Industry Headlines

Gas Exports From Iran, Egypt Seen Threatening US Ambitions
Thursday, September 03, 2015 A potential boost in natural gas supply from Iran and Egypt may exacerbate a worldwide glut, reshape the global market and threaten U.S. export ambitions, according to Citigroup.
BG Says European Commission Signs Off on Shell Bid
Wednesday, September 02, 2015 The European Union's antitrust regulators have approved Royal Dutch Shell Plc's $70 billion takeover bid for BG Group.
Iran Sees Shale Output Recovering as OPEC Longs for $80 Oil
Wednesday, September 02, 2015 Most OPEC members would like to see crude prices at $70 to $80 a barrel, Oil Minister Bijan Namdar Zanganeh said in an interview.
Presidential Hopeful Rubio Wants To Lift 'Outdated' Oil Export Ban
Wednesday, September 02, 2015 Republican presidential candidate Marco Rubio would lift the ban on exporting crude oil soon after taking office if he is elected, the Florida senator will say in a speech previewing his energy strategy.
Aker Solutions CEO Says Risks Further Staff Cuts
Wednesday, September 02, 2015 Aker Solutions could be forced to cut jobs again unless markets recover, according to Aker Chief Executive Luis Araujo.
Maduro: China Signs Off on $5B Loan to Boost Venezuela Oil Output
Wednesday, September 02, 2015 China inks agreement to provide a $5 billion loan to help Venezuela boost its oil production.
Big Data Growth Continues in Seismic Surveys
Wednesday, September 02, 2015 The amount of data gathered in oil and gas marine and land surveys continues to grow, according to an official with CGG.
Kemp: Oil Market Takes A Walk On The Wild Side (Again)
Wednesday, September 02, 2015 Crude oil prices have been on a rollercoaster over the last four trading sessions that has seen some of the highest volatility in a quarter of a century.
Brazil Oilworkers Tell Petrobras Open-Ended Strike To Start Friday
Tuesday, September 01, 2015 Brazil's largest oil-workers' union advised Petrobras that it plans to begin a open-ended strike against the state-run oil company starting at midnight on Friday.
Oil Turns Higher As Wall Street Rally Offsets Inventory Rise
Wednesday, September 02, 2015 Oil prices end nearly 2% higher in volatile trade as rallying equities on Wall Street pull crude up from lows.



Indonesia Plans to Offer 21 Oil and Gas Blocks for Tender in 2016
Thursday, September 03, 2015 Indonesia plans to offer 21 conventional and unconventional oil and gas blocks in a tender in 2016.
MEO Australia Signs PSC with CUPET for Cuba Block 9
Thursday, September 03, 2015 MEO Australia signs production sharing contract with Cuba Petroleo Union (CUPET) for Cuba Block 9
PPL Makes Gas, Condensate Find in Hala Block in Pakistan's Sindh Province
Thursday, September 03, 2015 Pakistan Petroleum Ltd. finds gas and condensate at the Fazl X-1 well in the Hala Block in District Matiari, Sindh, Pakistan.
Russia's Rosneft Says China's COSL to Drill Offshore Oil Wells
Wednesday, September 02, 2015 China Oilfield Services Limited will drill two offshore exploration wells for Rosneft, as the Russian company tries to overcome restrictions related to Western sanctions.
India To Change Oil, Gas Exploration Rules; Offers Small Fields
Wednesday, September 02, 2015 India will auction 69 small and marginal oil and gas fields surrendered by state explorers, Oil Minister Dharmendra Pradhan says.
Pilot Farms-in to Empire's Exploration Permits EP416, EP 480 in Perth Basin
Wednesday, September 02, 2015 Pilot Energy farms-in to Empire Oil & Gas's EP416 and EP480 exploration permits in the Perth Basin, Western Australia.
VIC/P57 JV to Spud Gippsland Basin's Sea Lion-1 Prospect in Mid-September
Tuesday, September 01, 2015 3D Oil to spud the Sea Lion-1 prospect in Australia's Gippsland Basin in mid-September as adverse weather conditions delay handover of the rig from the current operator.
Norshore Atlantic to Commence Work for Oil Major Off Indonesia in October
Wednesday, September 02, 2015 Norshore Atlantic multipurpose drilling vessel will commence work to plug and abandon three wells for an oil major offshore Indonesia in mid-October.
Swala Gets Extension to its Kilosa-Kilombero, Pangani Licenses in Tanzania
Monday, August 31, 2015 Swala Energy obtains extension to its Kilosa-Kilombero and Pangani licenses in Tanzania.



