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Tuesday, September 16, 2014 - PTTEP plans a $3.3 billion capital expenditure to develop its oil and gas projects in Myanmar from 2014 to 2018, or 20% of the $16 billion earmarked worldwide.
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Industry Headlines

Petroceltic, Hess to Resume Oil Drilling in Iraqi Kurdistan in October
Wednesday, September 17, 2014 Oil and gas explorer Petroceltic will resume drilling in Iraqi Kurdistan together with partner Hess in early October, after operations were suspended last month at one of its wells due to security risks in the region.
Brazil Confident New Rules Will Protect Existing Oil Rights
Wednesday, September 17, 2014 Brazilian regulators say they were confident that new regulations will trump provisions of the country's 2010 oil law that threaten to strip oil companies such as Shell of rights to operate major oil fields.
Russia Considers Rosneft Request for Help from State Fund
Tuesday, September 16, 2014 Rosneft, hit by Western sanctions over the Ukraine conflict, will be able to apply for money from a state wealth fund, Russia's deputy prime minister says.
Jindal: Obama Hasn't Done Enough To Harness Energy
Tuesday, September 16, 2014 Louisiana Gov. Bobby Jindal says President Obama's administration has become "science deniers," failing to do enough to harness the nation's energy potential.
Total: Brazil's Libra Oil Field Will Cost $80B To Develop
Tuesday, September 16, 2014 Brazil's biggest oil field Libra will cost $80 billion to develop, an executive at consortium member Total says.
Brazil Confident New Rules Will Protect Existing Oil Rights
Tuesday, September 16, 2014 Brazilian regulators say they are confident that new regulations will trump provisions of the country's 2010 oil law that threaten to strip oil companies of rights to operate major oil fields.
PTTEP Plans $3.3B Capex for Myanmar Projects for 2014-2018
Tuesday, September 16, 2014 PTTEP plans a $3.3 billion capital expenditure to develop its oil and gas projects in Myanmar from 2014 to 2018, or 20% of the $16 billion earmarked worldwide.
Oil Gains On OPEC Production Cut Talk, Libya Paring Output
Tuesday, September 16, 2014 US crude futures rose by almost $2 and Brent by more than $1 on the prospect of a production cut by OPEC.
Industry Group: Brazil 'Falling Off World Oil Map' Over Failed Policies
Tuesday, September 16, 2014 Investors are losing interest in Brazil's oil industry as the country's energy policies raise costs, reduce efficiency and increase risk, Brazil's oil industry association, the IBP, says.
BP To Cut 275 Jobs In Alaska After Oil Field Disposals
Tuesday, September 16, 2014 BP says it will cut around 275 staff and contractor jobs in its Alaska operations in early 2015 following the sale of its interests in four oil fields in the North Slope area.
Unconventional Oil, Gas to Lift US Energy Exports
Tuesday, September 16, 2014 Domestic unconventional oil and gas production will help raise US energy exports by about 5% per year through 2030, according to HSBC's Global Connections Trade Forecast.

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Exploration

Genie's Unit Signs Agreement for More Oil Shale Exploration in Mongolia
Wednesday, September 17, 2014 Genie Energy's subsidiary signs agreement for additional oil shale exploration in Mongolia.
ONGC Videsh, PetroVietnam Ink LOI for Exploration in 2-3 Blocks Off Vietnam
Wednesday, September 17, 2014 ONGC Videsh and PetroVietnam ink a Letter of Intent to consider oil and gas exploration in 2-3 blocks located offshore Vietnam.
IKM Subsea Wins $16M Contract to Provide ROV Services to Eni in Indonesia
Wednesday, September 17, 2014 IKM Subsea wins $16 million contract from eni Indonesia to provide remotely operated vehicle services onboard the Scarabeo 7 semisub for drilling operations in Indonesia.
TAG Oil Abandons Waitangi Valley-1 Well in PEP 38348 on Safety Concerns
Wednesday, September 17, 2014 TAG Oil plugs and abandons the Waitangi Valley-1 well in PEP 38348 in New Zealand's East Coast Basin after encountering extreme drilling conditions.
Falkland Oil and Gas Makes Progress Ahead of 2015 Drilling Campaign
Tuesday, September 16, 2014 Falkland Oil and Gas Limited continues to interpret seismic data and contracts a rig ahead of its 2015 drilling campaign off the Falkland Islands.
Ophir Finds Gas at Silenus East-1 Well in Equatorial Guinea's Block R
Tuesday, September 16, 2014 Ophir Energy finds gas at Silenus East-1 well in Equatorial Guinea's offshore Block R.
Beach Commences Hydraulic Stimulation at Hervey-1 in ATP 855 in Queensland
Tuesday, September 16, 2014 Beach Energy commences hydraulic stimulation program at Hervey-1 well in permit ATP 855 Queensland, Australia.
Central Spuds Gaudi-1 Unconventional Gas Well in ATP909 in Queensland
Tuesday, September 16, 2014 Central Petroleum spuds Gaudi-1 unconventional gas exploration well in permit ATP909 in Queensland, Australia.
Pakistan's OGDCL Discovers Hydrocarbons at Soghri #01 Well in Punjab
Monday, September 15, 2014 Oil and Gas Development Company discovers hydrocarbons at Soghri #01 exploratory well in District Attock in Punjab, Pakistan.
Oil Min: Congo Preparing Tender For Several Oil Blocks
Monday, September 15, 2014 Democratic Republic of Congo plans to issue a tender for oil blocks in its western coastal basin, its oil minister says, as it seeks to boost investment in the sector.

