Site Navigation World Industry News Exploration & Discoveries Drilling & Completion Development & Production Licensing & Concessions Geosciences LNG/LPG Health Safety Environment Company News Oil/Gas Prices & Analysis Special Features Technical Reports Regional Spotlight New Products & Services Industry Calendar Industry Book Reviews Industry Associations Industry Links Search Archives Upcoming Events March 21 GPA Annual Convention March 21-25 Howard Weil Energy Conference March 22-23 LNG 2010 March 22-24 CHC Safety & Quality Summit 2010 March 22-24 CIPPE 2010 China Petroleum & Petrochemical Technology & Equipment Exhibition March 22-24 Latin Oil Week & Latin Upstream 2010 March 23-24 International Deepwater Drilling Conference & Exhibition with/ IADC Drilling HSE Asia-Pacific Conference & Exhibition March 23-24 SPE/ICoTA Coiled Tubing & Well Intervention Conference & Exhibition March 23-25 5th Annual China Offshore Summit 2010 More Events New Products/Services MagCUBE boosts directional drilling MWD accuracy Surface-driven gaswell deliquification pump Extended packing life & abrasion-free polished rods Offshore drilling power module To submit new products or services click here Latest Headlines Ivanhoe strikes heavy oil bonanza in Ecuador Ivanhoe Energy has received initial results from its IP-15 exploration well in Ecuador's Amazon Basin Block 20 Pungarayacu Field... Consol pays $3.47 billion for Dominion's Appalachian E&P business (3/18/2010) Consol Energy has entered into a definitive agreement to acquire the Appalachian exploration and production business... No compensation for TNK-BP if Kovyktinskoye expropriated (3/18/2010) Russia's Minister of Natural Resources & Environment Yuri Trutnev said today that TNK-BP will not be compensated... T&T ministry okays Deep Atlantic Area seismic reprocessing (3/18/2010) Spectrum has received approval from the Ministry of Energy & Industries of Trinidad and Tobago to reprocess 12,000 km of 2D... JayHawk spuds Crosby producer in North Dakota (3/18/2010) JayHawk Energy has commenced drilling its Jenks-1 production well, the second well in its multi-well vertical development program... New Zealand's Kupe Gas Project goes on production (3/18/2010) Origin Energy Resources and partners have officially commenced production from the Kupe Gas Project in Taranaki... Spectrum acquiring Australian Seismic Brokers (3/18/2010) Spectrum has entered into an agreement to purchase Australian Seismic Brokers for US$1.3 million and differed consideration... Shell to explore Russia's Yuzhno-Tambeyskoye gasfield (3/18/2010) Royal Dutch Shell is planning to take part in the exploration of Russia's giant Yamal Peninsula Yuzhno-Tambeyskoye gasfield... Mississippi's Armstrong Project well workover underway (3/18/2010) Austin Exploration's first oilwell in the Armstrong Project, the Ellislie Plantation-1 well, is now awaiting arrival of the rig... Forest logs 10 wells in Canadian Deep Basin (3/18/2010) Forest Oil's initial 10-wells in its Canadian Deep Basin Nikanassin Play have achieved an average 14 million cfe/d per well... Noreco takes over operation of Barents Sea license (3/18/2010) Norwegian Energy Company has become the operator with 50% interest in license PL396 in the Norwegian sector of the Barents Sea... CGGVeritas to shoot 2D offshore West Greenland (3/17/2010) ION Geophysical's cableless land seismic acquisition system, FireFly, will be used by Apache Corporation to acquire data k... Salamander farms into Vietnam Song Hong Basin block (3/18/2010) Salamander Energy is farming into a block in Vietnam's Gulf of Tonkin in the Song Hong Basin, Hanoi Trough... PetroLatina putting Colombia's Serafin gasfield onstream (3/17/2010) PetroLatina Energy has commissioned works to connect the Serafin-1 gaswell in Colombia's Middle Magdelana Valley... Kea set to drill new test well in NZ's Taranaki Basin (3/17/2010) Kea Petroleum is gearing up to commence drilling its Wingrove-2 exploration well onshore New Zealand... Red Sky joins Resolve in CSG prone permit area (3/17/2010) Red Sky Energy has entered into an agreement with Resolve Geo to acquire an interest in its Queensland, Australia permit... Apache deploying cableless land seismic system in Argentina (3/17/2010) ION Geophysical's cableless land seismic acquisition system, FireFly, will be used by Apache Corporation to acquire data k... 11 oilfields discovered in Russia's Khanty-Mansiysk in 2009 (3/17/2010) Exploration activities in Russia's Khanty-Mansiysk Autonomous