FAR Ltd., Perth, has released the results of an independent report that shows a 14% increase from calculations made in April in the contingent resources of SNE oil field offshore Senegal. The report, completed by Perth consultancy RISC Operations Pty. Ltd., has upgraded the 2C contingent recoverable resources for SNE field to 641 million bbl. […]

Crude oil prices fell by more than $1/bbl on the New York and London markets Aug. 22, which analysts attributed partially to a Baker Hughes Inc. report that the US rig count jumped by 10 rigs for the week ended Aug. 19 to 491 total working rigs. Source: News

S-Oil Corp., Seoul, has let a contract to General Atomics Electromagnetic Systems (GA-EMS), San Diego, to provide electrostatic separation technology and equipment to be installed at a residue upgrading complex (RUC) now under construction at S-Oil’s 669,000-b/d Onsan refinery complex in Ulsan, South Korea. Source: News

The board of Petroleos Mexicanos (Pemex) has approved the appointments of Carlos Murrieta Cummings as managing director of Pemex Transformacion Industrial SA de CV, effective Sept. 1, and Rodrigo Becerra Mizuno as corporate director of business process and information technology, effective Sept. 5. Source: News

Chris Peracchi has been appointed vice-president and acting chief financial officer of EXCO Resources Inc., Dallas, effective Aug. 22. He previously served as vice-president of finance and investor relations, and treasurer. Source: News