Nigeria Oil Moves

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. …

What Oil Company Grows in California Oil Meltdown

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 …

This Micro-cap Oil Company – A Real “David and Goliath” Story

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 …

In Oil Meltdown This Oil Company Excels

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 …

Has This Small Cap Oil Company Unlocked Exploration Risk?

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 …

Recent Oil Discoveries and the Companies Behind them

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 …