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Saudis seek FMS support deal
The U.S. Defense Security Cooperation Agency has reported a possible $80 million Foreign Military Sale deal to Saudi Arabia.
Lundin spent millions on dry holes
Swedish energy company Lundin Petroleum said Tuesday it spent roughly $127 million on exploration programs during the first quarter of the year without success.
CNOOC boasts of 1st quarter success
China National Offshore Oil Corp. made "significant progress" with its exploration program during the first quarter, its chief executive officer said.
U.S. defends Keystone XL delay
Extending the review process for the Keystone XL pipeline was proper given ongoing uncertainty about the route through Nebraska, the U.S. State Department said.