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Wednesday, April 01, 2015 - Netherlands-based suppliers to the offshore oil and gas industry are starting to feel the effect of a downturn in the sector caused by the lower oil price.
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Industry Headlines

Pemex Oil Platform Fire Kills 4 in Gulf of Mexico, 302 Evacuated
Thursday, April 02, 2015 At least four people died after a fire broke out on a Pemex oil processing platform in the Gulf of Mexico early on Wednesday, leading to the evacuation of 302 workers, the Mexican state-run oil company says.
UPDATE: Four Workers Confirmed Dead in PEMEX Platform Fire
Wednesday, April 01, 2015 PEMEX is battling a fire that broke out on an oil platform in Mexico's Bay of Campeche.
BP Faces Investor Discontent Over CEO Dudley's 2014 Pay
Wednesday, April 01, 2015 Two leading consultants have urged BP shareholders to vote against CEO Dudley's $12.7 million 2014 pay, saying it was not in line with the energy major's poor performance.
Low Oil Prices Prompt ConocoPhillips to Review Workforce Needs
Wednesday, April 01, 2015 ConocoPhillips warns workers that it could reduce workforce headcount if oil prices remain low for an extended period of time.
Brazil Comptroller Probes Five More Contractors In Petrobras Scandal
Wednesday, April 01, 2015 Brazil's office of the comptroller general says it added another 5 construction and engineering firms to an investigation of contractors that allegedly participated in a corruption ring at Petrobras.
Whiting CEO Says Can Still Grow At Current Oil Prices
Wednesday, April 01, 2015 Whiting can remain profitable and increase production even at current crude prices, Chief Executive Jim Volker says.
Germany Sets Very High Bar For Fracking
Wednesday, April 01, 2015 German Chancellor Angela Merkel's cabinet signs off on a draft law that imposes an effective ban on fracking.
The Oil, Gas Guide to Networking: How To Connect and Communicate
Wednesday, April 01, 2015 Rigzone speaks with Katie Mehnert, a self-proclaimed "people engineer", who offers tips on effective connecting and communicating when networking in oil and gas.
Oil Jumps After US Output Drop As Iran Talks Drag
Wednesday, April 01, 2015 Oil jumps as much as 5%, snapping a 3-session losing streak, as US crude output falls for the first time in two months.

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Drilling Continues at Irwin-1 Exploration Well in Onshore Perth Basin
Wednesday, April 01, 2015 AWE reports that drilling continues at Irwin-1 exploration well in onshore Perth Basin, Western Australia.
Eni, PetroVietnam Ink PSCs for Myanmar's Offshore Blocks MD-2, MD-4
Tuesday, March 31, 2015 Eni and partner PetroVietnam ink two production sharing contracts for Blocks MD-2 and MD-4 offshore Myanmar.
Key Receives Environmental Plan Approval for Dunnart-2 Test Program in WA
Tuesday, March 31, 2015 Key Petroleum receives approval of its environmental plan for the Dunnart-2 testing program in EP437 in Perth Basin, Western Australia.
Reliance Signs Production Sharing Pact For Offshore Blocks In Myanmar
Tuesday, March 31, 2015 Reliance says it signed an agreement with Myanmar for a production sharing contract for two offshore blocks.
VAALCO Encounters Disappointment at Kindele-1 Exploration Well Off Angola
Tuesday, March 31, 2015 VAALCO plugs and abandons the Kindeke-1 exploration well in Block 5, offshore Angola after encountering disappointing drilling results.
KrisEnergy Finds Thailand's Rossukon-2ST Well Drilling Results Encouraging
Tuesday, March 31, 2015 KrisEnergy says the Rossukon-2ST well in Gulf of Thailand's G6/48 license encountered the highest net pay of three discovery wells drilled so far in the Rossukon area.

