Indonesia’s removal of taxes on oil and gas explorers is a good first step, but more is needed to lure investment from companies that have cut budgets and laid off staff after a precipitous plunge in prices, industry analysts say.
Source: Offshore
Oil Industry Welcomes Indonesia's Tax Reform, But Says It's Not Enough
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Lawmakers in Nigeria’s lower house of parliament are to investigate whether $17 billion of petroleum and fuel exports were stolen by companies and government agencies.
Source: Offshore
Nigeria Lawmakers To Investigate B Oil Theft Claim
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Japan plans to rush through a bill to provide more financial muscle for its companies to compete for global energy assets, just as other resource-hungry Asian economies such as China and India are also looking to snap up depressed oil assets.
Source: Offshore
As Rivals Circle, Japan Boosting Firepower To Buy Global Energy Assets
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Statoil has vowed to improve helicopter safety following the release of an investigation into a fatal helicopter crash which occurred on the NCS earlier this year.
Source: Offshore
Statoil To Improve Helicopter Safety Following Fatal Crash
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Oil prices tumble following signs that Saudi Arabia and Iran continue to disagree over output limits ahead of a meeting next week aimed at freezing production.
Source: Offshore
Oil Sinks As OPEC Deal Seen Unlikely; Stocks Dip
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McDermott International official says Altamira facility workers a “revelation” and part of facility’s success.
Source: Offshore
BLOG: McDermott Workforce Factor in Altamira Facility's Bright Outlook
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OPEC members Saudi Arabia and Iran, whose rivalry derailed an oil supply accord earlier this year, met in Vienna a week before the organization holds talks in Algeria.
Source: Offshore
Saudis Said To Meet With Iran For Oil Talks Before Algiers
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CNOOC commences oil production at the Enping 19-1 field in the Pearl River Mouth Basin of the South China Sea.
Source: Offshore
First Oil Flows from CNOOC's Enping 18-1 Field in Pearl River Mouth Basin
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Papua New Guinea is backing a new greenfield liquefied natural gas facility led by France’s Total SA in addition to an expansion of the existing $19 billion Exxon Mobil Corp. PNG LNG project.
Source: Offshore
PNG Government Prefers Exxon, Total Pursue 2nd LNG Project
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Russian gas giant Gazprom plans to double gas production at Bolivia’s Incahuasi field to 13 million cubic metres per day by mid-2019.
Source: Offshore
Russia's Gazprom Says Output at Bolivian Field to Double by Mid-2019
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