oil and gas sector – News
Brinx Resources has announced that the first well in Ranken Energy’s 2008-3 drilling program, the Selman #1-21, was drilled and reached a total depth of 6842 feet on January 28, 2009. Open logs were run on the well and indicate a gross pay interval with gas shows from 6046′-6051′ in the Gibson Sand and from 6054′-6234′ and 6444′-6460′ in the Viola Formation….
Oil Purification Systems Establishes New Oil and Gas Business Unit
Tuesday, November 11th 2008
Oil Purification Systems, the leader in fluid cleaning technology, today announced the formation of a new Oil and Gas Business Unit, and the appointment of Steve Carroll as president of the group. The newly formed business unit was established to provide additional support for OPS’ current and prospective customers in the oil and gas industry. Carroll joins OPS as president of the Oil and Gas Business…
International Beryllium Corporation Closes Acquisition of Nonferrous Products, Inc.
Monday, November 3rd 2008
International Beryllium Corporation announce that it has successfully closed, through its subsidiary IBC US Holdings, Inc., the acquisition of Nonferrous Products, Inc.,, a profitable and growing Indiana based beryllium metalworking and specialty alloy processing company. This transaction is further to the Company’s news release dated October 1st, 2008, which announced the signing of a binding…
Galloway Signs Agreement With Swiss Corp. to Review Oil and Gas Projects
Monday, October 27th 2008
Galloway Energy Inc. announces that the Company has signed an engagement agreement with Dominus Energy AG, a Swiss Corporation whereby Dominus will assist Galloway in the introduction of the Company to worldwide opportunities in the oil and gas sector and energy market. Dominus owns private interests in various oil and natural gas plays worldwide. It is the intention of Galloway to review certain projects…
New Shoshoni Ventures Ltd.: Natural Gas Exploration Well Update
New Shoshoni Ventures Ltd. has received a Completion Report in respect of its Sunrise natural gas well, 16-25-79-17 W6M, located in Northeastern British Columbia. This well, which was spudded March 6, 2008, has been classified as a potential Paddy Gas Well. Operations on the well have been suspended awaiting recorder information, which is expected to be available by mid August 2008. Two 5,000 ton propane…
Oil and Gas Totals for 2007
Thursday, March 27th 2008
Oppenheimer & Co. analyst Fadel Gheit tallied up some key numbers for the oil and gas sector in 2007. He found market capitalization for the group at year-end was $1.617 trillion, led by Exxon Mobil Corp. with $481 billion — close to a third of the group total. Gheit says group net income dropped to $146 billion from $149 billion in 2006, mostly because of poorer downstream (refining and…
RPS buys oil and gas consultancy
Acquisitive environmental consultancy RPS Group (LSE: RPS.L – news) has boosted its coverage of the oil and gas sector with the purchase of Aberdeen-based consultant Oceanfix International. RPS is paying £6.5m in cash for Oceanfix, a company which provides hydrographic and geophysical survey consultancy services. The founder and managing director of Oceanfix is remaining with RPS after the…
Indian Oil, Deep Industries to jointly explore, market gas
Tuesday, February 5th 2008
India’s largest public sector oil company by sales, Indian Oil Corp Ltd (IOC), and Gujarat-based Deep Industries Ltd have signed a memorandum of understanding (MoU) to jointly develop two coal bed methane (CBM) blocks and three marginal gas fields, and then market the natural gas. Coal bed methane is a form of natural gas extracted from coal beds. In recent decades it has become an important…
Caspian Oil And Gas Exhibition Breaks All Records
Thursday, October 4th 2007
KIOGE is the exhibition and conference for the Caspian region and Central Asia that attracts the energy companies as well as producers of equipment and technology in the oil and gas sector. The trade fair focuses on exploration technology, offshore technology, drilling technology, pipelines and equipment, oil and gas transportation systems, process engineering and refinery technology. This year’s…
Fraser Institute seeking responses to worldwide upstream petroleum survey
The Fraser Institute, Canada’s leading independent research organization, is soliciting responses to its first international upstream petroleum survey. Based on the popular Fraser Institute Survey of Mining Companies, the Worldwide Upstream Petroleum Survey is designed to help measure and rank the investment climate of various oil and gas producing regions. “The information we get from…
