Site Navigation World Industry News Exploration & Discoveries Drilling & Completion Development & Production Licensing & Concessions Geosciences Health Safety Environment Company News Special Features Technical Reports Regional Spotlight Hot Spots Oil/Gas Prices & Analysis World E&P Stats New Products & Services Industry Calendar Industry Book Reviews Industry Associations Industry Links Search Archives Upcoming Events July 7-11 Institute of Electrical & Electronics Engineers/IGARSS International Geoscience and Remote Sensing Symposium July 13-15 20th World Oil Forum July 14-15 API Offshore Crane Operations and Safety Conference July 26-27 2nd Annual Compressed Gas Conference & Exhibition August 4-6 Asia Pacific Oil & Gas Conference & Exhibition August 4-6 SPE Asia Pacific Health, Safety, Security and Environment Conference and Exhibition August 13-15 AAPG Central Atlantic Conjugate Margins Conference August 19 IADC Drilling Engineering Association Workshop More Events New Products/Services New diamond insert for downhole cutting tools Latest version of petrophysics interpretation software Well intervention flow profiling VFF positive displacement flowmeters To submit new products or services click here Latest Headlines PetroChina puts Tarim Basin gasfield on production (7/3/2009) PetroChina reported today it has commenced production from its Dina-2 Field in China's Xinjiang Tarim Basin... Antrim awarded another block in UK North Sea near Fyne (7/3/2009) Antrim Energy said today it has been offered a block in the central section of the UK North Sea in its core operating area... Turkmenneft puts Karakum Desert field onstream (7/3/2009) Turkmenistan's State Information Agency today reported Turkmenneft, the national oil company, commenced production... North American working rigs up for 3rd week (7/3/2009) Baker Hughes reported today the number of oil and gas rigs drilling in the United States rose again for the third week... Petrofac picks up $350 million Oman gasfield project (7/3/2009) Petrofac today reported it has been awarded a contract worth more than US$350 million for Oman's Kauther gasfield... PDVSA & Petrovietnam forming Junin-2 JV (7/3/2009) Petrovietnam reported today it is establishing a joint venture with Petroleos de Venezuela to develop and produce heavy oil... Perenco threatens to sue over seized Ecuador oil (7/3/2009) Perenco today advised it is prepared to sue any company that buys or transports crude oil seized by Ecuador... APICO drilling northeast Thailand exploration well (7/3/2009) Salamander Energy said today operator APICO has commenced drilling an exploration well onshore northeast Thailand... Petrominerales abandoning Chiguiro Este test well (7/3/2009) Petrominerales unit reported today it is plugging and abandoning its Llanos Basin exploration well in Colombia... Santos buys stakes in Gastar assets & Eastern Star Gas (7/3/2009) Santos said today it has significantly increased its coalbed methane (CBM) acreage in New South Wales, Australia... Eni receives enviro order re Goliat Field (7/3/2009) The Norwegian Petroleum Safety Authority said today it has ordered Eni Norge to collect environmental data... South & North Pars Fields to be completed by 2015 (7/3/2009) The National Iranian Oil Company revealed today it intends to invest approximately US$65 billion in six years... Po Valley drilling 2nd producer at Italy's Sillaro Field (7/3/2009) Po Valley Energy reported the Sillaro-2 production well on its Sillaro gasfield in northern Italy was spudded today... Petro Andina board rejects Pluspetrol takeover bid (7/3/2009) Petro Andina Resources' board of directors today advised shareholders to reject the unsolicited offer from Pluspetrol... Afren establishes majority Nigerian-owned oil & gas company (7/3/2009) Afren today reported that First Hydrocarbon Nigeria Company has been established as a majority Nigerian-owned... Seadrill repurchasing & selling jackup rig (7/3/2009) Seadrill reported today it has exercised its right to repurchase the jackup drilling rig West Ceres... Trans-Sahara Pipeline pact signed today (7/3/2009) The estimated US$13 billion, 4,128-km Trans-Sahara Pipeline came a step closer to fruition today with the signing in Abuja... Pacific Rubiales drills 4 test wells at Rubiales & Quifa (7/2/2009) Pacific Rubiales Energy said today three new exploration wells have been drilled on Colombia's Rubiales Block... CNPC-CNOOC preparing offer for Argentina's YPF (7/2/2009) China National Petroleum Corporation is reported today to be preparing a bid for Yacimientos Petroliferos Fiscales... Rosneft drilling Sakhalin 3 Veninsky Block (7/2/2009) Rosneft reported today it has begun drilling on the Veninsky Block in the Sakhalin 3 Project off the Russian Far East... Petrobras, YPF & Galp make offer for Uruguay blocks (7/2/2009) A consortium composed of Petroleo Brasileiro, Yacimientos Petroliferos Fiscales, and Galp Energia