Petroleum Industry Daily News - The Oil Market Essential Reading
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2012-02-22
Los Angeles TimesBP, Anadarko Petroleum Liable for Pollution Law Violations, Judge RulesBloombergBP (BP/) and Anadarko are liable for civil penalties under the law “because they are both owners of the offshore facility from which oil discharged,” Barbier said. “There are disputed facts as to whether Transocean meets” the definition of an operator ...BP, Anadarko liable for US spill damagesReutersJudge: BP Liable for Civil Penalties for Oil SpillABC Newsall 294 news articles »
2012-02-22
Whiting Petroleum 4Q Profit Falls 5% Amid Derivatives ImpactsWall Street JournalWhiting Petroleum Corp.'s (WLL) fourth-quarter earnings fell 5% on derivatives impacts and other items as the oil and gas producer's revenue continued to benefit from increased production and higher selling prices. Shares rose 2.6% to $58 in ...Whiting Petroleum Corporation Announces Fourth Quarter and Full-Year 2011 ...MarketWatch (press release)Oil cos see higher 2012 output, gas-focused cos cut viewReutersall 16 news articles »
2012-02-22
USA TODAYObama urged to say he will release oil from US Strategic Petroleum ReserveGlobalPost"It is essential that the United States have an aggressive strategy for releasing oil from the strategic petroleum reserve to combat the speculators capitalizing on the fear in oil markets," the lawmakers said in a letter to Obama, Reuters reported.Ed Markey urges Obama to release US oil reservesMetroWest Daily NewsDemocrats Urge Obama to Tap Reserve Oil as Industry ObjectsBusinessWeekRelease oil from national reserve to quell soaring gas prices, Congressman ...Boston.comReutersall 90 news articles »
2012-02-22
Gulf Daily NewsNYMEX-Oil slips below 9-mth high on large stocks buildReutersUS crude oil inventories rose more than forecast as imports increased, and oil product stocks also rose unexpectedly, weekly data from the American Petroleum Institute showed. FUNDAMENTALS * On the New York Mercantile Exchange, crude for April delivery ...Oil Slips From Nine-Month High as US Crude Stockpiles IncreaseBusinessWeekCost of crude oil on international markets raises pump priceNew Haven RegisterTough Times Ahead As Iran Crisis Pushes Up Price of OilAllAfrica.comGulf Daily Newsall 4,244 news articles »
2012-02-22
Goodrich Petroleum Announces Year-End and Fourth Quarter Financial Results and ...MarketWatch (press release)The Company is maintaining its 2012 capital expenditure budget of $250 - 275 million, but reallocating $20 million of capital expenditures from its gas-focused Haynesville Shale properties to its oil-focused activities in the Eagle Ford Shale.and more »
2012-02-22
Oasis Petroleum Inc. Announces Quarter and Year Ending December 31, 2011 ...MarketWatch (press release)Over the past five years, oil production in North Dakota alone has grown from 115142 barrels per day in December 2006 to a new record of 534884 barrels per day in December 2011. The oil-prone Williston Basin is a highly attractive area for a growth ...and more »
2012-02-22
Independent OnlineOil production: More leases to be renewedVanguardBy Clara Nwachukwu ABUJA — The Federal Government has said it will renew more oil licences held by the oil majors, particularly those under joint venture, JV, operations with the Nigerian National Petroleum Corporation, NNPC, in the months ahead.FG To Invest $100b In OilLeadership NewspapersNigeria to Invest $100 Billion in Oil and Gas ExplorationBusinessWeekShell, Chevron to Benefit from Oil Lease RenewalsTHISDAY LiveWashington Post -Moment Nigerian Newspapers -P.M. Newsall 227 news articles »
2012-02-22
Proactive Investors AustraliaYemen's oil output hit by political turmoilThe Daily StarAccording to the EIA, nine international oil companies operate in Yemen's 12 main producing blocks. According to Yemen's Petroleum Exploration and Production producing companies are: Canada's Calvalley Petroleum, US-based Hunt Oil and Occidental ...Emerald Oil & Gas Raises $15 million Through a Secured Debt Facility; Rodman ...MarketWatch (press release)Oil and gas leaders slam ObamaHouston ChronicleU.S. oil output set to boomSan Antonio ExpressWealth Dailyall 35 news articles »
2012-02-22
India's January Refinery Output by CompanyBloomberg... Petroleum -15.5% -12.5% 2.8% 11.5% 33.9% 18.9% Chennai Petroleum -6.3% -4.8% 3.5% -12.8% -13.1% -5.3% Numaligarh Refinery 2.2% -5.6% -2.3% -0.9% 12.9% 8.7% Mangalore Refinery -2.7% -1.6% -7.0% -30.7% 9.5% 25.9% Oil & Natural Gas -2.0% 12.9% -10.8% ...and more »
2012-02-21
AllAfrica.comAfrican Petroleum says strikes oil off LiberiaReutersDAKAR Feb 21 (Reuters) - African Petroleum Corp said on Tuesday it had made a significant oil discovery from its Narina-1 well at its offshore LB-09 block in Liberia. "Narina-1 has identified a potentially large accumulation of light good quality oil ...Liberia: Nocal Confirms Oil DiscoveriesAllAfrica.comOil: Let Us Make It a Blessing, not a CurseLiberian Daily ObserverAustralian Oil Explorer Announces Liberia Discovery, Latest In West AfricaFox BusinessReuters Africa -OilVoice (press release) -Oil & Gas Journalall 29 news articles »
2012-02-22
[New Dawn] Officials at the National Oil Company of Liberia (NOCAL) announced Tuesday that they welcomed pronouncement by African Petroleum that its Narina-1 exploratory well drilled in Block LB-09 off the coast of Liberia has a potentially large accumulation of oil deposits.
2012-02-21
by African Petroleum Corp. Ltd. African Petroleum (APCL) announced a transformational oil discovery at the Narina-1 exploration well in Block LB-09 offshore Liberia.
2012-02-22
"It is essential that the United States have an aggressive strategy for releasing oil from the strategic petroleum reserve to combat the speculators capitalizing on the fear in oil markets," the lawmakers said in a letter to Obama, Reuters reported. read more
2012-02-22
ABUJA, Nigeria, Feb. 22 (UPI) -- U.S. petroleum company Shell Oil says Nigeria loses an estimated 150,000 barrels of crude oil each day because of theft in the Niger Delta region.
2012-02-21
MONROVIA/FREETOWN (Reuters) - Energy companies African Petroleum Corp and Anadarko said they struck oil off the coasts of Liberia and Sierra Leone, raising hopes for an energy bonanza in the war-scarred West African states. African Petroleum said on Tuesday its Narina-1 well struck 105 feet of net oil pay at its offshore Liberia LB-09 block, adding an extensive exploration and appraisal ...
2012-02-21
* African Petroleum strikes oil off Liberia * Anadarko finds oil off Sierra Leone * Further appraisals needed, but hopes high, officials say (Adds details, changes dateline) MONROVIA, Feb 21 (Reuters) ...
2012-02-22
HOUSTON, Feb. 22, 2012 /PRNewswire/ -- Oasis Petroleum Inc. (NYSE: OAS - News) ("Oasis" or the "Company") today announced quarter and year ending December 31, 2011 financial results and provided ...
2012-02-21
DENVER, Feb. 21, 2012 /PRNewswire/ -- Grid Petroleum Corp. (OTCBB: GRPR.OB - News) The Board of Directors are pleased to announce that Grid Petroleum has entered into a Joint Venture Development Agreement with a ...
2012-02-21
* African Petroleum strikes oil off Liberia * Anadarko finds oil off Sierra Leone * Further appraisals needed, but hopes high (Adds comment from Liberia and Sierra Leone officials, otherdetails) MONROVIA/FREETOWN, ...
2012-02-21
Anadarko Petroleum Corp.'s chief executive will step down in May and will be replaced by the chief operating officer.
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