Exploration and development vehicle ShaMaran Petroleum (SNM:TSXV) recently announced a private placement that could raise as much as C$50 million and provided an update on the Pulkhana wells in Iraq.

Energy services company Key Energy Services Inc. (KEG:NYSE) has a bullish outlook for next year in part because because of strong land fundamentals in the U.S., according to investment bank Raymond James.

Energy services company Patterson-UTI Energy Inc.'s (PTEN:NASDAQ) 3Q11 results indicated earnings per share (EPS) of C$0.53, around 140,000 horsepower (hp) worth of pumping equipment deployed so far this year and seven new APEX rigs completed during the period.

I asked Dave Blais, a full-time investor of gold and silver stocks, for an update on his take on the action in the precious metals markets. Here's his report... Is the current gold and silver stock sale one of the best in years? Is the current gold and silver stock correction...

Investment bank Raymond James recently announced that it was reiterating its Strong Buy rating for service provider Basic Energy Services (BAS:NYSE) and changing the company's target price to C$30.00.

A recent U.S. Energy Information Administration (EIA) report predicts that heating oil prices in the Northeast will increase to record levels this winter.

Black Diamond Group Ltd. (BDI:TSX) has signed a new three-year contract through its 50/50 Black Diamond Dene Limited Partnership for a remote camp that will be established for working on the Cordova Shale located in British Columbia.

On September 30, Teekay Corporation (TK:NYSE) declared that it entered into an agreement where it will purchase a stake in recapitalized Sevan Marine ASA (SEVAN:OSLO) and buy three floating production storage and offloading (FPSO) units from the Norway-based company.