The number of rigs operating in North America declined by 29 last week to 1,811, marking the fourth consecutive weekly decrease for the count, published by oilfield service company Baker Hughes. More »
The government and an affiliate of state-owned oil company Petroleos de Venezuela SA said that approval of the sale was contingent upon Petroandina “guaranteeing an unspecified bonus payment” and $1.52 billion in financing, Houston-based Harvest said today in a statement. More »
Carloads of crude oil spiked well over 4000 percent between 2008 and last year — from 9,500 carloads to 435,560 — as production boomed and the cost for a barrel of oil soared into the triple digits. More »
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