The overall US rig count continues its climb with a slight gain this week. Baker Hughes’ calculation of active US rigs increased by 1 unit during the week ended May 18 to 1,046. Rigs drilling for oil were unchanged at 844 rigs compared with last week, while those rigs targeting natural gas gained 1 unit […]

US Gulf Coast onshore ports’ limited tanker loading capacities could increase crude oil export costs because the ports are not able to accommodate very large crude carriers, the US Energy Information Administration warned. Exports have grown using smaller and less-effective vessels to get the crude to designated lightering points farther from shore where it can […]

Williams Cos. Inc. has agreed to acquire Williams Partners LP in an all stock-for-unit transaction valued at $10.5 billion. Source: News

Rex Energy Corp., State College, Pa., has filed for voluntary bankruptcy and plans to sell its assets. The company has interests in the Appalachian basin.  Source: News

Talos Energy LLC, Houston, and partners have submitted appraisal drilling plans to Mexico’s government regarding the Zama-1 discovery well on Block 7 in the shallow-water Sureste basin offshore Mexico. The appraisal well is expected to spud in the fourth quarter. Source: News

Husky Energy is evaluating a discovery 10 km north of its SeaRose floating production, storage, and offloading vessel on White Rose oil field 350 km east of St. John’s, Newf.   Source: News

SDX Energy Inc., London, expects to start production by yearend from a natural gas discovery made by its Ibn Yunus 1X well at South Disouq, Egypt. On test, the well flowed at a stabilized rate of 39.3 MMscfd on a 32/64-in. choke, limited by surface facilities. Source: News

Neptune Energy let a contract to Rosenberg WorleyParsons for work on the Gjoa platform in the Norwegian North Sea to accommodate oil and gas production from Nova field operated by Wintershall Nova AS and partners.  Source: News