Great Northern Oilsands Inc. - has been informed by the operator that the 10 day drilling program of the prolific D3 Reef Test Well in the Rich/Rumsey Area of Central Alberta, has been delayed. The spud date for the well has been delayed due to bad weather conditions in the area. Great Northern [...]

Great Northern Oilsands Inc. has been informed by the operator that the 10 day drilling program of the prolific D3 Reef Test Well in the Rich/Rumsey Area of Central Alberta, has been delayed. The spud date for the well has been delayed due to bad weather conditions in the area. Great Northern anticipates the [...]

Energy company Noble Energy Inc. said Monday it discovered oil at one of its blocks off the coast of Equitorial Guinea.
The company said the Block I find — which was drilled to 10,460 feet — yielded about 1,038 barrels per day of hydrocarbon liquids in production tests and 34.3 million cubic feet per day of [...]

China, keen to ease its dependence of coal and oil to feed its booming economy, has tapped a potential new fuel source — “flammable ice”, state media said on Wednesday.
Stable only at low temperatures or under high pressure, flammable gas, or gas hydrates, are extremely fragile and mainly exist either in the seafloor or below [...]

Beach Petroleum Ltd has posted record quarterly oil and gas production, boosted by its takeover of Delhi Petroleum.
In its second quarter, Beach produced 2.31 million barrels of oil equivalent (mmboe) and revenue of $130.9 million, outstripping production of 2.28 mmboe and $94 million of revenue in the December quarter.
Last September Beach snapped up Delhi for [...]

GeoResources, Inc., announced the closing of the mergers (the Merger) with Southern Bay Oil & Gas L.P. and Chandler Energy, LLC, after receiving all required shareholder approvals.
The combined entity has assets in the Gulf Coast, Rocky Mountains and Williston Basin. In connection with the Merger, Southern Bay made capital contributions of approximately $19.4 million, with [...]

China aims to produce 193 million tonnes of oil and 92 billion cubic metres of natural gas by 2010, according to an energy blueprint released by the National Development and Reform Commission (NDRC) on April 10.
While the target represents a mere 5% growth in oil output compared to last year, or 2.12% in annual growth, [...]

Torque Energy Inc. has filed with Canadian securities authorities its audited financial statements and related Management’s Discussion and Analysis and the reports relating to reserves data and other oil and gas information as at November 30, 2006.
During the year ended November 2006, the Company:
- entered into a new credit facility in the amount of [...]

Canadian oil and gas producer TransGlobe Energy Corp. said Thursday its fourth-quarter profit grew 9 percent, benefiting from increased production in Yemen and Canada.
Quarterly earnings rose to $4.7 million, or 8 cents per share, from $4.3 million, or 7 cents per share, in the prior-year period. Oil and gas revenue grew to $27 million [...]

BPZ Energy, Inc. announced the results of tests conducted on the CX11-21XD well in the Corvina field located offshore northwest Peru. The well tested at a rate of 40 million cubic feet per day (MMcfpd) of natural gas and 3,150 barrels of crude oil per day (bopd).
A total of four Drill Stem Tests (DST) were [...]