2011

Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce that it has commenced drilling the KZIE-1 exploration well on the East Kyzylzhar I prospect in Block E. Total depth of the well will be approximately 1,500 metres, targeting potential Jurassic and …

OPEC daily basket price stood at $112.68 a barrel Friday, 8 July 2011, compared with $110.76 the previous day

TGS will commence acquisition of a new 7,700 km 2D survey in the Russian Arctic Sea. Data acquisition will begin in early August with 4,500 km in the Laptev Sea before the vessel moves to the East Siberian Sea to acquire an additional 3,200 km. The survey is in partnership …

Tethys Petroleum Limited today updated on the progress on its Kazakhstan oil exploration and appraisal activities. Work is currently concentrating on the testing of the AKD04 (Dero) and AKD05 (Doris) appraisal wells, and on the continued drilling of the KBD01 (Kalypso) exploration well. Following extensive flow periods and multi-rate testing …

Victoria Oil & Gas Plc, the AIM quoted oil and gas exploration and development company with assets in Cameroon and the FSU, today provides an update on its appraisal and delineation programme in the West Medvezhye, (West Med) oil, gas and condensate licence area in Russia. – Estimated 400 million …

Dzheitune (Lam) B/157 well tested at initial rate of 1,767 bopd Dragon Oil plc, an international oil and gas exploration and production company, announces the completion and initial testing of the Dzheitune (Lam) B/157 development well. The Dzheitune (Lam) B/157 well was drilled to a depth of 2,900 metres and …

Alliance Oil Company’s total oil production for the second quarter of 2011 amounted to 3.8 mbbl compared to 3.8 mbbl in the second quarter of 2010. Preliminary refining volumes at the Khabarovsk refinery amounted to 6.9 mbbl in the second quarter of 2011 compared to 6.0 mbbl in the second …

PetroNeft Resources plc owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, is pleased to provide an update on its operations. Highlights: · Kondrashevskoye No. 2 sidetrack well confirms 2P reserves · Lineynoye 206 contains thickest oil pay encountered to date · Lineynoye/West Lineynoye has materially thicker …

Revolution II Multiclient Survey Underway in the Central Gulf of Mexico WesternGeco today announced the start of the Revolution II multiclient survey, which builds on the successful Dual Coil Shooting* multivessel full-azimuth (FAZ) acquisition of Revolution I in the Western Gulf of Mexico acquired in late 2010. This latest survey …

National Oilwell Varco, Inc. (NYSE:NOV) and Ameron International Corporation, (NYSE:AMN) have entered into an agreement under which NOV will acquire Ameron in an all cash transaction that values Ameron at approximately $772 million. Under the agreement, Ameron’s stockholders would receive $85.00 per share in cash in return for each of …