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 January 30-31 Middle East & North Africa Energy Conference January 31-February 1 Global Tight Oil Summit January 31-February 2 Topsides, Platforms & Hulls January 31-February 2 Shutdowns & Turnarounds January 31-February 2 Brazil Gas Congress February 6-7 EMEA Unconventional Gas Exploration & Production Forum February 6-8 SPE Hydraulic Fracturing Technology Conference February 8-9 Subsea 2012 More Events New Products/Services High cost environment wellbore cleanup system Improved wireline conveyance kickover tool Latest Roxar reservoir modeling software Rapid drill-through reaming system To submit new products or services click here Latest Headlines Repsol-Sinopec JV finds oil in Brazil's deepest well The joint venture of Repsol and Sinopec has encountered oil in the deepest well drilled to date offshore Brazil... Canacol puts 3rd of 4 Rancho Hermoso wells onstream (1/27/2012) Canacol Energy has completed the Rancho Hermoso-14 well in Colombia's Llanos Basin Rancho Hermoso Field... Woodside divesting equity in Browse LNG (1/27/2012) Woodside Petroleum is seeking to sell interest in the giant, US$40 billion Browse LNG project off Western Australia... No change to US working rigs count this week (1/27/2012) Baker Hughes has reported the total of rotary rigs working in the United States this week was the same as last week... Bayfield spuds Galeota exploration well off Trinidad (1/27/2012) The first well in Bayfield Energy's exploration and appraisal program in Trinidad's offshore Galeota Block commenced today... Clough Curtain awarded PNG LNG infrastructure project (1/27/2012) The Clough Curtain Joint Venture has received a contract valued at approximately US$154.5 million for work... PNG's Stanley Field development gets go-ahead (1/27/2012) The Stanley Field gas condensate project in Papua New Guinea is to be developed by Horizon Oil and Talisman Energy... Cyclone Iggy shuts down Western Australia fields (1/27/2012) Tropical Cyclone Iggy has strengthened today and is moving directly across Western Australia's major oil production area... Statoil's Snohvit Field reserves boosted 706.3 bcf (1/27/2012) Statoil and its partners in the Norwegian Barents Sea Snohvit Field have increased the gas reserves estimate... Magellan sub puts 1st Montana East Poplar well onstream (1/27/2012) Magellan Petroleum subsidiary Nautilus Poplar has completed its well the East Poplar Unit of the Northwest Poplar Field... Bayfield backing out of Russia's Karalatsky License (1/27/2012) Bayfield Energy is surrendering its Karalatsky License in Russia's Astrakhan Volga Delta after finding no prospects... Essar increases CBM reserves on West Bengal block (1/27/2012) Essar Energy has obtained verification of its coalbed methane reserves in the Raniganj Block in West Bengal, India... New World to finalize Danish farmout agreement with Danica (1/27/2012) New World Oil & Gas expects to negotiate and finalize its farm-in with Danica Resources of its Western Baltic block... Daewoo lined up for Chevron's Mafumeria Sul project (1/27/2012) Daewoo Shipbuilding & Marine Engineering is reported today to be in line for the Mafumeria Sul construction contract... Donnybrook's 2nd Bigstone horizontal taps large gas pay (1/27/2012) Donnybrook Energy's second horizontal well, in Alberta, Canada's Bigstone area has encountered 2,744 meters... OGP launches Arctic spill joint industry program (1/26/2012) The International Association of Oil & Gas Producers has launched a joint industry project to expand prevention and response... Kirkpatrick well blows in Oklahoma, 4 injured (1/26/2012) The second blowout in Oklahoma in three weeks has occurred at a well being drilled horizontally in Logan County... India & Pakistan agree to lay Turkmenistan-to-India pipeline (1/26/2012) India and Pakistan have formalized an agreement first put on the table nearly 20 years ago to build a gas pipeline... Lucas spuds another Hagen Ranch horizontal in Texas (1/26/2012) Lucas Energy has commenced drilling operations on its Hagen Ranch-1HST well in Gonzales County, Texas... Dejour's Kokopelli Field recovery put at 1.12 bcf/well (1/26/2012) Dejour Energy has received a yearend reserves evaluation for its Kokopelli Field in in western Colorado's Piceance Basin... Far East scores with 3 Shouyang CBM wells in China (1/26/2012) Far East Energy has obtained positive test results from three more coalbed methane appraisal wells in Shanxi Province... Total submits $5.5 billion Hild Field development plan (1/26/2012) The Norwegian Petroleum Directorate has received a plan for the development and operation of the Hild Field... Senergy selected to advance NSE North Sea assets (1/26/2012) North Sea Energy has retained Senergy for additional work on five of its UK North Sea prospects and discoveries... Quetzal selling Guatemala interests to SGS (1/26/2012) Quetzal