Iraq tells top OPEC official it is ready to cooperate in reaching a deal on supply cuts to support oil prices.
Source: Offshore
Iraqi Leaders Lobby OPEC's Barkindo For An Oil Output Cut Exemption
{$excerpt:n}
Petrobras board approves the creation of an independent committee to allow the state-controlled company’s minority shareholders to review planned changes to some of its biggest oil and gas leases.
Source: Offshore
Petrobras Sets Up Minority Panel On Transfer of Rights Areas
{$excerpt:n}
The opening of new projects in the subsalt areas off Brazil’s coast to operators other than the financially strained Petrobras is positive and should speed up development, Galp Energia CEO says.
Source: Offshore
Galp Sees Faster Brazil Oil Sector Development With More Access
{$excerpt:n}
Energy ministers from Russia and Qatar along with OPEC’s secretary general discussed possible joint action to stabilize the oil market.
Source: Offshore
Russia, Qatar, OPEC Discuss Possible Action To Shore Up Oil Market
{$excerpt:n}
PDVSA says a debt swap allowed it to push back some $2.798 billion in payments originally due next year to 2020, giving the cash-strapped company a financial breather.
Source: Offshore
Venezuela PDVSA Swaps .8B 2017 Bonds, Gains Financial Breather
{$excerpt:n}
Oil prices dip, with US crude briefly falling below $50 per barrel.
Source: Offshore
Oil Dips On Buzzard Restart, Iraq; US Crude Tests Below
{$excerpt:n}
Angola unseats Russia as China’s largest crude supplier.
Source: Offshore
Angola Becomes China's Biggest Oil Supplier in Sept
{$excerpt:n}
Production at Statoil’s Statfjord A oil platform in the North Sea has restarted after it was shut due to a fire on Oct. 16, the company said on Monday.
Source: Offshore
Statoil Says Restarts Output At Statfjord A Platform After Fire
{$excerpt:n}
Foreign oil companies will increase their investments to increase output in Basra, the main producing region of Iraq.
Source: Offshore
Foreign Firms To Increase Spending On Iraqi Oil Fields In Basra
{$excerpt:n}
BP’s General Council Rupert Bondy will step down at the end of the year after 8 years in office during which he oversaw the legal battles surrounding the 2010 Gulf of Mexico oil spill.
Source: Offshore
BP General Council Bondy To Leave At Year End
{$excerpt:n}
