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Tuesday, September 30, 2014 - Small medium enterprises in Singapore are taking steps to deal with domestic and external challenges affecting the oilfield services industry.
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Industry Headlines

Enbridge Eyes Mainline Oil Pipe Expansion If Demand Strong
Tuesday, September 30, 2014 Enbridge says it may have to build new pipeline capacity from its Superior, Wisconsin, storage hub if oil shipments from Canada and the Bakken shale field of North Dakota keep expanding.
Murphy Oil To Sell Nearly A Third Of Malaysian Assets For $2B
Tuesday, September 30, 2014 Murphy Oil says it would sell 30% of its oil and gas assets in Malaysia for $2 billion in cash to Pertamina as it cuts overseas holdings to focus on an improving home market.
Algeria Awards 4 Out Of 31 Oil, Gas Blocks On Offer
Tuesday, September 30, 2014 Algeria awards four of 31 oil and gas field blocks on offer to foreign consortiums in its first attempt since a disappointing 2011 bid to draw investors to help offset its stagnate production.
Oil, Rail Industries Want 7 Years To Fix Tank Cars
Tuesday, September 30, 2014 The oil and railroad industries are urging US regulators to allow them as long as 7 years to retrofit existing tank cars that transport crude oil, an industry official says.
Singapore's SMEs Brace for Challenges in Oilfield Services Sector
Tuesday, September 30, 2014 Small medium enterprises in Singapore are taking steps to deal with domestic and external challenges affecting the oilfield services industry.
Oil Drops To Two-Year Lows, Capping Quarter-Long Rout
Tuesday, September 30, 2014 World oil prices tumble to their lowest in more than two years on, with US crude posting its biggest daily decline since 2012.
Encana Buying Athlon Energy For $5.93 Billion
Monday, September 29, 2014 Encana is buying Athlon Energy Inc. for $5.93 billion in an effort to boost is oil production by tapping into Texas's booming Permian Basin.
Kemp: Time For A Good Sweating In The Oil Market
Monday, September 29, 2014 US demand for petroleum products has experienced a decline over the last 8 years as soaring oil prices have forced consumers to become more efficient and seek cheaper alternatives.

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Exploration

Dragon Oil, Enel Secure 2 Exploration Blocks in Algeria
Wednesday, October 01, 2014 Dragon Oil and Enel secure two exploration blocks - the Tinrhert Nord Perimeter and Msari Akabli Perimeter - in Algeria.
Apache Decides Not to Farm-in to AC/P50, AC/P51 Permits in Australia
Wednesday, October 01, 2014 Apache Northwest decides not to exercise option to farm-in to AC/P50 and AC/P51 exploration permits in the Vulcan Sub-Basin offshore northern Australia.
Edgo Energy Signs PSA for Qarordon, Surkhsimo Blocks in Tajikistan
Wednesday, October 01, 2014 Edgo Energy signs production sharing agreements for Qarordon and Surkhsimo blocks in Tajikistan.
Rift Energy Seeks Partner for Block L19 in Kenya
Tuesday, September 30, 2014 Rift Energy plans to farm out part of its stake in Block L19 in Kenya to fund the exploration program in the production sharing contract.
NZOG, Octanex Relinquishes PEP 53473 in New Zealand's Taranaki Basin
Tuesday, September 30, 2014 New Zealand Oil & Gas and Octanex relinquish petroleum exploration permit 53473 in the offshore Taranaki basin, New Zealand.
BSO Completes Sale of Otway Basin Permits PEP 167, 175, Re-engages CEO
Tuesday, September 30, 2014 Bass Strait Oil completes sale of Otway Basin permits PEP 167 and PEP 175, while re-engaging Steven Noske as CEO.
Dana Gas Successful in Bids for 2 Onshore Concessions in Nile Delta
Monday, September 29, 2014 Dana Gas succeeds in bidding for North El Salhiya (Block 1) and El Matariya (Block 3) onshore concessions in the Nile Delta, Eqypt.
Roc Oil Reports Oil Find at WA12-10-1 Well in Beibu Gulf Block 22/12
Monday, September 29, 2014 Roc Oil reports an oil discovery at WZ12-10-1 well in Beibu Gulf Block 22/12 offshore China.
Armour Energy Flows Gas at Egilabria 2 Well in ATP1087 in Queensland
Monday, September 29, 2014 Armour Energy flows gas at Egilabria 2 well in ATP1087 in north west Queensland, Australia.

