Iranian oil may be headed to Europe soon

Daniel J. GraeberTEHRAN, May 11 (UPI) — Iranian tankers are expected to start delivering crude oil to port cities feeding the European market in less than a month, a commercial director said.

Texas drilling permits down 20 percent

Daniel J. GraeberAUSTIN, Texas, May 11 (UPI) — The number of oil and natural gas drilling permits issued by Texas regulators in April was lower year-on-year by 20 percent, state data show.

Maersk Oil announcing more layoffs

Daniel J. GraeberCOPENHAGEN, Denmark, May 10 (UPI) — Danish energy company Maersk Oil announced it was trimming its payroll in an effort to cut costs in response to the pressure from lower oil prices.

EIA: Nigerian oil sector plagued by risk

Daniel J. GraeberWASHINGTON, May 10 (UPI) — Nigeria is the largest oil producer in Africa, though it’s plagued with risks as much of the industry is in the conflict-prone Niger Delta, analysis finds.

North Dakota loses two rigs

Daniel J. GraeberBISMARCK, N.D., May 9 (UPI) — The number of rigs operating in North Dakota was down two from the previous week and nearly 70 percent below this time last year, state data show.

Wood Group lands Iraqi service contracts

Daniel J. GraeberABERDEEN, Scotland, May 9 (UPI) — Oil services company Wood Group said Monday it secured two new contracts in Iraq that will bring in more revenue and create more than 100 new jobs.