India expects a subsidy burden of between $788 million and $946 million for its state-run oil and gas producers this fiscal year.
Source: Offshore
India Oil Ministry Sees 2015/16 Upstream Subsidy at 50-60B Rupees
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Marathon Petroleum buys MarkWest Energy Partners for its natural gas processing facilities.
Source: Offshore
Marathon Petroleum's MLP to Acquire MarkWest Energy for .63B
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The global oil market should be more balanced next year as China and the developing world increase oil consumption while the supply of shale oil grows more slowly.
Source: Offshore
OPEC Sees More Balanced Oil Market In 2016
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Mexico’s government is set to hold the first in a series of petroleum auctions that will help open the energy industry, bringing in an estimated $62.5 billion by 2018.
Source: Offshore
Mexico's New Oil Era Is Here and Economic Legacy Is at Stake
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Argentina ends some financial incentives that were intended to boost energy investment in its huge shale oil and gas deposits even as it seeks to narrow an energy trade gap.
Source: Offshore
Argentina Ends Some Financial Incentives For Energy Firms
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Peru will delay bidding for the rights to develop the country’s largest oil block, which is located in the Amazon jungle, at the request of three companies involved in the process.
Source: Offshore
Peru Delays Bids For Country's Most Productive Oil Block
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A survey of oil and gas companies in Australia reveals hiring is not expected to increase in the next 12 months.
Source: Offshore
Survey: Hiring Increases Not Expected for Australia Oil, Gas Companies
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Oil production from US shale in August is expected to fall by the most since at least 2007, according to the EIA.
Source: Offshore
EIA: Oil Output From US Shale Plays Seen Down For Fourth Month
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Oil fell more than 1% after the US kept alive hopes of reaching a nuclear deal with Tehran that could bring hundreds of millions of additional barrels of crude into an oversupplied market.
Source: Offshore
Oil Dips As US Keeps Alive Hopes Of Iran Nuclear Deal
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Brazil’s main oilworkers federation says it plans a 24-hour strike on July 24 to protest budget cuts and asset sales at Petrobras as well as a move to end the company’s obligation to invest in major offshore oil resources.
Source: Offshore
Brazil Oilworkers Union Calls for 24-hour Strike on July 24
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