Posts Tagged ‘oil’

Exxon Mobil and Contango Oil & Gas: Opportunity Knocks for these Favored Energy Stocks

January 26th, 2010

Exxon Mobil’s (XOM) investment thesis seems obvious. With their takeover plans for XTO Energy (XTO) it appears we have a very rare chance to buy the shares of the cash-rich, dividend-yielding “King of the Diversified Energy Companies.”
With it’s forward PE nearing 11, a 2.5% yield, priced at close to 1X sales, over $30 billion in [...]

ThruBit(R) Logging Solutions Announces Operational Savings Using Through-the-Bit Logging Conveyance

January 26th, 2010

HOUSTON, TX–(Marketwire - 01/25/10) - ThruBit LLC announced today the proof of cost savings and successful deployment of its Surelog? open hole logging tools, on series of difficult wellbores in South Texas using its proprietary through-the-bit memory logging system. Significant AFE savings has been generated using the ThruBit? (TBL?) conveyance method of through-the-bit in difficult [...]

Iraq Says Exxon, Shell Accept Contract Changes

January 19th, 2010

By HASSAN HAFIDH
A consortium led by Exxon Mobil Corp. and Royal Dutch Shell PLC accepted contract amendments made by the Iraqi government to develop an oil field in southern Iraq, a senior Ministry of Oil official said.
“They have accepted the changes, and we are finalizing the deal with them on Jan. 25,” Abdul Mahdy al-Ameedi, [...]

Standard & Poor’s Initiates Factual Stock Report Coverage on Lucas Energy, Inc.

December 22nd, 2009

Standard & Poor’s announced today that it has commenced Factual Stock Report coverage on Lucas Energy, Inc.
Lucas Energy, Inc. (NYSE Amex: LEI) is an independent oil and gas company based in Houston, Texas with approximately 15,000 gross (12,000 net) acres of oil and gas leases in South Texas, primarily in the Gonzales County, Texas area. [...]

China’s Oil Demand Surges 18.7% in November

December 22nd, 2009

China’s apparent* oil demand in November soared 18.7% from a year ago as the country’s economic recovery picked up momentum. November’s surge in oil demand marked the third straight month that the world’s second largest oil consumer posted double-digit yearly growth in oil demand.
Chinese oil demand was estimated to reach 33.67 million mt (8.22 million [...]

Provident Announces 2009 Third Quarter Results and November Cash Distribution

November 11th, 2009

CALGARY, ALBERTA–(Marketwire - 11/10/09) - All values are in Canadian dollars and conversion of natural gas volumes to barrels of oil equivalent (boe) are at 6:1 unless otherwise indicated.
Provident Energy Trust (Provident) (TSX:PVE.UN - News) (NYSE:PVX - News) today announced its 2009 third quarter interim financial and operating results and the November cash distribution of [...]

Draft solar water heating framework drawn

November 8th, 2009

Johannesburg - Government has come up with a draft national solar water heating framework aimed at popularizing the idea of solar water power, Energy Minister Dipuo Peters said on Thursday.
The minister said South Africa, as well as the rest of the continent, had long under-utilized the power of the sun while adding that the global [...]

Northwest Bergen County Utilities Authority Turns to Solar Energy With Help of Vanguard Energy Partners and Sharp

October 22nd, 2009

Vanguard Energy Partners, a leader in the design and installation of large-scale solar electric systems, and Sharp Solar Energy Solutions, a division of Sharp Electronics Corporation, today announce the deployment of a 334-kilowatt solar power system at the Northwest Bergen County Utilities Authority (NBCUA) wastewater treatment plant in Waldwick, New Jersey. Completed earlier this [...]

Oil prices nearly flat as dollar strengthens

October 11th, 2009

Oil prices were essentially flat to end the week after Federal Reserve Chairman Ben Bernanke said this week that interest rates will have to be raised when the economy recovers in order to avoid inflation.
It has been the weak dollar that has attracted billions in investments in energy markets this year because oil is priced [...]

Willbros to Present at D.A. Davidson Eighth Annual Engineering & Construction Conference

September 11th, 2009

HOUSTON, TX–(Marketwire - 09/11/09) - Willbros Group, Inc. (NYSE:WG - News) announced today that Management will present at the D.A. Davidson Eighth Annual Engineering & Construction Conference in San Francisco to be held September 17 - 18, 2009.
The presentation will take place on Friday, September 18, 2009, at 7:45 a.m. Pacific Time (9:45 a.m. Central [...]