Japan’s probe into whether the resale restrictions in most of its LNG contracts violate fair trade laws may lead to the renegotiation of more than $600 billion worth of deals.
Source: Offshore
More Than 0 Billion Is at Stake as Japan Probes LNG Deals
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Indonesia plans to start installing tanks for its strategic petroleum reserves (SPR) and filling them this year with the goal of covering 30 days worth of emergency stocks eventually, the energy minister says.
Source: Offshore
Indonesia Plans To Start Building Strategic Oil Reserves This Year
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US crude supplies remain at the highest seasonal level in at least a decade, but drillers are still rewarding their top brass when they add to the glut.
Source: Offshore
Oil CEOs Still Paid for Growth Despite Crude Glut, Moody's Says
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Malaysia’s Reach Energy receives approval from the authorities to acquire a 60 percent stake in Palaeontal B.V., giving it ownership of an onshore block in Mangistau Oblast in Kazakhstan.
Source: Offshore
Malaysia's Reach Energy Moves Nearer to its First Upstream Asset Purchase
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Australia’s Santos is searching for a new chief financial officer to succeed Andrew Seaton ahead of the latter’s retirement at the end of this year.
Source: Offshore
Australia's Santos Commences Search for New CFO to Succeed Andrew Seaton
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Sonardyne International wins contract from Magseis to supply acoustics for Saudi Aramco’s S78 Project in the Red Sea.
Source: Offshore
Sonardyne Wins Magseis' Deal to Supply Acoustics for Saudi Aramco Project
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Hyundai Heavy Industries union members launch a partial strike after wage negotiations broke down with the South Korean shipyard.
Source: Offshore
South Korea's HHI Union Launches Partial Strike After Wage Talks Broke Down
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BHP Billiton cuts oil and gas capital expenditure (CAPEX) by 44 percent in financial year 2017 to $1.4 billion, compared to $2.5 billion in the previous year.
Source: Offshore
BHP Billiton Cuts Petroleum CAPEX by 44% in FY2017 to .4B
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Sweden’s Lundin Petroleum says profitability during the second quarter will be adversely affected by a net foreign exchange loss of $64 million and financing fees of $22 million.
Source: Offshore
Lundin's Profitability Affected by FX Loss, Financing Fees
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The world’s number two oilfield services firm, Halliburton, posts a quarterly loss due to the $3.5-billion fee it paid for terminating a deal to buy rival Baker Hughes.
Source: Offshore
Halliburton Posts Loss Hurt by Baker Hughes Deal Termination Fee
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