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Industry Headlines

Rig Rout Puts Smaller Drillers in Front as Oil Majors Scale Back
Tuesday, June 30, 2015 Crude oil?s plunge is leaving drilling rigs idle from Africa to Latin America as the world?s biggest energy companies curtail spending and stall projects. Their smaller rivals are seizing the opportunity to gain ground.
Wintershall Calls for Better German Oil, Gas Regulation
Monday, June 29, 2015 Wintershall warns of job losses in Germany's oil and gas industry as it calls for a proportionate regulatory framework for the sector in the country.
BP, Anadarko Rejected by Top US Court on Gulf Spill Fines
Monday, June 29, 2015 The US Supreme Court rejected appeals from BP and Anadarko and left intact a ruling that opens the companies to potentially billions of dollars in fines for the 2010 Gulf of Mexico oil spill.
New York Formalizes Ban On Fracking, Ending 7-Year Review
Monday, June 29, 2015 New York formalizes its ban on high-volume hydraulic fracturing for natural gas after a 7-year environmental and health review.
UK Says Argentine Plan to Seize Falklands Oil Driller Assets 'Unlawful'
Monday, June 29, 2015 The UK government says any attempt by Argentina to seize assets of oil drillers operating in the Falkland Islands would be unlawful after an Argentine judge's order is made against six firms.
Cuadrilla Suffers Further Setback as Fracking Application Rejected
Monday, June 29, 2015 Cuadrilla Resources suffers another setback to its plans to frack for shale gas in northwest England after local authority rejects another application to drill in Lancashire.
On The Brink: Upstream Companies Increasingly Vulnerable To Collapse
Monday, June 29, 2015 Extended period of downturn in oil prices stretches energy finances to the point only the strongest may survive.
Petrobras Slashes Capex In Bid To Cut Debt, Restore Confidence
Monday, June 29, 2015 Petrobras slashes its long-term spending plan to the lowest level in 8 years as new management moves to reduce the industry's largest debt burden and pull the company out of a giant corruption scandal.
Oil Hits 3-Week Lows As Greek Crisis Worsens; Eyes On Iran
Monday, June 29, 2015 Crude futures hit 3-week lows as Greece shut its banks and imposes capital controls, causing widespread risk aversion.

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Exploration

Zion in Talks with Viking for Land Rig to Drill in Megiddo-Jezreel License
Tuesday, June 30, 2015 Zion Oil & Gas is in discussions with Viking Services for the provision of a land rig to drill a well in the Megiddo-Jezreel License area in Israel.
Shell Says Could Begin Arctic Oil Exploration Off Alaska in Late July
Tuesday, June 30, 2015 Shell could begin drilling for oil in the Arctic off Alaska as early as the third week in July, when it expects sea ice to begin clearing, a spokesman says.
TGS to Buy Seismic Data Library from Polarcus
Monday, June 29, 2015 TGS signs a letter of intent to acquire Polarcus's multi-client seismic data library for $27.5 million.
NSE Sells Australia's Cooper Basin, U.S. Assets to Sundance Energy for $18M
Monday, June 29, 2015 New Standard Energy agrees to sell its Australia's Cooper Basin assets and Colorado Country Project in the United States to Sundance Energy for $18.4 million.
Eni, KazMunayGas Enter Deal to Explore Isatay Block in Caspian Sea
Monday, June 29, 2015 Eni and KazMunayGas enter into an agreement to jointly explore the Isatay block in the north Caspian Sea, Kazakhstan.
Imperial Oil/Exxon/BP Group Defer Drilling In Canada's Arctic
Friday, June 26, 2015 Imperial Oil says it is deferring plans to drill an exploratory well in the Beaufort Sea in Canada's Arctic.
Red Emperor Raises Funds to Drill Hawkeye-1 Well Offshore Philippines
Friday, June 26, 2015 Red Emperor raises $4.53 million to fund drilling of the Hawkeye-1 exploration well in Service Contract 55 offshore the Philippines in late July.
Trapoil Drills Dry Well in UK North Sea
Thursday, June 25, 2015 Trapoil has come up dry in the Niobe exploration well, located in License P.1889 in the UK North Sea.

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Production

CNPC Commences Construction of Chinese Segment of Russia-China Gas Pipeline
Tuesday, June 30, 2015 CNPC commences construction of the Chinese segment of the Eastern Route of the Russia-China Gas Pipeline.
Technip Bags Brazil's Libra Oil Field FPSO Contact from Jurong Shipyard
Tuesday, June 30, 2015 Technip bags an engineering and procurement services contract from Jurong Shipyard for the floating production, storage and offloading vessel for deployment to Brazil's offshore Libra oil field.
China's Slowing Gas Demand Raises Supply Concern in Australia
Tuesday, June 30, 2015 China's weakening appetite for super-cooled natural gas is raising concerns that the industry is facing a glut as global supply grows.
Gulf Keystone Signs Domestic Oil Sales Contract in Iraqi Kurdistan
Monday, June 29, 2015 Gulf Keystone Petroleum signs a six-month contract with a crude oil buyer in Iraqi Kurdistan, boosting its cash flow prospects.
Australia's Origin Expects Chinese LNG Buyer to Fulfill Contract
Monday, June 29, 2015 Origin Energy expects Sinopec to fulfill its agreement to purchase liquefied natural gas from a $19 billion export project in Australia.
Oilex Commences Gas Sales from Cambay-73 in Gujurat's Cambay Field
Monday, June 29, 2015 Oilex commences gas sales from Cambay-73 to local market near the Cambay Field in Gujurat, India.
AWE Spuds Waitsia-2 Appraisal Well in Western Australia's Perth Basin
Monday, June 29, 2015 AWE spuds Waitsia-2 appraisal well in Permits L1/L2 in Western Australia's Perth Basin.
Circle Oil Confirms Flow Rates at LAM-1 Onshore Morocco
Friday, June 26, 2015 Circle Oil confirms gas flow rates at the LAM-1 well, located on the Lalla Mimouna Permit onshore Morocco.
China's CNPC Signs Contract to Build Second Pipeline for Russian Crude
Friday, June 26, 2015 CNPC has signed a construction contract for a second domestic pipeline to carry Russian crude oil from Mohe to Daqing, a company-run newspaper says.

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Finance and Investing

China's Shouyang CBM Operator FEEC Enters Into $4M Loan Facility Agreement
Tuesday, June 30, 2015 Far East Energy, operator of the Shouyang coalbed methane production sharing contract in China, enters into a $4 million term loan facility agreement and secures an extension on an existing $1.4 million loan facility.
Mexico's Alfa Says Offer for Pacific Rubiales is 'Fair and Final'
Friday, June 26, 2015 Alfa says the offer it and Harbour Energy have made to buy oil company Pacific Rubiales is "full, fair and final".
Petrofac Expects Full Year Profit to be Weighted Towards H2
Tuesday, June 23, 2015 Petrofac expects its net profit for the year to be weighted towards the second half and states that its order book at the end of May had grown to $20.5 billion.
Carlyle Backs Former Cairn Energy Execs' Indian Venture
Monday, June 22, 2015 Carlyle Group will invest up to $500 million in Magna Energy Ltd, a new India-focused upstream oil and gas company co-founded by two former Cairn Energy executives.
Kansas MLP, Tallgrass Energy Stand Out with Dropdown Opportunities
Tuesday, June 16, 2015 Tallgrass Energy's hefty asset backlog and its fee-based structure that can withstand a volatile market attract investment banks.
KrisEnergy to Raise $123M for Thailand, Bangladesh Development Projects
Tuesday, June 16, 2015 KrisEnergy launches rights issue to raise $123 million to support its development projects in Thailand and Bangladesh.
Mosman Oil and Gas Fails in Bid to Acquire MEO Australia
Monday, June 15, 2015 Mosman Oil and Gas fails in bid to acquire MEO Australia.

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Company Operations

Liannex Offers $60.4M for Malaysian FPSO Firm Yinson's Non-Oil, Gas Units
Tuesday, June 30, 2015 Liannex Labuan offers to acquire the non-oil and gas business of Malaysia's floating production, storage and offloading firm Yinson Holdings for $60.4 million.
Otto Marine Lands $131M in New Orders in 2Q 2015, Lifted by Chartering Unit
Tuesday, June 30, 2015 Otto Marine secures $131 million contract in new orders in the second quarter, thanks largely to its chartering business.
Polish Minister to Meet Builder Saipem on Delayed LNG Terminal
Monday, June 29, 2015 Polish treasury minister Andrzej Czerwinski will meet Italian construction firm Saipem next week to ensure a liquefied natural gas terminal opens in 2015 after numerous delays.
Swire Oilfield Services Secures 5 Year Contract with Weatherford in Brazil
Monday, June 29, 2015 Swire Oilfied Services secures a five year contract with Weatherford in Brazil.
COSL Takes Delivery of Newbuild AHTS from Cosco Guangdong
Monday, June 29, 2015 Cosco Guangdong delivers a newbuild anchor handling tug supply vessel to COSL.
Thailand's PTT Names Subsidiary Head Tevin as New CEO
Friday, June 26, 2015 PTT has appointed Tevin Vongvanich, head of subsidiary PTTEP, to become the chief executive officer of Thailand's biggest energy firm, PTT's chairman says.
Rosneft First-Quarter Profit Falls 35% After Oil Prices Drop
Friday, June 26, 2015 Russia's largest oil producer, said first-quarter profit fell 35%, hurt by last year's decline in crude prices.
Lukoil Launches New Oil Refining Installation
Thursday, June 25, 2015 Lukoil puts its new ELOU AVT-1 oil refining installation into operation in Volgograd, Russia.
How to Beat Workplace Shyness, Advice from Mary, an IT Manager at Shell
Friday, June 26, 2015 Mary Jarrett became "successfully shy" with the support of her colleagues. Discover how overcoming her struggle with shyness has set her on track to fulfilling her career potential.

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