MEO Australia, Brooke Dockyard to Cooperate on E&P Projects in Malaysia
MEO Australia and Brooke Dockyard form a consortium to cooperate in oil and gas exploration and development in Malaysia, including Sarawak.
Source: Offshore
China's Anti-Graft Investigator Keeps Oil Giants in Its Sights
China’s anti-corruption investigators continued to zero in on the nation’s oil giants, calling on two of its biggest state-owned companies to review their overseas investments and accusing them of nepotism.
Source: Offshore
Bahamas Petroleum Corporation: Governor-General Signs License Renewal
Bahamas Petroleum Corporation says the Caribbean island’s Governor-General has signed a license renewal addendum for the firm’s four southern licenses.
Source: Offshore
Brent Edges Up, US Crude Off Low As Fed Weakens Dollar
Brent crude edges up and US crude eases in volatile trading as both contracts trim losses after the Federal Reserve left the outlook for interest rate increases uncertain.
Source: Offshore
WGK Clinches KPOC Pipeline Contract for Kamansu East Field Off Sabah
Wood Group Kenny clinches pipeline contract from Kebabangan Petroleum Operating Company for the Kamansu East field offshore Sabah, Malaysia.
Source: Offshore
ASCO Secures North Sea Services Contract with Marathon Oil
ASCO secures a services contract for work in the North Sea with Marathon Oil UK, which is worth more than $75 million.
Source: Offshore
Minister: Papua New Guinea to Reallocate Around 20 Energy Licenses
Papua New Guinea could reallocate as many as 20 of its energy licenses, many of them in the upstream business with major players standing ready to snap them up, the country’s minister of petroleum and energy says.
Source: Offshore
OPEC Revenue Slumps Below $1 Trillion First Time Since 2010
OPEC nations’ revenue plunged below $1T last year for the first time since 2010, highlighting how slumping crude prices hurt countries reliant on oil sales to fund their economies.
Source: Offshore
Democratic Republic of Congo’s National Assembly Passes Oil Code
The Democratic Republic of Congo’s National Assembly voted for a new oil code amid a flurry of legislation passed on the last day of its spring session on Monday, says Aubin Minaku, the assembly president.
Source: Offshore
Sechin Says Only That Rosneft On Schedule In Kara Sea
Rosneft is working on schedule in the Arctic Kara Sea, where it drilled the first well last year, CEO Igor Sechin says.
Source: Offshore
