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06 Jul 15
Ukraine orders Naftogaz to borrow $1 bln to create gas fund
Ukraine has ordered state-run energy firm Naftogaz to borrow $1 billion to create a fund to finance the purchase, transport and storage of gas, the government said. Ukraine imported about 19.5 bcm of gas in 2014, a large part of which came from Russia, with whom it has a pricing dispute.
06 Jul 15
Magellan announces formation of special committee to review strategic alternatives
Magellan Petroleum has announced the formation of a special committee of independent members of the Board of Directors of the Company (the 'Special Committee') to consider various strategic alternatives potentially available to the Company.
06 Jul 15
Venezuela: Repsol starts up the giant Perla gas field in Venezuela
Repsol has started up the first producing well at the giant Perla field, the largest gas discovery in the company's history and the largest offshore gas field in Latin America, holding 17 trillion cubic feet (Tcf) of gas in place.
06 Jul 15
Sterling Resources announces operational and financial update
Sterling Resources has announced an update to Breagh operations and a financial update. The Company is continuing to seek a corporate sale or merger of Sterling, or possibly a sale of 10 to 15 percent of the Breagh field, and will announce the appointment of a strategic financial advisor shortly.
06 Jul 15
Ophir Energy announces trading update
Ophir Energy, with a large portfolio of assets across Africa and Asia, has provided an update on activity for the first half of 2015. The Company reports production as forecast and all development activities progressing to plan.
06 Jul 15
Ireland: Providence Resources acquires acquires Atlantic Petroleum's interest in FEL 3/04, Southern Porcupine Basin
Providence has agreed to acquire (for a nominal consideration) Atlantic Petroleum's 4.0% stake in FEL 3/04. As a result, and subject to Ministerial approval, Providence's equity in FEL 3/04 will increase from 16% to 20%.
06 Jul 15
Trinidad: LGO Energy announces Goudron field drilling update, Trinidad
LGO Energy has announced that its latest development well, GY-675, at its flagship Goudron field development in Trinidad has reached TD. Electric log interpretation confirms the presence of recoverable hydrocarbons, with the net hydrocarbon pay in the C-sand main target estimated at 260 feet.
06 Jul 15
Europa Oil & Gas announces Placing and Open Offer
Europa Oil & Gas has announced a Firm Placing and Conditional Placing to new and existing institutional investors to raise gross proceeds of £1.4 million and an Open Offer to Qualifying Shareholders to raise gross proceeds of up to a further £2.0 million.
06 Jul 15
Australian energy retailer AGL writes down coal-seam gas assets
AGL Energy, Australia's No. 2 energy retailer, said it will sell three coal-seam gas licences back to the government and write down the value of several more underperforming projects, cutting its net profit by $443 million.
06 Jul 15
Australia: Buru Energy granted production licences for Ungani oil field
Buru Energy has advised that the Buru Energy/Mitsubishi Corp Joint Venture has been granted the production licences for it's Ungani oil field in WA’s Kimberley region.
05 Jul 15
Madagascar: Exxon Mobil ends oil exploration in Madagascar - minister
Exxon Mobil Corp has ended its oil exploration in Madagascar after disappointing findings in its off-shore blocks, the Malagasy Mining and Petroleum Minister said on Friday.
05 Jul 15
Lithuania: LITGAS and Statoil prepare joint venture to enter the Baltic Sea small scale LNG market
Natural gas supply and trading company LITGAS, part of Lithuania’s state owned energy holding Lietuvos Energija, and Statoil signed a MoU on Thursday regarding establishment of a joint venture company in Lithuania to develop small scale LNG bunkering services.
05 Jul 15
Tanzanian lawmakers pass disputed petroleum bill
Tanzania's parliament on Sunday approved a legal and regulatory framework for developing its nascent hydrocarbons industry, after days of contentious debate.
05 Jul 15
Mexico unveils licensing plan to add million barrels output
Mexico plans to auction 914 onshore and offshore oil areas in the next five years as the historic opening of the country’s energy industry aims to add 1 million barrels of production by 2025.
05 Jul 15
Brazil: FPSO Cidade de Itaguaí arrives at Petrobras' Lula field
Petrobras reports that the FPSO Cidade de Itaguaí is now anchored in the Iracema Norte area of the Lula field, in the Pre-Salt layer of Santos Basin, off the coast of Rio de Janeiro. Oil production in the field is scheduled to begin in the third quarter of this year.
05 Jul 15
Norway: Statoil installs first subsea wet gas compressor in the world at Gullfaks
Statoil has announced that, after several years of technology development, construction and testing the first subsea wet gas compressor in the world is now installed at the Gullfaks C platform in the North Sea.
05 Jul 15
Australia: Origin Energy's Yolla-5 development well reaches TD
AWE Limited has advised that the Operator of the BassGas joint Venture in permit T/L1, Origin Energy, has confirmed that the Yolla-5 development well has reached TD after successfully intersecting the primary reservoir targets located in the Paleocene EVCM sands.
05 Jul 15
Kazakhstan: Karazhanbasmunai granted extension of Karazhanbas oil and gas field contract
KazMunaiGas Exploration Production has announced that an addendum has been signed to extend the contract for the production of raw hydrocarbons at Karazhanbas oil and gas field of Mangystau Province to the 7th of June 2035.
05 Jul 15
Mexico: ION launches MexicoSPAN in Mexico’s offshore Gulf waters
ION Geophysical has announced the launch of the first phase of MexicoSPAN, encompassing more than 22,000 km of deep-imaged 2D seismic data. Combined with ION’s YucatanSPAN, GulfSPAN and FloridaSPAN programs, MexicoSPAN will deliver the industry’s only complete, basin-wide regional view of the Gulf of Mexico.
05 Jul 15
Indonesia expects Total to decide on Mahakam within days
French oil firm Total will decide how large a stake it will retain from 2018 in Indonesia's offshore Mahakam oil and gas block within days, the country's energy minister said on Friday.
05 Jul 15
Brazil: Videocon plans $2.5 billion Brazil oil and gas investments
Videocon Industries plans to invest $2.5 billion in oil and gas ventures in Brazil over the next two to three years, the consumer electronics-to-energy group's chief said, as part of its strategy to boost the business.



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