USCG coordinating subsurface oil monitoring plan</h1> <article> <h1>USCG coordinating subsurface oil monitoring plan</h1> <p>Thu, 02 Sep 2010 15:30:40 GMT</p> <strong>September 2,2010</strong> --<p>The federal onscene coordinator for the oil spill response is developing a comprehensive subsurface oil monitoring plan to help scientists from various institutions and agencies measure any oil remaining in the Gulf of Mexico following the deep....... </article> <article> <h1>Contract let for Abu Dhabi pipelines</h1> <p>Thu, 02 Sep 2010 15:25:30 GMT</p> <strong>September 2,2010</strong> --<p>Abu Dhabi Oil Refining Co. (Takreer) let a $623 million contract to GS Engineering & Construction Corp. for a pipeline project that will connect Abu Dhabi’s two refineries with various terminals in the emirate.</p>.... </article> <article> <h1>Bulgaria</h1> <p>Thu, 02 Sep 2010 13:05:20 GMT</p> <strong>September 2,2010</strong> --<p>A unit of JKX Oil & Gas PLC has spudded Staro Oryahovo South R-1, the first of two wells that will test amplitude-supported gas prospects in Bulgaria.</p>.... </article> <article> <h1>Tullow to operate more East African blocks</h1> <p>Thu, 02 Sep 2010 12:30:00 GMT</p> <strong>September 2,2010</strong> --<p>Tullow Oil PLC will greatly expand its position in East Africa rift basins by taking farmouts in Kenya and Ethiopia from Africa Oil Corp., Vancouver, BC.</p>.... </article> <article> <h1>Colombia</h1> <p>Thu, 02 Sep 2010 11:36:00 GMT</p> <strong>September 2,2010</strong> --<p>Petrodorado Energy Ltd., Calgary, is launching a three-well exploratory drilling program on the Buganviles and Talora blocks in Colombia’s Upper Magdalena Valley basin.</p><p class="MsoNormal" style="margin: 0in 0in 0pt"> </p>.... </article> <article> <h1>Enterprise to build 350,000 b/d Eagle Ford oil pipeline</h1> <p>Wed, 01 Sep 2010 21:21:00 GMT</p> <strong>September 1,2010</strong> --<p>Enterprise Products Partners LP reported its operating subsidiaries entered into long-term agreements with EOG Resources Inc. to provide comprehensive midstream energy services for EOG's growing crude oil and associated liquids-rich natural gas....... </article> <article> <h1>Fos Cavaou LNG terminal operating at full capacity</h1> <p>Wed, 01 Sep 2010 18:40:30 GMT</p> <strong>September 1,2010</strong> --<p>The Fos Cavaou LNG terminal on France's Mediterranean coast has been authorized to operate at its full 8.25 billion cu m/year capacity, up from the 20% allowed since April when a restriction was placed on the facility.</p>.... </article> <article> <h1>Talisman buys stakes in two Aussie energy firms</h1> <p>Wed, 01 Sep 2010 18:20:10 GMT</p> <strong>September 1,2010</strong> --<p>Talisman Energy Inc., Calgary, increased its exploration holdings in Papua New Guinea by purchasing the stakes of two Australian companies—Cue Energy Resources Ltd. and Mosaic Oil Ltd.—in onshore retention lease PRL8 in the foreland....... </article> <article> <h1>MARKET WATCH: Crude oil futures price tumbles below $72/bbl</h1> <p>Wed, 01 Sep 2010 17:50:50 GMT</p> <strong>September 1,2010</strong> --<p>The front-month crude price dropped 3.7% Aug. 31 in the New York market on “fears that Hurricane Earl would put a damper on East Coast Labor Day plans and gasoline demand,” said analysts in the Houston office of Raymond James & ....... </article> <article> <h1>Sumitomo Corp. acquires more US shale gas acreage</h1> <p>Wed, 01 Sep 2010 17:45:10 GMT</p> <strong>September 1,2010</strong> --<p>Rex Energy Corp. entered into a joint venture agreement with Sumitomo Corp. subsidiary Summit Discovery Resources II LLC, to sell and transfer interests valued at $140.4 million in its Marcellus shale assets in Pennsylvania.</p>.... </article> <article> <h1>BP hopes to remove capping stack on Sept. 2</h1> <p>Wed, 01 Sep 2010 17:00:30 GMT</p> <strong>September 1,2010</strong> --<p>BP PLC tentatively planned to remove a capping stack from the top of the Transocean Ltd.’s Deepwater Horizon semisubmersible blowout preventer on Sept. 2, pending the anticipated arrival of calmer seas in the Gulf of Mexico, a federal spo....... </article> <article> <h1>Petronas to buy BP's Malaysian ethylene, PE assets</h1> <p>Wed, 01 Sep 2010 16:50:20 GMT</p> <strong>September 1,2010</strong> --<p>Petronas agreed to buy BP PLC’s Malaysian ethylene and polyethylene production for $363 million in a transaction expected to close by yearend, subject to certain conditions.</p>.... </article> <article> <h1>SAGD wells testing high-temperature ESPs</h1> <p>Wed, 01 Sep 2010 16:45:50 GMT</p> <strong>September 1,2010</strong> --<p>The Christina Lake in situ oil sands project operated by Cenovus Energy in northeastern Alberta is testing what Baker Hughes Inc. calls the world’s first “ultra-temperature” electrical submersible pumping systems in steam-assi....... </article> <article> <h1>Indonesia</h1> <p>Wed, 01 Sep 2010 14:56:00 GMT</p> <strong>September 1,2010</strong> --<p>PT Medco CBM Sekayu is drilling exploration wells on the Sekayu coalbed methane production sharing contract area in Indonesia’s South Sumatra basin, said partner CBM Asia Development Corp.</p>.... </article> <article> <h1>Indonesia</h1> <p>Tue, 31 Aug 2010 18:40:10 GMT</p> <strong>August 31,2010</strong> --<p>Mitra Energy (Indonesia Sibaru) Ltd. plugged and abandoned the Mojo-1 exploratory well on the 3,180-sq km Sibaru block between East Java and East Kalimantan, Indonesia.</p>.... </article> <article> <h1>Louisiana</h1> <p>Tue, 31 Aug 2010 18:30:20 GMT</p> <strong>August 31,2010</strong> --<p>Phoenix Exploration LP, Houston, is drilling a projected 18,800-ft exploratory well on the Marathon prospect in Atchafalaya Bay in South Louisiana.</p>.... </article> <article> <h1>GAO: Protests don't affect federal onshore lease prices</h1> <p>Tue, 31 Aug 2010 18:06:00 GMT</p> <strong>August 31,2010</strong> --<p>Despite concerns expressed by the oil and gas industry, protests and leasing delays have not significantly affected prices bid for federal onshore leases, the US Government Accountability Office said on Aug. 30.</p>.... </article> <article> <h1>California</h1> <p>Tue, 31 Aug 2010 18:00:20 GMT</p> <strong>August 31,2010</strong> --<p>Neon Energy Ltd., Perth, has completed and turned to production at an average 230 b/d of oil its Lombardi 15-27H horizontal development well near the crest of the southern lobe of North San Ardo field in California’s Salinas basin.</p>.... </article> <article> <h1>Joint venture to fund Bangladeshi refinery expansion</h1> <p>Tue, 31 Aug 2010 18:00:10 GMT</p> <strong>August 31,2010</strong> --<p>A Saudi investment group has joined a Bangladeshi industrial conglomerate to invest nearly $1 billion in an expansion of Bangladesh’s only refinery.</p>.... </article> <article> <h1>PNG LNG project venture signs design contract</h1> <p>Tue, 31 Aug 2010 17:55:30 GMT</p> <strong>August 31,2010</strong> --<p>The 50-50 engineering joint venture of Clough Australia, Perth, and BAM International, the Netherlands, has been awarded a letter of intent to proceed with the design and construction of the LNG and condensate offloading jetty proposed for Exxo....... </article> <article> <h1>MARKET WATCH: Crude oil falls below $75/bbl; ends 3-day rally</h1> <p>Tue, 31 Aug 2010 17:40:30 GMT</p> <strong>August 31,2010</strong> --<p>Pulled down by a tumbling equities market despite a report that consumer spending hit a 4-month high, the front-month crude oil contract fell 1.3% to below $73/bbl, ending a 3-day rally Aug. 30 in the New York market.</p>.... </article> <article> <h1>Trinidad and Tobago offers 11 blocks in latest bid round</h1> <p>Tue, 31 Aug 2010 16:55:30 GMT</p> <strong>August 31,2010</strong> --<p>Trinidad and Tobago announced the offering of 11 deepwater blocks for bid in its 2010 licensing round.</p>.... </article> <article> <h1>BP advances Andrew area development off UK</h1> <p>Tue, 31 Aug 2010 16:25:40 GMT</p> <strong>August 31,2010</strong> --<p>BP PLC is proceeding with its Andrew Area Development project in the central UK North Sea.</p>.... </article> <article> <h1>Egypt</h1> <p>Tue, 31 Aug 2010 16:05:30 GMT</p> <strong>August 31,2010</strong> --<p>Production from Kom Ombo Block 2 in southern Egypt is 700 b/d of 37° gravity sweet crude.