DEA names new general manager for Egyptian subsidiary

DEA Deutsche Erdoel has named Dr. Thomas Radwitz as general manager of the company's Egyptian subsidiary. More »

CNOOC starts production at two new projects

HONG KONG -- CNOOC’s Weizhou 12-2 joint development project and Weizhou 11-4 North Phase II project have recently commenced production, China’s largest offshore driller said Monday. More »

No decision yet on any OPEC, non-OPEC meeting

OPEC and non-OPEC countries have not yet agreed to hold a meeting to discuss action to support oil prices, two OPEC delegates said on Monday, nearly a week after Russian officials said Moscow should talk to OPEC. More »

Lundin signs Malaysia farm-out agreements with DYAS

Lundin Malaysia, a wholly owned subsidiary of Lundin Petroleum, has signed farm-out agreements with certain wholly owned subsidiaries of DYAS for part of its working interests across three production sharing contracts (PSC) in Malaysia. More »

Statoil to explore offshore Uruguay with deepwater acquisition

Statoil has agreed to acquire a 15% working interest in exploration Block 14, offshore Uruguay. The acquisition represents Statoil’s first entry into the South American nation. More »

Coming decommissioning boom to be driven by UK: DW Monday

The oil price collapse has been bad news for nearly every company involved in the industry, but one group that could actually benefit from it are specialist decommissioning companies. For these companies there is an opportunity to be part of removing the huge tonnage of infrastructure that exists in the North Sea. More »