Norwegian oil firm Statoil and its partners are studying the possibilities of expanding gas production at Norway’s biggest field, Troll, after 2020.
Source: Offshore
Statoil, Partners Study Troll Post-2020 Output Expansion
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Sound Energy has exercised its option to acquire a 55 percent participating interest in the Meridja exploration permit, onshore Morocco, from Oil & Gas Investment Fund S.A.S.
Source: Offshore
Sound Acquires 55% Interest in Meridja Permit, Onshore Morocco
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The Philippines’ Department of Energy grants a 2 year moratorium on the work program for Service Contract 55 in the Palawan Basin off the Philippines.
Source: Offshore
Philippines DOE Grants Moratorium on Palawan Basin's SC55 Work Program
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Singapore’s NauticAWT signs agreement with HARPS Holdings, raising $1.93 million through issue of new company shares to the latter.
Source: Offshore
Singapore's NauticAWT to Raise .9M Through Share Issue to HARPS
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Oil and Natural Gas Corp., with support from Aqualis, sets a new pre-monsoon rig move record offshore India, moving 33 mobile offshore drilling units from mid-March to May.
Source: Offshore
ONGC Sets New Pre-Monsoon Rig Move Offshore India
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The new chief executive of Brazil’s state-run oil company Petrobras, at the center of a huge corruption scandal, says that the investigation would continue relentlessly with the full support of the board.
Source: Offshore
Petrobras CEO Vows Corruption Investigation Will Go On
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Crude prices around $50 a barrel are enough for Venezuela’s state oil producer to avoid a default on its debt, company president and national oil minister Eulogio Del Pino says in an interview.
Source: Offshore
Venezuela Says Oil At Enough To Avoid PDVSA Default
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Norway’s total oil and gas production declines month-on-month, according to preliminary figures from the Norwegian Petroleum Directorate (NPD).
Source: Offshore
Norwegian Production Figures Decline M-O-M
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Dresser-Rand’s EVP shares how she has been able to lead through an ever-changing market.
Source: Offshore
Leading through Change: Judy Marks Shares Her Experiences
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A consortium of Indian oil companies will pay just over $2 billion for a 23.9 percent stake in Russian oil producer Rosneft’s Vankor oil field, Interfax news agency cited sources as saying.
Source: Offshore
Interfax: Indian Consortium to Pay .1B for Stake in Rosneft's Vankor
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