Drilling & production - 02 January 2015

Ivanhoe Energy receives an additional US$540 000 short-term loan from Robert Friedland.

Paragon Offshore plc today announced that Paragon repurchased an aggregate principal amount of US$25.2 million of its senior unsecured notes.

Royal Dutch Shell plc has announced that it has entered into an arrangement with an independent third party to enable the purchase of ordinary shares.

Keppel secures contract to perform second FLNG vessel conversion for Golar.

Petrobras declares commerciality of the Santos Basin pre-salt areas of Iara and Entorno de Iara.

Det norske has received consent to use Transocean Winner to drill production wells on the Alvheim field.

Following the commitment from the Egyptian government to repay outstanding debts to the energy industry, BG Group plc has received a further payment.

BG Norge AS (BG) is the operator for production licence PL 373 in the Tampen area in the northern North Sea.

Step Change in Safety has announced its independence from Oil & Gas UK and will now be wholly owned by its 137 member organisations.

Brazil is the 8th largest total energy consumer and 10th largest producer in the world.

Plan of development approved for Lengo gas field offshore East Java

Andy Jenkins examines the impact of declining oil prices on the subsea processing industry.

Australian energy company WHL Energy Limited has announced that company has agreed to grant an extension to Tap Oil Ltd.

The West Polaris was acquired by Ship Finance in 2008 and subsequently bareboat chartered to Seadrill with purchase options commencing in 2012.

BP, on behalf of the Kinnoull field co-venturers, has announced the start of production from the Kinnoull field in the central North Sea.

Lundin Norge AS, operator of production licence 584, is in the process of completing drilling of wildcat well 6405/12-1.

KBC has entered into a seven-year contract with a major European based oilfield services company for the licensing of its upstream simulation portfolio.

BNK Petroleum Inc. has provided an update on its Tishomingo Field, Caney shale oil operations in Oklahoma, and its Polish shale gas project.

The Board of Directors have approved Gazprom’s Investment Program, Budget (Financial Plan) and Cost Optimisation (Reduction) Program for 2015.