Press Releases

Chesapeake sues Cameron for 2011 spill

Apr 30, 2013 00:00 SGT NHST Media Group Asia Lawsuit relates to equipment failure in Pennsylvania that dumped toxic fluid into waterway

Petrobras profits drop 17%

Apr 29, 2013 00:00 SGT NHST Media Group Asia Brazil state company continues struggle with production declines

BP eyes 'better technical solutions' for Mad Dog

Apr 26, 2013 00:00 SGT NHST Media Group Asia Technip chief executive says drilling plans may hold key to reining in costs at GOM development

North Dakota passes flaring bill

Apr 23, 2013 00:00 SGT NHST Media Group Asia State legislature OKs measure to give tax exemptions to companies that capture more produced gas

BP Macondo probe ‘left out cost overruns’

Mar 28, 2013 16:16 SGT NHST Media Group Asia BP’s investigation of its disastrous 2010 Gulf of Mexico blowout did not address cost overruns on the well, the executive who ran the probe said on Thursday - the final day of testimony this week in the massive civil trial over the spill.

Ecuador's Correa cruises to new term

Feb 17, 2013 16:52 SGT NHST Media Group Asia Strong support for Ecuadorean President Rafael Correa 's re-election will allow the leader to deepen his populist policies, expand oil and mineral extraction and, many fear, further clamp down on the media in the small Andean nation.

Vanoil Energy acquires Avana Petroleum for $15m

Nov 22, 2012 20:53 SGT NHST Media Group Asia Canada’s Vanoil Energy has agreed heads of terms to acquire Isle of Man-registered private Avana Petroleum in a C$15 million all-share deal.

Aker walks away from NPS deal

Nov 21, 2012 13:28 SGT NHST Media Group Asia Norway’s Aker Solutions has walked away from a deal to acquire Dubai-based oilfield services company NPS Energy.

Noble quarterly profits slip

Oct 18, 2012 04:29 SGT NHST Media Group Asia Driller Noble Corporation saw its third-quarter profits sink 15% as it battled lower-than-expected utilisation on its Bully I and Bully II drillships, labour and regulatory delays in Brazil and downtime due to Hurricane Isaac, the company said Wednesday.

Brent hovers on stimulus hopes and supply concerns

Jul 26, 2012 10:14 SGT NHST Media Group Asia Brent hovered above $104 per barrel on Thursday, with investors anticipating more US stimulus measures to support growth and on fears that tensions in the Middle East could escalate causing supply concerns.