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Thursday, October 23, 2014 - GDF Suez and BP make a "significant" discovery in the UK zone of the central North Sea.
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Industry Headlines

Russian Prosecutors Detain More Suspects In Total CEO Plane Crash
Thursday, October 23, 2014 Prosecutors detain four Moscow airport workers and deny bail to the driver of a snow plough involved in the plane crash that killed the CEO of Total earlier this week.
Mozambique Offers More Gas And Oil Blocks Week After Election
Thursday, October 23, 2014 Mozambique opens up 15 new areas for exploration and production, a week after national elections which are expected to return the ruling Frelimo party to power.
Husky Energy Profit Rises 11.5% On Increased Production
Thursday, October 23, 2014 Husky reports an 11.5% rise in quarterly profit, helped by a 10% increase in production.
Asia Leads in Global LNG Demand Growth, China Support
Thursday, October 23, 2014 Asia will be the main driver of global demand growth for liquefied natural gas, lifted by expectations of higher gas consumption in China.
Three Azeri Workers Die In Offshore Platform Accident
Thursday, October 23, 2014 Three workers were killed and one is still missing after an accident at one of the offshore oil and gas platforms in the Caspian Sea, SOCAR says.
Brent Up Almost 3%, Biggest Gain Since June, On Reported Saudi Cut
Thursday, October 23, 2014 Brent crude oil jumps nearly 3%, its most in over four months, after an industry source says Saudi Arabia cut output in September following the summer's tumble in prices.

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Exploration

Chariot Opts Not to Pursue License for Namibian Blocks
Thursday, October 23, 2014 Chariot Oil & Gas deems exploration in the northern blocks offshore Namibia too high risk to justify further spending on a new license.
Chevron Finds Paleogene Exploration Success with Guadalupe
Thursday, October 23, 2014 Chevron finds significant oil pay in Paleogene age Wilcox sands at the Guadalupe prospect in the deepwater US Gulf of Mexico.
Occidental Petroleum Profit Beats Expectations As Production Jumps
Thursday, October 23, 2014 Occidental Petroleum posts a better-than-expected quarterly profit as US oil production jumps.
GDF, BP Make 'Significant' Discovery in the UK North Sea
Thursday, October 23, 2014 GDF Suez and BP make a "significant" discovery in the UK zone of the central North Sea.
InterOil Provides Update on Raptor-1, Bobcat-1 Exploration Drilling in PNG
Thursday, October 23, 2014 InterOil provides update on exploration drilling program at permits PPL 475 and PPL 476 in Papua New Guinea.
Polarcus to Commence 3D Survey Over Roebuck Basin, Offshore NWS
Thursday, October 23, 2014 Polarcus will commence 3D survey over the Roebuck Basin, offshore NorthWest Shelf, Australia.
NSE Divests Part of its Interest in Cooper Basin's Permit PEL 570 to Santos
Thursday, October 23, 2014 New Standard Energy divests part of its interest in permit PEL 570 in the Cooper Basin, South Australia to Santos.

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Production

Cenovus Energy Profit Falls 4%
Thursday, October 23, 2014 Canada's Cenovus Energy says its quarterly profit falls four percent due to an unplanned outage at a refinery.
Savanna Inks $63.4M Rig Supply Deal for Australia's East Coast LNG Project
Thursday, October 23, 2014 Savanna Energy Services inks $63.4 million deal to supply four drilling rigs for a liquefied natural gas project in the east coast of Australia.
BP Awards FEED Contracts for Tangguh Expansion Project
Wednesday, October 22, 2014 BP awards two consortia with contracts for onshore FEED work at its Tangguh Expansion Project in Indonesia.
Russia's Lukoil Says West Qurna-2 Pumps Over 320,000 Bpd
Wednesday, October 22, 2014 Lukoil says it is producing more than 320,000 barrels per day at its Iraqi West Qurna-2 field.
Official: Kazakh Oil Output To Rise With Kashagan After 2020
Wednesday, October 22, 2014 Kazakhstan expects annual oil output to reach as high as 100 million tonnes after 2020 when the giant Kashagan oilfield resumes pumping.
Addax Extends Charter of Yinson's FPSO Knock Adoon for $39M
Tuesday, October 21, 2014 Addax extends contract with Yinson Holdings to charter FPSO Knock Adoon for work at the Antan field offshore Nigeria.

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Finance and Investing

Emas Offshore Posts 39.3% Increase in Net Profit for FY 14 to $54.7M
Thursday, October 23, 2014 Ezra Holding's subsidiary EMAS Offshore posts a four-fold increase in net attributable profit for financial year that ended Aug. 31.
6 Mistakes to Avoid When Investing in Natural Gas
Wednesday, October 22, 2014 Unfortunately, there's no way to know what the future will bring, but there is a way to maximize your chances of investing success. Check out these six mistakes to avoid when you invest in natural gas.
Rosneft Says Projects Economically Viable Even If Oil Price Slips Further
Friday, October 17, 2014 Rosneft says the recent fall in oil prices is not critical for the company and it sees "no reason for concern".
Santos' 3Q 2014 Sales Revenue Up 4% to $929M, Boosted by PNG LNG
Friday, October 17, 2014 Santos' sales revenue rises 4 percent in the third quarter of 2014 to $929 million, with the gains attributed to contribution from the Papua New Guinea liquefied natural gas project.
Woodside Posts 46.4% Increase in Sales Revenue to $1.95B for 3Q 2014
Thursday, October 16, 2014 Woodside posts 46.4% increase in sales revenue to $1.95 billion for the third quarter of this year.
Africa Oilfield Logistics to List on Nairobi Stock Exchange
Monday, October 13, 2014 Africa Oilfield Logistics plans to list its shares on Kenya's Nairobi Securities Exchange.

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Company Operations

Norway's Seismic Surveyors Say Hit by Lower Oil Price
Thursday, October 23, 2014 Norwegian seismic survey firms TGS and PGS report a deterioration in demand from oil companies.
Ocean Installer Establishes Subsea Construction Services Base in Perth
Thursday, October 23, 2014 Ocean Installer establishes office in Perth, Australia to meet demand for subsea construction services in Asia Pacific and Oceania.
Keppel O&M's Net Profit Grows 17% to $201.5M in 3Q 2014
Thursday, October 23, 2014 Keppel O&M's net profit grows 17 percent to $201.5 million in the third quarter of 2014, compared to $172 million a year ago.
InterMoor Completes Mooring Work for COOEC at China's Panyu, Enping Fields
Thursday, October 23, 2014 InterMoor completes two offshore moooring projects for China's COOEC at Panyu and Enping fields in the Pearl River Mouth basin, South China Sea.
Contract Driller Nabors' Revenue Rises On US Shale Spending
Wednesday, October 22, 2014 Nabors reported a 17% rise in revenue, its highest increase in nine quarters, as it benefited from strong spending in US shale fields.
PMI Energy Services Sets Up New Shorebase in Morgan City
Wednesday, October 22, 2014 PMI Energy Services opens a shorebase in Morgan City, Louisiana, focused on supporting shelf, coastal and inland waters production and drilling activities.

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