Latest Petroleum Stories

LAFAYETTE, La., April 17, 2013 /PRNewswire/ -- Green Field Energy Services, Inc. (CUSIP Nos.: 39304K AA4; U39065 AA2; and 39304K AB2) today announced that it has successfully completed more than 60 fracturing stages using pumps that were powered exclusively by liquefied natural gas (LNG). The hydraulic fracturing was conducted on a series of wells located in the Eagle Ford Shale play in South Texas, and is the first time in history that 100% liquefied natural gas was utilized as the...

On a year-over-year basis, May prices were down 3.3% versus 2012 SINGAPORE, April 17, 2013 /PRNewswire/ -- Prices of liquefied natural gas (LNG) for May delivery to Asia fell 12.3% to $15.464 per million British thermal units (/MMBtu) on decreased demand, according to the latest monthly Platts Japan/Korea Marker (JKM) for month-ahead delivery. The monthly average Platts JKM for delivery in May was assessed over the period of March 18 to April 15. The May-delivery price decline...

Company Trades 950 Net Acres in Rainbow Field for Drilling Carry and Interest in Proven Stockyard Creek Field MINNETONKA, Minn., April 17, 2013 /PRNewswire/ -- Black Ridge Oil & Gas, Inc. (OTCQB: ANFC), an exploration and production (E&P) company focused on non-operated Bakken and Three Forks properties, today announced it will participate in a core acreage swap in Williams County, North Dakota. In exchange for approximately 950 net acres in Black Ridge's Rainbow Field...

Data Aids Price Discovery & Risk Management of China's Domestic and Imported Coal SINGAPORE, April 17, 2013 /PRNewswire/ -- Platts, a leading source of benchmark price assessments in energy, petrochemicals and metals, today announced it has further expanded its suite of pricing references for China and the greater Asia-Pacific region with the launch of two new thermal coal price assessments for the Chinese market. "The two price assessments are designed to complement each other by...

The Vanjen Group and Depco Power Systems is hosting an open house at Depco Power Systems in Houston, Texas with live demonstrations of the state of the art, bi-fuel technology, EVO-SP System installed on a 2000Kw Cummins QSK 60 diesel engine. San Antonio, Texas (PRWEB) April 16, 2013 On Tuesday, May 7th from 10AM until 6PM at Depco Power Systems located at 8123 Hillboro in Houston, Texas, The Vanjen Group will be hosting an open house to showcase the new EVO-SP, bi-fuel conversion system...

WASHINGTON, April 16, 2013 /PRNewswire-USNewswire/ -- The American Fuel & Petrochemical Manufacturers (AFPM) President Charles T. Drevna testified before the Subcommittee on Energy and Mineral Resources to lend industry support for H.R. 3, the "Northern Route Approval Act" or NoRA. In his testimony, Drevna said: (Logo - http://photos.prnewswire.com/prnh/20120125/MM41823LOGO) "The benefits of the Keystone XL pipeline are great. They were clear four years ago, and today they...

HOUSTON, April 16, 2013 /PRNewswire/ -- Parker Drilling Company (NYSE-PKD), an international drilling contractor, drilling services and rental tools provider, today announced that the Company has settled with the United States Department of Justice (DOJ) and the United States Securities and Exchange Commission (SEC) related to parallel investigations that the DOJ and SEC conducted regarding possible violations of U.S. law, including the Foreign Corrupt Practices Act (FCPA), by the...

PETRONAS will use Honeywell's UOP Amine Guard(TM) FS process to remove contaminants on its Floating Liquefied Natural Gas facility in Malaysia DES PLAINES, Ill., April 16, 2013 /PRNewswire/ -- UOP LLC, a Honeywell (NYSE: HON) company, announced today that it has been selected by Malaysia's Petroliam Nasional Berhad (PETRONAS) to provide technology for acid gas removal on the world's first Floating Liquefied Natural Gas (FLNG) project, known as PETRONAS Floating LNG 1or PFLNG 1....

VANCOUVER, April 16, 2013 /PRNewswire/ - Gold Mountain Mining Corporation (TSX-V:GUM) (the "Company" or  "Gold Mountain") is pleased to announce final assay results from the Company's 2012 exploration program at its 100% owned Elk Gold project near Merritt, BC. These latest results continue to demonstrate the significant additional gold potential of several regional targets on the property, outside of the historic pit area which hosts the previously reported resource of 301,000...

- Q1-13 OIL AND GAS SALES 21,700 MBOE PER DAY, 105% INCREASE Q-O-Q; 19% INCREASE SEQUENTIAL DENVER, April 15, 2013 /PRNewswire/ -- Kodiak Oil & Gas Corp. (NYSE: KOG), an oil and gas exploration and production company with primary assets in the Williston Basin of North Dakota, today announced preliminary unaudited operational and financial results for the first quarter ended March 31, 2013. The Company also today reported the results of its regularly scheduled redetermination...