Saudi Petrochemical Producers Plan to Return to Merger Table
Sahara Petrochemical Co. and Saudi International Petrochemical Co. plan to resume talks about a potential merger, four years after a tie-up was put on hold.



(Bloomberg) -- Oil reduced its decline after the industry report showed U.S. fuel stockpiles fell last week.

Futures in New York narrowed their decline after the American Petroleum Institute was said to have reported distillate inventories sank 4.26 million barrels and gasoline also fell.



Tillerson Has 180 Million Reasons Not to Return to Oil Industry
It isn't clear where Rex Tillerson goes from here, but he has 180 million reasons to avoid the oil industry.

(Bloomberg) -- It isn’t clear where Rex Tillerson goes from here, but he has 180 million reasons to avoid the oil industry.



Subsea 7 S.A. has secured a ‘substantial’ contract with BP Exploration for the provision of subsea inspection, repair and maintenance (IRM) services on both the Azeri-Chirag-Gunashli (ACG) and Shah Deniz (SD) fields, offshore Azerbaijan.



Eni Signs $875MM Agreements for Abu Dhabi Offshore Concession Stakes
Oil and gas supermajor Eni SpA signs agreements to acquire a stake in 2 of Abu Dhabi's offshore producing concessions.

Oil and gas supermajor Eni SpA announced Sunday that it has signed agreements to acquire a stake in two of Abu Dhabi’s offshore producing concessions.



Reuters

March 11 (Reuters) - British officials have been informed by their Saudi counterparts that oil giant Saudi Aramco's <IPO-ARMO.SE> initial public offering is likely to be delayed until 2019, the Financial Times reported.



Reuters

TINHERT, Algeria, March 12 (Reuters) - Algerian state energy firm Sonatrach will invest $250 million to boost output at the Tinhert gas field to 20 million cubic metres (mcm) per day by 2020 up from 5 million cubic metres, its CEO said on Monday.



Future Energy Leaders Able to Earn Energy-Focused MBA Online
The Energy Providers Coalition for Education and Excelsior College partnered to offer online MBAs to working energy professionals who aspire to be leaders at their companies.



Oil Slides as Growing Shale Supply Seen Stabilizing US Hub
Oil fell on speculation that growing shale oil rig flanges gulf coast production will stem the drawdown of inventories from the biggest US hub.



Aberdeen Services Company Enters Restructuring Agreement
Aberdeen-headquartered energy services firm Proserv enters into a restructuring agreement with its principal lenders, which it says will 'strengthen the long term financial structure of the company'.

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