http://www.upstreamonline.com/ www.upstreamonline.com http://www.upstreamonline.com/live/article1327713.ece Addax Petroleum has its eye on more North Sea assets with joint venture moves a possibility, according to a report. (News Wires) http://www.upstreamonline.com/live/article1327713.ece Fri, 24 May 2013 14:03:21 +0000 live http://www.upstreamonline.com/epaper/article1327708.ece Masood Siddiqui has been reappointed managing director and chief executive of Pakistan’s OGDC after the country’s Supreme Court ordered his removal to be reversed. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/epaper/article1327708.ece Fri, 24 May 2013 13:19:55 +0000 epaper http://www.upstreamonline.com/epaper/article1327686.ece UK contractor Ceona has slapped a high price tag on an offshore construction vessel currently working in the Mexican market which it has decided to sell. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/epaper/article1327686.ece Fri, 24 May 2013 12:20:05 +0000 epaper http://www.upstreamonline.com/live/article1327669.ece Italian oil giant Eni could splash out on more companies in Belgium as it looks to close the gap on power retail leader in the country, GDF Suez-owned Electrabel, according to a report. (News Wires) http://www.upstreamonline.com/live/article1327669.ece Fri, 24 May 2013 08:28:12 +0000 live http://www.upstreamonline.com/live/article1327662.ece Hoegh LNG widened its losses during the first quarter of the year, despite a rise in total income, as depreciation costs hit its bottom line. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/article1327662.ece Fri, 24 May 2013 07:55:47 +0000 live http://www.upstreamonline.com/live/article1327482.ece Norway’s IKM Consultants is making waves in the subsea market as it acquires a compatriot company from engineering giant Siemens. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/article1327482.ece Thu, 23 May 2013 14:43:52 +0000 live http://www.upstreamonline.com/live/article1327455.ece Marathon Oil has failed in its bid to offload a large chunk of its holdings in a Canadian oil sands project after it could not reach an agreement with an interested buyer. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/article1327455.ece Thu, 23 May 2013 12:43:58 +0000 live http://www.upstreamonline.com/epaper/article1327417.ece Slumping share prices, production declines and a “collapse” in profit have been cited by a shareholder group which has launched a revolt against the chief executive of London-listed explorer JKX Oil & Gas. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/epaper/article1327417.ece Thu, 23 May 2013 10:09:30 +0000 epaper http://www.upstreamonline.com/live/article1327405.ece Minnow US Oil & Gas has said a new competent person’s report has pegged 19 million barrels in contingent resources at its Hot Creek Valley acreage in Nye County, Nevada. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/article1327405.ece Thu, 23 May 2013 08:28:16 +0000 live http://www.upstreamonline.com/live/article1327402.ece Wood Group PSN has secured a five-year operations and maintenance contract from US independent Hess in the Gulf of Mexico. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/article1327402.ece Thu, 23 May 2013 07:57:29 +0000 live http://www.upstreamonline.com/live/article1327401.ece Norway’s Electromagnetic Geoservices (EMGS) is teaming up with seismic contractor TGS to develop joint multi-client projects in areas of north-western Europe. danica.newnham@upstreamonline.com (Danica Newnham) http://www.upstreamonline.com/live/article1327401.ece Thu, 23 May 2013 07:46:18 +0000 live http://www.upstreamonline.com/live/article1327400.ece Shares have slumped in both Parkmead and Lochard Energy after the former agreed a deal to buy the latter on Thursday. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/article1327400.ece Thu, 23 May 2013 07:38:11 +0000 live http://www.upstreamonline.com/live/article1327398.ece French engineering company Technip has been awarded a contract by Abu Dhabi Marine Operating Company (Adma-Opco) at Das Island, off the coast of Abu Dhabi in the United Arab Emirates. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/article1327398.ece Thu, 23 May 2013 06:45:22 +0000 live http://www.upstreamonline.com/live/article1327393.ece Australian independent Horizon Oil said it will reveal imminently the details on a "potential material transaction involving an asset disposal". (Russell Searancke) http://www.upstreamonline.com/live/article1327393.ece Thu, 23 May 2013 04:26:17 +0000 live http://www.upstreamonline.com/epaper/article1327390.ece Australian independent Santos has awarded a A$30 million (US$28.9 million) contract to one of its existing contractors for further work in the Cooper basin. danica.newnham@upstreamonline.com (Danica Newnham) http://www.upstreamonline.com/epaper/article1327390.ece Thu, 23 May 2013 04:22:39 +0000 epaper http://www.upstreamonline.com/live/article1327334.ece Norwegian minnow Core Energy is set to acquire interests in a pair of offshore fields in separate farm-in deals that are set to double its proven and probable reserves to more than 30 million barrels of oil equivalent. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/article1327334.ece Wed, 22 May 2013 14:59:36 +0000 live http://www.upstreamonline.com/live/article1327327.ece Teekay Offshore Partners has scooped a floating, storage & offloading contract from Norwegian state-run oil giant Statoil for work in the North Sea. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/article1327327.ece Wed, 22 May 2013 14:42:16 +0000 live http://www.upstreamonline.com/live/article1327324.ece Aker Solutions has secured a Nkr70 million ($12.1 million) brownfield award for study work on modifications to Statoil’s Heidrun platform in the Norwegian Sea to accommodate the future tie-in of the Zidane gas discovery. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/article1327324.ece Wed, 22 May 2013 14:15:26 +0000 live http://www.upstreamonline.com/live/article1327303.ece State player Qatar Petroleum has agreed to subscribe to a 15% increase in capital at Total’s Congo-Brazzaville arm. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/article1327303.ece Wed, 22 May 2013 13:27:07 +0000 live http://www.upstreamonline.com/epaper/article1327282.ece Perth-based Range Resources is poised to gain a large prospective onshore block in north Africa within the next two months as part of an exploration drive into Africa under its proposed merger with fellow Australian outfit International Petroleum. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/epaper/article1327282.ece Wed, 22 May 2013 11:39:13 +0000 epaper http://www.upstreamonline.com/live/article1327278.ece A Chevron executive working for the US supermajor in Indonesia has been re-arrested as part of a probe into alleged corruption in an environmental project at an oilfield, a report has claimed. (News Wires) http://www.upstreamonline.com/live/article1327278.ece Wed, 22 May 2013 10:31:55 +0000 live http://www.upstreamonline.com/epaper/article1327270.ece Management of Reservoir Exploration Technology (RXT) has warned the ocean bottom seismic cable contractor could be facing bankruptcy this summer as it races against the clock to secure a deal with creditors to convert debt into equity. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/epaper/article1327270.ece Wed, 22 May 2013 09:17:39 +0000 epaper http://www.upstreamonline.com/epaper/article1327258.ece Debt-laden oilfield drilling services outfit Archer has offloaded its North American rental and tubular division in a $244 million sale to a private equity investor, with an analyst predicting more disposals could be on the cards. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/epaper/article1327258.ece Wed, 22 May 2013 08:00:00 +0000 epaper http://www.upstreamonline.com/live/article1327250.ece Floating production contractor BW Offshore has seen first-quarter net profit jump more than fivefold from $5.5 million to $29.1 million on the back of stable operations and a 98.2% average vessel uptime. danica.newnham@upstreamonline.com (Danica Newnham) http://www.upstreamonline.com/live/article1327250.ece Wed, 22 May 2013 07:26:01 +0000 live http://www.upstreamonline.com/epaper/article1327249.ece Energy services company Wood Group has bought a UK-based provider of software and engineering consultancy services for well integrity and corrosion management. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/epaper/article1327249.ece Wed, 22 May 2013 06:34:51 +0000 epaper http://www.upstreamonline.com/epaper/article1327246.ece Drilling contractor Titan Energy Services has been awarded a contract extension with Australian coalbed methane (CBM) producer Australia Pacific Liquefied Natural Gas (APLNG). danica.newnham@upstreamonline.com (Danica Newnham) http://www.upstreamonline.com/epaper/article1327246.ece Wed, 22 May 2013 03:33:13 +0000 epaper http://www.upstreamonline.com/live/article1327225.ece Italy’s Saipem has said it has already won more than half its targeted new contracts in engineering and construction for 2013 and hiked earnings margins on the new works. Bill.Lehane@upstreamonline.com (Bill Lehane), (News Wires) http://www.upstreamonline.com/live/article1327225.ece Tue, 21 May 2013 15:55:31 +0000 live http://www.upstreamonline.com/live/article1327224.ece US independent Laredo Petroleum is exiting one basin to concentrate on another play as it sells up to EnerVest. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/article1327224.ece Tue, 21 May 2013 15:52:59 +0000 live http://www.upstreamonline.com/live/article1327169.ece Outgoing Shell chief executive Peter Voser has said that oil price manipulation goes “against everything we believe at Shell”. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/article1327169.ece Tue, 21 May 2013 11:04:24 +0000 live http://www.upstreamonline.com/live/article1327152.ece AIM-listed explorer Green Dragon Gas has said it plans to sell off its stake in a Beijing downstream gas business as part of an ongoing refocus to "a high growth E&P business". Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/article1327152.ece Tue, 21 May 2013 09:14:23 +0000 live http://www.upstreamonline.com/epaper/article1327144.ece United Arab Emirates-based contractor Gulf Marine Services (GMS) has scooped a trio of new deals worth a combined $21 million but has remained mum on much of the detail. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/epaper/article1327144.ece Tue, 21 May 2013 07:21:01 +0000 epaper http://www.upstreamonline.com/live/article1327143.ece Denmark's Maersk Drilling saw profits rise during the first quarter of the year on the back of solid operational performance across its entire rig fleet. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/article1327143.ece Tue, 21 May 2013 06:46:45 +0000 live http://www.upstreamonline.com/live/article1327127.ece Shareholders of Plains Exploration & Production approved a massive merger deal with Freeport-McMoRan Copper & Gold after the companies offered special dividends to sweeten to deal. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/article1327127.ece Mon, 20 May 2013 19:12:53 +0000 live http://www.upstreamonline.com/epaper/article1327121.ece Brazilian oil services company OSX is delaying indefinitely the full implementation of its shipyard in Rio de Janeiro as it also sees a sizeable order for tankers axed from its orderbook. (Fabio Palmigiani) http://www.upstreamonline.com/epaper/article1327121.ece Mon, 20 May 2013 15:21:49 +0000 epaper http://www.upstreamonline.com/live/article1327116.ece Freeport McMoRan Copper & Gold and Plains Exploration & Production have promised to splash out sweeteners for their shareholders as they seek approval for Freeport’s $6 billion acquisition of the explorer. Bill.Lehane@upstreamonline.com (Bill Lehane), (News Wires) http://www.upstreamonline.com/live/article1327116.ece Mon, 20 May 2013 13:46:51 +0000 live http://www.upstreamonline.com/epaper/article1327111.ece A South African company backed by US private equity funds is making a splash in neighbouring Namibia by snapping up a raft of deep-water offshore blocks. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/epaper/article1327111.ece Mon, 20 May 2013 13:03:18 +0000 epaper http://www.upstreamonline.com/live/article1327107.ece US rig player Hercules Offshore is taking a $40 million hit as it sells off a raft of units in a non-core market area which continues to remain depressed. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/article1327107.ece Mon, 20 May 2013 11:38:25 +0000 live http://www.upstreamonline.com/epaper/article1327096.ece Subsea newcomer Harkand is making a splash in the Gulf of Mexico market as it hatches a company acquisition. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/epaper/article1327096.ece Mon, 20 May 2013 09:06:56 +0000 epaper http://www.upstreamonline.com/live/article1327092.ece Kazakhstan-focused Zhaikmunai saw profits rise during the first quarter of the year as revenue and production hit record highs. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/article1327092.ece Mon, 20 May 2013 08:57:01 +0000 live http://www.upstreamonline.com/live/article1327086.ece Chesapeake Energy has confirmed it has hired an executive from US rival Anadarko Petroleum to replace the departed Aubrey McClendon as chief executive. (News Wires), stories@upstreamonline.com (Upstream Staff) http://www.upstreamonline.com/live/article1327086.ece Mon, 20 May 2013 07:57:58 +0000 live http://www.upstreamonline.com/live/article1327078.ece Texas has joined the swarm of Gulf of Mexico states to file suit against UK supermajor BP, cement provider Halliburton and others for their role in one of the worst oil spills in US history. (News Wires) http://www.upstreamonline.com/live/article1327078.ece Mon, 20 May 2013 03:10:59 +0000 live http://www.upstreamonline.com/live/article1327034.ece The New York Stock Exchange cancelled more than two dozen trades of Anadarko Petroleum stock occurring milliseconds before market close on Friday that sent the US independent's shares down about 99%. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/article1327034.ece Fri, 17 May 2013 21:57:34 +0000 live http://www.upstreamonline.com/live/article1327032.ece Shareholders voted out Transocean Chairman Michael Talbert at the annual meeting on Friday and backed a nominee of activist investor Carl Icahn to replace him on the board of the world's largest offshore drilling contractor. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/article1327032.ece Fri, 17 May 2013 18:57:18 +0000 live http://www.upstreamonline.com/live/article1327013.ece Dutch trading house Argos Energies is reportedly also among the oil companies and price reporting agencies being investigated by the European Commission in its oil market inquiry, Reuters has reported. Bill.Lehane@upstreamonline.com (Bill Lehane), (News Wires) http://www.upstreamonline.com/live/article1327013.ece Fri, 17 May 2013 13:40:17 +0000 live http://www.upstreamonline.com/epaper/article1327015.ece Maersk Oil expects its operating result for the full year to be lower than last year due to weaker oil prices and waning production. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/epaper/article1327015.ece Fri, 17 May 2013 13:39:06 +0000 epaper http://www.upstreamonline.com/epaper/article1326978.ece A Hungarian ethanol producer has said it complained to the European Commission about being excluded from assessments by Platts, which is one of several companies being inspected by the EC in its investigation of suspected collusion and price-fixing. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/epaper/article1326978.ece Fri, 17 May 2013 09:19:52 +0000 epaper http://www.upstreamonline.com/live/article1326979.ece Malaysian conglomerate UMW could be in the hunt for rig acquisitions as it lines up a listing of its oil & gas division. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/article1326979.ece Fri, 17 May 2013 09:08:45 +0000 live http://www.upstreamonline.com/live/article1326971.ece London-listed Petroceltic International is closing in on a second farm-in partner for its Isarene permit in Algeria. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/article1326971.ece Fri, 17 May 2013 07:19:05 +0000 live http://www.upstreamonline.com/live/article1326870.ece UK supermajor BP is reportedly asking Prime Minister David Cameron for help in easing the escalating burden of costs in the US associated with the 2010 Macondo disaster. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide), (News Wires) http://www.upstreamonline.com/live/article1326870.ece Thu, 16 May 2013 15:42:05 +0000 live http://www.upstreamonline.com/epaper/article1326925.ece Hess chairman and chief executive John Hess is looking forward to the company “making money” after its battle with a disgruntled shareholder was called off just hours before a crucial showdown on Thursday. (Anthony Guegel) http://www.upstreamonline.com/epaper/article1326925.ece Thu, 16 May 2013 15:12:27 +0000 epaper http://www.upstreamonline.com/live/article1326908.ece Hess has reached a late, late deal with Elliott Management which sees the two resolve differences about the former's board make-up. (Eoin Ocinneide) http://www.upstreamonline.com/live/article1326908.ece Thu, 16 May 2013 12:52:10 +0000 live http://www.upstreamonline.com/live/article1326906.ece Norway’s Kongsberg Maritime has landed an equipment order for four Transocean newbuild drillships under construction at Daewoo Shipbuilding & Marine Engineering. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/article1326906.ece Thu, 16 May 2013 12:07:08 +0000 live http://www.upstreamonline.com/live/article1326903.ece Tony Hayward has become the interim chairman of mining behemoth GlencoreXstrata after incumbent John Bond failed to be reelected. (Eoin Ocinneide) http://www.upstreamonline.com/live/article1326903.ece Thu, 16 May 2013 11:49:47 +0000 live http://www.upstreamonline.com/live/article1326893.ece Norway’s oil industry association is calling for a government rethink on controversial proposed tax raises at a parliamentary hearing taking place on Thursday from which Statoil’s boss has reportedly been barred. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/article1326893.ece Thu, 16 May 2013 10:40:31 +0000 live http://www.upstreamonline.com/epaper/article1326885.ece Songa Offshore aims to line up financing by the end of this year for four so-called Category D newbuilds, while also eyeing possible sales of a pair of older semi-submersible rigs set for work in Asia. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/epaper/article1326885.ece Thu, 16 May 2013 09:45:28 +0000 epaper http://www.upstreamonline.com/live/article1326883.ece Canadian independent Kulczyk Oil Ventures has seen its first quarter net earnings double year-on-year to $4.23 million as its Ukraine gas licences continued to deliver increased output. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/article1326883.ece Thu, 16 May 2013 09:22:54 +0000 live http://www.upstreamonline.com/live/article1326877.ece Slumping crude oil prices sent net profit diving almost a fifth at Russian giant Gazprom Neft in the first quarter. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/article1326877.ece Thu, 16 May 2013 08:53:51 +0000 live http://www.upstreamonline.com/epaper/article1326871.ece Ratings agency Moody’s has said that the European investigation of suspected oil market abuses is credit negative for the oil industry, but that it will not impact ratings in the short term. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/epaper/article1326871.ece Thu, 16 May 2013 08:37:55 +0000 epaper http://www.upstreamonline.com/live/article1326869.ece Offshore services contractor Subsea 7 saw net profit rise in the first quarter despite cost pressures and project delays. danica.newnham@upstreamonline.com (Danica Newnham) http://www.upstreamonline.com/live/article1326869.ece Thu, 16 May 2013 08:15:01 +0000 live http://www.upstreamonline.com/live/article1326858.ece London-listed company Afren saw profits fall during the first quarter of the year as lower oil prices hit revenues and tax expenses increased. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/article1326858.ece Thu, 16 May 2013 07:06:12 +0000 live http://www.upstreamonline.com/live/article1326713.ece Offshore rig giant Transocean said it has secured about $662 million worth of new contracts and extensions over the last month, including work for three rigs off the coast of Australia. danica.newnham@upstreamonline.com (Danica Newnham) http://www.upstreamonline.com/live/article1326713.ece Thu, 16 May 2013 03:12:30 +0000 live http://www.upstreamonline.com/live/article1326711.ece Oslo-listed rig contractor Northern Offshore has posted a profit for the first quarter of 2013 despite lower than expected earnings. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/article1326711.ece Thu, 16 May 2013 02:53:33 +0000 live http://www.upstreamonline.com/epaper/article1326710.ece Chinese company Sino Australia Oil & Gas is looking to raise up to A$20 million (US$19.8 million) through an initial public offering on the Australian Securities Exchange (ASX). Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/epaper/article1326710.ece Thu, 16 May 2013 01:46:57 +0000 epaper http://www.upstreamonline.com/epaper/article1326707.ece Anadarko's vice president of exploration said on Wednesday that the US independent's massive Shenandoah discovery in the deep-water Gulf of Mexico is big enough on its own to demand a standalone production facility. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/epaper/article1326707.ece Wed, 15 May 2013 22:19:23 +0000 epaper http://www.upstreamonline.com/epaper/article1326703.ece Anadarko Petroleum has sold a 15% stake in its Nansen oilfield in the deep-water Gulf of Mexico to Ecopetrol of Colombia, as the US independent prepares to test a deeper prospect at the producing project. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/epaper/article1326703.ece Wed, 15 May 2013 20:06:38 +0000 epaper http://www.upstreamonline.com/epaper/article1326673.ece The oil companies involved in this week’s European anti-trust inspections may be in for a long-running investigation that might not come to arrests or charges for at least two years, a legal expert in white collar and financial crime has predicted. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/epaper/article1326673.ece Wed, 15 May 2013 15:25:17 +0000 epaper http://www.upstreamonline.com/live/article1326666.ece Oslo-listed rig contractor Prospector Offshore Drilling sank further into the red in the first quarter on the expected loss of cash on deposit at a Cyprus bank. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/article1326666.ece Wed, 15 May 2013 14:00:11 +0000 live http://www.upstreamonline.com/live/article1326658.ece Shell has maintained that Egypt “remains an important country” for the supermajor despite an agreement to sell some downstream assets to rival Total. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/article1326658.ece Wed, 15 May 2013 13:32:41 +0000 live http://www.upstreamonline.com/live/article1326650.ece FMC Technologies has won a $26 million order from ConocoPhillips to supply subsea equipment for the third phase of the US operator’s Bayu-Undan gas and condensate field development in the Timor Sea off Timor-Leste. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/article1326650.ece Wed, 15 May 2013 12:27:45 +0000 live http://www.upstreamonline.com/epaper/article1326644.ece British prime minister David Cameron is ‘deeply concerned’ by the European Commission investigation into alleged oil market abuses and its potential impact on consumer oil prices. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/epaper/article1326644.ece Wed, 15 May 2013 11:50:37 +0000 epaper http://www.upstreamonline.com/live/article1326641.ece AIM-listed Northern Petroleum has said it has secured a letter of intent from a buyer for its eight licences in the Netherlands. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/article1326641.ece Wed, 15 May 2013 11:00:58 +0000 live http://www.upstreamonline.com/live/article1326634.ece The board of Songa Offshore has nominated a new chairman with rig management expertise as it faces financing challenges on a costly four-rig newbuild programme. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/article1326634.ece Wed, 15 May 2013 10:31:22 +0000 live http://www.upstreamonline.com/live/article1326613.ece Brazilian independent HRT Oil & Gas ran up red ink in the first quarter on the back of a general lack of revenues and higher expenses while disposal gains were down. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/article1326613.ece Wed, 15 May 2013 09:39:36 +0000 live http://www.upstreamonline.com/epaper/article1326612.ece The lead investor in Aker Solutions has not ruled out a further portfolio revamp at the financially challenged Norwegian contractor, with a “strategic solution” being sought for its oilfield services and marine assets (OMA) business area. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/epaper/article1326612.ece Wed, 15 May 2013 09:24:05 +0000 epaper http://www.upstreamonline.com/live/article1326608.ece PTTEP Australasia, a subsidiary of Thailand’s PTT Exploration & Production, has awarded a multi-million dollar contract to Bond Helicopters Australia to support its oil and gas operations in the Timor Sea. danica.newnham@upstreamonline.com (Danica Newnham) http://www.upstreamonline.com/live/article1326608.ece Wed, 15 May 2013 09:16:42 +0000 live http://www.upstreamonline.com/epaper/article1326585.ece PetroChina’s decision on Tuesday to drop its takeover proposal for coalbed methane player WestSide has disrupted a gas supply deal it has with Australia’s LNG Ltd. danica.newnham@upstreamonline.com (Danica Newnham) http://www.upstreamonline.com/epaper/article1326585.ece Wed, 15 May 2013 04:26:20 +0000 epaper http://www.upstreamonline.com/live/article1326572.ece New Orleans-based Tidewater, an owner of offshore service vessels, has agreed to buy Troms Offshore Supply of Norway for about $395 million. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/article1326572.ece Tue, 14 May 2013 21:57:07 +0000 live http://www.upstreamonline.com/live/article1326569.ece Transocean’s Sedco Express semi-submersible helped coordinate rescue efforts for 13 crew members trapped on a burning fuel tanker off Nigeria this month, the rig contractor said on Tuesday. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/article1326569.ece Tue, 14 May 2013 21:27:53 +0000 live http://www.upstreamonline.com/epaper/article1326571.ece Houston-based driller Atwood Oceanics said on Tuesday that it had signed a contract for one of its jack-up rigs to operate offshore Cameroon. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/epaper/article1326571.ece Tue, 14 May 2013 21:23:56 +0000 epaper http://www.upstreamonline.com/live/article1326568.ece Supermajor ExxonMobil lost its spot atop the list of the 500 most valuable US companies ranked by Fortune magazine despite posting the second highest annual profit in US history in 2012. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/article1326568.ece Tue, 14 May 2013 19:51:17 +0000 live http://www.upstreamonline.com/live/article1326535.ece Shell, BP and Statoil have said their offices were inspected on Tuesday as part of a European Commission investigation into suspected anti-competitive practices. Bill.Lehane@upstreamonline.com (Bill Lehane), Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/article1326535.ece Tue, 14 May 2013 15:22:37 +0000 live http://www.upstreamonline.com/epaper/article1326487.ece New BG Group chief executive Chris Finlayson has said the UK explorer will abandon long-term production targets in favour of a refocus on value generation through high-margin projects. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/epaper/article1326487.ece Tue, 14 May 2013 11:59:39 +0000 epaper http://www.upstreamonline.com/live/article1326503.ece The activist investor engaged in a proxy battle with Hess has reportedly proposed a new board for the US oil producer that would include all nominees put forward by both sides ahead of a vote in a few days’ time. (News Wires) http://www.upstreamonline.com/live/article1326503.ece Tue, 14 May 2013 11:57:42 +0000 live http://www.upstreamonline.com/live/article1326483.ece Contractor Noble Corp is on the verge of inking a large order for a rig after sealing a long-term charter contract from Norway's Statoil. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/article1326483.ece Tue, 14 May 2013 10:16:40 +0000 live http://www.upstreamonline.com/epaper/article1326473.ece PetroChina has walked away from a proposal to buy Australian coalbed methane (CBM) player WestSide. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/epaper/article1326473.ece Tue, 14 May 2013 08:57:44 +0000 epaper http://www.upstreamonline.com/epaper/article1326472.ece OMV has seen first-quarter earnings rise 6% on the back of higher sales revenue, the Austrian energy group reported on Tuesday. danica.newnham@upstreamonline.com (Danica Newnham) http://www.upstreamonline.com/epaper/article1326472.ece Tue, 14 May 2013 08:45:56 +0000 epaper http://www.upstreamonline.com/epaper/article1326470.ece Statoil has signed a farm-in deal with BP to acquire a substantial interest in four frontier licences off South Australia to add to its existing onshore acreage in the country. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/epaper/article1326470.ece Tue, 14 May 2013 08:27:56 +0000 epaper http://www.upstreamonline.com/epaper/article1326465.ece Rak Petroleum is set to break away from its United Arab Emirates roots in a corporate revamp that could be ”transformational” for the company as it seeks to expand overseas, according to its chief executive. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/epaper/article1326465.ece Tue, 14 May 2013 08:11:48 +0000 epaper http://www.upstreamonline.com/live/article1326457.ece French engineering company Technip has been awarded a contract for work on the Statoil-operated Norne field development in the Norwegian Sea. danica.newnham@upstreamonline.com (Danica Newnham) http://www.upstreamonline.com/live/article1326457.ece Tue, 14 May 2013 06:49:43 +0000 live http://www.upstreamonline.com/live/article1326452.ece Brazil’s state oil company Petrobras has sold $11 billion of global debt in the largest-ever bond offering by a Latin American company. (News Wires) http://www.upstreamonline.com/live/article1326452.ece Tue, 14 May 2013 03:29:42 +0000 live http://www.upstreamonline.com/live/article1326453.ece Sydney-based Planet Gas has announced its withdrawal from coalbed methane (CBM) activities in the Australian state of New South Wales. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/article1326453.ece Tue, 14 May 2013 03:27:02 +0000 live http://www.upstreamonline.com/epaper/article1326438.ece The chairman and former chief executive of rig-contracting giant Transocean plans to retire from the company's board of directors amid a fight for control with activist investor Carl Icahn. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/epaper/article1326438.ece Mon, 13 May 2013 17:46:08 +0000 epaper http://www.upstreamonline.com/live/article1326421.ece Eidesvik Offshore slumped to a loss in the first quarter as a weak North Sea supply vessel market, combined with higher costs, sank its bottom line. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/article1326421.ece Mon, 13 May 2013 14:12:49 +0000 live http://www.upstreamonline.com/live/article1326411.ece Gasco Energy has voiced "substantial doubt" about its ability to continue trading as the US junior sank into breach on loan covenants. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/article1326411.ece Mon, 13 May 2013 12:29:24 +0000 live http://www.upstreamonline.com/epaper/article1326408.ece India’s Punj Lloyd has confirmed is has scooped a subsea pipeline and platform topsides modification contract from compatriot Oil & Natural Gas Corporation (ONGC). Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/epaper/article1326408.ece Mon, 13 May 2013 12:01:46 +0000 epaper http://www.upstreamonline.com/epaper/article1326378.ece French major Total has struck deals with two Norwegian players to swap assets in the Barents and North seas off Norway. danica.newnham@upstreamonline.com (Danica Newnham) http://www.upstreamonline.com/epaper/article1326378.ece Mon, 13 May 2013 09:28:29 +0000 epaper http://www.upstreamonline.com/live/article1326380.ece Songa Offshore has installed as its new chief executive the newly appointed boss of a rig subsidiary who was initially hired as a troubleshooter on the Norwegian contractor’s Category D newbuild programme. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/article1326380.ece Mon, 13 May 2013 09:03:32 +0000 live http://www.upstreamonline.com/live/article1326372.ece Wood Group Kenny has secured a multi-million dollar engineering contract from GDF Suez for the Bonaparte LNG project in Australia where the French operator is looking to deploy its first floating liquefaction facility. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/article1326372.ece Mon, 13 May 2013 08:28:33 +0000 live http://www.upstreamonline.com/live/article1326367.ece Global logistics provider Agility has struck a five-year deal with Kuwait National Petroleum Company (KNPC) worth an estimated $24.4 million. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/article1326367.ece Mon, 13 May 2013 08:05:59 +0000 live http://www.upstreamonline.com/live/article1326365.ece Einar Gjelsvik is out as chief executive of Norwegian oil company Noreco with immediate effect as a new boss moves in. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/article1326365.ece Mon, 13 May 2013 07:55:32 +0000 live