Dresser-Rand Group Inc. announced that its Norwegian subsidiary will supply four power generation packages for a floating, production, storage and offloading (FPSO) vessel. This will be the first of up to four identical contracts, as part of BP’s Angola development program. The first contract’s sales are estimated at approximately $75 million.
“We are very pleased to [...]

Venoco, Inc. announced that Mark DePuy is resigning as the company’s Chief Operating Officer and Executive Vice President.
“We are very disappointed to lose Mark, but we are supportive of his decision to focus on his family in California. Unfortunately the demands in our Denver corporate office and Mark’s commitments in California were no longer compatible,” [...]

Calvalley Petroleum Inc. announce that it has entered into its first Production Sharing Contract with the Ethiopian Government for the exploration, development and production of petroleum resources in the Gimbi and Metema blocks under a single contract covering a total area of over 46,470 square kilometers (11.5 million acres). Both blocks are located in [...]

Allied Energy, Inc. provided the following update regarding its plans to drill two more wells in Pawnee County, Oklahoma.
Drill-site locations for the Foust #9-9 and Foust #10-9 have been excavated, built and are ready to be drilled in the very near future. The Company has secured a drilling rig to perform the drilling.
“We are tentatively [...]

Denbury Resources Inc. announced that an unsolicited “mini-tender” offer is being made by TRC Capital Corporation to acquire up to 4 million shares of Denbury common stock from shareholders at a price of $13.50 per share.
This price represents approximately a 4.2% discount below Denbury’s closing price on the New York Stock Exchange on October 6, [...]

Freedom Watch demonstrators will carry placards warning OPEC at its emergency meeting here Thursday that any vote to drain more billions of dollars from the U.S. economy at a time when it teeters on the edge of a deep recession, “risks enraging Joe the Plumber.”
The demonstration led by Freedom Watch Founder Larry Klayman will follow [...]

Royal Energy Resources, Inc. announced that a third well is near completion in northern Oklahoma. The well, when drilled, showed both oil and natural gas pockets which could both potentially be developed.
Jacob Roth, CEO of Royal Energy Resources, Inc., stated, “This marks our third investment in the northern Oklahoma area. All three wells showed both [...]

Major oil companies have maintained their stronghold as the world’s most financially effective energy businesses, according to the 2008 Platts Top 250 Global Energy Company rankings announced here Monday evening. But the rankings also point to a performance resurgence by non-oil firms, such as electric utilities, and to the rising importance and influence of Asia-Pacific [...]

Research and Markets has announced the addition of the “Oil & Gas in Norway” report to their offering.
The Oil & Gas in Norway industry profile is an essential resource for top-level data and analysis covering the oil & gas industry. It includes detailed data on market size and segmentation, plus textual and graphical analysis of [...]

Technip has been awarded by Grupa Lotos a lumpsum contract, worth approximately €70 million, for the refinery in Gdansk, Poland.
The contract covers engineering and procurement services for a new solvent deasphalting* unit. The unit will have a feed capacity of 180 tons per hour.
Technip’s operating center in Rome, Italy, will execute the contract. This is [...]