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Wednesday, January 28, 2015 - Lukoil wants a prompt investigation into accusations it took part in the funding of terrorism in Ukraine and is ready to cooperate with Ukraine's law enforcement agencies.
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Industry Headlines

Fracking Moratorium Voted Down in Colorado Town
Wednesday, January 28, 2015 The Erie, Colorado Board of Trustees votes down a moratorium on fracking, and will continue to work with drillers in the area to address noise and vibration concerns.
California County Declares Fiscal Emergency Due To Oil Price Plunge
Wednesday, January 28, 2015 Plunging oil prices lead California's Kern County to declare a fiscal emergency, a move that allows officials to tap into a reserve fund as tax revenue faces a big decline due to the lower oil prices.
BG Signs Oil Contractor Deal With KBR To Reduce Costs
Wednesday, January 28, 2015 BG Group signs an agreement with KBR to hire skilled contractors for its large-scale projects at short notice, an alliance that will allow BG to cut hiring costs.
Petrobras Reports Earnings Without Graft Writedowns Despite Delays
Wednesday, January 28, 2015 Petrobras released delayed unaudited third-quarter results, but its shares slumped as it left investors in the dark over the financial impact of a multibillion-dollar corruption scandal.
Scottish Moratorium, Planning Delay Dent Cameron's Shale Gas Ambitions
Wednesday, January 28, 2015 Scotland blocks the granting of permits for fracking and a local English council delays a decision on two projects, casting doubt on British Prime Minister David Cameron's shale gas ambitions.
Lukoil Would Welcome Investigation into Accusations it Funded Terrorism
Wednesday, January 28, 2015 Lukoil wants a prompt investigation into accusations it took part in the funding of terrorism in Ukraine and is ready to cooperate with Ukraine's law enforcement agencies.
CNPC Research: China's Oil Demand To Grow 3% In 2015
Wednesday, January 28, 2015 China's implied oil demand will grow 3% this year versus last year, little changed from the pace of growth in 2014 as calculated by Reuters.
Hess Profit Misses Estimate As Oil Prices Slump
Wednesday, January 28, 2015 The weak results from Hess, one of the first major US oil companies to report quarterly earnings, could portend a wave of negative earnings reports across the industry.
Oil Tumbles; US Crude Prices Near 6-Year Low On Record Stockpiles
Wednesday, January 28, 2015 Oil slumps, with US crude prices at near 6-year lows, after the government reported record-high inventories in the United States.

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Exploration

Gulfsands Completes Testing on Dardara Southeast 1 Well, Morocco
Wednesday, January 28, 2015 Gulfsands completes testing on its Dardara Southeast 1 discovery well on the Rharb Centre Permit, onshore Morocco.
Chevron Teams Up with BP, ConocoPhillips in GOM Leases
Wednesday, January 28, 2015 Chevron announces it will work with BP and ConocoPhillips to explore and appraise 24 jointly-held offshore leases in the northwest portion of Keathley Canyon in the deepwater Gulf of Mexico.
KrisEnergy Commcences 2D Seismic Survey at Udan Emas PSC in West Papua
Wednesday, January 28, 2015 KrisEnergy commences 2D seismic survey in Indonesia's onshore Udan Emas production sharing contract in West Papua.
Buru Energy Spuds Sunbeam 1 Well in Permit EP 129 in Canning Basin
Wednesday, January 28, 2015 Buru Energy spuds Sunbeam 1 exploration well in permit EP 129 in the Canning Basin, Western Australia.
Octanex Drops Claim on Onshore Derby Block in WA's Canning Basin
Wednesday, January 28, 2015 Octanex drops claim on onshore Derby Block in Western Australia's Canning Basin.
Falcon 'Disappointed' with NIS over Mako Trough License
Monday, January 26, 2015 Falcon Oil & Gas says it is disappointed with partner NIS over its failure to drill a third well on the Hungarian Mako Trough license within the timeframe agreed.

