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The latest upstream oil and gas news from around the world.

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Petronas, Saudi Aramco To Sign Agreement During Saudi King's Visit

Fri, 24 Feb 2017 00:00:00 GMT

Petronas and Saudi Aramco will sign an agreement during a visit by Saudi Arabia's King Salman to Malaysia, Prime Minister Najib Razak says.

Chesapeake Energy Posts Smaller Quarterly Loss

Thu, 23 Feb 2017 00:00:00 GMT

Chesapeake posts a smaller fourth-quarter loss than a year earlier, when it took huge charges to write down the value of some oil and gas assets.

Spain's Repsol Aims To Cut Debt By A Further 16% In 2017

Thu, 23 Feb 2017 00:00:00 GMT

Repsol says it would keep its dividend and investment spending stable in 2017 and pursue cost cuts to reduce debt by a further 16% this year.

Malaysia's Petronas, Saudi Aramco May Sign New Deal On Refinery Project

Wed, 22 Feb 2017 00:00:00 GMT

Petroliam Nasional Bhd (Petronas) and Saudi Aramco are expected to sign an agreement to collaborate in Malaysia's Refinery and Petrochemical Integrated Development (RAPID) project.

Thailand's PTT Interested In Petronas Offshore Gas Stake

Wed, 22 Feb 2017 00:00:00 GMT

Thailand's PTT Pcl is interested in bidding for a stake in the SK316 offshore gas block in Malaysia's state of Sarawak, Chief Executive Thewin Wongwanich says.

PSA Grants Aker BP Consent to Connect Oda to Ula Field

Wed, 22 Feb 2017 00:00:00 GMT

Petroleum Safety Authority Norway grants Aker BP consent to connect the Oda field, located in the Norwegian sector of the North Sea, to the Ula field.

Bhagwan Dryden Reaches Milestone in Safety Case Regime

Tue, 21 Feb 2017 00:00:00 GMT

Bhagwan Marine receives notification from NOPSEMA of acceptance of the Safety Case submitted for the Bhagwan Dryden.

MDT International Enters Partnership to Help Tackle Decommissioning

Tue, 21 Feb 2017 00:00:00 GMT

Global training provider to the oil and gas industry, MDT International, enters into a strategic partnership to help energy businesses plan for decommissioning.

Papua New Guinea LNG Export Plant Seeks To Sell 6 Cargos In Tender

Tue, 21 Feb 2017 00:00:00 GMT

Exxon Mobil's Papua New Guinea liquefied natural gas (PNG LNG) export facility is seeking to sell 6 cargoes in a tender.

Singapore's Proposed Carbon Tax Will Likely Include Refineries

Tue, 21 Feb 2017 00:00:00 GMT

A carbon tax proposed by Singapore on emissions of greenhouse gases from 2019 will likely include the city-state's oil refineries.

CGG Wins DPC Contract in Brunei

Tue, 21 Feb 2017 00:00:00 GMT

Geoscience company CGG has been awarded a contract by Brunei Shell Petroleum to operate a dedicated processing center (DPC) at its Seria office in Brunei Darussalam.

S. Korea's SK Energy Buys Russian Urals Crude For First Time In 10 Years

Fri, 17 Feb 2017 00:00:00 GMT

SK Energy has bought Russian Urals crude for the first time in 10 years, a spokeswoman for the parent company of South Korea's top refiner says.

Polish Govt Not Working On Lotos-PKN Merger

Fri, 17 Feb 2017 00:00:00 GMT

The Polish government is not working on a potential merger between the state-run oil companies Grupa Lotos and PKN Orlen.

Santos Sees Caldita-Barossa Gas Investment Decision In Late 2018

Fri, 17 Feb 2017 00:00:00 GMT

Santos Ltd says partners in the Caldita-Barossa gas fields off northern Australia aim to make a final investment decision in the next 2 years on whether to develop the project.

Encana Boosts Capital Spending By 50% Amid Oil Recovery

Thu, 16 Feb 2017 00:00:00 GMT

Encana reports a better-than-expected quarterly operating profit, helped by a cash tax recovery.

Seismic Surveyor PGS Sees Higher Demand From Oil Companies, 4Q Lags

Thu, 16 Feb 2017 00:00:00 GMT

Seismic surveyor PGS expects an increase in demand from oil companies in 2017 after years of cutbacks.

Wood Group Appoints New European President

Thu, 16 Feb 2017 00:00:00 GMT

John Wood Group plc appoints Alan Johnstone as the president of its Asset Life Cycle Solutions business in Europe.

Gazprom, CNPC Broaden Strategic Energy Cooperation

Thu, 16 Feb 2017 00:00:00 GMT

Russia's Gazprom agrees to broaden its strategic cooperation in the energy sector with China's CNPC.

Oceaneering Names New CEO

Wed, 15 Feb 2017 00:00:00 GMT

Oceaneering announces Roderick A. Larson to succeed M. Kevin McEvoy as chief executive officer.

Origin To Take A$1.9B Charge On LNG, Exploration Assets

Wed, 15 Feb 2017 00:00:00 GMT

Origin Energy tweaks up its earnings forecast but warns it will book a $1.45 billion charge in its half-year results.