-- Chevron to develop Hebron heavy oil off NE Canada Chevron Canada Ltd. and its coventurers have this summer finalized legal agreements with Newfoundland and Labrador to develop the Hebron heavy oil fields in the Maritimes off Eastern Canada.
-- StatoilHydro makes Barents Sea gas find StatoilHydro AS discovered natural gas within the Arenaria prospect on Block 7224/6 in the Barents Sea but said it's too early to tell if the gas can be produced because it's from poor quality reservoir rocks of middle Triassic age.
-- Queensland bans oil shale projects for 2 years The Queensland government has placed a 2-year moratorium on oil shale projects, paralysing the proposed Queensland Energy Resources Ltd. (QER) project in the McFarlane deposit about 15 km south of Proserpine on the state's central east coast.
-- Petroecuador seeks to develop Block 20 heavy oil Petroecuador's president said Ivanhoe Energy would begin work within 9 months towards the production of heavy crude oil from Pungarayacu heavy oil field on Block 20 in Ecuador's Oriente basin.
-- Gassco lets seabed surveys contract Gassco AS has let a contract to Sweden's Marine Matteknikk AB to start seabed surveys in September for potential carbon dioxide pipelines.
-- UK independents thrive in UK North Sea Small and midsized operators are benefiting the most from record oil and gas prices in the UK North Sea as they develop fields that were otherwise too costly in the past, according to Lloyds TSB Bank.
-- Europe Gold Point Energy Corp., Vancouver, BC, let a contact to LO&G Consultants GMBH to study unconventional gas potential in several unspecified Central European basins.
-- Conroe CO2 flood set as Tinsley responds Denbury Resources plans to pay $600 million or more to acquire giant Conroe field north of Houston where it intends to begin injecting CO2 within 5 years in a development project worth $750 million-1 billion.
-- Appalachian Marcellus, deeper zones eyed Zone Oil & Gas signed an exploration and geophysical JV deal with Penn Virginia to explore the Devonian Marcellus shale and Oriskany sandstone and Silurian Tuscarora sand in Pennsylvania.
-- Bulgarian gas-condensate find indicated Direct Petroleum Exploration, a private Denver operator, is referring to an indicated gas-condensate discovery as "the highest pressure gas reservoir ever encountered in Bulgaria."
-- Atlas Petroleum discovers oil with Tunisia well A group of companies led by Atlas Petroleum Worldwide Exploration will drill a sidetrack from the Ras El Besh 3 (REB3) well following an oil discovery on the Sfax permit off Tunisia.