Industry Headlines

Mining Jobs Decline by 10,300 in September
Friday, October 02, 2015 Jobs in oil and gas declined again for the month of September, according to the most recent US jobs report.
Baker Hughes: US Oil Drillers Cut Rigs For 5th Week
Friday, October 02, 2015 US energy firms cut 26 oil rigs in the latest week, the biggest reduction since April and the fifth straight weekly decline, data shows.
Jim Rogers Says Oil Ignoring Bad News Usually Means Rebound Near
Friday, October 02, 2015 Oil is holding near $45 while the bad news keeps coming. For investor Jim Rogers, that's usually a sign a rebound is near.
Deloitte: UK Oil, Gas Firms Not Maximizing UKCS Value
Friday, October 02, 2015 UK oil and gas firms are not maximizing the potential value from the UK Continental Shelf due to a lack of effective supply chain collaboration, according to a survey from Deloitte LLP.
Somali Government Rejects Proposed UN Moratorium on Oil Deals
Friday, October 02, 2015 Somalia opposes a moratorium on oil deals that's being discussed at the United Nations as a way of stabilizing one of the world's most fragile states, Finance Minister Mohamed Adan says.
As China Gas Boom Falters, State Giants Grapple with Wave of Imports
Friday, October 02, 2015 China's energy giants are being forced to sell a glut of the fuel to buyers in other countries as soaring demand grinds to a halt.
Naimi: Saudi Arabia To Keep Up Energy Spending Despite Oil Drop
Friday, October 02, 2015 Saudi Arabia is continuing with its investments in the oil and gas industry as well as solar energy despite the current drop in oil prices, the kingdom's oil minister was quoted saying.
Oil Drillers Bet Choking Wells Will Keep Shale From Going Bust
Friday, October 02, 2015 Encana and others envision a future with a more stable flow from wells, so that they don't always have to keep drilling simply to maintain output.



Maersk Oil Makes Minor Gas Discovery Offshore Norway
Friday, October 02, 2015 Maersk Oil Norway AS makes a minor gas/condensate discovery near the Tyrihans field in the Norwegian Sea.
Lundin Spuds Malaysia Well
Friday, October 02, 2015 Lundin Petroleum's wholly owned subsidiary Lundin Malaysia BV spuds the Mengkuang-1 exploration well in license PM307, offshore Malaysia.
Statoil Drills Dry Well in North Sea
Thursday, October 01, 2015 Wildcat well 25/11-28, located in the Statoil Petroleum AS operated production license 169, has come up dry.
Petsec Energy Completes Acquisition of 29.75% Stake in Yemen's Block 7
Thursday, October 01, 2015 Australia's Petsec Energy completes acquisition of a 29.75 percent stake in Yemen's onshore Block 7 in the Al Barqa permit from Mitsui and AWE.
Buru Expresses Disappointment with Results of WA's Praslin 1 Drilling
Thursday, October 01, 2015 Buru Energy expresses disappointment with the drilling results at Praslin 1 well in Western Australia, while providing an update on the Victory 1 prospect in permit EP457.
JV Partners Withdraw from Vietnam's Offshore Block 121
Wednesday, September 30, 2015 Joint venture partners in Vietnam's offshore Block 121 in the Phu Khanh Basin withdraw from the license following the unsuccessful drilling of the Whale prospect.



