Latest Petroleum geology Stories

COEUR D'ALENE, Idaho, May 13, 2013 /PRNewswire/ -- Star Gold Corp. ("Star Gold" or the "Company") (OTCQB: SRGZ) announces that a drill rig has been mobilized onto the Longstreet Property to commence drilling at the Main Zone. The drill program will include 5,400 feet of reverse circulation style drilling for approximately eighteen (18) holes. These holes and their respective positions are essentially the same as those recommended in the Technical Report by Agnerian Consulting in...

AUSTIN, Texas, May 13, 2013 /PRNewswire/ -- FieldPoint Petroleum Corporation (NYSE/MKT: FPP) announced today that, with its industry partners, drilling has begun on the Irby #1 vertical Wilcox test well that will be drilled to a depth of approximately 8,900 feet to the prospective reservoir. If successful, the well should be drilled and completed within the next 60 to 90 days and FPP will own a 10% working interest in the well. FPP also announced that it has signed an operating...

Canada’s Minister of Natural Resources Joe Oliver is in Europe to argue that the European Union’s Fuel Quality Directive unfairly stigmatizes Alberta Oil Sands products. Friends of Science point to the climate change hypocrisy in the EU when one compares their terms for ‘carbon neutral’ wood pellets shipped from Canada or the carbon footprint of EU beer consumption vis a vis oil sands’ emissions. Calgary, Alberta, Canada (PRWEB) May 08, 2013 “Despite a tradition of common...

THE HAGUE, The Netherlands, May 8, 2013 /PRNewswire/ -- Royal Dutch Shell plc (Shell) (NYSE:RDS.A) (NYSE:RDS.B) today announces a final investment decision in the Stones ultra-deepwater project, a Gulf of Mexico oil and gas development expected to host the deepest production facility in the world. This decision sets in motion the construction and fabrication of a floating production, storage, and offloading (FPSO) vessel and subsea infrastructure. The development will start...

ZUG, Switzerland, May 7, 2013 /PRNewswire/ -- Noble Corporation (NYSE: NE) today announced that Jeffrey L. Chastain, Vice President - Investor Relations and Corporate Communications, Noble Drilling Services Inc., will present at the Citi Global Energy and Utilities Conference in Boston on Tuesday, May 14, 2013, at 12:20 p.m. Central Daylight Time. A live webcast and presentation slides will be available at the time of the presentation in the "Investor Relations" section of the...

SPOKANE, Wash., May 7, 2013 /PRNewswire/ -- Daybreak Oil and Gas, Inc. (OTCBB: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce the results of the first well in the initiation of a six well drilling program at the East Slopes Project in Kern County, California. The Bear #5 Well was drilled to 2,300 feet and encountered approximately 30 feet of oil pay in the Vedder Sand. The Well is currently being completed and will be put on production within...

HOUSTON, May 7, 2013 /PRNewswire/ -- Deep Down, Inc. (OTCQX: DPDW) ("Deep Down"), an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services today announced it has received an order from a major international controls manufacturer for the manufacture and deployment of specialized short umbilical jumpers worth in excess of $1.5 million. The order is for the first phase of a large gas project on the Northwest...

FORT WORTH, TX, May 7, 2013 /PRNewswire/ - Breezer Ventures Inc.  (BRZV) (OTCQB:BRZV.PK), a Fort Worth, Texas based company, announced today that it is planning to participate in a 3-D seismic program on its 870 acre Jackson Fields prospect in Texas. New geological information obtained on the property indicates the need for a revised exploration program to target the more shallow proven oil and gas formations located on the property.  The seismic study will focus on the...

VANCOUVER, May 7, 2013 /PRNewswire/ - TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), is pleased to report that drilling of TAG's 100%-controlled Ngapaeruru-1 exploration well is drilling ahead, and has encountered elevated mud gas readings at a depth of 800 to 977 meters. The significance of the elevated gas readings will not be known until wireline logs have been run and evaluated. The Ngapaeruru-1 well has reached intermediate casing point at 977 meters with operations continuing...

HOUSTON, May 7, 2013 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for April 2013 was 1,301, up 33 from the 1,268 counted in March 2013, and up 123 from the 1,178 counted in April 2012. The international offshore rig count for April 2013 was 331, up 15 from the 316 counted in March 2013 and up 32 from the 299 counted in April 2012. The average U.S. rig count for April 2013 was 1,755, down 1 from the 1,756 counted in March...