Petro Matad gives an update on its exploration program in Mongolia’s Blocks IV and V, with firm likely to issue a drilling tender before end of 2016.
Source: Offshore
Petro Matad Updates on Blocks IV, V Exploration Program in Mongolia
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Lamprell delivers jackup ENSCO 140 after a delay for which the firm has to pay compensation to Ensco.
Source: Offshore
Lamprell to Compensate Ensco for Delay in Delivery of ENSCO 140
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Malaysia’s Bumi Armada posts a revenue of $99.7 million in the second quarter of 2016, down 12.2 percent from a year ago, as contributions from its floating production storage and offloading (FPSO) and floating gas solutions (FGS) units declined.
Source: Offshore
Bumi Armada's 2Q Revenue Falls 12.2% to .7M as FPSO, FGS Incomes Dip
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Mexico’s Finance Ministry says it wrapped up what traders consider the world’s biggest sovereign derivatives trade.
Source: Offshore
Mexico Says 2017 Oil Hedge Guarantees Per Barrel
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Operators seeking to cut costs defer or cancel $50 billion in oil and gas project investment on the Norwegian Continental Shelf, Wood Mackenzie finds.
Source: Offshore
NCS Investment Shrinks on Project Delays, Cancellations
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Reach Energy secures Securities Commission Malaysia’s (SCM) approval for its acquisition of a stake in Palaeontol B.V., which owns an onshore oil and gas block in Kazakhstan.
Source: Offshore
Reach Energy Secures SCM's Approval to Buy Stake in Kazakh O&G Firm
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Multibillion-dollar oil and gas deals are back on the table.
Source: Offshore
Oil M&A Is Back As Industry Focus Shifts From Survival To Growth
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Singapore’s Pavilion Energy and Indonesia’s Pertamina ink a memorandum of understanding to develop small scale liquefied natural gas (LNG) solutions in the region.
Source: Offshore
Pavilion Energy, Pertamina Ink MOU to Develop Small Scale LNG Solutions
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Barakah Offshore’s unit PBJV bags contract to provide underwater services for PETRONAS Carigali’s oil and gas fields offshore East Malaysia.
Source: Offshore
PBJV Bags Contract from PETRONAS Carigali for Work Off East Malaysia
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South Korea’s Daewoo Shipbuilding & Marine Engineering delivers an ultra deepwater drillship, possibly Deepwater Conqueror, to Transocean.
Source: Offshore
DSME Delivers Newbuild Ultra Deepwater Drillship to Transocean
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