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.
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  • Denbury, 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.
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  • Energy & 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.
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  • Anadarko Prices $750MM Senior Notes Offering

    Anadarko has priced its registered public offering of $750 million 6.200% Senior Notes due 2040.
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  • OPEC'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.
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  • Land 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.
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  • CNSV 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.
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  • Bronco 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.
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  • Superior 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.
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  • EIA: 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.
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  • Signature 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.
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  • Krescent 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.
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  • Statoil 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.
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  • BP 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.
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  • Saudi 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.
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  • Alamo Energy Clinches Additional Financing for Future Growth

    Eurasian Capital Partners has provided an additional $300,000 to fund Alamo Energy's continuing expansion.
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  • Endeavour 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.
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  • Adira 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.
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  • Friendly Energy Exploration Spins Off Drilling Subsidiary

    Friendly Energy Exploration has created a wholly owned subsidiary called Friendly Energy Drilling Inc.
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  • BP 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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