Africa Oil Corporate Update

Africa Oil Corp. reports that it has granted an aggregate of 2,390,000 incentive stock options to certain officers, directors, and other eligible persons of the Company. The options are exercisable, subject to vesting provisions, over a period of three years at a price of $2.10 per share. Africa Oil Corp. is a Canadian oil and gas company with assets... 

Hercules Offshore, Inc. Announces Investment in Discovery Offshore S.A.

Hercules Offshore, Inc. announces an investment of $10 million in Discovery Offshore S.A. (“Discovery Offshore”), a newly formed Luxembourg-based company, focused on ownership of ultra high-specification jackup rigs. Discovery Offshore will construct two ultra high-specification jackup rigs, with options for two additional jackup rigs,... 

Range’s Proved Reserves Increase 42%

RANGE RESOURCES CORPORATION announced today that its proved reserves as of December 31, 2010 increased 42% to 4.4 Tcfe. From all sources, Range replaced 931% of production in 2010 with 840% reserve replacement occurring through the drill bit and positive performance revisions. Finding and development costs from all sources, including acquisitions,... 

Western Refining Wholesale Turns to KSS Fuels for Pricing Intelligence Solution to Maintain Competitive Edge

Western Refining Wholesale, a division of Western Refining Inc., an independent refining and marketing company headquartered in El Paso, Texas, will use KSS Fuels’ RackPrice wholesale pricing solution to help it manage fuel prices at its wholesale locations. Western Refining is a crude oil refiner, wholesale fuel and lubricants distributor and retailer... 

SteelPath Fund Advisors Announces Annual Update Call for SteelPath MLP Funds

SteelPath Fund Advisors announced today a update call for institutional investors regarding the SteelPath MLP Alpha Fund the SteelPath MLP Income Fund , and the SteelPath MLP Select 40 Fund The Funds’ portfolio managers will review the market and fund performance for the year 2010. The call will be held on Thursday, January 27, 2011 at 3:30 p.m.... 

Propel Technology: Three new products and the promise of ‘fuel-neutral’, practical advice to Ecobuild visitors

Viessmann, one of Europe’s leading brands in heating technology, is urging designers and constructors to visit its stand (N2030) at Ecobuild (March 1-3, 2011; ExCel; London) for unbiased advice on the specification of sustainable and energy efficient heating technologies. The company, renowned for its comprehensive range of quality products for... 

Iran joins Venezuela, Libya to say no harm in $100 oil

OPEC’s leading oil price hawk Iran joined Venezuela and Libya on Sunday to say it saw no need for the cartel to consider raising crude supplies to rein in crude prices now near $100 a barrel. Iranian Oil Minister Massoud Mirkazemi said some members of the Organization of the Petroleum Exporting Countries saw no need for producers to act even if... 

OPEC ready to act but not due to speculators: report

OPEC is ready to act to address supply shortages in the oil market but not to counter price moves caused by speculation, Secretary General Abdullah al-Badri told an Austrian newspaper. The group is monitoring the situation closely, and “OPEC will intervene to stabilize the market if the market is imbalanced. OPEC will not intervene because of... 

Market flat, pares losses from jobless claims

U.S. stocks were little changed on Thursday, paring losses after weaker-than-expected jobless claims and helped by a rise in Marathon Oil. Contributing to the weakness was a sharp drop in shares of Merck on disappointing drug trial news. The drugmaker was the biggest percentage decliner on the S&P 500. Weekly initial claims for unemployment benefits... 

Research and Markets: This Indian Oil & Gas Sector Analysis States the Industry Has a Strong Role to Play In the Development of the Indian Economy

Research and Markets has announced the addition of the “Indian Oil & Gas Sector Analysis” report to their offering. India is gaining strategic importance globally owing to impressive growth pattern and market attractiveness. The country is the worlds fifth-biggest energy consumer and continues to grow rapidly. With increasing demand...