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Friday, February 27, 2015 - Mexico has approved the auction terms for 5 shallow water areas containing around 355 MMboe as part of its Round One tender opening up oil fields to foreign investors.
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Industry Headlines

Petrobras Denies Hiring JPMorgan For Subsalt License Sales
Friday, February 27, 2015 Petrobras denies it hired JPMorgan Chase to handle the sale of oil exploration licenses in deep-sea areas off the coast this year.
RWE To Complete DEA Disposal Very Soon
Friday, February 27, 2015 RWE says closure of the sale of its oil and gas unit DEA to Russian tycoon Mikhail Fridman is imminent; media reports completion date as March 1.
Mexico OKs 5 Shallow Water Areas In Round One Oil Tender Second Leg
Friday, February 27, 2015 Mexico has approved the auction terms for 5 shallow water areas containing around 355 MMboe as part of its Round One tender opening up oil fields to foreign investors.
E&P Oil Firms Using Stock Sales To De-Lever
Friday, February 27, 2015 Exploration and production companies are bracing for a sustained period of low commodity prices by deleveraging through stock sales - and well-funded firms are surprisingly leading the way.
Malaysia's Petronas Posts $2B Quarterly Loss, Cuts Spending On Oil Slump
Friday, February 27, 2015 Petronas reports a $2B quarterly loss and says it plans a cut in spending over the next two years due to the slump in global oil prices.
Chesapeake Energy Sees Asset Writedowns In 1Q-Filing
Friday, February 27, 2015 Chesapeake Energy, in a regulatory filing, expects to write-down the value of its oil and gas properties in the first quarter, citing low oil and gas prices.

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Exploration

SeaBird Warns of Continued Weakness in the Seismic Market
Friday, February 27, 2015 SeaBird Exploration warns that it expects the current softness in the market for seismic data acquisition to continue to adversely affect the seismic survey industry in 2015.
Bounty Terminates Deal to Buy Stakes in Empire's Carnarvon Basin Permits
Friday, February 27, 2015 Bounty Oil & Gas terminates agreement to acquire the stakes of Empire Oil & Gas' Carnarvon Basin permits in Western Australia.
Tasmania Maintains Moratorium on Hydraulic Fracking Until March 2020
Friday, February 27, 2015 The Tasmanian government in Australia maintains a moratorium on the use of hydraulic fracking in the state until March 2020.
Whiting Shares Tumble On Plans To Keep Fracking Despite Cheap Oil
Thursday, February 26, 2015 Whiting Petroleum struck a confident tone for 2015, saying it will hydraulically fracture all wells it drills, but that prompted a sharp drop in its share price.
Anadarko Fails to Find Commercial Resources at Mozambique's Kifaru-1 Well
Thursday, February 26, 2015 Anadarko fails to find economic reservoir at the Kifaru-1 exploration well in the Rovuma Onshore Concession in northern Mozambique.
San Leon Announces Its First Polish Commercial Gas Find
Wednesday, February 25, 2015 Junior explorer San Leon makes its first commercial gas discovery in Poland.

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Production

Indonesia Says Fate of Total's Mahakam Gas Block in Pertamina's Hands
Friday, February 27, 2015 Indonesia will hand full control over the Mahakam gas block in East Kalimantan province to Pertamina once its current operator's contract, held by Total SA, expires in 2017, an energy ministry official says.
US Gas Exporters Eye Baltic Region, Poland As Asian LNG Boom Fades
Thursday, February 26, 2015 LNG exporters are looking to the Baltic states and Poland to sign buyers keen to cut their reliance on Russian supplies; hopes fade that Asian demand for cheap N. American natural gas will increase sales.
CFPS Wins Engineering, Design Deal for Brazil's Parnaiba Basin Gas Project
Thursday, February 26, 2015 Fluor's joint venture firm CFPS secures an engineering and design contract from PGN for a gas field development in the Parnaiba Basin in Maranhao state in Brazil.
Argentina's YPF Disappoints With Earnings But Output Growing
Thursday, February 26, 2015 YPF disappoints the market with its earnings but announces that output at a key shale oil and gas field was ramping up.
AWE Updates on its Upstream Development Projects in Australia, Indonesia
Thursday, February 26, 2015 AWE provides an updates on the development of the company's oil and gas projects in Australia and Indonesia.
Aminex Gets Approval to Pare Stake in Tanzania's Kiliwani North License
Thursday, February 26, 2015 The Tanzanian government approves Aminex's sale of up to a 13 percent interest in Kiliwani North Development License in Tanzania to Solo Oil.

