Petrohawk to divest Gulf Coast division Jun 26, 2007
Petrohawk Energy Corporation plans to sell the Company's Gulf Coast division, and will concentrate its efforts on developing and expanding its significant base of Mid-Continent natural gas resource-style activities, including tight-gas development in North Louisiana and East Texas and in the Fayetteville and Woodford Shales.

Saga raises $30M in drive for Urals oil Jun 25, 2007
Oslo-listed Saga Oil has raised NOK180 million ($30 million) listing to private and institutional investors, it was announced Monday.

Aker Kvaerner acquires stately, Swedish owners Jun 22, 2007
The Norwegian government and interests controlled by Swedish financiers the Wallenberg family have taken a controlling stake in supplier-contractor Aker Kvaerner, it was announced Friday.

Gazprom to pay up to $900M for Kovytka Jun 22, 2007
BP’s Russian business TNK-BP has agreed to sell to Russian gas giant Gazprom its 62.89 percent stake in Rusia Petroleum, the company holding the license for the Kovytka gas field in East Siberia.

Canoro, ONGC partner in Nagaland Jun 22, 2007
Canoro Resources Ltd. has signed a Joint Study Agreement (“JSA”) with Oil and Natural Gas Corporation Ltd. (“ONGC”).

Phoenicia,CapRock to tap Libya VSAT Market Jun 21, 2007
Phoenicia Group, the leading U.S.-Libyan diversified business and consultancy group, today announced a strategic alliance with CapRock Communications to provide end-to-end VSAT connectivity products and solutions to the oil and gas industry in Libya.

Radial, Canadian partner to complete Rancho Hermoso Agreement Jun 21, 2007
Radial Energy Inc. has partnered with a publicly-traded Canadian company to complete the purchase of 100% of the shares of Rancho Hermoso S.A. Under the new terms of the MOU, the partners have been granted an extension to June 22nd to sign a formal Share Purchase Agreement ("SPA") and deposit an escrow in favor of Rancho Hermoso.

Davie to build half-dozen hotel ships Jun 20, 2007
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.

Crude down on Nigeria strike, US stockpiles Jun 20, 2007
London’s Brent Crude oil futures traded down $0.29 to $71.55 on news an oil-worker strike in Nigeria had not disrupted flows and U.S. stockpiling announcements of later today would mainly cover gasoline.

PGS to buy electro-magnetic MTEM for $275M Jun 20, 2007
Norwegian survey outfit Petroleum Geo-Services will buy electromagnetic services outfit MTEM for $275 million, it was announced Tuesday.

Tecton and SouthView announce merger Jun 20, 2007
Tecton Energy, LLC and SouthView Energy LP announced the merger of the companies effective June 15, 2007. The combined entity will operate as Tecton Energy, LLC, with corporate offices in Houston, Texas and Calgary, Alberta.

Riverdale Oil announces South Texas program Jun 20, 2007
Riverdale Oil and Gas Corp. has embarked on a program to develop the massive oil reserves blanketed under and around the Hitzfelder lease, located approximately 40 miles south of San Antonio, Texas.

Transmeridian updates status of Strategic Sales Process Jun 19, 2007
Transmeridian Exploration Incorporated is continuing with its previously announced plan to obtain proposals for the acquisition of the Company or its South Alibek field.

Harvest announces Assembl approval of Mixed Company Conversion Jun 19, 2007
Harvest Natural Resources, Inc. announced the Venezuelan National Assembly has approved the formation of mixed company Petrodelta, S.A. and the direct award of three additional fields to Petrodelta.

Siem to acquire large size PSV Jun 18, 2007
Siem Offshore Inc has entered into an agreement with Simon Møkster Rederi AS for the acquisition of the 1999-built large-size PSV "Stril Supplier" at a price of NOK 280 million.