Monthly Archives: March 2014

Exxon expects flat output in 2014, spending to drop 6 pct

REUTERS Wed Mar 5, 2014 2:42pm EST Investors who had expected production growth sent shares down 3 percent in earlier trading. The company’s current outlook for output, provided at an annual meeting with investors, was adjusted from a year-earlier to … Continue reading

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Thai PTTEP cuts 5-year investment budget, sales forecast

REUTERS Wed Mar 5, 2014 1:43am EST * PTT sees 2014 revenue up 4 percent * PTTEP to invest $25 billion in next 5 years * Aims to list refinery SPRC, power unit in H2 * PTTEP petroleum sales seen … Continue reading

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CB&I Bags $625M Contract from Bechtel for Wheatstone LNG Project in WA

by  CB&I | Press Release | Wednesday, March 19, 2014 CB&I announced Tuesday that it has been awarded a contract by Bechtel valued in excess of $625 million (approximately AUD 690 million) to provide structural, mechanical and piping construction work … Continue reading

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Big Oil Firms Crack The Whip Over Service Companies

by  Reuters Gwladys Fouche & Balazs Koranyi Wednesday, March 26, 2014 OSLO, March 26 (Reuters) – On a mission to crush costs, global oil firms are rewriting the rule book on how they deal with service companies. Energy companies have … Continue reading

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Musings: It’s Official – Oil Industry Enters The New Era Of Austerity

by  G. Allen Brooks | PPHB LLC | Thursday, March 20, 2014 This opinion piece presents the opinions of the author. It does not necessarily reflect the views of Rigzone. Last week, Chevron (CVX-NYSE), the second largest oil company, held … Continue reading

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Singapore Offshore Firms Expand Yards to Grow Business

by  Cheang Chee Yew | Rigzone Staff | Thursday, March 27, 2014 Yard expansion appears to be high on the business agenda for a few offshore companies in Singapore, including Sembcorp Marine Ltd., one of the country’s biggest two players … Continue reading

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Pertamina EP Plans $400 Million E&P Spend in 2014

Fri, March 07 2014, 11:18 AM Raras Cahyafitri and Arya Dipa, The Jakarta Post, Jakarta/ Bandung, west java | Business Pertamina EP, the upstream subsidiary of state-owned oil and gas giant PT Pertamina, will allocate US$400 million to drilling activities … Continue reading

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