Washington Business Daily - Oil Production News

Oil Production News

Mitsubishi Corporation to Invest in Canada's Penn West Energy Trust's Shale Gas Development Project Sunday, August 29, 2010 @ 7:34PMTokyo, Aug 24, 2010 - (JCN Newswire) - Mitsubishi Corporation ("MC") has announced that today it has entered into an agreement (the "Agreement") in connection with investing in a natural gas development project centered on shale gas in the Cordova Embayment of northeastern British Columbia, Canada.
1. Composed of non-edible plant resources Sunday, August 29, 2010 @ 7:34PMTokyo, Aug 25, 2010 - (JCN Newswire) - NEC Corporation (NEC; TSE: 6701) announced today the development of a first-of-its-kind durable new biomass-based plastic (bioplastic) that is produced from non-edible plant resources.
Shared oilfield deal inked between Kuwait and Iraq Sunday, August 29, 2010 @ 7:15PMA deal has been made to regulate the border oilfields between Kuwait and Iraq.
Australia shares up 2 pct; miners, banks rebound Sunday, August 29, 2010 @ 7:15PMMELBOURNE, Aug 30 (Reuters) - Australian shares rose 2 percent on Monday as banks and mining stocks rebounded on short-covering afer the U.S. market and metal prices rallied.
PetroChina profit up 30% Sunday, August 29, 2010 @ 7:08PMPetroChina, the world's second largest oil company by market value, announced Thursday its first-half net profit had risen 29.4 percent to 65.33 billion yuan ($9.6 billion) from a year earlier due to higher international crude prices.
More Sophisticated Rigs Drill Deeper Still for Oil Sunday, August 29, 2010 @ 7:05PMIn the calm after the capping of BP’s Macondo well, several deep-sea production ventures, of far greater sophistication, are quietly going forward.
Santos To Develop, Produce Gas From Halyard Field Sunday, August 29, 2010 @ 6:55PMSantos To Develop, Produce Gas From Halyard Field
Wen urges Japanese firms to raise wages Sunday, August 29, 2010 @ 6:53PMChinesePremier Wen Jiabao said Sunday that China's control over the exporting of rare earth elements is the result of excessive development and smuggling, while urging Japanese firms operating in China to raise wages for workers.
Fire causes minor damage at Frey Ranch equipment shop (update) Saturday, August 21, 2010 @ 3:52PMChurchill Vineyards sustained minor damage Friday morning after a fire burned much of a service shop building housing farm and repair equipment, but the wine, vines and crops remained untouched.
Saudi King names new Aramco board Saturday, August 21, 2010 @ 3:26PMSaudi King Abdullah has selected the board of directors of state oil giant Saudi Aramco for the next three years, official Saudi media reported yesterday.
US stockpiles at 20-year high may lead oil lower Saturday, August 21, 2010 @ 3:25PMThe biggest US petroleum stockpiles in two decades are leading oil bears to predict further price declines that may lead Opec to restrict production.
Fulfilment of objectives FTAs: FBR starts evaluation exercise Saturday, August 21, 2010 @ 3:24PMISLAMABAD (August 22 2010): The Federal Board of Revenue (FBR) has started an exercise to evaluate fulfilment of objectives of signing Free Trade Agreements (FTAs) and Preferential Trade Agreements (FTAs) with different countries, as the total cost of concessionary imports under notifications and PTAs/FTAs is around Rs 1.024 trillion.
Inflation comes through the door and wisdom flies out of the window Saturday, August 21, 2010 @ 2:01PMThere's no mystery about our inflationary problems - but to solve them we need to face up to some harsh realities.
US officials saw drilling ban costing 23,000 jobs: Report Saturday, August 21, 2010 @ 1:59PMUS officials saw drilling ban costing 23,000 jobs: ReportUS officials saw drilling ban costing 23,000 jobs: Report
Demand for CPO likely to subside Friday, August 20, 2010 @ 10:37PMCrude palm oil futures on Bursa Malaysia Derivatives is likely to be lower next week due to rising concerns that the stronger ringgit may make local exports less competitive, dealers said. Demand for CPO was also expected to subside as many countries especially in the Middle East have stocked up their needs for the upcoming Hari Raya Aidilfitri, said Interband Group of Companies senior palm oil ...
Demand for CPO likely to subside Friday, August 20, 2010 @ 10:33PMCrude palm oil futures on Bursa Malaysia Derivatives is likely to be lower next week due to rising concerns that the stronger ringgit may make local exports less competitive, dealers said.
Reaction follows after latest lawsuit filed (updated) Friday, August 20, 2010 @ 10:32PMAs chatter is picking up over a key gas drilling issue in the center of Flower Mound, so too is a lawsuit aimed to stop it.
Crude Awakening: Biobased Solvent Could Help Clean Up Gulf Friday, August 20, 2010 @ 10:27PMJEFFERSON CITY, Mo. —The bleeding of oil into the Gulf of Mexico may be tapering off, but the work of cleaning up the coastline’s sensitive marshland and beaches will last for years. Some of the same innovators who produce biodiesel are eager to help.
