Thu, 23 May 2013 07:59:09 CDT yahoo.com
Nigeria's state oil company and a subsidiary of Exxon Mobil plan to tap the bond market by 2016 to fill a funding shortfall in their oil exploration joint venture, the companies said. Exxon and the Nigerian National Petroleum Corporation (NNPC) operate a joint venture with a capacity of more than 550,000 barrels per day of crude oil, condensate and gas liquids.
Wed, 22 May 2013 17:25:05 CDT kxan.com
U.S. production reached 7.4 million barrels per day early this month, 48 percent higher than the average production in 2008 and the highest it's been since February of 1992. The IEA expects U.S. production to reach 9.1 million barrels per day by 2018.
Wed, 22 May 2013 10:26:06 CDT thejakartaglobe.com
President Susilo Bambang Yudhoyono's goal of increasing domestic oil production to 1 million barrels per day by next year goes well beyond the target likely to be set by the industry's regulator.
Tue, 21 May 2013 12:23:19 CDT bizjournals.com
Tesoro Corp. will sell some of the storage infrastructure it acquires through its takeover of BP plc's Carson refinery to Tesoro Logistics LP, a partnership it formed in 2011 to develop pipelines and other oil-logistics assets. The infrastructure includes six storage terminals with total capacity of 6.4 million barrels, including 4.5 million barrels which are dedicated to commercial storage. The combined throughput capacity for the facilities is 224,800 barrels per day.
Tue, 21 May 2013 12:11:48 CDT wsj.com
Mr. Rainey, a former vice president of exploration for the Gulf of Mexico, said in both instances the estimated flow was about 5,000 barrels per day but internal BP documents from the time showed the company believed the rate was likely much higher.
Tue, 14 May 2013 11:23:14 CDT cnn.com
In its latest report, the Paris-based IEA forecasts that North America's oil supply will grow by nearly 4 million barrels per day between 2012 to 2018, amounting to nearly 50% of global output growth over that period.
Sat, 11 May 2013 11:45:24 CDT dailynewsegypt.com
The Organisation of Petroleum Exporting Countries forecast total average oil demand of 89.7 million barrels per day, up 0.8 million per day from 2012, unchanged from its previous projection. Print Email.
Fri, 10 May 2013 13:37:26 CDT wenatcheeworld.com
The U.S. Energy Information Administration reported, U.S. production now averages 7.1 million barrels per day, and should rise to 8.5 million barrels per day by the end of 2014.
Thu, 09 May 2013 19:00:24 CDT punchng.com
The Presidency has directed the Minister of Petroleum Resources, Mrs. Deziani Alison-Madueke, to carry out a thorough investigation into the alleged improper handling of the 445,000 barrels per day domestic crude oil purchase by the Nigerian National Petroleum Corporation and remittances to the Federation Account.
Tue, 07 May 2013 07:00:01 CDT upi.com
The U.S. Energy Department's Energy Information Administration said advances in extraction technology will push oil production to more than 7 million barrels per day by the end of the decade.