Industry Headlines

Biggest Oil Buyers Pick Themselves as Winners From OPEC Meeting
Friday, November 27, 2015 Oil buyers in Asia are sure of one thing as OPEC prepares to meet: They'll emerge as winners from the group's rift over production.
Struggling Oil Services Urged to Act as Capital Squeeze Looms
Friday, November 27, 2015 Oil service companies struggling with a slump in demand will need to act fast to bolster their balance sheets and make deals before capital becomes scarce, Norway's largest bank says.
Sustainable Gas: The Key to a Lower Carbon Future?
Thursday, November 26, 2015 Imperial College London's Sustainable Gas Institute is looking at exactly how natural gas can play a part in reducing Mankind's carbon emissions.
Ten People, Including Rosneft Workers, Killed in Helicopter Crash in Siberi
Thursday, November 26, 2015 Employees of Russian oil giant Rosneft are included among the victims of a helicopter crash in Siberia.
Survey: Confidence among North Sea Oil, Gas Contractors at All-Time Low
Thursday, November 26, 2015 Confidence among North Sea oil and gas contractors is at an all-time low, according to a new industry report.
PetroChina's $2.4B Sale Mixes Profits With Overhaul
Thursday, November 26, 2015 PetroChina rises to a two-week high after announcing plans to sell pipeline stakes for as much as $2.4 billion as the nation?s biggest oil and gas producer seeks to meet year-end profit targets amid a drive to reform state-own enterprises.
Baker Hughes: US Oil Drillers Cut Rigs For 12th Week In Last 13
Wednesday, November 25, 2015 US energy firms cut oil rigs for a 12th week in the last 13, data for the holiday-shortened week showed, a sign drillers were still waiting for higher prices before returning to the well pad.
Oil Steadies On US Rig Count Drop, Small Crude Build
Wednesday, November 25, 2015 Crude futures erase early losses to settle steady after a smaller-than-expected supply build in the United States.



88 Energy Expects Icewine #1 Drilling to Remain in Budget Despite Delays
Friday, November 27, 2015 88 Energy Limited expects its drilling operations at the Icewine #1 exploration well, located onshore Alaska, to remain within budget despite delays related to equipment repair.
Senegal JV Partners Receive 3-Year PSC Extension
Friday, November 27, 2015 FAR Ltd, along with its joint venture partners, receives a presidential decree to extend a current Petroleum Sharing Contract (PSC) in Senegal by three years, starting from February 6, 2016.
PEPANZ Highlights Key Themes for 2016 New Zealand Petroleum Conference
Friday, November 27, 2015 The Petroleum Exploration & Production Association of New Zealand highlights two key themes of the 2016 New Zealand Petroleum Conference.
Nighthawk Energy: No Commercial Finds at Northstar 1-14 Well
Thursday, November 26, 2015 Nighthawk Energy plc announces that the Northstar 1-14 well is being plugged and abandoned after failing to encounter a commercial find.
Lundin Drills Dry Well in Block PM308A Offshore Malaysia
Thursday, November 26, 2015 Lundin Petroleum completes the Selada-1 prospect in Block PM308A offshore Malaysia as a dry well.
Mexico's Sierra & Oil & Gas Sees First Exploratory Drill in Early 2017
Thursday, November 26, 2015 A consortium that includes Mexico's Sierra Oil & Gas plans in early 2017 to make its first exploratory drill in one of the fields it was awarded as part of a landmark energy reform, Sierra's chief executive officer says.
Triple Energy Updates on Plan for Yixin-1 in China's Heilongjiang Province
Wednesday, November 25, 2015 Triple Energy reports that the firm will fracc and test the Yixin-1 well in China's Heilongjiang province.
Quadrant Energy Spuds Roc-1 Well in Permit WA-437-P Off Western Australia
Wednesday, November 25, 2015 Quadrant Energy spuds Roc-1 well in permit WA-437-P offshore Western Australia.
Sound Energy: Estimated Badile Well Costs Reduced
Tuesday, November 24, 2015 Sound Energy takes advantage of the lower oil price environment to reduce the estimated cost of the upcoming Badile exploration well by $5.3 million.



UAE's Dragon Oil in Talks with Turkmenistan on $10B TAPI Pipeline
Friday, November 27, 2015 UAE's Dragon Oil is in talks with Turkmenistan on its potential involvement in the Turkmenistan-Afghanistan-Pakistan-India natural gas pipeline project.
UK Uses New Powers to Rule on Cuadrilla Shale Gas Permits
Friday, November 27, 2015 The UK will use new powers to determine whether to allow shale gas firm Cuadrilla Resources to carry out fracking at two sites in northwest England.
Libya's NOC Forms Group to Expedite El Sharara, El Feel Reopening
Friday, November 27, 2015 Libya's National Oil Corporation forms a special committee to accelerate talks with protesters and reopen the country's El Sharara and El Feel oilfields.
OPSB Awards Malaysia's Offshore Ophir Field WHP EPCIC Contract to Muhibbah
Friday, November 27, 2015 Ophir Production awards an engineering, procurement, construction, installation and commissioning contract for a wellhead platform for the Ophir oil field offshore Malaysia to Muhibbah Engineering.
Glencore Sees Tripoli-based NOC as Sole Legal Seller of Libyan Oil
Thursday, November 26, 2015 Glencore recognizes Libya?s Tripoli-based National Oil Corporation as the sole legal marketer of the country?s oil.
Penspen to Conduct Engineering Study for Offshore Nigerian Field
Thursday, November 26, 2015 Penspen secures a contract from Sirius Group to conduct an engineering study for the monetization of gas reserves from oilfields offshore Niger Delta.
Cooper Energy Upgrades Contingent Resource at Sole Field in Gippsland Basin
Thursday, November 26, 2015 Cooper Energy upgrades the resource at the Sole gas field in VIC/RL3 offshore Australia and opens the data room for the Gippsland Basin Gas Hub.
Israel's Leviathan Signs Preliminary Egypt Natgas Deal
Wednesday, November 25, 2015 Partners in the Leviathan gas field, offshore Israel, sign a 15-year deal to pump gas to Egypt via an existing subsea pipeline.
BG: QCLNG Train 2 Commercial Operations Begin
Wednesday, November 25, 2015 BG Group announces that commercial operations have begun from the second train at the Queensland Curtis LNG (QCLNG) plant.
Bowleven 'Pleased' with Moambe Flow Test Results
Wednesday, November 25, 2015 Bowleven Chief Executive Kevin Hart states that the company is "pleased with the positive initial flow test results" at the Moambe well on the Bomono permit in Cameroon.


Finance and Investing

Total to Raise $1.2 Billion of New Debt Financing
Wednesday, November 25, 2015 Total is raising approximately $1.2 billion of new debt financing, which it intends to use "for general corporate purposes", according to a company statement.
AGR Demands Speedy Loan Repayment from Tethys Petroleum
Wednesday, November 25, 2015 AGR Energy sends Tethys Petroleum an 'accelerated repayment notice' in relation to a $7.5-million loan it made to the firm during the spring of this year.
88 Energy Raises Funds Through Oversubscribed Share Placing
Friday, November 20, 2015 88 Energy Limited successfully raises $3 million through a "strongly oversubscribed" share placing.
Thai PTT Cuts 2015 Investment Budget To $1.4 Billion
Friday, November 20, 2015 PTT has cut its 2015 estimated investment budget to $1.4 billion, mainly due to a postponement in new overseas investments.
Petrobras' Dangerous Debt Math: $24B Owed in 24 Months
Thursday, November 19, 2015 The debt clock is ticking down at Brazil's troubled oil giant, Petrobras. Next up: $24 billion of repayments over 24 months.
Crowdfunding Platform Officially Launches
Friday, November 13, 2015 EnergyFunders officially launches crowdfunding platform, which will allow accredited and non-accredited investors to directly fund oil and gas projects.


Company Operations

Wintershall Joins 'Zero Routine Flaring by 2030' Initiative
Friday, November 27, 2015 Wintershall joins World Bank's international initiative to end the worldwide flaring of associated gas during oil production by 2030.
University of Manchester Students Reach UPPP Top 10
Friday, November 27, 2015 A team of students from the University of Manchester in the UK reaches the top 10 of MOL Group's global oil and gas student competition, UPPP.
Middle East Deals See Rig Builder Lamprell Boost Workforce
Friday, November 27, 2015 Lamprell boosts its workforce by 1,500 to help it meet increased activity in the Middle East.
Australian O&G Industry Body APPEA Re-elects Bruce Lake as Chairman
Friday, November 27, 2015 The Australian Petroleum Production & Exploration Association (APPEA) re-elected Bruce Lake and Richard Owen as its chairman and vice chairman, respectively.
China's Honghua to Supply Middle East Client with 3 Land Rigs for $41.5M
Friday, November 27, 2015 Honghua Golden, a unit of China's Honghua Group, signs agreement to sell three land rigs to a Middle East customer for $41.5 million.
Prosafe, Jurong Shipyard Agree on Flexible Delivery of Safe Zephyrus Vessel
Friday, November 27, 2015 Prosafe and Jurong Shipyard agree to a flexible delivery of the completed Safe Zephyrus accommodation vessel from the latter's yard in Singapore.
Aker Solutions Wins Maintenance Contract with BP
Thursday, November 26, 2015 Aker Solutions secures a framework agreement to provide maintenance and modifications services at BP-operated oil and gas fields offshore Norway.
Wood Group PSN Secures Services Contract in Iraq
Thursday, November 26, 2015 Wood Group PSN division secures a contract, worth approximately $90 million, with a "leading" international oil company in Iraq to provide project management services for an onshore facility.
CIMC Raffles Holds Naming Ceremony for North Dragon Semisub in China
Thursday, November 26, 2015 CIMC Raffles holds a naming ceremony for North Sea Rig Holdings' newbuild North Dragon semisub at its Yantai Shipyard in China, while construction work continues on two other similar rigs.
PPL Shipyard Challenges MPD's Termination of Jackup Construction Contract
Thursday, November 26, 2015 Sembcorp Marine's unit PPL Shipyard challenges Marco Polo Drilling's termination of a jackup construction contract.
Woodside Acquires CSD Software Licenses from Norway's Completion Services
Thursday, November 26, 2015 Woodside acquires Completion String Design (CSD) software licenses from Norway's Completion Services.



Our Privacy Pledge
Most Popular Articles
Brent Crude Oil : $46.17/BBL 0.10%
Light Crude Oil : $43.04/BBL 0.39%
Natural Gas : $2.21/MMBtu 0.45%
Updated in last 24 hours