BHI: Oil rigs push down overall US rig count by 9

The US drilling rig count fell 9 units to 406 rigs working during the week ended May 13, anchored by a double-digit loss in oil-directed rigs, according to data compiled by Baker Hughes Inc. Source: News


Ephindo takes on IGas interest in Sangatta West block

IGas Energy PLC has sold its 24% interest in Sangatta West CBM Inc. to partner Ephindo International CBM Holding Inc. under a share transfer agreement. IGas said the company’s disposal of its remaining Indonesian interests is effective May 13. Source: News


Nigerian violence linked to amnesty cuts

A surge in violence aggravating an oil-production slump in Nigeria reflects the government’s pullback from an amnesty program for militants, says an analyst at Verisk Maplecroft, Bath, London. Source: News


Florey to become OMV chief financial officer

Reinhard Florey is set to assume the role of chief financial officer of OMV AG on July 1 after reducing by a month his contract period with his current employer, Finnish firm Outokumpu. Source: News


BSEE, Coast Guard investigate oil sheen in Gulf of Mexico

The US Bureau of Safety and Environmental Enforcement (BSEE) and US Coast Guard responded to reports from Shell Offshore Inc. of an oil sheen in the Gulf of Mexico about 100 miles south of Port Fourchon, La. Source: News