Monday, September 26, 2016 Saudi Arabia, the world's biggest oil exporter, has offered to cut its output to January levels, Algeria's energy minister says as he prepares to host a meeting of OPEC producers later this week.
Friday, September 23, 2016 Japan plans to rush through a bill to provide more financial muscle for its companies to compete for global energy assets, just as other resource-hungry Asian economies such as China and India are also looking to snap up depressed oil assets.
Thursday, September 22, 2016 Papua New Guinea is backing a new greenfield liquefied natural gas facility led by France's Total SA in addition to an expansion of the existing $19 billion Exxon Mobil Corp. PNG LNG project.
Monday, September 26, 2016 Malaysian lenders are bracing for a hit to profits this year as they bump up provisions for sour loans to the local oil and gas services sector that has been battered by the slump in energy prices and cutbacks in projects.
Friday, September 16, 2016 Nigeria must get out of paying so-called cash calls to joint ventures with oil and gas companies to stand a chance of pulling its ailing economy out of recession, says its Finance Minister.
Friday, September 23, 2016 Tullow Oil plc states that hull and machinery insurance cover has been confirmed for the FPSO Kwame Nkrumah by its reinsurers, following the failure of the turret bearing earlier this year.
Thursday, September 22, 2016 Middle East-based rig maker Lamprell plc expects the challenging environment, which is impacting the industry through project delays and cancellations, to continue through 2017.
Friday, September 23, 2016 Indonesia's removal of taxes on oil and gas explorers is a good first step, but more is needed to lure investment from companies that have cut budgets and laid off staff after a precipitous plunge in prices, industry analysts say.
Monday, September 19, 2016 OPEC may convene an extraordinary meeting if the group's ministers reach a consensus on oil markets at an informal gathering next week in Algiers, Secretary General Mohammed Barkindo says.
Friday, September 16, 2016 New York Attorney General's probe into Exxon includes scrutiny of why it didn't write down the value of oil fields during a global collapse in prices that prompted billions in write-offs by rival drillers.
Friday, September 16, 2016 Japan's government has no plan to invest in state-run oil firm Saudi Aramco's planned initial public offering, an adviser to Japanese Prime Minister Shinzo Abe said on Friday.