Latest News Headlines
Rigzone.com: Latest News Headlines
The latest upstream oil and gas news from around the world.
Oil Pares 8-Week High; Steadies above $81
NYMEX crude oil futures maintained a bullish price tag above $81 a barrel Tuesday, despite a stronger dollar and forecasts for an additional build in crude stocks.
Read moreDenbury, Encore Get Green Light to Merge
Denbury Resources and Encore Acquisition Company jointly announced that they have received the requisite stockholder approval to merge Encore with and into Denbury.
Read moreEnergy & Technology Signs MOU to Establish UAE Facility
Energy & Technolog has signed an MOU with GIBCA Petroleum Services to establish a facility in the UAE in the near future.
Read moreAnadarko Prices $750MM Senior Notes Offering
Anadarko has priced its registered public offering of $750 million 6.200% Senior Notes due 2040.
Read moreOPEC's Oil Output on the Rise - Platts Survey
OPEC's crude oil production rose to 29.31 million barrels per day (b/d) in February, an increase of 60,000 (b/d) from an estimated January level of 29.25 million b/d.
Read moreLand Rig Review: Land Rig Utilization Trends
Although the land rig hiring spree has improved utilization, there is still capacity on the sidelines. Rigzone highlights utilization trends and digs deeper into the statistics and drivers.
Read moreCNSV to Take Stakes in 13 Tennessee Gas Wells
Consolidation Services signed a Letter of Intent to acquire an interest in thirteen gas wells located in Tennessee in an all stock transaction with an unaffiliated party.
Read moreBronco Drilling Co. Briefs 4Q 2009 Results
Bronco Drilling Company announced financial and operational results for the three months and twelve months ended December 31, 2009.
Read moreSuperior Well Services Cites Boost in 4Q09 Activity Levels
Superior Well Services announced a net loss for the three months ended December 31, 2009 of $15.2 million, or a $0.58 loss per diluted share, compared to net income of $11.9 million, or $0.48 per diluted share, in the same period in 2008.
Read moreEIA: OPEC Could Earn $767B of Net Oil Export Revenues in 2010
OPEC members could earn $767 billion of net oil export revenues in 2010 and $823 billion in 2011, according to the EIA's Short-Term Energy Outlook for March.
Read moreSignature Sees Significant Potential at South Texas Asset
Signature's exploration team believes the multiple Frio sands identified at its South Texas asset could contain significant gas and condensate reserves and proposes to drill one to two wells to test the Frio zones.
Read moreKrescent Spuds McMillan Well on Aquarius Prospect in Texas
the McMillan WMRU A-415 #1 well commenced drilling on the March 6, 2010 and is currently drilling ahead.
Read moreStatoil Ups Ante in Ultra-Deepwater St. Malo Development
Statoil has increased its working interest in the Union-operated St. Malo development to 21.5% by exercising its preferential rights on a proposed sale of Devon's share in the development.
Read moreBP Exec: International Oil Cos Must Keep Frontier Spirit
Ever since national oil companies began asserting their muscle, international oil companies have stayed relevant by pushing back the frontier of hydrocarbon exploration, a BP executive said Tuesday.
Read moreSaudi Aramco to Invest $90B in O&G Projects to 2015
"Global demand for petroleum will recover very strongly" as population and living standards grow," Saudi Aramco Chief Executive Khalid Al-Falih said Tuesday.
Read moreAlamo Energy Clinches Additional Financing for Future Growth
Eurasian Capital Partners has provided an additional $300,000 to fund Alamo Energy's continuing expansion.
Read moreEndeavour Highlights 4Q and Full Year '09 Results
Endeavour reported discretionary cash flow for the fourth quarter of 2009 of $21.4 million compared to $15.7 million in the fourth quarter of 2008.
Read moreAdira Energy Strengthens Executive & Technical Team
Adira Energy announced that Mr. Ohad Marani has been appointed Co-Chairman, Moshe Polity has been appointed as Chief Geophysicist and Greg Embery has been appointed Vice President of Geology of the Company.
Read moreFriendly Energy Exploration Spins Off Drilling Subsidiary
Friendly Energy Exploration has created a wholly owned subsidiary called Friendly Energy Drilling Inc.
Read moreBP Alaska Awards Supply Chain Mgmt Services Contract
Advanced Supply Chain International and BP Exploration (Alaska) have signed a new contract for supply chain management services.
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