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Friday, July 03, 2009 - Turkish officials confirmed Friday that a key intergovernmental agreement on the European Union's Nabucco gas pipeline will be signed July 13 in Ankara.
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Industry Headlines

Turkey Confirms Nabucco Pipeline Deal to Be Signed in July
Friday, July 03, 2009 - Turkish officials confirmed Friday that a key intergovernmental agreement on the European Union's Nabucco gas pipeline will be signed July 13 in Ankara.
Total, CNPC Mulling Bid for Two Venezuela Oil Blocks
Friday, July 03, 2009 - Total and CNPC plan to bid for two large oil blocks being auctioned in Venezuela instead of one the two companies had previously shown interest in acquiring.
OPEC Sees Crude Price Best at $68 to $71/Barrel
Friday, July 03, 2009 - Angolan Oil Minister and OPEC president Jose Maria Botelho de Vasconcelos said Friday a crude oil price of $68 to $71 a barrel was the best price for a stable industry.
OPEC and IEA Agree Not to Disagree: A Good Omen for the Industry
Friday, July 03, 2009 - Usually at odds on major issues, OPEC and the IEA agree that the world of energy today increasingly appreciates that wide scale speculation in oil markets carries tremendous risks.
Polish President Plays Down Azerbaijani-Russian Gas Deal
Friday, July 03, 2009 - President Lech Kaczynski, commenting on the Russian-Azerbaijani gas deal signed a few days ago, said that in view of small quantities involved it is of a symbolic nature.
OPEC's Oil Price Takes a Hit, Settles at $67
Friday, July 03, 2009 - OPEC's oil price plunged by $2.22 Thursday, the group said Friday, as the United States and the European Union reported rising jobless rates.

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Exploration

Antrim Aces Block 21/24b in UK North Sea Licensing Round
Friday, July 03, 2009 - Antrim has been offered Block 21/24b in the UK North Sea as part of the 25th Seaward Licencing Round.
Petrominerales Moves on from Chiguiro Este-1 Well Onshore Colombia
Friday, July 03, 2009 - Petrominerales announced that the Chiguiro Este-1 exploration well in Colombia is to be abandoned.
Transocean Shelf Explorer Starts Drilling on Veninsky Block
Thursday, July 02, 2009 - The Transocean Shelf Explorer jackup started drilling on the Veninsky Block at the Sakhalin-3 project as part of a scheduled drilling program of two exploration wells.
Deadline for Jordan Oil Exploration Bids Ends Today
Thursday, July 02, 2009 - The deadline for international and regional companies to submit bids for oil exploration blocks in the northern and central regions of Jordan ends today.
TAG Oil Snaps Up Remaining Interest in Taranaki Basin Acreage
Thursday, July 02, 2009 - TAG Oil's binding offer to acquire Austral Pacific Energy's 66.67% interest in the 7,910 acre exploration permit PEP 38748 has been accepted. TAG will now control 100% of this Permit.
Belarus-Venezuela Joint Venture Gets Three Oil Wells
Thursday, July 02, 2009 - An act of the Venezuelan Oil and Energy Ministry assigning three new oil wells to the Belarusian-Venezuelan joint oil extraction venture, Petrolera BeloVenesolana, has been signed in Minsk.

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Production

Indonesia Conducts First Gas Delivery to South Korea
Friday, July 03, 2009 - Indonesia has carried out the first shipment of natural liquefied gas from the Tangguh block in Papua, easternmost of the country, to South Korea, Mines and Energy Minister Purnomo Yusgiantoro said Friday.
Turkmenistan Begins Oil Production in the Karakum Desert
Friday, July 03, 2009 - On June 29, the first oil was shipped from Turkmenistan's Yylakly field in the Central Karakum to the Turkmenbashi complex of oil refineries.
Chevron Celebrates First Oil from Mafumeira Norte Off Angola
Thursday, July 02, 2009 - Chevron's subsidiary Cabinda Gulf Oil Company Limited and its partners commenced crude oil production ahead of schedule from the Mafumeira Norte project located offshore Angola.
OPEC's Oil Output Edges Higher for 3rd Consecutive Month
Thursday, July 02, 2009 - OPEC's crude oil output edged higher for a third consecutive month in June, a survey by Dow Jones Newswires showed Thursday, as members further loosened their grip on production quotas to benefit from higher crude prices.
Russia Offers Turkey Cooperation on South Stream Gas Project
Thursday, July 02, 2009 - Russia has offered Turkey cooperation within the framework of the South Stream gas project, according to Russia's Deputy Prime Minister Igor Sechin.
Finland Wants Additional Analysis on Nord Stream Pipeline
Thursday, July 02, 2009 - A Finnish environmental agency gave cautious approval to the prospective Nord Stream gas pipeline Thursday, but asked for more studies to be done.

