Americas offshore
Houston-based BPZ Energy, Inc., with properties in northwest Peru and southwest Ecuador, has begun testing the recently drilled CX11-21XD well in its Corvina gas field off the coast of Peru. 
Houston-based offshore services outfit, Hercules Offshore, posted a record net income of $35.5 million for fourth-quarter 2006, an erasing of the prior year’s net loss on strong U.S. drilling income that grew 104 percent to $49.1 million.
El Paso eyes $360M in new U.S. southeast pipeline Feb 6, 2007
Liquefied natural gas from El Paso’s Elba LNG facility and natural gas from northern Lousisiana will benefit from a $360-million pipeline expansion planned by group subsidiary Southern Natural Gas, it was understood Tuesday. 
Not long after the opening of its Mobil, Alabama, plant, Aker Kvaerner will start building risers in Brazil for a burgeoning deepsea market thick with new-builds and buttressed by a combined Hydro-Statoil in the nearby Gulf of Mexico. 
Activa Resources AG’s American subsidiary Activa Resources Ltd. in San Antonio, Texas has secured an interest in a new oil exploration project in Liberty County, Texas. 
A respected U.S. consumer-rights group asserted late Thursday that oil companies reporting lower fourth-quarter refining profits in 2006 than in 2005 were “deliberately rewarded” when U.S. President George W. Bush this week said he would double the size of the U.S. Strategic Petroleum Reserve. 
A survey of “clear, sub-salt images” of Gulf of Mexico geology off the Louisiana coast is ready for oil companies to pore over, Anglo-Norwegian seismic outfit TGS-NOPEC reported Thursday. 
Houston-based North Sea player, Apache, is selling bonds to make better use of its other borrowing and to fund the Anadarko Permian Basin development, OilGas24 understood Wednesday. 
Future oil-company revenues in the United States took a blow late Thursday, as the new Democrat-lead House of Representatives passed the Clean Energy Act, which “rolls back subsidies and tax breaks for Big Oil”, the House speaker said. 
International drilling contractor Pride International Inc. is staking its claim to Latin American opportunity and has installed a executive team for “Land and E&P Services”, a statement Wednesday said. 
Vancouver-based oil-equity start-up, Trans-Orient, has privately placed 5.9 million “equity units” of itself for $1 a piece, and hopes to return in earnest to the Myocene deposits off the eastern coast of New Zealand. 
Houston-based equipment maker Tesco Corp. (NASDAQ TESOF) has penned a deal that’ll put its gear on ENSCO offshore rigs, it was heralded Wednesday. |
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