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       More From Rigzone

    Special Coverage: Heavy Oil
    Heavy Oil is an up and coming energy resource that is aggressively being sought out as the world's energy demand increases. As technology continues to improve, this once costly energy source is quickly becoming a more viable alternative. This section focuses solely on Heavy Oil, what it is, where it's found, and the technologies that make its acquisition possible.

    Learn More About Heavy Oil
    Sponsored By


       Industry Headlines

    Pemex Increases Gulf of Mexico Activty with Latest Rig Tender Picture
    Thursday, November 20, 2008 - Pemex has issued a five part tender for three jackups and two self-contained platform rigs as part of a strategic initiative to increase production in several fields including Cantarell, Ku-Maloob Zaap and May.
    Lower Oil Prices Give Power to Producers in Contract Talks
    Thursday, November 20, 2008 - Energy producers are attempting to use lower oil prices to grab back negotiating power from oilfield service companies in order to cut costs and secure cheaper deals.
    EU Eyes the Arctic as It Seeks to Prop Up Its Energy Security Map
    Thursday, November 20, 2008 - After looking for possible oil and gas supplies in Central Asia and Africa to increase its energy security, the European Union is widening its interest toward the Arctic. Up to 25% of undiscovered petroleum could be located in the Arctic region.
    Turkish Firms, Shell Form Iraq Gas Partnership   [11/20/2008]
    Court Voids Shell's Beaufort Sea Drilling Plan   [11/20/2008]
    MMS Distributes Record $23.4B from Royalties, Rents and Bonuses   [11/20/2008]
    more Industry Headlines articles

       Commodity Prices
    Brent Crude Oil : $45.56/BBL
    -6.83%
    Light Crude Oil : $49.62/BBL
    -8.06%
    Natural Gas : $6.32/MMBtu
    -6.65%
    Unleaded Gasoline : $1.01/gal
    -9.93%
    prices from: 11/20/2008
    change since: 11/19/2008
    more financial information


       Upcoming Events

    Electric Business Understanding Seminar
      12/9/2008 - 12/10/2008
      Miami
    Energy Caribbean 2008
      12/10/2008 - 12/11/2008
      Port-Of-Spain
    Renewable Energy Overview Seminar
      12/11/2008 - 12/11/2008
      Miami
    Gas Conditioning and Processing - Special
      1/19/2009 - 1/23/2009
      Calgary
    more upcoming events

       Exploration News

    Sasol Pleased with Njika-1 Results Map
    Thursday, November 20, 2008 - Sasol completed the Njika-1 exploration well on Block 16/19 offshore Mozambique. Located in 460 meters of water, the well indicated the presence of gas and is currently being tested to determine commerciality.
    Sea Dragon Awaits Arrival of Rig at Dahab North Prospect Map
    Thursday, November 20, 2008 - Sea Dragon Energy Inc. announced that the Transocean 103 Rig is nearing its Dahab North prospect and expects to be on location in the Gulf of Suez within 24 hours.
    StatoilHydro Makes Additional Gas Discovery in Norwegian Sea Picture
    Thursday, November 20, 2008 - The well confirmed a 38 meter gas column, and too early to determine if it is commercially viable when seen in connection with a possible field development of Haklang and the nearby Luva and Snefrid South finds.
    Chevron Slows Colorado Gas Drilling Development   [11/20/2008]
    Tullow Makes Small Discovery at Ebony Offshore Ghana   [11/20/2008]
    Afren Farms Out 20% of Ghana's Offshore Keta Block to Mitsui   [11/20/2008]
    more Exploration articles

       Featured Jobs

    Senior Toolpusher - Tender Assist Barge - South East Asia
      Exp.: 1+ yrs
      Loc.: South East Asia
      Skills: Toolpusher
    Process Facilities Advisor - 6758
      Exp.: 10+ yrs
      Loc.: London
      Skills: Process Engineer
    Well-Site Project Supervisor
      Exp.: 5+ yrs
      Loc.: Far West Houston
      Skills: Project Management, Workover or Completion
    Risk Management Specialist
      Exp.: 6+ yrs
      Loc.: Khafji
      Skills: Risk Management
    more job openings

       From the Store

    New Releases

    Financing Energy Projects in Developing Countries

    Offshore Brazil Oil & Gas Activity and Concession Map, 2008 Ed.

    Downhole Drilling Tools: Theory and Practice for Petroleum Engineers and Students
    more books and products

       Production News

    Valiant Progresses on Don, Anticipates Start Up in Early '09 Map
    Thursday, November 20, 2008 - Valiant has achieved a number of field development milestones on the Don South West and West Don fields, including the mooring of the Northern Producer floating production facility, completion of subsea work and drilling of first production well.
    Range Resources Expands Marcellus Shale Production
    Thursday, November 20, 2008 - Since completing the first phase of development on the Marcellus Shale play, Range and partner MarkWest have tied-in seven wells into the gas processing facility.
    Petrofac Installs Production Platform at Don Development Map
    Thursday, November 20, 2008 - Petrofac has completed the safe mooring operation for the Northern Producer on location on the Don Area development in the North Sea, following a major refurbishment program of the semisubmersible production platform.
    Drake Ties-In Retlaw Gas Well   [11/20/2008]
    Russia's Transneft Could Take BP to Court over CPC   [11/19/2008]
    Helix to Restore GOM Production to Pre-Storm Levels by Year-End   [11/19/2008]
    more Production articles

       Stock Movers

    Winners
    Ritchie Bros. Auctioneers -0.35%
    ICO -0.78%
    Syntroleum -1.25%
    ONEOK -1.76%
    Boots & Coots International Well Control -2.07%
    Losers
    Meridian Resource -28.24%
    Parallel Petroleum -16.89%
    Goodrich Petroleum -15.96%
    Input/Output -15.09%
    Superior Energy Services -15.00%
    Note: % change based on the last 2 days of trading
    more stocks

       Featured Equipment

    30kw / 65kw Capstone Turbine Generators
    PetroChem Tote Tanks
    more equipment

       Company Operations

    Samsung Finalizes Construction Contracts for 2 Drillships
    Thursday, November 20, 2008 - Samsung Heavy Industries reported that the company has been awarded a contract to build two drillships valued at US $1.399 billion (KRW 2.093 trillion).
    Eni, Ecopetrol Ink Farm-In Agreement, to Drill 5 Prospect in GOM
    Thursday, November 20, 2008 - Eni signed two agreements with Columbian state-owned Ecopetrol. The first covers Exopetrol farming into Eni's GOM exploration protfolio, the second is a MoU that strengthens the companies' ties.
    Russians Control TNK-BP as Foreigners Leave
    Thursday, November 20, 2008 - Russian oligarchs have taken effective management control of BP's Russian oil venture TNK-BP as part of an exodus of foreign executives from senior positions, according to TNK-BP sources.
    XTO Plans $3.3B Budget to Increase Production by 18% in 2009   [11/20/2008]
    Spain's PM to Consider Lukoil's Independent Status   [11/20/2008]
    StatoilHydro Extends Oilfield Services Contract with AGR   [11/20/2008]
    more Company Operations articles

       Industry Indicators

    Offshore Rig Utilization
    Drill Barge 81.8%  (9/11)
    Drillship 89.5%  (34/38)
    Jackup 89.3%  (341/382)
    Semisub 85.2%  (138/162)
    Submersible 50.0%  (3/6)
    Tender 96.2%  (25/26)
    Total 88.0%  (550/625)
     -- includes competitive rigs only
    more rig utilization statistics

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