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Wednesday, November 26, 2014 - Merger and acquisition activity on the Australia market has lifted expectations of further consolidation from around the industry.
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Industry Headlines

Indonesia's Graft Watchdog Targets Energy Sector
Thursday, November 27, 2014 Indonesia's Corruption Eradication Commission (KPK) plans a sector-wide audit of the country's oil and gas industry in a push to clean up the energy sector and restore investor confidence in Southeast Asia's biggest crude producer.
Libya's Recognized Government Appoints New Chairman of State Oil Firm
Thursday, November 27, 2014 Libya's internationally recognized government appoints a new head of state National Oil Corp handling oil exports, a deputy premier says, as a political conflict over control of the country is hitting the vital energy sector.
Russia Sees Average Oil Price at $80-90 in Medium, Long-Term
Wednesday, November 26, 2014 Russia's finance minister says the country sees the oil price averaging between $80 and $90 per barrel in the medium term.
Australian Market Ripe for Consolidation
Wednesday, November 26, 2014 Merger and acquisition activity on the Australia market has lifted expectations of further consolidation from around the industry.
Report: North America Focus of Oil, Gas Technology Investment
Wednesday, November 26, 2014 North America's oil and gas resources have been the focus of most of the technology investments made worldwide since 2003, according to Lux Research.
Kemp: OPEC's Other Problem: Weak Demand
Wednesday, November 26, 2014 Slowing demand growth as much as rising supplies contributed to the price crisis in 1986, just as it is now causing a similar problem for OPEC in 2014.
Oil Declines As OPEC Seen Holding Off From Production Cuts
Wednesday, November 26, 2014 Oil prices fall after OPEC increases signals that it would hold off making any major production cuts this week.
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.

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Exploration

Linc Energy Finds Oil Shows at Pata-1 Exploration Well in Arckaringa Basin
Thursday, November 27, 2014 Linc Energy finds oil shows at Pata 1 exploration well in the Arckaringa Basin in South Australia.
Santos Finds Gas at Varanus South-1 Well in PEL 513 in Cooper Basin
Thursday, November 27, 2014 Santos makes a new wet gas discovery at Varanus South-1 well in PEL 513 in South Australia's Cooper Basin.
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.

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Production

Buru Suspends Ungani North 1 Well in WA's Canning Basin
Thursday, November 27, 2014 Buru Energy suspends Ungani North 1 well in Canning Basin, Western Australia to evaluate results of well test.
NWS JV to Develop $1B Persephone Project Off Northwest Australia
Thursday, November 27, 2014 The North West Shelf joint venture approves development of the $1.02 billion Persephone project offshore northwest Australia.
FMC Commissions First All Nigerian-Built Subsea Production Tree
Wednesday, November 26, 2014 The Bonga Northwest Development will feature the first subsea production trees engineered, manufactured, tested, installed and serviced by FMC Technologies entirely in Nigeria.
Santos Reassures on Costs at $18.5B Gladstone LNG Project
Wednesday, November 26, 2014 Santos is on track to produce first liquefied natural gas from its $18.5 billion Gladstone LNG project in the second half of 2015, reassuring doubters who fear it may face cost overruns.
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.
Russia Says Will Keep Oil Output Steady In 2015
Wednesday, November 26, 2014 Russian oil companies will keep production steady in 2015, Energy Minister Alexander Novak says, after Moscow left a meeting with other major oil producers with no agreement on how to address weak oil prices.
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.

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Finance and Investing

Mermaid Maritime's FY 2014 Net Profit Rises 193.4% to $45.27M
Thursday, November 27, 2014 Mermaid Maritime's financial year 2014 net profit soars 193.4 percent to $45.27 million from $15.42 million a year ago.
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

Beach Energy Appoints Former Woodside EVP Robert Cole as MD
Thursday, November 27, 2014 Beach Energy appoints former Woodside executive vice president, Corporate and Commercial Robert Cole as its new managing director.
Arctech Starts Construction Sakhalin Icebreaking Vessel
Wednesday, November 26, 2014 Arctech Helsinki Shipyard begins construction of an icebreaking multi-purpose supply vessel that will serve Sakhalin-2 region energy production sites.
Seadrill Shares Dive after Dividends Suspended
Wednesday, November 26, 2014 Oilfield services firm Seadrill suspends dividend payments to help it weather a slump in offshore drilling rig market rates.
Starting Out As An Exploration Geoscientist With Shell
Wednesday, November 26, 2014 Shell profiles Helen Doherty, Exploration Geoscientist for Upstream International New Ventures: Sub-Saharan Africa.
Urals Receives Payment for Tanker Shipment
Wednesday, November 26, 2014 Russia-focused junior Urals Energy receives payment from Petraco Oil Company following a recent tanker shipment.
Odjfell Revenues, Profits Decline during 3Q
Wednesday, November 26, 2014 Norway's Odfjell sees its revenues and profits fall amid a continued softening of demand for oilfield services.
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.

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