Husky Energy expects to generate free cash flow and may reinstate a cash dividend as crude oil prices have rallied in recent weeks.
Source: Offshore
Canada's Husky Energy Says Oil Price Rally To Generate Free Cash
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Malaysia’s PETRONAS Carigali awards a two year drilling contract to UMW Offshore Drilling for the provision of jackup UMW NAGA 6.
Source: Offshore
UMW O&G Bags Contract from PETRONAS Carigali for UMW Naga 6
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Technics Oil & Gas applies to the Singapore High Court for an order to be placed under judicial management.
Source: Offshore
Technics Applies to Singapore High Court for Judicial Management Order
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The global crude oversupply that has caused prices to slump since 2014 is correcting itself, the oil minister of the United Arab Emirates says on arrival in Vienna ahead of an OPEC meeting this week.
Source: Offshore
UAE Sees Oil Market Correcting Itself Ahead Of OPEC Meeting
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Energy World Corp. completes a $32 million financial facility for the liquefied natural gas hub terminal in Pagbialo, Philippines.
Source: Offshore
EWC Completes a M Facility for Pagbilao LNG Hub Terminal in Philippines
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GSS secures rights to all old oil wells in the Trembul area in central Java, Indonesia.
Source: Offshore
GSS Secures Rights to Old Wells in Tembrul Area in Central Java
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Hyundai Heavy Industries, the world’s biggest shipbuilder, receives an initial approval from its creditor KEB Hana Bank to raise $2.2 billion selling assets, according to a person familiar with the plan.
Source: Offshore
Hyundai Heavy Said To Get Bank's Approval To Raise .2B
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Most upstream companies in Indonesia are likely to reduce workforce this year given sluggish oil prices, The Jakarta Post reported, citing a survey by PricewaterhouseCoopers Indonesia.
Source: Offshore
Survey Shows Most Indonesian Upstream Firms Likely to Cut Workforce in 2016
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Oil Basins resigns as operator of Derby Block in Western Australia, resulting in two directors losing their executive roles in the firm.
Source: Offshore
Oil Basins Quits as Derby Block Operator, 2 Directors Lose Executive Roles
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Malaysia’s Bumi Armada posts a net profit of $5.66 million in the first quarter of 2016, down 67.5 percent from $17.42 million in the previous year, while revenue fell 24.7 percent to $104.26 million.
Source: Offshore
Malaysia's Bumi Armada 1Q 2016 Net Profit Down 67.5% YOY to .7M
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