The Chilean National Energy Commission (CNE) has decided to switch its data provider for energy markets to leading energy and commodity price reporting agency Argus. The CNE will use Argus for all of its crude oil, petroleum products, biofuels, LPG and freight information from 23 May 2012.
EnerJex Resources, Inc., a domestic onshore oil company, announced today that it has completed 7 new oil wells and 1 new secondary recovery water injection well in its Mississippian Project located in Southeast Kansas. Year-to-date, the Company has drilled 12 new oil wells and 1 new injection well with a 100% success rate. Nine of the 12 new oil wells have begun producing and the remaining wells are expected to be placed online in the near term.
This month, Energy Digital discusses Wavefront Technology Solutions' revolutionary PowerWave technology and its potential to increase oil supplies in the US more than proposals for the pursuit of oil sands.
ESAI Energy forecasts a growing gasoline glut in the Atlantic Basin, which will pressure gasoline prices for the next several years. This bearish view is a marked shift from the uncertainty about gasoline supply to the East Coast just a few months ago.
ECO (ATLANTIC) OIL AND GAS LTD. is pleased to announce the Company has received an independent Lead Report for blocks "2111B" and "2211A" collectively the "Guy Block" in the Walvis Basin, offshore Namibia, including a (P50) Best Estimate of 9.2 Billion barrels of gross prospective oil. The report was prepared by qualified independent reserves evaluator Gustavson Associates LLC ("Gustavson") of Boulder, Colorado in accordance with National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities ("NI 51-101"). This report complements the Leads Reports on Eco Atlantic's other offshore blocks in the Walvis Basin, ("Sharon" and "Cooper") bringing the Company's total best estimate prospective resources offshore Namibia to approximately 18 Billion barrels.
Bahrain 's energy sector is posed for significant growth over the next several years, the country's Energy Minister Dr. Abdulhussain Mirza said.
Offshore Wind farms are expensive to install and operate. Now, Uni CIPR geologists are transferring knowledge from the oil industry to help improve profitability in the wind power industry.
InterOil has declared that the Triceratops-2 well, situated at Papua New Guinea, was drilled from the 9 5/8 casing shoe, the current total depth (TD) was increased from 4,111 to 5,971 ft. At 3,976 ft, the top marl transition zone was observed and at 4,482 ft, the top of the carbonate reservoir was observed.
MENA Hydrocarbons, a global oil and gas company, has declared the results of its Lagia 6 re-entry, situated on its 100% owned Lagia Development Lease, located in Egypt. The Lagia 6 re-entry is the first of the two re-entries in its six wells.
American Petro-Hunter, an exploration and production company, has announced the 2012 development drilling program for its Oklahoma Mississippi Lime Projects. The company has planned to drill five more horizontal wells with three on the South Oklahoma Project and two on the leased North Oklahoma Project.
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