BP Signs Agreement to Amend the North Alexandria and West Mediterranean Deepwater Concessions

BP has announced that it has signed a new agreement with the Egyptian Ministry of Petroleum and the Egyptian General Petroleum Corporation to develop the significant hydrocarbon resources in the North Alexandria and West Mediterranean Deepwater concessions.

SDRL’s ninth consecutive ultra-deepwater newbuild commences operations

Seadrill informs that the ultra-deepwater semi-submersible rig West Orion has commenced drilling operations for Petroleo Brasileiro S.A - Petrobras offshore Brazil. West Orion, which was delivered from Jurong Shipyard in Singapore on April 20 this year, arrived offshore Brazil in early July and has since the been preparing for start-up of operations. West Orion is […]

Houston American Energy Announces Plans to List on the NYSE Amex

Houston American Energy Corp. (NASDAQ:HUSA) , today announced that it has been authorized to list its shares of common stock on the NYSE Amex stock exchange. Houston American anticipates that its common stock will begin trading on the NYSE Amex on July 27, 2010 under its current symbol “HUSA.” Until that time, Houston American’s common […]

VAALCO Energy Provides Update on Drilling Activities

VAALCO Energy, Inc. (NYSE:EGY) today provided an update on the Southeast Etame No. 1 (”ETSEM-1″) exploration well which, as previously announced, was drilled to a total depth of 9,045 feet (2,757 meters) offshore Gabon encountering approximately sixteen feet (five meters) of Gamba sandstone section which logged oil full to base.

AWE’s Kahu-1 drilling update

AWE Limited advises that at 0600 hours today (NZ time) the Kahu-1 exploration well was starting plug and abandonment operations. Wireline logs were acquired after reaching a total measured depth of 3,835 metres. No significant hydrocarbons were detected within the target sandstone reservoirs.

BP releases Update on Gulf of Mexico Oil Spill

BP today provided an update on developments in the response to the MC252 oil well incident in the Gulf of Mexico.
Subsea Source Control and Containment
BP continues to work cooperatively with the guidance and approval of the National Incident Commander and the leadership and direction of federal government including the Department of Energy, Department […]

Halliburton Dividend Declaration

Halliburton (NYSE: HAL) announced that its board of directors has declared a 2010 third quarter dividend of nine cents ($0.09) a share on the company’s common stock payable September 21, 2010 to shareholders of record at the close of business on September 1, 2010.

US fears Gulf seabed oil seepage near stricken BP well

The US fears oil may be seeping from the ocean floor near the stricken Gulf of Mexico oil well.

BlueStone Natural Resources Closes Acquisitions and New Bank Facility

Tulsa based BlueStone Natural Resources, LLC has closed on 4 significant transactions with another transaction pending, more than doubling its net production and reserves. With this activity, BlueStone has increased its net production to near 20 MMCFD and net proved reserves to over 100 BCFE.

Gulf Keystone Petroleum releases Kurdistan Operational Update: Extended Shaikan-1 Well Test, First Production and Sheikh Adi-1 Exploration Well

Gulf Keystone announces the arrival of the initial loads of production facility equipment to the Shaikan field location and the commencement of the rig move by the AOS Discover-1 drilling rig to the Sheikh Adi-1 exploration well site.