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Dutch Court Rejects Request to Cut Gas Output at Eemskanaal
Friday, May 29, 2015 A Dutch court rejects an application to have gas production halted at Eemskanaal due to concerns that continued extraction is causing earth tremors.
Chinese Teapots Provide Edge Over US for World's Top Oil Buyer
Friday, May 29, 2015 China's lead over the U.S. as the world's biggest buyer of crude oil is poised to get bigger, and it's largely thanks to teapots.
Report: Long-Term Focus Needed to Solve Oil, Gas Talent Crisis
Thursday, May 28, 2015 A report by KPMG and Rigzone shows that oil and gas companies should implement long-term approaches to address the talent crisis.
At Least 3 Injured After Tornado Hits Texas Gas Drilling Rig
Thursday, May 28, 2015 At least three people were injured when a tornado hit a natural gas drilling rig in northern Texas, the Hemphill County sheriff and a hospital official say.
NTSB: Kulluk Towing Plan 'Insufficient' to Meet Risks
Thursday, May 28, 2015 NTSB concludes Shell failed to implement a towing plan for the Kulluk drilling rig sufficient to address the risks of towing the rig from Alaska to Seattle.
Soiled by Oil Scandal, Brazil's Model Is Primed for Makeover
Thursday, May 28, 2015 Crisis and disappointment in the oil sector are beckoning Brazil's leadership.
Alberta Wildfires Burn For 6th Day, 10% Of Oil Sands Crude Offline
Thursday, May 28, 2015 Firefighters battled wildfires in northern Alberta, Canada's biggest crude-producing region, for a sixth day, with two blazes near oil sands facilities still out of control.
End of Oil Glut Seen Nigh as World's Use Set to Top Production
Thursday, May 28, 2015 The global crude market will shift into a deepening deficit in the fourth quarter amid a draw down in US stockpiles, according to Standard Chartered Plc.
No. 2 Offshore Oil Driller Seadrill Sees Industry Pain Through 2016
Thursday, May 28, 2015 The world's second biggest offshore oil driller, Seadrill, predicts years of pain for the global rig market.
US Rig Count Stops Hemorrhaging, But For How Long?
Thursday, May 28, 2015 Analysts note a modest increase in the US rig count, but acknowledge it may not mean a turnaround is in the near future.
Venezuela, Russia's Rosneft Agree On $14B Oil, Gas Investment
Thursday, May 28, 2015 Venezuela and Russia's top oil producer, Rosneft, have agreed on around $14 billion in investment in the South American OPEC country's oil and gas sector, President Nicolas Maduro says.

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Exploration

Falcon Oil & Gas Commences Drilling Operations in Beetaloo Basin
Friday, May 29, 2015 Falcon Oil & Gas announces that operations have commenced on its three well drilling campaign in the Beetaloo Basin, located in the Northern territory of Australia.
Premier Oil Exits Onshore Block 2B in Kenya
Friday, May 29, 2015 Premier Oil withdraws from onshore Block 2B in Kenya.
Petrobras, Galp, QGEP, Barra Confirm Large Brazil Oil Discovery
Friday, May 29, 2015 Petrobras, Portugal's Galp and Brazilian oil companies QGEP and Barra Energia have confirmed that the giant Carcara offshore find extends far beyond the initial discovery, Barra says.
Key Petroleum Prepares for Dunnart-2 Completion, Testing Ops in Perth Basin
Friday, May 29, 2015 Key Petroleum to commence completion and testing operations at Dunnart-2 well in permit EP437 in Western Australia's onshore Perth Basin shortly.
NPD Grants Det Norske Drilling Permit for Ivar Aasen Field
Thursday, May 28, 2015 The Norwegian Petroleum Directorate grants Det Norske Oljeselskap a drilling permit for well 16/1-22 A in the Ivar Aasen field.
Isobel Deep Hits Oil North of the Falklands
Thursday, May 28, 2015 Premier Oil announces that oil has been discovered at the 14/20-1 Isobel Deep well in the North Falkland Basin.
Kina Prepares to Further Drilling at Raintree-1 Well in PPL 337 in PNG
Thursday, May 28, 2015 Kina Petroleum prepares for further drilling at the Raintree-1 exploration well in PPL 337 in Papua New Guinea.
CNOOC Makes Oil Discovery at Liuhua 20-2 Block in South China Sea
Thursday, May 28, 2015 CNOOC makes a mid-sized oil discovery at Liuhua 20-2 block in the eastern South China Sea.
Atlantic Petroleum Withdraws from Gymir Prospect in Norwegian Sea
Wednesday, May 27, 2015 Atlantic Petroleum announces that it is withdrawing from the Gymir prospect on License PL602 in the Norwegian Sea.
Woodside Withdraws from Lake Tanganyika South Block in Tanzania
Wednesday, May 27, 2015 Woodside withdraws from Lake Tanganyika South block in Tanzania.

