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Latest Petroleum industry Stories

2014-04-17 12:23:42

TAYLOR, Mich., April 17, 2014 /PRNewswire/ -- Atlas Oil Company today announced Atlas Oil's planned sale of its BP branded assets in Chicago and NW Indiana to Parent Petroleum Inc. and Lehigh Gas Partners LP. Atlas Oil supplies BP branded gasoline stations in Chicago and NW Indiana with BP branded gasoline and other fuel products. The transaction is expected to close during the second quarter 2014. "Atlas and BP have had a strong relationship and have been brand partners for a...

2014-04-09 08:24:24

MIDLAND, Texas, April 9, 2014 /PRNewswire/ -- Oryx Midstream Services, LLC (Oryx) today announced it has received an equity commitment totaling up to $300 million from Quantum Energy Partners, Post Oak Energy Capital, Wells Fargo Energy Capital, Oryx management and other private investors. Oryx will pursue midstream opportunities in the Permian Basin, focusing initially on the Delaware Basin in Texas and New Mexico. The company expects to leverage its deep energy industry experience...

2014-04-08 23:21:48

Over the past five years, revenue for the Petroleum Refining industry has been volatile in line with fluctuations in crude oil; however, revenue is projected to fare better over the next five years as the economic recovery accelerates in the United States, the main trading partner for industry firms, though overall refining capacity is forecast to only marginally increase due to restrictive environmental laws, limiting overall industry growth. For these reasons, industry research firm...

2014-04-05 23:00:24

Major petroleum companies are reducing capital expenditure on domestic refining operations. For this reason, industry research firm IBISWorld has updated its report on the Petroleum Refining and Petroleum Fuel Manufacturing industry in Australia. Melbourne, Australia (PRWEB) April 06, 2014 The Petroleum Refining and Petroleum Fuel Manufacturing industry processes crude oil into a range of fuel types and secondary products for downstream markets. The industry competes with imported refined...

2014-03-27 08:27:45

Brandon Cox, Founder and CEO of the Phoenix Based Oil and Gas Company, Has Hosted The #1 Financial Talk Radio Show "Crude Awakenings" for Four Years PHOENIX, March 27, 2014 /PRNewswire/ -- The U.S. is suddenly awash in crude oil - and Brandon Cox, Founder and CEO of Pipeline Oil & Gas, offers incredible investment opportunities via a unique "fix n' flip" approach that provides a clear cut strategy while maximizing profit. Pipeline relentlessly pursues its commitment to...

2014-03-18 16:21:15

CALGARY, March 18, 2014 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", the "Company", "We" or "Our") (TSX, NYSE: VET) is pleased to announce that we have entered into an arrangement agreement (the "Arrangement") with a private southeast Saskatchewan producer ("Privateco") for total consideration of $400 million, comprised of cash and share consideration of $345 million (the "Purchase Price") plus the assumption of $55 million in debt. Under the terms of the Arrangement,...

2014-03-03 04:21:38

CALGARY, March 3, 2014 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", the "Company", "We" or "Our") (TSX, NYSE: VET) is pleased to announce summary 2013 year-end reserves and resource information. The estimates of reserves and resources and other oil and gas information contained in this news release has been estimated by GLJ Petroleum Consultants Ltd. ("GLJ") and prepared in accordance with National Instrument 51-101 "Standards of Disclosure for Oil and Gas Activities" of the...

2014-02-12 12:23:14

LONDON, Feb. 12, 2014 /PRNewswire/ -- Reportbuyer.com just published a new market research report:Leading Oil & Gas National Oil Companies - Financial & Operational Fundamental Analysis and Benchmarking-2013Leading Oil & Gas National Oil Companies - Financial & Operational Fundamental Analysis and Benchmarking-2013Summary"Leading Oil & Gas National Oil Companies - Financial & Operational Fundamental Analysis and Benchmarking-2013" is the latest report from...

2014-02-06 08:22:36

Oil Companies Benefit From New Oil Storage Tank Options LA PORTE, Texas, Feb. 6, 2014 /PRNewswire-iReach/ -- Oil exploration and drilling can be challenging, hard work, and companies in this industry must have access to the right equipment and tools to improve productivity at worksites. While these demanding projects require an extensive range of equipment and resources, one of the most critical features that must be in place is an oil storage tank. Dragon Products has been serving...

2014-01-29 08:23:37

According to EY's Oil & Gas Center's US quarterly outlook HOUSTON, Jan. 29, 2014 /PRNewswire/ -- The continuing surge in US oil and natural gas production - primarily from unconventional resources, such as shale gas and light, tight oil, made the US the oil and gas industry's largest source of growth. The US looks to be a net exporter of gas within the next 2-3 years, while net oil import dependency has been sharply reduced. (Logo:...


Word of the Day
omadhaun
  • A fool; a simpleton: a term of abuse common in Ireland and to a less extent in the Gaelic-speaking parts of Scotland.
This word is partly Irish in origin.