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Thursday, April 17, 2014 - Shell makes a deepwater gas discovery at Rosmari-1 exploration well in Block SK318 offshore Sarawak, Malaysia.
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Industry Headlines

Shell Commited To Russia Expansion Despite Sanctions
Friday, April 18, 2014 President Vladimir Putin pledges to support Shell's Russia expansion plans at a meeting with the company's chief executive Ben van Beurden.
Minister: Oil, Gas Firms Committed To Russia Despite Sanctions
Friday, April 18, 2014 Russian and international majors are cooperating as usual despite sanctions imposed over Ukraine and Russia's South Stream pipeline project is going ahead, Energy Minister Alexander Novak says.
Athabasca Sells Stake In Oil Sands Project To Partner PetroChina
Thursday, April 17, 2014 Athasbasca exercises an option to sell its 40% stake in the planned Dover oil sands project to its partner PetroChina for $1.20B after the project received final approvals.
Ex-BP Employee Settles SEC Insider-Trading Oil Spill Case
Thursday, April 17, 2014 A former 20-year veteran of BP who oversaw the company's cleanup efforts from the Deepwater Horizon oil spill will pay more than $224,000 to settle civil charges.
Baker Hughes Profit Rises as North American Margins Improve
Thursday, April 17, 2014 Baker Hughes posts better-than-expected results as revenue in its core North American business rose nearly 7%, sending its shares up about 4% in premarket trading.
The Link Between Energy Security and Foreign Policy Options
Thursday, April 17, 2014 Global energy security offers both challenges and foreign policy opportunities, industry leaders say.
Kazakhstan Disappointed Over Kashagan Setback, But Signals Breather
Thursday, April 17, 2014 Kazakhstan's oil and gas minister says he was disappointed over the slow development of the giant Kashagan oilfield, but sees no legal reasons to put pressure on the consortium.
Oil Output In South Sudan's Unity State Delayed By Fighting
Thursday, April 17, 2014 A new bout of fighting in South Sudan's oil-producing Unity state will delay the resumption of output in the region, a senior oil ministry official says.
Oil Tops $104 On Ukraine Fears
Thursday, April 17, 2014 The price of oil rises past $104 per barrel on worries over the upheaval in Ukraine.

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Exploration

Providence Offered Upgrade to its Newgrange Licensing Option
Thursday, April 17, 2014 Providence Resources is offered the opportunity to convert its Newgrange licensing option, offshore Ireland, into a Frontier Exploration Licence.
Total Discovers Oil Offshore Ivory Coast
Thursday, April 17, 2014 Total finds 130 feet of net oil pay in a deep-water well off the Ivory Coast.
Gardline CGG Wins Asia Pacific Seismic Survey, Geochemical Sampling Deals
Thursday, April 17, 2014 The Gardline CGG joint venture wins three seismic survey and geochemical sampling contracts from companies in Australia and Southeast Asia.
Shell Finds Gas at Rosmari-1 Well in SK318 Offshore Malaysia
Thursday, April 17, 2014 Shell makes a deepwater gas discovery at Rosmari-1 exploration well in Block SK318 offshore Sarawak, Malaysia.
Oil Search Provides Update on Taza 2 Drilling in Kurdistan, Iraq
Thursday, April 17, 2014 Oil Search provides an update on drilling at the Taza 2 well in Kurdistan, Iraq.
Ophir Gets Formal Approval to Farm-in to WHL's Offshore Seychelles Block
Wednesday, April 16, 2014 WHL Energy reveals that the Seychelles government has formally approved Ophir Energy's farm-in to its offshore Seychelles exploration project area.

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Production

Technip Bags Kaombo Umbilical Gig Offshore Angola
Friday, April 18, 2014 Technip has been awarded a large lump-sum contract by Total E&P Angola for the umbilical system part of the Kaombo project.
Russia Ships First Oil From Disputed Offshore Arctic Platform
Friday, April 18, 2014 President Putin hails Russia's first shipment of Arctic offshore oil, saying the platform decried by environmentalists will help Moscow expand its global energy markets share.
Santos Revenue Grows as Projects near Completion
Thursday, April 17, 2014 Higher oil sales offset flat production returns to bolster Australian company Santos' quarterly results.
Eni, Ukraine Agree On Need To Increase Gas Production
Thursday, April 17, 2014 Eni's Poalo Scaroni and Ukraine's energy minister agree on the need to increase gas production in the country, which is at the center of escalating tensions with Russia.
Partners in Israel's Leviathan Field Bid to Sell Gas to Cyprus
Thursday, April 17, 2014 The partners developing Israel's offshore Leviathan natural gas field are looking to sell gas through a pipeline to Cyprus, officials say.
Hallin Supports Subsea 7 in Offshore Installation Work in Bay of Bengal
Thursday, April 17, 2014 Hallin Marine provides installation support for Subsea 7 on a subsea field development project in the Bay of Bengal offshore India.
Italy's Eni Invites Design Proposals for Mozambique LNG Plant
Thursday, April 17, 2014 Eni invites interested companies to put forward design proposals for a floating liquefied natural gas (LNG) plant in Mozambique.
Oil Minister: Restart Of Libya's Oil Output Hard To Predict
Wednesday, April 16, 2014 Libya's oil minister says there was no clear timetable for the resumption of steady oil output as an end to the stand-off with rebels could still falter.

