Universal Property Development and Acquisition Corporation subsidiary Canyon Creek Oil and Gas, Inc., has returned its Archer County Regular Field and Coleman County oil and gas field to production while the Catlin Oil and Gas, Inc. subsidiary completes the workover of the Catlin Field and continues to increase the production from its wells in [...]

Austria’s OMV Gas, which entered Turkey’s energy market by purchasing 34 percent of Petrol Ofisi (PO) for $1.05 billion, is also interested in the country’s natural gas import.
Werner Auli, the company’s executive board director, said they started preparations for such an investment after the market had been liberalized.
While the company remains undecided about what [...]

Russian regulators have given a unit of BP PLC’s Russian oil and gas joint venture six months to fix licensing and environmental violations or face losing key production licenses, the company said Monday.
The state subsoil agency, Rosnedra, decided to give Rospan International a grace period during a meeting Friday, TNK-BP said. Dow Jones Newswires, citing [...]

Singapore Petroleum Company says that the Thai Binh-1X successfully tested natural gas and condensate over two sand intervals. The two intervals flowed at a maximum combined rate of approximately 23.0 million standard cubic feet per day of natural gas through a 128/64″ choke at a wellhead pressure of 534 psi. Condensate was produced at a [...]

Soma Petroleum Limited (SOMA) - symbol SOMPF, an oil and gas resource company has filed for listing on an exchange.
Larry Skolnik, SOMA’s President, said, “The listing on another exchange is a milestone in our growth strategy. With a strong interest in the oil and gas resources based products, the listing will increase the Company’s visibility.”
Also, [...]

Global Carriers Bhd has purchased two new 7,000 deadweight tonnage (DWT) twin petroleum product tanker vessels valued at US$9.98 million each from Ningbo Dongfang Shipyard of China.
The first tanker vessel will be delivered in May 2008 and the second in August 2008, said Global Carriers’ chairman Datuk Azlan Hashim.
The company also has the option to [...]

Shanghai will turn its attention to wind power during a major conference on developing the renewable energy source, which will be held in China’s commercial hub next year.
The Wind Power Shanghai 2007 is scheduled on Oct. 31 and marks the city’s efforts to catch up with other regions of China in the exploitation of wind [...]

Goodrich Petroleum Corporation announced that it has entered into a definitive farmout agreement covering 16,000 acres in 33 sections (21,000 gross acres), in the Alabama Bend field of Bienville Parish, Louisiana. The Alabama Bend field is in the Company’s Cotton Valley trend, located approximately 8 miles southeast of the Elm Grove field and approximately 15 [...]

New Delhi, Nov 27: Gold prices continued to rise on the bullion market today on sustained buying by stockists, influenced by a rising overseas trend and closed higher by Rs 10 at Rs 9,390 per ten grams.
The precious metal registered a gain of Rs 205 per ten grams in the last seven trading sessions, on [...]

Texola Energy Corp. recently announced that it has been advised by Tasman Exploration Ltd., the Operator on the Company’s Chinchaga Suncor Gas Prospect, Alberta, Canada, that it has signed a drilling contract for the resumption of drilling on its first well location, and has also reserved the drilling rig for two additional wells. According to [...]