Industry Headlines

Slow Hurricane Season? All It Takes Is One to Make an Impact
Friday, September 04, 2015 At its mid-point, Gulf of Mexico's hurricane season fulfills its forecast for a quiet season, giving offshore workers some relief.
Putin Urges Investment in Russia's Vast Far East
Friday, September 04, 2015 President Vladimir Putin urges domestic and foreign investors to help develop Russia's vast Far East region, promising high returns and reassuring Asia-Pacific economies about their strategic importance.
US Jobs Report: Loss of Oil, Gas Jobs for August
Friday, September 04, 2015 The August jobs report reveals further declines in mining and support activities for mining.
Oil Industry Slashes Lobbying Spending Amid Downtown
Friday, September 04, 2015 With oil prices plummeting, drillers have a lot less money to sink into lobbying.
Hedge Fund Manager Hall Says World Market 'Not Awash in Oil'
Friday, September 04, 2015 Andy Hall, one of the best-known oil traders who's bullish on prices, says the decline in the oil market isn't a repeat of 1998 or 2008.
India's Upstream Sector Draws Interest in Lackluster Contracting Market
Friday, September 04, 2015 India appears like an oasis in the global upstream business as services firms compete for contracts in a market severely battered by the prolonged downturn in oil prices.
Millennials Survey: What they Really Think of the Oil, Gas Industry
Friday, September 04, 2015 Rigzone's exclusive global survey of millennials reveals their values, concerns and what attracts them to the oil and gas industry.
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.



Europa Oil & Gas: Wressle Discovery Could Be Larger Than Expected
Friday, September 04, 2015 Europa Oil & Gas says the Penistone Flags oil zone at the Wressle-1 oil and gas well on license PEDL180 "could be larger than first envisaged", following an extended well test of the region.
Statoil Hits Oil in Northern North Sea
Friday, September 04, 2015 Statoil makes an oil discovery at wildcat well 30/9-27 S, located in production license 104 in the northern North Sea.
Rosneft Contracts JDC's Hakurya-5 Semisub for Vietnam Drilling Assignment
Friday, September 04, 2015 Rosneft inks deal with Japan Drilling Co. for the provision of the Hakurya-5 semisub to drill two exploration wells offshore Vietnam in 2016.
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.
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.
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.



Energy Tsar: Russia Targets One Third Increase In Oil Output In 20 Years
Friday, September 04, 2015 Russia could increase its oil output by a third to over 14 million barrels per day in the next two decades.
Roxi Petroleum Reports Oil Flows from BNG's Well 143
Friday, September 04, 2015 Roxi Petroleum reports oil flows from two intervals at well 143, which is situated in the company's flagship BNG asset in Kazakhstan.
Norway Approves Wintershall's Maria Oil Field Development
Friday, September 04, 2015 Norway approves Wintershall's plan to develop the Maria oil and gas field in the Norwegian Sea.
OMV, Gazprom Agree Joint Development Plan for Urengoy Field
Friday, September 04, 2015 OMV reaches an agreement with Gazprom to participate in the development of areas IV and V of the Achimov formation in the Urengoy oil, gas and condensate field in Siberia.
Pertamina's January-July 2015 Oil, Gas Production Up 9.8% to 571,000 Boepd
Friday, September 04, 2015 Indonesia's Pertamina reports a 9.8 percent rise in oil and gas production in the first seven months of this year to 571,000 barrels of oil equivalent per day.
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.


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.


Company Operations

Arbitration Tribunal Closes Case on Cosco-Deepwater Dalian Drillship Spat
Friday, September 04, 2015 Cosco Dalian reports that an arbitration tribunal in London has indicated that the firm has no further liabilities to Dalian Deepwater Developer over the construction contract for a drillship.
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.
Baker Hughes: US Oil Drillers Cut Rigs As Crude Prices Collapse
Friday, September 04, 2015 US energy firms cut 13 oil rigs for the first time in seven weeks, as a renewed slump in prices this summer forced drillers to make a second round of cut-backs.
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.
YPF, Gazprom Sign Accord to Develop Gas Projects in Argentina
Friday, September 04, 2015 The agreement to develop tight and shale hydrocarbons in Argentina sets out the principles for cooperation for a final accord that could be signed in the Russian spring.
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.



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