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July 29, 2015 8:54 pm

Oil Industry Price War and Deflation

Malaysia’s MHB Posts $14.2M Net Profit in 1H 2015 on Revenue of $341.9M

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.

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Petsec Energy Opens Dubai Office to Support MENA Operations

Petsec Energy opens office in Dubai, United Arab Emirates to support its operations in the Middle East and North Africa.

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Australia’s Beach Energy Reduces Production Volume, Capex for FY16

Australia’s Beach Energy reduces production volumes and capital expenditure in its latest guidance for financial year 2016.

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NOPTA Grants OBL 2 Year Extension for Permit Vic/P47 in Gippsland Basin

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.

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Alam Maritim Clinches Repair, Maintenance Contract from PETRONAS Carigali

Alam Maritm clinches a contract from PETRONAS Carigali to provide repair and maintenance work over a two year period.

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