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Saudi Aramco IPO Unlikely To Require Rule Changes Regulator Says
Tuesday, December 06, 2016 Saudi Aramco's planned flotation is unlikely to require any major changes to Saudia Arabia's securities rules, the vice chairman of the kingdom's market regulator said.
Statoil CEO Sees Oil Market Rebalancing Sooner, Price Heading Towards $60
Tuesday, December 06, 2016 The balance between demand and supply in the oil market will shift earlier than previously expected due to OPEC's output cuts, Statoil's chief executive says.
Minister Plays Down Landowner Threats To PNG LNG Operations
Tuesday, December 06, 2016 Papua New Guinea's petroleum minister on Tuesday played down threats of disruptions to ExxonMobil's $19 billion PNG LNG project due to landowners being unable to buy a stake in the project by the end of this year.
Statoil to Stop Using H225 Super Puma Helicopter
Tuesday, December 06, 2016 Statoil will not resume using Airbus' Super Puma helicopters even if Norway's Civil Aviation Authority decides to lift the ban imposed after a fatal crash off Norway in April.
Opinion: The Truth About The OPEC Deal
Tuesday, December 06, 2016 Mahdi Kazemzadeh of Middle East-focused advisory firm Afraz Advisers gives his take on the recently agreed OPEC deal.
Survey: Collaboration is Crucial for Future Success in North Sea
Monday, December 05, 2016 Collaboration is vital for the future success of the oil and gas industry in the North Sea, according to a survey from Oil & Gas UK and Deloitte.
North Sea Jobs at Risk Without Greater Investment
Monday, December 05, 2016 More investment is needed if the oil and gas sector wants to avoid the risk of losing key workers in the North Sea, Scottish National Party MSP Gillian Martin said.
KRG Doing All It Can To Ensure IOC Payments Says Deputy Prime Minister
Monday, December 05, 2016 The Kurdistan Regional Government is doing all it can to ensure prompt payments to international oil and gas companies operating in the area, KRG Deputy Prime Minister Qubad Talabani says.
Kemp: After Two Years, Why An OPEC Deal Now?
Monday, December 05, 2016 OPEC has finally agreed to cut production, but only after two years of fruitless negotiations. So what changed?
ITEM Club: More Jobs Losses Expected in NE Scotland due to Oil Slump
Monday, December 05, 2016 EY Scottish ITEM Club forecasts that Aberdeen will see a further 4,000 jobs lost over the next three years as the consequences of the low oil price continues to be felt.
Rigzone Survey: Millennials Want Training and Growth Opportunities
Monday, December 05, 2016 Millennials value solid training programs in their ideal oil and gas employers and the industry is tweaking its recruitment efforts to meet the needs of the millennial generation.

