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Singapore Rig-Builder Sembcorp Marine Says to Record 4Q Net Loss
Tuesday, December 01, 2015 Singapore's Sembcorp Marine says it is expected to record a net loss for the fourth quarter due to a challenging operating environment.

EOR to Pay Lower Purchase Price for Indonesia's Wailawi Field Operator CEP
Tuesday, December 01, 2015 Australia's Enhanced Oil and Gas Recovery re-negotiates a lower purchase price for Centre Energy Petroleum, operator of the Wailawi Oil & Gas Project in East Kalimantan, Indonesia.

Canadian Oil Sands 2016 Capex Budget 35% Lower than 2015
Tuesday, December 01, 2015 Canadian Oil Sands sets a capital spending target of $221 million for 2016, down about 35 percent from the estimated budget for 2015.

Source: China's Fosun Looks to Buy Israel Gas Fields from Delek
Tuesday, December 01, 2015 Chinese investment group Fosum International is interested in buying two small natural gas fields in the eastern Mediterranean from Israel's Delek Group, according to a source.

Expro Secures a 5-Year Contract in Qatar
Tuesday, December 01, 2015 Expro secures a five year well intervention and slickline services contract in Qatar as part of its Middle East business expansion.


Marco Polo Marine Updates on Jackup Construction Dispute with PPL Shipyard
Tuesday, December 01, 2015 Marco Polo Marine updates on the dispute between Marco Polo Drilling and PPL Shipyard over the termination of a jackup construction contract.

Sterling Energy in Dispute with Cameroon over Ntem Block
Tuesday, December 01, 2015 West Africa-focused Sterling Energy is in a dispute with the Republic of Cameroon over the ownership status of the Ntem block.

Noble Plans to Stack Rig; Lay Off 120-130 Employees
Monday, November 30, 2015 Noble Drilling will lay off 120-130 offshore workers in January due to the stacking of its Noble Jim Day rig.

Oil & Gas UK Appoints New Board Members
Monday, November 30, 2015 Oil & Gas UK makes a number of new appointments to its board.

Vale CEO Ferreira Quits as Chairman of Brazil's Petrobras
Monday, November 30, 2015 Murilo Ferreira has quit as chairman of Brazil's Petroleo Brasileiro SA.

Study: DNV GL Reveals Top 10 Cyber Security Threats on NCS
Monday, November 30, 2015 DNV GL conducts a study revealing the top 10 biggest cyber security threats for companies operating offshore Norway.

Elixir Gets More Time for Due Diligence for Cliff Head Oil Field Off WA
Monday, November 30, 2015 AWE extends the due diligence period for Elixir Petroleum's acquisition of a 57.5 percent stake in the Cliff Head oil field off Western Australia.

Sterling Completes Mauritania Block C-10 Stake Acquisition
Monday, November 30, 2015 Sterling Energy Mauritania Limited completes a deal to acquire a 13.5% working interest in the production sharing contract for Block C-10, offshore Mauritania, from Tullow Mauritania Limited.

Australian O&G Industry Body APPEA Re-elects Bruce Lake as Chairman
Friday, November 27, 2015 The Australian Petroleum Production & Exploration Association (APPEA) re-elected Bruce Lake and Richard Owen as its chairman and vice chairman, respectively.

Prosafe, Jurong Shipyard Agree on Flexible Delivery of Safe Zephyrus Vessel
Friday, November 27, 2015 Prosafe and Jurong Shipyard agree to a flexible delivery of the completed Safe Zephyrus accommodation vessel from the latter's yard in Singapore.

University of Manchester Students Reach UPPP Top 10
Friday, November 27, 2015 A team of students from the University of Manchester in the UK reaches the top 10 of MOL Group's global oil and gas student competition, UPPP.

China's Honghua to Supply Middle East Client with 3 Land Rigs for $41.5M
Friday, November 27, 2015 Honghua Golden, a unit of China's Honghua Group, signs agreement to sell three land rigs to a Middle East customer for $41.5 million.

