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The world's growing demand for oil and the rapid depletion of reserves have forced major oil companies to look offshore. Significant deep-water discoveries have led to increased focus in areas off the coast of Brazil, West Africa, and in the Gulf of Mexico ...
May 29, 2012 at 12:17 | Source: msnbc.com
BINGHAMTON, N.Y. -- For years, thousands of people in the rolling hills surrounding this city signed leases to permit natural-gas drilling on their property, thinking it was an easy way to earn a few hundred dollars a year. Now, hundreds are ...
May 29, 2012 at 02:37 | Source: Businessweek
LONDON -(MarketWatch)- BP PLC (NYSE:BP) is to resume oil and gas exploration in Libya within months after lifting a force majeure, a company spokesman said Tuesday, just a day after rival Royal Dutch Shell PLC said it was to pull out of its oil ...
May 29, 2012 at 15:09 | Source: Marketwatch
OAO Lukoil failed to find commercial reserves after drilling two wells off Vietnam, Deputy Chief Executive Officer Leonid Fedun said today at a presentation to investors in Hong Kong. Lukoil is now reconsidering its plan for the Vietnam project ...
May 29, 2012 at 06:33 | Source: Bloomberg
LAGOS, Nigeria--(BUSINESS WIRE)--Pacific International Drilling West Africa Ltd. announced today that a subsidiary of Total S.A. has elected to extend the initial contract term for the Pacific Scirocco from one to two years. The contract provides for ...
May 24, 2012 at 20:01 | Source: Business Wire
STAVANGER, Norway, May 23 (UPI) -- Norwegian energy company Statoil announced it doled out roughly $5 billion in drilling contracts for work on the country's continental shelf. Statoil awarded contracts for up to 18 fixed installations on the ...
May 23, 2012 at 13:00 | Source: United Press International
Strateco Resources Inc. ("Strateco") (TSX:RSC)(FRANKFURT:RF9) is pleased to report the results of a second set of holes from its 2012 drilling program on its wholly-owned Matoush uranium deposit. The goal of the 15,000 metre drilling program is to better ...
May 29, 2012 at 12:24 | Source: msnbc.com
A new resource report shows even more potential for niobium mining near Elk Creek than previously believed, a top official with Quantum Rare Earth Development said Thursday. But Peter Dickie acknowledged that the resource upgrade and the “several million ...
May 26, 2012 at 11:59 | Source: Lincoln Journal Star
CASPER, Wyo.—Opponents of natural gas drilling in the Wyoming Range want to buy an energy company's drilling leases, but both sides appear to be waiting for the other to make the first move. The Casper Star-Tribune ( http://bit.ly/LMrAMQ ...
May 25, 2012 at 14:09 | Source: Denver Post
NEW YORK May 25 (Reuters) - The U.S. natural gas drilling rig count resumed its sharp decline this week as energy companies continued to slow activity in the face of low gas prices, data from oil services firm Baker Hughes showed on Friday.
May 25, 2012 at 17:37 | Source: Reuters