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    Current Industry Headlines
    Market Lauds EnCana Co Split; Shares Jump, Analysts Upgrade

    Monday, May 12, 2008 - EnCana's shares staked out a new high Monday as the market responded immediately and positively to the decision of Canada's biggest energy producer to split into two. read full story

    - Australian Govt to Tax Condensate; Reaps A$2.5B in 4 Years
    - Exxon: Alaska Should Pay $800M Over Point Thomson
    - Petrobras to Start Long-Term Test at Tupi in March 2009
    United States 17 articles
    FMC Technologies Appoints Beyersdorfer Treasurer
    Exxon: Alaska Should Pay $800M Over Point Thomson
    Austral-Asia 13 articles
    Pan Orient Announces Indonesian Acquisitions
    Australian Govt to Tax Condensate; Reaps A$2.5B in 4 Years
    South America 7 articles
    Ecuador Wary of World Bank Arbitration in Occidental Case
    Petrobras to Start Long-Term Test at Tupi in March 2009
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    Industry Headlines
    Australian Govt to Tax Condensate; Reaps A$2.5B in 4 Years
    Tuesday, May 13, 2008 - The Australian government will start taxing some condensate production by removing the fuel's current exemption from a crude oil excise, Treasurer Wayne Swan announced Tuesday.
    Exxon: Alaska Should Pay $800M Over Point Thomson
    Tuesday, May 13, 2008 - Oil companies say Alaska breached a deal when it revoked gas and oil leases on a North Slope oil field and should pay $800 million in damages.
    Petrobras to Start Long-Term Test at Tupi in March 2009
    Tuesday, May 13, 2008 - Petrobras will start a long-term production test at its giant Tupi field in March 2009, Chief Financial Officer Almir Barbassa said in a conference call Tuesday.
    Market Lauds EnCana Co Split; Shares Jump, Analysts Upgrade
    Monday, May 12, 2008 - EnCana's shares staked out a new high Monday as the market responded immediately and positively to the decision of Canada's biggest energy producer to split into two.
    Uganda, Congo Agree to Finance Border Resurvey in Oil Region
    Monday, May 12, 2008 - Uganda and Congo have agreed to finance the resurveying of their common border in the oil-rich Lake Albert basin as the two seek to end the current border dispute.
    YPFB Expects Problems with Nationalized Assets   [5/12/2008]
    Ecuador Wary of World Bank Arbitration in Occidental Case   [5/12/2008]
    Kashagan Consortium May Delay Production Phase to 2012/2013   [5/12/2008]
    UAE Oil Min: OPEC Has No Plans for Emergency Meeting So Far   [5/12/2008]
    more Industry Headlines articles >>  
    Exploration
    StatoilHydro Makes Two New Discoveries in Oseberg
    Tuesday, May 13, 2008 - StatoilHydro has discovered hydrocarbons in two wells in the Oseberg area in the Norwegian offshore sector of the North Sea.
    Cubic Schedules Haynesville Shale Drilling and Completions
    Monday, May 12, 2008 - Cubic Energy, Inc. announces it plans to drill two new wells to the Haynesville Shale in the Company's northwest Louisiana acreage. The anticipated total depth of each well is 12,000 feet.
    Antrim Confirms Successful Drilling Operations at Fyne
    Monday, May 12, 2008 - The Fyne appraisal well 21/28a-9 was, as planned, drilled with three legs, one pilot hole and two sidetracks into the Eocene Tay Formation.
    Gulf of Guinea Energy Spuds Uquo Appraisal/Development Well
    Monday, May 12, 2008 - Gulf of Guinea Energy Limited announced the spudding of the first of two back-to-back appraisal/development wells in the Uquo field, within the Eastern Niger Delta, onshore Nigeria.
    Momoho Offshore Taranaki to be Drilled Soon
    Monday, May 12, 2008 - New Zealand Oil & Gas reported that the drilling of the Momoho exploration well, contained within the Kupe Permit 38146 in offshore Taranaki, is scheduled to begin drilling with Ensco 107 in late May.
    3D Oil Spuds Wardie-1 Offshore Victoria   [5/12/2008]
    Toreador Drills Szolnok Well, Targets Potential Gas Reservoir   [5/12/2008]
    EnCore Reaches TD on Cobra Appraisal Well   [5/12/2008]
    Dana Makes Oil Discovery at East Rinnes   [5/12/2008]
    Faroe Begins Drilling Topaz Well   [5/12/2008]
    more Exploration articles >>  
    Production
    Tap Oil: Woolybutt Production Remains Shut-In
    Monday, May 12, 2008 - Every effort is being made to return the facility to production as rapidly as possible but only when we are confident of its safety.
    Contango's Mary Rose #2 Tests at 29 Mmcfe/d
    Monday, May 12, 2008 - The Company's Mary Rose #1 and #3 wells are currently producing at a combined 8/8ths rate of approximately 107 Mmcfe/d, while its three Dutch wells are currently producing at a combined 8/8ths rate of approximately 79 Mmcfe/d.
