-- Guinea Hyperdynamics Corp., Houston, was attempting to interest potential farmees in a 31,000 sq mile concession in the Atlantic off nonproducing Guinea that it has held for several years.
-- Indonesia to renegotiate Total's Mahakam contract Indonesian Energy Minister Purnomo Yusgiantoro has instructed officials to prepare to negotiate for better terms for the government when the contract for the Mahakam block off Borneo expires in 2017.
-- Pakistan awards two exploration licenses Pakistan has granted two petroleum exploration licenses (PELs) to a joint venture of Orient Petroleum International Inc. (OPII) and Zaver Petroleum Corp. Ltd. (ZPCL) for the 1,793 sq km Marwat Block 3170-2 and 2,360 sq km Maharvi Block 2972-3.
-- Victoria has gas-condensate find in Russia Victoria Oil & Gas PLC, London, reported a gas-condensate discovery on the 1,224 sq km West Medvezhye license in the Yamal region of Western Siberia, Russia.
-- Woodside drops drilling Sokwe South well in Kenya Woodside Energy (Kenya) Pty. Ltd. will not drill the Sokwe South well in Kenya because it did not find hydrocarbons at the nearby Pomboo well, joint venture partner Global Petroleum Ltd. said.
-- Melrose to drill three wells off Bulgaria Melrose Resources PLC will start drilling three exploration wells in late March off Bulgaria using the Atwood Southern Cross semisubmersible drilling rig.
-- Chevron unit finds oil on Block 14 off Angola Chevron Corp. subsidiary Cabinda Gulf Oil Co. Ltd. (Cabgoc) and its partners reported an oil discovery on deepwater Block 14 off Angola. The well, Lucapa-1, found more than 280 net ft of oil in Miocene-age sands.
-- Ecopetrol sets $2 billion E&P budget for 2007 Colombia's state-owned Ecopetrol plans to invest $2 billion this year to explore and produce for oil and gas. Ecopetrol spent $1.3 billion in 2006, the company reported.
-- Indian ministry spikes ONGC-BG exploration deal The proposed alliance between BG Group and Indian state firm Oil & Natural Gas Corp. (ONGC) for jointly exploring three deepwater blocks in the Krishna-Godavari (K-G) basin has been rejected by India's Ministry of Petroleum and Natural Gas.
-- Eastern France CBM well encouraging European Gas Ltd., Perth, is drilling a second well after reporting "highly encouraging results" from its first coalbed methane stratigraphic well on the St. Avold portion of the Bleue Lorraine Permit in northeastern France.
-- Carbonate platform, oil found near Rome A stratigraphic test has confirmed the existence of a carbonate platform and found oil shows in the Northern Apennine Thrust in south-central Italy, said Pentex Italia Ltd. and Ascent Resources PLC.
-- Guinea-Bissau State owned Petroguin let contracts to CGGVeritas and First Exchange Corp. to distribute information related to its third license round, which closes on Apr. 30, 2007.