GeoResources completes mergers with Southern Bay and Chandler Energy Apr 19, 2007
GeoResources, Inc. today announced the closing of the mergers (the Merger) with Southern Bay Oil & Gas L.P. and Chandler Energy, LLC, after receiving all required shareholder approvals.

Dana delivers Devon from Egypt’s desert Apr 18, 2007
U.K. independent Dana Petroleum has bought the Egyptian assets of Devon Energy, in a deal that includes eight production-sharing contracts, it was announced Wednesday.

Transmeridian Exploration retains financial advisor for strategic review Apr 18, 2007
Transmeridian Exploration Incorporated has retained Jefferies Randall & Dewey, a division of Jefferies & Company, Inc., as its financial advisor in connection with the company's previously announced review of strategic alternatives for its South Alibek field in Western Kazakhstan.

Atlantic Oilfield Services receives offer Apr 16, 2007
The board of directors of Atlantic Oilfield Services Ltd has received an offer for 100% of the shares of the company. The offer is a result of a structured process in which the board has invited interested parties to bid for the company's shares, as referred to in the 4th quarter 2006 report.

Newpark Resources announces settlement of all outstanding shareholder litigation Apr 16, 2007
Newpark Resources, Inc. has reached settlements with the plaintiffs in shareholder class action and derivative litigation. As in all shareholder class and derivative actions, the settlement is subject to court approval. Once approved, the settlements will resolve all class and derivative litigation against the Company, its former and current directors, and former officers.

Shell announces settlement of reserve-related claims with European and other non-US investors Apr 12, 2007
Royal Dutch Shell plc today announced the proposed settlement of claims outside the US related to the 2004 restatement of reserves.

Basic Energy closes Sledge acquisition Apr 5, 2007
Basic Energy Services, Inc. has completed the previously announced acquisition of all of the outstanding capital stock of Sledge Drilling Holding, Corp. ("Sledge") for a total acquisition price, net of estimated working capital, of approximately $56 million.

Solstad purchase stake in Rem Offshore ASA (REM) Apr 5, 2007
Solstad Rederi AS, a wholly owned subsidiary of Solstad Offshore ASA (SOFF) has today acquired 14.336.915 shares in Rem Offshore ASA (REM) at an average price of NOK 49,98 pr share.

Tullow farms Itochu into Namibia Apr 4, 2007
U.K. independent Tullow Oil will “sell” Itochu Corp. of Japan a 20 percent stake in its No. 1, Namibian production license comprising the Kudu gas field.

BG buys third U.S. gas plant in six months Apr 2, 2007
BG Group has bought a third gas-fired power plant on the eastern seaboard of the United States, in a move that’ll replace a wholesale market with retail electricity sales, it was understood Monday.

Antrim Energy rides Causeway to $1B profit Apr 2, 2007
Calgary-based North Sea player, Antrim Energy, has posted record net profit of C$1.34 ($1.16 billion) for 2006, a fourfold betterment from the C$3 billion loss recorded for 2005. 

Shell wins prize for Mars salvage mission Mar 30, 2007
Shell has won the 2006 National Ocean Industries Association prize for its recovery of the Mars platform in the wake of Hurricane Katrina, it was learned Friday.

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.

Matra swaps shares for Russia stake Mar 29, 2007
U.K.-based Hungarian acreage-owner Matra Petroleum has agreed to swap new shares in itself of a piece of Russiaan acreage 1,000-odd kilometres south of Moscow, a statement to shareholders said Thursday.

Omni signs letter of intent to acquire assets of Bailey Operating, Inc. Mar 29, 2007
Omni Energy Services Corp. has executed a non-binding letter of intent to acquire certain assets of Bailey Operating, Inc. ("BOI") for $1.8 million in cash.