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Drillers added two oil rigs in the week to May 26, bringing the total count up to 722, the most since April 2015, energy services firm Baker Hughes Inc. said on May 26.
The SFO launched a criminal investigation into Unaoil, its officers, employees and agents in July 2016 in connection with suspected bribery, corruption and money laundering.
In its fourth incarnation, Browse could supply gas to the North West Shelf LNG plant from 2025, rather than be developed as an expensive new LNG project. Browse has been reworked three times over the past decade, Reuters reported.
State-owned China National Petroleum Corp. (CNPC) plans to invest $2 billion in an oil and natural gas block in southern Peru in the coming years, Rafael Zoeger, the head of Peru's state energy agency Perupetro said at a news conference on May 23.
Thailand’s largest oil and gas explorer PTT Exploration and Production (PTTEP) is planning new investments or an extension of its operations in fields in Thailand, Malaysia and Myanmar, the company said on May 23.
The roadmap strengthens the deployment of Schlumberger technology, reduces regional delivery times for key products and services, and increases local capacity and deployment capabilities, Schlumberger said in the release.
Drillers added eight oil rigs in the week to May 19, bringing the total count to 720, the most since April 2015, energy services firm Baker Hughes Inc. (NYSE: BHI) said on May 19.
International exploration and technology remain crucial to filling future energy demand.
BP shareholders on May 17 approved an $11.6 million pay package for CEO Bob Dudley after the oil and gas company cut it in response to investor pressure.
Some countries may be better positioned to attract investment to meet future demand, according to a global risk consultancy.
A Houston jury awarded Prime Natural Resources Inc. $41.6 million in an insurance breach of contract dispute with certain underwriters at Lloyd's, London, over offshore oil facilities damaged by Hurricane Rita 12 years ago.
Reporting a 44% rise in its production to 82,600 boe/d for the four months ended April 30, Premier lowered its 2017 capex forecast to $350 million from $390 million, Reuters said.