First Calgary loss pales amid Algeria promise Mar 28, 2007
One-time Statoil suiter First Calgary Petroleums has taken a tiny $3.5 million loss for 2006, while announcing that it’s overwhelmingly successful Algerian campaign will feature $90 million in drilling in 2007.

ROC Oil flags Blane cost run to $492M Mar 27, 2007
Aussie independent ROC Oil Co. said Tuesday that weather and topside construction delays have pushed up the price of oil foom the Blane project in the U.K. sector by 20 percent.

Oilexco primes Ocean Guardian for Ptarmigan Mar 26, 2007
Calgary-based North Sea player Oilexo plans to drill “a three-leg well” into the 1994 Ptarmigan oil find from the middle of April onward, it was learned Monday.

BP's Valhall gains royal assent Mar 22, 2007
The Norwegian Oil and Energy Ministry has given U.K. oil producer BP the nod to go ahead and hire the suppliers it needs for the Valhall platform after approving the company’s plan for production and development.

Norway training Arctic E&P cadres Mar 21, 2007
Norwegians are getting so geared up for Arctic energy horizons that include the Goliat, Nucula, Snoehvit and Russian-sector Shtokman finds, that cadres of eager recruits are being trained in Maritime Arctic Competance, OilGas24 learned Wednesday.

Chevron Inaugurates Bibiyana Gas Field Mar 20, 2007
Chevron Corporation today announced the inauguration of the Bibiyana natural gas field, which is located onshore in Block 12 in the northeast of Bangladesh in Habiganj District.

StatoilHydro gains royal ascent for Alve Mar 16, 2007
The Norwegian Parliament has approved Statoil and partners’ NOK2.4-billion ($391 million) development plans for the Alve field, including the right to build a pipeline to the nearby Norne field in the Norwegian Sea.

First Calgary calms market after Algeria appraisals Mar 15, 2007
The share price of First Calgary was so buoyant on Thursday that the Calgary-based, Algeria-anchored gas developer was forced to issue a statement to shareholders saying no corporate news was afoot.

Providence brings GlobalSantaFe to Celtic Sea Mar 15, 2007
An oil-company business of GlobalSantaFe’s has farmed into the Celtic Sea’s Spanish Point acreage in a deal with Dublin-listed Providence Resources, it was learned Thursday.

Soco profit up 42%, as Vietnam spend pays off Mar 15, 2007
London-based E&P outfit, Soco Group, has posted profit for 2006 of $29.1 million, a 42 percent increase on drill bit success in Vietnam and Yemen, a statement Thursday said.

Faroe eyes UK-gas “farm-outs” and Norway Mar 13, 2007
Aberdeen-based E&P outfit Faroe Petroleum is planning to bring in oil company partners as farm outs on North Sea and Atlantic Margin fields, the company announced Tuesday, as it rolled out plans for 2007 that included a Norway focus.

Torp behind Tidelands LNG plan for California Mar 8, 2007
Long Beach-, California based Esperanza Energy will ask state and federal regulators this year if it can build a floationg receiving terminal for liquefied natural gas, or LNG, some 30 kilometres offshore.

Pakistan puts Shell, Total on LNG shortlist Mar 7, 2007
Pakistani National utility Sui Southern Gas Company Ltd. has chosen Shell, Total and ENI among some seven others to build its first import terminal for liquefied natural gas, it was learned today.

EnCana alots C$200M for Deep Panuke pipeline Mar 6, 2007
Canuck operator EnCana has asked Canadian regulators to greenlight two drawings it has for moving offshore Deep Panuk gas onshore, including a C$200-pipeline to Maritime Canada and onward to U.S. customers of the Eastern Seaboard.

Questerre quirk no stopper to BC gas Mar 5, 2007
Oslo-listed Canadian independent, Questerre Energy, has struck gas again at its Beaver Creek well in British Columbia, where up to 540 million cubic feet are targeted.