GLG News by Oil and Gas Well Drilling Experts

Elisabeth Rosenthal in Civitavecchia, Italy, reported in the April 23 issue of the International Herald Tribune that leading Italian electricity producer Enel will increase its reliance on coal to 33% from 14%. Altogether, European countries are expected to build 50 coal-fired power plants over the...

Jad Mouawad reported in the April 21 issue of the International Herald Tribune that in spite of crude oil prices above $116/bbl, there were no shortages. But producers are struggling to meet demand. Jan Stuart, oil analyst at UBS said the market was signaling a problem. Population is growing. Cars and...

The original article by Mr King is well-researched indeed and accurate.

Arthur J Pyron PG reported in the Oil & Gas Journal issue of April 21 that the Devonian rocks of the Appalachian basin may contain more potential pay zones than the Barnett shale in the Ft. Worth basin of Texas. The Catskill Delta of northern Appalachia is composed of complex interbedded limestone...

Oilvoice News reported on a press release by the U.S. Geological Survey dated April 10 that concluded that 3.0 to 4.3 billion barrels of oil remain undiscovered in the Bakken formation of North Dakota/Montana. This new report shows a 25-fold increase over a similar report made in 1995 that suggested...

Tom Bergin with Reuters in London reported in the April 16 issue of the International Herald Tribune that small oil and gas companies in Russia were having difficulty in lining up finance.  Concerns persist about the Kremlin seizing assets. Companies listed on London’s AIM market face an uncertain...

In a press release at Irving, Texas on April 14, ExxonMobil Exploration and Production Hungary Limited, a subsidiary of Exxon Mobil Corporation (XOM) announced an agreement with MOL Hungarian Oil and Gas to commence an exploratory campaign in blocks 106 and 107 in the Mako Trough, southeast Hungary....

The Oil & Gas Journal of April 14 reported details of an April 8 press release by BP and ConocoPhillips regarding construction of a 4 billion cubic feet/day (bcfd) natural gas pipeline from the Alaska North Slope (ANS) to Alberta Province, Canada. The line will cost $20 billion and will include...

 BP and CoP seem to be making an early commitment to build the Arctic Gas Line.  However,  when all of the underlying issues and politics are analyzed, the impartial observer has to ask if this is a "real" alternative to the other options that have been put forward or is it competitive...

Exxon Mobil (XOM) located in Irving, Texas reported in a press release of April 10 that its affiliate Esso Exploration International signed a production and development agreement with a Falcon Oil and Gas Ltd. subsidiary to begin a phased program on a 184,300 acre contract area in the Mako Trough of...