Deepwater production is challenged by well underperformance issues that are hard to diagnose early on and expensive to deal with later. Problems are amplified by reliance on few complex wells with sophisticated sand control media. A new non-intrusive surveillance method uses acoustic signals sent via the fluid column to identify impairment in sand-screened completions in real time.

This work will commence early September 2008 and have duration of approximately 19 days of continuous offshore survey work.

The "Bounty" exploration well was drilled to a total depth of approximately 17,360 feet and encountered gas bearing horizons with the main targeted zone in the well encountering approximately 200 feet of pay.

The survey area, at more than 9000 km2 and covering 30 blocks, includes all the Barents Sea acreage in the licensing round.

This well should be spudded by the end of the month.

The well is expected to be finished during September 2008.

Aker Exploration is operator for two licenses and the company has already nominated blocks for the forthcoming 20th licensing round.

The operator has also reprocessed an additional 70km of 2D seismic and is integrating regional studies and surface geological work with the newly acquired data.

They will create a 3D map of the Arctic Ocean floor.

The areas are underexplored but considered as highly prospective drilling areas. OMV will be part of international joint ventures with Pakistan Petroleum Limited (PPL) as operator.

Shell has had negotiations with the government of Jordan over a plan to drill for oil in the country’s shale deposits.

Toreador will sell 26.75% of its 36.75% interest in the gas project, as well as eight contiguous exploration blocks.

The joint venture will start with 2D seismic operations in the Barkhan Block this month.

The contract comprises a complete automated handling system for the new vessel and it is due for delivery in 2009.

The Norwegian Petroleum Directorate said that the primary target encountered rocks of significant thickness and good reservoir quality, while the secondary target encountered rocks of insignificant thickness and poor reservoir quality.

Phase 1 will consist of the installation of the normally unmanned installation (NUI), pipeline and the drilling of three initial wells from a central top hole platform.

The company is currently assessing the results from the successful Galtvort natural gas discovery and appraisal offshore Norway

Geotrace, a reservoir services company that provides subsurface imaging solutions to the oil and gas industry worldwide, will be providing one of the world’s largest onboard seismic data processing projects to BP Exploration Libya Ltd as part of a seismic acquisition contract awarded to Wavefield Inseis by BP Exploration Libya Li

Latest research shows rapidly increasing supply of natural gas - contradicting notion that the U.S. is running out.

NAEE is an oil and gas exploration company that is currently focused on obtaining and developing leases in Northern Oklahoma and Southern Kansas.

The development follows the recent announcement of $1 billion in funding to develop natural gas from the Kipper field, also in the Bass Strait.

The first project in the programme will comprise the Plutão, Saturno, Vênus and Marte (PSVM) fields which lie in the northeast sector of Block 31, in a water depth of around 6,562ft (2,000m), 400km north west of Luanda.

Device will reveal internal structure of rock samples to aid exploitation.

Survey to be acquired with upgraded 2-D vessel.

The slicks in L-8 are the largest and highest ranked of all offshore Kenya, said partner Pancontinental Oil & Gas.

The new pipe will transport all the oil and gas produced offshore from Dragon’s asset in the Cheleken Contract Area.

In Italy, Eni is involved in projects in the Adriatic Sea, the central southern Apennines, onshore and offshore Sicily and in the Po Valley.

First oil is likely to flow from the field at the end of 2009.

Briseis1 is the second of four exploration wells being drilled on the WA-390-P permit by Hess this year and follows the successful Glencoe-1 well, which was unveiled as a discovery in June.

Results from the well, which is being drilled with the Transocean Arctic II semisubmersible, are now being analysed to firm up the commerciality of the discovery.

The Northstar transaction represents the second acquisition by Dynamic since receiving a $500 million equity commitment from Riverstone Holdings LLC and management in January 2008.

The acreage on offer lies to the east, south and southwest of the Faroe Islands and covers some 38,405sq km.

The shoot will acquire 2,600km of 2D vibroseis data on the Dharoor Block before the partners drill two wells in each of two Puntland blocks.

OMV Aktiengesellschaft announced the discovery and successful testing of condensate and gas in its Ahlem-1 exploration well in the Jenein Sud exploration permit in Southern Tunisia.

The GGS-Atlantic will acquire long offset 2-D seismic data for ION GXT's BasinSPAN program, a portfolio of global, ultra-deep seismic data libraries that enable geoscientists to better understand petroleum systems, from source rocks to the reservoir traps.

Accretive transaction strengthens ION’s portfolio of land seismic imaging systems.

Revus Energy confirmed a gas/oil discovery on the Jordbaer prospect in the Norwegian North Sea.

The development includes the Sunrise and Troubadour fields, located about 450 km north of Darwin and 150 km south of Timor-Leste. These fields were discovered in the mid-1970s.

Joint research project uses latest cell broadband engine processor to reach record speeds, deeper depths in finding energy reserves.

Spectrum has signed a long-term contract with GX Technology, a subsidiary of ION Geophysical Corp., for the 12-month charter of the GGS Atlantic seismic vessel.

Harvest Natural Resources, Inc. announces the successful acquisition of significant additional leasehold covering its prospective Bay Exploration Area located near Galveston, Texas.

The independent report concludes that the unrisked probabilistic recoverable oil resource potential for the Santa Rosa project ranges from 45,167,000 barrels of oil to 380,800,000 barrels of oil.

AGM Inc. signed a Corporate Enterprise Agreement with BP p.l.c. for AGM's high-end 3-D Geological Interpretation and Visualization technology and related services.

IHS Inc. acquired the current inventory of digital log and raster image assets of Reservoir Visualization Inc.

Geological interpretation and visualization technology to be part of the package.

 ConocoPhillips and Abu Dhabi National Oil Company today signed an Interim Agreement to develop the Shah Gas Field in Abu Dhabi.

Spectrum ASA lists on Oslo Axess Stock Exchange.

Energy technology pioneer closes biggest VC round in sector for five years.

Park Place Energy Corp. announced the Company has engaged the services of a consulting firm, AJM Petroleum Consultants, based in Calgary, Alberta.

Gran Tierra Energy initiated drilling of the Popa-2 exploration well in the Rio Magdalena Block in the Middle Magdalena Basin, on May 8, 2008, and reached total measured depth of 8,646 feet in basement on June 21, 2008.

Norway will launch its 20^th licensing round, which includes 79 Blocks with 51 in the Norwegian Sea and 28 in the Barents. According to the Norwegian Petroleum Directorate (NPD), new wells in the Barents Sea blocks should provide more information on the area opening up new exploration prospects in the region.

Faroe Petroleum will embark on a six-well exploration program offshore Norway in August. The company plans to carry out the program over the next two years, and has already secured rigs for the operations.

Kuwait-based Gulf Petroleum Investment (GPI) made an oil discovery on Seram Island, Indonesia. 

A production sharing agreement deal has been sealed between Vanco Energy and the government of Ukraine for the Prykerchenska Block in the Black Sea.

Heritage Oil Limited , an independent upstream exploration and production company, is pleased to announce that the Kingfisher-2 exploration and appraisal well in Block 3A, Uganda, has currently reached a drilled depth of 2,922 metres. Excellent oil shows have already been encountered over a gross vertical interval of approximately 105 metres from three potential sandstone reservoir zones.