Manas Petroleum Corp., a Baar, Switzerland based company, today announces its wholly owned subsidiary, DWM Petroleum AG, has signed a Production Sharing Contract (PSC) for Blocks 2 and 3 in Albania. The blocks cover approximately 3,400 km2 (approximately 850,000 acres). The Albanian government was represented by Mr. Genc Ruli the Minister of Economy, Trade and [...]
Global Energy Services Ltd. announce a major gas producer has placed an order in excess of $1.6 Million for several Activator hydraulic submersible pumps and associated components.
Over the next several months, the pumps will be installed in the gas producer’s conventional gas and Coalbed Methane (CBM) wells in Alberta. The producer selected Global’s patented pump [...]
CNX Gas Corporation, the leading gas producer by revenue in the Appalachian Basin, has recently told the press on its record net income for the quarter ended June 30, 2008 of $64.3 million, or $0.42 per diluted share. This was 55% higher than the net income of $41.5 million, or $0.27 per diluted share, for [...]
CNX Gas Corporation the leading Appalachian gas producer is reported that the company will release its earnings on Wednesday, July 30, before the market opens. The company will hold its quarterly conference call to discuss second quarter results on the same day at 10:00 a.m. Eastern Time.
This call is being webcast by Thomson/CCBN and can [...]
El Paso Corporation announced an expansion of the Colorado Interstate Gas Company (CIG) natural gas pipeline transmission system that serves the Raton Basin. CIG’s Raton Expansion will provide approximately 130 million cubic feet per day (MMcf/d) of incremental firm capacity from the Las Animas County, Colo., area of the growing Raton Basin northward along the [...]
Canadian oil and gas producer Talisman Energy Inc. will buy stakes in two oil-drilling regions in Iraq’s Kurdistan region for more than $300 million.
The Calgary-based company will take a 40 percent stake in one of the production blocks, which it will share with WesternZagros Ltd. and the Kurdistan Regional Government. Costs for that block, including [...]
Cabot Oil & Gas Corporation announced that it has priced a public offering of 4,350,000 shares of its common stock at price to the public of $65.27 per share. The size of the offering represents an increase over the 3,600,000 shares that the Company had previously announced. Proceeds of the offering are expected to [...]
Sabah can be a major economic force in the country if the plan to build a 300mw power plant by Petronas and Yayasan Sabah as well as the emphasis on downstream oil and gas industry with the proposed construction of a petrochemical plant in Kimanis materialise.
The announcement on the two mega projects by Prime Minister [...]
China National Petroleum Corp (CNPC), the parent of PetroChina, said it has signed a memorandum of understanding with South Korea’s Daewoo International for joint oil and gas exploration in Myanmar.
The deal was signed during the state visit to China by South Korean President Lee Myung-Bak.
The company did not provide further details.
CNPC, the country’s top oil [...]
Oil and natural-gas producer Exco Resources Inc.’s board approved a $123 million increase in its 2008 capital budget, to $923 million.
The increase includes $90 million for the more drilling in the company’s Haynesville Shale position in Louisiana, $30 million for additional drilling in its Vernon Field in Louisiana, $2 million for additional Cotton Valley drilling [...]
