Thursday, March 30, 2017

Wood Mackenzie analysis finds that more than a dozen of the largest US independents need oil prices at $55 per barrel to grow by 5% in 2017. Source link

Southwestern Energy plans to lay off 1,100 employees (almost 40 percent of its workforce) as it slows down drilling activity. Source link

Keppel Offshore & Marine to acquire Cameron's offshore rig business, comprising the LETOURNEAU jackup designs, rig kit business and aftermarket services for $100 million. Source link

Oilex and Zeta Resources agree to terminate legal proceedings between both parties. Source link

The embattled Oklahoma exploration and production company emerges with a clean balance sheet and $525 million in liquidity. Source link

Repsol says it would keep its dividend and investment spending stable in 2017 and pursue cost cuts to reduce debt by a further 16% this year. Source link

Centrica Energy agrees to award services contracts to Aibel and Subsea 7 for projects on the Norwegian Continental Shelf. Source link

UK subsea companies will be heading to Mexico City, from September 26-29, on a showcase trade mission to increase business and trade opportunities in Latin America's most promising energy hubs. Source link...

Australian gas producer Santos is expected this week to outline its strategy to pay down debt and cope with weak oil and gas prices. Source link

PA Resources AB completes a transaction with Petrogas E&P to divest its portfolio of North Sea assets. Source link
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