today petitioned... San Leon awarded Poland's Braniewo license (7/2/2009) San Leon Energy said today its Polish subsidiary Oculis Investments has been awarded the Baltic Basin Braniewo permit... Gastar sells Australian assets for $240 million (7/2/2009) Gastar Exploration reported today it has entered into definitive agreements with Santos for the sale of all of its interest... SBM Offshore completes installation of Frade FPSO off Brazil (7/2/2009) SBM Offshore reported today it has completed installation of the floating production, storage, and offloading vessel... TAG Oil acquisition of Austral Pacific NZ interests accepted (7/2/2009) TAG Oil today advised its offer to acquire Austral Pacific Energy's 66.67% interest in permit PEP38748 onshore New Zealand... Canacol awarded Pacarana TEA in Colombia (7/2/2009) Canacol Energy said today it has been awarded the Pacarana Technical Evaluation Area in Caguan-Putumayo Basin... New Brunswick's Sussex/Elgin Basin holds 67.3 Tcf (7/2/2009) Corridor Resources reported today an independent study of the shale gas resources in southern New Brunswick, Canada... EnCana suspects sabotage in NE BC wellhead leak (7/2/2009) EnCana today advised a gas leak at one of its gasfields in northern British Columbia appears to have been sabotage... TransAtlantic sub spuds Turkish onshore test well (7/2/2009) Otto Energy today reported Incremental Petroleum has commenced drilling the Kuzey Ikihoyuk-1 exploration well... Vangold seeking Kivu license in Rwanda (7/2/2009) Vangold Resources today revealed it is negotiating a Special Hydrocarbon Exploration License with Rwanda... Decommissioning underway at StatoilHydro's Lufeng 22-1 (7/2/2009) China's Lufeng 22-1 Field in the South China Sea today commenced decommissioning after ceasing production... First semi for Shtokmanovskoye drilling launches next week (7/2/2009) The Vyborg Shipyard reported today it will launch the first semisubmersible drilling rig for the Shtokmanovskoye Field... Strata weighing extraction methods for Cadotte bitumen (7/2/2009) Strata Oil & Gas said today it is nearing a decision on extraction technology for Alberta's Peace River Cadotte Project... Chevron puts 1st phase of Angola's Mafumeira onstream (7/2/2009) Chevron said today its subsidiary Cabinda Gulf Oil Company and its partners commenced crude oil production... SeaDragon orders another SeaDragon semisubmersible (7/2/2009) Sembcorp Marine's Jurong Shipyard reported today it has received an order for a second semisubmersible drilling rig... AGR picks up North Sea contract extension (7/2/2009) AGR Field Operations said today it had secured a extension on its contract with StatoilHydro to inspect and certify... Beach's Butlers find holds 1.09-2.15 million bbl oil (7/2/2009) Cooper Energy today reported estimated recoverable reserves in operator Beach Petroleum's Butlers-1 discovery... Subsea 7 wins EPIC contract for Valhall project (7/2/2009) Subsea 7 said today it has been contracted by BP Norway, for engineering, procurement, installation and commissioning... Hess trying for 4 discoveries off Western Australia (7/2/2009) Hess revealed today it has returned to Western Australia's deepwater Block WA-390-P to drill another exploration well... For more headlines check each department in Site Navigation. From the Editor Peak oil? Probably not but reserves have fallen Dev George Managing Editor The planet really isn't running out of oil, even though a number of anti-carbon-energy folk seem to take a degree of pleasure in thinking so. There is, of course, a finite amount of oil beneath the soil and sea of this planet, but that is not something we need to concern ourselves with - at least not for another hundred years. And then it will be a non-issue, since oil will have become so expensive long before that that we will have turned to other sources for energy and the other myriad purposes to which we put oil well before the resource runs dry, if it ever actually does...read more Click here for prior editorials. Oil/Gas Prices & Analysis Crudes settle down again on economic data (7/2/2009) With the exception of the Brent-based crudes Bonny Light, Forties, and Urals/Med, which reported small increases in their price per bbl today, the rest of our monitored benchmarks kept their downward drift with significant drops in prices today on news of government statistics showing an increase in the unemployment rate in the United States having risen to its highest level in 26 years...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. What's New New Book Review: Advanced Drilling Engineering: Principles and Designs Tools Glossary World Time Zones Measurement Conversions Currency Converter About This Site | Contributer's Guide | Newsfeed Services | 2009 Advertising Info | Contact Us ©Copyright 2001-2009, Oil and Gas International, all rights reserved. ISSN: 155-7440. 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