Latest Petroleum Stories

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...

JOHANNESBURG, June 7, 2013 /PRNewswire/ -- Sasol Limited (NYSE: SSL): Highlights for the period Overall solid operational performance despite volatile macro environment Sasol Synfuels continues to deliver strong operational performance Long-lead equipment orders placed for US ethane cracker Sasol celebrates the 10 year anniversary of its listing on NYSE Dear stakeholder On 9 April 2013, Sasol celebrated the 10( )year anniversary of its listing on the New York Stock...

WUXI, China, June 7, 2013 /PRNewswire/ -- WSP Holdings Limited (NYSE: WH) ("WSP Holdings" or the "Company"), a Chinese manufacturer of API (American Petroleum Institute) and non-API seamless casing, tubing and drill pipes used in oil and natural gas exploration, drilling and extraction ("Oil Country Tubular Goods" or "OCTG"), and other pipes and connectors, announced today that the Company has received a notice of failure to satisfy continued listing standards (the "Letter") from NYSE...

NEW YORK, June 7, 2013 /PRNewswire/ -- Today, Wall Street Reports announced new research reports highlighting Diamond Offshore Drilling, Inc. (NYSE: DO), Atwood Oceanics, Inc. (NYSE: ATW), Hercules Offshore, Inc. (NASDAQ: HERO), Penn West Petroleum Ltd. (NYSE: PWE), and Halcon Resources Corporation (NYSE: HK). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below. Diamond...

HOUSTON, June 7, 2013 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for May 2013 was 1,283, down 18 from the 1,301 counted in April 2013, and up 58 from the 1,225 counted in May 2012. The international offshore rig count for May 2013 was 327, down 4 from the 331 counted in April 2013, and up 8 from the 319 counted in May 2012. The average U.S. rig count for May 2013 was 1,767, up 12 from the 1,755 counted in April 2013, and...