Russia has the potential to further increase oil output in the future by up to 200 million tons a year, or 4 million barrels per day, Rosneft’s chief executive Igor Sechin says.
Source: Offshore
Rosneft's Sechin Says Russia Has Potential To Raise Oil Output
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Former PDVSA President Rafael Ramirez denied as “irresponsible lies” a Venezuelan congressional investigation accusing the state oil company of corruption to the tune of $11 billion during his decade-long tenure.
Source: Offshore
Ex-Venezuela PDVSA Boss Denies B Corruption Allegations
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Oil prices settles down more than 2%, as a resurgent dollar encouraged players to take profit on the previous day’s rally.
Source: Offshore
Oil Down 2%, Strong Dollar Knocks US Crude Off 15-Month Highs
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Singaporean conglomerate Keppel Corp posted a 38% fall in third-quarter profit, hurt by weak orders for its rigs due to a slump in oil prices.
Source: Offshore
Singapore's Keppel Q3 Profit Falls 38% On Weak Rig Orders
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The environment for getting deals done in oil and gas is better now than it was a year ago says Woodside Petroleum’s Chief Financial Officer Lawrie Tremaine.
Source: Offshore
Woodside: Oil, Gas Deal Environment Has Improved Over Past Year
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With renewed apparent stability in commodity prices and investor appetite gaining strength, energy companies are looking toward the stock market for investment funds.
Source: Offshore
Energy IPO Pace Picks Up
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Oilfield services firm Subsea 7 S.A. secures a “substantial” services contract offshore Egypt, worth between $150-300 million, from Pharaonic Petroleum Company.
Source: Offshore
Subsea 7 Secures Services Contract Offshore Egypt
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MX Oil announces that PR Oil and Gas Limited, the holder of its investment in OML 113, has received $1.2 million from the sale of the first production of oil from the Nigerian Aje Field.
Source: Offshore
MX Oil: First Sale From Oil Production at Aje Registered
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Halliburton posts a surprise quarterly profit, helped by higher cost cuts, and says it expected a rise in oil prices to boost rig counts.
Source: Offshore
Halliburton Posts Surprise Profit As Expenses Fall
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Steady oil and gas prices may spur operators into completing wells left idle during the downturn.
Source: Offshore
DUCs Could Boost US Production by 250K Barrels Per Day
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