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Regional News: United States
 
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North Slope Worker Dies During Pipeline Inspection
Friday, November 20, 2009 - A North Slope worker was killed Wednesday when a pickup truck pinned him against a section of pipe, according to BP.

Analysis: Offshore BOP Companies Play It Safe
Friday, November 20, 2009 - According to the RigLogix team, Cameron leads the pack of BOP companies with approximately 422 BOPs working on offshore rigs.

Brinx, Partners Spy Additional Hydrocarbon Shows at OK Project
Friday, November 20, 2009 - Brinx Resources reports that the second well from the 09-2 Oklahoma Project drill program appears to be another new discovery well.

Enventure Unveils Newly Enhanced Virtual Technical Library
Friday, November 20, 2009 - Enventure Global Technology has enhanced its online technical library, a tool that shares the company's vast expandables knowledge.

EXCO Resources Declares Fourth Quarter Dividend
Friday, November 20, 2009 - EXCO Resources' Board of Directors declared a fourth quarter cash dividend of $0.025 per share payable on December 15, 2009 to holders of record on November 30, 2009.

  


Fluor, COOEC Form Offshore Alliance for Asia-Pacific O&G Projects
Friday, November 20, 2009 - Fluor has entered into a formal alliance with Offshore Oil Engineering Corporation Ltd. in the pursuit of large offshore oil & gas projects in the Asia-Pacific region including China and Australia.

IER: Technology Remains Key to Safe Offshore Energy Devt
Friday, November 20, 2009 - Over the past 50 years, the U.S. oil and gas industry has developed innovative, 21st century technologies and exploration techniques that are efficient, pose little threat to the environment, and ensure worker safety.

Schlumberger Reaches Subsea Control Reliability Milestone
Friday, November 20, 2009 - Schlumberger's subsea electronic control module has passed the historical milestone of more than a quarter million operational hours in the field with 100% reliability.

Scorpion Offshore Posts Financial Results for 1st Quarter 2010
Friday, November 20, 2009 - Scorpion Offshore's revenues for the first quarter 2010 totaled $107.9 million, including $4.9 million mobilization revenue and $3.8 million revenue booked as a reversal of a credit memo issued last quarter.

Baker Hughes: US Oil, Gas Rig Count Up 12 to 1,113 This Week
Friday, November 20, 2009 - The number of rigs drilling for oil in the U.S. climbed this week, but the gas rig total slipped as producers curbed output in response to low prices.

Market Report: Dollar Has Major Impact on Global Asset Prices
Thursday, November 19, 2009 - Are you worried that the dollar is falling because of our ballooning deficit or the fact that this country is printing money like there is no tomorrow? Well if the Fed is not worried maybe you shouldn't be either, says analyst Phil Flynn.

Marathon Reinforces Business Strategy, Plans for Growth
Thursday, November 19, 2009 - "Through a combination of well-executed exploration and selective acquisitions, Marathon has tripled the Company's resource base since 2001, with a resource life approaching 40 years," said David E. Roberts, Jr., executive vice president, Upstream.

Alaskan Delegation Presses Salazar on OCS Development
Thursday, November 19, 2009 - An Alaskan delegation has delivered a letter to Secretary of the Interior Ken Salazar urging him to finalize any necessary revisions to the current five-year plan for offshore oil and natural gas leasing in Alaska.

Blake International Creates New Crane Rental Division
Thursday, November 19, 2009 - Blake International USA Rigs has launched a new "Crane Rental Division" within the company. The Crane Division consists of 15 self erecting offshore platform cranes with sizes ranging from 15 tons to 37.5 tons.

BP, ConocoPhillips Reduce 2010 Spending Plans in Alaska
Thursday, November 19, 2009 - BP and ConocoPhillips have reduced their capital spending and developmental budgets for Alaska in 2010 because of higher costs to produce mature fields, disappointing exploratory results and the state's new tax regime, the companies said.

Helmerich and Payne Ends Fiscal Year with Huge Profit
Thursday, November 19, 2009 - Helmerich & Payne Incs fiscal year ended Sept. 30 with $353.5 million in profits, the Tulsa contract oil and gas driller reported Thursday.

