-- Mexico's oil output continues to recede State-owned Petroleos Mexicanos said the country's production and exports of crude oil fell sharply in first-quarter 2008 as output continues to recede at Cantarell, the country's main oil field.
-- US drilling exceeds 22 year high US drilling activity broke a 22-year record the week ended May 23, with 1,889 rotary rigs working, the most since Jan. 3, 1986 when Baker Hughes Inc. reported 1,983 units active.
-- AWE extends FPSO charter Sydney-based Australian Worldwide Exploration Ltd. negotiated a 14.5-year extension on its charter for the FPSO Umuroa for its Tui oil field in the offshore Taranaki basin of New Zealand.
-- Petroecuador cuts production target State-owned Petroecuador plans to cut its 2008 production target to 172,000 b/d of crude oil, or some 4% less than the goal set at the first of the year.
-- Norway cuts 2008 oil production forecast Norway has revised its oil production forecast for 2008 to 2.4 million b/ddown from the previous projection of 2.5 million b/din its revised budget for this year.
-- Oilexco lets UK North Sea subsea work to Technip Oilexco North Sea Ltd. has signed a framework agreement with Technip SA for engineering, project management, and construction services for subsea developments at its Shelley oil field and other fields in the UK North Sea.
-- Wyoming Range bill is not just another federal land lockup When the Senate Energy and Natural Resources Committee sent 45 public land, forest, park and water bills to the floor on May 7, the measures included a bill to close 1.2 million federal acres in Wyoming to future oil and gas leasing.
-- Indonesia to reduce oil imports, raise production Indonesia, facing widespread public protests over planned fuel price hikes, aims to lower its costs by reducing imported oil and increasing the country's production to 1.2-1.5 million b/d by 2010.
-- BHP Billiton overseeing repairs to Neptune TLP hull BHP Billiton is overseeing repairs to the Neptune TLP in the Gulf of Mexico to reinforce certain structural components in the hull's pontoons as required to meet the TLP's original design intent.