The presidents of Peru and Bolivia agree to study a project that would allow landlocked Bolivia to ship its natural gas, a key export, to Asia from Peru’s Pacific coast.
Source: Offshore
Statoil cancels a rig contract with China Oilfield Services 13 months ahead of the expiry date, blaming overcapacity in its rig portfolio.
Source: Offshore
Indonesia sets 2016 gas production target of 1.1 million to 1.3 million barrels of oil equivalent and plans to produce 800,000 to 830,000 barrels of oil per day.
Source: Offshore
Lundin Petroleum announces that its wholly owned subsidiary Lundin Norway AS has spud two appraisal wells and one exploration well offshore Norway.
Source: Offshore
Woodside receives offers from the authorities to renew seven retention leases offshore Western Australia.
Source: Offshore
Crude oil futures settle down more than 1% after a government report showing an eighth straight weekly drop in US crude stockpiles was offset by a large build in refined products.
Source: Offshore
{$url}
Oil Slides After Big US Gasoline Build Offsets Crude Draw
Hyundai Engineering & Construction bags a $720 million contract to construct a seawall and other facilities to support offshore oil and gas development in East Timor.
Source: Offshore
Chevron Corp said on Wednesday it was selling its 40 percent stakes in two more Nigerian shallow water offshore oil blocks, Oil Mining Leases (OML) 86 and 88 in the Niger Delta area.
Source: Offshore
PTT, Thailand’s largest energy firm, says it had signed a contract with Ratchaburi Electricity Generating to study the possibility of investing in a liquefied natural gas receiving terminal in Myanmar.
Source: Offshore
Qatar Petroleum plans to expand overseas after a restructuring that included the takeover of its foreign investment arm and the firing of some workers.
Source: Offshore