</p>.... </article> <article> <h1>Iroquois launches opens season for bidirectional flow</h1> <p>Tue, 31 Aug 2010 15:40:20 GMT</p> <strong>August 31,2010</strong> --<p>Iroquois Gas Transmission System LP began a binding open season Aug. 30 for its Wright Transfer Compressor (WTC) project, which would add as much as 15,400 hp of transfer compression at Iroquois' existing interconnection with Tennessee Gas Pipe....... </article> <article> <h1>Louisiana</h1> <p>Tue, 31 Aug 2010 14:45:50 GMT</p> <strong>August 31,2010</strong> --<p>EXCO Operating Co. LP’s Thomas 36-1 well in North Louisiana’s Johnson Branch field had a post-completion clean-up rate of 15 MMcfd of gas with 7,000 psi flowing casing pressure from the Haynesville shale, said 37% working interest o....... </article> <article> <h1>Iraq</h1> <p>Tue, 31 Aug 2010 14:10:20 GMT</p> <strong>August 31,2010</strong> --<p>Eni let a multimillion dollar contract to Halliburton to provide integrated energy services toward redeveloping giant Zubair oil field near Basra in southern Iraq.</p>.... </article> <article> <h1>Colombia</h1> <p>Tue, 31 Aug 2010 13:55:40 GMT</p> <strong>August 31,2010</strong> --<p>SK Energy Co. Ltd., Seoul, plans to shoot 3D seismic over La Mocha Consuelo, highest-potential prospect on the 570,000-acre SSJN-5 block in Colombia’s Lower Magdalena basin based on encouraging results from reprocessed 2D seismic.</p>.... </article> <article> <h1>Louisiana</h1> <p>Tue, 31 Aug 2010 13:40:40 GMT</p> <strong>August 31,2010</strong> --<p>Nelson Energy Inc., Shreveport, is drilling a horizontal Austin chalk exploratory well east of North Bayou Jack oil and gas field in eastern Avoyelles Parish, La.</p>.... </article> <article> <h1>UK</h1> <p>Tue, 31 Aug 2010 13:16:00 GMT</p> <strong>August 31,2010</strong> --<p>BG Group PLC will farm out a 35% interest in the P1722 license in the UK Central North Sea to KazMunaiGas Exploration Production, Astana, Kazakhstan.</p>.... </article> <article> <h1>MARKET WATCH: Natural gas prices fall; crude oil continues rally</h1> <p>Mon, 30 Aug 2010 18:00:20 GMT</p> <strong>August 30,2010</strong> --<p>Natural gas prices continued to deflate with the front-month contract falling more than 4% on Aug. 27 in the New York market, but crude continued to climb for a third consecutive session, closing above $75/bbl.</p>.... </article> <article> <h1>Weather delays Deepwater Horizon BOP swap</h1> <p>Mon, 30 Aug 2010 17:35:10 GMT</p> <strong>August 30,2010</strong> --<p>Seas with 6-8 ft waves caused BP PLC and its contractors to wait for calmer weather before proceeding with plans to replace Transocean Ltd.’s Deepwater Horizon semisubmersible blowout preventer with another BOP, a federal spokesman said A....... </article> <article> <h1>DOE lab breakthrough could enhance gas, methane hydrate use</h1> <p>Mon, 30 Aug 2010 16:50:10 GMT</p> <strong>August 30,2010</strong> --<p>A process and related technology that research at the US Department of Energy’s National Energy Technology Laboratory (NETL) helped to develop could enhance the use of natural gas and the world’s vast methane hydrate resources,....... </article> <article> <h1>Contract let for Kuwaiti water injection</h1> <p>Mon, 30 Aug 2010 16:15:30 GMT</p> <strong>August 30,2010</strong> --<p>Kuwait Oil Co. has let a contract valued at $430 million to Petrofac for water-injection work in two northern Kuwaiti oil fields.</p>.... </article> <article> <h1>North Africa gets first shale gas frac job</h1> <p>Mon, 30 Aug 2010 14:35:20 GMT</p> <strong>August 30,2010</strong> --<p>The first hydraulic fracturing operation in a shale gas reservoir in North Africa took place earlier this year in El Franig field in west-central Tunisia in the Ghadames basin, said Cygam Energy Inc., Calgary.</p>.... </article> <article> <h1>Softening economy lowers oil prices</h1> <p>Mon, 30 Aug 2010 14:20:40 GMT</p> <strong>August 30,2010</strong> --<p>Amid indications the economic recovery is slowing, the front-month crude contract price fell for five consecutive sessions to an 11-week low of $71.63/bbl Aug. 24 on the New York Mercantile Exchange.</p>.... </article> <article> <h1>Frontier Oil restarts Cheyenne crude unit</h1> <p>Mon, 30 Aug 2010 14:05:20 GMT</p> <strong>August 30,2010</strong> --<p>Frontier Oil Corp. has restarted the crude unit at its 52,000-b/d refinery at Cheyenne, Wyo., after a fire-related shutdown.