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Industry Headlines

BHP Plans To Shed Around 100 HQ Jobs As Commodities Tumble
Tuesday, July 28, 2015 BHP Billiton intends to cut about 100 jobs at its Melbourne headquarters in coming years as it strives to lower overheads and streamline corporate operations amid a crash in minerals prices.
Hercules Needs A Hero As Shares Prices Sink
Tuesday, July 28, 2015 In a struggling time for many offshore companies, Hercules Offshore's plan for bankruptcy is sinking its shares prices in an especially tough trading environment.
Mexico's Pemex Posts Wider 2Q Loss On Lower Prices, Output
Tuesday, July 28, 2015 Pemex reports a bigger second-quarter loss, weighed down by a nearly 10% slide in crude output.
European Majors Reap Benefits of Cost-Cutting Measures
Tuesday, July 28, 2015 Statoil and BP are reaping the benefits of cost cutting across their operations.
I Just Got Laid Off ? Now What?
Tuesday, July 28, 2015 Career experts offer advice to oil and gas professionals who are looking to move their career forward after layoffs.
OGA Names Final Winners from 28th Offshore Licensing Round
Monday, July 27, 2015 The UK's Oil and Gas Authority announces the remaining winners from the 28th Offshore Licensing Round, which covers 353 blocks on the UK Continental Shelf.
Oil Hits 4-Month Low On China Stock Market Dive, Supply Concern
Monday, July 27, 2015 Crude oil futures hit 4-month lows after a steep drop in China's stock markets spark concern about the economic health of the world's biggest energy consumer.

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Exploration

Pantheon Resources: VOBM#1 Spuds, 2 Well Drilling Program Starts
Tuesday, July 28, 2015 Pantheon Resources announces the spud of the VOBM#1 well, onshore East Texas, and the commencement of a 2 well drilling program.
Pura Vida: MZ-1 Well Secondary Objectives Come Up Dry, Drilling Continues
Tuesday, July 28, 2015 Pura Vida Energy NL announces that the secondary objectives of the MZ-1 exploration well offshore Morocco have come up dry.
Dolphin Begins East Campeche Seismic Survey Offshore Mexico
Tuesday, July 28, 2015 Seismic survey specialist Dolphin Geophysical begins the East Campeche 2D long-offset multi-client survey offshore Mexico.
Vermilion Energy Enters Farm-in Agreement in Germany
Tuesday, July 28, 2015 Vermilion Energy enters into a farm-in agreement with Mobil Erdgas-Erdol and BEB Erdgas und Erdol.
Total Likely to Get Rights to Explore for Oil, Gas Offshore Sri Lanka
Tuesday, July 28, 2015 Sri Lanka expects to grant Total rights to explore for oil and gas off the country's east coast, according to local media.
Seabed Solutions Bags $125M Deal from ADNOC for Ghasha-Butini Field Survey
Tuesday, July 28, 2015 Seabed Geosolutions bags $125 million contract with Abu Dhabi National Oil Company for survey over the Ghasha-Butini field off the United Arab Emirates.

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Production

Attack Halts Flow in Natural Gas Pipeline from Iran to Turkey
Tuesday, July 28, 2015 Saboteurs attack a pipeline carrying natural gas from Iran to Turkey, according to the Turkish energy minister.
Russia's Gazprom Gas Output Seen at All-Time Low in 2015
Tuesday, July 28, 2015 Russia's Economy Ministry expects gas production at Gazprom to decline to an all-time low due to sluggish demand and a fall in upstream investments.
Douglas-Westwood Comments on the Evolution of Subsea EPC
Tuesday, July 28, 2015 Douglas-Westwood comments on the evolution of subsea enginering, procurement and construction sector.
APLNG Moves Closer to Commencing Ops at First LNG Train in Curtis Island
Tuesday, July 28, 2015 Australia Pacific LNG moves closer to commencing operations of the first liquefied natural gas train in Curtis Island, Australia.
Cooper Energy Spuds Bunian-4 Well in Sukananti KSO in South Sumatra
Tuesday, July 28, 2015 Cooper Energy spuds Bunian-4 appraisal well in Sukananti KSO, South Sumatra, Indonesia.
Galp Produces Solid Results for 2Q 2015
Monday, July 27, 2015 Portugal's Galp Energia produces 'another solid upstream result' according to analysts who follow the firm.

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Finance and Investing

SBM Completes $1.55B Financing of FPSO Cidade de Saquarema
Tuesday, July 28, 2015 SBM Offshore completes $1.55 billion financing of FPSO Cidade de Saquarema, which will deploy for work in the Lula field offshore Brazil when ready.
Default Worries Close Bond Market Door To E&P Names
Friday, July 24, 2015 US oil exploration and production firms are again seeing their access to debt capital markets shrink, after a slide in oil prices put worries about defaults back on the radar.
PGS Reveals $80 Million Year-on-Year Revenue Loss in 2Q 2015
Thursday, July 23, 2015 PGS reveals a revenue loss of over $80 Million in 2Q 2015, compared to the same period last year.
Thai PTTEP 2Q Profit Plunges on Forex, Oil Hedging Losses
Thursday, July 23, 2015 PTT Exploration and Production PCL (PTTEP), Thailand's largest oil and gas explorer, says its second quarter net profit slumped 94 percent, dragged by a fall in revenue, and foreign exchange and oil hedging losses.
Chesapeake Energy Suspends Dividend Payments
Tuesday, July 21, 2015 Chesapeake says it will suspend dividend payments starting in the current quarter to save up to $240 million a year.
FT: Shell Expected to Reduce Capex for the Year
Monday, July 20, 2015 Shell, which is all set to acquire rival BG, may cut its capital expenditure for the year by several billion dollars from the previously announced $33 billion figure, the Financial Times reports.

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Company Operations

PTS Warns UK Seafarers to be Prepared for Regulatory Changes
Tuesday, July 28, 2015 Petrofac Training Services warns UK seafarers to be prepared for upcoming changes to the Standards of Training, Certification and Watchkeeping, which are due to come into force on January 1, 2017.
Trapoil Merges with Jersey Oil and Gas
Tuesday, July 28, 2015 Junior energy firms Trapoil and Jersey Oil and Gas agree to merge.
Statoil CEO Sees Oil at $80 by 2018
Tuesday, July 28, 2015 Statoil CEO Eldar Saetre sees the price of oil climbing to $80 per barrel by 2018.
BP Misses 2nd Quarter Profit Forecast on Spill Charge
Tuesday, July 28, 2015 BP misses 2Q 2015 profit expectations due to a $9.8 billion pre-tax charge related to the 2010 Macondo oil spill.
Technip Secures Subsea Tie-in Contract for PETRONAS' PFLNG1 Facility
Tuesday, July 28, 2015 Technip secures an engineering, procurement, construction, installation and commissioning contract from Petronas Carigali for the tie-in of Petronas FLNG1 facility to KAKG-A platform in Kanowit field, offshore East Malaysia.
Dayang Increases Stake in Malaysia's Perdana Petroleum to 51.21%
Tuesday, July 28, 2015 Dayang Enterprise's proposed takeover of Malaysia's Perdana Petroleum becomes unconditional after gaining more than 50 percent ownership of the latter.

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