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Monday, December 22, 2014 - Rigzone highlights offshore rig activity for 2014 using RigLogix data.
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Industry Headlines

Rosneft Expansion Thwarted by U.S. Veto on Morgan Stanley Deal
Monday, December 22, 2014 The ambitions of Kremlin-controlled oil champion Rosneft to boost its global reach have been reined in by U.S. authorities, which torpedoed its acquisition of a Morgan Stanley oil trading business.
Brazil's Rousseff Stands by Petrobras CEO, Says Pessimism Overblown
Monday, December 22, 2014 Brazil's President Dilma Rousseff says she has no plans to replace the chief executive officer of state-run oil firm Petrobras, saying there was no evidence that senior management was involved in a graft scandal at the company.
Kemp: Oil Prices and Saudi Diplomacy
Monday, December 22, 2014 Saudi Arabia sets oil market policy purely on an economic basis, no less and no more, the kingdom's oil minister reiterated in a broad-ranging interview with the newspaper Al-Hayat.
By The Numbers: 2014 Global Offshore Rig Stats
Monday, December 22, 2014 Rigzone highlights offshore rig activity for 2014 using RigLogix data.
President Widodo Seeks to Energize Indonesia's Moribund Oil, Gas Industry
Monday, December 22, 2014 Much work awaits Indonesia's new president Widodo as he attempts to provide some fresh direction for the country's stagnant oil and gas industry.
Saudi Oil Minister: Ready to Raise Output If New Clients Emerge
Monday, December 22, 2014 Saudi Arabia is prepared to increase its oil output and claim a bigger market share to meet the demands of any new customers.
Singapore Shipyards Keep Busy in Second Half of Year
Friday, December 19, 2014 Singapore's major yards managed to keep busy in the second half of 2014 after experiencing a slow first half in orders for rig & platform fabrication and vessel conversions.

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Exploration

BP, SOCAR Ink Caspian PSA Agreement
Monday, December 22, 2014 BP and SOCAR sign a new production sharing agreement to jointly explore for and develop potential prospects in the shallow water area around the Absheron Peninsula in the Azerbaijan sector of the Caspian Sea.
Statoil Makes Small Oil Discovery near Oseberg South
Monday, December 22, 2014 Statoil discovers up to 19 million barrels near the Oseberg South field in the Norwegian North Sea.
Norway Delays Arctic-Focused Oil Licensing Round Until 2015
Friday, December 19, 2014 Norway's government delays the launch of its Arctic-focused oil and gas licensing round until next year, the oil ministry says.
Rose is Granted Utah Drilling Permit
Thursday, December 18, 2014 Rose Petroleum is granted a drilling permit by the State of Utah ahead of the start of operations at its Mancos Well in the Uinta Basin.
ExxonMobil Says Hits More Shale Oil, Gas In Argentine Region
Thursday, December 18, 2014 ExxonMobil has struck shale oil and gas at a second well in Argentina's Neuquen province, a region that sits atop Vaca Muerta, one of the world's largest shale resources.
Chevron Cancels Canadian Arctic Drilling As Oil Prices Slide
Wednesday, December 17, 2014 Chevron says a plan to drill for oil in the Beaufort Sea in Canada's Arctic is on hold indefinitely because of what it called "economic uncertainty in the industry" as oil prices fall.
Ivory Coast Signs Deals with ExxonMobil for Two Oil Blocks
Wednesday, December 17, 2014 Ivory Coast signs production sharing agreements with Exxon Mobil for two ultra-deepwater blocks in the Gulf of Guinea.