</p>.... </article> <article> <h1>GEP to drill Iraq wildcat near Shaikan find</h1> <p>Mon, 30 Aug 2010 13:55:40 GMT</p> <strong>August 30,2010</strong> --<p>ShaMaran Petroleum Corp., Vancouver, BC, acquired a 33.5% of the shares of General Exploration Partners Inc., a subsidiary of Aspect Energy International LLC.</p>.... </article> <article> <h1>Colombia</h1> <p>Mon, 30 Aug 2010 13:41:00 GMT</p> <strong>August 30,2010</strong> --<p>Canacol Energy Inc., Calgary, said the Los Cuervos-Barco reservoir at its Rancho Hermoso-6 development well in Colombia made 6,205 b/d of 35° gravity oil with 7% water cut on an electric submersible pump from perforations at 9,726-43 ft mea....... </article> <article> <h1>Tunisia</h1> <p>Mon, 30 Aug 2010 13:30:50 GMT</p> <strong>August 30,2010</strong> --<p>Chinook Energy Inc., formerly Storm Ventures International Inc., plans to spud the TT3 appraisal well on the Sud Remada permit in Tunisia in early October 2010, said Cygam Energy Inc., Calgary.</p>.... </article> <article> <h1>Jamaica</h1> <p>Mon, 30 Aug 2010 12:25:50 GMT</p> <strong>August 30,2010</strong> --<p>Sagres Energy Inc., Calgary, completed its phase one commitments under production sharing agreements with Petroleum Corp. of Jamaica on blocks 9, 13, and 14 on Pedro Bank off Jamaica.</p>.... </article> <article> <h1>Labrador</h1> <p>Mon, 30 Aug 2010 11:50:10 GMT</p> <strong>August 30,2010</strong> --<p>Investcan Energy Corp. began shooting seismic on Exploration License 1107 in the Hopedale basin off Labrador.</p>.... </article> <article> <h1>OGJ Newsletter</h1> <p>Mon, 30 Aug 2010 05:00:00 GMT</p> <strong>August 30,2010</strong> --International News for oil and gas professionals.... </article> <article> <h1>The powers that be</h1> <p>Alan Petzet — Mon, 30 Aug 2010 05:00:00 GMT</p> <strong>August 30,2010</strong> --Seattle geologist and writer Scott L. Montgomery has authored a book under the above title from which many on the planet could learn a lot about energy..... </article> <article> <h1>The mosque and oil</h1> <p>Mon, 30 Aug 2010 05:00:00 GMT</p> <strong>August 30,2010</strong> --The oil and gas industry has strong interests in the ugly controversy over plans to build a Muslim activities center two blocks from Ground Zero—the New York site of terrorist attacks on Sept. 11, 2001. .... </article> <article> <h1>EQUIPMENT | SOFTWARE | LITERATURE</h1> <p>Mon, 30 Aug 2010 05:00:00 GMT</p> <strong>August 30,2010</strong> </article> <article> <h1>Advertisers Index</h1> <p>Mon, 30 Aug 2010 05:00:00 GMT</p> <strong>August 30,2010</strong> </article> <article> <h1>Why scorn report about shrinking mess in the gulf?</h1> <p>Bob Tippee — Mon, 30 Aug 2010 05:00:00 GMT</p> <strong>August 30,2010</strong> --The Apr. 20 blowout of the Macondo wildcat off Louisiana, with its 11 deaths and consequent oiling of the Gulf of Mexico, wasn't bad enough to suit some people..... </article> <article> <h1>Policy changes pending for ethanol</h1> <p>Sam Fletcher — Mon, 30 Aug 2010 05:00:00 GMT</p> <strong>August 30,2010</strong> --The ethanol industry this fall will face important policy challenges for which it may not be fully prepared, including expiration of supportive tax credits and tariffs and a government decision whether to expand the amount of biofuel allowed in ga....... </article> <article> <h1>Hydrates slow removal of pipe from Macondo well</h1> <p>Paula Dittrick — Mon, 30 Aug 2010 05:00:00 GMT</p> <strong>August 30,2010</strong> --BP PLC flushed hydrates from inside Transocean Ltd.'s Deepwater Horizon semisubmersible blowout preventer and a capping stack on the blown-out Macondo well in the Gulf of Mexico..... </article> <article> <h1>Transocean outlines indemnity language in Deepwater Horizon contract</h1> <p>Paula Dittrick — Mon, 30 Aug 2010 05:00:00 GMT</p> <strong>August 30,2010</strong> --Transocean Ltd., owner of the Deepwater Horizon semisubmersible drilling rig, filed a quarterly report with the US Securities and Exchange Commission outlining 206 claims filed against it as of June 30 in various state and federal courts concernin....... </article> <article> <h1>Enbridge announces Bakken crude pipeline system expansion</h1> <p>Christopher E. Smith — Mon, 30 Aug 2010 05:00:00 GMT</p> <strong>August 30,2010</strong> --Enbridge Inc. affiliates Enbridge Energy Partners LP (EEP) and Enbridge