Petroleum Minister Murli Deora will make a case for Indian firms getting a stake in future Sakhalin projects when he meets Russian Energy Minister Viktor Borisovich Khristenko in Moscow on October 31.
“The Russian Energy Minister has personally written to me inviting me to attend the inauguration ceremony of ”Moscow Energy Dialogue” on October 30. I [...]

Oil and gas company Whiting Petroleum Corp. said Monday its third-quarter profit grew 49 percent, as increased production and oil prices helped offset lower natural gas prices.
Quarterly profit jumped to $49.5 million, or $1.35 per share, from $33.3 million, or $1.12 per share, in the year-ago period. The recent quarter’s results include a gain of [...]

Orbit has almost completed Phase I of well activation for the Orbit Petroleum Partnership Joint Venture according to Mike Hughes, Production Superintendent for Orbit Petroleum, Inc.
This program was begun in late 2005 with the drilling of the test well, the James McFarland A#5 to confirm the Company’s prior test of commercial viability of the deeper [...]

Trans Energy, Inc. completed the acquisition of the J.B. Dewhurst oil and gas lease on September 28, 2006, consisting of a 100% working interest and 87.5% net revenue interest in seven wells located on 2,200 acres in Grant District, Wetzel County, West Virginia. Trans Energy is scheduled to begin a work-over program on the seven [...]

Today, Global Energy Decisions, LLC (Global Energy) announced the release of updated 2006 Oil & Gas Well Maps. The maps cover three key areas of oil and gas production in the United States: the Rocky Mountains, Southwest/Gulf Coast, & Mid-Continent Regions. All three maps are full color, measure 36 x 55 inches and include lamination.
Each [...]

Canadian stocks may struggle to build on this month’s rally as energy producers such as Petro-Canada may fall along with oil prices.
Losses in the market may be limited after Alcan Inc. and Rogers Communications Inc. reported earnings that exceeded analysts’ estimates.
The Standard & Poor’s/TSX Composite Index may also be supported by higher prices for industrial [...]

Crude oil tumbled for a second day on forecasts that warm U.S. weather will curb demand from the world’s largest energy consumer and bolster inventories that are already above average.
Higher-than-usual temperatures are expected in most of the U.S. from Nov. 7 until Nov. 13, the National Weather Service reported. U.S. crude inventories, already 12 percent [...]

Oil prices edged higher Tuesday, after tumbling more than $2 a barrel the previous day as traders anticipated that U.S. supply data due out this week would show rising inventories of crude.
Traders were also doubtful about OPEC’s ability to implement its plan to cut 1.2 million barrels a day of production — or that it [...]

Oil prices fell slightly todayafter suffering the biggest one-day fall for more than a year yesterday.
New York’s main contract, light sweet crude for delivery in December, fell 11 cents to 58.25 dollars per barrel in electronic deals before the official opening of the US market Tuesday.
In London, Brent North Sea crude for December delivery dipped [...]

BOTH the rand and the dollar gold prices are stagnating at around their current levels, but the demand for industrial resources continues at a brisk pace. Lead, for example has gained 66% since mid-June and nickel almost 200% in the past 12 months. The chart shows that over the past 18 months, the basic minerals [...]