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10/06/2008 -
Brazil ANP Cuts Number of Oil E&P Blocks in 10th Auction
Brazil's National Petroleum Agency reduced the number of exploration and production concession blocks scheduled to be auctioned at the so-called 10th round scheduled for December.
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10/06/2008 -
Aker to Deliver Process Systems for Brazilian Tupi Project
Aker Solutions has been awarded a contract with Modec for the delivery of topside Seawater Treatment and Sulphate Removal module for the "Tupi Pilot" project on the Brazilian Tupi field.
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10/06/2008 -
PDVSA,Gazprom to Develop Venezuela Deltana Gas Areas
PDVSA and Russia's OAO Gazprom plan to develop several areas in the Plataforma Deltana offshore natural gas project, a PDVSA official said Thursday.
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10/06/2008 -
Repsol to Spud Exploration Well in BM-S-48 Offshore Brazil
This weekend Repsol will begin operations at its Panoramix prospect offshore Brazil in block BM-S-48. The block is located approximately 120 kilometers off the coast of Sao Paulo.
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10/06/2008 -
Crude Oil Plummets Below $90
Crude oil prices fell more than $4.40, dipping Monday to less than $90 a barrel for the first time since February.
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10/06/2008 -
South Texas Oil Co. Names New VP of Corporate Development
South Texas Oil Company has named Ted Wicks as Executive Vice President of Corporate Development, effective October 2, 2008.
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10/06/2008 -
OPEC Crude Price Plunges
Vienna (dpa) - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) fell by $2.91 last Friday, as global oil prices were pushed down by the financial crisis, the Vienna-based cartel reported on Monday.
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10/06/2008 -
Sterling Strikes Gas at East Breagh in UK North Sea
Sterling Resources Ltd. has announced the successful drilling of the East Breagh well located on Block 42/13 in the United Kingdom North Sea. Sterling holds a 45% interest and is the Operator of the block.
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10/06/2008 -
Iran Wants More Than $100/Barrel for Oil
A price for a barrel of crude oil that is below $100 is unacceptable, Iranian Oil Minister Gholam Hossein Nozari said.
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10/06/2008 -
Egypt's Daily Oil Output Reaches 700,000 Barrels
Egypt has increased its oil output by 55,000 barrels per day (bpd), bringing the country's daily oil production to 700,000 barrels for the first time in 14 years, the official MENA news agency reported Sunday.
