http://news.rigzone.comThe latest upstream oil and gas news from around the world.Copyright 2012 Rigzone.com Inc. All rights reserved.http://www.rigzone.com/images/logo_rigz_131x20.gifhttp://www.rigzone.com/news/13120http://www.rigzone.com/news/article.asp?a_id=118115&rss=trueFMC Technologies has signed two five-year contracts with Island Offshore Management AS to supply Light Well Intervention (LWI) services for use by Statoil in the North Sea.Wed, 23 May 2012 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=118114&rss=trueAmerican Eagle put the Christianson 15-12 on production from the Three Forks Formation after completing the cleanout of the lateral section and installation of production equipment.Wed, 23 May 2012 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=118111&rss=trueStatoil has awarded contracts for new light well intervention (LWI) vessels for approx. 500 operated subsea wells on the Norwegian continental shelf (NCS).Wed, 23 May 2012 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=118084&rss=trueADX Energy Limited provides an operational update on the well test of its Sidi Dhaher-1 oil discovery, onshore Tunisia.Tue, 22 May 2012 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=118082&rss=trueAGR has been awarded a well management contract from Cooper Energy Tunisa Bargou (CTEB).Tue, 22 May 2012 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=118077&rss=true"We are very pleased that the San Andres appears to be productive for oil in the Sombrero well," said CEO W. Michael Ford. Tue, 22 May 2012 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=118047&rss=trueOtto Energy Ltd. provides an update on remaining oil reserves balances at the Galoc oil field in the Philippines as at January 1, 2012.Mon, 21 May 2012 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=118026&rss=trueOil production in Saudi Arabia rose to 9.923 million barrels a day in March, overtaking Russia as the world's largest producer for the first time in six years.Mon, 21 May 2012 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=118025&rss=trueWartsila Hamworthy wins a contract from Ecovix-Engevix Construcoes Oceanicas to deliver Inert Gas Generator units to eight FPSOs in the Santos Basin. Mon, 21 May 2012 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=118023&rss=trueChina's apparent oil demand in April edged up just 0.3% year on year to 38.32 million metric tons, or an average 9.36 million barrels per day, a just-released Platts analysis of recent Chinese government data showed.Mon, 21 May 2012 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=118022&rss=trueSaipem has been awarded new E&C Offshore contracts in Russia and the North Sea worth over $1.1 billion.Mon, 21 May 2012 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=118019&rss=trueA workover rig is being mobilized to commence field operations at the re-development of the Goudron Field in south-eastern Trinidad, according to LGO. Mon, 21 May 2012 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=117991&rss=true"We are delighted with the Miran West 3 test results which give us great comfort on the extent of the primary gas reservoir and demonstrates its producibility," CEO Tony Buckingham said. Fri, 18 May 2012 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=117972&rss=trueVolga reports successful production test on VM field, but analysts more interested in operation to upgrade Dobrinskoye field.Fri, 18 May 2012 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=117938&rss=trueMagnolia Petroleum Plc announced its participation in three further wells in proven onshore oil plays in Oklahoma, as part of its expansion strategy to rapidly build production. Thu, 17 May 2012 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=117934&rss=trueWest Siberia-focused RusPetro's aggressive well program is expected to more than double its production by the end of 2012.Thu, 17 May 2012 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=117930&rss=trueApache Corporation announced that an extension well had initial production rates higher than any oil well drilled at the Beryl Field in the UK North Sea since 2001.Wed, 16 May 2012 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=117928&rss=trueTethys Petroleum has received an updated oil Resource Report for its Kazakhstan assets that estimates gross unrisked recoverable mean prospective oil resources of 1.17 billion barrels of oil.Wed, 16 May 2012 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=117927&rss=trueDragon Oil publishes an update on the successful completion and initial testing of the Dzheitune (Lam) 28/169 development well and on the Group's recent production performance.Wed, 16 May 2012 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=117898&rss=trueIran has stated about launching the oil and gas extraction operations in Iran's sector of the Caspian Sea.Wed, 16 May 2012 00:00:00 GMT