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Exploration

Mexico Oil Auction Succeeds in Drawing World's Biggest Drillers
Tuesday, December 06, 2016 Mexico's first competitive deepwater oil auction surpasses expectations as eight of the 10 blocks are awarded to some of the world's top oil firms.
Exxon Pulls Out Of 3 Exploration Blocks In Kurdistan
Tuesday, December 06, 2016 Exxon Mobil has pulled out of half of the 6 exploration blocks it operated in the Kurdistan region, the Iraq Oil Report reported.
National Iranian Oil Co, Thailand's PTTEP Agree To Oilfield Studies
Tuesday, December 06, 2016 National Iranian Oil Company (NIOC) and PTT Exploration and Production Public Company Limited (PTTEP) sign a memorandum of understanding to carry out preliminary studies of 3 oil fields in Iran.
BP: Potential Gas Play Could Open Up New Phase of North Sea Development
Tuesday, December 06, 2016 BP has started drilling a potential carboniferous gas play in southern North Sea block 43/26a, which could open up a new phase of development in the region, according to a company statement.
OGA Launches Supplementary Exploration Round in UKCS
Tuesday, December 06, 2016 The UK's Oil & Gas Authority has launched a supplementary round to the 29th Oil and Gas Licensing Round offer, which was launched on July 27.
BHP Billiton Named as Pemex's First Deepwater Oil Partner
Monday, December 05, 2016 BHP Billiton will pay $624 million to be Petroleos Mexicanos' first private partner in producing oil and natural gas in the deep waters of the Gulf of Mexico.
Egypt Accepts Six Bids For Oil And Gas Exploration
Friday, December 02, 2016 Egypt has accepted 6 bids for oil and gas exploration worth a total investment of up to $200 million, the Ministry of Petroleum said on Friday.
Zion Granted Approval to Drill Well Onshore Israel
Friday, December 02, 2016 Zion Oil & Gas has been granted approval by the State of Israel's petroleum commissioner to drill an oil well in Israel, within its 99,000 acre license.
CGG: Final Gabon South Basin Data Sets Now Available
Thursday, December 01, 2016 French geophysical services company CGG announced Thursday that the final data sets from its recent 3D survey in the Gabon South Basin are now available.
FAR Refutes Claims that it cannot Farm Into Djiffere Block
Thursday, December 01, 2016 FAR Limited refutes claims that it cannot exercise its option to farm into the Djiffere block offshore Senegal because of a lack of funds.
Oil Firms Unlikely To Boost Norway Exploration In 2017
Wednesday, November 30, 2016 Oil companies operating on Norway's continental shelf are unlikely to increase their overall exploration activity in 2017, a key regulator of the industry said on Wednesday.

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Production

Chevron to Submit Sarta Block Development Plan Soon
Monday, December 05, 2016 Chevron will shortly submit a development plan for the Sarta block in the Kurdistan Region of Iraq, according to Ian MacDonald, the company's vice president of exploration.
Iraq's Kurdistan Sees No Major Oil Output Cuts as Part of OPEC Deal
Monday, December 05, 2016 Iraq's semi-autonomous region of Kurdistan sees no major impact on its crude oil production from OPEC's agreed cuts, according to its natural resources minister.
Sources: Saudi, Kuwait Expect to Restart Neutral Zone Oilfields Soon
Sunday, December 04, 2016 Saudi Arabia and Kuwait expect to agree soon on the resumption of oil production from their jointly-operated oilfields in the Neutral Zone.
OPEC To Meet Non-OPEC Producers On Dec. 10 In Moscow
Friday, December 02, 2016 OPEC will meet non-OPEC countries to finalise a global oil limiting pact on Dec. 10 in the Russian capital Moscow, two OPEC sources told Reuters on Friday.
Production Drilling Begins at Mariner Field in UK North Sea
Friday, December 02, 2016 Production drilling has started on the Mariner field in the UK North Sea, Statoil announced Friday.
Ahead Of Promised Cut, Russia's Oil Output Hits Record High
Friday, December 02, 2016 Russia plans to use its rercent oil production as its baseline when it cuts output under this week's deal with OPEC,Deputy Energy Minister Kirill Molodtsov says.

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Finance and Investing

Russia's Rosneft Offers $9.4B In Local Bonds And Eyes Egyptian Investment
Monday, December 05, 2016 Rosneft opened the books for a $9.4 billion bond sale to raise money for foreign projects, and said it was interested in an offshore concession in Egypt.
Australia's Origin Energy To Spin Off Oil And Gas Assets In IPO
Monday, December 05, 2016 Origin Energy will spin off its interests in conventional oil and gas fields in an initial public offering.
Private Equity Funds, Former Oil Execs Eye Southeast Asia Energy Assets
Friday, December 02, 2016 Flush with cash, private equity-backed firms and former oil industry executives are eyeing energy assets in Southeast Asia.
Gazprom In Talks With Japanese Banks About Raising $850M
Friday, December 02, 2016 Russian gas giant Gazprom is working on a deal under which Japanese banks would provide it with financing worth 800 million euros ($851.28 million), two sources familiar with the discussions told Reuters.
Russia's Lukoil Says Q3 Net Profit Down 12.5% Q-on-Q
Tuesday, November 29, 2016 Russia's No.2 oil producer Lukoil says its 3Q net profit fell 12.5% quarter-on-quarter, while its free cash flow jumped 83.4 percent to 104.5 billion roubles ($1.6 billion).
Eni Aims to Cut Stake in Zohr Field to 50 pct, Could Happen Quickly
Monday, November 28, 2016 Italian energy group Eni plans to reduce its stake in the giant Zohr gas field offshore Egypt to 50 percent, Chief Executive Claudio Descalzi said.
Silverback Exploration To Sell Oil And Gas Assets For $855M
Monday, November 28, 2016 Privately held Silverback Exploration LLC will sell oil and gas assets for $855 million to Centennial Resource Development Inc, which is backed by energy private equity fund Riverstone Holdings LLC.

