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	<title>Stock Blog Hub &#187; Oil &amp; Gas Drilling &amp; Exploration</title>
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		<title>(LNG) How to Profit from LNG No Matter What the U.S. Does</title>
		<link>http://www.stockbloghub.com/2012/04/19/lng-how-to-profit-from-lng-no-matter-what-the-u-s-does/97953</link>
		<comments>http://www.stockbloghub.com/2012/04/19/lng-how-to-profit-from-lng-no-matter-what-the-u-s-does/97953#comments</comments>
		<pubDate>Thu, 19 Apr 2012 18:50:20 +0000</pubDate>
		<dc:creator>InvestmentU</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[Cheniere Energy Inc]]></category>
		<category><![CDATA[ConocoPhillips]]></category>
		<category><![CDATA[COP]]></category>
		<category><![CDATA[DOM]]></category>
		<category><![CDATA[Dominion Resources Black Warrior Trust]]></category>
		<category><![CDATA[ECA]]></category>
		<category><![CDATA[Encana Corporation]]></category>
		<category><![CDATA[EOG]]></category>
		<category><![CDATA[Eog Resources Inc]]></category>
		<category><![CDATA[Exxon Mobil Corporation]]></category>
		<category><![CDATA[LNG]]></category>
		<category><![CDATA[Sempra Energy]]></category>
		<category><![CDATA[SRE]]></category>
		<category><![CDATA[Teekay LNG Partners LP.]]></category>
		<category><![CDATA[TGP]]></category>
		<category><![CDATA[TransCanada Corporation]]></category>
		<category><![CDATA[TRP]]></category>
		<category><![CDATA[Williams Companies Inc.]]></category>
		<category><![CDATA[WMB]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=97953</guid>
		<description><![CDATA[Invest in the shortage that currently exists – LNG tankers – which will only be exasperated if the United States starts exporting. There’s a great, strange story by F. Scott Fitzgerald called, The Diamond as Big as the Ritz. In it, the Washington family has discovered a mountain that’s made entirely of diamond in an uncharted part of Montana. It’s just one giant, mountain-sized chunk. The tale deals with greed and the basics of the law of supply. But the Washingtons can’t let anyone know their diamond mountain exists… If people found out, it’d collapse the diamond market, making the precious stone worthless. And the Washingtons themselves would be cast into poverty. So, it’s this strange dual existence for the Washingtons. They’re the wealthiest family in the world, but only ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/04/19/lng-how-to-profit-from-lng-no-matter-what-the-u-s-does/97953/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(RIG) Transocean Earnings Miss Bottom Line</title>
		<link>http://www.stockbloghub.com/2012/02/27/rig-transocean-misses-bottom-line-analyst-blog/93560</link>
		<comments>http://www.stockbloghub.com/2012/02/27/rig-transocean-misses-bottom-line-analyst-blog/93560#comments</comments>
		<pubDate>Mon, 27 Feb 2012 18:22:49 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Diamond Offshore Drilling Inc]]></category>
		<category><![CDATA[DO]]></category>
		<category><![CDATA[NE]]></category>
		<category><![CDATA[Noble Corporation]]></category>
		<category><![CDATA[RIG]]></category>
		<category><![CDATA[Transocean Limited]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=93560</guid>
		<description><![CDATA[Offshore drilling giant Transocean Ltd. (RIG) reported weak fourth quarter and full-year 2011 results, hurt by the lingering effects of Gulf of Mexico tragedy, steeper operating costs and high interest expense. Earnings per share, excluding expenses associated with the Macondo well incident, Aker Drilling acquisition costs, gains from asset sales and other minor items, came in at 19 cents, a penny short of the Zacks Consensus Estimate and significantly behind the year-ago adjusted profit of 76 cents. For the full year, earnings per share, excluding one-time costs, were $1.45, down 1.4% from our projection of $1.47 per share. Comparing year over year, the reported results declined heavily from $6.00 earned in the prior year. Revenue Total quarterly revenues of $2,422.0 million were above the Zacks Consensus Estimate by 4.0%. The ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/02/27/rig-transocean-misses-bottom-line-analyst-blog/93560/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(STO) Statoil ASA Finds Gas Offshore Tanzania</title>
		<link>http://www.stockbloghub.com/2012/02/23/sto-statoil-asa-finds-gas-offshore-tanzania/92143</link>
		<comments>http://www.stockbloghub.com/2012/02/23/sto-statoil-asa-finds-gas-offshore-tanzania/92143#comments</comments>
		<pubDate>Thu, 23 Feb 2012 19:36:10 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Anadarko Petroleum Corporation]]></category>
		<category><![CDATA[APC]]></category>
		<category><![CDATA[Cheniere Energy Inc]]></category>
		<category><![CDATA[E]]></category>
		<category><![CDATA[Eni SpA]]></category>
		<category><![CDATA[Exxon Mobil Corporation]]></category>
		<category><![CDATA[LNG]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=92143</guid>
		<description><![CDATA[Statoil ASA (STO) along with its partner ExxonMobil Corporation (XOM) has found indications of natural gas in the Zafarani-1 well in Block 2 offshore Tanzania. The well, located about 80 kilometers off mainland Tanzania is considered to be of superior quality. Spud in early January, drilling activities of the well are likely to be over within three months. The drillship Ocean Rig Poseidon is being used to drill the well, which is the first exploration in the license spanning approximately 5,500 square kilometers. The well is expected to be 5,150 meters deep while the water depth at the site is 2,582 meters. Statoil, with a 65% working interest, is the operator of the license on Block 2 for Tanzania Petroleum Development Corporation. The remaining 35% is held by ExxonMobil. According ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/02/23/sto-statoil-asa-finds-gas-offshore-tanzania/92143/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(NBR) Nabors Industries Outperforms in Fourth Quarter</title>
		<link>http://www.stockbloghub.com/2012/02/22/nbr-nabors-industries-outperforms-in-fourth-quarter/92165</link>
		<comments>http://www.stockbloghub.com/2012/02/22/nbr-nabors-industries-outperforms-in-fourth-quarter/92165#comments</comments>
		<pubDate>Wed, 22 Feb 2012 18:28:08 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Ensco International Inc]]></category>
		<category><![CDATA[ESV]]></category>
		<category><![CDATA[Nabors Industries Limited]]></category>
		<category><![CDATA[NBR]]></category>
		<category><![CDATA[Patterson-UTI Energy Inc]]></category>
		<category><![CDATA[PTEN]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=92165</guid>
		<description><![CDATA[Global land drilling contractor Nabors Industries Ltd. (NBR) reported impressive fourth quarter 2011 results, backed by strong performances by the U.S. Offshore and Pressure Pumping units and lower interest expense. Earnings per share from continuous operations (excluding special items) came in at 52 cents, surpassing Zacks Consensus Estimate of 50 cents. Comparing year over year, results improved 18.2% from 44 cents (adjusted) earned in the year-ago quarter. Revenues of $1,739.9 million were above fourth quarter 2010 sales of $1,318.9 million, aided by strong contributions from most of the regions. The result was also 1.3% above the Zacks Consensus Estimate. Contract Drilling Segment: Analysis Nabors’ main operating segment is Contract Drilling, which accounts for the bulk of its revenues and operating earnings. The segment’s operations are spread across 7 sub-segments, namely ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(WTI) Energy and Commodities For 2012</title>
		<link>http://www.stockbloghub.com/2012/01/15/wti-energy-and-commodities-for-2012/89049</link>
		<comments>http://www.stockbloghub.com/2012/01/15/wti-energy-and-commodities-for-2012/89049#comments</comments>
		<pubDate>Sun, 15 Jan 2012 19:13:53 +0000</pubDate>
		<dc:creator>InvestmentU</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[ACI]]></category>
		<category><![CDATA[Arch Coal Inc]]></category>
		<category><![CDATA[El Paso Corporation]]></category>
		<category><![CDATA[EP]]></category>
		<category><![CDATA[Kinder Morgan Energy Partners LP]]></category>
		<category><![CDATA[KMP]]></category>
		<category><![CDATA[MOS]]></category>
		<category><![CDATA[Mosaic Company]]></category>
		<category><![CDATA[POT]]></category>
		<category><![CDATA[Potash Corporation of Saskatchewan Inc]]></category>
		<category><![CDATA[W&T Offshore Inc]]></category>
		<category><![CDATA[Walter Energy Inc]]></category>
		<category><![CDATA[WLT]]></category>
		<category><![CDATA[WTI]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=89049</guid>
		<description><![CDATA[by David Fessler, Investment U Senior Analyst Wednesday, December 21, 2011: Issue #1669 As my colleagues have done earlier this week, I’m now putting myself in the hot seat with regards to my prognostications from a year ago. Around this time last year, I opined that commodities like gold, silver, fertilizers, coal and oil were in increasingly short supply. Prices for these and other commodities were approaching 10-year highs, and would keep on rising. How did that statement pan out? Let’s take a look. Precious Metals According to data from Kitco, gold started the year around $1,400 per ounce, and is currently trading at just over $1,600 per ounce. Silver, on the other hand, started the year at $30.70 per ounce, and now trades a tad lower in the $29.50-per-ounce ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/01/15/wti-energy-and-commodities-for-2012/89049/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(MWE) MarkWest Energy Partners &#8211; Bull of the Day</title>
		<link>http://www.stockbloghub.com/2012/01/13/mwe-markwest-energy-partners-bull-of-the-day/90046</link>
		<comments>http://www.stockbloghub.com/2012/01/13/mwe-markwest-energy-partners-bull-of-the-day/90046#comments</comments>
		<pubDate>Fri, 13 Jan 2012 21:11:22 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Markwest Energy Partners Lp]]></category>
		<category><![CDATA[MWE]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=90046</guid>
