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2014-09-12 08:21:52

LONDON, September 12, 2014 /PRNewswire/ -- With R&D spend in the oil and gas sector set to increase by 10% in 2015, the role of intellectual property management has become a significant source of risk and potential reward. Nowhere is this more apparent than in Alberta, where Canadian energy companies are filing four times more oil and gas technology patents than they did a decade ago, and the story is much the same across the entire North American region....

2014-08-26 12:22:53

CALGARY, Aug. 26, 2014 /PRNewswire/ - (TSX-V: PFC) - PetroFrontier Corp. ("PetroFrontier") announces that Statoil Australia Theta B.V. ("Statoil"), PetroFrontier's joint venture partner and the operator of the 2014 work program and budget has completed testing operations at the OzBeta-1 well. The OzBeta-1 well was perforated over a 3 meter interval within the Arthur Creek Hot Shale from 1,347 to 1,350 meters depth. A small water based hydraulic stimulation was successfully...

2014-07-22 08:34:17

CALGARY, July 22, 2014 /PRNewswire/ - (TSX-V: PFC) - PetroFrontier Corp. ("PetroFrontier") is pleased to announce that Statoil Australia Theta B.V. ("Statoil"), PetroFrontier's joint venture partner and the operator of the 2014 work program and budget ("2014 WP&B") has initially selected two of the wells from the 2014 WP&B for completion and testing. The OzAlpha-1 and OzBeta-1 wells are believed to provide the best opportunities to test the concept of extracting oil from...

2014-07-08 08:33:53

CALGARY, July 8, 2014 /PRNewswire/ - (TSX-V: PFC) - PetroFrontier Corp. ("PetroFrontier") is very pleased to announce that the fifth well in its 2014 Work Plan and Budget (the "2014 WP&B") has now spud and drilling is underway. The OzEpsilon-1 well is a vertical exploration well located in Exploration Permit 128. This is the fifth and final vertical test well to be drilled as part of the 2014 WP&B. All wells will include an extensive open hole evaluation program and up to...

2014-06-10 12:23:04

ST. JOHN'S, June 10, 2014 /CNW/ - The Research & Development Corporation (RDC) and Statoil Canada Ltd. are pleased to announce a collaborative investment in three new research and development projects with the potential to improve Arctic and harsh-environment offshore oil and gas operations in Newfoundland and Labrador and around the world. The total value of the projects is $3.9 million, including $2.4 million from Statoil Canada and $1.5 million from RDC. "This collaborative initiative...

2014-05-06 20:22:11

HOUSTON, May 6, 2014 /PRNewswire/ -- Statoil (OSE: STL, NYSE: STO) executive vice president for its North American operations Bill Maloney said today that the company has set a goal of recovering an average of 70% of the oil in its Johan Sverdrup field in the Norwegian continental shelf. "We've set a very large goal for oil recovery for Johan Sverdrup," says Maloney. "With the right technology and ingenuity, we believe 70% is achievable over the life of the field for this giant...

2014-05-06 20:22:09

HOUSTON, May 6, 2014 /PRNewswire/ -- Statoil (OSE: STL, NYSE: STO) announced today that it has started its latest Gulf of Mexico exploration campaign. It started drilling Martin, a high-impact prospect, on 20 April. http://photos.prnewswire.com/prnvar/20140506/85098 "We consider Martin one of the top prospects in our global portfolio," says Jez Averty, senior vice president of exploration for Statoil in North America. "Since acquiring this prospect in 2012, we've advanced it in 20...

2014-05-05 23:03:23

Hart Energy's Offshore Executive Conference: Gulf of Mexico offers a strategic in-depth look at key happenings in the Gulf, emerging plays in both deep and shallow waters, as well as significant technologies and market trends. The day-long event is set for October 16, 2014, at The Westin Houston, Memorial City in Houston, Texas. Houston, Texas (PRWEB) May 05, 2014 Gulf of Mexico crude oil reserves will provide steady U.S. crude oil production from 2015 to 2040 thanks to upcoming...

2014-02-04 16:24:04

LAFAYETTE, La., Feb. 4, 2014 /PRNewswire/ -- PetroQuest Energy, Inc. (NYSE: PQ) announced today the appointment of Edward E. Abels, Jr. as Executive Vice President - General Counsel and Corporate Secretary, effective February 1, 2014. He will be based in PetroQuest's Corporate Headquarters in Lafayette, Louisiana. Prior to joining PetroQuest, Mr. Abels acted as General Counsel for Texas Crude Energy, LLC, was a shareholder at Greenberg Traurig, LLP in Houston, Texas and held various...

2014-02-04 08:24:22

HOUSTON, Feb. 4, 2014 /PRNewswire/ -- As part of the company's Heroes of Tomorrow Program, Statoil will sponsor the Stars Over Texas Stage and Rodeo Rockstar competition at this year's Houston Livestock Show and Rodeo(TM) (HLSR). Statoil's Heroes of Tomorrow program focuses on supporting talented young people in sports, culture and STEM (Science, Technology, Engineering and Math) to help them become heroes of tomorrow. "For the last three years Statoil has sponsored The Hideout at...


Word of the Day
omadhaun
  • A fool; a simpleton: a term of abuse common in Ireland and to a less extent in the Gaelic-speaking parts of Scotland.
This word is partly Irish in origin.