Latest Petroleum production Stories

FORT WORTH, Texas, March 15, 2013 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of February 2013. Basic's well servicing rig count remained unchanged at 425. Well servicing rig hours for the month were 66,400 producing a rig utilization rate of 71%, compared to 67% and 76% in January 2013 and February 2012, respectively. During the month, Basic's fluid service truck count decreased by two trucks to 962. Fluid...

HOUSTON, March 14, 2013 /PRNewswire/ --VAALCO Energy, Inc. (NYSE: EGY) today reported results for the fourth quarter and full-year 2012. (Logo: http://photos.prnewswire.com/prnh/20100316/NY71495LOGO) For the 2012 fourth quarter, VAALCO reported a net loss attributable to VAALCO of $18.9 million, or $0.33 per diluted share, compared to net income attributable to VAALCO of $8.7 million, or $0.15 per diluted share, for the comparable period in 2011. For the year ended December 31,...

HOUSTON, March 14, 2013 /PRNewswire/ -- Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) announced today that its monthly report of drilling rig status and contract information has been updated as of March 14, 2013. The report titled "Monthly Fleet Status Report," can be found on the Company's website www.rowancompanies.com on the Home page. (Logo: http://photos.prnewswire.com/prnh/20120827/DA62568LOGO) Notable events in the current report include: Rowan Stavanger:...

Rapid depletion and ageing of crude oil reserves are pushing the demand in the United States and Europe LONDON, March 14, 2013 /PRNewswire/ -- The rapid depletion and ageing of existing crude oil reserves are set to fuel the enhanced oil recovery (EOR) chemicals market. The market will develop rapidly on a platform of innovative, sustainable and economically viable offerings. New analysis from Frost & Sullivan (http://www.chemicals.frost.com), Analysis of Enhanced Oil Recovery...

HOUSTON, March 13, 2013 /PRNewswire/ -- Wood Group Kenny has been awarded a contract by Saipem for the engineering analysis and configuration design of the steel lazy-wave riser (SLWR) system for the Sapinhoa Norte pre-salt field, approximately 300km off the coasts of Rio de Janeiro and Sao Paulo states in Brazil. This award follows tender support work and conceptual riser engineering that Wood Group Kenny provided to Saipem in Paris at the original bid stage of this project. Saipem...

In the news release, Double Eagle Petroleum Co. Provides Niobrara Initial Production Rates and Update on Operations, issued 13-Mar-2013 by Double Eagle Petroleum Co. over PR Newswire, we are advised by the company that some information has been updated from when this was originally issued inadvertently. The complete, corrected release follows: Double Eagle Petroleum Co. Provides Niobrara Initial Production Rates and Update on Operations DENVER, March 13, 2013 /PRNewswire/ --...

DENVER, March 13, 2013 /PRNewswire/ -- Double Eagle Petroleum Co. (NASDAQ: DBLE) announced today that the Company's Niobrara exploration well 41-12N had an initial production rate of 467 barrels of oil equivalent (BOE) per day. The production was composed of 334 barrels of oil and 800,000 cubic feet of natural gas per day. The aforementioned production rate does not include any potential production from the deeper gas formations of the Frontier and Dakota. The Company is awaiting...

VANCOUVER, March 13, 2013 /PRNewswire/ - Bear Creek Mining (TSX Venture: BCM/ BVL: BCM) ("Bear Creek" or the "Company") is pleased to announce results for the five (5) diamond drill holes (1105.3 meters) from its Phase I drill program on the Sumi project. Highlights of the results are: -- Drill hole SU-5 returns 17 meters averaging 3.6 g/t Au and 3.2 g/t Ag from 50.65 to 68 meters depth. -- Drill hole SU-2 returns 50 meters averaging 0.98 g/t Au...

HOUSTON, March 13, 2013 /PRNewswire/ -- Dril-Quip, Inc. (NYSE: DRQ) today announced that Dril-Quip Asia Pacific Pte Ltd, its wholly owned subsidiary, in conjunction with its local representative UMW Petrodril (Malaysia) Sdn. Bhd., has been awarded a contract to supply drilling and production equipment and related services to Sabah Shell Petroleum Company Limited for the Shell Malikai TLP project located offshore Malaysia in approximately 1,800 feet of water. Dril-Quip will...

ZUG, Switzerland, March 12, 2013 /PRNewswire/ -- Noble Corporation (NYSE:NE) today announced that David W. Williams, Chairman, President and Chief Executive Officer, will present at the Howard Weil 41(st )Annual Energy Conference in New Orleans, Louisiana, on Tuesday, March 19, 2013 at 8:00 a.m. Central Daylight Time. Presentations from this conference are not being webcast; however, a copy of Noble's presentation materials will be available on or prior to the presentation in the...