Oman Oil Company Exploration and Production has agreed to sell a 10% stake in Block 61, where the Khazzan field is located, to PC Oman Ventures, a wholly owned subsidiary of Petronas.
Source: Offshore
Petronas Buys into Khazzan Field
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Frac spread tracker talks frac pad trends.
Source: Offshore
Frac Spread Tracker Shows Growth Spurt
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BP receives approval from the UK’s Oil and Gas Authority to proceed with the Alligin development west of Shetland.
Source: Offshore
Green Light for North Sea Alligin Field
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Halliburton’s optimistic outlook for the U.S. oil and gas industry in 2019 was overshadowed by a worse-than-expected projection for the final three months of this year as activity slows throughout North America.
Source: Offshore
Halliburton's Optimism Clouded by Weak End to 2018
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For private equity, the game plan for cashing in on the U.S. shale boom is shifting from quick flips to long-term commitments, according to one veteran energy investor.
Source: Offshore
Private Equity Needs Long-Term Approach to Cash in on Shale
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The developer of a grassroots Permian Basin oil refinery has named its overall EPC contractor for the project.
Source: Offshore
Permian Refinery Project Gets EPC Contractor
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Saudi Arabia has no intention of using its oil wealth as a political tool in the controversy over the killing of journalist Jamal Khashoggi.
Source: Offshore
Saudi Arabia Has No Plans to Repeat 1973 Oil Crisis
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Russia is said to offer ExxonMobil new projects as U.S. sanctions loom.
Source: Offshore
Russia Is Said to Offer Exxon New Projects
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Freeport-McMoran has hired a Rowan jackup for a one-well contract in the US Gulf of Mexico.
Source: Offshore
Freeport-McMoRan Hires Rowan Jackup for GOM Work
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The OGA initiates a new area plan to maximize economic recovery from the Greater Buchan area of the North Sea, which it says is estimated to contain between 150 and 300 million barrels of oil equivalent.
Source: Offshore
OGA Starts New Plan for 300MM Barrel North Sea Area
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