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Tuesday, March 03, 2015 - Industrial radio technology can help cut through the noise at oil and gas exploration and production sites as the industry employs more wireless systems.
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Industry Headlines

Obama Administration Should Abide By 'All of the Above' Approach to Energy
Tuesday, March 03, 2015 IAGC President Ken Wells calls on the Obama Administration to truly commit to an "all of the above" energy policy.
Brazil Plans New Oil-Rights Auction In The Second Half
Tuesday, March 03, 2015 Brazil plans to hold its 13th round auction of oil and natural gas exploration and production rights in the second half of 2015, Mines and Energy Minister Eduardo Braga says.
Industrial Radio Cuts through Noise of Digital Oilfield
Tuesday, March 03, 2015 Industrial radio technology can help cut through the noise at oil and gas exploration and production sites as the industry employs more wireless systems.
Official: Libyan Forces Hit Oil Ports with Air Strikes, Minor Damage
Tuesday, March 03, 2015 A warplane belonging to forces controlling the Libyan capital Tripoli bombs the oil ports of Ras Lanuf and Es Sidra, causing minor damage.
India Widens Oil Leaks Probe to Defence Ministry; Security Concerns Grow
Tuesday, March 03, 2015 India widens an investigation into leaks of confidential documents from its oil ministry to include the defence ministry, raising fears that other secrets vital to national security may have fallen into the wrong hands.
Alaska Environmental Officials Investigating Oil Line Leak
Tuesday, March 03, 2015 Investigators are reviewing the cause of an oil production pipeline breach on Alaska's North Slope where upwards of 4,000 gallons (15,100 liters) of fluid spilled, state officials says.
Clock Ticks Toward North Dakota Reaping Up To $5.3B Oil Tax Break
Tuesday, March 03, 2015 The clock is still ticking on a potential $5.3B, 2-year tax break for North Dakota's oil industry after a state-calculated average of February's crude price fell below $52.59 per barrel last month.
Oil Up As Netanyahu Blasts Iran In Speech; Libyan Forces Fight
Tuesday, March 03, 2015 Oil rebounds as Israeli PM Netanyahu warns the Obama administration against accepting a weak nuclear deal with Iran, and rival Libyan forces target oil terminals in the African nation.

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Exploration

Drombeg Prospect Suggests Large Deep-water Fan System
Tuesday, March 03, 2015 Providence Resources says an initial evaluation of seismic data acquired over its Drombeg prospect offshore Ireland reveals morphologies that are consistent with a large deep-water fan system.
Eirik Raude Rig Arrives Ahead of Falklands Drill
Tuesday, March 03, 2015 Rockhopper Exploration says the Eirik Raude rig will shortly move onto location to drill the first well on the Zebedee prospect, north of the Falkland Islands.
Forum Energy to Stop Exploration Work at SC 72 Due to Philippine-China Spat
Tuesday, March 03, 2015 The Philippine Department of Energy orders Forum Energy to suspend exploration work at Service Contract 72 as the acreage falls within the area of a territorial dispute between the Philippines and China.
Mosman Finds Further Traces of Oil at Crossroads-1 Well in New Zealand
Tuesday, March 03, 2015 Mosman Oil and Gas finds further evidence of oil at Crossroads-1 well in Petroleum Creek permit in New Zealand.
Pan Orient Energy Abandons Thailand's L53-ANC1 Well as Dry Hole
Tuesday, March 03, 2015 Pan Orient Energy plugs and abandons the onshore L53-ANC1 prospect in Concession L53 in Thailand after disappointing drilling results.
CGG Commences Mutli-client Survey in Northern Carnavon Basin off WA
Tuesday, March 03, 2015 CGG commences acquisition of Davros multi-client survey in the Northern Carnarvon Basin on the North West Shelf of Western Australia.

