News & Events
Premier Oil To Bid On Chevron’s UK North Sea assets
LONDON (Bloomberg) — Premier Oil Plc is considering a bid for a package of North Sea oil and gas assets put on the block by U.S. oil major Chevron Corp.…
Read MoreSingapore, KL leaders seek talks to resolve maritime dispute
Leaders on both sides stress need for peaceful resolution amid tensions; observers welcome it As the stand-off between Singapore and Malaysia over maritime boundaries enters its second week, leaders on…
Read MoreSaudi Arabia juggles Iran and U.S. shale to deliver OPEC deal
LONDON (Bloomberg) — Saudi Arabia’s energy minister emerged from days of heated OPEC talks joking that he wasn’t an easy man to be friends with. Yet, the deal Khalid Al-Falih…
Read MoreGlobal jackup utilization down from 78% to 55%, according to Rystad
NORWAY — Since 2014, global jackup utilization has fallen from almost 80% to around 55%, where it has remained quite steady over the last two years. There have, however, been…
Read MoreChevron boosts spending to $20 Billion, first increase since 2014
HOUSTON (Bloomberg) — Chevron Corp. will hike spending by 9.3% next year to $20 billion, its first budget increase since 2014 as it expands investments in the Permian Basin and…
Read MoreAPAC banks brace for slowdown as GDP growth peaks
Loan growth will slide across the region. Banks in Asia Pacific should brace for a more challenging year in 2019 as macro uncertainties deepen and growth becomes hard to come…
Read MoreUS Holds Near Monopoly on Top Plays for Oil and Gas Upstream Investment
The US holds nine out of the top 10 global locations for investment in the upstream oil and gas sector in 2018, according to a wide-sweeping survey released Thursday by…
Read MoreSingapore to ban discharge of ‘wash water’ into port from 2020: MPA
SINGAPORE (REUTERS) – The Maritime and Port Authority of Singapore (MPA) said on Friday (Nov 30) that it is banning the discharge of “wash water” used in ships to scrub engine…
Read MoreSingapore bank lending turns positive in October on recovery in business loans
SINGAPORE – Bank lending in Singapore rose in October from a month ago, reversing from a slight contraction in September, preliminary data from the Monetary Authority of Singapore showed on…
Read MoreBP, Shell Launch Blockchain Oil Trading Platform
A blockchain-based oil trading platform dubbed Vakt and developed by a consortium involving BP and Shell began operating this week, Reuters reports, citing the consortium. The aim is to utilize…
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