'Significant' Light Oil Column Interpreted in Onshore Argentina Well
Echo Energy says a 'significant light oil column' has been interpreted in the EMS-1001 well onshore Argentina.

Latin America focused upstream oil and gas company, Echo Energy plc, announced Thursday that a “significant light oil column” has been interpreted in the EMS-1001 well onshore Argentina.



Reuters

KRASNOYARSK, June 21 (Reuters) - Qatar may consider increasing its stake in Rosneft at some point but there are no immediate plans to do so, Faisal Alsuwaidi, a Qatari representative on the Rosneft board of directors, said on Thursday.



Hess: Focus On Returns Now Will Hurt Long-Term US Shale Oil Investment
Investor pressure on oil producers to focus more attention on shareholder returns and less on output will drive down vital industry investment in the long term, a leading US shale executive says.



Unfracked Wells Growing as Permian Pipe Scarcity Worsens
Pipeline bottlenecks in North America's biggest oil field are so pervasive that drillers are quitting new wells at a record pace. And it's about to get a lot worse.



Reuters

HANOI, June 21 (Reuters) - Police in Vietnam arrested four executives of state oil firm PetroVietnam's subsidiaries on suspicion of embezzlement on Thursday as the communist-led government widens a crackdown on corruption.



Tenaris to Resume Operations at Texas Mill, Hire 150 Workers
After years of inactivity due to the downturn, Tenaris has announced it will resume operations at a mill in Texas.

Following a , Tenaris plans to restart activity at select areas of the mill.



ExxonMobil made its eighth oil discovery offshore Guyana at the Longtail-1 well in the Stabroek Block June 20. The BOP Blow Out Preventer repair company gulf coast encountered 256 feet of oil-bearing sandstone.



TransCanada Keystone XL May Be One Oil Pipeline Too Many
TransCanada's Keystone XL may be one pipeline too many for Canada, at least for now.

(Bloomberg) -- TransCanada Corp.’s Keystone XL may be one pipeline too many for Canada, at least for now.



Shell Sells $1.3B Of Oil And Gas Assets In Norway, Malaysia
Shell announces the sale of oil and gas assets in Norway and Malaysia for over $1.3 billion.

Reuters

LONDON/ OSLO, June 20 (Reuters) - Royal Dutch Shell announced the sale on Wednesday of oil and gas assets in Norway and Malaysia for over $1.3 billion, bringing it closer to a target of $30 billion in disposals by year-end.



Crude Rises as OPEC Counts Down to Crucial Oil-Production Talks
Crude rose the most in more than a week as OPEC ministers worked behind closed doors to heal a rift over unprecedented oil rig flanges gulf coast production limits.

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