Maersk Oil remains optimistic it will secure a tax deal by the end of the year allowing it to continue production at the Tyra gas field in the Danish part of the North Sea.
Source: Offshore
Maersk Oil CEO Optimistic On Tax Deal For Tyra Gas Field
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Independent private equity firm Energy Ventures earmarks $200 million to help boost North Sea oil and gas companies during challenging times for the industry.
Source: Offshore
Energy Ventures Earmarks 0M to Boost North Sea Industry
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International oil companies will probably cut investment spending about $370 billion this year and next, according to Wood MacKenzie.
Source: Offshore
More Oil Spending Cuts Coming as UAE Warns About Supplies
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Repsol reports a higher-than-expected 3Q profit and raises its 2016 cost-savings target by 300 million euros to 1.4 billion euros ($1.56 billion).
Source: Offshore
Repsol Raises Cost-Savings Target, Cuts Investments
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Apache reports a smaller-than-expected quarterly loss as the company’s cost-cutting measures helped offset weak oil prices.
Source: Offshore
Oil Producer Apache Posts Smaller-Than-Expected Loss
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Rigbuilder Keppel Corp says it will subscribe to a bond offer by KrisEnergy Ltd, potentially increasing its majority holding and throwing a lifeline to the debt-laden oil and gas explorer.
Source: Offshore
Singapore's Keppel To Buy New Bonds Of Struggling KrisEnergy
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Oil prices settled down more than 1% as investors reeled from a record weekly surge in US crude inventories.
Source: Offshore
Oil Ends Down On US Inventory Surge, Doubts On OPEC Resolve
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Iraq’s Kurds say their oil production in September was 290,000 barrels a day lower than the federal government’s figures for the semi-autonomous region.
Source: Offshore
Kurds Reveal Oil Data as Iraq Output Row Threatens OPEC Deal
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Pemex will post a primary surplus next year even as crude production continues to decline, the firm says.
Source: Offshore
Pemex Expects To Post Primary Surplus In 2017 Despite Production Drop
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Gaz du Cameroun S.A. announced Wednesday the spudding of development wells La-107 and La-108 in the Logbaba Gas Field located in Douala, Cameroon.
Source: Offshore
Gaz Du Cameroun: Logbaba Gas Field Wells Spudded
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