more Exploration articles >>

Production

Gas Flows from 3rd Interval of Wressle-1 Well
Tuesday, March 03, 2015 Egdon Resources reports that gas has flowed at 1.7 million cubic feet per day from the Penistone Flags interval of the Wressle-1 well, onshore UK.
EWC Expects Sengkang LNG Project in Sulawesi to Start-up Later This Year
Tuesday, March 03, 2015 Energy World Corp. expects the Sengkang liquefied natural gas project in South Sulawesi, Indonesia to commence operations before the end of 2015.
Tethys, PetroChina Ink MOU to Explore Kazakhstan's Oil, Gas Sales to China
Tuesday, March 03, 2015 Tethys Petroleum inks memorandum of understanding with PetroChina to explore ways of exporting crude oil and gas from Kazakhstan to China.
Brazil Oil, Gas Output Above 3 Million Barrels A Day For Second Month
Tuesday, March 03, 2015 Brazil produced more than 3 million barrels of oil and equivalent natural gas a day for the second straight month, 20% more than a year earlier.
Qatar Petroleum Awards McDermott North Field Alpha Contract
Monday, March 02, 2015 McDermott International is awarded a large project for a new jacket, temporary deck and replacement umbilical by Qatar Petroleum for the North Field Alpha gas development, offshore Qatar.
Norway's Offshore Knarr Field to Deliver Gas to Britain
Monday, March 02, 2015 A small field offshore Norway, Knarr, will start delivering gas to Britain via a new pipeline link this spring.

more Production articles >>

Finance and Investing

Woodside to Issue $1B in Corporate Bonds
Friday, February 27, 2015 Woodside to issue $1 billion in corporate bonds to help fund its capital and exploration expenditure program.
Icahn Posts Loss As Fund Hit In 2014 By Oil Plunge
Friday, February 27, 2015 Billionaire Carl Icahn's publicly traded investment fund posted a loss in 2014, undone by plummeting oil prices, the company says in a regulatory filing.
Oil Hedge Helps Oando Prepay Debt After ConocoPhillips' Deal
Tuesday, March 03, 2015 Oando has prepaid $238 million out of the $753 million it borrowed to part finance the acquisition of ConocoPhillips' Nigerian oil and gas business, the company says.
Vallianz Posts Net Record Profit of $20.4M in 2014, Lifted by OSV Segment
Wednesday, February 25, 2015 Vallianz Holdings' net profit rises to a record $20.4 million in 2014, almost twice the $10.3 million from a year ago, with the gains due mainly to contributions from its offshore support vessel chartering operations in the Middle East.
C. Bank Governor: Low Oil Prices To Hit Investment In Uganda's Oil Sector
Wednesday, February 25, 2015 The sharp drop in oil prices will likely slow down the flow of investment capital tied to Uganda's emerging hydrocarbons industry, and hurt economic growth, the country's central bank governor says.
Transocean Shares Poised For Big Move After Results
Tuesday, February 24, 2015 Transocean shares are expected to move about 8% in either direction following its earnings results.
Activist Investors Dig Deep In Energy Company Bets
Thursday, February 19, 2015 Elliot Management and Omega Advisors are among activist hedge funds buying stakes in North American oil and gas producers whose stock has fallen because of weaknesses exposed by the collapse of energy prices.

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Company Operations

Anadarko Petroleum Cuts '15 Capital Expenditures By A Third
Tuesday, March 03, 2015 Anadarko says it would reduce spending by about 33% this year, as it responds to lower crude oil prices.
Sources: In OMV poker, CEO Roiss Might Stay beyond June Exit Deadline
Tuesday, March 03, 2015 Gerhard Roiss, chief executive of Austrian energy group OMV, might stay on beyond a June deadline that cut his original contract short.
Nabors Swings To Loss In 4Q As Drilling Activity Slows
Tuesday, March 03, 2015 Nabors swung to a quarterly loss, hurt by a fall in drilling activity amid a slump in global crude prices.
Russia's Lukoil Says 2014 Net Income Down 39%, Misses Forecast
Tuesday, March 03, 2015 Russia's second-largest oil producer Lukoil reveals that its net income fell 39 percent last year due to weaker oil prices.
Emas Offshore Extends Charters with Perisai's Subsidiary for 3 OSVs
Tuesday, March 03, 2015 Perisai Petroleum's subsidiary secures a two year extension to the bareboat charters from Emas Offshore for three of its offshore support vessels.
Russia's Gazprom Neft Says 2014 Net Profit Down 32%
Monday, March 02, 2015 Gazprom Neft sees its net profit decline 32 percent to $2 billion due to a weaker rouble.
Keppel FELS on Track to Deliver its 100th Newbuild Jackup to PV Drilling
Monday, March 02, 2015 Keppel FELS is on track to deliver its 100th newbuild jackup PV Drilling VI to Vietnam's PV Drilling.

more Company Operations articles >>