Acergy S.A. announced that it had been awarded a contract by Statoil for survey services in the North Sea.
This frame contract, valued at $120 million, is for the provision of survey services for a period of five years from March 15, 2007 with two options, each of two years for the extension of this contract. [...]

Statoil and Hydro have completed a value verification process following the agreement between the companies’ boards of directors to merge Hydro’s oil and gas activities with Statoil.
The intention of the review has been to verify the information exchanged between the parties prior to the conclusion of the agreement.
In connection with the publicising of the merger [...]

The American Stock Exchange® (Amex®) today listed the common stock of Challenger Energy Corp. under the ticker symbol CHQ.
Challenger Energy Corp. is a Canadian company engaged in oil and gas exploration, with its primary emphasis on high impact opportunities offshore Nova Scotia and Trinidad and Tobago. Challenger will begin a three well back- to-back drilling [...]

Norsk Hydro ASA said Monday it will write down the value of its stake in the Front Runner field in the Gulf of Mexico by US$462 million (euro358 million) after taxes due to lower production and higher costs than expected.
The Oslo-based oil and light metals group owns a 25 percent stake in the deepwater field, [...]

Unicorp, Inc. announced that it has entered into an agreement to participate in the North Cayuga Prospect located in Henderson County, Texas. The Cayuga Prospect will be drilled to a depth of approximately 9000 feet to initially test the Rodessa Bacon Lime zone. This prospect has the potential for eight wells and potential gross [...]

Dune Energy, Inc. announced the pricing for its tender offer seeking to purchase all of the outstanding 8% Convertible Secured Debentures (the “Debentures”) issued by American Natural Energy Corp. (”ANEC”) previously announced on December 28, 2006.
Pursuant to the Offer to Purchase, as consideration for the Debentures, Dune offered to pay to the holders thereof, [...]

Petro Resources Corporation announced recent results of its drilling programs in the New Albany Shale and in the Gulf of Mexico. The following results post-date disclosures contained in the Company’s third quarter report on Form 10-QSB filed with the SEC on November 14, 2006.
The Company announced that it has completed drilling operations on its first [...]

The oil ministry on Monday offered oil companies a record 48 exploration licenses for 85 offshore blocks, most near existing fields that Norway hopes will stimulate future production.
Norway, the world’s third largest oil exporter after Saudi Arabia and Russia, began offering unexplored blocks near existing, or mature, finds in 2003 in what it calls Awards [...]