http://news.rigzone.comThe latest upstream oil and gas news from around the world.Copyright 2010 Rigzone.com Inc. All rights reserved.http://www.rigzone.com/images/logo_rigz_131x20.gifhttp://www.rigzone.com/news/13120http://www.rigzone.com/news/article.asp?a_id=87280&rss=trueUnderpinned by broader financial markets, crude oil futures climbed above $74 as investors continued to buy into riskier asset classes instead of seeking safe haven in the U.S. currency.Tue, 09 Feb 2010 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=87274&rss=trueAccording to a Penn State University study, shale development activity is expected to generate approximately $603 million in state and local tax revenues this year alone.Tue, 09 Feb 2010 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=87273&rss=trueFederal regulators have denied a request by U.S. oil major ConocoPhillips to build a system of bridges to expand oil drilling on Alaska's North Slope, saying the project would harm aquatic wildlife.Tue, 09 Feb 2010 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=87257&rss=trueGhana has blocked the $4 billion sale of a stake in a huge oil field, foiling months of talks between potential buyer ExxonMobil and the stake's owner, Kosmos Energy.Tue, 09 Feb 2010 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=87256&rss=trueOPEC will call for further compliance before considering any output cut if oil falls below $70 a barrel.Tue, 09 Feb 2010 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=87255&rss=trueMarathon Oil has completed the sale of a 20% undivided working interest in Angola Block 32 to Sonangol's wholly owned subsidiary.Tue, 09 Feb 2010 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=87214&rss=trueHelix Energy Solutions Group announces the formation of a joint venture with Australian based engineering and construction company Clough Limited.Tue, 09 Feb 2010 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=87213&rss=trueHusky Oil China has made its third significant gas discovery on Block 29/26 in the South China Sea.Tue, 09 Feb 2010 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=87212&rss=trueReversing 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.Mon, 08 Feb 2010 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=87185&rss=true"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.Mon, 08 Feb 2010 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=87140&rss=trueHyundai Heavy Industries has secured a $1.1 billion tender to build the Goliat FPSO for Eni Norge.Mon, 08 Feb 2010 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=87139&rss=trueKuwait'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.Mon, 08 Feb 2010 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=87123&rss=trueThe 12th Aberdeen & Grampian Chamber of Commerce Oil and Gas Survey, sponsored once again by leading law firm McGrigors LLP, has been launched today.Mon, 08 Feb 2010 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=87122&rss=trueThe 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.Mon, 08 Feb 2010 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=87104&rss=trueRigzone takes a closer look at activities offshore Norway, with an analysis of the the rigs capable of working in this market as well as a discussion of some of the field developments in this sector of the North Sea.Fri, 05 Feb 2010 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=87103&rss=trueWith the oil markets zeroing in on less-than-stellar gasoline demand, the price of light, sweet crude oil for March delivery continued its steep decline from record highs near $80 to settle down more than $2 today at $71.19 a barrel.Fri, 05 Feb 2010 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=87101&rss=trueThe worldwide rig count for January 2010 was 2,773, up 264 from the 2,509 counted in December 2009 and down 201 from the 2,974 counted in January 2009.Fri, 05 Feb 2010 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=87100&rss=trueShell has denied it plans to sell major Nigerian assets in the coming months, a Nigerian minister said Friday. Fri, 05 Feb 2010 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=87099&rss=trueA consortium led by Russian gas producer Gazprom has decided to delay startup of the huge Arctic gas condensate development Shtokman by three years to 2016.Fri, 05 Feb 2010 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=87092&rss=trueEnergy Secretary Steven Chu joins industry leaders, government officials and renowned economists scheduled to address the world's premier energy conference March 8-12 in Houston.Fri, 05 Feb 2010 00:00:00 GMT