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Monday, October 20, 2014 - Rigzone catches up with John Gerstenlauer, CEO of Gulf Keystone Petroleum, to find out about the situation for oil companies in Kurdistan.
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Industry Headlines

Minister: Norway Oil Projects Face Delays over Costs
Tuesday, October 21, 2014 Several Norwegian oil and gas projects with development plans due in 2015 will be delayed because of high costs and technological challenges, says oil minister Tord Lien.
Total CEO de Margerie Killed In Moscow As Jet Hits Snow Plough
Tuesday, October 21, 2014 The chief executive of Total, Christophe de Margerie, was killed when a business jet collided with a snow plow during takeoff at Moscow's Vnukovo International Airport, the company and airport officials say.
Kemp: Congressional Study Questions Embargo-Era Oil Policies
Tuesday, October 21, 2014 Lifting restrictions on US crude oil exports could actually lower fuel prices for US motorists and other consumers by contributing to a drop in world oil prices.
Oil And Gas Backs Democrat's Bid To Keep Louisiana US Senate Seat
Monday, October 20, 2014 Oil and gas interests are pouring money into a tight US Senate race in Louisiana, giving twice as much to the Senate campaign of incumbent Democrat Mary Landrieu than her Republican challenger.
Mexico's Alfa Seeks To Raise $1B For Energy Projects
Monday, October 20, 2014 Alfa says it wants to issue about $1B worth of shares so it can invest in Mexican energy projects in shale gas, conventional hydrocarbons and electricity.
What's Going on in Kurdistan? Q&A with Gulf Keystone CEO
Monday, October 20, 2014 Rigzone catches up with John Gerstenlauer, CEO of Gulf Keystone Petroleum, to find out about the situation for oil companies in Kurdistan.
Douglas-Westwood: 'Offshore EPC - All Change'
Monday, October 20, 2014 DW Monday briefly discusses the realignment in Asia's offshore engineering, procurement and construction landscape.
Halliburton Profit Beats As N. America Drilling Stays Strong
Monday, October 20, 2014 Halliburton reports a better-than-expected quarterly profit, helped by buoyant shale drilling activity in North America.
Ocean Rig, Petrobras Agree To 3-Year, $1.1B Drillships Lease
Monday, October 20, 2014 Ocean Rig signs a $1.1B 3-year contract with Petroleo Brasileiro to extend a lease on two ultra-deepwater drilling ships.
Oil Falls Below $86 As Oversupply, Global Economy Worries Weigh
Monday, October 20, 2014 Brent crude falls, dropping below $86 a barrel as worries about booming supply and sluggish demand pushed the global oil benchmark back toward last week's 4-year low.

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Exploration

Statoil Finds up to 80M Barrels of Oil near Grane Field
Tuesday, October 21, 2014 Statoil says it has proved new oil resources of up to 80 million barrels of recoverable oil in the Norwegian North Sea near the Grane field.
Lakes Oil Bags 2 Offshore Exploration Permits in Gippsland Basin
Tuesday, October 21, 2014 Lakes Oil bags two new exploration permits in the offshore Gippsland Basin, Victoria, Australia.
Stena Clyde to Drill Pryderi-1 Well in WA-424-P in Late Oct/Early November
Tuesday, October 21, 2014 The Stena Clyde semisub will mobilize to drill the Pryderi-1 well in permit WA-424-P offshore Western Australia in late October or early November.
Cue Energy to Raise Stake in Kutei Basin's Mahakam Hilir PSC to 100%
Tuesday, October 21, 2014 Cue Energy to take full ownership of the Mahakam Hilir production sharing contract in Kutei Basin, Kalimantan, Indonesia by acquiring the remaining 60 percent stake from SPC Mahakam Hilir.
Hunt Energy to Provide Drilling Services in PEL444 in Cooper/Eromanga Basin
Tuesday, October 21, 2014 Holloman Energy reports that an agreement has been inked with Hunt Energy for drilling up to six wells in PEL444 in the Cooper/Eromanga Basin in South Australia.
Sidi Moussa Well Offshore Morocco Finds Oil
Monday, October 20, 2014 The SM-1 well, located on the Sidi Moussa block offshore Morocco, finds oil, Serica Energy reports.
Wressle-1 Well Confirms Potential Hydrocarbon-Bearing Zones
Monday, October 20, 2014 The Wressle-1 exploration well, onshore UK, confirms the presence of potential hydrocarbon-bearing zones in three separate intervals.
Drilling Continues at Gaudi-1 Unconventional Gas Well in Queensland
Monday, October 20, 2014 Central Petroleum updates on drilling at Gaudi-1 unconventional gas exploration well in ATP909 in Queensland, Australia.
Cooper Basin JV to Undertake Seismic in 3 SA's Petroleum Retention Licenses
Monday, October 20, 2014 The Cooper Basin Joint Venture,comprising Senex Energy and Tellus Resources, intends to undertake 3D seismic work at three petroleum retention licenses in South Australia.
Drilling Underway at Gobi-1 Well in West Natuna Basin's Gurita PSC
Friday, October 17, 2014 Nido Petroleum reports that drilling is underway at Gobi-1 exploration well in the Gurita production sharing contract in West Natuna Basin, offshore Indonesia.
BSO Gets Extension for Permit Vic/P41 Work Program in Gippsland Basin
Friday, October 17, 2014 Bass Strait Oil receives a six month extension to its work program for permit Vic/P41 in the Gippsland Basin, offshore Victoria, Australia.

