The agreement to develop tight and shale hydrocarbons in Argentina sets out the principles for cooperation for a final accord that could be signed in the Russian spring. Source link
US energy firms cut 13 oil rigs for the first time in seven weeks, as a renewed slump in prices this summer forced drillers to make a second round of cut-backs. Source...
Cosco Dalian reports that an arbitration tribunal in London has indicated that the firm has no further liabilities to Dalian Deepwater Developer over the construction contract for a drillship. Source link
Heerema Fabrication Group secures an engineering, procurement and construction contract, with Maersk Oil North Sea UK Limited, for the Culzean development in the North Sea. Source link
Oil & Gas UK launches a new North Sea task force, which aims to improve the efficiency and competitiveness of the UK's oil and gas industry. Source link
Trinity agrees to sell its 100 percent interest in the onshore Guapo-1 (GU-1) block to New Horizon Exploration Trinidad and Tobago Unlimited for $2.8 million. Source link
Keppel Offshore & Marine to acquire Cameron's offshore rig business, comprising the LETOURNEAU jackup designs, rig kit business and aftermarket services for $100 million. Source link
Russian oil firms are increasing their rouble profits and raising production as a weak currency protects their business, which has turned into one of the world's most profitable. Source link
Maurel & Prom says it was reabsorbing its former Nigerian unit MPI as a first step towards tripling in size to cope with the impact of a plunge in the oil...
The billions in cutbacks that Freeport-McMoRan has taken in its battle against plunging commodity prices may not be enough for one of its newest shareholders, billionaire activist investor Carl Icahn. Source link...