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Friday, April 24, 2015 - Cybersecurity is increasingly being thought of as a safety issue for oil and gas industry industrial plants, Honeywell officials tell Rigzone.
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Industry Headlines

Union: Four Petrobras Platforms Halt Output Due To Oil Leak
Friday, April 24, 2015 Four Petrobras oil platforms off the northeast coast of Brazil halt production after a leak was detected coming from a pipeline linking them.
Drone Alone: Unmanned Aircraft in Oil, Gas Inspection
Friday, April 24, 2015 Rigzone looks at how drones are being used to replace human beings for upstream oil and gas inspection work.
CNOOC Posts 40% Slide In 1Q Revenue As Oil Prices Plunge
Friday, April 24, 2015 China's top offshore oil producer CNOOC posts a 40% fall in 1Q revenue.
TransCanada Seeks US Permit On Upland Line As Keystone Waits
Friday, April 24, 2015 TransCanada is asking the Obama administration to approve another pipeline, one that would take American crude oil into Canada.
Cybersecurity A Growing Safety Issue for Oil, Gas Industrial Plants
Friday, April 24, 2015 Cybersecurity is increasingly being thought of as a safety issue for oil and gas industry industrial plants, Honeywell officials tell Rigzone.
Brent At 4-1/2 Month High; US Crude Up For Sixth Week
Friday, April 24, 2015 Oil prices diverge, with Brent hitting 4-1/2-month highs on continued fighting in Yemen.

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Exploration

Cooper Energy Spuds Callawonga-10 Well in Cooper Basin in South Australia
Monday, April 27, 2015 Cooper Energy spuds Callawonga-10 in a three-well drilling campaign in PPL 220 and PRL 98 on the western flank of the Cooper Basin, South Australia.
Sound Oil Begins Drilling Second Nervesa Well
Friday, April 24, 2015 Onshore Italy-focused Sound Oil begins the drilling of a second well on its Nervesa gas field.
KrisEnergy Starts Drilling Rayrai-1 in the Gulf of Thailand
Friday, April 24, 2015 KrisEnergy begins drilling the Rayrai-1 exploration well on block G10/48 in the Gulf of Thailand.
Falkland Oil Drillers Suspend Work After Technical Problem
Friday, April 24, 2015 Oil explorers drilling in the waters surrounding the Falkland Islands have suspended work on the first well of their 2015 drilling campaign after a technical problem, two of the companies involved say.
TGS's Revenues Fall Due to Decline in Seismic Data Services
Thursday, April 23, 2015 TGS-Nopec reports a fall in first quarter revenues, reflecting a deterioration in demand for seismic data as energy companies reduce exploration spending.
IPB Petroleum to Vary Work Program for Permit WA-424-P in Browse Basin
Thursday, April 23, 2015 IPB Petroleum gets official approval to vary work program for permit WA-424-P in Browse Basin off north west Australia.
Lundin Says 1Q Profitability Affected by Exploration Costs, FX Losses
Wednesday, April 22, 2015 Sweden's Lundin Petroleum says its profitability for the first quarter of 2014 will be adversely affected by exploration costs and a foreign currency exchange loss.
Key Petroleum Progresses Drilling Preparations for Dunnart-2 Well in WA
Wednesday, April 22, 2015 Key Petroleum progresses drilling preparations for the Dunnart-2 exploration well in permit EP437 in Perth Basin, Western Australia.

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Production

Inpex Acquires 5% Participating Interest in ADCO Concession in Abu Dhabi
Monday, April 27, 2015 Inpex acquires a 5 percent participating interest in ADCO's onshore concession in Abu Dhabi, United Arab Emirates.
Oil Flows from Bunian-3ST2 Well in Sumatra's Sukananti SKO During Test
Monday, April 27, 2015 Cooper Energy successfully flows oil during production test at Bunian-3ST2 development well in Sukananti SKO in South Sumatra, Indonesia.
Southern Cooper Basin Gas Project a Step Nearer to Commercialization
Monday, April 27, 2015 Strike Energy says the Southern Cooper Basin Gas Project in PEL 96 in South Australia moves nearer to commercialization.
First Oil Flows at CNOOC's Kenli 10-1 Field in China's Bohai Bay
Monday, April 27, 2015 CNOOC commences oil production from the Kenli 10-1 field in China's Bohai Bay.
Sources: Iraq Tells Partners to Lift Basra Heavy Crude from May
Friday, April 24, 2015 Iraq's State Oil Marketing Organisation tells its oil firm partners to start loading Basra heavy crude from May instead of its flagship light grade.
Australian Court Allows Metgasco to Resume Coal Seam Gas Drilling
Friday, April 24, 2015 Australia's Metgasco wins a court ruling that allows it to resume coal-seam gas drilling.
Russia's Sole Offshore Arctic Field To Double Oil Output In 2015
Friday, April 24, 2015 Gazprom Neft plans to more than double oil output this year at the Prirazlomnoye field, Russia's sole Arctic offshore oil project.
Cosco Dalian Bags MODEC's $95M FPSO Conversion Contract
Thursday, April 23, 2015 China's Cosco Dalian bags MODEC's $95 million floating production, storage and offloading conversion contract.
Iraq's 2015 Oil Output Seen Flat, Next Year A Challenge
Wednesday, April 22, 2015 A boost in Iraq's crude production next year will prove to be even more challenging if oil prices remain low and Baghdad fails to repay companies or approve field development plans.

