VIRGINIA BEACH Those attending a meeting at the Virginia Aquarium and Marine Center last week on offshore oil and gas drilling got a healthy dose of perspective even before the discussion began.
Walking to the meeting room past huge tanks full of sea life provided some feeling for the stakes involved in ending a 25-year federal [...]

Parker Drilling Co. has agreed to sell two rigs and related assets located in Nigeria to Shell Petroleum Development Corp. of Nigeria Ltd. for $46 million.
Houston-based Parker (NYSE: PKD) has already received a 10 percent deposit toward the purchase price for Barge Rigs 73 and 75 and anticipates closing the transaction in late June. The [...]

Shelton Canada says the West Birjuchja No. 1 well in the Sea of Azov offshore Ukraine is currently drilling ahead. The well has reached a depth of 1,000 meters and the planned total depth is 1,700 meters.
The well was spudded on May 9th.
Shelton has a 50 percent interest in the West Birjuchja well. It is [...]

Offshore driller Parker Drilling Co. said Friday it will sell two Nigerian barge rigs and related assets to Shell Petroleum Development Corp. of Nigeria Ltd. for $46 million
The deal is expected to produce a one-time gain of between $2 million and $2.5 million for Parker Drilling. The company has already received a 10 percent deposit [...]

Calgary-based RSX Energy has contracted a telescopic single rig for a one-year term commencing on or about July 15. The rig “Impact 106″ is in the final stages of construction and is capable of drilling to approximately 2500 meters, sufficient for drilling in the company’s operated core areas in Alberta.
The rig will immediately move [...]

Buffalo Gold Ltd. is pleased to announce that reverse circulation percussion drilling will begin this week at it Hannah Nickel-Copper-PGE property in Western Australia.
The initial drill program at Hannah will be comprised of at least 500 metres and will focus on the main target, part of a six kilometre long magnetic anomaly with a [...]

U.S. crude oil futures ended more than a dollar higher on Friday as analysts warned the death of
Iraq’s al Qaeda leader Musab al-Zarqawi on Thursday would not end threats to Iraq’s battered oil industry.
There are other militant groups that could intensify their efforts to carry out sectarian violence and continue to destabilize oil production and [...]

Separatist rebels have been blamed for a series of five explosions that wounded at least six people and blew up oil and gas pipelines overnight in northeast India.
A police spokesman said four landmines and a grenade were set off in Assam state late Friday, hours after a bomb killed five people and injured six in [...]

Ness Energy International, Inc. (OTC Bulletin Board: NESS), announced today the entry into funding agreement with four institutional investors. Pursuant to these agreements, Ness received $900,000 and will be repaying $1,022,727, the difference reflecting the interest on the notes that were a part of the funding agreements.
This financing affords Ness the ability to pursue opportunities [...]

Hemi Energy Group Inc. (Pink Sheets: HMGP) announced today that it has closed an acquisition of producing oil and gas properties in Montgomery County, Kansas. Hemi has also announced that it has recently filed an information disclosure statement pursuant to rule 152C-11 with Pinksheets.com.
The acquisition of this property gives Hemi 100% working interest ownership (80% [...]