Okrug in 2009 resulted in the discovery of 11 new oilfields... Southern Oklahoma drilling program finds new pay (3/17/2010) Brinx Resources reports that drilling of the OK-4 #1 well has reached total depth and that initial testing indicates a discovery... Aker Solutions wins Ekofisk EPC contract (3/17/2010) ConocoPhillips Skandinavia has awarded Aker Solutions an engineering, procurement, and construction contract for the platform jacket... Afren picks up Transocean jackup for wells off Nigeria (3/17/2010) Afren and its partners Oriental Energy Resources and Amni International Petroleum Development Company, have contracted... Petrobras investing $848.2 million in Sergipe E&P (3/17/2010) Petroleo Brasileiro has determined to launch a major exploratory drilling campaign in Brazil's Sergipe-Alagoas Basin this year... Dejour makes 2 discoveries at its Woodrush Project (3/17/2010) Dejour Enterprises has achieved two oil and gas discoveries at its Peace River Arch project in northeastern British Columbia... Total takes 50% of Kazakhstan's OTG Concession (3/17/2010) Total has signed an agreement to acquire a 50% interest in Kazakhstan's OilTechnoGroup Concession on Kazakhstan's Russian border... US MMS receives almost $1 billion in Central US Gulf sale bids (3/17/2010) The US Interior Department's Minerals Management Service's Central Gulf Lease Sale 213, held today, garnered high bids... No changes in official output by OPEC (3/17/2010) As expected, the Organization of Petroleum Exporting Countries agreed today to stay with its present production levels... Statoil contracts Bideford Dolphin semi for 3 years (3/17/2010) Dolphin, a subsidiary of Fred. Olsen Energy, has entered into a contract with Statoil for a three-year drilling contract... Mesa adds Java Field pipelines in western New York (3/17/2010) Mesa Energy Holdings has acquired two pipeline systems with the acquisition of the Java Field project... Total launches West of Shetland Laggan & Tormore development (3/17/2010) Total has commenced development of the Laggan and Tormore gasfields in the UK offshore frontier region West of Shetland... Seadrill's West Epsilon contracted for 4 years (3/17/2010) Seadrill has received a letter of intent from Statoil for the harsh environment, heavy duty jackup drilling rig West Epsilon... Crest ties North Chapman Ranch producer into sales (3/17/2010) Crest Resources has drilled and completed its Smith-1 production well in the North Chapman Ranch project in Nueces County, Texas... New algorithm minimizes distortion in seismic processing (3/17/2010) Saudi Aramco researchers have patented a new algorithm that improves the interpretation of seismic data by minimizing... J. Ray sub scores SURF project offshore Vietnam (3/17/2010) A subsidiary of J. Ray McDermott has been awarded a subsea infrastructure, umbilicals, risers, and flowlines project... For more headlines check each department in Site Navigation. From the Editor Shale gas an industry game changer Dev George Managing Editor IHS Cambridge Energy Research Associates (CERA) chairman Daniel Yergin calls the present focus on shale gas a potential future energy game changer. He was referring to the phenomenal growth in shale gas exploration and production in North America in the latest study out of his think tank organization of industry analysts, "Fueling North America's Energy Future - The Unconventional Natural Gas Revolution and the Carbon Agenda", which points out that shale gas reserves found over the past few years have more than doubled the size of natural gas resources discovered in the continent, enough IHS CERA says, to accommodate more than 100 years of consumption at today's rates...continue reading Click here for prior editorials. Oil/Gas Prices & Analysis Lower dollar sends crude prices ever higher (3/17/2010) Again today traders at both the New York Mercantile Exchange (Nymex) and the InterContinental Exchange (ICE) in London have driven the prices per bbl of our monitored benchmarks considerably higher than their settlements yesterday with their principal motivation being the US dollar's loss of value against the euro and other international currencies attributable to the US Federal Reserve's announcement that it will continue to hold the interest rate steady where it is...Go to latest O&G prices/analysis Feedback Click here to email your comments and suggestions on this site and any of its articles. Click here to read feedback comments. 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