Rex plans cash splash on Marcellus gas
US player adds $25m to 2013 capex for drilling and completion in Pennsylvania amid stronger gas prices
Directors flee from Cougar
Four directors of struggling Canadian minnow Cougar Oil & Gas have resigned their positions due to the company’s precarious financial situation.
US to give BP evidence on size of Gulf oil spill
BP will gain access to US government documents that may shed light on the size of the 2010 Deepwater Horizon oil spill in the Gulf of Mexico, a crucial issue in determining the oil company's liability.
Shell responding to Gulf sheen
An oil sheen spotted near Shell platforms in the central Gulf of Mexico has caused the company to send a spill response vessel and seek aircraft overflights, a Shell spokeswoman said on Wednesday.
Transocean’s Sedco 714 nears Elgin
Transocean’s Sedco 714 rig could be in position near Total’s leaking Elgin platform as early as Wednesday as the French major remains silent on firm plans to halt a gas leak.
Chevron foresees upbeat Q1
Chevron said on Tuesday its first-quarter profit would be higher than in the previous quarter despite lower US production and the impact of a shut-in of its Frade offshore field in Brazil.
Oil falls on China fears
Oil suffered its biggest one-day percentage loss of the year on Tuesday, hitting a seven-week low as concerns about a potential slowdown in the economy of No. 2 crude consumer China added to worries about global demand.
Cyclone faces possible safety fines
The US Occupational Safety and Health Administration (Osha) has proposed $65,000 in fines against Cyclone Drilling for allegedly exposing workers on a rig to fire, falling and other hazards in a North Dakota oilfield.
YPF battle takes on international dimensions
Argentina's dispute with its largest oil and gas producer has taken on international dimensions after provincial governments revoked oil concessions held by companies from three countries.
Worker killed at North Slope drill site
A worker at a drill site on a man-made island in the Nikaitchuq field off Alaska’s North Slope was killed this week when he was reportedly struck by a falling beam.
Terra selling Montney acreage
Terra Energy is looking for buyers or joint-venture partners for up to 140,000 acres in the Montney shale play of northeastern British Columbia, the company said Monday.
Marathon hands Alaska key to Hilcorp
Marathon Oil has agreed to sell the bulk of its Alaska assets to Hilcorp Energy, the company said Monday.
Helicopter crash kills six in Niger
Four Chinese employees from state oil firm CNPC and two French crew members were killed in a helicopter crash in Niger's Tenere desert, two Nigerien security sources said on Monday.
Petrobras find extends Iara field
Brazilian state-run oil company Petrobras has confirmed the extent of the Iara oilfield after hitting oil in an exploration well in the offshore Santos basin.
Browse delay request accepted
Both the Australian and Western Australian governments have approved a request by Woodside and its partners on its Browse basin liquefied natural gas project to extend their leases on the area to mid-2013.
Oil seep discovered at Roncador
An oil seep was discovered in Brazilian state-run oil company Petrobras' offshore Roncador oilfield, according to Brazilian oil regulator ANP.
Oil falls on demand worry
Crude futures fell on Tuesday as worries about lacklustre demand and fading prospects for more monetary stimulus from the US central bank countered concerns about potential supply disruptions.
Hawkley gets Sorochynska production licence
Australia’s Hawkley Oil & Gas has been awarded a 20 year production licence over its Sorochynska gas and condensate project, in the Poltava region of Ukraine.
Linn scores $400m Salt Creek JV with Anadarko
US independents Anadarko Petroleum and Linn Energy have finalised a $400 million joint-venture deal in the CO2 enhanced-oil recovery project in the Salt Creek field of the Powder River basin in Wyoming.