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Industry Headlines

Douglas-Westwood: 'Brazil - In Deep Trouble'
Monday, July 06, 2015 Dougals-Westwood comments on "Brazil - In Deep Trouble" in its latest edition of DW Monday.
Is Joint Development an Option as Tensions Mount in South China Sea?
Friday, July 03, 2015 As China's land reclamation activities in the South China Sea aggravate tensions, joint resource development has been mooted to cool rising temperatures in the regional territorial spat.
Rise of Crude-by-Rail May Best Be Viewed in the Rearview Mirror
Friday, July 03, 2015 Permitting woes plague Canadian railroads, which may give pipelines time to catch up to crude production.
Kinetic Mesh Offers Stable Wireless Network in Changing Environments
Friday, July 03, 2015 Kinetic mesh technology can create a "living" private wireless communication network, an official with Rajant Corporation tells Rigzone.
Oil Drops on Rising U.S. Rig Count
Friday, July 03, 2015 Oil prices fall as a rising US rig count stokes fears of global oversupply.
Oil Oversupply Meets Rising Demand in Quietest Market Since 2013
Friday, July 03, 2015 The sleepiest oil market since 2013 will probably limp through the second half of the year as well.
Rig Trends: Eastern Canada Rig Market Changing
Thursday, July 02, 2015 With operations moving into deeper waters and more harsh environments, the list of suitable rigs for Eastern Canada is shrinking.

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Exploration

Providence Increases Stake in Dunquin South Prospect
Monday, July 06, 2015 Independent explorer Providence Resources agrees to buy Atlantic Petroleum's four-percent stake in Frontier Exploration Licence 3/04, which lies in the Porcupine Basin offshore west Ireland.
San Leon Signs Morocco Onshore Rig Contract
Thursday, July 02, 2015 San Leon Energy signs a rig contract for the drilling of the El Aaiun-4 well on the Tarfaya license, onshore Morocco.
Det Norske Completes Ivar Aasen Delineation
Thursday, July 02, 2015 Det norske oljeselskap completes the drilling of three appraisal wells on the Ivar Aasen field.
Maersk Venturer to Mobilize to Hawkeye-1 Well in Palawan Basin in Late July
Thursday, July 02, 2015 The Maersk Venturer drillship will mobilize to drill the Hawkeye-1 exploration well in Service Contract 55 in the Palawan Basin, offshore Philippines in late July.
Statoil Finds Oil, Gas near Gina Krog Field in the North Sea
Wednesday, July 01, 2015 Statoil makes a minor oil and gas discovery near the Gina Krog field in the Norwegian North Sea.
Ocean America Mobilizing to Drill Levitt-1 Prospect in WA's Carnarvon Basin
Wednesday, July 01, 2015 Ocean America semisub is mobilizing to Levitt-1 prospect in permit WA-482-P offshore Western Australia to drill an exploration well in the first week of July.
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.

