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Wednesday, November 26, 2014 - Merger and acquisition activity on the Australia market has lifted expectations of further consolidation from around the industry.
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Industry Headlines

Well Abandonment: Q&A with Weatherford International
Friday, November 28, 2014 Rigzone talks to Delaney Olstad, a business development manager for Weatherford, about how the oil and gas industry can best tackle the activity of well abandonment.
Oil Hits New 4-Year Low Post OPEC as Glut Looms
Friday, November 28, 2014 OPEC decides not to cut production at its Vienna meeting.
Peaxy Seeks to Keep Unstructured Data from Going Dark
Friday, November 28, 2014 Peaxy introduces technology to address what it sees as a growing need for better access to Big Data by oil and gas engineers.
Indonesia's Graft Watchdog Targets Energy Sector
Thursday, November 27, 2014 Indonesia's Corruption Eradication Commission (KPK) plans a sector-wide audit of the country's oil and gas industry in a push to clean up the energy sector and restore investor confidence in Southeast Asia's biggest crude producer.
Libya's Recognized Government Appoints New Chairman of State Oil Firm
Thursday, November 27, 2014 Libya's internationally recognized government appoints a new head of state National Oil Corp handling oil exports, a deputy premier says, as a political conflict over control of the country is hitting the vital energy sector.
Russia Sees Average Oil Price at $80-90 in Medium, Long-Term
Wednesday, November 26, 2014 Russia's finance minister says the country sees the oil price averaging between $80 and $90 per barrel in the medium term.
Report: North America Focus of Oil, Gas Technology Investment
Wednesday, November 26, 2014 North America's oil and gas resources have been the focus of most of the technology investments made worldwide since 2003, according to Lux Research.
Oil Declines As OPEC Seen Holding Off From Production Cuts
Wednesday, November 26, 2014 Oil prices fall after OPEC increases signals that it would hold off making any major production cuts this week.

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Exploration

Taipan Expects to Spud Badada-1 Well in Kenya's Block 2B in January
Friday, November 28, 2014 Taipan Resources expects to spud the Badada-1 well in Block 2B in Kenya in January.
Rey Resources to Acquire Backreef's 50% Interest in WA's Derby Block
Friday, November 28, 2014 Rey Resources to acquire Backreef Oil's 50 percent interest in the Derby Block in the Canning Basin of Western Australia.
Magnus Energy to Participate in PEL 101 Drilling Program in South Australia
Friday, November 28, 2014 Magnus Energy to participate in Drillsearch's drilling program for petroleum exploration license 101 in South Australia.
Dolphin Accepts LOA for 3D Seismic Projects Offshore India
Friday, November 28, 2014 Dolphin Geophysical accepts Letter of Award for two 3D seismic projects in India
Linc Energy Finds Oil Shows at Pata-1 Exploration Well in Arckaringa Basin
Thursday, November 27, 2014 Linc Energy finds oil shows at Pata 1 exploration well in the Arckaringa Basin in South Australia.
Santos Finds Gas at Varanus South-1 Well in PEL 513 in Cooper Basin
Thursday, November 27, 2014 Santos makes a new wet gas discovery at Varanus South-1 well in PEL 513 in South Australia's Cooper Basin.
Woodside Gets License to Explore Morocco's Rabat Ultra Deep Offshore Area
Wednesday, November 26, 2014 Woodside receives exploration license for Rabat Ultra Deep Offshore area in Morocco.
Otto Energy Secures Extension of Service Contract 55 in the Palawan Basin
Wednesday, November 26, 2014 Otto Energy receives government approval for an extension of Service Contract 55 in the Palawan Basin, offshore Philippines by a year.
Shale Gas Company Extends Poland Licenses
Tuesday, November 25, 2014 A company official says San Leon Energy is extending its licenses to explore for shale gas in northern Poland.
Russia's Gazprom Neft Partners With Petrovietnam To Tap Arctic Oil
Tuesday, November 25, 2014 Gazprom Neft agrees to develop Russia's Dolginskoye offshore Arctic oil field jointly with Petrovietnam.

