www.upstreamonline.com http://www.upstreamonline.com/ www.upstreamonline.com Chesapeake in Wyoming asset swap http://www.upstreamonline.com/live/1371042/Chesapeake-in-Wyoming-asset-swap Chesapeake Energy is blocking up its position in the emerging stacked oil plays of the Powder River basin in Wyoming through an asset swap with privately held RKI Exploration & Production. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1371042/Chesapeake-in-Wyoming-asset-swap Tue, 29 Jul 2014 17:28:14 +0000 live Centrica hires BP's Conn as CEO http://www.upstreamonline.com/live/1371035/Centrica-hires-BPs-Conn-as-CEO UK utility Centrica has confirmed the appointment of outgoing BP downstream boss Iain Conn as its next chief executive. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1371035/Centrica-hires-BPs-Conn-as-CEO Tue, 29 Jul 2014 15:28:09 +0000 live Eco gains Ghana foothold http://www.upstreamonline.com/live/1371033/Eco-gains-Ghana-foothold Canadian explorer Eco Atlantic has gained an entry ticket into Ghana’s prospective offshore play after securing parliamentary approval to acquire an operating stake in the Deepwater Cape Three Points West block. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1371033/Eco-gains-Ghana-foothold Tue, 29 Jul 2014 14:23:35 +0000 live Saipem targets pared back http://www.upstreamonline.com/live/1371024/Saipem-targets-pared-back Saipem has pulled back its full-year top-end profit and revenue guidance due to some delays and postponements affecting some of its rigs. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1371024/Saipem-targets-pared-back Tue, 29 Jul 2014 13:19:24 +0000 live Savannah plans $50m London IPO http://www.upstreamonline.com/live/1371026/Savannah-plans-50m-London-IPO UK newcomer Savannah Petroleum plans to raise $50 million in an initial public offering on London’s junior exchange to fund exploration on a block off Niger. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1371026/Savannah-plans-50m-London-IPO Tue, 29 Jul 2014 13:18:51 +0000 live BAM Clough completes Ichthys MOF http://www.upstreamonline.com/live/1371018/BAM-Clough-completes-Ichthys-MOF BAM Clough has completed design and construction of the module offloading facility (MOF) for the Inpex-operated Ichthys liquefied natural gas plant in Australia. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1371018/BAM-Clough-completes-Ichthys-MOF Tue, 29 Jul 2014 12:15:29 +0000 live NOV soars in Q2 http://www.upstreamonline.com/live/1371010/NOV-soars-in-Q2 National Oilwell Varco (NOV) piled on the profit in the second quarter as the rig systems segment posted a strong period. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1371010/NOV-soars-in-Q2 Tue, 29 Jul 2014 11:17:12 +0000 live Hoegh in NY flotation http://www.upstreamonline.com/live/1371002/Hoegh-in-NY-flotation Norway’s Hoegh LNG Partners has launched an initial public offering on the New York stock exchange as it targets investor cash to fund its diverse initiatives in the liquefied natural gas market. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1371002/Hoegh-in-NY-flotation Tue, 29 Jul 2014 10:30:26 +0000 live Talisman sinks into the red http://www.upstreamonline.com/live/1370997/Talisman-sinks-into-the-red Talisman Energy slumped to a heavy loss in the second quarter as it suffered impairments on its North Sea operations, while it was also hit by lower North American gas prices. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1370997/Talisman-sinks-into-the-red Tue, 29 Jul 2014 09:56:38 +0000 live Saipem scoops $850m of new deals http://www.upstreamonline.com/live/1370992/Saipem-scoops-850m-of-new-deals Saipem has landed a plethora of offshore and onshore drilling contracts totalling $850 million. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370992/Saipem-scoops-850m-of-new-deals Tue, 29 Jul 2014 08:57:36 +0000 live CompactGTL nets $50m pot http://www.upstreamonline.com/live/1370985/CompactGTL-nets-50m-pot Gas-to-liquids player CompactGTL is moving closer to a final investment decision on the world’s first small-scale commercial GTL plant in Kazakhstan after securing $50 million in investment. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370985/CompactGTL-nets-50m-pot Tue, 29 Jul 2014 08:30:35 +0000 live Velocys in FID for GTL project http://www.upstreamonline.com/live/1370986/Velocys-in-FID-for-GTL-project A group of companies including Velocys have taken a final investment decision on their first commercial gas-to-liquids plant in the US. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370986/Velocys-in-FID-for-GTL-project Tue, 29 Jul 2014 08:27:47 +0000 live BP warns of possible sanctions impact http://www.upstreamonline.com/live/1370982/BP-warns-of-possible-sanctions-impact Further sanctions against Russia or oil giant Rosneft could hit BP in the pocket were they to be imposed by the US or other international powers, the UK supermajor has warned. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370982/BP-warns-of-possible-sanctions-impact Tue, 29 Jul 2014 07:31:49 +0000 live Troim in Seatankers shift http://www.upstreamonline.com/live/1370980/Troim-in-Seatankers-shift The right-hand man of billionaire shipping and offshore tycoon John Fredriksen is stepping down from the latter’s holding company Seatankers Group in order to focus on the group’s drilling and liquefied natural gas businesses. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1370980/Troim-in-Seatankers-shift Tue, 29 Jul 2014 07:13:50 +0000 live BP profit jumps http://www.upstreamonline.com/live/1370978/BP-profit-jumps Production start-ups and ramp-ups have delivered UK supermajor BP a stellar second quarter, with net profit jumping by 61%. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1370978/BP-profit-jumps Tue, 29 Jul 2014 06:48:42 +0000 live Panel delivers Ambassador blow http://www.upstreamonline.com/live/1370976/Panel-delivers-Ambassador-blow The Australian Takeovers Panel has delivered a blow to Drillsearch Energy’s takeover offer for Australian junior Ambassador Oil & Gas. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1370976/Panel-delivers-Ambassador-blow Tue, 29 Jul 2014 05:40:23 +0000 live Cue looks to sell in PNG http://www.upstreamonline.com/live/1370975/Cue-looks-to-sell-in-PNG Australian junior Cue Energy is looking to sell down its portfolio in Papua New Guinea and is currently testing the market. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1370975/Cue-looks-to-sell-in-PNG Tue, 29 Jul 2014 03:32:03 +0000 live ASA reluctant on Woodside franking http://www.upstreamonline.com/live/1370973/ASA-reluctant-on-Woodside-franking The Australian Shareholders Association has ‘reluctantly’ supported Woodside’s share buyback from Shell announced earlier this year. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1370973/ASA-reluctant-on-Woodside-franking Tue, 29 Jul 2014 01:27:31 +0000 live Beach boasts bumper result http://www.upstreamonline.com/live/1370970/Beach-boasts-bumper-result Australia’s Beach Energy posted record revenues for the recent financial year as oil output hit a new high. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1370970/Beach-boasts-bumper-result Tue, 29 Jul 2014 00:41:18 +0000 live Post Oak splashes $150m on start-up http://www.upstreamonline.com/live/1370962/Post-Oak-splashes-150m-on-start-up Private equity player Post Oak Energy Capital is investing $150 million in oil and gas start-up CP Exploration II to help fund acquisitions and growth capital. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1370962/Post-Oak-splashes-150m-on-start-up Mon, 28 Jul 2014 19:33:20 +0000 live Pacific Rubiales set for output boost http://www.upstreamonline.com/live/1370953/Pacific-Rubiales-set-for-output-boost Canada's Pacific Rubiales said it expects to raise output by 11% year-on-year in the second quarter to between 148,000 and 150,000 barrels of oil equivalent per day. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1370953/Pacific-Rubiales-set-for-output-boost Mon, 28 Jul 2014 16:08:57 +0000 live JKX earnings slide on currency woe http://www.upstreamonline.com/live/1370936/JKX-earnings-slide-on-currency-woe Ukraine- and Russia-focused JKX saw its first-half profits slide by 38% due to foreign exchange losses but is continuing to raise production in Ukraine despite the political crisis. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1370936/JKX-earnings-slide-on-currency-woe Mon, 28 Jul 2014 13:39:34 +0000 live Total offloads South Africa coal business http://www.upstreamonline.com/live/1370923/Total-offloads-South-Africa-coal-business France's Total has sold its coal-producing affiliate Total Coal South Africa to Exxaro Resources for $472 million. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1370923/Total-offloads-South-Africa-coal-business Mon, 28 Jul 2014 12:09:53 +0000 live Pair 'hunt partner' for Kenya play http://www.upstreamonline.com/live/1370920/Pair-hunt-partner-for-Kenya-play Co-venturers Africa Oil and Tullow Oil are reportedly looking to rope in a third partner to help bankroll development of their discoveries in Kenya’s South Lokichar basin. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1370920/Pair-hunt-partner-for-Kenya-play Mon, 28 Jul 2014 10:59:36 +0000 live Peregrino extension for Archer http://www.upstreamonline.com/live/1370917/Peregrino-extension-for-Archer Archer has secured an extension of a drilling services contract with Statoil for the Norwegian operator’s Peregrino oilfield off Brazil. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1370917/Peregrino-extension-for-Archer Mon, 28 Jul 2014 10:17:11 +0000 live Galp Energia profits fall 21% http://www.upstreamonline.com/live/1370913/Galp-Energia-profits-fall-21 Portugal’s Galp Energia has seen its profits fall less than expected in the second quarter as rising oil output compensated for a drop in refining margins as well as refinery maintenance. Bill.Lehane@upstreamonline.com (Bill Lehane), (News Wires) http://www.upstreamonline.com/live/1370913/Galp-Energia-profits-fall-21 Mon, 28 Jul 2014 09:57:01 +0000 live GMS gets double extension http://www.upstreamonline.com/live/1370890/GMS-gets-double-extension London-listed Gulf Marine Services has won two extensions for small class vessels working in the Middle East and North Africa. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1370890/GMS-gets-double-extension Mon, 28 Jul 2014 07:03:46 +0000 live Hoegh delivers on Indonesian work http://www.upstreamonline.com/live/1370889/Hoegh-delivers-on-Indonesian-work Norwegian player Hoegh has carried out its work at the PGN floating storage and regasification vessel (FSRU) Lampung liquefied natural gas project as the company reaches a major milestone. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1370889/Hoegh-delivers-on-Indonesian-work Mon, 28 Jul 2014 05:47:24 +0000 live Leighton posts lower profits http://www.upstreamonline.com/live/1370888/Leighton-posts-lower-profits Contractor Leighton Holdings saw profits slip during the first half of the year, despite a rise in revenue. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1370888/Leighton-posts-lower-profits Mon, 28 Jul 2014 05:10:04 +0000 live WorleyParsons wins Woodside gig http://www.upstreamonline.com/live/1370886/WorleyParsons-wins-Woodside-gig Australian contractor WorleyParsons has won an engineering, procurement and construction contract management contract with Woodside. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1370886/WorleyParsons-wins-Woodside-gig Mon, 28 Jul 2014 03:03:28 +0000 live Cadlao dispute reaches settlement http://www.upstreamonline.com/live/1370879/Cadlao-dispute-reaches-settlement A dispute regarding the service contract SC6 Cadlao has been resolved between Peak Oil & Gas and Cadco Development. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1370879/Cadlao-dispute-reaches-settlement Mon, 28 Jul 2014 02:05:44 +0000 live Senex posts record figures http://www.upstreamonline.com/live/1370833/Senex-posts-record-figures Australia’s Senex Energy generated record revenues during the June quarter as production climbed. a new high Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1370833/Senex-posts-record-figures Mon, 28 Jul 2014 00:28:41 +0000 live Eni 'renews plans to sell Saipem stake' http://www.upstreamonline.com/live/1370816/Eni-renews-plans-to-sell-Saipem-stake The new management of Italy's Eni plans to press on with the sale of a controlling stake in oil services subsidiary Saipem so it can focus on the more lucrative business of finding oil and gas, according to a report. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1370816/Eni-renews-plans-to-sell-Saipem-stake Fri, 25 Jul 2014 22:53:46 +0000 live Gail, Sumitomo in energy MoU http://www.upstreamonline.com/live/1370777/Gail-Sumitomo-in-energy-MoU Indian player Gail and Sumitomo of Japan have signed an agreement that will see the pair work together in the upstream and liquefied natural gas arenas. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370777/Gail-Sumitomo-in-energy-MoU Fri, 25 Jul 2014 12:54:02 +0000 live KMG EP in buyout talks http://www.upstreamonline.com/live/1370772/KMG-EP-in-buyout-talks Kazakhstan’s National Company KazMunaiGas (NC KMG) could be ready to take control of London-listed player KazMunaiGas Exploration Production (KMG EP) after making an initial approach. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370772/KMG-EP-in-buyout-talks Fri, 25 Jul 2014 12:11:09 +0000 live Study to create UK upstream job map http://www.upstreamonline.com/live/1370749/Study-to-create-UK-upstream-job-map Ernst & Young is to conduct a nationwide study mapping the UK upstream oil & gas labour market in order to pinpoint skills deficiencies and likely future labour requirements. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1370749/Study-to-create-UK-upstream-job-map Fri, 25 Jul 2014 08:31:11 +0000 live Rosneft profit booms in Q2 http://www.upstreamonline.com/live/1370731/Rosneft-profit-booms-in-Q2 Rosneft piled on the profit in the second quarter as production grew and upstream unit costs were slashed. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370731/Rosneft-profit-booms-in-Q2 Fri, 25 Jul 2014 07:54:30 +0000 live Seplat sees profits dip http://www.upstreamonline.com/live/1370729/Seplat-sees-profits-dip Nigerian oil company Seplat Petroleum Development posted a fall in profits during the first half of the year on the back of lower revenue. