India's natural gas production to double by 2009 Feb 12, 2007
Indian petroleum minister Mr Murli Deora, has informed the Parliamentary Consultative Committee (PCC) attached to his ministry that with exploration and development efforts made under NELP, natural gas production in the country is likely to be doubled from the present level of about 95 million cubic metre per day to over 190 million cubic metre per day by March 2009.

COSCO wins heavy lift vessels contract valued at US$185.2 million Feb 12, 2007
COSCO Corporation (Singapore) Limited, a leading ship repair & marine engineering and shipping group, announces that its 51%-owned subsidiary, COSCO Shipyard Group has secured a contract from Chinese- Polish Joint Stock Company (Chipolbrok) to build four 30,000dwt MPP heavy lift vessels (HLV) The contract is valued at US$185.2 million (approximately S$287 million).

Eidesvik bags PSV contract from Total Feb 12, 2007
Eidesvik Offshore ASA has through Maritime Logistic Services AS received a Letter of Intent from Total E&P Norge AS for a Time Charter Party for the Platform Supply Vessel (PSV) VS 493 LNG-Avant.

Arrow Energy announces first gas sales from Tipton West Field Feb 9, 2007
The Board of Arrow Energy N.L. (“Arrow”) announces that first gas was sold yesterday from the Tipton West Field to the Braemer Power Project (“BPP”).Under the terms of the Gas Sales Agreement, first gas deliveries were required by 31 March 2007.

FX Energy signs joint venture agreement with PL Energia S.A. to develop Poland Gas Project Feb 6, 2007
FX Energy, Inc. today announced plans to re-enter three Rotliegend gas wells in the Grabowka gas field in the Company’s Fences III project area. Originally drilled by the Polish Oil and Gas Company (PGNiG) in 1983-85, the wells were tested for production but never produced commercially.

India's ONGC joins hands with Gail to lay gas pipeline Feb 5, 2007
India’s exploration giant Oil and Natural Gas Corporation (ONGC) is getting into pipeline construction. The state owned explorer has approved a proposal to ink an memorandum of understanding (MoU) with state-owned gas utility GAIL (India) Ltd for forming a joint venture that will lay pipeline networks for transporting and marketing gas from flagship explorer's new finds in the Krishna-Godavari and Mahanadi basins off the Andhra and Orissa coasts respectively.

Gazprom puts out new Shtokman call to oil companies Jan 26, 2007
The five oil companies once told they were not needed are invited back to develop the giant Shtokman gas field in the Russian Barents Sea, Bloomberg news reported from Davos, Switzerland Friday.

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.

ConocoPhillips, Marathon seek Alaska LNG extension Jan 22, 2007

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.

Seadrill to ply Husky’s Chinese assets Jan 17, 2007
Husky Oil China Ltd. Has awarded Bermuda-registered drilling contractor Seadrill the job of drilling the Chinese continental slope with the deepwater semi-submersible rig West Hercules.