Friday, November 24, 2017

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

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

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

Clough bags a hook-up services contract for the Ichthys floating, production, storage and offloading facility from Daewoo Shipbuilding & Marine Engineering Co. Source link

Russian oil firm Lukoil signs a cooperation agreement with the Krasnoyarsk Region in eastern Siberia, where the firm was recently granted a license to develop the East Taymyr block. Source link

Offshore engineer Lamprell is working with partners, including Saudi Aramco, to potentially build a 'Maritime Complex' in Saudi Arabia. Source link

South Korea's Hyundai Heavy Industries to halt operations at its Onsan yard amid the downturn in the global oil and gas industry. Source link

Keppel Offshore & Marine posts a net loss of $42.5 million for fourth quarter 2015, down from a net profit of $200.1 million in the previous year. Source link
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