www.upstreamonline.com http://www.upstreamonline.com/ www.upstreamonline.com Woodside dishes out Browse subsea FEED http://www.upstreamonline.com/live/1405307/woodside-dishes-out-browse-subsea-feed Cameron and Schlumberger joint venture company OneSubsea has been awarded a front-end engineering and design contract on Woodside Petroleum's proposed Browse floating liquefied natural gas development, off Western Australia. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1405307/woodside-dishes-out-browse-subsea-feed Tue, 07 Jul 2015 01:17:06 +0000 live Emas wins trio of contracts http://www.upstreamonline.com/live/americas/1405303/emas-wins-trio-of-contracts Offshore service provider Emas Offshore has landed three contracts in West Africa and the Gulf of Thailand worth a combined $24 million. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/americas/1405303/emas-wins-trio-of-contracts Mon, 06 Jul 2015 23:56:52 +0000 live live_americas Atwood books jack-up work http://www.upstreamonline.com/live/1405302/atwood-books-jack-up-work Rig owner Atwood Oceanics has extended a contract for jack-up Atwood Beacon for additional work off Italy. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1405302/atwood-books-jack-up-work Mon, 06 Jul 2015 22:57:37 +0000 live Legacy inks Texas deals http://www.upstreamonline.com/live/1405301/legacy-inks-texas-deals Legacy Reserves has signed a $440 million deal to buy a package of producing natural gas assets in the East Texas basin from Anadarko Petroleum and signed a separate joint venture with financial player TPG to develop acreage in the Permian basin. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1405301/legacy-inks-texas-deals Mon, 06 Jul 2015 22:33:29 +0000 live Statoil hits total depth at Thorvald http://www.upstreamonline.com/live/1405299/statoil-hits-total-depth-at-thorvald Norwegian operator Statoil has reached total depth at Thorvald, its latest exploration effort in the US Gulf of Mexico, as it prepares to welcome a second rig to the North American deep-water region. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1405299/statoil-hits-total-depth-at-thorvald Mon, 06 Jul 2015 21:58:56 +0000 live Gastar finally closes asset sale http://www.upstreamonline.com/live/1405298/gastar-finally-closes-asset-sale Gastar Exploration has closed on the sale of assets in Oklahoma after giving the unnamed buyer of the package more time to come up with the $46.1 million purchase price. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1405298/gastar-finally-closes-asset-sale Mon, 06 Jul 2015 21:54:44 +0000 live Technip plans 6000 layoffs http://www.upstreamonline.com/live/1405285/technip-plans-6000-layoffs French engineering giant Technip will lay off some 6000 workers as part of a major restructuring effort aimed at countering a business environment that the company reckons will get even more challenging in coming months. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1405285/technip-plans-6000-layoffs Mon, 06 Jul 2015 16:25:58 +0000 live Magellan ‘considers options’ http://www.upstreamonline.com/incoming/1405277/magellan-considers-options Magellan Petroleum is considering “various strategic alternatives”, including asset sales and a merger or sale of the company, the Denver-based player said on Monday. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1405277/magellan-considers-options Mon, 06 Jul 2015 15:27:29 +0000 ece_incoming Danish gig for COSL http://www.upstreamonline.com/live/1405273/danish-gig-for-cosl COSL Drilling Europe is reported to have secured a new contract for its accommodation unit COSL Rigmar, cushioning the blow of recent setbacks for employment of its rig fleet. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1405273/danish-gig-for-cosl Mon, 06 Jul 2015 14:08:52 +0000 live Black Swan due to start drilling http://www.upstreamonline.com/incoming/1405272/black-swan-due-to-start-drilling Private-equity backed Black Swan Energy is planning to drill up to 10 wells on the newly- acquired Nig acreage in north-eastern British Columbia in Canada, with spudding expected by the end of the month, the company said. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1405272/black-swan-due-to-start-drilling Mon, 06 Jul 2015 14:05:23 +0000 ece_incoming ISS nets Rashid C work http://www.upstreamonline.com/live/1405271/iss-nets-rashid-c-work UK-based Inchcape Shipping Services (ISS) has signed a contract with Technip to provide marine agency services and offshore logistics on Dubai Petroleum Establishment's Rashid C project in the Persian Gulf. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1405271/iss-nets-rashid-c-work Mon, 06 Jul 2015 13:17:59 +0000 live Heerema scoops Oranje-Nassau platform job http://www.upstreamonline.com/live/1405265/heerema-scoops-oranje-nassau-platform-job Dutch contractor Heerema Fabrication Group has bagged a contract to build the topsides and jacket for an unmanned North Sea gas platform from compatriot Oranje-Nassau Energie. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1405265/heerema-scoops-oranje-nassau-platform-job Mon, 06 Jul 2015 13:04:55 +0000 live Drydocks World finishes Prelude Turret http://www.upstreamonline.com/live/1405256/drydocks-world-finishes-prelude-turret United Arab Emirates yard Drydocks World has completed the massive turret for Shell’s Prelude floating liquefied natural gas project off Western Australia. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1405256/drydocks-world-finishes-prelude-turret Mon, 06 Jul 2015 12:00:06 +0000 live Lights on at Perla http://www.upstreamonline.com/incoming/1405251/lights-on-at-perla Production has started at the Perla giant offshore gas field in the Gulf of Venezuela, according to project partners Eni and Repsol. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1405251/lights-on-at-perla Mon, 06 Jul 2015 11:23:22 +0000 ece_incoming Linn exits Wolfcamp, inks $1.5bn tie-ups http://www.upstreamonline.com/live/1405249/linn-exits-wolfcamp-inks-usd-15bn-tie-ups Linn Energy is exiting the Wolfcamp play in the US Permian basin after inking a $281 million sale deal. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1405249/linn-exits-wolfcamp-inks-usd-15bn-tie-ups Mon, 06 Jul 2015 10:58:51 +0000 live Work dries up for EMGS http://www.upstreamonline.com/live/1405246/work-dries-up-for-emgs Electromagnetic Geoservices (EMGS) could be left with two of its remaining three vessels idle, after earlier deciding to remove a fourth unit from its fleet due to a market slump. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1405246/work-dries-up-for-emgs Mon, 06 Jul 2015 10:39:59 +0000 live GMS in decommissioning debut http://www.upstreamonline.com/incoming/1405240/gms-in-decommissioning-debut Gulf Marine Services (GMS) has been contracted to carry out its first decommissioning job under an existing contract for work in the southern North Sea. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1405240/gms-in-decommissioning-debut Mon, 06 Jul 2015 10:20:15 +0000 ece_incoming Semco bags Cat-D award http://www.upstreamonline.com/live/1405235/semco-bags-cat-d-award Danish contractor Semco Maritime has won preparatory work on the first of four so-called Category D newbuild rigs for Songa Offshore in a debut deal for its newly acquired Hanoytangen facility in Norway. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1405235/semco-bags-cat-d-award Mon, 06 Jul 2015 09:14:46 +0000 live Aqualis gets Ayatsil A rig job http://www.upstreamonline.com/incoming/1405228/aqualis-gets-ayatsil-a-rig-job Norwegian engineering consultancy Aqualis Offshore has been contracted by Perforadora Mexico to support with the transportation and installation of a platform rig for a fixed platform off Mexico. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1405228/aqualis-gets-ayatsil-a-rig-job Mon, 06 Jul 2015 09:05:34 +0000 ece_incoming Ophir shutting offices, axing staff http://www.upstreamonline.com/live/1405223/ophir-shutting-offices-axing-staff Ophir Energy is closing half of its offices and laying off staff as it looks to chop costs after a busy year of acquisitions. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1405223/ophir-shutting-offices-axing-staff Mon, 06 Jul 2015 08:51:22 +0000 live Providence increases Irish block stake http://www.upstreamonline.com/incoming/1405219/providence-increases-irish-block-stake Providence Resources has increased its stake in the Frontier exploration licence (FEL) 3/04 off Ireland after acquiring for a nominal consideration Atlantic Petroleum's 4% share in the project. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1405219/providence-increases-irish-block-stake Mon, 06 Jul 2015 08:21:01 +0000 ece_incoming Velocys suspends CEO over alleged ‘misconduct’ http://www.upstreamonline.com/live/1405217/velocys-suspends-ceo-over-alleged-misconduct Gas-to-liquids (GTL) player Velocys has seen its share price plunge after its chief executive was suspended over “allegations of serious misconduct”. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1405217/velocys-suspends-ceo-over-alleged-misconduct Mon, 06 Jul 2015 08:04:36 +0000 live LGO finds more Trinidad pay http://www.upstreamonline.com/incoming/1405216/lgo-finds-more-trinidad-pay LGO Energy has encountered more oil and gas at its fourth well drilled this year on the Goudron oilfield in south-east Trinidad, the London-listed player said on Monday. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1405216/lgo-finds-more-trinidad-pay Mon, 06 Jul 2015 07:47:29 +0000 ece_incoming Quartet in Aramco LTA win http://www.upstreamonline.com/live/1405212/quartet-in-aramco-lta-win Saudi Aramco has finally put pen to paper on the lucrative long-term agreements (LTA) award to look after the state giant’s offshore oil and gas facilities. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1405212/quartet-in-aramco-lta-win Mon, 06 Jul 2015 07:39:28 +0000 live Tullow in Norway swap deal http://www.upstreamonline.com/live/1405215/tullow-in-norway-swap-deal UK player Tullow Oil will gain a substantial slice of the Salander prospect in the Norwegian Sea, set to be drilled later this summer, while exiting a Barents Sea licence under an asset swap deal with E.ON E&P. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1405215/tullow-in-norway-swap-deal Mon, 06 Jul 2015 07:24:01 +0000 live Viking buys land rig http://www.upstreamonline.com/live/1405201/viking-buys-land-rig Singapore-listed Viking Offshore & Marine has entered into a sale and purchase agreement for a land drilling rig which it will then lease-back on a 48-month contract. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1405201/viking-buys-land-rig Mon, 06 Jul 2015 02:05:40 +0000 live AGL warns of upstream impairments http://www.upstreamonline.com/live/1405196/agl-warns-of-upstream-impairments Australian company AGL expects to book an after-tax asset impairment of about A$435 million (US$326.6 million) and revealed plans to sell off under-performing and non-core assets following a review of its upstream gas business. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1405196/agl-warns-of-upstream-impairments Mon, 06 Jul 2015 01:50:13 +0000 live Bendine takes a pragmatic stand http://www.upstreamonline.com/live/1405153/bendine-takes-a-pragmatic-stand The new business plan unveiled by Petrobras is an attempt to achieve a soft landing for a company that has paid a high price for the overweening ambitions of government masters. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1405153/bendine-takes-a-pragmatic-stand Fri, 03 Jul 2015 15:34:47 +0000 live Videocon plans ‘$2.5bn Brazil investments’ http://www.upstreamonline.com/incoming/1405161/videocon-plans-usd-25bn-brazil-investments Videocon Industries has plans to invest $2.5 billion in oil and gas ventures in Brazil over the next two to three years, according to reports. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1405161/videocon-plans-usd-25bn-brazil-investments Fri, 03 Jul 2015 15:20:36 +0000 ece_incoming Brazil's Maua yard shuts doors http://www.upstreamonline.com/live/1405154/brazils-maua-yard-shuts-doors Brazil's Estaleiro Maua shipyard temporarily suspended operations on Friday, just one week after laying off 1000 workers as a result of cash flow problems. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1405154/brazils-maua-yard-shuts-doors Fri, 03 Jul 2015 15:08:13 +0000 live Shell dishes out Appomattox deals http://www.upstreamonline.com/live/1405152/shell-dishes-out-appomattox-deals Shell is awarding contracts to US and South Korean players to provide a large semi-submersible production platorm for the Appomattox field development in the Gulf of Mexico it sanctioned this week. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1405152/shell-dishes-out-appomattox-deals Fri, 03 Jul 2015 14:04:06 +0000 live EnerMech gets $10m BP deal http://www.upstreamonline.com/incoming/1405144/enermech-gets-usd-10m-bp-deal EnerMech has been awarded a one-year extension of an existing cranes and lifting contract worth $10 million by BP for services in the Caspian Sea. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1405144/enermech-gets-usd-10m-bp-deal Fri, 03 Jul 2015 13:19:38 +0000 ece_incoming Total ‘nears Mahakam decision’ http://www.upstreamonline.com/incoming/1405133/total-nears-mahakam-decision Total is due to decide within days how much interest it will retain from 2018 in Indonesia's offshore Mahakam oil and gas block, as partner Inpex “is ready to continue no matter what”, according to reports.  (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1405133/total-nears-mahakam-decision Fri, 03 Jul 2015 11:39:07 +0000 ece_incoming QGI 'rescues Petrobras topsides deal' http://www.upstreamonline.com/live/1405132/qgi-rescues-petrobras-topsides-deal Brazilian yard QGI has salvaged a previously-awarded deal for the supply and integration of topsides modules for a pair of floating production storage and offloading units for state giant Petrobras, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1405132/qgi-rescues-petrobras-topsides-deal Fri, 03 Jul 2015 11:32:11 +0000 live Gullfaks wet gas compressor installed http://www.upstreamonline.com/incoming/1405122/gullfaks-wet-gas-compressor-installed Statoil has installed its first subsea wet gas compressor at one of its platforms on the Gullfaks field off Norway. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1405122/gullfaks-wet-gas-compressor-installed Fri, 03 Jul 2015 09:42:25 +0000 ece_incoming Fjords wins Sverdrup contracts http://www.upstreamonline.com/incoming/1405112/fjords-wins-sverdrup-contracts Norway-based Fjords Processing has won three contracts from compatriot oil major Statoil for the delivery of processing technology at the Johan Sverdrup field in the North Sea. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1405112/fjords-wins-sverdrup-contracts Fri, 03 Jul 2015 08:25:22 +0000 ece_incoming Subsea 7 picks up Australian contracts http://www.upstreamonline.com/live/1405105/subsea-7-picks-up-australian-contracts UK company Subsea 7 has been awarded four emergency pipeline repair contracts off Australia by US supermajor Chevron and Japanese giant Inpex. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1405105/subsea-7-picks-up-australian-contracts Fri, 03 Jul 2015 07:04:10 +0000 live Lingo let go from Drillsearch http://www.upstreamonline.com/live/1405100/lingo-let-go-from-drillsearch The chief executive of Australian company Drillsearch Energy has left the company by mutual consent. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1405100/lingo-let-go-from-drillsearch Fri, 03 Jul 2015 02:22:38 +0000 live Repsol meet and greet in PNG http://www.upstreamonline.com/live/1405098/repsol-meet-and-greet-in-png An executive from Spanish energy company Repsol is reportedly in Papua New Guinea reassuring the PNG government the company is committed to Talisman Energy's assets. russell.searancke@upstreamonline.com (Russell Searancke) http://www.upstreamonline.com/live/1405098/repsol-meet-and-greet-in-png Fri, 03 Jul 2015 01:57:32 +0000 live Vantage denies ties in Petrobras case http://www.upstreamonline.com/live/1405084/vantage-denies-ties-in-petrobras-case Offshore contractor Vantage Drilling has denied reports connecting the company to the arrest of Jorge Luiz Zelada, the former international director of Petrobras. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1405084/vantage-denies-ties-in-petrobras-case Thu, 02 Jul 2015 20:16:57 +0000 live Petro River Chinese deal cancelled http://www.upstreamonline.com/live/1405083/petro-river-chinese-deal-cancelled US junior Petro River Oil said an $87.5 million deal to sell one of its subsidiaries to a Chinese services company has fallen through. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1405083/petro-river-chinese-deal-cancelled Thu, 02 Jul 2015 19:43:17 +0000 live Green group: BP deal 'victory for wildlife' http://www.upstreamonline.com/live/1405066/green-group-bp-deal-victory-for-wildlife The record-setting $18.7 billion settlement that BP will pay over the 2010 Macondo oil spill in the US Gulf of Mexico was hailed as a victory for wildlife by one of the country's leading green groups Thursday. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1405066/green-group-bp-deal-victory-for-wildlife Thu, 02 Jul 2015 18:33:56 +0000 live Fugro Synergy wins US Gulf work http://www.upstreamonline.com/live/1405080/fugro-synergy-wins-us-gulf-work Offshore services player Fugro has secured work in the US Gulf of Mexico for its multi-purpose drilling, well-intervention and geotechnical vessel Fugro Synergy. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1405080/fugro-synergy-wins-us-gulf-work Thu, 02 Jul 2015 18:15:58 +0000 live Enbridge buys stake in Delfin LNG http://www.upstreamonline.com/live/1405061/enbridge-buys-stake-in-delfin-lng Canadian pipeline operator Enbridge has bought a 5% equity stake in a proposed floating liquefied natural gas project in the US Gulf of Mexico. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1405061/enbridge-buys-stake-in-delfin-lng Thu, 02 Jul 2015 15:43:30 +0000 live Gulf Island wins Trinidad jacket prize http://www.upstreamonline.com/live/1405057/gulf-island-wins-trinidad-jacket-prize US contractor Gulf Island Fabrication has clinched a contract to provide key equipment for a project off Trinidad & Tobago but has remained mum on details of the deal. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1405057/gulf-island-wins-trinidad-jacket-prize Thu, 02 Jul 2015 14:58:59 +0000 live Plexus inks Yantai Jereh deal http://www.upstreamonline.com/live/1405047/plexus-inks-yantai-jereh-deal Chinese player Yantai Jereh Oilfield Services Group is taking a stake in Plexus Holdings as it also signs a licence agreement with the UK-based equipment player. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1405047/plexus-inks-yantai-jereh-deal Thu, 02 Jul 2015 13:50:58 +0000 live BP in $18.7bn Macondo settlement http://www.upstreamonline.com/incoming/1405046/bp-in-usd-187bn-macondo-settlement BP has reached a record-setting agreement with the US federal government and five states that will see the UK supermajor dish out $18.7 billion over the 2010 Gulf of Mexico oil spill. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1405046/bp-in-usd-187bn-macondo-settlement Thu, 02 Jul 2015 13:12:57 +0000 ece_incoming Red7Marine offshore wing goes bust http://www.upstreamonline.com/live/1405041/red7marine-offshore-wing-goes-bust The oil price collapse has been partly blamed after the offshore business of UK services player Red7Marine Group went bust, with the loss of dozens of jobs. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1405041/red7marine-offshore-wing-goes-bust Thu, 02 Jul 2015 12:20:40 +0000 live Axis in open-ended Cosco rig delay http://www.upstreamonline.com/live/1405030/axis-in-open-ended-cosco-rig-delay Axis Offshore is extending delivery of a flotel under construction in China but there remains uncertainty as to whether the company can take delivery at all. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1405030/axis-in-open-ended-cosco-rig-delay Thu, 02 Jul 2015 11:51:57 +0000 live Worldview tries to halt Petroceltic bond issue http://www.upstreamonline.com/incoming/1405028/worldview-tries-to-halt-petroceltic-bond-issue Worldview Capital Management is calling for an extraordinary general meeting to prevent Petroceltic International from issuing bonds that would "squander shareholder value”, despite the explorer’s claim that it has investors’ backing. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1405028/worldview-tries-to-halt-petroceltic-bond-issue Thu, 02 Jul 2015 10:49:19 +0000 ece_incoming Noreco backs out of Denmark licences http://www.upstreamonline.com/incoming/1405011/noreco-backs-out-of-denmark-licences Noreco has terminated its joint venture and its participation in the Nini and Cecile oilfields in the Danish section of the North Sea, the Norwegian independent said on Thursday. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1405011/noreco-backs-out-of-denmark-licences Thu, 02 Jul 2015 08:52:05 +0000 ece_incoming Emerson acquires Norwegian software player http://www.upstreamonline.com/incoming/1405009/emerson-acquires-norwegian-software-player Emerson Process Management has acquired a Norwegian production optimisation software company to help expand its Roxar Software Solutions and straighten its upstream capabilities, the company said on Thursday. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1405009/emerson-acquires-norwegian-software-player Thu, 02 Jul 2015 08:08:56 +0000 ece_incoming Taqa denies merger reports http://www.upstreamonline.com/live/1405008/taqa-denies-merger-reports Abu Dhabi National Energy Company, known as Taqa, has denied that it is in the process of being merged with any other company in the emirate or elsewhere. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1405008/taqa-denies-merger-reports Thu, 02 Jul 2015 08:07:56 +0000 live Johan Sverdrup spoils divvied up http://www.upstreamonline.com/live/1405002/johan-sverdrup-spoils-divvied-up Two partners in the Johan Sverdrup field development have seen their ownership stakes reduced while another two have increased their share as authorities decided on the apportioning of interests in the giant field off Norway. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1405002/johan-sverdrup-spoils-divvied-up Thu, 02 Jul 2015 07:38:25 +0000 live Bumi to invest in FPSO unit http://www.upstreamonline.com/live/1404996/bumi-to-invest-in-fpso-unit Malaysia's Bumi Armada is focusing on its core floating production storage and offloading vessel business by allocating an additional 120 million ringgit ($31.8 million) to a new total of 1.52 billion ringgit. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1404996/bumi-to-invest-in-fpso-unit Thu, 02 Jul 2015 04:30:21 +0000 live Opus takes delivery of drillship http://www.upstreamonline.com/live/1404995/opus-takes-delivery-of-drillship Singaporean rig owner Opus Offshore has taken delivery of the conventionally-moored drillship Opus Tiger. (Xu Yihe) http://www.upstreamonline.com/live/1404995/opus-takes-delivery-of-drillship Thu, 02 Jul 2015 03:56:23 +0000 live Lucas, Victory reach settlement http://www.upstreamonline.com/live/1404989/lucas-victory-reach-settlement Lucas Energy and its would-be merger partner Victory Energy has reached a settlement agreement after their non-binding combination deal fell through. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1404989/lucas-victory-reach-settlement Wed, 01 Jul 2015 22:22:26 +0000 live Hamm sues over Facebook post http://www.upstreamonline.com/live/1404986/hamm-sues-over-facebook-post Continental Resources chief executive Harold Hamm has sued a fellow Oklahoma oil man for defamation, claiming the man made remarks via Facebook that damaged Hamm's mental well-being and reputation. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1404986/hamm-sues-over-facebook-post Wed, 01 Jul 2015 20:29:17 +0000 live Expro records $344.5m impairments http://www.upstreamonline.com/incoming/1404858/expro-records-usd-3445m-impairments Expro has booked a non-cash accounting charge of $344.5 million to record an impairment on goodwill and intangible assets, amid unstable market conditions, the engineering group said on Wednesday. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1404858/expro-records-usd-3445m-impairments Wed, 01 Jul 2015 16:07:43 +0000 ece_incoming FourPoint bags Anadarko basin assets http://www.upstreamonline.com/live/1404857/fourpoint-bags-anadarko-basin-assets Denver-based independent FourPoint Energy will acquire 250,000 acres in Oklahoma's Anadarko basin in three related deals with Chesapeake Energy. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1404857/fourpoint-bags-anadarko-basin-assets Wed, 01 Jul 2015 16:02:31 +0000 live Trio in Mexico offshore seismic MoU http://www.upstreamonline.com/live/1404849/trio-in-mexico-offshore-seismic-mou A trio of seismic stalwarts have formed a partnership to gather up to 100,000 line kilometres of 2D seismic in Mexico as the North American nation gears up for its Round 1 acreage giveaway. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1404849/trio-in-mexico-offshore-seismic-mou Wed, 01 Jul 2015 15:52:15 +0000 live Comstock sells East Eagle Ford assets http://www.upstreamonline.com/live/1404855/comstock-sells-east-eagle-ford-assets Texas-based Comstock Resources has agreed to sell off its East Texas Eagle Ford assets for cash that will help fund its drilling programme in the Hayneville shale and elsewhere. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1404855/comstock-sells-east-eagle-ford-assets Wed, 01 Jul 2015 15:38:29 +0000 live KMG ‘to sell half of Kashagan stake’ http://www.upstreamonline.com/live/1404843/kmg-to-sell-half-of-kashagan-stake Kazakhstan’s KazMunaiGas (KMG) is selling one half of its stake in the giant Kashagan project in the Caspian Sea to the state sovereign wealth fund as it looks to pay down debt, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1404843/kmg-to-sell-half-of-kashagan-stake Wed, 01 Jul 2015 15:20:42 +0000 live China tests new oil and gas trading centre http://www.upstreamonline.com/incoming/1404841/china-tests-new-oil-and-gas-trading-centre China's first online oil and gas trading platform entered the test run stage after a launching ceremony on Wednesday in Shanghai, as the world's largest energy consumer looks to extend its influence over global commodity pricing. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1404841/china-tests-new-oil-and-gas-trading-centre Wed, 01 Jul 2015 14:29:51 +0000 ece_incoming EMGS in $2m data licensing deal http://www.upstreamonline.com/incoming/1404829/emgs-in-usd-2m-data-licensing-deal Electromagnetic Geoservices (EMGS) has entered into two new data licensing agreements for the provision of 3D electromagnetic data from its multi-client data library in the Barents Sea. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1404829/emgs-in-usd-2m-data-licensing-deal Wed, 01 Jul 2015 12:58:30 +0000 ece_incoming Energy XXI sells East Bay field http://www.upstreamonline.com/incoming/1404823/energy-xxi-sells-east-bay-field US Gulf of Mexico shelf producer Energy XXI has closed the sale of its East Bay oilfield off New Orleans for $21 million to a private buyer. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1404823/energy-xxi-sells-east-bay-field Wed, 01 Jul 2015 11:38:22 +0000 ece_incoming Statoil suspends Saipem rig deal http://www.upstreamonline.com/live/1404821/statoil-suspends-saipem-rig-deal Statoil has decided to suspend a charter with a Saipem-owned drilling rig due to overcapacity in its rig portfolio. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1404821/statoil-suspends-saipem-rig-deal Wed, 01 Jul 2015 11:05:30 +0000 live Exmar in $2.3bn Flex, Geveran merger http://www.upstreamonline.com/incoming/1404819/exmar-in-usd-23bn-flex-geveran-merger Antwerp-based Exmar has signed a $2.3 billion financing agreement with Flex LNG and billionaire John Fredriksen in a liquefied natural gas assets deal that will see a newly-formed company operate a 13-vessels fleet. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1404819/exmar-in-usd-23bn-flex-geveran-merger Wed, 01 Jul 2015 11:02:13 +0000 ece_incoming Noreco sells Oselvar field stakes http://www.upstreamonline.com/incoming/1404810/noreco-sells-oselvar-field-stakes Oslo-listed independent Noreco is selling a 15% stake in two of its licences off Norway to CapeOmega for a total consideration of Nkr201 million ($25.5 million). (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1404810/noreco-sells-oselvar-field-stakes Wed, 01 Jul 2015 08:57:49 +0000 ece_incoming Ukraine halts Russian gas imports http://www.upstreamonline.com/incoming/1404801/ukraine-halts-russian-gas-imports Ukraine has suspended Russian gas purchases stating on Wednesday amid failed talks on a pricing plan for the next period. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1404801/ukraine-halts-russian-gas-imports Wed, 01 Jul 2015 08:22:14 +0000 ece_incoming Global Maritime wins Oz contract http://www.upstreamonline.com/live/1404798/global-maritime-wins-oz-contract Norwegian company Global Maritime has been awarded a mooring and rig move contract off Western Australia by Quadrant Energy. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1404798/global-maritime-wins-oz-contract Wed, 01 Jul 2015 06:55:15 +0000 live Sweeping changes at SembMarine http://www.upstreamonline.com/live/1404793/sweeping-changes-at-sembmarine Singapore offshore construction giant Sembcorp Marine has unveiled a series of organisational changes that will eventually lead to its well-known subsidiaries coming under one name. russell.searancke@upstreamonline.com (Russell Searancke) http://www.upstreamonline.com/live/1404793/sweeping-changes-at-sembmarine Wed, 01 Jul 2015 04:23:39 +0000 live TSC orders more jack-ups http://www.upstreamonline.com/live/1404791/tsc-orders-more-jack-ups TSC Group Holdings subsidiary Alliance Offshore Drilling has exercised options with China's CSSC Huangpu Wenchong Shipyard for two additional jack-up rigs. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1404791/tsc-orders-more-jack-ups Wed, 01 Jul 2015 01:16:35 +0000 live Island to proceed with Navigator http://www.upstreamonline.com/live/1404788/island-to-proceed-with-navigator Norwegian marine contractor Island Offshore will proceed with plans to build a new well-intervention vessel with Kawasaki Heavy Industries in Japan. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1404788/island-to-proceed-with-navigator Tue, 30 Jun 2015 22:45:52 +0000 live Harvey Gulf launches shipbuilding unit http://www.upstreamonline.com/live/1404764/harvey-gulf-launches-shipbuilding-unit New Orleans-based marine transportation contractor Harvey Gulf has purchased a pair of shipyards as it launches a new shipbuilding affiliate. