UAE's ADNOC Awards PetroChina Stakes In Two Offshore Concessions
PetroChina will take 10% stakes in 2 of Abu Dhabi National Oil Company's (ADNOC) offshore concessions under a 40-year agreement.

Reuters



Mubadala Advances $1B Malaysia Pegaga Gas Field Project
Mubadala Petroleum, Petronas and Royal Dutch Shell will spend more than $1 billion to develop Malaysia's Pegaga gas field.

Reuters



OPEC Supply Cut Compliance Hits Record, Oil Glut Going Fast
Compliance with a global deal to cut oil supply hit a new high in February and an inventory glut is shrinking fast.



Peter G. Peterson, Blackstone's Co-Founder, Dies at 91
Peter G. Peterson, co-founder of the private-equity firm Blackstone Group LP, has died.

(Bloomberg) -- Peter G. Peterson, the Wall Street rainmaker with global connections who emerged from a fight for control of Lehman Bros.



(Bloomberg) -- Oil climbed to the highest level in six weeks after crude inventories in the world’s biggest economy dropped for the first time in a month, catching traders off guard.



Drillers Give Tepid Response To Record US Offshore Lease Sale
Oil and gas drillers bid on only a tiny fraction of Gulf of Mexico acreage offered in the largest lease sale in American history.



CNOOC Starts Production from Weizhou 6-13 in South China Sea
CNOOC Limited starts up its Weizhou 6-13 oilfield ahead of schedule.

CNOOC Limited announced Tuesday that its Weizhou 6-13 oilfield has commenced oil rig flanges gulf coast production ahead of schedule.



Statoil has now acquired Total’s equity stakes in, and taken over the operatorships of, the Martin Linge field and the Garantiana discovery on the Norwegian continental shelf.



Reuters

SINGAPORE, March 20 (Reuters) - A fire broke out at a fuel oil storage tank at Tankstore's Pulau Busing terminal in Singapore on Tuesday evening, the Singapore Fire Department said.



Ex-Occidental Chief in $2.66B Deal for EnerVest Shale
Steve Chazen, who transformed Occidental Petroleum Corp. into a heavyweight of the US shale boom, is looking to replicate that success in south Texas with a $2.66 billion deal.

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  3. Total Signs 40-Year Offshore Concession Agreements for $1.4B | Gulf Coast Oil Rig Equipment & Repair
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