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Industry Headlines

BG Says European Commission Signs Off on Shell Bid
Wednesday, September 02, 2015 The European Union's antitrust regulators have approved Royal Dutch Shell Plc's $70 billion takeover bid for BG Group.
Iran Sees Shale Output Recovering as OPEC Longs for $80 Oil
Wednesday, September 02, 2015 Most OPEC members would like to see crude prices at $70 to $80 a barrel, Oil Minister Bijan Namdar Zanganeh said in an interview.
Maduro: China Signs Off on $5B Loan to Boost Venezuela Oil Output
Wednesday, September 02, 2015 China inks agreement to provide a $5 billion loan to help Venezuela boost its oil production.
Brazil Oilworkers Tell Petrobras Open-Ended Strike To Start Friday
Tuesday, September 01, 2015 Brazil's largest oil-workers' union advised Petrobras that it plans to begin a open-ended strike against the state-run oil company starting at midnight on Friday.
OPEC May Recognize 'Lower For Longer' Pushes Their Prices, Too
Tuesday, September 01, 2015 Refusing to meet over-supply with a cut in their market share last year, Saudi Arabia fueled low oil prices. Now, the kingdom and its OPEC members are saying they want a fair playing field.
Penn West, ConocoPhillips Cut Combined 900 Jobs In Canada
Tuesday, September 01, 2015 ConocoPhillips and Penn West Petroleum are eliminating a combined 900 jobs in Canada, the two companies say, as low oil prices persist.

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Exploration

Russia's Rosneft Says China's COSL to Drill Offshore Oil Wells
Wednesday, September 02, 2015 China Oilfield Services Limited will drill two offshore exploration wells for Rosneft, as the Russian company tries to overcome restrictions related to Western sanctions.
India To Change Oil, Gas Exploration Rules; Offers Small Fields
Wednesday, September 02, 2015 India will auction 69 small and marginal oil and gas fields surrendered by state explorers, Oil Minister Dharmendra Pradhan says.
Pilot Farms-in to Empire's Exploration Permits EP416, EP 480 in Perth Basin
Wednesday, September 02, 2015 Pilot Energy farms-in to Empire Oil & Gas's EP416 and EP480 exploration permits in the Perth Basin, Western Australia.
VIC/P57 JV to Spud Gippsland Basin's Sea Lion-1 Prospect in Mid-September
Tuesday, September 01, 2015 3D Oil to spud the Sea Lion-1 prospect in Australia's Gippsland Basin in mid-September as adverse weather conditions delay handover of the rig from the current operator.
Swala Gets Extension to its Kilosa-Kilombero, Pangani Licenses in Tanzania
Monday, August 31, 2015 Swala Energy obtains extension to its Kilosa-Kilombero and Pangani licenses in Tanzania.
Eni Makes Massive Gas Discovery at Shorouk Block, Offshore Egypt
Monday, August 31, 2015 Eni makes a massive gas discovery at Zohr 1X NFX well in the Shorouk Block, offshore Egypt.

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Production

Atlantic Petroleum Continues to Increase Production
Wednesday, September 02, 2015 Atlantic Petroleum's total production output from the Chestnut, Ettrick and Blackbird fields, located offshore UK, has increased by 9,000 barrels of oil equivalent year-on-year from August 2014 to August 2015.
Central Petroleum Seals Deal to Acquire 50% Stake in Mereenie Field in NT
Wednesday, September 02, 2015 Central Petroleum completes acquisition of a 50 percent stake in the Mereenie oil and gas field in Amadeus Basin in Australia's Northern Territory.
Arup Completes DCP Installation at Malampaya Gas Field Offshore Philippines
Wednesday, September 02, 2015 Arup completes installation of the Malampaya Depletion Compression Platform at the Malampaya gas field offshore Philippines.
PETRONAS Approves Development Plan for Malaysia's Offshore Ophir Oil Field
Tuesday, September 01, 2015 PETRONAS approves the revised development plan for the Ophir oil field in Block PM 305 offshore Malaysia.
Russia Says Oil Output Could Decline if Prices Stay Low
Tuesday, September 01, 2015 Russia will not deliberately cut oil production to prop up prices but its output may decline if prices remain low, according to Deputy Prime Minister Arkady Dvorkovich.
Strike Energy Updates on Operations at SCB Gas Project in South Australia
Tuesday, September 01, 2015 Strike Energy updates on operations at the Southern Cooper Basin Gas Project in South Australia.

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Finance and Investing

Gazprom First-Half Net up 50 Pct, Boosted by Weaker Rouble
Monday, August 31, 2015 Russia's top natural gas producer Gazprom says its net profit rose 50 percent year-on-year to 675.9 billion roubles ($10.5 billion) in the first half of 2015, thanks to increased sales and a weaker rouble.
Halliburton Believers Stand to Win Big Betting on Deal: Real M&A
Friday, August 28, 2015 Traders willing to bet the biggest oil- services deal can survive regulatory scrutiny stand to rake in more than $3 billion in profit.
India To Raise $1.4B From Top Oil Refiner Stake Sale
Monday, August 24, 2015 India will raise about 93.79 billion rupees ($1.4 billion) from selling a stake in state-run refiner and fuel retailer Indian Oil Corp, the government says.
Australia's Santos Posts 82% Fall in 1H 2015 Net Profit to $27M
Friday, August 21, 2015 Santos's first half 2015 net profit fell 82 percent to $27 million, with the decline attributed to lower oil prices and higher exploration expense.
Indonesia's Pertamina Says To Only Need Fraction Of Planned Debt Financing
Tuesday, August 18, 2015 Pertamina slashes the amount it plans to raise through long-term debt financing this year after the government paid back some fuel-subsidy money it owed the state energy company.
Australia's Santos Denies Plans to Launch Equity Raising
Monday, August 17, 2015 Santos denies plans to launch an equity raising, adding that it retains ample liquidity.

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Company Operations

Xodus Group Secures North Sea Decommissioning Contract with Nexen
Wednesday, September 02, 2015 Xodus Group secures a contract with Nexen Petroleum U.K. to provide Front End Engineering and Design (FEED) services in support of the decommissioning of the Ettrick and Blackbird fields in the central North Sea.
PGS Cold-Stacks another Vessel to Reduce Costs
Wednesday, September 02, 2015 PGS will cold-stack the Ramform Viking vessel, after it completes a multiclient project offshore East Newfoundland in October 2015, In order to reduce cost and capital expenditure.
Aker Solutions CEO Says Risks Further Staff Cuts
Wednesday, September 02, 2015 Aker Solutions could be forced to cut jobs again unless markets recover, according to Aker Chief Executive Luis Araujo.
Oil & Gas UK Launches North Sea Task Force
Wednesday, September 02, 2015 Oil & Gas UK launches a new North Sea task force, which aims to improve the efficiency and competitiveness of the UK's oil and gas industry.
Norshore Atlantic to Commence Work for Oil Major Off Indonesia in October
Wednesday, September 02, 2015 Norshore Atlantic multipurpose drilling vessel will commence work to plug and abandon three wells for an oil major offshore Indonesia in mid-October.
Australia's Metgasco to Seek Damages from NSW Government
Wednesday, September 02, 2015 Australia's Metgasco will commence court action seeking damages from the New South Wales state government over the unlawful suspension of its 2014 drilling program.
Keppel FELS Delivers Jackup UMW Naga 8 to Malaysia's UMW Oil & Gas
Wednesday, September 02, 2015 Keppel FELS delivers newbuild jackup UMW Naga 8 to Malaysia's UMW Oil & Gas.

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