PTT Exploration and Production PCL (PTTEP), Thailand’s largest oil and gas explorer, says its second quarter net profit slumped 94 percent, dragged by a fall in revenue, and foreign exchange and oil hedging losses.
Source: Offshore
Thai PTTEP 2Q Profit Plunges on Forex, Oil Hedging Losses
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A Royal Dutch Shell and Petromanas joint venture has applied to drill 2 onshore blocks in central Albania, an official told Reuters on Thursday.
Source: Offshore
Shell Bids to Drill 2 Albanian Onshore Blocks
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CB&I secures a contract worth approximately $60 million with a major energy company to provide maintenance services for 3 separate oil sands facilities in Alberta, Canada.
Source: Offshore
CB&I Secures Maintenance Contract worth Million
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Japan’s release of pictures of Chinese construction activity in the East China Sea will only provoke confrontation between the two countries and do nothing for efforts to promote dialogue, China’s Foreign Ministry says.
Source: Offshore
China Says Japan's East China Sea Pictures Provoke Confrontation
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Santos will commence workover of the Mahalo 7 well in Queensland’s Bowen Basin, Australia next week to replace a downhole pump and return the well to production.
Source: Offshore
Santos to Commence Workover at Mahalo 7 Well in Australia's Bowen Basin
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Buru Energy provides a drilling update of the Praslin 1 exploration well in Permit EP391 in Western Australia.
Source: Offshore
Buru Energy Provides Drilling Update on Praslin 1 Well in WA's Permit EP391
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Iran outlines plans for the rebuilding of its core industries and trade links in the wake of a nuclear agreement with world powers, saying it is targeting $185 billion of oil and gas projects.
Source: Offshore
Iran Eyes 5B Oil, Gas Projects after Sanctions
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DNV GL launches joint industry project with South Korean yards to reduce project cost by 15 percent.
Source: Offshore
DNV Launches JIP with South Korean Yards to Reduce Project Cost by 15%
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Real Energy raises gas resources in its Cooper Basin Permit ATP927P in Queensland, Australia by 141 percent to 13.76 trillion cubic feet.
Source: Offshore
Real Energy Upgrades Gas Resource in Cooper Basin Permit to 13.76 Tcf
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Strike Energy plans to conduct flow testing of three Klebb wells in the Southern Cooper Basin Gas Project in PEL 96 in South Australia.
Source: Offshore
Strike Energy to Conduct Flow Testing at SCB Gas Project in South Australia
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