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Scientists say oil exploration threatens Amazon (AP) AP - Oil exploration in the Amazon rain forest represents the latest, perhaps greatest, threat to preserving what remains of the world's largest remaining tropical wilderness, scientists said Wednesday. yahoo.comAnadarko drops plans to pump crude in Iraq Anadarko Petroleum Corp., the second-largest independent U.S. oil producer, abandoned plans to pump crude in Iraq, home to the world's third-largest petroleum reserves. Houston ChronicleEnsco subsidiary to build deepwater oil rig Ensco International Inc., an operator of offshore oil drilling rigs, says one of its subsidiaries has entered into a construction contract to build the company’s seventh ultra-deepwater oil rig. (ESV) bizjournalsOil settles nearly $3 up on tighter gasoline supplies The U.S. Energy Department reported that gasoline supplies dropped 6.4 million barrels to 202.8 million barrels last week, the biggest decline since October 2002. Houston ChronicleU.S. oil and gas rig count up by 16 The number of rigs actively exploring for oil and natural gas in the United States rose by 16 this week to 1,967. Of the rigs running nationwide, 1,571 were exploring for natural gas and 387 for oil, ... topix.netAmerican Resource Technologies, Inc.: American Resource Technologies, Inc. Announces Oil Sales LEWISVILLE, TX (MARKET WIRE) American Resource Technologies, Inc. (PINKSHEETS: ARUR) has been informed by the operator that by putting two new wells on line in July, oil sales increased more than 100% from June. With four new wells being brought to production during this month the Company expects to see this continued growth in its oil sales. Marketwire.comWidening Russian action in Georgia affecting global oil supplies Oil traders on Monday shrugged off Russia's widening invasion of neighboring Georgia, but if the conflict spreads further it could threaten nearly 1 million barrels per day of needed global crude supplies from ... topix.netShell forced to pull ad praising planned Texas refinery Royal Dutch Shell PLC violated industry rules by claiming in a newspaper ad that two oil projects in Canada and the United States involved sustainable forms of energy, Britain's advertising watchdog ruled today. The Advertising Standards Authority investigated the Shell ad after a complaint from the World Wildlife Federation. Houston ChronicleOil at 14 week low The price of crude oil continues to fall as reports show that producers have dropped output amidst falling US demand, according to Bloomberg. Crude oil for September delivery was at $113.32 a barrel in after-hours electronic trading on the New York Mercantile Exchange. Though oil is down over 23% on July highs it is still 58% higher than a year earlier. AME InfoGeoResources reports Q2 net income of $7.8 million GeoResources, an oil and gas company, has reported a net income of $7.8 million, or $0.50 per diluted share, for the second quarter ended June 30, 2008, compared to a net loss of $1.3 million, or $0.09 per share, for the same period of 2007. Energy-business-review.com1 2 |
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