    Leni Appoints IPC for Field Development of Spanish Assets
    Monday, May 12, 2008 - Leni Gas & Oil announces that TRACS International has been appointed as technical engineering supplier for the Company's Spanish assets, which includes the producing Ayoluengo onshore oilfield.
    Oil Search Signs Kurdistan PSC
    Monday, May 12, 2008 - Oil Search Limited announced that it has signed a Production Sharing Contract (PSC) for the 632 square kilometer Shakal Block with the Kurdistan Regional Government (KRG) in Iraq.
    Northern's Operational Highlights for 2007 Include Increase in Reserves
    Monday, May 12, 2008 - The company increased P2 reserves by 26.5% year on year to 76.55 million boe, a fifth successive year of increase, with reserves now in each of the Group's three core areas.
    North West Shelf LNG Confirms Sales Agreement with Osaka Gas   [5/9/2008]
    more Production articles >>  
    Finance and Investing
    Contango Reports Net Income of $112.4 Million for Q1
    Monday, May 12, 2008 - The results include approximately $69.0 million of discontinued operations related to the sale of our Arkansas Fayetteville Shale properties.
    Energy XXI: Exchange Offer for Warrants to Purchase Common Shares
    Monday, May 12, 2008 - Energy XXI (Bermuda) Limited announced a warrant tender offer to exchange its outstanding 77,264,872 warrants to purchase common shares for common shares and or a combination of common shares and cash.
    Toreador More Than Doubles Q1 Revenues for 2008
    Monday, May 12, 2008 - Toreador Resources Corporation announced first quarter 2008 revenues more than doubled to approximately $14.0 million from $6.8 million in the same period last year.
    RXT Releases Q1 Results for 2008
    Friday, May 09, 2008 - EBITDA for the quarter was USD 4.0 million, compared to 14.4 million in Q4 2007 and minus 3.5 million in Q1 2007. Revenues were USD 31.6 million compared to 36 million in Q4 2007 and 8.4 million in Q1 2007.
    Survey Says Execs Believe Oil Will Fall Below $100
    Friday, May 09, 2008 - Oil and Gas executives say that the price-per-barrel of oil will drop significantly from the current high level by the end of the year, according to the results of a survey conducted by KPMG LLP's Global Energy Institute.
    VAALCO Energy Announces First Quarter 2008 Earnings   [5/9/2008]
    more Finance and Investing articles >>  
    Company Operations
    Aker Solutions Expands RapidSolution Well Set Program
    Tuesday, May 13, 2008 - Due to high demand, Aker Solutions has decided to double the size of its RapidSolution well set program.
    BP Migas: Land Acquisitions Lead to Dec. 2008 Production for Cepu
    Monday, May 12, 2008 - Cepu is expected to pump 20,000 barrels of oil per day in its maiden production. The block may produce 165,000 bpd at its peak, which will add national oil production significantly.
    Sechin, Naryshkin Appointed to Rosneft Board of Directors
    Monday, May 12, 2008 - Chairman of Rosneft Board of Directors Igor Sechin was appointed Deputy Prime Minister of the Russian Federation. Member of Rosneft Board of Directors Sergey Naryshkin was appointed Head of Staff of the Russian President's Executive Office.
    Helix Breaks Ground on New South Texas Spoolbase Facility
    Monday, May 12, 2008 - The facility will be constructed on the La Quinta Channel in Ingleside, Texas, 15 miles east of Corpus Christi.
    Uplogix Expands into West Africa with UnoTelos Partnership
    Monday, May 12, 2008 - Uplogix announced its partnership with Lagos-based UnoTelos to deliver its fully-integrated remote management platform to help Nigerian-based oil and gas companies address management challenges across highly dispersed remote locations.
    New Well Management Approach Completes First Subsea Well   [5/12/2008]
    Nido: FPSO On-Site at Galoc   [5/12/2008]
    Exxon Neftegas Terminates Murmanskaya Contract, Husky Signs LOI   [5/12/2008]
    Salamander Expands Portfolio with Working Interests, Acquisitions   [5/12/2008]
    FMC Technologies Appoints Beyersdorfer Treasurer   [5/12/2008]
    Pan Orient Announces Indonesian Acquisitions   [5/12/2008]
    T-3 Receives Largest Pressure Control Systems Order   [5/12/2008]
    Island Sells Netherland Assets to Delta Hydrocarbons   [5/12/2008]
    BG Group Updates Proposal to Acquire Origin Energy   [5/12/2008]
    EnCana to Create Two Calgary-Headquartered Energy Companies   [5/12/2008]
    more Company Operations articles >>  



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