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Production

Gazprom Says Approval Given for New Russia-Turkey Gas Pipeline Route
Thursday, January 29, 2015 Gazprom announces that a new Russia-Turkey gas pipeline route across the Black Sea has been approved at a meeting between its chairman and the Turkish Minister of Energy and Natural Resources.
Cyprus in Talks with Noble on Exploitation of Gas Find
Wednesday, January 28, 2015 Cyprus and US independent energy firm Noble discuss the potential exploitation of a gas field discovered in 2011.
Russia's Gazprom Cancels Plans to Expand Nord Stream
Wednesday, January 28, 2015 Russia's Gazprom cancels a plan to build two more branches of the Nord Stream natural gas pipeline, according to sources.
MedcoEnergi Inks Agreement to Sell Gas from Aceh's Block A to Pertamina
Wednesday, January 28, 2015 MedcoEnergi inks agreement to sell $2 billion of gas to Pertamina from Block A, Aceh, Indonesia.
Australia State Suspends AGL's Fracking License, Banned Chemicals Found
Wednesday, January 28, 2015 An Australian state government suspends AGL Energy's license to operate a pilot coal seam gas field after banned chemicals were found in water supplies.
CNPC Completes China's Deepest Onshore Well in Tarim Oilfield
Wednesday, January 28, 2015 CNPC completes Keshen-902 appraisal well, China's deepest onshore well, in Tarim Oilfield.
Nigeria's Forcados Oil Pipeline Resumes after One-Week Shutdown
Tuesday, January 27, 2015 Nigeria resumes operations at its Trans Forcados oil pipeline after the pipeline was shut down for a week due to sabotage.
Norway's Snoehvit LNG Plant Shut Due to Gas Alarm
Tuesday, January 27, 2015 Production at Norway's Snoehvit liquefied natural gas plant stops due to a gas leak.

more Production articles >>

Finance and Investing

Small Oil Firms Hunt For Cash As Crude Slump Shuts IPO Door
Tuesday, January 20, 2015 Slumping oil prices are shutting the door to stock market listings for small oil and gas firms, forcing many to tap more costly forms of financing or to shelve projects and wait for better times.
Reliance Posts 2.9% Fall in Oil, Gas Revenue to $460.2M in 3Q FY 2015
Monday, January 19, 2015 Reliance's oil and gas exploration and production segment posts a 2.9 percent decline in revenue for third quarter 2015 that ended Dec. 31, 2014.
Rig Maker Lamprell Expects 2015 Revenue Below Current View
Monday, January 12, 2015 Rig-maker Lamprell says the slump in oil prices hurt its ability to secure new business, and that it expects its revenue for this year would be about 10 percent below current expectations.
EMAS Offshore Posts Net Profit of $148M in 1Q 2015, Up from $13M a Year Ago
Thursday, January 08, 2015 EMAS Offshore posts net profit of $148.4 million for the first quarter of financial year 2015 that ended Nov. 30, 2014, up from $13 million in the previous year.
Sources: Petronas May Slash Domestic Investment 30% as Crude Slumps
Thursday, January 08, 2015 Petronas may slash capital expenditure even more than it has signalled because the continuing rout in oil prices has hurt revenue, with domestic spending facing cuts of about 30 percent, sources say.
Canada's ARC Resources Latest To Cut Budget As Oil Prices Fall
Wednesday, January 07, 2015 ARC Resources says it will cut an already reduced 2015 capital spending budget by nearly 15%.

more Finance and Investing articles >>

Company Operations

Beach Energy Cuts Capex in 2H FY15 by $43M Due to Lower Oil Prices
Thursday, January 29, 2015 Beach Energy reduces its capital expenditure for second half of financial year 2015 by $43 million to $339-371 million as a result of lower oil prices.
Keppel FELS Delivers Ultra Harsh Environment Jackup to Maersk Drilling
Thursday, January 29, 2015 Maersk Drilling takes delivery of its third ultra harsh environment jackup from Keppel FELS in Singapore.
Weatherford Eliminates COO Role amid Oil Slump
Wednesday, January 28, 2015 Oil services firm Weatherford International says it will eliminate the position of chief operating officer as it copes with the 60-percent slide in global crude oil prices.
Cenovus Energy Cuts 2015 Capital Spending as Oil Prices Plunge
Wednesday, January 28, 2015 Canada's Cenovus Energy cuts its capital spending budget for 2015 in response to the slump in oil prices.
Gulf Marine Wins 4-Year Vessel Contract
Wednesday, January 28, 2015 Gulf Marine Services wins a new four-year contract for one of its large-class vessels.
MEO Australia Appoints Peter Stickland as MD/CEO, Succeeds Jurgen Hendrich
Wednesday, January 28, 2015 MEO Australia appoints Peter Stickland as managing director and CEO, succeeding Jurgen Hendrich.
Yinson Clinches $2.54B FPSO Contract from Eni for Ghana's OCTP Block
Wednesday, January 28, 2015 Yinson clinches a $2.54 billion contract from Eni to supply, operate and maintain a floating production storage and offloading vessel for Ghana's Offshore Cape Three Points Block.
UK Oil & Gas Appoints New CEO
Tuesday, January 27, 2015 Stephen Sanderson appointed as new CEO of UK Oil & Gas.

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