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Business and Finance

PV Drilling clinches jack-up rig deal

PV Drilling has signed a contract to supply the jack-up rig PV Drilling II to PVEP Song Hong Company Limited (PVEP Song Hong) in Ha Noi, Vietnam.

Reported by: Offshore Energy Today, Posted on: 21 Jul 2016

The importance of a good recruitment agency

The importance of a good recruitment agency

Reported by: Advanced Resource Managers, Posted on: 28 Jan 2016

Falling oil prices: How are countries being affected?

Oil prices have fallen to their lowest level since 2003, sinking below $28 a barrel before recovering slightly on Monday.

Reported by: BBC News, Posted on: 19 Jan 2016

Oil price falls below $28 a barrel as Iran sanctions lifted

The oil price has fallen below $28 a barrel amid fears the lifting of Western sanctions on Iran could worsen the existing oversupply problem.

Reported by: BBC News, Posted on: 18 Jan 2016

ONGC Targets $10-$12 Bn Foreign Oil And Gas Investments

ONGC Targets $10-$12 Bn Foreign Oil And Gas Investments

Reported by: Reuters, Posted on: 20 Oct 2015

Iran Set To Enter Oil & Gas Market: How Will It Impact Oil Prices?

Iran Set To Enter Oil & Gas Market: How Will It Impact Oil Prices?

Reported by: Profit Confidential, Posted on: 15 Oct 2015

US Oil Settles Down 44 Cents, or 0.9%, at $46.66 a Barrel

US Oil Settles Down 44 Cents, or 0.9%, at $46.66 a Barrel

Reported by: Reuters, Posted on: 14 Oct 2015

Oil Rally Snaps Gas Price Stability

Oil Rally Snaps Gas Price Stability

Reported by: UPI, Posted on: 13 Oct 2015

Wellstream International 2014 Profits Boosted By £230m Sale To GE Oil And Gas

Walker Riverside-based firm reported a profit on sale of business of £230.4m after it was acquired by global oil player GE

Reported by: Chronicle Live, Posted on: 13 Oct 2015

Is China To Be The Next Leader In The Oil And Gas Industry?

Since 2009, China has been taking a much more active role in its pursuit of international oil contracts. In 2009, for the first time, Saudi Arabia exported more of its oil to China than it did to the U.S. China also made large investments in Saudi Arabia’s oil refining industry as well. But China’s oil investments didn’t stop there; they also pursued oil producing Canadian assets in 2011-12.

Reported by: OilPrice.com, Posted on: 13 Oct 2015

Sell Anadarko - Debt Load Is Much Worse Than Other Oil And Gas E&Ps

All oil & energy companies have high debts and low earnings and cash flow in the industry downturn, but some are worse than others.

Reported by: Seeking Alpha, Posted on: 12 Oct 2015

Mexico's Oil And Gas Licensing 'Round One' Finally Picks Up Pace

International and domestic private sector participants were designated catalysts for rejuvenating Mexico’s oil and gas sector, after the country tore-up constitutional impediments – dating as far back as 1938 – barring their participation.

Reported by: Forbes, Posted on: 12 Oct 2015

Ineos Buys 12 North Sea Gas Fields For £490m

The fields, bought by the chemicals group from a Russian billionaire, provide 8% of the UK’s gas

Reported by: The Guardian, Posted on: 12 Oct 2015

A Bright Spot In Oil and Gas

Oil and gas companies have seen better days. As a consequence, many investors are leaving the sector in search of safer harbors to park their cash. But if you needed one good reason to hold on to some of your oil and gas stocks, this week’s chart has it...

Reported by: Investing.com, Posted on: 12 Oct 2015

Freeport-McMoRan Faces Tough Choices In Strategic Review Of Oil & Gas Business

Freeport-McMoRan Inc. has announced a strategic review of its oil and gas business, as it looks for the best response to the prevailing weakness in oil prices.

Reported by: Forbes, Posted on: 12 Oct 2015

Oil Investors Gain Over $70 Billion In Best Week Since 2008

European oil companies are heading for the best weekly performance in seven years as they added about $74 billion in value following crude’s surge past $50 a barrel.

Reported by: FuelFix, Posted on: 09 Oct 2015

Oil Prices Rally On Mideast Tensions And Slowing Shale Output

International oil benchmark Brent crude oil is on course for its biggest weekly gain in six years, as rising geopolitical tensions and signs of slowing output have brought buyers back to the market.

