Sasol Petroleum International (SPI) has obtained a 51% working interest in four hydrocarbon prospecting licenses covering a land area of 37 000 square kilometers, close to established gas fields in the “foreland” area of Papua New Guinea. Seismic surveying is scheduled to commence in October 2008.
The exploration work will be carried out by newly formed [...]

Emerald Bay Energy Inc. today reported on recent testing activities at Kelsey, Alberta and Medina County, Texas.
KELSEY, ALBERTA
Emerald Bay has recently perforated and tested a New Pool, Basal Belly River natural gas well in Township 43, Range 18 at Kelsey, Alberta (projected 19% working interest). During the 48 hour flow test the Basal Belly River [...]

XTO Energy Inc. has completed its previously announced merger of privately-held Hunt Petroleum Corporation and other associated entities into a wholly-owned subsidiary for approximately $4.2 billion. Consideration in the transaction included about $2.6 billion in cash and 23.5 million shares of XTO common stock.
“We have now closed our purchase of this legacy franchise of quality [...]

Universal Power Corp. announced today that further to the Company’s news release dated August 07, 2008, they have been notified that testing of the Kunene #1 well has been completed. Results of testing and sampling will be released when reviewed and approved by the Namibian government due to the tight hole status of this well.
The [...]

Northern Border Pipeline Company, along with its owners, TC Pipelines, LP and ONEOK Partners, L.P., announced the sale of its wholly owned subsidiary, Bison Pipeline LLC, to TransCanada Pipeline USA Ltd..
The assets of Bison Pipeline LLC include executed precedent agreements, as well as regulatory, environmental and engineering activities completed to date on the Bison Pipeline [...]

A wholly-owned subsidiary of Talisman Energy Inc. has entered into an agreement with Total Holdings Nederland B.V. to sell Talisman’s entire non-operated interests in the Dutch sector of the North Sea for US$480 million, excluding working capital.
“We continue to focus Talisman’s portfolio in line with our new strategy,” said John A. Manzoni, President and Chief [...]

Pride International, Inc. today reported that an air reconnaissance effort in the U.S. Gulf of Mexico was completed on September 2 and that its jackup rigs located in or near the path of Hurricane Gustav have been accounted for. The reconnaissance, conducted from a fixed-wing aircraft, found no visible damage to the units. Offshore personnel [...]

Junex provide information regarding the progress of its 2008-2009 exploration program. This $10 million program, whose principal goal is to evaluate the natural gas potential of the Lorraine and Utica formations Shales as well as the natural gas potential of the Trenton / Black River carbonates on Junex’s lands in the Saint Lawrence Lowlands, includes [...]