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Industry Headlines

Kemp: Forward Oil Prices Anchor Around $75
Friday, May 01, 2015 Market participants expect the price of Brent to average around $75 per barrel through the rest of the decade, not much above the current level.
North Dakota Still On Track For Oil Tax Break
Friday, May 01, 2015 The clock kept ticking in April on a suspension of North Dakota's oil extraction tax after a state-calculated average of the month's crude price fell below $52.59 per barrel for a fourth straight month.
US, Canada Unveil New Crude-By-Rail Rule
Friday, May 01, 2015 New safety rule on crude tank cars is coordinated through the US and Canada, likely to increase industry costs.
US Shale Firms Revive Hedging as Oil Rebounds, May Vex OPEC
Friday, May 01, 2015 US oil producers are rushing to take advantage of the rebound in oil markets by locking in prices for next year and beyond.
Flexibility is Key in Current Hiring Market
Friday, May 01, 2015 Diversifying the workforce during the downturn is essential. Here's how job seekers can set themselves apart.
Chevron Profit Drops But Beats Expectations on Refining Margins
Friday, May 01, 2015 Chevron reports a better-than-expected quarterly profit as cost cuts and strong refining margins help offset the impact of lower oil prices.
Outlook: Exploring the Next Generation of Oil, Gas Employees
Friday, May 01, 2015 Industry experts talk about the next generation of employees - exploring what kinds of candidates recruiters are looking for and how candidates can make themselves marketable.
Navigating the Oil, Gas Cycles
Friday, May 01, 2015 History has shown that just as a downturn is a natural part of this cyclical business, so is survival - for both companies and the people that drive them toward success.
Waiting for the Offshore Hiring Pendulum to Swing Back
Friday, May 01, 2015 Opportunities still exist for offshore pros, and here's how you can put yourself in a prime position when the next uptick begins.
Despite Current Economic Climate, Production in GOM is Projected to Rise
Friday, May 01, 2015 At a time when many operators are slowing down, activity in the Gulf of Mexico is moving full steam ahead, seemingly unfazed by a saturated oil market and poised to keep producing.
Oil Off 2015 Highs On Iraq Export Record, Strong Dollar
Friday, May 01, 2015 Oil prices ease off 2015 highs after Iraq says its crude oil exports hit a record in April, and on pressure from a stronger dollar.

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Exploration

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.
Shell Pushes on with Arctic Exploration as it Awaits US Permit
Thursday, April 30, 2015 Royal Dutch Shell pushes ahead with plans to explore for oil in the Arctic Ocean near Alaska in spite of opposition from environmental groups.
Energy Ministry Terminates Block VIb PSC in Georgia
Thursday, April 30, 2015 The Ministry of Energy terminates the production sharing contract over Block VIb in Georgia.
Exoma Finalizing Withdrawal from Queensland's Galilee JV Permits
Thursday, April 30, 2015 Exoma Energy is still finalizing withdrawal from the Galilee Joint Venture exploration permits in Queensland, Australia.
Shell Looks With 'Keen Interest' at Offshore Brazil Assets
Thursday, April 30, 2015 Shell will look with "keen interest" at any subsea deep water oil assets Petrobras puts up for sale, Chief Executive Officer Ben van Beurden says.
Falcon O&G and Partners Prepare for Drilling Program in NT's Beetaloo Basin
Thursday, April 30, 2015 Falcon Oil & Gas and partners prepare for a drilling program in the Beetaloo Basin permits in Australia's Northern Territory in mid-2015.

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Production

Drilling Test Results at Sumatra's Bunian-3 ST2 Well Better-Than-Expected
Monday, May 04, 2015 Cooper Energy reports better-than-expected results from drilling the Bunian-3 ST2 development well in Sukananti SKO in South Sumtara, Indonesia.
Enegi Signs Up Apollo to Marginal Field Consortium
Friday, May 01, 2015 Enegi Oil subsidiary ABTOG signs up Apollo Offshore Engineering as a partner to build technical solutions for developing marginal fields, but Wood Group PSN decides not to join the venture.
Azeri SOCAR Assumes Statoil's Pipeline Project Operating Rights
Friday, May 01, 2015 Statoil hands over its commercial operating rights over the gas-carrying South Caucasus Pipeline project to Azeri state energy firm SOCAR.
Hit to Indonesia's Oil and Gas Revenue Threatens Deficit, Crude Output
Thursday, April 30, 2015 Indonesia's oil and gas revenues are expected to drop by at least a third this year as a fall in production costs fails to keep pace with plunging oil prices and threatens to limit future output.
Eni Commences Production at Cinguvu Oil Field in Block 15/06 Off Angola
Thursday, April 30, 2015 Eni commences production at the Cinguvu oil field in Block 15/06 offshore Angola.
Kongsberg Maritime Lands Yinson Genesis FPSO Contract
Thursday, April 30, 2015 Kongsberg Maritime lands $26.6 million engineering services and technology contract for the Yinson Genesis floating production, storage and offloading vessel.
Indonesia's Medco Gets Additional 25 Years to Operate Oman Oil Fields
Wednesday, April 29, 2015 Indonesia's PT Medco Energi Internasional says its unit has signed an amended agreement which allows it to operate the Karim oil fields in Oman for an additional 25 years.

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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.

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Company Operations

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.
TransCanada Profit Lifted By US Pipeline Operations
Friday, May 01, 2015 TransCanada reports a 10% rise in comparable earnings, helped by the positive impact of a stronger US dollar on its US pipeline operations and profits at its power businesses.
Services Firm Cape Secures 500 Jobs with New BP Contract
Friday, May 01, 2015 Oilfield services firm Cape secures 500 jobs with a new $154-million, two-year contract to service North Sea assets owned by BP.
Saudi Arabia Restructures Oil Giant Aramco
Friday, May 01, 2015 Saudi Arabia is restructuring the world's biggest energy company, Saudi Aramco, in a move apparently aimed at letting it operate more at arm's length from the powerful oil ministry.
TAQA Appoints Grant Gillon as Acting CFO
Thursday, April 30, 2015 Abu Dhabi-based TAQA appoints Grant Gillon as its acting chief financial officer.
Spain's Repsol Expects to Close Talisman Acquisition on May 8
Thursday, April 30, 2015 Spanish oil firm Repsol expects to close the acquisition of Canada's Talisman Energy on May 8.
Whiting Would Add Rigs If Oil Prices Hit $70 Per Barrel
Thursday, April 30, 2015 Whiting Petroleum plans to keep 11 drilling rigs operating through 2016, though it would add "a couple of rigs" if crude prices rise to $70 a barrel, its chief executive says.

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Brent Crude Oil : $66.46/BBL 0.34%
Light Crude Oil : $59.15/BBL 0.80%
Natural Gas : $2.78/MMBtu 1.09%
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