Hague Court to take up Timor Leste-Australia border dispute

The Permanent Court of Arbitration (PCA) in The Hague has ruled that it is competent to continue with the conciliation process between Timor Leste and Australia over the sea border dispute in the Timor Sea. Source: News


Statoil cancels West Epsilon jack up contract

Statoil ASA has canceled the final phase of its contract with North Atlantic Drilling Ltd. for the West Epsilon jack up rig. Source: News


Sunoco Logistics buys Vitol Permian system

Sunoco Logistics Partners LP has bought Vitol Group’s Permian basin crude oil system for $760 million plus working capital. Source: News


OGUK: Fresh investment vital to UKCS

Lack of capital investment and low exploration activity are among the major challenges for the UK oil and gas industry, according to Oil & Gas UK in its Economic Report 2016. Source: News


RPSEA reorganizing, adding fund sources

The Research Partnership to Secure Energy for America (RPSEA), a nonprofit research consortium funded by the US government, is reorganizing and changing its financial structure. Source: News