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IEA bumps up estimate of world oil demand (3/12/2010) The International Energy Agency has increased its prediction of demand for oil worldwide in its latest monthly outlook... Red Sky farm-in with Central Petroleum held to Pedirka Basin (3/12/2010) Red Sky Energy has decided to focus its farm-in with Central Petroleum solely on the Pedirka Basin in Australia's Northern Territory... Dragon taps down & tests Turkmen Caspian wells (3/12/2010) Dragon Oil has concluded the completion and initial testing of both the Dzheitune A/142 and 13/143 development wells... Oil Search's Yemen well finds more gas enroute to TD (3/12/2010) Oil Search has again penetrated a gas-bearing section in its Al Meashar-1 exploration well being drilled onshore Yemen... GeoPark & LG International form Latin American partnership (3/12/2010) GeoPark Holdings and LG International have formed a new partnership to jointly acquire and develop upstream projects... AED operator of Brunei Block L after Nations takeover (3/12/2010) AED Oil has assumed the operatorship of Brunei's Block L with the completion of its acquisition of Nations Petroleum... Ensign contracted for 20 wells in Colorado's Wattenberg Field (3/11/2010) Synergy Resources has concluded an agreement with Ensign United States Drilling to drill 20 or more wells on the Wattenberg Field... Corvina testing awaiting government go-ahead (3/11/2010) BPZ Resources is still awaiting response to its request to continue testing the original five Corvina oil wells in northwestern Peru... Yilgarn farming out stake in Philippines block to TG World (3/11/2010) Kairiki Energy subsidiary Yilgarn Petroleum Philippines has entered into an agreement with TG World Energy to farmout interest... Rig worker evacuated after deepwater US Gulf accident (3/11/2010) The US Coast Guard this morning airlifted a member of the crew of the Transocean Marianas semisubmersible drilling rig... Manas kicks off 2D shoot on Kyrgyz Tuzluk Block (3/11/2010) Manas Petroleum's 90% owned subsidiary Somon Oil has begun acquisition of a 250-km 2D seismic survey... Petro-Canada picks KCA Deutag to drill Libya wells (3/11/2010) Petro-Canada Oil has awarded KCA Deutag two multi-million dollar land drilling contracts for approximately 50 wells... Sonardyne 6G equipment on trial on Jubilee Field (3/11/2010) Sonardyne's 6G subsea positioning system is being put through its paces in a trial program on the Jubilee Field offshore Ghana... Vinland drilling Chattanooga Shale test in Tennessee (3/11/2010) Vinland Energy has commenced drilling the Mountain Minerals-5 exploration well near the Tennessee-Kentucky border... Aramco puts Manifa Field back on development schedule (3/11/2010) Saudi Aramco has reinstated plans to bring the giant Persian Gulf heavy oil Manifa Field on production within two years... Petrobras finds oil in Colombia's Llanos Basin (3/11/2010) Petroleo Brasileiro has made an oil discovery onshore Colombia in its operated Balay Block in Casanare Department... Jurong contracted for pre-conversion of FPSO P62 (3/11/2010) Jurong Shipyard has secured an approximately US$93 million contract to carry out pre-conversion work on the VLCC MT Suva... Subsea 7 completes Henry Project offshore Australia (3/11/2010) Subsea 7 has completed the installation of a 21.7-km, 12-inch rigid pipeline linking the Henry-2 subsea production trees... Weatherford to precommission pipeline off Brazil (3/11/2010) Weatherford's Pipeline & Specialty Services group has been awarded a contract by Saipem for precommissioning services on the Urugua-Mexilhao pipeline in the Santos Basin, offshore Brazil... Europa fails to access Hykeham-1Z reservoir (3/11/2010) Europa Oil & Gas has been unable to lift reservoir fluids in its Hykeham-1Z well onshore the UK after a perforating operation... Total adding more shale gas acreage to portfolio (3/11/2010) Total is following its acquisition of interest in the Barnett Shale play in Texas with acquisitions in France, Denmark, Argentina... BKM acquiring SMG & Mongolia's Block XXX (3/11/2010) BKM Management has agreed to purchase 100% of Mongolian company SMG Oil & Gas and its exploration assets... Chevron deploys new ultra-deepwater drillship in US Gulf (3/11/2010) Chevron USA has commenced operations with Transocean's ultra-deepwater drillship Discoverer Inspiration... BG scores a wildcat discovery on Norway's Blabaer prospect (3/11/2010) BG Norge has made an oil discovery in the Norwegian sector of the North Sea about 25 km northeast of the Snorre Field... For more headlines check each department in Site Navigation. From the Editor Bay of Bengal sovereignty disputes ill afforded Dev George Managing Editor Once again the sabers are rattling in the Bay of Bengal. India, Bangladesh, and Burma (Myanmar), the three littoral neighboring nations, have renewed their aggressive claims to large swaths of the Bay as it becomes evident the shared region of the Indian Ocean extending landward to the mouths of the Ganges harbors huge potential hydrocarbon reserves in quantities that all three need to solve their burgeoning demands...continue reading Click here for prior editorials. Oil/Gas Prices & Analysis All but 1 monitored benchmark rises above $80/bbl (3/10/2010) Once again our monitored benchmarks have climbed in price to another eight-week high as traders at both the New York Mercantile Exchange (Nymex) and the InterContinental Exchange (ICE) in London peg their buying and selling on inventory reports and the US dollar's decline against the euro and most major international currencies...Go to latest O&G prices/analysis Feedback Click here to email your comments and suggestions on this site and any of its articles. 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