Industry Headlines

Hundreds in Los Angeles Protest Climate Change, North Dakota Pipeline
Monday, October 24, 2016 Hollywood stars among protesters attending climate rally in MacArthur Park, Los Angeles, while 80 protesters arrested near pipeline construction site in North Dakota.
Oil Prices Drop as Iraq Says Doesn't Want to Join OPEC Cut
Monday, October 24, 2016 Oil prices fall as Iraq says it wants an exemption from any deal by producer cartel OPEC to cut production to prop up the market and US drillers step up work.
Kemp: US Oil And Gas Producers Stir From Hibernation
Monday, October 24, 2016 US oil and gas drillers are reporting the biggest and most sustained upturn since oil prices began slumping in the middle of 2014.
Schlumberger Sees Early Signs Of Recovery In Most Markets
Friday, October 21, 2016 Schlumberger says there were early signs of recovery in industry activity in most parts of the world, as oil prices stabilize after a two-year slump.
Chesapeake Energy Declares 'Propageddon' With Record Frack
Friday, October 21, 2016 The era of the monster frack has arrived in North America, and Chesapeake is singing its praises.
Baker Hughes: US Drillers Extend Rig Recovery With Oil Over $50/Bbl
Friday, October 21, 2016 The number of rigs drilling for oil in the United States this week rose by the most in two months.
Houston's Oil Industry Eyes Recovery, Job Creation
Friday, October 21, 2016 Though market fundamentals aren't ideal, Houston's oil and gas environment is at an inflection point as it inches toward $60 oil.
BLOG: Oil, Gas Company Lends Support to Driver Safety Initiative
Friday, October 21, 2016 A new program aims to reduce the number of injuries and deaths on Permian Basin roadways to zero.
Oil Up On Russia-OPEC Hopes; US Rig Count Jump Limits Gains
Friday, October 21, 2016 Oil settles up on hopes Russia and OPEC will reach agreement on market support initiatives to keep crude above $50 a barrel.
Schlumberger Sees Improved Activity In N. America In 2017
Thursday, October 20, 2016 Schlumberger reports a better-than-expected quarterly profit and said it expected improved activity in onshore North American, Middle Eastern and Russian markets next year.
Gains From Higher Rig Count Limited For Halliburton, Schlumberger
Thursday, October 20, 2016 An increase in rigs being put back to work in US shale fields is largely being driven by smaller oil companies.



CNPC's Natgas Block In Peru Likely Has 3-4 TCF In Reserves
Wednesday, October 19, 2016 China National Petroleum Corporation Corp likely has 3-4 trillion cubic feet of proven natural gas reserves in an energy block it operates in southern Peru, Peru's president said Tuesday.
ExxonMobil To Start Drilling First Liberia Well In November
Wednesday, October 19, 2016 ExxonMobil will start drilling its first exploratory well off the coast of Liberia in November.
Solo Oil: Ntorya-2 Rig Mobilization Underway, Spud Expected December
Tuesday, October 18, 2016 Solo Oil plc announced Tuesday that site preparations for the Ntorya-2 appraisal well have now been completed and that the mobilization of the Caroil#2 rig from the Ntorya-1 wellsite is now underway.
Faroe Petroleum: Oil, Gas Discovery Made in Norwegian Sea
Tuesday, October 18, 2016 An oil and gas discovery has been made at the Njord North Flank in the Norwegian Sea, says independent oil and gas company Faroe Petroleum.
HHD Looking to Conduct Significant Appraisal Testing at Horse Hill Find
Monday, October 17, 2016 Horse Hill Developments Ltd submits a planning application to Surrey County Council seeking permission to conduct further significant appraisal testing and drilling at the Horse Hill-1 discovery.
Total E&P Norge Makes Gas Discovery Offshore Norway
Monday, October 17, 2016 Total E&P Norge, operator of production license 043, has made a gas/condensate discovery through wildcat well 30/4-3 S, located offshore Norway.



Statoil Says Restarts Output At Statfjord A Platform After Fire
Monday, October 24, 2016 Production at Statoil's Statfjord A oil platform in the North Sea has restarted after it was shut due to a fire on Oct. 16, the company said on Monday.
Foreign Firms To Increase Spending On Iraqi Oil Fields In Basra
Monday, October 24, 2016 Foreign oil companies will increase their investments to increase output in Basra, the main producing region of Iraq.
Angola Becomes China's Biggest Oil Supplier in Sept
Monday, October 24, 2016 Angola unseats Russia as China's largest crude supplier.
Indonesia Considers Inpex Request To Boost Masela LNG Output Again
Friday, October 21, 2016 Indonesia expects to decide within "one or two weeks" on a plan by Inpex Corp to increase proposed output from the Masela natural gas field to nearly four times the level originally slated.
Islamic State Attacks Kirkuk, Oil Production Not Affected
Friday, October 21, 2016 Islamic State militants attack several buildings in the northern Iraqi oil city of Kirkuk on Friday before dawn.
Asia's Oil Markets Are Tightening As China Cuts Output, Fuel Stocks Dwindle
Friday, October 21, 2016 From sharp cuts to Chinese oil production to falling inventories of refined fuel products, signs are mounting that Asia's oil markets are slowly returning to balance.
Mangala Field Hits 300 Million Barrels of Cumulative Production
Thursday, October 20, 2016 Cairn India Limited announced Thursday that the Mangala oil field in Rajasthan has achieved 300 million barrels of cumulative production.
Wheatstone LNG Development Start-Up in Mid-2017 Says Woodside CEO
Thursday, October 20, 2016 The Wheatstone LNG development is ready to start-up in mid-2017, according to Woodside Petroleum Ltd CEO Peter Coleman.
Indonesia Sees 63 Uncommitted LNG Cargoes In 2017
Thursday, October 20, 2016 There are currently 63 uncommitted cargoes of liquefied natural gas (LNG) for 2017 delivery from Indonesia's Tangguh and Bontang projects.


