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Industry Headlines

Ideal Employer Survey: Africa Values Safety the Most
Monday, January 16, 2017 Out of all the continents featured in Rigzone's Ideal Employer Survey, respondents from Africa valued safety the most.
Aker BP Positioned for Further Growth
Monday, January 16, 2017 Independent exploration and production company Aker BP ASA is positioned for further growth, according to the firm's CEO, Karl Johnny Hersvik.
Iran Oil Minister Certain That Oil Prices Will Rise
Monday, January 16, 2017 Iran's oil minister said that he was confident the OPEC and non-OPEC members would commit to the output cut deal agreed in November, noting that prices of oil would rise further as a result.
Venezuela Will Circulate New Proposal To Support Oil Prices Next Week
Monday, January 16, 2017 Venezuela will next week circulate a new proposal to crude producers in a bid to support oil prices, President Nicolas Maduro said, without providing details.
Report: CHC to Shut Down Bergen Base, Shed 100 Jobs
Friday, January 13, 2017 Offshore helicopter operator CHC will shut down its base in Bergen, Norway, and shed around 100 employees, according to a report from local newspaper Bergens Tidende.
Anadarko Sells Out of Upstream Eagle Ford in $2.3B Deal
Friday, January 13, 2017 Sanchez Energy and Blackstone Group buy Anadarko Petroleum's remaining Eagle Ford acreage, bringing Anadarko's divestitures to more than $7 billion since early 2016.

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Exploration

Hurricane Spuds North Sea Halifax Well
Monday, January 16, 2017 UK-based oil and gas company Hurricane Energy plc announces the spudding of well 205/23-A (aka the Halifax well) in the North Sea.
ExxonMobil Strikes More Oil Offshore Guyana
Thursday, January 12, 2017 ExxonMobil makes a new oil discovery and finds additional resources for its Liza field offshore Guyana.
Faroe: Bone Exploration Well in Barents Sea Spud
Thursday, January 12, 2017 Independent oil and gas firm Faroe Petroleum announces the commencement of the Bone exploration well 7318/12-1, which is located in the western part of the Norwegian Barents Sea.
Hess To Spend More On Exploration And Production This Year
Thursday, January 12, 2017 Hess budgets $2.25 billion for exploration and production this year, higher than the $1.9 billion it spent in 2016.
Parsley Energy Expands In Permian With $607MM Acquisitions
Tuesday, January 10, 2017 Parsley Energy says it will buy acreage in the Permian Basin for about $607 million.
DNO Makes Oil Find in Kurdistan Region of Iraq
Monday, January 09, 2017 Oil has been discovered in the Cretaceous horizon in the southern flank of the Peshkabir field.

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Production

Saudi Pledges Adherence to Oil Cut, Confident Others Will
Monday, January 16, 2017 Saudi Arabia will adhere strictly to its commitment to cut output, its energy minister says.
Inpex, ADNOC Agree to Extend Offshore Abu Dhabi Joint Development Project
Monday, January 16, 2017 Inpex Corporation agrees with the Abu Dhabi National Oil Company (ADNOC) to extend the duration of the joint development of the Satah and Umm Al Dalkh oil fields offshore Abu Dhabi in the United Arab Emirates.
Russian Oil Output Averaged 11.1 MM Bpd From Jan. 1-15
Monday, January 16, 2017 Russian oil and gas condensate production averaged 11.1 million barrels per day (bpd) from Jan. 1-15.
Despite Saudi Signals, OPEC Unlikely To Deliver All Promised Oil Cuts
Friday, January 13, 2017 OPEC is unlikely to deliver fully on its target to cut production despite Saudi Arabia saying it had trimmed more than it had committed to, OPEC delegates say.
Petrovietnam, Exxon Mobil Sign Deal On Gas Generation
Friday, January 13, 2017 PetroVietnam signs an agreement with the Vietnamese unit of U.S. Exxon Mobil Corp to develop the country's biggest gas project for power generation.
CNOOC Starts Penglai 19-9 Output
Friday, January 13, 2017 CNOOC Limited reveals that Penglai 19-9 comprehensive adjustment project, located in the Bohai Sea, has commenced production.

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Finance and Investing

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.
IMF Slashes Saudi Arabia Growth Forecast on Lower Oil Output
Monday, January 16, 2017 The IMF cuts its growth outlook for Saudi Arabia on lower oil production, underscoring the challenges facing the kingdom as it seeks to overhaul its economy.
Kemp: Oil Prices Stall as Hedge Funds Stop Adding to Longs
Monday, January 16, 2017 Hedge fund bullishness toward the price of crude oil appears to have peaked for the time being, with fund managers booking some profits after the strong rally in the final seven weeks of 2016.
Russia's Lukoil CEO, His Deputy Sell Shares Worth $16.4 MM
Friday, January 13, 2017 Lukoil's CEO Vagit Alekperov and his deputy Leonid Fedun sell Lukoil shares worth $16.375 million in total.
Oil Currencies Uncoupled From Crude Swings Likely to Renew Link
Friday, January 13, 2017 Some breakups just aren't meant to last. That's what currency strategists are saying about the split between the price of oil and money.

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Company Operations

UK Export Agency Signs First Loan Deal In Africa For Ghana Energy Project
Monday, January 16, 2017 Britain's credit export agency, UK Export Finance (UKEF), signs its first direct loan deal in Africa, providing $310 million to GE Oil & Gas to supply equipment for an oil and gas project in Ghana.
ADNOC Shuts Half Capacity At Ruwais Refinery After Fire
Monday, January 16, 2017 Abu Dhabi National Oil Company (ADNOC) has shut half the capacity at its 800,000 barrels-per-day Ruwais refinery after a fire there last week.
UK Government Urged to Block Ship-to-Ship Oil Transfers in Moray Firth
Monday, January 16, 2017 Scottish National Party MSP for Caithness, Sutherland and Ross, Gail Ross, has called on the UK government's Maritime and Coastguard Agency to block proposals for ship-to-ship oil transfers in the Moray Firth.
GE to Transform Transocean Rigs for Condition-Based Maintenance
Friday, January 13, 2017 Through a new service agreement, GE will digitally upgrade seven Transocean rigs for conditional-based monitoring and maintenance.
Jesse Norman to Take on Full Energy Brief at UK Energy Department
Friday, January 13, 2017 UK MP Jesse Norman has confirmed through social media site Twitter that he will take on the full energy brief at the UK Department for Business, Energy & Industrial Strategy.
Fugro Nets 5-Year Services Contract with INPEX
Friday, January 13, 2017 Oilfield services company Fugro has been awarded a 5-year contract from INPEX Operations Australia Pty Ltd for subsea services to be executed across the Ichthys facilities in the Timor Sea.

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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.
BLOG: Must Rick Perry Resign Seat at Energy Transfer Partners' Table?
Friday, December 16, 2016 President-elect Donald Trump has picked former Texas Gov. Rick Perry to lead the Department of Energy, but observers say Perry has conflicts of interest to address first.
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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