Middle East Deals See Rig Builder Lamprell Boost Workforce
Friday, November 27, 2015 Lamprell boosts its workforce by 1,500 to help it meet increased activity in the Middle East.

Wintershall Joins 'Zero Routine Flaring by 2030' Initiative
Friday, November 27, 2015 Wintershall joins World Bank's international initiative to end the worldwide flaring of associated gas during oil production by 2030.

CIMC Raffles Holds Naming Ceremony for North Dragon Semisub in China
Thursday, November 26, 2015 CIMC Raffles holds a naming ceremony for North Sea Rig Holdings' newbuild North Dragon semisub at its Yantai Shipyard in China, while construction work continues on two other similar rigs.

Aker Solutions Wins Maintenance Contract with BP
Thursday, November 26, 2015 Aker Solutions secures a framework agreement to provide maintenance and modifications services at BP-operated oil and gas fields offshore Norway.

PPL Shipyard Challenges MPD's Termination of Jackup Construction Contract
Thursday, November 26, 2015 Sembcorp Marine's unit PPL Shipyard challenges Marco Polo Drilling's termination of a jackup construction contract.

Wood Group PSN Secures Services Contract in Iraq
Thursday, November 26, 2015 Wood Group PSN division secures a contract, worth approximately $90 million, with a "leading" international oil company in Iraq to provide project management services for an onshore facility.

Woodside Acquires CSD Software Licenses from Norway's Completion Services
Thursday, November 26, 2015 Woodside acquires Completion String Design (CSD) software licenses from Norway's Completion Services.

MPD Initiates Contractual Dispute Resolution Process Against PPL Shipyard
Wednesday, November 25, 2015 Singapore's Marco Polo Drilling (MPD) initiates contractual dispute resolution process against PPL Shipyard over the termination of a rig building deal.

Rosneft Posts YOY Income Decrease
Wednesday, November 25, 2015 Rosneft posts a net income of $5.3 billion in the nine month period ended September 30, which marks an 11.7% decrease from the $6 billion income registered during the same period last year.

Ophir Energy Said to Receive Merger Interest amid Oil Slump
Wednesday, November 25, 2015 Africa-focused Ophir Energy receives informal takeover/merger interest from several parties, according to Bloomberg sources.

China Energy Giants Seek Last-Minute Sales in Year-End Countdown
Wednesday, November 25, 2015 China's biggest energy companies are seeking to unload assets and urging workers to cut costs in a last-minute rush to meet annual government-set growth targets as lower crude prices drag down earnings.

Indonesia's Pertamina Replaces 'Problematic People' Amid Graft Pro
Wednesday, November 25, 2015 Indonesia's Pertamina replaces 'problematic people' at its oil trade unit, according to the country's energy minister.

Genel, New Age in $2 Billion Merger Talks
Wednesday, November 25, 2015 Genel Energy is in the early stages of merger talks worth more than $2 billion with New Age African Global Energy, according to Sky News.

Malaysia's Icon Offshore Receives $12.1M LOA to Supply PSV to KPOC
Wednesday, November 25, 2015 Malaysia's Icon Offshore receives a letter of award, worth $12.1 million, to provide a deepwater platform supply vessel to Kebabangan Petroleum Operating Company.

Eastern Europe Focused Energy Firms Increase CAPEX
Tuesday, November 24, 2015 Nostrum Oil & Gas and PJSOC Bashneft increase capital expenditure in 9M 2015, bucking the trend of CAPEX reduction among energy firms amid the current lower oil price.

Directors Recommend Rockhopper, FOGL Merger
Tuesday, November 24, 2015 Board directors at Rockhopper Exploration and Falkland Oil and Gas recommend that the two companies merge.

Indonesia's Pertamina invests $2.14B in Upstream Assets in Jan-Oct
Tuesday, November 24, 2015 Pertamina invested $2.14 billion in upstream assets from January to October this year, CEO Dwi Soetjipto says, with total CAPEX reaching $2.89 billion as of last month.

