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Latest Petroleum geology Stories

2014-07-31 08:26:26

AUSTIN, Texas, July 31, 2014 /PRNewswire/ -- FieldPoint Petroleum Corporation (NYSE/MKT:FPP) today provided an update on recent activity. Phillip Roberson, FieldPoint President and CFO, stated, "As the Ranger Project continues, we have now completed the third and fourth horizontal Taylor Sand wells in the Serbin Field with our drilling partner, Riley Exploration Group, LLC. The first Ranger well, the 8A-1H, was completed in the 1(st) quarter of this year to a total vertical depth...

2014-07-30 23:08:12

GrandViewResearch.com has announced the addition of "Global Bitumen Market Analysis and Segment Forecasts to 2020" market research report to their database. View full report with TOC - http://www.grandviewresearch.com/industry-analysis/bitumen-market San Francisco, California (PRWEB) July 30, 2014 The global market for bitumen is expected to reach USD 95.77 billion by 2020, according to a new study by Grand View Research, Inc. Bitumen, primarily used in road construction...

2014-07-30 16:25:11

HOUSTON, July 30, 2014 /PRNewswire/ -- Northern Offshore, Ltd. (Oslo Bors: NOF.OL) today announced that the company has finalized a 2 1/2 year contract with Rosneft Oil Company, in conjunction with North Atlantic Drilling Ltd., for the provision of the jackup drilling rig Energy Endeavour. According to the agreement, any break rights expire after 100 days, after which the contract will commence in direct continuation upon the release of the rig by the current client. The company...

2014-07-30 16:24:49

Stock Symbol: AEM (NYSE and TSX) TORONTO, July 30, 2014 /PRNewswire/ - Agnico Eagle Mines Limited (NYSE:AEM, TSX:AEM) ("Agnico Eagle" or the "Company") is pleased to provide an update on its 2014 exploration activities. Highlights include: -- Expansion of IVR discovery in Nunavut - Exploration drilling has expanded the scope of the mineralization at the IVR property, located 50 kilometres northwest of the Meadowbank mine. A total...

2014-07-30 12:24:18

CALGARY, Alberta, July 30, 2014 /PRNewswire/ -- Oando Energy Resources Inc. ("OER" or the "Company") (TSX: OER), a company focused on oil and gas exploration and production in Nigeria, today announced the completion of its acquisition of the Nigerian Upstream Oil and Gas Business of ConocoPhillips (NYSE: COP) for a total cash consideration of US$1.5 billion after customary adjustments plus a deferred consideration of US$33 million (the "Transaction"). The Transaction...

2014-07-29 12:23:51

HOUSTON, July 29, 2014 /PRNewswire/ -- Athens Group, a leading provider of independent, 3rd-party technology assurance services for oil and gas drilling and production systems, has introduced a new generation of Well Control System Services focused on helping assure that subsea equipment is "fit for purpose." http://photos.prnewswire.com/prnvar/20131031/DA07008LOGO Athens Group Well Control System Services help assure the well control/subsea equipment (electrical, mechanical, hydraulic, and...

2014-07-28 08:23:56

CALGARY, July 28, 2014 /CNW/ - In light of recent market speculation and investor queries Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") is providing clarification on the status of the transaction relating to the Dover Put Option, which it exercised on April 17, 2014. The Company confirms that it continues to work with Phoenix Energy Holdings Limited to close the transaction in accordance with the terms of the Put/Call Option Agreement. Athabasca will update...

2014-07-23 08:26:04

HOUSTON, July 23, 2014 /PRNewswire/ -- Virtus Oil and Gas Corporation (OTCBB: VOIL) ("Virtus" or the "Company") today announced final payment for its previously announced 36,787 net acre acquisition in Iron County, Utah, will be paid on August 3, 2014. Upon completion, this will satisfy the total agreed purchase price with a final payment of $100,000. (The subsequent additional 18,690 net acre agreement signed on May 6, 2014 has a final payment due on October 8(th) 2014). In November...

2014-07-21 08:23:30

SALT LAKE CITY, July 21, 2014 /PRNewswire/ -- FX Energy, Inc. (NASDAQ: FXEN), today announced its drilling schedule through the end of 2014. The Company plans to start drilling two wells in August, one well in September and two more wells in the fourth quarter of 2014. "We expect to see strong growth in reserves this year," said Andy Pierce, Vice President of Operations of FX Energy. "We have a great drilling schedule through year end and we think our track record gives us a...

2014-07-11 08:21:59

FORT WORTH, Texas, July 11, 2014 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of June 2014. Basic's well servicing rig count remained unchanged at 421. Well servicing rig hours for the month were 71,600 producing a rig utilization rate of 74%, compared to 70% and 79% in May 2014 and June 2013, respectively. During the month, Basic's fluid service truck count decreased by one to 1,016. Fluid service truck...


Word of the Day
baudekin
  • A rich embroidered or brocaded silk fabric woven originally with a warp of gold thread.
'Baudekin' seems to be an alternative form of 'baldachin,' from the Italian 'Baldacco,' Baghdad, the city where the material was made.
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