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Company Operations

Wood Group, Heerema Fabrication Group Team-Up on NCS
Tuesday, December 06, 2016 Wood Group and Heerema Fabrication Group sign a Memorandum of Understanding to team-up and offer wellhead platform development services to clients on the Norwegian Continental Shelf.
Chesapeake to Sell Haynesville Asset for $450M
Monday, December 05, 2016 U.S.-based natural gas producer Chesapeake Energy Corp says it will sell a part of its acreage in the Haynesville shale area for $450 million in a private sale.
Gas Producer Santos Needs to Impress as China's ENN Eyes Strategy
Sunday, December 04, 2016 Australian gas producer Santos is expected this week to outline its strategy to pay down debt and cope with weak oil and gas prices.
Subsea 7 Secures Services Contract with Woodside Energy
Friday, December 02, 2016 Oilfield services company Subsea 7 S.A. secures a sizeable contract with Woodside Energy Ltd for the Greater Western Flank Phase 2 Project, offshore Australia.
Baker Hughes: US Oil Drilling Rig Count Recovery Extends Into 7th Month
Friday, December 02, 2016 US energy companies extended their recovery in oil drilling into a seventh month this week as they follow through on plans to add rigs as crude rose to its highest price in over a year.
Samsung Heavy Says $776.8M Order For LNG Facility Cancelled
Friday, December 02, 2016 Samsung Heavy Industries Co Ltd says a $776.8 million order for a substructure for a liquefied natural gas (LNG) floating production, storage and offloading (FPSO) unit has been cancelled.
CLNR 'Significantly' Increases Resources at License P2252
Thursday, December 01, 2016 CLNR announces a significant increase in P50 Prospective Resources on its 100% owned License P2252, from 162 billion cubic feet to 636 Bcf.

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Policy

Kemp: After Two Years, Why an OPEC Deal Now?
Monday, December 05, 2016 After an agreement to cut production what has changed to make an agreement possible now?
Trump Advisors Aim to Privatize Oil-Rich Indian Reservations
Monday, December 05, 2016 A group of advisors to President-elect Donald Trump on Native American issues wants to free oil and gas resources on reservations from "a suffocating federal bureaucracy".
Chancellor Pledges to Deliver on Oil, Gas Tax Commitments set out in March
Wednesday, November 23, 2016 UK Chancellor of the Exchequer Philip Hammond pledges to stick to the oil and gas industry tax cuts announced by his predecessor George Osborne in March.
Texas Bill Would Give Super Majority Rights to Drill Old Wells
Monday, November 21, 2016 Current Texas law requires 100% of both working and royalty interest owners to sign off on enhanced well development, giving it the highest threshold of any oil-producing state.
Obama Said to Block Selling New Drilling Rights in U.S. Arctic
Thursday, November 17, 2016 The Obama administration is set to block the sale of new oil and gas drilling rights in U.S. Arctic waters under a five-year blueprint, handing a victory to environmentalists who said the activity threatened whales, walruses and other local wildlife.
BLOG: Former Texas Gov. Rick Perry a Contender for Trump's Cabinet
Thursday, November 17, 2016 Twice a candidate in the Republican presidential primary, Rick Perry is reportedly on a short list of names to lead the Energy Department for President-elect Donald Trump.

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