Sasol Petroleum Sofala, a wholly owned subsidiary of Sasol Petroleum International, has completed its first exploration well, Njika-1, in Block 16/19 in Mozambique. The well is located in waters at a depth of 460 meters and was drilled to a total depth of 1615 meters. The well accessed the predicted targets and measurements indicate the [...]

Major oil companies have maintained their stronghold as the world’s most financially effective energy businesses, according to the 2008 Platts Top 250 Global Energy Company rankings announced here Monday evening. But the rankings also point to a performance resurgence by non-oil firms, such as electric utilities, and to the rising importance and influence of Asia-Pacific [...]

Forbes Energy Services Ltd. announced that a joint venture between the Company and Merco Ingenieria Industrial S.A. de C.V. has executed a 24-month contract with PEMEX Exploracion y Produccion, a subsidiary of Petroleos Mexicanos, to provide construction, workover and maintenance services to existing wells in Mexico. Under the terms of the initial $72 million contract, [...]

The President of Creston, Mr. Brian R. Jones report, “At the end of 2nd quarter 2008, average daily field crude oil production was up from the 1st quarter average daily field crude oil production. This five percent increase in production along with the higher international crude oil price gave Creston Resources Ltd. an increase in [...]

Nexant announced today that three gas industry experts—Mike Fulwood, Brian Little, and John Conway—have joined the company’s global gas practice. The three are former principals and founders of Energy Markets Partners LLP, a U.K.-based energy consultancy specializing in natural gas markets. Additionally, Nexant has also acquired a unique proprietary natural gas model that was developed [...]

Lexaria Corp. announce that Belmont Lake oil field in Mississippi is expected to be back into production next week. For the first time our wells will be producing with the aid of artificial lift (pumping).
We now have our first good early indications of the potential for this oil field. It is the Company’s goal that [...]

Key Energy Services, Inc. announced that it has agreed to invest approximately $35 million in Geostream Services Group (”Geostream”) in exchange for a fifty percent (50%) equity interest in the company. Geostream, which is headquartered in Moscow, provides drilling and workover services and sub-surface engineering and modeling in the Russian Federation. Key also has the [...]

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 [...]

Baker Hughes Inc. never stopped counting oil rigs in North Dakota, but in 1998 the company removed the state from its list of those with major drilling activity. The list is widely disseminated by the media.
Baker Hughes at the time cited a lack of drilling in North Dakota. The company does not have figures for [...]

The number of rigs actively exploring for oil and natural gas in the United States rose by six this week to 1,928. A year ago, the rig count stood at 1,790.
Of the major oil- and gas-producing states, Texas gained 14 rigs, Oklahoma added five and Alaska and California each gained one. Louisiana lost nine rigs, [...]