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Industry Headlines

Alberta Oil Faces Tough 2015, May Rebound Next Year
Friday, May 22, 2015 Low oil prices and new leadership combine to create uncertainty in Alberta's oil and gas sector.
Total Hosts Climate Talks with Big Oil Companies
Friday, May 22, 2015 France's Total is hosting a meeting of the world's biggest oil firms over the sector's action plan ahead of the UN climate talks in Paris at the end of the year.
Unite Joins GMB in Calling for North Sea Strike Action
Friday, May 22, 2015 In a statement to Rigzone, UK trade union Unite states that it will issue a legal notice to the OCA.
Norwegian Oil Drillers Call in Mediator after Wage Talks Fail
Friday, May 22, 2015 Wage talks involving thousands of Norwegian offshore oil workers break down, raising the risk of a strike that could disrupt oil exploration and efforts to raise production.
OPEC Seen Unyielding in Oil Market-Share Battle with Shale
Friday, May 22, 2015 OPEC will stick with the strategy of favoring market share over prices when it meets next month because rival producers are already starting to buckle.
Report: Oil, Gas IT Spending Cuts 'Lower Than Expected'
Friday, May 22, 2015 A study finds that oil and gas industry cuts to IT spending are lower than expected as companies eye potential spending on data services technology.

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Exploration

Third Energy to Submit Fracking Application in UK
Friday, May 22, 2015 Third Energy will submit a planning application to the UK's North Yorkshire County Council to begin fracking operations at Well KM8 in Kirby Misperton.
Statoil Comes up Dry at 2 Norwegian Sea Wells
Friday, May 22, 2015 Statoil drills two dry wells in the Norwegian Sea.
Apache Spuds Olympic-1 Oil Exploration Well in WA's Permit EP 473
Friday, May 22, 2015 Apache spuds the Olympic 1 oil exploration well in permit EP 473, located southeast of Broome in Western Australia.
NZEC Relinquishes PEP 52976 Permit in New Zealand's East Coast Basin
Friday, May 22, 2015 New Zealand Energy Corp. relinquishes permit PEP52976 in the East Coast Basin of New Zealand's North Island.
Exploration Bills Submitted for Second Readings in Bahamian Assembly
Thursday, May 21, 2015 Bahamas Petroleum Company reports that the Petroleum Bill and Sovereign Wealth Bill have been put before the Bahamian House of Assembly for their second readings.
Russia to Decide on Schlumberger Bid for Eurasia Drilling in 2-3 Weeks
Thursday, May 21, 2015 A Russian government commission should decide on Schlumberger's bid for Eurasia Drilling in two to three weeks.

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Production

PetroNeft Confirms Production Flow at S-373 Appraisal Well
Friday, May 22, 2015 PetroNeft reveals that the Sibkrayevskoye No. 373 appraisal well at License 61 in Russia is flowing at a production rate of 100 barrels of oil per day.
Mosman Hits Stumbling Block at Petroleum Creek Project
Friday, May 22, 2015 Mosman Oil and Gas revealed Friday that flow tests at its Petroleum Creek Project in New Zealand have produced mostly water, with varying amounts of oil.
First Production Flows at Bukit Tua Field in Ketapang Block Off East Java
Friday, May 22, 2015 PETRONAS commences production at Bukit Tua field in the Ketapang Block offshore East Java, Indonesia.
AWE Updates on Drilling at Waitsia-1 Appraisal Well in Perth Basin
Friday, May 22, 2015 AWE updates on drilling at Watsia-1 appraisal well in Permits L1/L2 in the Perth Basin, Western Australia.
BG Takes Over Operational Control of QCLNG Plant in Australia from Bechtel
Friday, May 22, 2015 BG takes over operations of Queensland Curtis liquefied natural gas plant in Australia from Bechtel.
Empyrean Reports Production Decrease at Sugarloaf
Thursday, May 21, 2015 Empyrean Energy announces a two percent production decrease at its Sugarloaf project in Texas.
BP Suspends West Azeri Platform for Planned Maintenance
Thursday, May 21, 2015 UK oil major BP suspends operations at West Azeri, one of its platforms in the Caspian Sea, for planned maintenance.

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Finance and Investing

Eland Sees Reduced Loss
Friday, May 22, 2015 Eland Oil & Gas reveals a $16-million loss in its full-year results for 2014, which compares favorably to a loss of $26 million in 2013.
Turkmenistan Eyes $3B Investment In Its Caspian Oil, Gas In 2015
Wednesday, May 20, 2015 Turkmenistan expects foreign companies to invest more than $3 billion in projects on its part of the Caspian Sea shelf this year, a Turkmen government official says.
Ramba Secures More Funds for West Jambi Exploration Program in Sumatra
Tuesday, May 19, 2015 Ramba Energy secures more funds for exploration program at West Jambi block in Sumatra, Indonesia.
Caza Oil & Gas Reveals Q1 Results
Friday, May 15, 2015 Energy firm Caza Oil & Gas announces unaudited financial and operational results for the first quarter of 2015.
Swiber's 1Q 2015 Revenue Falls to $164.9M, Down 17.3% YOY
Thursday, May 14, 2015 Swiber's revenue falls 17.3 percent in the first quarter of 2015 to $164.9 million, down from $199.5 million a year ago, while net profit slips to $$70,000 from $52.8 million.
AWE Secures $326M Loan Facility
Thursday, May 14, 2015 AWE secures a new $326 million loan facility to support the company's growth strategy and development plans.

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Company Operations

Malaysia's Petronas Posts 39% Drop in 1Q Profit on Global Oil Slump
Friday, May 22, 2015 Malaysia's Petronas reports a 39-percent drop in quarterly net profit due to lower oil prices.
BG Group, Prosafe Agree New Program for Safe Bristolia Vessel
Friday, May 22, 2015 BG Group and Prosafe agree a new work program for the use of the Safe Bristolia accommodation support vessel on BG's Everest field.
KS Energy's Unit to Supply Onshore Drilling Rig to Ocean Pakistan
Friday, May 22, 2015 KS Energy's subsidiary KS Drilling bags a contract to provide an onshore drilling rig to Ocean Pakistan.
Expro Receives RoSPA President's Award
Thursday, May 21, 2015 Expro wins the President's Award at the Royal Society for the Prevention of Accidents (RoSPA) Occupational Health and Safety Awards 2015.
Aberdeen-based Jee Wins Enhance Oil Recovery Contract
Thursday, May 21, 2015 Aberdeen-based subsea engineering firm Jee wins a contract from Amec Foster Wheeler to design kit for an enhanced oil recovery field development.
Thai PTTEP Cuts 2015 Sales Target, Investment Due to Weak Demand
Thursday, May 21, 2015 PTTEP cuts its 2015 petroleum sales growth target to 3 percent from 6 percent, mainly due to weak demand and slower-than-expected economic growth.
Exxon Deploys More Sanction Watchers as Iran Nuke Deal Looms
Friday, May 22, 2015 ExxonMobil is ramping up efforts to track US government work on Iranian sanctions that have locked out American oil companies from the Middle Eastern nation for more than three decades.

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