Cano Petroleum, Inc has recently told the press about the results of its Fiscal Year End Reserves as prepared by Miller and Lents, Ltd., its new independent petroleum engineer. Proved developed producing (PDP) reserves increased 25% to 10.6 million barrels of oil equivalent (BOE) up from 8.5 million BOE (after FY ’08 production of 0.5 [...]
Schlumberger Ltd told the press that a better-than-expected jump in quarterly profit on Friday and the world’s largest oilfield services company gave an upbeat outlook for energy companies’ spending on oil and gas exploration that helped push its shares up 4 percent. Schlumberger Chief Executive, Andrew Gould, Citing customer response to higher prices, he repeated [...]
Atlas Energy Resources, LLC published a report saying that the company is to release its results for the second quarter 2008 on Tuesday, August 5, 2008 after market hours, and invites investors and other interested parties to listen to the live webcast of its quarterly conference call on Wednesday, August 6, 2008, at 9:00 a.m. [...]
Donnie Lewis says he’d quit the coldest, dirtiest job he’s ever known — drilling in Canada’s oil-rich bogs for Suncor Energy Inc. — if it wasn’t for the free private room, maid service and five-course meals.
“I wouldn’t do it if I had to share a room with six other fellows, all snoring and making a [...]
Duke Energy Corp. is seeking a federal cap on carbon-dioxide emissions at the same time the company is pushing for state approval to build two coal plants at its Cliffside facility in North Carolina.
Ten major companies, including Charlotte-based Duke (NYSE:DUK), are partnering with environmental groups to call for a nationwide limit on carbon-dioxide emissions that [...]
Australia’s trade deficit narrowed in November on increased beef and coal shipments, signaling exports may drive growth in the Asia-Pacific region’s fifth- largest economy.
The trade shortfall narrowed to A$843 million ($657 million) from A$1.51 billion in October, the Bureau of Statistics said in Sydney today. The median estimate in a Bloomberg News survey of 19 [...]
Congressmen Nick Lampson and Ralph Hall confirmed that the Research Partnership to Secure Energy for America or RPSEA has finalized and signed a 10-year, $375 million contract to manage research and development of new technology for natural gas and oil exploration and production.
RPSEA has been negotiating this contract with the U.S. Department of Energy since [...]
US Petroleum Depot, Inc., a subsidiary of Universal Property Development and Acquisition Corporation, has finalized the infrastructure design and is preparing to permit its petroleum storage facilities located in the Port of Brownsville, Texas and will soon launch the planned trading of petroleum condensate produced in Mexico by Petroleos Mexicanos (PEMEX) (www.pemex.com).
The storage facility [...]
Five oil and gas companies, including Shell, ConocoPhillips and BP, have agreed to pay royalties on future production under flawed drilling leases in the Gulf of Mexico, the government said Thursday.
The companies are among 59 energy producers that hold the leases at issue from 1998 and 1999. Because of a government mistake, the leaseholders have [...]
Canadian stocks may struggle to build on this month’s rally as energy producers such as Petro-Canada may fall along with oil prices.
Losses in the market may be limited after Alcan Inc. and Rogers Communications Inc. reported earnings that exceeded analysts’ estimates.
The Standard & Poor’s/TSX Composite Index may also be supported by higher prices for industrial [...]