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Production

Frontier Signs $20M Deal for UMW Naga 7 to Drill in SC50 in the Philippines
Wednesday, September 17, 2014 Frontier Oil signs a $20 million deal for jackup UMW Naga 7 to drill in service contract 50 offshore north west Palawan in the Philippines in the first quarter of 2015.
InterOil Spuds Antelope-4 Appraisal Well in PRL 15 in Papua New Guinea
Wednesday, September 17, 2014 InterOil spuds Antelope-4 appraisal well in the Elk-Antelope field in petroleum retention license 15 in Papua New Guinea.
Ithaca Completes 4th Development Well on Stella Field
Tuesday, September 16, 2014 Ithaca Energy drills the fourth development well on its Stella field in the North Sea, achieving a flow rate of 12,005 barrels per day.
First Phase of Ungani 1st1 Workover at WA's Ungani Field Has Been Completed
Tuesday, September 16, 2014 Buru Energy reports that the first phase workover of Ungani 1st1 at Ungani field in Canning Basin, Western Australia has been completed.
Ezion Bags $76M Deal to Supply Service Rig for Work in Southeast Asia
Tuesday, September 16, 2014 Ezion Holdings bags a $76 million contract to provide a service rig to a Southeast Asia-based national oil company.
FEEC Updates on Activities at Shouyang CBM PSC in Shanxi, China
Tuesday, September 16, 2014 Far East Energy Corporation provides update on the company's activities regarding the Shouyang coalbed methane production sharing contract in China's Shanxi province.
Thai PTTEP To Spend $1B for Mozambique Project In Next 5-6 Years
Monday, September 15, 2014 Thailand's PTTEP plans to spend up to $1 billion for a Mozambique project over the next five to six years starting from 2015.
ExxonMobil Starts Up $2.5B Tapis EOR Project Offshore Malaysia
Monday, September 15, 2014 ExxonMobil starts up the $2.5 billion Tapis enhanced oil recovery project offshore Terengganu, Malaysia.

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Finance and Investing

Energy & Exploration Partners Files For IPO Again
Friday, September 12, 2014 Energy & Exploration Partners Inc files with US regulators for an initial public offering of common stock.
Sea Trucks Secures $130M Facility to Finance Completion of Jascon 18 MCSV
Thursday, September 11, 2014 Sea Trucks secures a $130 million facility to finance completion of the Jascon 18 multipurpose construction support vessel, which is being outfitted in a shipyard in Singapore.
UAE's Dana Gas Gets $100M Financing For Gas Field Development
Tuesday, September 09, 2014 Dana Gas secures $100 million of financing to develop an offshore gas field in the north of the country, with the first gas production expected early next year.
Athabasca Raises Capital Budget, Says CEO To Retire
Monday, September 08, 2014 Athabasca Oil increases its capital budget for the year and said its chief executive of seven years would retire Sept. 30.
Sino G&E Secures $50M Debt Facility for its Ordos Basin Gas Projects
Monday, September 01, 2014 Sino Gas & Energy secures $50 million debt facility from Macquarie Bank to fund its Ordos Basin gas projects in China's Shanxi province.
Sources: Sinopec Planning $1.5B Hong Kong IPO of Oilfield Services Unit
Friday, August 22, 2014 Sinopec is planning a $1.5 billion Hong Kong initial public offering for its oilfield services unit in the first half of 2015, people familiar with the matter said.

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Company Operations

Woodside Selects Lloyd's Register Energy to be a Global Inspection Provider
Wednesday, September 17, 2014 Woodside selects Lloyd's Register Energy to be one of the company's global inspection providers under a three year contract.
Keppel FELS Clinches $227M Contract from GDI to Build KFELS B Class Jackup
Wednesday, September 17, 2014 Keppel FELS clinches a $227 million contract from Gulf Drilling International to build a high-specification KFELS B Class jackup for delivery in early 2016.
Oil & Gas UK Announces Finalists for 2014 Industry Awards
Tuesday, September 16, 2014 Oil & Gas UK announces finalists in seven categories for its annual awards ceremony.
Bill Barrett To Sell Gas Assets, Buy Oil Properties
Tuesday, September 16, 2014 Bill Barrett Corporation plans to exchange most of its acreage in Wyoming's Powder River Basin for oil-producing assets in Colorado.
Maersk Says Drilling Unit Sells Venezuela Drilling Barge Activities
Tuesday, September 16, 2014 Denmark's A.P. Moller-Maersk says its offshore oil and gas drilling unit has sold its Venezuelan barge activities.
OMV's Huijskes To Leave In 2016 For 'Private Reasons'
Tuesday, September 16, 2014 OMV's head of exploration and production, Jaap Huijskes, will leave the company in the first half of 2016.
Apache Seeks To Sell Some Alberta Oil Properties
Tuesday, September 16, 2014 Apache says it plans to sell some of its oil and gas properties in Western Canada as it continues to winnow its portfolio of international assets.
Thailand's BCPE Gains Majority Ownership of Takeover Target Nido Petroleum
Tuesday, September 16, 2014 Thai refiner Bangchak Petroleum's unit BCPE gains majority ownership of its takeover target Nido Petroleum.
Swissco Acquires Liftboat for $56M to Tap Demand in the Market
Tuesday, September 16, 2014 Swissco Holdings acquires its first liftboat for $56 million as it hopes to tap demand in this market segment.

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