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Industry Headlines

Oil Investor Zukerman Pleads Guilty in Tax Evasion Case
Monday, June 27, 2016 Oil-industry investor Morris Zukerman admitted to evading tens of millions of dollars in taxes, pleading guilty to federal charges that could send him to prison for more than seven years.
Oil Caps Biggest Two-Day Loss Since February on Brexit Fallout
Monday, June 27, 2016 Oil caps the biggest two-day drop since February as futures remain volatile after the UK last week voted to leave the European Union.
Argentina Oil, Gas Workers Call 20-hour Wage Strike
Monday, June 27, 2016 Some 24,000 Argentine oil workers hold a 20-hour work stoppage on Monday over wage demands, the workers' labor union says, warning there may be further strikes if there is no agreement for a new salary contract.
Norwegian Unions Say 755 Oil, Gas Workers Could Strike
Monday, June 27, 2016 About 755 Norwegian workers on seven oil and gas fields could go on strike, hitting output from western Europe's top producer, if a new wage deal is not agreed before a Friday deadline, trade unions say.
BLOG:Throwing in the Towel? Some Oil, Gas Workers Choose to Leave Industry
Monday, June 27, 2016 Two years into the oil and gas downturn, displaced workers become weary of few job opportunities and explore other options.
Iran Oil Chief Shakes Up Oil Firm in Bid to Strike Pre-election Deals
Monday, June 27, 2016 Oil minister Bijan Zanganeh hands the running of Iran's national oil company to a trusted ally in a push to agree long-awaited deals with global oil majors, which could be derailed by next year's presidential polls.
Russia's Novak May Miss Meeting With Saudi's Falih At G20
Monday, June 27, 2016 Russian Energy Minister Alexander Novak may miss the G20 energy ministers meeting in China, scheduled for June 28-30.
Brexit Will Make 'Little Difference' to Crude Oil Markets
Monday, June 27, 2016 The UK's decision to leave the European Union will make "little difference" to the crude oil markets, according to a brief research note from FirstEnergy.
Rosneft's Sechin Says China Ties Boosted With New Deals, Routes
Monday, June 27, 2016 Rosneft, the state-run producer that has helped turn Russia into the top oil supplier to China, aims to secure its hold by reaching out to new clients and establishing new delivery routes amid toughening competition and stretched infrastructure.

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Exploration

France's Total Wins 30% Stake in Qatar's Al-Shaheen Oilfield
Monday, June 27, 2016 France's Total has won a 30 percent stake in a new contract to operate Qatar's largest offshore oilfield, a source familiar with the matter tells Reuters.
TPDC Approves Extension Plan for Mtwara License
Monday, June 27, 2016 The Tanzanian Petroleum Development Corporation approves a plan to extend the license term for The Mtwara License of the Ruvuma Production Sharing Agreement in Tanzania by one year.
BHP Billiton to Invest $900M in Oil, Copper Exploration in FY17, Up 18% YOY
Monday, June 27, 2016 BHP Billiton plans to invest $900 million in oil and copper exploration in financial year 2017 (FY17), including three conventional deepwater oil projects in the Australia's Northern Beagle sub-basin, the Gulf of Mexico and the Caribbean.
Operations as a Science May Benefit Offshore Exploration, Production
Monday, June 27, 2016 GE and Shell see benefits for the exploration and production sector in the 'Operations as a Science' approach.
MOL Group Makes Pakistan Gas Discovery
Friday, June 24, 2016 MOL Group makes a new gas discovery in its operated TAL Block in Pakistan, marking the company's 13th find in the country.
Colombia's Ecopetrol Offers 20 Blocks In Auction Launch
Thursday, June 23, 2016 Colombia's state oil company Ecopetrol offers 20 oil and gas blocks for auction, part of a company plan to cut back amid low global crude prices.

