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Drilling commences at FAN-1 well offshore Senegal - 18/04/2014
MELBOURNE, Australia -- Drilling has commenced on the offshore exploration well, FAN-1, offshore Senegal in which FAR holds a 15% interest (Cairn Energy (Cairn) 40%, ConocoPhillips 35%, Petrosen 10%).
Transocean provides fleet status update - 18/04/2014
ZUG, Switzerland -- Transocean issued a comprehensive Fleet Status Report which provides the current status and contract information for the company's entire fleet of offshore drilling rigs.The total value of new contracts since the March 17, 2014 Fleet Update Summary is approximately $209 mn.
Leni Gas & Oil reports rig mobilisation to the Goudron field in Trinidad - 18/04/2014
LONDON -- Leni Gas & Oil (LGO) reported that the Ministry of Energy and Energy Affairs have given approval to commence drilling at the Company's 100% owned and operated Goudron Field in Trinidad and the Well Services Petroleum Company (Well Services) Rig 20 is being mobilised to the Field. The first well is expected to spud shortly after the Easter holiday.
Encana said to seek at least $636 million in Royalty IPO - 18/04/2014
CALGARY, Alberta (Bloomberg) -- Encana’s sale of shares in a royalty unit as early as next month is poised to be the largest initial public offering in the Canadian oil and natural gas industry since 2010.
Gas rigs rebound from 21-year low as prices boost profits - 18/04/2014
HOUSTON (Bloomberg) -- Rigs targeting natural gas in the U.S. rebounded from the lowest level since 1993 as an increase in prices this year lures producers back into dry-gas plays.
NEB approves LNG export license for Triton LNG - 18/04/2014
CALGARY, Alberta -- The National Energy Board (NEB) approved an application for a 25 year natural gas export licence from Triton LNG Partnership to export LNG. The license is for a maximum term amount of 93.73 109m3. The proposed export points would be located near either Kitimat or Prince Rupert, British Columbia at the outlet of the loading arm of a proposed natural gas liquefaction terminal. The liquefaction terminal has not been constructed and will require further regulatory approval before construction can begin.
Technip wins umbilical contract for Kaombo project in Angola - 18/04/2014
PARIS -- Technip reported that a consortium composed of Angoflex owned jointly with Sonangol and DUCO has been awarded a large lump-sum contract by Total E&P Angola. The contract consists of the umbilical system part of the Kaombo project, located in Block 32 offshore Angola in water depths up to 2,000 m.
McDermott signs agreement for North Sea spoolbase - 18/04/2014
HOUSTON, Texas -- McDermott reported that one of its subsidiaries has signed an option agreement with PD Ports which gives it the exclusive right to operate a spoolbase to serve projects in the North Sea. McDermott expects to have the facility available for projects in early 2015.
Shale pioneer Aubrey McClendon hires Chesapeake for New Frontier - 18/04/2014
OKLAHOMA CITY, Oklahoma (Bloomberg) -- Aubrey McClendon, the pioneering shale wildcatter who helped usher in the U.S. energy renaissance, has hired the company that fired him to drill wells for his newest natural gas venture.
Chesapeake’s biggest investor grows more bullish on stock - 17/04/2014
OKLAHOMA CITY, Oklahoma (Bloomberg) -- Southeastern Asset Management Inc., the owner of one of every 10 shares in Chesapeake Energy Corp., is more bullish on the natural gas producer as CEO Doug Lawler trims costs.
Ex-BP worker sold stock on insider Macondo spill data, U.S. says - 17/04/2014
WASHINGTON, D.C. (Bloomberg) -- A former official of BP Plc will pay $224,000 to settle U.S. claims that he traded securities based on inside information about the magnitude of the Deepwater Horizon oil spill, the Securities and Exchange Commission said.
Fracing sand spurs silos for rail transport - 17/04/2014
SOUTHLAKE, Texas (Bloomberg) -- The U.S. shale oil boom is putting millions of tons of sand onto North American railroads, enabling carriers to pack trains full instead of hauling just a handful of cars at a time. With help from Union Pacific Corp. and Warren Buffett’s BNSF Railway Co., the sleepy silica sand industry that once mostly supplied glassmakers now ships more than 20 million tons of the material a year. Buyers including Halliburton Co. and Schlumberger Ltd. use the sand in hydraulic fracturing at oil fields in Texas and North Dakota.
Keystone opponents winning Hollywood endorsements - 17/04/2014
WASHINGTON, D.C. (Bloomberg) -- Foes of the Keystone XL oil pipeline appear to be winning the battle for endorsements from Hollywood celebrities and prominent personalities. Actors Mark Ruffalo, Robert Redford, Kyra Sedgwick, Jared Leto, and Julia Louis-Dreyfus have come out against the $5.4 bn project. “Splash” star Daryl Hannah has been arrested at least three times at Keystone protests -- once after chaining herself to the White House fence. This week, former President Jimmy Carter joined nine other Nobel Peace Prize laureates in urging President Barack Obama to reject the project.
Ex-Cobalt executive may list Aussie shale explorer in U.S. - 17/04/2014
SYDNEY (Bloomberg) -- Tamboran Resources Ltd., an Australian shale explorer led by a former Cobalt International Energy Inc. executive, is considering going public in the U.S. as early as the second half of this year. Tamboran is studying a reverse merger in the U.S., a deal that involves a private firm purchasing a public company to gain a listing, or an initial public offering in Singapore or Australia, Joel Riddle, CEO of the Sydney-based company, said in a phone interview.
Colombia probes tremor rise in biggest oil producing region - 17/04/2014
BOGOTA, Colombia (Bloomberg) -- Colombian authorities are working with Pacific Rubiales Energy Corp. to investigate an increase in seismic activity in the nation’s biggest oil-producing area. The Colombian Geological Service, or SGC, is looking into possible causes of a rise in the number of tremors in eastern Meta province, where the country’s second-biggest oil company has its main operations, SGC geologist Marta Lucia Calvache said by telephone.
Namibia considers oil block auctions to improve terms - 17/04/2014
WINDHOEK, Namibia (Bloomberg) -- Namibia may revert to auctioning oil and gas exploration blocks because it will give the government better terms than the existing open licensing system, said Petroleum Commissioner Immanuel Mulunga.
Nigeria to stop flaring most gas within 5 years, Seplat says - 17/04/2014
LONDON (Bloomberg) -- Seplat Petroleum Development Co., a Nigerian oil producer that raised about $500 million in initial share sale this month, expects the African nation to almost stop burning natural gas at oil fields within five years as the domestic fuel market becomes more profitable.
Schlumberger boosts profit as explorers seek technology edge - 17/04/2014
HOUSTON (Bloomberg) -- Rising demand for more advanced oilfield technology to tap hard-to-reach crude around the world spurred a record first-quarter profit for Schlumberger Ltd.
Total in deepwater oil discovery off Ivory Coast - 17/04/2014
PARIS -- The Total-operated Saphir-1XB exploration well on Block CI-514 proved the presence of liquid hydrocarbons in the deep waters offshore the Ivory Coast.
Shell reports deepwater gas discovery offshore Malaysia - 17/04/2014
THE HAGUE, Netherlands -- Shell reported an exploration discovery offshore Malaysia.The successful ‘Rosmari-1’ well is located 135 km offshore in Block SK318, and was drilled to a total depth of 2,123 m.
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