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Friday, March 27, 2015 - Industry veterans and experts offer tips and advice for offshore workers who are considering transitioning from working on a rig to working in an office.
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Industry Headlines

Congress Takes On Energy Issues
Friday, March 27, 2015 Federal energy policy in the US took a turn to the right last week as the House passed a budget bill, the EPA and the Department of Interior got sued, and the Senate went on a marathon voting session.
Unions: UK North Sea Workers Give 'Overwhelming' Support For Strike
Friday, March 27, 2015 Trade unions Unite and GMB say members working offshore in Britain's oil and gas industry showed overwhelming support for industrial action in a consultative ballot.
Baker Hughes: US Oil Rig Decline Smallest Since December
Friday, March 27, 2015 The number of rigs drilling for oil in the US declined by 12 this week to 813, the smallest decline since December, according to Baker Hughes.
Brazil Govt Names Vale CEO Ferreira To Head Petrobras Board
Friday, March 27, 2015 Brazil's government selects Murilo Ferreira, the chief executive officer of miner Vale, to head the board of state-run Petroleo Brasileiro.
Shell Moves Rigs To Alaska Ahead Of Possible Drilling Permit
Friday, March 27, 2015 Shell is moving oil rigs to Alaska ahead of the possible resumption of controversial drilling activities as the oil major awaits the green light from US authorities.
Offshore to Office: Transitioning from a Rig to Office in Oil, Gas
Friday, March 27, 2015 Industry veterans and experts offer tips and advice for offshore workers who are considering transitioning from working on a rig to working in an office.
Advanced Drillships Become Burden For Owners As Business Dries Up
Friday, March 27, 2015 Drillship operators face a more brutal hit to margins than they did in 2008 because of the huge cost of maintaining the more than $10B worth of state-of-the-art vessels, analysts say.
Oil Dives 5% As Worries About Iran Talks Trump Yemen
Friday, March 27, 2015 Oil tumbles 5%, erasing the previous session's gains, as Yemen's conflict looks less likely to disrupt Middle East crude shipments.

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Exploration

Minister: Russia May Allow More Firms To Offshore Oil
Friday, March 27, 2015 Russia may allow more oil companies to access its offshore projects, Energy Minister Alexander Novak says.
Maurel et Prom Slashes Oil Hunting Budget as Prices Weak
Thursday, March 26, 2015 France's Maurel et Prom slashes its exploration budget by more than 60 percent.
Dolphin Geophysical Commences Seismic Survey for Ophir Energy Off Myanmar
Thursday, March 26, 2015 Dolphin Geophysical commences seismic acquisition offshore Myanmar for Ophir Energy.
Drilling Activity to Rebound in 2016 after Exploration Cuts this Year
Thursday, March 26, 2015 Drilling activity across the global oil and gas industry could return to 2014 levels next year, according to a new report from research firm Wood Mackenzie.
OGDCL Discovers Oil at Palli Deep-1 Well in Pakistan's Sindh Province
Thursday, March 26, 2015 Oil and Gas Development Co. Ltd. discovers oil at the Palli Deep-1 exploration well in Sindh province, Pakistan.
AWE Spuds Irwin-1 Exploration Well in Onshore Perth Basin
Thursday, March 26, 2015 AWE spuds the Irwin-1 exploration well in Perth Basin, Western Australia.

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Production

Energy Minister: Indonesia's Pertamina To Operate Mahakam Block From 2018
Friday, March 27, 2015 Indonesia's Pertamina will operate the Mahakam natural gas block offshore East Kalimantan, according to the country's energy minister.
NOC Data: Libya Boosts Oil Output Despite Turmoil
Friday, March 27, 2015 Libya, struggling with militant attacks and two governments vying for control of the country, has boosted oil production to around 622,000 bpd, a report from NOC says, higher than previously expected.
CNOOC to Boost Output 18% Over 3 Years; Vows Cost Cuts
Friday, March 27, 2015 CNOOC aims to boost output by 18% over the next three years, after reporting stronger-than-expected 2014 profit on cost cuts and higher production.
Swiber Lands $405.6M Contracts, Including a $333M EPCI Deal from Indian NOC
Thursday, March 26, 2015 Swiber lands $405.6 million contracts, including a $333 million deal for engineering, procurement, construction and installation services to a national oil company in India.
Lion Reports Significant Gas Shows at Lofin-2 Well in Indonesia's Seram PSC
Thursday, March 26, 2015 Lion Energy says CITIC finds significant gas shows at Lofin-2 appraisal well in the Seram (Non-Bula) Production Sharing Contract in eastern Indonesia.
BlackRock, First Reserve Take $900M Stake In Mexico Pipeline Project
Thursday, March 26, 2015 BlackRock and First Reserve have taken a joint stake worth around $900 million in the second phase of Mexico pipeline project Los Ramones, Pemex says.

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Finance and Investing

US Shale Oil Firms Raise Enough Equity To Avoid Loan Reset Squeeze
Tuesday, March 24, 2015 A surge in equity issuance so far this year by oil and gas companies has surprised many who in December thought the price drop would hurt the ability of producers to tap capital markets.
Tullow Gets $450M Lending Boost from Creditors, Shares Climb
Friday, March 20, 2015 Africa-focused oil producer Tullow Oil raises an additional $450 million of capital from existing lenders, boosting its financial strength despite weak oil prices and sending shares higher.
EnQuest Says To Increase North Sea Investments After Tax Cuts
Thursday, March 19, 2015 EnQuest says it will be able to invest more money in some of its North Sea oil fields after Britain announced cuts to oil and gas taxes.
Ophir Returns to Profit and Cuts Spending
Thursday, March 19, 2015 Oil explorer Ophir Energy, which completed the acquisition of rival Salamander Energy this month, returned to profit last year and says it would cut spending by $250 million over two years to deal with low oil prices.
Sources: Saudi Aramco Nears $10B Loan Deal At Tight Pricing
Thursday, March 12, 2015 Saudi Aramco, the kingdom's state oil giant, is close to completing a $10B tightly-priced loan, according to banking sources.
Dragon Oil Approached By Largest Shareholder
Tuesday, March 17, 2015 Dragon Oil Plc says it had been approached by Dubai's Emirates National Oil Co Ltd LLC (ENOC), its largest shareholder, about a possible offer for its shares ENOC did not already own.

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Company Operations

Aker Appoints New Business Heads
Friday, March 27, 2015 Aker Solutions appoints Tore Sjursen as its new VP for operation improvement and risk management and Knut Sandvik as the new head of its MMO business.
Stockholders Approve Halliburton, Baker Hughes Merger
Friday, March 27, 2015 Halliburton and Baker Hughes announce stockholders have approved the merger agreement and thereby approve the proposed combination of the two companies.
Chevron Seeks to Exit Caltex Australia with $3.6B Stake Sale
Friday, March 27, 2015 Chevron seeks to sell its entire stake in Caltex Australia for $3.6 billion.
Wintershall's Seele To Head Austria's OMV From July
Friday, March 27, 2015 OMV selects Rainer Seele, head of BASF's oil and gas subsidiary Wintershall since 2009, as its new chief executive.
ConocoPhillips Awards Bayu-Udan Satellite Communications Deal to Speedcast
Thursday, March 26, 2015 Speedcast bags satellite communications services contract from ConocoPhillips for the Bayu-Udan field in Timor Sea.
Yokogawa to Supply Control & Safety System for Petronas' PFLNG2 Facility
Thursday, March 26, 2015 Yokogawa wins contract to supply a control and safety system for Petronas' floating liquefied natural gas facility (PFLNG2) now under construction in South Korea.

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