Primeline Energy and Loyz Energy extend deadline to reach agreement for a merger between the two companies.
Source: Offshore
Primeline, Loyz Extend Deadline to Reach Agreement on Merger
{$excerpt:n}
Fire swept through an oil workers’ residential compound in Saudi Arabia on Sunday, killing 10 people, the Civil Defence agency says.
Source: Offshore
Fire at Saudi Oil Workers' Compound Kills 10, Many Injured
{$excerpt:n}
Eni makes a massive gas discovery at Zohr 1X NFX well in the Shorouk Block, offshore Egypt.
Source: Offshore
Eni Makes Massive Gas Discovery at Shorouk Block, Offshore Egypt
{$excerpt:n}
Thailand’s PTTEP sells 20 percent interest in two onshore blocks in Myanmar to Japan’s MOECO and Thai-based Palang Sophon Offshore.
Source: Offshore
PTTEP Sells 20% Stakes in 2 Blocks in Myanmar to MOECO, Palang Sophon
{$excerpt:n}
Global stocks poise for the worst month in more than three years on fresh concern China’s efforts to prop up its markets will fail.
Source: Offshore
Global Stocks Head for Worst Month Since 2012 on China Woes
{$excerpt:n}
US crude rose 6%, notching its first weekly gain in two months, after a rally in gasoline.
Source: Offshore
US Crude Jumps 6% In Second Day Of Short-Covering Frenzy
{$excerpt:n}
Following stock market chaos in August that brought oil prices down to 6-year lows, oil traders focus again on the persistent global oil oversupply situation.
Source: Offshore
Rattled by Pure Sentiment in August, Markets Return Focus to Fundamentals
{$excerpt:n}
Lukoil’s net income of $1.01 billion in the second quarter of 2015 marked a decrease of over 50% compared to the $2.40 billion figure recorded in 2Q 2014.
Source: Offshore
Lukoil's 2Q Profit Falls
{$excerpt:n}
Traders willing to bet the biggest oil- services deal can survive regulatory scrutiny stand to rake in more than $3 billion in profit.
Source: Offshore
Halliburton Believers Stand to Win Big Betting on Deal: Real M&A
{$excerpt:n}
Russian oil firms are increasing their rouble profits and raising production as a weak currency protects their business, which has turned into one of the world’s most profitable.
Source: Offshore
Russian Oil Firms Raise Profits And Output, Spurred By Rouble Weakness
{$excerpt:n}
