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Monday, March 15, 2010 - ConocoPhillips has presented plans to the Norwegian government to further develop the North Sea Ekofisk South and Eldfisk offshore fields with an estimated investment of up to $12.2 billion.
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Most Popular News
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Industry Headlines
Reliance in Talks to Buy into Marcellus Shale
Tuesday, March 16, 2010 - Reliance Industries is reportedly in late-stage talks in a deal which would make Reliance the first Indian company to buy into the Marcellus Shale.
Tuesday, March 16, 2010 - Natural gas producers may restrict their output to correct oversupply and boost prices, the president of the Gas Exporting Countries Forum said Tuesday.
ExxonMobil Primes Deepwater Bit for Turkish Black Sea
Tuesday, March 16, 2010 - ExxonMobil will use Transocean's Deepwater Champion, a specially designed, newly built drillship, to explore the deepwater Black Sea offshore Turkey.
Offshore Energy Industry Bets on Central GOM
Tuesday, March 16, 2010 - The offshore energy industry continues to show interest in the Gulf of Mexico's Outer Continental Shelf, with 67 companies submitting 642 bids on 468 tracts.
Statoil Fast Tracks 4 Fields Offshore Norway
Tuesday, March 16, 2010 - Statoil has identified four projects to be given fast-track status. The four projects contain recoverable reserves that have been estimated at more than 140 million boe.
Shell Sharpens Growth Strategy; 11B BOE Under Construction
Tuesday, March 16, 2010 - "Looking out to 2020, I expect Shell's exploration to underpin new upstream growth, especially in North America and Australia, with additional barrels from development-led projects," said Shell CEO Peter Voser.
Analysis: Petrobras Building Up Its Rig Fleet
Monday, March 15, 2010 - The world's largest offshore rig operator, Petrobras, plans to continue to expand its rig fleet. Rigzone takes a look at the NOC's fleet and highlights several key offshore developments.
more Industry Headlines articles >>
Exploration
Tuesday, March 16, 2010 - Petrobras announced a new discovery of light oil in sandstone reservoirs located in the Sergipe Basin, in the post-salt layer of the Piranema area.
Pacific Rubiales Strikes New Oil Pay at Quifa Block
Tuesday, March 16, 2010 - Pacific Rubiales Energy announced a new oil discovery at the Quifa 24X exploratory well, as well as results of the Quifa 32 appraisal well located in the Quifa Block, Llanos Basin, Colombia.
Tuesday, March 16, 2010 - Maersk Drilling is undertaking essential repair work on the Kan Tan IV semisub to ensure the ongoing safe operation of the drilling unit. Drilling of Hoki-1 will resume in a week's time.
Tuesday, March 16, 2010 - Det norske has received consent to conduct exploration drilling in the southern North Sea with the Bredford Dolphin semisub.
Perenco Cameroon Signs Offshore PSC
Tuesday, March 16, 2010 - Perenco's Chairman and the Executive General Manager of the National Hydrocarbons Corporation signed a Production Sharing Contract for oil exploration in the Elombo block, offshore Cameroon.
Tuesday, March 16, 2010 - TG World has signed farm-in agreements for a 12.5% equity interest in two Philippine offshore development ready oil discoveries.
Fidelity E&P Broadens Position in Rocky Mountain Region
Tuesday, March 16, 2010 - Fidelity E&P is acquiring additional leasehold interests in the Bakken area of western North Dakota, and in the emerging oil shale play in the Niobrara formation in southeastern Wyoming and north-central Colorado.
InterOil to Redrill Antelope-2 Well
Tuesday, March 16, 2010 - Due to mechanical issues encountered while running a 5 1/2" liner, the 90 degree angle build section of the Antelope-2 well will need to be re-drilled.
MMS to Launch Central GOM Lease Sale 213 Tomorrow
Tuesday, March 16, 2010 - The Director of Minerals Management Service, Liz Birnbaum, will open the Central Gulf of Mexico Lease Sale 213 in New Orleans on March 17.
Africa Oil Farms-Out East African Blocks to Lion Energy
Tuesday, March 16, 2010 - Under the farm-out agreement Lion Energy has the right to earn an interest in three petroleum blocks located in the Republic of Kenya and two petroleum blocks located in Puntland, Somalia.
more Exploration articles >>
Production
Golar LNG Terminates Gladstone LNG Agreements
Tuesday, March 16, 2010 - Golar LNG Energy has terminated various agreements relating to the Gladstone LNG Project as a function of the recent announcement of a conditional takeover proposal of Arrow Energy by Shell and PetroChina.
Pemex Puts Leistritz Pumps to Work at 3 GOM Platforms
Tuesday, March 16, 2010 - One of the largest twin-screw, multiphase pumps ever ordered successfully completed factory acceptance tests (FAT) at the Leistritz Pumpen GmbH factory in Nuremberg, Germany.