Statoil Buys Stake in Alfa Sentral Gas Field License on UKCS
Friday, October 02, 2015 Norway's Statoil pays $15 million for a 24-percent stake in the UK license that contains the Alfa Sentral gas and condensate field.
Russia Oil Output at Post-Soviet High on Foreign Projects, Rosneft
Friday, October 02, 2015 Russian oil output reached a new post-Soviet monthly high of 10.74 million barrels per day in September thanks to foreign-led projects and Rosneft, according to Russia's Energy Ministry.
Gulf Keystone Says Reserves More Than Double at Shaikan Oilfield
Thursday, October 01, 2015 Gulf Keystone says an independent report found that the reserves at a key oilfield in Iraqi Kurdistan were more than double the previous estimate.
Technip Secures ENI Umbilical Supply Contract
Thursday, October 01, 2015 Technip's subsidiaries Technip Umbilicals Ltd and Angoflex Ltda have been awarded a contract by ENI S.p.A. to supply umbilicals to the Block 15/06 East Hub Development, located offshore Angola.
Iraq's September Oil Exports Slip to 3.052M BPD
Thursday, October 01, 2015 Iraq's oil exports fell in September to an average of 3.05 million barrels per day from 3.08 million bpd the previous month.
Aker Bags Subsea Contract from Murphy for Rotan Gas Project Off Malaysia
Thursday, October 01, 2015 Aker Solutions bags contract to supply a subsea production system to Murphy Oil for the Rotan deepwater gas project offshore East Malaysia.


Finance and Investing

Kazakhstan Says May Cut Oil Taxes To Spur Investment, Lift Output
Tuesday, September 29, 2015 The government in Kazakhstan is considering cutting the mineral extraction tax (MET) for some oil fields to try to reverse falling output, a senior energy official says.
SapuraKencana Posts $28M Net Profit in 2Q FY16, Down 61% from 1Q FY16
Tuesday, September 15, 2015 SapuraKencana Petroleum's revenue rises 22.9 percent gain in the second quarter that ended July 31 to $762 million, but profit after tax falls 61.1 percent to $28 million due to provision for impairment of its oil and gas assets.
China to Lend $12B to Novatek-Led Yamal LNG
Friday, September 11, 2015 Chinese banks are expected to lend $12 billion to the Novatek-led Yamal LNG project, according to Novatek Chief Executive Leonid Mikhelson.
Petrobras Says Project Financing Unaffected by S&P Downgrade
Friday, September 11, 2015 Petrobras says its financing is sufficient to fund projects in the medium term, despite the downgrade of the company's credit rating by Standard & Poor's.
KMG EP Receives $156M Tax Bill from Kazakhstan Authorities
Wednesday, September 09, 2015 The Kazakhstan tax authority has charged KMG EP an additional $156 million, following the completion of an audit that commenced in September 2014 for the period between 2009 and 2012.
Gazprom First-Half Net up 50 Pct, Boosted by Weaker Rouble
Monday, August 31, 2015 Russia's top natural gas producer Gazprom says its net profit rose 50 percent year-on-year to 675.9 billion roubles ($10.5 billion) in the first half of 2015, thanks to increased sales and a weaker rouble.


Company Operations

Petrobras Crime Busters Fight to Keep Graft Case Spanning Brazil
Friday, October 02, 2015 Defense attorneys are trying to chip away at the judge's jurisdiction, arguing that the sprawling case that has crippled Brazil's economy and paralyzed its government should be spread across courts.
Farstad Shipping to Lay up Vessels, Reduce Staff
Friday, October 02, 2015 Farstad Shipping ASA is planning to lay up 2 platform supply vessels and 3 anchor handling tug supply vessels in Norway, which will result in approximately 100 layoffs.
Greenland Gas & Oil Appoints New Director
Friday, October 02, 2015 Greenland-focused energy company Greenland Gas & Oil Limited appoints a new non-executive director with immediate effect.
Registration Totals for SPE ATCE Exceed Expectations
Thursday, October 01, 2015 Registration totals for the 2015 SPE ATCE event exceed expectations as the oil and gas industry explores ways of surviving in a "lower for longer" price environment.
Document: Spain's Repsol to Cut Workforce by 6% in Next 3 Years
Thursday, October 01, 2015 Spain's Repsol plans to cuts its global workforce by six percent over the next three years, according to an internal document seen by Reuters.
Wintershall Completes Asset Swap with Gazprom
Thursday, October 01, 2015 BASF subsidiary Wintershall swaps assets with Russia's Gazprom so that it can focus on oil and gas exploration and production.
Primeline Suspends Planned Merger With Loyz Energy Due to Volatile Market
Thursday, October 01, 2015 China-focused Primeline Energy suspends proposed merger with Singapore's Loyz Energy due to current market volatility.



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