Marine Petroleum Trust Reveals 4Q Cash Distribution
Thursday, November 19, 2009 - Marine Petroleum Trust has declared a quarterly cash distribution to the holders of its units of beneficial interest of $0.322823 per unit, payable on December 28, 2009, to unitholders of record on November 30, 2009.

Northern Offshore Waves Goodbye to CEO
Thursday, November 19, 2009 - Northern Offshore's president and CEO, Marion Woolie, has resigned from the company effective immediately.

Permian Basin Royalty Trust Declares November Distribution
Thursday, November 19, 2009 - Permian Basin Royalty Trust declared a cash distribution to the holders of its units of beneficial interest of $.082868 per unit, payable on December 14, 2009, to unit holders of record on November 30, 2009.

Statoil Confirms Closing of Horton Case
Thursday, November 19, 2009 - Statoil announced that the Deferred Prosecution Agreement the company entered into as a part of the settlement of the Horton case, has expired as scheduled.

API: U.S. Crude Oil Production Continues at Four-Year Highs
Thursday, November 19, 2009 - U.S. crude oil production for October averaged 5.36 million barrels per day, continuing at levels not seen since 2005, according to API's Monthly Statistical Report.

Williams Declares Common Dividend
Thursday, November 19, 2009 - Williams' board of directors has approved a regular dividend of $0.11 on the company's common stock, payable Dec. 28, 2009, to holders of record at the close of business on Dec. 11.

Wojtaszczyk Joins Bisso Marine as Subsea Services Project Manager
Wednesday, November 18, 2009 - Andy Wojtaszczyk has joined Bisso Marine as Subsea Services project manager, managing saturation diving and ROV operations.

Bisso Marine Names General Manager of Diving, Subsea Services
Wednesday, November 18, 2009 - Bisso Marine has promoted Glenn Posik to general manager of Diving and Subsea Services.

US Justice Dept Clears $980MM Cameron-Natco Deal
Wednesday, November 18, 2009 - Cameron has reached an agreement with the Department of Justice that will allow the Company to close on its previously announced acquisition of NATCO Group Inc.

Chevron Drops Plans for Inlet Exploration
Wednesday, November 18, 2009 - Chevron has dropped a program to develop more oil from aging Cook Inlet oil fields and plans to reduce its Alaska Cook Inlet production workforce by 10 percent.

Enterprise Increases Capacity of Haynesville Extension Project
Wednesday, November 18, 2009 - Enterprise Products Partners and Duncan Energy Partners have received additional firm transportation commitments sufficient to support an increase in the capacity of its recently announced Haynesville Extension project.

Coreworx Introduces Interface Management Offshore Solution
Wednesday, November 18, 2009 - Fluor worked with Coreworx to develop the next generation product to improve upon their existing proven software, IMpart, and become an integrated part of the Fluor global project template.

Marathon Oil Approves Increase in Exchangeable Share Ratio
Wednesday, November 18, 2009 - Marathon Oil's board of directors declared a dividend of 24 cents per share on Marathon Oil Corporation's common stock.

Skymira Delivers New Monitoring Solution for Field Technicians
Wednesday, November 18, 2009 - Skymira's latest solution provides field technicians with real-time operating status of remotely located equipment under their care while operating in some of the roughest terrain imaginable.

Smith International Prices Public Offering
Wednesday, November 18, 2009 - Smith International has priced its previously announced public offering of 28,000,000 shares of its common stock at $26.50 per share.

Pickens Increases Holdings in Natural Gas Producers
Wednesday, November 18, 2009 - T. Boone Pickens, the billionaire energy investor, increased stakes in U.S. natural-gas producers and added companies such as McMoRan Exploration Co. and SandRidge Energy Inc. to his portfolio.

MMS Disburses $10.68 Billion in FY 2009
Wednesday, November 18, 2009 - The Department of the Interior's MMS has disbursed more than $10.68 billion in Fiscal Year 2009 from revenues collected from energy and mineral production on Federal and American Indian lands, including production from the Outer Continental Shelf.

Scorpion's First Jackup Wins Top Honors from Shell
Wednesday, November 18, 2009 - The Offshore Courageous, Scorpion's first jackup, has been named the Shell International E&P Jackup Rig of the Year.

