Industry Headlines

Alberta's Possible Pivot To The Left Alarms Canadian Oil Sector
Monday, May 04, 2015 Canada's oil-rich province of Alberta is on the cusp of electing a left-wing government that can make life harder for the energy industry with its plans to raise taxes.
OPEC Says Speculation Played Large Role in Drop in Oil Prices
Monday, May 04, 2015 Oil supply and demand don't fully justify the 60% drop in prices between June and January as speculation also played a role, OPEC said.
DAS Technology Expands Fiber Optic Applications for Oil, Gas Industry
Monday, May 04, 2015 Distributed acoustic sensing technology expands the applications for fiber optics use in the oil and gas industry.
New Zealand's Oil, Gas Industry Has Potential for Further Growth
Monday, May 04, 2015 Despite a changing industry environment, including low oil prices, Venture Taranaki sees potential for New Zealand's petroleum sector to experience further growth.
Flexibility is Key in Current Hiring Market
Friday, May 01, 2015 Diversifying the workforce during the downturn is essential. Here's how job seekers can set themselves apart.
Outlook: Exploring the Next Generation of Oil, Gas Employees
Friday, May 01, 2015 Industry experts talk about the next generation of employees - exploring what kinds of candidates recruiters are looking for and how candidates can make themselves marketable.
Navigating the Oil, Gas Cycles
Friday, May 01, 2015 History has shown that just as a downturn is a natural part of this cyclical business, so is survival - for both companies and the people that drive them toward success.
Waiting for the Offshore Hiring Pendulum to Swing Back
Friday, May 01, 2015 Opportunities still exist for offshore pros, and here's how you can put yourself in a prime position when the next uptick begins.



Baker Hughes: US Weekly Oil Rig Count Decline Slows
Friday, May 01, 2015 The fall in the US oil rig count slowed this week, data shows, suggesting the collapse in drilling may be coming to an end as prices recover after falling 60% from June to March.
Shell Pushes on with Arctic Exploration as it Awaits US Permit
Thursday, April 30, 2015 Royal Dutch Shell pushes ahead with plans to explore for oil in the Arctic Ocean near Alaska in spite of opposition from environmental groups.
Energy Ministry Terminates Block VIb PSC in Georgia
Thursday, April 30, 2015 The Ministry of Energy terminates the production sharing contract over Block VIb in Georgia.
Exoma Finalizing Withdrawal from Queensland's Galilee JV Permits
Thursday, April 30, 2015 Exoma Energy is still finalizing withdrawal from the Galilee Joint Venture exploration permits in Queensland, Australia.
Shell Looks With 'Keen Interest' at Offshore Brazil Assets
Thursday, April 30, 2015 Shell will look with "keen interest" at any subsea deep water oil assets Petrobras puts up for sale, Chief Executive Officer Ben van Beurden says.
Falcon O&G and Partners Prepare for Drilling Program in NT's Beetaloo Basin
Thursday, April 30, 2015 Falcon Oil & Gas and partners prepare for a drilling program in the Beetaloo Basin permits in Australia's Northern Territory in mid-2015.



TANAP to Hold Talks with Foreign Companies on Partnerships
Monday, May 04, 2015 Turkey's energy minister says partners in the Trans-Anatolian Natural Gas Pipeline (TANAP) will hold takes with foreign companies for possible partnerships.
Drilling Test Results at Sumatra's Bunian-3 ST2 Well Better-Than-Expected
Monday, May 04, 2015 Cooper Energy reports better-than-expected results from drilling the Bunian-3 ST2 development well in Sukananti SKO in South Sumtara, Indonesia.
Enegi Signs Up Apollo to Marginal Field Consortium
Friday, May 01, 2015 Enegi Oil subsidiary ABTOG signs up Apollo Offshore Engineering as a partner to build technical solutions for developing marginal fields, but Wood Group PSN decides not to join the venture.
Azeri SOCAR Assumes Statoil's Pipeline Project Operating Rights
Friday, May 01, 2015 Statoil hands over its commercial operating rights over the gas-carrying South Caucasus Pipeline project to Azeri state energy firm SOCAR.
Eni Commences Production at Cinguvu Oil Field in Block 15/06 Off Angola
Thursday, April 30, 2015 Eni commences production at the Cinguvu oil field in Block 15/06 offshore Angola.
Kongsberg Maritime Lands Yinson Genesis FPSO Contract
Thursday, April 30, 2015 Kongsberg Maritime lands $26.6 million engineering services and technology contract for the Yinson Genesis floating production, storage and offloading vessel.


Finance and Investing

Polish Billionaire Kulczyk Puts Stake In Ophir Energy On Market
Wednesday, April 29, 2015 Poland's richest man, Jan Kulczyk, has put his 8% stake in Ophir Energy on the market, bookrunner JP Morgan Securities said in a statement.
Argentina's YPF Sells $1.5B Of Bonds, Tripling Sale
Thursday, April 23, 2015 YPF says it sold $1.5 billion of new 10-year bonds at 8.5%, raising its planned issuance from $500 million on the back of strong demand.
CEO: Petrobras Spending To Be Gauged Based On Cash Flow
Tuesday, April 28, 2015 Petroleo Brasileiro will determine future capital spending plans depending on the oil producer's ability to generate cash and obtain fresh financing, CEO Aldemir Bendine says.
Petrobras Takes $17B Charge In Wake Of Scandal, Promises 'Normality'
Thursday, April 23, 2015 Petrobras reports its biggest-ever loss, the result of a $16.8 billion write-down in the wake of a massive corruption scandal.
Sources: Argentina's YPF Wants To Issue New 10-Yr Bond
Wednesday, April 22, 2015 YPF wants to issue a new 10-year bond which it could price close to 8.75%, banking sources told Thomson Reuters publication IFR, a day after a sovereign bond auction met with strong demand.
BG to Alter Financial Reporting to Reflect Brazil, Australia Growth
Tuesday, April 21, 2015 Gas producer BG Group plans to adjust its financial reporting to better reflect the growing importance of its Brazilian and Australian operations.


Company Operations

New Subsea Integrity Firm UIS Launched at OTC 2015
Monday, May 04, 2015 Underwater Integrity Solutions gets $150 million as the new subsea integrity firm is launched at Houston's Offshore Technology Conference.
Diamond Offshore Scraps Rigs As Demand Weakens
Monday, May 04, 2015 Diamond Offshore turns from profit to loss due to an impairment charge of $319 million.
Sinopec Chairman Fu Chengyu Retires
Monday, May 04, 2015 Fu Chengyu, chairman of Sinopec Group, retires.
Lamprell Delivers Newbuild Jackup Butinah to NDC
Monday, May 04, 2015 Lamprell delivers newbuild Butinah jackup to Abu Dhani's National Drilling Co. within budget.
TransCanada Profit Lifted By US Pipeline Operations
Friday, May 01, 2015 TransCanada reports a 10% rise in comparable earnings, helped by the positive impact of a stronger US dollar on its US pipeline operations and profits at its power businesses.
Saudi Arabia Restructures Oil Giant Aramco
Friday, May 01, 2015 Saudi Arabia is restructuring the world's biggest energy company, Saudi Aramco, in a move apparently aimed at letting it operate more at arm's length from the powerful oil ministry.



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