Three-peat, is a trademarked term by LA Lakers, Pat Riley during their attempt at a third consecutive NBA championship during the 88-89 season. Although unsuccessful in their attempt that season, the term quickly became synonymous with winning and success. The genesis of the term was sports but a three-peat in business may be just as …
Anyala and Madu oil fields offshore Nigeria have moved toward development with an agreement for financial and technical assistance from Schlumberger Ltd. A joint venture of Nigerian National Petroleum Corp. and First Exploration & Petroleum Development Co. Ltd. signed an agreement with Schlumberger envisioning combined production of 50,000 b/d of oil and 120 MMscfd of natural gas starting in 2019. …
With the recent meltdown in oil prices, major oil companies in California like Occidental, Shell, Chevron and Conoco Phillips have been forced to curtail or shut down production. Although they continue to follow a path of discovery almost all of those discoveries revolve around shale and the high infrastructure and geo political costs associated. A …
While no one gets destroyed in this story, the prevaling tale is the same. The smaller prevails over the larger. It is in oil rich California where this saga is unfolding. California is the nation’s third-largest oil producer behind Texas and North Dakota, according to the federal government. The majority of the supply comes from …
An oil exploration article Monday in Forbes.com states, “If not approaching its twilight years, global exploration potential is sporting tell-tale signs of middle age”. Don’t tell that to oil exploration company Pero River Oil (PTRC) (STOCK PRICE) Coming off two discoveries last month in Osage County, OK and possibly a third this month, Petro now sets …
Watch below to understand how 3-D Seismic technology helps oil and gas exploration companies find oil.
By Kenny Soulstring (CNA Finance) Now that the U.S. has an administration in the White House that is bent on making the nation energy independent, investors should embrace an opportunity to find and profit from emerging, under-the-radar stocks. Finding them is not enough, though. Investors also need the willingness to get out in front of …
There is no sure-fire method to eliminate risk in searching for oil. 21st century technology has yet to provide a perfect solution however, it is rapidly expanding the way in which companies identify oil and gas reserves. In light of the global surge in shale fracking or unconventional exploration these technological advancements are also addressing …
Petro River Oil (OTC:PTRC) just announced it made a significant oil discovery. While most oil and gas industry headlines are focusing on the ability to make a profit with oil trading at near rock bottom prices, why is a discovery important? Previously announced oil discoveries in Alaska by Spanish oil company Repsol SA (BME:REP) and …
Two oil companies announce discoveries and one seeking a discovery in Oklahoma. Falling oil prices, excessive spending on shale technologies and massive layoffs have been the industry’s headlines since 2014. But lately news is trending towards new discoveries and optimistic forecasting of an industry struggling to maintain viability in the eyes of their shareholders. A …