- Roughneck Shane Pentelescu works with a ring of wedges that locks the drill shaft on a Precision Drilling Trust rig at an Encana Corp. natural gas well site near Alix, Alberta, Canada, on Saturday, Dec. 19, 2009. Encana Corp., Canada's largest natural gas producer, has production capacity equivalent to 3.2 billion cubic feet of gas per day. Photographer: Norm Betts/Bloomberg *** Local Caption *** Shane Pentelescu
Recent industry news
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Prices of gold, steel, oil and natural gas will increase
Global economy is set to recover and the global consumption and prices of gold, steel, oil and natural gas will increase. Steel consumption is expected to be 1.25 billion tonnes ... [03/09/2010 01:49:13]
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For oil markets, it never really got going. Gasoline inventories, usually drawn down during "driving season," were unusually high on Memorial Day and have climbed since.
Natural gas did better as sweltering heat stoked demand for electricity ... [30/08/2010 09:18:45]
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Samson Oil & Gas Limited (ASX:SSN) (SSN 1.21, +0.02, +1.68%) has been advised by the Buyer of its Denver-Julesburg Basin acreage interests in Goshen County, Wyoming, that the Buyer has completed its due diligence on the contracted properties ... [30/08/2010 09:17:22]
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In most places west of Manitoba, the arrival of yet another oil or gas drilling rig is cause for little notice or concern. In Quebec, a half dozen gas wells and the potential of hundreds more may be about to set off a new kind of identity ... [30/08/2010 09:09:07]
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President Obama's ban on deep-water oil drilling has served its purpose, and oil companies should be able to resume drilling if they meet new government standards, an independent panel said Thursday. [27/08/2010 09:53:41]
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The country's largest engineering and construction company Larsen &Toubro is looking to foray into the banking and oil and gas sector. The engineering giant can become a complete bank, said A M Naik, chairman and managing director, at the ... [27/08/2010 09:52:35]
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PetroChina Ltd., China's biggest oil and gas producer, said Thursday its first-half profit rose 29 percent from a year earlier as higher oil prices helped to offset weaker margins in its refining business. [27/08/2010 09:51:27]
- Province sees low long-term natural gas prices
Roughneck Shane Pentelescu works with a ring of wedges that locks the drill shaft on a Precision Drilling Trust rig at an Encana Corp. natural gas well site near Alix, Alberta, Canada, on ...[26/08/2010 09:16:53]
- Ugandan president to approve all oil, gas deals
Uganda's President Yoweri Museveni wants the final say on all oil and gas deals as the country prepares to launch oil production, a letter seen by Reuters shows.
In the letter dated July ...[20/08/2010 09:41:47]
- BP well capped, but not forgotten
They've finally cemented up BP's runaway well (top and, soon, bottom). Unfortunately, this comes after 220 million gallons of oil was released into the Gulf of Mexico. So what's the long-term effect?[16/08/2010 09:13:29]
- Gulf of Mexico oil, gas ops returning to normal
Several oil and gas companies restarted operations and began returning nonessential personnel to offshore infrastructure as Tropical Depression Five fizzled out into a cluster of thundershowers ...[13/08/2010 09:31:04]
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