www.upstreamonline.com http://www.upstreamonline.com/ www.upstreamonline.com Statoil bags new Oz award http://www.upstreamonline.com/live/1381336/Statoil-bags-new-Oz-award Statoil is expanding its footprint in Australia after being awarded operatorship of a large exploration permit in the prolific Carnarvon basin on the country’s North West Shelf. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1381336/Statoil-bags-new-Oz-award Fri, 24 Oct 2014 08:37:44 +0000 live Sechin: ‘Rosneft to press ahead in Arctic’ http://www.upstreamonline.com/live/1381333/Sechin-‘Rosneft-to-press-ahead-in-Arctic’ Rosneft chairman Igor Sechin has insisted the Russian oil giant will not quit its Arctic drilling operations despite sanctions from Western powers putting pressure on relationships with exploration partners, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381333/Sechin-‘Rosneft-to-press-ahead-in-Arctic’ Fri, 24 Oct 2014 08:23:29 +0000 live Ezra bags $70m in new work http://www.upstreamonline.com/live/1381200/Ezra-bags-70m-in-new-work The subsea services division of Ezra Holdings has landed several contracts in the US Gulf of Mexico and the Asia Pacific region worth a combined $70 million. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1381200/Ezra-bags-70m-in-new-work Fri, 24 Oct 2014 02:10:14 +0000 live Ezra sees revenues rise http://www.upstreamonline.com/live/1381199/Ezra-sees-revenues-rise Singapore's Ezra Holdings saw profits fall over the recent financial year, however gross profits were up following an 18% rise in revenue. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1381199/Ezra-sees-revenues-rise Fri, 24 Oct 2014 01:38:09 +0000 live Riverstone swoops for Proserv http://www.upstreamonline.com/live/1381193/Riverstone-swoops-for-Proserv Private equity player Riverstone Global Energy has signed a takeover deal with UK services player Proserv Group for an undisclosed sum, the financial company said. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1381193/Riverstone-swoops-for-Proserv Thu, 23 Oct 2014 23:07:04 +0000 live Llog makes new US Gulf discovery http://www.upstreamonline.com/live/1381172/Llog-makes-new-US-Gulf-discovery Privately held Llog Exploration has made another discovery at its Animal House-themed cluster of fields that will tie back to the Delta House semi-submersible production facility, which has been successfully installed in the deep-water Gulf of Mexico. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1381172/Llog-makes-new-US-Gulf-discovery Thu, 23 Oct 2014 19:33:50 +0000 live Norway contract 'fest before fall' http://www.upstreamonline.com/live/1381136/Norway-contract-fest-before-fall Norwegian contractors achieved record international turnover of Nkr206 billion ($31.3 billion) last year, driven largely by deliveries of equipment to Asian yards, but project cutbacks by operators are set to spoil the party, according to a new report. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1381136/Norway-contract-fest-before-fall Thu, 23 Oct 2014 14:46:36 +0000 live Reach grabs Eidesvik ROV job http://www.upstreamonline.com/live/1381105/Reach-grabs-Eidesvik-ROV-job Reach Subsea has secured a three-year deal with Eidesvik Offshore to provide remote-operated vehicle services for a newbuild subsea construction vessel. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1381105/Reach-grabs-Eidesvik-ROV-job Thu, 23 Oct 2014 13:25:26 +0000 live Petrolia inks Anticosti development deal http://www.upstreamonline.com/live/1381093/Petrolia-inks-Anticosti-development-deal A joint venture operated by French-Canadian junior Petrolia has signed an agreement with domestic utility Gaz Metro covering development of natural gas resources on Quebec’s Anticosti Island. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381093/Petrolia-inks-Anticosti-development-deal Thu, 23 Oct 2014 12:56:55 +0000 live Hercules stacks units on weak markets http://www.upstreamonline.com/live/1381090/Hercules-stacks-units-on-weak-markets Weak markets, particularly in the US Gulf of Mexico and West Africa, are forcing Hercules Offshore to stack a number of rigs, booking an impairment in the process. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381090/Hercules-stacks-units-on-weak-markets Thu, 23 Oct 2014 12:27:18 +0000 live Earnings drop for Oxy http://www.upstreamonline.com/live/1381087/Earnings-drop-for-Oxy Falling oil prices offset a boost in crude output to severely dent third-quarter profits for US independent Occidental Petroleum. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1381087/Earnings-drop-for-Oxy Thu, 23 Oct 2014 12:17:27 +0000 live Cameron aims for record profit http://www.upstreamonline.com/live/1381085/Cameron-aims-for-record-profit US contractor pushes for high full-year earnings as third quarter brings more revenues Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381085/Cameron-aims-for-record-profit Thu, 23 Oct 2014 12:09:48 +0000 live Revenue surges for Siem http://www.upstreamonline.com/live/1381082/Revenue-surges-for-Siem Siem Offshore boosted profit in the third quarter on higher revenue due to strong utilisation for a large part of its 44-vessel fleet. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1381082/Revenue-surges-for-Siem Thu, 23 Oct 2014 12:00:31 +0000 live Husky Energy ramps up Q3 earnings http://www.upstreamonline.com/live/1381076/Husky-Energy-ramps-up-Q3-earnings Canada’s Husky Energy has raised net earnings by 11.5% to $571 million in the third quarter as higher upstream production and downstream throughput increased profits. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1381076/Husky-Energy-ramps-up-Q3-earnings Thu, 23 Oct 2014 11:50:52 +0000 live Penn West in $316m asset sale http://www.upstreamonline.com/live/1381060/Penn-West-in-316m-asset-sale Penn West Petroleum is selling a number of non-core assets in Canada to a mystery company for around $316 million. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381060/Penn-West-in-316m-asset-sale Thu, 23 Oct 2014 10:58:23 +0000 live Cenovus profit slips 4% in Q3 http://www.upstreamonline.com/live/1381055/Cenovus-profit-slips-4-in-Q3 Canadian oil sands player Cenovus saw net profit slip by 4% to $354 million in the third quarter compared to the same period last year despite higher production as lower refining earnings and lower oil prices ate into increased cash flow. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1381055/Cenovus-profit-slips-4-in-Q3 Thu, 23 Oct 2014 10:45:25 +0000 live Hess takes Diamond newbuilds http://www.upstreamonline.com/live/1381052/Hess-takes-Diamond-newbuilds Diamond Offshore Drilling has won long-term rig charter contracts from US independent Hess for a pair of newbuild drillships. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381052/Hess-takes-Diamond-newbuilds Thu, 23 Oct 2014 10:29:49 +0000 live Safe Bristolia in for repairs http://www.upstreamonline.com/live/1381045/Safe-Bristolia-in-for-repairs Norway’s Bergen Group has secured repair work on Prosafe’s flotel Safe Bristolia after it was damaged in a storm. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1381045/Safe-Bristolia-in-for-repairs Thu, 23 Oct 2014 09:20:14 +0000 live TGS steadies seismic ship http://www.upstreamonline.com/live/1381030/TGS-steadies-seismic-ship Norwegian seismic player TGS weathered a weaker market in the third quarter as it recorded only a slight drop in profit on relatively stable revenue, while also boosting its contract backlog. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1381030/TGS-steadies-seismic-ship Thu, 23 Oct 2014 08:11:48 +0000 live Vnukovo airport CEO, deputy quit http://www.upstreamonline.com/live/1381025/Vnukovo-airport-CEO-deputy-quit The chief executive and deputy head of the Russian airport where Total chief executive Christophe de Margerie was killed in a plane crash earlier this week have resigned. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381025/Vnukovo-airport-CEO-deputy-quit Thu, 23 Oct 2014 07:59:06 +0000 live Wartsila boosts order numbers http://www.upstreamonline.com/live/1381014/Wartsila-boosts-order-numbers Finland's Wartsila has increased its quarter-on-quarter order intake, as liquefied natural gas and liquefied petroleum gas carriers boosted the company’s marine sector. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1381014/Wartsila-boosts-order-numbers Thu, 23 Oct 2014 07:22:20 +0000 live Profits plunge for PGS http://www.upstreamonline.com/live/1381018/Profits-plunge-for-PGS Petroleum Geo-Services (PGS) saw its profits slashed in the third quarter as it suffered from a weak seismic market and vessel impairments, while it also faces higher costs on a pair of newbuilds. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1381018/Profits-plunge-for-PGS Thu, 23 Oct 2014 07:12:24 +0000 live Nordic wins with Noble http://www.upstreamonline.com/live/1381011/Nordic-wins-with-Noble Singapore’s Nordic Maritime has secured a US$70 million charter with international oil company, Noble Energy. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1381011/Nordic-wins-with-Noble Thu, 23 Oct 2014 04:20:39 +0000 live Weatherford post third quarter profit rise http://www.upstreamonline.com/live/1381009/Weatherford-post-third-quarter-profit-rise Service company Weatherford International posted a rise in profits during the third quarter as revenues rose 8%, compared to a year earlier. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1381009/Weatherford-post-third-quarter-profit-rise Thu, 23 Oct 2014 04:17:04 +0000 live Oil Search to refocus in PNG http://www.upstreamonline.com/live/1381006/Oil-Search-to-refocus-in-PNG Australia’s Oil Search is set to make a number of changes to its business plan as the result of a six-month strategic review of the company. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1381006/Oil-Search-to-refocus-in-PNG Thu, 23 Oct 2014 00:42:34 +0000 live Moody's cuts Petrobras rating http://www.upstreamonline.com/live/1380990/Moodys-cuts-Petrobras-rating Moody's has dropped its rating of Petrobras by another notch but has maintained the Brazilian state-led company's investment grade. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1380990/Moodys-cuts-Petrobras-rating Wed, 22 Oct 2014 16:46:53 +0000 live Rosneft ‘looks for more from wealth fund’ http://www.upstreamonline.com/live/1380980/Rosneft-‘looks-for-more-from-wealth-fund’ Rosneft is looking for more than $48 billion from Russia’s National Welfare Fund amid international sanctions against the company, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380980/Rosneft-‘looks-for-more-from-wealth-fund’ Wed, 22 Oct 2014 15:58:19 +0000 live Total names CEO and chairman http://www.upstreamonline.com/live/1380931/Total-names-CEO-and-chairman Total's board of directors has named a new chief executive and new chairman in the wake of Monday's tragic death of former chief executive Christophe de Margerie. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1380931/Total-names-CEO-and-chairman Wed, 22 Oct 2014 11:15:33 +0000 live Profits surge for Havila http://www.upstreamonline.com/live/1380926/Profits-surge-for-Havila Havila Shipping saw its third-quarter operating profit surge 44% on the previous year on stronger earnings for the Oslo-listed offshore vessel owner’s fleet of anchor-handlers. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1380926/Profits-surge-for-Havila Wed, 22 Oct 2014 09:55:22 +0000 live Songa offloads rig liabilities http://www.upstreamonline.com/live/1380922/Songa-offloads-rig-liabilities Songa Offshore is cutting its financial liabilities on a loss-making rig sold earlier this year for which it has failed to find work after chartering it back from Singapore-based buyer Opus Offshore. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1380922/Songa-offloads-rig-liabilities Wed, 22 Oct 2014 09:16:56 +0000 live HitecVision raises Rocksource stake http://www.upstreamonline.com/live/1380912/HitecVision-raises-Rocksource-stake HitecVision has bumped up its newly acquired stake in cash-strapped Norwegian explorer Rocksource after picking up additional shares under its offer launched this week. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1380912/HitecVision-raises-Rocksource-stake Wed, 22 Oct 2014 08:24:34 +0000 live Norway 'licence to operate' for Fridman http://www.upstreamonline.com/live/1380906/Norway-licence-to-operate-for-Fridman Russian billionaire Mikhail Fridman’s outfit LetterOne reportedly has been given the official green light to act as an operator off Norway after its takeover of RWE Dea, which has a stake in the recent Alta discovery in the Barents Sea. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1380906/Norway-licence-to-operate-for-Fridman Wed, 22 Oct 2014 07:36:24 +0000 live Senex maintains guidance http://www.upstreamonline.com/live/1380893/Senex-maintains-guidance Australia's Senex Energy saw revenues rise during during the first quarter of the financial year on the back of increased production. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1380893/Senex-maintains-guidance Wed, 22 Oct 2014 01:39:09 +0000 live BHP boosting production http://www.upstreamonline.com/live/1380892/BHP-boosting-production Anglo-Australian mining giant BHP Billiton has achieved a 9% production increase over the quarter, due in large part to a 7% increase from the company’s petroleum business. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1380892/BHP-boosting-production Wed, 22 Oct 2014 00:44:59 +0000 live Savanna lands Oz rig contracts http://www.upstreamonline.com/live/1380890/Savanna-lands-Oz-rig-contracts Canada's Savanna Energy Services has signed a contract which will see it provide four additional drilling rigs for an existing customer in the Australian state of Queensland. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1380890/Savanna-lands-Oz-rig-contracts Wed, 22 Oct 2014 00:05:15 +0000 live International results boost Nabors http://www.upstreamonline.com/live/1380880/International-results-boost-Nabors Drilling contractor Nabors Industries posted higher quarterly income thanks to improved results both in North America and internationally. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1380880/International-results-boost-Nabors Tue, 21 Oct 2014 22:42:28 +0000 live FMC boosts third-quarter results http://www.upstreamonline.com/live/1380876/FMC-boosts-third-quarter-results Service specialist FMC Technologies posted a 15% gain in third-quarter revenues as its business segments continued to thrive from subsea to surface operations. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1380876/FMC-boosts-third-quarter-results Tue, 21 Oct 2014 21:53:16 +0000 live 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