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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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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.
Gas Producers May Hold Up Output - Algeria Energy Min
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
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Exploration
Petrobras Hits Paydirt in Offshore Piranema Area
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.
Kan Tan IV Undergoes Repair; Drilling Halted at Hoki-1
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.
Det norske Gets Go-Ahead to Drill North Sea Well
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.
TG World Takes Bite of Philippine Oil Project
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
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Production
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Tuesday, March 16, 2010 - Ivanhoe announced exceptional log and core results from Ivanhoe Energy's first well in the Pungarayacu oil field in Ecuador.
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Finance and Investing
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Company Operations
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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
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BOS Opens Business in Oman
Tuesday, March 16, 2010 - BOS has established a full representative office in the Sultanate of Oman.
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