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1404764/harvey-gulf-launches-shipbuilding-unit Tue, 30 Jun 2015 18:18:35 +0000 live Abu Dhabi 'eyes Taqa merger' http://www.upstreamonline.com/live/1404763/abu-dhabi-eyes-taqa-merger Abu Dhabi is reportedly considering merging its national energy company into another state-owned business to make the company's crippling debts more manageable and try to turn around its performance. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1404763/abu-dhabi-eyes-taqa-merger Tue, 30 Jun 2015 18:16:36 +0000 live Gastar smiles at Utica dry gas gusher http://www.upstreamonline.com/live/1404756/gastar-smiles-at-utica-dry-gas-gusher Houston-based Gastar Exploration has unveiled solid results from its second dry gas Utica/Point Pleasant well, continuing a trend of strong production records from the eastern part of the shale play. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1404756/gastar-smiles-at-utica-dry-gas-gusher Tue, 30 Jun 2015 16:46:46 +0000 live Exploration well count seen falling 20% http://www.upstreamonline.com/incoming/1404736/exploration-well-count-seen-falling-20-percent The exploration well count this year is expected to fall by about 20%, with small- and mid-cap exploration and production players taking the largest cuts, according to an analyst research report. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1404736/exploration-well-count-seen-falling-20-percent Tue, 30 Jun 2015 12:21:24 +0000 ece_incoming Oando in $461m downstream sale http://www.upstreamonline.com/live/1404735/oando-in-usd-461m-downstream-sale Nigerian independent Oando is selling a large chunk of its downstream business to a company connected with trading giant Vitol. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1404735/oando-in-usd-461m-downstream-sale Tue, 30 Jun 2015 12:00:04 +0000 live Cenovus in $2.66bn asset sale http://www.upstreamonline.com/live/1404719/cenovus-in-usd-266bn-asset-sale Cenovus Energy is bagging C$3.3 billion (US$2.66 billion) through the sale of a subsidiary to a Canadian pensions player. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1404719/cenovus-in-usd-266bn-asset-sale Tue, 30 Jun 2015 10:54:05 +0000 live Eni in Pertamina deal http://www.upstreamonline.com/incoming/1404718/eni-in-pertamina-deal Eni has signed an agreement with state-owned Pertamina for the sale and purchase of liquefied natural gas (LNG) coming from its deepwater Jangkrik development in Indonesia, the Italian player said on Tuesday. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1404718/eni-in-pertamina-deal Tue, 30 Jun 2015 10:48:13 +0000 ece_incoming Northcote drills at Shoats Creek http://www.upstreamonline.com/incoming/1404700/northcote-drills-at-shoats-creek Northcote Energy has commenced drilling operations at the Lutcher Moore 20 well on the Shoats Creek project in Louisiana, the London-listed player said on Tuesday. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1404700/northcote-drills-at-shoats-creek Tue, 30 Jun 2015 08:58:57 +0000 ece_incoming Samsung lands $888m Sverdrup deals http://www.upstreamonline.com/live/1404692/samsung-lands-usd-888m-sverdrup-deals Samsung Heavy Industries has been confirmed as winner of a contract to build topsides for two platforms for Statoil's Johan Sverdrup field development off Norway. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1404692/samsung-lands-usd-888m-sverdrup-deals Tue, 30 Jun 2015 08:32:48 +0000 live Gulfsands hunts fresh funds http://www.upstreamonline.com/live/1404666/gulfsands-hunts-fresh-funds Gulfsands Petroleum is looking to raise additional financing as it seeks to repay a loan facility following a terminated strategic tie-up with a Dubai-based player. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1404666/gulfsands-hunts-fresh-funds Tue, 30 Jun 2015 07:33:43 +0000 live Wood Group buys Canadian player http://www.upstreamonline.com/live/1404665/wood-group-buys-canadian-player London-listed Wood Group has reached a deal to buy Calgary-based engineering consultancy company Beta Machinery Analysis for US$14.3 million. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1404665/wood-group-buys-canadian-player Tue, 30 Jun 2015 06:37:42 +0000 live Technip wins Libra topside gig http://www.upstreamonline.com/live/1404661/technip-wins-libra-topside-gig French engineering company Technip has been awarded a contract by Singapore's Jurong Shipyard related to the floating production, storage and offloading vessel which will be stationed at Petrobras' Libra field off Brazil. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1404661/technip-wins-libra-topside-gig Tue, 30 Jun 2015 05:52:53 +0000 live Yinson to focus on oil and gas sector http://www.upstreamonline.com/live/1404657/yinson-to-focus-on-oil-and-gas-sector Malaysia's Yinson Holdings could become a strictly oil and gas focused company after it entered talks to sell off several subsidiaries in a potential 228 million ringgit ($60.3 million) deal, just days after announcing plans to raise capital. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1404657/yinson-to-focus-on-oil-and-gas-sector Tue, 30 Jun 2015 03:31:47 +0000 live Petrobras cuts production unit targets http://www.upstreamonline.com/live/1404656/petrobras-cuts-production-unit-targets Brazil's Petrobras has significantly slashed the number of production units due to enter operations in the country by 2020, to focus mainly on key developments in the Santos basin pre-salt province. