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The Petroleum Industry Daily News


Petroleum Oil News

Taipan Resources Inc. Announces Proposed Merger With Lion Petroleum Corp, an Oil & Gas Exploration Company With 9.7 ...

2012-05-17
Taipan Resources Inc. Announces Proposed Merger With Lion Petroleum Corp, an Oil & Gas Exploration Company With 9.7 Million Gross Exploration Acres Onshore Kenya

Tethys Petroleum Limited: Kazakhstan Oil Resource Upgrade

2012-05-16
ALMATY, KAZAKHSTAN-- - Tethys Petroleum is pleased to announce it has received an updated oil Resource Report for its Kazakhstan assets that estimates gross unrisked recoverable mean prospective oil resources of 1.17 billion barrels of oil. The resource report also shows a substantial amount of prospective ...

Tethys Petroleum Limited: New Oil Field Acquired

2012-05-16
TASHKENT, UZBEKISTAN-- - Tethys Petroleum today announced Chegara Production Limited , its 100% owned subsidiary, has signed a Production Enhancement Contract for a new oil field, the Chegara Group of Fields , in Uzbekistan. In addition Tethys announced it had signed a Memorandum of Understanding , which ...

Horn Petroleum finds oil in Somalia well

2012-05-17
(Reuters) - Horn Petroleum Corp confirmed the presence of oil at its Shabeel well in the Dharoor Valley basin of Somalia's Puntland. "We are highly encouraged with these early results which indicate oil bearing sands in possibly two zones," CEO David Grellman said in a statement. Horn Petroleum operates the Shabeel well. It holds a 60 percent working interest in the Dharoor and Nugaal blocks in ...

Researchers track Gulf spill in Minnesota birds

2012-05-18
APPLETON, Minn. - Pollutants from the British Petroleum oil spill in the Gulf of Mexico two years ago are showing up in Minnesota birds that migrate to the gulf.

Researchers track Gulf spill effect in Minn. birds

2012-05-18
APPLETON, Minn. (AP) - Pollutants from the British Petroleum oil spill in the Gulf of Mexico two years ago are showing up in Minnesota birds that migrate to the gulf. Researchers for the state Department of Natural Resources have found evidence of petroleum compounds and the chemical used to clean up the oil in the eggs of pelicans nesting in Minnesota, Minnesota Public Radio reports ...

Gulf oil spill pollutants found in pelicans migrating to Minnesota

2012-05-17
Pollutants from the British Petroleum oil spill in the Gulf of Mexico two years ago are showing up in Minnesota birds that migrate to the gulf.

UPDATE: Horn Petroleum, Africa Oil, Suffer Losses after Lackluster Somalia Report

2012-05-17
UPDATE: Horn Petroleum, Africa Oil, Suffer Losses after Lackluster Somalia Report

Max Petroleum strikes oil

2012-05-14
Kazakhstan-focused Max Petroleum said it had hit an estimated 36 metres of net oil pay at its appraisal well in the Asanketken Field.

Horn Petroleum suspends drilling at Somalia well

2012-05-18
(Reuters) - Horn Petroleum Corp has suspended drilling at its Shabeel well in Somalia's Puntland and said it will move the drilling rig away from the area before reaching the planned depth of 3800 meters. The well in the Dharoor valley hit a metamorphic basement at a depth of 3,430 meters, Horn Petroleum said in a statement on Thursday. Basement is the rock layer below which economic oil or ...