Latest Petroleum Stories

CALGARY, May 22, 2013 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce successful completion of the acquisition of an existing Viking light oil waterflood asset in the Dodsland area of west central Saskatchewan as previously detailed in our April 29, 2013 press release. The acquisition adds 900 boe/d (95 percent light oil) of high netback, operated production with a low base decline of 20 percent. Total consideration for the...

Full Speech by Françoise Bertrand, President and Chief Executive Officer of Fédération des chambres de commerce du Québec (Québec's Federation of Chambers of Commerce), at the Toronto Region Board of Trade luncheon on May 22, 2013. TORONTO, May 22, 2013 /CNW/ - Ladies and gentlemen . . . hello. Allow me to begin by presenting the Fédération des chambres de commerce du Québec (FCCQ), an organization that many of you are probably not familiar with. The FCCQ is both...

ZUG, Switzerland, May 22, 2013 /PRNewswire/ -- Noble Corporation (NYSE: NE) today announced that David W. Williams, Chairman, President and Chief Executive Officer, Noble Corporation, will present at the Sanford C. Bernstein Strategic Decisions Conference in New York City on Wednesday, May 29, 2013 at 8:00 a.m. Central Daylight Time. A live webcast and presentation slides will be available at the time of the presentation in the "Investor Relations" section of the Company's Web...

HOUSTON, May 22, 2013 /PRNewswire/ -- Noble Energy, Inc. (NYSE: NBL) announced today a natural gas discovery at the Karish prospect offshore Israel. The discovery well was drilled to a total depth of 15,783 feet and encountered 184 feet of net natural gas pay in high-quality lower Miocene sands. The Karish well, located in the Alon C license approximately 20 miles northeast of the Tamar field, is in 5,700 feet of water. Discovered gross resources, combined with the de-risked...

According to a new market report published by Transparency Market Research "Thermic Fluid Market by Product (Silicone and Aromatics, Mineral Oils, GlycolBased Fluids, etc.), by Application (Oil and Gas, Chemicals, Solar, Pharmaceuticals, etc.) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018," the global thermic fluid demand was 405.3 kilo tons in 2011 and is expected to reach 597.4 kilo tons by 2018, growing at a CAGR of 5.7% from 2012 to 2018....

Greyrock, in conjunction with industry partners, will deploy Micro GTL plants to monetize low value associated natural gas SACRAMENTO, Calif., May 21, 2013 /PRNewswire/ -- Greyrock Energy, Inc. announced today plans to deploy Micro GTL plants capable of converting low value natural gas into premium diesel fuel using Greyrock's next generation conversion technology. Greyrock's technology enables distributed production of fuels from a variety of abundant gas sources, including...

A new energy sector based on algal biofuels could guarantee Australia’s transport fuel and food security far into the future, a new report says. Potentially worth $50 billion a year, the industry would produce fuel, food, stockfeed, plastics, textiles, paper, fertilizers, chemicals and pharmaceuticals and employ up to 50,000 Australians in new jobs, according to the study Food and Fuel Forever, released today (May 21, 2012) by Perth-based thinktank Future Directions International (FDI)....

DALLAS, May 21, 2013 /PRNewswire/ -- Permian Basin Royalty Trust (NYSE: PBT) ("Permian") today announced a correction to the capital expenditures dollar amount reported in the May cash distribution announcement on May 20, 2013. The correct amount for the capital expenditures is approximately $1,859,173. This number reflects what was net to the Trust. Permian's cash distribution history, current and prior year financial reports and tax information booklets, a link to filings made...

CHICAGO, May 21, 2013 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Actavis, Inc.'s (NYSE:ACT), BP plc (NYSE:BP), Total SA (NYSE:TOT), Petrobras (NYSE:PBR) and Devon Energy Corporation (NYSE:DVN). (Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO) Get the most recent...

HOUSTON, May 21, 2013 /PRNewswire/ -- Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) announced today that its monthly report of drilling rig status and contract information has been updated as of May 20, 2013. The report titled "Monthly Fleet Status Report," can be found on the Company's website www.rowancompanies.com. (Logo: http://photos.prnewswire.com/prnh/20120827/DA62568LOGO) Notable events in the current report include: Gorilla IV: Awarded a six month...