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Industry Headlines

Unite Joins GMB in Calling for North Sea Strike Action
Friday, May 22, 2015 In a statement to Rigzone, UK trade union Unite states that it will issue a legal notice to the OCA.
Total Hosts Climate Talks with Big Oil Companies
Friday, May 22, 2015 France's Total is hosting a meeting of the world's biggest oil firms over the sector's action plan ahead of the UN climate talks in Paris at the end of the year.
Norwegian Oil Drillers Call in Mediator after Wage Talks Fail
Friday, May 22, 2015 Wage talks involving thousands of Norwegian offshore oil workers break down, raising the risk of a strike that could disrupt oil exploration and efforts to raise production.
OPEC Seen Unyielding in Oil Market-Share Battle With Shale
Friday, May 22, 2015 OPEC will stick with the strategy of favoring market share over prices when it meets next month because rival producers are already starting to buckle.
Exxon Deploys More Sanction Watchers as Iran Nuke Deal Looms
Friday, May 22, 2015 Exxon Mobil Corp. is ramping up efforts to track U.S. government work on Iranian sanctions that have locked out American oil companies from the Middle Eastern nation for more than three decades.
Mexico's Round One to Attract Smaller Players
Thursday, May 21, 2015 Acreage offered for bidding in the next phase of Mexico's Round One will most likely attract smaller, private and equity-backed companies, Wood Mackenzie tells Rigzone.
Total In Talks To Give Up Shale License In Denmark
Thursday, May 21, 2015 Total is in talks with Danish regulators on giving up one of the two shale gas licenses it has in the country, the Danish Energy Agency says.
Petrobras Offshore Platform Accident Injures Two, Stops Output
Thursday, May 21, 2015 Petrobras was forced to stop output at its P-56 offshore oil production ship in the Marlim Sul field after an explosion in an electrical panel started a fire.
GMB Union Calls for Strike Action in UK North Sea
Thursday, May 21, 2015 GMB announces a strike ballot will go ahead after talks failed to resolve a dispute over changes to terms for UK offshore workers.
More Buyers than Sellers Idles Upstream M&A Market
Thursday, May 21, 2015 Many upstream companies are interested in M&A, but want to hold off activity until stability returns to commodity markets.
Petrobras Turns to China for $10 Billion to Avert Crunch
Thursday, May 21, 2015 What do you do when you're burdened with the oil industry's biggest debt, credit is drying up and some of your main suppliers are under the gun? Call China.

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Exploration

Statoil Comes up Dry at 2 Norwegian Sea Wells
Friday, May 22, 2015 Statoil drills two dry wells in the Norwegian Sea.
Apache Spuds Olympic-1 Oil Exploration Well in WA's Permit EP 473
Friday, May 22, 2015 Apache spuds the Olympic 1 oil exploration well in permit EP 473, located southeast of Broome in Western Australia.
NZEC Relinquishes PEP 52976 Permit in New Zealand's East Coast Basin
Friday, May 22, 2015 New Zealand Energy Corp. relinquishes permit PEP52976 in the East Coast Basin of New Zealand's North Island.
Exploration Bills Submitted for Second Readings in Bahamian Assembly
Thursday, May 21, 2015 Bahamas Petroleum Company reports that the Petroleum Bill and Sovereign Wealth Bill have been put before the Bahamian House of Assembly for their second readings.
Russia to Decide on Schlumberger Bid for Eurasia Drilling in 2-3 Weeks
Thursday, May 21, 2015 A Russian government commission should decide on Schlumberger's bid for Eurasia Drilling in two to three weeks.
Key Petroleum to Commence Testing Ops at Dunnart-2 in WA's EP437 Shortly
Thursday, May 21, 2015 Key Petroleum plans to commence testing operations at Dunnart-2 well in exploration permit EP437 by end of next week.
MEO Farm-out 30% Stake in WA-488-P Permit to Rex International Holding
Thursday, May 21, 2015 MEO farm-out 30 percent stake in WA-488-P exploration permit offshore Western Australia to Rex International Holding.
Wintershall Pulls Out of Qatar Gas Activities
Wednesday, May 20, 2015 German independent energy firm Wintershall says it will give up its gas exploration activities in Qatar.
COSL Completes Deepwater In-Situ Cone Penetration Test in South China Sea
Wednesday, May 20, 2015 China Oilfield Services Ltd. completes deepwater in-situ cone penetration test in South China Sea.

