Latest Petroleum production Stories

HOUSTON, May 17, 2013 /PRNewswire/ -- Hercules Offshore, Inc. (Nasdaq: HERO) announced today that Son P. Vann, Vice President Investor Relations and Planning, will present at the UBS Global Oil and Gas Conference in Austin, TX, on Tuesday, May 21, 2013, at 2:05 p.m. EDT (1:05 p.m. CDT). Interested parties may listen to the presentation live over the Internet at http://www.herculesoffshore.com. Go to the "Investor Information" link and select "News & Events." To listen to the...

WASHINGTON, May 17, 2013 /PRNewswire/ -- America's Energy Advantage (AEA) is pleased with the Department of Energy's (DOE) decision to approve one export permit and consider other permits on a case-by-case basis. As a result of this decision, the United States will be able to retain the natural gas advantage that is helping American manufacturing grow jobs and spur investment. This responsible process will decrease the chances of price shocks in energy markets and allow energy...

- 20-year approval to export up to 511 billion cubic feet (BCF) per year HOUSTON, May 17, 2013 /PRNewswire/ -- Freeport LNG Expansion, L.P. (Freeport LNG) today announced that it had received authorization from the U.S. Department of Energy (DOE) to export domestically produced liquefied natural gas (LNG) to any country that has, or in the future develops, the capacity to import LNG and with which trade is permissible. This order supplements the DOE authorization received by...

DALLAS, May 17, 2013 /PRNewswire/ -- Summit Midstream Partners, LLC ("Summit Investments"), the privately held company that owns and controls the general partner of Summit Midstream Partners, LP (NYSE: SMLP) and owns a 69.1% limited partner interest in SMLP, announced today that it has commenced operations of the Polar Crude Oil and Water Gathering System (the "Polar System") in the Bakken Shale Play in Williams County, North Dakota. The Polar System is designed to gather 50,000...

ZUG, Switzerland, May 16, 2013 /PRNewswire/ -- Noble Corporation (NYSE: NE) today announced that David W. Williams, Chairman, President and Chief Executive Officer, Noble Corporation, will present at the UBS Global Oil and Gas Conference in Austin, Texas, on Tuesday, May 21, 2013, at 8:40 a.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 Company's Web site...

LONDON, May 16, 2013 /PRNewswire/ -- Oil & Gas IQ has just released a summary report [http://www.smallmidlng.com/MediaCenter.aspx?utm_campaign=External&utm_medium=PressRelease&utm_source=Prnewswire&MAC=20070.003PR ] of the results from an industry survey conducted earlier in the year. In the survey Oil & Gas IQ addressed what the small-mid scale LNG industry deemed to be some of the innovations and pain points in 2013 and beyond. To gain insight...

CALGARY, May 15, 2013 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQL") is pleased to announce its first quarter 2013 operating and financial results. ACHIEVEMENTS AND HIGHLIGHTS The Company achieved significant increases in both production and the oil and liquids proportion of production in the quarter.  The Company's core Michichi and Lloydminster areas now represent 65% of total production, and 77% of total oil and liquids production, compared to 10%...

FORT WORTH, Texas, May 15, 2013 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of April 2013. Basic's well servicing rig count remained unchanged at 425. Well servicing rig hours for the month were 73,700 producing a rig utilization rate of 72%, compared to 74% and 78% in March 2013 and April 2012, respectively. During the month, Basic's fluid service truck count increased by seven trucks to 974. Fluid...

INVER GROVE HEIGHTS, Minn., May 15, 2013 /PRNewswire/ -- Blue Earth Resources, Inc. (OTCPINK: BERI), through its wholly-owned Petro Resources subsidiary, has completed a material expansion of its Louisiana acquisition announced on May 8, 2013. The initial acquisition involved a 37.5% WI (working interest) in Spider Field leases in DeSoto Parish, LA. BERI has now acquired an additional 25% WI in these 14 Spider Field wells for consideration of 8 Million shares of restricted common...

HOUSTON, May 15, 2013 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has received an order from ConocoPhillips Australia Pty. Ltd. for the supply of subsea equipment for its Bayu Undan Phase 3 project. The order has an estimated value of $26 million. The Bayu Undan field is located in the Timor Sea, approximately 280 miles (450 kilometers) northwest of Darwin, Australia. FMC Technologies' scope of supply includes subsea trees, wellheads, jumper kits...