SAN RAMON, Calif.–(BUSINESS WIRE)–Chevron Corporation (NYSE:CVX - News) announced today that its subsidiary, Cabinda Gulf Oil Company Ltd. (CABGOC) and its partners, commenced crude oil production at the Tombua-Landana project located 50 miles (80 kilometers) offshore Angola.
Located in approximately 1,200 feet (366 meters) of water in Block 14, the $3.8 billion development is expected to [...]
Total proved & probable reserves of 17.8 MMBOE - First reserves assigned at South Texas oil project - First independent reserves assigned at Delhi - Shallow gas shale project test drilling initiated
HOUSTON, Sept. 9 /PRNewswire-FirstCall/ — Evolution Petroleum Corporation (NYSE Amex: EPM) today reported that its independent reservoir engineers have assigned net proved and [...]
BreitBurn Energy Partners L.P. (the “Partnership”) (NASDAQ:BBEP - News) announced today the sale of the Lazy JL Field located in the Permian Basin of West Texas. The properties were sold to a private buyer for a cash purchase price of $23 million. Proceeds from the transaction, which closed on Friday, July 17, 2009, will be [...]
CALGARY, July 2 /PRNewswire-FirstCall/ - Compton Petroleum Corporation (TSX - CMT, NYSE - CMZ) is pleased to announce the completion of the annual renewal of its reserve-based credit facility (the ‘Facility’) with a syndicate of four Canadian and international banks (the ‘Syndicate’). Under the terms of renewal, the Corporation has available to it a revolving [...]
Kinder Morgan Energy Partners, L.P. (NYSE: KMP - News) today announced that Plantation Pipe Line Company is the first pipeline company in the United States to transport biodiesel for commercial purposes. Plantation completed the first transmarket commercial shipment of blended 5 percent biodiesel (B5) on a mainline segment of the pipeline. The company injected B99 [...]
Enterra Energy Trust’s (”Enterra”, “We”, “Our” or the “Trust”) annual credit facility renewal process has been completed with its Bank Syndicate lenders, The Bank of Nova Scotia, HSBC Bank Canada and Union Bank of California. The credit facility revolving period has been renewed until June 25, 2010 and has a further one year term out [...]
By Edward McAllister
NEW YORK (Reuters) - Oil rose to a six-month high above $66 per barrel on Friday, marking its largest monthly percentage gain in more than a decade, after U.S., Japanese and Indian data suggested the economic downturn may be easing.
Oil prices jumped around 30 percent this month, the largest monthly rise since March [...]
By Edward McAllister Edward Mcallister – Fri May 29, 3:44 pm ET
NEW YORK (Reuters) – Oil rose to a six-month high above $66 per barrel on Friday, marking its largest monthly percentage gain in more than a decade, after U.S., Japanese and Indian data suggested the economic downturn may be easing.
Oil prices jumped [...]
By Tom Doggett
WASHINGTON (Reuters) - U.S. Senator Bernie Sanders has asked the federal futures market regulator to crack down on speculators whom he blamed for pushing up crude oil and gasoline prices.
The price for crude oil topped $66 a barrel on Friday, up more than 70 percent since mid-January. The rising oil costs have been [...]
SYDNEY – Under a plan to supply China with Australian coal, Waratah Coal Pty Ltd. said it has won the financial backing of Metallurgical Corporation of China Ltd., or MCC, for its planned US$5.15 billion thermal coal project in Queensland state.
The plan has several hoops to jump through before the first cargo leaves port, but [...]
