Canadian natural gas and oil producer Compton Petroleum Corp. will sell four energy-producing properties for a total of $218 million.
The Calgary-based company did not name the buyers for the sites, which produce the combined equivalent of 3,700 barrels of oil per day. More than half of the production — 14.3 million cubic feet a day — is... 
Shares of BPZ Resources Inc. soared after the oil and gas exploration and production company said it is in talks with a unit of Royal Dutch Shell PLC about jointly developing Peru properties.
The companies agreed to negotiate terms of a so-called farmout agreement whereby Shell may earn a stake in three northwestern Peru properties that are believed...
A House panel is considering legislation that would require public oil, gas and mining companies to disclose payments to foreign governments.
The bill is authored by Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee. He maintains it would benefit shareholders by letting them better assess risks and compare payments among...
The Energy Department’s Energy Information Administration said in its weekly report that natural-gas inventories held in underground storage in the lower 48 states rose by 90 billion cubic feet to over 2.03 trillion cubic feet for the week ending June 20.
The inventory level was slightly below the five-year average of 2.09 trillion cubic feet,...
Sonterra Resources, Inc. (OTC Bulletin Board: SOTR) announced today that Donald Vandenberg has been named as Chief Executive Officer and President of Sonterra effective as of June 23, 2008. Gary Lancaster has been named as Vice President and Chief Legal Officer of Sonterra as of June 23, 2008.
Michael Pawelek, Sonterra’s current Chairman of the...
Victory Energy Corporation (OTC BB:VYEY.OB) announced today it has engaged consultants, industry experts in horizontal drilling technology, for the Canyon Sandstone formation. The horizontal drilling evaluation is for the Corporation’s gas play in the Texas Permian Basin.
The consultants are optimistic that horizontal drilling can be successfully...
Best Energy Services, Inc. (OTC Bulletin Board: BEYS), a U.S. energy production equipment and services provider, today announced its financial results for the first fiscal quarter, ended April 30, 2008, including the results for subsidiaries Bob Beeman Drilling Company and Best Well Service, Inc., which were both acquired on February 14, 2008, and comparable...
JED Oil Inc. (AMEX: JDO ) (“JED” or the “Company”) today announced that it signed a Term Sheet with the holders of its $40.24 million principal amount of 10% Senior Subordinated Convertible Notes (“Notes”) for the redemption of the Notes by September 30, 2008. The Term Sheet is attached to a Note Amending Agreement with holders of a majority...
ERG SpA, Italy’s largest independent refiner, said Tuesday signed a joint venture deal with Lukoil, Russia’s largest private oil company.
ERG said in a statement that a new company will be created — 51 percent owned by the ERG Group and 49 percent by Lukoil.
ERG will contribute the assets of its refinery in Priolo, a town in eastern...
BP PLC broke ground for a wind farm in Kansas. The first phase of the project, located about 60 miles southwest of Wichita, is expected to generate up to 100 megawatts of electricity starting at the end of the year.
Once the turbines are in place, utility Westar Energy Inc. will own 50 percent of the wind farm and buy half the power produced from BP...
Pacific Energy Development and Blast Energy Services Sign Merger Agreement
Pacific Energy Development Corp. (“PEDCO”), a privately-held oil and gas company engaged...
Silvore Fox Updates Progress on Winston Lake and Coxheath
Silvore Fox is pleased to announce that they have received the results of the Geotech Ltd VTEM...
Goldcorp Supports Acquisition Of Primero Mining Corp By Northgate Minerals Corporation
GOLDCORP INC. today agreed to support the proposed transaction by which Northgate Minerals...