WorldOil U.A.E. plans to keep investing in energy amid volatile oil price The United Arab Emirates will continue building and upgrading its oil facilities to maintain its role as a major producer amid the decline and volatility in prices, Energy Minister Suhail Al Mazrouei said. iSURVEY appoints new business development manager iSURVEY has appointed Iain Milroy as business development manager at the company’s Aberdeenshire office. Obama moves to block oil exploration in Alaska refuge President Barack Obama’s call to restrict oil exploration on 12 million acres of the Arctic National Wildlife Refuge probably won’t have much practical impact for an area already off-limits to drillers, though it’s created a new fault line with the Republican-led Congress. BSEE responds to damaged unmanned platform offshore Louisiana BSEE is responding to a damaged unmanned platform in South Timbalier (ST) Block 27 in the Gulf of Mexico approximately 5 miles south of Port Fourchon, Louisiana, in 50 ft of water. Baker Hughes: Rigs seeking U.S. oil fall to two-year low U.S. drillers idled rigs seeking oil for a seventh week as production hovers near a three-decade high, contributing to a global glut that’s kept oil prices below $50/bbl for more than two weeks. BHP Billiton completes acquisition of Petrohawk BHP Billiton completes acquisition of Petrohawk Energy BHP Billiton announced that it has completed its acquisition of Petrohawk Energy Corporation through a short-form merger under Delaware law of its wholly owned subsidiary with and into Petrohawk, with Petrohawk being the surviving corporation as a wholly owned subsidiary of BHP Billiton. The merger was the final step of the acquisition process and follows the previously announced completion of the tender offer by BHP Billiton to acquire all outstanding shares of common stock of Petrohawk. Shale oil growth in U.S. hurts Canadians as well as OPEC OPEC isn’t the only victim of the growth in U.S. shale oil. Mexico’s bidding round will remain competitive, GlobalData says With Mexican oil open to private investment for the first time, the country’s initial bidding round is expected to remain competitive despite low oil prices, delays and a number of uncertainties, according to research and consulting firm GlobalData. Bollinger Shipyards announces key promotions Bollinger Shipyards has announced the promotion of three key leaders. Railroad Commission names new director for oil, gas division The Railroad Commission of Texas (RRC) has named Lori Wrotenbery Director of the Commission’s Oil and Gas Division. She holds a bachelor’s degree in geology from the University of Texas and a law degree from Harvard University.