		<description><![CDATA[We are upgrading MarkWest Energy Partners (MWE) to Outperform from Neutral, reflecting its promising future prospects. The master limited partnership&#8217;s (MLP) targeted growth capital investments since 2006 have been driving its strong, long-term volume growth. We continue to like MarkWest for its high-quality and diverse portfolio of midstream assets, as well as its proven track record of supporting producers in the development of shale plays and the steady improvement in its liquidity/cash flow position. Furthermore, with 192% distribution growth since the IPO in May 2002, we are confident of the partnership&#8217;s total return potential. As such, we view MarkWest units as an attractive investment and upgrade it to Outperform. Our $66 price objective reflects a multiple of 21.2X trailing twelve-month cash flow. MARKWEST EGY PT (MWE): Free Stock Analysis Report ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/01/13/mwe-markwest-energy-partners-bull-of-the-day/90046/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(LNG) Will Natural Gas Rebound This Year?</title>
		<link>http://www.stockbloghub.com/2012/01/08/lng-will-natural-gas-rebound-this-year/89772</link>
		<comments>http://www.stockbloghub.com/2012/01/08/lng-will-natural-gas-rebound-this-year/89772#comments</comments>
		<pubDate>Mon, 09 Jan 2012 04:45:53 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Baker Hughes Inc.]]></category>
		<category><![CDATA[BHI]]></category>
		<category><![CDATA[Cheniere Energy Inc]]></category>
		<category><![CDATA[Chesapeake Energy Corporation]]></category>
		<category><![CDATA[Chevron Corporation]]></category>
		<category><![CDATA[CHK]]></category>
		<category><![CDATA[commodities]]></category>
		<category><![CDATA[CVX]]></category>
		<category><![CDATA[ECA]]></category>
		<category><![CDATA[Encana Corporation]]></category>
		<category><![CDATA[EOG]]></category>
		<category><![CDATA[Eog Resources Inc]]></category>
		<category><![CDATA[Exxon Mobil Corporation]]></category>
		<category><![CDATA[LNG]]></category>
		<category><![CDATA[RDSA]]></category>
		<category><![CDATA[Royal Dutch Shell Plc]]></category>
		<category><![CDATA[Southwestern Energy Company]]></category>
		<category><![CDATA[SWN]]></category>
		<category><![CDATA[Ultra Petroleum Corporation]]></category>
		<category><![CDATA[UPL]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=89772</guid>
		<description><![CDATA[Among the most commonly asked questions by energy investors this new year is: will low natural gas prices continue in 2012 or will we see a durable rebound in prices from their multi-year plight? From a peak of about $13.60 per million British thermal units (MMBtu) in 2008 (referring to spot prices at the Henry Hub, the benchmark supply point in Louisiana) to around $3.00 now – sinking in between to a low of $2.50 in September 2009 – the plummeting value of natural gas represents a decline of over 75% over three years. In fact, prices have been low, roughly around $4.00 per MMBtu, during this timeframe. Thanks to this steep fall, industry participants are pressing the panic button. But it Hasn’t Always Been this Way… It wasn’t long ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/01/08/lng-will-natural-gas-rebound-this-year/89772/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(PBR) Petroleo Brasileiro S.A. Strikes Oil in Santos Basin</title>
		<link>http://www.stockbloghub.com/2011/12/07/pbr-petroleo-brasileiro-s-a-strikes-oil-in-santos-basin/87917</link>
		<comments>http://www.stockbloghub.com/2011/12/07/pbr-petroleo-brasileiro-s-a-strikes-oil-in-santos-basin/87917#comments</comments>
		<pubDate>Wed, 07 Dec 2011 17:41:00 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Exxon Mobil Corporation]]></category>
		<category><![CDATA[PBR]]></category>
		<category><![CDATA[Petroleo Brasileiro]]></category>
		<category><![CDATA[RDSA]]></category>
		<category><![CDATA[Royal Dutch Shell Plc]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=87917</guid>
		<description><![CDATA[Brazilian state-run energy giant Petroleo Brasileiro S.A. (PBR), or Petrobras S.A., announced the discovery of oil in the pre-salt reservoirs of the country’s Santos Basin. The new well reinforces the region’s potential of 5-8 billion barrels of recoverable reserves. Drilled to a total depth of 2,180 meters, the 4-BRSA-946C-SPS well, informally known as Biguá, is located in the 1-BRSA-532A-SPS (Bem-te-vi)’s Discovery Appraisal Plan area about 270 kilometers off the state of São Paulo. Petrobras has a 66% operating interest in block BM-S-8 (where the discovery was made), with the other partners being Anglo-Dutch supermajor Royal Dutch Shell plc (RDSA) and Portugal’s Galp Energia. As per initial analysis, both oil and reservoir quality is good though additional studies will be required to evaluate volumes, extent and productivity of the find. Petrobras ]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>(LNG) An Alternative Way to Capture Emerging Market Growth</title>
		<link>http://www.stockbloghub.com/2011/12/06/lng-an-alternative-way-to-capture-emerging-market-growth/88122</link>
		<comments>http://www.stockbloghub.com/2011/12/06/lng-an-alternative-way-to-capture-emerging-market-growth/88122#comments</comments>
		<pubDate>Tue, 06 Dec 2011 19:35:29 +0000</pubDate>
		<dc:creator>InvestmentU</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[Cheniere Energy Inc]]></category>
		<category><![CDATA[LNG]]></category>
		<category><![CDATA[PBR]]></category>
		<category><![CDATA[PetroChina Company Limited]]></category>
		<category><![CDATA[Petroleo Brasileiro]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[SHI]]></category>
		<category><![CDATA[Sinopec Shanghai Petrochemical Company Limited]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=88122</guid>
		<description><![CDATA[by David Fessler, Investment U Senior Analyst Tuesday, December 6, 2011: Issue #1658 Many countries outside the United States operate state-controlled companies. Most are giant behemoths, employing millions of people between them. These companies – among the world’s largest corporations – are primarily in the banking and energy sectors. Some, like the giant oil and gas company, Saudi Aramco, aren’t open to investors at all. But many are. Some fund managers shun these companies. With the governments that control them wielding various degrees of power over their daily operations, shareholder interests aren’t always viewed as a top priority. But some managers view them as proxies for the growth of the emerging market countries in which they operate. Many are huge “cash cows,” throwing off billions in profits each year. Some ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(RIG) Transocean Tanks on Offering Notice</title>
		<link>http://www.stockbloghub.com/2011/11/30/rig-transocean-tanks-on-offering-notice/87816</link>
		<comments>http://www.stockbloghub.com/2011/11/30/rig-transocean-tanks-on-offering-notice/87816#comments</comments>
		<pubDate>Wed, 30 Nov 2011 20:10:37 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[RIG]]></category>
		<category><![CDATA[Transocean Limited]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=87816</guid>
		<description><![CDATA[Offshore drilling giant Transocean Ltd. (RIG) priced a public offering of 26 million shares at $40.50 a piece, with a 30-day over-allotment option for an additional 3.9 million shares. The Zug, Switzerland-based owner of the world&#8217;s largest offshore rig fleet plans to use the net proceeds from this offering – expected to be approximately $1.0 billion after the underwriting discount, estimated offering expenses and the Swiss Federal Issuance Stamp Tax – to buy back about $1.7 billion of its 1.5% series B convertible senior notes due December 2037. The share sale would also allow Transocean to partly refinance its purchase of Norway&#8217;s Aker Drilling ASA, which was completed in early October. The $1.5 billion transaction was originally financed through cash on hand and the assumption of Aker’s outstanding debt. However, ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(PBR) Petroleo Brasileiro S.A. Hits Oil in Campos Basin</title>
		<link>http://www.stockbloghub.com/2011/11/30/pbr-petroleo-brasileiro-s-a-hits-oil-in-campos-basin/87735</link>
		<comments>http://www.stockbloghub.com/2011/11/30/pbr-petroleo-brasileiro-s-a-hits-oil-in-campos-basin/87735#comments</comments>
		<pubDate>Wed, 30 Nov 2011 19:25:38 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[PBR]]></category>
		<category><![CDATA[Petroleo Brasileiro]]></category>
		<category><![CDATA[RDSA]]></category>
		<category><![CDATA[Royal Dutch Shell Plc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=87735</guid>
		<description><![CDATA[Petroleo Brasileiro S.A. or Petrobras (PBR) announced the discovery of an accumulation of crude oil in Marlin Complex, offshore Campos basin. However, Petrobras did not disclose the amount of oil discovered. The presence of oil was traced in post-salt rocks through the well 4-VD-18-RJS (4-BRSA-994-RJS) – also known as Tucura – that is located 60.9 miles from the shore of Rio de Janeiro State. At a water depth of 1715.9 feet, the well lies between the production fields of Voador and Marlim. This discovery, part of the Varredura Project, highlights the resource potential of the acreage and is expected to boost the volume output from the Marlin and Voador concessions. Initial evaluation reveals that the oil discovered is of the same quality found in the adjacent fields of Marlin and ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(STO) Statoil Cuts Yield on Storm Alert</title>
		<link>http://www.stockbloghub.com/2011/11/28/sto-statoil-cuts-yield-on-storm-alert/87642</link>
		<comments>http://www.stockbloghub.com/2011/11/28/sto-statoil-cuts-yield-on-storm-alert/87642#comments</comments>
		<pubDate>Mon, 28 Nov 2011 20:37:46 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=87642</guid>
		<description><![CDATA[Statoil ASA (STO) has reduced its output at three platforms off central Norway as a precautionary measure against a severe winter storm forecast for the weekend. The non-critical personnel have been removed from three of its platforms namely ––Njord, Heidrun and Aasgard, at the same time stressing there has been no evacuation. Apart from these, the other platforms of Statoil, off Norway, will maintain production at normal levels and the company&#8217;s overall output would not be drastically affected. A gale warning has been given by the UK Meteorological Office for all its shipping areas around Scotland and has also cautioned against hurricane force winds at sea, off Scotland&#8217;s Western Isles. As per the BBC weather service, the intense low pressure following the North Sea storm is considered to have an ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/11/28/sto-statoil-cuts-yield-on-storm-alert/87642/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(PBR) Petroleo Brasileiro S.A. Finds Oil in Santos Basin</title>
