The Middle East was a bright spot for global LNG demand in 2015 but imports have plummeted so much that it could take a decade to recover.
Source: Offshore
Middle East's LNG Market Faces Decade-Long Slump
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The Glengorm discovery is a major milestone towards adding another generation of productive life to the UK North Sea, according to Oil & Gas UK.
Source: Offshore
Glengorm Discovery Branded Major Milestone
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Oil held its biggest gain in more than a week as investors assessed the impact of U.S. sanctions against Venezuela while waiting for the outcome of trade talks between Washington and Beijing.
Source: Offshore
Oil Holds Biggest Gain in More Than a Week
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The Oklahoma City-based shale producer names Paul McKinney as new president and CEO.
Source: Offshore
SandRidge Energy Names New CEO
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CNOOC Limited has announced a new discovery on the Glengorm prospect, which is located in the UK central North Sea.
Source: Offshore
New Discovery in UK Central North Sea
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The Trump administration deals its toughest blow yet to the authoritarian Venezuelan leader Nicolas Maduro.
Source: Offshore
US Slaps De Facto Oil Ban on Venezuela
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Oil prices jumped higher after US Treasury Secretary Steven Mnuchin signaled a truce is possible in the trade war with China.
Source: Offshore
Oil Surges as US Signals Trade Thaw
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The two offshore drillers have amended their agreement to include increased acquisitions.
Source: Offshore
Ensco and Rowan Amend Merger Agreement
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Newly formed E&P company’s management team has acquired approximately $4 billion in assets in past three years.
Source: Offshore
Hatch and Ridgemont Seek Permian Assets
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The President of Venezuela, Nicolas Maduro, has branded U.S. sanctions ‘illegal, criminal and immoral’ in a statement posted on his official Twitter page.
Source: Offshore
Maduro Brands Sanctions Illegal
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