Gulf Onshore, Inc. announces mid-month oil production figures.
As of August 17, 2008, Gulf Onshore has 627 BO gauged and in the Company’s tank batteries for pick-up from its leases in Throckmorton Co. and Shackelford Co., Texas; an additional 168 BO has already been sold in August 2008. Revenues from August 2008 oil sales will be [...]

American Resource Technologies, Inc. has been informed by the operator that by putting two new wells on line in July, oil sales increased more than 100% from June. With four new wells being brought to production during this month the Company expects to see this continued growth in its oil sales.
The company is based in [...]

Hyperdynamics Corporation announced that its Louisiana based oil production operations reported gross oil sales of approximately 15,592 barrels for the 4th quarter ending June 30, 2008. The Company’s revenue derived from this production is approximately $1,260,000. This sets a new production record and represents the highest quarterly revenue ever for the company.
June oil sales held [...]

Hyperdynamics Corporation (AMEX:HDY) announced today that its Louisiana-based operations reported May gross oil sales in excess of 5,200 barrels as production continues to be constrained by record setting floods being experienced along the Mississippi River. Although the floods have hampered production for months, the company reported that it received an average price in excess $123 [...]

Venezuelan state oil giant PDVSA has decided to sign some oil contracts in euros in the face of a plummeting dollar, local media reported, citing officials.
“There are some contracts in euros, contracts for crude, products and spot markets in euros. This is a subject which we are working on,” said energy minister and Petroleos de [...]

State-controlled oil company OAO Rosneft and Britain’s BP PLC have signed an agreement on exploratory drilling off the coast of Russia’s Far East island of Sakhalin, Rosneft said in a statement late Wednesday.
Under the terms of the agreement a joint venture controlled 51 percent by Rosneft and 49 percent by BP will drill six exploratory [...]

Venezuelan President Hugo Chavez visited a Harlem church Thursday and promised to double the amount of discounted heating oil his country ships to needy Americans. But he also took another swipe at President Bush.
A day after he called Bush “the devil” in a speech to the U.N. General Assembly, Chavez said of the president: [...]