Seadrill terminates construction contract with Hyundai Heavy Industries for the West Mira semisub, citing delivery delay for the decision.
Source: Offshore
Seadrill Cancels HHI's West Mira Construction Contract Over Delivery Delay
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Neil Gibbins will continue as Acting CEO of Beach Energy until a replacement for Robert Cole, who resigned as managing director, has been appointed.
Source: Offshore
Robert Cole Resigns as Beach Energy's MD, Neil Gibbins to be Acting CEO
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A summit between OPEC and non-OPEC oil producers that Venezuela is proposing should focus on supporting prices rather than limiting volume, the country’s oil minister says.
Source: Offshore
Venezuela's OPEC Proposal Focuses on Oil Price, Not Volumes
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Mosman Oil and Gas sells 2 percent royalty in its proposed acquisition of a 70 percent interest in New Zealand’s South Taranaki Energy Project assets to Canada’s Ridge Royalty Corp. for $2.5 million.
Source: Offshore
Mosman Sells 2% Royalty in its STEP Assets in NZ to Ridge Royalty Corp.
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In the race to supply crude to the world’s biggest energy user, it’s the tussle for second place that’s too close to call.
Source: Offshore
Pursuit of China's Oil Prize Is Race for Second-Place Spoils
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Cosco Nantong delivers a newbuild semisubmersible accommodation vessel to Atlantis Offshore.
Source: Offshore
Cosco Nantong Delivers Semisub Accommodation Vessel to Atlantis Offshore
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Triple Energy updates on drilling at Aolong Joint Venture project in Heilongjiang province, China.
Source: Offshore
Triple Energy Updates on Drilling at Aolong JV Project in Heilongjiang
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Partners in the ATP 1056 Joint Venture exercise pre-emptive rights to acquire AGL Energy’s 40 percent interest in the permit in Queensland, Australia.
Source: Offshore
Partners in Australia's ATP 1056 JV Keen on AGL's 40% Stake in Permit
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Decline rates on conventional fields will play a critical part rebalancing the oil market and determining where oil prices settle in the longer term.
Source: Offshore
Kemp: Decline Rates Will Ensure Oil Output Falls in 2016
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SapuraKencana Petroleum’s revenue rises 22.9 percent gain in the second quarter that ended July 31 to $762 million, but profit after tax falls 61.1 percent to $28 million due to provision for impairment of its oil and gas assets.
Source: Offshore
SapuraKencana Posts M Net Profit in 2Q FY16, Down 61% from 1Q FY16
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