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Industry Headlines

RPT-Egypt's Zohr Gas Re-Writes Israel's Happy Ending
Monday, August 31, 2015 Egypt's historic gas discovery threatens to sink Israel's fledgling gas export bonanza, which was counting on deals with Cairo to get it off the ground.
API Calls Ozone Rule Review Rushed, Potentially Costly
Monday, August 31, 2015 API says that the Obama administration?s truncated review of EPA?s proposed ozone standards could be costly, calling for Obama to let the existing standard work.
Canadian Oil Sands Halts Syncrude Production After Fire, Prices Spike
Monday, August 31, 2015 Canadian Oil Sands Ltd halts crude oil production after a fire damaged equipment at its processing facility in northern Alberta.
Global Stocks Head for Worst Month Since 2012 on China Woes
Monday, August 31, 2015 Global stocks poise for the worst month in more than three years on fresh concern China?s efforts to prop up its markets will fail.
Car Bomb Damages Italy's ENI Joint Venture in Libyan Capital
Monday, August 31, 2015 A car bomb goes off in Libya's capital Tripoli in front of the headquarters of Mellitah, an oil and gas JV between Italy's ENI and Libyan state oil firm NOC.
Pemex Investors Face Crude Reality With Credit Downgrade Threat
Monday, August 31, 2015 A year after Mexico gives oil giant Pemex financial independence to compete with global peers, things aren?t looking good for the state-owned driller.
Saudi Stocks Cap Worst Month in Seven Years as Oil Resumes Slide
Monday, August 31, 2015 Saudi Arabian stocks fall in the worst month in almost seven years after Brent crude resumes its decline.
Hedge Funds Boost Bullish Oil Bets and Gain From Late-Week Rally
Monday, August 31, 2015 Hedge funds couldn?t time increase in bullish oil positions better, just before improving prospects for U.S. growth sent crude on its biggest two-day rally in six years.
Kremlin: Putin, Venezuela's Maduro to Discuss Oil Price Stabilisation
Monday, August 31, 2015 Russian President Vladimir Putin and his Venezuelan counterpart Nicolas Maduro discuss ways to stabilize global oil prices during a visit to China.
APPEA Says WA Labor's Call for Moratorium on Fracking Jeopardizes Jobs
Monday, August 31, 2015 APPEA says the Western Australian Labor Party is jeopardizing jobs and investments in the state's oil and gas industry by calling for a moratorium on hydraulic fracturing.
Fire at Saudi Oil Workers' Compound Kills 10, Many Injured
Monday, August 31, 2015 Fire swept through an oil workers' residential compound in Saudi Arabia on Sunday, killing 10 people, the Civil Defence agency says.

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Exploration

Swala Gets Extension to its Kilosa-Kilombero, Pangani Licenses in Tanzania
Monday, August 31, 2015 Swala Energy obtains extension to its Kilosa-Kilombero and Pangani licenses in Tanzania.
PTTEP Sells 20% Stakes in 2 Blocks in Myanmar to MOECO, Palang Sophon
Monday, August 31, 2015 Thailand's PTTEP sells 20 percent interest in two onshore blocks in Myanmar to Japan's MOECO and Thai-based Palang Sophon Offshore.
Eni Makes Massive Gas Discovery at Shorouk Block, Offshore Egypt
Monday, August 31, 2015 Eni makes a massive gas discovery at Zohr 1X NFX well in the Shorouk Block, offshore Egypt.
UIL Energy to Acquire Perth Basin 2D Seismic
Friday, August 28, 2015 UIL Energy plans to acquire up to 164 miles of 2D seismic data across three central Perth Basin permits.
IOG Gets 3-Month Skipper License Extension
Friday, August 28, 2015 Independent Oil and Gas is granted a three month extension for the Skipper license, located in the North Sea, by the Oil and Gas Authority.
Buru Energy Hits Oil at Praslin 1 Well
Friday, August 28, 2015 Buru Energy Limited encounters oil at the Praslin 1 exploration well, located in Western Australia.

