www.upstreamonline.com http://www.upstreamonline.com/ www.upstreamonline.com Total 'could name new CEO on Wednesday' http://www.upstreamonline.com/live/1380870/Total-could-name-new-CEO-on-Wednesday Investors in Total could get more clarity on the French supermajor's succession plans as early as Wednesday as the company's board will reportedly convene an emergency meeting following the death of chief executive Christophe de Margerie. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1380870/Total-could-name-new-CEO-on-Wednesday Tue, 21 Oct 2014 20:51:20 +0000 live Noble Energy elects new chief http://www.upstreamonline.com/live/1380859/Noble-Energy-elects-new-chief Noble Energy's David Stover has been officially elected as new chief executive of the US independent, a succession planned ahead of leader Chuck Davidson's retirement. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1380859/Noble-Energy-elects-new-chief Tue, 21 Oct 2014 19:27:28 +0000 live Shell seals OML-18 deal http://www.upstreamonline.com/live/1380834/Shell-seals-OML-18-deal A consortium of Canada’s Mart Resources and Nigerian explorer MidWestern Oil & Gas has acquired the OML-18 block in the Niger Delta under a newly minted deal with Shell. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1380834/Shell-seals-OML-18-deal Tue, 21 Oct 2014 13:50:17 +0000 live Demand 'still underpins oil prices': Moody's http://www.upstreamonline.com/live/1380828/Demand-still-underpins-oil-prices-Moodys The recent tumble in oil prices should come as no surprise given high supply levels, but ever-rising demand will prevent a big long-term drop in prices, Moody’s has predicted. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1380828/Demand-still-underpins-oil-prices-Moodys Tue, 21 Oct 2014 13:45:19 +0000 live Total ‘must move forward’ after CEO death http://www.upstreamonline.com/live/1380830/Total-‘must-move-forward’-after-CEO-death French oil giant Total “must continue to move forward” following the death of chief executive and chairman Christophe de Margerie in a plane crash at a Russian airport on Monday night. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380830/Total-‘must-move-forward’-after-CEO-death Tue, 21 Oct 2014 13:41:43 +0000 live Cairn India hires CEO http://www.upstreamonline.com/live/1380819/Cairn-India-hires-CEO Cairn India has appointed Suncor Energy executive vice president Mayank Ashar as its next managing director and chief executive. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1380819/Cairn-India-hires-CEO Tue, 21 Oct 2014 10:57:04 +0000 live Total board to meet over de Margerie death http://www.upstreamonline.com/live/1380797/Total-board-to-meet-over-de-Margerie-death Total is to hold a board meeting as soon as possible on Tuesday following the death of chief executive Christophe de Margerie in a plane crash in Russia. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380797/Total-board-to-meet-over-de-Margerie-death Tue, 21 Oct 2014 08:33:42 +0000 live HitecVision backs Rocksource bid http://www.upstreamonline.com/live/1380791/HitecVision-backs-Rocksource-bid Prolific private equity player HitecVision has been unmasked as the mystery investor behind a successful bid to acquire a substantial stake in Norwegian minnow Rocksource. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1380791/HitecVision-backs-Rocksource-bid Tue, 21 Oct 2014 07:50:42 +0000 live Lamprell completes Eurasia jack-up http://www.upstreamonline.com/live/1380786/Lamprell-completes-Eurasia-jack-up Middle East-based yard Lamprell has completed a second jack-up rig destined for Russia’s Eurasia Drilling a few weeks ahead of schedule. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380786/Lamprell-completes-Eurasia-jack-up Tue, 21 Oct 2014 07:27:17 +0000 live Rowan books Indonesian contract http://www.upstreamonline.com/live/1380781/Rowan-books-Indonesian-contract US rig player Rowan has booked a contract for its jack-up Rowan Gorilla II to drill a well off Indonesia. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1380781/Rowan-books-Indonesian-contract Tue, 21 Oct 2014 04:23:57 +0000 live Oriental counters Afren claims http://www.upstreamonline.com/live/1380775/Oriental-counters-Afren-claims Nigerian oil player Oriental Energy Resources has hit out at its partner for the Ebok and Okwok assets off Nigeria for a number of “erroneous” statements. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1380775/Oriental-counters-Afren-claims Tue, 21 Oct 2014 00:50:46 +0000 live Total chief dies in plane crash http://www.upstreamonline.com/live/1380773/Total-chief-dies-in-plane-crash French oil giant Total has confirmed its chief executive and chairman Christophe de Margerie has been killed in a plane crash in Russia. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1380773/Total-chief-dies-in-plane-crash Tue, 21 Oct 2014 00:15:42 +0000 live Eagle buys CRS Proppants for $225m http://www.upstreamonline.com/live/1380743/Eagle-buys-CRS-Proppants-for-225m Dallas-based Eagle Materials has agreed to buy CRS Proppants, a producer of sand used in hydraulic fracturing, for $225 million in cash. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1380743/Eagle-buys-CRS-Proppants-for-225m Mon, 20 Oct 2014 16:52:49 +0000 live Rocksource leaps on mystery bid http://www.upstreamonline.com/live/1380703/Rocksource-leaps-on-mystery-bid The value of shares in Norwegian minnow Rocksource shot up more than 63% on Monday as a mystery financial investor launched a bid to acquire 20% of the company at a high premium to the existing stock price. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1380703/Rocksource-leaps-on-mystery-bid Mon, 20 Oct 2014 14:18:29 +0000 live Petrobras keeps Ocean Rig drillships http://www.upstreamonline.com/live/1380701/Petrobras-keeps-Ocean-Rig-drillships Petrobras has signed a deal worth more than $1.1 billion to hold on to a pair of Ocean Rig drilling units long term. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380701/Petrobras-keeps-Ocean-Rig-drillships Mon, 20 Oct 2014 14:15:41 +0000 live Calmena sells Brazil unit http://www.upstreamonline.com/live/1380686/Calmena-sells-Brazil-unit Canadian oilfield services player Calmena Energy Services has sold off its Brazilian subsidiary in a deal worth more than $6 million. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380686/Calmena-sells-Brazil-unit Mon, 20 Oct 2014 12:59:21 +0000 live Halliburton profit jumps in Q3 http://www.upstreamonline.com/live/1380663/Halliburton-profit-jumps-in-Q3 US services giant Halliburton has reported a 70% jump in net income to $1.2 billion in the third quarter compared to the same period last year as surging North American onshore activity boosted revenues. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1380663/Halliburton-profit-jumps-in-Q3 Mon, 20 Oct 2014 11:24:08 +0000 live Webb to quit O&G UK hot seat http://www.upstreamonline.com/live/1380641/Webb-to-quit-OG-UK-hot-seat Malcolm Webb has handed in his resignation as chief executive of industry lobby group Oil & Gas UK. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380641/Webb-to-quit-OG-UK-hot-seat Mon, 20 Oct 2014 10:31:18 +0000 live Songa Dee in engine failure http://www.upstreamonline.com/live/1380629/Songa-Dee-in-engine-failure A rig owned by Oslo-listed driller Songa Offshore has been hit by an engine failure while undergoing survey work at a yard in Scotland. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1380629/Songa-Dee-in-engine-failure Mon, 20 Oct 2014 08:24:49 +0000 live Tethys Petroleum faces board battle http://www.upstreamonline.com/live/1380627/Tethys-Petroleum-faces-board-battle Tethys Petroleum is set to face a shareholder vote on removing most of its directors after an activist investor proposed an extraordinary general meeting on the issue. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1380627/Tethys-Petroleum-faces-board-battle Mon, 20 Oct 2014 08:16:17 +0000 live Addax extends Yinson FPSO deal http://www.upstreamonline.com/live/1380623/Addax-extends-Yinson-FPSO-deal Malaysia’s Yinson Holdings has won a contract extension from a Sinopec subsidiary to keep a floater unit operating on a Nigerian field for another year. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380623/Addax-extends-Yinson-FPSO-deal Mon, 20 Oct 2014 08:08:57 +0000 live OMV braced for oil price drop impact http://www.upstreamonline.com/live/1380622/OMV-braced-for-oil-price-drop-impact Austria’s OMV has warned of the “significantly negative impact” of slumping oil prices on its third-quarter result where taxes are expected to increase on the back of a return of Libyan production. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380622/OMV-braced-for-oil-price-drop-impact Mon, 20 Oct 2014 07:46:36 +0000 live QEP in $2.5bn midstream sell off http://www.upstreamonline.com/live/1380615/QEP-in-2.5bn-midstream-sell-off US independent QEP Resources has offloaded the midstream business of its subsidiary QEP Field Services to Tesoro Logistics in a $2.5 billion deal. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1380615/QEP-in-2.5bn-midstream-sell-off Mon, 20 Oct 2014 03:17:03 +0000 live Vallianz lands new charters http://www.upstreamonline.com/live/1380613/Vallianz-lands-new-charters Singaporean offshore support vessel provider Vallianz Holdings has landed several contracts in Mexico, West Africa and the Asia Pacific region worth a combined US$64 million. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1380613/Vallianz-lands-new-charters Mon, 20 Oct 2014 02:05:05 +0000 live Far raises Senegal funds http://www.upstreamonline.com/live/1380611/Far-raises-Senegal-funds Australia-listed Far has strengthened its cash position through a capital raising which will help fund its drilling off Senegal. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1380611/Far-raises-Senegal-funds Mon, 20 Oct 2014 01:14:19 +0000 live SembMarine lands TEN FPSO work http://www.upstreamonline.com/live/1380610/SembMarine-lands-TEN-FPSO-work Singapore’s Sembcorp Marine has netted two contracts worth about S$222 million (US$174.1 million) for offshore energy projects. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1380610/SembMarine-lands-TEN-FPSO-work Mon, 20 Oct 2014 00:15:16 +0000 live Ferrovial proposes takeover of Transfield http://www.upstreamonline.com/live/1380609/Ferrovial-proposes-takeover-of-Transfield Australian contractor Transfield Services has told shareholders to take no action over a A$1 billion (US$875.3 million) takeover offer from Spanish company Ferrovial Servicios. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1380609/Ferrovial-proposes-takeover-of-Transfield Mon, 20 Oct 2014 00:04:43 +0000 live Chevron takes Ensco unit for Angola http://www.upstreamonline.com/live/1380579/Chevron-takes-Ensco-unit-for-Angola Chevron has taken an Ensco jack-up rig for three years for work off Angola as Saudi Aramco also extended work with a quartet of the owner’s units. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380579/Chevron-takes-Ensco-unit-for-Angola Fri, 17 Oct 2014 14:05:58 +0000 live Polarcus wins West Africa shoot http://www.upstreamonline.com/live/1380571/Polarcus-wins-West-Africa-shoot Oslo-listed seismic player Polarcus has secured a letter of intent with an undisclosed client to carry out a 3D shoot off West Africa. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1380571/Polarcus-wins-West-Africa-shoot Fri, 17 Oct 2014 13:50:08 +0000 live Eni, Kogas in co-op deal http://www.upstreamonline.com/live/1380557/Eni-Kogas-in-co-op-deal Eni and Korea Gas Corporation (Kogas) have inked a new co-operation agreement that could aid development of a liquefied natural gas project in Mozambique. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380557/Eni-Kogas-in-co-op-deal Fri, 17 Oct 2014 11:10:41 +0000 live Aqualis nets jack-up conversion work http://www.upstreamonline.com/live/1380550/Aqualis-nets-jack-up-conversion-work Norway’s Aqualis Offshore has won a contract to provide detailed engineering for the conversion of a pair of jack-up rigs into mobile offshore production units (MOPU). Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380550/Aqualis-nets-jack-up-conversion-work Fri, 17 Oct 2014 10:55:15 +0000 live Pemex, Pacific Rubiales ink Mexico MoU http://www.upstreamonline.com/live/1380540/Pemex-Pacific-Rubiales-ink-Mexico-MoU Pemex and Latin America-focused player Pacific Rubiales Energy have signed a deal to co-operate on upstream projects in Mexico. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380540/Pemex-Pacific-Rubiales-ink-Mexico-MoU Fri, 17 Oct 2014 10:15:37 +0000 live Havila wins Petrobras option http://www.upstreamonline.com/live/1380533/Havila-wins-Petrobras-option Oslo-listed offshore vessel owner Havila Shipping has secured more work with Petrobras for its platform supply vessel Havila Favour off Brazil. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1380533/Havila-wins-Petrobras-option Fri, 17 Oct 2014 08:40:09 +0000 live Petrofac eyes strong profit http://www.upstreamonline.com/live/1380517/Petrofac-eyes-strong-profit Petrofac is hoping to hit up to $600 million in net profit for the full year as it heralded its most successful year yet for new awards. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380517/Petrofac-eyes-strong-profit Fri, 17 Oct 2014 07:27:58 +0000 live Nam Cheong secures LOIs worth $186m http://www.upstreamonline.com/live/1380510/Nam-Cheong-secures-LOIs-worth-186m Malaysian offshore marine group Nam Cheong has received letters of intent for the sale and charter of several anchor handling tug supply vessels worth about $186 million. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1380510/Nam-Cheong-secures-LOIs-worth-186m Fri, 17 Oct 2014 04:58:46 +0000 live Gorgon boss bows out http://www.upstreamonline.com/live/1380509/Gorgon-boss-bows-out Chevron Australia Greater Gorgon area general manager Colin Beckett will retire next month, less than one year out from first liquefied natural gas from the Gorgon project off Western Australia. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1380509/Gorgon-boss-bows-out Fri, 17 Oct 2014 03:59:35 +0000 live Cosco extends Sevan Developer delivery http://www.upstreamonline.com/live/1380507/Cosco-extends-Sevan-Developer-delivery China's Cosco Shipyard has agreed to extend the delivery date for a newbuild rig that is under construction for Oslo-listed Sevan Drilling. Josh.Lewis@upstreamonline.com (Josh Lewis), Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1380507/Cosco-extends-Sevan-Developer-delivery Fri, 17 Oct 2014 02:53:24 +0000 live PNG LNG boosts Santos numbers http://www.upstreamonline.com/live/1380499/PNG-LNG-boosts-Santos-numbers The Papua New Guinea liquefied natural gas (PNG LNG) project has given Australia’s Santos a massive boost in quarterly production and sales revenue. