Statoil would neither confirm nor deny on Tuesday the Norwegian state champion had been invited by Gazprom Neft, the gas monopoly's oil business, to help develop a field offshore Sakhalin island. 
Clough Limited has entered into an agreement for an eight year charter of a new subsea operational support vessel. The as yet unnamed vessel will be ready for service in June 2008. Once operational the vessel will be deployed on various projects and contracts, primarily in the Australasian and SE Asian regions. 
Unicorp, Inc. has begun operations to restore production on two of the shut-in wells it recently acquired in its Welsh Field acquisition located in Jefferson Davis Parish, Louisiana. 
Black Dragon Resource Companies, Inc. management today announced that 63 more wells were made operational in June, bringing the Company's total to 513 wells. 
Malcom Wicks is back at the post of U.K. Minister of State for Energy on the appointment of U.K. Business, Enterprise and Regulatory Reform Minister John Hutton, the government declared Tuesday. 
India’s 50-block August licensing round could be cancelled if participating supermajors pull out in reported “protest” over government intervention in production-sharing contracts, it was learned Tuesday. 
Talisman Energy Norge AS (Talisman) has been granted consent for use of Blane. 
Delmar Systems, Inc. under an EPCI (Engineer, Procure, Construct, Install) contract with Shell Exploration & Production Co., Inc., delivered preset MODU (mobile offshore drilling unit) moorings for the Perdido Deepwater Development located in Alaminos Canyon, Gulf of Mexico. Using the latest in deepwater mooring technology, Delmar provided multiple mooring systems for this development drilling project. 
Brazil's Petrobras workers appear to have agreed a five-day strike just as the government announced a report suggesting worldwide oil companies will help investments in the oil province reach $133 billion by 2016, it was learned Tuesday. 
Transmeridian Exploration Incorporated will commission the permanent central production facility, including the associated de-mercaptan unit, for its South Alibek field in western Kazakhstan and temporarily curtail production from the field for an estimated two weeks. |
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Contact Exploration Inc. has received final regulatory approvals required from the New Brunswick Department of Environment to begin production from its second horizontal Stoney Creek well (I-88-2328) and its first reworked vertical well (N-78-2328). 
Irish oil company Petrel said Iraq “will pass” the new Iraqi Hydrocarbon Law this year and it expects the new rules to bring better terms when its $197 million Subba and Luhais development starts up in 2010. 
Melrose Resources plc provides an update on its drilling programme in the Black Sea, offshore Bulgaria. 
U.S. investor heavyweight the California State Teachers’ Retirement System has asked soon-to-be-merged Norwegian oil companies Statoil and Hydro to consider getting out of Iran. 
Arawak Energy Corporation has entered into an agreement, subject to certain conditions, under which the Company expects to acquire Saigak Investments BV, a company which has a 40% participating interest in the Saigak field in Western Kazakhstan. 
Candax Energy Inc. announced that the work-over program on its onshore Ezzaouia field has been successfully completed, resulting in an increase in stabilized gross field production to approximately 3,000 barrels per day (bpd) from 900 bpd (Candax net equity 31.4%). 
Pertamina EP is optimistic that oil production from Pondok Tengah field in Bekasi will exceed 12,000 barrel per day by the end of the year. Pertamina is intensifying development activities, including building production facilities to raise output, Pertamina EP President Director Kun Kurnely said in Jakarta. 
The Department of the Interior’s Minerals Management Service (MMS) had awarded contracts to five companies to transport Royalty in Kind (RIK) crude oil that will be used to resume filling the nation’s Strategic Petroleum Reserve (SPR) with approximately 9.2 million barrels of oil over the terms of the six-month contracts. 
Tekoil & Gas Corporation has executed its first recompletion of an oil producing zone in well 18, located at its North Point Bolivar field. 
Statoil ASA has received consent to use subsea facilities within the Snøhvit project. |
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