Industry group UK Oil and Gas has slashed its estimate of Britain’s existing oil and gas reserves by a third, saying weak oil prices have made it less likely that some resources will ever be retrieved.
Source: Offshore
UK Industry Group Slashes Oil Estimate As Price Drop Hits Investment
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Trelleborg appoints Unique Group as agent in India for its offshore solutions offerings.
Source: Offshore
Trelleborg Appoints Unique Group as its Agent in India
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Neptune Marine Services bags inspection support services contract from Quadrant Energy for work offshore Australia.
Source: Offshore
Neptune Marine Services Bags Quadrant's Contract for Work Off Australia
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Russian Baltic Sea port of Primorsk was closed on Tuesday due to thick fog, Russian oil pipeline operator Transneft said.
Source: Offshore
Russia's Transneft Says Primorsk Port Closed Due To Fog
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Ineos ships in Britain’s first shale gas from the United States, sparking debate on the country’s manufacturing future and Scotland’s opposition to shale gas fracking.
Source: Offshore
Britain's First US Shale Gas Delivery Arrives In Scotland
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Siemens agrees with labour representatives to cut 1,700 jobs in Germany, fewer than originally planned, as part of a restructuring process.
Source: Offshore
Siemens Trims Job Cut Plans For Unit In Germany
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Saudi Arabia, the world’s biggest oil exporter, has offered to cut its output to January levels, Algeria’s energy minister says as he prepares to host a meeting of OPEC producers later this week.
Source: Offshore
Saudis Willing To Act On 'Critical' Oil Market, Algeria Says
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Aminex inks deal for rig to drill the onshore Ntorya-2 appraisal well in Tanzania’s Ruvuma Basin in the last quarter of 2016.
Source: Offshore
Aminex Secures Rig to Drill Ntorya-2 Well in Tanzania's Ruvuma Basin
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Malaysia’s TH Heavy Engineering and McDermott end their three-year partnership for offshore oil and gas projects in the country.
Source: Offshore
TH Heavy Engineering, McDermott End Partnership in Malaysia
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Baron Oil enters into a joint venture with Singapore-based exploration and production company SundaGas to look into upstream opportunities in Southeast Asia.
Source: Offshore
Baron Oil, SundaGas Form JV to Explore E&P Opportunities in Southeast Asia
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