Japan tsunami grazes Americas but impact light

Tsunamis triggered by Japan’s devastating earthquake that prompted thousands to flee the Pacific coast of North and South America caused flooding as far away as Chile on Saturday, but damage was limited. The tsunami lost much of its energy as it moved thousands of miles (km) across the Pacific Ocean, although governments took no chances and ordered... 

Moody’s Confirms Nexen’s Investment Grade Credit Rating

Earlier today, Moody’s Investors Service announced the completion of their credit review and confirmed Nexen’s Baa3 rating with a negative outlook. We expect to retain this rating and remove the negative outlook by reducing our debt to levels commensurate with the rating by late this year or early 2012, and retaining sufficient cash to fund... 

Edge Resources Announces Issuance of Stock Options

Edge Resources Inc. announced today that it has granted incentive stock options for a total of 1,200,000 common shares of the Corporation at a price of $0.36 per share (with respect to 1,000,000 of the options) and $0.30 per share (with respect to 200,000 of the options) all for a period of five years, under the formal stock option plan approved at... 

Global Oil and Gas Upstream M&A 2010 Review

Record $211 billion in deals announced in 2010; Study sees another strong year in 2011 with more than $90 billion of properties on the market. PLS Inc., with international partner Derrick Petroleum Services and further analysis from Rystad Energy, reports global upstream oil and gas M&A activity for 2010 reached a record $211 billion. That volume... 

Spill panel calls for offshore drilling reform

Blaming the massive BP oil spill on government and industry complacency, a White House panel on Tuesday called for a dramatic overhaul of the way the U.S. regulates offshore drilling. The White House oil spill commission, in its final report of the BP drilling disaster, said the U.S. government needs to expand its drilling regulations, as well as set... 

Sun River Energy, Inc. Announces Total Depth Reached on the Neal Heirs #1

Sun River Energy, Inc. Sun River Energy, Inc.’s (the “Company” or “Sun River”) wholly owned operating company, Sun River Operating, Inc., set pipe on the Neal Heirs #1 well in southwestern Panola County, Texas at a total depth of 11,073 feet. Logging was completed on December 25, 2010. All of the objective formations... 

Suncor Energy reports oil sands production numbers for December 2010

Suncor Energy Inc. reported today that the company’s oil sands production during December averaged approximately 323,000 barrels per day (bpd). The company achieved its oil sands production target for 2010 with annual production averaging approximately 283,000 bpd. Production numbers include upgraded sweet and sour synthetic crude oil and diesel,... 

Graham Corporation Wins Two Ejector System Orders Valued at $4 Million

Graham Corporation (NYSE Amex: GHM), a designer and manufacturer of critical equipment for the oil refining, petrochemical and power industries, today announced that it has received two orders for ejector systems that total approximately $4 million. The first order is for an ejector system to be installed at a U.S. refinery that is being modified to... 

OGX Announces the Presence of Hydrocarbons in Well 1-MRK-3/4P-RJS in the Campos Basin

OGX Petróleo e Gás Participações S.A. the Brazilian oil and gas company responsible for the largest private sector exploratory campaign in Brazil, announced today the presence of hydrocarbons in the Santonian, Albian and Aptian sections of exploration well 1-MRK-3/4P-RJS, which is located in the BM-C-37 block, in the shallow waters of the Campos... 

Energy Quest, Inc. Gasifcation Process Can Produce Biochar

Energy Quest, Inc. , an emerging leader in alternative energy and the development and production of hydrogen-enriched alternative fuels in an environmentally responsible manner, announced today its gasification process can produce Biochar from agricultural wastes and other biomass. Using Biochar as a soil amendment is an excellent way to enhance crop...