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Friday, April 17, 2015 - Industry experts weigh in on the continuing challenge of finding skilled workers to hire in the oil and gas industry.
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Industry Headlines

Bill to Standardize Drillings Setbacks Passes Texas House
Friday, April 17, 2015 Controversial bill to standardize rule-making for cities on oil and gas permits passes House without incident. Moves on to the Senate with some changes that will have to be addressed in committee.
US Oil Rigs Slide For 19th Week As Record Retreat Drags On
Friday, April 17, 2015 Oil explorers idled rigs in US fields for the 19th straight week, prolonging an unprecedented retrenchment in drilling.
Military Withdraws from Yemen Oilfields, Hands Security to Tribes
Friday, April 17, 2015 Yemen's military hands over security responsibilities for the Masila oilfields to local armed tribes.
Argentina Launches Lawsuit against Falkands Oil Drillers
Friday, April 17, 2015 Argentina begins legal proceedings against five companies, including three UK firms, that are drilling for oil and gas offshore the Falkland Islands.
US Proposes Higher Royalty Rates For Drilling Federal Land
Friday, April 17, 2015 The US government would get a larger share of oil and gas revenue from federal land under a proposal announced by the Interior Department.
Tackling the Skills Shortage Challenge in the Oil, Gas Industry
Friday, April 17, 2015 Industry experts weigh in on the continuing challenge of finding skilled workers to hire in the oil and gas industry.
Sources: Indian Delegation to Visit Iran to Discuss Oil Deals
Friday, April 17, 2015 An Indian delegation will visit Iran this week to scout for investment opportunities ahead of an anticipated nuclear deal between the OPEC-member and world powers that would soften sanctions against the country, sources privy to the plan say.
Delegate: OPEC Should Consider Return To Oil Quotas
Friday, April 17, 2015 OPEC should consider re-introducing individual output quotas, shuffled quietly to one side in 2008, an OPEC delegate says.
EIA Projects Continued Volatility In Oil Prices
Friday, April 17, 2015 Volatility in crude oil prices will continue reaching a projected high of $252 per barrel for Brent crude oil in 2040, according to a long-term forecast released by the EIA April 14.
Oil Falls From 2015 Peaks, Brent Jumps 9.6% On The Week
Friday, April 17, 2015 Crude futures fell from 2015 peaks in choppy trading, but Brent's 9.6% weekly gain was its biggest in more than five years.

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Exploration

BG Group Drills Dry Well in the North Sea
Friday, April 17, 2015 BG Group comes up dry in the Norwegian North Sea with its 34/3-5 exploration well southeast of the Knarr field.
Searcher Processing Seismic Datasets in the Philippines, Papua New Guinea
Friday, April 17, 2015 Searcher Seismic is currently processing two seismic datasets in the Philippines and Papua New Guinea.
Petrobras Discovers Oil, Gas in Brazil's Amazon and Espirito Santos Basins
Friday, April 17, 2015 Petrobas finds oil and gas at Block AM-T-84 in the Amazon Basin in Brazil and discovers oil at Block ES-T-495 in the Espirito Santo Basin.
Petsec to Operate Yemen's Block 7 After Acquiring Oil Search's Local Unit
Friday, April 17, 2015 Petsec Energy takes over as operator of Block 7 in Yemen after increasing its stake in the permit through acquisition of Oil Search's Yemeni subsidiary.
Lime Petroleum Acquires 30% Stake in PL544 in Norwegian North Sea
Friday, April 17, 2015 Lime Petroleum acquires a 30 percent stake from Lundin Petroleum in PL544 in the Norwegian North Sea.
TGS, Dolphin Agree Barents Sea 3D Seismic Survey
Thursday, April 16, 2015 Norway's TGS signs a deal with Dolphin Geophysical to acquire around 1,675 square miles of 3D seismic data in the western Barents Sea.

