Chevron won a victory in its long-running battle against Ecuadoreans and the zealous American lawyer who represented them.
Source: Offshore
Chevron Wins Ruling Blocking .6 Billion Order in Ecuador Fight
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China’s Cosco incurs a net loss of $27.3 million in the second quarter of 2016, while revenue falls 11 percent to $565.9 million, with the decline attributed to lower contributions from its shipyard and shipping operations.
Source: Offshore
Cosco Incurs M Net Loss in 2Q 2016, Revenues Fell 11% to 6M
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China Oilfield Services Ltd. (COSL) completes its first exploration operations in the Far East, opening a prospective market for the firm in the region.
Source: Offshore
COSL Completes its First Exploration Assignment in the Far East
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Real Energy concludes re-completion operations at Tamarama-1 well in permit ATP 972P in Queensland, Australia.
Source: Offshore
Real Energy Ends Re-Completion Ops at Tamarama-1 Well in Queensland
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The competitive landscape is trending toward more customized products and services, says Dallas-based consultancy.
Source: Offshore
A 'New World Order' Is Re-shaping Natural Gas Storage
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UK Prime Minister Theresa May seeks to overcome local opposition to fracking by insisting monies from the Shale Wealth Fund go directly to households in areas where the activity occurs.
Source: Offshore
UK PM: Households to Receive Share in Fracking Wealth
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Oil and gas companies operating in Mexico must prepare to meet new standards laid out in recent anti-corruption legislation.
Source: Offshore
Mexico Anti-Corruption Law to Impact Oil, Gas Hiring Practices
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State-owned Korea National Oil Corp. (KNOC) is in talks with the Kazakhstan government to pull out of an oil field project due to disappointing exploration results, a KNOC spokesman says.
Source: Offshore
S.Korea's KNOC In Talks With Kazakhstan To Drop Oil Field Project
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UIL Energy expects to complete the acquisition of Eneabba Gas’s Perth Basin permit interests in Western Australia soon.
Source: Offshore
UIL to Complete Acquisition of Eneabba's Perth Basin Permit Interests Soon
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Premier Oil makes an oil discovery at the North Sea Bagpuss well, which encounters 41 feet of hydrocarbon-bearing sands within a 68 foot hydrocarbon column.
Source: Offshore
Premier Hits Oil in Bagpuss Well
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