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Weatherford, partners raise $150,000 for Houston Area Women’s Center - 19/12/2014
HOUSTON -- Weatherford International and partners presented a donation of approximately $150,000 to the Houston Area Women’s Center the inaugural Weatherford Walks charity event.
Murphy Oil closes first phase of partial divestiture of Malaysian assets - 19/12/2014
EL DORADO, Arkansas -- Murphy Oil Corporation's wholly owned subsidiaries, Murphy Sabah Oil Co., Ltd. and Murphy Sarawak Oil Co., Ltd., have closed on the first phase of the sale of 30% of Murphy's Malaysian oil and gas assets to PT Pertamina Malaysia Eksplorasi Produksi.
Halliburton requests 25% discount from its suppliers in reaction to reduced capital spending - 19/12/2014
HOUSTON – Oilfield services giant Halliburton has issued a memorandum to its suppliers, asking for a 25% discount effective immediately. The vendors must confirm the discount no later than Dec. 31, 2014.
Crude below $60/bbl tests Petrobras’ ultra-deepwater discoveries - 19/12/2014
RIO DE JANEIRO (Bloomberg) -- Petroleo Brasileiro SA CEO Maria das Gracas Foster said in June that the development of Brazil’s giant oil discoveries beneath a layer of salt would be cheaper than competing North American projects. That advantage is quickly evaporating.
Enbridge reopens Line 4 pipeline after 1,350 bbl crude spill - 19/12/2014
CALGARY, Alberta – Enbridge has completed repairs at its Regina terminal in Saskatchewan and returned the Line 4 pipeline to service following an oil spill earlier this week.
Statoil, Det norske make small discovery at Krafla North - 19/12/2014
TRONDHEIM, Norway -- Exploration drilling on the Krafla North prospect in PL 035 is about to be completed. Exploration well 30/11-10 encountered an 80 m oil column in the Tarbert formation and a 20 m oil column in the Etive formation, Det norske, a partner in the license, said in a statement.
Eni to explore offshore Portugal - 19/12/2014
MILAN, Italy -- Eni has finalized with Petrogal, a wholly owned subsidiary of the Portuguese company Galp Energia, a farm in agreement for the acquisition of a 70% stake and operatorship of the Gamba, Santola and Lavagante permits.
Statoil awards Mariner contract to Schlumberger - 19/12/2014
STAVANGER, Norway -- Statoil, on behalf of the Mariner co-venturers, has awarded the contract for integrated drilling and well services on the Mariner field on the UKCS to Schlumberger Oilfield UK.
Nigerian oil unions suspend 4-day strike after negotiations - 19/12/2014
ABUJA, Nigeria (Bloomberg) -- Nigeria’s oil unions suspended their four-day national strike after reaching an agreement with the government, which included a push to pass an industry bill held up for years in parliament.
Polarcus awarded 3D project offshore West Africa - 19/12/2014
DUBAI -- Polarcus has signed a Letter of Intent with Perenco Oil & Gas Gabon S.A. for a 3D marine seismic acquisition project offshore West Africa.
RWE Dea drills dry hole near North Sea's GjØa field - 19/12/2014
STAVANGER, Norway -- RWE Dea Norge AS, operator of production license 420, is in the process of concluding the drilling of wildcat well 35/9-12 S. The well will be classified as dry. The well was drilled about 20 km southwest of the GjØa field in the North Sea and about 80 km southwest of FlorØ.
Oil crash exposes weakness in shale drillers’ insurance - 19/12/2014
HOUSTON (Bloomberg) -- Tumbling oil prices have exposed a weakness in the insurance that some U.S. shale drillers bought to protect themselves against a crash. At least six companies, including Pioneer Natural Resources Co. and Noble Energy Inc., used a strategy known as a three-way collar that doesn’t guarantee a minimum price if crude falls below a certain level, according to company filings. While three-ways can be cheaper than other hedges, they can leave drillers exposed to steep declines.
Lion Energy to join forces with PSC holders for North Sumatra basin exploration - 19/12/2014
WEST PERTH, Australia -- Lion Energy will join forces with conventional PSC holders Bukit Energy and New Zealand Oil & Gas to jointly explore an area within the prolific North Sumatra basin.
FMC Technologies bags $393 million subsea systems contract offshore Angola - 18/12/2014
HOUSTON -- FMC Technologies has received an order from Eni Angola to supply subsea production systems for its deepwater Block 15/06 East Hub development. The order has an estimated value of $393 million in revenue.
Cheniere, GE sign $1 billion service agreement for Sabine Pass LNG export terminal - 18/12/2014
HOUSTON -- GE Oil & Gas and Sabine Pass Liquefaction, a subsidiary of Cheniere Energy Partners have entered into a $1 billion service contract for more or less than 20 years.
Cairn India invites supplier partnerships despite falling oil prices - 18/12/2014
HOUSTON – At a time when most oil companies are cutting budgets and scaling back E&P spending, Cairn India held supplier summits in Calgary and Houston to invite international oilfield service companies and equipment manufacturers to help the company with E&P projects in India, offshore Sri Lanka and South Africa.
Abigail Ross Hopper named U.S. BOEM director - 18/12/2014
WASHINGTON, D.C. -- U.S. Secretary of the Interior Sally Jewell has named Abigail Ross Hopper as the director of the Bureau of Ocean Energy Management (BOEM), the agency responsible for the development of conventional and renewable energy and marine mineral resources on the Outer Continental Shelf.
Cheap oil jamming rails means higher U.S. power bills: freight - 18/12/2014
CHICAGO (Bloomberg) -- U.S. electricity costs are poised to reach the highest level since 1999 because railroads are too clogged to deliver enough coal to power plants.
Prospect Flow Solutions joins Wild Well Control - 18/12/2014
HOUSTON -- Wild Well Control has announced that engineering solutions provider Prospect Flow Solutions has joined Wild Well, and will serve as its new advanced engineering group.
Putin says Russian economy should be ready for $40/bbl oil - 18/12/2014
MOSCOW (Bloomberg) -- The Russian economy must adapt to the reality of oil prices that could fall as low as $40/bbl, President Vladimir Putin said as he faces the worst financial crisis since coming to power in 2000.
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