Chevron Corporation announced that its wholly owned subsidiary, PT. Chevron Pacific Indonesia, has started producing crude oil from the North Duri Field Area 12 in Indonesia, where Chevron produces nearly half the nation’s crude oil.
First oil was achieved on Nov. 14, 2008, and production is projected to increase to 34,000 barrels of crude oil per [...]
Ecosphere Technologies, Inc., a diversified water engineering and services company, announces today it has signed a water recycling services contract with Newfield Exploration Mid-Continent. Newfield Exploration is an independent crude oil and natural gas exploration and production company and a subsidiary of Newfield Exploration Co. Ecosphere and Newfield had previously entered into a three month [...]
California Oil & Gas Corporation announce that drilling has commenced on the Sunday Number 1 well in the San Joaquin basin of Southern California. The well spudded Friday, November 21, 2008 utilizing Nabors Drilling USA Rig Number 472. Drilling should be completed in less than seven days.
The Sunday Number 1 well is the first of [...]
Surge Global Energy, Inc. announce that its wholly owned subsidiary, Surge Energy Resources, Inc., has concluded leasing approximately 640 acres in Crane County, Texas at a cost of about $140,000. Surge plans on drilling its first oil & gas discovery well on those leases within the next 30 days at a drilling cost of approximately [...]
Plains All American Pipeline, L.P. announced that it has entered into a new $525 million committed hedged inventory credit facility, maturing in November 2009. Borrowings under the facility will be primarily used to finance the purchase of hedged crude oil inventory for storage activities when market conditions warrant as well as foreign import activities. The [...]
Enbridge Energy Partners, L.P. announced a non-binding Open Season for additional firm capacity on its Enbridge Pipelines (Midla), L.L.C. subsidiary’s interstate natural gas transmission ‘Midla’ pipeline system. The Midla system is a 170-mile, 22-inch diameter low-pressure pipeline spanning Louisiana and Mississippi from the Perryville Hub area at the north end of the system to [...]
Chevron Corporation announced that its subsidiary Chevron Africa Holdings Limited has agreed to sell 100 percent of its shareholdings in Chevron Kenya Limited and Chevron Uganda Limited to Total Outre Mer S.A (Total). Under the terms of the sales, Total is to acquire Chevron’s marketing businesses in both countries. Chevron Kenya Limited and Chevron Uganda [...]
TransAtlantic Petroleum Corp. announced today its intention to make an all cash takeover offer for all of the shares in Incremental Petroleum Limited. Incremental is publicly traded on the Australian Stock Exchange under the symbol “IPM.” Incremental is an oil and gas company with its main operations in Turkey and some additional properties in California, [...]
NuStar Energy L.P. announced record net income applicable to limited partners of $141.5 million, or $2.60 per unit, for the third quarter of 2008, almost three times higher than the $45.4 million, or $0.97 per unit, earned in the third quarter of 2007. The third quarter 2008 results represent the highest quarterly earnings in the [...]
The Shenhua Ningxia Coal Industry Group and its partner Sasol, today signed a contract with Foster Wheeler International Corporation and Wuhuan Engineering Company to carry out the Feasibility Study for an 80 000 bbl/d coal to liquids (CTL) plant at the Ningdong Chemicals Base in the Ningxia Hui Autonomous Region of China.
The Ningdong base is [...]
