Pacific Rubiales Energy Corp. announced the results of the latest well drilled in its exploration campaign in the Rubiales and Piriri Blocks, located in the Llanos Basin of Colombia.
The exploratory well, identified as RUB-147, was drilled in the northwestern area of the Rubiales Block in the “Buffer Zone” (a 5 km strip that surrounds the [...]
Canadian Superior Energy Inc. announced today what it calls its “Oasis” Project, referring to the Company’s entry into North Africa. Oasis commenced with the formal signing ceremonies for the offshore “7th of November Block” Exploration and Production Sharing Agreement (”EPSA”) that were conducted Wednesday, August 27, 2008, in Tunis, Tunisia. Canadian Superior and the Tunisian/Libyan [...]
Pacific Rubiales Energy Corp. announced that it has awarded, in conjunction with Ecopetrol S.A. (Ecopetrol), the construction of the Oleoducto de los Llanos Orientales Pipeline to the Consorcio Rubiales-Monterrey, a joint venture between Spiecapag and Ismocol (collectively, the Contractor).
This project will provide the company with a substantial reduction of transportation costs for Rubiales Crude to [...]
Rock Solid Images, a member of the OHM Group, announces that the company has been chosen to provide rock physics-driven, reservoir property inversion services to Kosmos Energy and Tullow’s appraisal and development drilling campaign for the Jubilee Field, offshore the Republic of Ghana.
Kosmos Energy Senior Vice-President and partner, Kenny Goh and Tullow Exploration Manager, Robin [...]
Following the decision of the Icelandic government to start tendering exclusive licences in January 2009 for oil exploration in the Dreki area (in the Atlantic, northeast of Iceland on the Jan Mayen Ridge, between Iceland and Jan Mayen Island), an international conference has been announced in Reykjavik on 4-5 September. The Icelandic National Energy Authority [...]
Franklin Mining, Inc. Chairman and President William A. Petty is pleased to announce that during his latest visit to Buenos Aires, a Letter of Intent was signed with Epsur for the possible future development of oil fields in the northern part of the Province of Santa Cruz, Argentina.
Mr. Fernando Infante, Executive Vice President, Franklin Mining, [...]
Hydrogen Energy International LLC, a joint venture of BP Alternative Energy and Rio Tinto, announced plans to file an AFC (Application for Certification) before the California Energy Commission on Thursday, July 31, 2008, for a proposed hydrogen fuel production facility and power plant in Kern County, California. The filing initiates a comprehensive regulatory review process [...]
Iraqis trying to gas up their cars sat in lines that stretched for miles through downtown Baghdad, as the government prepared to accept bids on its petroleum fields.
The country’s fragile oil distribution system means that periodic shortages appear from time to time. But this week’s crunch seemed among the worst.
Iraq announced Monday that it will [...]
Iraq’s oil ministry said it is postponing the deadline for bids to develop the prized Akkas natural gas field in the western part of the country until May 18. The new deadline comes after the ministry said it was unable to lure enough offers by a previous deadline two weeks ago because of a lack [...]
A shale formation stretching North Dakota and Montana may have an estimated 3 to 4.3 billion barrels of technically recoverable oil, according to a U.S. Geological Survey assessment.
Known as the Bakken Formation, the find would make the recoverable oil in North Dakota and Montana the largest U.S. oil reserves outside Alaska.
The recently released assessment shows [...]
