Friday, September 22, 2017

Seanamic Group expands umbilical business with a new Umbilical International facility in Glasgow. Source link

PA Resources AB signs an agreement to divest its portfolio of North Sea assets to Petrogas E&P. Source link

Portuguese oil and gas firm Galp Energia posts a greater-than-expected 4Q profit of $166 million. Source link

BG Group's upstream business posts earnings of $4.1 billion at the EBITDA level in 2015, marking a 35 percent decrease from 2014. Source link

Greka Drilling Limited warns that it will take actions to reduce its cost base in 2016 as a response to the lower oil price environment. Source link

Tower Resources Non-Executive Director Peter Blakey retires from the company's board. Source link

Canadian oil sands producer MEG Energy Corp posts a bigger quarterly loss, hurt by lower oil prices and strong US dollar. Source link

Lundin Petroleum reduces its capital expenditure to $1.08 billion in in 2016 and increases its reserve to 685 million barrels of oil equivalents. Source link

U.S. energy firms cut oil rigs for the sixth straight week, and are expected to shed more in coming weeks with three major U.S. shale oil companies slashing their spending plans...

Low oil prices force OMV to take writedowns totalling EUR 1.8 billion ($2 billion), underlining the problems facing the company. Source link
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