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Large Crude Inventory Build Rocks Oil Prices

Crude oil prices went lower today after the U.S. Energy Information Administration reported an inventory increase of 7.3 million barrels for the week to April 26

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Is Copper Heading to $15,000?

Copper prices reached $10,000 per metric ton due to increasing demand and supply constraints, leading to concerns about a looming supply crisis.

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OPEC Chief Challenges Reports Predicting Demise of Oil Demand

OPEC has repeatedly argued that forecasts that predict a rapid end to the era of oil are not grounded in reality and that amplifying them could sap new investment in oil and gas supply that the world needs.

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Press Releases / Latest Oil and Gas Company News

El Paso Shareholders Approve $24 Billion Takeover of Morgan Kinder Inc.

Mar 09, 2012 at 17:31

Shareholders of El Paso Corp. (EP) have approved a $24 billion takeover of Kinder Morgan Inc. in a deal that will form the biggest pipeline company in the US. EP…

Cue Releases Drilling Update on its Naga Utara-1 Well

Mar 09, 2012 at 17:26

Naga Utara-1 Well, Mahakam Hilir PSC, Indonesia Cue Energy Resources Ltd (ASX: CUE; NZX: CUE) is pleased to provide the following update on the drilling status of Naga Utara-1. The…

MEO and Cue Renew Carnarvon Basin Permit for Five Years

Mar 08, 2012 at 12:48

WA-360-P renewed for 5 years, MEO interest increases to 62.5% Key Points:• Designated Authority grants 5 year renewal of WA-360-P• MEO participating interest increases to 62.5%…

MEO Australia Releases Volumetric Assessment of Gas Discoveries

Mar 05, 2012 at 18:46

Independent assessment of Marina discovery and Breakwater prospect Key Points: • Marina-1 discovery assessed to contain contingent hydrocarbon resources in five zoneso contingent gas resources: 51 Bcf…

Repsol Discovers Another Large Oil Deposit in Brazil

Feb 29, 2012 at 11:08

A new oil discovery has been made in the Campos Basin of the coast of Brazil. Repsol Sinopec Brasil discovered the Pão de Açúcar well has a thickness of 500m,…

Floyd 3d Seismic Survey Completed in Timor Sea

Feb 28, 2012 at 18:20

Completes acquisition of Floyd 3D seismic survey in WA-454-P Key Points: • Completes acquisition of Floyd 3D seismic survey in WA-454-P (MEO 100%)• Survey will refine Marina resource…

PTTEP Astonishes the Market with a £1.1 Billion Cash Bid for Cove Energy

Feb 28, 2012 at 18:10

Last week Shell made a £942 million bid for Cove Energy, who hold significant rights to areas of Mozambique that boast some of the world’s largest natural gas reserves, but…

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