Irish explorer Pan Andean Resources has won two oil and gas blocks “in a competive round” which cover Peruvian highlands and lowlands, including an area near the “world class” Camisea gas-condensate field in the Ucayali basin. 
U.K.-listed independent Irvin Energy has bought a 50 percent stake in 52,000 acres of oil and gas leases in Oklahoma from local producer Metro Energy Group for $11.1 million, in a deal that includes shale developments. 
Mexican army and police have been reinforced after two pipeline blasts in a week proved to be the work of rebels partly protesting the narrow election win of the conservative federal government. 
Electromagnetic Geoservices has been awarded a contract by an unnamed energy company to determine the hydrocarbon content of potential reservoirs offshore eastern Canada using seabed-logging technology. 
London-listed Calgary oil company Solana said it has a gusher in the in southern Colombia, where a Chaza Block wildcat well in the Putumayo Basin has struck oil. 
Paris-based process specialist Technip will transform heavy oil into crude at Fort Hills Oil Sands project near Edmonton, Canada after being awarded a contract by Fort Hills Energy on Thursday. 
U.K. independent Empyrean Energy has reported another gas discovery at the Margarita project on the Gulf Coast of Texas, it was announced Tuesday. 
Heavy oil technology developer Ivanhoe Energy of California has performed a test on ConocoPhillips bitumen from Athabasca, Canada, showing the engineer sent by bankers that a lighter, more valuable crude is obtained by its trademark HTL process. 
Up to six offshore “hotel ships” will be built at the Norwegian-owned Davie Yards in Quebec City, Canada by new entity Ocean Hotels, supported by market money in Oslo. 
Oslo-listed Canadian oil-sands player, Petrobank, has fired up a third well-pair at its Whitesands project, where the “wells” have long been heated in anticipation of this summer’s firing. |
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French-Canadian yard Davie in Quebec City has been handed its third shipbuilding contract in as many months with a US$145.3 million order to make an offshore construction vessel able to lift 400 tonnes into 3,000-metre depths. 
Stallion oilfield services has followed up a $400 million stock market listing and the acquisition of two oilfield service companies by snapping up man-camps in Alaska’s Prudhoe Bay from Rowan Drilling Co. 
BG Group has finalized a deal to supply Chile's first import terminal for liquefied natural gas, or LNG, a project expected to supply 40 percent of the country’s needs. 
The Department of the Interior’s Minerals Management Service (MMS) had awarded contracts to five companies to transport Royalty in Kind (RIK) crude oil that will be used to resume filling the nation’s Strategic Petroleum Reserve (SPR) with approximately 9.2 million barrels of oil over the terms of the six-month contracts. 
Houston-based Pogo Producing said late Monday that it will sell its Northrock Resources business for $2 billion in cash to Abu Dhabi National Energy Co., also called TAQA. 
The Meridian Resource Corporation today announced initial production test results on its Katherine Leary No. 1 well, located in Polk County, Texas, in the Company's East Texas Austin Chalk Play.
BP has shut in 100,000 barrels per day of oil production at its 400,000-bpd Prudhoe Bay field in Alaska after a water pipe leak, it was learned Wednesday. 
Calgary based oil company Antrim has started drilling the first of two exploration wells at the Meianera license in Rio Negro Province, central Argentina.
Pantheon, Petro Hunt back into old salt domes May 21, 2007
U.K. E&P outfit Pantheon Resources has bought its way onto acreage on the fringe of the U.S. Gulf of Mexico by farming into Petro Hunt’s Iberville Parish venture in Louisiana. 
Talisman has struck oil in the National Petroleum Reserve of Alaska with three wells through several formations of sandstone, it was announced Wednesday. |
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