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Rigzone Daily News | |  | |
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| | | Friday, July 15, 2011 | Forward this Newsletter | 
Industry Headlines Commodity Corner: QE3 Expectations Boost Oil [United States] -- Light sweet crude oil for August delivery rallied Friday on expectations that a third attempt by the Federal Reserve to stimulate the economy would be bullish for commodities. BP Sets New Voluntary Standards in GOM Drilling [Gulf of Mexico] -- BP will implement a new set of deepwater O&G drilling standards for its operations in the GOM, demonstrating the company's commitment to safe and reliable operations. Eni Picks Up Tab for PDVSA's Junin 5 Development [South America] -- Eni agreed to finance PDVSA's share of development costs for Junin 5's early production phase up to a total of $1.5 billion USD. Oil Cos Could Adopt BP's New Safety Standards - US Official [United States] -- The nation's top offshore drilling regulator welcomed a plan by BP to voluntarily beef up safety standards and said ExxonMobil, Shell and other major oil companies are equipped to follow suit. Misbehaving Drillers May Undergo New Scrutiny [United States] -- The nation's top offshore drilling regulator said he is examining whether the govt can do more to keep O&G companies with checkered histories from exploring offshore. Corbett's Shale Panel Recommends Drilling Impact Fee [United States] -- Gov. Corbett's Marcellus Shale advisory commission has recommend that Pennsylvania impose an impact fee, rather than a tax, on the extraction of natural gas. N.J. Pressures River Panel to Adopt Gas Rules [United States] -- New Jersey is playing hardball with an interstate commission considering rules on natural gas drilling affecting the Delaware River. Exploration Kosmos' Makore-1 Well All Wet [West Africa] -- Kosmos' Makore-1 exploration well on the West Cape Three Points Block offshore the Republic of Ghana encountered good-quality water-bearing sandstone reservoirs. Salmander Primes Bit for Cat Ba Prospect [Austral-Asia] -- Salamander announced the Aquamarine Driller jackup, which will be used to drill the Cat Ba-1X prospect in Block 101/100-04 is expected to spud before the end of July 2011. OGX Finishes Drilling First Campos HZ Well [South America] -- OGX announced the conclusion of drilling at the horizontal well 9-OGX-39HP-RJS (Pipeline Horizontal). Oilsands Quest Receives 15-Year Leases for Axe Lake [Canada] -- Oilsands Quest has received approval from the Government of Saskatchewan to convert portions of the Axe Lake permits to 15-year leases. Alange Spuds Well in Llanos Basin [South America] -- Alange announced the spudding of the Petirojo-1 exploration well, located in Polygon B of the Cubiro Block in the Llanos Basin. Cooper to Abandon Wheatons-1 Well [Austral-Asia] -- The Wheatons-1 exploration well has been drilled to a total depth of 1882 mRT and wireline logs have been run and interpreted, according to Cooper Energy. PetroLatina Farms-Out Colombia Block to Shell [South America] -- PetroLatina has entered into a farm-out agreement with Shell E&P Colombia for the VMM-28 Exploration Block. Beach, Icon Enter Farmin Agreement for ATP 855P [Austral-Asia] -- Beach and Icon have resolved their dispute in relation to the prospective ATP 855P tenement, and have agreed to work together under a Farmin Agreement. Devon Drills Well in Tx. Panhandle [United States] -- Breitling has spud the Breitling-Buffalo Run #1H on July 10, 2011 in Hemphill County, Texas. Company Operations Magnum Hunter Buys New Rigs [United States] -- Magnum Hunter announced that the Company's Appalachian Basin Division has acquired two new 2011 Schramm T200XD trailer mounted hydraulic drilling rigs. Novatek Tanker Sets Sail on Northern Sea Route [Europe & Russia] -- Novatek has announced the inaugural voyage of a high-tonnage Panamax class tanker, which has navigated a new route north of the New Siberian Islands. Bristow to Bid for SAR Contract [Europe & Russia] -- Bristow announced its intent to offer the British Government a confident and assured solution for the new UK interim Search and Rescue (SAR) contract. Desire Names New Non-Exec. Director [Europe & Russia] -- Desire announced that Graeme Thomson, FCA, will join the Board as an Independent Non-Executive Director and Chairman of the Audit Committee. Southwestern Energy Applauds Fracking Disclosure Law [United States] -- Steve Mueller, President and CEO of Southwestern Energy issued a statement congratulating Texas Governor Rick Perry's decision to sign a hydraulic fracturing disclosure bill into law. |
| O&G Prices  | | Brent Crude Oil : | $117.26/BBL
-0.90% | | Light Crude Oil : | $97.24/BBL
1.59% | | Natural Gas : | $4.55/MMBtu
4.18% | | Unleaded Gasoline : | $3.13/gal
0.32% | | prices from: | 7/15/2011 | | change since: | 7/14/2011 |
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