Petro River Oil Provides Corporate Update

Petro River Oil Corp. Provides Corporate Update NEW YORK, NY, February 9, 2016– Petro River Oil Corp.  (OTCBB: PTRC) (“Petro River” or the “Company”), is pleased to provide an update on our ongoing corporate activities, as well as the development plans for our core acreage in Osage County and our interest in several projects accessible through our pending …

Economist says Texas oil drillers may have unlocked crude supply lasting “decades into the future”

Texas has lost at least 60,000 upstream oil and gas jobs, plus as many as 250,000 supply chain and retail jobs indirectly, as a result of the oil crash, according to an analyst with one of the top industry trade groups in the state. Karr Ingham, a petroleum economist who compiles the semi-annual Texas Petro Index …

Petro River Oil Corp. to Acquire a 9% Interest in Petroleum Licenses Located in the Larne Basin in Northern Ireland

Petro River Oil Corp. to Acquire a 9% Interest in Petroleum Licenses Located in the Larne Basin in Northern Ireland NEW YORK, NY, January 19, 2016– Petro River Oil Corp.  (OTCBB: PTRC) (“Petro River” or the “Company”), today announced that Petro River UK Limited, its wholly owned subsidiary, entered into a Farmout Agreement to acquire a 9% interest …

Norway declares crisis in oil industry as devaluation continues

STAVANGER, Norway (Bloomberg) — With oil dropping below $30/bbl, producers in western Europe’s biggest crude exporting nation are now considerably worse off than they were in the darkest hours of 2008. Norway’s oil “industry is in a crisis now, we can’t deny that,” Bente Nyland, director general of the Norwegian Petroleum Directorate, told Bloomberg. Nyland …