www.upstreamonline.com http://www.upstreamonline.com/ www.upstreamonline.com Nabors swings to profit http://www.upstreamonline.com/live/1370254/Nabors-swings-to-profit Top land drilling contractor Nabors swung to a second-quarter profit amid strong activity across a range of business segments. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1370254/Nabors-swings-to-profit Tue, 22 Jul 2014 22:24:24 +0000 live FMC beats on strong subsea quarter http://www.upstreamonline.com/live/1370250/FMC-beats-on-strong-subsea-quarter Equipment maker FMC Technologies beat expectations in the second quarter driven by higher revenues and a strong performance in subsea technologies. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1370250/FMC-beats-on-strong-subsea-quarter Tue, 22 Jul 2014 22:14:04 +0000 live Transocean subsidiary files for IPO http://www.upstreamonline.com/live/1370243/Transocean-subsidiary-files-for-IPO Rig giant Transocean has filed for an initial public offering of shares for a subsidiary that will start out owning majority stakes in three modern deep-water rigs currently operating in the US Gulf of Mexico. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1370243/Transocean-subsidiary-files-for-IPO Tue, 22 Jul 2014 21:47:52 +0000 live Pressure on Apache to shed global stakes http://www.upstreamonline.com/live/1370209/Pressure-on-Apache-to-shed-global-stakes Apache shares were up on Tuesday after activist investor Jana Partners revealed a major stake and began agitating for changes at the Houston-based independent. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1370209/Pressure-on-Apache-to-shed-global-stakes Tue, 22 Jul 2014 17:27:06 +0000 live Bristow lands deal with pair http://www.upstreamonline.com/live/1370174/Bristow-lands-deal-with-pair Helicopter operator Bristow has secured a three-year deal to provide air transport services for Lundin Petroleum and Det Norske Oljeselskap off Norway. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1370174/Bristow-lands-deal-with-pair Tue, 22 Jul 2014 14:27:07 +0000 live Cosco ‘may sell ATP’s Octobuoy unit’ http://www.upstreamonline.com/live/1370166/Cosco-‘may-sell-ATP’s-Octobuoy-unit’ Shipbuilder Cosco Corp (Singapore) says it has had interest from potential buyers in a hull and topsides that was dropped by ATP Oil & Gas UK for a project east of Shetland. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370166/Cosco-‘may-sell-ATP’s-Octobuoy-unit’ Tue, 22 Jul 2014 13:38:27 +0000 live Apply to make Oseberg C beds http://www.upstreamonline.com/live/1370164/Apply-to-make-Oseberg-C-beds Apply has secured an accommodation module fabrication award worth Nkr125 million ($20.2 million) for Statoil’s Oseberg C platform off Norway. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1370164/Apply-to-make-Oseberg-C-beds Tue, 22 Jul 2014 13:07:18 +0000 live Kvaerner bags rig work http://www.upstreamonline.com/live/1370154/Kvaerner-bags-rig-work Kvaerner is taking in semi-submersible rig Transocean Barents at its Stord yard in Norway to generate further income for the contractor after beefing up its order backlog in the second quarter. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1370154/Kvaerner-bags-rig-work Tue, 22 Jul 2014 10:22:36 +0000 live KBC buys Feesa http://www.upstreamonline.com/live/1370134/KBC-buys-Feesa London-listed KBC Advanced Technologies has bought UK-based specialised software and service provider Feesa in a deal worth £11.2 million ($19.1 million). Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1370134/KBC-buys-Feesa Tue, 22 Jul 2014 07:00:12 +0000 live Oil Search cheers PNG LNG revenue boost http://www.upstreamonline.com/live/1370125/Oil-Search-cheers-PNG-LNG-revenue-boost Australia-listed Oil Search almost doubled its revenue during the second quarter of the year as the start up of the Papua New Guinea liquefied natural gas project (PNG LNG) caused a surge in revenue. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1370125/Oil-Search-cheers-PNG-LNG-revenue-boost Tue, 22 Jul 2014 01:23:26 +0000 live Cooper posts record numbers http://www.upstreamonline.com/live/1370124/Cooper-posts-record-numbers Australia’s Cooper Energy has posted record full-year production and highest yearly sales in the June quarter on the back of exploration success in the Otway basin. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1370124/Cooper-posts-record-numbers Tue, 22 Jul 2014 00:44:34 +0000 live Vard increases profits http://www.upstreamonline.com/live/1370123/Vard-increases-profits Norwegian-based shipbuilder Vard Holdings saw profits rise during the first half of the year as it paid less taxes. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1370123/Vard-increases-profits Tue, 22 Jul 2014 00:26:11 +0000 live Compressco in $825m takeover deal http://www.upstreamonline.com/live/article1370118.ece Compressco Partners has signed a deal to takeout oilfield compression competitor Compressor Systems for $825 million cash. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/article1370118.ece Mon, 21 Jul 2014 23:10:40 +0000 live Helix doubles earnings in quarter http://www.upstreamonline.com/live/1370114/Helix-doubles-earnings-in-quarter Houston-based well-intervention specialist Helix Energy Solutions more than doubled its earnings in the second quarter thanks to higher revenues and full utilisation of some of its vessels. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1370114/Helix-doubles-earnings-in-quarter Mon, 21 Jul 2014 22:16:41 +0000 live GDI nets Dolphin jack-up deal http://www.upstreamonline.com/live/1370089/GDI-nets-Dolphin-jack-up-deal Gulf Drilling International (GDI) is to add another jack-up accommodation to its fleet after signing a long-term charter agreement with Abu Dhabi’s Dolphin Energy. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370089/GDI-nets-Dolphin-jack-up-deal Mon, 21 Jul 2014 16:24:10 +0000 live Diamondback in US shale splash http://www.upstreamonline.com/live/1370053/Diamondback-in-US-shale-splash Diamondback Energy is adding more acres in the US onshore Midland basin after it agreed to buy assets from a number of unidentified players. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370053/Diamondback-in-US-shale-splash Mon, 21 Jul 2014 11:36:44 +0000 live Halliburton booms in Q2 http://www.upstreamonline.com/live/1370051/Halliburton-booms-in-Q2 Halliburton has piled on the profit in the second quarter as it racked up a quarterly revenue record. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370051/Halliburton-booms-in-Q2 Mon, 21 Jul 2014 11:12:23 +0000 live Salamander seals $280m farm-in http://www.upstreamonline.com/live/1370035/Salamander-seals-280m-farm-in Asia-focused Salamander Energy has taken down its ‘For Sale’ sign after sealing a $280 million farm-in on its key asset, the Bualuang oilfield off Thailand. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1370035/Salamander-seals-280m-farm-in Mon, 21 Jul 2014 09:25:16 +0000 live Odebrecht founder dies at 93 http://www.upstreamonline.com/live/1370024/Odebrecht-founder-dies-at-93 Norberto Odebrecht, founder of one of Brazil’s largest oil and gas contractors, has died at the age of 93. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370024/Odebrecht-founder-dies-at-93 Mon, 21 Jul 2014 07:41:28 +0000 live AGR in $265m private equity sale http://www.upstreamonline.com/live/1370021/AGR-in-265m-private-equity-sale Norway's AGR Holdings has been snapped up by European private equity firm Silverfleet Capital for around $265 million. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370021/AGR-in-265m-private-equity-sale Mon, 21 Jul 2014 06:59:46 +0000 live Shale helps lift Reliance's profits http://www.upstreamonline.com/live/1370017/Shale-helps-lift-Reliances-profits Indian conglomerate Reliance Industries posted a rise in profits during the first quarter of the financial year, thanks in part to higher contributions from its oil and gas business. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1370017/Shale-helps-lift-Reliances-profits Mon, 21 Jul 2014 02:47:51 +0000 live TAS ready to add to order book http://www.upstreamonline.com/live/1370013/TAS-ready-to-add-to-order-book Malaysia-listed TAS Offshore is set to secure more order for its offshore supply vessels in Indonesia. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1370013/TAS-ready-to-add-to-order-book Mon, 21 Jul 2014 01:34:38 +0000 live SembMarine wins Saipem conversion http://www.upstreamonline.com/live/1369979/SembMarine-wins-Saipem-conversion Singapore’s SembCorp Marine has won a S$600 million (US$483 million) conversion contract with France’s Saipem for the Kaombo project, off Angola. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1369979/SembMarine-wins-Saipem-conversion Mon, 21 Jul 2014 00:24:54 +0000 live Encana 'set for Deep Panuke sale' http://www.upstreamonline.com/live/1369939/Encana-set-for-Deep-Panuke-sale Encana is preparing to sell its Deep Panuke project off Nova Scotia later this year, according to a report, as Canada’s largest natural gas producer shifts production towards more oil. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1369939/Encana-set-for-Deep-Panuke-sale Fri, 18 Jul 2014 19:14:45 +0000 live GE boosts earnings to $3.9bn http://www.upstreamonline.com/live/1369911/GE-boosts-earnings-to-3.9bn US conglomerate GE is expecting to lift group operated earnings by 8% in the second quarter thanks to its industrial businesses including oil & gas. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1369911/GE-boosts-earnings-to-3.9bn Fri, 18 Jul 2014 11:02:18 +0000 live Rosneft ‘maintains strategy’ despite sanctions http://www.upstreamonline.com/live/1369893/Rosneft-‘maintains-strategy’-despite-sanctions Rosneft’s cash flows will allow it to carry on with current projects in the face of sanctions imposed on the Russian oil behemoth by the US Treasury Department this week, the company has said. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1369893/Rosneft-‘maintains-strategy’-despite-sanctions Fri, 18 Jul 2014 09:15:41 +0000 live Supermajors' staff among MH17 dead http://www.upstreamonline.com/live/1369885/Supermajors-staff-among-MH17-dead Shell and ExxonMobil have both confirmed that workers from both companies were among the 298 people on board a Malaysian Airlines flight that crashed in Ukraine on Thursday. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1369885/Supermajors-staff-among-MH17-dead Fri, 18 Jul 2014 08:40:29 +0000 live PA narrows losses http://www.upstreamonline.com/live/1369880/PA-narrows-losses Swedish company PA Resources narrowed its losses during the second quarter of the year, despite revenue falling on lower production. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1369880/PA-narrows-losses Fri, 18 Jul 2014 06:54:56 +0000 live Wartsila takes drop in second quarter http://www.upstreamonline.com/live/1369878/Wartsila-takes-drop-in-second-quarter Finnish player Wartsila has suffered a slight slump in second quarter net sales over the year, taking in €1.13 billion ($1.5 billion), as the company looks to slash 1000 jobs globally. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1369878/Wartsila-takes-drop-in-second-quarter Fri, 18 Jul 2014 06:20:35 +0000 live SBI wrapping $30m EPCC project http://www.upstreamonline.com/live/1369873/SBI-wrapping-30m-EPCC-project Singapore’s SBI Offshore is nearing the completion of a $30 million engineering, procurement, construction and commissioning contract for an unnamed Malaysian client. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1369873/SBI-wrapping-30m-EPCC-project Fri, 18 Jul 2014 04:48:10 +0000 live EOC adds two more vessels http://www.upstreamonline.com/live/1369871/EOC-adds-two-more-vessels Singapore’s EOC has ordered two more vessels to add to its fleet worth about $72 million. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1369871/EOC-adds-two-more-vessels Fri, 18 Jul 2014 02:27:14 +0000 live Santos revenues lifts http://www.upstreamonline.com/live/1369860/Santos-revenues-lifts Australian player Santos has taken a 22% jump in sales revenue on the back of start-up at the Papua New Guinea liquefied natural gas project. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1369860/Santos-revenues-lifts Fri, 18 Jul 2014 00:23:55 +0000 live Antero inks gas supply deal with Cheniere http://www.upstreamonline.com/live/1369853/Antero-inks-gas-supply-deal-with-Cheniere US independent Antero Resources has signed a firm transportation deal with Cheniere Energy to supply gas to the LNG producer's Sabine Pass liquefaction facility on the Louisiana coast. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1369853/Antero-inks-gas-supply-deal-with-Cheniere Thu, 17 Jul 2014 22:26:07 +0000 live Ensco dayrates fall in US Gulf http://www.upstreamonline.com/live/1369837/Ensco-dayrates-fall-in-US-Gulf Dayrates for Ensco floater rigs in the US Gulf of Mexico are falling, according to the company's latest fleet status report, as several of the units are set to come off contract soon. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1369837/Ensco-dayrates-fall-in-US-Gulf Thu, 17 Jul 2014 18:00:51 +0000 live Gulf Keystone gets new CEO http://www.upstreamonline.com/live/1369701/Gulf-Keystone-gets-new-CEO Gulf Keystone Petroleum has confirmed its previous chief operating officer John Gerstenlauer as its new chief executive. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1369701/Gulf-Keystone-gets-new-CEO Thu, 17 Jul 2014 11:25:19 +0000 live Mitsubishi, Indian firms ‘eye Murphy Malaysian assets’ http://www.upstreamonline.com/live/1369673/Mitsubishi-Indian-firms-‘eye-Murphy-Malaysian-assets’ Murphy Oil is attracting interest from Japanese and Indian players in its proposed sale of a stake in its Malaysian assets, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1369673/Mitsubishi-Indian-firms-‘eye-Murphy-Malaysian-assets’ Thu, 17 Jul 2014 11:08:57 +0000 live Baker Hughes posts profit rise http://www.upstreamonline.com/live/1369645/Baker-Hughes-posts-profit-rise A $62 million litigation settlement cost and a foreign exchange loss in Venezuela ultimately failed to derail Baker Hughes in the second quarter as the services giant piled on profit. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1369645/Baker-Hughes-posts-profit-rise Thu, 17 Jul 2014 10:45:16 +0000 live Clontarf, Petrel resolve Ghana legal spat http://www.upstreamonline.com/live/1369634/Clontarf-Petrel-resolve-Ghana-legal-spat Shares in Irish juniors Clontarf Energy and Petrel Resources had mixed fortunes after the pair reached an agreement with Ghanaian authorities in a legal battle over disputed acreage. