SapuraKencana Petroleum’s profit after tax (PAT) rises 7.1 percent to $27.2 million in the second quarter of financial year 2017 (2Q FY17), but revenue falls 40.2 percent to $410 million.
Source: Offshore
Malaysia's SapuraKencana Posts 7.1% Gain in 2Q FY17 PAT to M
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It took the kingdom’s new oil minister, Khalid Al-Falih, just six months to blink, ending the country’s two-year policy of pump-at-will.
Source: Offshore
In U-Turn, Saudis Choose Higher Prices Over Free Oil Markets
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Scottish-based WFS Technologies appoints Independent Marine & Engineering Consultants (IMEC) as exclusive agents for Malaysia as the firm boosts its business presence in Southeast Asia.
Source: Offshore
WFS Appoints IMEC as Agent in Malaysia as it Expands in Southeast Asia
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DNV GL is collaborating with a number of oil and gas companies to develop an industry best practice for addressing the cybercrime threat.
Source: Offshore
Oil Industry Teams Up to Fight Cyber-Crime
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A strike involving Norwegian oil service workers could be expanded at any time, but no decision has yet been made on whether to escalate the dispute, trade union Industri Energi said on Thursday.
Source: Offshore
Norway Oil Service Strike Could Escalate at Short Notice
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Libya’s Arabian Gulf Oil Company (AGOCO) has increased production to 290,000 barrels per day, its chairman said, helping push national production up to between 450,000 and 490,000 bpd.
Source: Offshore
Libya AGOCO: ups Output to 290,000 bpd, Natl. Production Over 450,000 bpd
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Brazil’s largest oilworkers’ federation, FUP, said its members voted overwhelmingly to reject a contract offer from Petroleo Brasileiro SA, or Petrobras, and are preparing for a strike.
Source: Offshore
Brazil Oilworkers Reject Petrobras Offer, Prepare for Strike
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Karoon Gas Australia acquires Pacific Exploration and Production Corp.’s (PEPC) 35 percent stake in 4 exploration blocks in Brazil’s Santos Basin for up to $20.5 million.
Source: Offshore
Karoon Buys PEPC's 35% Stake in 4 Santos Basin Blocks in Brazil for .5M
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Canadian Prime Minister Justin Trudeau’s government has approved PETRONAS’s $27 billion Pacific NorthWest liquefied natural gas project on British Columbia’s Pacific coast.
Source: Offshore
Petronas Canadian Gas Project Approved By Trudeau Government
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Nigeria’s possible sale of some of its oil and gas assets to raise money and boost the contracting economy in Africa’s most populous country could reduce the government’s influence over its biggest industry.
Source: Offshore
Nigeria Mulling Oil Assets Sale That Could Reshape The Industry
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