Industry Headlines

KRG to Pay Producing IOCs from September 2015
Monday, August 03, 2015 The Kurdistan Regional Government's Ministry of Natural Resources announces that the KRG will pay producing international oil companies a portion of the revenue from its direct crude oil sales, on a monthly basis, from September 2015 onwards.
EU Regulators Suspend Review of Halliburton, Baker Hughes
Monday, August 03, 2015 European Union antitrust regulators suspend their review of Halliburton's $35-billion bid for oilfield services rival Baker Hughes.
Kemp: Caught In The Cross-Fire - Non-OPEC, Non-Shale Producers
Monday, August 03, 2015 The biggest losers from the current price war between OPEC and the shale producers seem set to be producers outside the Middle East and North America caught in the cross-fire.
Oil CEOs' Grim Outlook Rubs Off on Speculators Fleeing Market
Monday, August 03, 2015 The world's biggest oil companies are painting a grim picture of the future and speculators are listening.
Cracking Open Re-fracking: A Flush Rush or Idle Probing?
Monday, August 03, 2015 The industry has attempted re-fracking for years, but now it's about more than extending the life of a well - it's a matter of putting people back to work.
Oil Dives 5% To Six-Month Low Under $50 On China Worry
Monday, August 03, 2015 Oil prices lurch 5% lower to their lowest since January, taking global benchmark Brent below $50 a barrel.
Survey: OPEC Oil Output Hits New High In Market Share Push
Friday, July 31, 2015 OPEC oil output reaches highest monthly level in recent history in July, a Reuters survey finds.
Oil Drops For 5th Week; US Crude In Biggest Monthly Fall Since 2008
Friday, July 31, 2015 US crude posts its biggest monthly drop since the 2008 financial crisis.



Octanex Seeks Retention Lease for Ascalon Gas Find Off Western Australia
Tuesday, August 04, 2015 Octanex moves to obtain a retention lease for the Ascalon gas discovery in permit WA-407-P in Southern Bonaparte Basin, offshore Western Australia.
Oil Industry Slams Terms of Brazil's Planned Block Auction
Tuesday, August 04, 2015 Terms for Brazil's 13th Oil Round, in which the government hopes to sell rights to 266 exploratory blocks in early October, "are the worst ever", the Brazilian Petroleum Institute (IBP) that represents potential investors says.
Circle Oil to Plug and Abandon NFA-1 Well Onshore Morocco
Monday, August 03, 2015 Circle Oil will plug and abandon the NFA-1 exploration well, which is located on the Lalla Mimouna permit onshore Morocco.
Polarcus Wins 3D Seismic Project
Monday, August 03, 2015 Polarcus wins a 3D marine seismic project that will use its RightBAND technology, but the client and location remain secret.
BP To Relinquish Three Offshore Blocks In Uruguay
Monday, August 03, 2015 BP halts its deepwater exploration activities off Uruguay as it prioritizes lower-risk projects at a time of low international prices, an official at Ancap says.
Otto Energy Spuds Hawkeye-1 Prospect in SC 55 Offshore Palawan Basin
Monday, August 03, 2015 Otto Energy spuds Hawkeye-1 exploration well in Service Contract 55, offshore Palawan Basin in the Philippines.
Pakistan's OGDCL Makes Oil Discovery at Chak Naurang South-1 well in Punjab
Friday, July 31, 2015 Oil and Gas Development Company Limited makes an oil discovery at the Chak Naurang South-1 well in Punjab, Pakistan.
Inpex to Drill Exploration Well Offshore Japan in May 2016
Friday, July 31, 2015 Inpex will drill an exploratory well offshore Japan's Yamaguchi and Shimane prefectures in May 2016.
Russia's Rosneft, US Exxon Jointly Bid for Fields in Mozambique
Thursday, July 30, 2015 Russia's Rosneft and ExxonMobil jointly apply to participate in a tender for hydrocarbon fields in Mozambique.



