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Industry Headlines

Unite: Workers 'Deeply Unhappy' About ASCO Shift Proposals
Friday, January 20, 2017 Workers employed by the oil and gas logistics company ASCO are deeply unhappy about proposals to move them on to new shifts that won't have set working hours, according to a statement from UK union Unite.
Scottish Government Reveals New Subsea Engineering Action Plan
Friday, January 20, 2017 The Scottish government reveals a new Subsea Engineering Action Plan with the aim of capturing a bigger slice of the current $61 billion (GBP 50 billion) global subsea market.
Arctic-Drilling Fever Roars Back as Republicans Target Preserve
Friday, January 20, 2017 Far above the Arctic Circle, one of the longest-running controversies in US oil drilling is about to reignite.
Statoil Tests Methane Emissions Technology in Eagle Ford
Thursday, January 19, 2017 Statoil is conducting field tests of an IoT methane emissions technology.
Report: More than Half of Houston Employers to Add Staff in 2017
Thursday, January 19, 2017 Staffing firm Murray Resources' recent survey reveals an increase in hiring plans for Houston employers, specifically in manufacturing, operations and engineering roles.
IEA: OPEC Output Cuts Under Security As Market Tightens
Thursday, January 19, 2017 World oil markets are slowly tightening as demand rises while investors wait to see if production cuts agreed by OPEC and other producers will be implemented as promised.
The Church of England Conditionally Backs Fracking
Thursday, January 19, 2017 The Church of England has conditionally backed fracking in the UK but warned that any development of shale gas reserves in the country must not distract or delay efforts to expand low-carbon renewable energy.
Oil Edges Up From One-Week Low As IEA Sees Tighter Market
Thursday, January 19, 2017 Oil prices edged higher, but swelling US crude stockpiles limited the rebound from a one-week low.

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Exploration

Lion: AMT-1 Well Abandoned After Stuck Drill Pipe Incident
Friday, January 20, 2017 Lion Energy Limited reports that the Indonesian Amanah Timur discovery well (AMT-1) has been plugged and abandoned following unsuccessful attempts to free a stuck drill pipe.
NPD Grants Lundin Permit for Appraisal Well Offshore Norway
Friday, January 20, 2017 The Norwegian Petroleum Directorate grants Lundin Norway AS a drilling permit for well 7219/12-1 A, located offshore Norway in production license 533.
CNOOC to Drill 126 Exploration Wells in 2017
Thursday, January 19, 2017 CNOOC Limited will drill 126 exploration wells and acquire approximately 5,000 square miles of 3D seismic data in 2017, according to its latest business strategy and development plan.
Statoil Granted Drilling Permit for Well 6507/3-12 Offshore Norway
Wednesday, January 18, 2017 The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for wellbore 6507/3-12, located in production license 159B, offshore Norway.
Norway Awards 56 Oil And Gas Licences In Mature Areas
Tuesday, January 17, 2017 Norway's oil ministry awarded 56 offshore exploration licences on Tuesday in a bid to lift output from acreage located near existing oil and gas fields.
Brazil May Hold Second Sub-Salt Oil Licensing Round This Year
Tuesday, January 17, 2017 Brazil may hold a second licensing round this year for new oil exploration areas in an offshore region known as the sub-salt.

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Production

Saudi Aramco To Boost Gas Production At Hawiyah, Haradh
Friday, January 20, 2017 Saudi Aramco plans to boost gas production at its Hawiyah and Haradh plants to meet growing domestic energy needs, industry sources say.
Russia's Gazprom Neft Says Launches More Wells At Arctic Oil Project
Friday, January 20, 2017 Russia's Gazprom Neft, the oil arm of gas giant Gazprom, says it has launched 2 more production wells at Prirazlomnoye offshore Arctic oil field.
China Crude Oil Throughput Hits Daily Record In December And 2016
Friday, January 20, 2017 China's December refinery production touched new highs as facilities replenished stocks ahead of a long holiday break, lifting crude oil throughout for the year as a whole by 2.8% to another record.
Lundin's Development Expenditure to Top $1B in 2017
Thursday, January 19, 2017 Lundin's development expenditure in 2017 will total $1.095 billion.
Russia Launches New Domestic Oil, Gas Pipelines
Wednesday, January 18, 2017 Russia launches a new domestic gas pipeline and 2 new oil pipelines at a ceremony attended by President Vladimir Putin.
CNOOC Commences Production from Enping 23-1, South China Sea
Wednesday, January 18, 2017 China's CNOOC Limited has commenced production from the Enping 23-1 oilfields, located in the Pearl River Mouth Basin of the South China Sea.

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Finance and Investing

Mercuria Introduces Blockchain To Oil Trade With ING, Socgen
Thursday, January 19, 2017 Trading house Mercuria is working with banks ING and Societe Generale on the first large oil trade based on blockchain technology, as the tradition-bound oil industry tests out digital technology.
Kremlin Says VTB Financing Rosneft Deal Not On Its Agenda
Tuesday, January 17, 2017 Russian state bank VTB financing the privatisation of Rosneft last year is a commercial issue which is not on the Kremlin's agenda, Kremlin spokesman Dmitry Peskov says.
Oil Prices Might Eventually Feed Into Core Inflation, ECB's Nowotny Says
Tuesday, January 17, 2017 Core inflation in the euro zone has not increased significantly but a rise in energy prices might eventually drag it upwards, European Central Bank Governing Council member Ewald Nowotny says.
Saudi Aramco Chief Promises Oil Tax Cut to Lure Investors to IPO
Tuesday, January 17, 2017 Saudi Arabia has promised it will reduce the overall tax rate paid by its national oil company to make its 2018 initial public offering.
Mexico's IEnova Will Invest $800M for Pipelines in 2017
Monday, January 16, 2017 Mexican energy infrastructure firm IEnova, a unit of US-based Sempra Energy, will invest $800 million this year on eight projects, CEO says.
EU Energy Watchdog: Serbia Should Rework Gas Deal With Gazprom
Monday, January 16, 2017 Serbia should renegotiate its long-term gas supply deal with Russia's Gazprom, a body in charge of extending the EU's energy policy says.

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Company Operations

Schlumberger Expects International Markets Recovery In Late 2017
Friday, January 20, 2017 Schlumberger NV says that it does not expect a "dramatic" short-term recovery in international markets.
Statoil Says Mistakes, Lack Of Maintenance Led To Troll, Mongstad Accidents
Friday, January 20, 2017 Accidents at Statoil's giant Troll gas field and the Mongstad refinery in October last year were caused by operational mistakes and wrong prioritisation of maintenance.
SOFF Secures Services Contract for Jangkrik Project in Indonesia
Friday, January 20, 2017 Solstad Offshore ASA (SOFF) has entered into a contract with PT. Saipem Indonesia for offshore installation work on the Jangkrik FPU.
Croatia Steps Up Plans For Buyout Of Oil Group INA
Thursday, January 19, 2017 The Croatian government has stepped up plans to take full control of oil group INA by setting up a special body to prepare a model for the buyout of Hungarian energy company MOL's 49% stake.
Malaysian Drilling Services Firm UMW-OG To Buy Icon Offshore
Thursday, January 19, 2017 Malaysian offshore drilling services company UMW Oil & Gas Corp Bhd (UMW-OG) says it will buy offshore support vessel provider Icon Offshore Berhad after agreeing to a share sale with its major shareholder.
Sound Energy Looks to Buy OGIF's Assets in Eastern Morocco
Thursday, January 19, 2017 Sound Energy signs a non-binding heads of agreement for the acquisition of all of Oil & Gas Investment Fund's (OGIF's) assets in Eastern Morocco.

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Policy

Take Time Selling Canada to Trump, Departing Envoy Tells Trudeau
Monday, January 16, 2017 President Barack Obama's outgoing envoy to Canada has some guidance for Prime Minister Justin Trudeau in dealing with the new Trump administration: Don't assume anything.
Saudis See No Need to Extend OPEC Deal Beyond Six Months
Monday, January 16, 2017 OPEC probably won't need to extend a deal it reached with other crude producers to cut output, says Saudi Energy Minister Khalid Al-Falih.
Argentina Clinches Deal to Attract Investment in Vaca Muerta Shale
Wednesday, January 11, 2017 Argentina clinches deal with labor unions and energy companies aimed at luring investors to the Vaca Muerta shale formation in Patagonia, the government says.
Cuba, United States Sign Oil Spill Deal Before Trump Inauguration
Monday, January 09, 2017 Cuba and the United States agreed to jointly prevent, contain and clean up oil and other toxic spills in the Gulf of Mexico.
US Senator McCain Says Has 'Concerns' About Tillerson Nomination
Thursday, December 29, 2016 US President-elect Donald Trump's choice for Secretary of State, Exxon CEO Rex Tillerson, will have to explain his relationship with Russian leader Vladimir Putin, says Republican senator John McCain.
The RZ Interview - Russia's Former Energy Boss: Dialogue Profits US, Russia
Wednesday, December 28, 2016 Igor Yusufov - Russian Energy Minister during Putin's first term - on oil production quotas, Russian caution and what retired ExxonMobil Chief Rex Tillerson can do for foreign relations.

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