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Friday, August 01, 2014 - CNOOC commences production at the Panyu 10-2/5/8 oil project in the Pearl River Mouth Basin in South China Sea.
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Industry Headlines

Enbridge Sees New Pipeline To US Gulf Operating In October
Friday, August 01, 2014 Enbridge reports a stronger-than-expected profit in 2Q, driven mainly by higher shipment volumes on the Mainline and on its regional oil sands systems.
New Oilfield Water Platform Serving Permian Basin
Friday, August 01, 2014 An energy industry veteran discusses with Rigzone the plans for a new oilfield water platform that will initially serve the Permian Basin.
Tintera Delivers White Paper On Water Usage
Friday, August 01, 2014 Water plays a critical role in the increased production of oil and natural gas in Texas.
Oil Prices Tumble On Oversupply, Weak Demand
Friday, August 01, 2014 Brent and US crude futures tumble to the lowest settlement prices in months.
Chevron 2Q Profit Tops Estimates On Higher Oil, Gas Prices
Friday, August 01, 2014 Chevron reports better-than-expected quarterly profit as higher energy prices offset rising expenses and production dips in Kazakhstan.
Wyoming Regulators: Setbacks between Wells, Housing May Be Widened
Thursday, July 31, 2014 Wyoming regulators are considering a change to the distance between residential structures and oil and gas wells.
US Oil Dives Below $100 On Kansas Refinery Outage, Equity Drop
Thursday, July 31, 2014 US crude oil tumbles more than $2, hitting the lowest level since March on news of a potentially lengthy shutdown at a Kansas oil refinery.

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Exploration

MX Oil Establishes Mexican Exploration Joint Venture
Friday, August 01, 2014 MX Oil establishes a joint venture with Geo Estratos to explore for hydrocarbons in Mexico.
MEO Updates on Drilling at Puka-3 Well in PEP 51153 in Taranaki Basin
Friday, August 01, 2014 MEO Australia gives an update on drilling at Puka-3 well in PEP 51153 in New Zealand's onshore Taranaki Basin.
Dolphin Bags Deal from TGS for Seismic Work in Australia's Ceduna Sub-basin
Friday, August 01, 2014 Dolphin Geophysical bags a contract from TGS for seismic work in the Ceduna Sub-basin in Australia.
Seabird Gets Letter of Award for 2D Seismic Survey in Australasia
Friday, August 01, 2014 Seabird receives a letter of award, worth $11 million, for a 2D seismic survey in Australasia.
Eni Inks PSCs for 2 Onshore Exploration Blocks in Myanmar
Friday, August 01, 2014 Eni inks production sharing contracts for RSF-5 and PSC-K exploration blocks in Myanmar.
TGS Boosts Order Book with New Seismic Contracts
Thursday, July 31, 2014 Seismic survey firm TGS continues to build its order book, winning three new contracts for multi-client surveys.

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Production

Hungary's MOL Holds to Production Forecast after Quarterly Downturn
Friday, August 01, 2014 Hungary's MOL expects to meet its forecasts of rising crude output through to 2018.
Mosman Commits to Next Permit Year for its NZ's Petroleum Creek Asset
Friday, August 01, 2014 Mosman Oil & Gas commits to the next permit year for its Petroleum Creek asset in New Zealand.
CNOOC Commences Oil Production at Panyu 10-2/5/8 Project in South China Sea
Friday, August 01, 2014 CNOOC commences production at the Panyu 10-2/5/8 oil project in the Pearl River Mouth Basin in South China Sea.
US Energy Dept Approves Oregon Project To Export LNG
Thursday, July 31, 2014 The US Energy Department approves Oregon LNG, as the Obama admin. works through applications to export fuel from the domestic drilling boom to markets in Asia and Europe.
Gas2Grid Seeks Farminee to Fund Malolos Oil Field Appraisal, Development
Wednesday, July 30, 2014 Gas2Grid seeks a farminee to fund field appraisal and development of the Malolos oil field in Service Contract 44 in Cebu, the Philippines.
First Gas Commences at Lishui 36-1 Field Off China's Zhejiang Province
Wednesday, July 30, 2014 CNOOC commences first production at the Lishui 36-1 gas field, located offshore Zhejiang province, China.

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Finance and Investing

Woodside Shareholders Block $2.68B Buyback from Shell
Friday, August 01, 2014 Woodside fails to win shareholder approval to buy back $2.68B of its shares from Shell, the company said after a vote.
Woodside's $2.68B Buyback from Shell Close to Failing
Thursday, July 31, 2014 Woodside's planned $2.68 billion share buyback from Shell is on the brink of failing, based on a count of votes mailed in ahead of a shareholder meeting.
Beach Energy to Produce Up to 9.4 MMboe, Spend $470M in Capex in FY 2015
Tuesday, July 29, 2014 Beach Energy plans to produce 8.6 to 9.4 million barrels of oil equivalent and spend up to $470 million in capital expenditure in financial year 2015.
Post Oak Energy Capital Commits $150 Million to CP Exploration II, LLC
Monday, July 28, 2014 Post Oak Energy Capital announces that it is committed to a $150 million line of equity to CP Exploration.
Mexico's Pemex 2nd-Qtr Losses Widen to 52.2B Pesos
Friday, July 25, 2014 State-owned oil company Pemex reported a wider second quarter loss hurt by higher sales costs, declining asset values and higher taxes, the company said on Friday.
Thai PTTEP 2Q Net Profit Up 55%, Beats Forecast
Friday, July 25, 2014 PTTEP reports a 55 percent rise in second quarter net profit due to higher petroleum sales and firmer global oil prices.

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Company Operations

PETRONAS Wins Asia's Best Employer Brand Award
Friday, August 01, 2014 Malaysia's PETRONAS wins the fifth Asia's Best Employer Brand Awards 2014.
Rosneft Closes Weatherford Rigs Deal
Friday, August 01, 2014 Rosneft closes a deal to acquire land drilling and work-over assets from Weatherford.
Yinson Optimistic About Growth Potential in FPSO Market
Friday, August 01, 2014 Yinson Holdings is optimistic about growth potential in the floating production, storage and offloading segment.
Eni CEO Shake-up Puts Saipem on Block in Exploration Gambit
Friday, August 01, 2014 Eni lays out plans to sell assets, including a multi-billion dollar stake in oil service firm Saipem, and downsize its ailing refinery business to help fund its transformation into a leaner oil and gas outfit.
Thai Bangchak to Buy Stake in Australia's Nido Petroleum
Thursday, July 31, 2014 Thai oil refiner Bangchak Petroleum's subsidiary signs a deal to buy a 19.66 percent stake in Australian oil-and-gas explorer Nido Petroleum Ltd for $20.7 million.

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