-- Yemen to raise oil production by 2010 Yemen plans to increase its oil production to 500,000 b/d by 2010 from the current 317,000 b/d, according to the country's oil minister, Khaled Bahah.
-- Transneft to start ESPO export terminal this month Russia's state-owned pipeline concern OAO Transneft will begin construction for the export terminal of the East Siberia Pacific Ocean oil pipeline this month, according to company officials.
-- US drilling slips 8 units US drilling activity slipped to 1,763 rotary rigs the week ended Feb. 29, 8 less than the previous week but up from 1,752 during the same period last year, said Baker Hughes.
-- Neptune Marine to buy, reactivate semi Neptune Marine Oil & Gas Ltd., Nicosia, has agreed to buy the Atlantic Venture semisubmersible drilling rig, former Sedco 708, and plans to reactivate it.
-- US rig count rebounds by 18 US drilling activity rebounded, increasing 18 units with 1,773 rotary rigs working this week vs.1,746 during the same period in 2007, Baker Hughes Inc. reported.
-- StatoilHydro leases deepwater drillship StatoilHydro AS will use the GSF Explorer ultradeepwater drillship to drill three exploration wells on Indonesia's Karama Block off West Sulawesi in late 2009.
-- EnCana lets EPC contract for Deep Panuke field EnCana Corp. has let a $195 million engineering, procurement, construction, and installation contract to Acergy SA for offshore installation work on Canada's Deep Panuke field.
-- US rig count down by 8 US drilling activity declined by 8 rotary rigs to 1,755 working this week, up from 1,731 in the same period a year ago, said Baker Hughes Inc.
-- Mexico oil production decline to increase in 2010 Mexico will face difficulties in producing crude oil over the coming 2 years, according to a media report, which claims that Cantarell and Ku-Maloob-Zaap (KMZ) fields will decline simultaneously in 2010.
-- Total, PDVSA sign heavy oil agreements Total SA signed two joint study agreements with Petroleos de Venezuela SA (PDVSA) to appraise extraheavy oil reserves and assess a production project for Block Junin10 in Venezuela's Orinoco Belt.
-- Suncor plans $20.6 billion oil sands expansion Suncor Energy is planning to invest $20.6 billion (Can.) to expand the oil production capacity at its oil sands operation north of Fort McMurray, Alta., by 200,000 b/d, to 550,000 b/d in 2012.