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Tuesday, November 25, 2014 - North Sea oil and gas firms see fiscal reform of the sector as a "top priority" for the UK government ahead of the Chancellor's Autumn Statement.
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Industry Headlines

US House To Hold Hearing On Oil Export Ban
Tuesday, November 25, 2014 A House of Representatives panel will hold a hearing Dec. 11 to explore whether a decades-old law that prohibits the export of crude oil makes sense in an era of domestic energy abundance.
Report: Canada's Northwest Territories Hold Big Natural Gas Reserves
Tuesday, November 25, 2014 Canada's Northwest Territories, including its Arctic islands and the adjacent Beaufort Sea, hold more than 1.2 billion barrels of crude oil and 16.4 Tcf of marketable natural gas, the NEB says.
Prosecutor: Total Faces French Trial over Iran Contracts
Tuesday, November 25, 2014 French major Total is to face trial in France over corruption allegations relating to Iranian contracts dating from the 1990s and early 2000s, says the Paris prosecutor's office.
North Sea Industry Calls for Tax Reform from UK Chancellor
Tuesday, November 25, 2014 North Sea oil and gas firms see fiscal reform of the sector as a "top priority" for the UK government ahead of the Chancellor's Autumn Statement.
Russian Oil Tsar to Meet OPEC as Saudis Keep Market Guessing
Tuesday, November 25, 2014 Rosneft head Igor Sechin is to meet OPEC members in Vienna as Saudis keep the market guessing about its response to flagging oil prices.
Vietnam Warships Visit Philippines Amid South China Sea Dispute
Tuesday, November 25, 2014 Vietnam shows off its two most powerful warships in the first-ever port call to the Philippines but an official says it is not trying to challenge China's superior naval forces amid tension in the South China Sea.
Saudi, Russia Pre-OPEC Talks Yield No Oil Output Cut
Tuesday, November 25, 2014 Impromptu talks between Saudi Arabia, fellow OPEC member Venezuela and oil powers Russia and Mexico yield no agreement on how to address a growing oil glut.
Oil, Gas Companies Adjust to Social Media, Multi-Generation Workers
Tuesday, November 25, 2014 Multi-generational workforces, using social media, pose challenges while offering opportunities for oil and gas companies.
Oil Down 2% As Pre-OPEC Talks Don't Lead To Output Cut
Tuesday, November 25, 2014 Oil tumbles 2% to near 4-year lows in another volatile session as a meeting of Saudi Arabia and three other nations ahead of an OPEC summit end with no deal to curb crude output.
Agreement Balancing O&G Extraction and Conservation Reached in Colorado
Friday, November 21, 2014 An agreement has been reached in Colorado providing for a balance of oil and gas exploration and production and conservation on the Roan Plateau.

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Exploration

Woodside Gets License to Explore Morocco's Rabat Ultra Deep Offshore Area
Wednesday, November 26, 2014 Woodside receives exploration license for Rabat Ultra Deep Offshore area in Morocco.
Otto Energy Secures Extension of Service Contract 55 in the Palawan Basin
Wednesday, November 26, 2014 Otto Energy receives government approval for an extension of Service Contract 55 in the Palawan Basin, offshore Philippines by a year.
Jupiter to Spud Latest Kazakh Well in Mid-December
Tuesday, November 25, 2014 Kazakhstan-focused Jupiter Energy says its plans to start drilling Well 19 on its East Akkar field in mid-December.
Beach Energy Updates on Nappamerri Trough Natural Gas Program in Australia
Tuesday, November 25, 2014 Beach Energy provides update on the Nappamerri Trough Natural Gas (NTNG) program in ATP 855 and PRLs 33-49 in Australia.
Shale Gas Company Extends Poland Licenses
Tuesday, November 25, 2014 A company official says San Leon Energy is extending its licenses to explore for shale gas in northern Poland.
Russia's Gazprom Neft Partners With Petrovietnam To Tap Arctic Oil
Tuesday, November 25, 2014 Gazprom Neft agrees to develop Russia's Dolginskoye offshore Arctic oil field jointly with Petrovietnam.
Maersk Gets Extension from Hess for Resolute Rig
Monday, November 24, 2014 Denmark's Maersk Drilling receives an estimated $75-million extension to its contract with Hess Corporation for the Maersk Resolute rig.
Petrobras Says 2nd Libra Well Confirms Good Quality Oil
Monday, November 24, 2014 Petrobras completes drilling of the first extension well in the massive Libra field off the coast of Rio de Janeiro, confirming good quality oil, according to a filing.

