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Friday, July 25, 2014 - Nanotech surface treatment could boost pipeline flow assurance, says exec.
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Industry Headlines

U.S. State Department Names Hochstein Acting Energy Envoy
Friday, July 25, 2014 The U.S. State Department names Amos Hochstein as Washington's top energy diplomat, taking over as acting head of the Bureau of Energy Resources.
Thai Military Delays Finalizing Energy Reform
Friday, July 25, 2014 Thailand's military government will delay finalizing details of energy reform, which could compound uncertainty about the country's oil and gas sector.
Hawaii-based Firm Scaling Up Nanotech for Oil, Gas Apps
Friday, July 25, 2014 Nanotech surface treatment could boost pipeline flow assurance, says exec.
Iraqi Kurdish Oil Nears US Port Despite Concern in Washington
Friday, July 25, 2014 Oil from Iraqi Kurdistan is just two days away from arriving at a US port despite Washington's concern about independent oil sales from the region.
Visualization Techniques Enhance Oil, Gas Training, Operations
Friday, July 25, 2014 Oil and gas companies are using 3D animation and imagery to bolster training efforts and to better demonstrate technical concepts and techniques.
Brent Climbs Above $108/bbl on U.S.-Russian Tensions, Supply Fears
Friday, July 25, 2014 Brent oil prices reverses early losses to climb more than $1 a barrel, as fighting in Ukraine and deteriorating relations between Russia and the United States ignited new fears of supply disruptions in the market.
Inside Xi Jinping's Purge of China's Oil Mandarins
Friday, July 25, 2014 Oil executive Jiang Jiemin rose to power in Communist China in time-honored fashion: by hitching his star to a mighty mentor.

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Exploration

WWF: Arctic Oil Well Blowout Could Spread More Than 1,000 Km
Friday, July 25, 2014 Oil from a spill or oil well blowout in the Arctic waters of Canada's Beaufort Sea could easily become trapped in sea ice and potentially spread to the west coast of Alaska, a World Wildlife Fund study reports.
TAG Oil Spuds Waitangi-1 Well in PEP 38348 in NZ's East Coast Basin
Friday, July 25, 2014 TAG Oil spuds Waitangi-1 well in petroleum exploration permit 38348 in New Zealand's East Coast Basin.
Northern Petroleum Awarded Two Permits in Italy
Thursday, July 24, 2014 Northern Petroleum is awarded two permits, one onshore and one offshore, in Italy.
Norwegian Seismic Survey Firms See Mixed Picture
Thursday, July 24, 2014 Petroleum Geo-Services reports a decline in second-quarter revenues and profits, while fellow Norwegian firm announces two new sampling contracts.
Lime Petroleum Relinquishes 3 Norwegian Licenses in the North Sea
Friday, July 25, 2014 Lime Petroleum relinquishes three Norwegian licenses, located offshore in the North Sea.
OMV Spuds Whio-1 Exploration Well in PEP 51313 Offshore Taranaki
Thursday, July 24, 2014 OMV spuds Whio-1 exploration well in permit PEP 51313 in the Taranaki Basin off New Zealand.

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Production

Texas Petro Index: Seventh Record High as Production Closes in On All-Time
Friday, July 25, 2014 Karr Ingham?s Texas Petro Index shows energy in Texas is continuing to strengthen.
Exillon Production Slows Further in June
Friday, July 25, 2014 Exillon Energy sees slight improvement in its Timan-Pechora production in June, although fall in Western Siberia output means total average daily output fell.
Reach Energy Plans to Acquire an Upstream Asset Within 2 Years of IPO
Friday, July 25, 2014 Reach Energy intends to acquire its first upstream oil and gas asset within two years of its initial public offering on Bursa Malaysia.
Husky Updates on Field Developments in China, Indonesia
Friday, July 25, 2014 Husky Energy updates on field developments at its offshore projects in China and Indonesia.
Slovakia Says Work on Gas Link to Ukraine on Schedule
Thursday, July 24, 2014 Construction work on a pipeline to allow gas to be sent from Western Europe to Ukraine is on schedule, according to Slovak pipeline operator Eustream.
Encana Oil Production Rise Offsets Profit Fall On Weak Natgas
Thursday, July 24, 2014 Encana said oil and natural gas liquids production climbed 43% year-on-year in the second quarter of 2014.

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Finance and Investing

Mexico's Pemex 2nd-Qtr Losses Widen to 52.2B Pesos
Friday, July 25, 2014 State-owned oil company Pemex reported a wider second quarter loss hurt by higher sales costs, declining asset values and higher taxes, the company said on Friday.
Thai PTTEP 2Q Net Profit Up 55%, Beats Forecast
Friday, July 25, 2014 PTTEP reports a 55 percent rise in second quarter net profit due to higher petroleum sales and firmer global oil prices.
Sources: Reach Energy Locks in Cornerstones for IPO
Thursday, July 24, 2014 Malaysia's Reach Energy, a special purpose acquisition company with no existing assets, locked in up to seven cornerstones for its $236.93 million IPO, two sources involved with the deal say.
Schlumberger Second-Quarter Profit Falls 24%
Thursday, July 17, 2014 Schlumberger, the world's largest oilfield services company, reports a nearly 24% fall in quarterly profit.
Far East Energy Corp.'s Bridge Facility with SCB Extended for 2 Months
Monday, July 14, 2014 Far East Energy Corp., operator of the Shouyang coalbed methane production sharing contract in China's Shanxi province, receives a further extension of the maturity date of an existing bridge facility with Standard Chartered Bank.
Triyards' 9-Month Net Profit Increases 1% to $21.4M
Friday, July 11, 2014 Triyards Holdings posts a net profit of $21.4 million for the 9 months ending May 31, a marginal 1 percent rise from a year ago.

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Company Operations

Sources: Eni to Revive Saipem Sale Plans
Friday, July 25, 2014 The new management of Italy's Eni plans to press on with the sale of a controlling stake in oil services subsidiary Saipem so it can focus on the more lucrative business of finding oil and gas, sources said.
Brazil Regulator Approves Petrobras Plan to Upgrade Marlim Field
Friday, July 25, 2014 Brazil's oil regulator ANP approves a plan by Petrobras to renew its development plan for the Marlim offshore oil field, one of the country's largest.
Rosneft Lines Up Anti-Sanctions Measures, Net Income Up
Friday, July 25, 2014 Russia's biggest oil producer Rosneft says it has been seeking ways to cope with the negative impact of international sanctions, as it reported higher net income Helped by a stronger rouble.
Statoil Cut 1,000 Jobs during 2Q
Friday, July 25, 2014 Statoil reduces its headcount by around 1,000 employees and may cut up to 400 more positions.
Keppel O&M's Second Quarter Net Profit Rises 14% to $216M
Friday, July 25, 2014 Keppel Offshore & Marine's second quarter net profit increases 14 percent from last year to $216 million as revenue rises 13 percent to $1.64 billion.
Farstad Receives $282M Charter Contracts to Supply AHTS, PSVs
Friday, July 25, 2014 Farstad Shipping receives $282 million in charter contracts to supply anchor handling tug supply and platform supply vessels.

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