BPZ Resources, Inc. announced the spudding of the CX11-15D well in the Corvina field in the Company’s offshore Block Z-1 in northwest Peru.
The 15D will target the known oil and gas sands in an up dip position with the main objective of proving up a portion of the probable oil and gas reserves and giving [...]

Northern Oil and Gas, Inc. announced the company recently participated in the successful drilling and completion of an additional eight oil producing wells in the emerging Bakken trend of North Dakota. The eight wells began producing at an average initial rate of 768 BOPD.
– The EN-Person-1102H-1 well, located in Mountrail County, ND was operated by [...]

WSP Holdings Limited, a leading Chinese manufacturer of API (American Petroleum Institute) and non-API seamless casing, tubing and drill pipes used in oil and natural gas exploration, drilling and extraction (”Oil Country Tubular Goods” or “OCTG”), and other pipes and connectors, today announced that its wholly-owned subsidiary, Wuxi Seamless Oil Pipes Company, Limited (”WSP China”), [...]

President Bush will send Energy Secretary Samuel Bodman to Saudi Arabia for a one-day meeting of oil producers.
Bodman will lead a U.S. delegation at the meeting on Sunday in the port city of Jiddah in Saudia Arabia, the world’s largest oil producer. The Saudis called the meeting of oil producing countries and consumers to discuss [...]

The International Energy Agency said it hopes talks in Saudi Arabia later this month between oil producing and consuming nations will “convey clear messages that oil supply is going to keep pace with demand growth in the coming years.”
“We would welcome an opportunity to act collectively to reassure the market about future demand and [...]

XTO Energy is acquiring oil producing properties and undeveloped land from Headington Oil for $1.85 billion in cash and stock.
XTO Energy Inc. will buy 352,000 acres of Bakken Shale land in Montana and North Dakota. XTO estimates there are 68 million barrels of oil equivalent in proved reserves on the land. The acquisition will increase [...]

XTO Energy says it is acquiring oil producing properties and undeveloped land from Headington Oil for $1.85 billion in cash and stock.
XTO Energy Inc. said Wednesday it will buy 352,000 acres of Bakken Shale land in Montana and North Dakota from privately held Headington Oil Co. XTO estimates there are 68 million barrels of oil [...]

The main militant group in Nigeria’s oil-rich south said it would halt hostilities that have helped drive global crude prices higher if the government there would agree to mediation involving former U.S. President Jimmy Carter.
The militants said Carter had agreed to help negotiate an end the long-running crisis, but an official affiliated with the former [...]

The world of oil and gas pipelines has long seen its share of hopes and letdowns, and prospects to get Alaska’s massive gas reserves to market are on their way up. ConocoPhillips and BP announced last week they would bid on the pipeline, and perhaps Exxon Mobil would join it, The New York Times reports.
Alaska [...]

The government is beginning to show concern that the country could achieve its crude oil production target this year amid soaring price in the world market.
Head of the fiscal policy of the finance ministry Anggito Abimanyu said the country’s crude oil production has shown a downtrend, adding production has always been below 917,000 barrels as [...]