Reports have Shell in five-year deal for Stena ice-class drillship
Shell is believed to have taken a high-price Stena Drilling ice-class newbuild drillship for five years, with French Guiana on the Anglo-Dutch supermajor’s radar.
Getting crude cargoes on track
The rumble and whistle of a passing train, a symbol of civilisation and prosperity in the American West at the turn of the century, is once again echoing across the plains.
South rejects Khartoum offer to free oil cargoes
An offer by Sudan to release crude cargoes for export from the South “as a goodwill gesture” has been rebuffed by South Sudan, which is pressing on with a planned total shutdown of its oil production.
Three left standing in battle for Block B prize
US offshore builder McDermott and two South Korean rivals are battling it out for the contract to supply the main offshore production facility on Chevron’s $4.3 billion Block B gas project in Vietnam.
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New Solimoes find for Petrobras
03 February 2012 22:48 GMTPetrobras has made a new high-quality oil and gas discovery in the Solimoes basin in Brazil's Amazonas state, the company said Friday afternoon.
Brufau visits Cuba to oversee drilling
03 February 2012 17:35 GMTRepsol chief executive Antonio Brufau was in Cuba Thursday to meet with authorities and partners after drilling started early this week a deepwater well off the Communist nation’s coast, industry sources tell Upstream.
Cougar gets protection from creditors
03 February 2012 23:53 GMTCalgary-based Cougar Oil & Gas has obtained protection from creditors after it was unable to pay a regulatory fee when a potential buyer of some of its assets defaulted on its agreement.
Imperial OKs $2bn Cold Lake expansion
03 February 2012 19:31 GMTCanada’s Imperial Oil has formally approved a C$2 billion (US$2 billion) expansion of the company’s Cold Lake oil sands project in northeastern Alberta that will add to it 40,000 barrels per day of bitumen production.
US to require frac chemical disclosures
03 February 2012 22:32 GMTThe US government will require natural gas drillers to disclose which chemicals they use in hydraulic fracturing on public lands, according to draft rules crafted by the Interior Department.
US regulators going slow on oil shale
03 February 2012 23:20 GMTThe Obama administration scaled back plans Friday to allow companies to search for hard-to-extract oil deposits on federal land.
Argentina drops 'Oil and Refining Plus'
03 February 2012 20:35 GMTArgentina's government is suspending its "Oil and Refining Plus" programs that had aimed to encourage new investment in the exploration, production and refinement of hydrocarbons.
Domino well shows signs of gas
03 February 2012 20:45 GMTExxonMobil and OMV unit Petrom have detected natural gas in the Domino-1 well they are drilling in the Romanian sector of the Black Sea, according to reports.
Chevron's Nigeria relief well 'to take 100 days'
03 February 2012 12:34 GMTChevron is expected to take around 100 days to drill a relief well at the site of a deadly blowout incident off Nigeria last month.
US rig count falls by 11
03 February 2012 20:01 GMTThe number of rigs drilling in the US dropped by 11 this week to total 1997, according to data from Houston-based oilfield services giant Baker Hughes.
Bounty kicks off oil sands coring
03 February 2012 21:25 GMTPrivately held Bounty Developments has spudded the first well of its current oil sands coring programme as the company prepares to apply for permit for a 10,000 to 12,000 barrel per day steam-assisted-gravity-drainage project ion Alberta.
BP's ex-safety chief heads for exit
03 February 2012 14:48 GMTThe head of BP’s safety committee at the time of the Macondo well blowout and spill is set to stand down from the board as part of a top-level shake-up at the UK supermajor following the 2010 accident in the Gulf of Mexico.
Exco in talks for $400m midstream selloff
03 February 2012 15:34 GMTDallas-based explorer Exco Resources has announced it is in exclusive talks with a private fund to sell a one-third stake in its midstream TGGT Holdings venture for more than $400 million.
Austria rebuffs IPIC bid for OMV stake
03 February 2012 15:56 GMTThe Austrian government has reportedly dismissed Abu Dhabi sovereign wealth fund IPIC's request for permission to raise its stake in energy group OMV to at least 25%.
Lundin spuds new Sverdrup probe
03 February 2012 15:54 GMTSwedish explorer Lundin Petroleum has kicked off drilling of the fourth appraisal probe on the Johan Sverdrup discovery off Norway.
Energy sec Huhne resigns after charge
03 February 2012 10:44 GMTUK Energy Secretary Chris Huhne will face a charge of perverting the course of justice over allegations his wife took a hit on driving indiscretions on his behalf.
Gulf Keystone in Algeria transfer deal
03 February 2012 15:33 GMTAIM-listed Gulf Keystone Petroleum has finally wrapped up an agreement to transfer its interest in the Hassi Ba Hamou permit in Algeria as it pulls the plug on the North African country.
Mexico Focus
Nigerian Focus
Indonesia Focus
Brazil Focus
US Offshore Focus
Tullow seals Uganda PSA deals
03 February 2012 09:25 GMTRosneft sees record profits of $12.45bn
03 February 2012 14:47 GMTOilsands Quest gets cash lifeline
03 February 2012 14:21 GMTNational Oilwell in $670m NKT buy
03 February 2012 11:45 GMTYme partners 'failing to pull weight': PSA
03 February 2012 08:35 GMTMore bad luck for Harvest in Oman
03 February 2012 12:24 GMTTotal confirms South Sudan return
03 February 2012 08:43 GMTVoser eyes Libya exploration restart
03 February 2012 10:20 GMTHoegh raises funds, orders FSRU
03 February 2012 07:04 GMTWintershall gets Skarfjell nod
03 February 2012 11:07 GMTBrent rises on Iran retaliation fears
03 February 2012 10:15 GMTDeal boosts Aker in Ghana
03 February 2012 08:07 GMTWentworth spins Mnazi Bay bit
03 February 2012 08:08 GMTInpex net income soars
03 February 2012 07:27 GMTApache restarts post Iggy
03 February 2012 05:33 GMTChina imports to slow
03 February 2012 05:50 GMTNew Sunoco chief in May
03 February 2012 03:52 GMTVoser confirms PetroChina shale splash
02 February 2012 10:03 GMTBrazil hits record crude production
02 February 2012 23:22 GMTReports: Contentious Cuba drilling starts
02 February 2012 20:37 GMTSandRidge deal targets bargain assets
02 February 2012 21:34 GMTShell 'losing $1bn a year' on GOM delays
02 February 2012 21:54 GMTBrent rises, US crude falls
02 February 2012 23:02 GMTPlatinum shelves IPO plans
02 February 2012 22:43 GMTVaca Muerta well registers progress
02 February 2012 22:45 GMTPatterson pumps up profits
02 February 2012 20:47 GMTGMX bucks gas with eyes on oil
02 February 2012 23:55 GMTVoser opens exploration kitty
02 February 2012 14:41 GMT
Upstream Week 4
Upstream Week 3
Upstream Week 2
Upstream Week 1
| National Oilwell in $670m NKT buy |
| Tullow seals Uganda PSA deals |
| Energy sec Huhne resigns after charge |
| Brazil hits record crude production |
| Voser confirms PetroChina shale splash |
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- The riddle of Goldwind, Vestas and Ecuador's Chinese cashpot
- Schwarzenegger fund buys $30m stake in wind group Gamesa
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Oil rises on hot jobs data
04 February 2012 00:09 GMTBrent crude prices rose to a near three-month peak on Friday in heavy volume trading after a report showed the US economy in January created jobs at the fastest pace in nine months, fuelling hopes of stronger demand in the top petroleum-consuming nation.