Friday, March 19, 2010 - Block 17 has helped make Angola the largest crude oil producer in Africa. Rigzone highlights the field developments in this prolific offshore area.
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Most Popular News
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Industry Headlines
Oil Slips toward $80 Threshold on Stronger Dollar, India
Friday, March 19, 2010 - NYMEX crude tumbled nearly 2% Friday as a stronger greenback and surprising financial move in India spurred traders away from risky commodities.
Analysis: Zeroing in on Angola's Block 17
Friday, March 19, 2010 - Block 17 has helped make Angola the largest crude oil producer in Africa. Rigzone highlights the field developments in this prolific offshore area.
U.S. Govt Agency Exposes Faults in Key Oil Report
Friday, March 19, 2010 - The U.S. government faces "critical" shortcomings in producing its oil-inventory data, according to internal Department of Energy documents.
Baker Hughes: US Oil, Gas Rig Count Up 20 to 1,427 This Week
Friday, March 19, 2010 - The number of rigs drilling for oil and gas in the U.S. climbed this week as producers ramped up drilling activity despite sagging natural gas prices.
Conoco's Lukoil Divestiture Not Part of $10B Asset Sale
Friday, March 19, 2010 - ConocoPhillips will reportedly sell its stake in a Russian oil producer over the next few years, but the transaction is not part of its ongoing $10 billion asset sale.
Friday, March 19, 2010 - The Indian government Friday approved an investment of $2.18 billion during 2010-2015 by three state-run oil companies in Venezuela's Carabobo 1 oil block.
API: Hydraulic Fracturing Is Safe and Effective
Friday, March 19, 2010 - The API expects a new government study to confirm that hydraulic fracturing is a safe and well understood technology for producing oil and natural gas.
more Industry Headlines articles >>
Exploration
Friday, March 19, 2010 - Shell has made a significant new oil discovery at the Appomattox prospect, located in the deep waters of the eastern Gulf of Mexico.
Contango to Spud Prospect at Vermillion 155 Block
Friday, March 19, 2010 - Contango has taken a farm-in on block Vermillion 155 and expects to spud this prospect prior to month's end.
Mariner Strengthens Position in GOM, Bids on 45 Blocks
Friday, March 19, 2010 - Mariner Energy is the apparent high bidder on 45 blocks on which it bid at the U.S. Minerals Management Service Central Gulf of Mexico Lease Sale 213.
Triple Delight for Contango in GOM Lease Sale
Friday, March 19, 2010 - Contango announced that the Company's wholly-owned subsidiary, Contango Operators, was the apparent high bidder on three lease blocks at the Central Gulf of Mexico Lease Sale No. 213.
India Approves Award of 33 Oil and Gas Blocks
Friday, March 19, 2010 - The Indian government Friday approved the award of 33 oil and gas blocks nearly six months after the blocks were auctioned under NELP VIII.
LGI Secures Foothold in South American Oil Blocks
Friday, March 19, 2010 - LG International has concluded a strategic partnership agreement with Argentina's GEOPARK in a joint effort to acquire oil blocks in South America.
Friday, March 19, 2010 - AWE has reported a further delay to the drilling of the Hoki-1 exploration well, offshore New Zealand, by the Kan Tan IV drilling rig.
Petsec Scoops Up 8 Blocks in GOM
Friday, March 19, 2010 - Petsec Energy was the apparent high bidder on eight lease blocks at the Central Gulf of Mexico Lease Sale 213 held in New Orleans, Louisiana.
Apache to Follow-Up with HZ Wells in Elgin Area
Friday, March 19, 2010 - "We are very excited about Apache's plans to drill and fracture horizontal wells as follow-ups to the two previously drilled wells," said Norman Miller, Corridor's President.
Stone Energy Bids High for 11 Offshore Blocks in GOM
Friday, March 19, 2010 - Stone Energy announced the results of its participation in the Outer Continental Shelf Sale 213 held by the MMS in New Orleans covering available blocks in the central Gulf of Mexico.
Brinx Resources Spins Bit at Second OK Well
Friday, March 19, 2010 - Brinx Resources reported that drilling of a second well at the Company's successful OK-4 Oklahoma oil and gas exploration project has begun.
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Production
Primeline, CNOOC Ink Lishui Gas Development Agreements
Friday, March 19, 2010 - Primeline and CNOOC have signed various agreements setting out the basis on which CNOOC and Primeline will proceed with the development of the Lishui 36-1 gas field.
Saratoga Resources Touts $1.7B in Total Reserves
Friday, March 19, 2010 - Saratoga's President said, "We have been able to maintain our production levels and expect to exceed our projections by year-end. Field studies have yielded significant reserve adds and we now have a deep inventory of development options."
Edirne JV Completes Gas System in Turkey
Friday, March 19, 2010 - Otto Energy reported that the construction of the Edirne Gas Plant System has been completed with gas sales soon to commence.
