www.upstreamonline.com http://www.upstreamonline.com/ www.upstreamonline.com Magnum Hunter in $23m Bakken sale http://www.upstreamonline.com/live/1378624/Magnum-Hunter-in-23m-Bakken-sale US shale player Magnum Hunter Resources confirmed that it sold off a package of non-operated assets in the Bakken tight-oil play for about $23 million in cash. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1378624/Magnum-Hunter-in-23m-Bakken-sale Tue, 30 Sep 2014 20:19:28 +0000 live NOV in $3bn share buyback plan http://www.upstreamonline.com/live/1378623/NOV-in-3bn-share-buyback-plan US equipment maker National Oilwell Varco saw its share price fall late on Tuesday after it said it plans to spend $3 billion to buy back its common stock over the next few years. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1378623/NOV-in-3bn-share-buyback-plan Tue, 30 Sep 2014 20:11:50 +0000 live Schlumberger staff 'to exit Russia’ http://www.upstreamonline.com/live/1378598/Schlumberger-staff-to-exit-Russia’ Schlumberger is pulling a raft of expatriate workers out of Russia amid sanctions imposed on the country over the annexation of Crimea from Ukraine, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1378598/Schlumberger-staff-to-exit-Russia’ Tue, 30 Sep 2014 15:21:21 +0000 live Murphy Oil nets $2bn in Malaysia farmout http://www.upstreamonline.com/live/1378580/Murphy-Oil-nets-2bn-in-Malaysia-farmout US independent Murphy Oil has sold a 30% stake in its Malaysian oil and gas assets to Indonesia's PT Pertamina for $2 billion cash. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1378580/Murphy-Oil-nets-2bn-in-Malaysia-farmout Tue, 30 Sep 2014 14:10:34 +0000 live LNG terminal job for Neste Jacobs http://www.upstreamonline.com/live/1378570/LNG-terminal-job-for-Neste-Jacobs Neste Jacobs has been enlisted to carry out engineering, procurement and construction management work on a new liquefied natural gas import terminal at the port of Pori in Finland. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1378570/LNG-terminal-job-for-Neste-Jacobs Tue, 30 Sep 2014 13:19:00 +0000 live Bellatrix bolsters war chest http://www.upstreamonline.com/live/1378560/Bellatrix-bolsters-war-chest Calgary-based Bellatrix Exploration has secured a further $250 million under a newly minted joint venture with a private equity investor to bankroll development of its Canadian onshore acreage. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1378560/Bellatrix-bolsters-war-chest Tue, 30 Sep 2014 12:40:53 +0000 live Pertamina ‘eyes US shale entry’ http://www.upstreamonline.com/live/1378525/Pertamina-‘eyes-US-shale-entry’ Indonesian state outfit Pertamina is in talks to buy a stake in a company that produces shale gas from the prolific Eagle Ford basin in the US, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1378525/Pertamina-‘eyes-US-shale-entry’ Tue, 30 Sep 2014 08:45:05 +0000 live Samsung to launch overseas yard http://www.upstreamonline.com/live/1378502/Samsung-to-launch-overseas-yard Samsung Heavy Industries of South Korea is revamping its manufacturing operations and launching its first overseas facility so it can focus its domestic work on upstream oil and gas projects, according to a report. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1378502/Samsung-to-launch-overseas-yard Mon, 29 Sep 2014 21:12:10 +0000 live Modiin Energy loses Israel licences http://www.upstreamonline.com/live/1378453/Modiin-Energy-loses-Israel-licences Tel Aviv’s Modiin Energy has seen its Gabriella and Yam Hadera licences off Israel expire due to not meeting the work programme commitments. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1378453/Modiin-Energy-loses-Israel-licences Mon, 29 Sep 2014 13:19:03 +0000 live ExxonMobil-Rosneft pact 'up in the air' http://www.upstreamonline.com/live/1378449/ExxonMobil-Rosneft-pact-up-in-the-air The fate of ExxonMobil’s joint venture with Rosneft for Arctic exploration has been thrown into uncertainty amid reports the US giant may have to suspend its co-operation with the Russian giant due to Western sanctions after the pair recorded a discovery with a debut well in the Kara Sea. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1378449/ExxonMobil-Rosneft-pact-up-in-the-air Mon, 29 Sep 2014 13:03:18 +0000 live BOW nets Pieter Schelte work http://www.upstreamonline.com/live/1378432/BOW-nets-Pieter-Schelte-work Dutch contractor BOW Terminal had landed a deal that will see the Allseas-owned platform installation and removal behemoth Pieter Schelte carry out pre-commissioning tests on its premises. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1378432/BOW-nets-Pieter-Schelte-work Mon, 29 Sep 2014 11:30:46 +0000 live Encana buys Athlon for $5.93bn http://www.upstreamonline.com/live/1378418/Encana-buys-Athlon-for-5.93bn Canada's Encana has agreed to acquire Texas independent Athlon Energy under an all-cash tender offer worth $5.93 billion. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1378418/Encana-buys-Athlon-for-5.93bn Mon, 29 Sep 2014 10:10:43 +0000 live BP, Dana Gas gain Nile Delta permits http://www.upstreamonline.com/live/1378407/BP-Dana-Gas-gain-Nile-Delta-permits BP and Dana Gas have been awarded a block onshore Egypt’s Nile Delta and Dana Gas has been awarded another onshore permit in Cairo’s recent Egas bidding round. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1378407/BP-Dana-Gas-gain-Nile-Delta-permits Mon, 29 Sep 2014 09:02:43 +0000 live Ocean Installer nets Brazil pre-salt work http://www.upstreamonline.com/live/1378390/Ocean-Installer-nets-Brazil-pre-salt-work Norway’s Ocean Installer has landed a deal to support Italy’s Saipem on a subsea contract from Petrobras at pre-salt fields off Brazil. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1378390/Ocean-Installer-nets-Brazil-pre-salt-work Mon, 29 Sep 2014 07:37:13 +0000 live CGG bags Gabon survey work http://www.upstreamonline.com/live/1378385/CGG-bags-Gabon-survey-work CGG has secured an exclusive deal with Gabon’s Hydrocarbons Ministry to carry out an extensive multi-client 3D seismic survey programme over deep-water acreage in the West African country’s prospective pre-salt play. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1378385/CGG-bags-Gabon-survey-work Mon, 29 Sep 2014 06:43:32 +0000 live Akastor gets Brazilian extension http://www.upstreamonline.com/live/1378382/Akastor-gets-Brazilian-extension Newly-named Akastor, formerly known as Aker Solutions, has been awarded an extension of a contract for work with Petrobras in Brazil. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1378382/Akastor-gets-Brazilian-extension Mon, 29 Sep 2014 06:13:36 +0000 live Nam Cheong adds $41m to order book http://www.upstreamonline.com/live/1378378/Nam-Cheong-adds-41m-to-order-book Singapore-listed Nam Cheong has netted $41 million worth of deals, with the sale of three vessels. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1378378/Nam-Cheong-adds-41m-to-order-book Mon, 29 Sep 2014 02:55:37 +0000 live Scott platform still offline http://www.upstreamonline.com/live/1378334/Scott-platform-still-offline Nexen Petroleum’s Scott platform in the UK North Sea remains offline, according to Endeavour International, a partner of the Chinese-owned company in the Rochelle tie-back. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1378334/Scott-platform-still-offline Fri, 26 Sep 2014 23:11:26 +0000 live Shoal Point, Black Spruce cancel deal http://www.upstreamonline.com/live/1378333/Shoal-Point-Black-Spruce-cancel-deal Canadian juniors Black Spruce Exploration and Shoal Point Energy have terminated a joint venture to explore the Green Point oil shale in western Newfoundland & Labrador. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1378333/Shoal-Point-Black-Spruce-cancel-deal Fri, 26 Sep 2014 23:02:17 +0000 live Gasfrac extends contract with Husky http://www.upstreamonline.com/live/1378330/Gasfrac-extends-contract-with-Husky Calgary-based Gasfrac Energy Services has signed a three-year extension to its contract with Husky Energy of Canada to provide fracturing services across the operator's operations in the Western Canada sedimentary basin. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1378330/Gasfrac-extends-contract-with-Husky Fri, 26 Sep 2014 19:20:15 +0000 live ShawCor bags $200m Shah Deniz 2 gig http://www.upstreamonline.com/live/1378319/ShawCor-bags-200m-Shah-Deniz-2-gig Toronto-listed ShawCor has won a $200 million contract from BP for pipeline coating of a line serving the UK supermajor's Shah Deniz Stage 2 megaproject in the Caspian Sea off Azerbaijan. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1378319/ShawCor-bags-200m-Shah-Deniz-2-gig Fri, 26 Sep 2014 17:25:16 +0000 live Sistema 'to clarify situation' http://www.upstreamonline.com/live/1378265/Sistema-to-clarify-situation Russian oil-to-telecoms conglomerate Sistema is seeking to "clarify" the situation that on Friday saw its shareholding in compatriot oil producer Bashneft seized by state authorities. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1378265/Sistema-to-clarify-situation Fri, 26 Sep 2014 13:22:56 +0000 live Sistema execs ‘flee Russia’ http://www.upstreamonline.com/live/1378238/Sistema-execs-‘flee-Russia’ A number of executives in under-fire Russian conglomerate Sistema are said to have fled the country as charges against chairman Vladimir Yevtushenkov have been increased as the state seizes control of the company’s shares in Bashneft. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1378238/Sistema-execs-‘flee-Russia’ Fri, 26 Sep 2014 11:37:50 +0000 live Africa Oilfield Logistics to buy Ardan http://www.upstreamonline.com/live/1378222/Africa-Oilfield-Logistics-to-buy-Ardan London-listed services start-up Africa Oilfield Logistics is buy out Nairobi-based Ardan Logistics Kenya in a reverse takeover. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1378222/Africa-Oilfield-Logistics-to-buy-Ardan Fri, 26 Sep 2014 08:37:47 +0000 live Polarcus in Oz surveys http://www.upstreamonline.com/live/1378211/Polarcus-in-Oz-surveys Polarcus has been awarded a pair of contracts with undisclosed clients to carry out 3D seismic surveys off Australia. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1378211/Polarcus-in-Oz-surveys Fri, 26 Sep 2014 07:45:56 +0000 live Russia seizes Sistema's Bashneft shares http://www.upstreamonline.com/live/1378208/Russia-seizes-Sistemas-Bashneft-shares Russian authorities have seized the shares in domestic oil player Bashneft owned by compatriot conglomerate Sistema, whose chairman remains under house arrest. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1378208/Russia-seizes-Sistemas-Bashneft-shares Fri, 26 Sep 2014 07:13:32 +0000 live Duo sign up for UK work http://www.upstreamonline.com/live/1378206/Duo-sign-up-for-UK-work North Sea-focused Independent Oil & Gas (IOG) has signed a deal with Ping Petroleum to jointly evaluate and bid for a number of assets on the UK Continental Shelf. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1378206/Duo-sign-up-for-UK-work Fri, 26 Sep 2014 07:07:57 +0000 live BHP, Pemex sign MOU http://www.upstreamonline.com/live/1378196/BHP-Pemex-sign-MOU Supermajor BHP Billiton and Mexican state player Pemex have signed an agreement to collaborate in the Mexican market. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1378196/BHP-Pemex-sign-MOU Fri, 26 Sep 2014 01:44:10 +0000 live GPB to tender in Africa http://www.upstreamonline.com/live/1378193/GPB-to-tender-in-Africa Dutch-headquartered GPB Global Resources is tendering for geophysical services related to its Afar exploration project in Ethiopia. (Russell Searancke) http://www.upstreamonline.com/live/1378193/GPB-to-tender-in-Africa Fri, 26 Sep 2014 01:15:38 +0000 live Vantage postpones IPO http://www.upstreamonline.com/live/1378173/Vantage-postpones-IPO Private equity-backed Vantage Energy has delayed its initial public offering of stock citing "unfavourable equity market conditions", according to a company filing. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1378173/Vantage-postpones-IPO Thu, 25 Sep 2014 17:09:33 +0000 live Still waters for Maersk drillship http://www.upstreamonline.com/live/1378142/Still-waters-for-Maersk-drillship Maersk Drilling has officially named its fourth newbuild ultra-deepwater drillship at a South Korean yard – but revealed it is still without a contract for the unit amid a drilling market slump. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1378142/Still-waters-for-Maersk-drillship Thu, 25 Sep 2014 14:35:42 +0000 live Batista hit with ‘insider trading’ charges http://www.upstreamonline.com/live/1378130/Batista-hit-with-‘insider-trading’-charges Brazilian businessman Eike Batista and his former head of exploration and production at OGX Paulo Mendonca were among eight executives charged with white collar crimes this week. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1378130/Batista-hit-with-‘insider-trading’-charges Thu, 25 Sep 2014 14:22:32 +0000 live Court 'rejects' BP claim on payments http://www.upstreamonline.com/live/1378131/Court-rejects-BP-claim-on-payments A US judge has reportedly ruled that BP will not be able to recoup any compensation payments it has made in connection with the Macondo blowout and oil spill in the Gulf of Mexico. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1378131/Court-rejects-BP-claim-on-payments Thu, 25 Sep 2014 12:55:03 +0000 live CB&I wins Ain Tsila FEED job http://www.upstreamonline.com/live/1378047/CBI-wins-Ain-Tsila-FEED-job CB&I has landed the front-end engineering and design contract for the onshore Ain Tsila gas and condensate field development in Algeria. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1378047/CBI-wins-Ain-Tsila-FEED-job Thu, 25 Sep 2014 12:16:31 +0000 live Turmoil axes Sistema’s $191m Bashneft buy http://www.upstreamonline.com/live/1378016/Turmoil-axes-Sistema’s-191m-Bashneft-buy The arrest of its chairman and continued uncertainty over the financial footing of the company has scuppered Russian conglomerate Sistema’s proposed $191 million purchase of petrochemical assets from subsidiary oil player Bashneft. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1378016/Turmoil-axes-Sistema’s-191m-Bashneft-buy Thu, 25 Sep 2014 12:04:37 +0000 live Yevtushenkov arrest 'extended' http://www.upstreamonline.com/live/1378008/Yevtushenkov-arrest-extended A Moscow court is reported to have extended the house arrest of Vladimir Yevtushenkov on charges of money laundering after rejecting an appeal from the Russian oil and telecoms tycoon. Steve.Marshall@upstreamonline.com (Steve Marshall), (News Wires) http://www.upstreamonline.com/live/1378008/Yevtushenkov-arrest-extended Thu, 25 Sep 2014 10:53:48 +0000 live Eni wins Egypt blocks trio http://www.upstreamonline.com/live/article1377989.ece Eni is expanding its footprint in Egypt with the award of three new exploration licences both onshore and offshore under the North African country’s latest acreage rounds. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/article1377989.ece Thu, 25 Sep 2014 09:21:09 +0000 live Lundin gains Malaysia block http://www.upstreamonline.com/live/1377970/Lundin-gains-Malaysia-block Lundin Petroleum is set to add to its haul of operated blocks off Malaysia with the acquisition of another tract from state-owned Petronas Carigali. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1377970/Lundin-gains-Malaysia-block Thu, 25 Sep 2014 08:20:11 +0000 live Morgan Stanley deal 'at risk' for Rosneft http://www.upstreamonline.com/live/1377959/Morgan-Stanley-deal-at-risk-for-Rosneft Russia’s state-owned Rosneft may be forced to pull the plug on a planned acquisition of Morgan Stanley’s oil trading unit as Western sanctions would make it virtually impossible to finance day-to-day operations, according to a report. Steve.Marshall@upstreamonline.com (Steve Marshall), (News Wires) http://www.upstreamonline.com/live/1377959/Morgan-Stanley-deal-at-risk-for-Rosneft Thu, 25 Sep 2014 06:55:42 +0000 live Cairn farms down at Catcher http://www.upstreamonline.com/live/1377957/Cairn-farms-down-at-Catcher Cairn Energy has sold off a raft of licence stakes in the North Sea to Dutch player Dyas, including a 10% interest in the Catcher development. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1377957/Cairn-farms-down-at-Catcher Thu, 25 Sep 2014 06:50:55 +0000 live SapuraKencana profit leaps http://www.upstreamonline.com/live/1377955/SapuraKencana-profit-leaps Malaysia’s SapuraKencana has posted record profit for the half-year on the back of bumper revenues. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1377955/SapuraKencana-profit-leaps Thu, 25 Sep 2014 06:17:19 +0000 live BCP sets final Nido offer http://www.upstreamonline.com/live/1377949/BCP-sets-final-Nido-offer Thailand’s BCP Energy International has firmed up its final offer for Australian junior Nido Petroleum, as the offer becomes unconditional. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1377949/BCP-sets-final-Nido-offer Thu, 25 Sep 2014 01:00:25 +0000 live BHP gets US boost http://www.upstreamonline.com/live/1377947/BHP-gets-US-boost Mining giant BHP Billiton is continuing on its divestment and demerger path to get the company’s bottom line in order, as its petroleum business books a number of impairments. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1377947/BHP-gets-US-boost Thu, 25 Sep 2014 00:28:34 +0000 live Continental 'tweaks history' for Hamm divorce http://www.upstreamonline.com/live/1377944/Continental-tweaks-history-for-Hamm-divorce US shale giant Continental Resources is taking a decidedly more modest posture in recounting its historical achievements as a multi-billion-dollar divorce battle involving founder Harold Hamm rages in court. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1377944/Continental-tweaks-history-for-Hamm-divorce Wed, 24 Sep 2014 22:00:48 +0000 live Black Elk CEO leaves, forms new company http://www.upstreamonline.com/live/1377932/Black-Elk-CEO-leaves-forms-new-company Black Elk Energy founder John Hoffman has quit as chief executive of the offshore-focused company and quickly formed another outfit that will concentrate on onshore oil and gas exploration in the Lower 48 US states. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1377932/Black-Elk-CEO-leaves-forms-new-company Wed, 24 Sep 2014 18:55:21 +0000 live Cabot adds 30,000 acres in Eagle Ford http://www.upstreamonline.com/live/1377913/Cabot-adds-30000-acres-in-Eagle-Ford US independent Cabot Oil & Gas has a deal in place with a private seller to buy another 30,000 acres in the Eagle Ford shale play in South Texas for $210 million it cash and the company raised $925 million in debt to cover the purchase price. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1377913/Cabot-adds-30000-acres-in-Eagle-Ford Wed, 24 Sep 2014 16:04:00 +0000 live Spectrum lands Peru offshore seismic work http://www.upstreamonline.com/live/1377905/Spectrum-lands-Peru-offshore-seismic-work US seismic player Spectrum has landed a contract to reprocess a package of 2D offshore seismic off Peru in advance of an expected bid round later this year. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1377905/Spectrum-lands-Peru-offshore-seismic-work Wed, 24 Sep 2014 15:19:26 +0000 live Bravo in $250m Oklahoma splash http://www.upstreamonline.com/live/1377886/Bravo-in-250m-Oklahoma-splash Bravo Natural Resources is snapping up a large number of producing wells in Oklahoma in a deal worth $250 million. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1377886/Bravo-in-250m-Oklahoma-splash Wed, 24 Sep 2014 14:28:09 +0000 live Hess launches Bakken midstream IPO bid http://www.upstreamonline.com/live/1377846/Hess-launches-Bakken-midstream-IPO-bid Hess Midstream Partners, a spin-off of US giant Hess, has begun its bid for an initial public offering in New York. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1377846/Hess-launches-Bakken-midstream-IPO-bid Wed, 24 Sep 2014 12:15:36 +0000 live SBM in giant Yme insurance claim http://www.upstreamonline.com/live/1377813/SBM-in-giant-Yme-insurance-claim SBM Offshore has submitted an insurance claim of nearly $1.3 billion to recoup losses on construction of the ill-fated newbuild Yme platform that would be split equally with field operator Talisman Energy if it proves successful. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1377813/SBM-in-giant-Yme-insurance-claim Wed, 24 Sep 2014 10:25:59 +0000 live Fredriksen buys more Flex LNG shares http://www.upstreamonline.com/live/1377805/Fredriksen-buys-more-Flex-LNG-shares A company linked with Seadrill chairman John Fredriksen has upped its stake in liquefied natural gas carrier player Flex LNG to bolster its position as main shareholder. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1377805/Fredriksen-buys-more-Flex-LNG-shares Wed, 24 Sep 2014 09:45:09 +0000 live EMGS in Barents data sale http://www.upstreamonline.com/live/1377798/EMGS-in-Barents-data-sale Electromagnetic Geoservices (EMGS) has sold 3D data from the Barents Sea to an unnamed client in a licensing deal worth $3.5 million. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1377798/EMGS-in-Barents-data-sale Wed, 24 Sep 2014 08:42:47 +0000 live Sevan bags Bream floater FEED http://www.upstreamonline.com/live/1377780/Sevan-bags-Bream-floater-FEED Sevan Marine has been awarded a front-end engineering and design contract for a cylindrical floating production unit for Premier Oil’s Bream field off Norway, potentially paving the way for a leased floater award for Teekay. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1377780/Sevan-bags-Bream-floater-FEED Wed, 24 Sep 2014 06:38:03 +0000 live TMJV launches at exhibition http://www.upstreamonline.com/live/1377776/TMJV-launches-at-exhibition Paris-based Technip has formally launched a joint venture with Malaysia Marine & Heavy Engineering (MMHE) at the Malaysia Oil & Gas Services Exhibition & Conference in Kuala Lumpur. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1377776/TMJV-launches-at-exhibition Wed, 24 Sep 2014 06:21:10 +0000 live Central ready to cash in http://www.upstreamonline.com/live/1377770/Central-ready-to-cash-in Australia's Central Petroleum has raised A$6 million (US$5.31 million) that it will use to tap into the nation's gas-starved east coast market. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1377770/Central-ready-to-cash-in Wed, 24 Sep 2014 03:41:42 +0000 live Fort Hills taps Fluor for oil sands gig http://www.upstreamonline.com/live/1377751/Fort-Hills-taps-Fluor-for-oil-sands-gig Fluor has been awarded a $1.3 billion contract for engineering, procurement, fabrication and construction of the Fort Hills oil sands mining project in Northern Canada. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1377751/Fort-Hills-taps-Fluor-for-oil-sands-gig Tue, 23 Sep 2014 20:57:53 +0000 live Statoil joins pledge to reduce methane http://www.upstreamonline.com/live/1377711/Statoil-joins-pledge-to-reduce-methane Statoil and five other large oil companies have signed a pact to reduce methane emissions in conjunction with a global UN-backed summit to help fight climate change. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1377711/Statoil-joins-pledge-to-reduce-methane Tue, 23 Sep 2014 16:08:40 +0000 live Total in $450m Utica midstream sale http://www.upstreamonline.com/live/1377690/Total-in-450m-Utica-midstream-sale French supermajor Total is shedding its midstream Utica assets in the US through the sale of its sizeable interest in Cardinal Gas Services (CGS). Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1377690/Total-in-450m-Utica-midstream-sale Tue, 23 Sep 2014 12:43:39 +0000 live PetroFirst gains $225m floater finance http://www.upstreamonline.com/live/1377678/PetroFirst-gains-225m-floater-finance The infrastructure investment joint venture of UK-listed oilfield services player Petrofac and private equity player First Reserve has gained a $225 million six-year facility to finance two floating production facilities. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1377678/PetroFirst-gains-225m-floater-finance Tue, 23 Sep 2014 11:15:08 +0000 live Aker in 'new job cuts' http://www.upstreamonline.com/live/1377672/Aker-in-new-job-cuts Aker Solutions is set to slash another 175 staff as a reduction in platform maintenance and modification work off Norway has hit its order book, according to a report. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1377672/Aker-in-new-job-cuts Tue, 23 Sep 2014 10:46:14 +0000 live Charter party for vessel owner http://www.upstreamonline.com/live/1377656/Charter-party-for-vessel-owner Deep Sea Supply has secured multiple charters covering a total of 1000 days for four of its supply vessels with a mystery subsea contractor. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1377656/Charter-party-for-vessel-owner Tue, 23 Sep 2014 09:58:29 +0000 live Buru completes placement http://www.upstreamonline.com/live/1377605/Buru-completes-placement Australia-listed Buru Energy could get involved in a gas-to-methanol plant in Western Australia after a share placement to Coogee Chemicals. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1377605/Buru-completes-placement Tue, 23 Sep 2014 03:16:15 +0000 live PTTEP buys Shell Brazil stake http://www.upstreamonline.com/live/1377596/PTTEP-buys-Shell-Brazil-stake Thai state-owned player PTTEP has agreed to buy a 20% stake in the BM-ES-23 oil and gas concession off Brazil from Anglo-Dutch supermajor Shell. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1377596/PTTEP-buys-Shell-Brazil-stake Mon, 22 Sep 2014 22:52:08 +0000 live Transocean books new work http://www.upstreamonline.com/live/1377591/Transocean-books-new-work Rig owner Transocean has booked a one-well job for ultra-deepwater semi-submersible Jack Bates before it starts up on a new contract off Australia as another semisub, currently idle, found work starting next year. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1377591/Transocean-books-new-work Mon, 22 Sep 2014 22:16:28 +0000 live Carbo warns of lower sales http://www.upstreamonline.com/live/1377546/Carbo-warns-of-lower-sales Proppant manufacturer Carbo Ceramics warned on Monday that its sales volumes would be lower in the third quarter due to difficult market conditions including lower demand for its products. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1377546/Carbo-warns-of-lower-sales Mon, 22 Sep 2014 18:02:17 +0000 live Magnolia aims for vertical Lime pay http://www.upstreamonline.com/live/1377505/Magnolia-aims-for-vertical-Lime-pay London-listed junior Magnolia Petroleum plans to expand its production base of minority interests in US onshore plays by drilling low-cost operated vertical wells on its leases in the Mississippi Lime/Woodford shale play. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1377505/Magnolia-aims-for-vertical-Lime-pay Mon, 22 Sep 2014 15:43:35 +0000 live Petronas keeps Maersk Convincer http://www.upstreamonline.com/live/1377515/Petronas-keeps-Maersk-Convincer Malaysia’s Petronas Carigali is to hold onto a Maersk Drilling jack-up unit it has had on charter since 2011 for one more year. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1377515/Petronas-keeps-Maersk-Convincer Mon, 22 Sep 2014 14:47:30 +0000 live Chapman takes chair at Golar LNG http://www.upstreamonline.com/live/1377495/Chapman-takes-chair-at-Golar-LNG Former BG Group chief executive Frank Chapman has taken the reins as chairman at liquefied natural gas carrier player Golar LNG. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1377495/Chapman-takes-chair-at-Golar-LNG Mon, 22 Sep 2014 13:36:24 +0000 live Statoil 'paper chase' in Angola http://www.upstreamonline.com/live/1377478/Statoil-paper-chase-in-Angola Statoil is reported to be trying to trace the identity of mystery shareholders behind a new partner set to be brought onboard a block off Angola amid concerns they may be linked to the presidency of the West African country. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1377478/Statoil-paper-chase-in-Angola Mon, 22 Sep 2014 12:28:04 +0000 live Rockefeller fund ‘to quit fossil fuels’ http://www.upstreamonline.com/live/1377472/Rockefeller-fund-‘to-quit-fossil-fuels’ US-based philanthropic organisation Rockefeller Brothers Fund is poised to cut all its ties with fossil fuel industries and instead invest in clean energy, according to reports. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1377472/Rockefeller-fund-‘to-quit-fossil-fuels’ Mon, 22 Sep 2014 12:18:12 +0000 live Velocys wins CompactGTL patent case http://www.upstreamonline.com/live/1377459/Velocys-wins-CompactGTL-patent-case The UK’s High Court has found in favour of US-based gas-to-liquids specialist Velocys in its patent infringement case taken against its UK-based rival, CompactGTL. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1377459/Velocys-wins-CompactGTL-patent-case Mon, 22 Sep 2014 09:50:55 +0000 live Total targets $10bn asset sales http://www.upstreamonline.com/live/1377449/Total-targets-10bn-asset-sales Total is aiming to sell $10 billion-worth of assets over the next three years as the French supermajor also targets large-scale cost cuts. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1377449/Total-targets-10bn-asset-sales Mon, 22 Sep 2014 08:30:14 +0000 live TGS wins US Gulf shoot http://www.upstreamonline.com/live/1377447/TGS-wins-US-Gulf-shoot Oslo-listed seismic contractor TGS has secured a further 3D survey in the deep-water Gulf of Mexico under the so-called Explorer Series data acquisition programme. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1377447/TGS-wins-US-Gulf-shoot Mon, 22 Sep 2014 07:52:49 +0000 live Work halted on Sevan Developer http://www.upstreamonline.com/live/1377443/Work-halted-on-Sevan-Developer Sevan Drilling has called a halt to construction work on a cylindrical rig pending talks with the Chinese yard on possible cancellation of the newbuild contract. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1377443/Work-halted-on-Sevan-Developer Mon, 22 Sep 2014 07:21:27 +0000 live Siemens in $7.6bn Dresser-Rand buy http://www.upstreamonline.com/live/1377442/Siemens-in-7.6bn-Dresser-Rand-buy Siemens is bolstering its presence in the North American oil & gas market with the $7.6 billion purchase of oilfield services player Dresser-Rand. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1377442/Siemens-in-7.6bn-Dresser-Rand-buy Mon, 22 Sep 2014 07:15:31 +0000 live Total buys Faroe Glenlivet stake http://www.upstreamonline.com/live/1377437/Total-buys-Faroe-Glenlivet-stake London-listed Faroe Petroleum has sold off its interest in the undeveloped West of Shetland Glenlivet gas field off the UK. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1377437/Total-buys-Faroe-Glenlivet-stake Mon, 22 Sep 2014 06:42:46 +0000 live Otto sheds Galoc http://www.upstreamonline.com/live/1377412/Otto-sheds-Galoc Australia-listed Otto Energy has divested its flagship Galoc asset in the Philippines for US$101.4 million. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1377412/Otto-sheds-Galoc Mon, 22 Sep 2014 00:30:30 +0000 live 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