China National Petroleum Company plans to cut staff at its Beijing headquarters by 20%, the company said in a post on its social media blog on Tuesday.
Source: Offshore
CNPC Plans To Cut HQ Staff By 20% In Efficiency Drive
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Global oil and gas exploration spending to increase by 2% next year – the first increase since 2014 – with North American growth tempering international declines.
Source: Offshore
Evercore: North America to Lead Upstream Oil, Gas Spending in 2017
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ExxonMobil and InterOil Corporation have agreed to extend the outside date of the current Arrangement Agreement, in relation to their merger, to the close of business on Wednesday, December 21.
Source: Offshore
Exxon, InterOil Extend Merger Deadlines
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Petrofac has secured a contract worth $75 million from South Oil Company (SOC) for its Iraq Crude Oil Export Expansion Project (ICOEEP).
Source: Offshore
Petrofac Secures SOC Services Contract in Iraq
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The KRG’s fight against ISIS has been hampered by the low oil price environment.
Source: Offshore
BLOG: Low Oil Prices Strain Kurdistan Government's Fight Against IS
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Gazprom and OMV agreed on a basic deal on Wednesday for a swap of a 38.5% stake in OMV’s Norwegian unit for a 25% stake in a part of Gazprom’s Urengoy gas field.
Source: Offshore
Gazprom, OMV Reach Basic Deal On Swap Of Norway, Siberia Assets
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ExxonMobil names Darren Woods, the heir apparent who built the company’s refineries into profit centers, to succeed Rex Tillerson.
Source: Offshore
ExxonMobil Names Darren Woods as CEO to Replace Rex Tillerson
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Oil prices rose then quickly fell following the release of the EIA’s Weekly Petroleum Status Report.
Source: Offshore
Oil Falls on Growing Glut Fears, Stronger Dollar
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The Congo Ministry of Mines and the African Minerals Development Centre (AMDC) hosted a workshop, 8 – 10 December 2016, which provided technical assistance to mining sector stakeholders in negotiating, implementing and monitoring mining contracts more effectively and efficiently
Source: African Review
Congo hosts workshop for negotiating mining contracts
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Oilex Ltd announced Tuesday that it has submitted a conditional offer for an additional 55% interest in India’s Cambay production sharing contract.
Source: Offshore
Oilex Looks to up Cambay Stake to 100%
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