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Friday, October 31, 2014 - The oil and gas industry needs a marriage of data-driven analytics and the first principles concept of engineering, an industry expert and author tells Rigzone.
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Industry Headlines

Exxon, Chevron Results Boosted by Refining as Oil Prices Slip
Friday, October 31, 2014 A surge in refining profits boosts quarterly results at Exxon Mobil and Chevron.
Total's New boss Says Europe Must Fight Export Ban US Oil
Friday, October 31, 2014 Total's new CEO says the US oil export ban flouts free-trade agreements and puts European and Asian refiners at a disadvantage.
Indonesia's New Energy Chief Seeks to Shore Up Regulator
Friday, October 31, 2014 Appointing a permanent leadership at Indonesia's graft-tainted energy regulator will be a top priority for the new government of Southeast Asia's largest oil producer, the energy and mineral resources minister says.
Wood Mackenzie: Thailand's Upstream Outlook at Risk from Fiscal Reforms
Friday, October 31, 2014 Wood Mackenzie discusses how the calls for tougher fiscal policies in Thailand may risk future exploration activity in the country.
Total's New Boss Says Europe Must Fight US Oil Export Ban
Thursday, October 30, 2014 The new head of Total challenged Europe to fight Washington over the US oil export ban, in his first public appearance since his predecessor.
EMAS Offshore Switches Gears from Leased FPSO to EPC Business
Thursday, October 30, 2014 EMAS Offshore changes tack in its floating production business by targeting engineering, procurement and construction contracts instead of focusing on leasing deals.

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Exploration

Global Petroleum Sees Progress with Licenses
Friday, October 31, 2014 Global Petroleum presses on with license renewals and applications offshore Italy, East Africa and West Africa.
CGG Secures 3D Seismic Contract for WA's Offshore Permit WA-503-P
Friday, October 31, 2014 CGG secures 3D seismic contract from Neon Energy for exploration permit WA-503-P offshore Western Australia.
Karoon Plans $150M Brazil Oil Well Drilling Plan, Seeks Partner
Friday, October 31, 2014 Karoon Gas Australia is trying to sell a stake in its Brazilian offshore oil-exploration blocks as it plans to start a $120 million to $150 million drilling program, its top South American executive says.
Exoma Energy Withdraws from Galilee JV Exploration Permits in Queensland
Friday, October 31, 2014 Exoma Energy withdraws from the Galilee Joint Venture exploration permits in Queensland, Australia.
Seabird's Hawk Explorer Lands $12M Seismic Survey Contract in Asia Pacific
Friday, October 31, 2014 Seabird's Hawk Explorer vessel lands a $12 million contract for 2D seismic survey in Asia Pacific.
Seadrill's West Telesto to Drill Sea Lion Prospect in VIC/P57 Off Australia
Thursday, October 30, 2014 Hibiscus Petroleum's unit contracts Seadrill's West Telesto jackup to drill the Sea Lion prospect in permit VIC/P57 offshore Australia.

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Production

Oilex Progresses Proof of Concept Objectives for Cambay-77H Well in Gujarat
Friday, October 31, 2014 Oilex makes progress in achieving the proof of concept objectives for Cambay-77H well in Gujarat, India.
Eni Sticks to Production Guidance after 3Q Slowdown
Thursday, October 30, 2014 Italy's Eni reiterates its full-year production outlook as its third-quarter net profit increases 2.5 percent.
AWE, Santos Progress Development of Indonesia's Ande Ande Lumut Project
Thursday, October 30, 2014 AWE and Santos progress development work for the Ande Ande Lumut oil project offshore Indonesia.
Petronas Carigali Extends BW Offshore's Contract for FPSO Berge Helene
Thursday, October 30, 2014 Petronas Carigali's unit extends BW Offshore's contract for FPSO Berge Helene for two years.
Whiting Profit Beats Street As North Dakota Output Jumps
Wednesday, October 29, 2014 Whiting Petroleum posts a higher-than-expected quarterly profit as production rises 33% at its North Dakota wells.
Indonesia Says Chevron Gas Project Set Back by Up to 2 Years
Wednesday, October 29, 2014 The target for full operation of the Indonesia Deepwater Development gas project has been delayed by up to two years to around 2020, a senior official says, reducing the country's prospects of remaining a major gas exporter.

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Finance and Investing

Exxon Sticking With Capex Budget Around $37 Billion
Friday, October 31, 2014 The recent slide in crude oil prices is not affecting ExxonMobil's plans to spend $37 billion over the next several years.
Drillsearch Completes Acquisition of Ambassador Oil & Gas
Tuesday, October 28, 2014 Drillsearch completes compulsory acquisition of the outstanding shares in Ambassador Oil & Gas.
BP Posts Slump In Russian Income But Raises Dividend
Tuesday, October 28, 2014 BP increases dividends for its third quarter as it sees a jump in operating cash flow.
Chesapeake Oilfield Services Pulls IPO Plans
Friday, October 24, 2014 Chesapeake Oilfield Services says it would withdraw its plans for an initial public offering.
EMAS Offshore Posts 39.3% Increase in Net Profit for FY 14 to $54.7M
Thursday, October 23, 2014 Ezra Holding's subsidiary EMAS Offshore posts a four-fold increase in net attributable profit for financial year that ended Aug. 31.
6 Mistakes to Avoid When Investing in Natural Gas
Wednesday, October 22, 2014 Unfortunately, there's no way to know what the future will bring, but there is a way to maximize your chances of investing success. Check out these six mistakes to avoid when you invest in natural gas.
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".

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Company Operations

Baker Hughes Launches SeismicTrak
Friday, October 31, 2014 Oilfield services firm Baker Hughes launches its SeismicTrak seismic-while-drilling service.
Songa Completes $1.1B Loan Deal to Finance Rigs
Friday, October 31, 2014 Songa Offshore says it has completed the signing of a $1.1 billion credit facility to finance its last two Category D drilling rigs.
Centrica Continues Boardroom Reshuffle with New British Gas Head
Friday, October 31, 2014 Centrica is to promote its current managing director of British Gas residential energy to head its entire British Gas business.
Sinopec Eyes Shale Boost, Debt Reduction with $17.5B Stake-Sale Cash
Friday, October 31, 2014 Asia's largest oil refiner Sinopec aims to use part of $17.5 billion in proceeds from a stake sale to boost shale gas production and lower debt.
FEEC Further Extends Maturity Date of Loan Facility with SCB
Friday, October 31, 2014 Far East Energy Corp., operator of Shouyang coalbed methane block in China's Shanxi province, further extends the maturity date of its existing loan facility with Standard Chartered Bank.
Afren Evaluating Restatement of Accounts; Output Falls
Thursday, October 30, 2014 Independent oil firm Afren is looking at restating its historic financial information after the completion of an independent accounting review of unauthorized payments.

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