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Statoil CEO Sees Oil at $80 by 2018
Tuesday, July 28, 2015 Statoil CEO Eldar Saetre sees the price of oil climbing to $80 per barrel by 2018.

PTS Warns UK Seafarers to be Prepared for Regulatory Changes
Tuesday, July 28, 2015 Petrofac Training Services warns UK seafarers to be prepared for upcoming changes to the Standards of Training, Certification and Watchkeeping, which are due to come into force on January 1, 2017.

Trapoil Merges with Jersey Oil and Gas
Tuesday, July 28, 2015 Junior energy firms Trapoil and Jersey Oil and Gas agree to merge.

Dayang Increases Stake in Malaysia's Perdana Petroleum to 51.21%
Tuesday, July 28, 2015 Dayang Enterprise's proposed takeover of Malaysia's Perdana Petroleum becomes unconditional after gaining more than 50 percent ownership of the latter.

BP Misses 2nd Quarter Profit Forecast on Spill Charge
Tuesday, July 28, 2015 BP misses 2Q 2015 profit expectations due to a $9.8 billion pre-tax charge related to the 2010 Macondo oil spill.


  


Technip Secures Subsea Tie-in Contract for PETRONAS' PFLNG1 Facility
Tuesday, July 28, 2015 Technip secures an engineering, procurement, construction, installation and commissioning contract from Petronas Carigali for the tie-in of Petronas FLNG1 facility to KAKG-A platform in Kanowit field, offshore East Malaysia.

Sterling Sees Acquisition Opportunities amid Low Oil Price
Monday, July 27, 2015 Africa-focused Sterling Energy intends to take advantage of the low oil price by buying 'quality' exploration assets from distressed players in the oil and gas sector.

Goodrich Sells Chunk of Eagle Ford: More Buying Time for Rebound
Monday, July 27, 2015 Goodrich Petroleum is selling key acreage in the Eagle Ford Shale to buy some liquidity and pay off some debt. But questions remain about whether it's enough to survive commodity prices.

Saudi Arabia's Sabic Considering Shale Gas Investments in US
Monday, July 27, 2015 Saudi Basic Industries Corp. plans to expand investment in US shale gas projects through joint ventures, according to acting CEO Yousef al Benyan.

San Leon Energy Non-Executive Director Resigns
Monday, July 27, 2015 San Leon Energy's long-standing non-executive director Jeremy Boak resigns, after accepting a position as a director of the Oklahoma Geological Survey at The University of Oklahoma.

Seeking to Build a Better Proppant
Monday, July 27, 2015 Rigzone follows up with some of the winners of Statoil and GE's first Open Innovation Challenge to reduce the amount of sand proppant used in unconventional operations.

Roxi Petroleum Agrees BNG Royalty Cancellation Deal
Friday, July 24, 2015 Roxi Petroleum enters into an agreement with Canamens Limited and Sector Spesit IV, a sub-fund of Sector Umbrella Trust, to cancel future royalty payments due to them from production at Roxi's BNG asset, located in Kazakhstan.

Petro-king Secures $24.3M Technical Service Deal from China's Xi'an Katwell
Friday, July 24, 2015 Petro-king secures a $24.3 million technical service contract with China's Xi'an Katwell Energy Technology Co.

Saipem Hires Bain to Get in Shape for Cheaper Oil
Friday, July 24, 2015 Italian oil contractor Saipem is working with consultant Bain & Company to draw up a restructuring plan to help it cut costs and counter falling oil prices.

Keppel O&M's 2Q 2015 Net Profit Falls 36% to $126M, Non-Drilling Focus Now
Friday, July 24, 2015 Keppel Offshore & Marine registers a 36 percent decline in net profit for second quarter 2015 to $126.2 million amid a slump in new rig demand as the firm now focus more on capturing business from the non-drilling market.

KBR Wins Fort Hills Oil Sands Mining Work
Friday, July 24, 2015 Engineering and construction firm KBR wins a contract to work on the Fort Hills Oil Sands Mining Project in Canada.

Aggreko Issues Profit Warning Due to Oil, Gas Slowdown
Friday, July 24, 2015 UK temporary power firm Aggreko sees lower profit for this year due to a slowdown in the oil and gas market.

Vissim Secures Marine Radar System Contract for Johan Sverdrup Facility
Friday, July 24, 2015 Vissim secures a contract to supply, install and commission a marine radar system for the Statoil operated Johan Sverdrup facility.

CB&I Secures Maintenance Contract worth $60 Million
Thursday, July 23, 2015 CB&I secures a contract worth approximately $60 million with a major energy company to provide maintenance services for 3 separate oil sands facilities in Alberta, Canada.

Europa Raises Funds Ahead of UK, Irish License Awards
Thursday, July 23, 2015 Europa raises funds ahead of license round awards in the UK and Ireland.

DNV Launches JIP with South Korean Yards to Reduce Project Cost by 15%
Thursday, July 23, 2015 DNV GL launches joint industry project with South Korean yards to reduce project cost by 15 percent.

Freeport-McMoRan Profit Beats Expectations; Shares Slide
Thursday, July 23, 2015 Freeport-McMoran reports an unexpectedly strong adjusted profit as sales of the metals and oil it produces rose, but its hefty debt load swelled and it also posted a big net loss.

Offshore Driller Hercules Says Weeks From Bankruptcy
Thursday, July 23, 2015 Hercules Offshore, stung by slumping demand for drilling services in older Gulf of Mexico oilfields, says it plans to file for creditor protection in about three weeks.

Singapore's Keppel 2Q Profit Falls 2% as Rig Business Falters
Thursday, July 23, 2015 Singapore's Keppel Corporation sees its 2Q net profit fall two percent due to a weak performance in its offshore and marine unit.

