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Wednesday, August 27, 2014 - Germany's "Energiewende" (or Energy Transition) dream of pursuing an economy powered by renewables is in danger of turning into a nightmare, says Wintershall exploration and production director.
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Industry Headlines

Drilling Furiously: Chinese Energy Giants Turn Upbeat on Shale Gas
Friday, August 29, 2014 Sinopec and PetroChina have upgraded their outlook on China's shale gas industry, citing steadily declining costs, but stopped short of predicting a near-term boom.
Argentina's YPF Reaches Deal With Petronas To Develop Shale Oil
Thursday, August 28, 2014 YPF reaches a deal worth $550 million with Petronas to develop shale oil in the vast Vaca Muerta formation.
Kemp: Free Cash Flow Says Little About The Future Of Shale
Thursday, August 28, 2014 The independent companies at the forefront of the US shale boom will finally earn enough from selling oil and gas to cover their capital expenditures next year, for the first time since 2008.
Iraq To Appeal US Court Decision On Kurdish Oil
Thursday, August 28, 2014 The Iraqi oil ministry says it would challenge a US court decision that stopped US Marshals from seizing some one million barrels of disputed Kurdish oil docked near Texas.
Kemp: Joint Petroleum Development In The South China Sea
Thursday, August 28, 2014 Shared development of oil, gas and possibly other natural resources is the most promising option for reducing tensions in the South China Sea.
NHC: Hurricane Cristobal Seen to Become Extratropical Cyclone Late Friday
Thursday, August 28, 2014 Cristobal, the third hurricane of the 2014 Atlantic season, is expected to become a powerful extratropical cyclone over the north Atlantic.
Doctor Dies of Ebola In Nigeria's Oil Hub Port Harcourt
Thursday, August 28, 2014 A doctor in Nigeria's oil hub of Port Harcourt has died from Ebola after treating a contact of a Liberian-American man who was the first recorded case of the virus in Africa's most populous country.
Brent Falls, US Crude Rises As Global Demand Seen Weak
Thursday, August 28, 2014 Brent crude oil falls and US crude rises as ample global supply and lackluster demand pressure the global benchmark.

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Exploration

FT: Shell Submits Revised Drill Plan for Arctic
Friday, August 29, 2014 Shell has sought permission from the U.S. government to drill in the Arctic Ocean and is keeping open the possibility that it could drill there next summer, the Financial Times reports.
Africa Oil Corp. Updates on Drilling at its Kenya and Ethiopia Blocks
Friday, August 29, 2014 Africa Oil Corp. provides an updates on drilling operations at its blocks in Kenya and Ethiopia.
Crew Energy To Sell Alberta Assets For C$150M
Thursday, August 28, 2014 Crew Energy says it would sell its liquids-rich assets in Princess, Alberta for C$150 million to focus on the development of its core Montney properties in British Columbia.
Noble Strikes Additional Pay at Katmai in GOM
Thursday, August 28, 2014 Wireline logging data indicates a total of 154 net feet of crude oil pay in multiple reservoirs at the Katmai exploration well.
Rig Company Seadrill Hit by Profit Miss, Cautious Outlook
Wednesday, August 27, 2014 Offshore driller Seadrill reports second-quarter earnings below forecasts, offering a cautious outlook.
Santos to Commence Re-Entry Works at Mt Kitty Well in NT's Amadeus Basin
Wednesday, August 27, 2014 Santos plans to commence re-entry works to complete the evaluation of the Mt Kitty exploration well in permit EP 125 in Amadeus Basin, Northern Territory, Australia.
Australia's Northern Territory Government Awards EP145 to Trident Energy
Wednesday, August 27, 2014 Trident Energy receives the grant of permit EP145 in Australia's Northern Territory from the authorities, paving the way for Mosman Oil and Gas to acquire the firm.
Source: Repsol To Drill First phase Of Canary Islands Well On Its Own
Wednesday, August 27, 2014 Repsol, part of a consortium planning to explore for oil off the Canary Islands, will carry out the first phase of the project on its own, a source with knowledge of the matter says.