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Production

Sona Clings on to Fading Hopes of Acquiring Thai Assets from Salamander
Wednesday, November 26, 2014 Sona Petroleum clings on to fading hopes of completing its $280 million acquisition of two oil and gas blocks in the Gulf of Thailand from Salamander Energy.
British Columbia Approves Petronas LNG Project, Two Gas Pipelines
Wednesday, November 26, 2014 British Columbia has approved a liquefied natural gas export terminal being developed by Petronas, along with two pipelines to service the province's fledging LNG industry, the province's Ministry of Environment says.
TAG's Cheal-E6 Well Intersects Oil and Gas Bearing Sands in Taranaki Basin
Wednesday, November 26, 2014 TAG Oil's Cheal-E6 well intersects oil and gas bearing sands in onshore Taranaki Basin, New Zealand.
Cyprus Eyes Gas Exports to Egypt via Pipeline
Tuesday, November 25, 2014 Cyprus and Egypt agree to accelerate talks on the potential export of Cypriot gas to Egypt once resources come on line.
Triangle Energy Gets Approval to Operate Pase Block in Aceh, Sumatra
Tuesday, November 25, 2014 Triangle Energy receives approval to operate Pase block in Aceh, North Sumatra, Indonesia for 20 years.
CNOOC Flows First Oil from Xijiang 24-1 DJDP in Pearl River Mouth Basin
Tuesday, November 25, 2014 CNOOC commences first oil production from the Xijiang 24-1 district joint development project in the Pearl River Basin in South China Sea, offshore China.
Bauer-19 Well Results May Raise Bauer Oil Field Reserves in Cooper Basin
Tuesday, November 25, 2014 Beach Energy reports that results from Bauer-19 development well has potentially increased reserves for the Bauer oil field in South Australia's Cooper Basin.
Ghana Gives Eni Green Light For $6B Offshore Gas Project
Monday, November 24, 2014 Ghana's government gives Italy's energy firm Eni the final green light to develop gas resources in the Offshore Cape Three Points block.
Cidade de Ilhabela FPSO Achieves First Oil at Sapinhoa Field Development
Monday, November 24, 2014 SBM Offshore says its Cidade de Ilhabela FPSO vessel is formally on hire after achieving first oil at the Sapinhoa field development offshore Brazil.

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Finance and Investing

Petrofac Slides as Oil Price, Project Delays Weigh
Monday, November 24, 2014 Oilfield services firm Petrofac expects its profit for 2015 to fall short of its goal.
Oil Companies' New Math Makes Them Look Bigger in Texas
Friday, November 21, 2014 Energy companies have long touted to Wall Street investors the number of acres they lease or own as a measure of how many oil and gas shale wells they can potentially drill.
EY: Global O&G M&A Outlook 'Cautiously Optimistic'
Friday, November 21, 2014 Despite an increasingly stable global economy, resilient equity markets and corporate earnings confidence, the global oil and gas M&A landscape remains only cautiously optimistic, according to a recent EY Survey.
Bumi Armada's 3Q 2014 Net Profit Rises to $32.23M, Up 9.9% YOY
Friday, November 21, 2014 Bumi Armada's net profit reaches $32.23 million in the third quarter of 2014, up 9.9 percent from last year's $29.34 million.
Fosun Closes Off-Market Takeover Bid for Roc Oil
Tuesday, November 18, 2014 Fosun International confirms closure its off-market takeover bid for Roc Oil.
Swiber Records 9M 2014 Net Profit of $40.1M, Down 22.8% YOY
Thursday, November 13, 2014 Swiber's net profit declines 22.8 percent to $40.1 million for the first nine months of this year, compared to $51.9 million a year ago.

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Company Operations

Keppel AmFELS Delivers Jackup Coatzacoalcos to Perforadora Central
Wednesday, November 26, 2014 Keppel AmFELS delivers newbuild jackup Coatzacoalcos to a unit of Mexico's Perforadora Central.
Neon Energy Updates on Evoworld's Latest Moves Relating to the Company
Wednesday, November 26, 2014 Neon Energy provides update on Evoworld's latest moves relating to the company.
PGS Moves Asia Pacific HQ to Malaysia
Wednesday, November 26, 2014 PGS relocates its regional headquarters in Asia Pacific to Kuala Lumpur, Malaysia from Singapore as the firm restructures its business activities.
Faroe Completes Sale of Glenlivet Stake
Tuesday, November 25, 2014 Faroe Petroleum sells its 10-percent stake in the West of Shetland Glenlivet field for $15.7 million.
NZEC Closes Vancouver Office, Focuses on New Zealand Upstream Assets
Tuesday, November 25, 2014 New Zealand Energy Corp. closes its Vancouver office in Canada to cut costs and focuses attention on its New Zealand upstream assets.
Essar Appoints Former HOEC's MD as CEO - Exploration & Production
Tuesday, November 25, 2014 Essar Oil appoints former Hindustan Oil Exploration Co.'s managing director Manish Maheshwari as CEO - Exploration & Production.
Hoidi Lands COSL's Jackup Leg Construction Contract
Tuesday, November 25, 2014 Hoidi lands a contract to construct rig leg for a China Oilfield Services Ltd.'s jackup.
Ineos Hires To Expand Into North Sea Oil And Gas Production
Monday, November 24, 2014 Ineos is looking to expand into North Sea oil and gas production by hiring a number of senior and mid-level staff, according to its website.
Salamander Backs Ophir Takeover Offer
Monday, November 24, 2014 UK oil and gas explorer Ophir Energy says its $418-million takeover of Salamander Energy has been recommended by the target firm's board.

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