Rig Count: US Decline Continues; Canada Rises

While rigs in the U.S. declined for the seventh straight week, Canadian rigs experienced a bump of 11 rigs the week of Feb. 5, according to the latest North American rig count data from Baker Hughes.

Ceona Services Sells PDi Engineering Subsidiary

PDi, which provides multi-discipline engineering and project management for the oil and gas industry, was acquired by Ceona in 2012 to augment Ceona Group.

Workers at Ivory Coast's Petroci Extend Strike

Petroci is a small oil and gas producer, partnering with E&P companies and managing a logistics base serving offshore blocks, Reuters said. Ivory Coast is French-speaking West Africa’s largest economy.

Loss-making Oil Fields Unlikely To Be Shut Willingly

A group’s analysis showed that 3.4 MMbbl/d of oil pumped now, 3.5 percent of worldwide production, is “cash negative” at Brent prices of $35 per barrel.

Total-Led Consortium Bids For Blocks Offshore Greece

The country received three bids for deep sea oil and gas drilling in 20 offshore blocks in the Ionian Sea and south of the island of Crete last summer and unsealed the bids earlier this week.

EU Clears Acquisition Of Cameron By Schlumberger

"The proposed acquisition would raise no competition concerns, given the very limited overlaps between the companies' activities and the modest increment in market shares brought about by the transaction," the European Commission said.

Hellenic Petroleum, Energean Will Explore Onshore Greece Gas Blocks

Greece has made several fruitless attempts over the last 50 years to find big oil and gas reserves, and has increased those efforts due to its debt crisis, Reuters reported.

Eni, Novatek Receive 30-year Montenegro Oil Concessions

The concessions for four blocks in the Adriatic Sea were awarded in line with the terms of a 2014 tender, pending parliamentary approval, an economy ministry's spokeswoman said, Reuters reported.

Fugro Lands Work For BHP’s Pyrenees Project

The project includes the Stickle, Crosby, Tanglehead, Moondyne, Wild Bull and Ravensworth fields. It also includes the tie back of the Stickle 9 well to the existing Tanglehead manifold, Fugro said in the release.

Africa Oil Completes Kenyan Farm-out Deal With Maersk Oil

Africa Oil now holds 25% interests in Kenyan blocks 10BB, 13T and 10BA. Maersk holds a 25% interest in each of the blocks, and Tullow holds 50% interest in the blocks and serves as operator. 

Statoil Earnings Fall, But Beat Expectations

The company reported a fourth-quarter adjusted operating profit of 15.2 billion crowns (US $1.78 billion), down 43 percent from a year earlier but better than the 13.9 billion ($1.6 billion) expected by analysts polled by Reuters.

American Gilsonite Names New CEO, President

With more than 30 years of experience in the oil and gas service sector, David Gallagher has served with Schlumberger, CARBO Ceramics and Baker Hughes in engineering, operations, product development and executive management roles.