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Production

Gulf Keystone Says Has Returned All Staff to Iraqi Kurdistan
Wednesday, October 01, 2014 Gulf Keystone Petroleum has returned all staff to its operations in Iraqi Kurdistan after evacuating international contractors from the region amid escalating violence in August.
Stalled Kashagan Hampers Kazakhstan's Oil Output Growth
Wednesday, October 01, 2014 Kazakhstan expects its oil production to stay around 2013 levels until 2016, when it hopes to restart the giant Kashagan oilfield halted by an industrial accident, a senior Kazakh official says.
Petronas Carigali Activates Topside Maintenance Contract Off Sabah Earlier
Wednesday, October 01, 2014 Petronas Carigali activates a topside maintenance services contract with Petra Resources for its Sabah operations offshore Malaysia eight months earlier than planned.
US FERC Approves Dominion's Cove Point LNG Export Facility
Tuesday, September 30, 2014 US federal regulators approve construction of Dominion Resources' liquefied natural gas export project in Cove Point, Maryland.
Maintenance At Shell North Sea Oil Rig To Resume After Accident
Tuesday, September 30, 2014 Maintenance at the Brent Alpha platform in the North Sea will resume after the completion of an operation to move a container that fell into the sea on Sunday evening, Shell says.
Israel's Leviathan Gas Field Group Submits $6.5B Development Plan
Tuesday, September 30, 2014 The partners in Leviathan, Israel's largest natural gas field, submit their initial development plan to Israeli authorities.
First Oil from Manora Project Offshore Thailand Delayed to October
Monday, September 29, 2014 Tap Oil reports that first oil from Manora Development in northern Gulf of Thailand is expected in the second half of October amid poor weather and delays in platform commissioning.
Shell Evacuates North Sea Platform After Container Drops Into Sea
Monday, September 29, 2014 Shell says it is evacuating non-essential staff from a North Sea oil platform after a container unit fell from a crane into the sea but caused no injuries.
Interra Commences Drilling at CHK 1194 Well in Myanmar's Chauk Oil Field
Monday, September 29, 2014 Interra Resources commences drilling development well CHK 1194 in Chauk oil field in Myanmar after completing work at CHK 1192 well as an oil producer.
Nexen: UK's Buzzard Oil Field Back Online, Ramping Up Over Coming Days
Monday, September 29, 2014 Britain's Buzzard oil field in the North Sea is back online and will continue to ramp up production over coming days, a spokeswoman for Nexen says.
Final Modules for GLNG's Plant Processing Units Delivered to Curtis Island
Friday, September 26, 2014 The GLNG project in Australia reaches key construction milestone as the final two modules for the plant's liquefied natural gas processing units arrive at Curtis Island, Queensland.

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Finance and Investing

SBI Raises $13M in Share Placement to Investors, Including Mirzan Mahathir
Wednesday, September 24, 2014 SBI Offshore raises $13 million through placing new shares with four investors, including Malaysian businessman Mirzan Mahathir.
Pakistan Seeks $815M In OGDC Share Sale, Biggest In 8 Yrs
Tuesday, September 23, 2014 Pakistan's government is seeking to raise about $815 million with the sale of shares in OGDC, the largest offering from a local company in almost eight years.
Energy & Exploration Partners Files For IPO Again
Friday, September 12, 2014 Energy & Exploration Partners Inc files with US regulators for an initial public offering of common stock.
Sea Trucks Secures $130M Facility to Finance Completion of Jascon 18 MCSV
Thursday, September 11, 2014 Sea Trucks secures a $130 million facility to finance completion of the Jascon 18 multipurpose construction support vessel, which is being outfitted in a shipyard in Singapore.
UAE's Dana Gas Gets $100M Financing For Gas Field Development
Tuesday, September 09, 2014 Dana Gas secures $100 million of financing to develop an offshore gas field in the north of the country, with the first gas production expected early next year.
Athabasca Raises Capital Budget, Says CEO To Retire
Monday, September 08, 2014 Athabasca Oil increases its capital budget for the year and said its chief executive of seven years would retire Sept. 30.

more Finance and Investing articles >>

Company Operations

Swire Takes Delivery of Pacific Legend PSV from JMUC in Japan
Wednesday, October 01, 2014 Swire Pacific Offshore takes delivery of the Pacific Legend platform supply vessel from Japan Marine United Corporation's Maizuru shipyard in Kyoto, Japan.
Vallianz Acquires Offshore Manpower Services Firm OER for $27.7M
Wednesday, October 01, 2014 Vallianz Holdings acquires Singapore-based OER Holdings, an offshore industry manpower services provider, for $27.7 million.
Linc Energy Names Craig Ricato as CEO to Succeed Peter Bond
Wednesday, October 01, 2014 Linc Energy names Craig Ricato as CEO to succeed Peter Bond who will become the company's executive chairman.
Lion Energy Updates on FY 2014, Including its Upstream Assets in Indonesia
Wednesday, October 01, 2014 Lion Energy provides update on 2014 financial year, including developments at its upstream assets in Indonesia.
LRE Releases Survey Findings on Innovation, Investment in O&G Sector
Tuesday, September 30, 2014 Lloyd's Register Energy releases the findings from an oil and gas survey to assess the impact of innovation and investment by operators in America, Europe and Asia.
Official: Indonesia's Pertamina Seeks US LNG Supply, Shale Equity
Tuesday, September 30, 2014 Pertamina is trying to secure a greater supply of liquefied natural gas from the United States and to buy into a shale gas producer there, the state oil and gas firm says.
Penspen Acquires DPS Engineering, Gains Access to FPSO Market in Asia
Tuesday, September 30, 2014 Penspen acquires the engineering division of DPS Group to grow its business, especially in the floating production storage and offloading construction market in Asia Pacific.
Ceri Powell: 21st Most Powerful Woman in Business on Fortune's Global List
Tuesday, September 30, 2014 Shell's Ceri Powell has been featured on Fortune Magazine's Most Powerful Women list, rising eight places to number 21 on the 2014 list.
DNV GL Opens New Office in Malaysia
Tuesday, September 30, 2014 DNV GL opens new office in Kuala Lumpur, Malaysia to meet growing demand in Asia.
ExxonMobil Extends OSV Charters with Alam Maritim for $23M
Tuesday, September 30, 2014 Alam Maritim receives a letter of extension from ExxonMobil for the charter of an accommodation barge/vessel and an anchor handling tug for $22.96 million.
Coastal Contracts Bags Deals to Supply Seven OSVs for $136M
Monday, September 29, 2014 Coastal Contracts bags deals to supply seven offshore support vessels for $135.73 million.

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