Latest National Oil Corporation Stories
CALGARY, May 16, 2013 /PRNewswire/ -- Oando Energy Resources Inc. ("OER" or the "Company") (TSX:OER), a company focused on oil exploration and production in Nigeria, today announced financial and operating results for the quarter ended March 31, 2013. The unaudited financial statements, notes and management's discussion and analysis (MD&A) pertaining to the period are available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at http://www.sedar.com...
LONDON, May 15, 2013 /PRNewswire/ -- Oil & Gas IQ (http://www.OilandGasIQ.com [http://www.oilandgasiq.com/strategy-management-and-information/articles/oil-and-gas-companies/?&shownewswindow=1&mac=OGIQ_Events_Title_Listing_2011&utm_source=OilGasIQ&utm_medium=Eloqua&utm_campaign=OG_PRNEWSWIRE&utm_content=dlc&utm_term=dlc ] ), a leading online resource and community for the Oil and Gas industry has released its list of the top 10 biggest oil and...
WILMINGTON, Del., May 13, 2013 /PRNewswire/ -- Acorn Energy, Inc. (NASDAQ: ACFN) today announced that Robert McKee has joined its board of directors having been elected at the May 8, 2013 directors' meeting. (Logo: http://photos.prnewswire.com/prnh/20120426/NY96114LOGO ) Christopher Clouser, Chairman of the Acorn Energy Board of Directors, stated, "Rob McKee is a widely recognized and experienced energy industry expert both domestically and internationally. He brings a tremendous...
CALGARY, May 2, 2013 /PRNewswire/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE) ("PENN WEST") is pleased to announce its results for the first quarter ended March 31, 2013. All figures are in Canadian dollars unless otherwise stated. ------------------------------ BOARD OF DIRECTORS The Board of Directors of Penn West (the "Board") has commenced a renewal process. Effective May 1, 2013, Mr. Jack Schanck, a Director of Penn West since 2008, assumed the position of...
LAGOS, Nigeria, May 1, 2013 /PRNewswire/ -- The Petroleum Industry Bill aims to resolve some of the many issues that have affected Africa's largest oil producer and pave the way for future growth and investment. Growth in Africa's oil and gas industry has been accelerating in recent years. The continent's total production now accounts for around seven percent of world output. With the Gulf of Guinea's imminent deepwater activity, East Africa's emergence as a crude...
Refining operating cash flow increases 97% to $524 million -- Cash flow was $971 million, or $1.28 per share in the first quarter, an increase of 7% from the same period in 2012, mainly due to strong performance from the company's refining business. -- Operating cash flow from refining almost doubled to $524 million compared with the same quarter a year earlier. -- Combined oil sands production at Foster Creek and...
DALLAS, April 18, 2013 /PRNewswire/ -- Permian Basin Royalty Trust (NYSE: PBT) ("Permian") today declared a cash distribution to the holders of its units of beneficial interest of $0.060880 per unit, payable on May 14, 2013, to unit holders of record on April 30, 2013. This month's distribution increased from the previous month due to fewer days for February production of oil and continued curtailment of gas production as a result of a saturated market for gas in the region....
CALGARY, Alberta, April 2, 2013 /PRNewswire/ -- Oando Energy Resources Inc. ("OER" or the "Company") (TSX:OER), a company focused on oil exploration and production in Nigeria, today announced financial and operating results for the year ended December 31, 2012. The audited financial statements, notes and MD&A pertaining to the period are available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at http://www.sedar.com and by visiting...
-Shenandoah Discovery Encounters More than 1,000 Net Feet of Oil Pay- DALLAS and HOUSTON, March 19, 2013 /PRNewswire/ -- Venari Resources LLC, a deepwater oil exploration and production company in the Gulf of Mexico, today announced a major oil discovery at its Shenandoah prospect in Walker Ridge Block 51 and provided an update on its Coronado prospect in Walker Ridge Block 98. (Logo: http://photos.prnewswire.com/prnh/20130319/NY80025LOGO ) The Shenandoah-2 well, which spud on...
DALLAS, March 18, 2013 /PRNewswire/ -- Permian Basin Royalty Trust (NYSE: PBT) ("Permian") today declared a cash distribution to the holders of its units of beneficial interest of $0.057998 per unit, payable on April 12, 2013, to unit holders of record on March 28, 2013. This month's distribution increased from the previous month due to increased production of both oil and gas allocated to the Trust and reduced capital expenditures as the 2012 budget pays out. Production for the...
