Wednesday, August 24, 2016 Saudi Arabia's powerful Deputy Crown Prince Mohammed bin Salman will discuss the kingdom's drive to cut its reliance on oil exports in visits to China and Japan that begin next week, Saudi media and sources say.
Wednesday, August 24, 2016 Exxon Mobil Corp.'s partner in a $15 billion liquefied natural gas export project in Papua New Guinea sees Asian buyers pushing back on the pricing and structure of LNG contracts as a glut of supply gives them greater bargaining power.
Thursday, August 25, 2016 Mexico's energy regulator says that 26 companies had qualified to participate in the country's deepwater oil tender in December, the jewel in the crown of a landmark energy sector opening.
Tuesday, August 23, 2016 Statoil signs an agreement with Jersey Oil and Gas plc and CIECO Exploration and Production (UK) Limited to acquire a 70% ownership and operatorship of the P.2170 license on the UKCS.
Thursday, August 25, 2016 The NPD grants Statoil permission to use the B platform on the Gullfaks field in the North Sea until January 1, 2036, which corresponds to the length of the production license.
Thursday, August 25, 2016 Beach Energy completes drilling of Callawonga-12 development well in South Australia's Cooper Basin, with the rig expected to drill 1 to 2 exploration wells in PRL 85-104 in October.
Wednesday, August 24, 2016 Malaysia's MISC Offshore Floating Terminals (MOFT) bags a $230 million contract to lease and operate a floating storage and offloading vessel for Chevron's Benchamas 2 Project in the Gulf of Thailand.
Tuesday, August 23, 2016 Thailand's largest oil and gas explorer, PTT Exploration and Production has cut its 2016 investment budget to $1.7 billion from $2 billion due to a cost reduction measure, an executive says.
Wednesday, August 24, 2016 Canada may ask oil companies to contribute to the hundreds of millions of dollars or more the country has to pay to an international body if they drill far offshore, according to an internal government memo.
Monday, August 22, 2016 Iraq wants to review contracts with oil companies to cut the fees that the firms receive when crude prices are low, the OPEC nation's new oil minister says, standing by a demand made by his predecessor.
Thursday, August 18, 2016 Indonesia's Acting Minister for Energy and Mineral Resources Luhut Panjaitan says the Abadi liquefied natural gas project in the offshore Masela block remains a priority project for the country.
Wednesday, August 17, 2016 OPEC is on course to strike an output-freeze deal with fellow oil producers in Algiers next month because its biggest members are already pumping flat-out, the group's former president says.
Tuesday, August 16, 2016 OPEC and non-OPEC countries are again flirting with the idea of a production freeze to accelerate oil-market rebalancing, according to recent statements by several oil ministers.