Ivanhoe IDs Top-Tier Heavy-Oil Reservoir in Ecuador
Tuesday, March 16, 2010 - Ivanhoe announced exceptional log and core results from Ivanhoe Energy's first well in the Pungarayacu oil field in Ecuador.
Gastar Touts Deep Bossier Well Completions - 4Q Report
Tuesday, March 16, 2010 - Gastar's Deep Bossier wells completed late December 2008 and mid-year 2009 were the Company's best to date, with an average initial production rate of 25 million cubic feet of natural gas per day.
Lynden Completes Wolfberry Well Series
Tuesday, March 16, 2010 - Lynden Energy reported that the Miller Trust #101 and the Mallard 23 #2, the Company's second and third Wolfberry wells, have been tied-into production.
Range Resources Stabilizes Rates at Smith #1
Tuesday, March 16, 2010 - After commencing production late last month, Range Resources' Smith #1 well has been stabilized and is producing into the sales line at rates of between 2.2-2.8Mmcf/day and 200-250 bbls/day.
U.S. Energy Corp Makes Headway on 2010 Drilling Plan
Tuesday, March 16, 2010 - "Though still early in the year, we have made real progress on our 2010 drilling plan, both with our core Williston Basin program and in the Gulf Coast," stated CEO of U.S. Energy Corp.
Brigham Adds Acreage to Rough Rider Project
Tuesday, March 16, 2010 - Brigham Exploration has signed a purchase and sale agreement to acquire just over 10,000 net acres in the northeastern portion of its Rough Rider project area.
more Production articles >>
Finance and Investing
Resaca Releases '09 Financial, Operational Report
Tuesday, March 16, 2010 - Jay Lendrum, Chief Executive Officer of Resaca, commented, "At the end of our last fiscal year, we achieved our target water injection rate of 18,000 barrels of water per day at Cooper Jal and we have maintained that injection level since that time."
Tuesday, March 16, 2010 - Woodside advised that the sale of its 51.55% interest in the Otway Gas Project is now complete.
Northern Offshore Extends Term Loan Agreement
Tuesday, March 16, 2010 - Northern Offshore and its lenders have executed an amendment to their US $300 million Secured Term Loan Facility Agreement.
TransAmerican Energy Enters LOI for Utica Shale Properties
Tuesday, March 16, 2010 - TransAmerican Energy has entered into a Letter of Intent to acquire a 100% interest in 10 Utica shale oil and gas properties comprising 136,000 acres located in Quebec.
Pioneer Redeems 2012 Senior Notes
Tuesday, March 16, 2010 - Pioneer Natural Resources Company has redeemed for cash all of its outstanding 5.875% Senior Notes due 2012 originally issued as 5.875% Senior Subordinated Notes due 2012 by Evergreen Resources.
Brownstone Ventures Increases Financing
Tuesday, March 16, 2010 - Brownstone Ventures has increased the size of its proposed non-brokered financing as a result of investor interest to up to 17,000,000 units at a price of $0.55 per Unit for aggregate gross proceeds of up to $9,350,000.
Pulse Seismic Posts '09 Financial, Operational Results
Tuesday, March 16, 2010 - President and Chief Executive Officer of Pulse Seismic reported the financial and operating results of Pulse for the year ended December 31, 2009.
more Finance and Investing articles >>
Company Operations
Tuesday, March 16, 2010 - Woodside has selected Mustang to provide the independent assessment and verification of readiness for one of the world's heaviest open-water floatover installations.
AGR, Chevron Charge Ahead with New Drilling System
Tuesday, March 16, 2010 - AGR Drilling Services has been working for more than 18 months in conjunction with Chevron, on the design and development of a fully integrated, Dual Gradient Drilling System.
flexlife Sets Up Shop in Kuala Lumpur
Tuesday, March 16, 2010 - flexlife has opened its first international base and appointed a business development manager to drive growth in Asia Pacific.
InterAct Abandons 'Unusual' Irish Sea Well for Centrica
Tuesday, March 16, 2010 - InterAct, an Acteon company, has successfully completed the abandonment of an unusual well for Centrica in the East Irish Sea.
Palantir Deploys Global Planning System for Talisman
Tuesday, March 16, 2010 - Palantir was tasked with building a standardized planning system with advanced reporting and portfolio planning capability for Talisman Energy.
BOS Opens Business in Oman
Tuesday, March 16, 2010 - BOS has established a full representative office in the Sultanate of Oman.
Tuesday, March 16, 2010 - Cargotec will deliver two large offshore cranes to Singapore-based Ezra in 2010 and the beginning of 2011, respectively.
more Company Operations articles >>