		<link>http://www.stockbloghub.com/2011/11/28/pbr-petroleo-brasileiro-s-a-finds-oil-in-santos-basin/87553</link>
		<comments>http://www.stockbloghub.com/2011/11/28/pbr-petroleo-brasileiro-s-a-finds-oil-in-santos-basin/87553#comments</comments>
		<pubDate>Mon, 28 Nov 2011 16:14:53 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[PBR]]></category>
		<category><![CDATA[Petroleo Brasileiro]]></category>
		<category><![CDATA[RDSA]]></category>
		<category><![CDATA[Royal Dutch Shell Plc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=87553</guid>
		<description><![CDATA[Petroleo Brasileiro S.A. or Petrobras (PBR) confirmed the discovery of superior quality oil in the south Santos Basin well 4-SPS-91 (4-BRSA-1002-SPS). As per the oil sampling tests, the find was in an approximately 2,160 meters deep sandstone reservoir in the post-salt area known as Tiro and Sidon. Located about 200 km from the coast of Sao Paulo State and in a water depth of 299 meters, the well – informally known as Patola – is estimated to contain oil of around 36 degrees API that is similar to the oil discovered in the neighboring wildcats well. However, Petrobras did not disclose the amount of oil discovered. Petrobras plans to conduct extensive drilling activities in the area and go ahead with the Extended Well Test, which is currently in progress in ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/11/28/pbr-petroleo-brasileiro-s-a-finds-oil-in-santos-basin/87553/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(RIG) Transocean Misses Earnings Targets &#8211; Profit Tumbles</title>
		<link>http://www.stockbloghub.com/2011/11/07/rig-transocean-misses-earnings-targets-profit-tumbles/86458</link>
		<comments>http://www.stockbloghub.com/2011/11/07/rig-transocean-misses-earnings-targets-profit-tumbles/86458#comments</comments>
		<pubDate>Mon, 07 Nov 2011 15:17:19 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Diamond Offshore Drilling Inc]]></category>
		<category><![CDATA[DO]]></category>
		<category><![CDATA[NE]]></category>
		<category><![CDATA[Noble Corporation]]></category>
		<category><![CDATA[RIG]]></category>
		<category><![CDATA[Transocean Limited]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=86458</guid>
		<description><![CDATA[Offshore drilling giant Transocean Ltd. (RIG) reported weak third quarter 2011 results, hurt by the decline in utilization rates and high operating costs even as rig rates rose. Earnings per share, excluding expenses associated with the Macondo well incident, gains from asset sales, Aker Drilling acquisition costs and other minor items, came in at 5 cents, well short of the Zacks Consensus Estimate of 75 cents and significantly behind the year-ago adjusted profit of $1.36. Revenue Total quarterly revenues of $2,242.0 million missed the Zacks Consensus Estimate by 4.5% and were down 1.7% year-over-year, mainly attributable to a reduction in contract drilling sales, partially offset by contributions from newly constructed rigs and additional drilling management services activity. Transocean’s high-spec floaters contributed approximately 63% to total revenue, while mid-water floaters and ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/11/07/rig-transocean-misses-earnings-targets-profit-tumbles/86458/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(RIG) Transocean Update Shows Higher Dayrates</title>
		<link>http://www.stockbloghub.com/2011/09/23/rig-transocean-update-shows-higher-dayrates/83939</link>
		<comments>http://www.stockbloghub.com/2011/09/23/rig-transocean-update-shows-higher-dayrates/83939#comments</comments>
		<pubDate>Fri, 23 Sep 2011 19:04:11 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[ConocoPhillips]]></category>
		<category><![CDATA[COP]]></category>
		<category><![CDATA[Diamond Offshore Drilling Inc]]></category>
		<category><![CDATA[DO]]></category>
		<category><![CDATA[E]]></category>
		<category><![CDATA[Eni SpA]]></category>
		<category><![CDATA[NE]]></category>
		<category><![CDATA[Noble Corporation]]></category>
		<category><![CDATA[RIG]]></category>
		<category><![CDATA[TOT]]></category>
		<category><![CDATA[Total SA]]></category>
		<category><![CDATA[Transocean Limited]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=83939</guid>
		<description><![CDATA[Offshore drilling giant Transocean Ltd. (RIG) recently issued a monthly ‘Fleet Update Summary’ covering the company’s drilling rig status and contract information. As per the report, Transocean secured additional work for four of its mid-water rigs, with three of them getting higher rates. The company currently has 28 mid-water floaters – capable of drilling in water depths of approximately 300 feet to 4,500 feet – that makes up around 20% of Transocean&#8217;s revenue. The Transocean Legend semi-submersible drilling rig has been hired by ConocoPhillips (COP) to conduct operations offshore Australia until October 2012 at a dayrate of $293,000, down $5,000 from the last contract with Eni SpA (E). Another semi-submersible drilling rig, the GSF Arctic I, will work for Oslo-listed independent explorer Panoro Energy in Brazil from February 2012. The ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/09/23/rig-transocean-update-shows-higher-dayrates/83939/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(DO) Diamond Offshore Drilling Analyst Maintains Shares at Neutral</title>
		<link>http://www.stockbloghub.com/2011/09/21/do-diamond-offshore-drilling-analyst-maintains-shares-at-neutral/83694</link>
		<comments>http://www.stockbloghub.com/2011/09/21/do-diamond-offshore-drilling-analyst-maintains-shares-at-neutral/83694#comments</comments>
		<pubDate>Wed, 21 Sep 2011 18:12:20 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Diamond Offshore Drilling Inc]]></category>
		<category><![CDATA[DO]]></category>
		<category><![CDATA[NE]]></category>
		<category><![CDATA[Noble Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=83694</guid>
		<description><![CDATA[We have maintained our Neutral recommendation for Diamond Offshore Drilling Inc. (DO) given its solid fundamentals and financial disciplines, partially mitigated by stringent regulations as well as the lingering effects of the Gulf of Mexico (GoM) drill ban and related U.S. policies. Texas-based Diamond Offshore is a major contract driller, providing comprehensive offshore drilling services to the global energy industry. We believe Diamond Offshore exhibits long-term earnings growth visibility based on its strong leverage to the offshore deepwater drilling market. Again, the gradual improvement in the GoM drilling market, particularly after the deepwater drilling ban was lifted, as well as better bidding activity, will prove beneficial for a contract drilling company like Diamond Offshore. The companies in the offshore deepwater drilling sector are experiencing improved market conditions. Hence, a gradually ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/09/21/do-diamond-offshore-drilling-analyst-maintains-shares-at-neutral/83694/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(PTEN) Patterson-UTI &#8211; Bull of the Day</title>
		<link>http://www.stockbloghub.com/2011/09/20/pten-patterson-uti-bull-of-the-day-2/83321</link>
		<comments>http://www.stockbloghub.com/2011/09/20/pten-patterson-uti-bull-of-the-day-2/83321#comments</comments>
		<pubDate>Tue, 20 Sep 2011 20:11:27 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Patterson-UTI Energy Inc]]></category>
		<category><![CDATA[PTEN]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=83321</guid>
		<description><![CDATA[We are upgrading Patterson-UTI Energy (PTEN) shares to Outperform from Neutral, reflecting strong demand for its services in North America. The company has been benefiting from increased activity in the unconventional oil and liquids-rich plays in the region, which have more than made up for the soft natural gas fundamentals. We believe Patterson-UTI&#8217;s earnings will continue to push higher, benefiting from its growing premium land rig fleet and the current boom in pressure pumping services. Additionally, the company&#8217;s stellar financial health (free cash flow positive and a debt-free balance sheet) stands it in good stead. As such, we believe Patterson-UTI Energy is well positioned going forward and view it as an attractive investment. This is reflected in our upgrade of the company&#8217;s shares to Outperform from Neutral and our $27 ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/09/20/pten-patterson-uti-bull-of-the-day-2/83321/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(STO) Statoil ASA to Upgrade Troll Capacity</title>
		<link>http://www.stockbloghub.com/2011/09/20/sto-statoil-asa-to-upgrade-troll-capacity/83617</link>
		<comments>http://www.stockbloghub.com/2011/09/20/sto-statoil-asa-to-upgrade-troll-capacity/83617#comments</comments>
		<pubDate>Tue, 20 Sep 2011 19:47:51 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[ConocoPhillips]]></category>
		<category><![CDATA[COP]]></category>
		<category><![CDATA[NCI Building Systems Inc.]]></category>
		<category><![CDATA[NCS]]></category>
		<category><![CDATA[RDSA]]></category>
		<category><![CDATA[Royal Dutch Shell Plc]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>
		<category><![CDATA[TOT]]></category>
		<category><![CDATA[Total SA]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=83617</guid>
		<description><![CDATA[Statoil ASA (STO) has contracted Norway’s engineering group, Aibel, for the upgrade of a gas compression capacity on the Troll A platform in the North Sea. The contract is worth NOK 2.7 billion ($483 million). Per the agreement, Aibel is responsible for engineering, procurement, onshore and integrated offshore construction as well as completion of two new pre-compressors on the same field. The deal is the part of Statoil’s NOK 11 billion investment in Troll A platform aimed at ensuring gas production all the way till 2063. Statoil and its Troll associates have decided to extend the production life of the field by installing compressors that will alleviate wellhead pressure and thereby expedite output. Aibel will construct and install the two compressors on the Troll platform with offshore installation commencing in ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/09/20/sto-statoil-asa-to-upgrade-troll-capacity/83617/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(PTEN) Patterson-UTI &#8211; Bull of the Day</title>
		<link>http://www.stockbloghub.com/2011/09/15/pten-patterson-uti-bull-of-the-day/83244</link>
		<comments>http://www.stockbloghub.com/2011/09/15/pten-patterson-uti-bull-of-the-day/83244#comments</comments>
		<pubDate>Thu, 15 Sep 2011 18:09:54 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Patterson-UTI Energy Inc]]></category>
		<category><![CDATA[PTEN]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=83244</guid>
		<description><![CDATA[We are upgrading Patterson-UTI Energy (PTEN) shares to Outperform from Neutral, reflecting strong demand for its services in North America. The company has been benefiting from increased activity in the unconventional oil and liquids-rich plays in the region, which have more than made up for the soft natural gas fundamentals. We believe Patterson-UTI&#8217;s earnings will continue to push higher, benefiting from its growing premium land rig fleet and the current boom in pressure pumping services. Additionally, the company&#8217;s stellar financial health (free cash flow positive and a debt-free balance sheet) stands it in good stead. As such, we believe Patterson-UTI Energy is well positioned going forward and view it as an attractive investment. This is reflected in our upgrade of the company&#8217;s shares to Outperform from Neutral and our $27 ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/09/15/pten-patterson-uti-bull-of-the-day/83244/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(PBR) Oil Industry Mergers and Acquisitions 2011</title>
		<link>http://www.stockbloghub.com/2011/09/14/pbr-oil-industry-mergers-and-acquisitions-2011/83060</link>
		<comments>http://www.stockbloghub.com/2011/09/14/pbr-oil-industry-mergers-and-acquisitions-2011/83060#comments</comments>
		<pubDate>Wed, 14 Sep 2011 16:38:15 +0000</pubDate>
		<dc:creator>InvestmentU</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Baker Hughes Inc.]]></category>
		<category><![CDATA[BHI]]></category>
		<category><![CDATA[BOLT]]></category>
		<category><![CDATA[Bolt Technology Corporation]]></category>
		<category><![CDATA[CAM]]></category>
		<category><![CDATA[Cameron International Corporation]]></category>
		<category><![CDATA[commodities]]></category>
		<category><![CDATA[Energy XXI (Bermuda) Limited]]></category>
		<category><![CDATA[EXXI]]></category>
		<category><![CDATA[HAL]]></category>
		<category><![CDATA[Halliburton Company]]></category>
		<category><![CDATA[Joy Global Inc.]]></category>
		<category><![CDATA[JOYG]]></category>
		<category><![CDATA[KWK]]></category>
		<category><![CDATA[LUFK]]></category>
		<category><![CDATA[Lufkin Industries Inc.]]></category>
		<category><![CDATA[National Oilwell Varco Incorporated]]></category>
		<category><![CDATA[NOV]]></category>
		<category><![CDATA[PBR]]></category>
		<category><![CDATA[Petroleo Brasileiro]]></category>
		<category><![CDATA[Quicksilver Resources Inc]]></category>
		<category><![CDATA[RDC]]></category>
		<category><![CDATA[Rowan Companies Inc]]></category>
		<category><![CDATA[Schlumberger Limited]]></category>
		<category><![CDATA[SLB]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=83060</guid>
		<description><![CDATA[by Justin Dove, Investment U Research Monday, September 12, 2011 Oil Services Industry Set for “Gusher Of Profits” As Ian Cooper’s recent article for Wealth Daily stated, the world isn’t necessarily running out of oil. It’s running out of “easy to get” oil. Oil companies aren’t chasing the vast amounts of fuel trapped in shale or tar sands because they want to… These sources are becoming the only ones left as production at the largest inland oil fields is declining, or is at least expected to soon. In its 2010 World Energy Outlook, the International Energy Agency estimated that approximately 40 percent of the oil production needed by 2020 has yet to be found or developed. By 2030, it will likely be closer to 60 percent. For the foreseeable future, ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(HP) Helmerich &amp; Payne Earnings Scorecard</title>
		<link>http://www.stockbloghub.com/2011/08/15/hp-helmerich-payne-earnings-scorecard/81245</link>
		<comments>http://www.stockbloghub.com/2011/08/15/hp-helmerich-payne-earnings-scorecard/81245#comments</comments>
		<pubDate>Mon, 15 Aug 2011 13:56:24 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Helmerich & Payne Inc]]></category>
		<category><![CDATA[HP]]></category>
		<category><![CDATA[Nabors Industries Limited]]></category>
		<category><![CDATA[NBR]]></category>
		<category><![CDATA[NE]]></category>
		<category><![CDATA[Noble Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=81245</guid>
		<description><![CDATA[Contract drilling services provider Helmerich &#38; Payne Inc. (HP) reported robust third quarter fiscal 2011 results on July 29 with both revenue and earnings per share (EPS) exceeding the Zacks Consensus Estimates. Second Quarter Recap The quarter’s earnings of $1.00 per share beat the Zacks Consensus Estimate of 98 cents, attributable to strong contributions from most of its business units. The company generated revenue of $644.1 million, surpassing our projection by 1.6% On a segmental basis, U.S. Land Operations and Offshore Operations registered year-over-year revenue growth of 47.0% and 2.8%, respectively. However, revenue from International Land Operations plunged 23.1% during the quarter. Agreement of Analysts Looking at the estimates’ revision trends, it becomes clear that a majority of the analysts project a pessimistic outlook for Helmerich &#38; Payne’s fourth quarter ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(RIG) Transocean Misses Earnings Forecast &#8211; Backlog Weak</title>
		<link>http://www.stockbloghub.com/2011/08/05/rig-transocean-misses-earnings-forecast-backlog-weak/80716</link>
		<comments>http://www.stockbloghub.com/2011/08/05/rig-transocean-misses-earnings-forecast-backlog-weak/80716#comments</comments>
		<pubDate>Fri, 05 Aug 2011 17:55:36 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Nabors Industries Limited]]></category>
		<category><![CDATA[NBR]]></category>
		<category><![CDATA[NE]]></category>
		<category><![CDATA[Noble Corporation]]></category>
		<category><![CDATA[RIG]]></category>
		<category><![CDATA[Transocean Limited]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=80716</guid>
		<description><![CDATA[Offshore drilling giant Transocean Ltd. (RIG) reported bleak second quarter 2011 results, hurt by the decline in utilization rates, lower backlog and higher operating costs. Earnings per share, excluding expenses associated with the Macondo well incident, tax charges and loss related to impairment of three standard jackups, came in at 65 cents. The figure fell short of the Zacks Consensus Estimate of 77 cents and trailed the year-ago adjusted profit of $1.66. Total quarterly revenues of $2,334 million missed the Zacks Consensus Estimate by 1.7% and were down 5.8% year over year, mainly due to the reduction in contract drilling sales (due to lower utilization and lower average daily revenue), partially offset by contributions from additional drilling management services activity. Transocean’s high-spec floaters contributed approximately 61% to total revenue, while ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(LNG) Important Natural Gas Investment You’re Ignoring</title>
		<link>http://www.stockbloghub.com/2011/08/05/lng-important-natural-gas-investment-you%e2%80%99re-ignoring/79552</link>
		<comments>http://www.stockbloghub.com/2011/08/05/lng-important-natural-gas-investment-you%e2%80%99re-ignoring/79552#comments</comments>
		<pubDate>Fri, 05 Aug 2011 17:49:46 +0000</pubDate>
		<dc:creator>InvestmentU</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[AT&T Inc.]]></category>
		<category><![CDATA[Cheniere Energy Inc]]></category>
		<category><![CDATA[Chesapeake Energy Corporation]]></category>
		<category><![CDATA[CHK]]></category>
		<category><![CDATA[Clean Energy Fuels Corporation]]></category>
		<category><![CDATA[CLNE]]></category>
		<category><![CDATA[FSYS]]></category>
		<category><![CDATA[Fuel Systems Solutions Inc.]]></category>
		<category><![CDATA[General Motors]]></category>
		<category><![CDATA[GM]]></category>
		<category><![CDATA[LNG]]></category>
		<category><![CDATA[T]]></category>
		<category><![CDATA[Wal-Mart Stores Inc.]]></category>
		<category><![CDATA[Waste Management]]></category>
		<category><![CDATA[WM]]></category>
		<category><![CDATA[WMT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=79552</guid>
		<description><![CDATA[by Matthew Carr, Investment U Research Analyst Friday, July 15, 2011: Issue #1557 Stand at any metropolitan bus stop. Chances are, a city bus will rumble by advertising, “This Bus Runs on Clean Burning Natural Gas.” Hear that garbage truck squealing and grinding gears through your neighborhood on trash day? Chances are it’s also running on natural gas. Waste Management (NYSE: WM) boasts the largest natural gas fleet in the United States, with 1,000 trucks. In total, there are 112,000 vehicles fueled by natural gas in this country – more than the number of battery-powered electric cars. There are 1,000 natural gas fueling stations. Almost a quarter of all new transit vehicles run on natural gas. With these totals expected to increase, investors are once again betting big on LNG. ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(PBR) Petroleo Brasileiro S.A. Strikes Oil Yet Again</title>
		<link>http://www.stockbloghub.com/2011/07/11/pbr-petroleo-brasileiro-s-a-strikes-oil-yet-again/78630</link>
		<comments>http://www.stockbloghub.com/2011/07/11/pbr-petroleo-brasileiro-s-a-strikes-oil-yet-again/78630#comments</comments>
		<pubDate>Mon, 11 Jul 2011 15:47:24 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Exxon Mobil Corporation]]></category>
		<category><![CDATA[PBR]]></category>
		<category><![CDATA[Petroleo Brasileiro]]></category>
		<category><![CDATA[RDSA]]></category>
		<category><![CDATA[Royal Dutch Shell Plc]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=78630</guid>
		<description><![CDATA[Petroleo Brasileiro S.A. or Petrobras (PBR) announced the discovery of two new oil and gas fields in the Espirito Santo basin, netting three finds in the arena. Although the estimated size of the fields was not disclosed, they definitely strengthen Petrobras’ position in the deepwater region. As per the Brazilian state-run company, the wells 1-BRSA-939-ESS and 1-BRSA-936D-ESS, named “Pe-de-moleque” and “Quindim,” respectively, are in the BM-ES-23 exploration block. These are located 71 miles from Vitoria, the capital of the southeastern state of Espirito Santo and at a water depth of about 1,900 meters. Early last month, Petrobras confirmed the discovery of light oil in the Brigadeiro well in the same block. The company controls 65% operating interest in the block, while the other partners are the Brazilian unit of Royal ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/07/11/pbr-petroleo-brasileiro-s-a-strikes-oil-yet-again/78630/feed</wfw:commentRss>
