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Monday, September 22, 2014 - The Norwegian government said on Monday it would outline plans in spring next year regarding the electrification of the $20 billion Johan Sverdrup oil field in the North Sea.
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Industry Headlines

Asian Firms to Replace Western Energy Majors If They Leave Russia-Minister
Monday, September 22, 2014 Asian companies will replace Western majors if they quit energy projects in Russia due to sanctions over Moscow's role in Ukraine, Natural Resources Minister Sergei Donskoi said.
Norway Government to Outline Sverdrup Project Plan in Early 2015
Monday, September 22, 2014 The Norwegian government said on Monday it would outline plans in spring next year regarding the electrification of the $20 billion Johan Sverdrup oil field in the North Sea.
Total To Sell More Assets, Cuts Oil Output Target
Monday, September 22, 2014 Total plans to sell off assets, cut investments and reduce operating costs to deliver on a promise of generating $15 billion in free cash flow in 2017.
Fighting Close to Libyan Oilfield, Refinery as Rival 'Oil Minister' Appears
Monday, September 22, 2014 Soldiers and police have clashed in the last few days near Libya's biggest El Sharara oilfield in the south, while separate fighting erupted in the west not far from the Zawiya refinery, residents and medics say.
Oil Prices Fall on Sluggish Demand, Ample Supply
Monday, September 22, 2014 Crude oil futures fall as ample supply and slowing economic growth in Europe and China outweigh expectations of a cut in oil output from OPEC.
Significant Water Recycling Achieved in Eagle Ford
Friday, September 19, 2014 A partnership between Dow and Omni Water Solutions allows for the treatment of over 700,000 barrels of per day of water at an oil and gas project in South Texas' Eagle Ford play.

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Exploration

Salamander Gets EIA, to Drill in G4/50 License Off Thailand By End 2014
Monday, September 22, 2014 Salamander Energy to drill in G4/50 license in the Gulf of Thailand before the end of 2014 after receiving approval for the environmental impact assessment.
Greece Ratifies Energean's Licenses for Ioannina, Katakolon Blocks
Monday, September 22, 2014 The Greek Parliament ratifies license agreements for Energean to explore and produce from the Ioannina and Katakolon blocks in western Greece.
PTTEP to Acquire 20% Interest in Concession BM-ES-23 Offshore Brazil
Monday, September 22, 2014 PTTEP to acquire a 20 percent interest in Concession BM-ES-23 in the Espirito Santo Basin offshore Brazil from Shell.
Tomoka: Kerogen Makes Fourth Year Oil Exploration Lease Payment
Monday, September 22, 2014 Tomoka announces that Kerogen has made the fourth year payment for its eight-year oil exploration lease in Hendry County, Florida.
Pingvin Well Finds Gas in Barents Sea
Friday, September 19, 2014 North Energy reports that the Pingvin exploration well on Norwegian production license 713 in the Barents Sea has found gas in a sandstone reservoir.
Stena Clyde to Drill Pryderi-1 Well in Permit WA-424-P Off WA in October
Friday, September 19, 2014 Stena Clyde semisub is likely to drill the Pryderi-1 well in permit WA-424-P offshore Western Australia in the second half of October.

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Production

Ramba to Sell 25% Stake in Lemang PSC in Sumatra to Risco for $157.5M
Monday, September 22, 2014 Ramba Energy signs letter of offer to sell a 25 percent stake in Lemang production sharing contract in Riau and Jambi provinces, South Sumatra, Indonesia to Risco Energy Investments for $157.5 million.
SKKMigas Expects Banyu Urip Field to Commence Production in February 2015
Monday, September 22, 2014 Indonesia's upstream regulator SKKMigas expects the Banyu Urip oil field to commence full production in February 2015 as development work nears completion.
Inpex to Enhance Gas, Condensate Recovery at Minami-Nagaoka Field in Japan
Monday, September 22, 2014 Inpex to upgrade facilities at Koshijihara Plant in Niigata prefecture, Japan to enhance the rate of natural gas and condensate recovery at the Minami-Nagaoka gas field.
Lukoil CEO Says Russian Output Will Not fall in 2015
Friday, September 19, 2014 Russia's Lukoil will not cut domestic oil output next year but will invest less money in projects, says its CEO.
Petrobras Says to Sign Libra Production Ship Contract This Month
Friday, September 19, 2014 Petrobras will sign a contract to build and lease a floating production ship for its giant Libra offshore project this month, company Chief Executive Maria das Gracas Foster says.
Development Drilling at PNG LNG Project's Hides Gas Field Nears Completion
Friday, September 19, 2014 ExxonMobil says development drilling at Hides gas field in the Papua New Guinea liquefied natural gas project nears completion.

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Finance and Investing

Energy & Exploration Partners Files For IPO Again
Friday, September 12, 2014 Energy & Exploration Partners Inc files with US regulators for an initial public offering of common stock.
Sea Trucks Secures $130M Facility to Finance Completion of Jascon 18 MCSV
Thursday, September 11, 2014 Sea Trucks secures a $130 million facility to finance completion of the Jascon 18 multipurpose construction support vessel, which is being outfitted in a shipyard in Singapore.
UAE's Dana Gas Gets $100M Financing For Gas Field Development
Tuesday, September 09, 2014 Dana Gas secures $100 million of financing to develop an offshore gas field in the north of the country, with the first gas production expected early next year.
Athabasca Raises Capital Budget, Says CEO To Retire
Monday, September 08, 2014 Athabasca Oil increases its capital budget for the year and said its chief executive of seven years would retire Sept. 30.
Sino G&E Secures $50M Debt Facility for its Ordos Basin Gas Projects
Monday, September 01, 2014 Sino Gas & Energy secures $50 million debt facility from Macquarie Bank to fund its Ordos Basin gas projects in China's Shanxi province.
Sources: Sinopec Planning $1.5B Hong Kong IPO of Oilfield Services Unit
Friday, August 22, 2014 Sinopec is planning a $1.5 billion Hong Kong initial public offering for its oilfield services unit in the first half of 2015, people familiar with the matter said.

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Company Operations

Siemens To Buy Dresser-Rand To Tap US Shale Gas Boom
Monday, September 22, 2014 Siemens agrees to buy US oilfield equipment maker Dresser-Rand Group for $7.6 billion in a move that would significantly boost its oil and gas business in North America.
Risco Energy to Acquire Galoc Oil Field Operator GPC for $101.4M
Monday, September 22, 2014 Risco Energy inks $101.4 million deal to acquire Galoc Production Company, which has a 33 percent operating interest in Galoc oil field in Service Contract 14C offshore the Palawan in the Philippines.
Wild Well Control Locates New Subsea Capping Stack to Singapore
Friday, September 19, 2014 Wild Well Control locates new subsea capping stack to Singapore to respond to global deepwater well control incident.
Newbuild Bhagwan Dryden DSV to Commence 5 Year Deal in Australia Soon
Friday, September 19, 2014 Neptune Marine Services reports that newbuild Bhagwan Dryden dive support vessel will commence a five year contract in Australia next month.
Fairmount Successfully Tows FPSO Petrojarl Knarr to Norway from South Korea
Monday, September 22, 2014 Fairmount Marine successfully tows newbuild FPSO Petrojarl Knarr to the Norwegian port of Haugesund from Samsung Heavy Industries' Geoje Shipyard in South Korea.
GE Oil & Gas Wins Subsea Manifold Deal with Petrobras
Thursday, September 18, 2014 GE Oil & Gas wins a $300 million-plus contract with Petrobras to supply subsea manifold systems for pre-salt fields located offshore Brazil.

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