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Crude Oil Rose as Pipeline Explosion in Saudi Arabia
Crude oil for April delivery rose $1.77 to settle at $108.84 a barrel on the Nymex before the Press TV report. The price was $108.73 at 5:11 p.m. Futures settled at a nine-month high of $109.77 on Feb. 24. Clashes between Saudi police and armed Shiite protesters in Awwamiya and al-Qatif, both cities in the [...]
Sunday, March 4th, 2012Sacramento Basin: Royale Energy Discovery Natural Gas Magnum Well in Lonestar Field
Royale Energy, Inc announced it has set pipe at its Magnum #1 well located in the Lonestar field area of the Sacramento Basin. The well reached total depth and electric logs have been run. The well intersected a thick Forbes formation confirming the targets that were indicated on Royale Energy’s 3-D seismic data. Log analysis [...]
Tuesday, November 16th, 2010Bahrain oil and gas industry Saudi Aramco Increase Pipeline
Bahrain oil and gas industry Saudi Aramco has planned to substitute and increase a pipeline of oil that runs between Saudi Arabia and Bahrain. This oil pipeline is 71 miles long. This project is worth almost $350 million and is expected to start by 2011. This information was provided in an official statement issued by [...]
Tuesday, February 9th, 2010