Industry Headlines

OTC 2015: Israel to Resolve Disagreement with Noble within 2 Months
Wednesday, May 06, 2015 An Israeli government official tells Rigzone that the country will soon resolve its issue with Noble Energy concerning ownership rights over the giant Leviathan gas field.
Working for Asian National Oil Companies - An Attractive Choice?
Wednesday, May 06, 2015 With job security a major preoccupation for most Asian employees in the current downturn, NOCs appear to be an attractive employment option.
OTC 2015: An 'Uncertain' Time for Scotland's Offshore Industry
Wednesday, May 06, 2015 The head of oil and gas for Scottish Development International tells Rigzone it's been a difficult time for Scotland's oil and gas sector, but plenty of international opportunities for Scottish firms remain.
OTC 2015: Developing a Safety Culture in Offshore Operations
Wednesday, May 06, 2015 Specialists in offshore safety operations share best practices with attendees at the 2015 Offshore Technology Conference.
OTC 2015: Rigzone Talks to Sky Futures' Co-Founder about Drones in Oil, Gas
Wednesday, May 06, 2015 Sky Futures Co-Founder Chris Blackford discusses the benefits of using drones for the inspection of oil and gas assets.
Surviving the Downturn in Drilling
Wednesday, May 06, 2015 A closer look at how drilling professionals can survive the current market.
2015 O&G Global Hiring Trends: Candidates Proceed with Caution
Wednesday, May 06, 2015 Rigzone takes a closer look at the industry's thoughts on the current hiring market.
Oil Hits 2015 Peak After First US Crude Drawdown Since January
Wednesday, May 06, 2015 Oil prices hit 2015 peaks amid the first drawdown in US crude inventories since January, before settling off their highs as investors and traders move to take profits on a multi-week rally.
Private Equity Seeks Solace in Midstream amid Oil Price Slump
Wednesday, May 06, 2015 Despite volatile market conditions, private equity firms are still raising and offering millions of dollars in capital investment to midstream entities that haven't been affected by the crude price slump.



Cuba Insists It Has Oil; US Companies Still Uninterested
Wednesday, May 06, 2015 Cuba unveils new data confirming billions of barrels of oil beneath its Gulf of Mexico waters but admits there is little interest in new exploration.
Official: Anadarko To Participate In Bulgarian Offshore Tender
Wednesday, May 06, 2015 Anadarko Petroleum plans to take part in tenders for deepwater gas and oil exploration in Bulgaria's Black Sea waters, a Bulgarian senior official says.
Qatar Invites Oil Firms To Bid For Al-Shaheen Field In Blow To Maersk
Wednesday, May 06, 2015 Qatar Petroleum says it has invited international oil and gas companies to compete to operate and develop its Al-Shaheen oilfield from mid-2017.
Otto Energy Secures Maersk Venturer Drillship Contract
Tuesday, May 05, 2015 Otto Energy secures Maersk Venturer drillship for the Hawkeye-1 exploration well in Service Contract 55 offshore Palawan, the Philippines.
Santos Finds Wet Gas at Emery-1 Prospect in PEL 513 in Cooper Basin
Tuesday, May 05, 2015 Santos discovers wet gas at the Emery-1 exploration well in PEL 513 on the Western Wet Gas Fairway of the Cooper Basin, Australia.
Lamprell Delivers Newbuild Jackup Butinah to NDC
Monday, May 04, 2015 Lamprell delivers newbuild Butinah jackup to Abu Dhani's National Drilling Co. within budget.
Baker Hughes: US Weekly Oil Rig Count Decline Slows
Friday, May 01, 2015 The fall in the US oil rig count slowed this week, data shows, suggesting the collapse in drilling may be coming to an end as prices recover after falling 60% from June to March.



