Offshore Finds Are Transforming Africa Into a Major Oil Producing Region

MarketResearch.com has announced the addition of GBI Research’s new report “Oil Market in Africa to 2015 – Offshore Finds Transforming Africa into a Major Oil Producing Region,” to their collection of Oilfield Equipment & Services market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6164897 Since the discovery of the giant Jubilee field in 2007, Ghana has emerged as a... Read more..

Precision Petroleum Corporation to Purchase Up to 50% of the Powder River Basin Project

Precision Petroleum Corporation has consummated an agreement with Nitro Petroleum Incorporated as of January 28, 2009 pursuant to its letter of intent for the exploration of oil and gas properties in the Northeastern Province of the Powder River Basin project. Precision Petroleum Corporation is very encouraged with the execution of this agreement due to the relative unexplored nature of the properties with the possible upside potential of finding... Read more..

RAE Systems Introduces MeshGuard(TM) Wireless Mesh Radio Gas Detection for Hydrogen Sulfide and Carbon Monoxide

RAE Systems Inc., a leader in delivering innovative sensor solutions to serve industrial, energy, environmental, and government safety markets worldwide, introduced MeshGuard(TM) a rugged single-sensor, battery-powered toxic gas detector integrated with a wireless mesh radio modem for detecting hazardous levels of hydrogen sulfide (H2S) or carbon monoxide (CO). The monitoring units are designed to operate in the full temperature range of -40° to... Read more..

TexCom, Inc. Resumes Operations at M.B. Energy

TexCom, Inc. reported that its M.B. Energy, LLC subsidiary resumed operations on Monday morning following a brief shutdown over the weekend due to Hurricane Ike. Located in Chambers County, Texas, one of the areas hardest hit by Ike, M.B. Energy disposes of oil and gas production and drilling waste. Due to the self-contained nature of Exploration and Production operations, many drilling operations in Southeast Texas were quickly back on line following... Read more..

Tri-Valley Subsidiary Arranges $5 Million Initial Funding to Accelerate Production

Tri-Valley Corporation announced that its subsidiary, Great Valley Production Services LLC (GVPS), has arranged its first $5 million tranche to fund expansion of equipment and infrastructure to accelerate oil and gas production increase on its six development properties in California. GVPS already has 17 steam generators with five in the field and 12 more being refurbished and brought up to air quality codes for various California venues. GVPS is... Read more..

Berry Petroleum Selects BoardVantage

Berry Petroleum, Inc., a leading independent energy company engaged in the production, development, acquisition, exploitation and exploration of crude oil and natural gas, has selected BoardVantage to manage its board communications. Berry Petroleum will be using BoardVantage to prepare and distribute its board materials and facilitate its executive collaboration. Robert F. Heinemann, president and CEO, comments, “The BoardVantage board portal... Read more..

Exterran Holdings and Exterran Partners Report Second Quarter 2008 Results

Exterran Holdings reported net income for the second quarter 2008 of $21.7 million, or $0.33 per share, including $31.8 million in pretax charges, or approximately $0.29 per share, for estimated cost overruns in the fabrication segment. Net income was $49.4 million, or $0.73 per share, for the first quarter 2008 and $26.1 million, or $0.71 per share, for the second quarter 2007. Revenue was $812.2 million for the second quarter 2008 compared to $740.1... Read more..

ProSep provides corporate update

ProSep Inc., dedicated to providing process solutions to the oil and gas industry, announced that it has signed new contracts with customers in each of its business units totaling $2 million in value. ProSep will be providing the oil and gas companies with process equipment and services to support their upstream production activities. As a result of the contracts, ProSep’s revenue backlog has increased to more than $50 million. “Since... Read more..