OPEC sees the oil market improving because of higher demand for the group’s crude and a drop in supply growth from non-members, its secretary-general says.
Source: Offshore
OPEC Sec-Gen Sees Oil Market Improving, Low Price Will Not Persist
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DOF Subsea Group says it has taken delivery of the Skandi Africa deepwater subsea construction vessel and has contracted it out to Technip for five years.
Source: Offshore
Skandi Africa Vessel Delivered and Working for Technip
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Ramba Energy sells 35 percent stake in Lemang Production Sharing Contract in Sumatra, Indonesia to KKR-backed Mandala Energy for up to $179.6 million.
Source: Offshore
Ramba Sells 35% Stake in Lemang PSC in Sumatra to Mandala for Up to 9.6M
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Perisai Offshore reaches agreement with PETRONAS Carigali and Hess to farm-out the contract for the Perisai Pacific 101 jackup to the latter for $26.9 million.
Source: Offshore
Perisai Farms-Out Contract for Perisai Pacific 101 Jackup to Hess
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Singapore’s NauticAWT inks deal to acquire local oil and gas facilities and project engineering services provider Marine Engineering Services for $593,215.
Source: Offshore
Singapore's NauticAWT to Acquire MESPL as Firm Expands Core Business
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The United Arab Emirates, the fourth-biggest OPEC producer, is sticking with investment projects to boost energy output even after the plunge in oil prices in the past year.
Source: Offshore
UAE Won't Let Falling Oil Prices Disrupt Energy Investments
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Woodside’s chief executive says the company does not want to raise its $8.2 billion offer for Oil Search because it would hurt his shareholders, the Australian Financial Review reports.
Source: Offshore
AFR: Woodside CEO Says Doesn't Want to Raise Bid for Oil Search
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The Energy Industries Council (EIC) appoints Chris Haynes as its new president.
Source: Offshore
EIC Appoints New President
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As Canada’s oil patch grapples with a price shock, pipeline delays and rising tax rates, the federal election could add another barrier to recovery by reining in a key incentive for development of new wells.
Source: Offshore
Oil Patch Braces for Exploration Chill After Canada's Election
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Shell Nigerian Exploration and Production Company starts production at the Bonga Phase 3 project offshore Nigeria.
Source: Offshore
Shell Starts Production at Bonga Phase 3 Offshore Nigeria
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