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Production

ONGC to Cut Gas Production in Arabian Sea Due to Pipeline Repair Work
Monday, July 06, 2015 India's ONGC will temporarily reduce production at its largest gas fields in the Arabian Sea due to repair work at an offshore pipeline that transport gas to shore, a local daily says.
WA's Ungani Oil Field on Track for Production Startup in Mid-July
Monday, July 06, 2015 Buru Energy says the Ungani oil field in Western Australia's Kimberly region is on track to commence production in mid-July.
AWE Continues Drilling at Waitsia-2 Appraisal Well in WA's Perth Basin
Monday, July 06, 2015 AWE continues to drill the Waitsia-2 appraisal well in Permits L1/L2 in the Perth Basin, Western Australia.
FPSO Cidade de Itaguai Arrives at Iracema Norte Area in Santos Basin
Monday, July 06, 2015 FPSO Cidade de Itaguai arrives in Iracema Norte area in Santos Basin, offshore Brazil to prepare for oil production in the third quarter of this year.
UK's Centrica Extends North Morecambe Gas Field Outage by 6 Hours
Friday, July 03, 2015 Centrica extends the duration of an unplanned outage at its North Morecambe gas field, offshore UK, by six hours.
Subsea 7 Secures Emergency Pipeline Repair Contracts Off Australia
Friday, July 03, 2015 Subsea 7 secures four contracts from Chevron and Inpex for the engineering, procurement and construction of an emergency pipeline repair system offshore Australia.
Technip Samsung Consortium Bag 2 Deals from Shell for Browse FLNG Project
Friday, July 03, 2015 The Technip Samsung consortium bags two contracts from Shell for the Browse floating liquefied natural gas project offshore Western Australia.
Origin Energy Evaluating Drilling Results of Yolla-5 Well in Bass Straits
Friday, July 03, 2015 Origin Energy is evaluating drilling results of the Yolla-5 development well in permit T/L1 in Bass Strait, offshore Australia.
PRL 15 JV Selects Key Infrastructure Sites for Elk-Antelope LNG Project
Friday, July 03, 2015 The PRL 15 Joint Venture selects key infrastructure sites for the Elk-Antelope gas field development in Papua New Guinea.
Russian Daily Oil Production Stays at Post-Soviet High in June
Thursday, July 02, 2015 Russian oil output remains at a post-Soviet high of 10.7 million barrels per day for the fourth month in a row.

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Finance and Investing

Petrobras Rig Supplier Said Close to Getting $4 Billion Loan
Friday, July 03, 2015 Sete Brasil, the oil rig-supplier embroiled in Brazil?s biggest graft scandal, expects to secure $4 billion in fresh funding to finish work on some rigs, says a person with direct knowledge of the matter.
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.

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Company Operations

Viking O&M Secures a $31M Land Rig Contract from a Chinese Firm
Monday, July 06, 2015 Singapore's Viking Offshore & Marine secures a $31 million land rig contract from a Chinese firm for work in North Africa.
Australian Energy Retailer AGL Writes Down Coal-Seam Gas Assets
Monday, July 06, 2015 AGL Energy, Australia's No. 2 energy retailer, says it will sell three coal-seam gas licences back to the government and write down the value of several more underperforming projects, cutting its net profit by $443 million.
Otto Marine Secures $26M Loan to Refinance Surf Challenger MPCV
Monday, July 06, 2015 Otto Marine secures $26 million loan to refinance the Surf Challenger multi-purpose construction vessel.
Minister: Indonesia Expects Total to Make Decision on Mahakam within Days
Friday, July 03, 2015 Total will decide over the next few days how much interest it will retain from 2018 in Indonesia's offshore Mahakam oil and gas block, according to the country's energy minister.
Samsung Heavy Industries Clinches $4.7B Contract to Build 3 FLNGs for Shell
Friday, July 03, 2015 South Korea's Samsung Heavy Industries clinches a $4.7 billion contract to construct three floating liquefied natural gas facilities for Shell.
Australia's Drillsearch Looking Globally for New CEO to Succeed Brad Lingo
Friday, July 03, 2015 Australia's Drillsearch Energy is looking globally for a new CEO after Brad Lingo's departure.
Cosco Agrees to Defer Delivery of a Semisub Floatel to Axis Offshore
Friday, July 03, 2015 China's Cosco Qidong agrees to defer delivery of a semisubmersible floatel to Axis Offshore to 2016, a year later than planned.
Bumi Armada Allocates More Funds from Rights Issue to FPSO, FGS Units
Thursday, July 02, 2015 Malaysia's Bumi Armada allocates more funds raised from a rights issue on its floating production, storage and offloading as well as floating gas solutions business units.
Opus Offshore Takes Delivery of Opus Tiger 1 Drillship in China
Thursday, July 02, 2015 Opus Offshore takes delivery of Opus Tiger 1 drillship from Shanghai Shipyard in China.

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