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Friday, October 17, 2014 - After the 'no' vote in the Scottish Referendum, attention now turns to the Wood Review and this December's Fiscal Review about how best to extract the remaining hydrocarbons from the UK North Sea.
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Industry Headlines

Douglas-Westwood: 'Offshore EPC - All Change'
Monday, October 20, 2014 DW Monday briefly discusses the realignment in Asia's offshore engineering, procurement and construction landscape.
China, Vietnam Pledge to 'Address and Control' Maritime Disputes
Friday, October 17, 2014 China and Vietnam have agreed to "address and control" maritime disputes, state media says.
Tanzania To Pick Winners Of Oil, Gas Bids Before Year-End
Friday, October 17, 2014 Tanzania is in final stages of evaluating bids for oil and gas blocks it offered in its latest bidding round and plans to pick the winners before the end of this year, its upstream regulator says.
Schlumberger Says Higher Oil Demand In 2015 To prompt Oil, Gas Spend
Friday, October 17, 2014 Schlumberger says oil and gas spending will increase in 2015 as global oil demand is poised to rise.
Russia's Gazprom Neft Sees Oil Price Returning To $95-110 Per Barrel
Friday, October 17, 2014 Gazprom Neft says it does not see a fall in the oil price as a long-term trend.
North Sea Future: Innovation Needed
Friday, October 17, 2014 After the 'no' vote in the Scottish Referendum, attention now turns to the Wood Review and this December's Fiscal Review about how best to extract the remaining hydrocarbons from the UK North Sea.
Oil Bucks Downtrend To Eek Out Small Gain
Friday, October 17, 2014 Oil prices rise slightly, bouncing from near 4-year lows even while marking a fourth straight weekly loss.

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Exploration

Sidi Moussa Well Offshore Morocco Finds Oil
Monday, October 20, 2014 The SM-1 well, located on the Sidi Moussa block offshore Morocco, finds oil, Serica Energy reports.
Wressle-1 Well Confirms Potential Hydrocarbon-Bearing Zones
Monday, October 20, 2014 The Wressle-1 exploration well, onshore UK, confirms the presence of potential hydrocarbon-bearing zones in three separate intervals.
Drilling Continues at Gaudi-1 Unconventional Gas Well in Queensland
Monday, October 20, 2014 Central Petroleum updates on drilling at Gaudi-1 unconventional gas exploration well in ATP909 in Queensland, Australia.
Cooper Basin JV to Undertake Seismic in 3 SA's Petroleum Retention Licenses
Monday, October 20, 2014 The Cooper Basin Joint Venture,comprising Senex Energy and Tellus Resources, intends to undertake 3D seismic work at three petroleum retention licenses in South Australia.
Vollgrav South Well Comes Up Dry
Friday, October 17, 2014 Lundin Petroleum reports its Vollgrav South exploration well, located on Norwegian production license 631, has come up dry.
Drilling Underway at Gobi-1 Well in West Natuna Basin's Gurita PSC
Friday, October 17, 2014 Nido Petroleum reports that drilling is underway at Gobi-1 exploration well in the Gurita production sharing contract in West Natuna Basin, offshore Indonesia.
BSO Gets Extension for Permit Vic/P41 Work Program in Gippsland Basin
Friday, October 17, 2014 Bass Strait Oil receives a six month extension to its work program for permit Vic/P41 in the Gippsland Basin, offshore Victoria, Australia.
WHL Gets Seychelles Seismic Data, Farming-out Permit VIC/P67 Off Australia
Thursday, October 16, 2014 WHL Energy receives fast track data from the Junon 3D seismic survery acquired offshore Seychelles and has commenced a farm-out process for Australia's offshore permit VIC/P67.
Kea Secures Approval for NZ's Permit PEP 381204 Work Program
Thursday, October 16, 2014 Kea Petroleum secures governmental approval for a new committed stage of the work program for petroleum exploration permit 381204 in north Taranaki, New Zealand.
Planet Gas Updates on Drilling at Bagheera East-1 Well in SA's Cooper Basin
Wednesday, October 15, 2014 Planet Gas provides an update on drilling at Bagheera East-1 exploration well in PEL 514 in the South Australian Cooper Basin.

