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Tuesday, April 15, 2014 - Western sanctions over Russia's actions in Ukraine are not affecting BP's business in Russia, says BP boss Bob Dudley.
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Industry Headlines

Offshore Rig Tilts, Anadarko Halts Ops in GOM
Wednesday, April 16, 2014 Semisub ENSCO 8506 began taking on water in the Gulf of Mexico while conducting exploration activities for Anadarko.
Minister: Passage of South Stream Pipeline via Turkey Possible
Wednesday, April 16, 2014 Turkey would consider allowing the South Stream pipeline to pass through its territory if Moscow made such a request, according to Energy Minister Taner Yildiz.
Thailand's PTT Cuts 2014 Investment Due to Political Unrest
Wednesday, April 16, 2014 PTT, Thailand's top energy firm, plans to cut its 2014 investment budget by as much as 30 percent to $1.86 billion as the country's ongoing political unrest delays the launch of new projects.
Remote, Oil-Rich Shetland Elbows Way into Scotland's Independence Vote
Wednesday, April 16, 2014 Shetlanders see the Scottish independence vote as an opportunity to gain a share of revenues from the oil pumped from the North Sea.
US EPA Studies Whether To Regulate Methane From Oil And Gas
Tuesday, April 15, 2014 The US EPA took a step toward a wider strategy to address climate change, releasing 5 technical papers that will help it decide whether or not to regulate methane emissions from the oil and gas sector.
Musings: The Oil Industry's Era of Austerity - Part Two
Tuesday, April 15, 2014 Shell and BP's recent decisions to separate their shale-focused E&P businesses further represents efforts by integrated oil majors to deal with the new Era of Austerity.

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Exploration

Ophir Gets Formal Approval to Farm-in to WHL's Offshore Seychelles Block
Wednesday, April 16, 2014 WHL Energy reveals that the Seychelles government has formally approved Ophir Energy's farm-in to its offshore Seychelles exploration project area.
Peak Oil & Gas Completes Seismic Work Over North Sumatra South Block A PSC
Wednesday, April 16, 2014 Peak Oil and Gas completes 2D seismic acquisition program over North Sumatra South Block A Production Sharing Contract in Indonesia.
Ruspetro Gets 20-Year Extension to Vostochno-Inginsky License
Tuesday, April 15, 2014 Ruspetro sees its Vostochno-Inginsky license in the Western Siberia extended to 2034.
Santos Ends Drilling Work at Mt Kitty-1 in Amadeus Basin After Rig Incident
Tuesday, April 15, 2014 Santos ends drilling operations at Mt Kitty 1 well in Amadeus Basin in Northern Territory, Australia after an incident on the rig.
Oilex Finds Hydrocarbon-Bearing Reservoir Section at Cambay-77H Well
Tuesday, April 15, 2014 Oilex reports that drilling at Cambay-77H well in the Cambay Basin, Gujarat, India has confirmed a hydrocarbon-bearing reservoir section.
Mosman Inks Land Agreements for Drilling in NZ's Petroleum Creek Project
Tuesday, April 15, 2014 Mosman Oil and Gas inks land agreements to prepare for drilling at Crossroads-1 and Crestal-1 wells in the Petroleum Creek Project in New Zealand's South Island.

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Production

BHP Billiton Updates 2014 Production Guidance
Wednesday, April 16, 2014 Operational activities force the diversified resources company to adjust its petroleum division's production guidance for the current financial year.
Ezion Bags $79M Charter Contracts to Supply Service Rigs
Wednesday, April 16, 2014 Ezion Holdings bags 3-year charter contracts, worth $78.7 million, for the provision of two service rigs.
Kuwait to Award $4.3B Contract this Year for Heavy Oil Project
Tuesday, April 15, 2014 Kuwait plans to award a $4.3B contract later this year for the first phase of a project to produce heavy oil at its northern Ratqa field.
Lukoil Sells Interest in Kazakhstan Projects to Sinopec
Tuesday, April 15, 2014 Russia's Lukoil sells stakes in four Kazakhstani hydrocarbon production projects to China's Sinopec.
Iraq Approves S.Korea's Daewoo $588.8M Oilfield Contract
Tuesday, April 15, 2014 Iraq's cabinet approves a $588.8M oilfield service contract with Daewoo Engineering & Construction for the development of the Zubair oil field.
Galp Beats Expectations with Big Oil Output Increase
Tuesday, April 15, 2014 Portugal's Galp sees oil and gas output jump by more than 19 percent during the first quarter of 2014.

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Finance and Investing

Malaysia's Hong Leong Subscribes for $155M New Shares in Ezion
Wednesday, April 16, 2014 Ezion Holdings announces that two subsidiaries of Malaysia's Hong Leong Company will each subscribe for 50 million new ordinary shares in the firm for approximately $155 million.
Seadrill Sells 4% Interest in SapuraKencana for $300M, Still Holds 8% Stake
Thursday, April 10, 2014 Seadrill sells 4% stake in SapuraKencana Petroleum for $300 million, reducing its interest in the Malaysian company to 8%.
Nigerian Oil Group Seplat Valued at $1.9B in Market Debut
Wednesday, April 09, 2014 Nigerian oil and gas company Seplat raises $500 million on stock market debut, valuing the firm at $1.9 billion.
Offshore Firm's IPO May Give Singapore Market Shot in the Arm
Tuesday, April 08, 2014 A major operator of maritime support vessels controlled by Malaysia's richest man is seeking up to $380 million in a Singapore IPO.
Norway's Aker Fined $8.5M For Insider Trading In Aker Solution
Friday, April 04, 2014 Aker will pay an $8.5M fine for insider trading in shares of a company it controls, the oil services firm Aker Solution, the holding company says.
SapuraKencana Inks $5B Refinancing Club Deal with 13 Banks
Thursday, March 20, 2014 SapuraKencana concludes $5 billion refinancing club deal with 13 local, regional and international banks.

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Company Operations

Stable North American Market Drives Revenues at Enteq
Wednesday, April 16, 2014 More stable North American markets drive revenue growth at Enteq.
Singapore's Keppel Corp 1Q Net Profit Falls 5%
Wednesday, April 16, 2014 Rig maker Keppel sees first quarter net profit drop 5%.
Saipem Awarded Angola Contracts Worth More Than $4B By Total
Wednesday, April 16, 2014 Italian oilfield services group Saipem wins two contracts worth $4B from Total.
Technip Wins its Largest-Ever Subsea Contract
Wednesday, April 16, 2014 A consortium including Technip and Heerema wins a $3.5-billion contract from Total for subsea work on the Kaombo project, offshore Angola.
Caterpillar to Power First Zentech R550D Jackup in China
Wednesday, April 16, 2014 Caterpillar Oil & Gas announces that the Cat C175 and Cat 3512 generator sets have been selected to power the first Zentech R550D jackup for Alliance Offshore in China.
CIMC Raffles Delivers Newbuild Jackup HYSY 932 to COSL
Wednesday, April 16, 2014 CIMC Raffles delivers HYSY 932 to China Oilfield Services Limited, with the newbuild jackup to head to China's Bohai Bay soon to commence operations.
AGL Settles Outstanding Cash Calls for PEL 96 JV in South Australia
Wednesday, April 16, 2014 Strike Energy reports that partner Australian Gasfields has paid in full all of the past due cash calls for PEL 96 joint venture in South Australia.
Lamprell Clinches $390M Contract to Build 2 Jackups for Ensco
Wednesday, April 16, 2014 Lamprell clinches $390 million contract to build two LeTourneau-designed jackups for Ensco.

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