Murphy Oil Announces Turquoise Marine-1 Discovery in the Republic of Congo

Murphy Oil Corporation announced an oil discovery at the Turquoise Marine-1 prospect located in the Mer Profonde Sud (MPS) block, offshore Republic of Congo (Brazzaville). The well was drilled in 5,285 feet of water to a total measured depth of 12,060 feet and encountered in excess of 136 feet of net oil pay. The Turquoise Marine-1 discovery is approximately 17 miles from the Murphy operated Azurite... 

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Murphy Oil Announces Samurai Discovery in the Gulf of Mexico

Murphy Oil Corporation announced an oil discovery at the Samurai prospect located in Green Canyon Block 432 in the Gulf of Mexico. The well was drilled in approximately 3,400 feet of water to a total depth of near 31,700 feet. The well encountered in excess of 120 feet of net pay in high quality Miocene Sands. Murphy holds a 33.33% working interest in the discovery. Other equal partners include the... 

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Martinez petroleum firm hit with suit

State and local prosecutors filed a $50 million lawsuit against a Martinez petroleum company and two of its affiliates Monday, accusing them of disabling monitoring devices that would help prevent gasoline leakage at their gas stations. About 30 gas stations across the state owned by or associated with Martinez-based Golden Gate Petroleum were accused of tampering with safety monitoring sensors and... 

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Antarctic Geological Drilling Program has exceeded all expectations

One week ago (Nov. 21), the drilling team passed the 1,000-meter mark in rock core pulled from beneath the sea floor in McMurdo Sound, and with a remarkable recovery rate of more than 98 percent. The end of drilling is scheduled for this weekend, and only a few tens of meters of core remain to be recovered for an expected final total of more than 1,100 meters (3,600 feet). It’s the second-deepest... 

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New council member resigns

Recent additions to the Wyoming Environmental Quality Council have all come from the oil and gas industry, which could hinder the council on matters regarding water discharge — a key element of the state’s energy industry. When terms for three of the seven-member council expired at the end of January, Freudenthal appointed Craig Newman, David Searle and Kirby Hedrick to fill the seats.... 

Midwest Has ‘Coal Rush,’ Seeing No Alternative

COUNCIL BLUFFS, Iowa – From the top of a new coal-fired power plant with its 550-foot exhaust stack poking up from the flat western Iowa landscape, MidAmerican Energy Holdings chief executive David L. Sokol peered down at a train looping around a sizable mound of coal. At this bend in the Missouri River, with Omaha visible in the distance, the new MidAmerican plant is the leading edge of what... 

Australian Market Slips On Lower Oil, Gold And Base Metal Prices

Sydney shares closed in the negative territory on lower oil, gold and base metal prices. Mining stocks declined. The benchmark S&P/ASX 200 index slipped 12.8 points or 0.2% to 5,572.0. Out of the 201 stocks traded, 115 stocks declined, 68 advanced and 18 closed flat. Turnover was A$4.03 billion on a volume of 466.65 million shares. The broader All Ordinaries index ended at 5,549.8 after shedding... 

Franklin Electric sale of Bluffton plant, 2nd ethanol project top stories of 2006

From major economic development announcements and projects in terms of two ethanol plants to the nearly completed expansion of the Wells County Library and state accolades to Norwell students, Wells County experienced good times in 2006. From the untimely and tragic deaths of several Wells County residents to the closing of an Ossian manufacturing plant that idled workers, Wells County also has experienced... 

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Australian Market Rises As Mining, Energy Stocks Gain; Indices Close At New High

Sydney shares closed higher with the S&P/ASX 200 index touching a high of 5,575.4, up 2.3 points or 0.04% beating Thursday’s record of 5,573.1. The market rose following the gains on the Wall Street. Energy companies and big miners led the gains. Gains were limited as investors awaited the U.S. inflation data and other economic data next week in Australia. The broader All Ordinaries index... 

Oil Giants Put Energy Into Other Resources

Inside two half-million-gallon tanks built in the 1950s, a team of microorganisms is preparing to munch its way into the annals of energy innovation. Late this month, the microbes will start transforming truckloads of restaurant grease into electricity for a water pollution control plant in Millbrae, Calif. The one-of-a-kind setup relieves the city and area eateries of a fatty disposal headache while... 

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