News / International
Jericho Further Invests in Oklahoma
Jericho Oil Corporation announced it signed a letter of intent to purchase a 50 percent working interest in 2,050 acres of land in Oklahoma, according to a press release. The new land will bring Jericho's acreage up to more than 5,800 acres.
More Gas Discovered Offshore Northern Australia
Santos says an appraisal well has proved more gas at the Barossa discovery in the NT/RL5 permit offshore Northern Territory.
Baker Hughes: Gulf of Mexico Rig Count Remains Stable
Baker Hughes count of rigs operating offshore US held steady last week at 54. Of this number, 53 were in the Gulf of Mexico. This in a week where the total US rotary rig count dropped 42, reaching 1,568 as compared to 1,610 the week prior.
Long-serving Apache CEO Farris Retires
Steven Farris, chairman, president, and CEO of Apache Corp. (NYSE, Nasdaq: APA) will be retiring.
WorleyParsons Awarded Canadian Oil Sands Project
WorleyParsons Ltd.’s Canadian subsidiary WorleyParsonsCord has been selected to provide fabrication, modularization, and construction services in an agreement with a major exploration and production company in Canada to construct a significant oil sands mining project.
Energy Subsidies in Mena Region Drop by $60 billion
Energy subsidies in the Mena region have fallen by US$60 billion and could continue to decline should oil prices drop further, a senior IMF official has said.
Saudi Aramco Boosting Gas Production
Saudi Arabian Oil Co. plans to start natural gas production at a field near Jordan next year as the world’s biggest crude exporter is “investing big in gas,” CEO Khalid Al-Falih said.
World’s Largest Solar Desalination Plant for Saudi
Abengoa SA (ABG), a Spanish energy and environment company, will develop the world’s largest solar-powered desalination plant in Saudi Arabia with a local water firm.
