Pertamina has signed deals to take over rights to eight expiring oil field blocks previously held by firms including Chevron, CNOOC and Inpex, Indonesian energy ministry officials said.
Source: Offshore
Indonesia Compensates Pertamina with Oil Block Handover
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Drilling Systems, a simulator developer, joins forces with industrial training provider AIS to create a new technology-focused training organization for the global energy industry.
Source: Offshore
Drilling Systems, AIS Launch New Tech-Focused Training Company
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Latin American buying has helped drive strong export flows and bolster refinery margins.
Source: Offshore
East Coast Booms on Export Demand for Diesel, Heating Oil
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The Association of German Chambers of Commerce and Industry (DIHK) has officially opened an office in Dar es Salaam under the name of ‘AHK Services Eastern Africa Ltd,” to promote and facilitate business relations between Germany and Tanzania
Source: African Review
Germany opens new office in Tanzanian to boost trade ties
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Oil and gas analysts at BMI Research do not expect Bahrain’s recent discovery of a large oil and gas field to yield a ‘significant economic windfall’ for the country.
Source: Offshore
Analysts: New Find Won't Yield 'Significant Economic Windfall' for Bahrain
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Aibel secures a contract from Statoil for the refurbishment and lifetime extension of the Njord Bravo Floating Storage Unit.
Source: Offshore
Aibel Secures Statoil Njord Bravo FSU Contract
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Plastic packaging makers may be less credit-worthy in the future as governments try to curb marine litter, Moody’s Corp. said in a report.
Source: Offshore
Plastic Makers' Credit Ratings May Be Hit by Pollution Rules
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A report by Deloitte identifies how E&Ps can build a portfolio to fit the future of their business.
Source: Offshore
BLOG: Upstream Companies, Is Your Portfolio in Shambles?
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Rapid increases in U.S. oil output and exports over the past two years are forcing some traders and producers to try alternative ways of pricing crude.
Source: Offshore
Oil Traders Try Crude-Pricing Alternatives as US Output Soars
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Weir Group Plc, which makes pumps and valves for mining and energy industries, says it will buy ESCO Corp, a U.S.-based maker of equipment parts, for an equity value of $1.05 billion.
Source: Offshore
UK's Weir To Buy U.S. Mining Tools Maker ESCO For .05B
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