Thursday, January 24, 2019

Petronas raises its dividend payment commitment to the government after reporting that second-quarter profit quadrupled because of higher oil prices and improved margins. Source link

Venezuelan President Nicolas Maduro names Oil Minister Nelson Martinez as the head of state oil company PDVSA. Source link

While other offshore rig operators are still struggling to survive the worst oil-market slump in a generation, one Norwegian company has managed to turn things around. Source link

A flurry of departures across the US and Canadian units of PetroChina have sparked speculation that the oil trader is reducing its presence in North America. Source link

Atwood Oceanic's offshore personnel in Australia will receive wages aligned with current market conditions, according to new agreement. Source link

Russian court ruled that conglomerate Sistema should pay more than $2.3 billion to Rosneft in a dispute over Bashneft. Source link

John Watson, who has led Chevron since 2010, is planning to step down as the oil major seeks a new CEO, the Wall Street Journal says. Source link

BHP Billiton reported a surge in underlying full-year profits and said it would exit its underperforming US shale oil and gas business. Source link

Sinopec's Shengli Oilfield says it will cut its Internet connection for some of its offices, the company says. Source link

US energy firms cut oil rigs for a second week in three, data shows, with drillers cutting spending plans in reaction to declining crude prices. Source link
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