WorldOil Northwest Energy encounters hydrocarbons in Xanadu prospect Northwest Energy has confirmed that Xanadu-1 has intersected hydrocarbon bearing reservoirs demonstrated by elevated gas readings, oil shows, fluorescence and cut-fluorescence whilst drilling reservoir sections. Lebanon passes oil tax law ahead of first energy-rights auction Lebanon’s parliament approved a law to tax revenue from oil operations, weeks before its first sale of offshore energy exploration rights to interested companies like Total SA and ExxonMobil Corp. New hope for Jersey Oil and Gas’ Verbier well as Statoil recommends side-track Jersey Oil and Gas has given investors some fresh hope that value could be salvaged from the Verbier exploration well, with news that a side-track is being drilled to test another target. China's Cnooc in search of partner to develop Mexico's deepwater prospects Cnooc Ltd. is searching for partners to develop oil prospects deep into the Gulf of Mexico as the Chinese giant extends its global reach. Inpex to acquire interest in exploration license PL767 in western Barents Sea Inpex has announced that through its subsidiary Inpex Norge AS, it has entered into an agreement to acquire a 40% participating interest in exploration license PL767 located in the western Barents Sea, offshore the Kingdom of Norway from Bayerngas Norge. Collaboration delivers LWD triple-combo breakthrough for ultra-high-temperature wells As exploration efforts go into deeper, hotter and more remote offshore basins, the need for more advanced downhole drilling and logging tools is palpable. Accordingly, a new LWD toolstring that provides real-time downhole data, while withstanding 410°F temperatures, has been developed and tested in the harsh Gulf of Thailand. Shaletech: Argentina Feds, IOCs breathe new life into ‘Dead Cow’ What's New in Exploration Seismic, the foundation tool of oil and gas exploration, has some reflecting to do about its future, not will it work, or can exploration seismic become “better,” but is it becoming necessary at all? Executive Viewpoint After spending 36 years in the petroleum industry, I’ve learned much about the intricacies of international petroleum negotiations. Energy Issues I just finished a remarkably funny, and particularly astute, book that explores the world of marriage in relation to husbands, wives and their employment, among other things.