Tethys Petroleum: Protocol Signed for Northern Tajikistan Areas

Tethys Petroleum Limited announce that following meetings with the Prime Minister of the Republic of Tajikistan it has signed a Protocol of Intent (“POI”) with the Ministry of Energy and Industry concerning the negotiation of a Production Sharing Contract (“PSC”) for exploration and production in certain prospective areas in the north of the country. In the POI it is agreed... 

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OriginOil Announces Breakthrough Process to Extract Oil from Algae

OriginOil, Inc., the developer of a breakthrough technology to transform algae, the most promising source of renewable oil, into a true competitor to petroleum, today announced an innovative single-step process to extract oil from algae. In addition to integrating this process into its own production system, OriginOil plans to rapidly commercialize the patent-pending process for use by others in the... 

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Cavitation Technologies, Inc. Filed a Patent for Rapid Modification of Crude Oil

Cavitation Technologies, Inc. has filed a patent for rapid modification of crude oil. It is proven that cavitation in fluids provide superior mixing and may significantly accelerate rates of chemical reactions and processes. By applying this concept to oil refining industry the company was able to increase the efficiency of refining crude petroleum to gasoline, kerosene, diesel, jet fuel and other... 

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ExxonMobil Technology Yields Worlds Largest LNG Carrier

Exxon Mobil Corporation’s technology leadership in liquefied natural gas or LNG has resulted in an industry breakthrough in carrier design and size, enabling the more efficient transport of natural gas to markets throughout the world. The recent completion of the world’s first Q-Max LNG carrier, named ‘Mozah,’ marks a step change in LNG shipping by reducing transportation cost, while improving... 

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ION and PGS Sign Fleet-Wide Agreement for Orca

ION Geophysical Corporation announced that its Concept Systems software group has signed a five-year agreement with Petroleum Geo-Services (PGS), one of the leading geophysical companies in the world. The agreement, the largest ever for Concept Systems software, specifies that PGS will upgrade all existing 2D and 3D towed streamer vessels to Orca® command & control in a phased manner and that... 

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TGS Initiates New Interpretation Project in Brazil

The Geological Products and Services division of TGS-NOPEC Geophysical Company (TGS) announced today that it has commenced a new multi-client interpretive study of offshore Brazil utilizing the company’s proprietary Facies Map Browser (FMB) application. The FMB allows explorationists to visualize the distribution of and relationship between the various elements of a petroleum system within a depositional... 

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TGS Initiates New Interpretation Project in Brazil

The Geological Products and Services division of TGS-NOPEC Geophysical Company (TGS) announced that it has commenced a new multi-client interpretive study of offshore Brazil utilizing the company’s proprietary Facies Map Browser (FMB) application. The FMB allows explorationists to visualize the distribution of and relationship between the various elements of a petroleum system within a depositional... 

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Cantex announces option agreement with Vale

Cantex Mine Development Corp. announce that Vale International SA, a wholly-owned subsidiary of Companhia Vale do Rio Doce, has signed a letter agreement for the Company’s Suwar, Wadi Qutabah nickel, copper, cobalt and platinum group element projects in Yemen. Vale’s minimum exploration commitment under the agreement is US $2 million to be spent prior to August 31, 2009. Vale has the right... 

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Oil Purification Systems Establishes New Oil and Gas Business Unit

Oil Purification Systems, the leader in fluid cleaning technology, today announced the formation of a new Oil and Gas Business Unit, and the appointment of Steve Carroll as president of the group. The newly formed business unit was established to provide additional support for OPS’ current and prospective customers in the oil and gas industry. Carroll joins OPS as president of the Oil and Gas Business... 

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Allied Energy Provides a Summary of Operations for Its Southern Fields in Rogers County, Oklahoma

Allied Energy, Inc. provided the following report regarding its drilling, completion and production operations in Rogers County, Oklahoma for the following programs: 12-Well Program (USCBM) The Begley #12-3 and Begley #12-4 wells are now in production with the Noble Brewer #12-1 and Noble Brewer #12-2 wells in the final stages of completion. Artificial lift systems are currently being installed for...