Reported by: FT, Posted on: 09 Oct 2015

Oil And Gas Regulators Admit To Massive Oversight Failures In New Report

In a report released Thursday, state officials admit the Department of Conservation’s oversight of wastewater injection wells related to oil and gas has failed because of inadequate recordkeeping, understaffing, inconsistent enforcement, inaccurate permitting and poor monitoring.

Reported by: SCPR, Posted on: 09 Oct 2015

Is The Oil & Gas Sector Recovering? Oil And Gas Stocks Continue To Grow

Oil and gas (O&G) counters continued to extend gains after oil price rose to its highest in three months with Brent crude climbing to US$53.28 per barrel sealing analysts' positive feel on the sector's recovery in the final quarter of 2015.

Reported by: The Edge Market, Posted on: 09 Oct 2015

No More New Cars Or Furniture, Says king As Oil Slump forces Cuts On Saudi Arabia

Secret memo reveals King Salman imposing unprecedented austerity on public-sector budget as oil price languishes at under half of break-even level

Reported by: The Guardian, Posted on: 09 Oct 2015

Industry 'Disappointed' By Colorado's Proposed Oil And Gas Rules

Colorado's oil and gas companies, already reeling from low crude oil commodity prices, got their first good look today at draft rules from the state designed to calm years of controversy over big wells drilled in and around neighborhoods unused to such activity.

Reported by: Biz Journals, Posted on: 08 Oct 2015

Oil Price Slump Turns Saudi Surplus Into Huge Deficit, IMF Report Shows

The full extent of the impact of slumping crude prices on Saudi Arabia’s public finances has been highlighted by the International Monetary Fund in a new report telling oil exporters to be braced for a prolonged period of disruption to their budgets.

Reported by: The Guardian, Posted on: 08 Oct 2015

Norway's Oil And Gas Industry Warns Output Will Drag Without Government Incentives

Norway's oil and gas industry said Wednesday it was disappointed that no incentives to boost recovery rates had been announced by the government in its 2016 budget, and warned that a failure to do so in the future could ultimately lead to falling production.

Reported by: Platts, Posted on: 08 Oct 2015

Encana to Sell Colorado Oil and Gas Assets for $900 Million

Encana Corp. said Thursday that it had agreed to sell oil and gas assets in Colorado’s Denver Julesburg Basin for $900 million to a new joint venture majority owned by Canada’s biggest pension fund.

Reported by: WSJ, Posted on: 08 Oct 2015

Oil & Gas Stock Roundup: BP Agrees to Record Oil Spill Fine, Suncor Launches Hostile Bid

It was a week where oil prices fluctuated wildly to maintain status quo and natural gas plummeted to its lowest settlement since June 2012. On the news front, BP plc (BP - Analyst Report) will pay a record $20.8 billion as penalties for the deadly oil spill of 2010, while Suncor Energy Inc. (SU - Analyst Report) launched a hostile bid to acquire Canadian Oil Sands Ltd. for C$4.3 billion.

Reported by: Zacks, Posted on: 08 Oct 2015

Deep Down Bags Largest Order in its History

Deep Down, Inc., an oilfield services company serving the offshore exploration and production industry, has received an order valued at $13 million.

Reported by: Offshore Energy Today, Posted on: 07 Oct 2015

Pulse Awarded NOV Contract For Acoustic Mooring Line Monitoring System In Norway

Pulse Structural Monitoring (Pulse) has been awarded a contract with National Oilwell Varco (NOV) Arendal in Norway to provide an acoustic mooring line subsea monitoring system to measure mooring line inclination and tension.

Reported by: Oil & Gas Technolgy, Posted on: 07 Oct 2015

Oil & Gas Infrastructure Security Market Forecast 2015-2025

Prospects for Leading Personnel, Perimeter, Maritime & Cyber Security Companies in a Lower Oil Price Environment

Reported by: Market Watch, Posted on: 07 Oct 2015

A $12 Billion Commodities Giant Is Thinking About Ditching The Oil Business

Freeport-McMoRan may get rid of its oil and gas business.

Reported by: Business Insider, Posted on: 07 Oct 2015

Russian Billionaire Turns To Norway Oil And Gas After UK Snub

LetterOne, the investment vehicle led by Russian billionaire Mikhail Fridman, is in taks to buy assets off the coast of Norway for $1bn

Reported by: The Telegraph, Posted on: 07 Oct 2015
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