Oilfield services provider Schlumberger Ltd. reporting a nearly 13 percent jump in profit driven by robust spending among customers searching for new sources of crude and natural gas. Unless the global economy goes into the tank, Schlumberger said it expects continued brisk spending on exploration and production as energy companies try to benefit from high [...]

Offshore Rig Fleet contract status of ENSCO International report can be accessed through their oficial website. In the report of contract status of ENSCO’s offshore rig fleet includes information on The company’s estimated rig availability, contract duration or future day rates, customers or contract status.
ENSCO, headquartered in Dallas, Texas, owns and operates a modern fleet [...]

Energas Resources, Inc. announced today that the company is currently waiting on the completion rig to move onto the Finley #5 well location in Niobrara County, Wyoming. The completion rig contractor has reported an unexpected delay on their previous job for an unrelated company and plan to move to the Finley #5 location upon conclusion.
“We [...]

President Bush urged Congress to lift its long-standing ban on offshore oil and gas drilling, saying the U.S. needs to increase its energy production. Democrats quickly rejected the idea.
“There is no excuse for delay,” the president said in a statement in the Rose Garden. With the presidential election just months away, Bush made a pointed [...]

A Lehman Brothers analyst raised his price targets on 37 companies in the oil services and drilling sector, seeing a strong recovery in 2008 and 2009 for North American natural gas drilling along with significant international growth over the next few years.
Analyst James Crandell’s top picks in the sector are Weatherford International Ltd., Halliburton Co., [...]

The U.S. Senate Tuesday rejected an attempt to expand offshore oil and gas drilling to allow the states to generate revenue.
The Republican-backed proposal would have allowed states to drill off their coasts and share revenues with the federal government, the (Newport News, Va.) Daily Press reported.
The amendment would have amended a federal ban prohibiting offshore [...]

A bill that would start the process for Louisiana to borrow against a new stream of oil and gas drilling royalties to get advance cash for coastal restoration and protection projects has received approval from both the House and Senate.
The House unanimously agreed today to create a new, state-run public corporation, the Louisiana Coastal Protection [...]

The Arkansas Department of Environmental Quality is revamping proposed regulations that would provide uniform rules for drilling companies along the Fayetteville Shale, Director Teresa Marks said Friday.
Over the next few weeks the department will work with industry representatives and others to revamp the regulations that were first proposed earlier this month, Marks told members of [...]

In Texas, it seems they’ll drill for oil and gas just about anywhere.
The state’s thirst for petroleum products was underscored on Tuesday when the Chesapeake Energy began drilling operations at an unlikely location — the Dallas/Fort Worth (DFW) International Airport.
Roughnecks lowered a massive gold drill bit into the soil near one of the runways [...]

A spokesman for Senator Craig Thomas says Thomas believes that local interests should buy back oil and gas drilling leases if they do NOT want drilling to occur on those leases.
Spokesman Cameron Hardy says Thomas is trying to form a coalition that would do such buyouts. He says Thomas believes that the state also should [...]