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Occidental Petroleum Corporation (Oxy) fulfilled all its commitments relating to its projects in Oman in 2013 and even outperformed its forecasts, an official at the company said here on Monday. Addressing the Ministry of Oil and Gas' annual press
It has been growing output by triple-digits over the past few years...Then and now Kodiak Oil & Gas was able to leave 2013 with an average production rate of 36,100 barrels of oil equivalent per day (boepd) in the fourth quarter, up 98% year over
New Age started drilling the appraisal well last October, with a targeted depth of 2,850 meters. R eliable sources told The Reporter that a crew was drilling the well when it noted oil and gas flow at a depth of 1200 meters on February 12, 2014. "Oil
Marathon Oil Corp. said U.S. oil production increased primarily from operations at the Eagle Ford shale play in southern Texas and similar basins. Marathon Oil President and Chief Executive Officer Lee Tillman said his company's "sharp focus" on
According to experts, much of it is owed to efforts of the state and private sector to develop energy saving policy due to high price of imported gas. However, there are no doubts that the achieved optimization of gas consumptions is just a start.
Million Reasons Investors Could Be Richer Than They Think Here is a classic story of an oil & gas producer who sunk most of its cash into natural gas, and then got burned as prices plummeted. GDP ) , which used to have 96% of its production
China National Offshore Oil Corp. said it plans to drill more than 150 exploration wells this year and produce more than 422 million barrels of oil equivalent. China, said it plans to drill 155 exploration wells and survey thousands of square miles
Texas has two of the largest shale formations in the country. One, the Eagle Ford shale in the southeast part of the state, has been a hot topic among investors for years. The other, the Permian Basin , has multiple formations, including the Cline
BHP is investing around $US4 billion per year into the US shale business, which it expects to be self-funding by 2016. The company's total US onshore business is expected to produce 500,000 barrels of oil equivalent per day by 2017, the company said.
Woodside Petroleum has flagged a modest rise in output for 2014 to as much as 93 million barrels of oil equivalent as it benefits from recent project developments. For 2013, Woodside said it now expects output of between 86-88 million barrels of oil