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Production

Total CEO: Funds for Yamal LNG to be Unblocked by End-2015
Friday, May 29, 2015 Total CEO says he expects funding for the $27-billion Yamal LNG project to be made available by lenders before the of the year.
Xcite Confirms $35-per-Barrel Costs for Bentley Field
Friday, May 29, 2015 Xcite Energy makes a small loss for the first quarter were confirming the project economics for the development of its Bentley field work out at $35 per barrel.
PPP Drops Plans to Sell Stakes in NZ's Tui Oil and Vietnam's CRD Projects
Friday, May 29, 2015 Pan Pacific Petroleum drops plans to sell its stakes in New Zealand's Tui oil project and Vietnam's Ca Rong Do project.
Indonesia's Pertamina Proposes to Take over Sanga-Sanga Oil Block
Friday, May 29, 2015 Pertamina has put forward a proposal for it to take over the Sanga-Sanga oil block, Wiratmaja Puja, director general oil and gas at Indonesia's Energy Ministry, tells reporters.
AWE Continues Drilling at Waitsia-1 Appraisal Well in Western Australia
Friday, May 29, 2015 AWE continues drilling at Waitsia-1 appraisal well in Perth Basin, Western Australia to test gas potential of the Waitsia field.
AOD Reduces Day Rates for 3 Jackups Working for Saudi Aramco
Friday, May 29, 2015 Asia Offshore Drilling reaches agreement with Saudi Aramco to reduce day rates for three jackups operating offshore Saudi Arabia.
DNO Announces Production Increase at Tawke Field in Iraq
Thursday, May 28, 2015 DNO reports that oil production at the Tawke field in the Kurdistan region of Iraq has increased between 1Q and 2Q, 2015.
AMEC Foster Wheeler Bags Pre-FEED Contract for LNG Plant in Timor-Leste
Thursday, May 28, 2015 Amec Foster Wheeler bags a $3.8 million pre-FEED contract from the Timor-Leste government for the proposed liquefied natural gas plant in the country.
Big US Shale Field Marcellus Faces Output Drop Due To Low Gas Prices
Thursday, May 28, 2015 Natural gas production in the Marcellus shale, which has grown over the past decade from next to nothing to the source of about a fifth of US output, may decline for the first time.
Jura Posts Test Results for Reti-2 Well in Pakistan's Central Indus Basin
Thursday, May 28, 2015 Jura Energy provides post stimulation testing results of the Reti-2 development well in the Guddu Block in Central Indus Basin, Pakistan.
Lion Confirms Major Gas Potential at Seram (Non-Bula) PSC in Indonesia
Thursday, May 28, 2015 Lion Energy says test results at Lofin-2 well in Seram (Non-Bula) production sharing contract in eastern Indonesia confirm significant gas potential in the block.

