Thursday, August 16, 2018

PGS will increase its capital expenditure to around $240 million in 2016, from a full year 2015 CAPEX of approximately $175 million. Source link

North Energy agrees to sell a 10-percent interest in Norwegian production license 707, which covers the Seiland West area of the Barents Sea. Source link

Singapore's Sembcorp Marine says it is expected to record a net loss for the fourth quarter due to a challenging operating environment. Source link

Murilo Ferreira has quit as chairman of Brazil's Petroleo Brasileiro SA. Source link

The Australian Petroleum Production & Exploration Association (APPEA) re-elected Bruce Lake and Richard Owen as its chairman and vice chairman, respectively. Source link

Lamprell boosts its workforce by 1,500 to help it meet increased activity in the Middle East. Source link

A team of students from the University of Manchester in the UK reaches the top 10 of MOL Group's global oil and gas student competition, UPPP. Source link

CIMC Raffles holds a naming ceremony for North Sea Rig Holdings' newbuild North Dragon semisub at its Yantai Shipyard in China, while construction work continues on two other similar rigs. Source link...

Malaysia's Icon Offshore receives a letter of award, worth $12.1 million, to provide a deepwater platform supply vessel to Kebabangan Petroleum Operating Company. Source link

Board directors at Rockhopper Exploration and Falkland Oil and Gas recommend that the two companies merge. Source link
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