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		<title>(STO) Statoil ASA and FMC Technologies in $43M Workover Deal</title>
		<link>http://www.stockbloghub.com/2011/07/08/sto-statoil-asa-and-fmc-technologies-in-43m-workover-deal/78639</link>
		<comments>http://www.stockbloghub.com/2011/07/08/sto-statoil-asa-and-fmc-technologies-in-43m-workover-deal/78639#comments</comments>
		<pubDate>Fri, 08 Jul 2011 21:00:57 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[ConocoPhillips]]></category>
		<category><![CDATA[COP]]></category>
		<category><![CDATA[Exxon Mobil Corporation]]></category>
		<category><![CDATA[FMC Technologies Inc.]]></category>
		<category><![CDATA[FTI]]></category>
		<category><![CDATA[NCI Building Systems Inc.]]></category>
		<category><![CDATA[NCS]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=78639</guid>
		<description><![CDATA[Statoil ASA (STO) has awarded a $43 million contract to FMC Technologies Inc. (FTI) in order to support workover operations at four fast-track fields in the North Sea. This goes to show the effort that the company is making to increase productivity in the North Sea region. As per the agreement, FMC will manufacture and provide eight workover adapters for horizontal subsea production trees, five adapters for drill pipe landing strings and topside controls. The equipment, which will be manufactured at FMC’s facility in Kongsberg, Norway are scheduled for release from the second quarter of 2012. The workover system would be used by Statoil to carry out intervention activities on its subsea wells to enhance performance and boost oil recovery. The company also plans to bring about additional flexibility and ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/07/08/sto-statoil-asa-and-fmc-technologies-in-43m-workover-deal/78639/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(STO) Statoil ASA to Pay $2.47 Billion for New Rigs</title>
		<link>http://www.stockbloghub.com/2011/07/07/sto-statoil-asa-to-pay-2-47-billion-for-new-rigs/78531</link>
		<comments>http://www.stockbloghub.com/2011/07/07/sto-statoil-asa-to-pay-2-47-billion-for-new-rigs/78531#comments</comments>
		<pubDate>Thu, 07 Jul 2011 17:10:24 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[NCI Building Systems Inc.]]></category>
		<category><![CDATA[NCS]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>
		<category><![CDATA[TOT]]></category>
		<category><![CDATA[Total SA]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=78531</guid>
		<description><![CDATA[Oil giant Statoil ASA (STO) has awarded a contract worth $2.47 billion to Norway’s Songa Offshore. Per the deal terms, Songa will build two category D semi-submersible rigs for use on Norwegian Continental Shelf (NCS) with specified terms of 8 years each that could extend to 20 years. With a capability to work in water depths of 100–500 meters, the new rigs can drill to a depth of 8500 meters. These rigs, which are scheduled for delivery in 2014, are 20% more productive than the conventional ones. Statoil contemplated several competitive bids during the procurement process but eventually finalized on Songo. Statoil was in need of a rig capable of working on complex and mature fields. The conceptualization phase took one year and another three years will be taken for ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/07/07/sto-statoil-asa-to-pay-2-47-billion-for-new-rigs/78531/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(HP) Helmerich &amp; Payne Secures Rig Deal</title>
		<link>http://www.stockbloghub.com/2011/07/06/hp-helmerich-payne-secures-rig-deal/78465</link>
		<comments>http://www.stockbloghub.com/2011/07/06/hp-helmerich-payne-secures-rig-deal/78465#comments</comments>
		<pubDate>Wed, 06 Jul 2011 19:33:17 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Helmerich & Payne Inc]]></category>
		<category><![CDATA[HP]]></category>
		<category><![CDATA[Nabors Industries Limited]]></category>
		<category><![CDATA[NBR]]></category>
		<category><![CDATA[NE]]></category>
		<category><![CDATA[Noble Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=78465</guid>
		<description><![CDATA[Global contract drilling company Helmerich &#38; Payne Inc. (HP) signed a deal to manufacture and operate 12 additional FlexRigs. Eight exploration and production companies, names of which were not disclosed, contracted Helmerich &#38; Payne for the construction job. Although the rigs are slated to be completed and operational in 2012, Helmerich does not expect the deal to have any significant impact on its previously announced 2011 capital expenditure forecast. Helmerich’s proprietary FlexRig design makes the rigs move faster than the conventional ones, drills quicker and more efficiently and allows for a safer operating environment. As such, these are better suited for the new demands of the exploration business and, therefore, command higher dayrates and utilization than rigs from other land drillers. Since March 2005, the company has committed to install ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/07/06/hp-helmerich-payne-secures-rig-deal/78465/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(PBR) Petroleo Brasileiro S.A. Expands in Biofuel World</title>
		<link>http://www.stockbloghub.com/2011/07/05/pbr-petroleo-brasileiro-s-a-expands-in-biofuel-world/78341</link>
		<comments>http://www.stockbloghub.com/2011/07/05/pbr-petroleo-brasileiro-s-a-expands-in-biofuel-world/78341#comments</comments>
		<pubDate>Wed, 06 Jul 2011 00:27:50 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Exxon Mobil Corporation]]></category>
		<category><![CDATA[PBR]]></category>
		<category><![CDATA[PetroChina Company Limited]]></category>
		<category><![CDATA[Petroleo Brasileiro]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[RDSA]]></category>
		<category><![CDATA[Royal Dutch Shell Plc]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=78341</guid>
		<description><![CDATA[Brazilian state-run energy firm Petroleo Brasileiro S.A. or Petrobras (PBR) acquired a 50% stake in a local biodiesel company BSBIOS Industria e Comercio de Biodiesel Sul Brasil S.A. for 200 million Brazilian reals or $128.4 million. Petrobras executed the deal through its subsidiary Petrobras Biocombustível S.A. Located at Passo Fundo, the acquired company owns a biodiesel facility which is integrated with a vegetable oil extraction unit and has an annual production capacity of 42 million gallons of fuel. The unit is well connected by railroad terminals and a distribution base for smooth delivery and marketing of biodiesel. This acquisition strengthens Petrobras’ position in the domestic biofuels market and takes it a step closer to its target of doubling biofuels output by 2014. The company intends to spend $3.5 billion through ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/07/05/pbr-petroleo-brasileiro-s-a-expands-in-biofuel-world/78341/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(PBR) Petroleo Brasileiro S.A. Start Extended Well Test at Aruana</title>
		<link>http://www.stockbloghub.com/2011/07/01/pbr-petroleo-brasileiro-s-a-start-extended-well-test-at-aruana/78142</link>
		<comments>http://www.stockbloghub.com/2011/07/01/pbr-petroleo-brasileiro-s-a-start-extended-well-test-at-aruana/78142#comments</comments>
		<pubDate>Fri, 01 Jul 2011 16:53:07 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[PBR]]></category>
		<category><![CDATA[Petroleo Brasileiro]]></category>
		<category><![CDATA[RDSA]]></category>
		<category><![CDATA[Royal Dutch Shell Plc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=78142</guid>
		<description><![CDATA[Brazilian state-run Petroleo Brasileiro S.A. or Petrobras (PBR) has commenced production of oil at the Aruana area, following the start-up of extended well test (EWT). The Aruana area is in the post-salt layer of the southern area of the Campos Basin offshore Brazil. Petrobras expects EWT at 1-RJS-661 well &#8212; through which the oil flows &#8212; to run for about six months. The well is located in exploratory block C-M-401 that is between Pampo and Espardarte fields at water depth of 50 meters to 1500 meters. The well test forms part of the Discovery Assessment Plan (PAD) that was granted by National Petroleum Agency (ANP) for the consequent expansion of the region. The formation tests, conducted in March 2009, after the drilling of the well, show the presence of 27 ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(STO) Statoil Strikes Oil Near Oseberg</title>
		<link>http://www.stockbloghub.com/2011/06/30/sto-statoil-strikes-oil-near-oseberg/77989</link>
		<comments>http://www.stockbloghub.com/2011/06/30/sto-statoil-strikes-oil-near-oseberg/77989#comments</comments>
		<pubDate>Thu, 30 Jun 2011 21:18:00 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Diamond Offshore Drilling Inc]]></category>
		<category><![CDATA[DO]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=77989</guid>
		<description><![CDATA[Norway’s Statoil ASA (STO) has discovered oil and condensate in the North Sea’s Krafla West prospect. Situated around 26 kilometers south-west of the producing Oseberg South find, the discovery well encountered hydrocarbons in two columns with a total thickness of 300 meters. Initial calculations show that Krafla West could be holding recoverable reserves between 12.6–37.7 million barrels of oil equivalent (mmboe). The recent discovery, drilled by semi-submersible Ocean Vanguard, comes in the wake of another discovery at the Krafla prospect last month. Both discoveries are estimated to have combined proven reserves of about 50–75 mmboe and may turn out to be highly profitable. This is considered to be a significant figure in a near-field context. In the latest discovery, Statoil is the operator of the licence with a 50% stake. ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/06/30/sto-statoil-strikes-oil-near-oseberg/77989/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(EC) Roche Holdings Gets FDA Panel View on Avastin</title>
		<link>http://www.stockbloghub.com/2011/06/30/ec-roche-holdings-gets-fda-panel-view-on-avastin/78019</link>
		<comments>http://www.stockbloghub.com/2011/06/30/ec-roche-holdings-gets-fda-panel-view-on-avastin/78019#comments</comments>
		<pubDate>Thu, 30 Jun 2011 21:16:10 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[EC]]></category>
