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Triangle Energy Ltd., Perth, has finalized a review of prospects and leads in its 50%-owned onshore North Perth basin license L7 in Western Australia which surrounds the former Mt Horner oil field.

Twinza Oil Ltd. and the government of Papua New Guinea have agreed to terms for the proposed $2.4-billion development of Pasca A gas-condensate field in PPL 328 in the Gulf of Papua.

The North Sea Tyra redevelopment project advanced with sail away of the three Tyra East wellhead and riser topsides, partner Norwegian Energy Co. ASA (Noreco) said in a July 26 statement.

US Energy Development Corp. and Atlantic Energy Partners LLC, Midland, have entered into a joint venture to develop and operate three horizontal wells within the Permian Basin in Ward County, Tex.

Woodside Petroleum has increased its cost estimate for the proposed Scarborough gas development offshore Western Australia by 5%.