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Industry Headlines

Canada Oil Sands Fork Over Billions for 500,000 Unneeded Barrels
Friday, September 04, 2015 The last place oil producers want to be when prices plummet to profit-demolishing lows is midstream on a billion-dollar project in one of the costliest parts of the planet to extract crude.
China's Drop on Own Currency Raises Red Curtain
Thursday, September 03, 2015 Financial experts weigh the reasoning behind China's decisive cut to its own currency and impact on global markets.
No Deal On Oil Output After Russia's Putin Meets Venezuela's Maduro
Thursday, September 03, 2015 Russia and Venezuela need to combine efforts to lift oil prices, President Vladimir Putin told his Venezuelan counterpart Nicolas Maduro.
Judge Orders US SEC To Expedite Resource Extraction Rule
Thursday, September 03, 2015 A federal judge has ordered the US Securities and Exchange Commission to fast-track a final rule requiring oil, gas and mining companies to disclose payments to foreign governments.
Brazil Oilworkers' Union Delays Strike Until Sunday At Earliest
Thursday, September 03, 2015 Brazil's main oilworkers union federation FUP says it has delayed a planned open-ended strike against Petrobras until Sunday at the earliest.
Statistics Norway Expects Oil Prices to Hit $60 Per Barrel in 2018
Thursday, September 03, 2015 Statistics Norway expects oil prices to "remain low going forward", before increasing to around $60 per barrel in 2018.
A UH Professor's Ties to Halliburton Inspires Class of a Lifetime
Thursday, September 03, 2015 Post-graduate students receive rare "on the job" training from an innovative professor and powerful software.
Courts, Congress, Regulators Take On Oil And Gas Issues
Thursday, September 03, 2015 In less than seven days last week, Congress made moves to remove the ban on oil exports, Texas regulators found that a well did not cause an earthquake and another federal judge blocked a massive water rule.
Gas Exports From Iran, Egypt Seen Threatening US Ambitions
Thursday, September 03, 2015 A potential boost in natural gas supply from Iran and Egypt may exacerbate a worldwide glut, reshape the global market and threaten U.S. export ambitions, according to Citigroup.
Oil Up Modestly On Volatile Wall Street; Awaits Jobs, Rig Data
Thursday, September 03, 2015 Oil prices inch higher in see-saw trade, tracking gains in Wall Street equities for a second straight day.

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Exploration

Buru Releases Atlas 2 Rig After Drilling Praslin 1 Well in EP391 in WA
Friday, September 04, 2015 Buru Energy releases the Atlas 2 drilling rig following work at the Praslin 1 well in EP391 in Western Australia for a new assignment at the Victory 1 well.
Statoil Says Delivers Largest APA Application in 10 Years
Thursday, September 03, 2015 Statoil applies for exploration acreage in Norway's pre-defined licensing round (APA 2015).
Rosneft, Sinopec Agree on Joint Development of Russian Fields
Thursday, September 03, 2015 Rosneft and Sinopec agree to work together on the development of the Russian Russkoye and Yurubcheno-Tokhomskoye fields.
Indonesia Plans to Offer 21 Oil, Gas Blocks for Tender in 2016
Thursday, September 03, 2015 Indonesia plans to offer 21 conventional and unconventional oil and gas blocks in a tender in 2016.
Premier Oil Comes Up Dry in North Sea Well
Thursday, September 03, 2015 Premier Oil Norge, the operator of production license 539, has come up dry in exploration well 3/7-10 S in the southern section of the North Sea.
MEO Australia Signs PSC with CUPET for Cuba Block 9
Thursday, September 03, 2015 MEO Australia signs production sharing contract with Cuba Petroleo Union (CUPET) for Cuba Block 9
PPL Makes Gas, Condensate Find in Hala Block in Pakistan's Sindh Province
Thursday, September 03, 2015 Pakistan Petroleum Ltd. finds gas and condensate at the Fazl X-1 well in the Hala Block in District Matiari, Sindh, Pakistan.