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Production

Laggan-Tormore Gas Field Stakeholder Expects Delay To Start Date
Thursday, August 28, 2014 The UK's Laggan-Tormore gas condensate fields in the North Sea will start production next year.
Kurdistan's Taza 2 Well Drilling Remains Suspended on Security Concerns
Thursday, August 28, 2014 Oil Search reports that drilling at Taza 2 appraisal well in Kurdistan, Iraq remains suspended due to security situation in the region.
Comet Ridge Updates on Reserves for Queensland's Mahalo Gas Project
Thursday, August 28, 2014 Comet Ridge receives an initial reserve certification statement for the Mahalo gas project in permit ATP 337P in Bowen Basin, Queensland, Australia.
Interra Spuds TMT-60 Well at Tanjung Miring Timur Field in Sumatra
Thursday, August 28, 2014 Interra Resources commences drilling development well TMT-60 at the Tanjung Miring Timur oil field in South Sumatra, Indonesia.
UK Buzzard Oilfield to Resume Oil Exports Thursday
Wednesday, August 27, 2014 The North Sea's Buzzard oilfield is due to resume exports Thursday after a shutdown earlier this week.
High Gas-Flow Tests Boost BG's Tanzania LNG Plans
Wednesday, August 27, 2014 BG Group says encouraging results from its latest test drill offshore Tanzania increases chances to develop an onshore LNG project in the country.

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Finance and Investing

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.
Santos' Underlying 1H 2014 Net Profit Up 3% YOY to $240M
Friday, August 22, 2014 Santos posts an underlying first half profit of $240.3 million, 3 percent more than last year, with the gains due to an earlier start-up of the PNG LNG project.
Dolphin Sees Possible Start of Dividend after 3Q Report
Wednesday, August 20, 2014 Seismic survey vessel operator Dolphin may soon start paying dividends after an improvement in its earnings.
Gulf's Topaz Energy Gets $75M Investment from Standard Chartered PE
Wednesday, August 20, 2014 Oman's Renaissance Services says its unit Topaz Energy and Marine had secured a $75 million investment from Standard Chartered Private Equity.
Reach Energy Whets Investor Appetite for Malaysian SPACs
Friday, August 15, 2014 Reach Energy, set up by veterans in Malaysia's oil and gas industry, made its market debut in Kuala Lumpur after completing the country's largest-ever initial public offering by a special purpose acquisition company (SPAC.)
Triple Energy Inks MoU for BSP to Invest $6M in Firm's CSG Project in China
Thursday, August 14, 2014 Triple Energy inks memorandum of understanding with Blue Sky Power for the latter to invest up to $6 million in the firm and its coal seam gas project in China.

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Company Operations

Kongsberg Bags Contract from BW Offshore for Catcher FPSO
Friday, August 29, 2014 Kongsberg Maritime Engineering bags contract from BW Offshore for Catcher floating production, storage and offloading vessel.
CNOOC Posts 6.8% Rise in Net Production in 1H 2014 to 211.6 MMboe
Friday, August 29, 2014 CNOOC posts a 6.8 percent increase in net production to 211.6 million barrels of oil equivalent in the first half of this year, compared to 198.1 MMboe a year ago.
Drillsearch Energy Ups Stake in Ambassador Oil & Gas to 84.2%
Friday, August 29, 2014 Drillsearch Energy raises stake in Ambassador Oil & Gas to 84.2 percent, with two of its nominees appointed directors of the latter.
Italy Aims To Complete Eni, Enel Stake Sales By December
Thursday, August 28, 2014 Italy's government says it is on course to sell stakes in energy groups Enel and Eni by the end of the year.
PetroChina 2Q Profit Rises 15%, Matches Estimates
Thursday, August 28, 2014 PetroChina posts a 15% increase in 2Q profit, partly due to higher upstream earnings and improved refining margins.
Loyz Posts Higher Net Attributable Profit in 4Q FY 2014
Thursday, August 28, 2014 Loyz Energy posts a net attributable profit of $0.64 million for the June quarter, boosted by crude oil sales from its newly acquired concessions in Thailand.
EOC Owns Lewek Antares After Acquiring 50% Stake from KMPL for $18.3M
Thursday, August 28, 2014 EOC takes full control of Lewek Antares Shipping after acquiring 50 percent share in the firm from Konquest Marine for $18.3 million.
WDS Bags $60.7M Contracts for GLNG, Daandine Projects in Australia
Thursday, August 28, 2014 WDS bags two contracts, worth $60.7 million, for work on Gladstone liquefied natural gas project and Daandine facility expansion project in Australia.
PEMEX Announces New Tender to Lease Semisub
Thursday, August 28, 2014 PEMEX announces new tender to lease without option to buy, of one semisubmersible drilling platform, S/S "M1".

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