Industry news and industry widget

Public entities across Washington will have to pull a total of $170 million out of JPMorgan Chase because the new owner of Washington Mutual has decided not to become a qualified holder of public funds. (JPM)

COSL has delayed construction of one of the deepwater drilling rigs previously ordered by Awilco Offshore.

Iraq's oil minister on Friday again denounced oil contracts signed by Kurdish authorities with foreign firms as illegal, signalling that a bitter feud over oil in the semi autonomous northern region is far from over.

According to the Department of Petroleum Resources, unrest in the Niger Delta, the heart of Nigeria's oil industry, is costing 397,697 barrels of lost production a day.

A handful of major, international oil companies braved still-dicey security conditions in Iraq to attend the country's first significant petroleum conference, with several executives expressing hope they'd soon be setting up shop here.

COSL has delayed construction of one of the deepwater drilling rigs previously ordered by Awilco Offshore.

Russia's Gazprom will sign a final agreement on the purchase of Serbia's oil monopoly NIS by end of December, Gazprom's Chief Executive Officer Alexei Miller said on Friday.

Brazil has qualified 47 companies to participate in the country's 10th concession round for 130 exploration and production blocks.

Gov.-elect Jay Nixon named more than 100 Missourians to serve as citizen transition advisers.

The Wichita Metro Chamber of Commerce announced Thursday it will eliminate three jobs.