Forties Pipeline System Welcomes Buzzard Crude Jan 23, 2007
BP announced that the first cargo of Forties blend containing crude from the Buzzard oil field has been exported from Hound Point terminal on the Firth of Forth.

Reliance CEO deflects talk of new "strategic partner" Jan 22, 2007
Contrary to some news reportrs, Indian producer Reliance Industries is not planning to turn create a company around the Krishna Godavari gas field, according the Economic Times of India.

Statoil suspends pursuit of Snoehvit oil Jan 18, 2007
Norwegian champion Statoil and partners have decided not to pursue associated oil at the Snoehvit arctic gas field after a wildcat between the field and the Goliat field turned up dry.

Venture Production up ahead of Chestnut and "round rig" Jan 18, 2007
Scotland-based independent Venture Production has posted daily production rates for 2006 which are up 50 percent over a year ago, as 44,706 barrels per day were made ready for market.

BP’s U.S. refineries get millions in safety upgrades Jan 17, 2007
Criticized and harried for safety hurdles at U.S refineries, BP will implement new process safety measures worth $500M a year until 2010, the company’s answer recommendations made by an expert safety committee.

Tubing, construction giants gain Persian Gulf Feb 15, 2007
Saudi and Western European finance and manufacturing elites will jointly build a new seamless tube mill in Saudi Arabia from which to serve the oil and gas industry, OilGas24 learned Thursday.
By WILLIAM STOICHEVSKI