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Production

Mosman Hits Stumbling Block at Petroleum Creek Project
Friday, May 22, 2015 Mosman Oil and Gas revealed Friday that flow tests at its Petroleum Creek Project in New Zealand have produced mostly water, with varying amounts of oil.
First Production Flows at Bukit Tua Field in Ketapang Block Off East Java
Friday, May 22, 2015 PETRONAS commences production at Bukit Tua field in the Ketapang Block offshore East Java, Indonesia.
AWE Updates on Drilling at Waitsia-1 Appraisal Well in Perth Basin
Friday, May 22, 2015 AWE updates on drilling at Watsia-1 appraisal well in Permits L1/L2 in the Perth Basin, Western Australia.
BG Takes Over Operational Control of QCLNG Plant in Australia from Bechtel
Friday, May 22, 2015 BG takes over operations of Queensland Curtis liquefied natural gas plant in Australia from Bechtel.
Noble Energy Confirms Tamar Gas Halt
Thursday, May 21, 2015 In a statement to Rigzone, Noble Energy confirms that it will halt the flow of gas from Tamar this coming weekend after a gas leak was found in one of the pipes at the Ashdod Onshore Terminal.
Empyrean Reports Production Decrease at Sugarloaf
Thursday, May 21, 2015 Empyrean Energy announces a two percent production decrease at its Sugarloaf project in Texas.
BP Suspends West Azeri Platform for Planned Maintenance
Thursday, May 21, 2015 UK oil major BP suspends operations at West Azeri, one of its platforms in the Caspian Sea, for planned maintenance.
Woodside Sees Browse LNG Opening in 2021 at Earliest
Thursday, May 21, 2015 Woodside expects the long-delayed Browse gas project off Australia to be commissioned in late 2021 at the earliest, after pushing out a final investment decision to the second half of 2016, its chief executive says.
NuEnergy Gas Acquires Dart Indonesia's CBM Assets in Sumatra, Kalimantan
Thursday, May 21, 2015 NuEnergy Gas agrees to acquire Dart Indonesia, giving it access to the latter's coal bed methane production sharing contracts in Indonesia.
Noble Energy to Cut Tamar Gas Flow Due to Leak
Wednesday, May 20, 2015 Noble Energy will temporarily halt the flow of gas from Tamar this coming Saturday due to a gas leak in the pipeline of the Ashdod gas terminal.

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Finance and Investing

Eland Sees Reduced Loss
Friday, May 22, 2015 Eland Oil & Gas reveals a $16-million loss in its full-year results for 2014, which compares favorably to a loss of $26 million in 2013.
Turkmenistan Eyes $3B Investment In Its Caspian Oil, Gas In 2015
Wednesday, May 20, 2015 Turkmenistan expects foreign companies to invest more than $3 billion in projects on its part of the Caspian Sea shelf this year, a Turkmen government official says.
Ramba Secures More Funds for West Jambi Exploration Program in Sumatra
Tuesday, May 19, 2015 Ramba Energy secures more funds for exploration program at West Jambi block in Sumatra, Indonesia.
Caza Oil & Gas Reveals Q1 Results
Friday, May 15, 2015 Energy firm Caza Oil & Gas announces unaudited financial and operational results for the first quarter of 2015.
Swiber's 1Q 2015 Revenue Falls to $164.9M, Down 17.3% YOY
Thursday, May 14, 2015 Swiber's revenue falls 17.3 percent in the first quarter of 2015 to $164.9 million, down from $199.5 million a year ago, while net profit slips to $$70,000 from $52.8 million.
AWE Secures $326M Loan Facility
Thursday, May 14, 2015 AWE secures a new $326 million loan facility to support the company's growth strategy and development plans.
WHL Gets $4M Loan from Magna to Support Seychelles, La Bella Projects
Thursday, May 14, 2015 WHL Energy receives a $4 million loan facility from Magna Equities to support its Seychelles and Australia's La Bella projects.

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Company Operations

Malaysia's Petronas Posts 39% Drop in 1Q Profit on Global Oil Slump
Friday, May 22, 2015 Malaysia's Petronas reports a 39-percent drop in quarterly net profit due to lower oil prices.
BG Group, Prosafe Agree New Program for Safe Bristolia Vessel
Friday, May 22, 2015 BG Group and Prosafe agree a new work program for the use of the Safe Bristolia accommodation support vessel on BG's Everest field.
KS Energy's Unit to Supply Onshore Drilling Rig to Ocean Pakistan
Friday, May 22, 2015 KS Energy's subsidiary KS Drilling bags a contract to provide an onshore drilling rig to Ocean Pakistan.
Expro Receives RoSPA President's Award
Thursday, May 21, 2015 Expro wins the President's Award at the Royal Society for the Prevention of Accidents (RoSPA) Occupational Health and Safety Awards 2015.
Aberdeen-based Jee Wins Enhance Oil Recovery Contract
Thursday, May 21, 2015 Aberdeen-based subsea engineering firm Jee wins a contract from Amec Foster Wheeler to design kit for an enhanced oil recovery field development.
Thai PTTEP Cuts 2015 Sales Target, Investment Due to Weak Demand
Thursday, May 21, 2015 PTTEP cuts its 2015 petroleum sales growth target to 3 percent from 6 percent, mainly due to weak demand and slower-than-expected economic growth.
Roxi to Complete Galaz Contract Area Stake Sale to Xinjiang Zhundong Soon
Thursday, May 21, 2015 Roxi Petroleum expects to close the sale of its stake in the Galaz Contract Area by end of this month.
88 Energy Appoints New General Manager for Alaskan Operations
Wednesday, May 20, 2015 88 Energy Limited announces the appointment of Erik Opstad as the general manager of the company's Alaskan operations.
CNOOC Appoints Yang Hua as Chairman, Succeeds Wang Yilin
Wednesday, May 20, 2015 CNOOC appoints Yang Hua as chairman of the Chinese company's board of directors, succeeding Wang Yilin.

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