Circle cites N. African promise, as loss widens Jun 28, 2007
Ireland-based North Africa explorer Circle Oil has posted a near 60-percent greater loss for 2006 than the year before, a $2.78 million deficit incurred for the gain of “lower risk” exploration acreage.

JKX provides Ukrainian drilling update Jun 28, 2007
JKX Oil & Gas plc has completed and tested Well I127 as part of its ongoing drilling programme at Poltava, Ukraine. The well is currently tied back to the Company’s production facility via an existing flowline.

Imperial strikes oil, pipeline contracts in Siberia Jun 26, 2007
Imperial Oil on Tuesday affirmed the oil industry’s 130-year-old fixation with Russia with an oil strike and the declaration of a $245-million pipeline project for wells expected to come on stream.

Victoria Petroleum to test West Florence-1 Jun 26, 2007
Victoria Petroleum N.L. advises that testing of the West Florence-1 well is planned for the third week of July 2007 to evaluate the oil and gas shows observed while drilling the primary target, the Muddy J sand and two zones in the underlying Main Dakota Formation.

ENI notches “no-show” in Norwegian Sea Jun 25, 2007
Italian oil company ENI has a dry well in the tough geology of the Norwegian Sea, where the promising Voering basin south of the Barents Sea keeps its sandstone secrets.

Northern gets all-clear for Adriatic expansion Jun 25, 2007
U.K.-based Adriatic Sea explorer Northern Petroleum has been granted the green light by Italian authorities to begin improving the prospects of three offshore oil discoveries — Giove, Medusa and Rovesti.

Saga raises $30M in drive for Urals oil Jun 25, 2007
Oslo-listed Saga Oil has raised NOK180 million ($30 million) listing to private and institutional investors, it was announced Monday.

Revus reels in reserves at Murchison Jun 25, 2007
Revus Energy has agreed to buy from Statoil a stake in the Murchison field and the Delta discovery via new stakeholdings, it was understood Monday.

Cooper announces Tunisia Bargou 2D Marine Seismic Program Jun 25, 2007
Cooper Energy announces that a contract to acquire just less than 1,000 km of 2D marine seismic in the Bargou Permit in the Gulf of Hamammet has been executed with CGG Services.

i-Tech announces multiple contract awards Jun 22, 2007
Subsea 7 Inc. through its i-Tech division, today announced the award of four new contracts with an estimated total value of $ 30m.

E.ON Ruhrgas participates in new European gas pipeline Jun 22, 2007
E.ON Ruhrgas AG is participating in the joint venture to plan a new European gas pipeline in Scandinavia. This Skanled pipeline is to transport Norwegian gas to Norway, Sweden and Denmark.

Exxoil, Circle round up Tunisian driller Jun 21, 2007
U.K. independent oil company Circle Oil and Tunisian explorer EXXOIL have hired Oil Field Services Co. to drill two onshore wells in the southern African country.

DONG’s Siri to live long on new Ninni oil Jun 21, 2007
Danish oil company DONG and partners announced on Thursday the finding of more tightly packed oil and gas at the Ninni East field than was reckoned to be in place.

J. Ray, Fluor to prop up Poinsettia platform Jun 20, 2007
A consortium of oilfield infrastructure builders J. Ray McDermott and Fluor has been awarded a contract to engineer, build, install and procure for BG’s offshore Poinsettia project in Trinidad & Tobago.

Oilexco on road to development at Huntington Jun 20, 2007
Calgary-based North Sea developer Oilexco has tested the Huntington light-oil discovery and attained flows of 5,577 barrels per day of oil and 3.4 million standard cubic feet per day of gas, or more than thought.