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Latest Petroleum geology Stories

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...

2014-07-10 23:04:47

MarketResearchReports.Biz presents this most up-to-date research on "Global Drilling Machine Industry 2014". Albany, NY (PRWEB) July 10, 2014 Market Research Report on Global Drilling Machine Industry was a professional and depth research report on Global Drilling Machine industry that you would know the world's major regional market conditions of Drilling Machine industry, the main region including North American, Europe and Asia etc, and the main country including United...

2014-07-08 08:21:59

HOUSTON, July 8, 2014 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for June 2014 was 1,336, down 14 from the 1,350 counted in May 2014, and up 3 from the 1,333 counted in June 2013. The international offshore rig count for June 2014 was 314, down 12 from the 326 counted in May 2014, and down 23 from the 337 counted in June 2013. The average U.S. rig count for June 2014 was 1,861, up 2 from the 1,859 counted in May 2014, and...

2014-07-07 08:22:34

HOUSTON, July 7, 2014 /PRNewswire/ -- Paragon Offshore Limited (to be converted to Paragon Offshore plc) ("Paragon"), in preparation for its previously announced spin-off from Noble Corporation (NYSE: NE) ("Noble"), announced today that, subject to market and other conditions, it intends to offer for sale $1.185 billion in aggregate principal amount of senior unsecured notes due 2022 and 2024 in a private offering that is exempt from registration under the Securities Act of 1933, as...

2014-07-03 12:22:37

HOUSTON, July 3, 2014 /PRNewswire/ -- Virtus Oil and Gas Corporation (OTCBB: VOIL) ("Virtus" or the "Company") today reiterates its existing business plan and addresses third party reports. Virtus Oil and Gas is an early stage exploration company that was founded with the mission of acquiring and developing onshore oil and gas working interests in proven basins in the United States, such as the Central Utah Thrust Belt Region. The Company's ultimate strategic focus is the development of oil...


Word of the Day
omphalos
  • The navel or umbilicus.
  • In Greek archaeology: A central boss, as on a shield, a bowl, etc.
  • A sacred stone in the temple of Apollo at Delphi, believed by the Greeks to mark the 'navel' or exact center-point of the earth.
'Omphalos' comes from the ancient Greek.
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