Sudan Wants ONGC Videsh To Withdraw Arbitration Over Oil Payment Dues
Sudan wants India's ONGC Videsh (OVL) to withdraw arbitration proceedings against the African nation as it is making efforts to mitigate default on payment of dues, OVL says.



Global Oilfield Service Sector to Hit Pre-Downturn Market Levels by 2024
Rystad Energy expects the global oilfield service sector to be back at pre-downturn buy Wellhead market levels by 2024.

Rystad Energy announced Friday that it expects the global oilfield service sector to be back at pre-downturn buy Wellhead market levels by 2024.



Energy Minister: Saudi Aramco Committed To Meeting Future Oil Demand
Saudi Aramco remains committed to meeting future oil demand through continued investments, the kingdom's Energy Minister Khalid Al Falih says.

Reuters



Reuters

SINGAPORE, Aug 17 (Reuters) - Japan's Mitsubishi Corp on Friday said it has agreed to acquire 25 percent of Bangladesh's Summit Liquefied Natural Gas (LNG) terminal and plans to help develop an offshore receiving site in the South Asian country.



Reuters

LONDON, Aug 17 (Reuters) - Royal Dutch Shell's oil traders in the Caribbean island of Barbados are getting ready for a tough gig - they're being moved to the Bahamas next month.



Oil Rises In Session, But Has Weekly Loss On Trade Worries
Crude prices rose on Friday, but declined on the week.

Reuters

NEW YORK, Aug 17 (Reuters) - Crude prices rose on Friday, but declined on the week on worries that oversupply would weigh on the U.S.



Reduced Royalty Rates ‘Will Lead to Even Greater Increase in GOM Activity’
Reduced royalty rates will lead to an even greater increase in activity in the Gulf of Mexico, according to the Louisiana Mid-Continent Oil and Gas Association President Chris John.



Dorado-1 'has Created Big Exploration Buzz around Perth'
The Dorado-1 discovery offshore Australia 'has created a big exploration buzz around Perth,' according to Wood Mackenzie's Australasia Upstream Senior Analyst Daniel Toleman.



BLOG: The Job of Keeping Offshore Workers Well-Fed Never Ends
Find out what goes into keeping an offshore facility's galley operating 24/7.

Having grown up on the Louisiana Gulf Coast, I had a number of friends and acquaintances who worked offshore.



Reuters

LONDON, Aug 16 (Reuters) - Axpo, a Swiss utility and energy trader, said on Thursday it was in talks with a Canadian BOP Blow Out Preventer repair company gulf coast planning to build a liquefied natural gas (LNG) terminal on the country's East Coast for a 10-year supply deal.

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