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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Most Popular News
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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.
Monday, February 08, 2010 - Hyundai Heavy Industries has secured a $1.1 billion tender to build the Goliat FPSO for Eni Norge.
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
Tuesday, February 09, 2010 - Det norske, operator of production license 476, has finished drilling of exploration well 6507/11-10. The well was dry and will be permanently plugged and abandoned.
Iran Discovers Oil, Gas Fields - Ministry
Monday, February 08, 2010 - Iran has discovered an oil field and a gas field, the Oil Ministry's news agency said late Saturday.
Monday, February 08, 2010 - AGR Petroleum Services off the Falklands Islands this month on behalf of two operators.
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.
Tethys Encouraged by Kazakh Well's Flow Rate
Monday, February 08, 2010 - Tethys reported the initial results of testing on the upper zone of the AKD01 oil discovery in Kazakhstan.
PetroLatina Hits Paydirt at Midas Block in Colombia
Monday, February 08, 2010 - PetroLatina has announced a new exploration discovery at the Zoe-1 exploration well, which has now been completed and is undergoing testing operations.
Cabinda Onshore South Block Partners Prep Production Test
Monday, February 08, 2010 - Lacula Oil Company Limited, a wholly owned subsidiary of ROC, has provided an update on activity at the Cabinda Onshore South Block, Angola.
WesternZagros Makes Headway at Kurdamir-1 in Iraq
Monday, February 08, 2010 - WesternZagros has provided an update on the progress made at its Kurdamir-1 exploration well in the Kurdistan Region of Iraq.
Pertamina to Take Over Operation of West Madura Block
Monday, February 08, 2010 - Pertamina is almost certain to take over the operation of the West Madura block, off the northern coast of East Java, from PT Kodeco Energy.
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Production
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
Tuesday, February 09, 2010 - With the completion of the turnaround at Long Lake, the reservoir is responding to consistent steaming and bitumen production levels are increasing.
Range: Smith #1 Nears First Production in Texas
Tuesday, February 09, 2010 - Range Resources has provided a further update on the Company's US Gulf Coast interests.
Ithaca, Partners Initiate Athena Project in UK North Sea
Monday, February 08, 2010 - The Athena Joint Venture Partners have committed to the purchase of long lead equipment to initiate the development of the Athena field. The project is expected to come onstream within the next two years.
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.
Foster Wheeler Wins LNG Engineering Services Gig in Singapore
Monday, February 08, 2010 - A subsidiary of Foster Wheeler's Global Engineering and Construction Group has been awarded a contract to provide project management consultancy services for the development of the LNG terminal in Singapore.
Rosneft's Total Proved Reserves Up 2.5%
Monday, February 08, 2010 - At year-end 2009, Rosneft had estimated net proved reserves of 22,858 million boe, including 18,058 million barrels of oil and 28,801 bcf of gas.
EMG, Israel Electric Corp. Finalize $6B Gas Sale Agreement
Monday, February 08, 2010 - The total contracted gas supply to IEC will be approximately 42 BCM, with a total contract value of $6 billion.
Indonesian Govt Owes Japanese Buyers $2B Worth of LNG
Monday, February 08, 2010 - The Indonesian government through PT Badak Natural Gas Liquefaction (NGL) owes Japanese buyers US $2 billion worth of liquefied natural gas.
ExxonMobil Taps Praxair for Enhanced Oil Recovery in Texas
Monday, February 08, 2010 - Praxair has signed a contract with ExxonMobil to build, own and operate an air separation unit to supply additional nitrogen for enhanced oil recovery operations.
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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
Tuesday, February 09, 2010 - Nabors Industries expects its fourth quarter results to modestly exceed mean estimates of $0.16 per diluted share, excluding estimated non-cash, pre-tax charges of approximately $274 million, or $0.65 per diluted share.
Toreador Commences Public Offering of Common Stock
Tuesday, February 09, 2010 - Toreador Resources is commencing a public offering of shares of its common stock for net proceeds to satisfy payment obligations.
Diamond Offshore Drilling Posts 4Q 2009 Results
Monday, February 08, 2010 - Diamond Offshore Drilling's revenues in the fourth quarter of 2009 were $890.8 million, compared with revenues of $903.2 million for the fourth quarter of 2008.
Range Resources Sells Ohio Tight Gas Sand Properties
Monday, February 08, 2010 - Range Resources has signed a definitive agreement to sell its tight gas sand properties in Ohio for a purchase price of $330 million.
Canacol Tags Capex for South American Operations
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.
Magellan Banks $9.7MM for Fiscal 2Q 2009
Monday, February 08, 2010 - Magellan Petroleum reported consolidated net income of $1.6 million ($.03 per share) on gross revenues of $9.7 million for its fiscal second quarter ended December 31, 2009.
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.
BJ Services Secures Work at Offshore Indian Fields
Tuesday, February 09, 2010 - BJ Services has been awarded a contract to provide conductor-driving services for the petroleum operations being carried out offshore India in the Panna-Mukta and Mid & South Tapti Fields.
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.
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.
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.
Monday, February 08, 2010 - Songa Offshore has received a Letter Of Award from Shell confirming the use of the Songa Venus rig for the upcoming 2010 Browse Basin Drilling Campaign.
Cameron-Newmans JV Poised to Lead Valve Market
Monday, February 08, 2010 - Cameron will form a joint venture with the owners of Newmans, whose product lines include Newco, OIC, Cooper, and Quadrosphere branded valves and services.
Chapman Freeborn's Demand Soars as Australasian Projects Lift Off
Monday, February 08, 2010 - Chapman Freeborn Airchartering has reported increased demand for its project cargo expertise in Australasia as the oil and gas industry shrugs off worldwide recession.
Schlumberger Says Hello to New COO
Monday, February 08, 2010 - Schlumberger's Board of Directors has appointed Paal Kibsgaard Chief Operating Officer of Schlumberger Limited effective immediately.
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