Marathon Oil Corporation announced that it has entered into a definitive agreement with Centrica plc, the parent company of British Gas, under which Centrica will purchase Marathon’s non-operated interests in the Heimdal infrastructure, related producing fields and associated undeveloped acreage offshore Norway. The transaction, which has a total value of $416 million and an [...]

Infinity Energy Resources, Inc., an independent oil and gas exploration and development company, today announced that the regional government council of the Autonomous Region of the Southern Atlantic (”RAAS”) voted to approve the Company’s offshore Nicaraguan exploration and development contracts on July 4, 2008.
“This represents the achievement of a critical objective in our quest [...]

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 [...]

America West Resources, Inc., a domestic coal producer with mining operations in Central Utah, is pleased to announce that the Company has officially commenced coal production in Section II of its Horizon mining operations.
“Expanding our mining operations into Section II represents a mission-critical milestone for our Company and one that we have worked very hard [...]

Occidental Petroleum Corporation announced an agreement with SandRidge Energy to develop a West Texas hydrocarbon gas processing plant and related pipeline infrastructure that will provide carbon dioxide (CO2) for use in Oxy’s enhanced oil recovery (EOR) projects. The new CO2 resources are expected to expand Oxy’s Permian production by a minimum of 50,000 barrels [...]

Dimension Resources Ltd. said it failed to get approval from the South African Reserve Bank to acquire a diamond-mining business in South Africa.
The company also said it did not get a company that produces oil for bio-diesel as it could not secure title to company’s assets.
The company reported it widened its full-year pretax net loss [...]

Energas Resources, Inc. announced today that the company is currently waiting on the completion rig to move onto the Finley #5 well location in Niobrara County, Wyoming. The completion rig contractor has reported an unexpected delay on their previous job for an unrelated company and plan to move to the Finley #5 location upon conclusion.
“We [...]

Tri-Valley Corporation has exceeded 2,000 barrels of oil equivalent per day (BOED) rate with total field production recorded at 2,058.3 BOED from its 43 active producing wells on six California properties. This surpasses the original year end 2008 Company Plan of 2,000 BOED by more than six months.
“With tested productive capacity of individual wells now [...]

Shares of BPZ Resources Inc. soared after the oil and gas exploration and production company said it is in talks with a unit of Royal Dutch Shell PLC about jointly developing Peru properties.
The companies agreed to negotiate terms of a so-called farmout agreement whereby Shell may earn a stake in three northwestern Peru properties that [...]