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Thursday, April 24, 2014 - The development of shale gas in Britain is expected to create more than 64,000 jobs and give local businesses a $55.37B capital injection.
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Industry Headlines

Noble Energy 1Q Profit Easily Beats Expectations
Thursday, April 24, 2014 Noble Energy posts a better-than-expected quarterly profit, helped by a jump in production across its US shale plays.
Pemex Chief Touts Mexico's Energy Reform In Washington Visit
Thursday, April 24, 2014 While energy reforms have opened the door for Mexico's state-run energy company to expand overseas, its focus for now will be on developing its "low-hanging fruit," the head of Pemex says.
Argentina's Congress Approves $5B Repsol Indemnity
Thursday, April 24, 2014 Argentina's government is hoping to have an easier time attracting international investors to exploit its fields now that its Congress has agreed to pay Grupo Repsol $5B.
All At Sea: Global Shipping Fleet Exposed to Hacking Threat
Thursday, April 24, 2014 The next hacker playground: the open seas - and the oil tankers and container vessels that ship 90 percent of the goods moved around the planet.
Ky. Senate Candidate Wants Keystone Pipeline OK'd
Thursday, April 24, 2014 Democratic US Senate candidate Alison Lundergan Grimes calls on Obama to approve the Keystone XL oil pipeline.
Report: Shale Gas Explorers Could Pump $55B into Britain
Thursday, April 24, 2014 The development of shale gas in Britain is expected to create more than 64,000 jobs and give local businesses a $55.37B capital injection.
Oil Near $102 On Ukraine Crisis; US Gas Prices Up
Thursday, April 24, 2014 The price of oil rises to near $102 a barrel on worries about tensions in Ukraine.

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Exploration

Songa Offshore Sells Songa Mercur, Songa Venus to Opus Offshore
Friday, April 25, 2014 Songa Offshore sells Songa Mercur and Songa Venus semisubs to Opus Offshore and formed a drilling joint venture with the latter targeting the international market, especially Southeast Asia.
Oil Search Updates on Drilling at Taza-2 Well in Kurdistan
Friday, April 25, 2014 Oil Search provides an update on drilling at the Taza 2 well in Kurdistan, Iraq.
Tethys Finds Gas at AKK19 Exploration Well in Kazakhstan
Friday, April 25, 2014 Tethys Petroleum finds gas at AKK19 exploration well at the Kyzyloi and Akkulka development in Kazakhstan.
Myanmar to Sign PSCs for Onshore Blocks Awarded in 2013 in Mid-May
Thursday, April 24, 2014 Myanmar expects to sign production sharing contracts awarded under onshore blocks bidding round 2013 in mid-May, a ministry official says.
Nido Prepares to Drill Baragatan-1 Well in SC63 in Palawan Basin in May
Thursday, April 24, 2014 Nido Petroleum discloses that preparations to drill the Baragatan-1 well in Service Contract 63 in north west Palawan Basin offshore the Philippines in May is in the final stages.
Drilling Commences at Badar-2 Well in Pakistan's Middle Indus Basin
Thursday, April 24, 2014 Jura Energy reveals that drilling has commenced at Badar-2 development well in the Badar lease in Pakistan's Middle Indus Basin.
Cuadrilla Consults Residents Ahead of Exploration Frack
Wednesday, April 23, 2014 Cuadrilla Resources engages with public ahead of fracking in Lancashire, England.
BGP Commences 2D Seismic Acquisition in Kenya's Block 12B
Wednesday, April 23, 2014 Swala Energy reports that BGP International has commenced 2D seismic acquisition in Kenya's Block 12B.
Oil Firm Soco To Begin Seismic Testing In Congo's Virunga Park
Wednesday, April 23, 2014 Soco International will start seismic tests this weekend in Democratic Republic of Congo's Lake Edward, an executive says.