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Production

Rosneft Sells 15% Stake in Vankorneft to ONGC Videsh
Friday, September 04, 2015 Rosneft sells 15 percent interest in Vankorneft - the developer of Vankor oil and gas condensate field in Krasnoyarsk Territory in Russia - to India's ONGC Videsh.
Mosman Oil & Gas Signs Deal to Acquire NZ Onshore Assets from Origin Energy
Friday, September 04, 2015 Mosman Oil and Gas signs agreement to acquire onshore producing assets in New Zealand from Origin Energy.
Russia's Surgut to Launch Shpilman Oil Field
Thursday, September 03, 2015 Russia's Surgut will launch its Shpilman oil field in Siberia on Thursday, the Russian government said on its website.
Inpex Submits Revised POD for Abadi Project Off Indonesia, Using a FLNG
Thursday, September 03, 2015 Inpex submits a revised development plan for the Abadi gas field in the Masela Block in Arafura Sea, Indonesia.
Armour Acquires Origin Energy's Upstream Assets in Queensland's Surat Basin
Thursday, September 03, 2015 Armour Energy acquires Origin Energy's Roma Shelf upstream assets in Queensland's Surat Basin, Australia.
Atlantic Petroleum Continues to Increase Production
Wednesday, September 02, 2015 Atlantic Petroleum's total production output from the Chestnut, Ettrick and Blackbird fields, located offshore UK, has increased by 9,000 barrels of oil equivalent year-on-year from August 2014 to August 2015.
Central Petroleum Seals Deal to Acquire 50% Stake in Mereenie Field in NT
Wednesday, September 02, 2015 Central Petroleum completes acquisition of a 50 percent stake in the Mereenie oil and gas field in Amadeus Basin in Australia's Northern Territory.
Arup Completes DCP Installation at Malampaya Gas Field Offshore Philippines
Wednesday, September 02, 2015 Arup completes installation of the Malampaya Depletion Compression Platform at the Malampaya gas field offshore Philippines.

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Finance and Investing

Gazprom First-Half Net up 50 Pct, Boosted by Weaker Rouble
Monday, August 31, 2015 Russia's top natural gas producer Gazprom says its net profit rose 50 percent year-on-year to 675.9 billion roubles ($10.5 billion) in the first half of 2015, thanks to increased sales and a weaker rouble.
Halliburton Believers Stand to Win Big Betting on Deal: Real M&A
Friday, August 28, 2015 Traders willing to bet the biggest oil- services deal can survive regulatory scrutiny stand to rake in more than $3 billion in profit.
India To Raise $1.4B From Top Oil Refiner Stake Sale
Monday, August 24, 2015 India will raise about 93.79 billion rupees ($1.4 billion) from selling a stake in state-run refiner and fuel retailer Indian Oil Corp, the government says.
Australia's Santos Posts 82% Fall in 1H 2015 Net Profit to $27M
Friday, August 21, 2015 Santos's first half 2015 net profit fell 82 percent to $27 million, with the decline attributed to lower oil prices and higher exploration expense.
Indonesia's Pertamina Says To Only Need Fraction Of Planned Debt Financing
Tuesday, August 18, 2015 Pertamina slashes the amount it plans to raise through long-term debt financing this year after the government paid back some fuel-subsidy money it owed the state energy company.
Australia's Santos Denies Plans to Launch Equity Raising
Monday, August 17, 2015 Santos denies plans to launch an equity raising, adding that it retains ample liquidity.

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Company Operations

Gazprom, CNPC Sign MOU on Gas Supply Project to China
Friday, September 04, 2015 Gazprom and CNPC sign a memorandum of understanding on the project for pipeline gas supply from Russia's Far East to China.
Silk Road Fund to Obtain 9.9% Stake in Novatek's Yamal LNG Project
Thursday, September 03, 2015 Novatek signs a framework agreement for China's Silk Road Fund to obtain a 9.9% stake in its Yamal liquefied natural gas project.
Heerema Secures Services Contract for Culzean
Thursday, September 03, 2015 Heerema Fabrication Group secures an engineering, procurement and construction contract, with Maersk Oil North Sea UK Limited, for the Culzean development in the North Sea.
Otto Marine Enters into $25.2M Contracts to Supply 2 AHTS Vessels
Thursday, September 03, 2015 Singapore-based Otto Marine's subsidiary Go Offshore enters into contracts to provide two anchor handling tugs supply vessels to a large oil and gas company for $25.2 million.
Xodus Group Secures North Sea Decommissioning Contract with Nexen
Wednesday, September 02, 2015 Xodus Group secures a contract with Nexen Petroleum U.K. to provide Front End Engineering and Design (FEED) services in support of the decommissioning of the Ettrick and Blackbird fields in the central North Sea.
PGS Cold-Stacks another Vessel to Reduce Costs
Wednesday, September 02, 2015 PGS will cold-stack the Ramform Viking vessel, after it completes a multiclient project offshore East Newfoundland in October 2015, In order to reduce cost and capital expenditure.
Keppel FELS Delivers Jackup UMW Naga 8 to Malaysia's UMW Oil & Gas
Wednesday, September 02, 2015 Keppel FELS delivers newbuild jackup UMW Naga 8 to Malaysia's UMW Oil & Gas.

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Brent Crude Oil : $50.68/BBL 0.35%
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Natural Gas : $2.73/MMBtu 3.01%
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