Anadarko Petroleum Corp., The Woodlands, Tex., anticipates an initial 2016 budget of $2.8 billion, a reduction of 50% from the company’s actual 2015 capital investments and almost 70% from the 2014 total. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest
Murphy Oil Co. Ltd. (MOCL), the Canadian subsidiary of Murphy Oil Corp., has agreed to acquire operated and nonoperated working interest of production, acreage, infrastructure, and facilities in Kaybob Duvernay area and liquids-rich Montney area in Alberta from Athabasca Oil Corp. for $475 million (Can.). The two firms are forming Read Full Article Here For…
A federal rule for offshore oil and gas operations could have bigger adverse impacts than the US Bureau of Safety and Environmental Enforcement projected when it proposed the regulation in April 2015, the Gulf Economic Survival Team announced. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest
Petroleo Brasileiro SA (Petrobras) said it has approved a new organizational structure and governance model “as part of the company’s response to the new reality of the oil and gas sector.” Read Full Article Here For more great articles: Oil & Gas Journal – General Interest
Partners in giant Leviathan natural gas field awaiting development in deep water offshore Israel have signed an agreement to sell as much as 6 billion cu m of gas to an Israeli power generator. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest
Chevron expects first LNG from its Wheatstone project offshore Western Australia by mid-2017. Read Full Article Here For more great articles: Offshore RSS Feed
Wholly owned subsidiaries of DYAS BV, a privately owned Dutch company, has agreed with Lundin Malaysia BV to farm into three production-sharing contracts covering acreage offshore Malaysia. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest
ZPMC-OTL Marine Contractor Ltd. says Zhen Hua 30, the world’s largest self-propelled single boom crane vessel, has set a world record by lifting 13,200 metric tons during testing. Read Full Article Here For more great articles: Offshore RSS Feed
Statoil has agreed to acquire a 15% interest in block 14 offshore Uruguay from operator Total. Read Full Article Here For more great articles: Offshore RSS Feed
CNOOC has started production from two new oil field developments in the Beibu Gulf basin in the South China Sea. Read Full Article Here For more great articles: Offshore RSS Feed