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1380499/PNG-LNG-boosts-Santos-numbers Fri, 17 Oct 2014 00:38:35 +0000 live Transocean unit offers equity stake http://www.upstreamonline.com/live/1380487/Transocean-unit-offers-equity-stake Offshore contractor Transocean said it plans to sell a minority equity interest in its UK North Sea subsidiary known as Caledonia Offshore Drilling. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1380487/Transocean-unit-offers-equity-stake Thu, 16 Oct 2014 22:15:52 +0000 live ATP hit with $1m spill fine http://www.upstreamonline.com/live/1380485/ATP-hit-with-1m-spill-fine A subsidiary of bankrupt US independent ATP Oil & Gas has been handed a $1 million fine for a 2012 oil spill and attempt to cover it up with a chemical dispersant near a platform that has since been decommissioned. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1380485/ATP-hit-with-1m-spill-fine Thu, 16 Oct 2014 21:38:47 +0000 live Batista mining unit files for bankruptcy http://www.upstreamonline.com/live/1380476/Batista-mining-unit-files-for-bankruptcy MMX, the iron-ore mining company of former Brazilian billionaire Eike Batista, filed for bankruptcy on Wednesday following in the footsteps of sister oil explorer OGX and service outfit OSX. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1380476/Batista-mining-unit-files-for-bankruptcy Thu, 16 Oct 2014 18:12:25 +0000 live Odfjell, WJM in project co-op http://www.upstreamonline.com/live/1380445/Odfjell-WJM-in-project-co-op Odfjell Drilling has teamed up with US energy market project management outfit William Jacob Management (WJM) to collaborate on global offshore projects. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380445/Odfjell-WJM-in-project-co-op Thu, 16 Oct 2014 13:59:46 +0000 live FMC nets Total West of Shetlands work http://www.upstreamonline.com/live/1380431/FMC-nets-Total-West-of-Shetlands-work FMC Technologies has landed a contract from French supermajor Total to supply subsea systems for a pair of its fields off the UK. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380431/FMC-nets-Total-West-of-Shetlands-work Thu, 16 Oct 2014 12:56:43 +0000 live Chesapeake in $5.38bn shale asset sale http://www.upstreamonline.com/live/1380429/Chesapeake-in-5.38bn-shale-asset-sale Chesapeake Energy is selling off a raft of shale assets in the US to Southwestern Energy. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380429/Chesapeake-in-5.38bn-shale-asset-sale Thu, 16 Oct 2014 12:32:25 +0000 live Baker Hughes soars in Q3 http://www.upstreamonline.com/live/1380368/Baker-Hughes-soars-in-Q3 Baker Hughes rode large restructuring costs from North African operations and a $14 million impairment to post higher profit in the third quarter. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380368/Baker-Hughes-soars-in-Q3 Thu, 16 Oct 2014 10:51:51 +0000 live Maersk in Kleven vessel order http://www.upstreamonline.com/live/1380262/Maersk-in-Kleven-vessel-order Maersk Shupply Service has hatched an order for up to 10 offshore support vessels at at Norwegian shipbuilder. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380262/Maersk-in-Kleven-vessel-order Thu, 16 Oct 2014 08:11:28 +0000 live Ezra completes Gabon work http://www.upstreamonline.com/live/1380247/Ezra-completes-Gabon-work Singapore’s Ezra Holdings has just wrapped up a US$120 million contract for Houston-based Vaalco off Gabon with the new-build Lewek Constellation. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1380247/Ezra-completes-Gabon-work Thu, 16 Oct 2014 01:44:10 +0000 live Output boost bumps up Woodside's revenues http://www.upstreamonline.com/live/1380241/Output-boost-bumps-up-Woodsides-revenues Australian giant Woodside saw revenues rise 46.4% during the third quarter of the year on the back of increased production. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1380241/Output-boost-bumps-up-Woodsides-revenues Wed, 15 Oct 2014 23:39:39 +0000 live Petrobras posts output record http://www.upstreamonline.com/live/1380209/Petrobras-posts-output-record Brazil’s Petrobras shot to a new monthly output record in September helped by new domestic wells and production ramp-ups. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380209/Petrobras-posts-output-record Wed, 15 Oct 2014 14:17:43 +0000 live Enerjex in US shale patch splash http://www.upstreamonline.com/live/1380194/Enerjex-in-US-shale-patch-splash US player Enerjex Resources has made a maiden splash in two domestic shale oil plays with the acquisition of acreage. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380194/Enerjex-in-US-shale-patch-splash Wed, 15 Oct 2014 11:01:09 +0000 live Heerema wins Culzean jacket http://www.upstreamonline.com/live/1380193/Heerema-wins-Culzean-jacket Dutch contractor Heerema has emerged as the winner of a closely fought contest for a wellhead platform jacket construction contract on Maersk Oil’s Culzean gas field off the UK after securing the award from the Danish operator. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1380193/Heerema-wins-Culzean-jacket Wed, 15 Oct 2014 10:40:31 +0000 live Lund exit 'creates uncertainty' at Statoil http://www.upstreamonline.com/live/1380189/Lund-exit-creates-uncertainty-at-Statoil The stock market reacted negatively to Helge Lund’s shock exit as Statoil chief executive on Wednesday amid analyst fears it will create uncertainty during a critical transition period for the Norwegian state-owned giant. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1380189/Lund-exit-creates-uncertainty-at-Statoil Wed, 15 Oct 2014 10:00:48 +0000 live Expro lands $50m Ichthys deal http://www.upstreamonline.com/live/1380183/Expro-lands-50m-Ichthys-deal UK services player Expro has scooped a contract worth over $50 million to work on Inpex’s huge Ichthys liquefied natural gas project off Australia. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380183/Expro-lands-50m-Ichthys-deal Wed, 15 Oct 2014 09:08:46 +0000 live PGS warns on Q3 numbers http://www.upstreamonline.com/live/1380177/PGS-warns-on-Q3-numbers A slumping oil price and weaker market conditions are likely to hurt Norwegian seismic player Petroleum Geo-Services (PGS) in the third quarter. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380177/PGS-warns-on-Q3-numbers Wed, 15 Oct 2014 07:59:17 +0000 live Lund swaps Statoil for BG http://www.upstreamonline.com/live/1380173/Lund-swaps-Statoil-for-BG Statoil chief executive Helge Lund has revealed he will be leaving the company to head up UK giant BG Group. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1380173/Lund-swaps-Statoil-for-BG Wed, 15 Oct 2014 05:59:07 +0000 live Blue Ocean orders two more jack-ups http://www.upstreamonline.com/live/1380164/Blue-Ocean-orders-two-more-jack-ups Cayman Islands company Blue Ocean Drilling has signed on Shanghai Waigaoqiao Shipbuilding (SWS) to build two high specification jack-up rigs. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1380164/Blue-Ocean-orders-two-more-jack-ups Wed, 15 Oct 2014 02:51:54 +0000 live KS Discoverer 1 to stay in Kurdistan http://www.upstreamonline.com/live/1380161/KS-Discoverer-1-to-stay-in-Kurdistan KS Energy subsidiary KS Drilling has signed a new contract with Canadian company Oryx Petroleum which will see its onshore drilling rig KS Discover 1 continue to operate in Kurdistan. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1380161/KS-Discoverer-1-to-stay-in-Kurdistan Wed, 15 Oct 2014 02:05:34 +0000 live Triyards in $20.2m asset buy http://www.upstreamonline.com/live/1380160/Triyards-in-20.2m-asset-buy Singapore's Triyards has reached a deal buy facilities in Singapore and Vietnam from Australian shipbuilder and fabricator Henderson Marine Base. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1380160/Triyards-in-20.2m-asset-buy Wed, 15 Oct 2014 01:45:37 +0000 live Peru pipeline expansion delayed http://www.upstreamonline.com/sectors/companynews/1380155/Peru-pipeline-expansion-delayed The expansion of Peru's main natural gas pipeline has been delayed by nearly a year because of threats posed by insurgents and is now set to wrap up in the first quarter of 2016, the pipeline operator said on Tuesday. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/sectors/companynews/1380155/Peru-pipeline-expansion-delayed Tue, 14 Oct 2014 23:31:55 +0000 sectors sectors_companynews Ocean Rig applies for MLP listing http://www.upstreamonline.com/live/1380151/Ocean-Rig-applies-for-MLP-listing Drilling contractor Ocean Rig has filed initial paperwork to form a US master limited partnership, using top rigs on long-term contracts to provide a source of steady cash flow for potential investors. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1380151/Ocean-Rig-applies-for-MLP-listing Tue, 14 Oct 2014 22:50:49 +0000 live Apache CFO quits http://www.upstreamonline.com/live/1380148/Apache-CFO-quits US independent Apache said on Tuesday its chief financial officer has resigned after scarcely eight months on the job "to pursue other opportunities". Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1380148/Apache-CFO-quits Tue, 14 Oct 2014 21:06:56 +0000 live OMV chief shown the door http://www.upstreamonline.com/live/1380143/OMV-chief-shown-the-door OMV said on Tuesday its chief executive Gerhard Roiss has agreed to resign from his position with effect next June in an apparently widening management shakeup. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1380143/OMV-chief-shown-the-door Tue, 14 Oct 2014 20:39:27 +0000 live Output boost for OGPar http://www.upstreamonline.com/live/1380106/Output-boost-for-OGPar Brazilian independent OGPar has reported an increase in oil production in September, as it linked a fourth well to the OSX-3 floating production, storage and offloading vessel at the Tubarao Martelo field in the Campos basin. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1380106/Output-boost-for-OGPar Tue, 14 Oct 2014 12:18:46 +0000 live 'Big pay day' for Norway oil execs http://www.upstreamonline.com/live/1380083/Big-pay-day-for-Norway-oil-execs Statoil may be tightening its investment belt and laying off staff to cut costs but chief executive Helge Lund is apparently not feeling the pinch. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1380083/Big-pay-day-for-Norway-oil-execs Tue, 14 Oct 2014 10:30:38 +0000 live ControlCutter makes Bourbon cut http://www.upstreamonline.com/live/1380075/ControlCutter-makes-Bourbon-cut Stavanger-based technology developer ControlCutter is set to install its eponymous anchor-chain cutting tool on a newbuild anchor-handling tug supply vessel for French owner Bourbon Offshore Norway. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1380075/ControlCutter-makes-Bourbon-cut Tue, 14 Oct 2014 09:13:56 +0000 live Gazprom Q2 profit leaps http://www.upstreamonline.com/live/1380064/Gazprom-Q2-profit-leaps A large reversal in foreign exchange fortunes helped Russian gas giant Gazprom to an increased profit in the second quarter. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380064/Gazprom-Q2-profit-leaps Tue, 14 Oct 2014 08:20:43 +0000 live Global in Llanos asset sale http://www.upstreamonline.com/live/1380061/Global-in-Llanos-asset-sale London-listed Global Energy Development has struck a $50 million deal to sell its Llanos basin assets in Colombia to Canadian player Platino Energy. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1380061/Global-in-Llanos-asset-sale Tue, 14 Oct 2014 08:03:46 +0000 live Afren execs axed over 'gross misconduct' http://www.upstreamonline.com/live/1380057/Afren-execs-axed-over-gross-misconduct Afren has sacked its chief executive and chief operating officer for "gross misconduct" as a probe into financial dealings also implicated others in the Africa-focused explorer. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380057/Afren-execs-axed-over-gross-misconduct Tue, 14 Oct 2014 07:09:55 +0000 live Hawkley sells off Ukraine assets http://www.upstreamonline.com/live/1380044/Hawkley-sells-off-Ukraine-assets Hawkley Oil & Gas has entered into a binding deal to sell its Ukraine assets to fellow Australia-listed company Black Star Petroleum. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1380044/Hawkley-sells-off-Ukraine-assets Tue, 14 Oct 2014 01:47:21 +0000 live DNV GL opens Singapore LNG unit http://www.upstreamonline.com/live/1380042/DNV-GL-opens-Singapore-LNG-unit International classification society DNV GL has opened up a new liquefied natural gas unit in Singapore. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1380042/DNV-GL-opens-Singapore-LNG-unit Tue, 14 Oct 2014 00:32:22 +0000 live GE in $1.78bn chopper buy http://www.upstreamonline.com/live/1379999/GE-in-1.78bn-chopper-buy Engineering giant GE is increasing its footprint in the oil & gas sphere with the acquisition of an Irish helicopter leasing company. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1379999/GE-in-1.78bn-chopper-buy Mon, 13 Oct 2014 14:57:22 +0000 live Targa in $7.7bn US midstream buys http://www.upstreamonline.com/live/1379988/Targa-in-7.7bn-US-midstream-buys Texas-based midstream player Targa Resources is splashing out nearly $7.7 billion in two deals to buy a pair of related compatriot pipeline outfits. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1379988/Targa-in-7.7bn-US-midstream-buys Mon, 13 Oct 2014 13:24:20 +0000 live OneSubsea wins Lakach prize http://www.upstreamonline.com/live/1379980/OneSubsea-wins-Lakach-prize Schlumberger-Cameron joint venture OneSubsea has been awarded a contract by Pemex worth more than $270 million to deliver the subsea production system for the Lakach deep-water gas field development off Mexico. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1379980/OneSubsea-wins-Lakach-prize Mon, 13 Oct 2014 12:37:31 +0000 live COOEC confirms PTTEP Myanmar award http://www.upstreamonline.com/live/1379931/COOEC-confirms-PTTEP-Myanmar-award China’s Offshore Oil Engineering Company (COOEC) has confirmed the award of the contract to build four wellhead platforms for the Zawtika 1B gas field development off Myanmar. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1379931/COOEC-confirms-PTTEP-Myanmar-award Mon, 13 Oct 2014 08:00:05 +0000 live Clontarf shores up Ghana resolution http://www.upstreamonline.com/live/1379923/Clontarf-shores-up-Ghana-resolution London-listed Clontarf Energy has reached a resolution with the Ghanaian authorities for a petroleum agreement in the Tano area. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1379923/Clontarf-shores-up-Ghana-resolution Mon, 13 Oct 2014 07:01:01 +0000 live Statoil in $2.25bn Shah Deniz sale http://www.upstreamonline.com/live/1379920/Statoil-in-2.25bn-Shah-Deniz-sale Norway's Statoil has sold out of the Shah Deniz development off Azerbaijan to Malaysian player Petronas for $2.25 billion. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1379920/Statoil-in-2.25bn-Shah-Deniz-sale Mon, 13 Oct 2014 05:52:41 +0000 live Macquarie hits back in PetroFrontier legal stoush http://www.upstreamonline.com/live/1379918/Macquarie-hits-back-in-PetroFrontier-legal-stoush Macquarie Capital Markets Canada has filed a statement of defence and counter claim against PetroFrontier in response to the latter's damages claim earlier this year. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1379918/Macquarie-hits-back-in-PetroFrontier-legal-stoush Mon, 13 Oct 2014 04:20:20 +0000 live MMA threatened with strike action http://www.upstreamonline.com/live/1379916/MMA-threatened-with-strike-action Workers at the Dampier supply base are set to strike after ongoing negotiations between Mermaid Marine Australia (MMA) and the Maritime Union of Australia (MUA) failed to come to an agreement. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1379916/MMA-threatened-with-strike-action Mon, 13 Oct 2014 02:45:10 +0000 live Rosneft to fight sanctions http://www.upstreamonline.com/live/1379885/Rosneft-to-fight-sanctions Russia's top oil producer Rosneft has turned to UK-certified lawyers in its fight against Ukraine-related Western sanctions which have hit the company's output and prospects for its push to tap Arctic riches. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1379885/Rosneft-to-fight-sanctions Mon, 13 Oct 2014 00:30:05 +0000 live Colombian farmers to sue BP http://www.upstreamonline.com/live/1379878/Colombian-farmers-to-sue-BP A group of farmers from Colombia are suing BP, alleging the UK company negligently managed the construction of the Ocensa oil pipeline in Colombia during the mid-1990s, causing severe damage to their land, according to reports. (News Wires) http://www.upstreamonline.com/live/1379878/Colombian-farmers-to-sue-BP Mon, 13 Oct 2014 00:19:49 +0000 live SembMarine lands Libra conversion job http://www.upstreamonline.com/live/1379877/SembMarine-lands-Libra-conversion-job Sembcorp Marine has landed a $696 million contract for the conversion of the first floating production, storage and offloading unit for Brazil's giant pre-salt Libra field. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1379877/SembMarine-lands-Libra-conversion-job Mon, 13 Oct 2014 00:19:26 +0000 live Aban wins ONGC jack-up pair http://www.upstreamonline.com/live/1379824/Aban-wins-ONGC-jack-up-pair Local drilling contractor Aban Offshore has secured three-year contracts for a pair of offshore jack-ups under a 12-rig tender by India’s state-owned Oil & Natural Gas Corporation (ONGC). Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1379824/Aban-wins-ONGC-jack-up-pair Fri, 10 Oct 2014 12:03:15 +0000 live Interoil faces Colombia heat http://www.upstreamonline.com/live/1379808/Interoil-faces-Colombia-heat Oslo-listed Interoil saw its languishing share price plunge further on Friday after the Colombian authorities threatened to terminate two of its licences in the South American country. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1379808/Interoil-faces-Colombia-heat Fri, 10 Oct 2014 09:26:17 +0000 live Galp Energia hires E&P boss http://www.upstreamonline.com/live/1379807/Galp-Energia-hires-EP-boss Portugal’s Galp Energia has hired Statoil veteran Thore Kristiansen as its new head of exploration and production. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1379807/Galp-Energia-hires-EP-boss Fri, 10 Oct 2014 09:22:48 +0000 live Statoil 'confirms' 500 job cuts http://www.upstreamonline.com/live/1379798/Statoil-confirms-500-job-cuts Statoil has confirmed that it is set to eliminate a further 500 jobs by the end of 2016 as part of wide-ranging cost cutbacks by the Norwegian state-owned operator in response to falling profitability, according to a report. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1379798/Statoil-confirms-500-job-cuts Fri, 10 Oct 2014 08:23:34 +0000 live Quicksilver gets NYSE de-listing notice http://www.upstreamonline.com/live/1379776/Quicksilver-gets-NYSE-de-listing-notice Cash-strapped Quicksilver Resources has been notified by the New York Stock Exchange that it is in danger of being de-listed due to its stock trading at below $1 for more than 30 consecutive days. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1379776/Quicksilver-gets-NYSE-de-listing-notice Thu, 09 Oct 2014 21:27:56 +0000 live Dawson and TGC back at the altar http://www.upstreamonline.com/live/1379632/Dawson-and-TGC-back-at-the-altar US seismic contractors Dawson Geophysical and TGC Industries are set to merge under a proposed deal, reviving an earlier takeover effort between the pair that had collapsed. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1379632/Dawson-and-TGC-back-at-the-altar Thu, 09 Oct 2014 12:49:00 +0000 live Trio in subsea alliance http://www.upstreamonline.com/live/1379529/Trio-in-subsea-alliance Italian oilfield services contractor Saipem has formed a new subsea engineering player under a tripartite joint venture with energy consultancy Xodus Group and Japanese engineering outfit Chiyoda. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1379529/Trio-in-subsea-alliance Thu, 09 Oct 2014 10:19:19 +0000 live GMC takes on Maersk giant http://www.upstreamonline.com/live/1379524/GMC-takes-on-Maersk-giant Stavanger-based rig modification and maintenance yard GMC has been awarded a contract to complete Maersk Drilling’s second newbuild jack-up ready for work at the Ivar Aasen field off Norway. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1379524/GMC-takes-on-Maersk-giant Thu, 09 Oct 2014 09:46:46 +0000 live Shell losing play partner http://www.upstreamonline.com/live/1379517/Shell-losing-play-partner Shell is losing one high profile block partner in a move claimed as a victory by Greenpeace over the Anglo-Dutch supermajor’s Arctic drilling plans. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1379517/Shell-losing-play-partner Thu, 09 Oct 2014 08:44:06 +0000 live Prospector rig makes Total debut http://www.upstreamonline.com/live/1379507/Prospector-rig-makes-Total-debut Prospector Offshore Drilling’s first newbuild jack-up has finally started work for Total off the UK after a prolonged delay that has hit dayrate earnings for the Oslo-listed rig contractor. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1379507/Prospector-rig-makes-Total-debut Thu, 09 Oct 2014 07:10:13 +0000 live MWCC names new CEO http://www.upstreamonline.com/live/1379498/MWCC-names-new-CEO Spill-response outfit Marine Well Containment Company (MWCC) has named Don Armijo its new chief executive. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1379498/MWCC-names-new-CEO Wed, 08 Oct 2014 22:57:53 +0000 live Blackstone splashes $700m on CO2 EOR http://www.upstreamonline.com/live/1379497/Blackstone-splashes-700m-on-CO2-EOR Private equity player Blackstone Energy Partners has dished out $700 million to fund Windy Cove Energy, a company formed to acquire and develop CO2 enhanced oil recovery assets in the US. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1379497/Blackstone-splashes-700m-on-CO2-EOR Wed, 08 Oct 2014 22:10:40 +0000 live Ferc gives Corpus Christi environmental pass http://www.upstreamonline.com/live/1379484/Ferc-gives-Corpus-Christi-environmental-pass Federal US regulators have concluded that Cheniere Energy's proposed Corpus Christi LNG plant in Texas would not have a significant environmental impact, increasing the likelihood that the $10.8 billion project will get a construction permit. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1379484/Ferc-gives-Corpus-Christi-environmental-pass Wed, 08 Oct 2014 17:14:06 +0000 live Iona seals Orlando deals with CNR http://www.upstreamonline.com/live/1379446/Iona-seals-Orlando-deals-with-CNR UK-focused Iona Energy has made fresh progress with its northern North Sea Orlando subsea development but is separately facing a possible legal challenge after ditching a deal to increase its interest in two southern basin fields. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1379446/Iona-seals-Orlando-deals-with-CNR Wed, 08 Oct 2014 15:45:49 +0000 live Encana in $541m gas assets sale http://www.upstreamonline.com/live/1379450/Encana-in-541m-gas-assets-sale Canada's Encana is selling a raft of assets in Alberta to compatriot player Ember Resources in a deal worth more than $540 million. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1379450/Encana-in-541m-gas-assets-sale Wed, 08 Oct 2014 13:55:00 +0000 live Keppel wins in double http://www.upstreamonline.com/live/1379413/Keppel-wins-in-double Singapore's Keppel Offshore & Marine has netted contracts from repeat customers worth S$153 million ($119 million). bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1379413/Keppel-wins-in-double Wed, 08 Oct 2014 04:26:44 +0000 live Shell up to new tricks with WellDog http://www.upstreamonline.com/live/1379380/Shell-up-to-new-tricks-with-WellDog Anglo-Dutch supermajor Shell has teamed up with technical services outfit WellDog to jointly develop the Wyoming-based company’s proprietary downhole sensing technology for application in shale reservoirs. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1379380/Shell-up-to-new-tricks-with-WellDog Tue, 07 Oct 2014 20:31:14 +0000 live Most mega-projects 'over budget' http://www.upstreamonline.com/live/1379330/Most-mega-projects-over-budget Two-thirds of the world’s oil and gas mega-projects are running over budget and three quarters of them are running behind schedule, according to a new analysis. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1379330/Most-mega-projects-over-budget Tue, 07 Oct 2014 08:56:36 +0000 live EMGS vessel utilisation slips http://www.upstreamonline.com/live/1379324/EMGS-vessel-utilisation-slips Norwegian player Electromagnetic Geoservices (EMGS) has suffered a year-on-year slip in vessel utilisation for the third quarter. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1379324/EMGS-vessel-utilisation-slips Tue, 07 Oct 2014 07:15:44 +0000 live