Daily Archives: June 15, 2016

Western governors issue policy statement outlining ESA concerns

Western US governors called for closer federal cooperation with state and local governments under the Endangered Species Act. “Given the impact ESA listing decisions have on vital state interests, states should be provided the opportunity to be full partners in administering and implementing the ESA,” they said in a policy statement issued as their 2016…

Polarcus bags contracts wins

Polarcus Ltd. has provided updates on several projects, including that it had picked up two new jobs in as many days. Read Full Article Here For more great articles: Offshore RSS Feed

WoodMac: Global upstream investment down $1 trillion since oil-price slump

Global upstream development spending from 2015 to 2020 has declined 22%, or $740 billion, since fourth-quarter 2014, according to research from Wood Mackenzie Ltd. Including cuts to conventional exploration investment, the figure increases to just more than $1 trillion. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest

Yang named CEO of CNOOC

Yang Hua, chairman of China National Offshore Oil Corp. Ltd., has added the role of chief executive officer following the resignation of Li Fanrong, who had served as chief executive officer and president. Yuan Guangyu has become president. The changes are effective June 15. Read Full Article Here For more great articles: Oil & Gas…

Russia considering sale of Rosneft stake

Russia is considering the sale of 19.5% of state-owned OJSC Rosneft in a private transaction, the company’s chief executive officer told an Italian newspaper. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest

Global upstream investment down about $1 trillion, says analyst

Global upstream development spend from 2015 to 2020 has been cut by 22% or $740 billion since the oil price started to drop two years ago, according to Wood Mackenzie. When conventional exploration investment cuts are included, the figure increases to $1 trillion. Read Full Article Here For more great articles: Offshore RSS Feed

US crude stocks fell 900,000 bbl last week, EIA reports

US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, dropped 900,000 bbl during the week ended June 10 compared with the previous week, the US Energy Information Administration reported. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest