Latest Petroleum Stories

HOUSTON, June 13, 2013 /PRNewswire/ -- Lucas Energy, Inc. (NYSE MKT: LEI), an independent oil and gas company with its main operations in Texas, today provided summary estimates of its total proved and probable Securities Exchange Commission ("SEC") reserves and future net revenues as of April 1, 2013. "Our current reserve report reflects several steps we have taken to improve our balance sheet and high-grade our asset base," stated Anthony Schnur, Lucas Energy's CEO. "For one, we...

Explore the regulations, technologies, and management practices around hydraulic fracturing of shale for oil production. Woodland Hills, CA (PRWEB) June 12, 2013 B2BWebinars.net and BlueTech® Research are pleased to announce the details of the next interactive web-conference in the BlueTech Webinar Series titled: Produced Water from Shale Oil – Technical and Market Overview. The Event will be held on June 27th, 11:00 AM - 12:30 PM EST; 4:00 PM - 5:30 PM BST. Hydraulic fracturing of...

LONDON, June 12, 2013 /PRNewswire/ -- Prices in the $3-trillion-plus global petrochemicals market fell 2% to $1,278 per metric ton (/mt) in May on the back of weaker raw inputs prices, according to the monthly Platts Global Petrochemical Index (PGPI). The PGPI is a benchmark basket of seven widely used petrochemicals and is published by Platts, a leading global energy, petrochemicals and metals information provider and a top source of benchmark price references. This follows a...

Researchmoz.us include new market research report"Global Oil and Gas Survey 2013-2014 - Market Trends, Marketing Spend and Sales Strategies in the Global Oil and Gas Industry" to its huge collection of research reports. Albany, US (PRWEB) June 11, 2013 This report presents comparative analysis between two years of survey results (wherever applicable). This report provides the current size of the marketing and advertising budgets of global oil and gas industry suppliers and how...

DUBAI, United Arab Emirates, June 11, 2013 /PRNewswire/ - Packers Plus Energy Services Inc. has successfully completed a high pressure vertical well in the Cooper Basin of South Australia for Senex Energy. "This was a cased, vertical proof-of-concept well that was so successful it led to the discovery of a new gas field," said Mark Rivenbark, Packers Plus Director, Eastern Hemisphere. Senex announced on May 15, 2013 that the new Hornet field contains up to 2.9 Tcf of prospective...

CALGARY, Alberta, June 11, 2013 /PRNewswire/ -- Aquatech, a global leader in water purification technology for industrial and infrastructure markets, introduces the HEVAP(TM) high efficiency evaporation process for treating produced water from oil sands thermal processes such as Steam Assisted Gravity Drainage (SAGD). "Increasingly, oil producers in Alberta are choosing to go with evaporation technology as the treatment method for reusing/recycling their produced water in thermal...

CALGARY, June 11, 2013 /PRNewswire/ - Madalena Ventures Inc. (the "Company" or "Madalena" (TSX VENTURE: MVN) is pleased to provide the following update: International Update - Curamhuele Block Extension Following an application and approval process through the first half of 2013, the exploration period for Madalena's 90% W.I. Curamhuele block has been extended by way of an official decree signed by the Province of Neuquén in Argentina.  This one year extension until...

LONDON, June 10, 2013 /PRNewswire/ -- Crude oil production from the Organization of the Petroleum Exporting Countries (OPEC) rose by 70,000 barrels per day (b/d) to 30.57 million b/d in May, a just-released Platts survey of OPEC and oil industry officials and analysts showed. Increases totaling 180,000 b/d from Angola, Kuwait, Libya, Saudi Arabia and the United Arab Emirates were partly offset by 110,000 b/d in reductions from Algeria, Iran, Iraq and Nigeria. "All the figures point...

SPOKANE, Wash., June 10, 2013 /PRNewswire/ -- Daybreak Oil and Gas, Inc. (OTCBB: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce the drilling results of the seventh well in the current drilling program at the East Slopes Project in Kern County, California. The Ball #2-11 well was drilled to 2,505 feet and encountered approximately 20 feet of oil pay in the Vedder Sand. The Company owns a 37.5% working interest in the Ball #2-11 well. After...

RnR Market Research adds Q3 2013 Oil and Gas market research reports for Vietnam, Uzbekistan, Sudan & South Sudan, Spain, Slovakia, Singapore, Romania and Kazakhstan to its store. DALLAS, June 7, 2013 /PRNewswire-iReach/ -- RnRMarketResearch.com now offers Q3 2013 Oil and Gas market research reports for multiple countries including but not limited to Vietnam, Uzbekistan, Sudan & South Sudan, Spain, Slovakia, Singapore, Romania and Kazakhstan in its store. These reports by BMI on...