Industry Headlines

GMB Members Accept Latest OCA Proposals
Tuesday, August 04, 2015 GMB union members vote to accept the latest proposals by the Offshore Contractors' Association over changes to conditions for offshore workers in the North Sea.
UN Monitors Accuse British Oil Firm Of 'Payoffs' To Somali Officials
Tuesday, August 04, 2015 UN sanctions experts accuse UK firm Soma Oil and Gas of making large payments to Somalia's oil ministry, creating a "serious conflict of interest".
Mexico Cuts Corporate Guarantee For Next Phase Of Oil Auction
Tuesday, August 04, 2015 Mexico's oil regulator votes to modify bidding rules for the second phase of the country's so-called Round One auction.
Mexico Pipeline Boom Fueled by Texas Drillers Moving Natural Gas
Tuesday, August 04, 2015 The surge in gas-pipeline construction is attracting foreign capital, expanding the market for US gas producers and meeting growing demand from Mexican manufacturers and power plants.
Industry Counts on FLNG to Beat the Odds and Live Up to Promise
Tuesday, August 04, 2015 Weak liquefied natural gas (LNG) prices could dampen relatively brisk activities in the floating LNG sector, currently a bright spark in the oil and gas industry.
Oil Climbs From Multi-Month Lows After China Equity Gains
Tuesday, August 04, 2015 Global crude prices advance from multi-month lows, helped by a stock market rally in No. 2 oil consumer China.
Kemp: Caught In The Cross-Fire - Non-OPEC, Non-Shale Producers
Monday, August 03, 2015 The biggest losers from the current price war between OPEC and the shale producers seem set to be producers outside the Middle East and North America caught in the cross-fire.



Octanex Seeks Retention Lease for Ascalon Gas Find Off Western Australia
Tuesday, August 04, 2015 Octanex moves to obtain a retention lease for the Ascalon gas discovery in permit WA-407-P in Southern Bonaparte Basin, offshore Western Australia.
Oil Industry Slams Terms of Brazil's Planned Block Auction
Tuesday, August 04, 2015 Terms for Brazil's 13th Oil Round, in which the government hopes to sell rights to 266 exploratory blocks in early October, "are the worst ever", IBP that represents potential investors says.
Circle Oil to Plug and Abandon NFA-1 Well Onshore Morocco
Monday, August 03, 2015 Circle Oil will plug and abandon the NFA-1 exploration well, which is located on the Lalla Mimouna permit onshore Morocco.
Russia Resubmits Claim For Energy-Rich Arctic Shelf
Tuesday, August 04, 2015 Russia announces it resubmit a claim to the UN, a drive to secure more of the mineral-rich region where other countries have rival territorial interests.
Polarcus Wins 3D Seismic Project
Monday, August 03, 2015 Polarcus wins a 3D marine seismic project that will use its RightBAND technology, but the client and location remain secret.
BP To Relinquish Three Offshore Blocks In Uruguay
Monday, August 03, 2015 BP halts its deepwater exploration activities off Uruguay as it prioritizes lower-risk projects at a time of low international prices, an official at Ancap says.



Atlantic Petroleum more than Doubles Production in July 2015
Tuesday, August 04, 2015 Atlantic Petroleum's production figures more than double during July 2015, compared to the same period last year.
Explosion Hits Shah Deniz Gas Pipeline in Northeast Turkey
Tuesday, August 04, 2015 An explosion hits a pipeline carrying natural gas from Azerbaijan's Shah Deniz field through Turkey, but a Turkish energy official says there is no impact on supply due to scheduled maintenance.
Peregrino Field Offshore Brazil Produces 100 Million Barrels of Oil
Tuesday, August 04, 2015 Statoil announces that the Peregrino field in the Campos basin offshore Brazil has produced 100 million barrels of oil, since April 2011.
InterOil to Drill Antelope 4 Sidetrack Well in PNG's PRL 15 Soon
Tuesday, August 04, 2015 Oil Search reveals that InterOil will be drilling the Antelope 4 well in Petroleum Retention License 15 in Papua New Guinea soon.
BW to Provide FSRU to EGAS for Deployment to Ain Sokhna, Egypt
Tuesday, August 04, 2015 BW secures contract to provide a floating storage regasification unit to the Egyptian Natural Gas Holding Company in Ain Sokhna, Egypt.
Total Takes Over as Operator of PRL 15 in Papua New Guinea's Gulf Province
Monday, August 03, 2015 Total takes over as operator of Petroleum Retention License 15 in the Gulf Province of Papua New Guinea.


Finance and Investing

Diamond Offshore Drilling Revenues Drop, Net Income Rises
Monday, August 03, 2015 Diamond Offshore Drilling announces a $58 million revenue loss and slight net income increase in the second quarter of 2015, compared to the same period last year.
Atlantic Petroleum Seeks Buyers
Monday, August 03, 2015 Atlantic Petroleum's management team has been authorized to put the company up for sale.
Canadian Oil Sands Producer Athabasca Oil Cuts Capex
Friday, July 31, 2015 Canada's Athabasca Oil, which processes oil sands to produce crude, says it would cut its capital expenditure by nearly 5 percent as oil prices stay low.
TGS: $65 Million Revenue Loss in 2Q 2015
Thursday, July 30, 2015 TGS reveals a net revenue loss of $65 million in the second quarter of 2015, compared to the same period last year.
Technip Swings to Loss As Oil Industry Downturn Lasts
Thursday, July 30, 2015 Technip swings to a loss in the second quarter after Europe's biggest oil-services provider took a writedown amid an industry downturn it expects to last for longer than anticipated.
Samsung Heavy Reports Quarterly Operating Loss of $1.3B
Wednesday, July 29, 2015 Samsung Heavy Industries Co., South Korea?s third-largest shipbuilder, reports an operating loss of $1.3 billion in the second quarter, far worse than analysts were expecting.


Company Operations

Swiber Secures Letter of Intent for $80M Pipeline Project in Latin America
Tuesday, August 04, 2015 Swiber secures letter of intent from "global energy company" to carry out an $80 million pipeline project in Latin America.
Malaysia's SapuraKencana Forms JV to Undertake Oil, Gas Projects in Brunei
Tuesday, August 04, 2015 Malaysia's SapuraKencana Petroleum forms joint venture in Brunei to undertake oil and gas projects in the country.
Gazprom in Talks with Engie on Participation in Expanded Nord Stream
Tuesday, August 04, 2015 Gazprom is in talks with Engie on participating in an expanded Nord Stream pipeline to carry gas from Russia to Germany under the Baltic Sea.
PetroChina Wins Dismissal of Securities Lawsuit in US
Tuesday, August 04, 2015 PetroChina wins dismissal of a securities-fraud lawsuit by investors who accused the company of failing to disclose corruption that exposed it to government investigations and penalties.
New Rigzone Report to Improve Strategic Planning for Managing Offshore Rigs
Tuesday, August 04, 2015 Rigzone announces the release of RigOutlook, a forecasting report for the oil and gas industry that provides the most current, relevant and comprehensive offshore rig data available globally.
Origin Energy to Sell 53.09% Stake in NZ's Contact Energy for $1.18B
Tuesday, August 04, 2015 Australia's Origin Energy agrees to sell its entire 53.09 percent interest in New Zealand's Contact Energy for $1.18 billion, with the proceeds to be used to reduce cost and debt.



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