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Monday, November 24, 2014 - Ghana's government gives Italy's energy firm Eni the final green light to develop gas resources in the Offshore Cape Three Points block.
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Industry Headlines

Russia May Suggest Oil Output Cuts, Eyes State Oil Reserve Creation
Monday, November 24, 2014 Russia, in desperate need of higher oil prices, is making a last-ditch attempt to sway this week's OPEC meeting by suggesting Moscow could cut output if the group does the same.
China Corruption Watchdog Launches Inspections, Eyes Sinopec
Monday, November 24, 2014 China's corruption watchdog has launched a series of inspections into state-owned enterprises and government bodies including Sinopec, state media says.
Kemp: Oil in Arcadia
Monday, November 24, 2014 Analyst John Kemp discusses the portrayal of North Dakota in a recent publication in which the article "tells only part of the story".
Pennsylvania Benefits from Oil, Gas Extraction in the State
Friday, November 21, 2014 Oil and gas drilling in Pennsylvania is creating thousands of new jobs and providing funds to the state for infrastructure improvements.
Brazil's Rousseff Struggling to Limit Petrobras Scandal's Damage
Friday, November 21, 2014 President Dilma Rousseff expects a bribery scandal at state-run oil company Petrobras to deteriorate in coming months, aides say, with arrests possible for some political allies and potentially serious damage to an economy that is already struggling.
Report: Bird Needs 3-Mile Buffer From Drilling
Friday, November 21, 2014 A government study with significant implications for the U.S. energy industry says the breeding grounds of a struggling bird species need a 3-mile or larger buffer from oil and gas drilling, wind farms and solar projects.
Oil Up First Time in 8 Weeks on China Rate Cut, OPEC Expectations
Friday, November 21, 2014 Oil prices rise for their first weekly gain in two months with benchmark Brent crude returning to above $80 a barrel after a rally triggered by China's interest rate cut and speculation of an OPEC output cut.

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Exploration

Maersk Gets Extension from Hess for Resolute Rig
Monday, November 24, 2014 Denmark's Maersk Drilling receives an estimated $75-million extension to its contract with Hess Corporation for the Maersk Resolute rig.
Petrobras Says 2nd Libra Well Confirms Good Quality Oil
Monday, November 24, 2014 Petrobras completes drilling of the first extension well in the massive Libra field off the coast of Rio de Janeiro, confirming good quality oil, according to a filing.
Petronas Awards 2 Exploration Blocks in Sabah to SapuraKencana-Led JV
Friday, November 21, 2014 Petronas awards onshore Blocks SB331 and SB332 in Sabah, east Malaysia to the successful bidding consortium comprising SapuraKencana, M3nergy and Petronas Carigali.
Cue Energy Farms-in for 12.5% Stake in Mahato PSC in Sumatra
Friday, November 21, 2014 Cue Energy signs agreement with Bukit Energy to farm-in for a 12.5 percent stake in the onshore Mahato production sharing contract in central Sumatra, Indonesia.
Tethys Suspends LE-1 Exploration Well in Oman's Block 4 for Further Study
Thursday, November 20, 2014 Tethys Oil suspends LE-1 onshore exploration well in Oman's Block 4 for further study.
CNOOC Discovers Oil at Lufeng 14-4 Structure in South China Sea
Thursday, November 20, 2014 CNOOC makes a mid-sized oil discovery at Lufeng 14-4 structure in eastern South China Sea.

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Production

Ghana Gives Eni Green Light For $6B Offshore Gas Project
Monday, November 24, 2014 Ghana's government gives Italy's energy firm Eni the final green light to develop gas resources in the Offshore Cape Three Points block.
Cidade de Ilhabela FPSO Achieves First Oil at Sapinhoa Field Development
Monday, November 24, 2014 SBM Offshore says its Cidade de Ilhabela FPSO vessel is formally on hire after achieving first oil at the Sapinhoa field development offshore Brazil.
Gaza Marine Development Could Help Deliver Israeli Security
Sunday, November 23, 2014 Rigzone hears Ariel Ezrahi, an adviser to former British PM Tony Blair, explain how investing in Palestinian energy infrastructure would be good for Israel's security and its relations with the Arab world.
Exxon Mobil in Final Talks with Ivory Coast Over Two Oil Blocks
Friday, November 21, 2014 Ivory Coast is finalising production sharing agreements with oil company Exxon Mobil for two ultra-deepwater blocks in the Gulf of Guinea, a senior official with the country's energy ministry tells Reuters.
Official: Indonesia Favors Pertamina to Operate Mahakam Block After 2017
Friday, November 21, 2014 Pertamina is likely to become the operator and majority shareholder of the offshore Mahakam oil and gas block after the contract of current operator Total E&P Indonesie expires in 2017, an energy ministry official says.
SapuraKencana Acquires Petronas' Stakes in 3 Blocks off Vietnam for $400M
Friday, November 21, 2014 SapuraKencana Petroleum ventures into Vietnam with the acquisition of three offshore blocks from Petronas for $400 million.

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Finance and Investing

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.
Swiber Records 9M 2014 Net Profit of $40.1M, Down 22.8% YOY
Thursday, November 13, 2014 Swiber's net profit declines 22.8 percent to $40.1 million for the first nine months of this year, compared to $51.9 million a year ago.

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Company Operations

Ineos Hires To Expand Into North Sea Oil And Gas Production
Monday, November 24, 2014 Ineos is looking to expand into North Sea oil and gas production by hiring a number of senior and mid-level staff, according to its website.
Salamander Backs Ophir Takeover Offer
Monday, November 24, 2014 UK oil and gas explorer Ophir Energy says its $418-million takeover of Salamander Energy has been recommended by the target firm's board.
Norwegian Energy Company Replaces CEO With CFO
Monday, November 24, 2014 Norwegian Energy Company elevates Chief Financial Officer Tommy Sundt to CEO to replace Svein Arild Killingland as the firm tries to resolve production and financial difficulties.
Intan Extends Charter for 5 OSVs to Emas Offshore by 2 Years for $23M
Friday, November 21, 2014 Perisai Petroleum's unit Intan Offshore extends charter for five of its offshore support vessels to Emas Offshore by two years for around $23 million.
Sonardyne Grows Presence in Australasia, Chooses Scope Engineering as Agent
Friday, November 21, 2014 Sonardyne appoints Scope Engineering as its agent to expand business presence in Australasia.

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