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November 2014

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Oil prices continue to fall following OPEC's decision to not cut production
28 November 2014 Brent crude declined below $72 a barrel today following OPEC's decision to not cut oil...

Woodside to go ahead with $1bn Persephone gas project, offshore Australia
28 November 2014 Woodside Petroleum will go ahead with the A$1.2bn ($1bn) Persephone gas project, offshore north-west Australia, after North West Shelf (NWS) participants approved the...

Nigeria demands Shell pay $4bn for 2011 offshore oil spill damage
28 November 2014 The Nigerian Parliament is demanding Shell to pay about $4bn for the damage caused by an oil spill at its Bonga offshore field in December...

Woodside to explore Rabat Ultra Deep Offshore area, offshore Morocco
27 November 2014 Australian energy firm Woodside Petroleum has signed a reconnaissance licence with the Office National des Hydrocarbures et des Mines to explore the Rabat Ultra Deep Offshore area block in...

Brent declines $2 to 4-year low as OPEC output cut uncertainties grow
27 November 2014 The price of Brent crude oil dropped $2 to a four-year low, under $76 a barrel, as OPEC output cut uncertainties continue to grow despite worldwide market...

Karoon Gas Australia finds oil in Kangaroo-2 appraisal well, offshore Brazil
27 November 2014 Karoon Gas Australia has confirmed and recovered oil from five zones in the Kangaroo-2 appraisal well in the Santos basin, offshore...

Faroe Petroleum sells 10% stake in Glenlivet gas field to Total
26 November 2014 Faroe Petroleum has sold its 10% stake in the undeveloped Glenlivet gas field, West of Shetland, to Total E&P...

Deep Casing Tools wins contract to support Statoil on Norwegian Continental Shelf
26 November 2014 Deep Casing Tools has signed a frame agreement with Statoil Petroleum covering the supply of drillable casing and reaming technology for the energy firm's activities on the Norwegian...

Oil trades below $79 as Saudia Arabia indicates no output cuts by OPEC
26 November 2014 The price of Brent crude oil steadied below $79 a barrel today amid indications from Saudi Arabia that OPEC would not cut oil...

Production starts from Xijiang 24-1 district joint development project, China
25 November 2014 China National Offshore Oil Corporation (CNOOC) has started production at the Xijiang 24-1 district joint development...

Brent crude oil dips to $79.20 as traders' hopes of an output cut by OPEC wane
25 November 2014 The price of Brent crude oil dropped towards $79.20 a barrel today as traders' expectations of a major output reduction by OPEC...

Russia faces $140bn losses a year due to political sanctions and oil prices slump
25 November 2014 Russia faces losses of about $140bn a year due to lower oil prices and sanctions imposed on the country by the West, according to its finance...

Brent steadies around $80 as OPEC production policy meeting nears
24 November 2014 The price of Brent crude oil steadied around $80 a barrel today ahead of OPEC's production policy meeting this...

Offshore explosion at Fieldwood Energy's Echo platform kills worker
24 November 2014 An offshore explosion at Fieldwood Energy's Echo platform in the Gulf of Mexico has killed one person and injured...

Technip wins flexible piping contract for Iracema North pre-salt field, Brazil
24 November 2014 The Tupi BV consortium of Petrobras Netherland, BG, and Galphabe has contracted Technip to supply flexible piping for the Iracema North pre-salt field in the Santos basin, offshore...

Oil increases towards $80 amid increased OPEC output cut expectations
21 November 2014 Brent crude oil increased towards $80 a barrel today on strong US oil consumer data and increased expectations of a production cut by the OPEC at its meeting next...

Oyster Petroleum to acquire 30% interest in UK North Sea P.2132 licence
21 November 2014 Exploration and production firm Oyster Petroleum has agreed to acquire a 30% interest in the P.2132 licence, UK North...

SeaBird secures $176m LOA from TGS for 2D surveys in Mexico and US
21 November 2014 SeaBird Exploration has secured a letter of award (LOA), worth about $176m, from TGS-NOPEC Geophysical (TGS) to undertake 2D seismic surveys in Mexico and the US...

Brent crude steadies above $78 ahead of OPEC oil production meeting
20 November 2014 The price of Brent crude steadied above $78 a barrel on Thursday as the market awaits news of a possible oil production cut ahead of the Organization of the Petroleum Exporting Countries'...

Cairn Energy and partners complete SNE-1 well drilling programme, offshore Senegal
20 November 2014 Cairn Energy and its joint venture (JV) partners have completed operations on the SNE-1 well, offshore...

Kinsale Energy to buy 80% interest in SEL 4/07 licence, offshore Ireland
20 November 2014 Kinsale Energy, a subsidiary of Malaysian oil company Petronas, has agreed to acquire an 80% interest in the SEL 4/07 Celtic Sea licence, offshore Ireland, from Lansdowne Oil &...


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