Chevron Announces Natural Gas Discovery In Australia
Chevron Corporation today announced a new exploration drilling success in the Carnarvon Basin offshore Western Australia, Australia's premier hydrocarbon basin. The Sappho-1 exploration well is located in the WA-392-P permit area approximately 87 miles (140 kilometers) northwest of Onslow

Total buys a Chevron offshore Nigerian oil stake
(AP:LAGOS, Nigeria) French oil firm Total SA says it has signed a deal to acquire Chevron Corp.'s stake in an offshore oil block near Nigeria's coastline.

Hong Kong's Stocks Fall as China Growth Slows; Henderson Drops
Cnooc Ltd., China's biggest offshore oil explorer, declined 1.9 percent as China said its economic growth slowed in the second quarter and as crude oil prices fell. Industrial & Commercial Bank of China, the world's largest bank by market value, slumped 1 percent. China Resources Land Ltd., a state- controlled property developer, gained 1.1 percent after the nation's inflation eased.

BP Would Be Barred From U.S. Leases in Measure Sent to House
A congressional panel approved a measure barring BP Plc from new U.S. offshore leases to drill for oil or natural gas because of safety violations, sending the legislation for a vote by the full House.

Market changes pressure development of rules for specialized offshore well intervention vessels
Driven by global demand for energy, subsea exploration and well construction has boomed in the past decade. According to consultants Infield Systems and Douglas Westwood, the total number of subsea wells will balloon to more than 5,500 by the end of this year.

HighPoint Solutions Names New Solution Lead for R&D and Collaboration Practices
HighPoint Solutions announced today the hiring of David Gwyn as Vice President and Solution Lead for the Research and Development and Collaboration practices. Gwyn is an expert in business development, client management, solution delivery, and team development.

Misguided Energy Policies Will Only Hinder Gulf Recovery
WASHINGTON, D.C. U.S. Representative Cynthia Lummis (R-Wyo.) released the following statement regarding todays House Natural Resources Committee markup on H.R. 3534, The CLEAR Act: