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Monday, May 20, 2013 - A crude-by-rail terminal under development near Philadelphia could become an East Coast oil trading hub.
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Industry Headlines

US Judge Dismisses Obstruction Charge Against Former BP Executive
Tuesday, May 21, 2013 A federal judge has dismissed a criminal charge against a former BP executive that alleged he tried to obstruct a Congressional investigation into the Deepwater Horizon incident by lying about the amount of oil flowing from the well.
Five US States Help Boost US Oil Production
Tuesday, May 21, 2013 Five US states besides Texas and North Dakota make a significant contribution to the growth in US oil production.
Shell CEO: No Adverse Findings by EU Probe
Tuesday, May 21, 2013 Shell CEO says that the EU probe into oil price manipulation has made no adverse findings against the company.
Chesapeake to Aid Tornado Relief Efforts in Oklahoma
Tuesday, May 21, 2013 Chesapeake announces it will make a cash donation of $1M to the American Red Cross to be used in the rescue and recovery efforts to aid the victims of the devastating tornadoes that hit Moore, Oklahoma.
New York Landowners Sue Norse Energy USA Over Leases
Monday, May 20, 2013 Eighty-nine New York landowners who once agreed to let Norse Energy drill for natural gas on their property have filed a lawsuit against the struggling company.
Could Philadelphia Become 'Cushing East'?
Monday, May 20, 2013 A crude-by-rail terminal under development near Philadelphia could become an East Coast oil trading hub.

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Exploration

Wingat-1 Well Disappoints
Tuesday, May 21, 2013 Galp Energia reports that Wingat-1 exploration well, offshore Namibia, has failed to find commercial oil.
Kosmos Comes Up Dry Onshore Cameroon
Tuesday, May 21, 2013 Kosmos Energy fails to find commercial hydrocarbons at its Sipo-1 exploration well, onshore Cameroon.
Noble Energy Sings Praises for Carla Well
Tuesday, May 21, 2013 Noble and partners sidetrack the Carla discovery in Block I offshore Equatorial Guinea.
Roxi Reports Further Success at Well 806
Monday, May 20, 2013 Roxi Petroleum says Well 806 on its BNG contract area, onshore Kazakhstan, has yielded 130 barrels of oil per day over a two-day period from a second interval.
Jubilant Spuds 4th Well at Kharsang
Monday, May 20, 2013 Jubilant Energy spuds fourth well in its drilling campaign to extend the Kharsang field, onshore India, and reports the successful testing for oil at the campaign's second well.
Kosmos Wraps Up Ndian River Block Campaign
Monday, May 20, 2013 Kosmos Energy Ltd. announces results from the Sipo-1 exploration well onshore Cameroon.

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Production

Det norske Starts Production at Jette
Tuesday, May 21, 2013 Det norske oljeselskap reports its first production as an operator after the start up of its Jette field in the North Sea.
Talisman Brings HST, HSD Development Online
Monday, May 20, 2013 Eighteen months after receiving project sanction, Talisman Energy brings the HST, HSD project online.
Santos Starts Up Production at Fletcher Finucane Offshore AU
Monday, May 20, 2013 Santos commences oil production on an Australian development ahead of schedule.
Oceaneering Bags Saipem Gig Offshore Egypt
Monday, May 20, 2013 Oceaneering International secures a contract from Saipem to supply umbilicals for the Burullus West Delta Deep Marine Phase IXa development.
Statoil Sets Eyes on GOM to Help Increase Production Growth
Friday, May 17, 2013 With a worldwide presence, Statoil has an ambitious goal to boost its production output by 2020 with a large amount of that coming from the United States.
OMV Petrom to Redevelop Oprisenesti Field
Friday, May 17, 2013 Romania?s OMV Petrom plans to invest $116 million this year to redevelop Oprisenesti oil field.

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Finance and Investing

Warren Resources Increases 2013 Capex
Monday, May 20, 2013 Warren Resources, Inc. announces it is increasing its 2013 capital expenditure budget to $73 million.
Moller-Maersk Net Profit Falls, Demand to Stay Subdued
Friday, May 17, 2013 Moller-Maersk posts a smaller-than-expected drop in first-quarter net profit, supported by increased freight rates and efficiency measures at its main shipping unit.
Apache Shareholders Don't Approve Executive Compensation
Thursday, May 16, 2013 Apache shareholders didn't approve the energy company's executive compensation plan for 2012 at its annual meeting, making their displeasure with the company's performance known.
Petrobras Launches Sale of Bonds to Raise $11 Billion
Monday, May 13, 2013 Petrobras begins its enormous 2013 financing campaign with one of the largest bond issues this year.
Apache 1Q Profit Falls 10% Amid Weak Commodity Prices
Thursday, May 09, 2013 Apache's first-quarter earnings fell 10% on lower commodity prices as the oil-and-gas explorer and producer also unveiled a plan to divest itself of $4B in assets by year's end.
QEP Resources Spinoff Files Public IPO Plans
Thursday, May 09, 2013 QEP Resources Inc.'s newly formed master limited partnership has filed for an initial public offering worth up to $400 million.

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Company Operations

Colorado, Indonesia Schools Win Schlumberger Scholarships
Tuesday, May 21, 2013 Schlumberger announces its contribution of five scholarships to the American Association of Petroleum Geologists' (AAPG) Outstanding Student Chapter Awards.
Europa Gives Up Romanian and African Licenses
Tuesday, May 21, 2013 Europa says it is relinquishing licenses in Romanian and the Saharawi Arab Democratic Rebublic to focus on projects in Western Europe.
Shake Up Among Kuwaiti Oil Executives
Monday, May 20, 2013 Kuwait Petroleum Corporation gets new Chief Executive and a reshuffle of oil executives takes place at KPC subsidiaries.
Egypt Appoints New Chief of State Oil Firm
Monday, May 20, 2013 Egypt appoints Tarek El-Barkatawy as Chief Executive of Egyptian General Petroleum Corporation.
Bureau Veritas Selected as SEMS Audit Service Provider for COS
Monday, May 20, 2013 Bureau Veritas Certification announced its provisional accreditation as an official SEMS Audit Service Provider for the Center for Offshore Safety (COS).
Bolttech Mannings Increases Presence in Canada with Latest Acquisition
Friday, May 17, 2013 Bolttech Mannings signs an agreement to acquire Alberta-based Red Flame Industries Inc.

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