Trials Underway for Wireless Mesh Communications Device
Thursday, July 23, 2015 Testing is underway for a new communications device with expanded use for kinetic mesh technology.

Keppel Inks $684M Floating Liquefaction Facility Conversion Deal with Golar
Wednesday, July 22, 2015 Keppel Shipyard inks a $684 million floating liquefaction facility conversion contract with Golar LNG's unit.

Statoil, GE Unveil Winners of First Open Innovation Challenge
Wednesday, July 22, 2015 Statoil and GE unveil winners of first Open Innovation Challenge to find solutions for reducing sand use in unconventional operations.

Golar LNG Gets $960M Financing Commitment from CSSC for GoFLNG Hilli
Wednesday, July 22, 2015 Golar LNG receives commitment from CSSC Shipping Co. to finance $960 million of the conversion cost of the GoFLNG Hilli facility now under construction at Singapore's Keppel Shipyard.

FMC Technologies Plans Further Headcount Reductions
Wednesday, July 22, 2015 FMC Technologies plans to implement further workforce reductions amid a challenging North America land market.

Technip Wins TAP Pipeline Project Management Work
Tuesday, July 21, 2015 France's Technip wins a project management consultancy contract for the Trans Adriatic Pipeline.

Baker Hughes Boosted By Rising Demand For Well Completion Services
Tuesday, July 21, 2015 Baker Hughes, which is being acquired by larger rival Halliburton, said it expects unfavorable market conditions to persist for the rest of the year.

Cairn India Says Tie-up with Parent Vedanta is on Track
Tuesday, July 21, 2015 Cairn India's CEO says the firm's proposed merger with parent Vedanta is "on track".

Halliburton Profit Beats Estimates As Costs Cuts Pay Off
Monday, July 20, 2015 Halliburton reports a better-than-expected quarterly profit as costs cuts helped offset the impact of a steep drop in drilling activity.

Origin Energy Appoints New Director
Monday, July 20, 2015 Origin Energy Limited appoints Scott Perkins as an independent non-executive director, effective September 1, 2015.

Cluff Makes 'Progress' with North Sea Gas, Coal Gasification Assets
Monday, July 20, 2015 Cluff Natural Resources is making 'significant progress' in accelerating the development of its southern North Sea gas and underground coal gasification assets in the UK.

SINOPACIFIC Bags Contract to Build 9 AHTS Vessels for ADNOC
Monday, July 20, 2015 China's SINOPACIFIC bags contract to build nine anchor handling tug supply vessels for delivery to ADNOC in 2017.

Santos' Sales Revenue Falls to $578.5M in 2Q 2015, Down 19% YOY
Monday, July 20, 2015 Australia's Santos posts a 19% fall in sales revenue in the second quarter of 2015 to $578.5 million, hurt by lower oil prices.

Vallianz Inks $458M Contracts to Extend OSV Charters for ME Customer
Monday, July 20, 2015 Singapore's Vallianz inks contracts, worth $458 million, to extend charters for 19 offshore support vessels with an existing customer in the Middle East.

Zargon Oil & Gas Appoints Ron Wigham as Director
Monday, July 20, 2015 Zargon Oil & Gas has appointed Ron Wigham to the board of directors, effective July 20, 2015.

Schlumberger Remains 'Very Confident' amid Downturn
Friday, July 17, 2015 Schlumberger remains "very confident" in its capacity to weather the current downturn in oil and gas better than competitors in spite of a 12% fall in 2Q revenue.

Kommersant: France's Total Eyes LNG, Oil Projects in Iran
Friday, July 17, 2015 France's Total is eyeing liquefied natural gas and oil projects in Iran, Russian business daily Kommersant reports.

Elliott Advisors Says ENOC's Offer Undervalues Dragon Oil
Friday, July 17, 2015 Elliott Advisors is the latest investor in Dragon Oil to say majority shareholder Emirates National Oil Co's takeover offer undervalues the oil producer.

Statoil To Start World's First Subsea Gas Compressor In September
Friday, July 17, 2015 Norway's Statoil plans to commission in September the world's first subsea gas compression facility, a technology that could prove significant for oil companies as they seek to move offshore equipment to the seabed, away from ice and storms.

Petro Matad Appoints New Chairperson and CEO
Friday, July 17, 2015 Petro Matad appoints Enkhmaa Davaanyam as a non-executive, non-independent chairperson and Ridvan Karpuz as the CEO of the company.

TomCo Appoints New Director and Chairman
Friday, July 17, 2015 TomCo Energy appoints Andrew Jones as a non-executive chairman and Simon Corney as a non-executive director.

Baker Hughes: U.S. Oil Drillers Cut Rigs As Crude Prices Collapse
Friday, July 17, 2015 U.S. energy firms cut seven oil rigs this week after adding rigs for the last two weeks as U.S. crude prices fell nearly 15 percent this month in the biggest slump since December.

Katalyst Acquires Australia's SpectrumData as it Expands Globally
Thursday, July 16, 2015 Katalyst Data Management acquires Australia's oil and gas data management division of SpectrumData as part of its worldwide expansion.

Milagro Oil & Gas Seeks Bankruptcy Protection
Thursday, July 16, 2015 Houston-based exploration and production company files for Chapter 11 under duress of volatile commodity markets.

Akastor Appoints New CEO
Thursday, July 16, 2015 Oil-services investment company Akastor appoints Kristian Rokke as its chief executive officer, effective August 10, 2015.

STATS Group Secures $10 Million Pipeline Repair Contract in Middle East
Thursday, July 16, 2015 Pipeline engineer STATS Group secures a $10 million ten year emergency pipeline repair contract with a major LNG operator in the Middle East.

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