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Latest Petroleum geology Stories

2014-08-05 08:26:17

HAMILTON, Bermuda, August 5, 2014 /PRNewswire/ -- AziNam Ltd., the offshore Namibia focused exploration company, is pleased to announce that it has secured an additional 10% working interest position in Blocks 2111B and 2211A, the "Guy Block", from Eco (Atlantic) Oil & Gas. Following completion of the transaction, AziNam will hold a 30% interest in the Guy Block, for which it will bear an additional 10% of the operating costs as well as its participating interest...

2014-08-05 08:24:15

HOUSTON, Aug. 5, 2014 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of July 2014, the Company had an average of 207 drilling rigs operating in the United States and nine rigs in Canada. Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the Company's drilling rigs that were operating under a drilling contract. The Company cautioned that numerous factors in addition to average...

2014-08-04 12:23:06

WASHINGTON, Aug. 4, 2014 /PRNewswire-iReach/ -- Subsea Engineering, Inc. announced today that Houston based oil and gas investor Lance Patrick has joined the company as President. In this role, he will oversee all company operations effective immediately, and will report directly to the Board of Directors. "Mr. Patrick's family has been highly successful active investors in the oil and gas space for generations, and we are delighted that he shares the vision of such promise in the...

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...


Word of the Day
tessitura
  • The prevailing range of a vocal or instrumental part, within which most of the tones lie.
This word is Italian in origin and comes from the Latin 'textura,' web, structure.