-- Eni, PDVSA to develop Orinoco belt block Eni SPA will develop Junin Block 5 in Venezuela's Orinoco oil belt under a strategic agreement with Venezuela's energy ministry and Petroleos de Venezuela SA.
-- Japanese partners bid for Thailand's Block L54/50 Thailand's current petroleum concession bid round has attracted another applicant, a partnership of Japan's consulting firm in water resource development Sanyu Consultants and Proj-M Ltd.
-- Timan reveals NGPT field development plans Timan Oil & Gas PLC plans to secure financing to drill another 150 wells this year in Nizhnechutinskoye oil field (NGPT field) in the Timan-Pechora region of western Russia.
-- USGS reports Permian basin oil, gas estimates There is roughly 40.58 tcf of undiscovered natural gas, 1.02 billion bbl of natural gas liquids, and 1.26 billion bbl of oil in the Permian basin, the US Geological Survey said.
-- Cairn enters race for two Sri Lankan oil blocks Cairn India has bid on oil exploration Blocks 001 and 002 in Sri Lanka under the ongoing Sri Lankan licensing round and said it will undertake exploratory drilling in new areas in Rajasthan.
-- Pakistan awards production-sharing agreements Pakistan executed petroleum exploration licenses with Government Holdings and PSAs with Government Holdings and Canada's Niko Resources over four blocks in the Arabian Sea.
-- Exall tests Gilwood oil north of Mitsue Exall Energy said its Marten Mountain horizontal oil discovery in Alberta 140 miles north-northwest of Edmonton flowed 1,585 b/d of 40° gravity sweet oil and 575 Mcfd of gas at 850 kpa flowing pressure.
-- OMV wins another exploration license in Norway OMV AG has secured another offshore exploration license in the Norwegian Sea, bringing its total allocation to five under the recent Awards in Predefined Areas licensing round.
-- Eni makes oil find in Timor Gap Eni SPA's Australian subsidiary Eni Australia, Perth, has made an important oil discovery in the Joint Petroleum Development Area (Timor Gap) administered by Australia and East Timor.
-- India approves reclassification of Mahanadi blocks The Indian government granted the request of ONGC to change the status of its oil and gas block in the Mahanadi basin from a shallow to deep water, which gives the state-owned company an additional year to explore it.