		<category><![CDATA[Ecopetrol Sa]]></category>
		<category><![CDATA[Eli Lilly & Company]]></category>
		<category><![CDATA[LLY]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=78019</guid>
		<description><![CDATA[Roche Holdings Ltd. (RHHBY) recently announced that the US Food and Drug Administration’s (FDA) Oncologic Drugs Advisory Committee (ODAC) has recommended that the agency should withdraw its approval for the use of Avastin (bevacizumab) in combination with paclitaxel in previously untreated (first-line) HER2-negative metastatic breast cancer. The FDA Commissioner will take a final call on this matter. However, the recommendation is not expected to impact other indications of the drug. Avastin is approved in the US for treating other types of cancer and in other countries for treating metastatic breast cancer. Recently, the company also announced that the European Commission (EC) has approved Avastin to be used in combination with Xeloda (capecitabine) as a first-line treatment for metastatic breast cancer in women for whom treatment with other chemotherapies is considered ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/06/30/ec-roche-holdings-gets-fda-panel-view-on-avastin/78019/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(PBR) Petrobras and Partners Strike Oil</title>
		<link>http://www.stockbloghub.com/2011/06/29/pbr-petrobras-and-partners-strike-oil/77921</link>
		<comments>http://www.stockbloghub.com/2011/06/29/pbr-petrobras-and-partners-strike-oil/77921#comments</comments>
		<pubDate>Wed, 29 Jun 2011 20:44:06 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[PBR]]></category>
		<category><![CDATA[Petroleo Brasileiro]]></category>
		<category><![CDATA[SNP]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=77921</guid>
		<description><![CDATA[Brazilian oil giant  Petroleo Brasileiro S.A. or Petrobras (PBR) announced the discovery of two levels of high-quality crude oil at a well in the country’s ultra deepwater pre-salt Campos Basin. Apart from Petrobras, which has a 30% interest in the 1-REPF-11A-RJS well (informally known as Gavea), Norwegian company  Statoil ASA (STO) holds a 35% stake. The remaining interest is controlled by operator Repsol Sinopec –– a partnership between Spain&#8217;s Repsol-YPF and China’s state controlled  China Petroleum &#38; Chemical Corporation or Sinopec (SNP). Located 120 miles off the coast of Rio de Janeiro state, Gavea was drilled to a water depth of 8,880 feet and reached a final depth of 22,460 feet. The consortium told Brazilian authorities about the presence of hydrocarbons traces in the first level of Gavea well in ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(STO) Statoil ASA Focuses on Offshore Wind</title>
		<link>http://www.stockbloghub.com/2011/06/29/sto-statoil-asa-focuses-on-offshore-wind/77793</link>
		<comments>http://www.stockbloghub.com/2011/06/29/sto-statoil-asa-focuses-on-offshore-wind/77793#comments</comments>
		<pubDate>Wed, 29 Jun 2011 16:28:57 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[ConocoPhillips]]></category>
		<category><![CDATA[COP]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=77793</guid>
		<description><![CDATA[Norway-based Statoil ASA (STO), through its subsidiary, has signed two contracts for the sale of a major part of its key onshore wind power assets. This forms a part of Statoil’s endeavors to concentrate on the offshore market. The first contract consists of the sale of 50% holding in five energy projects on the central Norwegian coast &#8212; collectively called Sarepta Energi &#8212; to Tronder Energi  Kraft AS. The other contract is for the sale of wind power projects in Finnmark (northern Norway), comprising Arctic Wind AS and the three projects Hamnefjell, Båtsfjordfjellet and Snefjord, to Finnmark Kraft AS. The divestiture would help Statoil to increase its investments in the development of renewable energy, and thereby helping it focus more on offshore activities. Statoil has been progressing consistently in its ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(STO) Statoil ASA Awarded Contract for Subsea Compression</title>
		<link>http://www.stockbloghub.com/2011/06/26/sto-statoil-asa-awarded-contract-for-subsea-compression/77461</link>
		<comments>http://www.stockbloghub.com/2011/06/26/sto-statoil-asa-awarded-contract-for-subsea-compression/77461#comments</comments>
		<pubDate>Sun, 26 Jun 2011 17:23:30 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[E]]></category>
		<category><![CDATA[Eni SpA]]></category>
		<category><![CDATA[Exxon Mobil Corporation]]></category>
		<category><![CDATA[NCI Building Systems Inc.]]></category>
		<category><![CDATA[NCS]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>
		<category><![CDATA[TOT]]></category>
		<category><![CDATA[Total SA]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=77461</guid>
		<description><![CDATA[Statoil ASA (STO) has awarded a contract to Aker Solutions for subsea compression topside modifications on the Statoil-operated Asgard A and B platforms in the North Sea. The contract is worth NOK 650 million ($116.7 million). This deal is classified as an engineering, procurement, construction and installation contract. Modification work mainly involves the supply of electricity to the Asgard subsea compressor units, slated for installation in 2013. Per the contract terms, Aker will construct and install an 800 ton new module and carry out assimilation work in the region. Aker will initiate design and procurement work immediately, while fabrication work will commence in October 2011. Delivery is scheduled for the last quarter of 2014. The Asgard field is one of the major field developments along the Norwegian Continental Shelf (NCS) ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(PBR) Petroleo Brasileiro S.A. Evenly Poised</title>
		<link>http://www.stockbloghub.com/2011/06/24/pbr-petroleo-brasileiro-s-a-evenly-poised/77427</link>
		<comments>http://www.stockbloghub.com/2011/06/24/pbr-petroleo-brasileiro-s-a-evenly-poised/77427#comments</comments>
		<pubDate>Fri, 24 Jun 2011 20:38:31 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Exxon Mobil Corporation]]></category>
		<category><![CDATA[PBR]]></category>
		<category><![CDATA[PetroChina Company Limited]]></category>
		<category><![CDATA[Petroleo Brasileiro]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[RDSA]]></category>
		<category><![CDATA[Royal Dutch Shell Plc]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=77427</guid>
		<description><![CDATA[We have maintained our Neutral recommendation on Brazilian state-run energy giant Petroleo Brasileiro S.A. (PBR), or Petrobras S.A. with a price target of $35. We believe that continued demand growth in Brazil (expected to outperform developed countries in the next few years), together with all the new investments and acquisitions, will fuel Petrobras’ medium-term earnings outlook. Additionally, we expect the company to benefit from its expertise in deep-water operations, its recent major discoveries (that could double its resource base) and the growing domestic refined products market. Petrobras&#8217; know-how and proficiency in deep-water oil and gas exploration and production is reflected in its exceptional track record for hydrocarbon production growth, as well as prospects for production and reserves growth in the future, especially following significant offshore finds in the last few ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/06/24/pbr-petroleo-brasileiro-s-a-evenly-poised/77427/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(RDC) Rowan Companies Concludes LeTourneau Sale</title>
		<link>http://www.stockbloghub.com/2011/06/24/rdc-rowan-companies-concludes-letourneau-sale/77332</link>
		<comments>http://www.stockbloghub.com/2011/06/24/rdc-rowan-companies-concludes-letourneau-sale/77332#comments</comments>
		<pubDate>Fri, 24 Jun 2011 16:23:08 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Joy Global Inc.]]></category>
		<category><![CDATA[JOYG]]></category>
		<category><![CDATA[RDC]]></category>
		<category><![CDATA[Rowan Companies Inc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=77332</guid>
		<description><![CDATA[Rowan Companies, Inc. (RDC) wrapped up the asset sale deal with a leading mining equipment maker, Joy Global Inc. (JOYG) for its manufacturing unit, LeTourneau Technologies, Inc. The all-cash transaction worth $1.1 billion is subject to adjustment mentioned in the Stock Purchase Agreement dated May 13, 2011. LeTourneau is a major manufacturer of drilling equipment for large land and offshore rigs and specialty steel products. It makes large wheel loaders for surface mining along with designing and construction of jackup rigs and shallow-water drilling vessels. The unit generated $815 million in revenue in the last financial year, with $556 million coming from its drilling products business and $259 million from mining. The divestiture of LeTourneau brings two comprehensive business platforms to Joy Global. The first, LeTourneau’s wheel loaders, is the ]]></description>
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		<title>(RIG) Transocean: Blame it on BP!</title>
		<link>http://www.stockbloghub.com/2011/06/23/rig-transocean-blame-it-on-bp/77290</link>
		<comments>http://www.stockbloghub.com/2011/06/23/rig-transocean-blame-it-on-bp/77290#comments</comments>
		<pubDate>Thu, 23 Jun 2011 20:06:02 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[CAM]]></category>
		<category><![CDATA[Cameron International Corporation]]></category>
		<category><![CDATA[HAL]]></category>
		<category><![CDATA[Halliburton Company]]></category>
		<category><![CDATA[RIG]]></category>
		<category><![CDATA[Transocean Limited]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=77290</guid>
		<description><![CDATA[In an internal investigation report, drilling contractor Transocean Ltd (RIG) – the owner and operator of Deepwater Horizon oil rig at the heart of the Gulf of Mexico (GoM) disaster – has accused British energy giant BP plc (BP) of decisions that led to the biggest environmental disaster in U.S. history. As a reminder, on April 20, 2010, offshore driller Transocean’s ultra-deepwater Horizon drilling platform, contracted to BP, sank following an explosion while operating in the U.S. Gulf of Mexico off the coast of Louisiana. The incident killed 11 workers and spewed more than 200 million gallons of crude in what is touted as the worst oil spill in U.S. history. Subsequently, a moratorium was imposed on offshore drilling at water depths of more than 500 feet in the region, ]]></description>
