Latest Petroleum Stories

VANCOUVER, May 14, 2013 /PRNewswire/ - TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), reports that TAG's 100%-controlled Ngapaeruru-1 exploration well has reached a total depth of 1417 meters after successfully drilling through the Waipawa and Whangai source rock formations, the main objective of the well. Excellent mud gas shows - which indicate the presence of gas zones or soluble gas in oil - were recorded between the intervals of 1140 - 1295m (155m gross hydrocarbon column)....

TSX ticker symbol; BKX CALGARY, May 14, 2013 /PRNewswire/ - All amounts are in U.S. Dollars unless otherwise indicated: 2013 2012 % Earnings (Loss): $ Thousands $(5,320) $(3,520) L $ per common share $(0.04)...

- Clariant's investment in Ultimate EOR Services aligns with its focus on research and technology and is complementary to its global growth strategy MUTTENZ, Switzerland, May 14, 2013 /PRNewswire/ -- Clariant, a world leader in Specialty Chemicals, today announced its investment in Ultimate EOR Services, a provider of enhanced oil recovery solutions based on proprietary technologies developed within the Center for Petroleum and Geosystems Engineering at The University of Texas...

Integrated Agency Will Provide Strategy Development and Support Media Outreach for Castrol's Portfolio of Products and Sponsorships NEW YORK, May 14, 2013 /PRNewswire/ -- Ogilvy Public Relations (Ogilvy PR), an integrated, global communications firm today announced that Castrol®, one of the world's leading provider of lubricant solutions, has selected Ogilvy PR as its primary agency to implement a strategic media relations program across the United States in support of Castrol's...

RR.TSX TORONTO, May 14, 2013 /CNW/ - Rainy River Resources Ltd. ("Rainy River" or the "Company" (RR.TSX)) is pleased to announce further assay results from the Intrepid Zone ("Intrepid") at the Rainy River Gold Project ("RRGP") in northwestern Ontario.  Results are summarized in Table 1. HIGHLIGHTS -- Infill drill hole NR131525 intersected 3.2 grams per tonne ("g/t") gold and 16.0 g/t silver over 25.5 metres, at a vertical depth of 274...

CALGARY, May 14, 2013 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX: TOG) is pleased to announce its financial and operating results for the three month period ended March 31, 2013. The associated Management's Discussion and Analysis ("MD&A") dated May 13, 2013 and unaudited condensed interim financial statements as at and for the three months ended March 31, 2013 can be found at www.sedar.com and www.torcoil.com....

-- Project Continues Strategic Transformation of the Noble Fleet ZUG, Switzerland, May 14, 2013 /PRNewswire/ -- Noble Corporation (NYSE: NE) today announced that the Company has been awarded a drilling contract by Statoil for a newbuild ultra-high specification jackup for use in the United Kingdom sector of the North Sea. The initial contract is for four years and is anticipated to commence during the third quarter of 2016. The total estimated value of the four year primary term...

Shell $aver Cardholders Can Save on Fuel if Helio Castroneves Pilots No. 3 Car to Victory Lane at the Indianapolis 500® HOUSTON, May 14, 2013 /PRNewswire/ -- For the first time, Shell, the No. 1 selling gasoline brand in the U.S., is extending its WINsday promotion into the world of IndyCar for the Indianapolis 500®. If Team Penske driver Helio Castroneves notches a win during the historic IZOD IndyCar Series race, current Shell $aver Cardholders can save 33 cents per gallon* when...

PJ Power Inc, a diesel engine and parts company is celebrating their 8th anniversary. Ocala, FL (PRWEB) May 13, 2013 PJ Power, a company that provides diesel engines and parts, is proud to be celebrating their 8th anniversary. They strive to be the go-to for all diesel engine and parts needs. They are located in Ocala, FL but can ship parts outside of the area as well. PJ Power was founded eight years ago, with a solid foundation in the industry. Their employees have been working in...

CALGARY, May 13, 2013 /PRNewswire/ - (TSX:PMT) - Perpetual Energy Inc. ("Perpetual" or the "Corporation") is pleased to release its financial and operating results for the three months ended March 31, 2013. Perpetual is focused on five key strategic priorities in 2013: 1. Maximize value of Mannville heavy oil; 2. Position for growth of Edson liquids-rich gas; 3. Manage downside risk and reduce debt; 4. Advance and broaden the portfolio of high impact...