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Finance and Investing

Woodside to Issue $1B in Corporate Bonds
Friday, February 27, 2015 Woodside to issue $1 billion in corporate bonds to help fund its capital and exploration expenditure program.
Icahn Posts Loss As Fund Hit In 2014 By Oil Plunge
Friday, February 27, 2015 Billionaire Carl Icahn's publicly traded investment fund posted a loss in 2014, undone by plummeting oil prices, the company says in a regulatory filing.
Vallianz Posts Net Record Profit of $20.4M in 2014, Lifted by OSV Segment
Wednesday, February 25, 2015 Vallianz Holdings' net profit rises to a record $20.4 million in 2014, almost twice the $10.3 million from a year ago, with the gains due mainly to contributions from its offshore support vessel chartering operations in the Middle East.
C. Bank Governor: Low Oil Prices To Hit Investment In Uganda's Oil Sector
Wednesday, February 25, 2015 The sharp drop in oil prices will likely slow down the flow of investment capital tied to Uganda's emerging hydrocarbons industry, and hurt economic growth, the country's central bank governor says.
Transocean Shares Poised For Big Move After Results
Tuesday, February 24, 2015 Transocean shares are expected to move about 8% in either direction following its earnings results.
Activist Investors Dig Deep In Energy Company Bets
Thursday, February 19, 2015 Elliot Management and Omega Advisors are among activist hedge funds buying stakes in North American oil and gas producers whose stock has fallen because of weaknesses exposed by the collapse of energy prices.

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Company Operations

Scottish Subsea Technology Calls in Administrators, 77 Jobs Lost
Friday, February 27, 2015 Accountancy firm KPMG is appointed as administrator of Specialist Subsea Services Limited amid cash flow difficulties at the company.
Russia's Novatek Says Weaker Rouble Slashes 2014 Profit
Friday, February 27, 2015 Novatek's 2014 net income more than halves due to a weaker rouble.
Oil & Gas UK Appoints New Chief Executive
Friday, February 27, 2015 Deidre Michie is appointed as the new chief executive of trade body Oil & Gas UK after a 30-year career at Royal Dutch Shell.
Russia's Rosneft May Get 300B Roubles from National Wealth Fund
Friday, February 27, 2015 Russian state oil firm Rosneft may get $5 billion from Russia's National Wealth Fund to finance five projects.
Driller Rowan Writes Down Assets By $438.4M In 4Q
Friday, February 27, 2015 Rowan writes down the value of 12 of its oldest jackups by $438.4M, joining rival Transocean Ltd in recording big asset impairment charges.
MOSB to Set Up Supply Base in Mawlamyine to Serve Myanmar's Oil, Gas Sector
Friday, February 27, 2015 Myanmar Offshore Supply Base is setting up a marine supply base in Mawlamyine in Mon state to support Myanmar's oil and gas industry.
Russell: PetroChina, Sinopec Merger Makes Little Sense
Friday, February 27, 2015 The market chatter over forming a giant Chinese oil major through merging PetroChina and Sinopec has ramped up again recently, but the motivations for such a deal struggle to stand up to scrutiny.
Mott MacDonald Partners Khudairi Group for Oil, Gas Projects in Iraq
Friday, February 27, 2015 Mott MacDonald partners Khudairi Group for oil and gas projects in Iraq.
HHI's HLV HD-10000 Joins Fleet, Cost Savings of $22M a Year Seen
Friday, February 27, 2015 Hyundai Heavy Industries' heavy lift vessel Hyundai-10000 (HD-10000) will join its fleet in March, with the newbuild likely to provide cost savings of $21.9 million annually for the firm.

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