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Production

NNPC: Nigeria Oil Output Rises to 1.9 Million Barrels
Monday, June 27, 2016 Oil production in Nigeria has risen to about 1.9 million barrels per day from 1.6 million bpd, due to repairs and more than a week having passed since a major pipeline attack in the Niger Delta, a state oil company spokesman says.
Report: Canada Oil Sands Output to Grow 42% by 2025
Monday, June 27, 2016 Canada's oil sands production will grow by 42 percent to 3.4 million barrels per day by 2025, analysts say.
Turkish PM Says Too Early To Talk About Gas Deals With Israel
Monday, June 27, 2016 Normalising political and diplomatic ties with Israel will be the priority in implementing a deal between the two countries says Turkish Prime Minister Binali Yildirim.
Indonesia's Pertamina To Sign First Upstream Deal With Iran
Monday, June 27, 2016 Indonesia's state energy company Pertamina will sign a deal to purchase a stake in an oil and gas block in Iran within a week, an official at Indonesia's energy ministry says.
SapuraKencana Inks Deal to Sell Gas from Malaysia's B15 Field to PETRONAS
Monday, June 27, 2016 SapuraKencana Energy inks agreement to sell gas to PETRONAS from its B15 field in SK310 Production Sharing Contract offshore East Malaysia.
Oilex Progressing Work Plan to Unlock Gas Resources in India's Cambay Block
Monday, June 27, 2016 Australia's Oilex is completing a detailed working plan to unlock the potential gas resource in the onshore Cambay Block in Gujarat, India.
Central Confirms Gas Flow at Mereenie Field in Australia's Amadeus Basin
Monday, June 27, 2016 Central Petroleum confirms gas flow during production testing at Mereenie field in Amadeus Basin in Australia's Northern Territory.
Woodside-Mitsui JV Approves $1.9B Greater Enfield Project Off WA
Monday, June 27, 2016 The Woodside-Mitsui joint venture approves the development plan for the $1.9 billion Greater Enfield Project off Exmouth in Western Australia, with first oil planned for mid-2019.

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Finance and Investing

Energy Layoffs Continue in Texas
Monday, June 27, 2016 Weatherford Artificial Lift Systems and Sun Fab Industrial Contracting will reduce workforces in Texas.
CEO: Total to Invest Over $2B in Qatar's Al-Shaheen Oilfield Development
Monday, June 27, 2016 Total plans to invest more than $2 billion in developing the Al-Shaheen oilfield over five years, the company's CEO says, after the French major won a 30 percent stake to operate Qatar's largest offshore oilfield.
Oil Bulls Face Specter of Market Turmoil on Brexit Aftershocks
Monday, June 27, 2016 Oil bulls could end up road kill following the Brexit ballot.
Circle Oil Agrees Repayment Extension
Friday, June 24, 2016 Circle Oil plc agrees a repayment extension with International Finance Corporation.
Russia Expects Short-Term Oil Market Volatility After Brexit
Friday, June 24, 2016 Russian Energy Ministry expects oil price volatility to increase in the short term after Britain's vote in favor of leaving the European Union.
Brazil's Petrobras Says Its Pension Fund Has $6.8B Shortfall
Friday, June 24, 2016 Brazil's state-led oil company Petrobras says its pension fund has $6.8 billion in unfunded liabilities, a new financial burden for what is already one of world's most indebted firms.
Russian EconMin: Brexit Vote Won't Ruffle Rouble, Oil Price
Thursday, June 23, 2016 Russian Economy Minister Alexei Ulyukayev does not expect sharp changes in the rouble rate and oil prices if Britain leaves the European Union.
Oil Patch 'Left for Dead' Will Spark New IPOs for US Explorers
Thursday, June 23, 2016 As the oil industry emerges from the biggest bust in three decades, shale drillers in a neglected corner of the biggest US oil field are poised to take a new generation of gushers public.

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Company Operations

Det Norske Awards Services Contracts to DNV GL
Monday, June 27, 2016 Det norske oljeselskap ASA awards 2 new frame agreements to DNV GL for verification, Inspection and HSEQ services.
Europa Granted 2 Year Extension to PEDL 143
Monday, June 27, 2016 Europa Oil & Gas (Holdings) plc receives 2 year extension to PEDL 143 License in the Weald Basin, Surrey, UK, by the Oil & Gas Authority.
POSH Wins Contract from Technip for Prelude FLNG Project in Browse Basin
Monday, June 27, 2016 Singapore's PACC Offshore Services Holdings (POSH) wins a contract from Technip Oceania to support Shell's Prelude floating liquefied natural gas facility in the Browse Basin, off Western Australia.
SEC Sues 'Frack Master' for Spending Investor Cash on Strippers
Friday, June 24, 2016 Calling himself the "frack master," Texas businessman Chris Faulkner charmed hundreds of investors and major media companies into believing he had extensive experience in energy markets.
BP Says to Keep UK Headquarters Despite British EU Exit Vote
Friday, June 24, 2016 Oil major BP says its headquarters will remain in the United Kingdom, despite Britain voting to leave the European Union.
Statoil to Launch Training Tool for 50th Anniversary
Friday, June 24, 2016 Statoil will launch a historical fact-based research project for its 50th anniversary in 2022, which will form a professional training tool for coming generations.

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