Vena Resources Inc. is pleased to announce that the second drill program has commenced at Azulcocha West. An additional 27 drill holes have been designed for a total of 8,000 metres of drilling. Drilling includes targets on the Cantagallo, Recuperada and El Triunfo areas along the southern area of the Azulcocha West property including a [...]

Empire Energy Corporation International announced that, along with its wholly owned subsidiary Great South Land Minerals Ltd. (GSLM), it has signed both a Note for AUD $5 million and a Memorandum of Understanding governing formation of a Joint Venture that could cancel the Note and supply up to AUD $40 million of additional funding.
The Note [...]

Mainland Resources, Inc., a Nevada corporation has appointed Ernest G. Sorochan, P. Eng. as a Director of the Board effective July 17, 2008.
Ernest G. Sorochan is a Professional Engineer with a long history of project management, engineering oversight, economic evaluation and operational experience working for international oil and gas companies.
Mr. Sorochan has built a professional [...]

Northgate Minerals Corporation is pleased to report drill results for 34 surface and 59 underground diamond drill holes totalling 33,000 metres, which were completed during the first half of 2008 at the Young-Davidson project near the town of Matachewan in northern Ontario. The purpose of the ongoing diamond drill program is to increase the measured [...]

a fast-growing E&P company with reserves and production from leases located in northern Louisiana, Southern Star Energy Inc, published a report saying that it closed on a $25 million Senior First Lien Secured Revolving Credit Agreement (Revolver) with Macquarie Bank Limited. Proceeds from this facility will be used to fund the development of Southern Star’s [...]

GeoGlobal Resources Inc published that the Gujarat State Petroleum Corporation the operator of the exploration block KG-OSN-2001/3 (”KG Offshore Block”), has successfully tested 17 meters of perforations across the interval depth from 4,652 to 4, 672 meters total measured depth.
GSPC perforated DST-3 (Drill stem test - 3). During clean-up flow, the following stabilized gas/condensate rates [...]

Uruguay Mineral Exploration Inc reports on the results of exploration activities during the quarter ended 31 May 2008.
David Fowler, Chief Executive Officer commented: “We have made good progress in the fourth quarter towards achieving our exploration objectives; results overall have been encouraging.
“Near the mine, we have had better results in the deep drilling program at [...]

An emerging U.S oil and gas exploration and production company, Universal Energy Corp, published an update on drilling operations at its lone oak prospect in Galveston Bay, Texas. As of this morning, drilling at Lone Oak has reached a measured depth of 11,975 feet. Drilling is scheduled to be complete later this week to the [...]

Nevada Corporation and an independent oil and gas company, Bonanza Oil and Gas, Inc, provides us with an update on its Apclark project located in Borden County, TX. President and CEO, Bill Wiseman, Said that The Company is very pleased with the performance and promptness of the drilling and preparedness of the drilling contractor and [...]

The answer to the title question is that the best deal in the sector of energy today is the one which is undone. However it does nor necessarily mean that the Transocean shereholders has nothing to proud of. The company has just scored fresh contract of four from Petrobras. Generally every single contract of Offshore [...]