www.upstreamonline.com http://www.upstreamonline.com/ www.upstreamonline.com Dresser-Rand soars on M&A talk http://www.upstreamonline.com/live/1377388/Dresser-Rand-soars-on-MA-talk Shares of oilfield equipment maker Dresser-Rand surged to end the week amid a potential takeover of the Houston-based company that reportedly pits at least two suitors against each other. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1377388/Dresser-Rand-soars-on-MA-talk Fri, 19 Sep 2014 20:50:17 +0000 live Newfield unveils new shale position http://www.upstreamonline.com/live/1377382/Newfield-unveils-new-shale-position Texas-based Newfield Exploration has unveiled it position in the Springer shale in Oklahoma and reported a stellar initial well in the newest US unconventional play. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1377382/Newfield-unveils-new-shale-position Fri, 19 Sep 2014 17:29:39 +0000 live Sierra gets cash for Mexico development http://www.upstreamonline.com/live/1377372/Sierra-gets-cash-for-Mexico-development Mexico City-based independent Sierra Oil & Gas has secured a $525 million cash injection from a couple of private equity firms in an early sign of investor interest in a emerging market for private investment following landmark energy reforms in Mexico. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1377372/Sierra-gets-cash-for-Mexico-development Fri, 19 Sep 2014 16:22:25 +0000 live ExxonMobil 'winds down' at Kara Sea well http://www.upstreamonline.com/live/1377365/ExxonMobil-winds-down-at-Kara-Sea-well ExxonMobil has confirmed that it is "winding down" operations at a high-cost exploration well being drilled in the Russian Arctic. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1377365/ExxonMobil-winds-down-at-Kara-Sea-well Fri, 19 Sep 2014 16:03:36 +0000 live Statoil served with Diamond subpoena http://www.upstreamonline.com/live/1377364/Statoil-served-with-Diamond-subpoena Statoil has confirmed that it has been served with a subpoena in relation to the early termination of a Diamond Offshore Drilling rig earlier this year. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1377364/Statoil-served-with-Diamond-subpoena Fri, 19 Sep 2014 15:44:48 +0000 live Troim to quit Seadrill board http://www.upstreamonline.com/live/1377362/Troim-to-quit-Seadrill-board Seadrill is losing Tor Olav Troim, the former right-hand man of chairman John Fredriksen, from its board. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1377362/Troim-to-quit-Seadrill-board Fri, 19 Sep 2014 15:18:13 +0000 live Lukoil 'rethink' on Total alliance http://www.upstreamonline.com/live/1377337/Lukoil-rethink-on-Total-alliance Russian giant Lukoil is reportedly evaluating the implications of new Western sanctions on its exploration joint venture with France’s Total to drill for tight oil in West Siberia. Steve.Marshall@upstreamonline.com (Steve Marshall), (News Wires) http://www.upstreamonline.com/live/1377337/Lukoil-rethink-on-Total-alliance Fri, 19 Sep 2014 09:18:14 +0000 live Total lines up $2.25bn Bostik sale http://www.upstreamonline.com/live/1377330/Total-lines-up-2.25bn-Bostik-sale France's Total has received an indicative offer of $2.25 billion for its chemical division Bostik from compatriot chemicals specialist Arkema. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1377330/Total-lines-up-2.25bn-Bostik-sale Fri, 19 Sep 2014 08:37:29 +0000 live Dolphin green light for Kara shoot http://www.upstreamonline.com/live/1377323/Dolphin-green-light-for-Kara-shoot Dolphin Geophysical has been allowed to proceed with a recently awarded seismic survey in Russia’s Kara Sea after Norwegian authorities decided it was not subject to new Western sanctions against the Kremlin. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1377323/Dolphin-green-light-for-Kara-shoot Fri, 19 Sep 2014 07:12:09 +0000 live EMGS in new Norway survey http://www.upstreamonline.com/live/1377320/EMGS-in-new-Norway-survey Electromagnetic Geoservices has secured a further contract to acquire 3D data in the Norwegian Sea on the heels of a recent award from Statoil in the vicinity. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1377320/EMGS-in-new-Norway-survey Fri, 19 Sep 2014 06:52:34 +0000 live Peak, Octanex deal revealed http://www.upstreamonline.com/live/1377317/Peak-Octanex-deal-revealed Details have been released regarding a merger between Peak Oil & Gas and Octanex, with the companies entering into two schemes. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1377317/Peak-Octanex-deal-revealed Fri, 19 Sep 2014 05:35:56 +0000 live Loyz served writ http://www.upstreamonline.com/live/1377302/Loyz-served-writ Hong Kong-listed Loyz Energy has been served a writ demanding the payment of a loan, but the company is confident it will not have an impact on its current year earnings. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1377302/Loyz-served-writ Fri, 19 Sep 2014 00:47:17 +0000 live NWS vessel arrives in Oz http://www.upstreamonline.com/live/1377298/NWS-vessel-arrives-in-Oz A new vessel for work on the North West Shelf has arrived in Australia and is set to be delivered to its first customer soon. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1377298/NWS-vessel-arrives-in-Oz Thu, 18 Sep 2014 23:52:12 +0000 live Linn swaps more assets with ExxonMobil http://www.upstreamonline.com/live/1377291/Linn-swaps-more-assets-with-ExxonMobil Linn Energy has reached a deal to swap assets it controls in the Permian basin with ExxonMobil in return for producing properties in California in the second Permian-focused asset trade between the two players this year. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1377291/Linn-swaps-more-assets-with-ExxonMobil Thu, 18 Sep 2014 22:18:54 +0000 live Shareholders rebuke Souki pay http://www.upstreamonline.com/live/1377281/Shareholders-rebuke-Souki-pay Shareholders of Houston-based LNG player Cheniere Energy expressed their dissatisfaction with chief executive Charif Souki's exorbitant compensation in a non-binding vote disapproving of his 2013 pay package. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1377281/Shareholders-rebuke-Souki-pay Thu, 18 Sep 2014 20:19:58 +0000 live Wild Well positions second capping stack http://www.upstreamonline.com/live/1377234/Wild-Well-positions-second-capping-stack Wild Well Control has stationed a second emergency subsea capping stack for stopping or diverting deep-water oil well blowouts at its facility near the Kim Heng Quayside near Loyang in Singapore. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1377234/Wild-Well-positions-second-capping-stack Thu, 18 Sep 2014 15:00:47 +0000 live Eos in $22m Dune buy http://www.upstreamonline.com/live/1377218/Eos-in-22m-Dune-buy US explorer Eos Petro is buying compatriot Dune Energy in a deal that values the latter well below its current share price. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1377218/Eos-in-22m-Dune-buy Thu, 18 Sep 2014 13:53:20 +0000 live Halliburton 'cuts head count' http://www.upstreamonline.com/live/1377216/Halliburton-cuts-head-count Oilfield services giant Halliburton is being forced to cut its Norwegian workforce by 46 due to a downturn in drilling-related work, according to a report. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1377216/Halliburton-cuts-head-count Thu, 18 Sep 2014 13:05:05 +0000 live Neptune wins Ichthys work http://www.upstreamonline.com/live/1377078/Neptune-wins-Ichthys-work Perth-based Neptune Marine Services has been awarded two subcontracts on the Ichthys liquefied natural gas project, in northern Australia, by McDermott Australia. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1377078/Neptune-wins-Ichthys-work Thu, 18 Sep 2014 04:12:22 +0000 live Triyards to raise funds http://www.upstreamonline.com/live/1377075/Triyards-to-raise-funds Singaporean shipbuilder Triyards is set to raise more than S$20.6 million (US$16.2 million) through a proposed placement on the Singapore Stock Exchange. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1377075/Triyards-to-raise-funds Thu, 18 Sep 2014 00:56:36 +0000 live Mermaid wins Middle East contracts http://www.upstreamonline.com/live/1377071/Mermaid-wins-Middle-East-contracts Thailand's Mermaid Maritime has been awarded saturation diving contracts in the Middle East worth up to a combined $45 million. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1377071/Mermaid-wins-Middle-East-contracts Wed, 17 Sep 2014 23:59:31 +0000 live Continental ups 2014 capex http://www.upstreamonline.com/live/1377068/Continental-ups-2014-capex Continental Resources has raised its capital budget by around $500 million for 2014 based on the success of costlier well-completion techniques. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1377068/Continental-ups-2014-capex Wed, 17 Sep 2014 23:09:36 +0000 live Continental names new COO http://www.upstreamonline.com/live/1377047/Continental-names-new-COO Bakken oil giant Continental Resources has named a new president and chief operating officer to replace Rick Bott, who abruptly resigned last week. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1377047/Continental-names-new-COO Wed, 17 Sep 2014 21:49:41 +0000 live Ensco signs short-term US Gulf contracts http://www.upstreamonline.com/live/1377029/Ensco-signs-short-term-US-Gulf-contracts Rig owner Ensco has signed short-term contracts for two semi-submersible rigs in the US Gulf of Mexico, deals that analysts say are indicative of changing market dynamics. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1377029/Ensco-signs-short-term-US-Gulf-contracts Wed, 17 Sep 2014 19:16:32 +0000 live Ensco newbuild drillship delayed http://www.upstreamonline.com/live/1377028/Ensco-newbuild-drillship-delayed Delivery of an ultra-deepwater drillship under construction for Ensco has been delayed by a quarter while another unit owned by the rig contractor is set to be stacked after it wraps up a contract with Total next month. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1377028/Ensco-newbuild-drillship-delayed Wed, 17 Sep 2014 18:40:13 +0000 live Maersk sells Venezuela barge business http://www.upstreamonline.com/live/1377021/Maersk-sells-Venezuela-barge-business Danish rig contractor Maersk Drilling has sold off its Venezuelan drilling barge business as it focuses its attention on the ultra-deepwater and harsh-environment segments. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1377021/Maersk-sells-Venezuela-barge-business Wed, 17 Sep 2014 16:57:06 +0000 live Petrobras gets floater licences http://www.upstreamonline.com/live/1377004/Petrobras-gets-floater-licences Brazil’s environmental regulator Ibama has issued a preliminary licence authorising Petrobras to produce oil and natural gas from 13 floating production, storage and offloading vessels that will be deployed in the Santos basin pre-salt province over the next few years. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1377004/Petrobras-gets-floater-licences Wed, 17 Sep 2014 15:24:30 +0000 live Knarr FPSO at Aibel berth http://www.upstreamonline.com/live/1376995/Knarr-FPSO-at-Aibel-berth The newbuild Petrojarl Knarr floating production, storage and offloading vessel has arrived at Aibel’s Haugesund yard in Norway after the contractor secured outfitting work on the unit ahead of deployment at the field. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1376995/Knarr-FPSO-at-Aibel-berth Wed, 17 Sep 2014 14:47:19 +0000 live RWE Dea seals Egypt awards http://www.upstreamonline.com/live/1376978/RWE-Dea-seals-Egypt-awards RWE Dea has confirmed that it has been awarded two offshore blocks in the Gulf of Suez under Egypt’s latest exploration licensing round. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1376978/RWE-Dea-seals-Egypt-awards Wed, 17 Sep 2014 13:13:25 +0000 live Statoil suspends COSL rig deal http://www.upstreamonline.com/live/1376976/Statoil-suspends-COSL-rig-deal Statoil has decided to suspend its charter for semi-submersible COSL Pioneer due to “rig overcapacity” in a move that is set to hit Chinese-owned contractor COSL Drilling Europe. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1376976/Statoil-suspends-COSL-rig-deal Wed, 17 Sep 2014 11:06:04 +0000 live Wentworth cooking on Tanzania gas http://www.upstreamonline.com/live/1376971/Wentworth-cooking-on-Tanzania-gas Wentworth Resources is set for an exponential leap in its earnings capacity over the next few years to fund further exploitation of its flagship Mnazi Bay asset in Tanzania after signing a landmark gas supply agreement with the authorities. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1376971/Wentworth-cooking-on-Tanzania-gas Wed, 17 Sep 2014 10:13:37 +0000 live Marine Contracting in Cantarell EPCI deal http://www.upstreamonline.com/live/1376961/Marine-Contracting-in-Cantarell-EPCI-deal Singapore’s Marine Contracting has scooped a contract to provide a bridge and tripod support structure at Pemex’s Cantarell field in the Gulf of Mexico. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1376961/Marine-Contracting-in-Cantarell-EPCI-deal Wed, 17 Sep 2014 09:26:15 +0000 live Hess readies Kurdistan return http://www.upstreamonline.com/live/1376949/Hess-readies-Kurdistan-return US independent Hess is preparing to resume drilling operations at a well in Kurdistan in the next few weeks following a suspension as Islamic State militants ransacked swathes of the region. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1376949/Hess-readies-Kurdistan-return Wed, 17 Sep 2014 08:20:41 +0000 live Aqualis wins Saudi rig gig http://www.upstreamonline.com/live/1376946/Aqualis-wins-Saudi-rig-gig Norway-based consultancy Aqualis Offshore has inked a rig moving services contract with Saudi Arabian state-owned oil company Saudi Aramco. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1376946/Aqualis-wins-Saudi-rig-gig Wed, 17 Sep 2014 07:37:11 +0000 live Sistema head 'faces Bashneft charges' http://www.upstreamonline.com/live/1376942/Sistema-head-faces-Bashneft-charges Russian oil-to-telecom conglomerate Sistema has reportedly defended its acquisition of assets from compatriot oil company Bashneft after its chairman was placed under house arrest on money-laundering charges in connection with an earlier shares deal. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1376942/Sistema-head-faces-Bashneft-charges Wed, 17 Sep 2014 07:04:57 +0000 live Woodside signs on Lloyd's http://www.upstreamonline.com/live/1376937/Woodside-signs-on-Lloyds Australia’s Woodside has signed on Lloyd’s Register Energy to act as its global inspection provider across a number of assets. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1376937/Woodside-signs-on-Lloyds Wed, 17 Sep 2014 05:51:36 +0000 live PTTEP in $3.3bn Myanmar spend http://www.upstreamonline.com/live/1376932/PTTEP-in-3.3bn-Myanmar-spend Thailand's PTT Exploration & Production (PTTEP) has confirmed its capital spend in Myanmar for 2014 to 2018 will be $3.3 billion (Russell Searancke) http://www.upstreamonline.com/live/1376932/PTTEP-in-3.3bn-Myanmar-spend Wed, 17 Sep 2014 02:35:22 +0000 live Ezion wins $76m contract http://www.upstreamonline.com/live/1376931/Ezion-wins-76m-contract Singapore's Ezion Holdings has been awarded a US$76 million contract to supply a service rig. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1376931/Ezion-wins-76m-contract Wed, 17 Sep 2014 01:37:39 +0000 live GDI orders fifth Keppel jack-up http://www.upstreamonline.com/live/1376922/GDI-orders-fifth-Keppel-jack-up Singapore's Keppel Fels has landed a contract to build its fifth jack-up drilling rig for Qatar-based Gulf Drilling International (GDI). Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1376922/GDI-orders-fifth-Keppel-jack-up Tue, 16 Sep 2014 23:48:35 +0000 live Apache plans Alberta asset sale http://www.upstreamonline.com/live/1376913/Apache-plans-Alberta-asset-sale US independent Apache has hung the For Sale sign on about 1 million producing acres in east-central Alberta as it continues a push to sell off international assets. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1376913/Apache-plans-Alberta-asset-sale Tue, 16 Sep 2014 22:07:58 +0000 live Jaap Huijskes to leave OMV http://www.upstreamonline.com/live/1376880/Jaap-Huijskes-to-leave-OMV OMV has said its exploration and production director Jaap Huijskes plans to step down in the first half of 2016. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1376880/Jaap-Huijskes-to-leave-OMV Tue, 16 Sep 2014 15:18:10 +0000 live Total’s Usan sale ‘back on’ http://www.upstreamonline.com/live/1376860/Total’s-Usan-sale-‘back-on’ Total’s operated stake in the Usan deep-water field off Nigeria is once again on the sales block after an earlier $2.46 billion deal with China’s Sinopec fell through, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1376860/Total’s-Usan-sale-‘back-on’ Tue, 16 Sep 2014 13:41:47 +0000 live Lundin download for AGR http://www.upstreamonline.com/live/1376844/Lundin-download-for-AGR Drilling services player AGR has secured a deal with Lundin Norway to supply software to simplify well execution. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1376844/Lundin-download-for-AGR Tue, 16 Sep 2014 12:26:36 +0000 live Vanguard makes $525m Piceance deal http://www.upstreamonline.com/live/1376843/Vanguard-makes-525m-Piceance-deal Houston’s Vanguard Natural Resources has agreed to buy out Bill Barrett from the Gibson Gulch gas assets in Colorado's Piceance basin for $525 million. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1376843/Vanguard-makes-525m-Piceance-deal Tue, 16 Sep 2014 11:34:18 +0000 live Sulzer in double company buy http://www.upstreamonline.com/live/1376841/Sulzer-in-double-company-buy Swiss equipment player Sulzer has added to its stable of services with the acquisition of a pair of Dutch companies. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1376841/Sulzer-in-double-company-buy Tue, 16 Sep 2014 10:58:09 +0000 live Key Capital takes GeoGlobal stake http://www.upstreamonline.com/live/1376815/Key-Capital-takes-GeoGlobal-stake US player Key Capital Corporation has acquired a 65% interest in Calgary-based GeoGlobal Resources, which has oil & gas assets in India, Israel and Colombia. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1376815/Key-Capital-takes-GeoGlobal-stake Tue, 16 Sep 2014 08:14:07 +0000 live Brasa delivers Cidade de Ilhabela http://www.upstreamonline.com/live/1376806/Brasa-delivers-Cidade-de-Ilhabela Petrobras has gotten its hands on another new floating production, storage and offloading unit after the Cidade de Ilhabela left a Brazilian yard on Monday. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1376806/Brasa-delivers-Cidade-de-Ilhabela Tue, 16 Sep 2014 07:40:28 +0000 live ALE completes Qld load http://www.upstreamonline.com/live/1376796/ALE-completes-Qld-load UK heavy-lift company ALE said it has completed the load-out of 111 modules bound for the Gladstone liquefied natural gas project in Australia. (Russell Searancke) http://www.upstreamonline.com/live/1376796/ALE-completes-Qld-load Tue, 16 Sep 2014 05:51:28 +0000 live SBM wins Noble GOM work http://www.upstreamonline.com/live/1376795/SBM-wins-Noble-GOM-work Dutch player SBM Offshore has won a contract for work with Noble Energy in the US Gulf of Mexico at the Big Bend and Dantzler fields. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1376795/SBM-wins-Noble-GOM-work Tue, 16 Sep 2014 05:41:27 +0000 live Swissco buys first liftboat http://www.upstreamonline.com/live/1376790/Swissco-buys-first-liftboat Singaporean marine service provider Swissco is set to add its first liftboat to its fleet in a US$56 million deal. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1376790/Swissco-buys-first-liftboat Tue, 16 Sep 2014 02:56:09 +0000 live BP Alaska to lay off staff http://www.upstreamonline.com/live/1376786/BP-Alaska-to-lay-off-staff The Alaskan unit of UK giant BP has unveiled plans to lay off 275 employees and direct contractors early next year. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1376786/BP-Alaska-to-lay-off-staff Tue, 16 Sep 2014 01:58:38 +0000 live BCP nears Nido control http://www.upstreamonline.com/live/1376772/BCP-nears-Nido-control The A$113 million (US$105.5 million) takeover offer for Australian junior Nido Petroleum by BCP Energy International is now free of all conditions and is set to move ahead. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1376772/BCP-nears-Nido-control Tue, 16 Sep 2014 00:43:17 +0000 live Colombian contractors shot dead http://www.upstreamonline.com/live/1376771/Colombian-contractors-shot-dead Two contractors carrying out work for Colombia's Ecopetrol have been shot dead following an attack in North Santander, Colombia. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1376771/Colombian-contractors-shot-dead Tue, 16 Sep 2014 00:35:13 +0000 live Paragon gets rig extensions http://www.upstreamonline.com/live/1376770/Paragon-gets-rig-extensions Rig owner Paragon Offshore has been awarded extensions on several vessel contracts around the world. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1376770/Paragon-gets-rig-extensions Mon, 15 Sep 2014 23:50:51 +0000 live Technip sells diving vessel fleet http://www.upstreamonline.com/live/1376741/Technip-sells-diving-vessel-fleet US marine contractor Ranger Offshore has agreed to acquire Technip’s entire diving vessel fleet in North America, the French engineering and construction giant revealed on Monday. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1376741/Technip-sells-diving-vessel-fleet Mon, 15 Sep 2014 18:09:30 +0000 live Pieter Schelte commences sea trials http://www.upstreamonline.com/live/1376740/Pieter-Schelte-commences-sea-trials The world's largest offshore vessel, Allseas' platform installation and removal behemoth Pieter Schelte, has commenced sea trials near Daewoo Shipbuilding & Marine Engineering’s shipyard in Okpo, South Korea. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1376740/Pieter-Schelte-commences-sea-trials Mon, 15 Sep 2014 17:45:48 +0000 live Galp E&P boss resigns http://www.upstreamonline.com/live/1376738/Galp-EP-boss-resigns The head of exploration and production for Lisbon-based Galp Energia has resigned as the integrated Portuguese company positions itself for a major upstream expansion in the coming years. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1376738/Galp-EP-boss-resigns Mon, 15 Sep 2014 17:27:51 +0000 live Vantage in $636m IPO lift-off http://www.upstreamonline.com/live/1376723/Vantage-in-636m-IPO-lift-off Vantage Energy has set its sights on up to $636 million as it launched an initial public offering (IPO) in New York on Monday. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1376723/Vantage-in-636m-IPO-lift-off Mon, 15 Sep 2014 13:58:02 +0000 live Siem benefits from sales http://www.upstreamonline.com/live/1376720/Siem-benefits-from-sales Siem Industries saw profits rise more than threefold in the first half of the year as the parent of offshore vessel owner Siem Offshore recorded significant gains on divestments. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1376720/Siem-benefits-from-sales Mon, 15 Sep 2014 13:29:54 +0000 live IKM nets $16m Eni subsea work http://www.upstreamonline.com/live/1376697/IKM-nets-16m-Eni-subsea-work Italian major Eni has handed Norway’s IKM Subsea a long-term deal to supply ROV services on its chartered semi-submersible Scarabeo 7 off Indonesia. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1376697/IKM-nets-16m-Eni-subsea-work Mon, 15 Sep 2014 11:07:29 +0000 live Bergen Group bags rig job http://www.upstreamonline.com/live/1376694/Bergen-Group-bags-rig-job Bergen Group has secured a classification job on semi-submersible Borgland Dolphin under a letter of intent worth Nkr350 million ($54.7 million) awarded by Fred Olsen Energy’s rig subsidiary Dolphin Drilling. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1376694/Bergen-Group-bags-rig-job Mon, 15 Sep 2014 10:31:53 +0000 live Standard in Prospector share buy http://www.upstreamonline.com/live/1376693/Standard-in-Prospector-share-buy Oslo-listed Standard Drilling has been reinvented as a rig investor by major backer Oystein Stray Spetalen and acquired some of his shares in Prospector Offshore Drilling to re-enter the jack-up business. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1376693/Standard-in-Prospector-share-buy Mon, 15 Sep 2014 10:11:48 +0000 live PTTEP plans $1bn Mozambique spend http://www.upstreamonline.com/live/1376688/PTTEP-plans-1bn-Mozambique-spend Thailand’s PTT Exploration & Production (PTTEP) is to spend up to $1 billion on its non-operated interest in Mozambique over the next few years, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1376688/PTTEP-plans-1bn-Mozambique-spend Mon, 15 Sep 2014 08:55:05 +0000 live Dolphin wins more 3D work http://www.upstreamonline.com/live/1376681/Dolphin-wins-more-3D-work Dolphin Geophysical has been awarded a contract to carry out 3D seismic in the Indian Ocean for an unnamed independent. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1376681/Dolphin-wins-more-3D-work Mon, 15 Sep 2014 07:29:22 +0000 live Drillsearch appoints Ambassador director http://www.upstreamonline.com/live/1376665/Drillsearch-appoints-Ambassador-director Australia’s Drillsearch has appointed a representative to the board of takeover target, Ambassador Oil & Gas. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1376665/Drillsearch-appoints-Ambassador-director Mon, 15 Sep 2014 06:38:32 +0000 live Petrobras charters Aker Wayfarer http://www.upstreamonline.com/live/1376671/Petrobras-charters-Aker-Wayfarer Aker Solutions subsidiary Aker Oilfield Services (AOS) has been awarded a five-year contract to provide subsea intervention services for Brazilian giant Petrobras using its vessel Aker Wayfarer. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1376671/Petrobras-charters-Aker-Wayfarer Mon, 15 Sep 2014 06:37:46 +0000 live Energy & Exploration files for IPO http://www.upstreamonline.com/live/1376606/Energy--Exploration-files-for-IPO Texas-based onshore player Energy & Exploration Partners has filed with US securities regulators for an initial public offering of common stock aimed to raise around $400 million. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1376606/Energy--Exploration-files-for-IPO Fri, 12 Sep 2014 20:15:57 +0000 live Noble books two rigs in US Gulf http://www.upstreamonline.com/live/1376600/Noble-books-two-rigs-in-US-Gulf Rig owner Noble Corporation has signed a pair of new contracts for work in the US Gulf of Mexico at substantially reduced dayrates. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1376600/Noble-books-two-rigs-in-US-Gulf Fri, 12 Sep 2014 17:24:16 +0000 live OGPar gains discount on OSX 3 floater http://www.upstreamonline.com/live/1376580/OGPar-gains-discount-on-OSX-3-floater Brazilian independent OGPar has completed a deal first put forward earlier this year to gain a cheaper dayrate on its OSX 3 floater from former sister company OSX. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1376580/OGPar-gains-discount-on-OSX-3-floater Fri, 12 Sep 2014 15:08:43 +0000 live Subsea 7 'to lay off staff' http://www.upstreamonline.com/live/1376573/Subsea-7-to-lay-off-staff Subsea 7 is reportedly cutting its Norwegian workforce by between 100 and 150 staff as cost-cutting and project delays by the country’s dominant operator Statoil have hit its orderbook. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1376573/Subsea-7-to-lay-off-staff Fri, 12 Sep 2014 13:00:23 +0000 live BP in LNG deal with Tepco http://www.upstreamonline.com/live/1376541/BP-in-LNG-deal-with-Tepco UK supermajor BP has signed a 17-year liquefied natural gas deal with Japan's largest electricity utility Tokyo Electric Power Company (Tepco). Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1376541/BP-in-LNG-deal-with-Tepco Fri, 12 Sep 2014 06:59:15 +0000 live Statoil in $1.3bn asset sale http://www.upstreamonline.com/live/1376540/Statoil-in-1.3bn-asset-sale Statoil is selling more assets off Norway in a $1.3 billion deal with Wintershall that will see the Norwegian state-owned giant shed part of its operated stake in the Aasta Hansteen gas field, among other holdings. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1376540/Statoil-in-1.3bn-asset-sale Fri, 12 Sep 2014 06:42:37 +0000 live Noble Paul Wolff set for Asia move http://www.upstreamonline.com/live/1376520/Noble-Paul-Wolff-set-for-Asia-move Semi-submerisble rig Noble Paul Wolff is set to leave Brazil for a shipyard in South-East Asia where the rig owner will determine the fate of the drilling unit. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1376520/Noble-Paul-Wolff-set-for-Asia-move Fri, 12 Sep 2014 00:30:22 +0000 live Continental president resigns http://www.upstreamonline.com/live/1376505/Continental-president-resigns Continental Resources lost its president and chief operating officer Rick Bott, who left the US oil giant "to pursue other opportunities". Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1376505/Continental-president-resigns Thu, 11 Sep 2014 21:53:08 +0000 live Dolphin shooting for Russia http://www.upstreamonline.com/live/1376480/Dolphin-shooting-for-Russia Dolphin Geophysical remains intent on pushing for more seismic work in Russia after winning a key contract despite the threat of further sanctions that could hit future awards. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1376480/Dolphin-shooting-for-Russia Thu, 11 Sep 2014 14:52:11 +0000 live OneSubsea's Rowe gets Cameron role http://www.upstreamonline.com/live/1376310/OneSubseas-Rowe-gets-Cameron-role OneSubsea chief executive Scott Rowe has been appointed president and chief operating officer of US services giant Cameron. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1376310/OneSubseas-Rowe-gets-Cameron-role Thu, 11 Sep 2014 11:26:27 +0000 live Eni CEO probed over Nigeria block deal http://www.upstreamonline.com/live/1376303/Eni-CEO-probed-over-Nigeria-block-deal Eni's chief executive Claudio Descalzi is under "preliminary investigation" by Italian authorities over the company's purchase of a stake in a Nigerian block earlier this decade. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1376303/Eni-CEO-probed-over-Nigeria-block-deal Thu, 11 Sep 2014 09:17:29 +0000 live Gazprom profit chopped http://www.upstreamonline.com/live/1376296/Gazprom-profit-chopped A devalued home currency and an impairment largely related to a bad debt provision in Ukraine sent net profit tumbling at Gazprom in the first quarter. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1376296/Gazprom-profit-chopped Thu, 11 Sep 2014 07:36:51 +0000 live Technip lands Kodiak contract http://www.upstreamonline.com/live/1376292/Technip-lands-Kodiak-contract French engineering player Technip has been awarded a subsea contract by Deep Gulf Energy on the Kodiak project in the Gulf of Mexico. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1376292/Technip-lands-Kodiak-contract Thu, 11 Sep 2014 06:22:48 +0000 live UMW newbuild to head to Vietnam http://www.upstreamonline.com/live/1376283/UMW-newbuild-to-head-to-Vietnam Malaysia's UMW Oil & Gas has been awarded a contract by Petrovietnam Drilling & Well Services (PV Drilling) which will see it provide a jack-up rig off Vietnam. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1376283/UMW-newbuild-to-head-to-Vietnam Thu, 11 Sep 2014 00:42:47 +0000 live Statoil: 'Cost cuts paying off' http://www.upstreamonline.com/live/1376239/Statoil-Cost-cuts-paying-off Norwegian operator Statoil says its cost-efficiency drive is starting to give results in the form of, among other things, cheaper and faster drilling. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1376239/Statoil-Cost-cuts-paying-off Wed, 10 Sep 2014 14:27:27 +0000 live Hoegh eyes FSRU newbuild orders http://www.upstreamonline.com/live/1376242/Hoegh-eyes-FSRU-newbuild-orders Hoegh LNG is eyeing imminent orders for further newbuild floating storage and regasification vessels after raising cash in a recent US stocklisting as it targets forecast explosive growth in liquefied natural gas demand over the coming years. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1376242/Hoegh-eyes-FSRU-newbuild-orders Wed, 10 Sep 2014 14:26:38 +0000 live Pilenko positive on Brazil http://www.upstreamonline.com/live/1376205/Pilenko-positive-on-Brazil French oil services player Technip is upbeat about its prospects in Brazil. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1376205/Pilenko-positive-on-Brazil Wed, 10 Sep 2014 13:51:48 +0000 live Kvaerner 'sale option' on table http://www.upstreamonline.com/live/1376218/Kvaerner-sale-option-on-table Kvaerner has not ruled out a possible sale of the company as part of a newly launched process to pursue strategic alternatives to further develop the business of the Norwegian engineering and construction contractor. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1376218/Kvaerner-sale-option-on-table Wed, 10 Sep 2014 13:04:34 +0000 live Odfjell nets long-term Statoil job http://www.upstreamonline.com/live/1376207/Odfjell-nets-long-term-Statoil-job Odfjell Drilling has scooped a long-term service agreement from Statoil covering operations on the Norwegian continental shelf. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1376207/Odfjell-nets-long-term-Statoil-job Wed, 10 Sep 2014 12:49:13 +0000 live Kurdistan 'export nod' for DNO http://www.upstreamonline.com/live/1376193/Kurdistan-export-nod-for-DNO DNO has been given the green light by the Kurdistan regional authorities to pursue independent oil exports from the semi-autonomous region of northern Iraq, even though an export deal has yet to be hammered out with the federal government. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1376193/Kurdistan-export-nod-for-DNO Wed, 10 Sep 2014 11:33:33 +0000 live SembMarine buys SSP Offshore for $21m http://www.upstreamonline.com/live/1376174/SembMarine-buys-SSP-Offshore-for-21m Singapore’s Sembcorp Marine has acquired substantially all the assets of Houston-based floating production and drilling design and engineering specialists SSP Offshore for $21 million. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1376174/SembMarine-buys-SSP-Offshore-for-21m Wed, 10 Sep 2014 10:06:35 +0000 live SacOil acquires Egypt's Lagia oilfield http://www.upstreamonline.com/live/1376166/SacOil-acquires-Egypts-Lagia-oilfield South Africa’s SacOil has agreed to acquire Egypt’s Lagia onshore oilfield from Toronto-listed Mena Hydrocarbons for shares and debt repayments worth up to $14.1 million. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1376166/SacOil-acquires-Egypts-Lagia-oilfield Wed, 10 Sep 2014 08:33:01 +0000 live Trio in North Sea field agreement http://www.upstreamonline.com/live/1376165/Trio-in-North-Sea-field-agreement Xcite Energy, Statoil and EnQuest have signed a collaboration agreement to study the possible use of common gas import infrastructure across three nearby North Sea heavy-oil fields. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1376165/Trio-in-North-Sea-field-agreement Wed, 10 Sep 2014 08:27:47 +0000 live Kvaerner seeks 'strategic alternatives' http://www.upstreamonline.com/live/1376161/Kvaerner-seeks-strategic-alternatives Norway's Kvaerner is to "evaluate all strategic alternatives" as it looks to "accelerate" its development. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1376161/Kvaerner-seeks-strategic-alternatives Wed, 10 Sep 2014 07:31:09 +0000 live MEO nets Chevron work http://www.upstreamonline.com/live/1376154/MEO-nets-Chevron-work Singapore-listed Miclyn Express Offshore (MEO) has won three contracts to work for Chevron in the Gulf of Thailand. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1376154/MEO-nets-Chevron-work Wed, 10 Sep 2014 05:36:34 +0000 live Mermaid to expand http://www.upstreamonline.com/live/1376153/Mermaid-to-expand Bangkok-based Mermaid Maritime has established a 100%-owned subsidiary Mermaid International Ventures (MIV) to expand its global presence. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1376153/Mermaid-to-expand Wed, 10 Sep 2014 05:14:57 +0000 live Senex and QGC in Surat asset swap http://www.upstreamonline.com/live/1376144/Senex-and-QGC-in-Surat-asset-swap Australia’s Senex Energy has agreed an asset swap with a joint venture headed by BG Group subsidiary QGC in the Surat basin, onshore Queensland. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1376144/Senex-and-QGC-in-Surat-asset-swap Wed, 10 Sep 2014 02:34:07 +0000 live STW buys water conservation outfit http://www.upstreamonline.com/live/1376139/STW-buys-water-conservation-outfit Texas-based water consultant STW Resources Holding plans to buy privately held Permian service provider Black Pearl Energy of Midland for just under $2 million. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1376139/STW-buys-water-conservation-outfit Tue, 09 Sep 2014 23:02:24 +0000 live Delphi bulks up in Montney http://www.upstreamonline.com/live/1376137/Delphi-bulks-up-in-Montney Calgary-based Delphi Energy has added to its Montney shale assets in British Columbia and sold off some other assets to fund the purchase and to speed up development of other properties in the emerging unconventional play. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1376137/Delphi-bulks-up-in-Montney Tue, 09 Sep 2014 22:26:15 +0000 live Chesapeake must face fraud charges http://www.upstreamonline.com/live/1376115/Chesapeake-must-face-fraud-charges Chesapeake Energy must proceed to trial on 21 felony counts alleging that its leasing practices defrauded landowners in Michigan, but the company won dismissal of two charges in a related anti-trust case brought by the state. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1376115/Chesapeake-must-face-fraud-charges Tue, 09 Sep 2014 18:40:46 +0000 live Oil and gas vacancies 'at four-year high' http://www.upstreamonline.com/live/1376095/Oil-and-gas-vacancies-at-four-year-high Global oil and gas has shown “encouraging signs of continued hiring” during the second quarter with increased vacancies in all regions except Oceania, according to a regular analysis. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1376095/Oil-and-gas-vacancies-at-four-year-high Tue, 09 Sep 2014 14:50:38 +0000 live Aker Solutions 'wields staff axe' http://www.upstreamonline.com/live/1376082/Aker-Solutions-wields-staff-axe Norwegian offshore contractor Aker Solutions is set to slash between 80 and 100 jobs at its Bergen office, according to a report. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1376082/Aker-Solutions-wields-staff-axe Tue, 09 Sep 2014 13:55:48 +0000 live Russia 'to back' sanctions-hit firms http://www.upstreamonline.com/live/1376073/Russia-to-back-sanctions-hit-firms Russia’s prime minister has pledged the government will provide support for domestic energy companies, including privately-owned players such as Novatek, in the face of Western sanctions, according to a report. Steve.Marshall@upstreamonline.com (Steve Marshall), (News Wires) http://www.upstreamonline.com/live/1376073/Russia-to-back-sanctions-hit-firms Tue, 09 Sep 2014 12:27:29 +0000 live Bilfinger 'to axe jobs' http://www.upstreamonline.com/live/1376056/Bilfinger-to-axe-jobs Bilfinger is reportedly set to axe more than a third of its 1500-strong workforce in Norway in the latest round of redundancies resulting from a reduction in oilfield services activity due to spending cutbacks by state-owned Statoil and other operators. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1376056/Bilfinger-to-axe-jobs Tue, 09 Sep 2014 09:17:38 +0000 live