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Production

Libya Not Producing Enough Oil for Own Needs, NOC Says
Monday, December 22, 2014 Libya's oil output cannot even cover its own needs, the National Oil Corp (NOC) says, as the country struggles with fighting and protests that have hampered production since the 2011 ouster of leader Muammar Gaddafi.
Schlumberger Awarded Contract for Mariner Field
Friday, December 19, 2014 Statoil has on behalf of the Mariner co-venturers awarded the contract for integrated drilling and well services on the Mariner field on the UKCS to Schlumberger Oilfield UK.
Shell Agrees Sale of Norwegian Downstream Businesses
Thursday, December 18, 2014 Royal Dutch Shell agrees to sell its Norwegian retail, commercial fueld and logistics businesses to ST1.
FMC Clinches Subsea Systems Gig Offshore Nigeria
Wednesday, December 17, 2014 FMC Technologies receives an order from Star Deep Water Petroleum Limited (a Chevron company) to provide subsea equipment for operations in the Agbami field offshore Nigeria.
Technip Wins $125M Terminal Project with ONGC in India
Wednesday, December 17, 2014 Technip wins $125 million deal to build a 212-million cubic feet per day onshore oil terminal in India.
Stage Two of Russia's Urengoyskoye Field Launched
Wednesday, December 17, 2014 Novatek reports the launch of the second stage of the Urengoyskoye field, onshore Russia.
Shaikan Production to Increase to 40,000 Barrels per Day
Tuesday, December 16, 2014 Work is completed on Iraqi Kurdistan's Shaikan field that will see it soon produce 40,000 barrels of oil equivalent per day.

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Finance and Investing

Oil Price Plunge Forces Nigeria To Slash 2015 Growth Forecast
Wednesday, December 17, 2014 Nigeria has slashed its forecast for economic growth in 2015 due to the plunge in global oil prices, the finance minister's budget presented to parliament on Wednesday showed.
Mosman Oil and Gas Plans to Acquire 100% Interest in MEO Australia
Friday, December 12, 2014 Mosman Oil and Gas plans a takeover bid for 100 percent interest in MEO Australia.
Minister: Brazil Govt Plans Petrobras Asset-Backed Debt Offer
Thursday, December 11, 2014 The Brazilian government is working on a plan to help embattled Petrobras borrow money through an offering of asset-backed securities before year end, Mines and Energy Minister Edison Lob?o says.
Lower Oil Prices Prompt Norway Interest Rate Cut
Thursday, December 11, 2014 In a surprise move, Norway's central bank cuts its key lending rate as it frets over the impact of the sharp fall in oil prices on the country's economy.
Octanex Gets Funds from SIP for Joint Investment in Southeast Asia Projects
Tuesday, December 09, 2014 Octanex secures funding from Sabah International Petroleum to jointly pursue upstream projects in Malaysia, Indonesia and the Philippines.
Israel's Delek Group Buying Shares In Foreign Energy Companies
Wednesday, December 03, 2014 Delek Group buys $170 million worth of shares in foreign oil and gas companies.

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Company Operations

Whiting's Proven Oil-Equivalent Reserves Up About a Third in 2014
Monday, December 22, 2014 Whiting Petroleum Corp says its proven reserves of oil equivalent have jumped nearly a third over the past year, thanks largely to its buyout earlier this month of rival Kodiak Oil & Gas.
Premier Completes North Sea Asset Sales
Monday, December 22, 2014 Premier Oil completes the sale of North Sea assets to MOL Group and Lundin Petroleum.
Afren Gets Preliminary Approach from Nigeria's Seplat
Monday, December 22, 2014 Africa-focused Afren receives a preliminary takeover approach from Nigerian oil and gas explorer Seplat Petroleum Development Company.
Top Russian Oil Firm Rosneft Repays Around $7B in Debt
Monday, December 22, 2014 Rosneft repays $7 billion in debt, partially easing fears among investors that Western sanctions could prompt mass defaults.
Sub-Atlantic Secures ROV Orders
Monday, December 22, 2014 UK-based oilfield equipment firm secures $5.5 million of orders for its remotely-operated vehicles,
Judge Favors Providence in Transocean Dispute
Monday, December 22, 2014 Ireland's Providence Resources wins a case related to costs made against it by drilling firm Transocean.
Baker Hughes: US Oil Drillers Cut Rigs, Lowest Since May
Friday, December 19, 2014 The number of rigs drilling for oil in the United States fell by 10 this week as low crude prices continued to threaten energy company revenues.

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