OTC 2015: SBM Talks to CNOOC about Lingshui Gas Production Facility
Wednesday, May 06, 2015 SBM Offshore holdings talks with CNOOC to supply a semisubmersible production for the Lingshui 17-2 gas field development in South China Sea.
Occidental Petroleum Boosts 2015 Production Outlook
Wednesday, May 06, 2015 Occidental Petroleum Corp boosts its 2015 production forecast after reporting an adjusted quarterly profit in line with expectations as cost cuts helped balance the recent drop in oil prices.
Lundin Petroleum Beats Profit Forecasts, Confirms Output Targets
Wednesday, May 06, 2015 Lundin Petroleum reports better than expected first-quarter core profit and says it is on track to boost output significantly by the end of 2015.
OTC 2015: Indonesia to Decide Mahakam Transit Deal, MEMR O&G Top Post Soon
Tuesday, May 05, 2015 Indonesia expects a transit deal for the Mahakam block off East Kalimantan to be sewn up later this month, a top Ministry of Energy and Mineral Resources official says.
Wintershall To Spend $2B To Develop Norwegian Oil Field
Tuesday, May 05, 2015 BASF subsidiary Wintershall and its partners will spend $2 billion to develop the Maria oil and gas field in the Norwegian Sea, the oil ministry says.
Noble Energy Boosts 2015 Production Forecast
Tuesday, May 05, 2015 Noble Energy boosts its 2015 production forecast, citing cost cuts and technical improvements after reporting a better-than-expected adjusted profit.


Finance and Investing

Polish Billionaire Kulczyk Puts Stake In Ophir Energy On Market
Wednesday, April 29, 2015 Poland's richest man, Jan Kulczyk, has put his 8% stake in Ophir Energy on the market, bookrunner JP Morgan Securities said in a statement.
Argentina's YPF Sells $1.5B Of Bonds, Tripling Sale
Thursday, April 23, 2015 YPF says it sold $1.5 billion of new 10-year bonds at 8.5%, raising its planned issuance from $500 million on the back of strong demand.
CEO: Petrobras Spending To Be Gauged Based On Cash Flow
Tuesday, April 28, 2015 Petroleo Brasileiro will determine future capital spending plans depending on the oil producer's ability to generate cash and obtain fresh financing, CEO Aldemir Bendine says.
Petrobras Takes $17B Charge In Wake Of Scandal, Promises 'Normality'
Thursday, April 23, 2015 Petrobras reports its biggest-ever loss, the result of a $16.8 billion write-down in the wake of a massive corruption scandal.
Sources: Argentina's YPF Wants To Issue New 10-Yr Bond
Wednesday, April 22, 2015 YPF wants to issue a new 10-year bond which it could price close to 8.75%, banking sources told Thomson Reuters publication IFR, a day after a sovereign bond auction met with strong demand.
BG to Alter Financial Reporting to Reflect Brazil, Australia Growth
Tuesday, April 21, 2015 Gas producer BG Group plans to adjust its financial reporting to better reflect the growing importance of its Brazilian and Australian operations.


Company Operations

OTC 2015: Controlling Costs and Enhancing Worker Safety
Wednesday, May 06, 2015 How can an oil and gas company address the need to control costs during a downturn while maintaining productivity and, most importantly, a high level of worker safety?
OTC 2015: ABS Launches New Asset Integrity Management Service
Wednesday, May 06, 2015 Marine technical services firm ABS Group releases a new offshore Asset Integrity Management service focused on driving profitability for asset owners and operators.
Continental Resources Quarterly Loss Less Than Expected
Wednesday, May 06, 2015 Continental Resources posts a quarterly loss that was less than Wall Street had expected as cost cuts helped offset low oil prices.
Gulf Marine Produced 'Solid Performance' during 1Q 2015
Wednesday, May 06, 2015 Oilfield support vessel provider Gulf Marine Services is currently trading in line with expectations after producing a 'solid performance' during 1Q 2015.
FMC Technologies, Total Ink Frame Agreement for Technology Development
Wednesday, May 06, 2015 FMC Technologies and Total signed a Frame Agreement for technology development May 5.
Mercer Surveys What Oil, Gas Employees Value
Wednesday, May 06, 2015 Mercer recently fielded a survey of nearly 1,800 oil and gas employees about their preferences and satisfaction with total rewards in the context of the industry's current environment.
Driller Rowan's Profit Beats On Deployment Of 3 New Rigs
Wednesday, May 06, 2015 Driller Rowan reports higher-than-expected quarterly profit and revenue, helped by the deployment of three new ultra-deepwater rigs.
Husky Energy Profit Plunges 71% Due To Weak Oil Prices
Wednesday, May 06, 2015 Husky Energy reports a 71% drop in quarterly profit, hurt by weak oil and gas prices.



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