ARC Energy announces completion of Canning Basin acqusition Apr 17, 2007
ARC Energy Limited had completed the acquisition of the producing Blina and associated oilfields and surrounding exploration acreage from Golden Dynasty Resources Ltd., a TSX Venture Exchange listed company, and includes:

COSL ammounces 1500 days of safe operation Apr 16, 2007
China Oilfield Services Limited announces semi-submersible rig NH2 of COSL has accomplished its 1,500 consecutive days of safety operation.

Wood Group makes strategic move into India Apr 13, 2007
John Wood Group PLC has bought out its former joint venture Indian partner, Triune Projects Pvt Ltd, to take 100% ownership of J P Kenny Triune Eng. Pvt Ltd, and has established a Group management company, renamed as Wood Group Engineering India Pvt Ltd.

International bags an oil and gas block in Pakistan Apr 13, 2007
International Sovereign Energy Corp. has provisionally been awarded an oil and gas block (Injra) located in the prolific Potowar region of Pakistan. The block covers an area 1,465 Sq. Km and falls into two basins, Potowar basin and Kohat basin.

AWE increases its Bass Basin interest Apr 12, 2007
AWE Ltd will acquire an extra 7.4% of the T/18P permit in the Bass Basin in Bass Strait, which contains the Trefoil and White Ibis gas and condensate fields, to increase its total equity position in the permit to 30%.

Oilex provides testing program, Cambay-72, Cambay Field, India Apr 11, 2007
Oilex Ltd, Operator for the Cambay Field Joint Venture, advised of progress on the re-entry and test programme for the Oligocene OS II reservoir in the Cambay-72 well, onshore Gujarat, India.

Origin Energy enters conditional sale agreement for its Networks business Apr 4, 2007
Origin Energy Limited has entered into a conditional agreement to sell its Networks business to the APA Group (APA) for $556.5 million.

Great Artesian granted Victorian blocks VIC/P63 and VIC/P64 in the offshore Gippsland Basin Apr 3, 2007
Great Artesian Oil and Gas Limited has received advice from the Victorian Department of Primary Industries, on behalf of the Joint Authority, of the grant of offshore Gippsland Basin permits VIC/P63 and VIC/P64 to the company.

The FPSO Polvo fully equipped with the HERNIS 400 Control System Apr 3, 2007
HERNIS recently delivered the CCTV System and Equipment for the FPSO POLVO. The delivery comprises several HERNIS EX286W, PT9W, S7 Camera Stations and HERNIS 400 Control System with the latest Compact Matrix including Digital Recording to capture every video image on each Camera Station. The Factory Acceptance Test was conducted in HERNIS Regional Office, Singapore in the presence of PROSAFE representatives and with great success.

GAIL (India) to lay 5000 km of new natural gas pipelines Apr 2, 2007
State-owned GAIL (India) Ltd plans to invest Rs 180 billion ($4.18 billion) over the next few years in five new pipeline projects and upgradation of the existing trunk lines to take the fuel from gas fields and import locations to consumers.
By T.C. Malhotra

ABB wins $110 million in marine orders Apr 2, 2007
ABB, the power and automation technology group, has signed contracts worth more than $110 million to supply Azipod propulsion, power-generation and power-distribution systems for 19 new vessels being built in Europe and Asia.

BPCL, HPCL win OK for direct tanker charter Mar 30, 2007
The Indian federal government has allowed state-owned oil companies, Bharat Petroleum and Hindustan Petroleum to charter ships directly for oil transportation instead of going through the government's ship chartering agency, Transchart, it was understood Friday.

Ferguson Modular awarded Woodside Angel contract Mar 30, 2007
Ferguson Modular Ltd announced a major £1million (AU$2.5 million) contract award from Woodside Energy Ltd, Australia’s largest independent oil and gas operator.

Otto to accelerate exploration at Filipino oil licences with increased equity position Mar 30, 2007
Otto Energy Limited has increased its equity position at its SC51 and SC55 Filipino oil licence permits by 20% through successful negotiation with Canadian Vital Resources Corp “Vital”.

CNOOC controls costs, ups flows in record year Mar 29, 2007
China’s CNOOC Ltd. oil company declared Thursday that company net income hit a “historical high” in 2006 at $4 billion, 22 percent better on seven new projects on-stream and the “lower pace” of cost increases over peers.