Fwd: Today's Industry News

-------- Original Message --------

Subject:	Today's Industry News
Date:	Wed, 13 Jul 2011 17:49:05 -0500
From:	RIGZONE <newsletter@rigzonemail.com>
Reply-To:	newsletter@rigzone.com
To:	nbrauchitsch@yahoo.com

	Wednesday, July 13, 2011 Forward this Newsletter Shell Executive Is Optimistic about Alaska Drilling Eliminating Tax Deductions on U.S. Energy Cos Could Increase Debt -Study Halliburton Secures Gig in Chevron's Polish Shale Exploration BP, Co-Venturers to Redevelop N. Sea Fields for $4.8B Most Popular Last 24 Hours Browse Today's 28 Articles Industry Headlines Commodity Corner: Oil Gets Boost from EIA, Bernanke [United States] -- Oil futures received a boost Wednesday from the latest inventory data from the U.S. Energy Information Administration as well as testimony by Federal Reserve Chairman Ben Bernanke. Gov. Regulates Marcellus Drilling Activities [United States] -- Gov. Earl Ray Tomblin, joined by natural gas industry representatives announced the filing of an executive order that directs the DEP to promulgate additional environmental regulations governing Marcellus Shale drilling activities. ConocoPhillips Updates Bohai Bay Cleanup [Far East] -- ConocoPhillips provided additional information in regards to the oil spill incidents that occurred in Bohai Bay and the ongoing clean up and containment program that is underway. DEC Chief Defends Plan For Fracking [United States] -- Joseph Martens says he doesn't see a double standard in new natural gas drilling recommendations that would bar a controversial practice in parts of the state and not others. More Industry Headlines News >> Exploration Dragon Oil Breathes Life into Caspian Well [Caspian/Central Asia] -- Dragon Oil has recently refitted the previously stacked Rig 40 and commenced drilling on the Dzheitune (Lam) 13 platform. Xcite: Keppel Delivers Jackup to Rowan [North Sea] -- Xcite announced that the Rowan Norway rig, scheduled for use on the Bentley field, has now been delivered by the Keppel FELS shipyard in Singapore to Rowan Companies. Northern Petroleum's Operations Unaffected by Italian Ban [Mediterranean/N. Africa] -- "I believe that, Northern has not been badly affected save in the Ionian Sea... We have always conducted our offshore operations with due consideration," said Derek Musgrove. Phoenix Drills Ahead at Marathon Well [Gulf of Mexico] -- Petsec advised that as at July 12, 2011, the Marathon #2 well had reached a measured depth of 18,845 feet (5,744 meters) and preparations are being made to drill ahead. Amerisur to Begin Data Interpretation at San Pedro Block [South America] -- Amerisur expects to begin data interpretation at the San Pedro block during July 2011. Oilex Continues Ops to Demobilize Rig at Cambay PSC [Southern Asia] -- Oilex advised that operations are continuing to demobilize the Black Pearl rig and associated drilling equipment. American Standard Kicks Off Permian Basin Drilling Program [United States] -- American Standard has commenced a 10 net well drilling program in Andrews County, Texas. Petrolympic IDs Oil at Chittam Ranch Well [Canada] -- Petrolympic provided an update on the drilling of its appraisal well 80-2v on the Chittam Ranch property. Force Fuels Begins Phase II of Drilling Plan [United States] -- Force Fuels announced the beginning of Phase II of its drilling plan with Carroll Energy. More Exploration News >> Production BP Evacuates Personnel from Valhall Platform after Fire Erupts [North Sea] -- BP has evacuated personnel from its Valhall oil platform in the Norwegian sector of the North Sea after a fire erupted Wednesday. Petronas Charigali, Turkmenistan Sign New Contract [Caspian/Central Asia] -- Petronas Charigali, the State Agency for Management and Use of Hydrocarbon Resources under the Turkmen President, and the State Concern Turkmengas have signed an agreement for natural gas sales. CB&I Scores Engineering, Construction Contract for Northeastern Facility [United States] -- CB&I has been awarded a contract, valued in excess of $300 million, for a new natural gas processing plant in the Northeastern U.S. Gasco Briefs Operations for 2Q11 [United States] -- Gasco Energy provided an interim operations update on its Riverbend Project in Utah's Uinta Basin and on its California projects in the San Joaquin Basin. More Production News >> Company Operations GE O&G Names New CEO [United States] -- GE Energy announced that Dan Heintzelman, currently CEO of GE Energy Services, has been named CEO of GE Oil & Gas. Petrofac, Petronas Sign MOUs, Strengthen Relationship [Austral-Asia] -- Petrofac has signed two memoranda of understanding (MOU) with Petroliam Nasional Berhad (PETRONAS). Penspen Lands 2nd PMS Contract with Al-Khafji Joint Operations [Middle East] -- Penspen has been awarded a new five-year contract to provide project management services to Al-Khafji Joint Operations in its development of the Khafji and Hout Fields on the Kuwait/Saudi Arabia border. Gulmar Vessel Sets Sail for Port Gentil [West Africa] -- DP2 Construction Vessel Gulmar Condor is sailing from the Gulf of Mexico to Port Gentil (Gabon). More Company Operations News >> Finance & Investing OMV Completes Acquisition of Petronas Carigali [Southern Asia] -- OMV successfully completed the acquisition of the entire share capital of Petronas' E&P operating entity in Pakistan from PETRONAS. Falcon Finalizes Beetaloo Basin Transaction with Hess [Austral-Asia] -- Falcon announced that the Beetaloo Basin Evaluation and Participation Agreement between Falcon and Hess is now in effect and the seismic survey phase of the project will begin once the necessary regulatory permits are finalized. Select Energy Services Acquires Western Company of Texas [United States] -- Select Energy Services announced the acquisition of The Western Company of Texas. More Finance & Investing News >> Rigzone Sponsors View All Sponsors O&G Prices Brent Crude Oil : $118.78/BBL 0.87% Light Crude Oil : $98.05/BBL 0.63% Natural Gas : $4.33/MMBtu 0.00% Unleaded Gasoline : $3.15/gal 1.65% prices from:   7/13/2011 change since:   7/12/2011 Career Center - Operations Manager (Oman) - Scheduler (Anchorage) - Catering Manager - Offshore Commissioning Engineer search jobs >> featured candidates: - Drilling/Completion Consultant - Lead MWD FE transitioning to Drilling Engineer - drilling exploration and production well worldwide - Director, Environmental Health and Safety search for candidates >> Rig Utilization Drill Barge 80.0%  (8/10) Drillship 69.8%  (44/63) Jackup 75.0%  (276/368) Semisub 83.4%  (146/175) Tender 75.9%  (22/29) view complete utilization report Equipment Market Spacer Spools National P-650 Swivel more equipment >>

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