InterOil to Drill Antelope 4 Sidetrack Well in PNG's PRL 15 Soon
Tuesday, August 04, 2015 Oil Search reveals that InterOil will be drilling the Antelope 4 well in Petroleum Retention License 15 in Papua New Guinea soon.
BW to Provide FSRU to EGAS for Deployment to Ain Sokhna, Egypt
Tuesday, August 04, 2015 BW secures contract to provide a floating storage regasification unit to the Egyptian Natural Gas Holding Company in Ain Sokhna, Egypt.
UKCS Oil, Gas Production Set to Rise for First Time in 15 Years
Monday, August 03, 2015 Oil & Gas UK states that oil and gas production from the UK Continental Shelf is set to rise for the first time in 15 years, according to provisional figures from the Department for Energy.
Energy Officials: Sabotaged Iraq-Turkey pipeline to resume on Tuesday
Monday, August 03, 2015 Iraq's oil pipeline to Turkey is expected to resume pumping on Tuesday after sabotage by Kurdish militants, according to Turkish energy officials.
First Oil Achieved from Cidade de Itaguai FPSO Offshore Brazil
Monday, August 03, 2015 BG Group reports first oil from the Cidade de Itaguai FPSO vessel that is producing from the Iracema North area of the Lula field offshore Brazil.
PT Donggi Senoro LNG Ships First LNG Cargo to Arun Terminal in Sumatra
Monday, August 03, 2015 Indonesia's PT Donggi Senoro LNG ships its first liquefied natural gas cargo from Sulawesi, Indonesia to Arun LNG terminal in north Sumatra.
Total Takes Over as Operator of PRL 15 in Papua New Guinea's Gulf Province
Monday, August 03, 2015 Total takes over as operator of Petroleum Retention License 15 in the Gulf Province of Papua New Guinea.
China State Firms to Start Pumping New Oil in Iran
Friday, July 31, 2015 China's state oil giants are set to start pumping a combined 160,000 barrels per day at two projects in southwestern Iran from around October, according to sources.


Finance and Investing

Diamond Offshore Drilling Revenues Drop, Net Income Rises
Monday, August 03, 2015 Diamond Offshore Drilling announces a $58 million revenue loss and slight net income increase in the second quarter of 2015, compared to the same period last year.
Atlantic Petroleum Seeks Buyers
Monday, August 03, 2015 Atlantic Petroleum's management team has been authorized to put the company up for sale.
Canadian Oil Sands Producer Athabasca Oil Cuts Capex
Friday, July 31, 2015 Canada's Athabasca Oil, which processes oil sands to produce crude, says it would cut its capital expenditure by nearly 5 percent as oil prices stay low.
TGS: $65 Million Revenue Loss in 2Q 2015
Thursday, July 30, 2015 TGS reveals a net revenue loss of $65 million in the second quarter of 2015, compared to the same period last year.
Technip Swings to Loss As Oil Industry Downturn Lasts
Thursday, July 30, 2015 Technip swings to a loss in the second quarter after Europe's biggest oil-services provider took a writedown amid an industry downturn it expects to last for longer than anticipated.
Samsung Heavy Reports Quarterly Operating Loss of $1.3B
Wednesday, July 29, 2015 Samsung Heavy Industries Co., South Korea?s third-largest shipbuilder, reports an operating loss of $1.3 billion in the second quarter, far worse than analysts were expecting.


Company Operations

PetroChina Wins Dismissal of Securities Lawsuit in US
Tuesday, August 04, 2015 PetroChina wins dismissal of a securities-fraud lawsuit by investors who accused the company of failing to disclose corruption that exposed it to government investigations and penalties.
Malaysia's SapuraKencana Forms JV to Undertake Oil, Gas Projects in Brunei
Tuesday, August 04, 2015 Malaysia's SapuraKencana Petroleum forms joint venture in Brunei to undertake oil and gas projects in the country.
Origin Energy to Sell 53.09% Stake in NZ's Contact Energy for $1.18B
Tuesday, August 04, 2015 Australia's Origin Energy agrees to sell its entire 53.09 percent interest in New Zealand's Contact Energy for $1.18 billion, with the proceeds to be used to reduce cost and debt.
Ascent Resources Appoints New CFO
Monday, August 03, 2015 Ascent Resources appoints Jennifer M. Grigsby as its new chief financial officer, effective August 1, 2015.
MOGE to Name Firms in End 2015 to Develop Myanmar's Offshore Supply Bases
Monday, August 03, 2015 Myanmar Oil and Gas Enterprise expects to appoints firms to develop new offshore supply bases to support greater upstream activities in late 2015 or early 2016.
Devon Energy Names COO Hager As Chief Executive Officer
Monday, August 03, 2015 Devon Energy names Dave Hager chief executive officer.
Cooper Energy Inks HoA for Gas Sale from Sole Field in Gippsland Basin
Monday, August 03, 2015 Cooper Energy inks heads of agreement with O-I Australia for the sale of gas from the Sole field in the Gippsland Basin, Australia.
China's Petro-king Lands $7.7M Contracts from Sinopec, Beijing Jiuzun
Monday, August 03, 2015 China's Petro-king Oilfield Services lands $7.7 million contracts from Sinopec Northern China and Beijing Jiuzun.
NGP Still Defaults on $27M Payment for Thailand's Manora Development Cost
Monday, August 03, 2015 Australia's Tap Oil says Northern Gulf Petroleum remains in default on a $27 million payment for project costs of the Manora oil development in the Gulf of Thailand.
Noble Energy Profit Beats Estimates As Production Rises
Monday, August 03, 2015 Noble Energy reports a a better-than-expected quarterly profit as higher production helps offset the impact of a slump in crude prices.



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