Articles Tagged "petroleum"

Norway’s Oil Future Seen With Barents Sea

Oil – Bloomberg reported that western Europe’s largest petroleum producer, Norway, may have found an oil future with an ice-free expanse of the Arctic in the Norwegian Barents. It has been reported that oil companies will drill a minimum of 12 wells in the Barents Sea this year in a bid to unlock an estimated 6 billion barrels of oil equivalent the area is thought to have.

Peak Oil

Oil – The increasing investment in harder-to-reach oil is often sited as a sign of oil companies' belief in the end of easy oil. Additionally, while it is widely held that increased prices catalyze an increase in production, a growing number of oil insiders are now coming to believe that production is unlikely to increase widely beyond current ranges.

Sagres Energy Inc. Announces Spud of the Apoteri K-2 Exploration Well in Guyana

Heavy Oil – Sagres Energy Inc. (CVE:SGI) announces the planned spud of the Apoteri K-2 exploration well on the Takutu Block in Guyana prior to December 31, 2010.

Alberta Star Successful at the Saskatchewan Crown Land Sale

Oil – Alberta Star Development Corp. (CVE:ASX) acquires petroleum and natural gas rights on a 160 acre parcel of undeveloped lands in the Lloydminster heavy oil region.

Marifil Acquires 86,656 Ha of Potash Lands

Potash – Marifil Mines Ltd. (CVE:MFM) announces that an ongoing exploration program for potash in the Neuquen Basin in Argentina resulted in identification of a large area highly favorable for potash in the northern portion of the basin in Mendoza Province.

Alberta Star Acquires Additional Land at Landrose

Heavy Oil – Alberta Star Development Corp. (CVE:ASX) acquires a 100% interest in petroleum and natural gas rights on 40 gross acres of land located in Section 16-50-26 W3M in the Landrose area of west-central Saskatchewan.

Treaty Energy Updates Progress on Belize

Oil – Treaty Energy Corporation (OTC:TECO) updates on the progress of its Joint Venture with Princess Petroleum Limited on the 2 million acre concession in Belize.