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Schlumberger's Latest Asset Deal Raises Fresh Concerns Ahead Of 3Q
Thursday, October 19, 2017 Schlumberger seals a deal to buy oil and gas assets worth $1 billion from Cenovus Energy.
Thailand's PTTEP Delays Canadian Oil Sands Project At Cost Of $550MM
Thursday, October 19, 2017 PTTEP says it was delaying plans investment for the Mariana Oil Sands in Canada.
BP Chairman Svanberg to Retire; Search Starts for Successor
Thursday, October 19, 2017 BP's Chairman Carl-Henric Svanberg to retire.
Kremlin Oil Major Piles Up Investments In Iraq's Kurdistan Amid Crisis
Wednesday, October 18, 2017 Rosneft has agreed to invest $400 million in five oil blocks in Iraqi Kurdistan, increasing Moscow's exposure to the semi-autonomous region.
Avenue Capital Urges Ocean Rig To Hire Advisers
Tuesday, October 17, 2017 Ocean Rig UDW's fifth-biggest investor Avenue Capital Group urged the offshore driller to hire advisers to review 'opportunities.'
Emerson Expands Technology Footprint, Acquires Paradigm
Tuesday, October 17, 2017 Emerson has agreed to acquire Paradigm, a leading provider of software solutions for the oil and gas industry.
Ineos Appoints New Shale Boss to Build a UK Natural Gas Boom
Monday, October 16, 2017 Ineos AG has taken another step toward creating a shale boom on its side of the Atlantic.
India's Reliance Industries 2Q Profit Up 7%, Lags Estimates
Friday, October 13, 2017 Reliance Industries posts a 7.3% rise in its 2Q standalone net profit.
Exec: Petronas' Canadian Unit To Look At Other LNG Opportunities
Wednesday, October 11, 2017 Progress Energy will look at other liquefied natural gas opportunities as a way to monetize its Canadian gas assets.
Buyers Eye Sinopec's Argentina Oil Assets in Sale Worth Up to $1B - Sources
Monday, October 09, 2017 Two sources said the Sinopec assets would be a tough sell.
India's Reliance Sells US Shale Asset for $126 Mln
Friday, October 06, 2017 Reliance bought the Marcellus asset in 2010 for $392 million.
U.S. Gulf Oil Producers Start Evacuating Staff Ahead of Tropical Storm Nate
Thursday, October 05, 2017 Oil and natural gas producers began evacuating staff at U.S. Gulf of Mexico platforms ahead of Tropical Storm Nate, the second storm in as many months to threaten Gulf Coast oil and refining facilities.
Shell Cancels Sale Of Thai Gas Field Stakes To Kuwait's KUFPEC
Wednesday, October 04, 2017 Shell says it has canceled a $900MM deal to sell its gas field stakes in Thailand to KUFPEC.
Adviser: Malaysia's Petronas Puts Some Canadian Assets Up For Sale
Wednesday, October 04, 2017 Petronas is looking to sell some oil and gas assets owned by its Canadian unit Progress Energy, its adviser BMO Capital Markets says.
Brazil Oil Regulator Clears Four More Companies In Presalt Rounds
Tuesday, October 03, 2017 ANP authorizes four more companies to bid in auctions for exploration and production rights in the presalt region off the Brazilian coast.
Jon Huntsman Drops Off Chevron's Board After Winning Moscow Post
Tuesday, October 03, 2017 Jon Huntsman quits Chevron's board.
Thailand Again Delays Auction Of Erawan, Bongkot Gas Fields
Monday, October 02, 2017 Thailand will delay the auctions of the concessions for the Erawan and Bongkot gas fields for at least another month.
Maersk Oil CEO To Step Down After Total Takeover
Wednesday, September 27, 2017 The chief executive of Maersk Oil will leave the company when Total's acquisition of the company has been completed.
Statoil Among Firms Seeking Stakes in Abu Dhabi Offshore Blocks
Monday, September 25, 2017 Statoil is among producers involved in discussions with ADNOC about joining offshore production in the emirate, according to a Norwegian diplomatic dispatch.
Harvey Strikes Employment: CB&I Lays Off Hundreds
Monday, September 25, 2017 Damages sustained by Hurricane Harvey have forced the closure of one of CB&I's facilities in Beaumont, Texas.
Papua New Guinea Government To Sell Stake In Oil Search
Thursday, September 21, 2017 The cash-strapped government of Papua New Guinea (PNG), looking to pay off nearly $1 billion in debt, is selling its stake in Oil Search.
Petrobras CEO Says Transfer Of Rights Talks Still Ongoing
Wednesday, September 20, 2017 It is unclear when talks will conclude with the government on a revaluation of stakes in offshore oil blocks known as 'Transfer of Rights' areas, a Petrobras executive says.
Russia's Sistema Appeals Against Court Decision To Pay Rosneft
Tuesday, September 19, 2017 Sistema says it had appealed against a court ruling that it should pay damages to Rosneft.
Premier Oil Seeks Buyer For Stake In North Sea Gas Field
Thursday, September 14, 2017 Premier Oil is seeking to sell half of its stake in the Babbage gas field in the North Sea, according to a document seen by Reuters.
Seadrill Files for Bankruptcy in Bid to Shrink Debt Burden
Wednesday, September 13, 2017 Seadrill files for bankruptcy protection after working out a deal with almost all its senior lenders to inject $1B of new money into the company.
