BP takes $7 billion in Devon assets March 11,2010 --BP and Devon Energy Corp have signed a $7 billion agreement whereby BP will acquire all of Devon’s deepwater Gulf of Mexico, Brazil, and Azerbaijan assets. ....Read more: RSS for Articles and Whitepapers

Chevron deploys dual-activity drillship March 11,2010 --Chevron has deployed Transocean’s ultra deepwater drillship Discoverer Inspiration in the US Gulf of Mexico, under a five-year contract. ....Read more: RSS for Articles and Whitepapers

Leed hits pay in Gulf of Mexico March 11,2010 --The A-6 well in Ship Shoal block 201 in the Gulf of Mexico is complete and has tested at a restricted rate of 10.4 MMcf/d and 423 b/d of oil (a combined rate of 2,153 boe/d), says Leed Petroleum. ....Read more: RSS for Articles and Whitepapers

BPZ Reviews 4Q Production for Block Z-1 in Peru BPZ Resources averaged approximately 2,244 barrels of oil per day in fourth quarter 2009 from the CX11 platform in Corvina, located on Block Z-1 in Peru.Read more: Rigzone.com: Production News

Subsea 7 Completes Offshore Services at Henry Field Subsea 7 recently completed the installation of a pipeline to connect the subsea production trees at the Henry-2 and Netherby locations, offshore Australia.Read more: Rigzone.com: Production News

Jurong Shipyard to Refurbish Roncador P62 FPSO Jurong Shipyard has secured a contract to carry out pre-conversion works for the FPSO P62, which will operate for Petrobras on the Roncador field, offshore Brazil.Read more: Rigzone.com: Production News

WISE technology is used commercially for the first time OHM Ltd, a member of the Offshore Hydrocarbon Mapping Group in the UK, recently conducted a CSEM survey in the UK sector of the North Sea that represents the first full commercial use of OHM’s W...Read more: Riviera Martime Media

CGGVeritas secures largest ever marine seismic contract CGGVeritas has been awarded a contract by Pemex to acquire and process 75,000km2 of 3D seismic data in the Gulf of Mexico. The programme started in October and was expected to extend through 2013. The...Read more: Riviera Martime Media

New green rules may hurt Pertamina Indonesia's state oil company Pertamina may miss its crude oil production target of 190,000 barrels per day in 2010 if a new environmental law is enforced, a company official said today. Read more: UpstreamOnline

Gas boost helps DONG bottom line Gas production at Denmark's DONG Energy leapt 81% in 2009, helping cushion a drop in earnings caused by lower oil, gas and power prices, the state-owned company said today. Read more: UpstreamOnline

CNPC refutes Kazakh corruption claims Chinese state-run energy company CNPC said today it complied with applicable laws in its 2003 purchase of a stake in Kazakh oil company, AktobeMunaiGas, after Kazakh financial police said they were examining the deal. Read more: UpstreamOnline

Statoil looks for US shale success elsewhere Norway's Statoil is optimistic about the progress of its Marcellus shale joint-venture with Chesapeake Energy, but is still looking for proof that the success of US unconventional gas can be replicated elsewhere, Chief Executive Helge Lund said. Read more: UpstreamOnline

BP eyes Devon assets British oil giant BP is the leading candidate to buy a big swath of oil assets from US independent oil and gas producer Devon Energy in a $5 billion-plus deal that would vault BP into the hot new oil region off the shores of Brazil, people familiar with the matter said. Read more: UpstreamOnline...

Paramount expands Alberta assets Paramount Energy Trust said it agreed to buy oil and natural gas assets in the Edson area of west central Alberta for C$126 million ($123 million) from a Canadian intermediate exploration and production company, to strengthen its footprint in the region. Read more: UpstreamOnline

Indonesia Sees 2010 Gas Balance Sheet Deficit The Energy and Mineral Resources Minister said under the 2010-2025 Indonesian Gas Balance Sheet, this year booked a deficit of 2,544 MMSCFD.Read more: Rigzone.com: Production News