Energy has agreed to sell its Guatemalan subsidiary and two petroleum sharing contracts for US$1.5 million... Ocean Columbia to drill US Gulf Eugene Island field (1/26/2012) Operator Marlin Energy has been informed the jackup drilling rig Ocean Columbia is mobilizing to drill two sidetracks... IGas finds gas with UK Bowland Shale test well (1/26/2012) IGas Energy's exploration well at the Ince Marshes in Cheshire, England has encountered "very significant" shale gas... Technip wins Daewoo deal for Wheatstone platform (1/26/2012) Technip Oceania has been contracted for the detailed design of Chevron's Wheatstone offshore gas processing platform... Obama sets US Gulf lease sale for 20 June (1/26/2012) US President Barack Obama's administration is offering for bid all available unleased areas in the Central Gulf of Mexico... CNOOC & ConocoPhillips to pay oil spill claims (1/25/2012) CNOOC Limited said today China National Offshore Oil Corporation has reached an agreement on compensation... Cairn's 3rd well off Sri Lanka plugged & abandoned (1/25/2012) Cairn India has reported the third exploration well by its Cairn Lanka off Sri Lanka failed to find hydrocarbons... Gulf Drilling contracts 2 landrigs from Lanco (1/25/2012) Gulf Drilling International, a unit of Qatar's Gulf International Services, has ordered two land-based drilling rigs... E.On Ruhrgas comes up dry in Norwegian Sea wells (1/25/2012) E.On Ruhrgas Norge, operator of two Norwegian Sea wildcat wells, has completed one and is completing the other... SES picks up 6,000 channels of FairfieldNodal ZLand system (1/25/2012) FairfieldNodal has delivered 6,000 channels of its ZLand nodal system to Seismic Equipment Solutions... CBM Asia set to acquire Kalimantan, Indonesia CBM block (1/25/2012) CBM Asia Development has signed a heads of agreement with PT Tranaco Utama to obtain the right to acquire 80%... Jupiter Energy confirms 4th successful Kazakh well (1/25/2012) Jupiter Energy has drilled its fourth test well on its Block 31 onshore Kazakhstan extending the Akkar East Field... Sonangol spuds Brazil Reconcavo onshore well (1/25/2012) Sonangol Starfish Oil & Gas has begun drilling an exploration well on the Macauba Prospect in Reconcavo Basin... Heritage takes home another Tanzania concession (1/25/2012) Heritage Oil has been awarded operation and 100% interest in another production sharing agreement in Tanzania... Leni in Trinidad field development JV with Range Resources (1/25/2012) Leni Gas & Oil has formed a partnership with Range Resources to jointly develop their Eastern Fields Area in Trinidad... Tullow spuds Ngamia-1 exploration well in Kenya (1/25/2012) Tullow Oil has commenced drilling its Ngamia-1 exploration well onshore Kenya targeting Miocene oil-bearing sandstones... Samsung scores Iraq's West Qurna 2 contract (1/25/2012) Samsung Engineering has won the bid to construct the central processing facility on Iraq's giant West Qurna Phase 2 Field... Statoil drilling wildcat on Norway's King Lear Prospect (1/25/2012) Statoil has commenced drilling operations in the Norwegian North Sea on a King Lear Prospect exploration well... South Sudan & Kenya agree to $4 billion pipeline project (1/25/2012) South Sudan has concluded an agreement with neighboring Kenya for the construction of an oil pipeline to the Lamu port... Inpex awards McDermott $2 billion Ichthys contract (1/25/2012) McDermott International has received a letter of award for the Ichthys gas-condensate field development subsea project... Hemisphere farms into Alberta's Jenner area (1/25/2012) Hemisphere Energy has entered a farm-in agreement to earn lands in the Jenner area of southeast Alberta, Canada... For more headlines check each department in Site Navigation. From the Editor A lot of hot air in the Persian Gulf Dev George Managing Editor No reasonable person wants nuclear weapons in the armories of any world power, large or small, and certainly not readily available to despots and dictators and those who would impose their will on lesser states. But, even in this modern age when civility and concern for our planet and its inhabitants are supposedly the rule by which action is measured, national strength - ie prominence if not dominance within the world community - continues to be gauged by military might...Continue Click here for prior editorials. Oil/Gas Prices & Analysis Prices rise on US Fed keeping interest rates low (1/26/2012) A day after the US Federal Reserve Bank advised that interest rates will remain low through 2014, markets continued to bank on that news with further buy-ups at both the New York Mercantile Exchange (Nymex) and the Intercontinental Exchange (ICE) in London. The intent of the Fed in keeping interests near zero is to give added stimulus to the US economy...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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