Monday, September 25, 2017

Seadrill files for bankruptcy protection after working out a deal with almost all its senior lenders to inject $1B of new money into the company. Source link

Eni signed a cooperation agreement with CNPC in a move that could give the Italian oil major greater access to the Chinese market. Source link

Nine months after surprising the world with an $11 billion venture to buy a stake in Russia's state oil company, Glencore is selling most of it. Source link

US energy firms cut oil rigs for a third time in the past four weeks as a 14-month drilling recovery stalls with energy firms reducing spending plans in response to recent...

JOGMEC is interested in investing in energy companies worldwide, including Russian state energy company Rosneft, JOGMEC President Keisuke Kuroki told reporters. Source link

Bourbon says that oil companies are restarting projects, which should help its business pick up after profits fell sharply in the first half. Source link

Canadian Natural Resources agreed to buy Cenovus' Pelican Lake heavy-oil project and other assets in northern Alberta. Source link

Deliberations reportedly are at an early stage. Source link

Venezuela's new chief prosecutor is investigating 'spectacular' overpricing in a dozen contracts in the nation's Orinoco oil belt. Source link

The start-up, launched last year and backed by Schlumberger, said it aimed to have the lowest cash break-even costs in the industry. Source link
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