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Wednesday, October 22, 2014 - Total appoints refining head Patrick Pouyanne as chief executive and former CEO Thierry Desmarest as non-executive chairman.
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Industry Headlines

Famed Texas Oilman Nelson Bunker Hunt Dead At 88
Wednesday, October 22, 2014 Nelson Bunker Hunt, the Texas oilman once considered the world's richest man before his fortunes were undone by Muammar Gaddafi and his own epic overreaching in the silver market, dies at age 88.
Denton To Vote To Ban Fracturing On November 4
Wednesday, October 22, 2014 The citizens of Denton will be voting Nov. 4 whether or not to ban hydraulic fracturing.
Colombia Could Lower Oil Price Projections For 2015 And 2016
Wednesday, October 22, 2014 Colombia may revise down its projections for the price of oil in 2015 and 2016, Finance Minister Mauricio Cardenas says.
Shale Activity Creating Need for Updated Data Management Systems
Wednesday, October 22, 2014 Oil and gas companies should truly understand the scope of their operations before investing in technology solutions to address the complexity and volumes of data in shale operations.
Thailand Plans Feb Auction Of Petroleum Concessions At 29 Blocks
Wednesday, October 22, 2014 Thailand plans to kick off a new auction round next February for petroleum concessions on 29 onshore and offshore blocks in its effort to secure energy supplies, a senior energy ministry official says.
Oil Dives After Big US Weekly Crude Stock Build
Wednesday, October 22, 2014 Oil prices fall sharply, with US crude approaching $80 a barrel after data shows a second big jump in weekly US crude stockpiles.
NASA Scientist: Arctic Drillers Can Learn from Space Program
Tuesday, October 21, 2014 Speakers discuss ways to overcome the challenges of drilling in the Arctic in order to extract fossil fuels in an extreme environment.
Oil Ends Up After China Demand News, Fragile Recovery Seen
Tuesday, October 21, 2014 Brent crude oil ends up almost 1%, helped by data showing stronger-than-expected China demand and some technical price recovery after weeks of almost uninterrupted selling.

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Exploration

InterOil Provides Update on Raptor-1, Bobcat-1 Exploration Drilling in PNG
Thursday, October 23, 2014 InterOil provides update on exploration drilling program at permits PPL 475 and PPL 476 in Papua New Guinea.
Polarcus to Commence 3D Survey Over Roebuck Basin, Offshore NWS
Thursday, October 23, 2014 Polarcus will commence 3D survey over the Roebuck Basin, offshore NorthWest Shelf, Australia.
NSE Divests Part of its Interest in Cooper Basin's Permit PEL 570 to Santos
Thursday, October 23, 2014 New Standard Energy divests part of its interest in permit PEL 570 in the Cooper Basin, South Australia to Santos.
Russia Hopes Exxon Departure Won't Impact Wider Arctic Oil Exploration
Wednesday, October 22, 2014 Russia's Energy Minister hopes the suspension of work by US oil major Exxon Mobil in the Kara Sea will not affect wider offshore exploration in the Russian Arctic.
Shell Hits Gas in Pre-Salt Reservoir Offshore Gabon
Wednesday, October 22, 2014 Shell discovers a "substantial" gas column offshore Gabon.
Amerisur To Add Exploration License in Colombia
Wednesday, October 22, 2014 Amerisur presents to ANH a request for a partial assignment of interest, rights and obligations in the exploration contract Put-30.
Statoil Finds up to 80M Barrels of Oil near Grane Field
Tuesday, October 21, 2014 Statoil says it has proved new oil resources of up to 80 million barrels of recoverable oil in the Norwegian North Sea near the Grane field.
Stena Clyde to Drill Pryderi-1 Well in WA-424-P in Late Oct/Early November
Tuesday, October 21, 2014 The Stena Clyde semisub will mobilize to drill the Pryderi-1 well in permit WA-424-P offshore Western Australia in late October or early November.
Hunt Energy to Provide Drilling Services in PEL444 in Cooper/Eromanga Basin
Tuesday, October 21, 2014 Holloman Energy reports that an agreement has been inked with Hunt Energy for drilling up to six wells in PEL444 in the Cooper/Eromanga Basin in South Australia.

