Statoil ASA has commenced production drilling in Mariner heavy oil field from the East Shetland platform in the UK North Sea, 150 km east of the Shetland Isles. Source: News

Chief executives of large companies value technology over people, suggests a study by Korn Ferry. Source: News

The Nov. 30 agreement by members of the Organization of Petroleum Exporting Countries to collectively cut production delivered a jolt of excitement amongst traders and resulted in an accompanying spike in crude oil prices during the week ended Dec. 2. Source: News

Clay Neff has been named president of Chevron Africa & Latin America Exploration & Production. Source: News

A US Senate Homeland Security and Government Affairs subcommittee divided over two reports the Government Accountability Office issued 2 days earlier about the US biofuels industry’s ability to produce enough supplies to meet future Renewable Fuel Standard (RFS) quotas and to reach the RFS’s greenhouse gas (GHG) reduction goals. Source: News

The US Bureau of Land Management has issued an updated land-use planning rule aimed at making the process more accessible to the public, more responsive to the changing conditions on the public lands, and more efficient. Source: News