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Production

Russia's Gazprom Increases 2014 Investments to 1 Trillion Roubles
Tuesday, October 21, 2014 Russia's Gazprom increases its investment program for this year to $25 billion.
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.
Sona to Get MSC's Clearance Soon to Acquire Salamander's Thailand Assets
Monday, October 20, 2014 Sona Petroleum expects to receive clearance soon from the Malaysian Securities Commission to acquire 40 percent in Salamander Energy's two upstream assets in Thailand.
OMV Posts Higher 3Q Output Helped by Libya, Norway
Monday, October 20, 2014 Austria's OMV raises production by five percent during the third quarter thanks to progress in Libya and Norway.
Jurong Shipyard Bags MODEC's FPSO Contract for Ghana's TEN Development
Monday, October 20, 2014 Jurong Shipyard bags a contract from MODEC for a floating production, storage and offloading conversion project for the Tullow Oil-operated TEN development project offshore Ghana.
LDD Wraps Up Foundation Installation Gig Offshore Gabon
Monday, October 20, 2014 LDD, an Acteon company, finishes a specialist foundation installation for the Etame Marin block field expansion project, offshore Gabon, West Africa.
Eni, Kogas to Cooperate, Deal to Help Develop Mozambique Area 4 LNG Project
Monday, October 20, 2014 Eni and Kogas ink cooperation agreement, with deal expected to facilitate development of Mozambique's Area 4 liquefied natural gas project.
Mirach Gets Sumatra's Kampung Minyak Field KM13-A Well Petrophysics Report
Monday, October 20, 2014 Mirach Energy's unit receives a petrophysics report from PT Elnusa on KM13-A well in the Kampung Minyak oil field, South Sumatra, Indonesia.
Israel's Tamar Group Looks to Sell Gas to Egypt via EMG Pipeline
Sunday, October 19, 2014 The partners in Israel's Tamar gas field are negotiating the sale of at least five billion cubic meters of gas over three years to customers in Egypt.

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Finance and Investing

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.
UAE's RAK Petroleum Plans To List In Oslo
Monday, October 06, 2014 RAK Petroleum says it aims to list on the Oslo exchange and raise $25 million in an initial public share offering (IPO).
Conoco Files For ICC Arbitration Against Venezuela's PDVSA
Friday, October 10, 2014 ConocoPhillips files for arbitration at the International Chamber of Commerce against PDVSA for compensation related to the termination of its partnership contract after the nationalization of oil projects.

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Company Operations

Lamprell Completes 2nd Caspian Sea Rig
Tuesday, October 21, 2014 Rig builder Lamprell completes the 'Mercury' rig for a client that will use the vessel in the Caspian Sea.
CEO: Oman Oil in Talks with Oxy to Buy Stake in Local Assets
Tuesday, October 21, 2014 Oman Oil Company is in talks with Occidental Petroleum Corporation about buying a minority stake in its assets, according to the Omani firm's CEO.
McDermott Lands T&I Contract for Bukit Tua Project Offshore East Java
Tuesday, October 21, 2014 McDermott lands a transportation, installation and pre-commissioning contract from a Petronas unit for the offshore Bukit Tua project in Ketapang block, East Java, Indonesia.
FAR Raises Funds for Senegal Drilling Program
Monday, October 20, 2014 FAR secures funds to advance a drilling program offshore Senegal in West Africa after raising $41 million through a share placement.
Songa Offshore Rig Suffers Engine Failure
Monday, October 20, 2014 Drilling firm Songa Offshore says its Songa Dee rig has suffered an engine failure.
Xcite Signs Services Deal with Baker Hughes for Bentley Field
Monday, October 20, 2014 Xcite agrees a memorandum of understanding with Baker Hughes for the provision of oilfield services for the Bentley field in the UK North Sea.
Vallianz Clinches $64M OSV Contracts in Asia, Mexico and West Africa
Monday, October 20, 2014 Vallianz Holdings clinches $64 million worth of letters of awards and charter contracts from Asia and new markets in Mexico and West Africa.
Energy Day Encourages Students to Seek STEM-Related Careers
Monday, October 20, 2014 The fourth annual Energy Day Festival in Houston set attendance records as it promoted STEM-related careers.
Nam Cheong Secures LOI, Worth $186M, for 12 Newbuild AHTS Vessels
Monday, October 20, 2014 Nam Cheong secures letters of intent, worth $186 million, to supply 12 newbuild NCA80E anchor handling tug supply vessels to five customers.
Kongsberg Signs $2.2M Drilling Software Contract with Petronas Carigali
Monday, October 20, 2014 Kongsberg signs $2.2 million drilling operations software and services contract with Petronas Carigali.

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