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Production

Statoil Picked to Operate Johan Sverdrup Field
Friday, November 28, 2014 Statoil will operate the giant Johan Sverdrup oilfield in the Norwegian sector of the North Sea.
Oil Basins Completes Acquisition of Permit Vic/P47 in Gippsland Basin
Friday, November 28, 2014 Oil Basins completes full acquisition of petroleum exploration permit Vic/P47 in the Gippsland Basin, offshore Australia.
Buru Suspends Ungani North 1 Well in WA's Canning Basin
Thursday, November 27, 2014 Buru Energy suspends Ungani North 1 well in Canning Basin, Western Australia to evaluate results of well test.
NWS JV to Develop $1B Persephone Project Off Northwest Australia
Thursday, November 27, 2014 The North West Shelf joint venture approves development of the $1.02 billion Persephone project offshore northwest Australia.
FMC Commissions First All Nigerian-Built Subsea Production Tree
Wednesday, November 26, 2014 The Bonga Northwest Development will feature the first subsea production trees engineered, manufactured, tested, installed and serviced by FMC Technologies entirely in Nigeria.
Santos Reassures on Costs at $18.5B Gladstone LNG Project
Wednesday, November 26, 2014 Santos is on track to produce first liquefied natural gas from its $18.5 billion Gladstone LNG project in the second half of 2015, reassuring doubters who fear it may face cost overruns.
Sona Clings on to Fading Hopes of Acquiring Thai Assets from Salamander
Wednesday, November 26, 2014 Sona Petroleum clings on to fading hopes of completing its $280 million acquisition of two oil and gas blocks in the Gulf of Thailand from Salamander Energy.
TAG's Cheal-E6 Well Intersects Oil and Gas Bearing Sands in Taranaki Basin
Wednesday, November 26, 2014 TAG Oil's Cheal-E6 well intersects oil and gas bearing sands in onshore Taranaki Basin, New Zealand.

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Finance and Investing

Mermaid Maritime's FY 2014 Net Profit Rises 193.4% to $45.27M
Thursday, November 27, 2014 Mermaid Maritime's financial year 2014 net profit soars 193.4 percent to $45.27 million from $15.42 million a year ago.
Petrofac Slides as Oil Price, Project Delays Weigh
Monday, November 24, 2014 Oilfield services firm Petrofac expects its profit for 2015 to fall short of its goal.
Oil Companies' New Math Makes Them Look Bigger in Texas
Friday, November 21, 2014 Energy companies have long touted to Wall Street investors the number of acres they lease or own as a measure of how many oil and gas shale wells they can potentially drill.
EY: Global O&G M&A Outlook 'Cautiously Optimistic'
Friday, November 21, 2014 Despite an increasingly stable global economy, resilient equity markets and corporate earnings confidence, the global oil and gas M&A landscape remains only cautiously optimistic, according to a recent EY Survey.
Bumi Armada's 3Q 2014 Net Profit Rises to $32.23M, Up 9.9% YOY
Friday, November 21, 2014 Bumi Armada's net profit reaches $32.23 million in the third quarter of 2014, up 9.9 percent from last year's $29.34 million.
Fosun Closes Off-Market Takeover Bid for Roc Oil
Tuesday, November 18, 2014 Fosun International confirms closure its off-market takeover bid for Roc Oil.

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Company Operations

SeaBird Suffers Amid Weakening Demand for Surveys
Friday, November 28, 2014 SeaBird Exploration falls into loss as it sees global demand for seismic surveys weaken substantially.
Searcher Seismic, BGP to Carry Out Seismic Survey in Offshore Canning Basin
Friday, November 28, 2014 Searcher Seismic and BGP will undertake a seismic campaign in the offshore Canning Basin, Australia early next year.
Indonesia to Name One of Three Candidates for Top Post in Pertamina
Friday, November 28, 2014 Indonesia is set to appoint one of three shortlisted candidates to head Pertamina shortly.
EnerMech Forms JV with Abdulla Fouad Group to Boost Growth in Saudi Arabia
Friday, November 28, 2014 EnerMech inks joint venture agreement with Abdulla Fouad Group to expand operations in Saudi Arabia.
Russia's Lukoil 3Q Profit Halves to $1.6B on Weak Oil, Rouble
Thursday, November 27, 2014 Russia's Lukoil is hit hard by low oil prices and a weak rouble.
Tethys Petroleum Appoints John Bell as Chairman
Thursday, November 27, 2014 Central Asia-focused Tethys Petroleum appoints John Bell as its new executive chairman.
Beach Energy Appoints Former Woodside EVP Robert Cole as MD
Thursday, November 27, 2014 Beach Energy appoints former Woodside executive vice president, Corporate and Commercial Robert Cole as its new managing director.
Urals Receives Payment for Tanker Shipment
Wednesday, November 26, 2014 Russia-focused junior Urals Energy receives payment from Petraco Oil Company following a recent tanker shipment.
Keppel AmFELS Delivers Jackup Coatzacoalcos to Perforadora Central
Wednesday, November 26, 2014 Keppel AmFELS delivers newbuild jackup Coatzacoalcos to a unit of Mexico's Perforadora Central.
PGS Moves Asia Pacific HQ to Malaysia
Wednesday, November 26, 2014 PGS relocates its regional headquarters in Asia Pacific to Kuala Lumpur, Malaysia from Singapore as the firm restructures its business activities.

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