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Finance and Investing

Cirrus Secures Financing for M7-A, L8-D Projects Offshore Netherlands
Friday, July 03, 2009 - Cirrus signed an Amendment and Restatement Agreement relating to the Secured Revolving Borrowing Base Facility Agreement, the debt facility of which will fund the remaining development costs to bring both the M7-A and L8-D fields into production.
SBM Offshore Finalizes Project Loan, Offshore Projects
Thursday, July 02, 2009 - SBM Offshore finalized a $350 million Canadian project loan agreement and has delivered an offshore platform for Chevron Corp. in Brazil, it said Thursday.
Petrobras Reopens Global Notes Due 2019, Raises Total of $2.75B
Thursday, July 02, 2009 - Petrobras has reopened 7.875% Global Notes due March 15, 2019, which will add $1.25 billion to the $1.5 billion originally issued on February 11, 2009 at a yield to investor of 8.125%.
Venoco Commences Cash Tender Offer, Solicits Consents for 2011 Notes
Thursday, July 02, 2009 - Venoco has commenced a cash tender offer to purchase any and all of its outstanding 8 3/4% Senior Notes due 2011, of which $150 million in aggregate principal amount was outstanding as of July 2, 2009.
KBR Declares Quarterly Cash Dividend
Wednesday, July 01, 2009 - KBR's board of directors has declared a quarterly cash dividend of five cents per share on the company's common stock, payable October 15, 2009.
Cubic Energy Added to Russell 3000 Index
Wednesday, July 01, 2009 - Cubic Energy announced the Company's recent inclusion into the Russell 3000 Index.

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Company Operations

PetroVietnam to Set Up Oil JV for Devt Offshore Venezuela
Friday, July 03, 2009 - PetroVietnam confirmed that it will set up an oil joint venture with Venezuelan Petroleum Corp. to produce oil in the Junin-2 offshore block.
Seadrill Sells West Ceres Jackup to Middle East Drilling Co.
Friday, July 03, 2009 - Seadrill has exercised its right to repurchase the jackup drilling rig West Ceres, and has entered into a MOU to sell the rig to a reputable Middle East drilling company.
EnerMech Named Sole Norwegian Agent for Liebherr's Offshore Crane Unit
Friday, July 03, 2009 - EnerMech AS has been appointed sole Norwegian agent for the global crane manufacturer Liebherr Group.
Petro Andina's Board Rejects Pluspetrol's Offer
Friday, July 03, 2009 - Petro Andina announced that its Board of Directors unanimously recommends that shareholders reject Pluspetrol's unsolicited offer to acquire Petro Andina.
Canadian Superior Receives Notice from BG International
Friday, July 03, 2009 - Canadian Superior has received from BGI a notice of election regarding BGI's right of first refusal in respect of the agreement of purchase and sale between Canadian Superior and Centrica Resources.
Profound Energy Welcomes New Board Members, Elects New CEO
Friday, July 03, 2009 - Joining Profound's board of directors are Susan Riddell Rose, Donald Nelson, Randall Johnson, Cameron Sebastian and Robert Maitland. Additionally, Susan Riddell Rose has been appointed as Profound's new President and Chief Executive Officer.
Bonterra Oil & Gas Snaps Up Cobalt Energy
Friday, July 03, 2009 - Bonterra Oil & Gas has completed the acquisition of Cobalt Energy.

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