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REGION ENERGY NEWS

Cosco Delivers 2 Jackups to Foresight Group and a PSV to a European Buyer

Cosco Dalian delivers 2 jackups to the Foresight Group, while a European buyer took delivery of a platform supply vessel (PSV) from Cosco Guangdong.


Oil Prices Fall off Larger than Expected Rise in Crude Inventories

Oil prices fall immediately following the release of the EIA's Weekly Petroleum Status Report.


BLOG: Can OPEC Return from its Near-Death Experience?

A production freeze at record volumes might not do much to stabilize a market that appears to be stabilizing itself, but it could signal OPEC's return to relevance.


Canada May Ask Oil Firms to Pay Extra for Far-Offshore Drilling

Canada may ask oil companies to contribute to the hundreds of millions of dollars or more the country has to pay to an international body if they drill far offshore, according to an internal...


Obama's Final GOM Western Area Lease Sale in Louisiana Nets $18 Million

Against a backdrop of historic flood damage, the first federal offshore oil and gas lease sale broadcasted on the internet delivers two dozen offers.


Equipment & Materials

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