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Wednesday, May 16, 2012 - A new report indicates Pennsylvania's regulatory approach has been effective at maintaining a low probability of serious environmental events and in reducing the frequency of environmental violations.
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Industry Headlines
Crude Down 1.2% to New 2012 Low of $92.81 A Barrel
Wednesday, May 16, 2012 - Crude-oil prices fell 1.2% to a fourth-consecutive 2012 low at $92.81 a barrel Wednesday, as U.S. crude inventories stood at a 22-year high.
Wednesday, May 16, 2012 - Total announces that 12 hours after beginning a mud-pumping operation on a well at its Elgin complex the gas leak has finally been stopped.
Wednesday, May 16, 2012 - Two junior O&G explorers are currently examining the potential of pre-salt hydrocarbon plays away from Brazil's Santos Basin, where large amounts of good quality oil have been found in recent years.
Wednesday, May 16, 2012 - Surging production from U.S. shale gas and tight sand basins is contributing to demand for transmission pipeline and storage capacity.
Wednesday, May 16, 2012 - A new report indicates Pennsylvania's regulatory approach has been effective at maintaining a low probability of serious environmental events and in reducing the frequency of environmental violations.
Energy Independence Is No Longer Just A Pipe Dream
Wednesday, May 16, 2012 - Now this once-sleepy chunk of north-central Pennsylvania is a star on the map of an emerging national energy rush.
Wednesday, May 16, 2012 - Repsol YPF has filed a lawsuit against Argentina in a court in New York after the country nationalized the company's local unit.
Two Workers Injured at Oil Services Site Blast In Texas
Wednesday, May 16, 2012 - Two workers were injured Wednesday following an early morning explosion and fire at an oil field services company site in Nixon, Texas, according to news reports.
Companies Weigh Early Shale Gas Investment Rush
Wednesday, May 16, 2012 - BHP Billiton, BP, Total and Shell are weighing up early stage investments in Australia's shale gas sector in a bid to secure acreage before assets become too expensive.
Wednesday, May 16, 2012 - Rigzone takes a tour of the Cape T Class ship Cape Texas.
Shell: Incentives Needed To Reach Brazil's Local-Content Targets
Wednesday, May 16, 2012 - The Brazilian unit of Shell is calling for a system of incentives to help companies reach local-content requirements in Brazilian O&G production projects, Shell Brasil's Chief Executive Andre Araujo said.
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Exploration
Fifth Tanzanian Gas Discovery for BG Group
Wednesday, May 16, 2012 - BG Group makes gas discovery with its Mzia-1 exploration well offshore Tanzania.
Genel Energy Takes Chance with Another Stake in Kurdistan
Tuesday, May 15, 2012 - Genel Energy, the company headed by the former BP chief executive Tony Hayward, is expanding its operations in Kurdistan.
Statoil Hands Over Vilje Reins to Marathon
Wednesday, May 16, 2012 - Statoil transfers operatorship of the Vilje field in the North Sea to Marathon Oil Norge.
Petrolia Scoops Up Gaspesia Permits
Tuesday, May 15, 2012 - Petrolia announced it just obtained from the Ministry of Natural Resources and Wildlife two new drilling permits in Gaspesia.
PSA Grants Consent for BP's Polar Pioneer Plans
Tuesday, May 15, 2012 - BP receives consent from the Petroleum Safety Authority Norway to use the mobile Polar Pioneer drilling facility to drill exploration well 6507/3-9.
Scarabeo 8 Cleared for Drilling Offshore Norway
Tuesday, May 15, 2012 - The Petroleum Safety Authority granted Saipem an Acknowledgement of Compliance (AoC) for the Scarabeo 8 mobile drilling facility.
Rialto Gets Formal Confirmation for Gazelle Award
Tuesday, May 15, 2012 - Rialto Energy on Monday announced that the Company has received formal confirmation from the government of C?te d'Ivoire that Rialto has been granted an Exclusive Exploitation Area (?EEA?) over the Gazelle Field on Block CI-202.
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Production
Apache's Beryl Field Exceeds Production Rates
Wednesday, May 16, 2012 - Apache Corporation announced that an extension well had initial production rates higher than any oil well drilled at the Beryl Field in the UK North Sea since 2001.
