-- US drilling rebounds, ends 3-week downturn US drilling activity increased by 11 units to 1,990 working this week, ending a 3-week decline and up from 1,767 rotary rigs drilling last year during the same period, Baker Hughes Inc. reported.
-- API: Third quarter US completions up 16% over 2007 US oil and gas drilling continued to outpace year-ago activity during the third quarter and is nearly twice the levels seen during the 1990s, the American Petroleum Institute said Oct. 10.
-- Brazil launches new platform, loading terminal Petrobras has inaugurated the P-51, the company's first-ever domestically built semisubmersible platforma milestone event according to government and company officials.
-- Snohvit shut down for 30-day equipment exchange StatoilHydro shut down production Oct. 4 from Snohvit field in the Barents Sea for 30 days to replace two heat exchangers at the Melkoya gas liquefaction plant-terminal near Hammerfest in northern Norway.
-- US drilling continues to wind down US drilling activity continued to decline, down by 16 rotary rigs to 1,979 working this week, vs. 1,755 during the same period a year ago, said Baker Hughes Inc.
-- Bualuang oil output begins in Gulf of Thailand Production from Thailand's newest oil field, Bualuang, operated by Salamander Energy, reached a plateau level of more than 17,000 b/d of oil after the five producing wells were brought on stream.
-- ROV operators to earn $9 billion over next 5 years Oil and gas industry expenditure on work-class ROV operations is likely to total $1.6 billion in 2008, and the market is set to reach $2.4 billion by 2012, reports Douglas-Westwood in a new study.
-- Mexican production continues downward spiral Mexico's state-owned Petroleos Mexicanos said that during January-August 2008 its production of crude oil fell to 2.83 million b/d or 9.7% while exports dropped 16% compared with the same period in 2007.