Income Fund (EIF) announced Aug. 24 a joint project to further expand crude oil pipeline capacity for growing production in the Bakken and Three Forks formations in Montana, N....... </article> <article> <h1>Piceance basin oil-shale study finds 1.5 trillion bbl in place</h1> <p>Nick Snow — Mon, 30 Aug 2010 05:00:00 GMT</p> <strong>August 30,2010</strong> --An estimated 1.5 trillion bbl of oil in place lies in Western Colorado's Piceance basin oil shale, the US Geological Survey said in the first comprehensive assessment published since 1989..... </article> <article> <h1>Study: Cutting IDC, Sect. 199 breaks hurts gas more than oil</h1> <p>Nick Snow — Mon, 30 Aug 2010 05:00:00 GMT</p> <strong>August 30,2010</strong> --Eliminating federal tax deductions for intangible drilling costs and for US oil and gas production expenses would hurt oil production growth and devastate future US natural gas development, a Wood Mackenzie study commissioned by the American Petro....... </article> <article> <h1>Watcing Government: No place to hang out</h1> <p>Nick Snow — Mon, 30 Aug 2010 05:00:00 GMT</p> <strong>August 30,2010</strong> --Oil and gas production safety has been a major issue since 11 workers died when the semisubmersible rig drilling BP PLC's Macondo deepwater well exploded on Apr. 20. .... </article> <article> <h1>Venezuela's oil exports down 16% in 2Q</h1> <p>Eric Watkins — Mon, 30 Aug 2010 05:00:00 GMT</p> <strong>August 30,2010</strong> --Venezuela's oil exports dropped 16% in this year's second quarter, largely due to increased use of domestic fuels for electric power, according to a quarterly report by the central bank..... </article> <article> <h1>Uganda's president wants final approval of all oil, gas deals</h1> <p>Eric Watkins — Mon, 30 Aug 2010 05:00:00 GMT</p> <strong>August 30,2010</strong> --Uganda's President Yoweri Museveni, apparently spurred by recent difficulties between his government and Heritage Oil PLC over taxes, said no future oil or gas agreements are to be agreed upon without his approval..... </article> <article> <h1>Watching The World: Yamani foresees OPEC's demise</h1> <p>Eric Watkins — Mon, 30 Aug 2010 05:00:00 GMT</p> <strong>August 30,2010</strong> --Remember Sheikh Ahmed Zaki Yamani? The man who is famous for that saying about the Stone Age? You know: the Stone Age did not end because people ran out of stones?.... </article> <article> <h1>First deepwater oil found off East Africa</h1> <p>Mon, 30 Aug 2010 05:00:00 GMT</p> <strong>August 30,2010</strong> --An exploratory well off Mozambique has penetrated 38 m of net oil and gas saturated sands in the upper of two Cretaceous fan lobes, signaling the first documented occurrence of liquids hydrocarbons in deep water off East Africa..... </article> <article> <h1>Mitsubishi, PWE to form Canadian shale gas joint venture</h1> <p>Eric Watkins — Mon, 30 Aug 2010 05:00:00 GMT</p> <strong>August 30,2010</strong> --Penn West Energy Trust (PWE) agreed to form a 50-50 joint venture with Mitsubishi Corp. to develop PWE's shale gas assets in the Cordova Embayment area and some of its conventional gas assets in the Wildboy area of northeastern British Columbia..... </article> <article> <h1>Trinidad and Tobago reports changes to PSCs</h1> <p>Curtis Williams — Mon, 30 Aug 2010 05:00:00 GMT</p> <strong>August 30,2010</strong> --Trinidad and Tobago announced changes to its production-sharing contracts, reverting to one similar to its 1995 model..... </article> <article> <h1>Afghanistan claims 1.8 billion bbl oil field find</h1> <p>Eric Watkins — Mon, 30 Aug 2010 05:00:00 GMT</p> <strong>August 30,2010</strong> --Afghanistan's ministry of mining announced the discovery of an oil deposit in the northern region of the country, estimating reserves of 1.8 billion bbl..... </article> <article> <h1>Long-term natural gas focus seen to persist</h1> <p>Mon, 30 Aug 2010 05:00:00 GMT</p> <strong>August 30,2010</strong> --Despite the near-stampede to oilier unconventional plays, the US upstream sector remains a highly natural gas-focused industry that is navigating a "messy period" that may not end gracefully..... </article> <article> <h1>Marathon, Dominion settle royalty claims</h1> <p>Mon, 30 Aug 2010 05:00:00 GMT</p> <strong>August 