A long-awaited bill reforming Nigeria’s petroleum industry is effectively on hold until tensions ease in the restive Niger Delta region, the country’s oil hub, an influential senator says.
Source: Offshore
Nigeria's Oil Bill On Hold Due To Delta Unrest
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Woodside Petroleum inks agreements to acquire half of BHP Billiton’s Scarborough area assets in the Carnarvon Basin, off Western Australia for $400 million.
Source: Offshore
Woodside Buys 50% of BHP Billiton's Scarborough Assets Off WA for 0M
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KrisEnergy commences drilling of Bangora-6 development well in onshore Block 9 in the Bangora field, Bangladesh.
Source: Offshore
KrisEnergy Spuds Bangora-6 Development Well in Bangladesh's Block 9
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John Swinden takes over as CEO of Singapore’s financially troubled Swiber Holdings as the firm’s interim judicial managers (IJMs) are hopeful of completing ongoing projects.
Source: Offshore
Swiber Names John Swinden as CEO, Hopeful of Completing Ongoing Projects
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UK-based oilfield services company Hunting amends its credit facility after reporting a first-half loss due to low commodity prices.
Source: Offshore
Oilfield Services Firm Hunting Amends Credit Facility after H1 Loss
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Saudi Arabia and Russia agreed to work together to ensure oil market stability even as leaders from the world’s two biggest crude producers stopped short of offering detailed proposals.
Source: Offshore
Russia And Saudi Arabia Agree To Work For Oil-Market Stability
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Speculation that major producers could cooperate to tackle weak prices causes crude oil futures to rise sharply.
Source: Offshore
Oil Jumps amid Talk of Producer Action to Support Prices
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Overall production at the world’s seven largest oil and gas companies is set to rise by around nine percent between 2015 and 2018 in spite of lower crude prices and spending cuts.
Source: Offshore
Despite Cuts, Big Oil to Expand Production into the 2020s
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Shell extends MODEC’s contract for FPSO Fluminense, currently operating in the Bijupira and Salema oil fields in Brazil’s Campos Basin to December 2020.
Source: Offshore
Shell Extends MODEC's Contract for FPSO Fluminense to December 2020
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BP progresses development of the Shah Deniz 2 Project in the Caspian Sea offshore Azerbaijan, with the platform jacket to be installed soon.
Source: Offshore
BP Progresses Development of Shah Deniz 2 Project
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