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Production

Sona to Get MSC's Clearance Soon to Acquire Salamander's Thailand Assets
Monday, October 20, 2014 Sona Petroleum expects to receive clearance soon from the Malaysian Securities Commission to acquire 40 percent in Salamander Energy's two upstream assets in Thailand.
OMV Posts Higher 3Q Output Helped by Libya, Norway
Monday, October 20, 2014 Austria's OMV raises production by five percent during the third quarter thanks to progress in Libya and Norway.
Jurong Shipyard Bags MODEC's FPSO Contract for Ghana's TEN Development
Monday, October 20, 2014 Jurong Shipyard bags a contract from MODEC for a floating production, storage and offloading conversion project for the Tullow Oil-operated TEN development project offshore Ghana.
Eni, Kogas to Cooperate, Deal to Help Develop Mozambique Area 4 LNG Project
Monday, October 20, 2014 Eni and Kogas ink cooperation agreement, with deal expected to facilitate development of Mozambique's Area 4 liquefied natural gas project.
Mirach Gets Sumatra's Kampung Minyak Field KM13-A Well Petrophysics Report
Monday, October 20, 2014 Mirach Energy's unit receives a petrophysics report from PT Elnusa on KM13-A well in the Kampung Minyak oil field, South Sumatra, Indonesia.
Israel's Tamar Group Looks to Sell Gas to Egypt via EMG Pipeline
Sunday, October 19, 2014 The partners in Israel's Tamar gas field are negotiating the sale of at least five billion cubic meters of gas over three years to customers in Egypt.
First Production Commences at Umm Lulu Oil Field Offshore Abu Dhabi
Friday, October 17, 2014 Inpex reports that first production has commenced at the Umm Lulu oil field offshore Abu Dhabi, United Arab Emirates.
Producers Will Find Ready and Welcome Market for Nat Gas in Bakken
Friday, October 17, 2014 Oil and gas companies will welcome the opportunity to reduce natural gas flaring and market liquid natural gas to a company that is building a new polyethylene manufacturing plant in the Bakken.
BP To Restart North Sea Gas Field Half-Owned By Iran
Friday, October 17, 2014 BP will restart the Rhum gas field in the UK North Sea, half-owned by Iran's National Oil Company, four years after the field was shut down due to Western sanctions, a BP spokesman says.
China's NDRC Approves RH Petrogas' Oil Development Plan for Fuyu Block
Friday, October 17, 2014 The National Development and Reform Commission approves RH Petrogas's plan to develop Fuyu 1 Block in Songliao Basin, Jilin province, China.
KBR-DSME JV Lands Eni's FEED Contract for Mozambique FLNG Facility
Friday, October 17, 2014 The KD consortium lands a front end engineering design contract for a floating LNG facility for the Coral South project offshore Mozambique from Eni.

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Finance and Investing

Rosneft Says Projects Economically Viable Even If Oil Price Slips Further
Friday, October 17, 2014 Rosneft says the recent fall in oil prices is not critical for the company and it sees "no reason for concern".
Santos' 3Q 2014 Sales Revenue Up 4% to $929M, Boosted by PNG LNG
Friday, October 17, 2014 Santos' sales revenue rises 4 percent in the third quarter of 2014 to $929 million, with the gains attributed to contribution from the Papua New Guinea liquefied natural gas project.
Woodside Posts 46.4% Increase in Sales Revenue to $1.95B for 3Q 2014
Thursday, October 16, 2014 Woodside posts 46.4% increase in sales revenue to $1.95 billion for the third quarter of this year.
Africa Oilfield Logistics to List on Nairobi Stock Exchange
Monday, October 13, 2014 Africa Oilfield Logistics plans to list its shares on Kenya's Nairobi Securities Exchange.
UAE's RAK Petroleum Plans To List In Oslo
Monday, October 06, 2014 RAK Petroleum says it aims to list on the Oslo exchange and raise $25 million in an initial public share offering (IPO).
Conoco Files For ICC Arbitration Against Venezuela's PDVSA
Friday, October 10, 2014 ConocoPhillips files for arbitration at the International Chamber of Commerce against PDVSA for compensation related to the termination of its partnership contract after the nationalization of oil projects.

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Company Operations

Songa Offshore Rig Suffers Engine Failure
Monday, October 20, 2014 Drilling firm Songa Offshore says its Songa Dee rig has suffered an engine failure.
Xcite Signs Services Deal with Baker Hughes for Bentley Field
Monday, October 20, 2014 Xcite agrees a memorandum of understanding with Baker Hughes for the provision of oilfield services for the Bentley field in the UK North Sea.
Vallianz Clinches $64M OSV Contracts in Asia, Mexico and West Africa
Monday, October 20, 2014 Vallianz Holdings clinches $64 million worth of letters of awards and charter contracts from Asia and new markets in Mexico and West Africa.
Nam Cheong Secures LOI, Worth $186M, for 12 Newbuild AHTS Vessels
Monday, October 20, 2014 Nam Cheong secures letters of intent, worth $186 million, to supply 12 newbuild NCA80E anchor handling tug supply vessels to five customers.
Kongsberg Signs $2.2M Drilling Software Contract with Petronas Carigali
Monday, October 20, 2014 Kongsberg signs $2.2 million drilling operations software and services contract with Petronas Carigali.
Petrofac Enjoys Most Successful Year for New Contracts
Friday, October 17, 2014 Petrofac is in line to make a profit of at least $580 million in 2014 after its most successful year for new awards.
Pacific Rubiales, Pemex Set 3-Year Cooperation Deal In Mexico
Friday, October 17, 2014 Pacific Rubiales signs a three-year deal to analyze potential oil and gas cooperation in Mexico with Pemex.
Ophir CFO to Leave Company in Cost-Saving Move
Friday, October 17, 2014 Ophir Energy's CFO will leave the company on November 19 as part of a cost-saving reorganization.
Cosco, Sevan Drilling Agree to Extend Delivery Date for Sevan Developer
Friday, October 17, 2014 Cosco and Sevan Drilling agree to an extension of the delivery date for Sevan Developer semisub by 12 months.
Neon Energy Recommends Shareholders Vote Against Evoworld's Takeover Bid
Friday, October 17, 2014 Neon Energy recommends shareholders vote against Evoworld's takeover bid for 30 percent share of the company.
Baker Hughes' Profit Misses on Weak Drilling Activity Outside N. America
Thursday, October 16, 2014 Oilfield services supplier Baker Hughes reports a lower-than-expected profit for the first time in five quarters.

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