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Colombia rebels snatch oil workers

21 March 2010 23:42 GMT

Colombian guerrillas have kidnapped five local oil contractors near a US-operated oilfield, taking them into mountainous terrain near the Venezuelan border with troops in pursuit, local officials said.

cropped to get Petrobras logo

Petrobras beats forecasts

Petrobras said fourth-quarter net income rose 31%, more than analysts' forecasts, as the company pared back costs and expenses amid declining revenue.

EIA defends accuracy of oil report

The US government's top energy forecaster defended the accuracy of its data today following a report that its weekly market-moving oil inventory report has contained several errors in recent years.

Services duo delay merger meeting

Houston-based Baker Hughes and BJ Services postponed their special shareholder meetings to approve their $4.8 billion deal as they continue to seek antitrust approvals from US regulators.

Shell wins eastern Gulf treble

Anglo-Dutch supermajor Shell and Canadian player Nexen have made a third oil find in the eastern Gulf of Mexico, with a probe drilled on the Appomattox prospect delivering the goods.

Ensco sells jack-ups for $95m

Ensco International said that subsidiaries of the company have sold two jack-up drilling rigs, Ensco 50 and Ensco 51 for the combined sale price of about $95 million.

ConocoPhillips names new Alaska boss

US supermajor ConocoPhillips has named Trond-Erik Johansen to replace Jim Bowles as the head of its Alaska operations.

Campeche Sound duo 'hold 2bn barrels'

Mexico's state-owned producer Pemex said the at the Ayatzil-Tekel and Tsimin-Xux fields, discovered two years ago in the Gulf of Mexico, could yield more than 2 billion barrels of oil.

Gulf Island scores Iraq oil defense gig

Louisiana-based Gulf Island Fabrication said a subsidiary had received a letter of intent to work as a sub-contractor in the construction of two 60-metre offshore support vessels for the Iraqi Navy.

US rigs up by 20

The number of oil and gas rigs drilling in the US increased by 20 this week bringing the total to 1427.

Enbridge boosts North Dakota flows

Calgary-based pipeline giant Enbridge Inc has more than doubled the capacity of the North Dakota system pipeline to handle up to 161,000 barrels per day, as crude output in the region increases, state officials said.

OSX raises $1.58bn as IPO fizzles

OSX Brasil raised 2.82 billion reais ($1.58 billion) in its initial public offering yesterday, less than expected and a setback to billionaire Eike Batista, who controls the start-up shipbuilding and oil services provider.

Chinese players woo Statoil

Four Chinese companies said to be bidding for a 40% stake in a field off Brazil being sold by Norwegian giant Statoil, according to reports.

Ecuadoreans appeal Chevron ruling

19 March 2010 01:00 GMT

Enbridge restarts US-Canada pipe

19 March 2010 06:09 GMT

Mexico adds to reserves cache

18 March 2010 20:22 GMT

Flint beats Street estimates

18 March 2010 22:09 GMT

Connacher sees production growth

18 March 2010 21:51 GMT

EPA to launch shale gas probe

18 March 2010 14:02 GMT

Petroecuador chief resigns

17 March 2010 17:04 GMT
europe

EU gas crisis plans clears first hurdle

European Union proposals to force countries to build new emergency gas infrastructure have been given the nod by a parliamentary panel, but a requirement to prepare for 60 days of supply cuts was reduced to 45 days.

africa

KNOC keen on Jubilee slice

South Korea's national oil company is interested in buying a stake in Ghana's giant Jubilee oil field, the Korean firm and Ghana's state oil agency said today.

Middle East & North Africa

Qatar to boost India LNG exports

Qatar plans to raise its supply of Liquefied Natural Gas to India to 11.5 million tonnes from 2014, against the current 7.5 million tonnes a year, Qatar Oil Minister Abdullah al-Attiyah said in New Delhi.

FSU & Russia

Keppel takes Azerbaijan plunge

Singaporean giant Keppel Offshore & Marine is poised to strengthen its presence in the Caspian after sealing a deal with Azerbaijan's state-run producer Socar and the Azerbaijan Investment Company (AIC) to develop and manage a new 52 hectare shipbuilding and ship repair facility in Baku.

asia & oceania

Arrow backs boosted Shell offer

Australian coalbed methane player Arrow Energy has accepted a higher takeover offer from a joint venture of Shell and PetroChina that splits off the company's international assets into a separate unit.

Regions

Arrow backs boosted Shell offer

Australian coalbed methane player Arrow Energy has accepted a higher takeover offer from a joint venture of Shell and PetroChina that splits off the company's international assets into a separate unit.

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