Demand Varies by Region
Brent and WTI crude traded in opposite direction, both likely a function of supply expectations for their respective regions.

ATP Anticipates First Production at Mississippi Canyon
ATP has completed the drilling of the Mississippi Canyon 942 #2 well to a measured depth. ATP estimates first production immediately upon completing these activities scheduled during 1Q 2012.

American Petro-Hunter Wraps Up Drilling Ops in N. Oklahoma
American Petro-Hunter announced that the Company's 3rd horizontal well in North Oklahoma has concluded drilling operations in the Mississippi Lime formation and has begun the completion phase.

EnerJex Begins Drilling Mississippian Project
EnerJex Resources, Inc. has begun drilling the first well on its recently acquired acreage in its Mississippian Project located in Southeast Kansas.

CONSOL Ends 2011 with 3.5 Tcf of Proved Gas Reserves
During 2011, CONSOL Energy Inc. announced net proved reserve adds through extensions and discoveries of 517 Bcf.

Sembcorp Marine Awarded $792.5M Drillship Contract
Estaleiro Jurong Aracruz has secured a contract worth approx. $792.5M from Sete Brasil for the design and construction of a drillship based on Jurong Shipyard's proprietary Jurong Espadon drillship design.

Canadian, Alberta Govts Unveil Oil Sands Monitoring Plan
The governments of Canada and Canadian province Alberta have unveiled a plan to increase air, water, land and biodiversity monitoring of Canada's oil sands.

BLM Issues PEIS for Oil Shale, Tar Sands Resources
Under the BLM's Preferred Alternative in the Draft PEIS, the BLM would continue to support the research and development of hydrocarbon deposits in an environmentally responsible way that protects scarce water supplies in the arid West.

Afren and Eni Ghana Spud Nunya-1X Well Offshore Ghana
Afren holds a 35-percent stake in the Keta block on which the well is being drilled.

Nabors Former CEO Ends Employment Pact
Nabors said former Chief Executive Eugene Isenberg agreed to terminate his employment pact and will waive his claim to a $100M payment.

Newfield Exploration Updates GOM-Stake Sale
Newfield Exploration Company provided an update on its ongoing sale of non-strategic assets.

Ocean Rig Pens Norwegian Gig for Semisub
Ocean Rig UDW Inc. has signed a new drilling contract for its drilling rig Leiv Eiriksson with a consortium coordinated by Rig Management Norway for drilling on the Norwegian Continental Shelf.

SeaBird Exploration Issues Profit Warning, Appoints New CEO
The firm warned that its liquidity is set to "become strained" during the next few months.

Kulczyk Oil Commences Drilling Ukraine Well
Kulczyk Oil Ventures Inc. reported that the Makeevskoye-21 ("M-21") well in Ukraine has commenced drilling.

TGS Kicks Off Kansas Seismic Shoot
TGS has commenced acquisition of the Bucklin multi-client 3D onshore survey in the United States.

Seadrill Lands Contracts for 3 Jackups
Seadrill has secured new contracts for the three jackup rigs Offshore Mischief, Offshore Defender, and West Leda.

Technip Wins Two Contracts for Tullow's Jubilee Project
The contracts are worth approximately $131 million.

Premier, Antrim Abandon East Fyne Well
Premier will move rig to Bluebell prospect in the North Sea while Antrim awaits further progress from its Causeway Field interest.

OEG Says Hello to New Finance Director
OEG Offshore has appointed a new group finance director to lead the company's finances in the UK and overseas.

Petrobras Strikes Oil, Natural Gas in Amazon Forest
Petrobras said it has discovered a new accumulation of oil and natural gas in a remote region of the Amazon rainforest.