30,2010</strong> --Two more producers agreed to make payments to settle federal charges that they knowingly underpaid natural gas royalties in an ongoing investigation originating with a whistle-blower's lawsuit, reported the US Justice Department and the Bureau of ....... </article> <article> <h1>Higher costs, consolidation expected in Gulf of Mexico</h1> <p>Sat, 28 Aug 2010 11:05:00 GMT</p> <strong>August 28,2010</strong> --<p>Drilling costs and operating expenses in the Gulf of Mexico are apt to escalate in the aftermath of the explosion on Transocean Ltd.’s Deepwater Horizon semisubmersible and the subsequent oil spill from BP PLC’s Macondo well off Lou....... </article> <article> <h1>Enbridge, Suncor partner on Wood Buffalo oil sands line</h1> <p>Fri, 27 Aug 2010 22:05:50 GMT</p> <strong>August 27,2010</strong> --<p>Enbridge Inc. announced Aug. 26 it entered into an agreement with Suncor Energy Inc. to build a 95-km, 30-in. OD crude oil pipeline, the Wood Buffalo Pipeline, connecting the Enbridge Athabasca Terminal, adjacent to Suncor's oil sands plant, to....... </article> <article> <h1>Unconventional gas resources changing more than markets</h1> <p>Fri, 27 Aug 2010 21:20:10 GMT</p> <strong>August 27,2010</strong> --<p>Development of unconventional gas resources is overhauling more than markets. It’s changing companies, too.</p>.... </article> <article> <h1>Kuntur raises cost estimate for Peruvian pipeline venture</h1> <p>Fri, 27 Aug 2010 21:10:50 GMT</p> <strong>August 27,2010</strong> --<p>Kuntur Transportadora de Gas SAC said two pipelines it plans to construct in southern Peru will cost about $3 billion—twice the amount of earlier estimates.</p>.... </article> <article> <h1>TransAtlantic pursues Thrace unconventionals</h1> <p>Fri, 27 Aug 2010 19:50:30 GMT</p> <strong>August 27,2010</strong> --<p>A unit of TransAtlantic Petroleum Ltd., Dallas, has completed acquisition of two subsidiaries of Zorlu Enerji Elektrik Uretim AS for $96.5 million.</p>.... </article> <article> <h1>US drilling increases 12 straight weeks</h1> <p>Fri, 27 Aug 2010 18:05:40 GMT</p> <strong>August 27,2010</strong> --<p>US drilling activity continued increasing for the 12th consecutive week with 1,656 rotary rigs working, 5 more than the previous week and up sharply from 999 during the comparable period in 2009, Baker Hughes Inc. reported.</p>.... </article> <article> <h1>MARKET WATCH: Crude oil price climbs above $73/bbl</h1> <p>Fri, 27 Aug 2010 17:40:50 GMT</p> <strong>August 27,2010</strong> --<p>Oil prices continued climbing for a second session Aug. 26 in the New York market, with the front-month crude contract up 1.16%, topping $73/bbl in its recent trend of trading as a financial instrument while ignoring market fundamentals of supp....... </article> <article> <h1>Colorado</h1> <p>Fri, 27 Aug 2010 17:35:30 GMT</p> <strong>August 27,2010</strong> --<p>Lexam Explorations Inc., Toronto, agreed to participate in a process to prepare a new document in compliance with the US National Environmental Policy Act regarding its authority to drill exploratory wells at the Baca oil and gas project in Sag....... </article> <article> <h1>BP to cut Macondo drill pipe; swap BOP</h1> <p>Fri, 27 Aug 2010 17:15:00 GMT</p> <strong>August 27,2010</strong> --<p>BP PLC was unable to remove three pieces of pipe from the blown-out Macondo well in the Gulf of Mexico, and it now plans to retrieve the Transocean Ltd.’s Deepwater Horizon semisubmersible blowout preventer (BOP) with two pieces of pipe i....... </article> <article> <h1>Tullow expects 'slow down' in Uganda due to tax dispute</h1> <p>Fri, 27 Aug 2010 16:30:40 GMT</p> <strong>August 27,2010</strong> --<p>Tullow Oil PLC, which announced a 152% half-year rise in profits, said it expects “some slow down in activity” in its effort to develop assets in the Lake Albert Rift basin due to an unresolved dispute over capital gains tax (CGT) b....... </article> <article> <h1>ConocoPhillips, OU to study biocorrosion</h1> <p>Fri, 27 Aug 2010 16:20:40 GMT</p> <strong>August 27,2010</strong> --<p>The University of Oklahoma, with start-up funding from ConocoPhillips, is creating a research function on biocorrosion and fuel biodeterioration in the oil and gas industry.