AWE expands Taranaki basin acreage May 24, 2007
AWE has been granted three additional exploration permits in the offshore Taranaki basin by the New Zealand Ministry of Economic Development.

Ikon Science releases new seismic modelling capability May 23, 2007
Ikon Science, the innovative developer of software for the oil and gas industry, today announced the release of the first commercial version of its Modelling While Picking rock physics plug-in to Petrel* seismic-to-simulation software.

Pancontinental's Airborne geophysical survey completed in Kenya May 23, 2007
Pancontinental Oil & Gas NL, through Joint Venture (JV) partner Gippsland Offshore Petroleum Limited has completed the FALCON® airborne gravity data survey to further delineate leads in its 40% held Block L-6 in Kenya’s Lamu Basin.

Bid for offshore Madagascar exploration acreage May 23, 2007
Gippsland Offshore Petroleum has applied for two high potential offshore exploration permits from the Government of Madagascar. The permits are expected to be awarded soon to GOP and its joint venture partner, East Africa Exploration Limited of Dubai.

Lloyd's Register awarded three-year services contract to Woodside Energy May 22, 2007
Lloyd's Register Asia has been awarded a three-year contract by Woodside Energy Ltd for the provision of validation and classification services in Australia.

Canadian Imperial provides western Newfoundland update May 18, 2007
Canadian Imperial Venture Corp. provides the following update on the Company’s western Newfoundland business:

WellDynamics Norge awarded North Sea advanced well steering framework agreement by Hydro May 18, 2007
WellDynamics’s Norwegian office, WellDynamics Norge a.s., has been awarded a framework agreement by Norsk Hydro Produksjon a.s. (Hydro), one of the world’s largest offshore oil companies, to provide and implement SmartWell® intelligent completion technology in three of Hydro’s North Sea fields.

RXT signs exclusive agreement for proprietary EM technology May 17, 2007
Reservoir Exploration Technology ASA (RXT), a multi component seismic acquisition company, has signed an agreement with KMS Technologies for exclusive usage of their electromagnetic (EM) technology for cable based seafloor applications offshore.

Siem Offshore announces charter contract for PSV May 16, 2007
Siem Offshore Inc and a Mexican subsidiary of Energy Sea and Land Projects, Inc. (ESLP) have entered into a firm 5 year charter for the large-size PSV Siem Sailor for operation as a small FPSO for Pemex in the Gulf of Mexico.

Lukoil hydrocarbon production available for sale increases by 7.3% y-o-y May 16, 2007
LUKOIL Group (subsidiary companies and LUKOIL’s share in output by affiliated companies) total hydrocarbon production available for sale reached 2.24 mln boe per day in the first quarter of 2007, up 7.3% y-o-y.

PDO awards Qarn Alam steam project EPC contracts May 15, 2007
Petroleum Development Oman (PDO) has awarded two major engineering, procurement and construction (EPC) contracts for the Qarn Alam steam-injection project.

GeoGlobal provides KG offshore exploration block update May 15, 2007
GeoGlobal Resources Inc. provided an update on the exploration activities of the Gujarat State Petroleum Corporation (“GSPC” or the “operator”) as operator of the exploration block KGOSN- 2001/3 (“KG Offshore Block”).

Joining forces for the effective design of ships for the future May 14, 2007
Aker Yards, Rolls Royce Marine and DNV are joining forces with the Norwegian University of Science and Technology (NTNU) in Trondheim. The intention is to build an international powerhouse for research and education on the topic “The effective design of ships for the future”.

Swiber Engineering announces Sale-Leaseback of Barge, AHTS Vessels May 14, 2007
Swiber Engineering Limited (formerly known as Apecs Engineering Limited), has entered into five (5) Memoranda of Agreement for the sale of the following vessels to the following buyers.

JKX Oil & Gas announces Ukrainian drilling update May 14, 2007
JKX Oil & Gas plc has completed and tested the deeper of two hydrocarbon bearing intervals in Well R102 as part of its ongoing drilling programme at Poltava, Ukraine. Well R102 is the second new well to be drilled by JKX on the Rudenkovskoye Field.