US Department of Energy Testing Confirms 56.12% Energy-Efficiency Improvement … – MarketWatch (press release)

US Department of Energy Testing Confirms 56.12% Energy-Efficiency Improvement
MarketWatch (press release)
Together with the United States Department of Energy RMOTC, Save the World Air, Inc. recently conducted round-the-clock testing of its new oil pipeline efficiency technology, AOT(TM) 1.2V. The technology's purpose is to improve oil pipeline
Oil pipeline technology shows improved energy efficiencyPipelines International

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Carmanah Technologies Corporation and ESSI Corporation Sign Long Term … – MarketWatch (press release)

Carmanah Technologies Corporation and ESSI Corporation Sign Long Term
MarketWatch (press release)
Under the agreement, ESSI will distribute Carmanah offshore oil/gas sector marine navigational aids in the continental USA and Carmanah will reciprocate with the distribution of ESSI's proprietary fog horn, in addition to other products manufactured by
CARMANAH TECHNOLOGIES CORPORATION : and ESSI Corporation Sign Long Term 4-traders

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Agilyx Named Red Herring Americas Top 100 Winner – MarketWatch (press release)


Autochannel
Agilyx Named Red Herring Americas Top 100 Winner
MarketWatch (press release)
Agilyx technology makes premium synthetic crude oil from difficult-to-recycle waste plastic, effectively converting all types of plastic (#1-7) normally destined for landfills into an economical, domestic source of high-value crude oil – addressing two
Cloudera Honored Among the Americas' 100 Most Innovative Startups by Red HerringEquities.com

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Kuwait to invest in UK oilfield – Financial Times


Scotsman
Kuwait to invest in UK oilfield
Financial Times
By Michael Kavanagh Kuwait's national oil company has committed $500m to fund the redevelopment of Britain's first producing, but now abandoned, North Sea oilfield in a deal endorsed by the UK government. The re-entry of Kuwait into backing North Sea
EnQuest To Farm Out 35% Stake In Alma And Galia Oil Field To KUFPEC For $500 MlnRTT News
Kuwait to take $500 mln stake in UK North SeaReuters
Blueprint unveiled to unlock North Sea's £1.5tn oil and gasScotsman
Wall Street Journal –Business Recorder (blog)
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MERL Oilfield Engineering with Polymers 2012 Conference to be Held in October – Azom.com

MERL Oilfield Engineering with Polymers 2012 Conference to be Held in October
Azom.com
By Nick Gilbert The Materials Engineering Research Laboratory (MERL) and Applied Market Information (AMI) will jointly organize the 8th MERL Oilfield Engineering with Polymers 2012 global seminar, which will be held in London from October 23 to 25.
Critical components in oilfield engineering with polymersplastemart.com
Oilfield elastomers conference set for October in LondonEuropean Rubber Journal (subscription)

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Cancen Oil to Develop Oilfield Waste Management in Alberta – NASDAQ

Cancen Oil to Develop Oilfield Waste Management in Alberta
NASDAQ
Cancen Oil Canada Inc. (COI.V) has signed a memorandum of understanding with a private group to develop oilfield waste management opportunities in Alberta, including fracturing oil recycling and storage, oilfield waste management and clean oil
Cancen Oil Canada Inc. Signs A Memorandum of Understanding With A Private Marketwire (press release)

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Oil drops on Spanish debt downgrade – Plain Dealer


Plain Dealer
Oil drops on Spanish debt downgrade
Plain Dealer
By AP business staff View full sizeAssociated Press fileAn oil rig is seen at sunset in the desert oil field of Sakhir, Bahrain. NEW YORK — Investor jitters about Europe snuffed out a rally in the price of oil on Tuesday. Oil was trading above $92 per
NYMEX-Crude flat after slipping on Spain downgradeLondon South East
Oil Trades at Four-Day High on Outlook for US Economic GrowthBloomberg

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Iraq Seeks Oil Investors in First Post-Saddam Exploration Offer – Bloomberg


Bloomberg
Iraq Seeks Oil Investors in First Post-Saddam Exploration Offer
Bloomberg
BP Plc (BP/) and Royal Dutch Shell Plc (RDSA), already partners at two of the country's largest oil fields, are among the 47 companies pre-qualified to take part in bidding tomorrow and May 31, according to the Oil Ministry. Iraq's main priority is to
ANALYSIS: Iraq's fourth bid round evolves with Kurdish oil disputePlatts
UAE firms take part in Iraq auction of oil rightsThe National

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Redline and Alcatel Lucent deliver digital oil field to Abu Dhabi Oil company ADCO – 4-traders

