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Shell Oil Co. Report Water-Depth Record Oil Drilling at Gulf of Mexico
Shell Oil Co. said Tuesday it has set a world water-depth record by drilling and completing an oil well in 9,356 feet of water in the Gulf of Mexico.
Baseline Oil & Gas Reports Net Production Third Quarter 2008
Baseline Oil & Gas Corp. today announced its results for the third quarter of 2008. Net production for the quarter was 668 Mmcfe, of which 55% was crude oil and condensate and 45% was natural gas. Average daily net production for the third quarter was 7.3 Mmcfepd, comprised of 671 bopd and 3.2 Mmcfpd. Operations [...]
Mining Exploration Project Reports by New Jersey Mining Company
New Jersey Mining Company today provided an update on the exploration of its Toboggan project, which now covers over 7,300 acres located north of Murray, Idaho. The Toboggan project is a gold exploration joint venture between New Jersey Mining Company and Newmont North America Exploration Limited (Newmont), a subsidiary of Newmont Mining Corporation.
Dutch Mining Company, Shell to Start Brazil Pre-Salt Drilling Late 2009, Valor Says
Royal Dutch Shell Plc plans to start drilling Brazilian deepwater oil finds below a salt layer at the end of 2009 in the Epitonio field, in the BM-S-54 block, Valor Economico reported, without saying where it got the information.
Shell has 13 concessions in Brazil, two of which are in production, the Brazilian newspaper said on [...]
Verenex Energy Reports Increased Oil and Gas Exploration in Libya
Verenex Energy Inc. is pleased to announce that DeGolyer and MacNaughton (”D&M”), of Dallas Texas, has completed an updated assessment of oil and gas resources in the Company’s discoveries and portfolio of exploration prospects in Area 47 effective September 30, 2008. The assessment is an update to D&M’s February 1, 2008 assessment to reflect [...]
PetroChina Lags Farther Behind ExxonMobil, For Now
International crude oil is hovering around $63 per barrel, close to its level two years ago. Meanwhile, China’s oil product prices now exceed those in the US. According to the latest US figures from the Energy Information Administration, the retail price for regular gasoline in the US is about 5.26 yuan per liter, while the [...]
Chinese oil firm accused of abuses, contamination in Myanmar
A Chinese-led consortium with a concession for oil exploration on Myanmar’s Ramree Island has left hundreds of local islanders landless and unemployed and their environment befouled, a human rights group said Tuesday.
Blocking Freedom, a report compiled by the environmental and human rights group Arakan Oil Watch, said a consortium led by the China National Offshore [...]
Nido Petroleum Provide Progress Report Oil Exploration in NW Palawan Basin
Nido Petroleum and its Joint Venture partner Kairiki Energy have provided progress report on the Tindalo-1 exploration well located in Service Contract 54 (SC54), located in the NW Palawan Basin, offshore the Philippines.
While drilling through the Nido Formation reservoir section, oil shows were observed, (demonstrated by elevated mud log wet gas readings and strong oil [...]
China National Petroleum Corporation to tap oilfield in Uzbekistan
China National Petroleum Corporation (CNPC), the country’s largest oil company, has signed an agreement with Uzbekistan’s state oil company to jointly develop an oilfield in the central Asian country.
The field has oil reserves of over 30 million tons, and is expected to have an annual capacity of 2 million tons, CNPC said on its website [...]
