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OPEC Rakes in $671B in 2007, Stands to Double Revenues in 2008 According to the EIA, members of OPEC collectively took in $671 billion in net oil export revenues in 2007, a 10% increase over 2006. Saudi Arabia accounted for the biggest single share, with 29% of total OPEC revenues. rigzone.com Wednesday, July 09, 2008Lundin, Partners Strike Success with O&G Discovery at Torphins Revus energy confirmed well 21/8-4 as an oil & gas discovery. The well, which spudded on June 20, 2008, was drilled directionally to test the eastern part of the Torphins prospect in the central UK North Sea sector. rigzone.com Wednesday, July 09, 2008Japan Drilling Christens First New Rig in 24 Years Japan Drilling invested approximately US $186.38 million in the Hakuryu-10, its 10th drilling rig. Before the end of the year, the rig is slated to depart for the Mediterranean Sea to begin an eight-month contract with Eni off the coast of Tunisia. rigzone.com Wednesday, July 09, 2008Oil Prices Edge Up Again Crude oil prices rose to more than $136 a barrel Wednesday in New York on Iran's testing of long-range missiles that sparked concerns over Middle East supplies. rigzone.com Wednesday, July 09, 2008Jordan Among 5 Richest Countries in Oil Shale Jordan is among the five richest countries in oil shale in the world, with estimated reserves of about 40 billion tonnes -- a number expected to double in the coming years. rigzone.com Wednesday, July 09, 2008U.S.Oil Inventories Decreased in Week U.S. crude oil inventories declined by 5.9 million barrels last week, the U.S. energy Information Administration said Wednesday. rigzone.com Wednesday, July 09, 2008Oil Ministry: Iran Central Zagros Region May Hold 50B Barrels of Oil Iran's Central Zagros region may contain up to 50 billion barrels of oil, the oil ministry's official Shana Web site reported Wednesday, citing a senior oil official. rigzone.com Wednesday, July 09, 2008Columbia Bank parent: Bad loans are up 420 percent Columbia Banking System Inc. said its bad loan charge-offs for the second quarter are expected to double from the first quarter and that its nonaccrual loans now total up to $75 million, up from $14.4 million three months ago. (COLB) bizjournals.com Wednesday, July 09, 2008TRW gets multimillion-dollar contract Contractor TRW and Associates Inc. signed a five-year, multimillion-dollar contract to oversee facilities management and construction projects for Gramercy Capital Corp. (GKK) bizjournals.com Wednesday, July 09, 2008Liberty Property Trust gets national recognition for going green Liberty Property Trust, developer of Tampa's first green multitenant office building, was named 2008 developer of the year by the National Association of Industrial and Office Properties. (LRY) bizjournals.com Wednesday, July 09, 2008
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