</p>.... </article> <article> <h1>Oil flow rising from Hengam field off Iran</h1> <p>Fri, 27 Aug 2010 16:10:30 GMT</p> <strong>August 27,2010</strong> --<p>Production of light oil is approaching 10,000 b/d from an oil field newly on stream in the Strait of Hormuz between Iran and Oman, according to Masoud Mirkazemi, Iran’s petroleum minister.</p>.... </article> <article> <h1>Shell starts commercial-scale tailings field demonstration</h1> <p>Fri, 27 Aug 2010 15:10:20 GMT</p> <strong>August 27,2010</strong> --<p>Shell Canada Energy has commenced its commercial-scale atmospheric fines drying field demonstration for managing tailings from its Muskeg River bitumen mine in the Athabasca area of northern Alberta.</p>.... </article> <article> <h1>Israel</h1> <p>Fri, 27 Aug 2010 14:00:50 GMT</p> <strong>August 27,2010</strong> --<p>Zion Oil & Gas Inc. has spudded the Ma’anit-Joseph-3 well on the Joseph license onshore northern Israel.</p>.... </article> <article> <h1>Tunisia</h1> <p>Fri, 27 Aug 2010 13:56:00 GMT</p> <strong>August 27,2010</strong> --<p>A group led by PetroAsian Energy Holdings Ltd. has spudded the Sidi Toui-4 exploratory well on the 5,608-sq km Ksar Hadada permit in southeastern Tunisia adjoining Ghadames basin discoveries to the south in Libya.</p>.... </article> <article> <h1>Colombia</h1> <p>Fri, 27 Aug 2010 13:30:20 GMT</p> <strong>August 27,2010</strong> --<p>Gran Tierra Energy Inc., Calgary, gauged oil at a delineation well near its Moqueta new field discovery on the Chaza block in the Putumayo basin in southern Colombia.</p>.... </article> <article> <h1>India</h1> <p>Fri, 27 Aug 2010 13:25:40 GMT</p> <strong>August 27,2010</strong> --<p>Oil & Natural Gas Corp. Ltd. reported a new field discovery at the Vadatal-1 exploratory well in NELP Block CB-ONN-2004/2 in the Tarapur area of coastal Maharashtra state 100 km north of Mumbai.</p>.... </article> <article> <h1>Southern Trinidad and Tobago finds indicated</h1> <p>Thu, 26 Aug 2010 21:20:40 GMT</p> <strong>August 26,2010</strong> --<p>Parex Resources Inc., Calgary, leads a group that has drilled a second indicated discovery on the Moruga block in southern Trinidad and Tobago.</p>.... </article> <article> <h1>Officials expand water monitoring for spilled oil</h1> <p>Thu, 26 Aug 2010 21:05:40 GMT</p> <strong>August 26,2010</strong> --<p>The Unified Area Command, which oversees the response to the oil spill in the Gulf of Mexico, has expanded its techniques to determine any presence of oil in the waters off Louisiana, Mississippi, Alabama, and the Florida Panhandle.</p>.... </article> <article> <h1>MARKET WATCH: Crude oil price rebounds above $72/bbl</h1> <p>Thu, 26 Aug 2010 18:20:50 GMT</p> <strong>August 26,2010</strong> --<p>Crude oil prices rose Aug. 25, with the front-month crude contract up 1.2% to once again top $72/bbl, ending a 5-session losing streak in the New York market.</p>.... </article> <article> <h1>Jump seen in N. American pressure pumping capacity</h1> <p>Thu, 26 Aug 2010 18:15:30 GMT</p> <strong>August 26,2010</strong> --<p>Pressure pumping capacity in North America, crucial to activity in burgeoning unconventional oil and gas plays, is set to increase by 40-45% through the end of next year, says Simmons & Co. International.</p>.... </article> <article> <h1>Inpex buys stake in Nganzi block in Congo (former Zaire)</h1> <p>Thu, 26 Aug 2010 18:00:50 GMT</p> <strong>August 26,2010</strong> --<p>Inpex Corp. was approved by the government of Congo (former Zaire) to acquire a 20% participating interest of the onshore Nganzi block with Soco Exploration & Production DRC, a subsidiary of Soco International PLC.</p>.... </article> <article> <h1>Offshore oil planning requires more science, spill commission told</h1> <p>Thu, 26 Aug 2010 17:25:00 GMT</p> <strong>August 26,2010</strong> --<p>More robust science is clearly needed in federal offshore oil and gas planning, several witnesses told US President Barack Obama’s independent commission on the Gulf of Mexico oil spill and offshore drilling on Aug. 25.</p>.... </article> <article> <h1>Shell, Cosan eye Brazilian ethanol venture</h1> <p>Thu, 26 Aug 2010 17:16:00 GMT</p> <strong>August 26,2010</strong> --<p>Shell International Petroleum Co. and Cosan SA, Piracicaba, Brazil, have signed binding agreements to form a $12 billion joint venture for production and sale of ethanol and electric power from sugar cane.