Latest Petroleum geology Stories

CALGARY, Dec. 6, 2012 /PRNewswire/ - Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) announced today that its wholly owned subsidiary, Sunwing Zitong Energy (Sunwing), has received approval from the Ministry of Commerce of the People's Republic of China (the Ministry) to transfer its participating interest in the Contract for Exploration, Development and Production in the Zitong Block, Sichuan Basin, to Shell China Exploration and Production Co. (Shell). The Ministry's approval was...

HOUSTON, Dec. 6, 2012 /PRNewswire/ -- Noble Energy, Inc.'s (NYSE: NBL) senior management is hosting a conference today in Houston, Texas with analysts and investors to discuss the Company's current operations, future plans and operational outlook. Today's presentation includes the following key highlights: The Company's production is projected to increase at a compound annual growth rate (CAGR) of 17 percent over the next five years, resulting in average daily production of 540...

University of Miami Rosenstiel School of Marine & Atmospheric Science Groundbreaking 3D models show that oil droplets were too small for dispersants to have significant impact The 2010 blowout of the Macondo well in the waters of the Gulf of Mexico resulted in the region's largest oil spill in U.S. history. As the Deepwater Horizon (DWH) incident unfolded, in an effort to prevent the oil from coming to the surface and reaching coastal and marsh ecosystems, chemical dispersants were...

DENVER, Dec. 5, 2012 /PRNewswire/ -- Kodiak Oil & Gas Corp. (NYSE: KOG), an oil and gas exploration and production company with primary assets in the Williston Basin of North Dakota, today provided an interim corporate update on recent completion and drilling activities. Interim Completion Operations Update Kodiak completion operations in the Williston Basin continue with two full-time, 24-hour-per-day crews. During the fourth quarter through November 30, 2012, the...

SAN FRANCISCO, Dec. 4, 2012 /PRNewswire/ -- Worthington Energy, Inc. (WGAS:OTCQB) ("Worthington" or the "Company"), an energy company engaged in the acquisition, exploration, development and drilling of oil and natural gas properties, is pleased to announce the Company's first sales of oil and gas from its I-1 Well located in the Mustang Island 818-L Field, based on information provided by the operator, Dominion Production Company LLC ("Dominion"). Following the successful 24-hour...

HOUSTON, Texas, Dec. 4, 2012 /PRNewswire/ -- Deep Down, Inc. (OTC QB: DPDW) ("Deep Down"), an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services today announced that it has received orders in excess of $2.4 million from two international customers for the provision of subsea hardware for a shallow water gas field development in the South China Sea. (Logo:...

HOUSTON, Dec. 4, 2012 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of November 2012, the Company had an average of 206 drilling rigs operating, including 198 rigs in the United States and 8 rigs in Canada. For the two months ended November 30, 2012, the Company had an average of 206 drilling rigs operating, including 199 rigs in the United States and 7 rigs in Canada. Average drilling rigs operating reported in the Company's monthly...

SPOKANE, Wash., Nov. 27, 2012 /PRNewswire/ -- Daybreak Oil and Gas, Inc. (OTCBB: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to give an operational update on its drilling plans for the East Slopes Project in Kern County, California. As part of the long-term oil development plan for this project area, the Company plans to drill five development wells and one exploration well. A drilling rig will arrive on location by the middle of December 2012. All six...

SAN FRANCISCO, Nov. 27, 2012 /PRNewswire/ -- Worthington Energy, Inc. (WGASD : OTCBB) ("Worthington" or the "Company"), an energy company engaged in the acquisition, exploration, development and drilling of oil and natural gas properties, takes this opportunity to provide an updated progress report on the status of the Company's I-1 Well. "I am thrilled to report that production from the Company's I-1 Well is flowing through the pipeline and registering through our sales meter at...

HOUSTON, Nov. 27, 2012 /PRNewswire/ -- Noble Energy, Inc. (NYSE: NBL) today announced a discovery at the Big Bend exploration prospect in the deepwater Gulf of Mexico. The well, located in 7,200 feet of water on Mississippi Canyon Block 698, was drilled to a total depth of 15,989 feet. Open-hole logging identified approximately 150 feet of net oil pay in two high-quality Miocene reservoirs. Charles D. Davidson, Noble Energy's Chairman and CEO, said, "The discovery at Big Bend is...