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		<title>(STO) Statoil Sets Long-Term Goals</title>
		<link>http://www.stockbloghub.com/2011/06/21/sto-statoil-sets-long-term-goals/76991</link>
		<comments>http://www.stockbloghub.com/2011/06/21/sto-statoil-sets-long-term-goals/76991#comments</comments>
		<pubDate>Wed, 22 Jun 2011 00:27:57 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[ConocoPhillips]]></category>
		<category><![CDATA[COP]]></category>
		<category><![CDATA[NCI Building Systems Inc.]]></category>
		<category><![CDATA[NCS]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=76991</guid>
		<description><![CDATA[Statoil ASA (STO) has set long-term growth goals for itself. The Norwegian company expects production to exceed 2.5 million barrels of oil equivalents per day in 2020 from 1.9 million barrels in 2010. For the past ten years, Statoil’s production grew at a compound annual growth rate (CAGR) of 3% and is likely to remain unchanged over the next decade. The company expects growth in three phases. The first phase (2010–2012) will yield at a CAGR of 3%, the second (2012–2016) between 2% and 3% and the third between 3% and 4%. For 2011, Statoil reiterated its production guidance of 1.9 million barrels of oil equivalent per day (boed), which is the same as what it produced last year. However, management said that the year’s output could even see a ]]></description>
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		<title>(STO) Statoil ASA to Use Subsea Compression</title>
		<link>http://www.stockbloghub.com/2011/06/21/sto-statoil-asa-to-use-subsea-compression/76839</link>
		<comments>http://www.stockbloghub.com/2011/06/21/sto-statoil-asa-to-use-subsea-compression/76839#comments</comments>
		<pubDate>Tue, 21 Jun 2011 18:59:03 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[NCI Building Systems Inc.]]></category>
		<category><![CDATA[NCS]]></category>
		<category><![CDATA[RDSA]]></category>
		<category><![CDATA[Royal Dutch Shell Plc]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=76839</guid>
		<description><![CDATA[Statoil ASA (STO) is on track to boost its gas recovery rate at subsea wells in various fields. Accordingly, the Norwegian company plans to implement subsea compression &#8212; an advanced process for production enhancement &#8212; at the Gullfaks field, offshore Norway. Since 2008, Statoil and Framo Engineering have been working on technology upgrade for compressing wet gas on the seabed. Such compression also steps up production in a mature field that suffers from a decrease in natural pressure in a reservoir. Now, Statoil has decided to take the compressing concept a step forward in the Gullfaks South subsea field. The company said that the new technology will substantially boost production volume. It would consequently lift the recovery rate for the reserves by three billion cubic meters of gas, implying a ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/06/21/sto-statoil-asa-to-use-subsea-compression/76839/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(PBR) Petrobras Acquires Stake in Gabon</title>
		<link>http://www.stockbloghub.com/2011/06/20/pbr-petrobras-acquires-stake-in-gabon/76869</link>
		<comments>http://www.stockbloghub.com/2011/06/20/pbr-petrobras-acquires-stake-in-gabon/76869#comments</comments>
		<pubDate>Tue, 21 Jun 2011 04:15:29 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Exxon Mobil Corporation]]></category>
		<category><![CDATA[PBR]]></category>
		<category><![CDATA[PetroChina Company Limited]]></category>
		<category><![CDATA[Petroleo Brasileiro]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[RDSA]]></category>
		<category><![CDATA[Royal Dutch Shell Plc]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=76869</guid>
		<description><![CDATA[Brazilian oil giant Petróleo Brasileiro S.A. or Petrobras (PBR) has acquired 50% stake in two exploration blocks offshore Gabon. The company did not disclose the financial details of the deal, which was executed through the wholly owned subsidiary Petrobras Participaciones S.L. The blocks, Ntsina Marin and Mbeli Marin, are located in the Costeira Basin covering an area of 6,683 square kilometers and at water depth of up to 2,400 meters, on the Western Coast of Africa. These were owned by Britain’s Ophir Energy that will retain the remaining 50% of the interest. In the initial phase, Petrobras will conduct evaluation work within the 2,000 square kilometers of 3D seismics. The deal is yet to receive the final approval from the Government of Gabon. Headquartered in Rio de Janeiro, Petrobras is ]]></description>
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		<title>(STO) Statoil ASA Reaches Leismer Milestone</title>
		<link>http://www.stockbloghub.com/2011/06/19/sto-statoil-asa-reaches-leismer-milestone/76725</link>
		<comments>http://www.stockbloghub.com/2011/06/19/sto-statoil-asa-reaches-leismer-milestone/76725#comments</comments>
		<pubDate>Sun, 19 Jun 2011 17:24:25 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[KKD]]></category>
		<category><![CDATA[Krispy Kreme Doughnuts Inc.]]></category>
		<category><![CDATA[RDSA]]></category>
		<category><![CDATA[Royal Dutch Shell Plc]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>
		<category><![CDATA[TOT]]></category>
		<category><![CDATA[Total SA]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=76725</guid>
		<description><![CDATA[Norwegian operator Statoil ASA (STO) has reached a production milestone of 1 million barrels of oil at its Leismer Demonstration Project (LDP) in northern Alberta, Canada. Although oil sands require long-term investments, Statoil has the capability to carry out development in different stages. In 2007, Statoil entered Kai Kos Dehseh (KKD) through the acquisition of North American Oil Sands Corporation, which involves four leases –– Corner, Hangingstone, Thornberry and Leismer. The company also enjoys the operatorship of KKD leases in the Athabasca region with 60% interest in the project, while its co-partner PTT Exploration and Production of Thailand holds a 40% stake. Leismer, representing the first phase of the KKD steam assisted gravity drainage (SAGD) project, received its first oil in January and is expected to reach its highest capacity ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(STO) Statoil ASA to Offload Gassled Stake</title>
		<link>http://www.stockbloghub.com/2011/06/15/sto-statoil-asa-to-offload-gassled-stake/75755</link>
		<comments>http://www.stockbloghub.com/2011/06/15/sto-statoil-asa-to-offload-gassled-stake/75755#comments</comments>
		<pubDate>Wed, 15 Jun 2011 17:00:56 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[ConocoPhillips]]></category>
		<category><![CDATA[COP]]></category>
		<category><![CDATA[E]]></category>
		<category><![CDATA[Eni SpA]]></category>
		<category><![CDATA[Exxon Mobil Corporation]]></category>
		<category><![CDATA[RDSA]]></category>
		<category><![CDATA[Royal Dutch Shell Plc]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>
		<category><![CDATA[TOT]]></category>
		<category><![CDATA[Total SA]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=75755</guid>
		<description><![CDATA[Statoil ASA (STO) announced plans to divest majority of its stake in the Gassled joint venture for 17.35 billion kroner, or about $3.25 billion, in an effort to streamline its portfolio. The deal is subject to approvals from the Norwegian Ministry of Petroleum and Energy as well as the Ministry of Finance. Under the agreement, the Norwegian oil company intends to sell 24.1% of its share in the European natural gas transport venture Gassled. The stake has been sold to a holding company, Solveig Gas Norway AS, which is held 45% by Canada Pension Plan Investment Board, 30% by Allianz Capital Partners, a subsidiary of Allianz SE and 25% by Infinity Investments SA, a unit of the Abu Dhabi Investment Authority sovereign-wealth fund. Statoil will retain its 5% stake in ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(PBR) Petrobras: Another Strong Quarter</title>
		<link>http://www.stockbloghub.com/2011/06/02/pbr-petrobras-another-strong-quarter/74122</link>
		<comments>http://www.stockbloghub.com/2011/06/02/pbr-petrobras-another-strong-quarter/74122#comments</comments>
		<pubDate>Thu, 02 Jun 2011 18:20:02 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Exxon Mobil Corporation]]></category>
		<category><![CDATA[PBR]]></category>
		<category><![CDATA[PetroChina Company Limited]]></category>
		<category><![CDATA[Petroleo Brasileiro]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[RDSA]]></category>
		<category><![CDATA[Royal Dutch Shell Plc]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=74122</guid>
		<description><![CDATA[Brazilian state-run energy giant Petroleo Brasileiro S.A. (PBR), or Petrobras S.A., announced its first quarter earnings of R$10,985.0 million or R$0.84 per share, compared with R$7,726.0 million or R$0.88 per share in the year-earlier quarter. Per share profitability dropped after the company sold $70 billion of new stock in September last year. Earnings per ADR came in at $1.01 (exchange rate: U.S.$1.00 = R$1.66, 1 ADR = 2 shares), ahead of the Zacks Consensus Estimate of 93 cents. This was mainly on the back of improved crude prices amid strong domestic energy demand, aided by a strengthening currency, partially offset by government caps on fuel prices that eroded refining margins. Petrobras’ revenues of R$54,800.0 million (or approximately $33,012.0 million) were up 8.7% from the first quarter 2010 level and also ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(NBR) Nabors Industries Scrapes Through 2011 First Quarter</title>
		<link>http://www.stockbloghub.com/2011/05/03/nbr-nabors-industries-scrapes-through-2011-first-quarter/72633</link>
		<comments>http://www.stockbloghub.com/2011/05/03/nbr-nabors-industries-scrapes-through-2011-first-quarter/72633#comments</comments>
		<pubDate>Tue, 03 May 2011 19:11:03 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Helmerich & Payne Inc]]></category>
		<category><![CDATA[HP]]></category>
		<category><![CDATA[Nabors Industries Limited]]></category>
		<category><![CDATA[NBR]]></category>
		<category><![CDATA[Patterson-UTI Energy Inc]]></category>
		<category><![CDATA[PTEN]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=72633</guid>
