--(www.USEquityNews.com)-- 11/26/2007 - Oil and Gas Exploration industry alert provided by U.S. Equity News. BPZ Resources, Inc., d/b/a BPZ Energy (AMEX: BZP) recently announced the signing of two new license contracts for exploration and production of hydrocarbons, thus obtaining exclusive rights to Blocks XXII and XXIII located in northwest Peru. The license contracts were signed on Wednesday November 21, 2007 in a ceremony at the Presidential Palace hosted by the President of Peru, Mr. Alan Garcia. Present at the ceremony were representatives from 12 companies who signed 18 such license contracts for exploration and production of hydrocarbons in Peru.
Bois d'Arc Energy Inc. said recently its chief executive will step down next week, less than a month after the oil and gas driller failed to find a buyer with resources to buy the company. CEO Wayne L. Laufer, 62, will be replaced by President Gary W. Blackie, 58, following his retirement Nov. 30. Laufer will continue to serve as a director and will provide consulting services for 12 months. Blackie will continue as a director and president.
Standard & Poor's said recently that Transocean Inc. will replace the company by the same name in the S&P 500, after the offshore drilling contractor bought GlobalSantaFe Corp (NYSE: GSF). GlobalSantaFe said recently its planned $53 billion combination with Transocean Inc. received approval from regulators in the Cayman Islands. The Houston-based companies provide offshore contract drilling services for oil and gas wells.
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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