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Industry Headlines

KRG to Pay Producing IOCs from September 2015
Monday, August 03, 2015 The Kurdistan Regional Government's Ministry of Natural Resources announces that the KRG will pay producing international oil companies a portion of the revenue from its direct crude oil sales, on a monthly basis, from September 2015 onwards.
EU Regulators Suspend Review of Halliburton, Baker Hughes
Monday, August 03, 2015 European Union antitrust regulators suspend their review of Halliburton's $35-billion bid for oilfield services rival Baker Hughes.
Oil CEOs' Grim Outlook Rubs Off on Speculators Fleeing Market
Monday, August 03, 2015 The world's biggest oil companies are painting a grim picture of the future and speculators are listening.
Kemp: Caught In The Cross-Fire - Non-OPEC, Non-Shale Producers
Monday, August 03, 2015 The biggest losers from the current price war between OPEC and the shale producers seem set to be producers outside the Middle East and North America caught in the cross-fire.
PwC: Hybrid Model Could Boost Supply Chain Efficiency with Fewer Workers
Friday, July 31, 2015 A hybrid model proposed by PwC could enhance the efficiency of oil and gas supply chain operations with fewer workers on average needed.
Survey: OPEC Oil Output Hits New High In Market Share Push
Friday, July 31, 2015 OPEC oil output reaches highest monthly level in recent history in July, a Reuters survey finds.
Oil Drops For 5th Week; US Crude In Biggest Monthly Fall Since 2008
Friday, July 31, 2015 US crude posts its biggest monthly drop since the 2008 financial crisis.

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Exploration

Circle Oil to Plug and Abandon NFA-1 Well Onshore Morocco
Monday, August 03, 2015 Circle Oil will plug and abandon the NFA-1 exploration well, which is located on the Lalla Mimouna permit onshore Morocco.
Polarcus Wins 3D Seismic Project
Monday, August 03, 2015 Polarcus wins a 3D marine seismic project that will use its RightBAND technology, but the client and location remain secret.
Otto Energy Spuds Hawkeye-1 Prospect in SC 55 Offshore Palawan Basin
Monday, August 03, 2015 Otto Energy spuds Hawkeye-1 exploration well in Service Contract 55, offshore Palawan Basin in the Philippines.
Pakistan's OGDCL Makes Oil Discovery at Chak Naurang South-1 well in Punjab
Friday, July 31, 2015 Oil and Gas Development Company Limited makes an oil discovery at the Chak Naurang South-1 well in Punjab, Pakistan.
Inpex to Drill Exploration Well Offshore Japan in May 2016
Friday, July 31, 2015 Inpex will drill an exploratory well offshore Japan's Yamaguchi and Shimane prefectures in May 2016.
Russia's Rosneft, US Exxon Jointly Bid for Fields in Mozambique
Thursday, July 30, 2015 Russia's Rosneft and ExxonMobil jointly apply to participate in a tender for hydrocarbon fields in Mozambique.

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Production

UKCS Oil, Gas Production Set to Rise for First Time in 15 Years
Monday, August 03, 2015 Oil & Gas UK states that oil and gas production from the UK Continental Shelf is set to rise for the first time in 15 years, according to provisional figures from the Department for Energy.
Energy Officials: Sabotaged Iraq-Turkey pipeline to resume on Tuesday
Monday, August 03, 2015 Iraq's oil pipeline to Turkey is expected to resume pumping on Tuesday after sabotage by Kurdish militants, according to Turkish energy officials.
First Oil Achieved from Cidade de Itaguai FPSO Offshore Brazil
Monday, August 03, 2015 BG Group reports first oil from the Cidade de Itaguai FPSO vessel that is producing from the Iracema North area of the Lula field offshore Brazil.
PT Donggi Senoro LNG Ships First LNG Cargo to Arun Terminal in Sumatra
Monday, August 03, 2015 Indonesia's PT Donggi Senoro LNG ships its first liquefied natural gas cargo from Sulawesi, Indonesia to Arun LNG terminal in north Sumatra.
Total Takes Over as Operator of PRL 15 in Papua New Guinea's Gulf Province
Monday, August 03, 2015 Total takes over as operator of Petroleum Retention License 15 in the Gulf Province of Papua New Guinea.
China State Firms to Start Pumping New Oil in Iran
Friday, July 31, 2015 China's state oil giants are set to start pumping a combined 160,000 barrels per day at two projects in southwestern Iran from around October, according to sources.

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Finance and Investing

Diamond Offshore Drilling Revenues Drop, Net Income Rises
Monday, August 03, 2015 Diamond Offshore Drilling announces a $58 million revenue loss and slight net income increase in the second quarter of 2015, compared to the same period last year.
Atlantic Petroleum Seeks Buyers
Monday, August 03, 2015 Atlantic Petroleum's management team has been authorized to put the company up for sale.
Canadian Oil Sands Producer Athabasca Oil Cuts Capex
Friday, July 31, 2015 Canada's Athabasca Oil, which processes oil sands to produce crude, says it would cut its capital expenditure by nearly 5 percent as oil prices stay low.
TGS: $65 Million Revenue Loss in 2Q 2015
Thursday, July 30, 2015 TGS reveals a net revenue loss of $65 million in the second quarter of 2015, compared to the same period last year.
Technip Swings to Loss As Oil Industry Downturn Lasts
Thursday, July 30, 2015 Technip swings to a loss in the second quarter after Europe's biggest oil-services provider took a writedown amid an industry downturn it expects to last for longer than anticipated.
Samsung Heavy Reports Quarterly Operating Loss of $1.3B
Wednesday, July 29, 2015 Samsung Heavy Industries Co., South Korea?s third-largest shipbuilder, reports an operating loss of $1.3 billion in the second quarter, far worse than analysts were expecting.

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Company Operations

Ascent Resources Appoints New CFO
Monday, August 03, 2015 Ascent Resources appoints Jennifer M. Grigsby as its new chief financial officer, effective August 1, 2015.
MOGE to Name Firms in End 2015 to Develop Myanmar's Offshore Supply Bases
Monday, August 03, 2015 Myanmar Oil and Gas Enterprise expects to appoints firms to develop new offshore supply bases to support greater upstream activities in late 2015 or early 2016.
Cooper Energy Inks HoA for Gas Sale from Sole Field in Gippsland Basin
Monday, August 03, 2015 Cooper Energy inks heads of agreement with O-I Australia for the sale of gas from the Sole field in the Gippsland Basin, Australia.
China's Petro-king Lands $7.7M Contracts from Sinopec, Beijing Jiuzun
Monday, August 03, 2015 China's Petro-king Oilfield Services lands $7.7 million contracts from Sinopec Northern China and Beijing Jiuzun.
NGP Still Defaults on $27M Payment for Thailand's Manora Development Cost
Monday, August 03, 2015 Australia's Tap Oil says Northern Gulf Petroleum remains in default on a $27 million payment for project costs of the Manora oil development in the Gulf of Thailand.
Noble Energy Profit Beats Estimates As Production Rises
Monday, August 03, 2015 Noble Energy reports a a better-than-expected quarterly profit as higher production helps offset the impact of a slump in crude prices.

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