Trans Energy Begins Drilling 3rd HZ Marcellus Shale Well
Wednesday, November 18, 2009 - Trans Energy has begun drilling the Whipkey No.1H well in Marshall County, West Virginia. The Whipkey No.1H will be drilled and completed horizontally in the Marcellus shale.

Market Report: Offline Gulf Production Impacts API Report
Wednesday, November 18, 2009 - Tropical Storm Ida may have had more of an impact on the weekly American Petroleum Institute report than she will in the big energy picture.

XTO Energy Declares Quarterly Dividend
Wednesday, November 18, 2009 - XTO Energy has declared a quarterly cash dividend of 12.5 cents per share on the Company's outstanding Common Stock payable January 15, 2010 to stockholders of record at the close of business on December 31, 2009.

Brinx, Partners Initiate Drilling of 2 More Wells at Oklahoma Project
Tuesday, November 17, 2009 - Brinx Resources reported that the drilling of two new wells at the 2009-3 Oklahoma Project has commenced.

Deep Down Posts Lower Revenues of $8.4MM for Third Quarter
Tuesday, November 17, 2009 - Deep Down's revenues for the third quarter of 2009 were $8.4 million, compared to $11.7 million for the third quarter of 2008, for a 28% decrease.

Market Report: Federal Reserve Inflates Value of Commodities
Tuesday, November 17, 2009 - Despite the fact that Fed Chairman Ben Bernanke said that the Fed had their eye on the dollar and that they would support the dollar if necessary, the message the market got was low rates for the foreseeable future.

Flotek's 3Q Revenues Hit by Declines in Oilfield Activity
Tuesday, November 17, 2009 - Flotek Industries has reported financial and operating results for the third quarter and first nine months of 2009. Consistent with declines in oilfield activity, total revenue for the third quarter of 2009 was $23.8 million.

Friendly Energy Achieves Operator Status
Tuesday, November 17, 2009 - Friendly Energy has completed the final requirements to acquire its operator's license and has passed the final site inspection for the Panther Creek Prospect.

Fugro Acquires Major 3D Seismic Project Offshore Alaska
Tuesday, November 17, 2009 - Fugro-Geoteam will acquire and process 2400 square kilometers of 3D marine seismic around Statoil's leases in the Chukchi Sea.

Oil Supply Set to Grow Through 2030 with No Peak Evident
Tuesday, November 17, 2009 - Global oil productive capacity will grow though 2030 with no evidence of a peak of supply before that time, according to a new report by IHS Cambridge Energy Research Associates based on analysis of more than 10,000 projects around the globe.

Idle Pumps Not a Sign That Things Are Bad in OK Oil Industry
Tuesday, November 17, 2009 - Has the oil business slowed down in Oklahoma? Not so fast jumping to that conclusion. While there may be some pumps idled on the side of the road, that isn't a sign things are bad in the industry, said Enid oilman Lew Ward.

Mainland Clinches Funding for Purchase of Mississippi Shale Acreage
Tuesday, November 17, 2009 - Mainland Resources announced the closing and receipt of $3.2 million to complete the purchase of the 8,225 net oil and gas lease acres covering the Mississippi Project and to pay off their previous bridge loan with Guggenheim.

El Paso Taps MSI for Buried Array Program in Haynesville Shale
Tuesday, November 17, 2009 - MicroSeismic has been awarded a contract for a Buried Array microseismic monitoring program in the Haynesville Shale by the El Paso Corporation.

NOV's Board Approves Special Cash Distribution
Tuesday, November 17, 2009 - National Oilwell Varco's Board of Directors has approved a special one-time cash dividend of $1.00 per share of common stock.

Energy Endeavour Continues Drilling Ops for Maersk Oil & Gas
Tuesday, November 17, 2009 - Northern Offshore's subsidiary, Energy Offshore Ltd, was awarded an extension of its ongoing drilling services contract with Maersk Oil and Gas for the jackup Energy Endeavour.

Devon Raises the 'Big Oil' Question
Tuesday, November 17, 2009 - Not-quite-as-big oil doesn't sound as impressive as the industry's usual nickname. But Devon Energy is the latest energy producer to decide smaller is better, and with good reason.

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