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Production

Govt: Vietnam's Jan-April Crude Oil Exports Down 11% YOY
Friday, April 25, 2014 Vietnam will export an estimated 2.41 million tonnes, or 147,000 barrels per day (bpd), of crude oil in the first four months of this year, a drop of 11 percent from a year earlier, the government says.
Farstad Shipping Bags $88M Charter Contracts for Work Globally
Friday, April 25, 2014 Farstad Shipping bags $87.57 million charter contracts to provide offshore supply vessels for work in several regions, including Asia.
Pluspetrol Says Protests Stop 70% of Output from Peru Oil Block
Friday, April 25, 2014 Pluspetrol says output from Peru's biggest oil block has fallen 70 percent since indigenous protesters occupied its facilities there on Monday.
Nexen: Planned Works Reduce Flow at North Sea's Buzzard Oilfield
Thursday, April 24, 2014 UK North Sea oilfield Buzzard sees output fall due to maintenance and construction work.
Leni Reports Rig Arrival at Goudron Field
Thursday, April 24, 2014 Leni Gas & Oil reports that Well Services Rig 20 has arrived at the Goudron Field, onshore Trinidad, where it will drill the field's first well since 1981.
Minister: Canada To Decide In June On Proposed Enbridge Oil Pipeline
Thursday, April 24, 2014 Canada will meet a mid-June deadline for its final decision on whether to authorize the construction of Enbridge's proposed Northern Gateway crude oil pipeline, a government minister says.
WestSide Prepares for Meridian Gas Field Expansion in Bowen Basin
Thursday, April 24, 2014 WestSide Corporation prepares to commence the first phase of Meridian gas field expansion in southern Bowen Basin, Australia.
Austrian Energy Firm OMV Posts Rise in 1Q Production
Wednesday, April 23, 2014 Austria's OMV sees first-quarter production increase by 12 percent.
MOG 1Q Production Down amid Production Challenges
Wednesday, April 23, 2014 Mediterranean Oil & Gas sees its first quarter production more than halve as work continues to reverse production challenges at its assets.

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Finance and Investing

Libya Slashes Budget By A Third To Offset Loss Of Oil Revenue
Monday, April 21, 2014 Libya must slash its budget by a third and halt infrastructure funding to offset the loss of oil revenues due to a 9-month shutdown of major ports and oilfields, the head of parliament's budget committee says.
Halliburton Sees Profit Growth On Improved Margins In N. America
Monday, April 21, 2014 Halliburton forecast a 25% jump in earnings in the current quarter, helped by a recovery in margins in North America and growth in overseas markets.
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.

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Company Operations

Saudi Aramco Extends Contracts with Rowan for 3 Jackups to Work in ME
Friday, April 25, 2014 Saudi Aramco extends contracts with Rowan for three jackups operating in the Persian Gulf for another year and at a higher day rate.
Indonesia's PT Elnusa Posts Net Profit of $4.6M in 1Q 2014, Up 47% YOY
Friday, April 25, 2014 Oil and gas services firm PT Elnusa posts a 47 percent rise in net profit to $4.6 million in the first quarter of 2014 as it focused on more cost-efficient projects, according to a local daily.
Acteon's InterMoor Expands in Asia Pacific, Opens New Singapore Office
Friday, April 25, 2014 Acteon's unit InterMoor opens new office at Loyang Offshore Supply Base in Singapore as the firm expands to meet growth in Asia Pacific.
Ensco Sells ENSCO 85 for $64M, Makes Pre-Tax Gain of $10M
Friday, April 25, 2014 Ensco sells ENSCO 85 jackup for $64 million, making a pre-tax gain of approximately $10 million.
PetroChina Posts 5% Fall in Q1 Profit, Beats Forecast
Thursday, April 24, 2014 PetroChina reports a five-percent fall in first-quarter profit but beats forecasts.
Norway's TGS-Nopec Defies Seismic Industry Gloom With Profit Rise
Thursday, April 24, 2014 Seismic surveyor TGS-Nopec reports better-than-expected first-quarter profits.
Diamond Offshore Profit Beats As Rig Hire Rates Improve
Thursday, April 24, 2014 Diamond Offshore Drilling reports 17% fall in quarterly profit due to lower utilization rates for deepwater rigs.
Exillon Looks for New Independent Directors
Thursday, April 24, 2014 Exillon Energy appoints an international recruitment agency to assist it in its search for new independent, non-executive directors.
Vallianz Bids for $1.2B Offshore Vessel Supply Contracts Globally
Thursday, April 24, 2014 Vallianz Holdings bids for contracts, worth $1.2 billion, to supply offshore vessels for projects in Asia, Middle East, Latin America and Africa as part of its global expansion.
Expro Clinches $100M Subsea Contract for BP's Shah Deniz 2 Project
Thursday, April 24, 2014 Expro clinches a $100 million subsea contract for BP's Shah Deniz Stage 2 project in the South Caspian Sea offshore Azerbaijan.

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