Oil output from BP-led oilfields in Azerbaijan rose in the first 3 quarters of 2016 to 644,000 barrels per day.
Source: Offshore
BP Says Jan-Sept Oil Output At Azeri Projects Up To 644,000 Bpd
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PTT Exploration and Production cuts its 2016 capital expenditure budget to $1.4 billion from $1.7 billion, citing cost cuts and the postponement of high-risk projects.
Source: Offshore
Thai PTTEP Cuts 2016 Capex To .4B, Looks For M&A
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About 28 percent of respondents reveal that they are actively looking for a new oil and gas job despite being in employment.
Source: Offshore
Survey: Oil, Gas Pros Seek New Jobs despite Being Employed
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Up to 50% of oil majors’ production could be hit with carbon costs over the next decade, if the countries and regions that currently price carbon extend their policies to the extractives sectors.
Source: Offshore
WoodMac: 50% of Oil Majors' Production could be Hit with Carbon Costs
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The Obama administration’s decision to forgo auctions of drilling rights in US Arctic waters deals a blow to energy companies seeking to lock up new territory beyond the long-explored Gulf of Mexico.
Source: Offshore
Obama's Offshore-Oil Plan Forces Drillers to Focus on US Gulf
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Oil prices settle higher, closing out a strong week that saw crude buoyed by growing expectations that OPEC will find a way to cap production.
Source: Offshore
Oil Gains 5% On The Week On OPEC Hopes
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Energy Transfer Partners LP CEO Kelcy Warren said the company will not consider rerouting its Dakota Access oil pipeline despite concerns voiced by US native groups, according to an AP interview.
Source: Offshore
AP: Developer Says Dakota Access Pipeline Will Not Be Rerouted
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Africa is expected to reach 1bn mobile subscriptions in the fourth quarter of 2016 and 1.02bn by year-end, according to research from Ovum The advisory firm predicts that the total number of mobile subscriptions on the continent total 1.33bn at the end of 2021. According to the firm, the average rate of mobile penetration in…
DetailsAustria’s OMV is confident it can reach a basic agreement on a planned asset swap with Russia’s Gazprom before year-end.
Source: Offshore
OMV CEO Hopes For Asset Swap Deal With Gazprom Before Year-End
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The UK government has stated that it is well placed to help the East African oil and gas industry, which it described as holding huge opportunities.
Source: Offshore
UK Says East Africa Holds Huge Opportunities, Govt Well Placed to Help
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