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EU Eyes the Arctic as It Seeks to Prop Up Its Energy Security
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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.
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Turkish Firms, Shell Form Iraq Gas Partnership
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Thursday, November 20, 2008 - Turkish state firms Botas and TPAO and global energy major Shell have formed a natural gas partnership in Iraq. Additionally, TPAO has been invited to enter exploration tenders for eight oilfields, for which the firm may partner with Shell.
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Court Voids Shell's Beaufort Sea Drilling Plan
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Thursday, November 20, 2008 - The 9th Circuit Court of Appeals blocked a major oil-drilling program in the Beaufort Sea, ruling that federal officials failed to address environmental impacts when they granted permission to Shell to drill at the Sivulliq prospect.
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| MMS Distributes Record $23.4B from Royalties, Rents and Bonuses [11/20/2008] |
| Nigeria Army Repels Gunmen at Escravos Oil Terminal [11/20/2008] |
| MMS: 58 Platforms Evacuated,16.3% of Gulf Oil Production Still Shut-In [11/19/2008] |
| more Industry Headlines articles >> |
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Sasol Pleased with Njika-1 Results
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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.
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StatoilHydro Makes Additional Gas Discovery in Norwegian Sea
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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.
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Chevron Slows Colorado Gas Drilling Development
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Thursday, November 20, 2008 - Chevron is curtailing plans for expansion of a new development in Colorado's Piceance Basin due to a drop in natural gas prices, keeping two rigs on but not adding another four.
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Tullow Makes Small Discovery at Ebony Offshore Ghana
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Thursday, November 20, 2008 - Tullow Oil announced that the Ebony-1 exploration well, located in the Shallow Water Tano license offshore Ghana, has intersected two small hydrocarbon bearing intervals in Late Cretaceous turbidite sands.
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| Afren Farms Out 20% of Ghana's Offshore Keta Block to Mitsui [11/20/2008] |
| Teton Spuds Goliath Well at Williston Basin [11/20/2008] |
| Petrominerales to Explore Peruvian Block 126 with Veraz [11/20/2008] |
| more Exploration articles >> |
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Valiant Progresses on Don, Anticipates Start Up in Early '09
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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.
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Petrofac Installs Production Platform at Don Development
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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.
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Drake Ties-In Retlaw Gas Well
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Thursday, November 20, 2008 - Drake Pacific Enterprises Ltd. announces the successful tie-in and production start-up of the Retlaw 12-32-12-18 natural gas well, the spudding of which was announced on June 23, 2008.
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| Helix to Restore GOM Production to Pre-Storm Levels by Year-End [11/19/2008] |
| more Production articles >> |
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Fugro Anticipates Profit Increase for 2008
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Thursday, November 20, 2008 - Fugro expects to realise a revenue of more than EUR 2.1 billion for the full year 2008. Barring unforeseen circumstances the net result is expected to be at least EUR 275 million, which means an increase of more than 27% compared to last year.
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Oilexco Cancels Offering, Appoints Advisor
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Thursday, November 20, 2008 - Following a board meeting to review the proposed offering being led by Canaccord Adams of up to U.S. $150,000,000 of 15% Convertible Senior Unsecured Bonds and up to 20,000,000 Common Shares, Oilexco has decided to cancel the offering.
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Helix Comments on Stock Price
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Thursday, November 20, 2008 - Helix remains committed to generating value for its shareholders, which in the short term means the Company is focused on restoring its oil and gas production, completing its capital projects, generating free cash flow and reducing debt levels.
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Oilexco Files Amended Preliminary Prospectus
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Thursday, November 20, 2008 - Oilexco filed an amended preliminary prospectus with securities regulators for an offering of Convertible Senior Unsecured Bonds and Common Shares.
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| DOF Subsea Reports Status of Acceptances Regarding Offer [11/20/2008] |
| Odfjell Shareholders Want to Acquire Remaining Shares [11/20/2008] |
| Enbridge Issues $500MM of Long-Term Debt [11/20/2008] |
| Scorpion Offshore Announces Financial Results [11/20/2008] |
| more Finance and Investing articles >> |
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Russians Control TNK-BP as Foreigners Leave
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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.
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| StatoilHydro Extends Oilfield Services Contract with AGR [11/20/2008] |
| Lukoil Talked to Caixa on Repsol Stake Sale [11/20/2008] |
| FMC Bags Interest in Roxar [11/20/2008] |
| BrazAlta Names Montes New CFO [11/20/2008] |
| Nexen Names Reinhart New CFO [11/20/2008] |
| XTO Energy Appoints Hutton CEO [11/20/2008] |
| more Company Operations articles >> |