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Production

Go-Ahead Given for Biggest UK Field Found in a Decade
Monday, August 31, 2015 Maersk Oil says that the UK's biggest hydrocarbon discovery for a decade has been approved for development, and will support an estimated 6,000 UK jobs.
Cooper Energy Prepares to Conduct Flow Test at Bunian-4 Well in Sumatra
Monday, August 31, 2015 Cooper Energy prepares to conduct flow test the Bunian-4 well in the Tangai-Sukananti KSO in South Sumatra, Indonesia.
Denmark Expects to Maintain Present Oil and Gas Production
Friday, August 28, 2015 Denmark expects to maintain its current production of oil and gas for the next two and a half years, according to new estimates from the Danish Energy Agency.
Iran to Offer South Pars Oil Project at London Conference
Thursday, August 27, 2015 Iran will offer a project to extract oil from its South Pars gas field at a conference in London later this year, according to an Iranian official.
KRG Allocates $75-$100M as Payment for IOCs
Thursday, August 27, 2015 The Kurdistan Regional Council for Oil & Gas Affairs approves the allocation of $75-$100 million of the revenue from the KRG's direct crude oil sales as payment for exporting international oil companies.
WA Supreme Court Sets Aside NGPH's Statutory Demand for Tap Oil Payment
Thursday, August 27, 2015 Western Australia's Supreme Court sets aside a statutory demand from Northern Gulf Petroleum Holdings for Tap Oil to make payment relating to the G1/48 concession in the Gulf of Thailand.

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Finance and Investing

Halliburton Believers Stand to Win Big Betting on Deal: Real M&A
Friday, August 28, 2015 Traders willing to bet the biggest oil- services deal can survive regulatory scrutiny stand to rake in more than $3 billion in profit.
India To Raise $1.4B From Top Oil Refiner Stake Sale
Monday, August 24, 2015 India will raise about 93.79 billion rupees ($1.4 billion) from selling a stake in state-run refiner and fuel retailer Indian Oil Corp, the government says.
Australia's Santos Posts 82% Fall in 1H 2015 Net Profit to $27M
Friday, August 21, 2015 Santos's first half 2015 net profit fell 82 percent to $27 million, with the decline attributed to lower oil prices and higher exploration expense.
Indonesia's Pertamina Says To Only Need Fraction Of Planned Debt Financing
Tuesday, August 18, 2015 Pertamina slashes the amount it plans to raise through long-term debt financing this year after the government paid back some fuel-subsidy money it owed the state energy company.
Australia's Santos Denies Plans to Launch Equity Raising
Monday, August 17, 2015 Santos denies plans to launch an equity raising, adding that it retains ample liquidity.
Sources: UAE's TAQA Close to Signing $3.1B Loan
Wednesday, August 12, 2015 TAQA is close to completing a $3.1-billion five-year loan that will be used to consolidate existing debts into a new, lower-cost facility.

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Company Operations

Primeline, Loyz Extend Deadline to Reach Agreement on Merger
Monday, August 31, 2015 Primeline Energy and Loyz Energy extend deadline to reach agreement for a merger between the two companies.
Keppel O&M to Acquire Cameron's Offshore Rig Business for $100M
Monday, August 31, 2015 Keppel Offshore & Marine to acquire Cameron's offshore rig business, comprising the LETOURNEAU jackup designs, rig kit business and aftermarket services for $100 million.
Maurel & Prom Eyes Further Merger After MPI Deal To Cope With Low Oil Price
Friday, August 28, 2015 Maurel & Prom says it was reabsorbing its former Nigerian unit MPI as a first step towards tripling in size to cope with the impact of a plunge in the oil price.
Russian Oil Firms Raise Profits And Output, Spurred By Rouble Weakness
Friday, August 28, 2015 Russian oil firms are increasing their rouble profits and raising production as a weak currency protects their business, which has turned into one of the world's most profitable.
Lukoil's 2Q Profit Falls
Friday, August 28, 2015 Lukoil's net income of $1.01 billion in the second quarter of 2015 marked a decrease of over 50% compared to the $2.40 billion figure recorded in 2Q 2014.
Icahn Takes Stake in Rout-Beleaguered Freeport-McMoRan
Friday, August 28, 2015 The billions in cutbacks that Freeport-McMoRan has taken in its battle against plunging commodity prices may not be enough for one of its newest shareholders, billionaire activist investor Carl Icahn.

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Brent Crude Oil : $50.05/BBL 5.23%
Light Crude Oil : $45.22/BBL 6.25%
Natural Gas : $2.72/MMBtu 3.42%
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