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Oilbarrel News headlines March 18, 2010

World News Edition

News: March 18, 2010

Canoel International Energy Seeks Resources To Fund E&P Ambitions In Tunisia And Argentina

There is never an easy time to launch a new E&P business but IPO-ing just before the meltdown in global financial markets ensured a rocky ride for industry newcomer Canoel International Energy. The company joined the TSX-Venture

Full story...

News: March 17, 2010

GeoPark Holdings Joins Forces With Korean Trading Giant To Make Material Acquisitions In Latin America

Last month we reported that Chile-focused GeoPark Holdings was eying acquisition opportunities elsewhere in Latin America to diversify its portfolio of E&P properties. One month on and the AIM-quoted company has joined forces

Full story...

News: March 16, 2010

Alternative Power Producer Alkane Energy Announces New Ventures Utilising Core Gas-To-Energy Skills.

Preliminary results from Alkane Energy, the London listed AIM the alternative energy company that owns and operates power generation plants using coal mine methane (CMM) as fuel, were broadly in line with expectations.

Full story...

News: March 16, 2010

Rheochem Consolidates Its Hold On Zeus Petroleum As Athena Moves Forward Once Again

When oil services group Rheochem plc moved upstream in 2006, it could hardly have envisaged the rollercoaster ride ahead as financial markets around the world crashed and oil prices soared to US$140 a barrel, plummeted to under

Full story...

Feature: March 15, 2010

Conference report 2: Aurora Oil & Gas And San Leon Energy Chase Shale Gas Opportunities While Europa Oil & Gas Targets UK Production Boost

Oilbarrel.com has made something of a home-from-home in The Brewery on Chiswell Street, site of Samuel Whitbread’s brewing operations in the 18th and 19th centuries, with the historic buildings proving a pleasant and increasingly

Full story...

Market Overview: March 12, 2010

An Increase In Energy Demand From China Helps Maintain The Strength Of The Oil Price

The oil market welcomes any news of an increase in energy demand and this week, the Chinese delivered this much-needed boost to the market, and helping to maintain the strength we’ve seen in the oil price. This has been the

Full story...

Feature: March 12, 2010

Conference Report 1: New Guinea Energy And Dominion Petroleum Offer Wildcat Excitement In Far-Flung Frontiers While Xcite Energy Targets Heavy Barrels Closer To Home

Oilbarrel.com’s 32nd conference started not with a bang but a cloud of smoke as a fire on the City limits, from which oilbarrel’s HQ was not immune, sent smoke drifting across the Square Mile. Still oilbarrel.com delegates are a

Full story...

News: March 11, 2010

Despite Profits Slump, Tullow Oil Remains The One To Watch With 30 Wells Planned For 2010

Tullow Oil is now in countdown mode to first oil from one of the company-making African discoveries that have catapulted the E&P into the FTSE100. Phase 1 of the Jubilee field development offshore Ghana is due onstream in Q4

Full story...

News: March 10, 2010

New Guinea Energy Gears Up For Some Drilling Following Its Farm Out to Talisman Energy

We know that Papua New Guinea is becoming one of the worlds newest, highly prospective hydrocarbon provinces because London Aim quoted Rift Oil presented at an oilbarrel.com conference last year and described the substantial

Full story...

News: March 09, 2010

Drillbit Success Creates Opportunities For Europa Oil & Gas In The UK And Romania

Europa Oil & Gas, which is due to present at Thursday’s oilbarrel.com conference in London, has taken steps to refocus its portfolio on Europe, where recent months have delivered drilling successes in two of its three core areas.

Full story...

News: March 09, 2010

Hardy Oil & Gas Drills A successful Third Well On Its Highly Prospective Deepwater D3 Block Offshore Eastern India

London main board LSE listed Hardy Oil & Gas is a full cycle E & P company with production, development and high impact exploration prospects, mostly, but not entirely, in India. The emphasis in the 2009 preliminary results

Full story...

News: March 09, 2010

Po Valley Energy Starts 2010 In Good Shape With Castello Onstream And Sillaro Nearing Commissioning

Two thousand and ten should be a key year for ASX-quoted Po Valley Energy.  The company, which takes it name from the gas-rich region of northern Italy where it operates, has overcome bureaucratic inertia to bring its

Full story...

News: March 08, 2010

Windjammer Propels Cove Energy From Exploration Newbie To Deepwater Success In Less Than One Year

For a relative newcomer to the exploration scene, Cove Energy is setting an impressive pace. Less than a year after it was formed through the acquisition of an AIM cash shell, Cove has clocked its first discovery. What’s more,

Full story...

News: March 05, 2010

Independent Resources Advances Italy’s First CBM Project

Unlike North America and Australia, where coal bed methane resources are making significant contributions to energy supplies, operators in Western Europe have been slow to grasp the resource opportunities presented by the gas

Full story...

Market Overview: March 05, 2010

The Oil Price Continues Its Healthy Run Staying Above US$80 A Barrel For Two Weeks

The oil price is maintaining a healthy run, managing to stay around US$80 for the past 2 weeks. Oil producers will be hoping this trend will continue as they prepare for OPEC’s first meeting of 2010. In early trading on Friday,

Full story...

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