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OTC 2016: Cambodia Decision on First Oilfield Development by Year End
Monday, May 02, 2016 Cambodia expects a decision to develop the country's first oilfield at Block A by year end, a senior government official says.

SHI Receives Shell's Termination Notice for $4.7B FLNG Building Contract
Friday, April 29, 2016 Samsung Heavy Industries receives a notice to terminate the $4.64 billion contract from Shell to build three floating liquefied natural gas units.

Russian April Oil Output Edges Down To 10.86 Million Bpd
Friday, April 29, 2016 Russian oil production edged lower in April to 10.86 million barrels per day from a record 10.91 million in March.

Ophir Ends Talks with Schlumberger over Fortuna LNG Project
Friday, April 29, 2016 Ophir Energy has ended talks with Schlumberger over the Fortuna LNG project, after the parties hit stumbling block on terms agreed in January.

PETRONAS Canada LNG Project Chief Sees Investment Decision In Months
Friday, April 29, 2016 PETRONAS and its partners hope to make a final decision within months on whether to build what could be Canada's first liquefied natural gas export project, though further delays to the environmental review could push that timeline back.


Weir Sees 70% Of North American Fracking Fleet Idle
Thursday, April 28, 2016 Oil equipment maker Weir Group reports a 47% fall in 1Q oil and gas orders and estimates that 70% of North America's fracking fleet is currently idle as low crude prices slow investment in the sector.

Karoon Says PEPC's Restructuring Not Likely to Impact Brazil Work Program
Thursday, April 28, 2016 Karoon Gas Australia expects no impact on the work program for its Santos Basin blocks off Brazil despite partner Pacific Exploration and Production Corp.'s ongoing restructuring.

Otto Energy Updates on Drilling at SM-71 #1 Discovery in the Gulf of Mexico
Wednesday, April 27, 2016 Otto Energy updates on drilling operations at the SM-71 #1 oil discovery in South Marsh Island Block 71 in the Gulf of Mexico.

LGO Boosts Production at Goudron Field in Trinidad
Wednesday, April 27, 2016 Production starts from a new interval in well GY-671 on the Goudron field in Trinidad.

Shareholders Reject Sona Petroleum's Acquisition of WA's Stag Oilfied
Wednesday, April 27, 2016 Sona Petroleum's shareholders vote overwhelmingly against the company's proposed acquisition of Stag Oilfield located off Western Australia for $25 million.

Aker Solutions, ABB Team Up To Develop Subsea Production
Wednesday, April 27, 2016 Aker Solutions and ABB agree to team up to develop solutions that will "improve oil and gas production for the global energy industry," according to a statement from Aker.

Govt: Vietnam's Jan-April Crude Oil Exports Drop 22.2% YOY
Wednesday, April 27, 2016 Vietnam's crude oil exports during January-April fell 22.2 percent from the same period last year to an estimated 2.49 million tons, or 151,000 barrels per day, the government says.

KazMunaiGas EP Oil Output Flat In First Quarter
Wednesday, April 27, 2016 KazMunaiGas Exploration and Production produces 247,000 barrels of oil per day in 1Q 2016, almost unchanged on the year.

Mubadala Completes Drilling 2 Development Wells in Thailand's Manora Field
Wednesday, April 27, 2016 Mubadala Petroleum completes the drilling of 2 development wells in the Manora oil field in the Gulf of Thailand.

Husky Expects Madura BD Field Off Indonesia to Commence Production in 2017
Wednesday, April 27, 2016 Husky Energy expects the Madura BD field in the Madura Strait offshore Indonesia to commence production in 2017.

BW Offshore Secures 3 Year Contract Extension for FPSO BW Pioneer
Tuesday, April 26, 2016 BW Offshore secures a three year extension for FPSO BW Pioneer's contract from Petrobras.

Empire Completes Testing Program at RGN-1 Well in WA's Permit EP 389
Tuesday, April 26, 2016 Empire Oil & Gas completes testing program at Red Gully North-1 discovery in permit EP 389 in Western Australia.

Eland Boosts Production at Nigerian Opuama-3 Well
Tuesday, April 26, 2016 Eland Oil & Gas plc completes re-entry works and boosts production at the Opuama-3 well in Nigeria.

China's CNPC Oil, Gas Output To Reach 300 MT Of Oil Equivalent By 2020
Tuesday, April 26, 2016 CNPC says its oil and gas output will reach 300 million tons of oil equivalent a year by 2020.

Russia's Novatek Says Yamal LNG Unlikely To Get Chinese Loans In May
Tuesday, April 26, 2016 Leonid Mikhelson, the head of No.2 Russian gas producer Novatek, says the Yamal LNG project is unlikely to get loans from China next month.

As Glut Persists, Saudis And Kuwait Struggle To Restart Khafji Oilfield
Tuesday, April 26, 2016 Kuwait and Saudi Arabia appear no closer to restarting their jointly operated Khafji oilfield, despite Kuwait saying the sides had agreed to ramp up output after an 18-month shutdown.

Uganda Confirms Tanzania Oil Export Pipeline
Monday, April 25, 2016 Uganda confirms at a summit in Kampala that it will build a pipeline from Uganda to Tanzania to export its oil, rather than Kenya.

Indonesia OPEC Governor: No Urgency To Freeze Output With Oil At $45
Monday, April 25, 2016 Indonesia's governor says to OPEC oil at $45 a barrel is "not bad" and warns there will be no urgency to freeze output if crude remains at that price.

CNOOC Commences Production from Panyu 11-5 in South China Sea
Monday, April 25, 2016 CNOOC Limited commences production from the Panyu 11-5 oilfield, located in the Pearl River Mouth Basin of the South China Sea.

ExxonMobil Starts Production at North Slope Project
Friday, April 22, 2016 ExxonMobil says it has started production at its Point Thomson project, the first company-operated project on Alaska's North Slope.

Santos Quarterly Revenue Steady As LNG Output Ramps Up
Friday, April 22, 2016 Santos reports a 1% rise in 1Q revenue as it stepped up coal seam gas sales to its Gladstone LNG plant, offsetting a collapse in oil and gas prices.

Welldog Bags $27.3M Contracts with CSG Operators in Australia
Thursday, April 21, 2016 WellDog inks multi-year deals, worth $27.3 million, with coal seam gas firms operating in the Surat and Bowen Basins in Queensland, Australia.

OMV Increases Production in 1Q 2016
Thursday, April 21, 2016 OMV Aktiengesellschaft's hydrocarbon production in 1Q increases by 1% over the previous quarter to 312,000 barrels of oil equivalent per day.

NZOG Reports 15.3% Rise in Developed Reserves in Kupe Field Off Taranaki
Thursday, April 21, 2016 New Zealand Oil & Gas reports a 15.29 percent rise in developed reserves in the Kupe oil and gas field off Taranaki, New Zealand.

Kazakhstan's Kashagan Oil Project to be Launched in June 2017
Thursday, April 21, 2016 Kazakhstan's oil Kashagan project will likely be launched in June 2017, according to Wang Zhongcai, the first vice president of China National Petroleum Corp.


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