Norwegian Oil and Gas Production Down in April
Wednesday, May 16, 2012 - Preliminary figures from the Norwegian Petroleum Directorate show that oil and gas production was lower in April than for March.
Tethys Receives Boost in Kazakh Resource Report
Wednesday, May 16, 2012 - Tethys Petroleum has received an updated oil Resource Report for its Kazakhstan assets that estimates gross unrisked recoverable mean prospective oil resources of 1.17 billion barrels of oil.
Experts Differ in Assessing Iran's O&G Opportunities in Caspian Sea
Wednesday, May 16, 2012 - Iran has stated about launching the oil and gas extraction operations in Iran's sector of the Caspian Sea.
Dragon Oil Updates Activities at Lam Well
Wednesday, May 16, 2012 - Dragon Oil publishes an update on the successful completion and initial testing of the Dzheitune (Lam) 28/169 development well and on the Group's recent production performance.
OGX Declares Tubarao Azul Commercial
Tuesday, May 15, 2012 - OGX has presented to the ANP a Declaration of Commerciality of a portion of the Waimea Complex.
Excelerate Progresses with First U.S. Floating Liquefaction Facility
Tuesday, May 15, 2012 - Excelerate Energy is moving forward with the development of the first floating liquefaction facility in the US utilizing its FLSO technology.
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Finance and Investing
American Eagle Energy to Finance Spyglass Wells
Wednesday, May 16, 2012 - American Eagle Energy Corporation has entered into an agreement for the financing of each of its first six operated wells in the Bakken or Three Forks zones of its Spyglass Project.
FieldPoint Boosts Borrowing Base
Wednesday, May 16, 2012 - FieldPoint Petroleum Corporation (FPP) announced that the borrowing base available to the company under its bank line of credit has been increased.
W&T Sells South Timbalier Stake to Energy Partners
Tuesday, May 15, 2012 - W&T Offshore has sold its 40% working interest in South Timbalier 41 field located on the shelf of the Gulf of Mexico.
Cheniere Sells Sabine Pass Equity Stake
Tuesday, May 15, 2012 - Cheniere has entered into a Unit Purchase Agreement with investment funds managed by Blackstone.
Anadarko Declares Cash Dividend
Tuesday, May 15, 2012 - Anadarko Petroleum Corporation declared a quarterly cash dividend on the company's common stock.
TGS Concludes Acquisition of Volant Solutions
Friday, May 11, 2012 - TGS' Geological Products division purchases all the outstanding shares of Volant Solutions Inc.
Cairn Finalizes Agora Acquisition
Wednesday, May 09, 2012 - Cairn announced that, further to the announcement made on April 3, 2012, it has received all required approvals and completed the acquisition of Agora Oil & Gas AS.
ConocoPhillips Posts Quarterly Dividend
Wednesday, May 09, 2012 - ConocoPhillips announces the quarterly dividend.
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Company Operations
Strong Demand for FPSO Vessels Drives Revenue at SBM Offshore
Wednesday, May 16, 2012 - Netherlands firm SBM Offshore says strong momentum in upstream market is continuing to drive demand for its products and services.
Aker Solutions to Add 500 Jobs in Scotland
Tuesday, May 15, 2012 - Plans by Aker Solutions to add another 500 jobs in the North East were announced Tuesday as First Minister Alex Salmond held talks at the international oil services company's headquarters in Oslo, Norway.
A Good Eye for Finding Oil
Tuesday, May 15, 2012 - GNS Science gives oil exploration companies all the information they need to find productive oil fields with a minimum of fuss, if they strike oil it gets extracted and a lot of money goes to the public purse.
Atmos Adds Senior VP to Management
Tuesday, May 15, 2012 - Atmos Energy Corporation announced the addition of Bret J. Eckert to its senior management team as Senior Vice President.
Songa Offshore 1Q Profits Halve, but Sees Increased Market Activity
Monday, May 14, 2012 - Songa sees healthy tender activity in Malaysia, with demand forecast to overtake supply in 3Q 2012.
Seadrill Expects Stronger Second Quarter after Robust 1Q 2012
Monday, May 14, 2012 - Ultra-deepwater rigs West Leo and West Capricorn to have a favorable effect on earnings.
Subsea 7 Reports Greater 1Q Net Income
Friday, May 11, 2012 - Subsea 7 expects 2012 to be a year of progress, but one that will also be a 'transition year' for its activities in Africa.
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