McMoRan announced a successful production test at Flatrock No. 4 (location “C”). The production test, which was performed in the primary Rob-L section, indicated a gross flow rate of approximately 109 million cubic feet of natural gas per day (MMcf/d), 2,500 barrels per day of condensate and zero barrels of water, approximately 124 MMcfe/d (23 [...]

Suncor Energy Inc. announced that its Board of Directors has approved a $6 billion capital spending plan for 2009. Approximately $3.6 billion in spending, or about 60% of the total, is targeted to Suncor’s Voyageur oil sands growth strategy.
“Following a thorough review in light of current financial market conditions, we’ve modified our capital plans for [...]

Twin Butte Energy Ltd. announced today that the Toronto Stock Exchange has accepted Twin Butte’s Notice of Intention to make a Normal Course Issuer Bid to purchase for cancellation, from time to time, as Twin Butte considers advisable, up to a maximum of 3,079,323 of Twin Butte’s issued and outstanding common shares . Purchases [...]

Saxon Oil Company Ltd. announces that it has executed a definitive agreement with Energy (CG) Ltd. (”Energy”) regarding the proposed purchase of 100% of the issued and outstanding shares (the “Acquisition”) of Picogina Holdings BV (”Picogina”) and amended the terms of the non-brokered private placement (the “Offering”) of Saxon units previously announced on September 8, [...]

Allied Energy, Inc. provided the following report regarding its drilling, completion and production operations in Rogers County, Oklahoma for the following programs:
12-Well Program (USCBM)
The Begley #12-3 and Begley #12-4 wells are now in production with the Noble Brewer #12-1 and Noble Brewer #12-2 wells in the final stages of completion. Artificial lift systems are currently [...]

VAALCO Energy, Inc. announced that Gregory R. Hullinger has been named Chief Financial Officer of the Company. Mr. Hullinger succeeds W. Russell Scheirman, who will continue as VAALCO’s President and will assume the additional position of Chief Operating Officer.
Mr. Hullinger, 55, joins VAALCO with more than 30 years of finance, accounting and tax experience at [...]

Technip has been awarded by Petrobras a daily-rate contract (worth more than US$ 100 million) for a two-year charter of the Normand Progress, a vessel specializing in flexible pipeline installation. The contract includes engineering and support services, as well as an additional two-year option.
The Normand Progress will be used for the installation and retrieval of [...]

Petro Resources Corporation announced that the Company has acquired an additional 5% non-operated working interest in the Surprise Prospect operated by Goodrich Petroleum Corporation (GDP - News). The Surprise Prospect is located approximately 5 miles southeast of the Trawick field in Nacogdoches County, Texas. The additional 5% brings the Company’s gross working interest to 10% [...]

Energy Solutions International, Inc., a world-leading supplier of software solutions that optimize operational and commercial performance of oil and gas pipelines, announced that PEMEX Gas y Petroquimica Basica (PGPB) selected PipelineManager® software for comprehensive management of its 12,000 kilometers of natural gas, liquid petroleum gas and petrochemical pipelines. PGPB is one of four divisions of [...]

Blugrass Energy Inc. has signed a Letter of Intent to acquire proven reserves of approximately 500,000Bbls of oil and approximately 1 Bcf of natural gas in Eastern Kentucky. Total price to be paid for the reserves is $759,000 plus 350,000 shares of restricted stock. It is anticipated the transaction will close prior to the end [...]