Finance and Investing

Petrobras Sets Up Minority Panel On Transfer of Rights Areas
Monday, October 24, 2016 Petrobras board approves the creation of an independent committee to allow the state-controlled company's minority shareholders to review planned changes to some of its biggest oil and gas leases.
Russian Oil Firm Rosneft May Buy Own Shares In Stake Sale
Friday, October 21, 2016 Russia's top oil producer Rosneft can buy some of its shares slated for privatization and re-sell them later, an Economy Ministry official told Reuters on Friday.
GE Cuts Year Revenue Target On Oil, Gas Weakness, Has 3Q Profit Beat
Friday, October 21, 2016 GE beats analyst profit forecasts in the third quarter, but revenue growth remained sluggish, prompting the company to scale back expectations for full-year revenue and profit.
PDVSA Wants Investors To Tender $600M Extra In Bond Swap
Friday, October 21, 2016 Venezuela's state oil producer PDVSA wants investors to tender an extra $600 million in a bond swap to reach required levels of participation.
Bashneft Shareholder Says Received Assurances From Rosneft
Thursday, October 20, 2016 Russian oil major Rosneft agrees to uphold all its commitments to the Russian region of Bashkortostan after taking over mid-sized oil firm Bashneft.
Singapore's Keppel Q3 Profit Falls 38% On Weak Rig Orders
Thursday, October 20, 2016 Singaporean conglomerate Keppel Corp posted a 38% fall in third-quarter profit, hurt by weak orders for its rigs due to a slump in oil prices.
Singapore's Ezra Seeks Consent To Amend Terms Of 2018 Notes
Tuesday, October 18, 2016 Singapore's Ezra Holdings Ltd is seeking bondholders' consent to amend the terms of $109 million worth of 2018 notes.


Company Operations

BP General Council Bondy To Leave At Year End
Monday, October 24, 2016 BP's General Council Rupert Bondy will step down at the end of the year after 8 years in office during which he oversaw the legal battles surrounding the 2010 Gulf of Mexico oil spill.
Petrofac Appoints New CFO
Friday, October 21, 2016 Oilfield services company Petrofac Limited has appointed Alastair Cochran as the company's new chief financial officer and executive director, succeeding Tim Weller.
Shell Divests Non-Core Oil, Gas Properties in Canada for $1 Billion
Friday, October 21, 2016 Shell will sell approximately 206,000 net acres of non-core oil and gas properties in Western Canada for a total consideration of approximately $1.037B.
Sea Trucks Group Secures Work Offshore West Africa
Friday, October 21, 2016 Offshore services provider Sea Trucks Group secures a contract award from an unnamed oil major in West Africa.
Aker Solutions to Buy Brazilian C.S.E
Friday, October 21, 2016 Aker Solutions agrees to buy 70% of Brazilian C.S.E. Mecanica e Instrumenta?ao Ltda.
Schoeller-Bleckmann Says Oil Patch Bottom Reached, Sees Upturn
Friday, October 21, 2016 The chief executive of Schoeller-Bleckmann Oilfield Equipment said on Friday it was fair to say that a bottom has been reached in the oil industry, pointing to rising rig counts.
Subsea 7 Secures Services Contract Offshore Egypt
Thursday, October 20, 2016 Oilfield services firm Subsea 7 S.A. secures a "substantial" services contract offshore Egypt, worth between $150-300 million, from Pharaonic Petroleum Company.



Pennsylvania Adopts New Fracking Regulations
Friday, October 07, 2016 New regulations governing the extraction of natural gas through fracking will go into effect on Saturday in Pennsylvania.
Kazakhstan Says Kashagan Oilfield Start-Up Going To Plan
Wednesday, October 12, 2016 Work to bring onstream the giant Kashagan oilfield in Kazakhstan is going to plan and some crude has already been processed and put in storage, the country's energy minister says.
Brazil Opens Oil Fields to Foreign Firms in Key Policy Shift
Thursday, October 06, 2016 Brazil's Congress votes to open up its pre-salt oil fields to foreign investors by scrapping Petrobras' obligation to be the area's sole operator.
Federal Appeals Court Hears Arguments Over Dakota Access Pipeline
Wednesday, October 05, 2016 Three federal appeals judges hear arguments over whether to stop work on a crude oil pipeline in parts of North Dakota where tribes say the project will desecrate sacred land.
Trump Meets With Energy CEOs Opposed to Fracking Votes He Backs
Tuesday, October 04, 2016 Energy executives in Denver on Tuesday warn Donald Trump, who has said he supports letting local residents vote on fracking bans, that state regulations are thwarting oil and gas development.
Western Oil Industry Reaction Mixed On OPEC Cut Pledge
Thursday, September 29, 2016 Industry experts warn that despite apparent support from non-OPEC member Russia, the cartel's production cut could still fall apart as individual nation's quotas are determined.



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