Marathon Oil Corporation announced that its Board of Directors has sanctioned two Gulf of Mexico development projects, Droshky and Ozona. The Board approved a total project cost of $1.3 billion for the Droshky development and $300 million for the Ozona development.
“As we continue to strengthen Marathon’s Gulf of Mexico portfolio, the Droshky development will add [...]
Canadian Superior Energy Inc. announced that Canadian Superior, along with its partners, BG International Limited, a wholly owned subsidiary of the BG Group plc and Challenger Energy Corp. , have successfully run and cemented in place the 9-7/8″ intermediate casing string in the “Endeavour” well, to a depth of approximately 14,492 feet subsea, and that [...]
Atlas Oil and Gas, Inc. announced the results today from the first well in its 8 well project located near the Arkansas River in Pawnee County, Oklahoma. This first well was drilled to a depth of 1688′ and had commercially viable amounts of oil in the Layton from 1542′ to 1551′. The well was acidized [...]
Apache Corporation reported that the WKAL-C-1X discovery on the West Kalabsha concession established the westernmost production in Egypt’s Western Desert. The well flowed 4,746 barrels of oil and 4.4 million cubic feet of gas per day in a test of the Jurassic Safa formation.
The WKAL-C-1X is located in the Faghur Basin, eight miles northwest [...]
Michael Baker Jr., Inc., an engineering unit of Michael Baker Corporation (NYSE Alternext US:BKR), has been selected by the Pennsylvania Department of Transportation (PennDOT) to provide a broad range of engineering services for the replacement of three structurally deficient bridges in Bucks and Montgomery Counties in Southeastern Pennsylvania.
The four-year, approximately $2.7 million contract involves the [...]
Galloway Energy Inc. announces that the Company has signed an engagement agreement with Dominus Energy AG, a Swiss Corporation whereby Dominus will assist Galloway in the introduction of the Company to worldwide opportunities in the oil and gas sector and energy market.
Dominus owns private interests in various oil and natural gas plays worldwide. It is [...]
Oil Refineries Ltd., Israel’s largest oil refiner, announced that it has received a notification from its subsidiary, Carmel Olefins Ltd. (a private company in which the Company holds 50%, and in respect to which the Company has signed an agreement to purchase the balance of its shares as outlined in the press release dated June [...]
Norwood Resources Ltd. announces that testing of the Maderas Negras and San Bartolo wells in Nicaragua was terminated on October 23, 2008. The Company reports that the testing program recovered noncommercial flows of oil in both wells. Tests were impeded by various problems and inaccurate identification of moveable oil from well logs. The Company plans [...]
Endeavour International Corporation announced a discovery at the site of the Knockandoo prospect in the Brage field located in PL055 in the Norwegian North Sea.
The Brage platform well 31/4-A-01 AT2 well found oil in the upper part of the Middle Jurassic Brent Group. The operator StatoilHydro estimates “the size of the discovery is between 1.8 [...]
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 it established a new wholly-owned subsidiary, Bazhou Seamless Oil Pipes Company [...]
