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Monday, April 27, 2015 - BP continues to have a close relationship with Britain's establishment - reaching beyond government ministers and right into the core of the permanent Whitehall bureaucracy.
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Industry Headlines

Alberta Voters May End Ruling Party's 44-Year Run After Oil Plunge
Monday, April 27, 2015 The Canadian province of Alberta may be poised to change its govt for the first time in 44 years as the ruling party struggles with the shock of tumbling oil prices.
US Rep. Mark Sanford Opposes Offshore Testing, Drilling
Monday, April 27, 2015 US Rep. Mark Sanford issues a statement saying he opposes seismic testing and drilling for oil and natural gas off the South Carolina coast.
PetroChina First-Quarter Profit Dives 82%
Monday, April 27, 2015 PetroChina reports a sharper-than-expected fall in 1Q profit due to lower international crude prices and inventory writedowns at its refining division.
Kemp: BP Must Remain British, Says Whitehall
Monday, April 27, 2015 BP continues to have a close relationship with Britain's establishment - reaching beyond government ministers and right into the core of the permanent Whitehall bureaucracy.
How to Manage Oil, Gas Employees in Turbulent Times
Monday, April 27, 2015 In the midst of the energy industry downturn, HR experts share best practices on maintaining a competent workforce and how to acquire new, fresh talent.
Oil Slips As Ample Supply Counters Yemen, Drilling Slump
Monday, April 27, 2015 Crude settles lower as ample global supply blunts support from the conflict in Yemen and the falling number of US rigs drilling for oil.
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.
North Dakota OKs New Oil Tax Framework, Ends Price Triggers
Sunday, April 26, 2015 With oil prices sinking enough that drillers may soon see a more favorable tax rate, North Dakota lawmakers approve a new framework.

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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.
Inpex Acquires 5% Participating Interest in ADCO Concession in Abu Dhabi
Monday, April 27, 2015 Inpex acquires a 5% participating interest in ADCO's onshore concession in Abu Dhabi, United Arab Emirates.
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.

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Production

Tribunal Rejects Ivory Coast Request that Ten Project be Suspended
Monday, April 27, 2015 A request by the Ivory Coast that Ghana be orderedto suspend all oil exploration and exploitation in the vicinity of the TEN Project is rejected by the International Tribunal of the Law of the Sea.
Govt: Statoil Must Move Ahead with Snorre Field Expansion
Monday, April 27, 2015 Statoil must move ahead with the delayed upgrade of the Snorre oil and gas field in the North Sea, Norway's energy minister says.
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.

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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

Galp's Upstream Business Hit by Fall in Oil Price
Monday, April 27, 2015 Portugal's Galp Energia reports that 1Q profits in its exploration and production business segment were hit by lower oil prices.
Petrobras Says Non-Government Board Member Monforte Resigns
Monday, April 27, 2015 Jose Guimar?es Monforte quit the board of directors of Petrobras Friday.
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.
Japan's Inpex Wins 5% Stake in New Abu Dhabi Oil Concession
Monday, April 27, 2015 Japan's Inpex Corporation becomes the first Asian oil company to get a stake in a new 40-year onshore oil concession in Abu Dhabi.
Precision Drilling's Profit Beats Estimates As Costs Fall
Monday, April 27, 2015 Precision Drilling reports a 76.4% drop in its quarterly profit.
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.

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