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 [...]