Texas firm to build four rigs for Mexican oil giant
Texas drilling rig manufacturer Integrated Drilling Equipment Company Holdings has inked a deal to build four modular offshore platform rigs for a unit of Mexican national oil company Pemex for more than $350 million. More »
India opens shale oil and gas for production
India will allow explorers, including Oil & Natural Gas Corp. and Reliance Industries Ltd., to produce shale oil and gas for the first time as Asia’s second-biggest energy consumer seeks to cut reliance on imports. More »
Oilmen hope to make new history at Spindletop
The name evokes an oil discovery that made history. When a well piercing the salt dome near Beaumont first gushed in 1901, it introduced a cheap supply of commercial energy that transformed the oil industry and American life. More »
ConocoPhillips announces $15.8 billion capital budget
ConocoPhillips will funnel $15.8 billion into its capital spending program next year, largely targeting growth in North America and shale regions, the company announced Friday. More »
Chevron grows capital budget for 2013
Chevron announced a $36.7 billion capital budget for 2013, focused on expanding its oil and natural gas exploration and production activity, while allocating fewer dollars to its downstream arm. More »
Anadarko leaders tout second-quarter bright spots
Anadarko saw sales volumes double in several U.S. fields during over the past year and marked major natural gas discoveries in Africa, leaders said. More »
Report: U.S. oil reserves flourished in 2011
U.S. oil reserves grew 9 percent in 2011 as companies funneled billions into exploring for new deposits across the country, according to an Ernst & Young study. More »
Anadarko expands massive Mozambique discovery
Anadarko’s Golfinho exploration well hit more than 193 net feet of natural gas pay offshore Mozambique, the company announced Tuesday. More »
Energy companies increase E&P spending 10 percent in 2012
Companies will spend a record of nearly $600 billion on global exploration and production of oil and natural gas next year, according to a Barclay’s Capital analyst report released Monday. More »
Iraq to pass energy law, respect all contracts, advisers say
Iraq to Pass Energy Law, Respect All Contracts, Advisers Say ( More »
Shell scientists tout Gulf of Mexico technology to Alaskan journalists
After years of struggling against regulators and environmentalists, Shell Oil Co. is using its successes in the Gulf of Mexico to win supporters for its plans to drill off the shore of Alaska. More »
Exxon Mobil announces major Gulf find
The oil giant expects discoveries in the Hadrian field to yield more than 700 million barrels of oil equivalent — marking one of the largest Gulf finds in a decade. More »
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