Industry News

• US drilling rig count down 7 units to 1,762

  Friday May 24, 2013

  The US drilling rig count was down 7 units during the week ended May 24, reaching a total of 1,76...

• MARKET WATCH: Oil price decline slows ahead of Memorial Day weekend

  Friday May 24, 2013

  The recent decline in oil prices slowed to a trickle in volatile trading May 23 ahead of the exte...

• GOP senators to Obama: Approve Keystone XL on its own merits

  Friday May 24, 2013

  Approval of the Keystone XL crude oil pipeline project should be based on its merits, and not lin...

• FracFocus registry to be more accessible, Senate committee told

  Friday May 24, 2013

  FracFocus, the online registry of chemicals and other hydraulic fracturing ingredients, will beco...

• Rosneft, PDVSA unit to form Orinoco JV

  Friday May 24, 2013

  Rosneft and a subsidiary of Petroleo de Venezuela SA have signed an agreement to form a joint ven...

• Petrobras farms out exploration license in Tanzania

  Friday May 24, 2013

  RIO DE JANEIRO -- Petrobras subsidiary Petrobras Tanzania Ltd. has signed a farm-out agreement for the sale of a 12% working interes...

• Wärtsilä to supply subsea heating system for offshore Africa pipeline

  Thursday May 23, 2013

  HELSINKI -- Wärtsilä has been contracted to supply its Direct Electric Heating (Wärtsilä DEH) system for Chevron Overseas Congo ...

• Tower Resources encouraged for Welwitschia-1 well by nearby results

  Thursday May 23, 2013

  Tower Resources encouraged for Welwitschia 1 well by nearby results BY IAIN PACKHAM LONDON Tower Resources, said that the recent Win...

• Shell CFO: Price too high for stake in Anadarko Mozambique gas project

  Tuesday May 21, 2013

  LONDON -- Price expectations for a stake in Anadarko Petroleum Corp.'s (APC) Mozambique gas project are too high, Royal Dutch Shell's c...

• Oando Energy Resources announces additional 2,500 bopd production capacity from Ebendo field

  Friday May 17, 2013

  ABUJA, Nigeria -- Oando Energy Resources today announced results from the successful completion and testing of the Ebendo 5 well. Th...

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