Pemex will post a primary surplus next year even as crude production continues to decline, the firm says.
Source: Offshore
Pemex Expects To Post Primary Surplus In 2017 Despite Production Drop
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Maersk Oil remains optimistic it will secure a tax deal by the end of the year allowing it to continue production at the Tyra gas field in the Danish part of the North Sea.
Source: Offshore
Maersk Oil CEO Optimistic On Tax Deal For Tyra Gas Field
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Independent private equity firm Energy Ventures earmarks $200 million to help boost North Sea oil and gas companies during challenging times for the industry.
Source: Offshore
Energy Ventures Earmarks 0M to Boost North Sea Industry
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International oil companies will probably cut investment spending about $370 billion this year and next, according to Wood MacKenzie.
Source: Offshore
More Oil Spending Cuts Coming as UAE Warns About Supplies
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Repsol reports a higher-than-expected 3Q profit and raises its 2016 cost-savings target by 300 million euros to 1.4 billion euros ($1.56 billion).
Source: Offshore
Repsol Raises Cost-Savings Target, Cuts Investments
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Oil company start-up Wellesley Petroleum is aiming to secure a portfolio of around 30 to 40 licenses in oil and gas fields off Norway, it said on Wednesday.
Source: Offshore
Oil Start-Up Wellesley Petroleum Eyes 30-40 Licenses Off Norway
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Douglas-Westwood anticipates onshore oilfield services spending to rise through 2020 as oil prices and onshore drilling activity recover.
Source: Offshore
Douglas-Westwood Forecasts Renaissance in Onshore OFS Spending
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Russian President Vladimir Putin has offered Lukoil the chance to take part in the privatization of top oil producer Rosneft, Vedomosti reports, citing unnamed sources.
Source: Offshore
Vedomosti: Putin Invites Lukoil To Bid For Rosneft Stake
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Oil prices fall after the Energy Information Agency (EIA) releases its Weekly Petroleum Status Report.
Source: Offshore
Oil Prices Drop off Extremely Bearish EIA Data
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Pioneer Natural Resources CEO Scott Sheffield has little hope that OPEC members will agree later this month to curb production, a step that would boost low oil prices.
Source: Offshore
Pioneer Natural Resources CEO Doubts OPEC Will Reach Output Deal
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