Farm Runoff: Another Threat To The Gulf Friday, August 20, 2010 @ 10:24PMNow that the BP oil well has been plugged, it’s more urgent than ever to address the Gulf Coast “dead zone.” The dead zone is a huge oxygen-starved region beneath the Gulf Coast surface, caused primarily by agricultural runoff of pesticides and fertilizers.
Wheat, oil prices drop over past week Friday, August 20, 2010 @ 10:13PMLONDON, Aug 20, 2010 (AFP) - Wheat prices fell over the past week despite a brief late surge on reports that drought-ravaged Russia plans to import the commodity, while oil futures extended losses on poor US economic data.
Gulf oyster loss felt here, too Friday, August 20, 2010 @ 10:05PMThe oil spill in the Gulf of Mexico may hinder development of oyster aquaculture in Virginia, according to an economic-impact report of the Virginia Institute of Marine Science. The closing of many oyster beds in Gulf states will cost Virginia oyster packers, wholesalers, grocers and restaurants an estimated $11.6 million a year in income, said the report issued last week....
Research and Markets: Belgium Energy Report - A Focus on the Oil, Gas, Coal & Power Markets, Provides a Complete ... Thursday, August 19, 2010 @ 2:41AMDUBLIN----Research and Markets has announced the addition of the "Belgium Energy Report" report to their offering.
Blockade 'cost skipper £400,000' Thursday, August 19, 2010 @ 2:35AMThe skipper of the fishing boat prevented from landing its catch in Peterhead claims the blockade cost him more than £400,000.
There’s a new world order in food Thursday, August 19, 2010 @ 2:11AMMore than a billion people will join the middle class by 2030. This will put a serious strain on grain supplies
Oil tracks Asian equities higher on demand optimism Thursday, August 19, 2010 @ 2:10AMOil tracks Asian equities higher on demand optimism
Cnooc First-Half Profit Doubles, Beating Estimates, as Output Surges 41% Thursday, August 19, 2010 @ 1:58AMCnooc Ltd. , China’s biggest offshore oil producer, said first-half profit more than doubled after a rebound in the nation’s economic growth spurred demand and helped drive a rally in crude prices.
Stronger dollar pressure oil Thursday, August 19, 2010 @ 1:51AMOil was under pressure today from a stronger dollar and brimming US petroleum inventories, while modest gains in Asian equities provided support to a market focused on the prospects for economic growth.
Essar Energy H1 Profit Falls, Despite Higher Sales; Names New CFO - Update Thursday, August 19, 2010 @ 1:36AMEssar Energy plc (ESSR.L) reported Thursday a 34% decline in pre-tax profit for the first half of the year, hurt by higher costs, despite double-digit revenue growth driven by higher volumes and prices. The Indian energy company listed in London bourse also announced the appointment of P. Sampath as its Chief Financial Officer, succeeding Gerry Bacon, beginning September. Bacon will be leaving ...
Iran Allocates US$2.2bil for Gasoline Projects Wednesday, August 18, 2010 @ 8:12PMTEHRAN, 18 AUGUST, 2010: Iran has allocated US$2.2 billion for seven gasoline production and refinery renovation projects, the Iranian deputy oil minister Alireza Zeighami said here on Tuesday.
M’sia’s economy grows by 8.9 pct in 2nd quarter Wednesday, August 18, 2010 @ 8:00PMKUALA LUMPUR : Malaysia recorded a strong growth of 8.9 per cent in the second quarter of 2010 compared with 10.1 per cent in the first quarter, driven by sustained expansion in domestic demand and robust growth in external demand.
Remarks by the President at Florida Democratic Party Reception Wednesday, August 18, 2010 @ 7:36PM5:35 P.M. EDT THE PRESIDENT: Hello, Miami! (Applause.) It is good to be back! (Applause.) It is good to be back in Miami. I was just in Florida and it is true that Sasha outscored me on the first hole. (Laughter.) I took her, I think, on the third. (Laughter.) It was tight the whole way, though. But it is wonderful to see all of you. Looking out at this crowd, I know how many ...
How to relieve serious dry eye problems Wednesday, August 18, 2010 @ 7:36PMA medical diagnosis of dry eye means there is a chronic problem with natural tear production.
Crude Oil Inventories Watch: Week Ending 08/13/2010 Wednesday, August 18, 2010 @ 7:21PMInventories The Department of Energy reported that in the week ending August 13th, 2010, U.S. crude oil decreased by 0.8 million barrels, gasoline inventories were close to unchanged, distillate inventories increased by 1.1 million barrels, and total petroleum inventories increased by 5.3 million barrels. Inventories remain at 10-year highs for the third week, while product inventories remain at ...
Americans Divided On Gulf Offshore Drilling - Gallup Wednesday, August 18, 2010 @ 7:12PMA slick of oil floats near a boat off Grand Isle, Louisiana June 9, 2010. Americans are almost equally divided on whether the Obama Administration should lift the moratorium on offshore oil drilling and on the possibility of BP returning to explore in the area of its massive spill, according to a new Gallup poll.
Community cookbook Tuesday, August 17, 2010 @ 6:58AMA support group called Widow2Widow Inc. wanted to offer help to women grieving the loss of their spouses through its ministry, but especially through a DVD documenting other women who had gone through similar loss yet who had gained renewed hope.To pay for production of the DVD, which members wanted...
