TN PETRÓLEO

Previous News

• Business

  07/27/2010 - RDS Awarded Design Contract for AIOC's Chirag Oil Project

  RDS has been awarded the contract for the Chirag Oil Project (COP) Execute phase by the Azerbaijan International Operating Company (AIOC), operated by BP. Following project sanction, RDS will perform the COP Execute phase including detail design, follow-on engineering and construction & commissioning support. The project is scheduled to run until early 2013.

• Companies

  07/27/2010 - Lion Energy Welcomes New BOD Member

  Lion Energy announced that Mr. David John Birkenshaw, F.C.S.I., of Toronto, has been appointed to the Company's board of directors effective July 21, 2010. With over 20 years' experience, Mr. Birkenshaw brings a solid investment management track record to the Company.

• Economy

  07/27/2010 - Tullow Takes $1.35B Stake in Heritage's Ugandan Assets

  Tullow Uganda has completed the US $1.35 billion acquisition of a 50% interest in Blocks 1 and 3A in Uganda from Heritage O&G ("HOGL") with an additional contractual settlement amount of US $100 million.

• E&P

  07/27/2010 - BP oil spill to boost E&P operational costs

  The BP oil spill in the US Gulf of Mexico will boost costs for E&P projects offshore Brazil and elsewhere, Adriano Pires, director of consultancy Centro Brasileiro de Infraestrutura (CBIE), told.

• Gas

  07/27/2010 - Bow Energy Sees Large Gas Field Potential at Norwich Park

  Bow Energy provided a progress report on the drilling program currently underway in the Norwich Park block, ATP 1031, (Bow 100%) located approximately 300 km north-west of Gladstone, Queensland. Bow has identified three potentially high potential CSG prospects within this block, Vermont, Dysart and Norwich. Bow has now completed the first 4 wells as part of a 7 well initial CSG exploration program.

• Gulf of Mexico Disaster

  07/27/2010 - BP Prices GOM Spill Costs at $32.2B

  BP has taken a pre-tax charge of $32.2 billion for the Gulf of Mexico oil spill, including the $20 billion escrow compensation fund previously announced. The company will also tell analysts later that it plans to sell assets for up to $30 billion over the next 18 months, primarily in the upstream business, and selected on the basis that they are worth more to other companies than to BP.

• Market

  07/26/2010 - E.U., Canada adopt new sanctions against Iran

  Falling into step with the United States, European nations significantly broadened economic sanctions against Iran Monday in what was described as an effort to force Tehran to resume serious negotiations on its disputed nuclear program.

• China Oil Spill

  07/26/2010 - China says ocean cleared of oil 10 days after spill

  Chinese officials said one of the nation's worst oil spills had been cleaned up 10 days after a massive explosion sent an estimated 1,500 tons of crude into the Yellow Sea along the northeastern port city of Dalian.

• Gulf of Mexico

  07/26/2010 - Tropical Storm Threat Passes, Operations Resume in GOM

  Offshore oil and gas operators in the Gulf of Mexico are re-boarding platforms and rigs, and restoring production following Tropical Storm Bonnie. The Bureau of Ocean Energy Management, Regulation, and Enforcement's (BOEM) Hurricane Response Team is monitoring the operators' activities. This team will be activated until operations return to normal and the storm is no longer a threat to the Gulf of Mexico oil and gas activities.

• West Africa

  07/26/2010 - Tullow Hits Oil Pay Offshore Ghana

  Tullow announced that the Owo-1 exploration well in the Deepwater Tano license offshore Ghana has intersected a significant column of excellent quality light oil, potentially adding a billion barrels of oil equivalent to the resource estimate for the area. Results of drilling, wireline logs and samples of reservoir fluids have established Owo as a major new oil field requiring further appraisal.