Statoil Oil Updates on its New Barents Sea Find
Bloomberg reported that according to Statoil ASA (NYSE:STO), the oil find in the Barents Sea is the equivalent to the Skrugard field in Norway.
Articles Tagged "oil"
U.S. State Department to Allow Canadian Pipeline
NY Times reports that U.S. State Department approved the proposed 1,711-mile pipeline that would carry heavy oil from Canada across the Great Plains to terminals in Oklahoma and the Gulf Coast.
Oil Rallies, Putting Libya on Back Burner
CNN Money reports that oil prices surged 2%.
Colombian Forces Take Over Oil Field After Protest
Reuters reports that Colombian protesters blocked crude oil production at the Andean nation's highest-producing field.
Southern Pacific Q4 Output Up On Higher Oil Prices
Reuters reports Canada's Southern Pacific Resource Corp (TSE:STP,CVE:STP) posted a 34 percent rise in production.
Connacher Oil and Gas Initiates SAGD Project At Great Divide Oil Sands Algar Pad
Connacher Oil and Gas Limited (TSE:CLL) reports it has initiated the injection of solvent with steam on two wells 203-2 and 203-3.
Canadian Oil Flow May Widen N.Y. Crude Discount, JPMorgan Says
Bloomberg reports that JP Morgan Chase & Co., in a report, announced that Canadian oil supply will continue to increase stockpiles.
NiMin Energy Completes Drilling Operations for Two Wells at Pleito Creek Field
NiMin Energy Corp. (TSE:NNN) drills at Pleito Creek field, the 23-35 and 24-35, both of which targeted the Santa Margarita oil reservoir.
Manitok Energy Inc. – Oil and Gas in the Western Canadian Sedimentary Basin
Manitok Energy Inc. (CVE: MEI) is an oil and gas exploration and development company focused on conventional reservoirs in the Canadian foothills and heavy oil in east central Alberta. The company has assembled a portfolio of properties, with varied play-types, in Alberta, Canada. All of these projects are at the drill-ready stage, with recent drilling operations completed on the Swimming property last fall and another drill underway on their Stolberg lands. In mid 2010, Manitok merged with Desco Resources Inc. and raised almost $10 million in order to go public. At the end of December 2010, Manitok completed an $18.1 million equity financing of both common and flow through shares. Manitok is expecting a capital program of about $21 million in 2011.
Deloro Begins Production Testing
Deloro Resources (CVE:DLL) announced today that they have begun production test at their Wilkie project ni Canada. Deloro is testing “electrically enhanced oil recovery” on heavy oil properties. The release states that testing has begun on one of the six wells on the property. Click here to see the full release.
