Fwd: Today's Industry News

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

Subject:	Today's Industry News
Date:	Fri, 15 Jul 2011 17:49:02 -0500
From:	RIGZONE <newsletter@rigzonemail.com>
Reply-To:	newsletter@rigzone.com
To:	nbrauchitsch@yahoo.com

	Friday, July 15, 2011 Forward this Newsletter Utilization Rebounding In GOM Chim Sao Set to Premier IEA Reports on State of Oil Markets since Emergency Stockpile Release BHP Billiton Bids High to Extend US Shale Footprint Most Popular Last 24 Hours Browse Today's 25 Articles 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. More Industry Headlines News >> 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. More Exploration News >> 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. More Company Operations News >> Rigzone Sponsors View All Sponsors 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 Career Center - Senior Development Geophysicist - Equipment Maintenance Technologist - Project Finance Manager - Sales Professional - Directional Drilling search jobs >> featured candidates: - Mud Engineer - Qualified Electrician - Marketing Coordinator - Class 2 mechanic search for candidates >> Rig Utilization Drill Barge 80.0%  (8/10) Drillship 69.8%  (44/63) Jackup 75.8%  (279/368) Semisub 83.3%  (145/174) Tender 75.9%  (22/29) view complete utilization report Equipment Market Pulsation Dampener Travelling Block & Hook more equipment >>

	Member Services This email was sent to nbrauchitsch@yahoo.com. Unsubscribe |  Change to Weekly Edition |  Update My Email Address |  My Account Comments and Questions If you have any questions about your newsletter subscription, please send an email to newsletter@rigzone.com or contact us at: 5870 Highway 6 North | Suite 107 | Houston, TX 77084 Promotional Opportunities To learn how you can market your products and services within this email and on the Rigzone.com website, please see our online media kit or call us at 281-345-4040.

Fwd: Top News of the Week

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

Subject:	Top News of the Week
Date:	Fri, 15 Jul 2011 09:45:52 -0500
From:	RIGZONE <newsletter@rigzonemail.com>
Reply-To:	newsletter@rigzone.com
To:	nbrauchitsch@yahoo.com

	Week of July 11 -  16, 2011 Forward this Newsletter 1 ConocoPhillips to Divide into Two Companies 2 BP Evacuates Personnel from Valhall Platform after Fire Erupts 3 GOM Employment Could Increase if Admin. Allows -Study 4 Halliburton Secures Gig in Chevron's Polish Shale Exploration 5 BP, Co-Venturers to Redevelop N. Sea Fields for $4.8B          Most Popular Last 24 Hours Browse Today's 24 Articles Industry Headlines ConocoPhillips to Divide into Two Companies [United States] -- ConocoPhillips has approved pursuing the separation of the co's Refining & Marketing and Exploration & Production businesses into two stand-alone, publicly traded corporations. GOM Employment Could Increase if Admin. Allows -Study [Gulf of Mexico] -- Almost 190,000 new jobs could be created in 2013 if permitting in the GOM for offshore development returned to levels before the Obama admin.'s moratorium. BP, Co-Venturers to Redevelop N. Sea Fields for $4.8B [North Sea] -- On behalf of its co-venturers BP announced an agreement to progress a major redevelopment of the Schiehallion and Loyal oil fields to the west of the Shetland Islands. How Dependent Is the U.S. on Foreign Oil? - EIA Reports Current Trends [United States] -- The US imported about 49% of the crude oil and refined petroleum products that were consumed during 2010, the US EIA noted in a recent brief on the issue. Eliminating Tax Deductions on U.S. Energy Cos Could Increase Debt -Study [United States] -- LSU Economist finds that the Administration's dual capacity and Section 199 Proposals would reduce federal tax revenue by more than $53B. More Industry Headlines Headlines >> Exploration Halliburton Secures Gig in Chevron's Polish Shale Exploration [Europe & Russia] -- Halliburton has been awarded a contract from Chevron for integrated services for shale natural gas exploration in Poland. Lundin Tastes Sweet Success Offshore Malaysia [Austral-Asia] -- Lundin has discovered gas in the Tarap-1 well that was drilled in Block SB303, offshore Sabah, East Malaysia. Shell Executive Is Optimistic about Alaska Drilling [United States] -- A top Shell executive said he is optimistic the company will be able to drill in Alaska next summer. Beach Begins Gas Flow at AU's First Shale Well [Austral-Asia] -- A significant gas flow of up to 2 MMscf/d has been achieved from Beach's Holdfast-1 exploratory shale gas well in the Cooper Basin. Lukoil, Partners Award Deal to Drill 23 Iraq Wells [Middle East] -- Lukoil and its partners have awarded a deal to a "known" service company to drill some 23 new wells at Iraq's supergiant West Qurna Phase 2. More Exploration Headlines >> 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. EIA: Higher US Gas Production Expected for 2011 [United States] -- The EIA raised its forecast for natural-gas production for 2011, and said inventories are expected to come close to last year's record levels this fall. Shell Awards BMT MIS Contract for Mars B Development [Gulf of Mexico] -- Shell has awarded a contract to BMT Scientific Marine Services to provide a MIS to the Olympus TLP in the Mars B Development Project. Wood Group Secures Frame Agreement with Shell Canada [Canada] -- IMV Projects has been awarded a 2-year frame agreement by Shell to provide engineering, procurement and project management services to Shell's projects in Western Canada. Ithaca Updates North Sea Ops [North Sea] -- Ithaca announced progress on Athena and Stella Development projects. More Production Headlines >> Company Operations Pacific Drilling Secures LOA for Drillship [West Africa] -- Pacific Drilling announced that a letter of Award has been converted to a definitive contract for the Pacific Scirocco. 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 Secures Marathon Contract Renewal [North Sea] -- Petrofac announced that its Offshore Engineering & Operations (OE&O) business has been awarded a contract renewal by Marathon. Petrofac, Petronas Sign MOUs, Strengthen Relationship [Austral-Asia] -- Petrofac has signed two memoranda of understanding (MOU) with Petroliam Nasional Berhad (PETRONAS). Magnum Hunter Names VP of Finance [United States] -- Magnum Hunter announced the appointment of Mr. Mark H. Wolf as Vice President of Finance for the Company. More Company Operations Headlines >> Finance & Investing Sevan Marine Briefs Financial Position [Europe & Russia] -- The Board of Directors of Sevan Marine continues to hold constructive dialogue with bondholders and other relevant parties regarding a global restructuring of the Company's balance sheet. 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. Select Energy Services Acquires Western Company of Texas [United States] -- Select Energy Services announced the acquisition of The Western Company of Texas. 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. Faroe Notes Progress on Petoro Asset Swap [Europe & Russia] -- Faroe provided an update on the Petoro asset swap deal. More Finance & Investing Headlines >> RIGZONE SPONSORS O&G Prices Brent Crude Oil : $118.32/BBL -0.39% Light Crude Oil : $95.69/BBL -2.47% Natural Gas : $4.36/MMBtu -0.92% Unleaded Gasoline : $3.12/gal -0.96% prices from:   7/14/2011 change since:   7/13/2011 Career Center - Subsea Deigner - Mgr Business Dev II - Senior Construction Specialist Marine Pipeline Systems - Structural / Civil Designer - CadWorx search jobs >> featured candidates: - Derrickman - Electricial Technician - Drilling Fluids / Mud Engineer - Oilfield experience search for candidates >> Rig Utilization Drill Barge 80.0%  (8/10) Drillship 69.8%  (44/63) Jackup 75.0%  (276/368) Semisub 83.9%  (146/174) Tender 75.9%  (22/29) view complete utilization report Equipment Market SDA 3 1/2 Drill Pipe Slip Cooper HS90 Gear Box more equipment >>

	Member Services This email was sent to nbrauchitsch@yahoo.com. Unsubscribe | Update My Email Address | My Account Comments and Questions If you have any questions about your newsletter subscription, please send an email to newsletter@rigzone.com or contact us at: 5870 Highway 6 North | Suite 107 | Houston, TX 77084 Promotional Opportunities To learn how you can market your products and services within this email and on the Rigzone.com website, please see our online media kit or call us at 281-345-4040.