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1369634/Clontarf-Petrel-resolve-Ghana-legal-spat Thu, 17 Jul 2014 07:22:25 +0000 live Det Norske bounces back to profit http://www.upstreamonline.com/live/1369633/Det-Norske-bounces-back-to-profit Norway’s Det Norske Oljeselskap returned to profit during the second quarter of the year thanks to a tax gain and a rise in revenue despite a drop in production. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1369633/Det-Norske-bounces-back-to-profit Thu, 17 Jul 2014 06:57:53 +0000 live Aker slumps on impairment http://www.upstreamonline.com/live/1369631/Aker-slumps-on-impairment Norway’s Aker Solutions has suffered a year-on-year drop in profit, posting a net loss of Nkr807 million ($130 million) on the back of a Nkr1.6 billion impairment. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1369631/Aker-slumps-on-impairment Thu, 17 Jul 2014 06:20:50 +0000 live Wison and WorleyParsons team up http://www.upstreamonline.com/live/1369626/Wison-and-WorleyParsons-team-up China’s Wison Offshore & Marine and Australia’s WorleyParsons have signed a memorandum of understanding that will see the pair pursue projects together. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1369626/Wison-and-WorleyParsons-team-up Thu, 17 Jul 2014 01:59:56 +0000 live Petrobras to sell off Gasmig http://www.upstreamonline.com/live/1369624/Petrobras-to-sell-off-Gasmig Petrobras has announced it is looking to shed a 40% interest in a gas distribution network in the Brazilian state of Minas Gerais. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1369624/Petrobras-to-sell-off-Gasmig Thu, 17 Jul 2014 00:44:18 +0000 live Woodside posts rise in revenue http://www.upstreamonline.com/live/1369623/Woodside-posts-rise-in-revenue Australian giant Woodside Petroleum saw revenues rise during the second quarter of the year on the back of higher output, which has led the company to raise its full year production guidance. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1369623/Woodside-posts-rise-in-revenue Thu, 17 Jul 2014 00:23:14 +0000 live Armour signs gas supply deal http://www.upstreamonline.com/live/1369621/Armour-signs-gas-supply-deal Australia-listed Armour Energy has signed a gas supply agreement covering its exploration permits in north-west Queensland. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1369621/Armour-signs-gas-supply-deal Thu, 17 Jul 2014 00:09:11 +0000 live Black Elk sheds US Gulf assets http://www.upstreamonline.com/live/1369599/Black-Elk-sheds-US-Gulf-assets US independent Black Elk Energy has agreed to sell interests in several oil and gas platforms in the Gulf of Mexico to private player Renaissance Offshore. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1369599/Black-Elk-sheds-US-Gulf-assets Wed, 16 Jul 2014 18:56:56 +0000 live Tullow loses Uganda tax appeal http://www.upstreamonline.com/live/1369590/Tullow-loses-Uganda-tax-appeal Uganda's Tax Appeals Tribunal has ruled that Tullow Oil is liable to pay $407 million in capital gains tax to the government after farming out stakes in its Lake Albert acreage two years ago. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1369590/Tullow-loses-Uganda-tax-appeal Wed, 16 Jul 2014 16:21:15 +0000 live Norway appeals Transocean tax case verdict http://www.upstreamonline.com/live/1369582/Norway-appeals-Transocean-tax-case-verdict Norway is to appeal a recent decision by an Oslo court to clear rig giant Transocean of all charges relating to a long-running tax evasion case. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1369582/Norway-appeals-Transocean-tax-case-verdict Wed, 16 Jul 2014 14:36:57 +0000 live Chevron UK unit axing 225 jobs http://www.upstreamonline.com/live/1369570/Chevron-UK-unit-axing-225-jobs Chevron is to cut more than 200 jobs from an upstream unit based in the UK as the offshoot goes through a reorganisation process. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1369570/Chevron-UK-unit-axing-225-jobs Wed, 16 Jul 2014 12:22:35 +0000 live Precision Drilling, Schlumberger in shale pact http://www.upstreamonline.com/live/1369558/Precision-Drilling-Schlumberger-in-shale-pact Canada’s Precision Drilling and Houston-headquartered services giant Schlumberger have agreed a strategic technology and service agreement for unconventional drilling in the lower US 48 states and Canada. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1369558/Precision-Drilling-Schlumberger-in-shale-pact Wed, 16 Jul 2014 10:33:08 +0000 live Drillsearch extends offer period http://www.upstreamonline.com/live/1369534/Drillsearch-extends-offer-period Ambassador shareholders have been given a little bit longer to take action on the takeover offer from Australia-listed Drillsearch Energy. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1369534/Drillsearch-extends-offer-period Wed, 16 Jul 2014 05:04:36 +0000 live Vard wins PSV contract http://www.upstreamonline.com/live/1369531/Vard-wins-PSV-contract An affiliate of Italian shipbuilder Fincantieri, Vard Holdings, has landed a contract from Germany’s ER Offshore for the design and construction of a platform supply vessel. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1369531/Vard-wins-PSV-contract Wed, 16 Jul 2014 03:11:49 +0000 live Reshuffle at the top at Sino http://www.upstreamonline.com/live/1369525/Reshuffle-at-the-top-at-Sino Australia-listed Sino Gas & Energy has appointed a new chief executive and revealed the succession plan for its current chairman. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1369525/Reshuffle-at-the-top-at-Sino Tue, 15 Jul 2014 23:56:40 +0000 live Former NOV CEO eyed for Transocean chair http://www.upstreamonline.com/live/1369523/Former-NOV-CEO-eyed-for-Transocean-chair Rig contractor Transocean is likely to elect the former chief executive of National Oilwell Varco to its board of directors with the intention of ultimately making him the chairman. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1369523/Former-NOV-CEO-eyed-for-Transocean-chair Tue, 15 Jul 2014 23:13:59 +0000 live Oxy's California spinoff names CFO http://www.upstreamonline.com/live/1369512/Oxys-California-spinoff-names-CFO Occidental Petroleum's California spinoff has added another executive to its leadership core, appointing a chief financial officer from outside the company's ranks. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1369512/Oxys-California-spinoff-names-CFO Tue, 15 Jul 2014 21:17:54 +0000 live Wild Well hires relief well specialist Wright http://www.upstreamonline.com/live/1369508/Wild-Well-hires-relief-well-specialist-Wright Services specialist Wild Well Control has hired expert John Wright to advise on engineering relief wells for accidents at unconventional drilling sites. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1369508/Wild-Well-hires-relief-well-specialist-Wright Tue, 15 Jul 2014 19:58:58 +0000 live Pacific Drilling confirms Bora extension http://www.upstreamonline.com/live/1369500/Pacific-Drilling-confirms-Bora-extension Pacific Drilling has locked in a two-year extension with Chevron to keep the drillship Pacific Bora working in Nigeria after a local partner signed off on the terms. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1369500/Pacific-Drilling-confirms-Bora-extension Tue, 15 Jul 2014 16:38:04 +0000 live Bowleven, Petrofac axe alliance over Etinde http://www.upstreamonline.com/live/1369443/Bowleven-Petrofac-axe-alliance-over-Etinde London-listed junior Bowleven and services giant Petrofac have ended a strategic alliance agreement after the former struck a farm-out deal off West Africa. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1369443/Bowleven-Petrofac-axe-alliance-over-Etinde Tue, 15 Jul 2014 07:24:31 +0000 live Dragon sells more oil http://www.upstreamonline.com/live/1369442/Dragon-sells-more-oil London-listed Dragon Oil sold more oil year-on-year during the first half of 2014, despite output remaining relatively steady. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1369442/Dragon-sells-more-oil Tue, 15 Jul 2014 06:56:32 +0000 live Viking strikes lease-back deal http://www.upstreamonline.com/live/1369433/Viking-strikes-lease-back-deal Singapore’s Viking Offshore & Marine has entered into a binding heads of agreement for the $32 million purchase and lease-back of a new vessel. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1369433/Viking-strikes-lease-back-deal Tue, 15 Jul 2014 01:40:20 +0000 live Ezion nets two major contracts http://www.upstreamonline.com/live/1369430/Ezion-nets-two-major-contracts Singapore’s Ezion has won two contracts on opposite ends of the globe, worth about $268.6 million. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1369430/Ezion-nets-two-major-contracts Tue, 15 Jul 2014 00:27:14 +0000 live GIP in $850m Freeport LNG stake deal http://www.upstreamonline.com/live/1369405/GIP-in-850m-Freeport-LNG-stake-deal Private equity player Global Infrastructure Partners (GIP) is to take a stake of around 25% in the Freeport LNG project in the US in a deal worth $850 million. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1369405/GIP-in-850m-Freeport-LNG-stake-deal Mon, 14 Jul 2014 15:59:28 +0000 live Whiting buys Kodiak in $6bn deal http://www.upstreamonline.com/live/1369396/Whiting-buys-Kodiak-in-6bn-deal Whiting Petroleum is taking over Kodiak Oil & Gas in an all-stock transaction valued at roughly $6 billion that will leave Whiting as the largest player in the Bakken tight oil play. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1369396/Whiting-buys-Kodiak-in-6bn-deal Mon, 14 Jul 2014 15:21:52 +0000 live L&T wins $850m Kuwait deal http://www.upstreamonline.com/live/1369399/LT-wins-850m-Kuwait-deal Indian player to build one of three oil-gathering centres for KOC as state output eyes output ramp-up Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1369399/LT-wins-850m-Kuwait-deal Mon, 14 Jul 2014 15:12:14 +0000 live Silver Lake in Quorum software buy http://www.upstreamonline.com/live/1369394/Silver-Lake-in-Quorum-software-buy Private equity player Silver Lake is snapping up energy industry software and services company Quorum Business Solutions for an undisclosed sum. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1369394/Silver-Lake-in-Quorum-software-buy Mon, 14 Jul 2014 14:32:33 +0000 live Reliance fined $579m more in India http://www.upstreamonline.com/live/1369391/Reliance-fined-579m-more-in-India Lower-than-expected gas production at deep-water block sees private player hit with further levy Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1369391/Reliance-fined-579m-more-in-India Mon, 14 Jul 2014 13:24:22 +0000 live Wood makes $163m Agility buy http://www.upstreamonline.com/live/1369368/Wood-makes-163m-Agility-buy Wood Group is increasing its presence in the Norwegian offshore market with the purchase of a unit of local player Agility Group. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1369368/Wood-makes-163m-Agility-buy Mon, 14 Jul 2014 10:13:32 +0000 live Norway's PGS chops guidance http://www.upstreamonline.com/live/1369350/Norways-PGS-chops-guidance Norway’s Petroleum Geo-Services (PGS) has cut its full-year guidance in a profit warning but down to customer unpredictability. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1369350/Norways-PGS-chops-guidance Mon, 14 Jul 2014 08:19:07 +0000 live Noble, EIG set up new energy outfit http://www.upstreamonline.com/live/1369348/Noble-EIG-set-up-new-energy-outfit Noble Group is teaming up with a private equity player to set up a new energy company focusing on the upstream and midstream sectors. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1369348/Noble-EIG-set-up-new-energy-outfit Mon, 14 Jul 2014 08:07:03 +0000 live EMGS wins with OMV http://www.upstreamonline.com/live/1369343/EMGS-wins-with-OMV Norwegian player EMGS is set to work for OMV, netting a contract worth $2.7 million in the Barents Sea. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1369343/EMGS-wins-with-OMV Mon, 14 Jul 2014 07:23:41 +0000 live Rosneft in $500m Weatherford asset buy http://www.upstreamonline.com/live/1369344/Rosneft-in-500m-Weatherford-asset-buy Weatherford International is selling a raft of land-drilling and workover assets in two countries to Russian giant Rosneft in a deal worth $500 million, as the oilfield services player continues to shed non-core assets. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1369344/Rosneft-in-500m-Weatherford-asset-buy Mon, 14 Jul 2014 07:22:25 +0000 live Kinder Morgan gets deadline http://www.upstreamonline.com/live/1369338/Kinder-Morgan-gets-deadline The US Federal Energy Regulatory Commission (FERC) has approved a deadline of 1 August for any comments on the Lake Charles Expansion project before it goes ahead. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1369338/Kinder-Morgan-gets-deadline Mon, 14 Jul 2014 02:32:24 +0000 live Aker facing $260m write-down http://www.upstreamonline.com/live/1369242/Aker-facing-260m-write-down Aker Solutions is booking a $260 million impairment partly due to the cancellation by Total of a vessel charter off Angola, as the Norwegian company prepares to split into two entities. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1369242/Aker-facing-260m-write-down Fri, 11 Jul 2014 11:37:45 +0000 live Northcote set on Zinc Ranch ramp-up http://www.upstreamonline.com/live/1369218/Northcote-set-on-Zinc-Ranch-ramp-up London-listed Northcote Energy is confident it can bring seven wells online at is Zinc Ranch redevelopment project in Oklahoma and reach its delayed target of 250 barrels of oil equivalent in daily output within two months. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1369218/Northcote-set-on-Zinc-Ranch-ramp-up Fri, 11 Jul 2014 08:07:00 +0000 live Fred Olsen Energy profit chopped http://www.upstreamonline.com/live/1369217/Fred-Olsen-Energy-profit-chopped Profit slumped at Fred Olsen Energy in the second quarter as the Norwegian rig owner warned of a tough drilling market ahead. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1369217/Fred-Olsen-Energy-profit-chopped Fri, 11 Jul 2014 07:53:04 +0000 live Roc receives second offer http://www.upstreamonline.com/live/1369209/Roc-receives-second-offer Another unsolicited takeover offer has fallen into Roc Oil’s lap in the midst of an ongoing takeover stoush. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1369209/Roc-receives-second-offer Fri, 11 Jul 2014 05:30:54 +0000 live Ezra posts record revenue http://www.upstreamonline.com/live/1369206/Ezra-posts-record-revenue Singapore’s Ezra Holdings posted a rise in profits as revenues hit a record high during the first nine months of the current financial year. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1369206/Ezra-posts-record-revenue Fri, 11 Jul 2014 03:01:14 +0000 live Noble secures jack-up contracts http://www.upstreamonline.com/live/1369190/Noble-secures-jack-up-contracts Rig owner Noble has secured a new contract for a jack-up off West Africa along with extensions to two existing contracts in Argentina and the Arabian Gulf. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1369190/Noble-secures-jack-up-contracts Fri, 11 Jul 2014 00:07:24 +0000 live Penn Virgina snaps up Eagle Ford land http://www.upstreamonline.com/live/1369185/Penn-Virgina-snaps-up-Eagle-Ford-land US independent Penn Virginia has agreed to buy about 11,660 net acres in the Eagle Ford shale in Texas for about $45 million. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1369185/Penn-Virgina-snaps-up-Eagle-Ford-land Thu, 10 Jul 2014 23:00:34 +0000 live Oxy names CEO of California spinoff http://www.upstreamonline.com/live/1369178/Oxy-names-CEO-of-California-spinoff Occidental Petroleum has appointed a couple of company veterans to head the planned spinoff of its California business unit. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1369178/Oxy-names-CEO-of-California-spinoff Thu, 10 Jul 2014 22:06:25 +0000 live Chevron sees higher profits in Q2 http://www.upstreamonline.com/live/1369174/Chevron-sees-higher-profits-in-Q2 US supermajor Chevron expects to rake in higher earnings in the second quarter of 2014 than in the first due to gains in asset sales and lower impairments. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1369174/Chevron-sees-higher-profits-in-Q2 Thu, 10 Jul 2014 21:44:40 +0000 live Aibel nets Oseberg C hook-up deal http://www.upstreamonline.com/live/1369103/Aibel-nets-Oseberg-C-hook-up-deal Norwegian contractor Aibel has been handed a $20 million contract to hook up living quarters to Statoil’s Oseberg C platform in the North Sea. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1369103/Aibel-nets-Oseberg-C-hook-up-deal Thu, 10 Jul 2014 11:45:42 +0000 live Premier in H1 output boost http://www.upstreamonline.com/live/1369073/Premier-in-H1-output-boost Premier Oil has set its sights on first-half revenues of around $880 million as production shot up 10% in the period. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1369073/Premier-in-H1-output-boost Thu, 10 Jul 2014 09:01:17 +0000 live Fugro warns of shrinking margins http://www.upstreamonline.com/live/1369070/Fugro-warns-of-shrinking-margins Dutch geoscience player Fugro said it will report shrinking margins as well as book an impairment of €300 million to €350 million ($409 million - $477 million) in its first-half accounts next month after a "poorer than expected" start to 2014. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1369070/Fugro-warns-of-shrinking-margins Thu, 10 Jul 2014 08:22:08 +0000 live Seadrill in $1.35bn rig refinance deal http://www.upstreamonline.com/live/1369038/Seadrill-in-1.35bn-rig-refinance-deal Seadrill has secured a $1.35 billion credit facility a day after pulling the plug on a planned $1 billion issue. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1369038/Seadrill-in-1.35bn-rig-refinance-deal Thu, 10 Jul 2014 07:47:20 +0000 live Lundin sells Russian assets http://www.upstreamonline.com/live/1369003/Lundin-sells-Russian-assets Sweden’s Lundin Petroleum has reached an agreement with Arawak Energy Russia to sell off its interest in assets in Russia’s Komi region. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1369003/Lundin-sells-Russian-assets Thu, 10 Jul 2014 07:33:58 +0000 live Petrofac nets $700m Kuwait work http://www.upstreamonline.com/live/1369005/Petrofac-nets-700m-Kuwait-work Petrofac has scooped a $700 million contract from Kuwait Oil Company (KOC) to build an oil gathering centre north of the capital, Kuwait City. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1369005/Petrofac-nets-700m-Kuwait-work Thu, 10 Jul 2014 07:28:44 +0000 live Empyrean looks to sell down http://www.upstreamonline.com/live/1368976/Empyrean-looks-to-sell-down London-listed company Empyrean Energy has started a strategic review which could lead to a farm-down of its assets or a complete sale of the company. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1368976/Empyrean-looks-to-sell-down Thu, 10 Jul 2014 07:12:37 +0000 live Ezra to consolidate http://www.upstreamonline.com/live/1368951/Ezra-to-consolidate Singapore’s Ezra Holdings has decided to consolidate its businesses to create “one of the largest offshore operators in [the] Asia Pacific”. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1368951/Ezra-to-consolidate Thu, 10 Jul 2014 06:26:45 +0000 live Technip consortium awarded contract http://www.upstreamonline.com/live/1368948/Technip-consortium-awarded-contract French player Technip has been awarded a lumpsum contract as part of a consortium with PT Wijaya Karya. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1368948/Technip-consortium-awarded-contract Thu, 10 Jul 2014 05:56:28 +0000 live PTTEP signs up UMW rig for Myanmar campaign http://www.upstreamonline.com/live/1368946/PTTEP-signs-up-UMW-rig-for-Myanmar-campaign Malaysia’s UMW Oil & Gas has landed a contract that will see it supply PTTEP with a drilling rig for the Thai company’s appraisal drilling campaign off Myanmar. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1368946/PTTEP-signs-up-UMW-rig-for-Myanmar-campaign Thu, 10 Jul 2014 04:08:20 +0000 live Technics lands new work http://www.upstreamonline.com/live/1368944/Technics-lands-new-work Singapore’s Technics Oil & Gas has been awarded contracts worth a combined total of S$6.2 million (US$5 million). Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1368944/Technics-lands-new-work Thu, 10 Jul 2014 02:44:03 +0000 live UK oil & gas profits 'at five-year low' http://www.upstreamonline.com/live/1368878/UK-oil--gas-profits-at-five-year-low North Sea oil & gas companies made the lowest profits in nearly five years during the first quarter, according to data from an official UK survey. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1368878/UK-oil--gas-profits-at-five-year-low Wed, 09 Jul 2014 13:17:34 +0000 live KKR buys majority of OEG Offshore http://www.upstreamonline.com/live/1368846/KKR-buys-majority-of-OEG-Offshore Private equity giant makes another offshore logistics acquisition with Aberdeen deal Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1368846/KKR-buys-majority-of-OEG-Offshore Wed, 09 Jul 2014 09:07:23 +0000 live Seadrill axes $1bn bond issue http://www.upstreamonline.com/live/1368837/Seadrill-axes-1bn-bond-issue John Fredriksen-led rig giant pulls plug on convertible bond deal after share price takes a tumble Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1368837/Seadrill-axes-1bn-bond-issue Wed, 09 Jul 2014 07:21:41 +0000 live EOC profit drops off http://www.upstreamonline.com/live/1368821/EOC-profit-drops-off Singaporean offshore provider EOC has suffered a slight drop in profit over the year, thanks to lower revenue from the Lewek Chancellor vessel. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1368821/EOC-profit-drops-off Tue, 08 Jul 2014 23:51:22 +0000 live Goodrich falls on weak TMS result http://www.upstreamonline.com/live/1368791/Goodrich-falls-on-weak-TMS-result Shares of Goodrich Petroleum continued to fall on Tuesday morning after losing 9% of their value on Monday following mediocre results from the company's latest Tuscaloosa Marine shale well. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1368791/Goodrich-falls-on-weak-TMS-result Tue, 08 Jul 2014 16:58:31 +0000 live Chevron in Lithuania exit http://www.upstreamonline.com/live/1368774/Chevron-in-Lithuania-exit Chevron has given up on its operations in Lithuania, exiting the Baltic state after selling off its interest in a joint venture. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1368774/Chevron-in-Lithuania-exit Tue, 08 Jul 2014 15:00:04 +0000 live ONGC ‘in $2.2bn bond sale’ http://www.upstreamonline.com/live/1368756/ONGC-‘in-2.2bn-bond-sale’ India’s Oil & Natural Gas Corporation (ONGC) has raised more than $.2.2 billion in a bond sale to help pay for the company’s offshore asset purchases in Mozambique, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1368756/ONGC-‘in-2.2bn-bond-sale’ Tue, 08 Jul 2014 12:53:54 +0000 live Thomasen optimistic despite Brazil woes http://www.upstreamonline.com/live/1368744/Thomasen-optimistic-despite-Brazil-woes Maersk Oil is expecting to see production growth in the coming years despite Tuesday’s “quite regrettable” $1.7 billion write-down on its Brazil assets, chief executive Jacob Thomasen said. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1368744/Thomasen-optimistic-despite-Brazil-woes Tue, 08 Jul 2014 11:08:34 +0000 live Maersk Oil faces $1.7bn write-down http://www.upstreamonline.com/live/1368726/Maersk-Oil-faces-1.7bn-write-down Denmark’s AP Moller-Maersk said that its Maersk Oil arm is to take a $1.7 billion write-down on its Brazilian assets and offload its share in one of three Campos basin fields amid disappointing appraisal results. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1368726/Maersk-Oil-faces-1.7bn-write-down Tue, 08 Jul 2014 09:06:22 +0000 live