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Pantheon Resources spuds VOBM#1 well, commences two well drilling programme

July 28, 2015

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Pantheon Resources plc the AIMquoted oil and gas exploration company with a 50 working interest in several projects in Tyler and Polk Counties onshore East Texas is pleased to announce the spuddi

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Source:: Oil Voice […]

Sudden Drop in Crude-Oil Prices Roils U.S. Energy Firms’ Rebound

July 27, 2015

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Global Energy Industry News

By hellenicshippingnews U.S. energy companies are planning more layoffs, asset sales and financial maneuvers to deal with a recent, sudden drop in U.S. crude-oil prices to under $50 a barrel, the lowest level in four months. The companies had been banking on a rebound in […]

How Not to Sell Crude Oil

July 24, 2015

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Liz Out Loud

What do you do when the world is awash with oil, your biggest customer has suddenly become almost self-sufficient and your nearest competitor is producing a more suitable quality of oil for your remaining market? You ban 113 crude tankers from entering your territorial waters with immediate […]

Iran says to introduce new oil contract in two or three months

July 24, 2015

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Global Energy Industry News

By hellenicshippingnews Iran aims to introduce a new petroleum contract internationally in the next two to three months, its deputy oil minister said on Thursday, part of the Islamic Republic’s plan to boost output post-sanctions. The proposed contract is more liberal than Iran’s previous “buy […]