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Finance and Investing

Afren to Receive $93 Million Cash Boost Following Revenue Decrease
Friday, May 29, 2015 Afren announces that it will receive an extra $93 million in net cash proceeds, following a difficult financial year.
Songa Offshore Reports Total Revenue Decrease in 1Q 2015
Friday, May 29, 2015 Songa Offshore reports that total revenue for the company decreased from $154.7 million in 1Q 2014 to $108.3 million in 1Q 2015.
Providence Resources Reports $12 Million Loss in 2014
Wednesday, May 27, 2015 Providence Resources reports a loss of $12.4 million dollars in its preliminary results for the year ended December 31, 2014.
Bumi Armada's 1Q 2015 Net Profit Up 11.2% to $19M, Lifted by FPSO Segment
Wednesday, May 27, 2015 Bumi Armada posts an 11.2 percent increase in net profit for first quarter 2015 to $18.5 million, with gains due mainly to contributions from its floating production business.
American Energy Partners Units Seek Bonds Deals in Oil Slump
Wednesday, May 27, 2015 Two oil and gas units of Aubrey McClendon's American Energy Partners LP are seeking bond deals after cutbacks in planned production.
Range Resources Secures Funding Deal with Chinese Investment Group
Tuesday, May 26, 2015 Range Resources signs Memorandum of Understanding with Beijing Sibo Investment Management, which could unlock up to $35 million of funding.
ONGC Videsh's FY 2015 Net Profit Falls 57% Due Mainly to Lower Oil Prices
Tuesday, May 26, 2015 ONGC Videsh recorded a 57.16 percent decline in net profit for financial year 2015 that ended March 31 due mainly to lower oil prices.
Eland Sees Reduced Loss
Friday, May 22, 2015 Eland Oil & Gas reveals a $16-million loss in its full-year results for 2014, which compares favorably to a loss of $26 million in 2013.

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Company Operations

Polarcus Signs Seismic Services Deal with NAMCOR
Friday, May 29, 2015 Polarcus signs a deal to collaborate on seismic data acquisition and geoscience analysis with the National Petroleum Corporation of Namibia.
Circle Oil Appoints New CEO
Friday, May 29, 2015 Circle Oil announces the appointment of Mitchell Robert Flegg as the new Chief Executive Officer of the company.
Cosco Guangdong Agrees to Defer Delivery of 2 PSVs to U.S. Firm to Mid-2016
Friday, May 29, 2015 China's Cosco Guangdong Shipyard agrees to defer delivery of two platform supply vessels to a U.S. firm to mid-2016.
Tidewater Maintains Weak OSV Outlook, but Positioned for Opportunities
Thursday, May 28, 2015 Despite lower revenues and utilization, Tidewater is well-positioned to take advantage of acquisition and investment opportunities in the global OSV market, company officials say.
Synergy Resources Corporation Appoints Lynn Peterson as President
Thursday, May 28, 2015 Synergy Resources Corporation announces that Mr Lynn Peterson has joined the executive team as President.
DNV Appoints New CEO, Who Warns of Tough Times
Thursday, May 28, 2015 Remi Eriksen, the newly-appointed CEO of offshore safety assessment business DNV, says the firm sees challenging market developments.
Ithaca Energy Shares Slide after Disclosing North Sea Dispute
Thursday, May 28, 2015 UK North Sea-focused Ithaca Energy says it has received a legal claim regarding its Greater Stella Area oilfield in the North Sea.
Galp, Petrobras Return Caramba Oil Prospect
Thursday, May 28, 2015 Galp Energia and Petrobras return the Caramba oil block to Brazil's ANP regulator after finding it is not commercially viable.
Drone Inspection Firm Sky Futures Wins New Investment
Thursday, May 28, 2015 Oil and gas inspection firm Sky Futures wins an investment of up to $1 million for its drone-based inspection technology from San Francisco investor Airware.
BMT Clinches Contract for Africa's First LNG Import Terminal in Ghana
Thursday, May 28, 2015 BMT clinches contract from Endeavor Energy for Africa's first liquefied natural gas import terminal in Ghana.

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