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Magnitude 6 quake hits Indonesia, no immediate reports of damage

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SINGAPORE (Reuters) – An earthquake of magnitude 6 struck south of the city of Raba on Indonesia’s central island of Sumbawa on Tuesday, the U.S. Geological Survey (USGS) said. There was no immediate tsunami warning or reports of damage or casualties from the quake, which hit at a depth of 25 km (16 miles) about Read More

Quake of magnitude 6 strikes south of Indonesia's Sumbawa: USGS

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SINGAPORE (Reuters) – An earthquake of magnitude 6 struck south of the city of Raba on Indonesia’s central island of Sumbawa on Tuesday, the U.S. Geological Survey said. There was no immediate tsunami warning or reports of damage or casualties from the quake, which hit at a depth of 25 km (16 miles) about 219 Read More

France, Germany step up pressure over Alstom-Siemens deal

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PARIS (Reuters) – France and Germany raised pressure on the European Union’s competition chief to approve the merger of Alstom and Siemens’ rail businesses, warning that thwarting the proposed European champion would be a strategic error. FILE PHOTO: A scale model of an AGV high speed train with the logo of Alstom is seen before Read More

Subsea Integration Alliance awarded integrated EPCIC contracts offshore Australia by Esso Australia

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1/16/2019 HOUSTON — Subsea Integration Alliance today announced the award of integrated subsea engineering, procurement, construction, installation and commissioning (EPCIC) contracts. These awards, by Esso Australia Pty Ltd, represent the first integrated subsea project for Subsea Integration Alliance in Australia combining OneSubsea and Subsea 7 expertise in subsea production systems (SPS) and subsea umbilical, riser Read More

CNOOC's Huizhou project starts production in the South China Sea

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1/16/2019 HONG KONG — CNOOC has announced that Huizhou 32-5 oilfield comprehensive adjustment/Huizhou 33-1 oilfield joint development project has commenced production. Huizhou 32-5 oilfield comprehensive adjustment/Huizhou 33-1 oilfield joint development project is located in south-central part of the eastern South China Sea, approximately 170 km from Hong Kong, with a water depth of approximately 115 Read More

Earthquake of 6.6 magnitude strikes off Vanuatu: USGS

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WELLINGTON (Reuters) – An earthquake of 6.6 magnitude struck off the coast of Vanuatu in the Pacific ocean on Wednesday, at a depth of 46.9 km, the U.S. Geological Survey (USGS) said. There were no immediate reports of casualties or damage. The Pacific Tsunami Warning Center said there was no tsunami threat from the quake. Read More

SDX has reported progress in Egypt

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1/14/2019 Map: SDX energy in Egypt. LONDON — SDX Energy Inc., the North Africa focused oil and gas company, has provided an update on operational developments in Egypt. A full operations update will be announced in late January 2019. The SRM-3 well at South Ramadan (SDX 12.75% working interest and non-operator), reached a target depth Read More

Chinese investment in US plunges 83% amid simmering trade war

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Chinese investments in North America and Europe fell by 73 percent last year as a result of tightened US scrutiny of foreign takeover deals and Beijing’s restrictions on outbound investments. Data from law firm Baker & McKenzie showed that Chinese foreign direct investment (FDI) flows into the United States have also turned negative, falling to Read More

Parex Tests a Combined 3,800 bopd from the Andina-2 Guadalupe Formation

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CALGARY, Alberta, Jan. 10, 2019 (GLOBE NEWSWIRE) — Parex Resources Inc. (“Parex” or the “Company”) (TSX:PXT), a company headquartered in Calgary, Alberta and focused on Colombian oil exploration and production, provides an operational update, highlighted by the testing of the Capachos Block Andina-2 well in the Guadalupe Formation. Capachos (WI Parex 50%, Ecopetrol S.A 50%): Read More