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1370729/Seplat-sees-profits-dip Fri, 25 Jul 2014 07:26:15 +0000 live Statoil books improved profit http://www.upstreamonline.com/live/1370726/Statoil-books-improved-profit Norway’s Statoil has managed to post a 35% increase in quarterly income over the year, as the company looks to slash costs to help cash flow. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1370726/Statoil-books-improved-profit Fri, 25 Jul 2014 06:29:14 +0000 live Gulf Island and Bechtel team up http://www.upstreamonline.com/live/1370724/Gulf-Island-and-Bechtel-team-up Houston-based Gulf Island Fabrication has signed a cooperative agreement with Bechtel Oil, Gas & Chemicals which will see the pair pursue opportunities for offshore projects in the US Gulf of Mexico and abroad. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1370724/Gulf-Island-and-Bechtel-team-up Fri, 25 Jul 2014 04:45:07 +0000 live Keppel profits on offshore rig orders http://www.upstreamonline.com/live/1370689/Keppel-profits-on-offshore-rig-orders Singapore shipyard Keppel saw its profits rise in the second quarter on the back of improved results from its core business of building jack-up rigs and other offshore vessels. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1370689/Keppel-profits-on-offshore-rig-orders Thu, 24 Jul 2014 17:20:13 +0000 live Downstream boss Iain Conn quits BP http://www.upstreamonline.com/live/1370662/Downstream-boss-Iain-Conn-quits-BP BP’s downstream chief executive Iain Conn is leaving the British supermajor as he holds talks with Centrica on becoming the UK utility's next chief executive. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1370662/Downstream-boss-Iain-Conn-quits-BP Thu, 24 Jul 2014 13:52:32 +0000 live Statoil 'alert' to terror threat http://www.upstreamonline.com/live/1370653/Statoil-alert-to-terror-threat Statoil is reported to be in dialogue with the authorities over an “unspecified terror threat” against Norway disclosed by the country’s police security service (PST) on Thursday. stories@upstreamonline.com (Upstream Staff) http://www.upstreamonline.com/live/1370653/Statoil-alert-to-terror-threat Thu, 24 Jul 2014 13:17:09 +0000 live Patterson-UTI up on higher rig activity http://www.upstreamonline.com/live/1370631/Patterson-UTI-up-on-higher-rig-activity US land rig owner Patterson-UTI posted increased profit and revenues in the second quarter as rates and activity increased. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370631/Patterson-UTI-up-on-higher-rig-activity Thu, 24 Jul 2014 12:25:16 +0000 live PTTEP soars on output hike http://www.upstreamonline.com/live/1370611/PTTEP-soars-on-output-hike Higher production drove a significant increase in net profit at Thailand’s PTTEP in the second quarter. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370611/PTTEP-soars-on-output-hike Thu, 24 Jul 2014 12:10:01 +0000 live Noble sinks in second quarter http://www.upstreamonline.com/live/1370589/Noble-sinks-in-second-quarter US independent Noble Energy saw its second-quarter profits almost halved despite higher revenue. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1370589/Noble-sinks-in-second-quarter Thu, 24 Jul 2014 11:55:41 +0000 live Cameron in 'robust' N America outlook http://www.upstreamonline.com/live/1370577/Cameron-in-robust-N-America-outlook US contractor Cameron is counting on a robust North American market as it boosts its full-year profit guidance and looks forward to a record order backlog. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370577/Cameron-in-robust-N-America-outlook Thu, 24 Jul 2014 11:49:03 +0000 live Husky ups profit and flows http://www.upstreamonline.com/live/1370568/Husky-ups-profit-and-flows Husky Energy has grown both production and profit in the second quarter with natural gas output well ahead of a year earlier. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370568/Husky-ups-profit-and-flows Thu, 24 Jul 2014 11:38:47 +0000 live Breitburn Energy buys QR Energy http://www.upstreamonline.com/live/1370538/Breitburn-Energy-buys-QR-Energy Los Angeles-based limited partnership Breitburn Energy Partners has agreed to acquire Houston’s QR Energy LP in a stock-for-stock deal worth around $3 billion including debt and preferred shares. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1370538/Breitburn-Energy-buys-QR-Energy Thu, 24 Jul 2014 11:15:10 +0000 live Ecopetrol in ‘STAR’ post-pilot study http://www.upstreamonline.com/live/1370515/Ecopetrol-in-‘STAR’-post-pilot-study Ecopetrol has moved closer to adopting Pacific Rubiales’ STAR Technology to extract heavy crude more efficiently from one of its fields. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370515/Ecopetrol-in-‘STAR’-post-pilot-study Thu, 24 Jul 2014 10:53:35 +0000 live Encana boosts liquids outlook http://www.upstreamonline.com/live/1370500/Encana-boosts-liquids-outlook Canada’s Encana has significantly boosted its full-year liquids production expectations after strong liquids output in the second quarter. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370500/Encana-boosts-liquids-outlook Thu, 24 Jul 2014 10:39:06 +0000 live Diamond slumps in Q2 http://www.upstreamonline.com/live/1370493/Diamond-slumps-in-Q2 Diamond Offshore Drilling saw net profit fall sharply in the second quarter as revenues dropped and Statoil terminated a rig contract early. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370493/Diamond-slumps-in-Q2 Thu, 24 Jul 2014 10:08:36 +0000 live Maple surges on sale approach http://www.upstreamonline.com/live/1370488/Maple-surges-on-sale-approach Shares in Peru-focused junior Maple Energy have ballooned after it revealed it has had an approach over the possible sale of the company, which could lead to a cash deal. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370488/Maple-surges-on-sale-approach Thu, 24 Jul 2014 09:54:41 +0000 live PGS holed on bottom line http://www.upstreamonline.com/live/1370473/PGS-holed-on-bottom-line Norwegian seismic contractor Petroleum Geo-Services (PGS) saw its second-quarter profits slashed by more than half as it suffered from weaker market demand. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1370473/PGS-holed-on-bottom-line Thu, 24 Jul 2014 07:28:35 +0000 live Repsol books $1.7bn profit http://www.upstreamonline.com/live/1370470/Repsol-books-1.7bn-profit Spanish player Repsol income for the half-year to June has skyrocketed by 47.3% compared with the same period in 2013, with the company taking in €1.3 billion ($1.7 billion). bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1370470/Repsol-books-1.7bn-profit Thu, 24 Jul 2014 06:58:19 +0000 live Technip sees profits dip http://www.upstreamonline.com/live/1370466/Technip-sees-profits-dip French engineering player Technip saw a slight dip in profits during the second quarter of the year, despite a rise in revenue. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1370466/Technip-sees-profits-dip Thu, 24 Jul 2014 06:37:52 +0000 live BW Offshore takes vessel ownership http://www.upstreamonline.com/live/1370465/BW-Offshore-takes-vessel-ownership Dual-listed BW Offshore is set to take full ownership of the Petroleo Nautipa floating production, storage and offloading vessel. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1370465/BW-Offshore-takes-vessel-ownership Thu, 24 Jul 2014 06:24:01 +0000 live BG eyeing North Sea sale: reports http://www.upstreamonline.com/live/1370462/BG-eyeing-North-Sea-sale-reports Britain's BG Group is considering selling its largest operations in the North Sea for about £1 billion pounds ($1.7 billion), according to reports. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1370462/BG-eyeing-North-Sea-sale-reports Thu, 24 Jul 2014 03:51:35 +0000 live Cosco delivers jack-up http://www.upstreamonline.com/live/1370461/Cosco-delivers-jack-up The Singaporean subsidiary of China’s state-run Cosco has delivered a jack-up rig to an Asian buyer from its majority-owned Nantong yard in China. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1370461/Cosco-delivers-jack-up Thu, 24 Jul 2014 03:06:47 +0000 live GDI hands N-KOM $110m in new work http://www.upstreamonline.com/live/1370459/GDI-hands-N-KOM-110m-in-new-work Gulf Drilling International (GDI) has awarded a joint venture shipyard between Qatar’s Nakilat and Singapore’s Keppel contracts worth a combined $110 million. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1370459/GDI-hands-N-KOM-110m-in-new-work Thu, 24 Jul 2014 02:10:39 +0000 live Drillsearch goes strength to strength http://www.upstreamonline.com/live/1370457/Drillsearch-goes-strength-to-strength Australia-listed Drillsearch Energy has managed to deliver a stellar year, despite the slump in quarterly revenue. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1370457/Drillsearch-goes-strength-to-strength Thu, 24 Jul 2014 00:31:12 +0000 live Oceaneering up on subsea products http://www.upstreamonline.com/live/1370451/Oceaneering-up-on-subsea-products Offshore services provider Oceaneering posted a strong second quarter thanks to a solid performance from its subsea products segment. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1370451/Oceaneering-up-on-subsea-products Wed, 23 Jul 2014 23:06:49 +0000 live Urals Energy wins $41m debt case http://www.upstreamonline.com/live/1370395/Urals-Energy-wins-41m-debt-case Urals Energy has won a court case in Moscow about a $41 million debt claim, but the case is set to be followed by another legal action in Cyprus. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1370395/Urals-Energy-wins-41m-debt-case Wed, 23 Jul 2014 14:38:18 +0000 live Freeport-McMoRan eyes more asset sales http://www.upstreamonline.com/live/1370380/Freeport-McMoRan-eyes-more-asset-sales US player Freeport-McMoRan has not ruled out further asset disposals after its $3.1 billion sale of Eagle Ford shale interests as it seeks to bankroll exploitation of newly acquired acreage in the deep-water Gulf of Mexico. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1370380/Freeport-McMoRan-eyes-more-asset-sales Wed, 23 Jul 2014 13:26:03 +0000 live OMV hit with Kazakhstan write-down http://www.upstreamonline.com/live/1370377/OMV-hit-with-Kazakhstan-write-down Austria’s OMV has warned its second quarter results will be hit with impairments of €145 million ($195 million) mostly due to a write-down of its Kazakhstan assets. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1370377/OMV-hit-with-Kazakhstan-write-down Wed, 23 Jul 2014 13:17:10 +0000 live Hercules battles tough rig markets http://www.upstreamonline.com/live/1370360/Hercules-battles-tough-rig-markets US rig owner Hercules Offshore rode a tough operating environment in the second quarter to post a profit rise, but warned of a weak third period before the market picks up later in the year. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370360/Hercules-battles-tough-rig-markets Wed, 23 Jul 2014 12:13:13 +0000 live Uganda ruling for Tullow http://www.upstreamonline.com/live/1370326/Uganda-ruling-for-Tullow A London appeals court has ruled largely in favour of Tullow Oil after a legal challenge by Canadian player Heritage Oil over a compensation payment made to the UK independent related to the acquisition of Ugandan assets. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1370326/Uganda-ruling-for-Tullow Wed, 23 Jul 2014 10:26:51 +0000 live Max Petroleum puts up 'For Sale' sign http://www.upstreamonline.com/live/1370316/Max-Petroleum-puts-up-For-Sale-sign London-listed Max Petroleum has entered a formal sale process as it bids to turn around the cash-strapped company with job cuts and cost-cutting. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1370316/Max-Petroleum-puts-up-For-Sale-sign Wed, 23 Jul 2014 10:08:40 +0000 live PKN Orlen slumps to Q2 loss http://www.upstreamonline.com/live/1370290/PKN-Orlen-slumps-to-Q2-loss Poland’s PKN Orlen slumped to a surprise quarterly loss of 5.2 billion zloty ($1.7 billion) in the second quarter after booking 5 billion zloty in impairments, and moved to cut its mid-term targets on a worsening outlook. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1370290/PKN-Orlen-slumps-to-Q2-loss Wed, 23 Jul 2014 08:40:02 +0000 live Rosneft, Gazprom meeting 'debt wall' http://www.upstreamonline.com/live/1370279/Rosneft-Gazprom-meeting-debt-wall Russian state-run energy giants Rosneft and Gazprom are reportedly set to face significant debt refinancing challenges next year, with new sanctions making it even more difficult for them to tap Western financial markets, according to credit ratings agency Moody’s. Steve.Marshall@upstreamonline.com (Steve Marshall), (News Wires) http://www.upstreamonline.com/live/1370279/Rosneft-Gazprom-meeting-debt-wall Wed, 23 Jul 2014 07:23:52 +0000 live Semco & PV Shipyard team up http://www.upstreamonline.com/live/1370267/Semco--PV-Shipyard-team-up Danish project engineering company Semco Maritime and Vietnam’s PetroVietnam Marine Shipyard (PV Shipyard) have joined forces to establish a rig upgrade company in South East Asia. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1370267/Semco--PV-Shipyard-team-up Wed, 23 Jul 2014 03:38:56 +0000 live AusGroup to buy Ezion supply base operator http://www.upstreamonline.com/live/1370261/AusGroup-to-buy-Ezion-supply-base-operator AusGroup has signed an agreement to buy two subsidiaries of fellow Singapore-listed company Ezion Holdings. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1370261/AusGroup-to-buy-Ezion-supply-base-operator Wed, 23 Jul 2014 02:47:03 +0000 live Nabors swings to profit http://www.upstreamonline.com/live/1370254/Nabors-swings-to-profit Top land drilling contractor Nabors swung to a second-quarter profit amid strong activity across a range of business segments. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1370254/Nabors-swings-to-profit Tue, 22 Jul 2014 22:24:24 +0000 live FMC beats on strong subsea quarter http://www.upstreamonline.com/live/1370250/FMC-beats-on-strong-subsea-quarter Equipment maker FMC Technologies beat expectations in the second quarter driven by higher revenues and a strong performance in subsea technologies. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1370250/FMC-beats-on-strong-subsea-quarter Tue, 22 Jul 2014 22:14:04 +0000 live Transocean subsidiary files for IPO http://www.upstreamonline.com/live/1370243/Transocean-subsidiary-files-for-IPO Rig giant Transocean has filed for an initial public offering of shares for a subsidiary that will start out owning majority stakes in three modern deep-water rigs currently operating in the US Gulf of Mexico. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1370243/Transocean-subsidiary-files-for-IPO Tue, 22 Jul 2014 21:47:52 +0000 live Pressure on Apache to shed global stakes http://www.upstreamonline.com/live/1370209/Pressure-on-Apache-to-shed-global-stakes Apache shares were up on Tuesday after activist investor Jana Partners revealed a major stake and began agitating for changes at the Houston-based independent. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1370209/Pressure-on-Apache-to-shed-global-stakes Tue, 22 Jul 2014 17:27:06 +0000 live Bristow lands deal with pair http://www.upstreamonline.com/live/1370174/Bristow-lands-deal-with-pair Helicopter operator Bristow has secured a three-year deal to provide air transport services for Lundin Petroleum and Det Norske Oljeselskap off Norway. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1370174/Bristow-lands-deal-with-pair Tue, 22 Jul 2014 14:27:07 +0000 live Cosco ‘may sell ATP’s Octobuoy unit’ http://www.upstreamonline.com/live/1370166/Cosco-‘may-sell-ATP’s-Octobuoy-unit’ Shipbuilder Cosco Corp (Singapore) says it has had interest from potential buyers in a hull and topsides that was dropped by ATP Oil & Gas UK for a project east of Shetland. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370166/Cosco-‘may-sell-ATP’s-Octobuoy-unit’ Tue, 22 Jul 2014 13:38:27 +0000 live Apply to make Oseberg C beds http://www.upstreamonline.com/live/1370164/Apply-to-make-Oseberg-C-beds Apply has secured an accommodation module fabrication award worth Nkr125 million ($20.2 million) for Statoil’s Oseberg C platform off Norway. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1370164/Apply-to-make-Oseberg-C-beds Tue, 22 Jul 2014 13:07:18 +0000 live Kvaerner bags rig work http://www.upstreamonline.com/live/1370154/Kvaerner-bags-rig-work Kvaerner is taking in semi-submersible rig Transocean Barents at its Stord yard in Norway to generate further income for the contractor after beefing up its order backlog in the second quarter. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1370154/Kvaerner-bags-rig-work Tue, 22 Jul 2014 10:22:36 +0000 live KBC buys Feesa http://www.upstreamonline.com/live/1370134/KBC-buys-Feesa London-listed KBC Advanced Technologies has bought UK-based specialised software and service provider Feesa in a deal worth £11.2 million ($19.1 million). Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1370134/KBC-buys-Feesa Tue, 22 Jul 2014 07:00:12 +0000 live Oil Search cheers PNG LNG revenue boost http://www.upstreamonline.com/live/1370125/Oil-Search-cheers-PNG-LNG-revenue-boost Australia-listed Oil Search almost doubled its revenue during the second quarter of the year as the start up of the Papua New Guinea liquefied natural gas project (PNG LNG) caused a surge in revenue. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1370125/Oil-Search-cheers-PNG-LNG-revenue-boost Tue, 22 Jul 2014 01:23:26 +0000 live Cooper posts record numbers http://www.upstreamonline.com/live/1370124/Cooper-posts-record-numbers Australia’s Cooper Energy has posted record full-year production and highest yearly sales in the June quarter on the back of exploration success in the Otway basin. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1370124/Cooper-posts-record-numbers Tue, 22 Jul 2014 00:44:34 +0000 live Vard increases profits http://www.upstreamonline.com/live/1370123/Vard-increases-profits Norwegian-based shipbuilder Vard Holdings saw profits rise during the first half of the year as it paid less taxes. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1370123/Vard-increases-profits Tue, 22 Jul 2014 00:26:11 +0000 live Compressco in $825m takeover deal http://www.upstreamonline.com/live/article1370118.ece Compressco Partners has signed a deal to takeout oilfield compression competitor Compressor Systems for $825 million cash. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/article1370118.ece Mon, 21 Jul 2014 23:10:40 +0000 live Helix doubles earnings in quarter http://www.upstreamonline.com/live/1370114/Helix-doubles-earnings-in-quarter Houston-based well-intervention specialist Helix Energy Solutions more than doubled its earnings in the second quarter thanks to higher revenues and full utilisation of some of its vessels. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1370114/Helix-doubles-earnings-in-quarter Mon, 21 Jul 2014 22:16:41 +0000 live GDI nets Dolphin jack-up deal http://www.upstreamonline.com/live/1370089/GDI-nets-Dolphin-jack-up-deal Gulf Drilling International (GDI) is to add another jack-up accommodation to its fleet after signing a long-term charter agreement with Abu Dhabi’s Dolphin Energy. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370089/GDI-nets-Dolphin-jack-up-deal Mon, 21 Jul 2014 16:24:10 +0000 live Diamondback in US shale splash http://www.upstreamonline.com/live/1370053/Diamondback-in-US-shale-splash Diamondback Energy is adding more acres in the US onshore Midland basin after it agreed to buy assets from a number of unidentified players. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370053/Diamondback-in-US-shale-splash Mon, 21 Jul 2014 11:36:44 +0000 live Halliburton booms in Q2 http://www.upstreamonline.com/live/1370051/Halliburton-booms-in-Q2 Halliburton has piled on the profit in the second quarter as it racked up a quarterly revenue record. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370051/Halliburton-booms-in-Q2 Mon, 21 Jul 2014 11:12:23 +0000 live Salamander seals $280m farm-in http://www.upstreamonline.com/live/1370035/Salamander-seals-280m-farm-in Asia-focused Salamander Energy has taken down its ‘For Sale’ sign after sealing a $280 million farm-in on its key asset, the Bualuang oilfield off Thailand. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1370035/Salamander-seals-280m-farm-in Mon, 21 Jul 2014 09:25:16 +0000 live Odebrecht founder dies at 93 http://www.upstreamonline.com/live/1370024/Odebrecht-founder-dies-at-93 Norberto Odebrecht, founder of one of Brazil’s largest oil and gas contractors, has died at the age of 93. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370024/Odebrecht-founder-dies-at-93 Mon, 21 Jul 2014 07:41:28 +0000 live AGR in $265m private equity sale http://www.upstreamonline.com/live/1370021/AGR-in-265m-private-equity-sale Norway's AGR Holdings has been snapped up by European private equity firm Silverfleet Capital for around $265 million. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370021/AGR-in-265m-private-equity-sale Mon, 21 Jul 2014 06:59:46 +0000 live Shale helps lift Reliance's profits http://www.upstreamonline.com/live/1370017/Shale-helps-lift-Reliances-profits Indian conglomerate Reliance Industries posted a rise in profits during the first quarter of the financial year, thanks in part to higher contributions from its oil and gas business. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1370017/Shale-helps-lift-Reliances-profits Mon, 21 Jul 2014 02:47:51 +0000 live TAS ready to add to order book http://www.upstreamonline.com/live/1370013/TAS-ready-to-add-to-order-book Malaysia-listed TAS Offshore is set to secure more order for its offshore supply vessels in Indonesia. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1370013/TAS-ready-to-add-to-order-book Mon, 21 Jul 2014 01:34:38 +0000 live SembMarine wins Saipem conversion http://www.upstreamonline.com/live/1369979/SembMarine-wins-Saipem-conversion Singapore’s SembCorp Marine has won a S$600 million (US$483 million) conversion contract with France’s Saipem for the Kaombo project, off Angola. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1369979/SembMarine-wins-Saipem-conversion Mon, 21 Jul 2014 00:24:54 +0000 live Encana 'set for Deep Panuke sale' http://www.upstreamonline.com/live/1369939/Encana-set-for-Deep-Panuke-sale Encana is preparing to sell its Deep Panuke project off Nova Scotia later this year, according to a report, as Canada’s largest natural gas producer shifts production towards more oil. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1369939/Encana-set-for-Deep-Panuke-sale Fri, 18 Jul 2014 19:14:45 +0000 live GE boosts earnings to $3.9bn http://www.upstreamonline.com/live/1369911/GE-boosts-earnings-to-3.9bn US conglomerate GE is expecting to lift group operated earnings by 8% in the second quarter thanks to its industrial businesses including oil & gas. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1369911/GE-boosts-earnings-to-3.9bn Fri, 18 Jul 2014 11:02:18 +0000 live Rosneft ‘maintains strategy’ despite sanctions http://www.upstreamonline.com/live/1369893/Rosneft-‘maintains-strategy’-despite-sanctions Rosneft’s cash flows will allow it to carry on with current projects in the face of sanctions imposed on the Russian oil behemoth by the US Treasury Department this week, the company has said. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1369893/Rosneft-‘maintains-strategy’-despite-sanctions Fri, 18 Jul 2014 09:15:41 +0000 live Supermajors' staff among MH17 dead http://www.upstreamonline.com/live/1369885/Supermajors-staff-among-MH17-dead Shell and ExxonMobil have both confirmed that workers from both companies were among the 298 people on board a Malaysian Airlines flight that crashed in Ukraine on Thursday. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1369885/Supermajors-staff-among-MH17-dead Fri, 18 Jul 2014 08:40:29 +0000 live PA narrows losses http://www.upstreamonline.com/live/1369880/PA-narrows-losses Swedish company PA Resources narrowed its losses during the second quarter of the year, despite revenue falling on lower production. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1369880/PA-narrows-losses Fri, 18 Jul 2014 06:54:56 +0000 live