Penn Virginia Corp., Houston, is producing a combined 4,096 b/d of oil and 2,072 Mcfd of gas from six Eagle Ford shale wells in South Texas and is running three rigs in the play...
There's a deepening gulf between Saudi Arabia and Iran these days, and it has nothing to do with the saline body of water that has separated them for centuries.
ArgentinaMadalena Ventures Inc., Calgary, said its Argentina subsidiary is drilling to test numerous formations on its various blocks in the Neuquen basin in Argentina. The Yapai...
One of the largest US electric utilities projects a minimum capital investment of $6-8 billion by 2020 to comply with proposed US Environmental Protection Agency regulations that...
The US Bureau of Land Management, US Environmental Protection Agency, and Anadarko Petroleum Corp. have reached an air-quality agreement that will let a major natural gas development...
China surpassed the US to become the world's largest energy consumer in 2010, as the rebounding global economy drove worldwide consumption higher and at a rate not seen since ...
Transocean Ltd. asked the US Coast Guard to revise its draft report on a joint investigation by the USCG and the Bureau of Ocean Energy Management, Regulation, and Enforcement...
An ExxonMobil Corp. subsidiary's $1.69 billion acquisition of two private companies with Marcellus shale assets deepens the major's commitment to unconventional resource development...
The expected balance of supply and demand in this year's second half indicates a tightening market, the Organization of Petroleum Exporting Countries said in its latest monthly...
The US Department of the Interior has not made its new oil and gas regulations sufficiently clear for drilling permits and exploration plans to be approved within a reasonable...
Forces opposed to the rule of Libya's leader Moammar Gadhafi said they hope to restart oil production from the war-torn North African nation in an effort to increase revenues....
As the eminent force in the Organization of Exporting Countries, Saudi Arabia in recent years has managed supply at the margin of the oil market virtually alone.
Saudi Arabia will increase its oil production to 10 million b/d in an effort to meet rising global demand, especially in China, where imports rose by 876,000 b/d in May over last...
