Saxon Oil Company announced a non-brokered private placement, which will provide the Company with sufficient capital to further develop the potential of its international and domestic oil and gas projects.
HB Rentals has installed a six-building accommodation package on the Mighty Servant 3, a Mobile Landing Platform (MLP) Time Charter Project.
Knight Oil Tools has named Norman Henry as its Sales Manager for the Louisiana region, announced Vice President of Sales and Marketing, Doug Keller.
Pacific Asia Petroleum has completed its previously announced registered direct offering, raising an aggregate amount of $17.5 million, before deducting placement agent fees and offering expenses.
The rig count recovery to date has centered around oil focused and horizontal directed drilling activity. However, so far in 2010 the gas rig count has been playing some catch up.
CEO Jose Sergio Gabrielli said Monday that Petrobras’ pending capital spending plan will likely trump the allocated amounts for 2009-2013.
A consortium led by CNOOC has signed an initial agreement with the Iraqi oil ministry to develop the 2.5 billion-barrel Missan oil field complex.
Shell and PetroChina reportedly made a joint bid of $3 billion to acquire Arrow Energy in line with surging international interest in Australia’s unconventional natural gas.
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