Capital City Energy Group To Make Strategic Acquisition of Oilfield Service Company

Capital City Energy Group Inc. continues to expand in the domestic energy space with its strategic acquisition of Hotwell Services Inc., an emerging oilfield service company operating in the Appalachian Basin. The addition of Hotwell Services, Inc. to the Capital City Energy Group portfolio of operating subsidiaries will significantly contribute to the Company’s value proposition for clients, shareholders... 

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Cadre Services Expands Operations to Northern Louisiana

Cadre Services, Inc announced the expansion of its operations to Northern Louisiana. The new regional operation, with facilities in Bossier City, will provide the full complement of Cadre services to customers in this growing energy-producing region. These services include oilfield construction, pipeline services, pump and fabrication services and material products. Joe Cucinotta has been named Location... 

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Gazprom and Schlumberger Sign Advanced Technology Framework Agreement

OAO Gazprom and Schlumberger announced today that they have signed an agreement covering the application of advanced technology to enhance the efficiency of exploration and development for hydrocarbon resources. The agreement covers Gazprom fields in Russia as well as in other worldwide areas. The agreement was signed during a working meeting at Gazprom Headquarters between Alexey Miller, Chairman... 

National Oilwell Varco and Schlumberger Enter Into Agreement to Form Intelligent Drill Pipe Joint Venture

National Oilwell Varco and Schlumberger announced that they have signed a definitive agreement to create a joint venture that combines their respective and complementary expertise in the manufacturing and technology development of wired drill string telemetry systems. The agreement will enable the companies to accelerate delivery of intelligent drilling solutions to customers through the expanded... 

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Maderas Negras & San Bartolo Testing Results

Norwood Resources Ltd. announces that testing of the Maderas Negras and San Bartolo wells in Nicaragua was terminated on October 23, 2008. The Company reports that the testing program recovered noncommercial flows of oil in both wells. Tests were impeded by various problems and inaccurate identification of moveable oil from well logs. The Company plans to reinterpret logs in light of data from the... 

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World Oil Awards Winners Announced

World Oil® magazine announced the thirteen winners of the 2008 World Oil Awards at the seventh annual black-tie gala dinner last night in Houston, Texas. The event, attended by close to 350 industry leaders, benefited two universities that offer programs leading to careers in the petroleum industry. Frank Springett of National Oilwell Varco won the inaugural Next Generation Committee Award for his... 

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Sun Cal Energy Announces Commencement of Commercial Gas Sales From Its Sibley 84 #1 Well in the West Gomez Field

Sun Cal Energy Inc., an energy exploration company focused in the Southern San Joaquin Valley of California, the Anadarko Basin of Oklahoma, the Breton Sound of Louisiana and the Green River Basin of Wyoming, is pleased to announce that the first of several wells to be drilled in the multi-pay prospect in the West Gomez Field, the Sibley 84 #1 well, has reached its target depth, and has been placed... 

Fort Worth-Based Grande Energy Exploration & Production Co. Inks Deal with Mitsubishi Corporation and Schlumberger

Grande Energy Exploration & Production Co., a privately held oil and gas exploration and production company based in Fort Worth, Texas, announced today a project agreement with a US-based subsidiary of Mitsubishi Corporation, which is a Japanese general trading company, and international oilfield services company, Schlumberger. The agreement calls for financing and development of unconventional... 

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EnDevCo Announces Oil Sale and Purchase Agreement

EnDevCo, Inc., the Energy Development Company, announce that it has executed an oil sale and purchase agreement with a major United States oil company. EnDevCo has agreed to sell and deliver crude oil and/or condensate produced from the Company’s Short Junction Field in Cleveland County, Oklahoma. Under the terms of the agreement, EnDevCo will receive an Oklahoma Sweet Crude Posted Price plus a quality... 

Crude oil prices lift Schlumberger’s profit by 13 percent

Oilfield services provider Schlumberger Ltd. reporting a nearly 13 percent jump in profit driven by robust spending among customers searching for new sources of crude and natural gas. Unless the global economy goes into the tank, Schlumberger said it expects continued brisk spending on exploration and production as energy companies try to benefit from high commodity prices. Andrew Gould, chairman...