Eni Inks Cooperation Deal With China's CNPC
Wednesday, September 13, 2017 Eni signed a cooperation agreement with CNPC in a move that could give the Italian oil major greater access to the Chinese market.
Glasenberg Emerges From Rosneft Flip With Oil Deal and Medal
Tuesday, September 12, 2017 Nine months after surprising the world with an $11 billion venture to buy a stake in Russia's state oil company, Glencore is selling most of it.
Baker Hughes: US Oil Drillers Cut Rigs As Recovery Stalls
Friday, September 08, 2017 US energy firms cut oil rigs for a third time in the past four weeks as a 14-month drilling recovery stalls with energy firms reducing spending plans in response to recent crude price declines.
JOGMEC Interested In Global Investments Including Rosneft
Thursday, September 07, 2017 JOGMEC is interested in investing in energy companies worldwide, including Russian state energy company Rosneft, JOGMEC President Keisuke Kuroki told reporters.
Oil Services Group Bourbon Sees Brighter Outlook After 1H Profit Slump
Thursday, September 07, 2017 Bourbon says that oil companies are restarting projects, which should help its business pick up after profits fell sharply in the first half.
Canadian Natural Buys Cenovus' Pelican Lake for $787 Million
Tuesday, September 05, 2017 Canadian Natural Resources agreed to buy Cenovus' Pelican Lake heavy-oil project and other assets in northern Alberta.
China Merchants Group Is Said to Explore Offshore Rig Deals
Friday, September 01, 2017 Deliberations reportedly are at an early stage.
Venezuela Probing 'Spectacular' Overpricing In Orinoco Oil Contracts
Thursday, August 31, 2017 Venezuela's new chief prosecutor is investigating 'spectacular' overpricing in a dozen contracts in the nation's Orinoco oil belt.
Offshore Start-Up Borr Drilling Aims To Expand Fleet, Keep Costs Low
Wednesday, August 30, 2017 The start-up, launched last year and backed by Schlumberger, said it aimed to have the lowest cash break-even costs in the industry.
Russia's Gazprom 2Q Net Income Drops 80% YOY, Misses Forecast
Tuesday, August 29, 2017 Gazprom says its second-quarter net income fell by more than 80% year-on-year.
Argentina's YPF CEO Resigns, 6-Member Exec Committee To Run Firm
Monday, August 28, 2017 YPF controls large swathes of the Vaca Muerta shale play in southwestern Argentina, one of the world's largest unconventional oil and gas fields.
Petrobras Sends Information On Northeast Brazil Fields To Potential Bidders
Monday, August 28, 2017 Petrobras has provided additional information on several fields in northeast Brazil to potential bidders, according to a Monday securities filing.
Petronas Raises Payout Commitment To Government As Profit Surges
Friday, August 25, 2017 Petronas raises its dividend payment commitment to the government after reporting that second-quarter profit quadrupled because of higher oil prices and improved margins.
Venezuela's Maduro Swaps Oil Minister And PDVSA President
Friday, August 25, 2017 Venezuelan President Nicolas Maduro names Oil Minister Nelson Martinez as the head of state oil company PDVSA.
Oil Slump No Obstacle to 300% Return for Norwegian Driller
Thursday, August 24, 2017 While other offshore rig operators are still struggling to survive the worst oil-market slump in a generation, one Norwegian company has managed to turn things around.
Atwood Oceanics Offshore Employees in Australia Agree to New EBA
Wednesday, August 23, 2017 Atwood Oceanic's offshore personnel in Australia will receive wages aligned with current market conditions, according to new agreement.
Russian Court Orders Sistema To Pay Rosneft $2.3B In Damages
Wednesday, August 23, 2017 Russian court ruled that conglomerate Sistema should pay more than $2.3 billion to Rosneft in a dispute over Bashneft.
North American Exodus At PetroChina Sparks Speculation Of Company Shift
Wednesday, August 23, 2017 A flurry of departures across the US and Canadian units of PetroChina have sparked speculation that the oil trader is reducing its presence in North America.
BHP To Quit US Shale Business As Annual Profit Surges
Tuesday, August 22, 2017 BHP Billiton reported a surge in underlying full-year profits and said it would exit its underperforming US shale oil and gas business.
Chevron's Watson Said to Plan to Step Down, Journal Reports
Tuesday, August 22, 2017 John Watson, who has led Chevron since 2010, is planning to step down as the oil major seeks a new CEO, the Wall Street Journal says.
Shengli Oilfield Cuts Internet For Some Offices After Cyber Attack
Monday, August 21, 2017 Sinopec's Shengli Oilfield says it will cut its Internet connection for some of its offices, the company says.
Baker Hughes: US Drillers Cut Oil Rigs For Second Week In Three
Friday, August 18, 2017 US energy firms cut oil rigs for a second week in three, data shows, with drillers cutting spending plans in reaction to declining crude prices.
Colombia's Ecopetrol Names New CEO, Echeverry Resigns
Thursday, August 17, 2017 Ecopetrol says its current vice-president, Felipe Bayon, will take over as chief executive.
Conoco To Start Dismantling Historical Norwegian Oil Platform
Thursday, August 17, 2017 ConocoPhillips has won permission to prepare for the removal of the first permanent oil platform built off Norway more than 40 years ago, the country's industry regulator says.
Transocean To Buy Norwegian Rig Firm Songa Offshore For $1.1B
Tuesday, August 15, 2017 Transocean has agreed to buy Norwegian competitor Songa Offshore for $1.1 billion.
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