Crude Falls 1% As Bearish News Piles Up
Crude futures settled lower on a spate of negative news, including word of ample crude supply, discouraging signs for economic growth and revelations of a $2B trading loss at J.P. Morgan Chase & Co.
Archive for the ‘RigZone’
Growing Number of Production Floater Projects Planned, Under Study
The number of production floater projects planned or under study is growing worldwide, according to a recent report by International Maritime Associates Inc.
Moody’s Changes Chesapeake Outlook on Funding Risk
Moody’s Investor Service changes its rating outlook for Chesapeake and its subsidiaries to negative from stable over concerns about the company’s plans for funding its large capital spending budget and diminished cash flows.
Independence Energy Pens LOI for Oklahoma Stake
Independence Energy signs a Letter-of-Intent to acquire an interest in a development well drill program and several productive oil wells in Oklahoma.
X-Change to Buy Bakken Acreage
X-Change Corporation will enter an agreement to purchase 16,000 acres in Roosevelt County, NE Montana Bakken formation area.
BreitBurn Adds Acreage in Permian Basin
BreitBurn Energy Partners L.P. has signed two separate agreements to acquire oil and natural gas properties located in the Permian Basin in Texas.
Providence Confirms Significant Reservoir Potential at Barryroe
Providence Resources provided a technical update on the Barryroe oil discovery in the North Celtic Sea Basin, offshore Ireland.
Ocean Rig UDW Drillship Secures Total Rig Gig
Ocean Rig UDW Inc. has signed definitive documentation, following the previously announced Letter of Award for its Ocean Rig Olympia (UDW drillship) with Total E&P Angola.
Stone Energy Acquires Anadarko’s Stake in Pompano Field
Stone Energy signs an agreement to acquire Anadarko’s 25% working interest in the five block deep water Pompano field in Mississippi Canyon.
Rigzone and GE Oil & Gas’ OTC 2012 Young Engineers’ Event
At a Q&A session hosted by GE Oil and Gas, the panel asked the student audience how the O&G industry can be more appealing to young engineers.
