Worldwide oil and gas reserves climbed 3% in 2009 as capital spending declined, IHS Herold reported Oct. 4 in its 2010 Global Upstream Performance Review.

Nigeria's Parliament is expected soon to pass into law the Petroleum Industry Bill, Nigeria’s Minister of Petroleum Resources Diezani Alison-Madueke told participants at the Rice University Baker Institute for Public Policy in Houston on Sept. 27.

Red Fork Energy Ltd., Subiaco, Western Australia, has established oil production from Pennsylvanian Red Fork sand at eight wells at its 100% owned Pawnee prospect west of Tulsa, Okla.

Two studies under way by the National Petroleum Council will be crucial to developing a long-term energy, environmental, and economic strategy for the US, Obama administration officials told council members at the group’s Sept. 14 meeting.

Murphy Oil Corp., El Dorado, Ark., obtained a position in the Exshaw/Bakken oil play in southern Alberta under an agreement with Kainaiwa Resources Inc., a corporation owned by the Blood Tribe First Nation.

A unit of JKX Oil & Gas PLC has spudded Staro Oryahovo South R-1, the first of two wells that will test amplitude-supported gas prospects in Bulgaria.

Israel's Delek Group will pay a second $140 million for an additional 1% stake in Noble Energy Inc., bringing its total share in the Houston-based firm to 4%.

Development of Marcellus shale natural gas could create 280,000 jobs and add $6 billion of federal, state, and local tax revenues over the next decade, a new study commissioned by the American Petroleum Institute concluded.

Encana Corp. has only just begun to implement the gas factory approach in its North American resource plays and sees large operational and cost efficiencies in doing so, company management said on a July 21 conference call.