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Hess is Mirroring Toyota Manufacturing Process to Slash Well Costs
Thursday, April 02, 2015 Hess turns to a manufacturing process developed by automaker Toyota Motor to cut costs and boost production as crude oil prices lag.
Woodside Closes Purchase of Apache's Stakes in Australian Upstream Assets
Thursday, April 02, 2015 Woodside closes purchase of Apache's stakes in Australian upstream assets, comprising the Wheatstone and Balnaves developments.
Buru Energy Secures Indigenous Agreement for Ungani Oil Project in WA
Thursday, April 02, 2015 Buru Energy secures indigenous land use agreement from the Yawuru People to proceed with the Ungani Oil Field project in Canning Basin, Western Australia.
Aminex Expects Kiliwani North Development to Flow Gas Late in 1H 2015
Wednesday, April 01, 2015 Aminex expects to commence gas production from the Kiliwani North Development in Tanzania towards the end of first half 2015.
ABS Certification Process on FPSO Armada Perdana Delays Oyo-8 Production
Wednesday, April 01, 2015 CAMAC says oil production from Oyo-8 well offshore Nigeria has been delayed due to American Bureau of Shipping certification process on FPSO Armada Perdana.
Jupiter Updates on Kazakhstan Operations, Drilling at East Akkar Field
Wednesday, April 01, 2015 Jupiter Energy updates on operations in Kazakhstan, including drilling at Well 19 in the East Akkar field.
Maersk Oil Commences Production from New Platform in Danish North Sea
Tuesday, March 31, 2015 Maersk Oil commences production from a new unmanned platform Tyra Southeast-B in the Danish North Sea.
Scana to Supply Mooring Equipment for FPSO in Ghana's OCTP Project
Tuesday, March 31, 2015 Scana Offshore Vestby lands contract to supply mooring equipment to Yinson Production for the floating production, storage and offloading facility for Ghana's Offshore Cape Three Points project.
Total's Divestments in 3 Onshore Blocks in Nigeria Reaches $1B
Monday, March 30, 2015 Total's recent divestment of stakes in three onshore blocks in Nigeria reaches $1 billion.

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Finance and Investing

UAE's TAQA Slashes Capex Plans, Dividend, After Big 4Q Loss
Wednesday, April 01, 2015 Abu Dhabi National Energy Co (TAQA) says it would slash its capital expenditure plans and costs after posting big losses in the fourth quarter on lower oil prices.
Total Seeks Arbitration Over Uganda Tax Dispute
Tuesday, March 31, 2015 Total is seeking international arbitration over a tax disagreement with Uganda which could further delay crude oil production in the east African country.
Delek Moves to 4Q Loss on One-Off Items, Delays London Listing
Tuesday, March 31, 2015 Israeli energy company Delek Group reports a net loss in the fourth quarter, weighed down by one-time capital losses and writedowns from the divestment of assets.
Peru's State Oil Company Says Scraps Plan For 2015 Share Offer
Monday, March 30, 2015 Petroperu will not go through with a previously announced plan to sell shares on the local stock market this year, the firm's president German Velasquez says.
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.

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Company Operations

PETRONAS, OPITO Cooperate on Oil, Gas Skills Development in Malaysia
Thursday, April 02, 2015 PETRONAS and OPITO cooperate to provide oil and gas workers keen to enter the industry in Malaysia with globally recognized qualifications and training.
Saipem and Dangote Form JV to Tap Central/West African Market
Thursday, April 02, 2015 Saipem and Dangote establish the Saipem Dangote E&C joint venture to tap engineering and construction projects in Nigeria and Central/West Africa.
Otto Marine Appoints Michael See as CEO, Replacing Garrick James Stanley
Thursday, April 02, 2015 Otto Marine appoints Michael See as CEO, replacing Garrick James Stanley who has been appointed president of the firm's shipping and chartering segment.
Petrobras Inks $3.5B Facility Agreement with China Development Bank
Thursday, April 02, 2015 Petrobras inks a $3.5 billion facility agreement with China Development Bank as both companies develop their strategic partnership.
Samson Exploring Strategic Alternatives Due to Low Oil Prices, Debt
Wednesday, April 01, 2015 Samson Resources is exploring strategic alternatives as the company struggles with high debt.
Petrobras Sells its Austral Basin Assets in Argentina to CGC for $101M
Wednesday, April 01, 2015 Petrobras disposes of its assets in the Austral Basin, Santa Cruz province, Argentina to Compania General de Combustibles for $101 million.
Frank's International Plans to Cut 400-600 Jobs
Wednesday, April 01, 2015 Frank's Intl. plans a workforce reduction of 400-600 employees.
Northern Offshore Delays Delivery of 2 Jackups Now Being Built in China
Wednesday, April 01, 2015 Northern Offshore negotiates a nine-month delay in deliveries of its newbuild jackups Energy Engager and Energy Encounter.
Dutch Offshore Supply Firms Expect 'Difficult' 2015
Wednesday, April 01, 2015 Netherlands-based suppliers to the offshore oil and gas industry are starting to feel the effect of a downturn in the sector caused by the lower oil price.
Neptune Marine Services Bags Rig Move Contract for Apache Off Australia
Wednesday, April 01, 2015 Neptune Marine Services bags a rig position and mooring services contract for Apache Energy in Australia.
Warburg Invests in E&P Start-Up
Tuesday, March 31, 2015 Global private equity firm Warburg Pincus offers a Houston-based E&P company a line-of-equity investment of up to $500 million.

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