</p>.... </article> <article> <h1>Ensco retrieves Ensco 69 jack up from Venezuela</h1> <p>Thu, 26 Aug 2010 16:55:10 GMT</p> <strong>August 26,2010</strong> --<p>Ensco PLC reported that it retrieved Ensco 69, an independent-leg slot jack up, from Venezuela and moved the rig to Trinidad and Tobago.</p>.... </article> <article> <h1>Petrobras joins cellulosic ethanol project</h1> <p>Thu, 26 Aug 2010 15:50:20 GMT</p> <strong>August 26,2010</strong> --<p>Petrobras America has entered a joint development agreement with KL Energy Corp., Rapid City, SD, to develop technology for producing ethanol from sugarcane bagasse.</p>.... </article> <article> <h1>China</h1> <p>Thu, 26 Aug 2010 15:00:50 GMT</p> <strong>August 26,2010</strong> --<p>Far East Energy Corp., Houston, said coalbed methane production from a pilot area on the Shouyang block in China’s Shanxi Province has surpassed 1 MMcfd.</p>.... </article> <article> <h1>Ecopetrol plans 450,000 b/d crude oil line</h1> <p>Thu, 26 Aug 2010 14:10:50 GMT</p> <strong>August 26,2010</strong> --<p>Ecopetrol SA incorporated a new special-purpose company, Oleoducto Bicentenario de Colombia SAS, to construct and operate a 960-km, 450,000-b/d oil pipeline to move crude from the Llanos basin to the port of Covenas for export.</p>.... </article> <article> <h1>North Dakota</h1> <p>Wed, 25 Aug 2010 19:05:10 GMT</p> <strong>August 25,2010</strong> --<p>Resolute Energy Corp., Denver, signed a deal with Marathon Oil Corp. to develop 19,000 gross acres in the Bakken oil and gas trend in McKenzie County, ND.</p>.... </article> <article> <h1>MARKET WATCH: Crude oil falls below $72/bbl to 11-week low</h1> <p>Wed, 25 Aug 2010 18:05:10 GMT</p> <strong>August 25,2010</strong> --<p>Energy prices continued to tumble Aug. 24 with crude dropping 2% to an 11-week low below $72/bbl in the New York market after the National Association of Realtors reported sales of existing US homes plunged 27% to a 15-year low in July with exp....... </article> <article> <h1>Romania</h1> <p>Wed, 25 Aug 2010 18:00:40 GMT</p> <strong>August 25,2010</strong> --<p>Regal Petroleum PLC, operator and full owner of the 6,285-sq km Barlad concession in northeastern Romania, has spudded the E-1 Sagna exploratory well.</p>.... </article> <article> <h1>Enbridge announces Bakken crude system expansion</h1> <p>Wed, 25 Aug 2010 17:50:20 GMT</p> <strong>August 25,2010</strong> --<p>Enbridge Inc. affiliates Enbridge Energy Partners LP (EEP) and Enbridge Income Fund (EIF) announced Aug. 24 a joint project to further expand crude oil pipeline capacity for growing production in the Bakken and Three Forks formations in Montana....... </article> <article> <h1>Hydrates slowed removal of pipe from Macondo well</h1> <p>Wed, 25 Aug 2010 17:25:10 GMT</p> <strong>August 25,2010</strong> --<p>BP PLC has flushed out hydrates that it found in Transocean Ltd.’s Deepwater Horizon semisubmersible blowout preventer and a capping stack on the blown-out Macondo well in the Gulf of Mexico, a government spokesman said.</p>.... </article> <article> <h1>Roc gains CNOOC approval for Beibu Gulf development</h1> <p>Wed, 25 Aug 2010 17:10:50 GMT</p> <strong>August 25,2010</strong> --<p>A joint venture led by Roc Oil Ltd., Sydney, has received approval from China’s CNOOC for the overall development plan for three offshore oil fields in the the Beibu Gulf.</p>.... </article> <article> <h1>Venezuela's oil exports down 16% in second quarter</h1> <p>Wed, 25 Aug 2010 16:55:40 GMT</p> <strong>August 25,2010</strong> --<p>Venezuela’s oil exports dropped 16% in this year’s second quarter, largely due to increased use of domestic fuels for electric power, according to a quarterly report by the central bank.</p>.... </article> <article> <h1>ONGC awards gas processing work</h1> <p>Wed, 25 Aug 2010 15:25:10 GMT</p> <strong>August 25,2010</strong> --<p>India’s Oil & Natural Gas Corp. has awarded gas processing contracts worth 11.95 billion rupees ($25 million) to Larsen and Toubro Ltd., Mumbai, to expand processing capacity at ONGC’s gas processing plants at Uran and Hazira.</p>.... </article> </main></body></html>