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Latest Petroleum geology Stories

2014-06-09 08:23:26

Key well targeting substantial up-dip potential of the Banan Discovery CALGARY, June 9, 2014 /CNW/ - Oryx Petroleum Corporation Limited ("Oryx Petroleum" or the "Corporation") today announces that the Banan-2 appraisal well ("BAN-2") has been spudded in the Hawler license area in the Kurdistan Region of Iraq. Oryx Petroleum is the operator and has a 65% participating and working interest in the Hawler license area. Commenting today, Henry Legarre, Oryx Petroleum's Chief...

2014-06-06 08:21:51

LONDON, June 6, 2014 /PRNewswire/ -- The Federal Government of the Republic of Somalia ("the Federal Government") is pleased to announce that Soma Oil & Gas Exploration Limited ("Soma") has completed the offshore seismic acquisition programme across the Offshore Evaluation Area of 122,000 sq km as part of Soma's commitment under the Seismic Option Agreement ("SOA") agreed between the Federal Government and Soma on the 6th August 2013. The seismic acquisition...

2014-06-06 08:21:32

HOUSTON, June 6, 2014 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for May 2014 was 1,350, up 1 from the 1,349 counted in April 2014, and up 67 from the 1,283 counted in May 2013. The international offshore rig count for May 2014 was 326, down 3 from the 329 counted in April 2014, and down 1 from the 327 counted in May 2013. The average U.S. rig count for May 2014 was 1,859, up 24 from the 1,835 counted in April 2014, and...

2014-06-03 08:23:14

HOUSTON, June 3, 2014 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of May 2014, the Company had an average of 200 drilling rigs operating in the United States and two rigs in Canada. For the two months ended May 31, 2014, the Company had an average of 199 drilling rigs operating in the United States and two rigs in Canada. Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the...

2014-06-02 20:21:22

Bretaña-1WD Recovers Oil in Transition Zone, Increases Recoverable Oil Potential CALGARY, June 2, 2014 /PRNewswire/ - Gran Tierra Energy Inc. ("Gran Tierra Energy") (NYSE MKT: GTE, TSX: GTE), a company focused on oil exploration and production in South America, today provided an operations update for its 2014 work program. "Gran Tierra Energy's 2014 drilling campaign is well under way, and initial well test results are providing valuable insights for the Bretaña and Moqueta...

2014-06-02 16:22:26

HOUSTON, June 2, 2014 /PRNewswire/ -- Oceaneering International, Inc. (NYSE:OII) announced it has acquired AIRSIS Inc., a provider of remote asset management software services. AIRSIS' revenue for 2013 was approximately $7 million, and its future financial results will be included in Oceaneering's Subsea Projects segment. This acquisition is expected to enhance Oceaneering's current asset tracking service offered on offshore drilling rigs and vessels engaged in subsea activities....

2014-05-30 04:21:02

Exploration programme and funding plans continue to advance Q1 2014 results published SAINT HELIER, Jersey, May 30, 2014 /PRNewswire/ - During the first quarter of 2014, LONGREACH OIL AND GAS LIMITED (TSXV: LOI) (the Company or Longreach) outlined detailed results of its first exploration well in Morocco, Koba-1, and commenced drilling of its second exploration well, Kamar-1, which subsequent to the quarter-end encountered two prospective natural gas zones in the Sidi Moktar...

2014-05-29 08:23:36

AUSTIN, Texas, May 29, 2014 /PRNewswire/ -- FieldPoint Petroleum Corporation (NYSE/MKT:FPP) today provided an update on recent drilling activity. Phillip Roberson, FieldPoint President and CFO, stated, "I am pleased to report that the Ranger Project, with our drilling partner Riley Exploration Group, LLC, is well underway. We have now completed the drilling of three horizontal wells, and we have just started the horizontal leg of the fourth well. As previously stated, we plan to...

2014-05-28 08:23:40

SALT LAKE CITY, May 28, 2014 /PRNewswire/ -- FX Energy, Inc. (NASDAQ: FXEN), today announced its internal estimate of gas volumes for the Tuchola field. The field is located in the Edge license in north central Poland, where the Company holds 100% working interest in 730,000 acres (2,937 square kilometers). The dynamic flow test data indicate 20 billion cubic feet (Bcf) of gas in place, although a pressure buildup at the end of the test could indicate a somewhat higher figure. This...

2014-05-23 12:22:23

HOUSTON, May 23, 2014 /PRNewswire/ -- Parker Drilling Company (NYSE:PKD), an international provider of contract drilling and drilling-related services and rental tools to the energy industry, acquired a 1500 horsepower posted barge rig for its Gulf of Mexico drilling fleet in a transaction valued at approximately $12.25 million, using cash on hand. Built in 2011, the ready-to-work rig features drilling depth capacity of 18,000 feet, a top drive, three mud pumps, and living quarters...


Word of the Day
cruet
  • A vial or small glass bottle, especially one for holding vinegar, oil, etc.; a caster for liquids.
This word is Middle English in origin, and ultimately comes from the Old French, diminutive of 'crue,' flask.
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