Thursday, August 17, 2017

Keppel posts a 21% drop in its quarterly profit and warned it did not expect a speedy recovery in the offshore and marine market. Source link

State oil firm Saudi Aramco said the first phase of a new Energy Industrial City in Saudi Arabia will be completed in 2021. Source link

Saudi Arabia, Oman and Abu Dhabi have all announced plans in the past year to float some of their oil assets. Source link

SBM Offshore and Repsol will share an insurance payment of $247 million, less legal costs, related to a troubled Norwegian offshore project. Source link

Rosneft is preparing to open an office in Mozambique, a senior Mozambican diplomat says. Source link

Shell to sell its 45% stake in the Corrib gas venture to a unit of Canada Pension Plan Investment Board (CPPIB) for up to $1.23 billion Source link

British oil and gas explorer cuts 15% of its global workforce as it "right sizes" for new FLNG Project. Source link

Shale oil producer Halcon Resources Corp said it would sell most of its North Dakota operations for $1.4 billion cash, part of a plan to shift its focus to Texas' Permian...

Houston-based Freeport-McMoRan Oil and Gas is conducting another round of layoffs due to asset sales. Source link

Apache Corporation confirms it will complete an exit from Canada upon the closing of 3 recent transactions. Source link
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