Fwd: House committee passes bill to promote NPR-A access

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

Subject:	House committee passes bill to promote NPR-A access
Date:	Thu, 14 Jul 2011 15:43:00 -0500 (CDT)
From:	Oil & Gas Journal <news@ogjo-media.com>
Reply-To:	Oil & Gas Journal <news@ogjo-media.com>
To:	nbrauchitsch@yahoo.com

OGJ Daily Update |View online| July 14, 2011| Forward to a Friend

• Market Summary • World Markets • Major Indices • OGJ 200 Index • Oil / Energy Sector • Market Movers • Energy Research • Energy Jobs • Forward to a Friend House committee passes bill to promote NPR-A access The US House Natural Resources Committee approved legislation aimed at removing bureaucratic obstacles and improving access to oil and gas within the National Petroleum Reserve-Alaska by 28 to 14 votes on July 13. ExxonMobil starts plan for Silvertip oil line replacement ExxonMobil Pipeline Co. has begun preliminary work toward replacing the damaged segments of its 69-mile, 12-in. OD Silvertip crude pipeline, which ruptured July 1 and leaked 750-1,000 bbl of oil into the Yellowstone River in Montana. ConocoPhillips to split into upstream, downstream companies ConocoPhillips plans to separate its upstream and downstream businesses into two stand-alone, publicly traded corporations via a tax-free spinoff of the refining and marketing business to ConocoPhillips shareholders. MARKET WATCH: Hint of more economic stimulus boosts energy prices Energy prices continued climbing July 13, with crude posting a small gain in the New York market on a weaker dollar after Federal Reserve Chairman Ben Bernanke indicated an additional monetary stimulus may be in the works. Maverick Georgetown completion attempt set Petrolympic Ltd., Toronto, will attempt completion of a Maverick basin well in the Georgetown formation on the Chittim Ranch as part of an earn-in agreement with Texas HBP and Shell Western E&P Inc. Georgia: Mukhiani-1 onshore wildcat spuds A group led by Range Resources Ltd., Perth, has spudded the Mukhiani-1 onshore wildcat in Georgia towards a projected target depth of 3,500 m. Malaysia: Lundin spuds Miocene prospect off Sabah Lundin Petroleum AB has spud an exploratory well on the Cempulut prospect on Block SB303 off Sabah, Malaysia. Mongolia: Vibroseis 2D survey to cover two blocks A second seismic survey is starting on the Zuunbayan-XIV and Tsagaan Els-XIII blocks in Mongolia, said Manas Petroleum Corp., Baar, Switzerland. Turkmenistan: Third Cheleken rig reactivated Dragon Oil PLC has refitted the previously stacked Rig 40 and resumed drilling on the Dzheitune (Lam) 13 platform in the Caspian Sea off Turkmenistan. ConocoPhillips eyes Canning shale prospects A ConocoPhillips unit has signed a nonbinding heads of agreement with New Standard Energy Ltd., Perth, for an exclusive negotiating period that could lead to joint exploration of NSE’s Goldwyer shale project in the Canning basin onshore Western Australia. IEA: Refinery investments set for 2012 rebound Following a slowdown in refining capacity investments this year, next year will see a slew of refinery projects completed, the International Energy Agency said in its latest monthly oil market report. Realm Energy names exploration vice-president Realm Energy International Corp., White Rock, BC, named Lindell C. Bridges as vice-president, exploration. Share On:

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