Redline and Alcatel Lucent deliver digital oil field to Abu Dhabi Oil company ADCO
4-traders
Redline's systems integrator Alcatel-Lucent (ALU) will deliver the complete and integrated digital oil field system that will provide reliable, real-time communications between the many sensors located on the wellheads and the centralized control
ADCO selects Redline for mobile infrastructureTelecompaper (subscription)

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Brent stays below $107, heads for worst month in 2 yrs – Reuters


Irish Times
Brent stays below $107, heads for worst month in 2 yrs
Reuters
* Oil prices head for biggest monthly drop since May 2010 * Risk aversion grips markets after Spain downgrade * US crude stocks forecast up for 10th straight week * Coming Up: API weekly inventory data; 2030 GMT By Luke Pachymuthu SINGAPORE,
Oil edges above $91 amid Iran nuclear concernsBusinessWeek
Oil price gains may signal end of slumpCalgary Herald
OIL FUTURES: Crude Slumps As Spain Worries Trump Greece OptimismWall Street Journal

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Brent stays below $107, heading for worst month in 2 years – Reuters


CNBC.com
Brent stays below $107, heading for worst month in 2 years
Reuters
By Luke Pachymuthu | SINGAPORE (Reuters) – Oil prices fell for a second straight session on Wednesday, with Brent staying under $107 per barrel, as risk aversion gripped markets after Spain's credit rating downgrade stoked fears of a worsening euro
Oil: Price drops on Spanish debt downgradeTulsa World
MARKET WATCH: Oil prices mixed; gas price continues to fallOil & Gas Journal
OIL FUTURES: Recovering Crude Price Tops $92/BblWall Street Journal
LEX18 Lexington KY News –The Seattle Times
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India’s ONGC profit leaps above estimate – Reuters


The Hindu
India's ONGC profit leaps above estimate
Reuters
(Adds details, chairman, analyst comment) * Q4 net profit 56.4 bln rupees vs 36.2 bln estimate * Higher crude oil prices, forex gains boost profits * ONGC shares close up 1 percent, ahead of earnings By Prashant Mehra and Devidutta Tripathy MUMBAI/NEW
Enjoy drop in diesel prices while it lastsLand Line Magazine
ONGC Q4 net profit leaps above estimateReuters India
Indian Oil Corporation Q4 net trebles to Rs 12670 croreTimes of India
India Today –Zee News –Daily News & Analysis
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Olive oil price hits 10-year low – Marketplace.org


The Guardian
Olive oil price hits 10-year low
Marketplace.org
But not all news today is good out of Europe, olive oil prices are at a ten year low. Which could take a bite out of economies already in trouble. Jon Bithrey: Europeans spend a lot of money on olive oil for their cooking, but with an economic
Olive oil price slide dents key southern European exportThe Guardian
Olive oil price dip adds to European woesFinancial Times
Olive oil price fall brings further pain for Spain, Italy and GreeceTelegraph.co.uk
The National –This is Money
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The Global “Texas Standoff” Over Iran Oil – Money Morning Australia


The Nation, Pakistan
The Global “Texas Standoff” Over Iran Oil
Money Morning Australia
by MoneyMorning on 29 May 2012 Actually, it has never stopped being about Iran, ever since the West passed heavy sanctions and the European Union decided to end all Iranian crude oil imports beginning July 1. I keep going back to this issue,
Oil rises on Iran tensions, weaker dollarThe Nation, Pakistan
Oil prices rise on Iran tensionsSydney Morning Herald
Oil prices mixed amid Iran, Euro zone woesHindu Business Line
Edmonton Journal –Hurriyet Daily News (press release) –Geo News, Pakistan
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Kazakh oilfield firms to pay $1 bln state investment – Reuters UK


Telegraph.co.uk
Kazakh oilfield firms to pay $1 bln state investment
Reuters UK
Development of the Kashagan field, the biggest oil discovery since Prudhoe Bay in Alaska in the 1960s, has been beset by delays, rising costs and technical complications since it was declared commercially viable 10 years ago. Kazakhstan expects the 9
Western oil firms pay Kazakhstan's oil field investment billTelegraph.co.uk
Big Oil Companies Agree To Pay Kazakh Costs On Kashagan-ReportWall Street Journal
28/05/2012Shell to start oil production in KazakhstanExpatica Netherlands

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Striking PDO oil-field workers seek assurance from Ministry – Times of Oman


Times of Oman
Striking PDO oilfield workers seek assurance from Ministry
Times of Oman
Muscat: Even as officials from the Ministry of Oil and Gas and representatives from contractors are trying their best to resolve the issues of the striking PDO oilfield employees, the striking employees, according to sources, have decided not to
Snap strike hits crude oil outputOman Daily Observer
Demands to be checkedOmanet.com (press release)
Oman invites bids for major oil projectTrade Arabia

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