Italian oil group Eni swung to a net loss in the second quarter on lower oil prices and a production shutdown at a key field in southern Italy, missing expectations.
Source: Offshore
Eni Swings To Net Loss In Second Quarter
{$excerpt:n}
OPEC’s oil output is likely in July to reach its highest in recent history, a Reuters survey finds, as Iraq pumps more and Nigeria manages to export additional crude despite militant attacks on oil installations.
Source: Offshore
Survey Shows OPEC Oil Output Set to Reach Record High in July
{$excerpt:n}
Rosneft and Venezuela’s state oil company PDVSA sign deals on offshore gas development and oil products trading.
Source: Offshore
Russia's Rosneft, Venezuela's PDVSA Step Up Cooperation
{$excerpt:n}
Asia Offshore Drilling secures contract extensions for jackups AOD I and AOD II with Saudi Aramco, while talks continue to extend the AOD III’s assignment beyond October 2016.
Source: Offshore
AOD Secures Contract Extensions for 2 Jackups with Saudi Aramco to 2019
{$excerpt:n}
Libya’s UN-backed government signs a deal with an armed brigade controlling the major Ras Lanuf and Es Sider oil ports to end a blockade and restart exports.
Source: Offshore
Libya Government, Oil Guards Reach Deal to Reopen Ports
{$excerpt:n}
Key Petroleum exercises option to acquire a 40 percent stake in exploration permit WA-481-P, located offshore North Perth Basin, Western Australia.
Source: Offshore
Key Petroleum to Take 40% Stake in Permit WA-481-P in North Perth Basin
{$excerpt:n}
Iran needs two to three months to achieve its pre-sanctions level of oil production, Iranian Communications Minister Mahmoud Vaezi said during a visit to Moscow on Friday.
Source: Offshore
Iran Needs 2-3 Months To Reach Pre-Sanctions Oil Output Level
{$excerpt:n}
Barakah Offshore’s unit PBJV clinches a $9.4 million transportation and installation contract for the SKO Field in Sarawak off Malaysia.
Source: Offshore
Malaysia's PBJV Clinches .4M T&I Contract for SKO Field Off Sarawak
{$excerpt:n}
Australia’s Cooper Energy says the planned completion of its sale of a 55 percent stake in Tangai-Sukananti KSO in Indonesia’s South Sumatra Basin has been delayed as regulatory approval has not been secured.
Source: Offshore
Cooper Energy Reports Delay in Completing Sale of Tangai-Sukananti KSO
{$excerpt:n}
Vroon takes delivery of 2 platform supply vessels built by Fujian Southeast Shipyard in China.
Source: Offshore
Vroon Takes Delivery of 2 PSVs from China's Fujian Southeast Shipyard
{$excerpt:n}
