Oil Industry Price War and Deflation
Indonesia government approves the development plan for the Kisaran Production Sharing Contract in Sumatra.
ONGC Videsh recorded a 57.16 percent decline in net profit for financial year 2015 that ended March 31 due mainly to lower oil prices.
Taiwan proposes a peace initiative to resolve territorial disputes in the South China Sea that it says will reduce tensions that have put Beijing at odds with its neighbours and the United States.
Malaysia’s Barakah Offshore receives a letter of award from Shell for pipeline inspection gauges equipment and services.
Brazil’s national oil-industry association, IBP, releases a list of suggestions for regulatory changes that it hopes will boost exploration activity in the wake of falling oil prices, high costs, delays and a graft scandal at Petrobras.