President Nicolas Maduro says Venezuela’s petroleum export basket is poised to fall to $30 per barrel or less, adding he was seeking to a deal with OPEC and Russia to stabilize prices.
Source: Offshore
Venezuelan President Says Oil Basket Set to Fall to or Less
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Maersk Oil seeks regulatory permission to shut its Janice installation, which produces around 7,000 barrels per day from three UK North Sea oilfields.
Source: Offshore
Maersk Seeks to Shut Oil Installation in UK North Sea
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Two of China’s major oil companies say that their profits slumped in the first half of 2015, as a sharp decline in international crude prices hit upstream earnings.
Source: Offshore
Profits At Two Chinese Oil Majors Slump On Low Crude Price
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The Haiyang Shiyou 981 (UDW semisub) will continue drilling not far from Vietnam’s coast, China’s maritime safety authorities said on Tuesday.
Source: Offshore
China Oil Rig to Keep Drilling in Waters Disputed with Vietnam
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Once upon a time, talk of an emergency OPEC meeting would have rippled through oil markets, likely triggering at least a brief rally in prices.
Source: Offshore
Without Saudi Support, Talk Of OPEC Emergency Meeting Is Just Noise
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Triple Energy makes slower than expected progress in drilling the Niaoshan-1 well in China’s Heilongjiang province and has mobilized a second rig to drill the Yixin-1 well.
Source: Offshore
Triple Energy Makes Slow Progress in Niaoshan-1 Drilling in China
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Transerv Energy prepares to commence fishing operations to recover a stuck pipe at the Warro-5 well in Western Australia’s Warro gas field.
Source: Offshore
Transerv to Recover Stuck Pipe at Warro-5 Well in WA's Warro Gas Field
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Iran plans to bring online two new gas operations in October after the OPEC member completes development of another section of the world’s largest gas field, its oil minister said on Tuesday.
Source: Offshore
Iran Expects New South Pars Gas Production to Start in October
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Pan Pacific Petroleum CEO Tom Prudence steps down from post, with company not seeking a replacement.
Source: Offshore
Australia's PPP CEO Tom Prudence Steps Down, Firm Not Seeking Replacement
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The global oil market is healthier than it looks, signaling that crude’s plunge to six-year lows has probably gone too far.
Source: Offshore
Out in the Real World, Oil Market Is Much Better Than It Looks
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