Dragon Oil will aim to maintain an average gross production rate of 100,000 barrels of oil per day, for a minimum of five years, from 2016.
Source: Offshore
Dragon Oil to Maintain Production Rate of 100,000 Bopd for 5 Years
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APLNG completes workover of the Mahalo 6 vertical intercept well in Permit ATP 337P in Queensland’s Bowen Basin in Australia.
Source: Offshore
APLNG Completes Workover of Mahalo 6 Well in Queensland's Bowen Basin
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SeaBird Exploration announces that it will stack the Munin Explorer vessel this month, following its completion of a charter contract with SeaBed Geosolutions.
Source: Offshore
SeaBird Exploration to Stack Munin Explorer Vessel
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ExxonMobil executes two agreements to obtain horizontal development rights in 48,000 acres in the core of the Midland Basin.
Source: Offshore
ExxonMobil to Increase Permian Acreage
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Wison Engineering Services, a supplier to PetroChina, says it has been found guilty of bribery after an investigation by the Chinese government and ordered to pay a fine of $4.83 million.
Source: Offshore
PetroChina Supplier Wison Says Found Guilty of Bribery in China
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Fund firm Aviva Investors says it opposed a $2.3 billion plan by Vedanta to buy out minority shareholders in Cairn India as the deal failed to deliver sufficient value.
Source: Offshore
Aviva Investors Opposes Vedanta Takeover Bid for Cairn India
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Aqualis Offshore bags contract from Mekers Offshore to supervise the construction of its two liftboats at Dajin Heavy Industries’ yard in China.
Source: Offshore
Aqualis Bags Mekers' Contract to Supervise Liftboat Construction in China
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Genel Energy Chief Executive Murat Ozgul welcomes the Kurdistan Regional Government’s public commitment to pay producing international oil companies on a monthly basis, from September 2015.
Source: Offshore
Genel Energy CEO Welcomes Kurdish Commitment to Pay IOCs
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Australia’s Otto Energy acquires Borealis Petroleum, giving the firm the option to purchase an 8 percent and 10.8 percent working interests in two areas of Alaskan North Slope exploration acreage held by Great Bear.
Source: Offshore
Otto Acquires Borealis, Gains Option to Take Minor Stakes in ANS Acreage
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Oil set multi-month lows as investors and traders sought clues about the market’s next bottom after a large drop in US crude inventories failed to boost prices.
Source: Offshore
Oil At Multi-Month Lows; Hunt For New Bottom As Gasoline Piles Up
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