ExxonMobil, Petrobras sign alliance MOU

ExxonMobil Corp. and Petroleo Brasileiro SA (Petrobras) have signed a memorandum of understanding envisioning a strategic alliance to identify and evaluate business opportunities. Source: News


Lukoil plans Iraqi Block 10 seismic work

Lukoil plans additional seismic surveys over Eridu oil field on Block 10 in Iraq and over southern and central parts of the block not yet surveyed. It signed contracts with state-owned Oil Exploration Co. to acquire 983 sq km of 3D data at Eridu field and 3,500 line-km of 2D data elsewhere on the block.  […]


Baker Hughes: US rig count falls 1 unit to 930

The US drilling rig count fell by 1 unit gain to 930 rigs working during the week ended Dec. 15, data from Baker Hughes indicate. This total is up 293 units from a year ago.   Source: News


NAFTA’s energy-trade benefits risked by weakened deal, House panel told

While the North American Free Trade Agreement could be revised to improve energy trade among Canada, Mexico, and the US, scrapping or weakening it would jeopardize progress that already has been made, four witnesses told a US House Energy and Commerce subcommittee on Dec. 13. Source: News