(May 16, 2008, 11:05 AM)
Talisman Energy Canada has elected to drill the three remaining option wells under a farmout agreement from Questerre Energy Corp., Calgary, in Quebec's St. Lawrence Lowlands.

(May 16, 2008, 11:05 AM)
Mart Resources Inc., Calgary, and Network Exploration & Production Co. Nigeria Ltd. plans to begin drilling by the end of June in Qua Iboe field in the eastern Niger Delta.

(May 16, 2008, 11:05 AM)
Bankers Petroleum Ltd., Calgary, said it has acquired 100% working interest in 19,000 gross acres in the Appalachian basin in upstate New York.

(May 16, 2008, 11:05 AM)
Exploration extension drilling in Alve field in the Norwegian Sea confirmed natural gas and condensate in a reservoir deeper in mid-Jurassic sandstone than was previously known.

(May 16, 2008, 11:05 AM)
The US FERC has ordered a hearing to determine whether Energy Transfer Partners and three of its affiliates manipulated a market in violation of the commission's rules.

(May 16, 2008, 11:05 AM)
Saipem SPA will reorganize the company's structure by incorporating its wholly owned Snamprogetti SPA unit to improve management efficiency.

(May 16, 2008, 12:05 AM)
In what is considered its first venture into North America, Gazprom Marketing & Trading USA, a wholly owned unit of Gazprom, is set to import Russian LNG from the Shtokman liquefaction project.

(May 16, 2008, 12:05 AM)
Australia may use the $2.5 billion (Aus.) gained over the next 4 years from the imposition of excise taxes on NWS condensate production to pay for a new round of assistance.

(May 16, 2008, 12:05 AM)
A major investment bank has reported an especially low oil-demand forecast.

(May 16, 2008, 12:05 AM)
Willbros Group Inc. and its Willbros International Inc. subsidiary agreed to pay a $22 million criminal penalty for violating the Foreign Corrupt Practices Act, the US Department of Justice said on May 14.

(May 16, 2008, 12:05 AM)
Gas dropped as low as $11.14/MMbtu in intraday trading May 15 on NYMEX, its lowest price in more than a week, following a government report of a bigger-than-expected increase in US underground storage.

(May 15, 2008, 10:05 AM)
Royal Dutch Shell PLC and Repsol-YPF SA have suspended plans to develop Phase 13 of South Pars gas field in Iran as relations between the US and Iran deteriorate and development costs rise.

(May 15, 2008, 9:05 AM)
StatoilHydro discovered commercial quantities of oil and gas in exploration well 30/9-21 S in the Norwegian North Sea.

(May 15, 2008, 9:05 AM)
Refinery construction oriented to gasoline in a market needing distillate is lifting the premium for light crude and contributing to market instability, says the Organization of Petroleum Exporting Countries.

(May 14, 2008, 4:05 PM)
Alon USA Energy, Dallas, reported that Kyle McKeen has rejoined as president and chief executive officer of Alon's subsidiaries.

(May 14, 2008, 3:05 PM)
Indonesia, facing widespread public protests over planned fuel price hikes, aims to lower its costs by reducing imported oil and increasing the country's production to 1.2-1.5 million b/d by 2010.

(May 14, 2008, 11:05 AM)
This week's Australian federal budget has closed a tax loophole, ending an excise exemption worth more than $500,000 on the production of condensate.

(May 14, 2008, 11:05 AM)
BHP Billiton is overseeing repairs to the Neptune TLP in the Gulf of Mexico to reinforce certain structural components in the hull's pontoons as required to meet the TLP's original design intent.

(May 14, 2008, 10:05 AM)
Marathon Oil Co. has appointed Annell R. Bay as senior vice-president, exploration, effective June 23.

(May 14, 2008, 9:05 AM)
Pride International Inc., Houston, signed a definitive agreement to sell its fleet of platform rigs and related equipment to Blake International LLC for $66 million.