Petroleo Brasileiro SA let a contract to a consortium of Shandong Kerui Petroleum Equipment Co. and Metodo Potencial Engenharia to build a natural gas processing unit to be installed in Itaborai, in the Brazilian state of Rio de Janeiro.  Source: News

Announcement due soon about contracts for two nuclear power projects in Saudi Arabia holds drama beyond normal questions concerning who gets the business. Source: News

Saudi Aramco and Petronas have formed two joint ventures to further the two national oil companies’ equal ownership and participation in operations of the refinery and petrochemical integrated development (RAPID) project now under construction at the $27-28-billion Pengerang integrated complex in southeastern Johor, Malaysia.   Source: News

In the only decline for the month, the US drilling rig count dropped 2 units to 993 during the week ended Mar. 30, data from Baker Hughes indicate. The report, released a day early due to the start of the long Easter weekend, shows an overall increase of 169 units from year-ago levels.  Source: […]

Spirit Energy reports a “technical oil discovery” on its Tethys Prospect in the Norwegian North Sea. Well 35/9-14 on PL 682 cut 20 m of hydrocarbon-bearing sandstone in the Oxfordian (Upper Jurassic) Heather formation. Reservoir quality was poor. A downdip sidetrack encountered 30 of sandstone with hydrocarbon shows, but reservoir quality there also was low. […]