Latest Petroleum production Stories

LONDON, February 27, 2013 /PRNewswire/ -- Palantir Solutions [http://www.palantirsolutions.com ], the leading provider of integrated dynamic planning solutions for the upstream oil and gas industry announces the opening of its new office in Perth, Australia. Jason Ambrose, Managing Director, said "Australian operators are already taking advantage of our ability to model integrated LNG projects such as the development of Coal Seam Gas (CSG) in Queensland. The office in Perth...

THE HAGUE, The Netherlands, February 26, 2013 /PRNewswire/ -- Royal Dutch Shell plc ("Shell") (NYSE:RDS.A) (NYSE:RDS.B) continues to expand its industry leadership in Liquefied Natural Gas ("LNG"), today agreeing to acquire part of Repsol S.A's ("Repsol") LNG portfolio outside of North America, including supply positions in Peru and Trinidad & Tobago, for a cash consideration of $4.4 billion. Shell will also assume and consolidate balance sheet liabilities predominantly...

Company to highlight its well planning and drilling, geosteering and formation evaluation solutions. AMSTERDAM, Feb. 26, 2013 /PRNewswire/ -- Paradigm(TM) (www.pdgm.com) will showcase its latest technologies at the 2013 SPE/IADC Drilling Conference and Exhibition in Amsterdam, March 5-7. Conference attendees are invited to join Paradigm at booth #339, where the company will present its Sysdrill(®) well planning and drilling engineering and Geolog(®) formation evaluation offerings,...

LAS VEGAS, Feb. 26, 2013 /PRNewswire/ -- Bayport International Holdings, Inc. (OTCPINK: EXTO). Today they are pleased to announce the signing of a Letter of Intent to purchase an interest in 2 oil wells located in the Milford Lease, Forest County, Pennsylvania. The interest is for 5.0% WI and 3.75%to be acquired in each of the two wells, the location Forest County, Pennsylvania is located east of the town of Titusville, Pa. This area has always been prolific in the production of oil...

SEOUL, South Korea, Feb. 26, 2013 /PRNewswire/ -- Levant LNG, a subsidiary of Pangea LNG B.V., today announced it has executed a historic Heads of Agreement ("HOA") with Gazprom Marketing and Trading Switzerland AG ("GM&T CH"), a subsidiary of major gas industry leader Gazprom, in which the parties agreed to negotiate in good faith a binding agreement for the sale of the LNG to be produced at the Floating LNG (FLNG) facility. The SPA will be for LNG sales based on feed gas...

Over the next five years, Canada will continue to rely on the United States for a significant portion of crude oil and natural gas sales; continued growth in production in oil sands will also facilitate a projected revenue increase. For these reasons, industry research firm IBISWorld has added a report on the Oil Drilling and Gas Extraction industry to its growing industry report collection. Los Angeles, CA (PRWEB) February 25, 2013 The Oil Drilling and Gas Extraction industry in Canada...

HOUSTON, Feb. 22, 2013 /PRNewswire/ -- For the quarter and year ended December 31, 2012, Cheniere Energy Partners, L.P. ("Cheniere Partners") (NYSE MKT: CQP) reported a net loss of $63.5 million and $150.1 million, respectively, compared to a net loss of $7.5 million and $31.0 million, respectively, for the same periods in 2011. Results for the quarter and year ended December 31, 2012 were primarily impacted by increases in certain expenses related to the liquefaction facilities...

HOUSTON, Feb. 22, 2013 /PRNewswire/ -- For the quarter and year ended December 31, 2012, Cheniere Energy, Inc. ("Cheniere") (NYSE MKT: LNG) reported a net loss of $94.3 million, or $0.44 per share (basic and diluted), and $332.8 million, or $1.83 per share (basic and diluted), respectively, compared with a net loss of $57.8 million, or $0.66 per share (basic and diluted), and $198.8 million, or $2.60 per share (basic and diluted), respectively, for the same periods in 2011. (Logo:...

FORT LAUDERDALE, Fla., Feb. 22, 2013 /PRNewswire/ -- Xtra Energy Corp. (OTCPINK: XTPT), is pleased to announce that it has successfully completed the drilling of its previously announced three core hole oil shale exploration and drilling program on its unconventional oil shale property located in Pasquia Hills, Saskatchewan, Canada. The three core holes were drilled across the Xtra Energy's oil shale permit which encompasses a total of 86,533 acres targeting an identified "sweet...

In the news release, Bill Barrett Corporation Reports 2012 Financial and Operating Results and Announces Strong Initial Oil Rates on All Four-Well Pads in DJ Basin, issued 21-Feb-2013 by Bill Barrett Corporation over PR Newswire, we are advised by the company that the 2012 RESULTS WEBCAST AND CONFERENCE CALL paragraph has been updated with corrected information. The complete, corrected release follows: Bill Barrett Corporation Reports 2012 Financial and Operating Results and Announces...