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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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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While the industry is still maneuvering its way out of the downturn, displaced workers and recent graduates are trying to find their way to a job in oil and gas.
Source: Offshore
BLOG: Workers Need Help Finding Jobs; Industry Organizations are Listening
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When commodity prices crashed in late 2014, oil executives could look at their mining counterparts with a sense of superiority.
Source: Offshore
Crude Slump Sees Oil Majors' Debt Burden Double to 8B
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Petro Matad’s affiliate reaches an agreement with Shell’s affiliate company in relation to an exit from the Mongolian Block IV and V Production Sharing Contracts.
Source: Offshore
Petro Matad, Shell Agree Block IV, V Exit Deal
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US drillers this week added oil rigs for a sixth consecutive week, according to a closely followed report.
Source: Offshore
US Oil Drillers Add Rigs For Sixth Week In A Row
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Indonesia’s Hexindo, operator of the Lemang Block in Sumatra, has been ordered by an arbitration tribunal to pay $13 million in damages to Super Power Enterprises Group.
Source: Offshore
Tribunal Orders Lemang PSC Operator Hexindo to Pay M in Damages to SPE
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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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