Latest Petroleum Stories

Creates Consolidated Oil and Related Product Entity in Kazakhstan SALT LAKE CITY, May 8, 2013 /PRNewswire/ -- Geo Point Technologies, Inc. (OTCBB: GNNC) (the "Company" or "Geo Point"), the owner of a modern, environmentally friendly oil refinery in Karatau, Kazakhstan that refines crude oil into diesel fuel, gasoline, and mazut (a heating oil), today announced that on Wednesday, May 8, 2013, it successfully completed the acquisition of RTS-Oil LLP ("RTS"). Additionally the company...

Company Increases Second Quarter Net Income 51% and Increases Mcfe Production 22% OKLAHOMA CITY, May 8, 2013 /PRNewswire/ -- PANHANDLE OIL AND GAS INC. (NYSE:PHX) today reported financial and operating results for the Company's fiscal second quarter and six months ended March 31, 2013. HIGHLIGHTS FOR THE PERIODS ENDED MARCH 31, 2013 Recorded a second quarter 2013 net income of $1,022,487, $.12 per share, as compared to $675,966, $.08 per share, for the 2012 quarter. Generated...

Platts Project Tracker Shows Early-Year Improvement After Marked Slowdown in 2012 LONDON, May 8, 2013 /PRNewswire/ -- Asian power generation development activity in the first three months of 2013 totaled 62.74 gigawatts (GW), according to the latest quarterly project tracking report by Platts, a leading global provider of energy, petrochemicals and metals information. "This was 12% lower than in the same period of 2012, but was well up on the prior quarter - in fact, more than a...

TSX, NYSE MKT: BXE CALGARY, May 8, 2013 /PRNewswire/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) announces its financial and operating results for the three months ended March 31, 2013. Forward-Looking Statements This press release, including the report to shareholders, contains forward-looking statements.  Please refer to our cautionary language on forward-looking statements and the other matters set forth at the beginning of the...

Compared to our Second Fiscal Quarter Record Results: HOUSTON, May 7, 2013 /PRNewswire/ -- Evolution Petroleum Corporation (NYSE MKT: EPM) today reported operating highlights for the quarter ended March 31, 2013, its third quarter of fiscal 2013 ("Q3-13"). Highlights include: Earned $2.2 million, or $0.07 per diluted share, a 24% sequential increase Total daily sales volumes declined 10% sequentially to 626 net barrels of oil equivalent ("BOE") due to Giddings asset sales...

ZUG, Switzerland, May 7, 2013 /PRNewswire/ -- Noble Corporation (NYSE: NE) today announced that Jeffrey L. Chastain, Vice President - Investor Relations and Corporate Communications, Noble Drilling Services Inc., will present at the Citi Global Energy and Utilities Conference in Boston on Tuesday, May 14, 2013, at 12:20 p.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...

Partnership schedules conference call for May 9, 2013 at 10:00 a.m. Eastern DALLAS, May 7, 2013 /PRNewswire/ -- Alon USA Partners, LP (NYSE: ALDW) (the "Partnership") today announced results for the first quarter of 2013. Net income for the first quarter of 2013 was $93.5 million, or $1.50 per unit, compared to $48.1 million for the same period last year. Paul Eisman, CEO and President of the Partnership's general partner, commented, "Our first quarter results, the first full...

HOUSTON, May 7, 2013 /PRNewswire/ -- Tesco Corporation (TESCO), the leader in top drives and rig mechanization, has completed the testing phase of two innovative products, the HXI 150 ton top drive and Hydraulic Compact CASING DRIVE SYSTEM (TM) (HCCDS(TM)), Julio Quintana, Tesco Corporation President and Chief Executive Officer, announced today. (Logo: http://photos.prnewswire.com/prnh/20130507/DA08236LOGO) The HXI 150t, the 12(th) of TESCO's high-tech top drive line, features the...

WASHINGTON, May 7, 2013 /PRNewswire-USNewswire/ -- The former head of the Pipeline & Hazardous Materials Safety Administration (PHMSA) at the U.S. Department of Transportation said today that the proposed Keystone XL pipeline is in the national interest and should move forward at a joint hearing of the Subcommittee on Energy & Subcommittee on Environment of the House Committee on Science, Space and Technology. "The Keystone pipeline system is clearly within the national...

New Full Synthetic Motor Oil Targets Consumers Who Demand Value From Their Vehicle HOUSTON, May 7, 2013 /PRNewswire/ -- Quaker State(®), one of the industry's most innovative motor oil brands, is today introducing the new, reformulated Quaker State Ultimate Durability(TM) Full Synthetic Motor Oil, designed to deliver motorists a fuel economy savings of an average of five cents per gallon* while providing unsurpassed protection against friction-related wear. Using a proprietary...