WorldOil PSAC raises Canadian drilling forecast by more than 2,500 wells for 2017 The Petroleum Services Association of Canada (PSAC), in its second update to the 2017 Canadian Drilling Activity Forecast, announced its revision of the forecasted number of wells drilled (rig released) across Canada for 2017 to 6,680 wells. New API safety standards developed to enhance OandG industry equipment, operations The American Petroleum Institute’s Global Industry Services department (API Global) released two new safety standards: API Standard 16AR - Standard for Repair and Remanufacture of Drill-through Equipment and API Standard 18LCM - Product Life Cycle Management System Requirements for the Petroleum and Natural Gas Industries. Halliburton, Trendsetter, C-Innovations form Gulf of Mexico subsea alliance Halliburton, Trendsetter Engineering and C-Innovations today announced the companies have formed a strategic alliance to provide Gulf of Mexico (GOM) customers with technologically advanced, integrated offshore well intervention packages. Lukoil continues field facilities construction at North Caspian Lukoil has deployed two convoys of vessels carrying constructive elements of Phase 2 field development facilities for LUKOIL’s Caspian projects. U.S. nearly doubled rigs drilling for gas since August, but production still lags The number of rigs drilling for gas has almost doubled since August, but output continues to fall. Schlumberger contracts with Pemex for multiclient wide-azimuth seismic survey in Campeche Basin Schlumberger announced today that Petroleos Mexicanos (Pemex) has signed an agreement to license data from the WesternGeco Campeche wide-azimuth (WAZ) multiclient seismic survey in the Salina del Istmo province of the southern Gulf of Mexico. Helmerich and Payne announces U.S. contracted land count increases by 41 rigs from December 2016 Helmerich and Payne, Inc. (HandP) announced that its U.S. contracted land rig count increased by 41 rigs from Dec. 31, 2016 to March 31, 2017, and by 73 rigs from Sept. 30, 2016 to March 31, 2017. Patterson-UTI Energy reports 22% increase for U.S. rig count in first quarter Patterson-UTI Energy reported its average rig count in the U.S. increased 22% to 81 rigs during the first quarter of 2017, up from 66 rigs in the fourth quarter of 2016. OPEC's efforts to cut production continue to battle U.S. output Oil rose in New York, trimming a monthly decline, as OPEC-led drillers and Russia cite their adherence to an output-reduction deal in the face of a ramp-up in U.S. crude production. Oil supermajors are back: Exxon, Chevron triumph in crude resurgence Exxon Mobil Corp. and Chevron Corp. easily swept aside analyst estimates as the battered giants of the U.S. oil industry shook off two-and-a-half years of low oil prices and reported surging profits in the first quarter. Eaton develops clamping enclosure design for oil, gas; industrial operations Power management company Eaton announced that it has developed the first clamping enclosure technology for hazardous areas to help oil and gas and other industrial customers enhance safety and improve productivity.