BHP Billiton Makes Hostile Bid for PotashCorp - Why Investing In Potash Companies Could Be ... Tuesday, August 17, 2010 @ 6:56AMBy CanadianValue. This morning the Board of Directors of Canadian company PotashCorp ( POT ) announced that they had rejected an unsolicited offer from giant Australian company BHP Billiton. I'm not a shareholder of PotashCorp, but I can appreciate the Board of Directors rejecting the offer as I think PotashCorp is likely to be worth considerably more five years from now. I wrote previously ...
Market Snapshot: U.S. stocks rise after upbeat retail earnings Tuesday, August 17, 2010 @ 6:56AMNEW YORK (Dow Jones)--U.S. stocks climbed Tuesday as earnings from key retailers gave investors reason to focus on encouraging corporate reports rather than the latest round of mixed economic data.
Petrohawk Energy Corporation Announces Results to Date of Tender Offer and Receipt of Requisite Consents Tuesday, August 17, 2010 @ 6:54AMPetrohawk Energy Corporation announced today the results to date of the previously announced cash tender offer and consent solicitation for its outstanding 9 1/8% Senior Notes due 2013 and receipt of the requisite consents to adopt the proposed amendments to the indenture governing the Notes. Â As of 5:00 p.m., New York City time, on August 16, 2010 , which was the deadline for holders to tender ...
Recovery Energy Reports Second Quarter Financial Results Tuesday, August 17, 2010 @ 6:52AMDENVER--(BUSINESS WIRE)--Oil and gas company 2Q results, operating in Denver-Julesburg Basin; 21 producing wells/6 property acquisitions YTD; numerous targets in "D" sand, "J" sand & others; significant exposure to Niobrara
Shmatko sees agreement soon with Exxon over Sakhalin-1 budget Tuesday, August 17, 2010 @ 6:50AMMOSCOW, August 17 (RIA Novosti) - The Russian Energy Ministry expects a deal to be struck soon with Exxon Neftegas on a budget for the Sakhalin-1 oil and gas project, Energy Minister Sergei Shmatko said on Tuesday.
Industrial Production in U.S. Increased 1% in July Tuesday, August 17, 2010 @ 6:46AMProduction in the U.S. rose more than forecast in July, easing concern the industry that led the economy out of the recession is beginning to slow.
Futures Movers: Crude oil rises on weak dollar, industrial output Tuesday, August 17, 2010 @ 6:41AMCrude-oil futures on Tuesday rebounds from the prior session's fall to five-week lows to reclaim the $76-a-barrel level, lifted by a weaker U.S. dollar and a better outlook among stock investors.
Recovery Energy Reports Second Quarter Financial Results Tuesday, August 17, 2010 @ 6:37AMDENVER----Recovery Energy, Inc. , an independent oil and gas exploration and production company which commenced operations in 2010, today provided an update on its operations and reported its financial results for the three months and six months periods ended June 30, 2010.
Questerre Spuds Two More Utica Horizontal Wells in the Second Quarter Thursday, August 12, 2010 @ 9:23PMCALGARY, ALBERTA--(Marketwire - Aug. 13, 2010) -
About 840 gallons of liquid waste spill from tank Thursday, August 12, 2010 @ 9:21PMA tank overflow at a natural gas well site in Argyle spilled about 840 gallons of liquid waste onto the property last month, Williams Production has reported. About 20 barrels of wastewater spilled at the energy company's drilling site at 209 N. Gibbons Road on July 29, company spokesman Kelly Swan said. Half of the spill was vacuumed and collected, while water remaining in the adjacent soil was ...
Lowongan Kerja: Urgently Needed HSE Manager in Indonesia Thursday, August 12, 2010 @ 9:16PMDibawah adalah fotokopi email yang masuk ke Inbox saya dari Agent di Singapore. Mencari HSE manager untuk orang Indonesia. Nama Company & Contact person tertera dibawah mudah-mudahan para pembaca Kompasiana ada yg tertarik untuk melamar atau teman dan saudara Anda sedang mencari pekerjaan?
Oil rebounds in Asia but economic concerns weigh Thursday, August 12, 2010 @ 9:16PMOil prices rebounded in Asian trade Friday on bargain-hunting but analysts said the fragile state of the global economic recovery continues to weigh on the market.
Your Source for Daily FOREX Market News and Analysis Thursday, August 12, 2010 @ 8:57PMCrude oil has lost 7% over the last three days as concerns regarding the U.S. economy reemerge. Gold has broken free of its downtrend and regained its safe haven status in the process.
Oil rebounds from one-month low Thursday, August 12, 2010 @ 8:53PMOil rebounded from a one-month low in New York as the dollar declined against the euro and some investors took the view a drop below $76 a barrel made the commodity attractive to buy.
Obama family taking solidarity vacation to Gulf Coast Thursday, August 12, 2010 @ 8:41PMPresident Barack Obama is to travel to Florida's Gulf Coast this weekend for a family trip intended to show solidarity with a region struggling in the wake of a massive oil spill.