The results are in. CAMAC Energy’s (ticker: CAK) updated estimate on four prospects offshore Nigeria revealed unrisked P50 recoverable resources of 2,377 MMBO – a 443% increase from the previous estimate of 537 MMBO. In a conference call following the release, Dr. Kase Lawal, Chairman and Chief Executive Officer of CAMAC Energy, said the increase will have a “monumental impact
Today the EIA put out its September Natural Gas Monthly, with data through July 2014. In the report, the U.S.’s July dry gas production of 70.4 Bcf/day set the record for “the highest ever for any month,” the EIA said. But total consumption of natural gas fell short of production by almost 10 Bcf/day in July, which was the lowest
By Julie Gordon and Scott Haggett (Reuters) – Enbridge Inc , Canada’s largest pipeline operator, said on Tuesday it may have to build new pipeline capacity from its Superior, Wisconsin, storage hub if oil shipments from Canada and the Bakken shale field of North Dakota keep expanding. Speaking at the company’s annual investor day in Toronto, Guy Jarvis, head of the oil pipeline unit, said …
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