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Production

Savanna Inks $63.4M Rig Supply Deal for Australia's East Coast LNG Project
Thursday, October 23, 2014 Savanna Energy Services inks $63.4 million deal to supply four drilling rigs for a liquefied natural gas project in the east coast of Australia.
BP Awards FEED Contracts for Tangguh Expansion Project
Wednesday, October 22, 2014 BP awards two consortia with contracts for onshore FEED work at its Tangguh Expansion Project in Indonesia.
Russia's Lukoil Says West Qurna-2 Pumps Over 320,000 Bpd
Wednesday, October 22, 2014 Lukoil says it is producing more than 320,000 barrels per day at its Iraqi West Qurna-2 field.
Official: Kazakh Oil Output To Rise With Kashagan After 2020
Wednesday, October 22, 2014 Kazakhstan expects annual oil output to reach as high as 100 million tonnes after 2020 when the giant Kashagan oilfield resumes pumping.
Russia's Gazprom Increases 2014 Investments to 1 Trillion Roubles
Tuesday, October 21, 2014 Russia's Gazprom increases its investment program for this year to $25 billion.
Addax Extends Charter of Yinson's FPSO Knock Adoon for $39M
Tuesday, October 21, 2014 Addax extends contract with Yinson Holdings to charter FPSO Knock Adoon for work at the Antan field offshore Nigeria.
LDD Wraps Up Foundation Installation Gig Offshore Gabon
Monday, October 20, 2014 LDD, an Acteon company, finishes a specialist foundation installation for the Etame Marin block field expansion project, offshore Gabon, West Africa.

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Finance and Investing

Emas Offshore Posts 39.3% Increase in Net Profit for FY 14 to $54.7M
Thursday, October 23, 2014 Ezra Holding's subsidiary EMAS Offshore posts a four-fold increase in net attributable profit for financial year that ended Aug. 31.
6 Mistakes to Avoid When Investing in Natural Gas
Wednesday, October 22, 2014 Unfortunately, there's no way to know what the future will bring, but there is a way to maximize your chances of investing success. Check out these six mistakes to avoid when you invest in natural gas.
Rosneft Says Projects Economically Viable Even If Oil Price Slips Further
Friday, October 17, 2014 Rosneft says the recent fall in oil prices is not critical for the company and it sees "no reason for concern".
Santos' 3Q 2014 Sales Revenue Up 4% to $929M, Boosted by PNG LNG
Friday, October 17, 2014 Santos' sales revenue rises 4 percent in the third quarter of 2014 to $929 million, with the gains attributed to contribution from the Papua New Guinea liquefied natural gas project.
Woodside Posts 46.4% Increase in Sales Revenue to $1.95B for 3Q 2014
Thursday, October 16, 2014 Woodside posts 46.4% increase in sales revenue to $1.95 billion for the third quarter of this year.
Africa Oilfield Logistics to List on Nairobi Stock Exchange
Monday, October 13, 2014 Africa Oilfield Logistics plans to list its shares on Kenya's Nairobi Securities Exchange.
UAE's RAK Petroleum Plans To List In Oslo
Monday, October 06, 2014 RAK Petroleum says it aims to list on the Oslo exchange and raise $25 million in an initial public share offering (IPO).
Conoco Files For ICC Arbitration Against Venezuela's PDVSA
Friday, October 10, 2014 ConocoPhillips files for arbitration at the International Chamber of Commerce against PDVSA for compensation related to the termination of its partnership contract after the nationalization of oil projects.

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Company Operations

Ocean Installer Establishes Subsea Construction Services Base in Perth
Thursday, October 23, 2014 Ocean Installer established office in Perth, Australia to meet demand for subsea construction services in Asia Pacific and Oceania.
Keppel O&M's Net Profit Grows 17% to $201.5M in 3Q 2014
Thursday, October 23, 2014 Keppel O&M's net profit grows 17 percent to $201.5 million in the third quarter of 2014, compared to $172 million a year ago.
InterMoor Completes Mooring Work for COOEC at China's Panyu, Enping Fields
Thursday, October 23, 2014 InterMoor completes two offshore moooring projects for China's COOEC at Panyu and Enping fields in the Pearl River Mouth basin, South China Sea.
Nordic Energy Strengths its Board with Two Appointments
Wednesday, October 22, 2014 Nordic Energy appoints a non-executive chairman and a non-executive director to its board.
Contract Driller Nabors' Revenue Rises On US Shale Spending
Wednesday, October 22, 2014 Nabors reported a 17% rise in revenue, its highest increase in nine quarters, as it benefited from strong spending in US shale fields.
Total Names Pouyanne And Desmarest To Top Positions
Wednesday, October 22, 2014 Total appoints refining head Patrick Pouyanne as chief executive and former CEO Thierry Desmarest as non-executive chairman.
PMI Energy Services Sets Up New Shorebase in Morgan City
Wednesday, October 22, 2014 PMI Energy Services opens a shorebase in Morgan City, Louisiana, focused on supporting shelf, coastal and inland waters production and drilling activities.
Lamprell Completes 2nd Caspian Sea Rig
Tuesday, October 21, 2014 Rig builder Lamprell completes the 'Mercury' rig for a client that will use the vessel in the Caspian Sea.
McDermott Lands T&I Contract for Bukit Tua Project Offshore East Java
Tuesday, October 21, 2014 McDermott lands a transportation, installation and pre-commissioning contract from a Petronas unit for the offshore Bukit Tua project in Ketapang block, East Java, Indonesia.
Shell Strikes Sales Deals For Nigerian Assets
Tuesday, October 21, 2014 Shell signs sales agreements for all the Nigerian oil assets it put up for sale following a 2013 review of its business in the West African country, a spokesman says.

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