Monday, February 08, 2010 - ExxonMobil has successfully drilled and cased PTU-15, the first development well for the Point Thomson project on Alaska's North Slope.
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Industry Headlines
Oil Climbs Above $71 on Weather, Geopolitical Tensions
Monday, February 08, 2010 - Reversing a steep sell off, U.S. crude oil futures saw an uptick in trading Monday as concerned investors abandoned the dollar's safe havens to bet on riskier markets.
Monday, February 08, 2010 - "Unless we eliminate the outside factors that affect the oil price we will live with volatility for another two or three years," said Abdalla El-Badri, OPEC's Secretary General.
Kuwait's SPC Meets as Major Projects Await Green Light
Monday, February 08, 2010 - Kuwait's top oil-decision making body meets Monday for the first time since December 2008 as multibillion-dollar oil and gas projects continue to await their official green light.
Monday, February 08, 2010 - ExxonMobil has successfully drilled and cased PTU-15, the first development well for the Point Thomson project on Alaska's North Slope.
Monday, February 08, 2010 - The National Energy Board will hold a written hearing to review its policy on same season relief well capability for oil and gas drilling operations in the Beaufort Sea.
AGCC Launches 12th Oil & Gas Survey
Monday, February 08, 2010 - The 12th Aberdeen & Grampian Chamber of Commerce Oil and Gas Survey, sponsored once again by leading law firm McGrigors LLP, has been launched today.
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Exploration
Tuesday, February 09, 2010 - Husky Oil China has made its third significant gas discovery on Block 29/26 in the South China Sea.
Tuesday, February 09, 2010 - Ascent Resources' subsidiary PetroHungaria has commenced the drilling of the PEN-101 well, part of the Penszlek Project in eastern Hungary.
Det Norske Drills a Duster at PL 476 in North Sea
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Tuesday, February 09, 2010 - Pacific Rubiales announced a new oil discovery at the Quifa-6 well, and another successful appraisal well on Prospect "E", within the Quifa Block located in the Llanos Basin of Colombia.
Alange Hits Paydirt at Cubiro Block Onshore Colombia
Tuesday, February 09, 2010 - Alange Energy reported that the Barranquero-1 well, drilled to explore the prospectivity of the Carbonera C-7 formation in Polygon B of the Cubiro Block, found 15 feet of net oil sand.
Elixir Snaps Up Unconventional Gas Play Onshore France
Monday, February 08, 2010 - Elixir Petroleum has agreed to acquire the large Moselle Permit located in the East Paris Basin, onshore Northeastern France.
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Production
Jacobs Joins ExxonMobil's Hawkins Project in Texas
Tuesday, February 09, 2010 - Jacobs will provide construction services for ExxonMobil's major enhanced oil and gas recovery project at the Hawkins Field in Texas.
Tuesday, February 09, 2010 - The Browse JV has selected the Western Australian Government's Browse LNG Precinct at James Price Point as the location to process gas from the venture's Browse Basin gas fields.
Tuesday, February 09, 2010 - Coastal Energy has provided an update for its Songkhla field operations in the Gulf of Thailand.
Long Lake Project Sees Increasing Bitumen Production
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Range: Smith #1 Nears First Production in Texas
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C & C Completes GOM Pipeline Inspection Using SAS Technology
Monday, February 08, 2010 - C & C has completed its second successful contract for a major oil company utilizing Synthetic Aperture Sonar (SAS) technology to assess the integrity of pipeline structures in the Gulf of Mexico.
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Finance and Investing
Noble OKs Proposals for Total Capital Reduction Payments
Tuesday, February 09, 2010 - "Our strong cash flow, solid balance sheet and backlog, combined with confidence in the long-term favorable fundamentals of our business encouraged our Board to approve this return of value to shareholders," said Noble CEO David W. Williams.
Nabors Expects 4Q Results to Modestly Exceed Estimates
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Monday, February 08, 2010 - Canacol Energy has tagged a $46 million capital budget in 2010 for exploration and development activities in Colombia, Guyana, and Brazil.
Chaparral Energy Commences $400MM Private Placement
Monday, February 08, 2010 - Chaparral Energy has commenced a private placement offering of an aggregate principal amount of $400 million of senior notes.
Endeavour Closes Lending Facility with Bank of Scotland
Monday, February 08, 2010 - Endeavour has closed a new $25 million lending facility with Bank of Scotland PLC.
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Company Operations
Helix, Clough Team Up for Asia Pacific Subsea Services
Tuesday, February 09, 2010 - Helix Energy Solutions Group announces the formation of a joint venture with Australian based engineering and construction company Clough Limited.
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Teekay, Det Norske to Develop North Sea Export Solution
Tuesday, February 09, 2010 - Teekay and Det norske have signed a cooperation agreement to jointly develop further the Teekay FlexShuttle concept, a patented export solution for advanced future offshore operations.
Tuesday, February 09, 2010 - MSi has completed integration and deployment of its subsea simulation system, which is being used by Shell engineers to model operation of the Perdido project in the Gulf of Mexico.
Tuesday, February 09, 2010 - Ferguson Modular has awarded a contract for refit and refurbishment work on its new accommodation support vessel to Ferguson Shipbuilders in Scotland.
Chevron to Deploy Halliburton's OpenWorks System
Tuesday, February 09, 2010 - Landmark Software and Services signed a major contract with Chevron Energy Technology Company for the global deployment of the OpenWorks R5000 data management system.
AGR Inks MGSA with ConocoPhillips Australia
Tuesday, February 09, 2010 - AGR Asia Pacific and ConocoPhillips Australia have entered into a long term Master Goods and Services Agreement for the provision of Professional Engineering Services and Support.
GeoQuasar Touts ARKeX's Technology in Brazil, Mexico
Tuesday, February 09, 2010 - ARKeX has entered into an agreement which will see GeoQuasar Energy Solutions act as ARKeX's representative in Brazil and Mexico.
Tuesday, February 09, 2010 - DOF Subsea UK has been awarded a contract by Technip for the provision of a light construction vessel to operate offshore Angola.
Crowley Appoints Executives for Puerto Rico/Caribbean Group
Tuesday, February 09, 2010 - Crowley's Puerto Rico/Caribbean liner services group has announced two management appointments for vice president, marine & terminal operations and vice president, Caribbean Island services.
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