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    GOM Outlook 2008
    Rigzone Covers OTC 2008.
    With news stories posted throughout the day, as well as daily newsletters with the biggest headlines from the event, Rigzone is covering OTC in a big way. Visit us at booth #7213 and register to win a 2008 Lamborghini Gallardo. Learn More.


    GOM Explorer
    GOMExplorer is a web-based GIS (geographical information system) and reporting system for the Gulf of Mexico oil and gas industry. Create maps of the Gulf of Mexico containing lease concessions, oil & gas fields, mobile rig locations and much more.
    Check it out today.


       Industry Headlines

    Libya to Reassess Italy Oil Deals Amid Government Row
    Friday, May 09, 2008 - Libya is reassessing some of its oil deals with Eni as tensions mount between the two nations following the new Italian government's high-level appointment of a right-wing politician who has angered the North African country in recent years.
    Brazil President Says Brazil Wants to Join OPEC
    Friday, May 09, 2008 - Brazil wants to join the Organization of Petroleum Exporting Countries and work towards lower crude oil prices, Brazilian President Luiz Inacio Lula da Silva tells Spiegel magazine in an advance copy of this weekend's edition.
    Nymex Surges Past $125/Bbl Milestone
    Friday, May 09, 2008 - Nymex crude oil surged past the $125 a barrel milestone in London trade Friday, as crude futures extended their record-breaking run.
    FARC Dynamites Transandino Oil Pipeline   [5/9/2008]
    OPEC: 'There is Clearly No Shortage of Oil in the Market'   [5/8/2008]
    Bangladesh Receives Bids for Oil Blocks   [5/8/2008]
    more Industry Headlines articles

       Commodity Prices
    Brent Crude Oil : $124.56/BBL
    2.22%
    Light Crude Oil : $125.96/BBL
    1.80%
    Natural Gas : $11.54/MMBtu
    2.43%
    Unleaded Gasoline : $3.20/gal
    1.98%
    prices from: 5/9/2008
    change since: 5/8/2008
    more financial information


       Upcoming Events

    Complex Well Technology - Core Competency 2008
      5/12/2008 - 5/16/2008
      Calgary
    Gas Business Understanding Seminar
      5/12/2008 - 5/13/2008
      Denver
    Electric Business Understanding Seminar
      5/14/2008 - 5/15/2008
      Denver
    5th MidEast Oil Week 2008
      5/26/2008 - 5/28/2008
      Dubai
    more upcoming events

       Exploration News

    Norway Announces APA 2008
    Friday, May 09, 2008 - The Norwegian Ministry of Petroleum and Energy is offering 18 blocks in the APA 2008. The areas consist mainly of returned blocks where petroleum activities have previously taken place.
    Australia Awards $425 Million in Offshore Permits
    Friday, May 09, 2008 - The Australian Minister for Resources and Energy has awarded nine exploration permits representing a $425 million investment in Australia's offshore petroleum sector.
    VAALCO Plans Major Exploration, Contracts 2 Rigs Offshore Gabon
    Friday, May 09, 2008 - VAALCO's exploration program, which includes seven exploration wells over the next 12-18 months, will expose the company to in excess of 50 million net barrels, representing an 8-fold potential increase in reserves.
    Talisman Gets OK to Drill Wildcat in Block 15/12 Offshore Norway   [5/9/2008]
    Lansdowne Completes Celtic Sea Seismic Survey   [5/9/2008]
    BPZ Spuds Another Corvina Well   [5/9/2008]
    more Exploration articles

       Featured Jobs

    Environmental Specialist ? Marine Construction
      Exp.: 15+ yrs
      Loc.: Lima
      Skills: Environmental Engineer
    Project Manager (Shipyards) - Offshore Drilling Contractors
      Exp.: 5+ yrs
      Loc.: International / GOM
      Skills: Project Management
    Document Control Manager
      Exp.: 5+ yrs
      Loc.: West Africa
      Skills: Secretarial or Administrative
    Reservoir Engineering Consultant- Central London & Johannesburg
      Exp.: 10+ yrs
      Loc.: London
      Skills: Reservoir Engineering
    more job openings

       From the Store

    Editor Picks

    Orientation and Safety for the Offshore Oil Industry

    Structural Styles in Petroleum Exploration

    Subsurface Salt Water Injection and Disposal (API Vocational Book 3)
    more books and products

       Production News

    Platt Survey: OPEC Output Down for April
    Friday, May 09, 2008 - The 13 members of the Organization of Petroleum Exporting Countries (OPEC) pumped an average 31.87 million barrels per day (b/d) of crude oil in April, a 350,000 b/d decrease from March.
    NOPSA Cites Safety Concerns on Four Vanguard FPSO
    Friday, May 09, 2008 - Australia's NOPSA issued a Prohibition Notice preventing FPSO Management Pty from using the process plant on the Four Vanguard until safety issues are resolved.
    North West Shelf LNG Confirms Sales Agreement with Osaka Gas
    Friday, May 09, 2008 - The North West Shelf LNG Venture has agreed to supply Osaka Gas around 0.5 million tonnes of LNG a year starting in April 2009 for six years on an ex-ship basis.
    Maui JV Partners Firm Up Reserves   [5/9/2008]
    Rs 3,570 cr ONGC Plan to Pump Up Volume   [5/9/2008]
    Verenex Energy Beefs Up Libyan Operations   [5/8/2008]
    more Production articles

       Stock Movers

    Winners
    Dawson Geophysical 10.18%
    Oceaneering International 6.61%
    Clayton Williams Energy 6.43%
    Swift Energy 5.22%
    Tengasco 5.19%
    Losers
    Infinity -18.75%
    Edge Petroleum -6.06%
    Syntroleum -5.78%
    Tesoro Petroleum -5.47%
    Delta Petroleum -4.15%
    Note: % change based on the last 2 days of trading
    more stocks

       Featured Equipment

    5 1/2" W.T.M 350 Elevator
    Cummins 500kW Generator Set
    more equipment

       Company Operations

    Stena Drilling Orders New Ice-Class Drillship
    Friday, May 09, 2008 - Stena Drilling is delighted to confirm its order for a new drillship at Samsung Shipyard in Korea at an estimated total delivery price of US $1.15 billion.
    Williams Inks $285M Natural Gas Deal in Piceance Basin
    Friday, May 09, 2008 - Williams has agreed to purchase SandRidge Energy's and other parties' interests in Colorado's Piceance Basin for approximately $285 million. The assets could represent more than 1.9 trillion cubic feet equivalent of probable and possible reserves.
    Chevron Trimming Ranks In Reorg; Cuts Mostly International
    Friday, May 09, 2008 - Chevron said about 1,100 employees were eligible for severance payments at the end of the first quarter, after the company eliminated the positions as part of a restructuring and reorganization plan.
    Boots & Coots Teams Up with HSE Integrated   [5/9/2008]
    ONGC Keeps Offshore Insurance at $29M   [5/9/2008]
    Norway's PSA to Review AoC Scheme   [5/9/2008]
    more Company Operations articles

       Industry Indicators

    Featured Field Development Project
    Mutineer-Exeter
    Operator: Santos
    Host Type: FPSO (Floating Prod, Storage & Offloading)
    Producing: Oil
    Region:
    Country: Australia
    more projects

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