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Wednesday, October 29, 2014 - Rigzone takes a look at a few of the products and services that have been announced by oilfield equipment and services suppliers at this year's SPE technical conference and exhibition in Amsterdam.
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Industry Headlines

Texas RRC Issues New Regulations on Fracking Disposal Wells
Wednesday, October 29, 2014 Texas' oil and gas regulatory body issues new rules regarding the location and operation of disposal wells used in hydraulic fracturing.
Bakken Production Surge Boosts Hess Quarterly Profit
Wednesday, October 29, 2014 Hess posts a better-than-expected quarterly profit as production jumped and costs fell in North Dakota's booming Bakken shale formation.
Monitor: Islamic State Fights Syrian Army for Gas Field, Kills 30
Wednesday, October 29, 2014 Islamic State militants kill at least 30 pro-government fighters in an assault on a gas field, according to a monitoring group.
Enhanced Oil Recovery: Prospects for CO2-based EOR
Wednesday, October 29, 2014 In the first of three articles examining enhanced oil recovery, research firm Visiongain looks at the prospects for carbon dioxide-based EOR.
Hess To Proceed With $6B US Oil Project Despite Price Dip
Wednesday, October 29, 2014 Hess says it would proceed with the development of the $6B Stampede project in the US Gulf of Mexico, one of the biggest energy investments announced during the current oil price slump.
Oil Ends Up As US Crude Stocks Rise Less Than Expected
Wednesday, October 29, 2014 Oil prices close higher for a second day in a row after data showed US crude stockpiles rose less than expected last week.
Noble Energy Profit Misses Expectations On Weak Oil Growth
Tuesday, October 28, 2014 Noble Energy posts lower-than-expected quarterly profit as US oil production disappointed analysts partly due to an ongoing lack of infrastructure in a key shale field.

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Exploration

BGP Explorer to Undertake Multi-Client Seismic Campaign in Australia
Thursday, October 30, 2014 Searcher Seismic contracts BGP to undertake a major multi-client seismic campaign in Australia.
Eni Finds 1B Barrels of Oil in Congo's Pre-Salt Play
Thursday, October 30, 2014 Eni says it had found around 1 billion barrels of oil equivalent in its shallow-water Marine XII block off the coast of Congo.
Hydraulic Stimulation Program Commences at Redland-1 Well in Quuensland
Thursday, October 30, 2014 Beach Energy commences hydraulic stimulation program at Redland-1 well in ATP 855 in the Cooper Eromanga Basin in Australia.
Seadrill's West Telesto to Drill Sea Lion Prospect in VIC/P57 Off Australia
Thursday, October 30, 2014 Hibiscus Petroleum's unit contracts Seadrill's West Telesto jackup to drill the Sea Lion prospect in permit VIC/P57 offshore Australia.
Senex Spuds Akele-1 Prospect in South Australia Coooper Basin
Thursday, October 30, 2014 Senex Energy spuds Akele-1 prospect in PEL 110 in South Australia Cooper Basin.
UK Juniors Apply for Isle of Wight License
Wednesday, October 29, 2014 A group of UK-focused junior oil firms submit an application for a license covering an onshore area of the Isle of Wight in the 14th Landward Licence Round.
3D Oil Prepares for Flanagan 3D Seismic Survey in Otway Basin
Wednesday, October 29, 2014 3D Oil prepares for Flanagan 3D seismic survey in permit T/49P in Australia's Otway Basin, with work to be carried out by the Polarcus Asima vessel.
Sona Secures $140M Loan for Acquisition of 2 Blocks in Gulf of Thailand
Wednesday, October 29, 2014 Sona Petroleum secures a $140 million loan facility to part finance its acquisition of two blocks in the Gulf of Thailand from Salamander Energy.
Official: Algeria To Hold Oil And Gas Auction Within Weeks
Wednesday, October 29, 2014 Algeria is preparing a new auction of oil and gas blocks, an official says, after the North African country awarded just four of 31 fields last month in the first attempt to lure foreign investors since 2011.
Searcher Completes Mialara 2D Seismic Survery Offshore East Palawan
Tuesday, October 28, 2014 Searcher Seismic completes acquisition of the Mialara 2D seismic survey, offshore east Palawan in the Philippines.
Eni Finds Gas at Merakes Well in East Sepinggan Block Off East Kalimantan
Tuesday, October 28, 2014 Eni discovers gas at Merakes exploration well in the East Sepinggan block, offshore East Kalimantan, Indonesia.

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Production

AWE, Santos Progress Development of Indonesia's Ande Ande Lumut Project
Thursday, October 30, 2014 AWE and Santos progress development work for the Ande Ande Lumut oil project offshore Indonesia.
Petronas Carigali Extends BW Offshore's Contract for FPSO Berge Helene
Thursday, October 30, 2014 Petronas Carigali's unit extends BW Offshore's contract for FPSO Berge Helene for two years.
Technip Bags Subsea Deal from Chevron for Indonesia's Bangka Development
Wednesday, October 29, 2014 Technip bags a subsea contract, worth $127.5-$318.6 million, from Chevron for the Bangka development in the Rapak production sharing contract offshore East Kalimantan, Indonesia.
Madagascar Oil Submits Tsimiroro Oil Field Development Plan for Approval
Wednesday, October 29, 2014 Madagascar Oil submits the Tsimiroro development plan in Madagascar for approval by the authorities.
Whiting Profit Beats Street As North Dakota Output Jumps
Wednesday, October 29, 2014 Whiting Petroleum posts a higher-than-expected quarterly profit as production rises 33% at its North Dakota wells.
Eni Opts Out of Heron Area in Timor Sea, Keeps 50% Stake in Blackwood Area
Wednesday, October 29, 2014 Eni withdraws from the Heron Area of permit NT/P68 in the Timor Sea, but retains a 50 percent stake in the Blackwood Area.
Indonesia Says Chevron Gas Project Set Back by Up to 2 Years
Wednesday, October 29, 2014 The target for full operation of the Indonesia Deepwater Development gas project has been delayed by up to two years to around 2020, a senior official says, reducing the country's prospects of remaining a major gas exporter.
EnQuest Awards Technip Kraken Contract
Tuesday, October 28, 2014 Technip is selected for an EPCI contract for the Kraken development by EnQuest.
First Oil from Manora Development in Gulf of Thailand Set for Mid-November
Tuesday, October 28, 2014 First oil from the Manora development in the northern Gulf of Thailand is expected by mid-November as platform commissioning gets underway, while hook-up and commissioning near completion.

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Finance and Investing

Drillsearch Completes Acquisition of Ambassador Oil & Gas
Tuesday, October 28, 2014 Drillsearch completes compulsory acquisition of the outstanding shares in Ambassador Oil & Gas.
BP Posts Slump In Russian Income But Raises Dividend
Tuesday, October 28, 2014 BP increases dividends for its third quarter as it sees a jump in operating cash flow.
Chesapeake Oilfield Services Pulls IPO Plans
Friday, October 24, 2014 Chesapeake Oilfield Services says it would withdraw its plans for an initial public offering.
EMAS Offshore Posts 39.3% Increase in Net Profit for FY 14 to $54.7M
Thursday, October 23, 2014 Ezra Holding's subsidiary EMAS Offshore posts a four-fold increase in net attributable profit for financial year that ended Aug. 31.
6 Mistakes to Avoid When Investing in Natural Gas
Wednesday, October 22, 2014 Unfortunately, there's no way to know what the future will bring, but there is a way to maximize your chances of investing success. Check out these six mistakes to avoid when you invest in natural gas.
Rosneft Says Projects Economically Viable Even If Oil Price Slips Further
Friday, October 17, 2014 Rosneft says the recent fall in oil prices is not critical for the company and it sees "no reason for concern".

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Company Operations

Thailand's PTTEP 3Q Net Profit Down 16% On Year
Thursday, October 30, 2014 Thailand's PTTEP says its third quarter net profit fell 16 percent, hit chiefly by rising expenses and lower prices of crude oil that dragged down its selling prices.
Perdana Petroleum Sells Offshore Support Vessel to Hauston for $28.5M
Thursday, October 30, 2014 Perdana Petroleum's subsidiary sells an offshore support vessel to Hauston for $28.5 million.
Oilfield Suppliers Launch Products, Services at SPE Amsterdam
Wednesday, October 29, 2014 Rigzone takes a look at a few of the products and services that have been announced by oilfield equipment and services suppliers at this year's SPE technical conference and exhibition in Amsterdam.
3D Software Allows Greater Clarity in Well Completion Design
Wednesday, October 29, 2014 Baker Hughes says its new 3D completion design software addresses the need for a clear picture in the well completion design process.
France's Total Beats 3Q Profit Forecasts, CEO To Visit Oil Leaders
Wednesday, October 29, 2014 Total's new CEO Patrick Pouyanne will embark on a tour to meet crucial contacts at oil-rich countries as the firm's 3Q profits are squeezed by falling oil prices.
SBI Offshore Appoints Mirzan Mahathir to its Board of Directors
Wednesday, October 29, 2014 SBI Offshore appoints prominent Malaysian businessman Mirzan Bin Mahathir to its board of directors.
Tri-Star Commences Court Proceedings Against APLNG on CSG Tenements
Wednesday, October 29, 2014 Tri-Star commences proceedings against Australia Pacific LNG seeking court orders that reversion has occurred for its 45 percent stake in coal seam gas assets in petroleum tenements and tenement applications in Queensland, Australia.
Jee Ltd. Wins Pioneering Cable Solutions Gig
Tuesday, October 28, 2014 Jee Ltd. wins a contract from Scottish Enterprise to develop subsea electrical array cable solutions for tidal energy installations.

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