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Last updated on April 19, 2014 at 5:20 EDT

Latest Petroleum Stories

2014-03-07 08:21:56

Growing Asian investment fuels momentum for Canadian-led LNG export sector CALGARY, March 7, 2014 /PRNewswire/ - Progress Energy Canada Ltd. (Progress Energy), Pacific NorthWest LNG Ltd. (PNW LNG) and Petroliam Nasional Berhad (PETRONAS) have signed transaction agreements whereby Indian Oil Corporation Ltd., through its affiliates, will acquire a 10 percent interest in Progress Energy's LNG-destined natural gas reserves in northeast British Columbia and in the proposed PNW LNG...

2014-03-07 08:21:05

HOUSTON, March 7, 2014 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for February 2014 was 1,341, up 16 from the 1,325 counted in January 2014, and up 66 from the 1,275 counted in February 2013. The international offshore rig count for February 2014 was 318, up 16 from the 302 counted in January 2014, and down 5 from the 323 counted in February 2013. The average U.S. rig count for February 2014 was 1,769, unchanged from the...

2014-03-07 04:20:19

COPENHAGEN, Denmark, March 7, 2014 /PRNewswire/ -- Welltec Corporation, a Danish based, oil and gas services company, is pleased to announce the award of a three year, direct contract from Esso Exploration Angola (Block 15) Limited (Esso Angola), Operator of Angola Block 15, for the provision of conveyance and well intervention services including clean-out and mechanical manipulation. Welltec(R) technologies and services increase flexibility and reduce the mobilization...

2014-03-06 23:00:08

RnRMarketResearch.com adds “Subsea Production & Processing Systems Market by Technology/Components (Subsea Umbilicals, Risers, Flowlines, Trees, Control Modules, Manifolds), Types (Boosting, Injection, Separation, Compression), & Geography – Global Trends & Forecast to 2018” to its store. Dallas, Texas (PRWEB) March 07, 2014 The offshore oil & gas market continues to grow at an increasing pace, as oil & gas operators continue to discover reserves in deeper water...

2014-03-06 16:23:55

Schedules conference call for March 7, 2014 at 11:30 a.m. Eastern DALLAS, March 6, 2014 /PRNewswire/ -- Alon USA Energy, Inc. (NYSE: ALJ) ("Alon") today announced results for the quarter and year ended December 31, 2013. Net loss available to stockholders for the fourth quarter of 2013 was $(14.0) million, or $(0.21) per share, compared to net income available to stockholders of $22.2 million, or $0.35 per share, for 2012. Excluding special items, Alon recorded net loss of $(8.0)...

2014-03-06 16:23:46

February 2014 Production Up 2.2% versus February 2013 DENVER, March 6, 2014 /PRNewswire/ -- U.S. domestic natural gas production in the lower 48 states averaged 65.8 billion cubic feet per day (Bcf/day) in February 2014, according to the latest estimates from Bentek Energy, the oil and natural gas analytic unit of Platts. This is an increase of 0.6 Bcf/d or 1.0% from January. Comparing February this year to February of 2013 shows an increase of 2.2%, or 1.4 Bcf/d of incremental gas...

2014-03-06 12:21:56

LONDON, March 6, 2014 /PRNewswire/ -- Reportbuyer.com just published a new market research report: Oman Oil Markets, 2013 Oman Oil Markets, 2013 SummaryThis profile is the essential source for top-level energy industry data and information. The report provides an overview of each of the key sub-segments of the energy industry in Oman. It details the market structure, regulatory environment, infrastructure and provides historical and forecasted statistics relating to the...

2014-03-06 12:21:32

NEW ORLEANS, March 6, 2014 /PRNewswire/ -- Petroleos de Venezuela, S.A. (PDVSA) is moving forward with a series of new heavy oil developments in the Orinoco Oil Belt that will allow a significant increase in production, while requiring the development of massive new infrastructure, Ruben Figuera, director of new developments in the Orinoco Oil Belt, told delegates to the World Heavy Oil Congress 2014, which opened here today. Figuera said the new projects, being developed by PDVSA...

2014-03-06 08:24:42

VANCOUVER, March 6, 2014 /PRNewswire/ - Cayden Resources Inc. (TSX.V:CYD, OTCQX: CDKNF) ("Cayden" or the "Company") is pleased to announce that it has received drilling permits for the Peña de Oro target located within the companies 100% optioned El Barqueño Concessions in Jalisco State, Mexico where drilling will commence immediately. The Peña de Oro target is the most advanced of the 8 targets that Cayden plans to drill in the next 18 months. The Company considers this...

2014-03-06 08:24:17

Natural Gas Prices Declined 9.6% in U.K., Down 9.2% in Continental Europe LONDON, March 6, 2014 /PRNewswire/ -- Day-ahead electricity prices in continental Europe continued their decline in February as mild weather tempered coal and natural gas usage and renewable energy generation escalated, according to data just released by Platts, a leading global energy, petrochemicals and metals information provider. The Platts Continental Power Index* (CONTI) fell 5% in February to EUR38.28...


Latest Petroleum Reference Libraries

0_2d32b95d634235dd48b1f1b3e5949a2e
2010-10-07 16:05:32

The Seismometer is an instrument designed to measure the motions of the ground. This includes seismic waves generated by earthquakes, nuclear explosions, and other seismic sources. Records of these activities allow seismologists to map the interior of the Earth, and locate and measure the size of the different sources. There are also seismographs, which is sometimes used in place of the word seismometer. However, a seismograph is the older instrument in which the measuring and recording...

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