A mining offshore company, W&T Offshore Inc released the report on its second quarter 2008 financial and operations results at approximately 6:00 a.m. Eastern on Tuesday, August 5, 2008 to the press. In relation to the report, the W&T Offshore Inc has scheduled a conference call, which will also be broadcast live over the Internet, [...]

NACTO Group Inc told the press saying that the company has just been awarded a $24.9 million contract to provide membrane separation technology and equipment to capture CO2 for re-injection in Bouri, Libya’s largest offshore oil field. An oil company operating in the Mediterranean Sea, operates the Bouri production platforms, one of which will house [...]

Mogul Energy International, Inc was notified about Sea Dragon Energy Inc Initial public offering of common shares on the TSX Venture Exchange, on July 15, 2008, raising gross proceeds of CAD $35,000,000 at $0.60 per share closing.
4 million common shares of Sea Dragon is owned by Mogul through its April 24th, 2008 Agreement of [...]

Emerging Capital Partners (ECP), an international private equity firm focused on investing across the African continent, today announced a U.S. $30 million initial investment in Salt Investment S.A. (SI). The company is a new Djibouti-based salt production and export company that will harvest, wash and export salt extracted from Lake Assal, the largest undeveloped salt [...]

Ben Bernake, Federal Reserve Chairman, stated that the U.S. economy is facing “significant” risks to growth, while the Organization of Petroleum Exporting Countries lowered its forecast for world oil-demand growth for 2008 and 2009. in apart chances John Kilduff, an analyst at futures brokerage MF Global, said “Signs of economic contraction and financial-market malaise are [...]

A quite surprising news has been announced today saying that Grey Wolf and Basic Energy Services have terminated the agreement and plan of merger formerly entered into Three major Companies i.e. Basic Energy Services, and Horsepower holdings, Inc on April 20th 2008 pursuant to Section 7.1(b)(iii) of the Merger Agreement.
The termination of the merger agreement [...]

Offshore Rig Fleet contract status of ENSCO International report can be accessed through their oficial website. In the report of contract status of ENSCO’s offshore rig fleet includes information on The company’s estimated rig availability, contract duration or future day rates, customers or contract status.
ENSCO, headquartered in Dallas, Texas, owns and operates a modern fleet [...]

An independent reserve report data quantifying its holdings in Kentucky and Tennessee for net oil and gas reserved revealed by Platina Energy group, Inc. In such quite short report it is said that the specific net recoverable quantities are 1.85 million barrels of oil and 24BCF of natural gas. At present pricing, this represents [...]

Abraxas Petroleum Corporation announced that it has received approval on two of its drilling permits in Brooks Draw, Wyoming.
Abraxas anticipates receiving approval on three additional permits during the third quarter of 2008. A rig has been scheduled for mid-August and initial plans are to drill one well at a time with evaluation periods in-between. [...]

U.S. Energy Corp., a natural resources exploration and development company with interests in molybdenum, uranium, oil and gas, gold, and real estate, today announced that PetroQuest Energy L.L.C. (”PetroQuest”) (PQ) has spudded the Bluffs Prospect in Louisiana.
U.S. Energy Corp. is participating in this well as a 20% working interest partner with PetroQuest. This initial well [...]