall County, West Virginia operations has resumed with no restrictions following the successful re-routing of natural gas volumes through the Williams operated midstream system and the return to service of the pipeline that transports condensate from the field to processing facilities. Gastar currently has 50 wells producing, with seven additional...

2014-04-14 12:22:55

HOUSTON, April 14, 2014 /PRNewswire/ -- Goodrich Petroleum Corporation (NYSE: GDP) today announced the completion of its Blades 33H-1 (66.7% WI) well in Tangipahoa Parish, Louisiana. The well has achieved a peak 24-hour average production rate to date of 1,270 barrels of oil equivalent ("BOE") per day, comprised of 1,250 barrels of oil and 115 Mcf of gas on a 14/64 inch choke from an approximate 5,000 foot lateral. The well landed in the Company's lower target, was drilled and...

2014-04-11 08:21:13

- Well count increases 4% compared to the first quarter 2013 HOUSTON, April 11, 2014 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the U.S. onshore well count for the first quarter 2014 was 8,853 wells, down 230 wells or 3% compared to the fourth quarter 2013. Compared to the first quarter 2013, the well count was up 319 wells or 4%. Due to improved drilling efficiencies, the average US onshore drilling rig now produces 3% more wells compared to the same...

2014-04-10 16:22:04

LONDON, April 10, 2014 /PRNewswire/ -- Noble Corporation (NYSE:NE) today announced that its report of drilling rig status and contract information has been updated as of April 10, 2014. The report, titled "Fleet Status Report," can be found on the Company's Web site www.noblecorp.com, under the "Investor Relations" section of the Web site. About Noble Corporation Noble is a leading offshore drilling contractor for the oil and gas industry. Noble performs, through its subsidiaries,...

2014-04-10 16:21:48

Updates progress on first Utica well HOUSTON, April 10, 2014 /PRNewswire/ -- Gastar Exploration Inc. (NYSE MKT: GST) ("Gastar") reported today that production from its Marshall County, West Virginia operations resumed Wednesday night at reduced rates following a 4-1/2 day shut-in that resulted from the rupture Saturday morning of a natural gas pipeline operated by Williams Partners. Gastar is currently producing at a gross rate of approximately 50 million cubic feet per day of...

2014-04-07 16:21:24

HOUSTON, April 7, 2014 /PRNewswire/ -- Gastar Exploration Inc. (NYSE MKT: GST) announced today that its production in Marshall County, West Virginia has been shut-in since early Saturday morning due to the rupture of a pipeline operated by Williams Partners. Gastar hopes to restart production, which currently represents approximately two-thirds of its average daily production, as early as Tuesday night. On Saturday morning Williams experienced a rupture and fire in a 12-inch gas...

2014-04-03 12:23:33

LONDON, April 3, 2014 /PRNewswire/ -- Noble Corporation (NYSE: NE), a leading offshore driller, today announced it plans to report financial results for the first quarter 2014 on Wednesday, April 16, 2014, after the close of trading on the New York Stock Exchange. Copies of the Company's press release will be available on the Noble Web site at www.noblecorp.com. Noble also has scheduled a conference call and webcast related to its first quarter 2014 results on Thursday, April 17,...

2014-04-01 20:20:46

CALGARY, Alberta, April 1, 2014 /PRNewswire/ -- Oando Energy Resources Inc. ("OER", the "Company" or the "Group") (TSX:OER), a company focused on oil and gas exploration and production in Nigeria, today announced financial and operating results for the year ended December 31, 2013. The audited consolidated financial statements the ("Financial Statements") and management's discussion and analysis (the "MD&A") pertaining to the period are available under the Company's...

2014-03-26 12:22:54

LAS VEGAS, March 26, 2014 /PRNewswire/ - Orofino Gold Corp. (PINK OTC: ORFG) ("Orofino Gold" or the "Company") is pleased to announce that the Company's majority owned subsidiary, Nations Oil & Gas, has made an offer to acquire Alberta Gas Co of Utah. Financial terms are being negotiated. Alberta Gas owns leases for seven stripper wells located in two separate fields in Utah's Uintah Basin. Four are located off Highway 40 between Roosevelt and Vernal in the East Gusher...