Austin Exploration Ltd has resolved to raise up to approximately $20 million to fund a new drilling campaign in the Eagleford and Niobarra shale areas. The company plans to raise the funds through a share placement and a shareholder share purchase plan.
The American Petroleum Institute has called the President’s approach to energy security a Jekyll and Hyde approach and says it hurts consumers.
EnerGulf Resources Inc. has announced the results of a report into the 2.2 million acre Block 1711, located offshore Namibia. The Prospective Oil and Contingent Gas Resources Report prepared by the firm Netherland Sewell and Associates Inc. includes an unrisked gross mean estimate of potentially 3.166 Billion barrels of oil on the block.
Shell exploration and Production has offered US$ 1.6 billion (£ 992.4 million) to buy UK based Cove Energy.
The USA and Mexico have agreed to work together when drilling for oil and gas that goes beyond the shared maritime boundary. The US secretary of State Hilary Clinton and The Mexican Foreign Secretary signed the deal yesterday in the presence of the Mexican President Felipe Calderon and the US Interior Minister Ken Salazar.
Shah Deniz, the consortium developing a natural gas field offshore Azerbaijan, has narrowed down its options for carrying that gas to Europe.
Anadarko has encountered more gas reserves in its Lagosta 3 appraisal well, providing more gas for its proposed LNG liquefaction project.
A dedicated cluster group has been launched by ITF in Australia to drive forward the country's oil technology development.
Because of its deals with the Kurdistan region, ExxonMobil has been banned from the latest round of bidding in Iraq.
As well as welcoming a new CEO, Petrobras has brought in two new directors.
TNK-BP has outlined plans covering US$ 4 billion worth of Arctic gas and oilfield development.
Apache has cited high production levels and increased oil prices as the reasons behind soaring profit and revenues.
DNO international has doubled production, reaching record levels.
The American Petroleum Institute say the President’s budget would tax one of the nation’s biggest job creators.
India has once again revised the date for the launch of its shale gas round.