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Finance and Investing

Malaysia's Hong Leong Subscribes for $155M New Shares in Ezion
Wednesday, April 16, 2014 Ezion Holdings announces that two subsidiaries of Malaysia's Hong Leong Company will each subscribe for 50 million new ordinary shares in the firm for approximately $155 million.
Seadrill Sells 4% Interest in SapuraKencana for $300M, Still Holds 8% Stake
Thursday, April 10, 2014 Seadrill sells 4% stake in SapuraKencana Petroleum for $300 million, reducing its interest in the Malaysian company to 8%.
Nigerian Oil Group Seplat Valued at $1.9B in Market Debut
Wednesday, April 09, 2014 Nigerian oil and gas company Seplat raises $500 million on stock market debut, valuing the firm at $1.9 billion.
Offshore Firm's IPO May Give Singapore Market Shot in the Arm
Tuesday, April 08, 2014 A major operator of maritime support vessels controlled by Malaysia's richest man is seeking up to $380 million in a Singapore IPO.
Norway's Aker Fined $8.5M For Insider Trading In Aker Solution
Friday, April 04, 2014 Aker will pay an $8.5M fine for insider trading in shares of a company it controls, the oil services firm Aker Solution, the holding company says.
SapuraKencana Inks $5B Refinancing Club Deal with 13 Banks
Thursday, March 20, 2014 SapuraKencana concludes $5 billion refinancing club deal with 13 local, regional and international banks.

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Company Operations

Sources: PetroChina Hikes Shale Gas Spending To More Than $1.6B
Friday, April 18, 2014 PetroChina plans to spend more than $1.6 billion on shale gas this year, sources with knowledge of the matter say.
McDermott to Re-Enter North Sea with Spoolbase Deal
Friday, April 18, 2014 McDermott's subsidiary signs an option agreement with PD Ports which gives it the exclusive right to operate a spoolbase to serve projects in the North Sea.
India's Reliance Posts Flat 4Q Profit, Meets Estimates
Friday, April 18, 2014 Reliance Industries posted a flat quarterly profit, in line with estimates, hurt by a slimmer margin in its oil refining business.
Vanguard Energy to Sell Texas Field
Friday, April 18, 2014 Vanguard Energy enters an agreement to sell all of Vanguard's working interests and related equipment at its only operating field, the Batson Dome Field.
Woodside Delivers Higher Revenues
Thursday, April 17, 2014 Additional oil sales and higher LNG prices pushed Woodside Petroleum's quarterly revenue in a positive direction.
Team RECon Wins US Leg of BP's Ultimate Field Trip Competition
Thursday, April 17, 2014 Team RECon, from the University of Michigan, will enjoy a two-week field trip to BP's operations in Illinois and Alaska after winning the US version of the firm's Ultimate Field Trip Competition.
Eurasia Drilling 1Q Sales Down on Rouble, Restructuring
Thursday, April 17, 2014 Russia's Eurasia Drilling Company reports 12-percent fall in 1Q sales due to a weaker rouble and client restructuring.
Schlumberger Hurt By Reduced Drilling, Weak Pricing In Latam
Thursday, April 17, 2014 Schlumberger reports a profit that beat analysts' estimates, but revenue fell short of expectations due to reduced drilling and pricing pressure in Latin America.
Linc Energy Stands Firm in Environmental Dispute with Queensland Government
Thursday, April 17, 2014 Linc Energy stands firm in a dispute with the Queensland government in Australia over allegations that it has caused unauthorized environmental harm at the Chinchilla Underground Coal Gasification Research and Development Facility.
Keppel O&M's Net Profit Rises 11% in 1Q 2014 to $184.89M
Thursday, April 17, 2014 Keppel Offshore and Marine records a net profit of $184.89 million in the first quarter of 2014, up 11 percent from a year ago.
Maersk Valiant Drillships Heads to GOM After Delivery from SHI's Shipyard
Thursday, April 17, 2014 Maersk Valiant drillship heads to the Gulf of Mexico for a two year assignment after delivery from Samsung Heavy Industries shipyard in Geoje-Si, South Korea.

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