Murphy Oil Cashes Out Of Malaysia In Over $2 Billion Sale
Murphy Oil plans to use proceeds from its Malaysia exit to PTTEP for share buybacks as well as funding Eagle Ford Shale and U.S. Gulf of Mexico operations.
March 21, 2019
Asia Pacific
Ophir Energy Agrees To Medco's Sweetened Takeover Bid
The increased offer comes after the Financial Times reported that hedge fund Petrus Advisers, which owns 3.94% of Ophir, planned to vote against Medco's bid because it undervalued the company.
March 21, 2019
PTTEP Selects Vallourec To Deliver Tubular Goods Offshore Myanmar
PTTEP, Thailand’s national oil exploration and production company, awarded Vallourec on a contract to deliver over 3,000 tons of oil country tubular goods for its Myanmar M9 West exploration well on March 18.
March 18, 2019
Lukoil Reaches Milestone At Filanovsky Field
Lukoil has reached another milestone with ten million tonnes of oil supplied from its Vladimir Filanovsky Field to the Caspian Pipeline Consortium (CPC) system, the company said on March 14.
March 14, 2019
Trade War Cuts US LNG Exports To China
The only vessel to head to China from the United States this year was the Adam LNG, which left Cheniere Energy Inc's Sabine Pass export terminal in Louisiana on Jan. 30, according to the shipping data.
March 13, 2019
End To US-China Trade Impasse Needed To Absorb US Crude Exports -Trafigura
Trafigura has applied with U.S. regulators for permits to build an offshore crude export terminal off Corpus Christi, Texas, to transport 500,000 bbl/d of U.S. shale to buyers in Europe and Asia.
March 13, 2019
Pakistan To Offer Gas Fields To Foreign Explorers, Investors
More than 30 onshore gas blocks have been identified and Pakistan's government plans to auction a large chunk of them in one or two licensing rounds by the end of 2019.
March 12, 2019
Global Deepwater Oil Production To Hit New Record In 2019
Industry experts at Rystad Energy expect global deepwater oil production to surpass 10 million barrels per day (MMbbl/d) in 2019, an increase of 700,000 bbl/d compared to last year, as new offshore fields come online in places such as Angola, Norway and Nigeria.
March 11, 2019
IEA Projects US Leading Global Oil Supply Growth
The U.S. will drive global oil supply growth over the next five years, adding another 4 million bbl/d to the country's already booming output, the IEA said March 11.
March 11, 2019
China's Feb Crude Imports Surge 22%; Gas Imports Drop From Jan
This is the fourth month in a row that China's crude imports held above the 10 MMbbl/d mark. Last month's crude arrivals also rose from January's 10.03 MMbbl/d.
March 8, 2019