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Friday, April 18, 2014 - Russian and international majors are cooperating as usual despite sanctions imposed over Ukraine and Russia's South Stream pipeline project is going ahead, Energy Minister Alexander Novak says.
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Industry Headlines

US Extends Keystone XL Comment Period, Delaying Final Decision
Friday, April 18, 2014 The US State Department is extending the government comment period on the Keystone XL pipeline.
Shell Commited To Russia Expansion Despite Sanctions
Friday, April 18, 2014 President Vladimir Putin pledges to support Shell's Russia expansion plans at a meeting with the company's chief executive Ben van Beurden.
Paper: Voestalpine CEO Calls For Europe To Frack In Low-Density Areas
Friday, April 18, 2014 Europe should consider allowing fracking for shale gas in sparsely populated areas, the chief executive of Voestalpine told a German newspaper.
Texas Upstream Petroleum Economy Sustains Record Run
Friday, April 18, 2014 The upstream economy in Texas ventured further into uncharted territory in February, boosting the Texas Petro Index.
Minister: Oil, Gas Firms Committed To Russia Despite Sanctions
Friday, April 18, 2014 Russian and international majors are cooperating as usual despite sanctions imposed over Ukraine and Russia's South Stream pipeline project is going ahead, Energy Minister Alexander Novak says.
Rice Adds Energy and Environment Initiative, Tackles Above-Ground Risks
Friday, April 18, 2014 Rice University links all energy-related activities and expands its energy program to meet industry needs.
Subsea Friction Clamps May Provide More Precise Subsea Monitoring
Friday, April 18, 2014 Subsea friction clamps developed by Houston-based Astro Technology may enable more precise monitoring of subsea assets in water depths of up to 10,000 feet.
Ex-BP Employee Settles SEC Insider-Trading Oil Spill Case
Thursday, April 17, 2014 A former 20-year veteran of BP who oversaw the company's cleanup efforts from the Deepwater Horizon oil spill will pay more than $224,000 to settle civil charges.
Kazakhstan Disappointed Over Kashagan Setback, But Signals Breather
Thursday, April 17, 2014 Kazakhstan's oil and gas minister says he was disappointed over the slow development of the giant Kashagan oilfield, but sees no legal reasons to put pressure on the consortium.
Oil Tops $104 On Ukraine Fears
Thursday, April 17, 2014 The price of oil rises past $104 per barrel on worries over the upheaval in Ukraine.

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Exploration

Terraseis to Deploy First 3-C Project in Kurdistan
Friday, April 18, 2014 Terraseis is deploying a Three-Component seismic recording system to carry out a seismic 3D survey that shall include 3-C data acquisition.
Vanguard Energy to Sell Texas Field
Friday, April 18, 2014 Vanguard Energy enters an agreement to sell all of Vanguard's working interests and related equipment at its only operating field, the Batson Dome Field.
Providence Offered Upgrade to its Newgrange Licensing Option
Thursday, April 17, 2014 Providence Resources is offered the opportunity to convert its Newgrange licensing option, offshore Ireland, into a Frontier Exploration Licence.
Total Discovers Oil Offshore Ivory Coast
Thursday, April 17, 2014 Total finds 130 feet of net oil pay in a deep-water well off the Ivory Coast.
Gardline CGG Wins Asia Pacific Seismic Survey, Geochemical Sampling Deals
Thursday, April 17, 2014 The Gardline CGG joint venture wins three seismic survey and geochemical sampling contracts from companies in Australia and Southeast Asia.
Shell Finds Gas at Rosmari-1 Well in SK318 Offshore Malaysia
Thursday, April 17, 2014 Shell makes a deepwater gas discovery at Rosmari-1 exploration well in Block SK318 offshore Sarawak, Malaysia.
Oil Search Provides Update on Taza 2 Drilling in Kurdistan, Iraq
Thursday, April 17, 2014 Oil Search provides an update on drilling at the Taza 2 well in Kurdistan, Iraq.
Ophir Gets Formal Approval to Farm-in to WHL's Offshore Seychelles Block
Wednesday, April 16, 2014 WHL Energy reveals that the Seychelles government has formally approved Ophir Energy's farm-in to its offshore Seychelles exploration project area.

