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The US Energy Information Administration on Tuesday slightly raised its estimate for domestic natural gas production growth in 2012, expecting output this year to be up 2.3% from 2011's record levels.
The president of Encana’s Canadian division has resigned his position at the Calgary-based natural gas producer, effective immediately, according to reports.
Canada's Oilsands Quest has filed for Chapter 15 protection from creditors in a US bankruptcy court, after the troubled player failed to find buyers for its Wallace Creek assets in Alberta.
Libya anticipates a return to pre-war oil output of 1.6 million barrels per day in June or July this year, deputy oil minister Omar Shakmak said on Tuesday, according to a report.
Atwood Oceanics on Tuesday said Israeli player Shemen Oil & Gas Resources had hired the Houston-based driller’s Atwood Beacon jack-up rig for a project in the Mediterranean Sea.