Latest Petroleum Stories

WAYZATA, Minn., April 15, 2013 /PRNewswire/ -- Northern Oil and Gas, Inc. ("Northern") (NYSE MKT: NOG) is providing a production and operations update for the quarter ended March 31, 2013. PRODUCTION AND OPERATIONS UPDATE Northern's first quarter 2013 production is expected to average approximately 11,100 barrels of oil equivalent per day, a 30% increase over the first quarter of 2012 and a 2% sequential quarter-over-quarter increase. During the first quarter of 2013, Northern...

HOUSTON, April 15, 2013 /PRNewswire/ -- Shell and TravelCenters of America LLC (TA) have finalized an agreement to develop a U.S. nationwide network of liquefied natural gas (LNG) fueling centers for heavy-duty road transport customers. (Photo: http://photos.prnewswire.com/prnh/20130415/LA94807) (Logo: http://photos.prnewswire.com/prnh/20120917/MM76045LOGO) The plan is to construct at least two LNG fueling lanes and a storage facility at up to 100 existing TA and Petro Stopping...

TORONTO, April 15, 2013 /PRNewswire/ - Pacific Rubiales Energy Corp. (TSX: PRE; BVC: PREC; BOVESPA: PREB) announced today the results of an independent resource assessment for certain of the Company's exploration blocks in Colombia, Peru, Brazil, Guyana, Guatemala and Papua New Guinea ("PNG").  The 2012 resource assessment was prepared by Petrotech Engineering Ltd. ("Petrotech") with an effective date of September 30, 2012 (the "2012 Resource Report"). The 2012 Resource Report...

HOUSTON, April 15, 2013 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed a four year frame agreement with Petrobras (NYSE: PBR, PBRA) to provide subsea services for its fields offshore Brazil. Under the terms of the agreement, FMC Technologies will provide equipment commissioning and offshore technical services in addition to maintenance, modification, storage and logistics for Petrobras' subsea fields. "FMC Technologies has supported...

TSXV Trading Symbol: MVN CALGARY, April 15, 2013 /PRNewswire/ - Madalena Ventures Inc. (TSXV: MVN) (the "Company" or "Madalena") is pleased to provide operational updates across its Western Canadian ("domestic") and International assets. With the focus on production growth to start 2013, Madalena's productive capability is approximately 2,000 boe/d (44% oil and natural gas liquids ("NGLs")), representing a 900% increase from the Company's October 2012 production level. The...

FORT WORTH, Texas, April 15, 2013 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of March 2013. Basic's well servicing rig count remained unchanged at 425. Well servicing rig hours for the month were 72,200 producing a rig utilization rate of 74%, compared to 71% and 78% in February 2013 and March 2012, respectively. During the month, Basic's fluid service truck count increased by five trucks to 967. Fluid...

HONG KONG, April 14, 2013 /PRNewswire/ -- Sunshine Oilsands Ltd. ("Sunshine") (HKEX: 2012; TSX: SUO) is pleased to announce that Mr. Mark Montemurro has agreed to join Sunshine as Senior Vice President, Engineering & Geosciences. Mr. Montemurro has over 25 years of experience in technology, construction and production operations with extensive thermal in-situ oil sands experience. Mr. Montemurro was involved in the initial phases of the Christina Lake and Senlac producing SAGD...

Nokero International has been awarded the United States Patent and Trademark Office’s ‘Patents for Humanity’ award, which recognizes organizations that brings life-saving technologies to underserved people of the world. WASHINGTON, D.C. (PRWEB) April 13, 2013 Nokero International has been awarded the ‘Patents for Humanity’ honor by the United States Patent and Trademark Office. The award is designed to recognize patent owners who use creativity, design, and ingenuity to solve...

PITTSBURGH, April 12, 2013 /PRNewswire/ -- CONSOL Energy Inc. (NYSE: CNX), the leading diversified fuel producer in the Eastern U.S., is providing an operations update for the quarter ended March 31, 2013. CONSOL's Coal Division produced 14.8 million tons for the first quarter of 2013, including 1.3 million tons of low-vol coking coal from the company's Buchanan Mine. Both figures exceeded guidance as production surged to meet stronger-than-expected export markets. Despite Buchanan's...

SINGAPORE, April 12, 2013 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company"), announced today that its main operating subsidiary, Guangxi Yuchai Machinery Company Limited ("GYMCL"), has sold 298 units of its YC6J gas and electric hybrid engines to the Baoding Bus Company in Hebei Province. The Baoding Bus Company is the first company in Baoding City to operate buses using GYMCL's gas and electric hybrid engines ("Engine"). One hundred...