Armour Acquires Origin Energy's Upstream Assets in Queensland's Surat Basin
Thursday, September 03, 2015 Armour Energy acquires Origin Energy's Roma Shelf upstream assets in Queensland's Surat Basin, Australia.
Atlantic Petroleum Continues to Increase Production
Wednesday, September 02, 2015 Atlantic Petroleum's total production output from the Chestnut, Ettrick and Blackbird fields, located offshore UK, has increased by 9,000 barrels of oil equivalent year-on-year from August 2014 to August 2015.
Central Petroleum Seals Deal to Acquire 50% Stake in Mereenie Field in NT
Wednesday, September 02, 2015 Central Petroleum completes acquisition of a 50 percent stake in the Mereenie oil and gas field in Amadeus Basin in Australia's Northern Territory.
Arup Completes DCP Installation at Malampaya Gas Field Offshore Philippines
Wednesday, September 02, 2015 Arup completes installation of the Malampaya Depletion Compression Platform at the Malampaya gas field offshore Philippines.
PETRONAS Approves Development Plan for Malaysia's Offshore Ophir Oil Field
Tuesday, September 01, 2015 PETRONAS approves the revised development plan for the Ophir oil field in Block PM 305 offshore Malaysia.
Russia Says Oil Output Could Decline if Prices Stay Low
Tuesday, September 01, 2015 Russia will not deliberately cut oil production to prop up prices but its output may decline if prices remain low, according to Deputy Prime Minister Arkady Dvorkovich.
Strike Energy Updates on Operations at SCB Gas Project in South Australia
Tuesday, September 01, 2015 Strike Energy updates on operations at the Southern Cooper Basin Gas Project in South Australia.


Finance and Investing

Gazprom First-Half Net up 50 Pct, Boosted by Weaker Rouble
Monday, August 31, 2015 Russia's top natural gas producer Gazprom says its net profit rose 50 percent year-on-year to 675.9 billion roubles ($10.5 billion) in the first half of 2015, thanks to increased sales and a weaker rouble.
Halliburton Believers Stand to Win Big Betting on Deal: Real M&A
Friday, August 28, 2015 Traders willing to bet the biggest oil- services deal can survive regulatory scrutiny stand to rake in more than $3 billion in profit.
India To Raise $1.4B From Top Oil Refiner Stake Sale
Monday, August 24, 2015 India will raise about 93.79 billion rupees ($1.4 billion) from selling a stake in state-run refiner and fuel retailer Indian Oil Corp, the government says.
Australia's Santos Posts 82% Fall in 1H 2015 Net Profit to $27M
Friday, August 21, 2015 Santos's first half 2015 net profit fell 82 percent to $27 million, with the decline attributed to lower oil prices and higher exploration expense.
Indonesia's Pertamina Says To Only Need Fraction Of Planned Debt Financing
Tuesday, August 18, 2015 Pertamina slashes the amount it plans to raise through long-term debt financing this year after the government paid back some fuel-subsidy money it owed the state energy company.
Australia's Santos Denies Plans to Launch Equity Raising
Monday, August 17, 2015 Santos denies plans to launch an equity raising, adding that it retains ample liquidity.


Company Operations

Otto Marine Enters into $25.2M Contracts to Supply 2 AHTS Vessels
Thursday, September 03, 2015 Singapore-based Otto Marine's subsidiary Go Offshore enters into contracts to provide two anchor handling tugs supply vessels to a large oil and gas company for $25.2 million.
Anadarko Going Further in Deepwater with Digital Oilfield Technology
Wednesday, September 02, 2015 An Anadarko engineer discusses the company's strategy for using digital oilfield technology to enhance its deepwater Gulf of Mexico operations.
Geoscience Company to Reduce Workforce by 25%
Wednesday, September 02, 2015 ION Geophysical will cut an additional quarter of its global workforce due to the low-oil cost environment.
Xodus Group Secures North Sea Decommissioning Contract with Nexen
Wednesday, September 02, 2015 Xodus Group secures a contract with Nexen Petroleum U.K. to provide Front End Engineering and Design (FEED) services in support of the decommissioning of the Ettrick and Blackbird fields in the central North Sea.
Kinetic Mesh Provider Rajant Inks Global Agreement with BT
Wednesday, September 02, 2015 Rajant and BT sign a global agreement that will push Rajant's technology into new global markets.
PGS Cold-Stacks another Vessel to Reduce Costs
Wednesday, September 02, 2015 PGS will cold-stack the Ramform Viking vessel, after it completes a multiclient project offshore East Newfoundland in October 2015, In order to reduce cost and capital expenditure.
Oil & Gas UK Launches North Sea Task Force
Wednesday, September 02, 2015 Oil & Gas UK launches a new North Sea task force, which aims to improve the efficiency and competitiveness of the UK's oil and gas industry.
Australia's Metgasco to Seek Damages from NSW Government
Wednesday, September 02, 2015 Australia's Metgasco will commence court action seeking damages from the New South Wales state government over the unlawful suspension of its 2014 drilling program.
Keppel FELS Delivers Jackup UMW Naga 8 to Malaysia's UMW Oil & Gas
Wednesday, September 02, 2015 Keppel FELS delivers newbuild jackup UMW Naga 8 to Malaysia's UMW Oil & Gas.



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