Oil Industry Price War and Deflation
Malaysia’s MHB posts net profit of $14.2 million for first half 2015 on a revenue of $341.9 million amid a challenging business environment in the offshore sector.
Petsec Energy opens office in Dubai, United Arab Emirates to support its operations in the Middle East and North Africa.
Australia’s Beach Energy reduces production volumes and capital expenditure in its latest guidance for financial year 2016.
Oil Basins Limited gets a two year extension from the National Offshore Petroleum Titles Administrator for Permit Vic/P47 in the Gippsland Basin, offshore Australia.
Alam Maritm clinches a contract from PETRONAS Carigali to provide repair and maintenance work over a two year period.