Oil and Gas Development Co. commences gas production from Reti-2 development well in the Guddu Block in Central Indus Basin, Pakistan.
Source: Offshore
OGDCL Commences Gas Production from Reti-2 Well in Pakistan's Guddu Block
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The global oil market should be more balanced next year as China and the developing world increase oil consumption while the supply of shale oil grows more slowly.
Source: Offshore
OPEC Sees More Balanced Oil Market In 2016
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Petrobras’ $58 billion asset sale proposal is unprecedented for the oil industry, and for good reason. It may be impossible to pull off.
Source: Offshore
Petrobras In Uncharted Territory With Billion Sale: Real M&A
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Brazil’s main oilworkers federation says it plans a 24-hour strike on July 24 to protest budget cuts and asset sales at Petrobras as well as a move to end the company’s obligation to invest in major offshore oil resources.
Source: Offshore
Brazil Oilworkers Union Calls for 24-hour Strike on July 24
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Thailand’s PTT signs a franchise deal with US-based fast food chain Texas Chicken as it tries to boost revenue from non-oil businesses amid weak crude oil prices.
Source: Offshore
Thai Energy Firm PTT Expands into Fast Food to Boost Non-Oil Revenue
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Russian President Vladimir Putin calls for sanctions on Iran to be lifted as soon as possible after a deal is reached on Tehran’s nuclear programme.
Source: Offshore
Putin Calls For Lifting All Sanctions Against Iran
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EnerMech appoints Niall Conlon as director of its Australian operations, with the firm planning to hire more staff to meet business growth.
Source: Offshore
EnerMech Appoints Niall Conlon as Director of its Australian Operations
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North Atlantic Drilling is awarded a contract extension worth $62 million for its West Phoenix semisubmersible rig.
Source: Offshore
North Atlantic Drilling Secures Extension for West Phoenix Rig
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Wood Mackenzie discusses where oil prices could go after prices decline on the Greek crisis and China’s equity market troubles.
Source: Offshore
WoodMac: Barrel Forecast Hinges on Greece Exit, China Market Trouble
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Australia’s NuEnergy prepares for the drilling of TE-008C core well in Tanjung Enim Production Sharing Contract in South Sumatra, Indonesia.
Source: Offshore
NuEnergy Prepares to Drill Second Well in Tanjung Enim PSC in Sumatra
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