Latest Petroleum Stories

Greyrock, in conjunction with industry partners, will deploy Micro GTL plants to monetize low value associated natural gas SACRAMENTO, Calif., May 21, 2013 /PRNewswire/ -- Greyrock Energy, Inc. announced today plans to deploy Micro GTL plants capable of converting low value natural gas into premium diesel fuel using Greyrock's next generation conversion technology. Greyrock's technology enables distributed production of fuels from a variety of abundant gas sources, including...

A new energy sector based on algal biofuels could guarantee Australia’s transport fuel and food security far into the future, a new report says. Potentially worth $50 billion a year, the industry would produce fuel, food, stockfeed, plastics, textiles, paper, fertilizers, chemicals and pharmaceuticals and employ up to 50,000 Australians in new jobs, according to the study Food and Fuel Forever, released today (May 21, 2012) by Perth-based thinktank Future Directions International (FDI)....

DALLAS, May 21, 2013 /PRNewswire/ -- Permian Basin Royalty Trust (NYSE: PBT) ("Permian") today announced a correction to the capital expenditures dollar amount reported in the May cash distribution announcement on May 20, 2013. The correct amount for the capital expenditures is approximately $1,859,173. This number reflects what was net to the Trust. Permian's cash distribution history, current and prior year financial reports and tax information booklets, a link to filings made...

CHICAGO, May 21, 2013 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Actavis, Inc.'s (NYSE:ACT), BP plc (NYSE:BP), Total SA (NYSE:TOT), Petrobras (NYSE:PBR) and Devon Energy Corporation (NYSE:DVN). (Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO) Get the most recent...

HOUSTON, May 21, 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 May 20, 2013. The report titled "Monthly Fleet Status Report," can be found on the Company's website www.rowancompanies.com. (Logo: http://photos.prnewswire.com/prnh/20120827/DA62568LOGO) Notable events in the current report include: Gorilla IV: Awarded a six month...

HOUSTON, May 21, 2013 /PRNewswire/ -- Parker Drilling Company (NYSE:PKD) today announced, that in accordance with New York Stock Exchange rules regarding equity inducement awards, the Company has granted an equity inducement award of 261,438 restricted stock units to Christopher T. (Chris) Weber, its newly appointed Senior Vice President and Chief Financial Officer, on May 20, 2013. (Logo: http://photos.prnewswire.com/prnh/20050620/PARKERDRILLINGLOGO) The restricted stock units...

New research report “Thermic Fluid Market By Product (Silicone And Aromatics, Mineral Oils, Glycol Based Fluids, Etc.), By Application (Oil And Gas, Chemicals, Solar, Pharmaceuticals, Etc.) - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2012 – 2018” prepared by Transparency Market Research has been recently published by Market Publishers Ltd. London, UK (PRWEB) May 20, 2013 In 2011, revenues of the worldwide thermic fluid industry were estimated at above USD...

HOUSTON, May 20, 2013 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that Maryann T. Seaman, Senior Vice President and Chief Financial Officer, will address attendees at the following event: Event: UBS Global Oil and Gas Conference Four Seasons Hotel Austin 98 San Jacinto Blvd. Austin, TX 78701 Thursday, May 23, at 10:25 a.m. EDT Presentation: Live webcast and...

DALLAS, May 20, 2013 /PRNewswire/ -- Permian Basin Royalty Trust (NYSE: PBT) ("Permian") today declared a cash distribution to the holders of its units of beneficial interest of $0.088488 per unit, payable on June 14, 2013, to unit holders of record on May 31, 2013. This month's distribution increased from the previous month due to increased oil production and higher oil prices offset by lower gas prices. Gas production to the trust continues to be affected by prior period...

SPOKANE, Wash., May 20, 2013 /PRNewswire/ -- Daybreak Oil and Gas, Inc. (OTCBB: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce the results of the third well in the current drilling program at the East Slopes Project in Kern County, California. The Sunday #5 well was drilled to 2,044 feet and encountered approximately 20 feet of oil pay in the Vedder Sand. The Company owns a 37.5% working interest in the Sunday #5 well. This drilling rig has...