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>> PETROLEUM Latest News

AUG 29, 2014 - Forbes

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Central Asian Exploration on Firm Footing, Says Tethys Petroleum CFO

The prospect of tapping Central Asia and the Caspian for hydrocarbons has excited oil and gas companies of all colors and stripes for better parts of three decades. Activity gained momentum after the break-up of the Soviet Union with newly liberated republics chalking out their independent policy paths and allowing private sector petrodollars to flow in.

Tags: Central Asian Exploration on Firm Footing, Says Tethys Petroleum CFO,  Petroleum Latest News

AUG 27, 2014 - Miami Herald

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Garcia: Block Venezuela's sale of Citgo

U.S. Rep. Joe Garcia and Venezuelan opposition leaders in Miami called on the Obama administration Wednesday to block Venezuela's sale of U.S.-based Citgo Petroleum Corp.

Tags: Garcia: Block Venezuela's sale of Citgo,  Petroleum Latest News

AUG 27, 2014 - Miami Herald

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Alaska voters reject repeal of 2013 petroleum tax

Alaska voters have retained a new petroleum production tax system that offers hope of increased investment and jobs but drew criticism as a giveaway to already profitable oil companies.

Tags: Alaska voters reject repeal of 2013 petroleum tax,  Petroleum Latest News

AUG 27, 2014 - TheStreet

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Why Penn West Petroleum (PWE) Stock Is Gaining Today

NEW YORK (TheStreet) --aPenn West Petroleum was gaining 6.4% to $7.84 Wednesday after providing an update on its internal review of accounting practices. The company said the Audit Committee's review is ongoing, and that it will file its 2014 second quarter financial statements as soon as possible, and no later than October 14. Penn West confirmed that its reserves volumes ...

Tags: Why Penn West Petroleum (PWE) Stock Is Gaining Today,  Petroleum Latest News

AUG 27, 2014 - TheStreet

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Why Laredo Petroleum (LPI) Stock Is Declining Today

NEW YORK (TheStreet) -- Laredo Petroleum shares are down -1.3% to $23.16 after beingadowngraded to "hold" from "buy" by analysts at Canaccord Genuity on Wednesday. The downgraded outlook stems from the firm's view of the declining impact of the Permian Basin oil exploration in the U.S. southwest on equity values.a "New delineation results appear to be having less and less ...

Tags: Why Laredo Petroleum (LPI) Stock Is Declining Today,  Petroleum Latest News