Qatar Petroleum awards contracts for the North Field LNG Expansion Project  LNG IndustryQatar Petroleum has awarded contracts for a total of eight offshore Jackup Drilling Rigs required for the North Field Expansion Project. Read more https://www …

Wall Street JournalHope Floats for Offshore Oil DrillersWall Street JournalThe economics of offshore drilling have deteriorated not just because oil prices remain lower than their previous peak, but because onshore shale production has become much more eff …

Venezuela Alleges Fraud in $1.3 Billion Oil-Rig LeaseWall Street Journal (subscription)CARACAS, Venezuela—The Venezuelan government is investigating alleged corruption in a $1.3 billion contract between the state oil company and a private contractor co-fou …

Investor's Business DailyUS Oil-Rig Count Climbs by Five, Baker Hughes SaysWall Street Journal (subscription)The number of rigs drilling for oil in the U.S. rose by five in the past week to 602, according to oil-field services company Baker Hughes Inc., ma …

CBC.ca'Three Stooges' of sentiment continue to rile oilMarketWatchThe oil market is concerned that once a deal is reached, Iran may add millions of barrels of oil into an already oversupplied global market. Data Friday from Baker Hughes BHI, -0.22% …

Wall Street JournalUS Oil-Rig Count Rises for Second Straight WeekWall Street JournalIn late May, several U.S. shale-oil companies said they were ready to bring rigs back into service, setting up the first big test of their ability to quickly react to risi …

Financial TimesOil price could fall further, warns International Energy AgencyFinancial TimesThe rebalancing of the oil market that started last year has yet to run its course and a bottom in prices “may still be ahead”, according to the world's leadin …

FuelFix (blog)US Oil Rig Count Falls to 635 in Latest WeekWall Street JournalOil prices have traded in a tight range recently, with U.S. prices pivoting around the psychologically key $60-a-barrel level. Forecasts that the global glut of crude oil will shr …

FuelFix (blog)Oil layoffs reach 150000, recruiting firm saysFuelFix (blog)Swift said the layoffs are ubiquitous, impacting western oil producers, state-owned oil companies, oil field service firms, engineering and construction companies and manufacturers. …

The Seattle TimesLegislature needs to pass oil-train safety billThe Seattle TimesSTATE legislators have now spent 3-½ months debating competing bills to improve oil-train safety. During that time, four more trains carrying crude have derailed and caught fi …