-- Joint venture to supply nitrogen to Mexico Air Products said a joint venture company with its Grupo Infra partner will supply 90 MMscfd of nitrogen to Petroleos Mexicanos Exploracion y Produccion (PEP).
-- US drilling activity continues to drop US drilling activity declined for the third straight week, down 27 units to 1,782 rotary rigs working vs. 1,710 during the same period in 2006, Baker Hughes Inc. reported.
-- Gas plant boosting East Texas field flow Madisonville Gas Processing started up a gas treatment plant expansion at Madisonville field in Madison County 100 miles north of Houston to handle sour gas from the Cretaceous Rodessa formation at 12,000 ft.
-- Peru heavy oil fields await development Barrett Resources (Peru) retained a financial advisor to review alternatives to facilitate development of three large heavy oil fields in northeastern Peru.
-- Production starts from Independence Hub Atwater Valley Producers reported that production has begun from the Independence Hub platform, moored in 8,000 ft of water on MC Block 920, 123 miles southeast of Biloxi in the Gulf of Mexico.
-- Thailand extends Chevron, PTTEP concessions Thai authorities have agreed to extend concession rights of groups led by Chevron Corp. and PTT Exploration & Production PLC (PTTEP) for 10 years to 2022. The extensions enable the country's two largest gas producers to continue operating their gas-condensate fields in the Gulf of Thailand after the current licenses expire in 2012.
-- Ivanhoe completes Athabasca bitumen test Ivanhoe Energy Inc. completed an Athabasca bitumen test run at its commercial demonstration plant in Bakersfield, Calif., using HTL, the company's proprietary heavy oil upgrading technology.
-- Talks continue for Cepu block production start date ExxonMobil and PT Pertamina are involved in discussions with government authorities aimed at resolving their differences and advancing the start of oil production from Indonesia's Cepu block.
-- OTC: MMS estimates gulf production by 2016 Oil production in the Gulf of Mexico is forecast at up to 2.1 million b/d by 2016 compared with current levels of 1.35-1.4 million b/d, the US Minerals Management Service said May 1 at the Offshore Technology Conference in Houston.
-- Venezuela takes operational control of Orinoco oil fields Venezuela President Hugo Chavez's government took over that country's last remaining privately run oil fields on May 1, intensifying a decisive struggle with the oil industry over one of the world's most lucrative deposits.
-- Tabu field production begins off Malaysia ExxonMobil Exploration & Production Malaysia Inc. has begun production of nonassociated gas from Tabu field, 200 km off Terengganu, Malaysia. Production is expected to peak at 150 MMcfd.