UKOG Completes PEDL143 Farm-in
Monday, November 23, 2015 UK Oil & Gas Investments plc completes a farm-in agreement with Warwick Energy Exploration and Production Limited to acquire a further 10% interest in the onshore UK Weald Basin license, PEDL143.

KS Drilling's Unit Wins $2.8M Contract in Indonesia for KS Java Star
Monday, November 23, 2015 PT Atlantic Oilfield Services, a subsidiary of KS Energy's unit KS Drilling, wins a $2.8 million contract in Indonesia for jackup KS Java Star.

Poland's PGNiG Eyes Iran's Oil and Gas Market
Monday, November 23, 2015 Polish gas distributor is looking at various options in oil and gas exploration and production in Iran.

NuEnergy Completes Acquisition of Dart Energy (Indonesia) Holdings
Monday, November 23, 2015 Australia's NuEnergy completes acquisition of Dart Energy (Indonesia) Holdings, gaining control of the latter's coal bed methane assets in Sumatra and Kalimantan in Indonesia.

BG Group Buys a 35% Stake in Cyprus's Aphrodite Gas Field
Monday, November 23, 2015 BG Group secures a 35% holding in the Aphrodite gas field, which was discovered offshore Cyprus in 2011.

Gazprom Neft Posts YOY Revenue Drop, Production Increases
Monday, November 23, 2015 Gazprom Neft PJSC posts a year on year revenue decrease and production increase in the first nine months of 2015.

Genel Energy Plans Joint Gas Company in Iraqi Kurdistan
Friday, November 20, 2015 Genel Energy Plc plans to establish a joint company with the Iraqi Kurdish government to develop gas fields, its chairman said on Friday.

Eni Sells Remaining Stake In Galp
Friday, November 20, 2015 Eni has sold its remaining 4% stake in Portugal's Galp Energia raising $348 million, Eni said.

Bumi Armada Berhad Revenues Decline with Lower Vessel Utilization
Friday, November 20, 2015 Bumi Armada's revenues for the first 9 months of 2015 declined by 6.2%, to $371.6 million, due to the lower utilization of vessels and lower activity in its transport and installation business unit.

Aptomar Secures Monitoring Services Contract with OMV
Thursday, November 19, 2015 Aptomar signs a 3 year frame agreement with OMV Norway to deliver integrated field monitoring services for the operator's future drilling activities.

Advancements in Video Tech 'Increasing' Safety in Oil, Gas
Thursday, November 19, 2015 Advancements in video technology are increasing the level of safety in the oil and gas industry, according to Adrian Fielding, senior manager for industrial security solutions at Honeywell Process Solutions.

Bowleven Plans to Acquire KNDL, Ruvuma PSA Stakes
Thursday, November 19, 2015 Bowleven plans to acquire a 25% interest in the Kiliwani North Development License (KNDL) and a 50% interest in the Ruvuma PSA, in Tanzania.

NGI, UT-Austin Sign Agreement on Geotechnical Engineering Cooperation
Thursday, November 19, 2015 NGI and UT aim to further research in geotechnical engineering with their new MoU.

Shell-BG Merger Takes Another Step Forward After Securing ACCC Clearance
Thursday, November 19, 2015 Shell's proposed acquisition of BG takes another step forward after getting clearance from the Australian Competition and Consumer Commission.

Sembcorp Marine Bags MODEC's FSO Construction Contract for Culzean Field
Thursday, November 19, 2015 Sembcorp Marine bags a contract to design and build a new floating storage and offloading vessel for MODEC to be deployed to Maersk's Culzean field in the North Sea.

Songa Offshore Dismisses Claims Submitted by DSME for Songa Equinox Semisub
Wednesday, November 18, 2015 Songa Offshore dismisses claims submitted by Daewoo Shipbuilding & Marine Engineering for the Songa Equinox semisub.

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