May 12-16
Canadian Society of Petroleum Geologists Annual Convention May 13-15
Uzbekistan International Oil & Gas Exhibition & Conference May 13-15
International School of Hydrocarbon Measurement May 14-15
26th West Coast Energy Management Congress May 15
IADC Drilling Onshore America Conference & Exhibition May 20-21
6th Maghreb & Mediterranean 2008 May 20-21
SPE Digital Energy Conference May 20-22
Mediterranean Offshore Conference More Events
3D Oil scores with West Seahorse producer
(5/11/2008) 3D Oil advised today a preliminary evaluation of the wireline data obtained from its West Seahorse-3 well off Victoria, Australia...
Lansdowne completes Celtic Sea seismic survey
(5/9/2008) Lansdowne Oil & Gas today reported successful completion of its 2D seismic acquisition program in the Celtic Sea off Ireland...
Vaalco prepping for Gabon drilling program
(5/9/2008) Vaalco said today it is about to commence its 2008 drilling program with three exploration wells and an appraisal well off Gabon...
Australia awards 9 new exploration blocks
(5/9/2008) Australia's Ministry of Resources and Energy today granted nine exploration permits representing a US$425 million investment...
Reliance relinquishes 5 blocks offshore India
(5/9/2008) Reliance Industries is reported today to have returned its interests in five blocks offshore India's Kerala-Konkan Basin...
Colombian guerillas bomb Transandino pipeline (5/9/2008) In a repeat of the March bombing of the Transandino pipeline that transports 100,000 b/d of oil from Colombian fields to export...
MOL farming into ONGC block in NW India
(5/9/2008) Hungary's national oil company Magyar Olaj-es Gazipari advised today it has concluded a farm-in agreement to acquire...
Arpaci appraisal well spudded onshore Turkey
(5/9/2008) Otto Energy reported today joint operators Incremental Petroleum and Petraco have commenced drilling the Arpaci-2 appraisal well...
Prirazlomnaya platform nearing completion
(5/9/2008) Russia's environmental regulation agency Rosprirodnadzor is reported today to have given its stamp of approval...
Bow suspends Donga-4 Queensland test well
(5/9/2008) Bow Energy today reported completion and swab testing were carried out on Donga-4 well in Queensland, Australia's Surat Basin...
Williams adding Piceance gas reserves
(5/9/2008) Williams said today it has agreed to purchase SandRidge Energy's and other parties' interests in Colorado's Piceance Basin...
Indonesia's Citarum Block back on track
(5/9/2008) Sound Oil said today the planned seismic survey of the Citarum Block onshore West Java, Indonesia can get underway now...
Norway launches new APA licensing round
(5/9/2008) The Norwegian Ministry of Petroleum and Energy today launched licensing of blocks in mature areas offshore Norway...
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From the Editor
Surging oil prices threat to world economy
Dev George Managing Editor
Crude oil is now pushing toward US$120 per bbl and is likely to surpass that mark in the next few days due to a range of triggers that are making traders in all the world's major commodities markets fear the worst and bet it will happen by continually buying up futures. The cause of their trepidation is the prospect of insufficient supply to meet world demand - a demand that is lessening somewhat in the OECD countries, with the possible exception of Japan and South Korea, but surging in the dual Asian dynamos China and India...Continue
(5/9/2008) Everything that usually drives up oil prices is at play and has taken prices of oil this week alone higher by at least US$10 per bbl with no end in sight. Malaysia's Tapis, the world's most expensive oil, has risen to $131.43, while Bonny Light from Nigeria has soared to $127.28 and even the traditionally lowest price oil, Urals/Mediterranean, has reached...Continue to latest O&G prices/analysis
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