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03-10-2008, 07:41 AM
ENSCO Secures 2-Yr Rig Contract Offshore Newfoundland, Labrador
[United States] -- The aggregate day rate revenue for the two-year term is expected to be approximately $372 million. The base operating rate is $510,000 per day, and the day rate will be subject to adjustment for variances in operating costs from current levels.

Lukoil Acquires New Hydrocarbon Assets in Uzbekistan for $580 Million
[Europe & Russia] -- The State Committee for Reserves of the Republic of Uzbekistan approved the oil- and gas-in-place of the field group in the amount of 100 billion cubic meters of gas and about 6 million tons of liquid hydrocarbons (oil and gas condensate).

Mexican Interior Minister Defends Earlier Energy Contracts
[Latin America] -- Mourino said he did sign contract renewals for a family-owned transportation company to provide services to state oil monopoly Petroleos Mexicanos.

Petroecuador Eyes April Ivanhoe Deal To Develop Oil Field
[South America] -- Petroecuador wants to sign in April an agreement with Canada's Ivanhoe Energy to develop and exploit the Pungarayacu oil field, Petroecuador President Fernando Zurita said Friday at a press conference.

Hunt CEO: 'Higher Price Here to Stay...Market Will Sort Things Out'
[United States] -- Mr. Hunt said in a speech Thursday to the Texas Energy Council that he's long predicted that higher oil prices would persist because people in developing countries are close to a tipping point in energy use.

Debate Over Deep-Water Oil Exploration Heats Up In Mexico

Grabbing the Bull by the Horns: Oil Could Hit $130 by Year's End

Saipem Awarded New Offshore Contract Worth EUR390 Million

Australia's AED Oil to Sell 60% Stake in Assets to China's Sinopec