Repsol YPF, an international integrated oil and gas company operating in over 30 countries, today announced that the company’s advanced seismic imaging project — Kaleidoscope — has begun exploration operations in the Gulf of Mexico and Brazil.
Kaleidoscope is powered by reverse-time migration (RTM), a sophisticated subsurface imaging tool whose potential is accepted by the oil [...]

Silvermet Inc. has entered into an Agreement to acquire Metoks Madencilik Metalurji Tasimacilik Sanayi ve Ticaret A.S. (”Metoks”), the owner of a Waelz kiln in Turkey that processes electric arc furnace dust (”EAFD”) to recover its zinc content. The purchase price is US $9 million. Silvermet will assume the Metoks liabilities of US $4.9 million [...]

Wavefront Energy and Environmental Services Inc., a world leader in fluid injection technology for improved/enhanced oil recovery and groundwater restoration is pleased to announce that a Calgary-based, oil and gas company will deploy eight Powerwave systems in a commercial project located in the Alberta/Saskatchewan heavy oil belt.
Wavefront President and CEO Brett Davidson stated, “We are [...]

Mr. Arne Przybilla, President, Protec Industries Inc., announces that, following the signed agreements announced in last month’s news release, the Company has successfully arranged the financing for both Ukraine oil and gas projects. Protec has negotiated and signed a “Farm-Out” Joint-Venture (JV) Letter Agreement with Eurofund Capital Management Co. Ltd. and a high-profile 3rd party [...]

Sentry Petroleum is reported that the company has announced the formal hiring of independent oil and gas consultancy MBA Petroleum Consultants as the company’s independent evaluator. MBA Petroleum Consultants is a leading international consultancy that uses state-of-the-art technology for assessing the hydrocarbon potential of exploration assets. The company also provides Independent Expert Reports for use [...]

Quest Resource Corporation announced the appointment of Thomas A. Lopus as Executive Vice President - Quest Eastern Resource. Lopus will be based in Pittsburgh, Pennsylvania and will direct all of Quest’s natural gas and oil exploration and production activity in the Eastern United States.
With more than 27 years of experience in the oil and [...]

Quest Resource Corporation (NasdaqGM:QRCP) (”Quest”) announced today the pricing of a follow-on public offering of 8,800,000 shares of its common stock at a price of $10.25 per share. Quest has also granted the underwriters a 30-day over-allotment option to purchase up to an additional 1,320,000 shares of its common stock. The offering is expected to [...]

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 [...]

Sonterra Resources, Inc. (OTC Bulletin Board: SOTR) announced today that Donald Vandenberg has been named as Chief Executive Officer and President of Sonterra effective as of June 23, 2008. Gary Lancaster has been named as Vice President and Chief Legal Officer of Sonterra as of June 23, 2008.
Michael Pawelek, Sonterra’s current Chairman of the Board [...]

Quest Resource Corporation announced today that it has commenced, subject to market conditions, an underwritten public offering of approximately 8.4 million shares of its common stock, par value $0.001 per share. Quest also intends to grant the underwriters a 30-day option to purchase up to approximately 1.26 million additional shares to satisfy any over-allotments.
Quest intends [...]