Pacific Drilling says bankruptcy possible

Pacific Drilling SA, Luxembourg, stung by lingering problems in the deepwater oil and gas industry, raised the possibility of bankruptcy in its report of second-quarter financial results. Source: News


MARKET WATCH: NYMEX, Brent crude oil prices falling

Crude oil prices retreated toward $49/bbl Aug. 3 on the New York market in what has been a volatile week with prices wavering between gains and losses. Oil prices were falling in early Aug. 4 trading. Source: News


API and its Canadian and Mexican counterparts form NAFTA alliance

The American Petroleum Institute, Canadian Association of Petroleum Producers, and Mexico’s Association of Hydrocarbon Companies (AMEXHI) outlined their shared policy positions on further strengthening North American energy industry competitiveness under the North American Free Trade Agreement. Source: News