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Production

Increase in Petroleum Production Has Positive Impact on Economy
Friday, April 18, 2014 The dramatic, almost unbelievable, increase in crude oil and natural gas production in the United States has many positive implications, Alex Mills says.
Technip Bags Kaombo Umbilical Gig Offshore Angola
Friday, April 18, 2014 Technip has been awarded a large lump-sum contract by Total E&P Angola for the umbilical system part of the Kaombo project.
Russia Ships First Oil From Disputed Offshore Arctic Platform
Friday, April 18, 2014 President Putin hails Russia's first shipment of Arctic offshore oil, saying the platform decried by environmentalists will help Moscow expand its global energy markets share.
Santos Revenue Grows as Projects near Completion
Thursday, April 17, 2014 Higher oil sales offset flat production returns to bolster Australian company Santos' quarterly results.
Eni, Ukraine Agree On Need To Increase Gas Production
Thursday, April 17, 2014 Eni's Poalo Scaroni and Ukraine's energy minister agree on the need to increase gas production in the country, which is at the center of escalating tensions with Russia.
Partners in Israel's Leviathan Field Bid to Sell Gas to Cyprus
Thursday, April 17, 2014 The partners developing Israel's offshore Leviathan natural gas field are looking to sell gas through a pipeline to Cyprus, officials say.
Italy's Eni Invites Design Proposals for Mozambique LNG Plant
Thursday, April 17, 2014 Eni invites interested companies to put forward design proposals for a floating liquefied natural gas (LNG) plant in Mozambique.

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Finance and Investing

Malaysia's Hong Leong Subscribes for $155M New Shares in Ezion
Wednesday, April 16, 2014 Ezion Holdings announces that two subsidiaries of Malaysia's Hong Leong Company will each subscribe for 50 million new ordinary shares in the firm for approximately $155 million.
Seadrill Sells 4% Interest in SapuraKencana for $300M, Still Holds 8% Stake
Thursday, April 10, 2014 Seadrill sells 4% stake in SapuraKencana Petroleum for $300 million, reducing its interest in the Malaysian company to 8%.
Nigerian Oil Group Seplat Valued at $1.9B in Market Debut
Wednesday, April 09, 2014 Nigerian oil and gas company Seplat raises $500 million on stock market debut, valuing the firm at $1.9 billion.
Offshore Firm's IPO May Give Singapore Market Shot in the Arm
Tuesday, April 08, 2014 A major operator of maritime support vessels controlled by Malaysia's richest man is seeking up to $380 million in a Singapore IPO.
Norway's Aker Fined $8.5M For Insider Trading In Aker Solution
Friday, April 04, 2014 Aker will pay an $8.5M fine for insider trading in shares of a company it controls, the oil services firm Aker Solution, the holding company says.
SapuraKencana Inks $5B Refinancing Club Deal with 13 Banks
Thursday, March 20, 2014 SapuraKencana concludes $5 billion refinancing club deal with 13 local, regional and international banks.

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Company Operations

Sources: PetroChina Hikes Shale Gas Spending To More Than $1.6B
Friday, April 18, 2014 PetroChina plans to spend more than $1.6 billion on shale gas this year, sources with knowledge of the matter say.
McDermott to Re-Enter North Sea with Spoolbase Deal
Friday, April 18, 2014 McDermott's subsidiary signs an option agreement with PD Ports which gives it the exclusive right to operate a spoolbase to serve projects in the North Sea.
National Hyperbaric Centre Opens New Singapore Facility
Friday, April 18, 2014 The National Hyperbaric Centre is opening an office in Singapore to provide subsea-related Training, Consulting, Diving/ROV Technical support and senior industry personnel for specialist projects.
India's Reliance Posts Flat 4Q Profit, Meets Estimates
Friday, April 18, 2014 Reliance Industries posted a flat quarterly profit, in line with estimates, hurt by a slimmer margin in its oil refining business.
Woodside Delivers Higher Revenues
Thursday, April 17, 2014 Additional oil sales and higher LNG prices pushed Woodside Petroleum's quarterly revenue in a positive direction.
Team RECon Wins US Leg of BP's Ultimate Field Trip Competition
Thursday, April 17, 2014 Team RECon, from the University of Michigan, will enjoy a two-week field trip to BP's operations in Illinois and Alaska after winning the US version of the firm's Ultimate Field Trip Competition.

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