Steam operations begin at Edam East in Saskatchewan

Husky Energy Inc., Calgary, has started steam operations at the 10,000-b/d Edam East heavy oil thermal project in Saskatchewan. Production is expected to begin early in the second quarter. Source: News


UBS: Petrobras to cut more rig contracts

New cuts to ultradeepwater drilling plans by Petroleo Brasileiro SA (Petrobras) aggravate strains on the Brazilian holding company Sete Brazil and on the offshore drilling industry generally, according to UBS Securities LLC. Source: News