		<description><![CDATA[North America’s largest onshore oil and natural gas driller Nabors Industries Ltd (NBR) reported marginally better-than-expected first quarter results on the back of strong North American onshore activity levels. Earnings per share from continuing operations (excluding 6 cents in unusual costs and lost income) came in at 35 cents, a penny above the Zacks Consensus Estimate and were comfortably ahead of the year-ago adjusted profit of 23 cents. Revenues of $1.4 billion surpassed the Zacks Consensus Estimate of $1.3 billion and the first quarter 2010 sales of $896.4 million. Contract Drilling Segment: Analysis Nabors’ main operating segment is ‘Contract Drilling’, which accounts for bulk of its revenues and operating earnings. Its operations are spread across 7 sub-segments: U.S. Lower 48 Land Drilling, U.S. Well Land Servicing, U.S. Offshore, Alaska, Canada, ]]></description>
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		<title>(RDC) Rowan Companies Beat Estimates on Bottom Line</title>
		<link>http://www.stockbloghub.com/2011/05/03/rdc-rowan-companies-beat-estimates-on-bottom-line/73043</link>
		<comments>http://www.stockbloghub.com/2011/05/03/rdc-rowan-companies-beat-estimates-on-bottom-line/73043#comments</comments>
		<pubDate>Tue, 03 May 2011 18:01:12 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Diamond Offshore Drilling Inc]]></category>
		<category><![CDATA[DO]]></category>
		<category><![CDATA[Ensco International Inc]]></category>
		<category><![CDATA[ESV]]></category>
		<category><![CDATA[RDC]]></category>
		<category><![CDATA[Rowan Companies Inc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=73043</guid>
		<description><![CDATA[Rowan Companies Inc. (RDC) recorded adjusted first-quarter 2011 earnings of 49 cents per share, breezing past the Zacks Consensus Estimate of 30 cents but showing deterioration from the year-earlier profit of 56 cents. Total revenue improved 15.8% year over year to $364.3 million in the reported quarter, but failed to match up to our expectation of $401 million. Operational Performance The company’s drilling operations generated revenues of $250.0 million in the quarter, down 24.5% year over year, mainly due to lower average day rates. However, the gross drilling margin decreased to 43% from 59% in the year-earlier quarter. Operating income plunged substantially by 70% to $41.6 million from the year-earlier level. Rowan&#8217;s manufacturing operations’ external revenues jumped 13% on a year-over-year basis to $114.3 million. Gross manufacturing margin dropped to ]]></description>
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		<title>(RIG) Transocean Reports Drops in Rigs in Status Update</title>
		<link>http://www.stockbloghub.com/2011/04/26/rig-transocean-reports-drops-in-rigs-in-status-update/71776</link>
		<comments>http://www.stockbloghub.com/2011/04/26/rig-transocean-reports-drops-in-rigs-in-status-update/71776#comments</comments>
		<pubDate>Tue, 26 Apr 2011 15:37:15 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Chevron Corporation]]></category>
		<category><![CDATA[CVX]]></category>
		<category><![CDATA[Marathon Oil Corporation]]></category>
		<category><![CDATA[MRO]]></category>
		<category><![CDATA[RIG]]></category>
		<category><![CDATA[Transocean Limited]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=71776</guid>
		<description><![CDATA[In the April fleet update report, Transocean Ltd. (RIG) announced that it has stacked one deepwater rig, Transocean Richardson and two midwater floaters, Sedco 601 and J.W. McLean, due to drop in demand. The company has also put two shallow-water rigs, GSF Britannia and GSF Labrador, up for sale. The deepwater Transocean Richardson operated off the coast of Angola at $340,000 per day for Chevron Corp (CVX). The two midwater rigs earned more than $250,000 per day, with Sedco 601 working in offshore Malaysia and J.W. McLean in the North Sea for Marathon Oil Corporation (MRO). Leading offshore drilling contractor and provider of drilling management services globally, Transocean’s contract drilling fleet comprised 47 high-specification deepwater floaters, 25 midwater floaters, 9 high-specification jackups, 52 standard jackups and other assets utilized to ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(STO) Statoil ASA and BP in Algeria&#8217;s In Salah Southern Fields Gas Project</title>
		<link>http://www.stockbloghub.com/2011/04/13/sto-statoil-asa-and-bp-in-algerias-in-salah-southern-fields-gas-project/71478</link>
		<comments>http://www.stockbloghub.com/2011/04/13/sto-statoil-asa-and-bp-in-algerias-in-salah-southern-fields-gas-project/71478#comments</comments>
		<pubDate>Thu, 14 Apr 2011 02:30:12 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=71478</guid>
		<description><![CDATA[Norway’s Statoil ASA (STO), along with its partners BP Plc (BP) and Algeria’s state energy company Sonatrach, have entered into a $1.15 billion field development agreement with Petrofac International in Algeria&#8217;s In Salah Southern Fields gas project. Per the agreement, Petrofac is entitled to provide engineering, procurement and construction (“EPC”) services for the In Salah Southern Fields development project. Additionally, Petrofac is expected to construct facilities, which involve well pads, manifolds, flowlines as well as a new central processing facility with a daily processing capacity of 17 million cubic meters of gas. The deal is a part of the two-phase development program at the In Salah license following diminishing gas production from three gas fields (Krechba, Teg and Reg). The first phase comprised the development of those gas fields, which ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(RDC) Rowan Companies Analyst Reiterates Shares at Neutral</title>
		<link>http://www.stockbloghub.com/2011/04/03/rdc-rowan-companies-analyst-reiterates-shares-at-neutral/70529</link>
		<comments>http://www.stockbloghub.com/2011/04/03/rdc-rowan-companies-analyst-reiterates-shares-at-neutral/70529#comments</comments>
		<pubDate>Sun, 03 Apr 2011 15:53:01 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Diamond Offshore Drilling Inc]]></category>
		<category><![CDATA[DO]]></category>
		<category><![CDATA[Ensco International Inc]]></category>
		<category><![CDATA[ESV]]></category>
		<category><![CDATA[RDC]]></category>
		<category><![CDATA[Rowan Companies Inc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=70529</guid>
		<description><![CDATA[We maintain our Neutral recommendation on Rowan Companies Inc. (RDC) given its impressive fourth-quarter 2010 results, which comfortably beat both earnings and revenue estimates. We remain on the sidelines owing to the possible oversupply of global jackups in the next few years, thereby reflecting downside pressure on jackup rates. Rowan’s better-than-expected fourth quarter results mainly driven by improvements in its drilling and manufacturing operations. The company’s contract drilling as well as manufacturing improvements were attributable to proficient cost controlling, accompanied by outperformance in the mining products group, for which Rowan expects demand to perk up in 2011. We view Rowan as the key premium jackup company in the bifurcated shallow water market. The company’s premium high-specification rig fleet enjoys greater utilization than most of the other shallow-water fleets. We believe ]]></description>
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		</item>
		<item>
		<title>(HP) Helmerich &amp; Payne Incorporated &#8211; Bull of the Day</title>
		<link>http://www.stockbloghub.com/2011/03/31/hp-helmerich-payne-incorporated-bull-of-the-day/70327</link>
		<comments>http://www.stockbloghub.com/2011/03/31/hp-helmerich-payne-incorporated-bull-of-the-day/70327#comments</comments>
		<pubDate>Thu, 31 Mar 2011 14:33:11 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Helmerich & Payne Inc]]></category>
		<category><![CDATA[HP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=70327</guid>
		<description><![CDATA[With the industry requiring increasingly complex well designs, there is high demand for modern, technologically sophisticated rigs. Given its newest and most technologically-advanced land rig fleet, Helmerich &#38; Payne (HP) is well positioned to take advantage of this scenario, while continuing to gain market share and adding value for its shareholders and customers. A relatively conservative financial policy and a high quality client base are other positives in the Helmerich &#38; Payne story. Buoyed by these factors, we are upgrading the company&#8217;s shares to Outperform from Neutral. We believe Helmerich &#38; Payne is well positioned going forward and consider it an attractive investment. This is reflected in our Outperform recommendation and the $76 price objective, which is based on a 2010 P/E multiple of 19.2X. HELMERICH&#38;PAYNE (HP): Free Stock Analysis ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/03/31/hp-helmerich-payne-incorporated-bull-of-the-day/70327/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(RIG) Transocean Fourth Quarter 2010 Earnings Scorecard</title>
		<link>http://www.stockbloghub.com/2011/03/28/rig-transocean-fourth-quarter-2010-earnings-scorecard/67990</link>
		<comments>http://www.stockbloghub.com/2011/03/28/rig-transocean-fourth-quarter-2010-earnings-scorecard/67990#comments</comments>
		<pubDate>Mon, 28 Mar 2011 22:25:10 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Diamond Offshore Drilling Inc]]></category>
		<category><![CDATA[DO]]></category>
		<category><![CDATA[NE]]></category>
		<category><![CDATA[Noble Corporation]]></category>
		<category><![CDATA[RIG]]></category>
		<category><![CDATA[Transocean Limited]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=67990</guid>
		<description><![CDATA[Late last month, offshore drilling giant Transocean Inc. (RIG) announced its financial results for the fourth-quarter and year-end 2010. Now that the analysts have had some time to ponder over the quarterly performance of Transocean, they are weighing their estimate revisions. Below we cover the results of the recent earnings announcement, subsequent analyst estimate revisions and Zacks ratings for the outlook. Earnings Review On February 23, 2011, Transocean reported weak fourth quarter and full-year 2010 results, affected by reduced utilization rates and lower average daily revenue along with higher operating costs. Earnings per share, excluding one-time expenses, came in at 76 cents, below the Zacks Consensus Estimate of 87 cents. In the year-ago period, the company had earned $2.21 per share (on an adjusted basis). Full-year 2010 earnings, excluding one-time ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/03/28/rig-transocean-fourth-quarter-2010-earnings-scorecard/67990/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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