TNK-BP Ramps Up Production in Orenburg
Friday, March 19, 2010 - TNK-BP's crude oil production in the Orenburg Region exceeded 3.1MM tonnes from January to February, representing a year-on-year growth of 11.4%.
Corridor Resources Highlights '09 Reserves
Friday, March 19, 2010 - Corridor Resources announced its 2009 year end reserves and contingent resources evaluations.
Thursday, March 18, 2010 - Technip has been awarded a frame contract for the Nord Stream project in the Baltic Sea, covering four tie-ins on the project's two parallel pipelines.
GL Noble Denton Offers New Pipeline Solution to Cut Costs
Thursday, March 18, 2010 - Pipeline operators can now reduce two main cost factors with GL Noble Denton's new software product "SynerGEE Liquid Transmission."
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Finance and Investing
Southern Pacific Takes Stakes in 2 Canadian Oil Blocks
Friday, March 19, 2010 - Southern Pacific Resource has signed a definitive agreement with its working interest partner, Bounty Developments, to acquire Bounty's entire 20% working interest in 59 sections of land in the McKay block.
Gulf United Energy Acquires Interest in Peruvian Blocks
Friday, March 19, 2010 - Gulf United Energy has entered into a participation agreement with Upland Oil and Gas, LLC Sucursal del Peru.
PMD Updates on Planned Acquisition of O&G Properties
Friday, March 19, 2010 - Plateau Mineral Development issued a statement providing details on the 28 wells that the company has obtained rights to via the impending acquisition of MEI.
San Juan Basin Royalty Trust Declares Cash Distribution
Friday, March 19, 2010 - San Juan Basin Royalty Trust declared a monthly cash distribution based principally upon production during the month of January 2010.
Gallic Energy Enters LOI to Purchase Canadian Properties
Thursday, March 18, 2010 - Gallic Energy has entered into a letter of intent agreement with Sahara Energy to negotiate the acquisition of Alberta and Saskatchewan properties and the assumption of Sahara's secured debt.
Xcite Closes Offering to Fund Bentley Field Development
Thursday, March 18, 2010 - Xcite Energy has successfully raised gross proceeds of C $38.4 million through its previously reported placing of new ordinary shares, principally to institutional investors.
more Finance and Investing articles >>
Company Operations
Ensco International Sells Jackup Rigs for $95MM
Friday, March 19, 2010 - Ensco International announced that subsidiaries of the Company have sold two jackup drilling rigs, ENSCO 50 and ENSCO 51.
Keppel, SOCAR Join Hands to Build New Azeri Shipyard
Friday, March 19, 2010 - Fortifying its presence in the Caspian Region, Keppel O&M has entered a joint venture to develop and manage a new shipbuilding and ship-repair facility in Azerbaijan.
Flowserve, Shell Successfully Test Subsea Multiphase Pump
Friday, March 19, 2010 - Flowserve, in partnership with Shell, has successfully completed factory testing of a twin-screw pump, designed specifically for high-boost subsea multiphase pumping applications.
Sterling Resources Transitions to New CEO
Friday, March 19, 2010 - Sterling Resources has accepted Stewart Gibson's desire to step down from the role of CEO and is pleased to announce the appointment of Mike Azancot as the Company's next President and Chief Executive Officer.
SwRI Offers New Deepwater Ocean Simulator
Friday, March 19, 2010 - A new hyperbaric test chamber for items that require high-pressure, high-temperature testing is now available for use at Southwest Research Institute (SwRI).
Schat-Harding Receives Design Excellence Award
Friday, March 19, 2010 - Schat-Harding received the distinction Award for Design Excellence 2010 from the Norwegian Design Council for its free-fall lifeboat, FF1200.
Baker Hughes, BJ Services Adjourn Stockholder Meetings
Friday, March 19, 2010 - At their respective special meetings of stockholders held today, Baker Hughes' stockholders and BJ Services' stockholders each voted to adjourn their meetings.
Kodiak O&G Welcomes New CFO
Friday, March 19, 2010 - Kodiak Oil & Gas has realigned its financial and accounting group.
Friday, March 19, 2010 - Integrated Environmental Technologies and Benchmark Performance Group jointly announced that Excelyte, has again been successfully used in a gas well fracturing treatment, this time in Pennsylvania's Marcellus Shale.
Hyperdynamics Gets 2nd MOU Extension from Guinea Govt
Friday, March 19, 2010 - Hyperdynamics has agreed in writing with the government of the Republic of Guinea to extend for an additional five working days their Memorandum of Understanding.
Gulf Island Marine to Build Offshore Support Vessels in Iraq
Friday, March 19, 2010 - Gulf Island Marine Fabricators received a LOI to participate as a sub-contractor in the construction of two 60-meter Offshore Support Vessels, which will be used to support the defense of offshore oil terminals in Iraq.
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