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1404656/petrobras-cuts-production-unit-targets Mon, 29 Jun 2015 23:10:31 +0000 live Africa Energy exits two Puntland blocks http://www.upstreamonline.com/live/1404653/africa-energy-exits-two-puntland-blocks Toronto-listed Africa Energy plans to relinquish its claim to a pair of exploration licenses in Somalia, citing an uncertain political climate in the volatile African region. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1404653/africa-energy-exits-two-puntland-blocks Mon, 29 Jun 2015 21:38:15 +0000 live Siemens, Dresser-Rand deal approved http://www.upstreamonline.com/live/1404648/siemens-dresser-rand-deal-approved The European Commission has approved the $7.6 billion takeover of US oil and gas equipment manufacturer Dresser-Rand by German giant Siemens. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1404648/siemens-dresser-rand-deal-approved Mon, 29 Jun 2015 20:02:57 +0000 live Falklands players silent on legal move http://www.upstreamonline.com/incoming/1404628/falklands-players-silent-on-legal-move A clutch of European and US oil companies operating in the Falkland Islands have remained silent on any legal moves they could make following an order to seize their assets issued by a federal judge in Argentina over the disputed territory in the South Atlantic. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1404628/falklands-players-silent-on-legal-move Mon, 29 Jun 2015 14:46:10 +0000 ece_incoming Sevan Drilling to delist http://www.upstreamonline.com/live/1404603/sevan-drilling-to-delist The current incarnation of Sevan Drilling is set to be delisted from the Oslo Stock Exchange and replaced by a similarly named entity under its migration to Bermuda. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1404603/sevan-drilling-to-delist Mon, 29 Jun 2015 14:02:51 +0000 live Petrobras slashes spending in new plan http://www.upstreamonline.com/live/1404598/petrobras-slashes-spending-in-new-plan Brazil's Petrobras has finally unveiled its much-awaited five-year business plan, cutting investments by more than 40%, as the company tries to reduce debt leverage and enhance shareholder value. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1404598/petrobras-slashes-spending-in-new-plan Mon, 29 Jun 2015 13:35:20 +0000 live Tourmaline in Mapan move http://www.upstreamonline.com/live/1404585/tourmaline-in-mapan-move Canadian player Tourmaline Oil is upping its acreage in a core domestic play through the acquisition of compatriot Mapan Energy. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1404585/tourmaline-in-mapan-move Mon, 29 Jun 2015 12:51:59 +0000 live Husky in South White Rose start-up http://www.upstreamonline.com/incoming/1404581/husky-in-south-white-rose-start-up Husky Energy has started production from the South White Rose project in the Jeanne d'Arc basin offNewfoundland & Labrador, Canada. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1404581/husky-in-south-white-rose-start-up Mon, 29 Jun 2015 12:22:50 +0000 ece_incoming Amerisur in Petro Dorado SA buy http://www.upstreamonline.com/live/1404578/amerisur-in-petro-dorado-sa-buy More Colombian acreage for London-listed explorer with $6 million company acquisition Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1404578/amerisur-in-petro-dorado-sa-buy Mon, 29 Jun 2015 10:49:28 +0000 live Sevan Marine in Brazil probe http://www.upstreamonline.com/live/1404575/sevan-marine-in-brazil-probe Sevan Marine has launched an investigation in response to Brazil media reports that a former manager has been implicated in an investigation into alleged corruption at the country’s state-owned oil company Petrobras. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1404575/sevan-marine-in-brazil-probe Mon, 29 Jun 2015 10:19:22 +0000 live Egdon farms-out of Holmwood http://www.upstreamonline.com/incoming/1404569/egdon-farms-out-of-holmwood Egdon Resources has reached an agreement to farm out of the Europa Oil & Gas-operated PEDL14 licence in the Weald basin, southern England, to UK Oil & Gas Investments (UKOG). (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1404569/egdon-farms-out-of-holmwood Mon, 29 Jun 2015 08:01:00 +0000 ece_incoming UK player eyes Ivory Coast block http://www.upstreamonline.com/live/1404567/uk-player-eyes-ivory-coast-block African Petroleum is set to shed half of its stake in an operated block off Ivory Coast under a preliminary farm-out pact inked with an unnamed UK player ahead of a proposed exploration effort. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1404567/uk-player-eyes-ivory-coast-block Mon, 29 Jun 2015 07:41:44 +0000 live Shandong makes $165m Northern offer http://www.upstreamonline.com/live/1404564/shandong-makes-usd-165m-northern-offer Northern Offshore is being snapped up by Shandong Offshore International in a deal valued at around $165 million. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1404564/shandong-makes-usd-165m-northern-offer Mon, 29 Jun 2015 07:12:37 +0000 live