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Industry Headlines

Refracking Fever Sweeps Across Shale Industry After Oil Collapse
Tuesday, July 07, 2015 For an industry hammered by a 50 percent drop in crude prices over the past year, refracking may provide a much needed sense of hope.
Velocys Suspends CEO for Alleged Misconduct
Monday, July 06, 2015 Velocys will investigate CEO Roy Lipski over allegations of serious misconduct.
LINN Exits Permian with $281M Deal, Completes Strategic Funding Initiatives
Monday, July 06, 2015 LINN Energy exits the Permian Basin and seals deals with private capital to fund acquisitions and development.
Norway Baffles Analysts by Ceding 15 Million Barrels of Oil
Monday, July 06, 2015 The move to cut Det Norske's stake was surprising since it could have approved the initial deal, said Kjetil Bakken, an analyst at Carnegie.
Supercomputing Needs in Oil, Gas Industry to Keep Growing
Monday, July 06, 2015 The oil and gas industry continues to ramp up its supercomputing capabilities as it explores for oil and gas in complex frontier basins and seeks to enhance production recovery.
Technip Plans 6,000 Layoffs as Part of Restructuring Efforts
Monday, July 06, 2015 Technip announces it will reduce its global workforce by 6,000 as part of its restructuring efforts due to the industry downturn.
Douglas-Westwood: 'Brazil - In Deep Trouble'
Monday, July 06, 2015 Dougals-Westwood comments on "Brazil - In Deep Trouble" in its latest edition.
Soaring Gas Use Lifts Demand for Regas Infrastructure in Southeast Asia
Monday, July 06, 2015 Rising gas needs encourage Southeast Asia countries to boost development of regasification facilities to supplement production from aged fields in the region.
Oil Crashes 8% As Greek Vote, Iran Talks Set Off Exodus
Monday, July 06, 2015 Oil prices suffer their biggest selloff in 5 months, falling as much as 8 percent.

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Exploration

Drilling Commences at Niaoshan-1 Well in China's Heilongjiang Province
Tuesday, July 07, 2015 Triple Energy reports that drilling commences at the Niaoshan-1 well in the Bird Mountain area in China's Heilongjiang province.
Quadrant Energy Spuds Levitt-1 Prospect in WA's Carnarvon Basin
Tuesday, July 07, 2015 Quadrant Energy spuds Levitt-1 exploration well in permit WA-482-P in the Carnarvon Basin, offshore Western Australia.
Four Firms Exit Initial Offshore Tender In Mexican Oil Opening
Monday, July 06, 2015 Four companies have bowed out of the initial installment of Mexico's so-called Round One oil auction, the first step in the country's historic sector opening, regulator CNH says.
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.
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.

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Production

Ensco 107 Prepares to Demobilize from Maari Field Offshore New Zealand
Tuesday, July 07, 2015 Horizon Oil says the Ensco 107 jackup will demobilize from the Maari field offshore New Zealand after successfully drilling and completing the MR10 production well.
OneSubsea Clinches FEED Contract for Woodside's Browse FLNG Project
Tuesday, July 07, 2015 OneSubsea, a Cameron and Schlumberger company, clinches a front-end engineering and design contract for the Browse FLNG project offshore Western Australia.
EMAS Bags $24M Charters for OSVs, Post $5.2M Net Profit for 3Q FY2015
Tuesday, July 07, 2015 EMAS Offshore bags $24 million charters for three offshore support vessels to work in the Gulf of Thailand and West Africa and reported a net profit of $5.2 million net for third quarter 2015 ending May 31.
Ophir's Plans for 2015 Remain on Track
Monday, July 06, 2015 Ophir Energy's production target remains on track after the company averaged 14,600 barrels per day during 1H 2015.
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.
Repsol Starts Production at Giant Perla Field Offshore Venezuela
Monday, July 06, 2015 Repsol begins production from the first producing well on its giant Perla gas field in the Gulf of Venezuela.
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.

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Finance and Investing

Petrobras May Sell Braskem Stake, Build Tax Provisions, Valor Says
Monday, July 06, 2015 Petroleo Brasileiro could sell a stake in resin producer Braskem in order to build provision against tax debts nearing $12.7 billion.
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.

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Company Operations

Drydocks Completes the World's Largest Turret for Shell's Prelude FLNG
Tuesday, July 07, 2015 Drydocks World completes the world's largest turret system for Shell's Prelude floating liquefied natural gas facility.
New Zealand Energy Corp. Names Mike Adams as CEO, Replaces David Robinson
Tuesday, July 07, 2015 New Zealand Energy Corp. names Mike Adams as CEO to replace David Robinson.
Aqualis Wins Rig Support Contract Offshore Mexico
Monday, July 06, 2015 Consultancy Aqualis Offshore wins a contract with Perforadora Mexico to support the transportation and installation of a rig for a fixed platform offshore Mexico.
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.
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.

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