-- Statoil stops oil development work at Snohvit Statoil AS and partners have decided to cease oil zone development work at Snohvit field in the Barents Sea as analyses show its development would not be economical.
-- Murphy advances development of Azurite oil field Murphy West Africa let a work contract to Technip for the development of Azurite oil field on Mer Profonde Sud block, which covers more than 800,000 acres in 1,400 m of water 80 miles off Congo (formerly Zaire).
-- China, Japan delay dispute resolution talks Conflicting diplomatic schedules have caused Japan and China to postpone their next round of talks aimed at resolving a dispute over gas exploration rights in the East China Sea.
-- Colombia awards nine offshore blocks Colombia's National Hydrocarbons Agency has awarded 9 of 13 offshore blocks in the Caribbean Sea that had been released for tendering.
-- Conventional targets sought in Palo Duro Palo Duro Energy Inc., Vancouver, BC, said it is preparing an exploration program for fall in the Palo Duro basin using proprietary electromagnetic technologies.
-- Agiba tests oil well on Egypt's Meleiha block Agiba Petroleum, operator of the Meleiha block in Egypt's Western Desert, has tested 1,000 b/d of dry crude oil from its exploration well in the Gawaher structure on the block.