--(www.USEquityNews.com)-- 11/20/2007 - Oil and Gas Exploration industry alert provided by U.S. Equity News. Transocean Inc. (NYSE: RIG) recently announced that the ultra-deepwater drillship Discoverer Spirit has been awarded a three-year contract by Anadarko Petroleum Corporation for drilling operations in the U.S. Gulf of Mexico. The three-year contract is expected to commence in December 2010, following the completion of the rig's existing contract commitments in the U.S. Gulf of Mexico. The estimated contract revenues which could be generated over the three-year contract period are $569.4 million.
BPZ Resources, Inc d/b/a BPZ Energy (AMEX: BZP), recently announced the filing of a shelf registration statement on Form S-3 with the Securities and Exchange Commission. The shelf registration statement, once declared effective, will permit, but not obligate, the Company to sell, in one or more public offerings, shares of newly issued common stock, warrants, or debt securities, or any combination of such securities, for proceeds in an aggregate amount of up to $266 million. The terms of any future offerings under the shelf registration will be determined at the time of the offering and will be stated in a prospectus supplement.
Worldwide oil and gas drilling contractor GlobalSantaFe Corporation (NYSE: GSF) recently reported that the company's worldwide SCORE, or Summary of Current Offshore Rig Economics, for October 2007 increased 0.2%, to 139.3 from the pervious month's SCORE of 139.0. GlobalSantaFe's SCORE compares the profitability of current mobile offshore drilling rig dayrates to the profitability of dayrates at the 1980-1981 peak of the offshore drilling cycle. In the 1980-1981 period, when SCORE averaged 100 percent, new contract dayrates equaled the sum of daily cash operating costs plus approximately $700 per day per million dollars invested.
MegaWest Energy Corp. (OTCBB: MGWSF), an independent oil and gas company (Cusip: #585168 107), specializing in non-conventional oil and gas projects with a focus on North American heavy oil, announces that MegaWest Energy's presentation at the Houston Energy Financial Forum, presented by the Oil and Gas Financial Journal, in Houston, Texas on Thursday, November 15, 2007 has been rescheduled to 3:05 PM. President and CEO, George Stapleton will be presenting a corporate overview to investors. The conference is being held at Hotel ZaZa, 5701 Main Street, Houston, TX 77005. For the full StocksJournal CFA report, please visit, http://www.stocksjournal.com
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