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Finance and Investing

Argentina's YPF Sells $1.5B Of Bonds, Tripling Sale
Thursday, April 23, 2015 YPF says it sold $1.5 billion of new 10-year bonds at 8.5%, raising its planned issuance from $500 million on the back of strong demand.
Petrobras Takes $17B Charge In Wake Of Scandal, Promises 'Normality'
Thursday, April 23, 2015 Petrobras reports its biggest-ever loss, the result of a $16.8 billion write-down in the wake of a massive corruption scandal.
Sources: Argentina's YPF Wants To Issue New 10-Yr Bond
Wednesday, April 22, 2015 YPF wants to issue a new 10-year bond which it could price close to 8.75%, banking sources told Thomson Reuters publication IFR, a day after a sovereign bond auction met with strong demand.
BG to Alter Financial Reporting to Reflect Brazil, Australia Growth
Tuesday, April 21, 2015 Gas producer BG Group plans to adjust its financial reporting to better reflect the growing importance of its Brazilian and Australian operations.
UAE's TAQA Slashes Capex Plans, Dividend, After Big 4Q Loss
Wednesday, April 01, 2015 Abu Dhabi National Energy Co (TAQA) says it would slash its capital expenditure plans and costs after posting big losses in the fourth quarter on lower oil prices.
Total Seeks Arbitration Over Uganda Tax Dispute
Tuesday, March 31, 2015 Total is seeking international arbitration over a tax disagreement with Uganda which could further delay crude oil production in the east African country.

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Company Operations

Malaysia's FVSB Bags PETRONAS' Contract for PFLNG1 Facility
Monday, April 27, 2015 Malaysia's FPSO Ventures bags a marine operations and maintenance services deal from PETRONAS for the latter's first floating liquefied natural gas facility.
Creditor Applies to Singapore High Court to Wind Up Otto Marine
Monday, April 27, 2015 Otto Marine faces an application by its creditor to wind up the Singapore-based offshore marine group that specializes in the subsea and deepsea segment.
Singapore's EMS Energy, Koastal to Merge in $112.6M Deal
Monday, April 27, 2015 EMS Energy to merge with Koastal Group in a $112.6 million deal to set up an integrated offshore and marine services provider in Singapore.
Baker Hughes: US Oil Rig Count Decline Quickened This Week
Friday, April 24, 2015 The fall in US rigs drilling for oil quickened a bit this week suggesting a recent slowdown in the drilling decline was temporary.
Ithaca Agrees to Sell Norwegian Business to Hungary's MOL
Friday, April 24, 2015 North Sea-focused Ithaca Energy agrees to sell its Norwegian business to Hungary's MOL for $60 million.
Enterprise Products Wins Verdict against Energy Transfer Partners
Friday, April 24, 2015 A Houston district court jury finds Energy Transfer Partners breached its contract with competitor Enterprise Products Partners LP.
Chesapeake Reaches $25M Michigan Settlement Over Leasing Charges
Friday, April 24, 2015 Chesapeake will create a $25 million compensation fund as part of a settlement of antitrust, fraud and racketeering charges brought by the state of Michigan.
Norway's Giant Sverdrup Oil Field Could Face Delay, Cost Overrun
Friday, April 24, 2015 The start of Norway's 2.3 billion barrel Johan Sverdrup oil field may be delayed and costs could exceed forecasts but the project could break even at about half of the current oil price, authorities say.
Pink Petro's CEO Mehnert Bags Vanguard Award
Friday, April 24, 2015 Pink Petro CEO and Founder Katie Mehnert received the Vanguard Award in recognition of Mehnert's commitment to developing a pipeline of talent in STEM careers at the luncheon.
Betting on Oil Price Recovery, Statoil Snips Where Rivals Slash
Thursday, April 23, 2015 Statoil cuts investments less than any other oil major this year, positioning for a crude price recovery.

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