Wednesday, April 20, 2011

Encana Reports Positive Operational Results for Q1 2011 results; Plan to ramp up Development and Exploration activities in its extensive 1.7 million acres!!!

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Encana reported average production of 3.34 Bcfepd for Q1 2011, up 2% over first quarter 2010. The company is on-track to meet 2011 year-end ...

Vedanta acquires 10.4% stake in Cairn India from Petronas for $1.5 billion! Indian upstream sector - Magnetising the foreign players.

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Vedanta Resources Plc announced the acquisition of a 10.4 % stake in Cairn India Limited by Sesa Goa (a subsidiary of Vedanta) from Petron...
Tuesday, April 19, 2011

Woodside’s Q1 2011 production drops by 19%. Woodside plans aggressive appraisal and development activities to achieve 2011 production target!!

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Woodside reported production of 15.6 mboe for March 2011 quarter end, down 19% compared to the corresponding quarter due to tropical cyclone...

Overstated oil estimate pulls down OGX stock

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OGX, the Brazilian oil and gas company responsible for the largest private-sector exploratory campaign in Brazil, today disclosed the res...

EnCore Oil plans for exploration assets flotation under XEO Exploration

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EnCore announces that it is planning for a subsidiary company, which will be assigned the Exploration Assets, to be floated on AIM. The new ...
Monday, April 18, 2011

PDC announced $233 million Capital Program; Projected 19% year-over-year growth in production for 2011

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PDC Energy expects production growth of 19% in 2011, as the company moves to accelerate development of oil and liquid assets in the onshor...

Oil resource plays- Causing a stir in the industry!! Back to back crown land sales in Canada hit ~C$110 million

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Alberta- April 2011 sale Alberta kicked off its first land sale of fiscal 2011/2012 on 6 th April, 2011 with a C$115.8 million land sale, ...