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Offshore Rig Count	08/01	07/25
US GOM	105	103
S. America	71	71
Europe/Med Sea	96	96
West Africa	58	58
Asia/Australia	103	102
Full Report

Day Rate Indices	Jul 08
WW 5001'+ Floating	842
WW 2001'+ Floating	1113
US GOM Jackup	365
North Sea Jackup	820
Full Report

	Latest	Previous	Change
ICE WTI Crude	$120.09	$118.58	1.51
ICE Brent Crude	$117.92	$117.86	0.06
ICE UK Gas	55.00p	54.55p	0.45
		© ICE: Data delayed

Most Popular Stories of the Day

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Global Pacific & Partners present London Oil Week 2008

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Offshore Oil & Gas News

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Emerging Energy News

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Improving day rates drive Pride income	HOUSTON: Houston-based offshore drilling contractor Pride International reported record results for the second quarter of 2008. Income from continuing operations totaled US$151.6 million, or US$0.87 per diluted share, on revenues of US$560 million. These results compared to income from continuing operations of US$120.1 million, or US$0.68 per diluted share, on revenues of $530.0 million for the corresponding three months in 2007. Read More HOUSTON: Houston-based offshore drilling contractor Pride International reported record results for the second quarter of 2008. Income from continuing operations totaled US$151.6 million, or US$0.87 per diluted share, on revenues of US$560 million. These results compared to income from continuing operations of US$120.1 million, or US$0.68 per diluted share, on revenues of $530.0 million for the corresponding three months in 2007. Read More OSLO: StatoilHydro ASA failed to find oil with wildcat well 6608/11-6 at production license (PL) 128. Drilled by Diamond Offshore semisubmersible Ocean Vanguard, the well is 15 kilometers (9.3 miles) northeast of the Norne field in the Norwegian Sea. Read More OSLO: Petroleum Geo-Services (PGS) could face legal proceedings from a workers' union amid claims that staff who do not want to work in dangerous Nigeria could lose out. Read More PERTH: Inpex and Total made a gas discovery with the Mimia-1 exploration well on the WA-344P permit in the Browse Basin offshore Australia. Drilled by semisubmersible Songa Venus, a 72-metre (236-ft) gas column was found and a production test completed that confirmed the gas and condensate discovery. Read More WASHINGTON, D.C.: The Geothermal Energy Association (GEA) reports that the U.S. continues to serve as a key country in increasing geothermal energy growth and is a world leader in online capacity of geothermal energy, leading with 30 percent of the world total. Read More ATLANTA, GEORGIA: Suniva Inc. has signed a long-term customer agreement with Solon AG in which Suniva will deliver more than US$500 million worth of high-efficiency monocrystalline silicon solar cells to Solon. The contract extends through 2012. Read More HOUSTON: A federal court in Texas has dismissed a lawsuit, clearing a path for Babcock & Brown to continue its plans for a wind farm on the Texas Gulf Coast. The wind farm is expected to be completed and operational later in the year. Once operational, it will consist of 118 wind energy turbines with a total output capacity of more than 283 MW. Read More
Dry well for StatoilHydro
PGS faces backlash for Nigeria work
Inpex, Total find Browse Basin gas
U.S. remains key in geothermal energy growth
Suniva signs solar cell supply agreement
Judge dismisses lawsuit against Texas wind farm

Offshore Oil and Gas News

ATP increases production and revenues	1 hr ago
Acreage offered in September Louisiana sale	2 hrs ago
Murphy adjusts second quarter results	4 hrs ago
Probe begins drilling in U.S. Gulf of Mexico	4 hrs ago
Senergy gets Leading Edge	4 hrs ago
Production to restart at Nexen pair	5 hrs ago
IKM gets call for Skanled project	6 hrs ago
Mubarek produces 24,000 Q2 barrels for Crescent	7 hrs ago

Emerging Energy News

Gladstone LNG draft EIS submitted	5 hrs ago
ET Solar donates photovoltaic systems to Tibetan villages	5 hrs ago
AERI: Geothermal resource may be larger than thought	5 hrs ago
Western GeoPower raises funds for geothermal scheme	8 hrs ago
Flex LNG orders four FMC LNG offloading systems	11 hrs ago
Standard & Poor's affirm VeraSun credit rating	23 hrs ago
Mustang receives patent for LNG concept	08/06/08
Wärtsilä-Hyundai venture acquires major order	08/06/08

Offshore Oil and Gas Spotlight
Newbuild OSV orders continue to stack up

Emerging Energy Spotlight
High oil price encourages solar research

Energy Wiki Featured Article

Marine drilling operations are undertaken primarily by mobile offshore drilling units (MODUs). MODUs can be of two basic types, bottom-supported or floating. Bottom-supported MODUs include jackups and submersibles. Floating MODUs include semisubmersibles, drillships, offshore barges and tender-assisted units, which generally are built with semisubmersible or barge hulls. Other types of drilling rigs are used in marine drilling operations, including inland water drill barges and platform rigs.