More Oil & Gas Reserves News

Hobbs named president of geological institute

Dec 2, 2010

The American Geological Institute has named G. Warfield “Skip” Hobbs as president. He was inducted at the Geological Society of America annual meeting in Denver in November.

BLM releases EA for Magnum gas storage project

Nov 24, 2010

The US Bureau of Land Management, as a cooperating agency with the US Federal Energy Regulatory Commission, released the environmental assessment (EA) for the proposed Magnum gas storage project and proposed Pony Express resource management plan amendment on Nov. 23.

OPEC: Global oil demand rising, with marked upswing in Asia

Nov 22, 2010 The Organization of Petroleum Exporting Countries forecasts continued growth in global oil demand over the next 20 years, while acknowledging the potential impact of environmental policies on the energy market.

Clinton: US willing to help Papua New Guinea manage LNG revenues

Nov 8, 2010 US Sec. of State Hillary Clinton offered the nation's help to Papua New Guinea in creating a sovereign wealth fund to manage its coming resource revenues and avoid the so-called "resource curse."

Feds award $20 million in geothermal research grants

Nov 1, 2010 The US Energy Department has awarded $20 million in grants to research, develop, and demonstrate cutting-edge geothermal technologies.

IHS Herold: Oil, gas reserves rise in 2009

Oct 4, 2010

Worldwide oil and gas reserves climbed 3% in 2009 as capital spending declined, IHS Herold reported Oct. 4 in its 2010 Global Upstream Performance Review.

Reforms driving Nigeria's oil, gas output growth, minister says

Oct 4, 2010 Nigeria's Parliament is expected soon to pass into law the Petroleum Industry Bill, Nigeria's Minister of Petroleum Resources Diezani Alison-Madueke told participants at the Rice University Baker Institute for Public Policy in Houston on Sept. 27.

Reforms driving Nigeria's oil, gas output growth, minister says

Sep 28, 2010

Nigeria's Parliament is expected soon to pass into law the Petroleum Industry Bill, Nigeria’s Minister of Petroleum Resources Diezani Alison-Madueke told participants at the Rice University Baker Institute for Public Policy in Houston on Sept. 27.

Oklahoma

Sep 28, 2010

Red Fork Energy Ltd., Subiaco, Western Australia, has established oil production from Pennsylvanian Red Fork sand at eight wells at its 100% owned Pawnee prospect west of Tulsa, Okla.

NPC studies crucial to long-term US strategy, White House says

Sep 19, 2010 Two studies under way by the National Petroleum Council will be crucial to developing a long-term energy, environmental, and economic strategy for the US, Obama administration officials told council members at the group's Sept. 14 meeting.

NPC studies crucial to long-term US strategy, White House says

Sep 14, 2010

Two studies under way by the National Petroleum Council will be crucial to developing a long-term energy, environmental, and economic strategy for the US, Obama administration officials told council members at the group’s Sept. 14 meeting.

Alberta

Sep 10, 2010

Murphy Oil Corp., El Dorado, Ark., obtained a position in the Exshaw/Bakken oil play in southern Alberta under an agreement with Kainaiwa Resources Inc., a corporation owned by the Blood Tribe First Nation.

China wants to hasten coalbed methane development

Sep 6, 2010 China began exploring for and using coalbed methane in the 1990s, but the proven portion of the resource was still very low at the end of 2009, a study by FACTS Global Energy, Singapore, has concluded.

Bulgaria

Sep 2, 2010

A unit of JKX Oil & Gas PLC has spudded Staro Oryahovo South R-1, the first of two wells that will test amplitude-supported gas prospects in Bulgaria.

Delek Group increases stake in Noble Energy

Aug 9, 2010

Israel's Delek Group will pay a second $140 million for an additional 1% stake in Noble Energy Inc., bringing its total share in the Houston-based firm to 4%.

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