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Monday, July 28, 2014 - "The world of energy may have changed forever," according to Professor James Hamilton of the University of California. "Hundred dollar oil is here to stay."
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Industry Headlines

Kemp: Forecasts for Higher Oil Prices Misjudge the Shale Boom
Monday, July 28, 2014 "The world of energy may have changed forever," according to Professor James Hamilton of the University of California. "Hundred dollar oil is here to stay."
Assessing and Hiring the Best Candidates for Performance and Retention
Monday, July 28, 2014 Weatherford's global director of human resources reveals how oil and gas companies can improve the hiring process.
UK Announces 14th Onshore Licensing Round
Monday, July 28, 2014 UK Energy Minister Matthew Hancock announces the country's 14th Landward Licensing Round.
Paper: Russia's Sechin Proposes Profit-based Tax for Oil
Monday, July 28, 2014 Rosneft CEO proposes changing oil taxation to a system based on profit rather than system linked to global oil prices.
Tanker Carrying Iraqi Kurdish Oil Anchored off Texas Port
Sunday, July 27, 2014 A tanker carrying crude oil from Iraqi Kurdistan anchors near Galveston, Texas.
Singapore's Major Offshore Players Hit by Slow Orders, Chinese Competition
Monday, July 28, 2014 Business for Singapore's two largest shipyards has been slow year to date, with the situation exacerbated by intense competition from China.

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Exploration

Britain Opens New Onshore Oil and Gas Licensing Round
Monday, July 28, 2014 The British government says it has opened a new licensing round for companies wanting to explore for onshore oil and gas.
WWF: Arctic Oil Well Blowout Could Spread More Than 1,000 Km
Friday, July 25, 2014 Oil from a spill or oil well blowout in the Arctic waters of Canada's Beaufort Sea could easily become trapped in sea ice and potentially spread to the west coast of Alaska, a World Wildlife Fund study reports.
TAG Oil Spuds Waitangi-1 Well in PEP 38348 in NZ's East Coast Basin
Friday, July 25, 2014 TAG Oil spuds Waitangi-1 well in petroleum exploration permit 38348 in New Zealand's East Coast Basin.
Northern Petroleum Awarded Two Permits in Italy
Thursday, July 24, 2014 Northern Petroleum is awarded two permits, one onshore and one offshore, in Italy.
Lime Petroleum Relinquishes 3 Norwegian Licenses in the North Sea
Friday, July 25, 2014 Lime Petroleum relinquishes three Norwegian licenses, located offshore in the North Sea.
OMV Spuds Whio-1 Exploration Well in PEP 51313 Offshore Taranaki
Thursday, July 24, 2014 OMV spuds Whio-1 exploration well in permit PEP 51313 in the Taranaki Basin off New Zealand.

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Production

Myanmar Pipeline Carries 1.87B Cubic Meters of Gas to China in 1st Year
Monday, July 28, 2014 China imports 1.87 billion cubic meters of gas through China-Myanmar gas pipeline in its first year of operation.
Brazil's ANP Fines Petrobras Over Output Measures
Monday, July 28, 2014 Brazil's petroleum regulator, the ANP, fines state-run oil company Petroleo Brasileiro SA 5.55 million reais ($2.49 million) after problems are discovered with gauges used to measure oil and gas output in the Lula offshore field.
Texas Petro Index: Seventh Record High as Production Closes in On All-Time
Friday, July 25, 2014 Karr Ingham?s Texas Petro Index shows energy in Texas is continuing to strengthen.
Exillon Production Slows Further in June
Friday, July 25, 2014 Exillon Energy sees slight improvement in its Timan-Pechora production in June, although fall in Western Siberia output means total average daily output fell.
Reach Energy Plans to Acquire an Upstream Asset Within 2 Years of IPO
Friday, July 25, 2014 Reach Energy intends to acquire its first upstream oil and gas asset within two years of its initial public offering on Bursa Malaysia.
Husky Updates on Field Developments in China, Indonesia
Friday, July 25, 2014 Husky Energy updates on field developments at its offshore projects in China and Indonesia.

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Finance and Investing

Mexico's Pemex 2nd-Qtr Losses Widen to 52.2B Pesos
Friday, July 25, 2014 State-owned oil company Pemex reported a wider second quarter loss hurt by higher sales costs, declining asset values and higher taxes, the company said on Friday.
Thai PTTEP 2Q Net Profit Up 55%, Beats Forecast
Friday, July 25, 2014 PTTEP reports a 55 percent rise in second quarter net profit due to higher petroleum sales and firmer global oil prices.
Sources: Reach Energy Locks in Cornerstones for IPO
Thursday, July 24, 2014 Malaysia's Reach Energy, a special purpose acquisition company with no existing assets, locked in up to seven cornerstones for its $236.93 million IPO, two sources involved with the deal say.
Schlumberger Second-Quarter Profit Falls 24%
Thursday, July 17, 2014 Schlumberger, the world's largest oilfield services company, reports a nearly 24% fall in quarterly profit.
Far East Energy Corp.'s Bridge Facility with SCB Extended for 2 Months
Monday, July 14, 2014 Far East Energy Corp., operator of the Shouyang coalbed methane production sharing contract in China's Shanxi province, receives a further extension of the maturity date of an existing bridge facility with Standard Chartered Bank.
Triyards' 9-Month Net Profit Increases 1% to $21.4M
Friday, July 11, 2014 Triyards Holdings posts a net profit of $21.4 million for the 9 months ending May 31, a marginal 1 percent rise from a year ago.

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Company Operations

Gulf Marine Sees Extensions to Vessel Contracts
Monday, July 28, 2014 Gulf Marine Services sees contract extensions for two of its Small Class vessels.
Technip Holds Naming Ceremony for New Subsea Vessel
Monday, July 28, 2014 Technip names its new subsea construction vessel 'North Sea Atlantic' at a ceremony in Norway.
Rose Moves from Ophir to Premier to Take Up FD Role
Monday, July 28, 2014 Premier Oil appoints Richard Rose as its new finance director.
Portugal Galp Profit Falls Less than Expected
Monday, July 28, 2014 Portugal's Galp Energia posts a smaller-than-expected fall in second-quarter net profit after a drop in its refining margins.
Sources: Eni to Revive Saipem Sale Plans
Friday, July 25, 2014 The new management of Italy's Eni plans to press on with the sale of a controlling stake in oil services subsidiary Saipem so it can focus on the more lucrative business of finding oil and gas, sources said.
Brazil Regulator Approves Petrobras Plan to Upgrade Marlim Field
Friday, July 25, 2014 Brazil's oil regulator ANP approves a plan by Petrobras to renew its development plan for the Marlim offshore oil field, one of the country's largest.

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