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Production

Norway's Minister of Petroleum Opens Valemon Field
Friday, April 17, 2015 Norway's Valemon field is officially opened.
Nervesa Gas Field Gets Environmental OK
Friday, April 17, 2015 Sound Oil says it is set to receive the go-ahead to produce from its Nervesa gas field in northern Italy after getting environmental approval from the Veneto region.
Santos Expects First LNG from Queensland's GLNG Project in 3Q 2015
Friday, April 17, 2015 Santos expects first LNG from Australia's GLNG project in third quarter 2015 as the development in Queensland is nearly 95 percent complete.
RISC Releases Resource Report for Oilex-Operated Cambay Field in India
Friday, April 17, 2015 Oilex provides details of an independent resource report by RISC on gas and condensate reserves estimates for the Cambay field in Gujarat, India.
Dragon Oil Raises 1Q Output from Turkmenistan Fields
Thursday, April 16, 2015 Dragon Oil increases production from its flagship Cheleken fields in Turkmenistan.
Technip, COOEC Bag FEED Contract for Liuhua Project in South China Sea
Thursday, April 16, 2015 The Technip-COOEC consortium bags a front end engineering design contract from CNOOC for two tension leg platforms for the Liuhua 11-1 and 16-2 joint development projects in the South China Sea.

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Finance and Investing

UAE's TAQA Slashes Capex Plans, Dividend, After Big 4Q Loss
Wednesday, April 01, 2015 Abu Dhabi National Energy Co (TAQA) says it would slash its capital expenditure plans and costs after posting big losses in the fourth quarter on lower oil prices.
Total Seeks Arbitration Over Uganda Tax Dispute
Tuesday, March 31, 2015 Total is seeking international arbitration over a tax disagreement with Uganda which could further delay crude oil production in the east African country.
Delek Moves to 4Q Loss on One-Off Items, Delays London Listing
Tuesday, March 31, 2015 Israeli energy company Delek Group reports a net loss in the fourth quarter, weighed down by one-time capital losses and writedowns from the divestment of assets.
Peru's State Oil Company Says Scraps Plan For 2015 Share Offer
Monday, March 30, 2015 Petroperu will not go through with a previously announced plan to sell shares on the local stock market this year, the firm's president German Velasquez says.
US Shale Oil Firms Raise Enough Equity To Avoid Loan Reset Squeeze
Tuesday, March 24, 2015 A surge in equity issuance so far this year by oil and gas companies has surprised many who in December thought the price drop would hurt the ability of producers to tap capital markets.
Tullow Gets $450M Lending Boost from Creditors, Shares Climb
Friday, March 20, 2015 Africa-focused oil producer Tullow Oil raises an additional $450 million of capital from existing lenders, boosting its financial strength despite weak oil prices and sending shares higher.

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Company Operations

Seadrill Unit's Deal with Russia's Rosneft Postponed Again
Friday, April 17, 2015 Seadrill subsidiary North Atlantic Drilling delays closing a cooperation deal with Rosneft amid western sanctions against Russia.
Keppel O&M Records 1Q 2015 Net Profit of $150.4M, Down 12% YOY
Friday, April 17, 2015 Keppel Offshore & Marine posted a net profit of $150.4 million in the first quarter of 2015, down 12 percent from a year ago.
Schlumberger Impresses With Cost Cuts, Resilient Margins
Friday, April 17, 2015 Schlumberger reports a smaller-than-expected fall in 1Q margins as it continues to execute tight cost controls to combat a decline in drilling activity.
Petrobras Says Has No Plans to Sell Sub-Salt Oil Fields
Thursday, April 16, 2015 Petrobras says it has no plans to sell sub-salt oilfields in a divestment program aimed at shoring up its finances.
Ezra's Subsea Division EMAS AMC Clinches $55M Contracts
Thursday, April 16, 2015 Ezra Holdings' subsea division EMAS AMC clinches $55 million contracts from several oil and energy companies.
Otto Marine Delivers 4 OSVs, Including 2 AHTS, to Pertamina's Subsidiary
Thursday, April 16, 2015 Otto Marine delivers four offshore support vessels, including two anchor handling tug supply vessels, to PT Pertamina Trans Kontinental at its yard in Batam, Indonesia.

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