Oil And Gas Industry News

The latest upstream oil and gas news from around the world.

Jupiter Updates on Kazakhstan Operations Drilling at East Akkar Field

Jupiter Energy updates on operations in Kazakhstan including drilling at Well 19 in the East Akkar field

Northern Offshore Delays Delivery of 2 Jackups Now Being Built in China

Northern Offshore negotiates a nine month delay in deliveries of its newbuild jackups Energy Engager and Energy Encounter

Neptune Marine Services Bags Rig Move Contract for Apache Off Australia

Neptune Marine Services bags a rig position and mooring services contract for Apache Energy in Australia

Warburg Invests in E P Start Up

Global private equity firm Warburg Pincus offers a Houston based E P company a line of equity investment of up to 500 million

Oil Extends Losses On Iran Talks Brent Ends March Down 12

Oil falls for a third straight session with Brent crude tumbling 12 for the month

Bank Of Montreal CEO Sees M A Upside From Oil Price Slump

Battered oil prices are expected to spur mergers and acquisitions in the energy sector and drive advisory fees for the Bank of Montreal Chief Executive William Downe says

US Approval Moves Shell A Step Closer To Arctic Drilling

The US Interior Department upheld a 2008 lease sale in the Chukchi Sea off Alaska moving Shell a step closer to returning to oil and gas exploration in the Arctic

Apache s New Technology Yields Strong Drilling Results in Egypt

Apache reports strong appraisal and development drilling results from Egypt following the previously announced discovery of two new oil fields in the Western Desert

IFP School Launches Free Distance Learning Program Specializing in Oil Gas

IFP School with help from IFP Training and support from Total will offer a free web based distance learning program specializing in oil and gas

BP Terminates Gulf Of Mexico Rig Contracts As Low Oil Prices Bite

BP terminates contracts for two deepwater oil drilling rigs in the Gulf of Mexico as the company cuts its exploration budget due to fallen oil prices

The Oil Gas Guide to Networking Young Professionals

Rigzone speaks with Matt Gelotti director of Young Professionals in Energy Houston Chapter who offers advice to young professionals networking in oil and gas

Reliance Signs Production Sharing Pact For Offshore Blocks In Myanmar

Reliance says it signed an agreement with Myanmar for a production sharing contract for two offshore blocks

Maersk Oil Commences Production from New Platform in Danish North Sea

Maersk Oil commences production from a new unmanned platform Tyra Southeast B in the Danish North Sea

Govt Conoco To Push On With Investment In Indonesia Oil Gas

ConocoPhillips plans to invest around 2 5 billion in Indonesia s upstream oil and gas industry over the next 3 or 4 years the nation s energy minister says

Eni PetroVietnam Ink PSCs for Myanmar s Offshore Blocks MD 2 MD 4

Eni and partner PetroVietnam ink two production sharing contracts for Blocks MD 2 and MD 4 offshore Myanmar

Total Seeks Arbitration Over Uganda Tax Dispute

Total is seeking international arbitration over a tax disagreement with Uganda which could further delay crude oil production in the east African country

Delek Moves to 4Q Loss on One Off Items Delays London Listing

Israeli energy company Delek Group reports a net loss in the fourth quarter weighed down by one time capital losses and writedowns from the divestment of assets

Indonesia to Fill Top Posts in Ministry of Energy Mineral Resources Soon

Indonesia s Ministry of Energy and Mineral Resources shortlists 15 candidates for President Joko Widido to select for its top five posts including director general of oil and gas

Key Receives Environmental Plan Approval for Dunnart 2 Test Program in WA

Key Petroleum receives approval of its environmental plan for the Dunnart 2 testing program in EP437 in Perth Basin Western Australia

VAALCO Encounters Disappointment at Kindele 1 Exploration Well Off Angola

VAALCO plugs and abandons the Kindeke 1 exploration well in Block 5 offshore Angola after encountering disappointing drilling results

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